Arrow Electronics, Inc.

ARW

ARWArrow Electronics, Inc. US flag

New York Stock Exchange

229.35

USD

+0.95

- -

11.73BMarket 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	21,390	20,405	21,357	22,769	23,282	23,488	26,555	29,677	28,917	28,673	34,477	37,124	33,107	27,923	30,853
+ Sales & Services Revenue	21,390	20,405	21,357	22,769	23,282	23,488	26,555	29,677	28,917	28,673	34,477	37,124	33,107	27,923	30,853
- Cost of Revenue	18,442	17,668	18,566	19,773	20,247	20,344	23,198	25,976	25,618	25,482	30,275	32,288	28,958	24,631	27,386
+ Cost of Goods & Services	18,442	17,668	18,566	19,773	20,247	20,344	23,198	25,976	25,618	25,482	30,275	32,288	28,958	24,631	27,386
Gross Profit	2,949	2,737	2,791	2,996	3,035	3,144	3,357	3,701	3,298	3,191	4,202	4,837	4,149	3,292	3,467
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,996	1,965	2,005	2,116	2,142	2,206	2,316	2,489	2,381	2,276	2,630	2,754	2,594	2,381	2,528
+ Selling, General & Admin	1,893	1,850	1,874	1,960	1,986	2,047	2,162	2,303	2,192	2,087	2,435	2,567	2,413	2,218	2,391
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	103	115	131	156	156	159	154	186	190	189	195	187	181	163	138
Operating Income (Loss)	953	772	786	880	893	938	1,041	1,211	917	915	1,572	2,082	1,555	911	938
- Non-Operating (Income) Loss	143	62	204	197	201	223	347	302	1,029	156	136	198	391	422	220
+ Interest Expense, Net	106	102	114	116	135	151	165	215	149	137	132	186	329	270	215
+ Interest Expense	106	102	114	116	135	151	196	215	204	137	132	186	329	270	215
- Interest Income	- -	- -	- -	- -	- -	- -	31	- -	55	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	37	-40	89	81	66	71	182	87	880	19	4	12	62	152	5
Pretax Income	810	710	582	683	692	716	694	909	-112	759	1,436	1,884	1,164	489	718
- Income Tax Expense (Benefit)	210	204	182	185	192	191	287	188	88	173	326	449	255	96	148
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	599	507	400	498	500	525	407	722	-200	586	1,110	1,435	909	394	570
- Net Extraordinary Losses (Gains)	1	1	1	1	6	4	10	11	8	4	5	17	12	3	-3
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	1	1	1	1	6	4	10	11	8	4	5	17	12	3	-3
Income (Loss) Incl. MI	598	506	399	498	495	521	397	711	-208	582	1,106	1,419	898	391	573
- Minority Interest	-1	- -	- -	- -	-3	-2	-5	-5	-4	-2	-2	-8	-6	-1	2
Net Income, GAAP	599	506	399	498	498	523	402	716	-204	584	1,108	1,427	904	392	571
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	599	506	399	498	498	523	402	716	-204	584	1,108	1,427	904	392	571
EBIT	953	772	786	880	893	938	1,041	1,211	917	915	1,572	2,082	1,555	911	938
EBITDA	1,056	888	917	1,036	1,049	1,097	1,195	1,398	1,107	1,104	1,767	2,270	1,736	1,074	1,076
EBITDA Margin (%)	4.94	4.35	4.29	4.55	4.51	4.67	4.5	4.71	3.83	3.85	5.13	6.11	5.24	3.85	3.49
EBITA	953	772	786	880	893	938	1,041	1,211	917	915	1,572	2,082	1,555	911	938
Gross Margin (%)	13.78	13.41	13.07	13.16	13.04	13.39	12.64	12.47	11.41	11.13	12.19	13.03	12.53	11.79	11.24
Operating Margin (%)	4.45	3.79	3.68	3.87	3.84	3.99	3.92	4.08	3.17	3.19	4.56	5.61	4.7	3.26	3.04
Profit Margin (%)	2.8	2.48	1.87	2.19	2.14	2.23	1.51	2.41	-0.71	2.04	3.21	3.84	2.73	1.4	1.85
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	103	115	131	156	156	159	154	186	190	189	195	187	181	163	138
Basic Weighted Avg Shares	114	109	103	99	95	91	89	87	84	78	72	65	56	53	52
Basic EPS, GAAP	5.25	4.64	3.89	5.05	5.26	5.75	4.54	8.19	-2.44	7.49	15.29	22.01	16.03	7.36	11.03
Basic EPS from Cont Ops	5.26	4.64	3.9	5.05	5.29	5.77	4.59	8.25	-2.4	7.52	15.32	22.13	16.14	7.39	11
Diluted Weighted Avg Shares	116	111	104	100	96	92	90	88	84	79	73	65	57	54	52
Diluted EPS, GAAP	5.17	4.56	3.85	4.98	5.2	5.68	4.48	8.1	-2.44	7.43	15.1	21.8	15.84	7.29	10.93
Diluted EPS from Cont Ops	5.17	4.56	3.86	4.99	5.23	5.7	4.54	8.16	-2.4	7.46	15.13	21.93	15.94	7.31	10.9

