Franklin Resources, Inc.

BEN

BENFranklin Resources, Inc. US flag

New York Stock Exchange

33.50

USD

-0.18

- -

17.41BMarket Cap

Income Statement (USD)

API ChatGPT

	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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Sales/Revenue/Turnover	7,140	7,101	7,985	8,491	7,949	6,618	6,392	6,204	5,669	5,566	8,426	8,275	7,849	8,478	8,771
+ Sales & Services Revenue	7,140	7,101	7,985	8,491	7,949	6,618	6,392	6,204	5,669	5,566	8,426	8,275	7,849	8,478	8,771
- Cost of Revenue	1,231	1,256	1,384	1,468	1,453	1,361	1,334	928	961	1,063	1,429	1,426	1,500	1,687	1,724
+ Cost of Goods & Services	1,231	1,256	1,384	1,468	1,453	1,361	1,334	928	961	1,063	1,429	1,426	1,500	1,687	1,724
Gross Profit	5,909	5,846	6,600	7,024	6,495	5,257	5,058	5,276	4,709	4,504	6,997	6,849	6,350	6,791	7,047
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	3,249	3,330	3,679	3,802	3,468	2,891	2,794	3,240	3,178	3,259	4,933	4,904	4,913	5,634	5,947
+ Selling, General & Admin	3,076	3,147	3,488	3,586	3,244	2,684	2,574	2,994	2,905	2,917	4,215	4,121	4,067	4,675	4,897
+ Research & Development	173	183	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	191	216	224	207	220	246	273	342	718	782	846	958	1,050
Operating Income (Loss)	2,660	2,515	2,921	3,221	3,028	2,366	2,264	2,036	1,531	1,245	2,064	1,945	1,437	1,158	1,100
- Non-Operating (Income) Loss	36	-163	-105	-188	-1	-134	-285	-179	-117	227	-380	216	99	335	313
+ Interest Expense, Net	26	24	39	38	29	13	-23	-30	-9	19	77	98	124	97	95
+ Interest Expense	37	37	47	47	40	50	52	46	22	33	85	98	124	97	95
- Interest Income	11	12	8	9	11	36	75	76	31	14	9	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	9	-187	-145	-227	-30	-148	-261	-149	-109	208	-457	118	-25	238	218
Pretax Income	2,624	2,678	3,027	3,410	3,028	2,500	2,549	2,215	1,648	1,018	2,444	1,729	1,338	823	787
- Income Tax Expense (Benefit)	803	763	856	998	924	742	759	1,472	442	231	350	396	312	215	238
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,821	1,916	2,171	2,412	2,105	1,758	1,790	743	1,206	787	2,095	1,333	1,026	608	549
- Net Extraordinary Losses (Gains)	-206	-32	41	55	139	62	186	-43	20	-24	527	83	286	286	48
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-206	-32	41	55	139	62	186	-43	20	-24	527	83	286	286	48
Income (Loss) Incl. MI	2,026	1,947	2,130	2,357	1,966	1,696	1,604	786	1,186	811	1,568	1,251	740	322	501
- Minority Interest	103	16	-20	-27	-69	-31	-93	22	-10	12	-263	-41	-143	-143	-24
Net Income, GAAP	1,924	1,931	2,150	2,384	2,035	1,727	1,697	764	1,196	799	1,831	1,292	883	465	525
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,924	1,931	2,150	2,384	2,035	1,727	1,697	764	1,196	799	1,831	1,292	883	465	525
EBIT	2,660	2,515	2,921	3,221	3,028	2,366	2,264	2,036	1,531	1,245	2,064	1,945	1,437	1,158	1,100
EBITDA	2,748	2,597	3,015	3,316	3,125	2,453	2,345	2,112	1,624	1,373	2,375	2,323	1,882	1,613	1,632
EBITDA Margin (%)	38.49	36.58	37.76	39.05	39.31	37.06	36.68	34.05	28.65	24.67	28.18	28.07	23.98	19.02	18.6
EBITA	2,660	2,515	2,921	3,221	3,028	2,366	2,264	2,036	1,531	1,245	2,064	1,945	1,437	1,158	1,100
Gross Margin (%)	82.76	82.32	82.66	82.71	81.72	79.44	79.14	85.04	83.06	80.91	83.04	82.76	80.9	80.11	80.34
Operating Margin (%)	37.25	35.42	36.58	37.93	38.09	35.75	35.42	32.82	27	22.36	24.5	23.51	18.31	13.66	12.54
Profit Margin (%)	26.94	27.2	26.93	28.08	25.61	26.09	26.54	12.32	21.09	14.35	21.73	15.61	11.25	5.48	5.98
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.33	1.03	1.39	0.46	1.08	0.7	0.79	3.94	1.03	1.08	1.14	1.19	1.24	1.29	1.32
Depreciation Expense	88	82	94	95	97	87	80	76	93	128	311	378	445	455	532
Basic Weighted Avg Shares	663	641	633	625	615	584	559	537	504	492	490	489	490	510	517
Basic EPS, GAAP	2.9	3.01	3.4	3.82	3.31	2.96	3.04	1.42	2.37	1.62	3.74	2.64	1.8	0.91	1.02
Basic EPS from Cont Ops	2.75	2.99	3.43	3.86	3.42	3.01	3.2	1.38	2.39	1.6	4.28	2.73	2.09	1.19	1.06
Diluted Weighted Avg Shares	666	643	634	625	615	584	559	538	504	492	491	489	491	510	517
Diluted EPS, GAAP	2.89	3	3.39	3.81	3.31	2.96	3.03	1.42	2.37	1.62	3.73	2.64	1.8	0.91	1.01
Diluted EPS from Cont Ops	2.73	2.98	3.42	3.86	3.42	3.01	3.2	1.38	2.39	1.6	4.27	2.72	2.09	1.19	1.06

