Philip Morris International Inc.

4I1.DE

4I1.DEPhilip Morris International Inc. DE flag

Deutsche Börse

152.42

EUR

+3.28

- -

237.56BMarket 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	31,097	31,377	31,217	29,767	26,794	26,685	28,748	29,625	29,805	28,694	31,405	31,762	35,174	37,878	40,648
+ Sales & Services Revenue	31,097	31,377	31,217	29,767	26,794	26,685	28,748	29,625	29,805	28,694	31,405	31,762	35,174	37,878	40,648
- Cost of Revenue	10,678	10,373	10,410	10,436	9,365	9,391	10,432	10,758	10,513	9,569	10,030	11,402	12,893	13,329	13,366
+ Cost of Goods & Services	10,678	10,373	10,410	10,436	9,365	9,391	10,432	10,758	10,513	9,569	10,030	11,402	12,893	13,329	13,366
Gross Profit	20,419	21,004	20,807	19,331	17,429	17,294	18,316	18,867	19,292	19,125	21,375	20,360	22,281	24,549	27,282
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	6,968	7,058	6,983	7,094	6,738	6,391	6,735	7,490	8,761	7,457	8,400	8,114	10,060	11,147	12,349
+ Selling, General & Admin	6,870	6,961	6,890	7,001	6,656	6,317	6,647	7,408	8,695	7,384	8,400	8,114	10,060	11,147	12,349
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	98	97	93	93	82	74	88	82	66	73	- -	- -	- -	- -	- -
Operating Income (Loss)	13,451	13,946	13,824	12,237	10,691	10,903	11,581	11,377	10,531	11,668	12,975	12,246	12,221	13,402	14,933
- Non-Operating (Income) Loss	909	942	1,282	1,587	1,076	979	992	706	659	715	743	612	1,771	1,203	1,053
+ Interest Expense, Net	800	859	973	1,052	1,008	891	914	665	570	618	628	588	1,061	1,143	966
+ Interest Expense	934	1,007	1,104	1,170	1,132	1,069	1,096	855	796	728	737	768	1,526	1,763	1,587
- Interest Income	134	148	131	118	124	178	182	190	226	110	109	180	465	620	621
+ Other Non-Op (Income) Loss	109	83	309	535	68	88	78	41	89	97	115	24	710	60	87
Pretax Income	12,542	13,004	12,542	10,650	9,615	9,924	10,589	10,671	9,872	10,953	12,232	11,634	10,450	12,199	13,880
- Income Tax Expense (Benefit)	3,653	3,833	3,670	3,097	2,688	2,768	4,307	2,445	2,293	2,377	2,671	2,244	2,339	3,017	2,737
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	8,879	9,154	8,850	7,658	7,032	7,250	6,341	8,286	7,728	8,592	9,710	9,527	8,268	9,819	11,848
- Net Extraordinary Losses (Gains)	576	708	548	330	318	566	612	750	1,086	1,072	1,202	958	910	3,208	1,000