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	7,025	7,715	8,586	9,033	9,186	10,317	12,414	13,608	12,526	13,153	15,893	18,340	18,327	18,401	25,660
+ Cash, Cash Equivalents & STI	397	410	391	400	273	534	730	509	300	374	222	177	218	189	306
+ Cash & Cash Equivalents	397	410	391	400	273	534	730	509	300	374	222	177	218	189	306
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	4,482	4,924	5,770	6,044	6,161	6,747	8,126	8,945	8,483	9,205	11,124	12,323	12,238	13,031	19,739
+ Accounts Receivable, Net	4,482	4,924	5,770	6,044	6,161	6,747	8,126	8,945	8,483	9,205	11,124	12,323	12,238	13,031	19,739
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	1,964	2,053	2,167	2,335	2,466	2,856	3,303	3,879	3,477	3,287	4,202	5,319	5,187	4,710	5,082
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4,202	5,319	5,187	4,710	5,082
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	1,964	2,053	2,167	2,335	2,466	2,856	3,303	3,879	3,477	3,287	- -	- -	- -	- -	- -
+ Other ST Assets	182	329	258	253	285	180	256	275	266	287	345	521	684	472	533
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	2,804	3,070	3,475	3,403	3,835	3,890	4,045	4,176	3,875	3,901	3,642	3,423	3,399	3,356	3,418
+ Property, Plant & Equip, Net	556	600	632	636	700	756	838	825	803	800	683	596	531	469	475
+ Property, Plant & Equip	1,106	1,207	1,281	1,314	1,436	1,496	1,504	1,593	1,663	1,769	1,716	1,774	1,834	1,823	1,921
- Accumulated Depreciation	549	607	648	678	735	740	666	768	860	969	1,033	1,177	1,303	1,354	1,446
+ LT Investments & Receivables	61	66	67	69	73	88	88	84	87	76	64	65	63	57	59
+ LT Investments	61	66	67	69	73	88	88	84	87	76	64	65	63	57	59
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2,188	2,405	2,775	2,697	3,062	3,045	3,118	3,268	2,985	3,025	2,896	2,761	2,805	2,830	2,884
+ Total Intangible Assets	393	414	426	336	2,758	2,729	2,756	2,997	2,333	2,349	2,275	2,187	2,178	2,152	2,197
+ Goodwill	1,473	- -	- -	- -	2,369	2,392	2,470	2,625	2,061	2,115	2,080	2,028	2,050	2,055	2,120
+ Other Intangible Assets	-1,081	414	426	336	389	337	286	373	272	234	195	159	127	97	77
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1,795	1,991	2,349	2,362	304	316	362	270	651	676	620	575	627	678	687
Total Assets	9,829	10,786	12,061	12,435	13,022	14,206	16,459	17,784	16,401	17,054	19,536	21,763	21,726	21,758	29,078
+ Payables & Accruals	3,925	4,546	5,278	5,825	6,012	6,595	7,599	8,544	7,927	8,972	10,943	11,800	11,534	12,286	18,845
+ Accounts Payable	3,264	3,769	4,503	5,027	5,193	5,774	6,757	7,632	7,046	7,938	9,617	10,460	10,070	11,047	17,384
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	661	777	775	797	819	821	842	912	881	1,034	1,326	1,339	1,464	1,239	1,461
