American Electric Power Company, Inc.

AEP

AEPAmerican Electric Power Company, Inc. US flag

NASDAQ Global Select

126.31

USD

-0.80

- -

68.73BMarket 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	15,116	14,945	14,814	16,379	16,453	16,380	15,425	16,196	15,561	14,918	16,792	19,640	18,982	19,721	21,876
+ Sales & Services Revenue	15,116	14,945	14,814	16,379	16,453	16,380	15,425	16,196	15,561	14,918	16,792	19,640	18,982	19,721	21,876
- Cost of Revenue	6,848	6,395	6,722	7,686	7,434	6,972	6,457	7,034	6,320	5,380	6,588	8,347	7,854	7,261	8,530
+ Cost of Goods & Services	6,848	6,395	6,722	7,686	7,434	6,972	6,457	7,034	6,320	5,380	6,588	8,347	7,854	7,261	8,530
Gross Profit	8,268	8,550	8,091	8,693	9,020	9,408	8,968	9,162	9,241	9,538	10,204	11,292	11,128	12,460	13,346
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	5,347	5,594	5,042	5,566	5,686	5,976	5,582	6,408	6,493	6,551	6,781	7,514	7,393	8,013	7,961
+ Selling, General & Admin	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	5,347	5,594	5,042	5,566	5,686	5,976	5,582	6,408	6,493	6,551	6,781	7,514	7,393	8,013	7,961
Operating Income (Loss)	2,921	2,956	3,049	3,127	3,334	3,432	3,386	2,753	2,749	2,988	3,423	3,778	3,735	4,447	5,385
- Non-Operating (Income) Loss	554	1,134	956	724	711	2,956	570	780	914	842	911	1,358	1,526	1,604	1,661
+ Interest Expense, Net	906	980	832	861	866	861	879	973	1,072	1,166	1,199	1,396	1,807	1,863	2,026
+ Interest Expense	933	988	890	868	874	877	895	984	1,072	1,166	1,199	1,396	1,807	1,863	2,026
- Interest Income	27	8	58	7	8	16	16	12	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-352	154	124	-136	-155	2,095	-310	-193	-159	-324	-288	-38	-281	-259	-365
Pretax Income	2,367	1,822	2,093	2,403	2,623	476	2,816	1,974	1,835	2,146	2,512	2,420	2,209	2,843	3,724
- Income Tax Expense (Benefit)	818	604	678	903	920	-74	970	115	-13	40	116	5	55	-39	129
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,576	1,262	1,474	1,590	1,769	620	1,929	1,931	1,920	2,197	2,488	2,306	2,213	2,976	3,696
- Net Extraordinary Losses (Gains)	-367	6	-3	-39	-273	17	33	15	-3	-7	- -	-3	10	18	232
+ Discontinued Operations	- -	- -	10	48	284	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-367	6	-13	-87	-557	19	33	15	-3	-7	- -	-3	10	18	232
Income (Loss) Incl. MI	1,943	1,256	1,477	1,630	2,042	604	1,896	1,916	1,922	2,204	2,488	2,309	2,203	2,958	3,464
- Minority Interest	-3	-3	-4	-4	-5	-7	-16	-8	1	3	- -	2	-5	-9	-116
Net Income, GAAP	1,946	1,259	1,480	1,634	2,047	611	1,913	1,924	1,921	2,200	2,488	2,307	2,208	2,967	3,580
- Preferred Dividends	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,941	1,259	1,480	1,634	2,047	611	1,913	1,924	1,921	2,200	2,488	2,307	2,208	2,967	3,580
EBIT	2,921	2,956	3,049	3,127	3,334	3,432	3,386	2,753	2,749	2,988	3,423	3,778	3,735	4,447	5,385
EBITDA	4,713	4,874	4,892	5,169	5,488	5,523	5,512	5,154	5,489	5,894	6,469	7,064	6,922	7,840	8,874
EBITDA Margin (%)	31.18	32.61	33.02	31.56	33.36	33.72	35.73	31.82	35.27	39.51	38.53	35.97	36.47	39.75	40.57
EBITA	2,921	2,956	3,049	3,127	3,334	3,432	3,386	2,753	2,749	2,988	3,423	3,778	3,735	4,447	5,385
Gross Margin (%)	54.7	57.21	54.62	53.07	54.82	57.44	58.14	56.57	59.39	63.94	60.77	57.5	58.62	63.18	61.01
Operating Margin (%)	19.32	19.78	20.58	19.09	20.26	20.95	21.95	17	17.66	20.03	20.38	19.24	19.68	22.55	24.62
Profit Margin (%)	12.87	8.42	9.99	9.98	12.44	3.73	12.4	11.88	12.35	14.75	14.82	11.75	11.63	15.04	16.36
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.87	1.89	1.96	2.04	2.16	2.28	2.42	2.55	2.73	2.87	3.04	3.21	3.38	3.58	3.76
Depreciation Expense	1,792	1,918	1,843	2,042	2,155	2,091	2,126	2,400	2,740	2,907	3,046	3,286	3,187	3,393	3,489
Basic Weighted Avg Shares	482	485	487	489	490	491	492	493	494	496	501	512	519	530	535
Basic EPS, GAAP	4.03	2.6	3.04	3.34	4.17	1.24	3.89	3.9	3.89	4.44	4.97	4.51	4.26	5.6	6.7
Basic EPS from Cont Ops	3.27	2.6	3.03	3.26	3.61	1.26	3.92	3.92	3.89	4.43	4.97	4.5	4.26	5.61	6.91
Diluted Weighted Avg Shares	482	485	487	489	491	492	493	494	495	497	502	513	520	531	537
Diluted EPS, GAAP	4.02	2.6	3.04	3.34	4.17	1.24	3.88	3.9	3.88	4.42	4.96	4.49	4.24	5.58	6.66
Diluted EPS from Cont Ops	3.27	2.6	3.03	3.25	3.61	1.26	3.92	3.91	3.88	4.42	4.96	4.49	4.25	5.6	6.88

