Automatic Data Processing, Inc.

ADP

ADPAutomatic Data Processing, Inc. US flag

NASDAQ Global Select

222.00

USD

-1.22

- -

88.74BMarket Cap

Income Statement (USD)

MCP API Chat

	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
As of date	06/30/2011	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025

Sales/Revenue/Turnover	9,833	10,595	9,442	10,226	10,938	11,668	12,372	13,274	14,110	14,590	15,005	16,498	18,012	19,203	20,561
+ Sales & Services Revenue	9,833	10,595	9,442	10,226	10,938	11,668	12,372	13,274	14,110	14,590	15,005	16,498	18,012	19,203	20,561
- Cost of Revenue	5,708	6,204	5,574	6,041	6,428	6,840	7,244	7,757	8,022	8,445	8,640	9,462	9,953	10,477	11,097
+ Cost of Goods & Services	5,708	6,204	5,574	6,041	6,428	6,840	7,244	7,757	8,022	8,445	8,640	9,462	9,953	10,477	11,097
Gross Profit	4,125	4,392	3,868	4,185	4,511	4,828	5,128	5,517	6,089	6,145	6,365	7,036	8,059	8,726	9,464
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	2,315	2,453	2,200	2,370	2,497	2,637	2,774	2,959	3,064	3,003	3,040	3,233	3,551	3,779	4,052
+ Selling, General & Admin	2,315	2,453	2,200	2,370	2,497	2,637	2,774	2,959	3,064	3,003	3,040	3,233	3,551	3,779	4,052
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	1,810	1,939	1,668	1,815	2,014	2,190	2,354	2,557	3,024	3,142	3,325	3,803	4,507	4,947	5,412
- Non-Operating (Income) Loss	-108	-163	-43	-64	-57	-44	-263	275	19	-41	-37	-1	70	75	102
+ Interest Expense, Net	-80	-78	-55	-48	-50	-6	3	19	32	23	23	41	104	120	136
+ Interest Expense	9	8	9	6	6	56	80	103	130	107	60	82	253	361	456
- Interest Income	89	85	64	54	57	62	77	84	98	84	36	41	150	241	320
+ Other Non-Op (Income) Loss	-28	-86	13	-16	-6	-38	-266	256	-14	-64	-60	-42	-34	-45	-35
Pretax Income	1,918	2,102	1,710	1,879	2,071	2,235	2,617	2,283	3,006	3,183	3,361	3,804	4,438	4,872	5,310
- Income Tax Expense (Benefit)	673	726	588	637	694	741	829	398	713	716	763	855	1,026	1,120	1,230
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,245	1,375	1,122	1,243	1,376	1,493	1,788	1,885	2,293	2,466	2,598	2,949	3,412	3,752	4,080
- Net Extraordinary Losses (Gains)	-9	-13	-284	-273	-76	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	9	13	284	273	76	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-18	-27	-567	-547	-152	2	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1,254	1,388	1,406	1,516	1,452	1,492	1,788	1,885	2,293	2,466	2,598	2,949	3,412	3,752	4,080
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1,254	1,388	1,406	1,516	1,452	1,492	1,788	1,885	2,293	2,466	2,598	2,949	3,412	3,752	4,080
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,254	1,388	1,406	1,516	1,452	1,492	1,788	1,885	2,293	2,466	2,598	2,949	3,412	3,752	4,080
EBIT	1,810	1,939	1,668	1,815	2,014	2,190	2,354	2,557	3,024	3,142	3,325	3,803	4,507	4,947	5,412
EBITDA	2,125	2,258	1,919	2,082	2,292	2,479	2,670	2,935	3,433	3,622	3,835	4,318	5,057	5,509	5,994
EBITDA Margin (%)	21.61	21.31	20.32	20.36	20.95	21.25	21.58	22.11	24.33	24.82	25.56	26.17	28.07	28.69	29.15
EBITA	1,810	1,939	1,668	1,815	2,014	2,190	2,354	2,557	3,024	3,142	3,325	3,803	4,507	4,947	5,412
Gross Margin (%)	41.95	41.45	40.96	40.93	41.24	41.37	41.44	41.56	43.15	42.12	42.42	42.65	44.74	45.44	46.03
Operating Margin (%)	18.41	18.3	17.66	17.75	18.41	18.77	19.02	19.27	21.43	21.53	22.16	23.05	25.02	25.76	26.32
Profit Margin (%)	12.76	13.1	14.89	14.82	13.28	12.79	14.45	14.2	16.25	16.91	17.32	17.87	18.94	19.54	19.84
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.4	1.52	1.67	1.84	1.96	2.06	2.22	2.41	2.97	3.41	3.7	3.96	4.6	5.32	5.89
Depreciation Expense	315	319	251	267	278	289	316	378	409	480	511	515	549	562	582
Basic Weighted Avg Shares	494	487	483	479	473	457	448	441	435	431	426	419	414	411	407
Basic EPS, GAAP	2.54	2.85	2.91	3.17	3.07	3.27	3.99	4.28	5.27	5.73	6.1	7.04	8.25	9.14	10.02
Basic EPS from Cont Ops	2.52	2.82	2.32	2.59	2.91	3.27	3.99	4.28	5.27	5.73	6.1	7.04	8.25	9.14	10.02
Diluted Weighted Avg Shares	498	492	487	483	476	459	450	443	438	433	428	421	416	412	409
Diluted EPS, GAAP	2.52	2.82	2.89	3.14	3.05	3.25	3.97	4.25	5.24	5.7	6.07	7	8.21	9.1	9.98
Diluted EPS from Cont Ops	2.5	2.79	2.3	2.57	2.89	3.25	3.97	4.25	5.24	5.7	6.07	7	8.21	9.1	9.98