+ ST Debt	34	364	24	13	44	94	357	246	331	159	383	590	1,654	350	- -
+ ST Borrowings	34	364	24	13	44	94	357	246	331	159	383	590	1,654	350	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	3,959	4,910	5,302	5,838	6,056	6,689	7,955	8,790	8,258	9,131	11,326	12,390	13,188	12,636	18,845
+ LT Debt	1,928	1,587	2,226	2,068	2,381	2,696	2,933	3,239	2,640	2,098	2,244	3,183	2,154	2,774	3,085
+ LT Borrowings	1,928	1,587	2,226	2,068	2,381	2,696	2,933	3,239	2,640	2,098	2,244	3,183	2,154	2,774	3,085
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	267	301	348	370	390	355	573	379	636	676	624	579	507	516	489
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	267	301	348	370	390	355	573	379	636	676	624	579	507	516	489
Total Noncurrent Liabilities	2,195	1,888	2,574	2,438	2,771	3,052	3,506	3,618	3,276	2,774	2,869	3,762	2,661	3,290	3,574
Total Liabilities	6,154	6,798	7,876	8,276	8,827	9,741	11,461	12,408	11,534	11,905	14,195	16,152	15,849	15,926	22,419
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1,202	1,212	1,196	1,212	1,233	1,238	1,240	1,261	1,275	1,291	1,315	1,334	611	618	643
+ Common Stock	125	125	125	125	125	125	125	125	125	125	125	125	58	56	56
+ Additional Paid in Capital	1,076	1,086	1,071	1,086	1,107	1,112	1,114	1,136	1,150	1,166	1,190	1,209	553	562	587
- Treasury Stock	435	653	921	1,170	1,480	1,637	1,762	1,972	2,333	2,777	3,629	4,637	298	328	484
+ Retained Earnings	2,773	3,279	3,679	4,177	4,674	5,197	5,597	6,335	6,131	6,680	7,788	9,215	5,790	5,981	6,552
+ Other Equity	159	145	226	-65	-285	-384	-125	-299	-262	-105	-192	-365	-298	-509	-127
Equity Before Minority Interest	3,669	3,983	4,180	4,154	4,142	4,413	4,949	5,325	4,812	5,089	5,282	5,546	5,805	5,761	6,585
+ Minority/Non Controlling Interest	6	4	5	5	52	52	49	51	54	60	59	65	72	70	74
Total Equity	3,675	3,987	4,185	4,159	4,195	4,466	4,998	5,376	4,866	5,149	5,341	5,611	5,877	5,832	6,659
Total Liabilities & Equity	9,829	10,786	12,061	12,435	13,022	14,206	16,459	17,784	16,401	17,054	19,536	21,763	21,726	21,758	29,078
Shares Outstanding	112	106	100	96	91	89	88	85	81	75	68	59	54	52	51
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	1,565	1,542	1,859	1,681	2,152	2,256	2,560	2,976	2,671	1,883	2,405	3,596	3,589	2,935	2,779
Net Debt to Equity	42.58	38.68	44.43	40.42	51.29	50.52	51.22	55.35	54.9	36.57	45.03	64.08	61.07	50.33	41.73
Tangible Common Equity Ratio	34.79	34.45	32.31	31.6	14	15.13	16.36	16.09	18.01	19.04	17.76	17.49	18.92	18.77	16.6
Current Ratio	1.77	1.57	1.62	1.55	1.52	1.54	1.56	1.55	1.52	1.44	1.4	1.48	1.39	1.46	1.36
Cash Conversion Cycle	43.4	53.33	52.04	49.03	47.43	51.5	53.94	56.54	56.17	52.91	50.04	59.39	71.62	78.92	72.16

