AGCO Corporation

AGCO

AGCOAGCO Corporation US flag

New York Stock Exchange

112.49

USD

+1.46

- -

8.15BMarket 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	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	8,773	9,962	10,787	9,724	7,467	7,410	8,306	9,352	9,041	9,150	11,138	12,651	14,412	11,662	10,082
+ Sales & Services Revenue	8,773	9,962	10,787	9,724	7,467	7,410	8,306	9,352	9,041	9,150	11,138	12,651	14,412	11,662	10,082
- Cost of Revenue	6,997	7,839	8,396	7,657	5,907	5,895	6,541	7,355	7,057	7,092	8,566	9,650	10,635	8,763	7,515
+ Cost of Goods & Services	6,997	7,839	8,396	7,657	5,907	5,895	6,541	7,355	7,057	7,092	8,566	9,650	10,635	8,763	7,515
Gross Profit	1,776	2,123	2,391	2,066	1,561	1,516	1,765	1,997	1,984	2,058	2,572	3,001	3,777	2,899	2,567
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,166	1,408	1,490	1,373	1,177	1,213	1,345	1,489	1,445	1,404	1,556	1,694	2,061	1,972	1,868
+ Selling, General & Admin	869	1,041	1,089	995	852	865	965	1,069	1,040	1,002	1,089	1,190	1,454	1,398	1,309
+ Research & Development	276	317	353	337	282	298	323	355	343	343	406	444	549	493	488
+ Other Operating Expense	22	49	48	41	43	51	57	65	61	60	61	60	58	81	71
Operating Income (Loss)	610	716	901	693	383	302	420	507	540	654	1,017	1,308	1,716	927	699
- Non-Operating (Income) Loss	49	115	98	154	104	97	136	147	278	92	72	200	383	1,361	97
+ Interest Expense, Net	30	58	58	58	45	52	45	54	20	15	7	13	5	93	66
+ Interest Expense	59	78	79	72	64	65	54	62	29	25	25	46	69	159	123
- Interest Income	29	20	21	14	19	13	9	8	9	10	19	33	64	66	57
+ Other Non-Op (Income) Loss	18	57	40	96	59	45	91	93	258	77	66	187	378	1,268	30
Pretax Income	561	601	803	539	279	205	284	360	261	562	944	1,107	1,334	-434	602
- Income Tax Expense (Benefit)	25	138	258	188	72	92	134	111	181	188	108	297	230	98	-77
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	585	516	592	404	264	160	189	284	123	420	902	875	1,171	-486	719
- Net Extraordinary Losses (Gains)	4	-11	-10	-12	-5	- -	6	-4	-5	-15	9	-30	- -	-122	-15
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	4	-11	-10	-12	-5	- -	6	-4	-5	-15	9	-30	- -	-122	-15
Income (Loss) Incl. MI	581	528	602	417	269	160	184	287	128	434	892	904	1,172	-364	734
- Minority Interest	-2	6	5	6	2	- -	-3	2	2	7	-4	15	- -	61	8
Net Income, GAAP	583	522	597	410	266	160	186	286	125	427	897	890	1,171	-425	726
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	583	522	597	410	266	160	186	286	125	427	897	890	1,171	-425	726
EBIT	610	716	901	693	383	302	420	507	540	654	1,017	1,308	1,716	927	699
EBITDA	783	946	1,160	973	644	577	700	797	812	926	1,298	1,577	2,004	1,260	1,026
EBITDA Margin (%)	8.93	9.49	10.75	10.01	8.62	7.78	8.43	8.53	8.98	10.12	11.66	12.47	13.91	10.8	10.18
EBITA	610	716	901	693	383	302	420	507	540	654	1,017	1,308	1,716	927	699
Gross Margin (%)	20.24	21.31	22.16	21.25	20.9	20.45	21.25	21.35	21.95	22.49	23.09	23.72	26.21	24.86	25.46
Operating Margin (%)	6.95	7.18	8.35	7.13	5.13	4.08	5.06	5.43	5.97	7.15	9.13	10.33	11.91	7.95	6.93
Profit Margin (%)	6.65	5.24	5.54	4.22	3.57	2.16	2.24	3.05	1.38	4.67	8.05	7.03	8.13	-3.64	7.21
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	0.4	0.44	0.48	0.52	0.56	0.6	0.63	0.64	4.77	5.42	6.11	3.66	1.16
Depreciation Expense	174	230	259	280	260	275	280	290	272	272	282	270	288	332	328
Basic Weighted Avg Shares	96	97	97	93	87	81	80	79	76	75	75	75	75	75	74
Basic EPS, GAAP	6.1	5.38	6.14	4.39	3.06	1.97	2.34	3.62	1.64	5.69	11.93	11.92	15.66	-5.69	9.76
Basic EPS from Cont Ops	6.12	5.32	6.09	4.33	3.03	1.97	2.38	3.6	1.61	5.6	11.99	11.73	15.66	-6.51	9.66
Diluted Weighted Avg Shares	98	99	99	94	87	82	80	80	77	76	76	75	75	75	74
Diluted EPS, GAAP	5.95	5.3	6.01	4.36	3.06	1.96	2.32	3.58	1.63	5.65	11.85	11.88	15.64	-5.69	9.75
Diluted EPS from Cont Ops	5.97	5.24	5.96	4.29	3.03	1.96	2.36	3.56	1.59	5.55	11.91	11.68	15.64	-6.5	9.65

