Amazon.com, Inc.

0R1O.IL

0R1O.ILAmazon.com, Inc. GB flag

International Order Book

204.70

USD

-1.66

- -

1.74TMarket Cap

Income Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	48,077	61,093	74,452	88,988	107,006	135,987	177,866	232,887	280,522	386,064	469,822	513,983	574,785	637,959	716,924
+ Sales & Services Revenue	48,077	61,093	74,452	88,988	107,006	135,987	177,866	232,887	280,522	386,064	469,822	513,983	574,785	637,959	716,924
- Cost of Revenue	37,288	45,971	54,181	62,752	71,651	88,265	111,934	139,156	165,536	233,307	272,344	288,831	304,739	326,288	356,414
+ Cost of Goods & Services	37,288	45,971	54,181	62,752	71,651	88,265	111,934	139,156	165,536	233,307	272,344	288,831	304,739	326,288	356,414
Gross Profit	10,789	15,122	20,271	26,236	35,355	47,722	65,932	93,731	114,986	152,757	197,478	225,152	270,046	311,671	360,510
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	9,927	14,446	19,526	26,058	33,122	43,536	61,826	81,310	100,445	129,858	172,599	212,904	233,194	243,078	280,535
+ Selling, General & Admin	2,288	3,304	4,262	5,884	7,001	9,665	13,743	18,150	24,081	28,676	41,374	54,129	56,186	55,266	58,301
+ Research & Development	2,909	4,564	6,565	9,275	12,540	16,085	22,620	28,837	35,931	42,740	- -	- -	- -	- -	- -
+ Other Operating Expense	4,730	6,578	8,699	10,899	13,581	17,786	25,463	34,323	40,433	58,442	131,225	158,775	177,008	187,812	222,234
Operating Income (Loss)	862	676	745	178	2,233	4,186	4,106	12,421	14,541	22,899	24,879	12,248	36,852	68,593	79,975
- Non-Operating (Income) Loss	-72	132	239	289	665	294	300	1,160	565	-1,279	-13,272	18,184	-705	-21	-17,336
+ Interest Expense, Net	4	52	103	171	409	384	646	977	768	1,092	1,361	1,378	233	-2,271	-2,107
+ Interest Expense	65	92	141	210	459	484	848	1,417	1,600	1,647	1,809	2,367	3,182	2,406	2,274
- Interest Income	61	40	38	39	50	100	202	440	832	555	448	989	2,949	4,677	4,381
+ Other Non-Op (Income) Loss	-76	80	136	118	256	-90	-346	183	-203	-2,371	-14,633	16,806	-938	2,250	-15,229
Pretax Income	934	544	506	-111	1,568	3,892	3,806	11,261	13,976	24,178	38,151	-5,936	37,557	68,614	97,311
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	631	-39	274	-241	596	2,371	3,033	10,073	11,588	21,331	33,364	-2,722	30,425	59,248	77,670
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	631	-39	274	-241	596	2,371	3,033	10,073	11,588	21,331	33,364	-2,722	30,425	59,248	77,670
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	631	-39	274	-241	596	2,371	3,033	10,073	11,588	21,331	33,364	-2,722	30,425	59,248	77,670
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	631	-39	274	-241	596	2,371	3,033	10,073	11,588	21,331	33,364	-2,722	30,425	59,248	77,670
EBIT	862	676	745	178	2,233	4,186	4,106	12,421	14,541	22,899	24,879	12,248	36,852	68,593	79,975
EBITDA	1,945	2,835	3,998	4,924	8,514	12,302	15,584	27,762	36,330	48,079	59,312	54,169	85,515	121,388	145,731
EBITDA Margin (%)	4.05	4.64	5.37	5.53	7.96	9.05	8.76	11.92	12.95	12.45	12.62	10.54	14.88	19.03	20.33
EBITA	862	676	745	178	2,233	4,186	4,106	12,421	14,541	22,899	24,879	12,248	36,852	68,593	79,975
Gross Margin (%)	22.44	24.75	27.23	29.48	33.04	35.09	37.07	40.25	40.99	39.57	42.03	43.81	46.98	48.85	50.29
Operating Margin (%)	1.79	1.11	1	0.2	2.09	3.08	2.31	5.33	5.18	5.93	5.3	2.38	6.41	10.75	11.16
Profit Margin (%)	1.31	-0.06	0.37	-0.27	0.56	1.74	1.71	4.33	4.13	5.53	7.1	-0.53	5.29	9.29	10.83
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	1,083	2,159	3,253	4,746	6,281	8,116	11,478	15,341	21,789	25,180	34,433	41,921	48,663	52,795	65,756
Basic Weighted Avg Shares	9,060	9,060	9,140	9,240	9,340	9,480	9,600	9,740	9,880	10,000	10,120	10,189	10,304	10,473	10,656
Basic EPS, GAAP	0.07	- -	0.03	-0.03	0.06	0.25	0.32	1.03	1.17	2.13	3.3	-0.27	2.95	5.66	7.29
Basic EPS from Cont Ops	0.07	- -	0.03	-0.03	0.06	0.25	0.32	1.03	1.17	2.13	3.3	-0.27	2.95	5.66	7.29
Diluted Weighted Avg Shares	9,220	9,060	9,300	9,240	9,540	9,680	9,860	10,000	10,080	10,200	10,300	10,189	10,492	10,721	10,827
Diluted EPS, GAAP	0.07	- -	0.03	-0.03	0.06	0.24	0.31	1.01	1.15	2.09	3.24	-0.27	2.9	5.53	7.17
Diluted EPS from Cont Ops	0.07	- -	0.03	-0.03	0.06	0.24	0.31	1.01	1.15	2.09	3.24	-0.27	2.9	5.53	7.17