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	4,182	4,589	4,310	4,478	4,072	6,034	4,253	4,114	4,078	4,352	7,809	6,776	6,082	5,789	6,052
+ Cash, Cash Equivalents & STI	515	603	471	548	563	349	376	393	450	594	624	697	544	418	417
+ Cash & Cash Equivalents	221	279	118	162	176	210	215	234	247	393	403	509	330	203	197
+ ST Investments	294	324	353	386	387	139	162	159	203	201	220	188	214	215	220
+ Accounts & Notes Receiv	1,834	1,871	1,860	1,835	1,640	1,917	1,891	1,926	1,791	2,028	2,063	2,767	2,604	2,670	2,952
+ Accounts Receivable, Net	690	685	746	637	616	705	644	699	625	614	721	1,145	1,030	1,100	1,166
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1,144	1,186	1,114	1,198	1,025	1,212	1,247	1,228	1,166	1,414	1,342	1,622	1,574	1,570	1,786
+ Inventories	1,292	1,519	1,423	1,317	1,339	967	953	921	1,169	1,310	989	1,350	1,880	1,715	1,622
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	1,292	1,519	1,423	1,317	1,339	967	953	921	1,169	1,310	989	1,350	1,880	1,715	1,622
+ Other ST Assets	541	596	556	778	529	2,801	1,033	873	668	420	4,133	1,961	1,055	986	1,061
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	48,041	49,778	52,104	55,066	57,611	57,434	60,476	64,689	71,814	76,406	79,860	86,628	90,602	97,289	108,408
+ Property, Plant & Equip, Net	36,971	38,763	40,997	43,635	46,133	45,639	50,262	55,099	61,096	64,768	66,580	73,985	77,314	82,996	93,035
+ Property, Plant & Equip	55,670	57,454	60,285	63,606	65,481	62,037	67,428	73,085	80,103	85,179	87,385	97,667	101,867	109,182	121,240
- Accumulated Depreciation	18,699	18,691	19,288	19,971	19,348	16,397	17,167	17,986	19,008	20,411	20,805	23,682	24,553	26,186	28,205
+ LT Investments & Receivables	3,219	3,823	4,305	4,168	3,856	3,742	3,739	3,396	3,834	3,964	4,420	3,787	4,196	4,949	5,849
+ LT Investments	3,219	3,823	4,305	4,168	3,856	3,742	3,739	3,396	3,834	3,964	4,420	3,787	4,196	4,949	5,849
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	7,851	7,192	6,802	7,263	7,621	8,052	6,476	6,194	6,885	7,674	8,860	8,856	9,092	9,344	9,524
+ Total Intangible Assets	76	91	91	52	52	52	52	52	52	52	52	52	52	53	53
+ Goodwill	76	91	91	52	52	52	52	52	52	52	52	52	52	53	53
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	7,775	7,101	6,711	7,211	7,569	8,000	6,423	6,142	6,833	7,622	8,808	8,804	9,039	9,291	9,471
Total Assets	52,223	54,367	56,414	59,545	61,683	63,468	64,729	68,803	75,892	80,757	87,669	93,403	96,684	103,078	114,460
+ Payables & Accruals	2,091	2,185	2,333	2,360	2,624	2,964	3,415	3,324	3,687	3,454	3,914	4,722	4,243	5,013	5,975
+ Accounts Payable	1,095	1,169	1,266	1,258	1,418	1,688	2,065	1,874	2,086	1,710	2,055	2,671	2,032	2,638	3,429
+ Accrued Taxes	717	747	822	864	979	1,048	1,116	1,218	1,358	1,476	1,586	1,715	1,800	1,922	2,002
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	279	269	245	238	227	227	234	232	244	268	273	336	410	453	544
+ ST Debt	3,083	3,152	2,306	3,846	2,632	4,591	3,392	3,608	4,671	4,807	4,865	6,712	5,436	5,951	4,802
+ ST Borrowings	3,083	3,152	2,306	3,846	2,632	4,591	3,392	3,608	4,437	4,565	4,768	6,599	5,321	5,859	4,702
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	234	241	98	114	116	92	100
+ Other ST Liabilities	1,437	1,486	1,473	1,760	1,853	1,943	1,464	1,716	1,941	1,666	3,647	1,832	1,904	2,045	2,537