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	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	3,663	3,955	4,517	3,311	2,898	3,166	3,628	3,537	3,729	4,368	5,014	5,739	6,341	5,138	5,196
+ Cash, Cash Equivalents & STI	724	781	1,047	364	427	430	368	326	430	1,112	882	788	595	612	861
+ Cash & Cash Equivalents	724	781	1,047	364	427	430	368	326	430	1,112	882	788	595	612	861
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	970	925	941	964	837	890	1,019	880	800	856	992	1,221	1,605	1,267	1,079
+ Accounts Receivable, Net	970	925	941	964	837	890	1,019	880	800	856	992	1,221	1,605	1,267	1,079
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	1,560	1,703	2,016	1,751	1,423	1,515	1,873	1,909	2,079	1,974	2,594	3,190	3,441	2,731	2,709
+ Raw Materials	932	967	1,131	1,004	803	812	1,010	1,031	1,085	1,158	1,593	1,825	1,725	1,373	1,457
+ Work In Process	128	138	109	130	98	114	179	218	213	175	283	370	255	170	182
+ Finished Goods	500	598	776	617	523	589	684	660	780	641	718	995	1,461	1,188	1,071
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	408	546	513	232	211	331	368	422	420	426	547	541	700	527	546
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3,594	3,767	3,922	4,058	3,599	4,003	4,344	4,089	4,031	4,136	4,168	4,364	5,080	6,053	6,732
+ Property, Plant & Equip, Net	1,223	1,406	1,602	1,530	1,347	1,361	1,485	1,373	1,604	1,674	1,619	1,755	2,097	1,988	2,164
+ Property, Plant & Equip	2,249	2,580	2,965	2,970	2,830	3,036	3,462	3,435	3,813	4,152	4,044	4,198	4,762	4,432	5,032
- Accumulated Depreciation	1,026	1,174	1,362	1,439	1,483	1,675	1,976	2,062	2,210	2,478	2,426	2,443	2,665	2,444	2,869
+ LT Investments & Receivables	346	390	416	424	393	415	409	400	380	443	414	437	513	520	610
+ LT Investments	346	390	416	424	393	415	409	400	380	443	414	437	513	520	610
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2,026	1,971	1,903	2,104	1,859	2,226	2,450	2,316	2,047	2,020	2,136	2,172	2,471	3,546	3,958
+ Total Intangible Assets	1,861	1,800	1,744	1,747	1,622	1,984	2,190	2,069	1,800	1,762	1,673	1,675	1,642	2,549	2,572
+ Goodwill	1,194	1,192	1,179	1,193	1,114	1,376	1,541	1,496	1,298	1,306	1,281	1,311	1,333	1,820	1,899
+ Other Intangible Assets	666	607	566	554	508	607	649	573	502	456	392	364	309	729	673
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	164	171	159	357	237	243	259	247	247	257	463	497	828	996	1,386
Total Assets	7,257	7,722	8,439	7,369	6,498	7,168	7,972	7,626	7,760	8,504	9,182	10,104	11,421	11,191	11,928
+ Payables & Accruals	1,266	1,237	1,314	971	880	1,019	1,279	1,256	1,366	1,428	1,723	2,090	2,023	1,478	1,570
+ Accounts Payable	937	888	960	670	626	723	918	866	915	855	1,078	1,385	1,207	813	951
+ Accrued Taxes	139	169	167	108	87	114	135	138	170	250	282	345	401	240	250
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	190	180	186	192	167	183	226	252	281	323	362	360	414	425	369
+ ST Debt	60	251	312	94	306	85	95	211	153	360	93	196	15	415	118