Balance Sheet (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	17,490	21,296	24,625	31,327	35,705	45,781	60,197	75,101	96,334	132,733	161,580	146,791	172,351	190,867	229,083
+ Cash, Cash Equivalents & STI	9,576	11,448	12,447	17,416	19,808	25,981	30,986	41,250	55,021	84,396	96,049	70,026	86,780	101,202	123,029
+ Cash & Cash Equivalents	5,269	8,084	8,658	14,557	15,890	19,334	20,522	31,750	36,092	42,122	36,220	53,888	73,387	78,779	86,810
+ ST Investments	4,307	3,364	3,789	2,859	3,918	6,647	10,464	9,500	18,929	42,274	59,829	16,138	13,393	22,423	36,219
+ Accounts & Notes Receiv	2,571	3,817	4,767	5,612	5,654	8,339	13,164	16,677	20,816	24,542	32,891	42,360	52,253	55,451	67,729
+ Accounts Receivable, Net	2,571	3,817	4,767	5,612	5,654	8,339	13,164	16,677	20,816	24,542	32,891	42,360	52,253	55,451	67,729
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	4,992	6,031	7,411	8,299	10,243	11,461	16,047	17,174	20,497	23,795	32,640	34,405	33,318	34,214	38,325
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	4,992	6,031	7,411	8,299	10,243	11,461	16,047	17,174	20,497	23,795	32,640	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	-1,600	-2,300	-2,600	-2,800	-3,000	-3,000	-3,300
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	1,600	2,300	2,600	37,205	36,318	37,214	41,625
+ Other ST Assets	351	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	7,788	11,259	15,534	23,178	29,042	37,621	71,113	87,547	128,914	188,462	258,969	315,884	355,503	434,027	588,959
+ Property, Plant & Equip, Net	4,417	7,060	10,949	16,967	21,838	29,114	48,866	61,797	97,846	150,667	216,363	252,838	276,690	328,806	443,079
+ Property, Plant & Equip	5,786	9,582	14,809	22,730	30,053	42,441	72,656	95,770	144,821	211,101	294,882	349,853	396,801	470,196	620,152
- Accumulated Depreciation	1,369	2,522	3,860	5,763	8,215	13,327	23,790	33,973	46,975	60,434	78,519	97,015	120,111	141,390	177,073
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	3,371	4,199	4,585	6,211	7,204	8,507	22,247	25,750	31,068	37,795	42,606	63,046	78,813	105,221	145,880
+ Total Intangible Assets	2,602	3,277	3,300	4,083	4,751	4,638	16,721	18,658	18,803	19,998	20,478	26,385	30,476	31,676	32,470
+ Goodwill	1,955	2,552	2,655	3,319	3,759	3,784	13,350	14,548	14,754	15,017	15,371	20,288	22,789	23,074	23,273
+ Other Intangible Assets	647	725	645	764	992	854	3,371	4,110	4,049	4,981	5,107	6,097	7,687	8,602	9,197
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	769	922	1,285	2,128	2,453	3,869	5,526	7,092	12,265	17,797	22,128	36,661	48,337	73,545	113,410
Total Assets	25,278	32,555	40,159	54,505	64,747	83,402	131,310	162,648	225,248	321,195	420,549	462,675	527,854	624,894	818,042
+ Payables & Accruals	14,896	18,210	21,821	26,266	30,769	39,048	52,786	61,855	79,622	116,677	130,439	142,166	149,690	161,328	197,429
+ Accounts Payable	11,145	13,318	15,133	16,459	20,397	25,309	34,616	38,192	47,183	72,539	78,664	79,600	84,981	94,363	121,909
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	3,751	4,892	6,688	9,807	10,372	13,739	18,170	23,663	32,439	44,138	51,775	62,566	64,709	66,965	75,520
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	792	1,159	1,823	3,118	4,768	5,097	6,536	8,190	9,708	11,827	13,227	15,227	18,103	20,576