Balance Sheet (USD)

MCP API Chat

	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
As of date	06/30/2011	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025

Total Current Assets	28,584	25,273	26,214	27,493	28,809	39,500	32,659	31,823	34,342	31,564	40,742	54,805	42,171	45,542	43,252
+ Cash, Cash Equivalents & STI	1,426	1,578	1,727	3,616	1,666	3,215	2,780	2,170	1,960	1,908	2,575	1,483	2,098	3,297	7,847
+ Cash & Cash Equivalents	1,389	1,548	1,699	1,584	1,639	3,191	2,780	2,170	1,949	1,908	2,575	1,436	2,084	2,913	3,348
+ ST Investments	36	30	28	2,032	27	24	- -	- -	10	- -	- -	47	15	384	4,499
+ Accounts & Notes Receiv	1,365	1,392	1,595	1,499	1,547	1,743	1,704	1,984	2,439	2,441	2,727	3,171	3,010	3,428	3,579
+ Accounts Receivable, Net	1,288	1,315	1,516	1,415	1,547	1,743	1,704	1,984	2,439	2,441	2,727	3,171	3,010	3,428	3,579
+ Notes Receivable, Net	76	77	79	84	17	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	-17	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	25,793	22,302	22,892	22,378	25,596	34,543	28,175	27,669	29,943	27,214	35,439	50,151	37,063	38,817	31,826
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	5,655	5,545	6,054	4,567	4,301	4,170	4,521	7,026	7,545	7,601	8,031	8,263	8,800	8,820	10,117
+ Property, Plant & Equip, Net	716	706	729	667	673	685	780	794	764	1,198	1,147	1,104	1,084	1,056	1,030
+ Property, Plant & Equip	1,952	1,956	2,041	1,719	1,776	1,841	2,031	2,136	2,182	2,722	2,707	2,733	2,841	2,874	2,952
- Accumulated Depreciation	1,236	1,250	1,312	1,052	1,104	1,156	1,252	1,343	1,418	1,525	1,560	1,629	1,758	1,818	1,922
+ LT Investments & Receivables	98	87	314	54	29	8	- -	- -	- -	- -	- -	122	105	- -	- -
+ LT Investments	98	87	314	54	29	8	- -	- -	- -	- -	- -	122	105	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	4,841	4,752	5,011	3,846	3,600	3,477	3,741	6,232	6,781	6,404	6,884	7,038	7,612	7,764	9,088
+ Total Intangible Assets	3,789	3,750	3,682	2,374	2,297	2,216	2,361	3,130	3,394	3,525	3,548	3,634	3,683	3,690	4,876
+ Goodwill	3,074	3,062	3,039	1,884	1,794	1,682	1,741	2,244	2,323	2,309	2,338	2,300	2,339	2,354	3,274
+ Other Intangible Assets	716	688	643	491	503	534	620	886	1,072	1,216	1,210	1,333	1,344	1,336	1,603
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1,051	1,001	1,329	1,471	1,303	1,261	1,380	3,102	3,387	2,879	3,336	3,404	3,929	4,074	4,211
Total Assets	34,238	30,817	32,268	32,060	33,110	43,670	37,180	38,849	41,888	39,166	48,772	63,068	50,971	54,363	53,369
+ Payables & Accruals	1,845	2,055	2,212	2,193	2,235	2,282	2,394	2,694	3,000	3,067	3,464	3,549	3,935	4,991	4,864
+ Accounts Payable	153	167	156	152	194	152	150	135	126	102	141	110	97	101	169
+ Accrued Taxes	29	39	39	20	27	28	49	44	55	40	58	38	44	15	9
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1,663	1,848	2,016	2,021	2,013	2,102	2,195	2,514	2,820	2,925	3,264	3,400	3,794	4,875	4,686
+ ST Debt	- -	- -	246	2,173	- -	- -	- -	- -	262	1,002	24	136	105	385	4,770
+ ST Borrowings	- -	- -	246	2,173	- -	- -	- -	- -	262	1,002	24	136	105	385	4,770