+ ST Borrowings	60	251	312	94	306	85	95	211	153	360	93	196	15	415	118
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	880	976	1,187	1,152	999	1,040	1,276	1,300	1,365	1,575	1,638	1,802	2,306	1,933	2,042
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	880	976	1,187	1,152	999	1,040	1,276	1,300	1,365	1,575	1,638	1,802	2,306	1,933	2,042
Total Current Liabilities	2,206	2,465	2,812	2,217	2,185	2,145	2,651	2,767	2,884	3,363	3,455	4,088	4,344	3,826	3,729
+ LT Debt	1,410	1,036	938	998	925	1,610	1,618	1,275	1,340	1,383	1,527	1,390	1,512	2,361	2,445
+ LT Borrowings	1,410	1,036	938	998	925	1,610	1,618	1,275	1,192	1,257	1,411	1,265	1,377	2,233	2,323
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	149	126	116	125	134	128	122
+ Other LT Liabilities	611	740	644	657	504	576	608	591	628	741	757	743	909	961	1,181
+ Accrued Liabilities	192	243	251	212	86	112	130	116	107	112	117	112	123	125	126
+ Pension Liabilities	299	332	246	269	234	270	247	223	232	253	209	158	170	156	169
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	120	166	146	177	184	194	230	251	289	375	431	473	616	680	885
Total Noncurrent Liabilities	2,020	1,776	1,582	1,655	1,429	2,186	2,226	1,866	1,968	2,123	2,284	2,133	2,421	3,322	3,626
Total Liabilities	4,226	4,240	4,394	3,872	3,614	4,331	4,876	4,633	4,853	5,486	5,738	6,221	6,764	7,148	7,355
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1,074	1,084	1,119	583	302	104	137	11	6	32	5	31	5	1	1
+ Common Stock	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	1,073	1,083	1,118	582	302	103	137	10	5	31	4	30	4	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	2,322	2,844	3,402	3,772	3,996	4,114	4,254	4,477	4,444	4,759	5,182	5,655	6,360	5,645	6,047
+ Other Equity	-401	-479	-511	-906	-1,460	-1,442	-1,362	-1,555	-1,595	-1,811	-1,771	-1,803	-1,708	-1,903	-1,775
Equity Before Minority Interest	2,995	3,448	4,010	3,448	2,838	2,776	3,030	2,933	2,854	2,980	3,416	3,882	4,657	3,743	4,274
+ Minority/Non Controlling Interest	36	33	35	48	45	61	66	61	53	38	28	- -	- -	300	299
Total Equity	3,031	3,482	4,045	3,497	2,883	2,837	3,095	2,994	2,907	3,018	3,444	3,883	4,657	4,043	4,573
Total Liabilities & Equity	7,257	7,722	8,439	7,369	6,498	7,168	7,972	7,626	7,760	8,504	9,182	10,104	11,421	11,191	11,928
Shares Outstanding	97	97	97	89	84	79	80	77	75	75	74	75	75	74	73
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	149	126	116	125	134	128	122
Net Debt	745	506	203	728	805	1,266	1,346	1,160	916	505	622	673	797	2,036	1,580
Net Debt to Equity	24.59	14.52	5.02	20.82	27.91	44.61	43.48	38.74	31.5	16.72	18.06	17.34	17.12	50.37	34.55
Tangible Common Equity Ratio	21.69	28.4	34.36	31.13	25.87	16.46	15.65	16.64	18.57	18.63	23.58	26.19	30.83	17.28	21.39
Current Ratio	1.66	1.6	1.61	1.49	1.33	1.48	1.37	1.28	1.29	1.3	1.45	1.4	1.46	1.34	1.39
Cash Conversion Cycle	52.68	68.94	73.66	85.26	99.69	92.4	93.09	86.87	92.08	91.11	89.18	97.41	106.11	127.72	131.64