+ Deferred Revenue	- -	792	1,159	1,823	3,118	4,768	5,097	6,536	8,190	9,708	11,827	13,227	15,227	18,103	20,576
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	14,896	19,002	22,980	28,089	33,887	43,816	57,883	68,391	87,812	126,385	142,266	155,393	164,917	179,431	218,005
+ LT Debt	1,415	3,830	5,181	12,489	14,175	15,213	37,926	33,145	63,205	84,389	116,395	140,118	135,611	130,900	152,987
+ LT Borrowings	255	3,084	3,191	8,265	8,227	7,694	24,743	23,495	23,414	31,816	48,744	67,150	58,314	52,623	65,648
+ LT Finance Leases	1,160	746	1,990	4,224	5,948	7,519	13,183	9,650	39,791	52,573	67,651	72,968	77,297	78,277	87,339
+ Other LT Liabilities	1,210	1,531	2,252	3,186	3,301	5,088	7,792	17,563	12,171	17,017	23,643	21,121	25,451	28,593	35,985
+ Accrued Liabilities	266	812	1,028	1,531	1,339	1,787	1,994	2,386	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	944	719	1,224	1,655	1,962	3,301	5,798	15,177	12,171	17,017	23,643	21,121	25,451	28,593	35,985
Total Noncurrent Liabilities	2,625	5,361	7,433	15,675	17,476	20,301	45,718	50,708	75,376	101,406	140,038	161,239	161,062	159,493	188,972
Total Liabilities	17,521	24,363	30,413	43,764	51,363	64,117	103,601	119,099	163,188	227,791	282,304	316,632	325,979	338,924	406,977
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	6,995	8,352	9,578	11,140	13,399	17,191	21,394	26,796	33,663	42,870	55,543	75,174	99,134	120,975	140,136
+ Common Stock	5	5	5	5	5	5	5	5	5	5	106	108	109	111	112
+ Additional Paid in Capital	6,990	8,347	9,573	11,135	13,394	17,186	21,389	26,791	33,658	42,865	55,437	75,066	99,025	120,864	140,024
- Treasury Stock	877	1,837	1,837	1,837	1,837	1,837	1,837	1,837	1,837	1,837	1,837	7,837	7,837	7,837	7,837
+ Retained Earnings	1,955	1,916	2,190	1,949	2,545	4,916	8,636	19,625	31,220	52,551	85,915	83,193	113,618	172,866	250,536
+ Other Equity	-316	-239	-185	-511	-723	-985	-484	-1,035	-986	-180	-1,376	-4,487	-3,040	-34	28,230
Equity Before Minority Interest	7,757	8,192	9,746	10,741	13,384	19,285	27,709	43,549	62,060	93,404	138,245	146,043	201,875	285,970	411,065
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	7,757	8,192	9,746	10,741	13,384	19,285	27,709	43,549	62,060	93,404	138,245	146,043	201,875	285,970	411,065
Total Liabilities & Equity	25,278	32,555	40,159	54,505	64,747	83,402	131,310	162,648	225,248	321,195	420,549	462,675	527,854	624,894	818,042
Shares Outstanding	9,100	9,080	9,180	9,300	9,420	9,540	9,680	9,820	9,960	10,060	10,180	10,242	10,383	10,593	10,731
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	1,160	746	1,990	4,224	5,948	7,519	13,183	9,650	39,791	52,573	67,651	72,968	77,297	78,277	87,339
Net Debt	-5,014	-5,000	-5,467	-6,292	-7,663	-11,640	4,221	-8,255	-12,678	-10,306	12,524	13,262	-15,073	-26,156	-21,162
Net Debt to Equity	-64.64	-61.04	-56.09	-58.58	-57.25	-60.36	15.23	-18.96	-20.43	-11.03	9.06	9.08	-7.47	-9.15	-5.15
Tangible Common Equity Ratio	22.73	16.79	17.49	13.2	14.39	18.6	9.59	17.29	20.95	24.37	29.44	27.43	34.46	42.87	48.19
Current Ratio	1.17	1.12	1.07	1.12	1.05	1.04	1.04	1.1	1.1	1.05	1.14	0.94	1.05	1.06	1.05
Cash Conversion Cycle	-33.76	-32.13	-27.13	-23.62	-24.95	-29.56	-26.94	-27.77	-26.35	-36.26	-38.01	-30.31	-28.32	-31.45	-40.98