+ Deferred Revenue	289	316	299	324	347	343	357	412	366	336	322	409	424	455	507
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1,148	1,170	1,174	1,436	1,506	1,600	1,107	1,304	1,575	1,331	3,326	1,423	1,481	1,590	2,030
Total Current Liabilities	6,611	6,823	6,112	7,967	7,108	9,498	8,271	8,649	10,299	9,927	12,427	13,266	11,584	13,009	13,314
+ LT Debt	15,083	15,586	16,828	16,012	17,741	17,378	19,420	21,648	25,861	29,625	31,794	34,867	38,172	39,812	44,706
+ LT Borrowings	15,083	15,586	16,828	16,012	17,741	17,378	19,420	21,648	25,127	28,986	31,301	34,315	37,653	39,308	44,128
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	735	638	493	552	519	504	578
+ Other LT Liabilities	15,864	16,721	17,388	18,742	18,929	19,171	18,725	19,446	19,819	20,431	20,768	21,148	21,642	23,271	24,222
+ Accrued Liabilities	8,227	9,252	10,300	10,892	11,733	11,884	6,814	7,086	7,588	8,241	8,202	8,897	9,416	9,972	10,951
+ Pension Liabilities	1,801	1,075	415	630	583	614	398	377	466	336	328	257	242	361	232
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	5,836	6,394	6,673	7,220	6,612	6,673	11,513	11,983	11,764	11,854	12,237	11,993	11,985	12,938	13,039
Total Noncurrent Liabilities	30,947	32,307	34,216	34,754	36,670	36,550	38,144	41,095	45,680	50,056	52,562	56,015	59,814	63,083	68,928
Total Liabilities	37,558	39,130	40,328	42,720	43,778	46,048	46,416	49,743	55,979	59,983	64,988	69,281	71,398	76,092	82,242
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	9,244	9,338	9,434	9,517	9,620	9,661	9,728	9,824	9,879	9,948	10,581	11,464	12,502	13,078	15,661
+ Common Stock	3,274	3,289	3,303	3,313	3,324	3,328	3,329	3,337	3,343	3,359	3,409	3,413	3,428	3,472	3,523
+ Additional Paid in Capital	5,970	6,049	6,131	6,203	6,296	6,333	6,399	6,486	6,536	6,589	7,173	8,051	9,074	9,606	12,138
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	5,890	6,236	6,766	7,407	8,398	7,892	8,627	9,325	9,901	10,688	11,667	12,346	12,800	13,869	15,441
+ Other Equity	-470	-337	-115	-103	-127	-156	-68	-120	-148	-85	185	84	-56	-3	36
Equity Before Minority Interest	14,664	15,237	16,085	16,820	17,892	17,397	18,287	19,028	19,632	20,551	22,433	23,893	25,247	26,944	31,138
+ Minority/Non Controlling Interest	1	- -	1	4	13	23	27	31	281	224	247	229	39	42	1,080
Total Equity	14,665	15,237	16,086	16,824	17,905	17,420	18,314	19,059	19,913	20,774	22,680	24,122	25,286	26,986	32,218
Total Liabilities & Equity	52,223	54,367	56,414	59,545	61,683	63,468	64,729	68,803	75,892	80,757	87,669	93,403	96,684	103,078	114,460
Shares Outstanding	483	486	488	489	491	492	492	493	494	497	504	514	526	533	541
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	969	880	590	666	635	596	678
Net Debt	17,945	18,459	19,016	19,696	20,196	21,759	22,597	25,023	29,317	33,159	35,665	40,404	42,643	44,964	48,633
Net Debt to Equity	122.37	121.15	118.21	117.07	112.8	124.91	123.39	131.29	147.22	159.61	157.25	167.49	168.64	166.62	150.95
Tangible Common Equity Ratio	27.98	27.91	28.4	28.19	28.97	27.39	28.23	27.65	26.19	25.68	25.83	25.78	26.11	26.14	28.11
Current Ratio	0.63	0.67	0.71	0.56	0.57	0.64	0.51	0.48	0.4	0.44	0.63	0.51	0.53	0.44	0.45
Cash Conversion Cycle	43.91	34.62	30.44	19.69	13.6	-10.8	-36.08	-38.92	-34.14	-26.21	-31.42	-30.54	-6.43	-10.06	-40.94