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	576	708	548	330	318	566	612	750	1,086	1,072	1,202	958	910	3,208	1,000
Income (Loss) Incl. MI	8,303	8,446	8,302	7,328	6,714	6,684	5,729	7,536	6,642	7,520	8,508	8,569	7,358	6,611	10,848
- Minority Interest	-288	-354	-274	-165	-159	-283	-306	-375	-543	-536	-601	-479	-455	-446	-500
Net Income, GAAP	8,591	8,800	8,576	7,493	6,873	6,967	6,035	7,911	7,185	8,056	9,109	9,048	7,813	7,057	11,348
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	8,591	8,800	8,576	7,493	6,873	6,967	6,035	7,911	7,185	8,056	9,109	9,048	7,813	7,057	11,348
EBIT	13,451	13,946	13,824	12,237	10,691	10,903	11,581	11,377	10,531	11,668	12,975	12,246	12,221	13,402	14,933
EBITDA	14,444	14,844	14,706	13,126	11,445	11,646	12,456	12,366	11,495	12,649	13,973	13,323	13,619	15,189	16,929
EBITDA Margin (%)	46.45	47.31	47.11	44.1	42.71	43.64	43.33	41.74	38.57	44.08	44.49	41.95	38.72	40.1	41.65
EBITA	13,451	13,946	13,824	12,237	10,691	10,903	11,581	11,377	10,531	11,668	12,975	12,246	12,221	13,402	14,933
Gross Margin (%)	65.66	66.94	66.65	64.94	65.05	64.81	63.71	63.69	64.73	66.65	68.06	64.1	63.35	64.81	67.12
Operating Margin (%)	43.25	44.45	44.28	41.11	39.9	40.86	40.28	38.4	35.33	40.66	41.32	38.56	34.74	35.38	36.74
Profit Margin (%)	27.63	28.05	27.47	25.17	25.65	26.11	20.99	26.7	24.11	28.08	29	28.49	22.21	18.63	27.92
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	2.77	3.19	3.53	3.85	4.03	4.11	4.2	4.43	4.61	4.73	4.87	5.04	5.13	5.27	5.54
Depreciation Expense	993	898	882	889	754	743	875	989	964	981	998	1,077	1,398	1,787	1,996
Basic Weighted Avg Shares	1,726	1,692	1,622	1,566	1,549	1,551	1,552	1,555	1,555	1,557	1,558	1,550	1,552	1,554	1,556
Basic EPS, GAAP	4.98	5.2	5.29	4.78	4.44	4.49	3.89	5.09	4.62	5.17	5.85	5.84	5.03	4.54	7.29
Basic EPS from Cont Ops	5.14	5.41	5.46	4.89	4.54	4.67	4.09	5.33	4.97	5.52	6.23	6.15	5.33	6.32	7.61
Diluted Weighted Avg Shares	1,726	1,692	1,622	1,566	1,549	1,551	1,553	1,555	1,556	1,558	1,559	1,552	1,553	1,556	1,558
Diluted EPS, GAAP	4.98	5.2	5.29	4.78	4.44	4.49	3.89	5.09	4.62	5.17	5.84	5.83	5.03	4.54	7.28
Diluted EPS from Cont Ops	5.14	5.41	5.46	4.89	4.54	4.67	4.08	5.33	4.97	5.51	6.23	6.14	5.32	6.31	7.6