Cash Flow Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	631	-39	274	-241	596	2,371	3,033	10,073	11,588	21,331	33,364	-2,722	30,425	59,248	77,670
+ Depreciation & Amortization	1,083	2,159	3,253	4,746	6,281	8,116	11,478	15,341	21,789	25,180	34,433	41,921	48,663	52,795	65,756
+ Non-Cash Items	-296	-984	-1,111	-2,329	2,605	2,869	4,096	6,352	7,575	6,072	-1,859	28,439	17,399	19,375	16,057
+ Stock-Based Compensation	557	833	1,134	1,497	2,119	2,975	4,215	5,418	6,864	9,208	12,757	19,621	24,023	22,011	19,467
+ Deferred Income Taxes	136	-265	-156	-316	81	-246	-29	441	796	-554	-310	-8,148	-5,876	-4,648	11,470
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-989	-1,552	-2,089	-3,510	405	140	-90	493	-85	-2,582	-14,306	16,966	-748	2,012	-14,880
+ Chg in Non-Cash Work Cap	2,485	3,044	3,059	4,666	2,557	3,847	-242	-1,043	-2,438	13,481	-19,611	-20,886	-11,541	-15,541	-19,969
+ (Inc) Dec in Accts Receiv	-866	-861	-846	-1,039	-1,755	-3,436	-4,780	-4,615	-7,681	-8,169	-9,145	-8,622	-8,348	-3,249	-7,333
+ (Inc) Dec in Inventories	-1,777	-999	-1,410	-1,193	-2,187	-1,426	-3,583	-1,314	-3,278	-2,849	-9,487	-2,592	1,449	-1,884	-3,002
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	4,064	3,108	2,624	2,465	5,207	6,754	7,383	3,735	6,810	23,234	5,725	1,387	3,045	68	6,212
+ Inc (Dec) in Other	1,064	1,796	2,691	4,433	1,292	1,955	738	1,151	1,711	1,265	-6,704	-11,059	-7,687	-10,476	-15,846
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	3,903	4,180	5,475	6,842	12,039	17,203	18,365	30,723	38,514	66,064	46,327	46,752	84,946	115,877	139,514
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	798	1,067	1,897	2,104	4,172	5,096	5,657	5,324	4,596	5,341	3,499
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	798	1,067	1,897	2,104	4,172	5,096	5,657	5,324	4,596	5,341	3,499
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1,811	-3,785	-3,444	-4,893	-5,387	-7,804	-11,955	-13,427	-16,861	-40,140	-61,053	-63,645	-52,729	-82,999	-131,819
+ Acq of Fixed Prod Assets	-1,811	-3,785	-3,444	-4,893	-5,387	-7,804	-11,955	-13,427	-16,861	-40,140	-61,053	-63,645	-52,729	-82,999	-131,819
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-277	-960	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6,000	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-277	-960	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6,000	- -	- -	- -
+ Net Change in LT Investment	586	935	-520	807	-1,066	-2,663	-3,054	1,140	-9,131	-22,242	-773	29,036	4,139	-9,602	-10,384