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	1,949	1,262	1,474	1,590	1,769	620	1,929	1,931	1,920	2,197	2,488	2,306	2,213	2,976	3,696
+ Depreciation & Amortization	1,792	1,918	1,843	2,042	2,155	2,091	2,126	2,400	2,740	2,907	3,046	3,286	3,187	3,393	3,489
+ Non-Cash Items	-451	676	504	787	603	1,783	377	375	-399	-762	-1,931	-66	317	-75	-582
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	779	617	676	827	756	-69	872	45	-92	153	40	-178	144	13	269
+ Asset Impairment Charge	139	300	226	- -	- -	2,268	87	71	156	- -	12	237	86	143	66
+ Other Non-Cash Adj	-1,369	-241	-398	-40	-153	-415	-582	259	-464	-915	-1,982	-124	87	-231	-917
+ Chg in Non-Cash Work Cap	498	-52	275	183	222	27	-162	517	10	-509	236	-238	-705	510	341
+ (Inc) Dec in Accts Receiv	107	-16	23	-60	200	-227	28	146	248	-129	-120	-682	236	-156	-246
+ (Inc) Dec in Inventories	176	-224	119	101	-39	60	18	21	-248	-143	300	-314	-504	172	115
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	149	114	180	-74	137	208	34	190	145	-15	419	595	-231	325	284
+ Inc (Dec) in Other	66	74	-47	217	-76	-14	-242	160	-135	-221	-364	163	-206	169	188
+ Net Cash From Disc Ops	- -	- -	10	11	70	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	3,788	3,804	4,106	4,614	4,818	4,519	4,270	5,223	4,270	3,833	3,840	5,288	5,012	6,804	6,944
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-106	-107	-154	-116	-92	-128	-108	-46	-92	-70	-104	-101	-128	-140	-130
+ Acq of Fixed Prod Assets	-106	-107	-154	-116	-92	-128	-108	-46	-92	-70	-104	-101	-128	-140	-130
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	92	83	83	74	82	34	12	74	65	155	600	826	1,000	552	775
+ Increase in Capital Stock	92	83	83	74	82	34	12	74	65	155	600	826	1,000	552	775
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	66	-86	-80	-87	-64	-45	-58	-58	-82	-34	-54	-40	-69	-45	-46
+ Dec in LT Investment	1,387	988	858	1,032	2,218	2,958	2,256	2,010	1,494	1,644	1,901	2,744	2,795	2,878	2,935
+ Inc in LT Investment	-1,321	-1,074	-939	-1,119	-2,283	-3,002	-2,315	-2,068	-1,576	-1,679	-1,955	-2,784	-2,864	-2,923	-2,981
+ Net Cash From Acq & Div	-214	- -	- -	-65	-5	-108	- -	- -	-918	- -	-767	-1,207	-155	-285	-3,453
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	114	- -