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	24,942	21,198	22,275	19,802	24,879	33,565	27,422	27,719	29,365	26,058	34,608	51,474	38,727	39,704	31,644
+ Deferred Revenue	351	313	315	237	229	233	233	226	221	212	204	188	189	200	263
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	24,591	20,885	21,960	19,565	24,650	33,332	27,189	27,494	29,144	25,845	34,404	51,286	38,539	39,504	31,382
Total Current Liabilities	26,787	23,253	24,733	24,168	27,114	35,847	29,816	30,413	32,628	30,127	38,095	55,159	42,768	45,080	41,278
+ LT Debt	34	17	15	12	9	2,008	2,002	2,002	2,002	1,347	3,328	3,358	3,339	3,320	4,296
+ LT Borrowings	34	17	15	12	9	2,008	2,002	2,002	2,002	1,003	2,985	2,987	2,989	2,991	3,975
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	344	343	371	350	329	321
+ Other LT Liabilities	1,407	1,434	1,331	1,210	1,179	1,333	1,385	1,698	1,858	1,940	1,679	1,326	1,355	1,415	1,607
+ Accrued Liabilities	851	848	728	591	535	632	554	970	1,059	1,102	845	402	422	424	549
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	556	586	603	619	644	701	830	728	799	837	834	924	934	991	1,058
Total Noncurrent Liabilities	1,441	1,451	1,345	1,222	1,188	3,341	3,387	3,700	3,860	3,287	5,008	4,684	4,694	4,735	5,903
Total Liabilities	28,228	24,703	26,078	25,390	28,302	39,188	33,203	34,113	36,488	33,413	43,102	59,843	47,462	49,815	47,181
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	553	550	521	609	727	832	932	1,079	1,247	1,398	1,595	1,858	2,166	2,471	2,852
+ Common Stock	64	64	64	64	64	64	64	64	64	64	64	64	64	64	64
+ Additional Paid in Capital	490	486	457	545	663	768	868	1,015	1,183	1,334	1,531	1,794	2,102	2,407	2,788
- Treasury Stock	6,714	7,105	7,367	7,750	9,118	10,139	11,304	12,210	13,090	14,067	15,387	17,335	18,469	19,737	21,021
+ Retained Earnings	11,804	12,438	13,020	13,633	13,460	14,003	14,728	16,547	17,501	18,436	19,451	20,696	22,118	23,622	25,241
+ Other Equity	367	230	15	178	-261	-215	-379	-680	-257	-15	11	-1,994	-2,306	-1,808	-883
Equity Before Minority Interest	6,010	6,114	6,190	6,670	4,808	4,482	3,977	4,736	5,400	5,752	5,670	3,225	3,509	4,548	6,188
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	6,010	6,114	6,190	6,670	4,808	4,482	3,977	4,736	5,400	5,752	5,670	3,225	3,509	4,548	6,188
Total Liabilities & Equity	34,238	30,817	32,268	32,060	33,110	43,670	37,180	38,849	41,888	39,166	48,772	63,068	50,971	54,363	53,369
Shares Outstanding	491	484	483	480	466	456	445	439	434	430	424	416	412	408	405
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	344	343	371	350	329	321
Net Debt	-1,355	-1,531	-1,438	600	-1,630	-1,183	-778	-168	315	96	433	1,687	1,011	463	5,396
Net Debt to Equity	-22.55	-25.05	-23.24	9	-33.9	-26.41	-19.56	-3.54	5.83	1.67	7.64	52.31	28.81	10.19	87.21
Tangible Common Equity Ratio	7.29	8.73	8.77	14.47	8.15	5.46	4.64	4.5	5.21	6.25	4.69	-0.69	-0.37	1.69	2.7
Current Ratio	1.07	1.09	1.06	1.14	1.06	1.1	1.1	1.05	1.05	1.05	1.07	0.99	0.99	1.01	1.05
Cash Conversion Cycle	33.46	35.41	44.12	42.98	39.57	42.2	43.23	43.99	51.28	56.13	57.73	60.4	58.82	57.75	57.76

