Affiliated Managers Group, Inc.

AMG

AMGAffiliated Managers Group, Inc. US flag

New York Stock Exchange

310.52

USD

+8.07

- -

8.20BMarket 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	1,705	1,806	2,189	2,511	2,484	2,195	2,305	2,378	2,240	2,028	2,412	2,330	2,058	2,041	2,074
+ Sales & Services Revenue	1,705	1,806	2,189	2,511	2,484	2,195	2,305	2,378	2,240	2,028	2,412	2,330	2,058	2,041	2,074
- Cost of Revenue	719	785	948	1,030	1,028	932	979	987	943	884	1,047	1,072	908	915	1,020
+ Cost of Goods & Services	719	785	948	1,030	1,028	932	979	987	943	884	1,047	1,072	908	915	1,020
Gross Profit	986	1,021	1,241	1,480	1,457	1,262	1,326	1,391	1,297	1,144	1,365	1,258	1,150	1,126	1,055
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	500	620	607	665	622	571	538	624	543	481	399	453	420	419	579
+ Selling, General & Admin	351	367	427	486	444	398	373	418	377	321	347	386	358	376	409
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	149	254	180	180	178	173	165	206	166	160	52	67	61	42	171
Operating Income (Loss)	486	400	634	815	835	691	788	767	754	663	966	805	731	707	475
- Non-Operating (Income) Loss	33	-95	-230	-198	-256	-284	-279	53	446	154	-175	-941	-361	-216	-711
+ Interest Expense, Net	101	57	119	107	49	92	88	81	76	92	111	114	124	133	136
+ Interest Expense	101	83	119	107	89	92	88	81	76	92	111	114	124	133	136
- Interest Income	- -	26	- -	- -	40	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-68	-152	-349	-305	-304	-375	-367	-27	370	62	-287	-1,056	-484	-350	-848
Pretax Income	453	495	864	1,014	1,091	975	1,067	714	308	508	1,141	1,746	1,091	923	1,186
- Income Tax Expense (Benefit)	93	84	194	246	263	236	58	181	3	81	251	358	185	183	282
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	360	411	670	767	827	739	1,009	532	305	427	890	1,388	906	741	904
- Net Extraordinary Losses (Gains)	389	475	618	667	635	532	638	577	579	450	649	484	466	458	375
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	389	475	618	667	635	532	638	577	579	450	649	484	466	458	375
Income (Loss) Incl. MI	-30	-63	51	100	192	207	370	-45	-274	-23	241	904	440	283	529
- Minority Interest	-195	-237	-309	-334	-318	-266	-319	-289	-289	-225	-324	-242	-233	-229	-187
Net Income, GAAP	165	174	360	434	510	473	690	244	16	202	566	1,146	673	512	717
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	165	174	360	434	510	473	690	244	16	202	566	1,146	673	512	717
EBIT	486	400	634	815	835	691	788	767	754	663	966	805	731	707	475
EBITDA	599	614	776	954	969	821	895	904	920	822	1,018	873	792	749	646
EBITDA Margin (%)	35.12	34.03	35.47	38.01	39.01	37.4	38.82	38	41.07	40.56	42.21	37.46	38.49	36.7	31.14
EBITA	486	400	634	815	835	691	788	767	754	663	966	805	731	707	475
Gross Margin (%)	57.84	56.54	56.71	58.96	58.64	57.51	57.53	58.49	57.89	56.41	56.6	54	55.9	55.15	50.84
Operating Margin (%)	28.51	22.18	28.97	32.47	33.61	31.49	34.2	32.25	33.67	32.69	40.04	34.56	35.51	34.63	22.91
Profit Margin (%)	9.67	9.64	16.47	17.28	20.51	21.54	29.91	10.24	0.7	9.97	23.45	49.19	32.7	25.07	34.54
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	0.8	1.2	1.29	0.36	0.04	0.04	0.04	0.05	0.04
Depreciation Expense	113	214	142	139	134	130	107	137	166	160	52	67	61	42	171
Basic Weighted Avg Shares	52	52	53	55	54	54	56	54	50	46	42	38	35	31	28
Basic EPS, GAAP	3.18	3.37	6.79	7.89	9.38	8.72	12.31	4.54	0.31	4.35	13.63	29.76	19.17	16.45	25.14
Basic EPS from Cont Ops	6.94	7.96	12.61	13.95	15.23	13.63	18.01	9.93	6.04	9.18	21.45	36.05	25.81	23.81	31.72
Diluted Weighted Avg Shares	53	53	57	58	57	57	59	54	51	47	45	49	42	36	33
Diluted EPS, GAAP	3.11	3.28	6.36	7.43	8.91	8.29	11.77	4.53	0.31	4.33	12.63	23.39	15.95	14.17	21.72
Diluted EPS from Cont Ops	6.78	7.76	11.81	13.14	14.46	12.96	17.21	9.89	6.03	9.14	19.87	28.33	21.47	20.52	27.39