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	14,859	16,590	16,852	15,484	15,804	17,608	21,594	19,442	20,514	21,492	17,717	19,619	19,755	20,170	24,363
+ Cash, Cash Equivalents & STI	2,550	2,983	2,154	1,682	3,417	4,239	8,447	6,593	6,861	7,280	4,496	3,207	3,060	4,216	4,872
+ Cash & Cash Equivalents	2,550	2,983	2,154	1,682	3,417	4,239	8,447	6,593	6,861	7,280	4,496	3,207	3,060	4,216	4,872
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	3,201	3,589	3,853	4,004	2,778	3,499	3,738	3,564	3,717	3,761	3,940	4,756	4,391	4,675	5,810
+ Accounts Receivable, Net	3,201	3,589	3,853	4,004	2,778	3,499	3,194	2,950	3,080	2,905	3,123	3,850	3,461	3,789	4,572
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	544	614	637	856	817	906	930	886	1,238
+ Inventories	8,120	8,949	9,846	8,592	8,473	9,017	8,806	8,804	9,235	9,591	8,720	9,886	10,774	9,453	11,478
+ Raw Materials	4,648	5,158	5,305	4,831	4,253	4,067	4,169	3,723	3,648	3,775	3,294	3,702	4,235	4,341	4,648
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	3,472	3,791	4,541	3,761	4,220	4,950	4,637	5,081	5,587	5,816	5,426	6,184	6,539	5,112	6,830
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	988	1,069	999	1,206	1,136	853	603	481	701	860	561	1,770	1,530	1,826	2,203
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	20,629	21,080	21,316	19,703	18,152	19,243	21,374	20,359	22,361	23,323	23,573	42,062	45,549	41,614	44,822
+ Property, Plant & Equip, Net	6,250	6,645	6,755	6,071	5,721	6,064	7,271	7,201	6,631	6,365	6,168	6,710	7,516	7,310	8,397
+ Property, Plant & Equip	12,913	13,879	13,957	12,759	11,767	12,360	14,566	14,557	14,446	14,909	14,732	15,443	17,080	16,685	19,616
- Accumulated Depreciation	6,663	7,234	7,202	6,688	6,046	6,296	7,295	7,356	7,815	8,544	8,564	8,733	9,564	9,375	11,219
+ LT Investments & Receivables	- -	24	1,536	1,083	890	1,011	1,074	1,269	4,635	4,798	4,463	4,431	4,929	2,654	2,891
+ LT Investments	- -	24	1,536	1,083	890	1,011	1,074	1,269	4,635	4,798	4,463	4,431	4,929	2,654	2,891
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	14,379	14,411	13,025	12,549	11,541	12,168	13,029	11,889	11,095	12,160	12,942	30,921	33,104	31,650	33,534
+ Total Intangible Assets	13,625	13,519	12,086	11,373	10,038	9,794	10,098	9,467	7,971	7,983	9,498	26,387	26,643	27,927	28,148
+ Goodwill	9,928	9,900	8,893	8,388	7,415	7,324	7,666	7,189	5,858	5,964	6,680	19,655	16,779	16,600	17,264
+ Other Intangible Assets	3,697	3,619	3,193	2,985	2,623	2,470	2,432	2,278	2,113	2,019	2,818	6,732	9,864	11,327	10,884
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	754	892	939	1,176	1,503	2,374	2,931	2,422	3,124	4,177	3,444	4,534	6,461	3,723	5,386
Total Assets	35,488	37,670	38,168	35,187	33,956	36,851	42,968	39,801	42,875	44,815	41,290	61,681	65,304	61,784	69,185
+ Payables & Accruals	10,007	10,806	12,350	11,293	11,047	12,451	12,101	11,613	13,402	15,058	15,086	17,920	18,455	18,081	20,181
+ Accounts Payable	1,031	1,103	1,274	1,242	1,289	1,666	2,242	2,068	2,299	2,780	3,331	4,076	4,143	3,952	4,407
+ Accrued Taxes	6,243	6,806	7,684	6,568	6,091	7,036	6,136	5,664	6,633	7,494	7,349	8,480	8,672	8,162	8,810
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	2,733	2,897	3,392	3,483	3,667	3,749	3,723	3,881	4,470	4,784	4,406	5,364	5,640	5,967	6,964
+ ST Debt	3,717	5,200	3,655	2,526	3,230	3,216	3,005	4,784	4,389	3,368	3,023	8,248	6,666	3,529	3,701