+ Cash for Acq of Subs	-214	- -	- -	-65	-5	-108	- -	- -	-918	- -	-767	-1,207	-155	-399	-3,453
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-2,636	-3,198	-3,584	-4,138	-3,862	-4,766	-3,490	-6,250	-6,052	-6,130	-5,508	-6,403	-5,915	-7,126	-8,310
+ Net Cash From Disc Ops	- -	- -	- -	- -	549	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-2,890	-3,391	-3,818	-4,406	-4,024	-5,047	-3,656	-6,354	-7,144	-6,234	-6,434	-7,752	-6,267	-7,596	-11,939
+ Dividends Paid	-900	-916	-954	-998	-1,059	-1,121	-1,192	-1,256	-1,350	-1,425	-1,520	-1,645	-1,752	-1,898	-2,008
+ Net Cash From Debt	-104	473	334	767	394	1,606	624	2,370	4,173	3,866	3,568	3,493	1,917	2,061	3,545
+ Cash From Debt	2,560	2,881	3,224	2,656	3,437	3,508	3,854	5,423	5,465	7,023	7,880	7,134	6,533	5,841	8,581
+ Repayments of Debt	-2,664	-2,408	-2,890	-1,889	-3,043	-1,902	-3,230	-3,053	-1,292	-3,157	-4,312	-3,641	-4,616	-3,780	-5,036
+ Other Financing Activities	-59	5	88	-6	-206	-16	-50	-26	-26	-189	-42	-105	-88	-56	2,705
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-971	-355	-449	-162	-789	504	-605	1,162	2,863	2,407	2,607	2,569	1,077	659	5,017
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-73	58	-161	45	5	-23	9	32	-12	6	13	105	-178	-133	22
EBITDA	4,713	4,874	4,892	5,169	5,488	5,523	5,512	5,154	5,489	5,894	6,469	7,064	6,922	7,840	8,874
EBITDA Margin (%)	31.18	32.61	33.02	31.56	33.36	33.72	35.73	31.82	35.27	39.51	38.53	35.97	36.47	39.75	40.57
Free Cash Flow	3,682	3,697	3,952	4,497	4,726	4,391	4,162	5,177	4,178	3,763	3,735	5,187	4,884	6,664	6,814
Net Cash Paid for Acquisitions	214	- -	- -	65	5	108	- -	- -	918	- -	767	1,207	155	285	3,453
Free Cash Flow to Firm	4,293	4,357	4,554	5,039	5,294	- -	4,749	6,104	- -	4,907	4,879	6,580	6,646	- -	8,770
Free Cash Flow to Equity	3,573	4,170	4,286	5,265	5,120	5,997	4,787	7,547	8,351	7,629	7,303	8,680	6,801	8,725	10,359
Free Cash Flow per Basic Share	7.64	7.63	8.12	9.2	9.64	8.93	8.46	10.51	8.46	7.59	7.46	10.13	9.41	12.57	12.75
Price/Free Cash Flow	5.12	5.29	5.34	6.28	5.82	6.66	8.28	7	10.73	10.61	11.32	9.05	8.22	7.06	8.76
Cash Flow to Net Income	1.95	3.02	2.77	2.82	2.35	7.4	2.23	2.72	2.22	1.74	1.54	2.29	2.27	2.29	1.94
Capital Expenditures	-106	-107	-154	-116	-92	-128	-108	-46	-92	-70	-104	-101	-128	-140	-130