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	876	870	1,046	1,149	1,155	936	951	1,085	1,016	1,536	1,406	1,462	1,643	1,416	1,167
+ Cash, Cash Equivalents & STI	550	559	628	723	764	553	517	685	599	1,115	987	1,146	1,275	1,007	671
+ Cash & Cash Equivalents	450	430	470	551	564	431	440	566	540	1,040	908	429	814	950	586
+ ST Investments	100	129	158	173	200	122	78	119	59	75	78	717	461	57	85
+ Accounts & Notes Receiv	249	311	418	426	391	383	434	401	417	422	419	316	368	410	496
+ Accounts Receivable, Net	215	311	418	426	391	383	434	401	417	422	419	316	368	410	496
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	34	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	77	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	4,342	5,317	5,273	6,549	6,614	7,813	7,751	7,134	6,637	6,353	7,470	7,419	7,417	7,415	8,040
+ Property, Plant & Equip, Net	69	82	92	95	114	110	111	104	92	80	74	68	67	58	54
+ Property, Plant & Equip	152	169	180	199	231	234	247	251	251	255	239	230	213	214	213
- Accumulated Depreciation	83	88	88	104	117	124	136	146	159	176	165	161	146	156	159
+ LT Investments & Receivables	616	1,187	1,288	1,951	2,086	3,516	3,470	2,992	2,407	2,332	2,510	2,561	2,769	2,786	3,497
+ LT Investments	616	1,187	1,288	1,951	2,086	3,516	3,470	2,992	2,407	2,332	2,510	2,561	2,769	2,786	3,497
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	3,658	4,049	3,893	4,503	4,414	4,187	4,170	4,037	4,138	3,941	4,887	4,789	4,580	4,571	4,489
+ Total Intangible Assets	3,438	3,941	3,802	4,431	4,355	4,126	4,112	3,943	3,834	3,710	4,656	4,525	4,336	4,283	4,170
+ Goodwill	2,117	2,355	2,342	2,653	2,668	2,628	2,662	2,633	2,652	2,661	2,689	2,649	2,524	2,505	2,531
+ Other Intangible Assets	1,321	1,586	1,461	1,778	1,686	1,497	1,450	1,310	1,182	1,049	1,966	1,876	1,812	1,778	1,639
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	219	108	91	72	59	61	58	94	304	231	231	265	244	289	318
Total Assets	5,219	6,187	6,319	7,698	7,769	8,749	8,702	8,219	7,654	7,889	8,876	8,881	9,060	8,831	9,207
+ Payables & Accruals	281	224	303	317	274	311	335	283	213	312	244	400	319	317	477
+ Accounts Payable	90	60	24	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	14	73	60	68	88	93	43	- -	- -	50	224	62	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	191	151	207	257	206	223	242	240	213	312	194	175	257	317	477
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	780	450	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	780	450	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	136	139	211	491	455	418	472	-316	-28	400	546	379	309	322	330
