ASML Holding N.V.

ASML

ASMLASML Holding N.V. US flag

NASDAQ Global Select

1,863.55

USD

-35.93

- -

718.25BMarket Cap

Income Statement (EUR)

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	5,651	4,732	5,245	5,856	6,287	6,875	8,963	10,944	11,820	13,978	18,611	21,173	27,558	28,263	32,667
+ Sales & Services Revenue	5,651	4,732	5,245	5,856	6,287	6,875	8,963	10,944	11,820	13,978	18,611	21,173	27,558	28,263	32,667
- Cost of Revenue	3,202	2,726	3,068	3,260	3,392	3,730	4,942	5,915	6,540	7,181	8,802	10,473	13,422	13,771	15,409
+ Cost of Goods & Services	3,202	2,726	3,068	3,260	3,392	3,730	4,942	5,915	6,540	7,181	8,802	10,473	13,422	13,771	15,409
Gross Profit	2,449	2,005	2,177	2,596	2,896	3,145	4,020	5,029	5,280	6,797	9,809	10,700	14,136	14,492	17,258
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	808	848	1,194	1,395	1,414	1,481	1,676	2,064	2,489	2,746	3,273	4,199	5,094	5,469	5,957
+ Selling, General & Admin	218	259	312	321	346	375	417	488	520	545	726	946	1,113	1,166	1,258
+ Research & Development	590	589	882	1,074	1,068	1,106	1,260	1,576	1,968	2,201	2,547	3,254	3,981	4,304	4,699
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	1,641	1,157	983	1,201	1,482	1,665	2,344	2,965	2,791	4,052	6,536	6,501	9,042	9,023	11,301
- Non-Operating (Income) Loss	-7	6	-40	-72	-67	-128	-46	28	25	35	-169	45	-41	-20	-105
+ Interest Expense, Net	-7	6	- -	- -	- -	- -	- -	- -	25	35	45	45	-41	-20	-105
+ Interest Expense	34	23	- -	- -	- -	- -	- -	- -	37	43	55	61	153	163	118
- Interest Income	41	17	- -	- -	- -	- -	- -	- -	12	8	10	16	194	182	223
+ Other Non-Op (Income) Loss	- -	- -	-40	-72	-67	-128	-46	28	- -	- -	-214	- -	- -	- -	- -
Pretax Income	1,649	1,151	1,023	1,274	1,549	1,792	2,389	2,937	2,766	4,017	6,706	6,456	9,084	9,042	11,406
- Income Tax Expense (Benefit)	182	4	8	77	161	234	306	352	192	552	1,021	970	1,436	1,681	2,013
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,467	1,146	1,015	1,197	1,387	1,558	2,067	2,592	2,592	3,554	5,883	5,624	7,839	7,572	9,609
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1,467	1,146	1,015	1,197	1,387	1,558	2,067	2,592	2,592	3,554	5,883	5,624	7,839	7,572	9,609
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1,467	1,146	1,015	1,197	1,387	1,558	2,067	2,592	2,592	3,554	5,883	5,624	7,839	7,572	9,609
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,467	1,146	1,015	1,197	1,387	1,558	2,067	2,592	2,592	3,554	5,883	5,624	7,839	7,572	9,609
EBIT	1,641	1,157	983	1,201	1,482	1,665	2,344	2,965	2,791	4,052	6,536	6,501	9,042	9,023	11,301
EBITDA	1,806	1,343	1,212	1,456	1,779	2,022	2,761	3,388	3,239	4,542	7,007	7,084	9,782	9,941	12,327
EBITDA Margin (%)	31.97	28.39	23.11	24.86	28.29	29.4	30.81	30.96	27.41	32.49	37.65	33.46	35.5	35.17	37.74
EBITA	1,641	1,157	983	1,201	1,482	1,665	2,344	2,965	2,791	4,052	6,536	6,501	9,042	9,023	11,301
Gross Margin (%)	43.34	42.38	41.51	44.33	46.06	45.75	44.85	45.95	44.67	48.63	52.71	50.54	51.29	51.28	52.83
Operating Margin (%)	29.04	24.45	18.75	20.51	23.57	24.21	26.15	27.1	23.61	28.98	35.12	30.7	32.81	31.92	34.6
Profit Margin (%)	25.96	24.23	19.36	20.43	22.06	22.66	23.06	23.68	21.93	25.42	31.61	26.56	28.44	26.79	29.42
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.53	0.45	0.5	0.61	0.7	1.05	1.2	1.41	3.15	2.55	3.34	6.44	5.96	6.24	6.56
Depreciation Expense	165	187	229	255	297	357	418	423	448	491	471	584	740	919	1,026
Basic Weighted Avg Shares	328	424	430	437	431	426	430	425	421	418	410	398	394	393	388
Basic EPS, GAAP	4.48	2.7	2.36	2.74	3.22	3.66	4.81	6.1	6.16	8.5	14.36	14.14	19.91	19.25	24.73
Basic EPS from Cont Ops	4.48	2.7	2.36	2.74	3.22	3.66	4.81	6.1	6.16	8.5	14.36	14.14	19.91	19.25	24.73
Diluted Weighted Avg Shares	330	427	433	440	433	428	432	426	422	419	410	398	394	394	389
Diluted EPS, GAAP	4.44	2.68	2.34	2.72	3.21	3.64	4.79	6.08	6.15	8.48	14.34	14.13	19.89	19.24	24.71
Diluted EPS from Cont Ops	4.44	2.68	2.34	2.72	3.21	3.64	4.79	6.08	6.15	8.48	14.34	14.13	19.89	19.24	24.71

Balance Sheet (EUR)

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	5,707	5,832	7,026	7,146	7,708	8,557	8,886	10,531	12,131	15,930	18,190	23,065	24,394	30,737	30,616
+ Cash, Cash Equivalents & STI	2,732	2,698	3,011	2,754	3,409	4,057	3,288	4,034	4,718	7,352	7,590	7,376	7,010	12,741	13,322
+ Cash & Cash Equivalents	2,732	1,768	2,331	2,419	2,459	2,907	2,259	3,121	3,532	6,049	6,952	7,268	7,005	12,736	12,916
+ ST Investments	- -	930	680	335	950	1,150	1,029	913	1,186	1,302	638	108	5	5	406
+ Accounts & Notes Receiv	1,073	989	1,229	1,334	1,165	1,221	2,204	2,401	2,850	3,333	4,557	7,047	7,257	5,443	4,619
+ Accounts Receivable, Net	881	605	878	1,053	804	700	1,740	1,498	1,787	1,310	3,028	5,324	4,334	4,478	3,023
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	266
+ Other Receivable, Net	193	383	350	281	361	521	464	903	1,064	2,023	1,529	1,723	2,923	966	1,330
+ Inventories	1,625	1,857	2,393	2,550	2,574	2,781	2,956	3,440	3,809	4,569	5,179	7,200	8,851	10,892	11,429
+ Raw Materials	259	307	439	457	588	675	827	1,550	2,026	2,073	2,668	3,199	4,057	4,911	5,298
+ Work In Process	1,027	1,074	1,549	1,477	1,371	1,416	1,431	1,538	1,506	1,805	1,750	2,164	3,388	4,872	4,768
+ Finished Goods	533	743	667	927	1,030	1,073	1,048	793	771	1,164	1,179	2,304	2,098	2,020	2,135
+ Inventory Adjustments	-194	-267	-262	-311	-415	-383	-350	-441	-494	-473	-418	-467	-693	-912	-773
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	277	289	393	508	561	499	438	657	753	676	864	1,442	1,276	1,661	1,246
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	1,554	1,579	4,488	5,058	5,587	8,648	9,303	9,606	10,498	11,337	12,041	13,236	15,564	17,852	19,950
+ Property, Plant & Equip, Net	1,054	1,030	1,218	1,448	1,621	1,687	1,714	1,727	2,323	2,815	3,148	4,137	5,800	7,234	8,235
+ Property, Plant & Equip	2,058	2,089	2,433	2,604	3,008	3,303	3,548	3,844	4,627	5,367	5,780	7,182	9,386	11,448	13,161
- Accumulated Depreciation	1,004	1,059	1,215	1,157	1,387	1,616	1,833	2,117	2,304	2,552	2,632	3,045	3,587	4,214	4,926
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	982	916	833	821	892	924	920	903	2,143
+ LT Investments	- -	- -	- -	- -	- -	- -	982	916	833	821	892	924	920	903	2,143
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	500	549	3,270	3,610	3,967	6,961	6,606	6,963	7,342	7,702	8,001	8,175	8,844	9,715	9,572
+ Total Intangible Assets	154	159	2,786	3,081	3,363	6,197	5,707	5,645	5,646	5,678	5,508	5,398	5,330	5,210	5,129
+ Goodwill	146	149	2,089	2,358	2,625	4,874	4,541	4,541	4,541	4,629	4,556	4,556	4,589	4,589	4,589
+ Other Intangible Assets	8	10	698	724	738	1,323	1,166	1,104	1,104	1,049	952	842	742	621	540
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	346	390	484	529	604	764	899	1,318	1,697	2,024	2,493	2,777	3,514	4,505	4,444
Total Assets	7,261	7,410	11,514	12,204	13,295	17,206	18,189	20,137	22,630	27,267	30,231	36,300	39,958	48,590	50,567
+ Payables & Accruals	2,228	2,080	2,859	2,880	3,098	3,031	1,615	2,063	2,168	2,634	3,854	4,756	4,834	6,470	6,576
+ Accounts Payable	444	189	626	496	528	593	837	964	1,062	1,378	2,116	2,565	2,347	3,500	3,522
+ Accrued Taxes	15	11	16	36	4	202	152	188	66	110	302	315	309	283	487
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1,769	1,880	2,217	2,348	2,567	2,236	626	911	1,040	1,146	1,436	1,876	2,177	2,687	2,567
+ ST Debt	3	4	4	4	4	248	25	- -	- -	15	509	746	- -	1,010	1,682
+ ST Borrowings	3	4	4	4	4	248	25	- -	- -	15	509	746	- -	1,010	1,682
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	3	3	6	4	5	2	1,530	1,729	2,526	3,954	7,935	12,481	11,441	12,571	16,006
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	1,530	1,729	2,526	3,954	7,935	12,481	11,441	12,571	16,006
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	3	2	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	2	2	2	2	2	2	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	2,233	2,086	2,869	2,889	3,107	3,281	3,170	3,792	4,694	6,604	12,298	17,984	16,275	20,051	24,264
+ LT Debt	734	756	1,070	1,150	1,125	3,072	3,000	3,026	3,108	4,663	4,075	3,514	4,632	3,677	2,709
+ LT Borrowings	734	756	1,070	1,150	1,125	3,072	3,000	3,026	3,108	4,663	4,075	3,514	4,632	3,677	2,709
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	850	501	652	653	674	1,033	1,242	1,678	2,235	2,136	3,717	5,992	5,599	6,384	3,982
+ Accrued Liabilities	177	88	365	237	257	397	963	1,476	1,994	1,878	3,466	5,537	5,198	5,925	3,549
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	673	413	288	415	417	636	279	202	241	258	251	455	401	460	432
Total Noncurrent Liabilities	1,584	1,257	1,723	1,802	1,799	4,105	4,242	4,704	5,343	6,798	7,792	9,506	10,230	10,061	6,690
Total Liabilities	3,817	3,344	4,591	4,691	4,906	7,386	7,412	8,496	10,037	13,402	20,090	27,490	26,505	30,113	30,954
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	511	521	2,953	3,041	3,109	3,733	3,771	3,780	3,810	3,818	3,913	3,977	4,034	4,084	4,142
+ Common Stock	38	37	40	39	39	39	39	39	38	38	36	36	36	35	35
+ Additional Paid in Capital	473	484	2,913	3,002	3,070	3,694	3,732	3,741	3,772	3,780	3,876	3,941	3,998	4,049	4,107
- Treasury Stock	416	465	365	389	477	796	558	1,622	1,020	863	2,423	4,641	3,306	476	2,253
+ Retained Earnings	3,271	3,931	4,377	4,649	5,284	6,282	7,312	9,198	9,524	10,732	8,317	9,047	12,380	14,414	17,587
+ Other Equity	78	79	-42	212	472	601	252	285	278	179	334	428	345	454	136
Equity Before Minority Interest	3,444	4,067	6,922	7,513	8,389	9,820	10,776	11,641	12,592	13,865	10,141	8,811	13,452	18,477	19,612
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	3,444	4,067	6,922	7,513	8,389	9,820	10,776	11,641	12,592	13,865	10,141	8,811	13,452	18,477	19,612
Total Liabilities & Equity	7,261	7,410	11,514	12,204	13,295	17,206	18,189	20,137	22,630	27,267	30,231	36,300	39,958	48,590	50,567
Shares Outstanding	319	407	441	433	428	430	427	421	420	417	403	395	393	393	385
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-1,995	-1,008	-1,256	-1,265	-1,329	413	766	-95	-424	-1,371	-2,368	-3,008	-2,373	-8,048	-8,525
Net Debt to Equity	-57.94	-24.79	-18.15	-16.84	-15.84	4.2	7.11	-0.81	-3.37	-9.89	-23.35	-34.14	-17.64	-43.56	-43.47
Tangible Common Equity Ratio	46.29	53.89	47.39	48.57	50.6	32.91	40.61	41.37	40.9	37.92	18.74	11.04	23.46	30.58	31.88
Current Ratio	2.56	2.8	2.45	2.47	2.48	2.61	2.8	2.78	2.58	2.41	1.48	1.28	1.5	1.53	1.26
Cash Conversion Cycle	187.87	251.31	263.16	276.95	274.85	249.96	210.49	199.95	199.48	197.29	176.91	219.31	222.71	251.04	225.9

Cash Flow Statement (EUR)

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	1,467	1,146	1,015	1,197	1,387	1,558	2,067	2,592	2,592	3,554	5,883	5,624	7,839	7,572	9,609
+ Depreciation & Amortization	165	187	229	255	297	357	418	423	448	491	471	584	740	919	1,026
+ Non-Cash Items	-1,918	-620	-843	-844	324	146	213	-2,966	-3,152	-4,576	-11,247	-8,649	-4,915	-10,544	-11,662
+ Stock-Based Compensation	12	19	52	63	59	48	53	46	75	54	118	69	135	173	202
+ Deferred Income Taxes	63	-72	-23	-59	45	13	-8	-238	-237	-211	-420	-564	-134	-145	181
+ Asset Impairment Charge	12	3	13	11	2	4	9	19	8	6	-16	39	38	36	50
+ Other Non-Cash Adj	-2,006	-570	-885	-859	217	82	159	-2,793	-2,998	-4,424	-10,929	-8,193	-4,954	-10,607	-12,094
+ Chg in Non-Cash Work Cap	286	-713	-402	-607	18	-395	-879	-48	112	532	4,892	2,441	-3,664	2,053	1,026
+ (Inc) Dec in Accts Receiv	157	-6	-115	-102	98	150	-892	-452	-350	-618	-1,213	-2,126	871	899	1,188
+ (Inc) Dec in Inventories	-276	-353	-518	-293	-88	5	-284	-516	-405	-707	-483	-2,081	-1,647	-1,861	-832
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	463	-373	264	-100	158	24	358	336	70	382	1,066	846	-40	1,753	-224
+ Inc (Dec) in Other	-58	19	-33	-112	-151	-575	-61	584	797	1,474	5,522	5,802	-2,848	1,262	895
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	- -	- -	- -	2,026	1,666	1,818	- -	- -	- -	- -	- -	- -	- -	- -
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-301	-180	-215	-361	-373	-325	-358	-610	-886	-1,001	-940	-1,319	-2,196	-2,083	-1,631
+ Acq of Fixed Prod Assets	-301	-172	-211	-358	-372	-316	-339	-574	-767	-962	-901	-1,282	-2,156	-2,067	-1,574
+ Acq of Intangible Assets	- -	-8	-4	-3	-1	-8	-19	-36	-119	-39	-40	-38	-41	-16	-58
+ Cash (Repurchase) of Equity	-666	3,372	-268	-660	-532	183	-449	-1,124	-383	-1,170	-8,511	-4,558	-901	-376	-5,808
+ Increase in Capital Stock	34	3,908	32	40	33	583	51	22	27	38	49	82	99	124	142
+ Decrease in Capital Stock	-700	-535	-300	-700	-565	-400	-500	-1,146	-410	-1,208	-8,560	-4,640	-1,000	-500	-5,950
+ Net Change in LT Investment	- -	-930	290	345	-787	-215	148	114	-272	-116	664	530	102	- -	-1,703
+ Dec in LT Investment	- -	450	1,195	850	335	2,320	1,277	1,034	1,019	1,359	1,826	865	126	305	5
+ Inc in LT Investment	- -	-1,380	-905	-505	-1,122	-2,535	-1,129	-920	-1,292	-1,476	-1,163	-334	-24	-305	-1,708
+ Net Cash From Acq & Div	- -	-10	-444	- -	- -	-2,641	-1,020	- -	- -	-223	329	- -	-34	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	329	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	-10	-444	- -	- -	-2,641	-1,020	- -	- -	-223	- -	- -	-34	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	301	1,120	368	16	- -	-7	1	496	1,158	1,340	-52	789	2,128	2,083	3,334
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	- -	- -	-1,160	-3,188	-1,229	- -	- -	- -	- -	- -	- -	- -	- -
+ Dividends Paid	-173	-189	-216	-268	-302	-446	-517	-597	-1,326	-1,066	-1,368	-2,560	-2,348	-2,453	-2,550
+ Net Cash From Debt	-3	-3	368	-4	-4	2,226	-243	-3	-4	1,483	-12	-21	245	-3	-312
+ Cash From Debt	- -	- -	740	- -	- -	2,231	- -	- -	- -	1,486	- -	496	998	22	754
+ Repayments of Debt	-3	-3	-372	-4	-4	-5	-243	-3	-4	-3	-12	-516	-753	-26	-1,067
+ Other Financing Activities	-150	-3,726	3	4	4	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-992	-546	-113	-928	-834	1,964	-1,209	-1,724	-1,712	-753	-9,892	-7,138	-3,004	-2,832	-8,670
Effect of Foreign Exchange Rates	4	-2	-10	8	8	7	-28	5	5	-5	20	-3	-14	6	-30
Net Changes in Cash	-992	-546	-113	-928	32	441	-620	-1,724	-1,712	-753	-9,892	-7,138	-3,004	-2,832	-8,670
EBITDA	1,806	1,343	1,212	1,456	1,779	2,022	2,761	3,388	3,239	4,542	7,007	7,084	9,782	9,941	12,327
EBITDA Margin (%)	31.97	28.39	23.11	24.86	28.29	29.4	30.81	30.96	27.41	32.49	37.65	33.46	35.5	35.17	37.74
Free Cash Flow	-301	-180	-215	-361	1,653	1,341	1,460	-610	-886	-1,001	-940	-1,319	-2,196	-2,083	-1,631
Net Cash Paid for Acquisitions	- -	10	444	- -	- -	2,641	1,020	- -	- -	223	-329	- -	34	- -	- -
Free Cash Flow to Firm	-271	-157	-215	-361	1,653	1,341	1,460	-610	-852	-963	-894	-1,268	-2,068	-1,951	-1,534
Free Cash Flow to Equity	-303	-175	157	-362	1,650	3,576	1,236	-577	-770	521	-913	-1,302	-1,911	-2,070	-1,886
Free Cash Flow per Basic Share	-0.92	-0.42	-0.5	-0.83	3.84	3.15	3.4	-1.43	-2.11	-2.39	-2.29	-3.32	-5.58	-5.3	-4.2
Price/Free Cash Flow	45.98	116.15	137.23	108.48	14.74	22.92	28.71	95.13	125.5	167.19	305.25	154.06	123.06	126.47	217.16
Cash Flow to Net Income	- -	- -	- -	- -	1.46	1.07	0.88	- -	- -	- -	- -	- -	- -	- -	- -
Capital Expenditures	-301	-180	-215	-361	-373	-325	-358	-610	-886	-1,001	-940	-1,319	-2,196	-2,083	-1,631