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	599	507	400	498	500	525	407	722	-200	586	1,110	1,435	909	394	570
+ Depreciation & Amortization	103	115	131	156	156	159	154	186	190	189	195	187	181	163	138
+ Non-Cash Items	46	41	92	64	55	65	190	78	732	72	53	29	-49	-54	-121
+ Stock-Based Compensation	39	35	37	42	47	40	39	46	41	35	36	43	42	35	28
+ Deferred Income Taxes	-11	-5	- -	-26	6	29	38	1	-50	30	25	-13	-94	-100	-36
+ Asset Impairment Charge	- -	- -	- -	78	- -	- -	- -	- -	698	7	4	- -	- -	- -	- -
+ Other Non-Cash Adj	18	12	55	-30	2	-4	112	31	43	- -	-12	-1	4	11	-113
+ Chg in Non-Cash Work Cap	-627	12	-172	-45	-51	-389	-626	-714	136	512	-940	-1,684	-336	628	-522
+ (Inc) Dec in Accts Receiv	-193	-319	-573	-522	-69	-601	-1,079	-1,007	339	-541	-2,109	-1,430	189	-1,013	-6,342
+ (Inc) Dec in Inventories	105	-62	-21	-211	-43	-404	-380	-619	383	244	-961	-1,166	139	421	-286
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-540	446	323	670	90	629	812	1,049	-549	847	2,159	1,048	-419	952	6,168
+ Inc (Dec) in Other	1	-53	99	17	-29	-13	21	-136	-37	-38	-29	-136	-246	269	-62
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	121	675	451	673	660	360	125	273	858	1,360	419	-33	705	1,130	64
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	3	- -	24	5	- -	- -	22	- -	- -	5	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	3	- -	24	5	- -	- -	22	- -	- -	5	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-114	-112	-116	-123	-155	-165	-204	-155	-151	-124	-83	-79	-83	-93	-101
+ Acq of Fixed Prod Assets	-114	-112	-116	-123	-155	-165	-204	-135	-143	-124	-83	-79	-83	-93	-101
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	-20	-8	-1	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-197	-261	-363	-305	-356	-216	-174	-243	-404	-484	-912	-1,049	-770	-265	-162
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-197	-261	-363	-305	-356	-216	-174	-243	-404	-484	-912	-1,049	-770	-265	-162
+ Net Change in LT Investment	- -	-15	-3	41	2	- -	- -	- -	- -	- -	- -	- -	11	11	125
+ Dec in LT Investment	- -	- -	- -	41	2	- -	- -	- -	- -	- -	- -	- -	11	11	125
+ Inc in LT Investment	- -	-15	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-533	-282	-368	-163	-515	-65	-4	-300	-13	- -	- -	- -	- -	-35	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	32	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-533	-282	-368	-163	-515	-65	-4	-332	-13	- -	- -	- -	- -	-35	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	-12	-6	-14	-10	-14	1	21	- -	17	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-647	-409	-487	-245	-664	-241	-189	-463	-174	-139	-60	-58	-72	-94	24
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-71	-5	324	-145	306	313	475	7	-405	-621	364	883	-836	460	-47
+ Cash From Debt	354	- -	663	- -	688	313	1,034	307	- -	- -	495	1,233	496	1,460	303
+ Repayments of Debt	-425	-5	-338	-145	-382	- -	-559	-300	-405	-621	-132	-350	-1,332	-1,000	-350
+ Other Financing Activities	255	9	12	15	-39	66	-44	200	-97	-122	85	276	940	-1,152	3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-14	-258	-27	-435	-89	162	257	-37	-906	-1,227	-463	110	-666	-957	-206
Effect of Foreign Exchange Rates	10	5	44	16	-34	-19	3	6	13	80	-47	-64	74	-108	236
Net Changes in Cash	-540	8	-63	-6	-93	280	193	-227	-222	-6	-104	19	-33	79	-118
EBITDA	1,056	888	917	1,036	1,049	1,097	1,195	1,398	1,107	1,104	1,767	2,270	1,736	1,074	1,076
EBITDA Margin (%)	4.94	4.35	4.29	4.55	4.51	4.67	4.5	4.71	3.83	3.85	5.13	6.11	5.24	3.85	3.49
Free Cash Flow	7	563	335	551	505	195	-79	117	707	1,236	336	-112	622	1,038	-37
Net Cash Paid for Acquisitions	533	282	368	163	515	65	4	300	13	- -	- -	- -	- -	35	- -
Free Cash Flow to Firm	85	635	413	635	603	306	36	288	- -	1,342	438	29	879	1,255	133
Free Cash Flow to Equity	-65	557	659	406	815	508	420	149	310	615	722	771	-213	1,503	-84
Free Cash Flow per Basic Share	0.06	5.15	3.26	5.58	5.34	2.14	-0.9	1.34	8.46	15.84	4.64	-1.73	11.04	19.48	-0.72
Price/Free Cash Flow	18.47	5.37	9.92	7.27	6.36	12.51	21.97	14.25	7.02	5.16	19.63	149.58	8.84	4.98	34.83
Cash Flow to Net Income	0.2	1.33	1.13	1.35	1.33	0.69	0.31	0.38	-4.2	2.33	0.38	-0.02	0.78	2.88	0.11
Capital Expenditures	-114	-112	-116	-123	-155	-165	-204	-155	-151	-124	-83	-79	-83	-93	-101