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	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	585	516	592	404	264	160	189	284	123	420	902	875	1,171	-486	719
+ Depreciation & Amortization	174	230	259	280	260	275	280	290	272	272	282	270	288	332	328
+ Non-Cash Items	-112	10	50	-27	-32	28	68	56	240	10	-72	-13	-244	814	-554
+ Stock-Based Compensation	24	37	35	-11	12	18	38	46	41	38	27	34	46	18	28
+ Deferred Income Taxes	-128	-36	22	4	-27	2	-14	-15	15	3	-118	-58	-264	-103	-366
+ Asset Impairment Charge	- -	22	- -	- -	- -	- -	- -	- -	177	20	- -	36	4	370	10
+ Other Non-Cash Adj	-9	-13	-6	-20	-17	8	44	24	7	-51	19	-25	-30	529	-226
+ Chg in Non-Cash Work Cap	80	-90	-105	-219	32	-94	40	-33	61	195	-451	-294	-113	30	496
+ (Inc) Dec in Accts Receiv	5	41	-36	-104	4	-4	-35	63	64	-90	-208	-306	-444	59	231
+ (Inc) Dec in Inventories	-221	-161	-357	111	118	-33	-196	-214	-216	120	-763	-668	-164	309	238
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	346	93	178	-291	2	110	272	137	150	126	533	605	375	-415	-71
+ Inc (Dec) in Other	-51	-62	110	64	-92	-166	-2	-19	64	39	-14	76	121	77	98
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	726	666	797	438	524	370	578	596	696	896	660	838	1,103	690	988
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	2	1	3	3	2	2	4	3	5	2	6	3	12	2	2
+ Disp of Fixed Prod Assets	2	1	3	3	2	2	4	3	5	2	6	3	12	2	2
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-300	-340	-392	-302	-211	-201	-204	-203	-273	-270	-270	-388	-518	-393	-248
+ Acq of Fixed Prod Assets	-300	-340	-392	-302	-211	-201	-204	-203	-273	-270	-270	-388	-518	-393	-248
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	-18	-1	-500	-288	-212	- -	-184	-130	-55	-135	- -	-53	-22	-250
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	-18	-1	-500	-288	-212	- -	-184	-130	-55	-135	- -	-53	-22	-250
+ Net Change in LT Investment	-38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	23	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	23	- -
+ Inc in LT Investment	-38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-1,061	-39	-20	-134	-29	-400	-294	-6	- -	26	-23	-111	-10	-1,273	-2
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	29	- -	- -	- -	631	- -
+ Cash for Acq of Subs	-1,061	-39	-20	-134	-29	-400	-294	-6	- -	-3	-23	-111	-10	-1,904	-2
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	35	4	- -	- -	-2	- -	- -	- -	-3	- -	-2	- -	-30	-9	219
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1,364	-375	-409	-433	-241	-598	-494	-206	-272	-242	-288	-497	-546	-1,650	-28
+ Dividends Paid	- -	- -	-39	-41	-42	-42	-44	-47	-48	-48	-358	-404	-457	-273	-86
+ Net Cash From Debt	690	-222	-58	-101	182	496	-126	-176	-108	150	-4	33	-129	1,362	-380
+ Cash From Debt	1,677	926	1,136	1,689	1,952	3,118	3,514	5,258	2,083	1,196	2,498	410	330	1,876	57
+ Repayments of Debt	-987	-1,149	-1,194	-1,790	-1,770	-2,622	-3,640	-5,434	-2,191	-1,046	-2,501	-378	-459	-513	-437
+ Other Financing Activities	-19	-2	-9	-21	-6	-4	-6	-6	-27	-24	-42	-36	-32	-22	-13
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	671	-242	-107	-662	-153	236	-177	-413	-313	23	-540	-407	-672	1,046	-729
Effect of Foreign Exchange Rates	-29	7	-16	-27	-67	-5	31	-19	-4	9	-62	-34	-80	-68	18
Net Changes in Cash	33	50	282	-656	130	8	-93	-23	111	678	-168	-66	-114	85	231
EBITDA	783	946	1,160	973	644	577	700	797	812	926	1,298	1,577	2,004	1,260	1,026
EBITDA Margin (%)	8.93	9.49	10.75	10.01	8.62	7.78	8.43	8.53	8.98	10.12	11.66	12.47	13.91	10.8	10.18
Free Cash Flow	426	326	405	137	313	168	374	393	422	627	390	450	585	297	740
Net Cash Paid for Acquisitions	1,061	39	20	134	29	400	294	6	- -	-26	23	111	10	1,273	2
Free Cash Flow to Firm	482	386	459	184	360	204	403	435	431	643	413	484	642	- -	- -
Free Cash Flow to Equity	1,116	104	350	39	497	666	252	220	319	778	393	486	468	1,661	362
Free Cash Flow per Basic Share	4.45	3.36	4.16	1.47	3.6	2.07	4.7	4.98	5.54	8.35	5.19	6.03	7.82	3.98	9.95
Price/Free Cash Flow	4.11	4.81	4.95	5.75	5.37	8.29	7.33	5.55	6.14	6.68	9.44	8.47	5.61	6.45	6.29
Cash Flow to Net Income	1.24	1.28	1.33	1.07	1.97	2.31	3.1	2.09	5.56	2.1	0.74	0.94	0.94	-1.62	1.36
Capital Expenditures	-300	-340	-392	-302	-211	-201	-204	-203	-273	-270	-270	-388	-518	-393	-248