+ ST Borrowings	3,717	5,200	3,655	2,526	3,230	3,216	3,005	4,784	4,389	3,368	3,023	8,248	6,666	3,529	3,701
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	1,070	1,010	1,061	1,293	1,109	800	856	794	1,042	1,189	1,146	1,168	1,262	1,305	1,545
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	176	114	112	158	206	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	894	896	949	1,135	903	800	856	794	1,042	1,189	1,146	1,168	1,262	1,305	1,545
Total Current Liabilities	14,794	17,016	17,066	15,112	15,386	16,467	15,962	17,191	18,833	19,615	19,255	27,336	26,383	22,915	25,427
+ LT Debt	14,828	17,639	24,023	26,929	25,250	25,851	31,334	26,975	26,656	28,168	24,783	34,875	41,243	42,166	45,134
+ LT Borrowings	14,828	17,639	24,023	26,929	25,250	25,851	31,334	26,975	26,656	28,168	24,783	34,875	41,243	42,166	45,134
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	4,103	4,868	3,353	4,349	4,796	5,433	5,902	6,374	6,985	7,663	5,460	5,781	7,124	6,573	6,652
+ Accrued Liabilities	1,976	1,875	1,477	1,549	1,543	1,897	799	898	908	684	726	1,956	2,335	2,517	2,065
+ Pension Liabilities	1,665	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	462	2,993	1,876	2,800	3,253	3,536	5,103	5,476	6,077	6,979	4,734	3,825	4,789	4,056	4,587
Total Noncurrent Liabilities	18,931	22,507	27,376	31,278	30,046	31,284	37,236	33,349	33,641	35,831	30,243	40,656	48,367	48,739	51,786
Total Liabilities	33,725	39,523	44,442	46,390	45,432	47,751	53,198	50,540	52,474	55,446	49,498	67,992	74,750	71,654	77,213
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1,235	1,334	723	710	1,929	1,964	1,972	1,939	2,019	2,105	2,225	2,230	2,285	2,335	2,453
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	1,235	1,334	723	710	1,929	1,964	1,972	1,939	2,019	2,105	2,225	2,230	2,285	2,335	2,453
- Treasury Stock	19,900	26,282	32,142	35,762	35,613	35,490	35,382	35,301	35,220	35,129	35,836	35,917	35,785	35,640	35,551
+ Retained Earnings	21,757	25,076	27,843	29,249	29,842	30,397	29,859	31,014	30,987	31,638	33,082	34,289	34,090	32,869	35,400
+ Other Equity	-2,863	-3,604	-4,190	-6,826	-9,402	-9,559	-8,535	-10,111	-9,363	-11,181	-9,577	-9,559	-11,815	-11,314	-12,296
Equity Before Minority Interest	229	-3,476	-7,766	-12,629	-13,244	-12,688	-12,086	-12,459	-11,577	-12,567	-10,106	-8,957	-11,225	-11,750	-9,994
+ Minority/Non Controlling Interest	1,534	1,623	1,492	1,426	1,768	1,788	1,856	1,720	1,978	1,936	1,898	2,646	1,779	1,880	1,966
Total Equity	1,763	-1,853	-6,274	-11,203	-11,476	-10,900	-10,230	-10,739	-9,599	-10,631	-8,208	-6,311	-9,446	-9,870	-8,028
Total Liabilities & Equity	35,488	37,670	38,168	35,187	33,956	36,851	42,968	39,801	42,875	44,815	41,290	61,681	65,304	61,784	69,185
Shares Outstanding	1,726	1,654	1,589	1,547	1,549	1,551	1,553	1,555	1,556	1,557	1,550	1,550	1,552	1,555	1,557
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	15,995	19,856	25,524	27,773	25,063	24,828	25,892	25,166	24,184	24,256	23,310	39,916	44,849	41,479	43,963
Net Debt to Equity	907.26	-1,071.56	-406.82	-247.91	-218.39	-227.78	-253.1	-234.34	-251.94	-228.16	-283.99	-632.48	-474.79	-420.25	-547.62
Tangible Common Equity Ratio	-54.26	-63.65	-70.39	-94.8	-89.95	-76.48	-61.84	-66.61	-50.34	-50.54	-55.69	-92.64	-93.35	-111.64	-88.15
Current Ratio	1	0.97	0.99	1.02	1.03	1.07	1.35	1.13	1.09	1.1	0.92	0.72	0.75	0.88	0.96
Cash Conversion Cycle	285.21	305.03	334.64	320.6	328.79	328.54	284.51	263.46	277.25	303.72	246.44	230.32	221.53	188.85	224.21