Cash Flow Statement (USD)

MCP API Chat

	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
As of date	06/30/2011	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025

+ Net Income	1,254	1,388	1,369	1,516	1,452	1,492	1,788	1,885	2,293	2,466	2,598	2,949	3,412	3,752	4,080
+ Depreciation & Amortization	315	319	251	267	278	289	316	378	409	480	511	515	549	562	582
+ Non-Cash Items	299	159	240	138	396	245	994	1,294	1,192	1,200	922	1,274	1,185	1,261	1,423
+ Stock-Based Compensation	90	94	82	117	143	138	139	175	167	131	175	202	220	244	266
+ Deferred Income Taxes	105	36	34	-38	-15	1	41	-152	9	26	-251	37	-80	-37	37
+ Asset Impairment Charge	12	8	43	- -	- -	- -	- -	- -	12	30	20	3	44	55	53
+ Other Non-Cash Adj	92	21	82	59	268	107	814	1,271	1,004	1,013	977	1,033	1,001	1,000	1,067
+ Chg in Non-Cash Work Cap	-167	31	-353	-144	-149	-129	-972	-1,042	-1,206	-1,120	-937	-1,638	-939	-1,417	-1,146
+ (Inc) Dec in Accts Receiv	-137	-42	-184	-171	-175	-225	23	-292	-474	-114	-340	-486	129	-484	-147
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	53	145	105	273	135	205	144	109	255	-96	432	107	290	495	351
+ Inc (Dec) in Other	-82	-72	-274	-246	-109	-109	-1,139	-858	-987	-910	-1,029	-1,258	-1,357	-1,428	-1,350
+ Net Cash From Disc Ops	5	12	70	44	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,706	1,910	1,577	1,821	1,974	1,897	2,126	2,515	2,688	3,026	3,093	3,100	4,208	4,158	4,940
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	13	72	10	- -	24	16	- -	- -	8	29	19	34	- -	28	11
+ Disp of Fixed Prod Assets	13	72	10	- -	24	16	- -	- -	8	29	19	34	- -	28	11
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-96	-110	-105	-144	-177	-218	-230	-265	-404	-444	-327	-379	-365	-355	-378
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	-96	-110	-105	-144	-177	-218	-230	-265	-404	-444	-327	-379	-365	-355	-378
+ Cash (Repurchase) of Equity	-733	-741	-647	-667	-1,557	-1,156	-1,260	-989	-938	-1,006	-1,372	-1,969	-1,121	-1,232	-1,280
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-733	-741	-647	-667	-1,557	-1,156	-1,260	-989	-938	-1,006	-1,372	-1,969	-1,121	-1,232	-1,280
+ Net Change in LT Investment	-1,466	-1,151	-1,264	-1,355	-1,207	-661	-789	-1,422	-1,514	3,743	-3,028	-6,484	-1,913	-796	-1,319
+ Dec in LT Investment	3,305	3,962	3,639	2,060	3,841	5,215	3,594	3,455	2,909	7,648	6,238	4,250	4,706	6,040	6,539
+ Inc in LT Investment	-4,771	-5,114	-4,903	-3,415	-5,048	-5,876	-4,383	-4,877	-4,423	-3,905	-9,266	-10,733	-6,619	-6,835	-7,858
