Atlantic Union Bankshares Corporation

AUB

AUBAtlantic Union Bankshares Corporation US flag

New York Stock Exchange

36.34

USD

-1.31

- -

5.20BMarket Cap

Income Statement (USD)

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
Sales/Revenue/Turnover	190	195	190	316	317	324	341	511	671	687	670	703	702	817	1,374
+ Sales & Services Revenue	190	195	190	316	317	324	341	511	671	687	670	703	702	817	1,374
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	63	90	93	146	144	150	153	194	237	227	234	248	267	304	451
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-63	-90	-93	-146	-144	-150	-153	-194	-237	-227	-234	-248	-267	-304	-451
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-42	-50	-47	-70	-90	-102	-105	-179	-231	-186	-319	-280	-240	-260	-337
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-42	-50	-47	-70	-90	-102	-105	-179	-231	-186	-319	-280	-240	-260	-337
Pretax Income	42	50	47	70	90	102	105	179	231	186	319	280	240	260	337
- Income Tax Expense (Benefit)	11	14	13	18	23	26	33	30	38	28	55	45	38	51	63
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	30	35	34	52	67	76	72	149	194	158	264	235	202	209	274
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	-2	-1	3	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	2	1	-3	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	-3	-1	6	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	30	35	34	52	67	77	73	146	194	158	264	235	202	209	274
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	30	35	34	52	67	77	73	146	194	158	264	235	202	209	274
- Preferred Dividends	3	- -	- -	- -	- -	- -	- -	- -	- -	6	12	12	12	12	12
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	28	35	34	52	67	77	73	146	194	153	252	223	190	197	262
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	27	21	18	27	26	24	25	26	40	43	51	45	41	35	44
EBITDA Margin (%)	14.13	10.5	9.63	8.56	8.12	7.34	7.38	5.15	5.96	6.28	7.57	6.46	5.84	4.32	3.21
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	16	18.12	18.05	16.49	21.17	23.93	21.36	28.62	28.86	23.04	39.39	33.37	28.75	25.58	19.92
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.36	0.35	0.5	0.55	0.65	0.77	0.81	0.88	0.98	1.07	1.24	1.32	1.38	1.44	1.49
Depreciation Expense	27	21	18	27	26	24	25	26	40	43	51	45	41	35	44
Basic Weighted Avg Shares	26	26	25	46	45	44	44	66	80	79	77	75	75	86	129
Basic EPS, GAAP	1.07	1.37	1.38	1.13	1.49	1.77	1.67	2.22	2.41	1.93	3.26	2.97	2.53	2.29	2.03
Basic EPS from Cont Ops	1.17	1.37	1.38	1.13	1.49	1.73	1.65	2.27	2.42	2.01	3.41	3.13	2.69	2.43	2.13
Diluted Weighted Avg Shares	26	26	25	46	45	44	44	66	80	79	77	75	75	88	129
Diluted EPS, GAAP	1.07	1.37	1.37	1.13	1.49	1.77	1.67	2.22	2.41	1.93	3.26	2.97	2.53	2.24	2.03
Diluted EPS from Cont Ops	1.17	1.37	1.37	1.13	1.49	1.73	1.65	2.27	2.41	2.01	3.41	3.13	2.69	2.38	2.12

Balance Sheet (USD)

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
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	717	668	750	1,234	1,044	1,126	1,173	2,036	2,343	3,032	4,281	3,060	2,596	389	1,005
+ Cash & Cash Equivalents	96	83	73	132	141	179	199	261	398	491	800	318	364	350	940
+ ST Investments	620	585	677	1,102	903	947	974	1,775	1,945	2,540	3,482	2,742	2,231	39	64
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-717	-668	-750	-1,234	-1,044	-1,126	-1,173	-2,036	-2,343	-3,032	-4,281	-3,060	-2,596	-389	-1,005
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	91	85	83	135	126	122	120	147	161	164	135	118	91	113	167
+ Property, Plant & Equip	139	137	137	194	194	199	203	241	263	276	245	234	231	263	317
- Accumulated Depreciation	48	51	54	59	68	77	84	94	102	112	110	115	140	150	150
+ LT Investments & Receivables	620	585	677	1,102	1,109	1,148	1,174	2,267	2,501	3,085	4,110	3,590	3,069	3,246	5,079
+ LT Investments	620	585	677	1,102	1,109	1,148	1,174	2,267	2,501	3,085	4,110	3,590	3,069	3,246	5,079
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-711	-671	-760	-1,237	-1,235	-1,270	-1,293	-2,414	-2,662	-3,249	-4,244	-3,708	-3,160	-3,359	-5,245
+ Total Intangible Assets	80	75	71	325	317	319	313	776	1,009	993	979	952	944	1,299	2,049
+ Goodwill	59	59	59	294	294	298	299	727	936	936	936	925	925	1,214	1,733
+ Other Intangible Assets	21	16	12	32	23	21	15	49	74	57	43	27	19	85	316
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-791	-746	-832	-1,563	-1,552	-1,589	-1,607	-3,190	-3,671	-4,242	-5,223	-4,660	-4,104	-4,657	-7,294
Total Assets	3,907	4,096	4,177	7,359	7,693	8,427	9,315	13,766	17,563	19,628	20,065	20,461	21,166	24,585	37,586
+ Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	78	212	343	304	518	745	1,049	370	100	- -	1,016	720	60	650
+ ST Borrowings	- -	78	212	343	304	518	745	1,049	370	100	- -	1,016	720	60	650
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	-78	-212	-343	-304	-518	-745	-1,049	-370	-100	- -	-1,016	-720	-60	-650
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	-78	-212	-343	-304	-518	-745	-1,049	-370	-100	- -	-1,016	-720	-60	-650
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	216	197	199	300	291	413	425	668	1,077	490	389	390	391	418	772
+ LT Borrowings	216	197	199	300	291	413	425	668	1,077	490	389	390	391	418	772
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-216	-197	-199	-300	-291	-413	-425	-668	-1,077	-490	-389	-390	-391	-418	-772
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-216	-197	-199	-300	-291	-413	-425	-668	-1,077	-490	-389	-390	-391	-418	-772
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	3,485	3,660	3,738	6,381	6,698	7,426	8,269	11,841	15,050	16,920	17,355	18,088	18,610	21,442	32,579
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	222	210	204	703	691	663	668	1,468	1,896	2,021	1,907	1,871	1,881	2,399	4,077
+ Common Stock	35	34	33	60	59	58	58	87	106	104	100	99	99	119	189
+ Additional Paid in Capital	187	177	171	643	632	605	610	1,380	1,790	1,917	1,807	1,772	1,782	2,281	3,889
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	190	216	237	262	298	342	379	467	581	616	784	920	1,018	1,103	1,185
+ Other Equity	10	10	-2	12	6	-4	-1	-10	36	71	19	-418	-343	-360	-256
Equity Before Minority Interest	422	436	438	977	995	1,001	1,046	1,925	2,513	2,708	2,710	2,373	2,556	3,143	5,006
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	422	436	438	977	995	1,001	1,046	1,925	2,513	2,708	2,710	2,373	2,556	3,143	5,006
Total Liabilities & Equity	3,907	4,096	4,177	7,359	7,693	8,427	9,315	13,766	17,563	19,628	20,065	20,461	21,166	24,585	37,586
Shares Outstanding	26	25	25	45	45	44	44	66	80	79	76	75	75	90	142
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	119	192	338	510	454	752	971	1,456	1,050	99	-411	1,087	747	128	482
Net Debt to Equity	28.27	44.14	77.12	52.24	45.63	75.12	92.84	75.66	41.77	3.64	-15.16	45.83	29.21	4.08	9.62
Tangible Common Equity Ratio	8.92	8.97	8.94	9.27	9.2	8.41	8.14	8.84	9.08	9.21	9.07	7.28	7.97	7.92	8.32
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

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
+ Net Income	30	35	34	52	67	77	73	146	194	158	264	235	202	209	274
+ Depreciation & Amortization	27	21	18	27	26	24	25	26	40	43	51	45	41	35	44
+ Non-Cash Items	20	16	11	12	12	10	17	6	7	65	76	44	37	53	1,942
+ Stock-Based Compensation	1	1	1	1	1	3	5	6	8	9	10	11	11	- -	- -
+ Deferred Income Taxes	-1	- -	- -	3	-1	- -	6	18	15	3	44	25	2	34	50
+ Asset Impairment Charge	1	- -	1	8	6	1	2	2	2	6	17	5	2	- -	13
+ Other Non-Cash Adj	19	15	9	1	6	5	5	-20	-18	47	5	3	21	18	1,878
+ Chg in Non-Cash Work Cap	-6	-94	93	36	6	-17	-5	38	-46	-34	-52	96	-1	12	-22
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	-6	-94	93	36	6	-17	-5	38	-46	-34	-52	96	-1	12	-22
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	71	-22	157	127	111	94	110	217	195	232	338	420	278	308	2,237
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-5	- -	- -	- -	- -	- -	-9	- -	-16	-30	-9	-3	-5	-7	-12
+ Acq of Fixed Prod Assets	-5	- -	- -	- -	- -	- -	-9	- -	-16	-30	-9	-3	-5	-7	-12
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	1	-14	-9	-51	-15	-32	1	2	-78	-49	-122	-44	1	- -	385
+ Increase in Capital Stock	1	- -	1	1	1	1	1	2	2	1	3	4	1	- -	385
+ Decrease in Capital Stock	- -	-14	-9	-53	-16	-33	- -	- -	-80	-50	-125	-48	- -	- -	- -
+ Net Change in LT Investment	-62	26	-129	21	-22	-74	-48	-815	273	-504	-1,090	-47	537	288	-480
+ Dec in LT Investment	156	187	173	433	247	188	259	718	765	661	562	406	1,098	947	1,283
+ Inc in LT Investment	-218	-161	-302	-412	-270	-261	-307	-1,533	-492	-1,165	-1,652	-454	-561	-659	-1,763
+ Net Cash From Acq & Div	-26	- -	- -	50	- -	-4	5	160	46	- -	- -	- -	- -	55	270
+ Cash from Divestitures	- -	- -	- -	50	- -	- -	5	174	46	- -	- -	- -	- -	55	270
+ Cash for Acq of Subs	-26	- -	- -	- -	- -	-4	- -	-14	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	76	-168	-90	-65	-353	-638	-834	-117	-729	-1,384	754	-1,227	-1,135	-631	-576
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-18	-142	-219	6	-375	-715	-886	-770	-425	-1,918	-345	-1,277	-603	-296	-797
+ Dividends Paid	-9	-9	-13	-25	-29	-34	-35	-58	-78	-85	-96	-99	-103	-124	-192
+ Net Cash From Debt	-29	-19	134	- -	-10	120	10	185	329	-620	-118	- -	- -	- -	-200
+ Cash From Debt	- -	- -	134	- -	- -	178	20	225	550	- -	247	- -	- -	- -	- -
+ Repayments of Debt	-30	-19	- -	- -	-10	-58	-10	-40	-221	-620	-365	- -	- -	- -	-200
+ Other Financing Activities	21	192	-61	4	328	603	820	486	233	2,497	653	518	486	87	-820
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-18	150	52	-73	274	658	796	615	405	1,744	317	375	383	-37	-828
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	36	-14	-10	60	9	37	20	62	175	57	309	-483	58	-24	612
EBITDA	27	21	18	27	26	24	25	26	40	43	51	45	41	35	44
EBITDA Margin (%)	14.13	10.5	9.63	8.56	8.12	7.34	7.38	5.15	5.96	6.28	7.57	6.46	5.84	4.32	3.21
Free Cash Flow	66	-22	157	127	111	94	101	217	179	202	328	417	273	301	2,225
Net Cash Paid for Acquisitions	26	- -	- -	-50	- -	4	-5	-160	-46	- -	- -	- -	- -	-55	-270
Free Cash Flow to Firm	66	-22	157	127	111	94	101	217	179	202	328	417	273	301	2,225
Free Cash Flow to Equity	-2	-41	291	127	101	214	111	403	508	-423	199	405	261	289	2,013
Free Cash Flow per Basic Share	2.52	-0.85	6.29	2.76	2.46	2.14	2.31	3.29	2.23	2.57	4.24	5.56	3.64	3.49	17.28
Price/Free Cash Flow	4.52	-18.57	3.95	8.73	10.27	16.72	13.24	8.58	14.3	9.94	8.32	6.23	9.67	10.54	2.03
Cash Flow to Net Income	2.33	-0.62	4.57	2.44	1.65	1.21	1.51	1.48	1.01	1.47	1.28	1.79	1.38	1.47	8.17
Capital Expenditures	-5	- -	- -	- -	- -	- -	-9	- -	-16	-30	-9	-3	-5	-7	-12