+ Dec in LT Investment	6,843	4,237	2,306	3,349	3,025	4,577	9,677	8,240	22,681	50,237	59,384	31,601	5,627	16,403	44,386
+ Inc in LT Investment	-6,257	-3,302	-2,826	-2,542	-4,091	-7,240	-12,731	-7,100	-31,812	-72,479	-60,157	-2,565	-1,488	-26,005	-54,770
+ Net Cash From Acq & Div	-705	-745	-312	-979	-795	-116	-13,972	-2,186	-2,461	-2,325	-1,985	-8,316	-5,839	-7,082	-3,841
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-705	-745	-312	-979	-795	-116	-13,972	-2,186	-2,461	-2,325	-1,985	-8,316	-5,839	-7,082	-3,841
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1,930	-3,595	-4,276	-5,065	-6,450	-9,516	-27,084	-12,369	-24,281	-59,611	-58,154	-37,601	-49,833	-94,342	-142,545
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-267	2,790	-617	4,426	-3,882	-3,716	9,928	-7,686	-10,066	-1,104	6,291	15,718	-15,879	-11,812	9,661
+ Cash From Debt	177	3,378	394	6,359	353	618	16,228	1,068	2,273	17,321	26,959	62,719	18,129	5,142	24,993
+ Repayments of Debt	-444	-588	-1,011	-1,933	-4,235	-4,334	-6,300	-8,754	-12,339	-18,425	-20,668	-47,001	-34,008	-16,954	-15,332
+ Other Financing Activities	62	429	78	6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-482	2,259	-539	4,432	-3,882	-3,716	9,928	-7,686	-10,066	-1,104	6,291	9,718	-15,879	-11,812	9,661
Effect of Foreign Exchange Rates	1	-29	-86	-310	-374	-212	713	-351	70	618	-364	-1,093	403	-1,301	1,164
Net Changes in Cash	1,491	2,844	660	6,209	1,707	3,971	1,209	10,668	4,167	5,349	-5,536	18,869	19,234	9,723	6,630
EBITDA	1,945	2,835	3,998	4,924	8,514	12,302	15,584	27,762	36,330	48,079	59,312	54,169	85,515	121,388	145,731
EBITDA Margin (%)	4.05	4.64	5.37	5.53	7.96	9.05	8.76	11.92	12.95	12.45	12.62	10.54	14.88	19.03	20.33
Free Cash Flow	2,092	395	2,031	1,949	6,652	9,399	6,410	17,296	21,653	25,924	-14,726	-16,893	32,217	32,878	7,695
Net Cash Paid for Acquisitions	705	745	312	979	795	116	13,972	2,186	2,461	2,325	1,985	8,316	5,839	7,082	3,841
Free Cash Flow to Firm	2,157	487	2,172	- -	7,111	9,883	7,258	18,713	23,253	27,571	-12,917	- -	35,399	35,284	9,969
Free Cash Flow to Equity	1,825	3,185	1,414	6,375	3,568	6,750	18,235	11,714	15,759	29,916	-2,778	4,149	20,934	26,407	20,855
Free Cash Flow per Basic Share	0.23	0.04	0.22	0.21	0.71	0.99	0.67	1.78	2.19	2.59	-1.46	-1.66	3.13	3.14	0.72
Price/Free Cash Flow	- -	- -	- -	11.6	8.06	5.7	4.79	17.05	16.78	15.84	16.18	7.7	11.55	12.02	8.85
Cash Flow to Net Income	6.19	-107.18	19.98	-28.39	20.2	7.26	6.06	3.05	3.32	3.1	1.39	-17.18	2.79	1.96	1.8
Capital Expenditures	-1,811	-3,785	-3,444	-4,893	-5,387	-7,804	-11,955	-13,427	-16,861	-40,140	-61,053	-63,645	-52,729	-82,999	-131,819