+ Net Cash From Acq & Div	-776	-266	119	24	90	162	147	-612	-126	- -	- -	-12	-32	-34	-1,165
+ Cash from Divestitures	- -	- -	161	24	99	162	234	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-776	-266	-42	- -	-8	- -	-87	-612	-126	- -	- -	-12	-32	-34	-1,165
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-5,016	4,698	-339	2,288	-2,491	-168	-240	-206	-162	-173	-179	-174	-206	-233	-184
+ Net Cash From Disc Ops	- -	- -	-48	-90	-17	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-7,341	3,244	-1,578	813	-3,760	-869	-1,113	-2,505	-2,198	3,156	-3,515	-7,014	-2,517	-1,389	-3,035
+ Dividends Paid	-692	-740	-806	-883	-928	-944	-995	-1,064	-1,293	-1,470	-1,576	-1,659	-1,904	-2,183	-2,399
+ Net Cash From Debt	6,285	-2	-18	2,170	-2,175	1,997	-2	-7	-2	-2	980	-1	-1	-1	5,749
+ Cash From Debt	6,291	- -	- -	2,173	- -	1,998	- -	- -	- -	- -	1,982	- -	- -	- -	6,750
+ Repayments of Debt	-6	-2	-18	-3	-2,175	-2	-2	-7	-2	-2	-1,002	-1	-1	-1	-1,001
+ Other Financing Activities	479	-3,471	1,621	-2,978	6,208	8,855	-6,025	404	2,025	-3,412	8,406	17,283	-12,655	1,984	-9,043
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	5,339	-4,954	151	-2,358	1,548	8,753	-8,282	-1,656	-208	-5,891	6,438	13,653	-15,681	-1,432	-6,973
Effect of Foreign Exchange Rates	42	-41	1	8	-106	-9	-8	6	-29	-34	74	-99	-21	-22	37
Net Changes in Cash	-296	200	150	276	-238	9,781	-7,269	-1,645	283	292	6,016	9,738	-13,990	1,337	-5,069
EBITDA	2,125	2,258	1,919	2,082	2,292	2,479	2,670	2,935	3,433	3,622	3,835	4,318	5,057	5,509	5,994
EBITDA Margin (%)	21.61	21.31	20.32	20.36	20.95	21.25	21.58	22.11	24.33	24.82	25.56	26.17	28.07	28.69	29.15
Free Cash Flow	1,610	1,801	1,472	1,678	1,797	1,680	1,896	2,250	2,284	2,582	2,766	2,720	3,842	3,803	4,561
Net Cash Paid for Acquisitions	776	266	-119	-24	-90	-162	-147	612	126	- -	- -	12	32	34	1,165
Free Cash Flow to Firm	1,616	1,806	1,478	1,682	1,802	1,717	1,950	2,335	2,383	2,666	2,812	2,784	4,037	4,081	4,912
Free Cash Flow to Equity	8,004	1,980	1,570	3,992	-178	3,910	2,124	2,508	2,694	3,053	4,092	3,133	4,207	4,185	10,699
Free Cash Flow per Basic Share	3.26	3.7	3.05	3.5	3.8	3.68	4.23	5.11	5.25	5.99	6.49	6.5	9.29	9.26	11.2
Price/Free Cash Flow	12.78	11.9	17.49	17.1	17.75	19.94	19.58	21.39	23.39	18.57	24.86	25.43	19.98	21.8	23.7
Cash Flow to Net Income	1.36	1.38	1.12	1.2	1.36	1.27	1.19	1.33	1.17	1.23	1.19	1.05	1.23	1.11	1.21
Capital Expenditures	-96	-110	-105	-144	-177	-218	-230	-265	-404	-444	-327	-379	-365	-355	-378