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	8,879	9,154	8,850	7,658	7,032	7,250	6,341	8,286	7,728	8,592	9,710	9,527	8,268	7,503	11,848
+ Depreciation & Amortization	993	898	882	889	754	743	875	989	964	981	998	1,077	1,398	1,787	1,996
+ Non-Cash Items	-177	30	613	110	13	147	-183	39	643	111	-108	37	838	2,250	197
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	15	-248	-28	-62	-18	182	-501	-100	-141	-143	-17	-234	-330	-123	-847
+ Asset Impairment Charge	11	26	288	175	-164	-31	-10	-3	371	-14	-22	112	680	2,343	41
+ Other Non-Cash Adj	-203	252	353	-3	195	-4	328	142	413	268	-69	159	488	30	1,003
+ Chg in Non-Cash Work Cap	834	-661	-210	-918	66	-63	1,879	164	755	128	1,367	162	-1,300	677	-1,808
+ (Inc) Dec in Accts Receiv	-251	-398	-449	-463	647	-1,009	-92	53	-331	26	-198	-871	314	-738	-448
+ (Inc) Dec in Inventories	-36	-728	-1,413	105	-841	-695	730	-613	-548	-165	549	-1,287	-862	552	-1,201
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	890	-173	1,983	-330	302	1,850	-129	859	1,559	527	1,276	2,581	-520	925	107
+ Inc (Dec) in Other	231	638	-331	-230	-42	-209	1,370	-135	75	-260	-260	-261	-232	-62	-266
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	10,529	9,421	10,135	7,739	7,865	8,077	8,912	9,478	10,090	9,812	11,967	10,803	9,204	12,217	12,233
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-5,297	-6,524	-5,963	-3,833	-48	- -	- -	- -	- -	- -	-775	-209	- -	- -	- -
+ Increase in Capital Stock	75	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-5,372	-6,525	-5,963	-3,833	-48	- -	- -	- -	- -	- -	-775	-209	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-132	-86
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	116
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-132	-202
+ Net Cash From Acq & Div	-116	-6	-1,418	-139	-55	-41	-111	- -	-1,346	- -	-2,111	-13,976	191	179	30
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	191	179	30
+ Cash for Acq of Subs	-116	-6	-1,418	-139	-55	-41	-111	- -	-1,346	- -	-2,111	-13,976	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-916	-986	-1,262	-857	-653	-793	-2,972	-998	-465	-1,154	-247	-1,703	-3,789	-1,139	-3,911
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1,032	-992	-2,680	-996	-708	-834	-3,083	-998	-1,811	-1,154	-2,358	-15,679	-3,598	-1,092	-3,967
+ Dividends Paid	-4,788	-5,404	-5,720	-6,035	-6,250	-6,378	-6,520	-6,885	-7,161	-7,364	-7,580	-7,812	-7,964	-8,197	-8,624
+ Net Cash From Debt	2,058	4,177	4,495	3,271	44	1,131	4,172	-2,229	446	-311	-3,042	14,176	3,702	-1,623	1,706
+ Cash From Debt	4,688	7,634	9,181	6,598	1,539	3,536	8,484	255	5,797	3,803	- -	21,695	11,855	8,242	7,244
+ Repayments of Debt	-2,630	-3,457	-4,686	-3,327	-1,495	-2,405	-4,312	-2,484	-5,351	-4,114	-3,042	-7,519	-8,153	-9,865	-5,538
+ Other Financing Activities	-311	-349	-1,027	-242	1,518	-166	-421	-537	-1,346	-821	-580	-2,349	-1,320	339	-1,214
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-8,338	-8,100	-8,215	-6,839	-4,736	-5,413	-2,769	-9,651	-8,061	-8,496	-11,977	3,806	-5,582	-9,481	-8,132
Effect of Foreign Exchange Rates	-312	104	-69	-376	-686	-965	1,085	-685	27	258	-417	-213	-95	-536	504
Net Changes in Cash	1,159	329	-760	-96	2,421	1,830	3,060	-1,171	218	162	-2,368	-1,070	24	1,644	134
EBITDA	14,444	14,844	14,706	13,126	11,445	11,646	12,456	12,366	11,495	12,649	13,973	13,323	13,619	15,189	16,929
EBITDA Margin (%)	46.45	47.31	47.11	44.1	42.71	43.64	43.33	41.74	38.57	44.08	44.49	41.95	38.72	40.1	41.65
Free Cash Flow	10,529	9,421	10,135	7,739	7,865	8,077	8,912	9,478	10,090	9,812	11,967	10,803	9,204	12,217	12,233
Net Cash Paid for Acquisitions	116	6	1,418	139	55	41	111	- -	1,346	- -	2,111	13,976	-191	-179	-30
Free Cash Flow to Firm	11,191	10,131	10,916	8,569	8,681	8,848	9,562	10,137	10,701	10,382	12,543	11,423	10,388	13,544	13,507
Free Cash Flow to Equity	12,587	13,598	14,630	11,010	7,909	9,208	13,084	7,249	10,536	9,501	8,925	24,979	12,906	10,594	13,939
Free Cash Flow per Basic Share	6.1	5.57	6.25	4.94	5.08	5.21	5.74	6.1	6.49	6.3	7.68	6.97	5.93	7.86	7.86
Price/Free Cash Flow	7	8.36	7.78	10.23	11.22	11.61	12.6	10.84	9.92	10.69	10.51	13	15.09	15.31	20.56
Cash Flow to Net Income	1.23	1.07	1.18	1.03	1.14	1.16	1.48	1.2	1.4	1.22	1.31	1.19	1.18	1.73	1.08
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -