Agilent Technologies, Inc.

AAgilent Technologies, Inc. US flag

New York Stock Exchange

137.40

USD

+2.35

- -

38.83BMarket 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	6,615	6,858	3,894	4,048	4,038	4,202	4,472	4,914	5,163	5,339	6,319	6,848	6,833	6,510	6,948
+ Sales & Services Revenue	6,615	6,858	3,894	4,048	4,038	4,202	4,472	4,914	5,163	5,339	6,319	6,848	6,833	6,510	6,948
- Cost of Revenue	3,086	3,254	1,987	2,072	1,997	2,005	2,073	2,234	2,358	2,502	2,912	3,126	3,368	2,975	3,305
+ Cost of Goods & Services	3,086	3,254	1,987	2,072	1,997	2,005	2,073	2,234	2,358	2,502	2,912	3,126	3,368	2,975	3,305
Gross Profit	3,529	3,604	1,907	1,976	2,041	2,197	2,399	2,680	2,805	2,837	3,407	3,722	3,465	3,535	3,643
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	2,458	2,485	1,521	1,557	1,519	1,582	1,592	1,776	1,864	1,991	2,060	2,104	2,115	2,047	2,164
+ Selling, General & Admin	1,809	1,817	1,184	1,199	1,189	1,253	1,251	1,389	1,460	1,496	1,619	1,637	1,634	1,568	1,709
+ Research & Development	649	668	337	358	330	329	341	387	404	495	441	467	481	479	455
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	1,071	1,119	386	419	522	615	807	904	941	846	1,347	1,618	1,350	1,488	1,479
- Non-Operating (Income) Loss	39	76	93	190	42	71	4	-42	22	4	-13	114	11	-33	44
+ Interest Expense, Net	72	92	100	101	59	61	57	37	38	70	79	75	44	16	50
+ Interest Expense	86	101	107	110	66	72	79	75	74	78	81	84	95	96	112
- Interest Income	14	9	7	9	7	11	22	38	36	8	2	9	51	80	62
+ Other Non-Op (Income) Loss	-33	-16	-7	89	-17	10	-53	-79	-16	-66	-92	39	-33	-49	-6
Pretax Income	1,032	1,043	293	229	480	544	803	946	919	842	1,360	1,504	1,339	1,521	1,435
- Income Tax Expense (Benefit)	20	-110	68	-3	42	82	119	630	-152	123	150	250	99	232	132
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,012	1,153	225	232	438	462	684	316	1,071	719	1,210	1,254	1,240	1,289	1,303
- Net Extraordinary Losses (Gains)	- -	- -	-509	-317	37	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	509	317	-37	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	-1,018	-634	74	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1,012	1,153	734	549	401	462	684	316	1,071	719	1,210	1,254	1,240	1,289	1,303
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1,012	1,153	734	549	401	462	684	316	1,071	719	1,210	1,254	1,240	1,289	1,303
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,012	1,153	734	549	401	462	684	316	1,071	719	1,210	1,254	1,240	1,289	1,303
EBIT	1,071	1,119	386	419	522	615	807	904	941	846	1,347	1,618	1,350	1,488	1,479
EBITDA	1,324	1,420	758	803	775	861	1,019	1,114	1,179	1,154	1,668	1,935	1,621	1,745	1,767
EBITDA Margin (%)	20.02	20.71	19.47	19.84	19.19	20.49	22.79	22.67	22.84	21.61	26.4	28.26	23.72	26.8	25.43
EBITA	1,071	1,119	386	419	522	615	807	904	941	846	1,347	1,618	1,350	1,488	1,479
Gross Margin (%)	53.35	52.55	48.97	48.81	50.54	52.28	53.64	54.54	54.33	53.14	53.92	54.35	50.71	54.3	52.43
Operating Margin (%)	16.19	16.32	9.91	10.35	12.93	14.64	18.05	18.4	18.23	15.85	21.32	23.63	19.76	22.86	21.29
Profit Margin (%)	15.3	16.81	18.85	13.56	9.93	10.99	15.3	6.43	20.74	13.47	19.15	18.31	18.15	19.8	18.75
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	0.3	0.46	0.53	0.4	0.46	0.53	0.6	0.66	0.72	0.78	0.84	0.9	0.94	0.99
Depreciation Expense	253	301	372	384	253	246	212	210	238	308	321	317	271	257	288
Basic Weighted Avg Shares	347	348	341	333	333	326	322	321	314	309	304	299	294	290	284
Basic EPS, GAAP	2.92	3.31	2.15	1.65	1.2	1.42	2.12	0.98	3.41	2.33	3.98	4.19	4.22	4.44	4.59
Basic EPS from Cont Ops	2.92	3.31	0.66	0.7	1.32	1.42	2.12	0.98	3.41	2.33	3.98	4.19	4.22	4.44	4.59
Diluted Weighted Avg Shares	355	353	345	338	335	329	326	325	318	312	307	300	296	291	285
Diluted EPS, GAAP	2.85	3.27	2.13	1.62	1.2	1.4	2.1	0.97	3.37	2.3	3.94	4.18	4.19	4.43	4.57
Diluted EPS from Cont Ops	2.85	3.27	0.65	0.69	1.31	1.4	2.1	0.97	3.37	2.3	3.94	4.18	4.19	4.43	4.57

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	5,569	4,629	4,983	5,509	3,686	3,635	4,169	3,848	3,189	3,415	3,799	3,778	4,186	3,959	4,594
+ Cash, Cash Equivalents & STI	3,527	2,351	2,675	2,218	2,003	2,289	2,678	2,247	1,382	1,441	1,575	1,053	1,590	1,329	1,789
+ Cash & Cash Equivalents	3,527	2,351	2,675	2,218	2,003	2,289	2,678	2,247	1,382	1,441	1,484	1,053	1,590	1,329	1,789
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	91	- -	- -	- -	- -
+ Accounts & Notes Receiv	860	923	899	626	606	631	724	776	930	1,038	1,172	1,405	1,291	1,324	1,487
+ Accounts Receivable, Net	860	923	899	626	606	631	724	776	930	1,038	1,172	1,405	1,291	1,324	1,487
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	898	1,014	1,066	574	541	533	575	638	679	720	830	1,038	1,031	972	1,025
+ Raw Materials	446	505	514	208	179	194	212	252	263	303	367	483	461	449	478
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	452	509	552	366	362	339	363	386	416	417	463	555	570	523	547
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	284	341	343	2,091	536	182	192	187	198	216	222	282	274	334	293
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3,488	5,907	5,703	5,306	3,793	4,159	4,257	4,693	6,263	6,212	6,906	6,754	6,577	7,887	8,133
+ Property, Plant & Equip, Net	1,006	1,164	1,134	631	604	639	757	822	850	845	945	1,100	1,270	1,778	2,023
+ Property, Plant & Equip	2,612	2,882	2,878	1,369	1,334	1,406	1,600	1,660	1,775	1,874	2,067	2,248	2,493	3,082	3,446
- Accumulated Depreciation	1,606	1,718	1,744	738	730	767	843	838	925	1,029	1,122	1,148	1,223	1,304	1,423
+ LT Investments & Receivables	117	109	139	96	86	135	138	68	102	158	185	195	164	175	133
+ LT Investments	117	109	139	96	86	135	138	68	102	158	185	195	164	175	133
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2,365	4,634	4,430	4,579	3,103	3,385	3,362	3,803	5,311	5,209	5,776	5,459	5,143	5,934	5,977
+ Total Intangible Assets	1,996	4,111	3,963	3,156	2,811	2,933	2,968	3,464	4,700	4,433	4,956	4,773	4,435	5,024	4,918
+ Goodwill	1,567	3,025	3,047	2,507	2,366	2,517	2,607	2,973	3,593	3,602	3,975	3,952	3,960	4,477	4,473
+ Other Intangible Assets	429	1,086	916	649	445	416	361	491	1,107	831	981	821	475	547	445
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	369	523	467	1,423	292	452	394	339	611	776	820	686	708	910	1,059
Total Assets	9,057	10,536	10,686	10,815	7,479	7,794	8,426	8,541	9,452	9,627	10,705	10,532	10,763	11,846	12,727
+ Payables & Accruals	771	836	762	581	497	441	486	543	794	639	774	909	727	938	976
+ Accounts Payable	472	461	432	302	279	257	305	340	354	354	446	580	418	540	570
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	299	375	330	279	218	184	181	203	440	285	328	329	309	398	406
+ ST Debt	253	250	- -	- -	- -	- -	210	- -	616	75	- -	36	- -	45	304
+ ST Borrowings	253	250	- -	- -	- -	- -	210	- -	616	75	- -	36	- -	45	304
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	813	807	840	1,111	479	504	567	628	670	753	934	916	876	912	1,067
+ Deferred Revenue	389	420	439	260	258	269	291	324	336	386	441	461	505	544	624
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	424	387	401	851	221	235	276	304	334	367	493	455	371	368	443
Total Current Liabilities	1,837	1,893	1,602	1,692	976	945	1,263	1,171	2,080	1,467	1,708	1,861	1,603	1,895	2,347
+ LT Debt	1,932	2,112	2,699	1,663	1,655	1,904	1,801	1,799	1,791	2,284	2,729	2,733	2,735	3,345	3,050
+ LT Borrowings	1,932	2,112	2,699	1,663	1,655	1,904	1,801	1,799	1,791	2,284	2,729	2,733	2,735	3,345	3,050
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	972	1,346	1,096	2,156	678	699	527	1,000	833	1,003	879	633	580	708	589
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	329	554	294	209	264	360	234	239	360	389	220	97	103	130	126
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	643	792	802	1,947	414	339	293	761	473	614	659	536	477	578	463
Total Noncurrent Liabilities	2,904	3,458	3,795	3,819	2,333	2,603	2,328	2,799	2,624	3,287	3,608	3,366	3,315	4,053	3,639
Total Liabilities	4,741	5,351	5,397	5,511	3,309	3,548	3,591	3,970	4,704	4,754	5,316	5,227	4,918	5,948	5,986
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	8,271	8,495	8,729	8,973	9,051	9,165	5,303	5,311	5,280	5,314	5,323	5,328	5,390	5,453	5,578
+ Common Stock	6	6	6	6	6	6	3	3	3	3	3	3	3	3	3
+ Additional Paid in Capital	8,265	8,489	8,723	8,967	9,045	9,159	5,300	5,308	5,277	5,311	5,320	5,325	5,387	5,450	5,575
- Treasury Stock	8,535	8,707	9,607	9,807	10,074	10,508	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	4,456	5,505	6,073	6,469	5,581	6,089	-126	-336	-18	81	348	324	782	750	1,389
+ Other Equity	116	-111	91	-334	-391	-503	-346	-408	-514	-522	-282	-347	-327	-305	-226
Equity Before Minority Interest	4,308	5,182	5,286	5,301	4,167	4,243	4,831	4,567	4,748	4,873	5,389	5,305	5,845	5,898	6,741
+ Minority/Non Controlling Interest	8	3	3	3	3	3	4	4	- -	- -	- -	- -	- -	- -	- -
Total Equity	4,316	5,185	5,289	5,304	4,170	4,246	4,835	4,571	4,748	4,873	5,389	5,305	5,845	5,898	6,741
Total Liabilities & Equity	9,057	10,536	10,686	10,815	7,479	7,794	8,426	8,541	9,452	9,627	10,705	10,532	10,763	11,846	12,727
Shares Outstanding	347	346	333	335	332	324	322	318	309	306	302	295	292	285	283
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-1,342	11	24	-555	-348	-385	-667	-448	1,025	918	1,245	1,716	1,145	2,061	1,565
Net Debt to Equity	-31.09	0.21	0.45	-10.46	-8.35	-9.07	-13.8	-9.8	21.59	18.84	23.1	32.35	19.59	34.94	23.22
Tangible Common Equity Ratio	32.86	16.72	19.72	28.05	29.11	27.01	34.21	21.8	1.01	8.47	7.53	9.24	22.28	12.81	23.34
Current Ratio	3.03	2.45	3.11	3.26	3.78	3.85	3.3	3.29	1.53	2.33	2.22	2.03	2.61	2.09	1.96
Cash Conversion Cycle	88.92	104.16	196.51	128.42	103.59	102.5	104.35	103.55	109.44	118.51	112.66	121.57	129.93	136.22	123.78

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	1,012	1,153	734	549	401	462	684	316	1,071	719	1,210	1,254	1,240	1,289	1,303
+ Depreciation & Amortization	253	301	372	384	253	246	212	210	238	308	321	317	271	257	288
+ Non-Cash Items	219	-50	135	-17	173	115	193	90	-158	220	56	219	377	122	99
+ Stock-Based Compensation	72	74	85	96	54	58	60	70	72	83	110	125	111	129	128
+ Deferred Income Taxes	38	-158	-4	-192	70	3	102	-16	-255	29	14	8	-56	-64	-130
+ Asset Impairment Charge	- -	- -	- -	- -	3	29	- -	21	- -	99	2	- -	277	19	15
+ Other Non-Cash Adj	109	34	54	79	46	25	31	15	25	9	-70	86	45	38	86
+ Chg in Non-Cash Work Cap	-224	-176	-89	-185	-315	-30	-200	471	-130	-326	-102	-478	-116	83	-131
+ (Inc) Dec in Accts Receiv	11	19	14	-119	-24	-33	-81	-65	-106	-107	-128	-321	132	7	-149
+ (Inc) Dec in Inventories	-208	-52	-100	-99	-24	-7	-61	-83	-36	-68	-136	-248	-33	34	-97
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-35	-31	-27	50	-26	-15	2	40	29	2	64	121	-171	103	16
+ Inc (Dec) in Other	8	-112	24	-17	-241	25	-60	579	-17	-153	98	-30	-44	-61	99
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,260	1,228	1,152	731	512	793	889	1,087	1,021	921	1,485	1,312	1,772	1,751	1,559
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	18	- -	2	14	12	- -	- -	1	- -	1	1	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	18	- -	2	14	12	- -	- -	1	- -	1	1	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-188	-194	-195	-205	-98	-139	-176	-177	-156	-119	-189	-291	-298	-378	-407
+ Acq of Fixed Prod Assets	-188	-194	-195	-205	-98	-139	-176	-177	-155	-119	-188	-291	-298	-378	-407
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	-1	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-193	-72	-900	-200	-267	-434	-194	-422	-723	-469	-788	-1,139	-575	-1,150	-425
+ Increase in Capital Stock	304	100	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-497	-172	-900	-200	-267	-434	-194	-422	-723	-469	-788	-1,139	-575	-1,150	-425
+ Net Change in LT Investment	16	5	-13	1	- -	-79	-1	-11	-23	-20	-10	9	-3	-5	8
+ Dec in LT Investment	16	5	12	1	- -	1	- -	- -	- -	- -	12	22	5	- -	8
+ Inc in LT Investment	- -	- -	-25	- -	- -	-80	-1	-11	-23	-20	-22	-13	-8	-5	- -
+ Net Cash From Acq & Div	-97	-2,257	-42	-36	-72	-264	-126	-516	-1,408	- -	-547	-52	-1	-862	4
+ Cash from Divestitures	1	- -	- -	2	3	- -	2	- -	- -	- -	- -	- -	50	- -	4
+ Cash for Acq of Subs	-98	-2,257	-42	-38	-75	-264	-128	-516	-1,408	- -	-547	-52	-51	-862	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	1,545	80	- -	-4	-242	244	-1	-2	-3	-9	-4	-4	-8	-13	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	1,294	-2,366	-248	-230	-400	-238	-304	-705	-1,590	-147	-749	-338	-310	-1,258	-394
+ Dividends Paid	- -	-104	-156	-176	-133	-150	-170	-191	-206	-222	-236	-250	-265	-274	-282
+ Net Cash From Debt	-3,000	147	347	12	- -	-30	-180	-210	600	-45	356	26	- -	597	1
+ Cash From Debt	- -	399	597	1,186	- -	554	400	483	1,302	1,717	2,495	1,895	- -	1,197	4
+ Repayments of Debt	-3,000	-252	-250	-1,174	- -	-584	-580	-693	-702	-1,762	-2,139	-1,869	- -	-600	-3
+ Other Financing Activities	1,500	-8	155	247	-689	346	342	26	30	19	-28	-9	-90	75	-9
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1,693	-37	-554	-117	-1,089	-268	-202	-797	-299	-717	-696	-1,372	-930	-752	-715
Effect of Foreign Exchange Rates	17	-1	-26	-31	-48	-1	8	-17	2	2	3	-36	5	-2	9
Net Changes in Cash	861	-1,175	350	384	-977	287	383	-415	-868	57	40	-398	532	-259	450
EBITDA	1,324	1,420	758	803	775	861	1,019	1,114	1,179	1,154	1,668	1,935	1,621	1,745	1,767
EBITDA Margin (%)	20.02	20.71	19.47	19.84	19.19	20.49	22.79	22.67	22.84	21.61	26.4	28.26	23.72	26.8	25.43
Free Cash Flow	1,072	1,034	957	526	414	654	713	910	865	802	1,296	1,021	1,474	1,373	1,152
Net Cash Paid for Acquisitions	97	2,257	42	36	72	264	126	516	1,408	- -	547	52	1	862	-4
Free Cash Flow to Firm	1,156	- -	1,039	- -	474	715	780	935	- -	869	1,368	1,091	1,562	1,454	1,254
Free Cash Flow to Equity	-1,910	1,181	1,306	552	426	624	533	701	1,466	758	1,654	1,047	1,474	1,970	1,153
Free Cash Flow per Basic Share	3.09	2.97	2.81	1.58	1.24	2.01	2.21	2.83	2.75	2.6	4.26	3.41	5.01	4.73	4.06
Price/Free Cash Flow	6.5	6.39	9.3	14.27	20.74	15.38	20.82	16.66	20.47	30.63	28.88	25.89	14.78	17.81	21.22
Cash Flow to Net Income	1.25	1.07	1.57	1.33	1.28	1.72	1.3	3.44	0.95	1.28	1.23	1.05	1.43	1.36	1.2
Capital Expenditures	-188	-194	-195	-205	-98	-139	-176	-177	-156	-119	-189	-291	-298	-378	-407