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	136	139	211	491	455	418	472	-316	-28	400	546	379	309	322	330
Total Current Liabilities	418	363	515	808	729	729	807	747	635	712	789	778	628	639	807
+ LT Debt	686	1,631	1,384	1,895	1,879	2,110	1,855	1,830	1,794	2,312	2,490	2,535	2,538	2,620	2,691
+ LT Borrowings	686	1,631	1,384	1,895	1,879	2,110	1,855	1,830	1,794	2,312	2,490	2,535	2,538	2,620	2,691
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	1,164	674	634	706	779	810	650	674	809	876	1,212	926	930	923	1,287
+ Accrued Liabilities	506	497	457	492	566	661	467	512	450	423	503	465	464	520	533
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	658	177	177	214	213	149	182	163	359	452	709	462	466	402	754
Total Noncurrent Liabilities	1,850	2,305	2,018	2,601	2,658	2,920	2,504	2,504	2,603	3,188	3,703	3,462	3,468	3,543	3,978
Total Liabilities	2,268	2,668	2,532	3,409	3,388	3,649	3,312	3,250	3,238	3,900	4,492	4,240	4,096	4,182	4,785
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	928	869	480	673	696	1,074	809	836	708	730	652	696	742	734	617
+ Common Stock	- -	- -	- -	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	928	868	480	672	695	1,074	809	836	707	729	652	696	741	733	616
- Treasury Stock	289	215	131	241	422	386	664	1,147	1,481	1,857	2,347	2,981	3,376	4,125	4,887
+ Retained Earnings	1,177	1,351	1,711	2,163	2,582	3,054	3,698	3,877	3,820	4,006	4,570	5,718	6,390	6,900	7,615
+ Other Equity	50	79	74	32	-18	-123	-22	-109	-109	-98	-88	-203	-168	-164	-107
Equity Before Minority Interest	1,866	2,084	2,134	2,627	2,837	3,620	3,822	3,457	2,938	2,780	2,786	3,230	3,588	3,345	3,238
+ Minority/Non Controlling Interest	1,085	1,435	1,652	1,662	1,544	1,480	1,568	1,511	1,478	1,209	1,598	1,411	1,376	1,303	1,184
Total Equity	2,951	3,519	3,786	4,289	4,382	5,100	5,390	4,969	4,416	3,989	4,384	4,641	4,964	4,649	4,422
Total Liabilities & Equity	5,219	6,187	6,319	7,698	7,769	8,749	8,702	8,219	7,654	7,889	8,876	8,881	9,060	8,831	9,207
Shares Outstanding	54	52	53	55	54	57	55	52	48	44	40	36	33	30	27
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	236	1,200	914	1,344	1,316	1,679	1,415	2,044	1,704	1,272	1,582	2,106	1,724	1,670	2,105
Net Debt to Equity	8	34.11	24.14	31.35	30.03	32.92	26.25	41.13	38.59	31.9	36.08	45.38	34.73	35.93	47.61
Tangible Common Equity Ratio	-27.35	-18.78	-0.63	-4.36	0.78	21.08	27.85	23.98	15.24	6.67	-6.42	2.67	13.28	8.05	5
Current Ratio	2.1	2.4	2.03	1.42	1.58	1.28	1.18	1.45	1.6	2.16	1.78	1.88	2.61	2.22	1.45
Cash Conversion Cycle	19.83	18.37	44.83	57.2	60.02	64.41	64.69	64.03	66.63	75.49	63.61	57.6	60.7	69.58	79.7

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	360	411	670	767	827	739	1,009	532	305	427	890	1,388	906	741	904
+ Depreciation & Amortization	113	214	142	139	134	130	107	137	166	160	52	67	61	42	171
+ Non-Cash Items	201	54	82	321	223	138	64	476	582	413	197	-539	136	206	-155
+ Stock-Based Compensation	52	69	84	114	103	80	90	101	90	119	127	114	112	112	203
+ Deferred Income Taxes	35	11	28	81	101	59	-124	52	-56	27	91	32	31	61	84
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	113	-27	-30	126	19	-2	97	323	547	267	-21	-685	-8	34	-442
+ Chg in Non-Cash Work Cap	35	-46	63	210	29	44	-9	-4	-123	10	120	138	-229	-57	54
+ (Inc) Dec in Accts Receiv	23	-42	-102	26	54	30	-54	14	-16	1	32	87	-48	-44	-50
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-2	-4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	11	- -	178	190	-32	20	52	-7	-56	-64	64	10	-189	-19	132
+ Inc (Dec) in Other	3	- -	-13	-6	7	-6	-8	-12	-51	73	24	42	9	7	-28
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	708	633	957	1,437	1,213	1,050	1,170	1,141	929	1,009	1,259	1,055	874	932	973
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-16	-20	-24	-19	-38	-20	-18	-19	-10	-8	-8	-11	-12	-3	-6
+ Acq of Fixed Prod Assets	-16	-20	-24	-19	-38	-20	-18	-19	-10	-8	-8	-11	-12	-3	-6
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-33	12	32	-149	-356	432	-309	-486	-492	-630	-628	-760	-396	-810	-877
+ Increase in Capital Stock	28	73	48	41	58	466	42	10	10	20	118	15	13	6	6
+ Decrease in Capital Stock	-61	-61	-16	-191	-414	-33	-351	-496	-502	-650	-746	-775	-409	-816	-883
+ Net Change in LT Investment	-38	15	- -	-4	11	49	63	8	30	-1	-17	-32	277	388	162
+ Dec in LT Investment	11	34	11	17	25	65	100	49	73	47	56	280	1,008	898	266
+ Inc in LT Investment	-49	-19	-11	-21	-14	-16	-37	-41	-43	-48	-74	-312	-731	-510	-104
+ Net Cash From Acq & Div	-13	-797	-26	-1,245	-298	-1,361	-31	-7	-45	-44	-558	-67	- -	-5	-362
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	118	- -	4	224	294	1	414
+ Cash for Acq of Subs	-13	-797	-26	-1,245	-298	-1,361	-31	-7	-162	-44	-563	-291	-295	-6	-776
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-68	-802	-50	-1,268	-324	-1,332	14	-18	-24	-54	-584	-110	264	379	-206
+ Dividends Paid	- -	- -	- -	- -	- -	- -	-45	-64	-65	-17	-2	-2	-2	-1	-1
+ Net Cash From Debt	-210	415	-441	726	-3	225	-260	-31	-39	525	167	-61	- -	98	73
+ Cash From Debt	360	970	760	1,746	1,253	1,350	545	1,150	471	875	200	- -	25	848	899
+ Repayments of Debt	-570	-555	-1,201	-1,021	-1,256	-1,125	-805	-1,181	-510	-350	-33	-61	-25	-750	-826
+ Other Financing Activities	-261	-281	-460	-654	-499	-456	-575	-402	-338	-333	-336	-580	-361	-462	-344
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-504	146	-869	-78	-858	201	-1,190	-983	-935	-455	-798	-1,403	-758	-1,176	-1,149
Effect of Foreign Exchange Rates	-1	4	2	-10	-18	-50	14	-10	9	2	-1	-23	7	-4	12
Net Changes in Cash	137	-23	38	91	31	-81	-6	139	-30	500	-123	-458	380	135	-382
EBITDA	599	614	776	954	969	821	895	904	920	822	1,018	873	792	749	646
EBITDA Margin (%)	35.12	34.03	35.47	38.01	39.01	37.4	38.82	38	41.07	40.56	42.21	37.46	38.49	36.7	31.14
Free Cash Flow	692	613	933	1,418	1,175	1,030	1,152	1,122	920	1,001	1,251	1,043	862	929	967
Net Cash Paid for Acquisitions	13	797	26	1,245	298	1,361	31	7	45	44	558	67	- -	5	362
Free Cash Flow to Firm	773	682	1,025	1,498	1,242	1,100	1,235	1,182	995	1,078	1,338	1,134	965	1,036	1,071
Free Cash Flow to Equity	482	1,028	492	2,144	1,172	1,255	892	1,091	880	1,526	1,418	982	862	1,026	1,040
Free Cash Flow per Basic Share	13.37	11.86	17.57	25.78	21.64	19.01	20.57	20.93	18.21	21.52	30.14	27.1	24.56	29.86	33.93
Price/Free Cash Flow	7.02	10.56	12.53	8.51	7.3	7.74	10.12	4.52	4.57	4.67	5.81	7.28	7.21	7.14	9.71
Cash Flow to Net Income	4.3	3.64	2.65	3.31	2.38	2.22	1.7	4.68	59.18	4.99	2.23	0.92	1.3	1.82	1.36
Capital Expenditures	-16	-20	-24	-19	-38	-20	-18	-19	-10	-8	-8	-11	-12	-3	-6