Balance Sheet (USD)

API ChatGPT

	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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Total Current Assets	8,544	7,156	7,592	8,546	9,206	9,278	9,752	7,758	6,797	5,223	6,075	6,047	5,751	5,888	5,116
+ Cash, Cash Equivalents & STI	7,621	8,635	6,323	7,596	8,368	8,483	8,750	6,911	5,958	3,990	4,647	4,782	4,402	4,409	3,574
+ Cash & Cash Equivalents	5,199	6,051	6,323	7,596	8,368	8,483	8,750	6,911	5,958	3,990	4,647	4,782	4,402	4,409	3,574
+ ST Investments	2,422	2,584	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	923	1,105	1,269	950	838	794	1,002	848	839	1,233	1,428	1,265	1,348	1,479	1,542
+ Accounts Receivable, Net	773	850	1,039	950	838	794	1,002	848	839	1,233	1,428	1,265	1,348	1,479	1,542
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	149	254	230	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	-2,584	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	5,232	7,596	7,799	7,811	7,130	6,821	7,782	6,625	7,736	16,462	18,093	22,013	24,370	26,576	27,253
+ Property, Plant & Equip, Net	590	583	564	531	510	523	517	535	684	1,349	1,218	1,208	1,206	1,770	1,713
+ Property, Plant & Equip	1,274	1,303	1,350	1,330	1,365	1,394	1,460	1,501	1,716	2,445	2,399	2,166	2,164	2,731	2,658
- Accumulated Depreciation	685	720	786	799	855	871	943	966	1,032	1,097	1,181	958	957	962	945
+ LT Investments & Receivables	1,768	4,614	4,584	4,678	4,109	3,930	4,861	3,536	3,860	5,378	7,330	9,549	11,859	13,373	14,653
+ LT Investments	1,768	4,614	4,584	4,678	4,109	3,930	4,861	3,536	3,860	5,378	7,330	9,549	11,859	13,373	14,653
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2,874	2,398	2,651	2,602	2,510	2,368	2,404	2,554	3,192	9,734	9,544	11,256	11,305	11,434	10,886
+ Total Intangible Assets	2,148	2,142	2,359	2,326	2,257	2,211	2,228	2,333	2,994	9,415	9,168	10,861	10,906	11,014	10,372
+ Goodwill	1,536	1,541	1,702	1,691	1,661	1,661	1,687	1,795	2,130	4,501	4,458	5,779	6,004	6,211	6,206
+ Other Intangible Assets	612	601	658	635	596	550	540	539	864	4,914	4,710	5,082	4,902	4,802	4,166
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	726	256	292	276	253	157	176	221	198	320	376	395	399	420	514
Total Assets	13,776	14,752	15,390	16,357	16,336	16,099	17,534	14,384	14,532	21,684	24,168	28,061	30,121	32,464	32,368
+ Payables & Accruals	395	242	274	314	325	338	480	1,389	1,266	1,741	1,731	1,636	1,393	1,819	1,886
+ Accounts Payable	266	242	274	238	232	233	292	227	304	1,038	1,037	1,113	880	1,413	1,678
+ Accrued Taxes	129	11	- -	- -	- -	- -	75	1,035	825	703	694	523	514	406	208
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	-11	- -	77	93	105	113	128	137	- -	- -	- -	- -	- -	- -
+ ST Debt	85	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	85	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	1,576	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1,576	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	2,055	242	274	314	325	338	480	1,389	1,266	1,741	1,731	1,636	1,393	1,819	1,886
+ LT Debt	2,201	2,777	2,295	2,149	2,155	2,083	1,098	728	748	6,439	7,589	9,362	11,752	13,087	13,300
+ LT Borrowings	2,201	2,777	2,295	2,149	2,155	2,083	1,098	728	748	5,818	7,070	8,834	11,285	12,122	12,299
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	621	518	528	468	965	1,001
+ Other LT Liabilities	397	1,946	2,014	1,446	1,300	1,088	1,079	1,014	1,147	2,093	2,105	3,237	3,402	2,994	2,994
+ Accrued Liabilities	274	276	272	259	241	162	171	126	120	305	312	348	450	285	262
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	123	1,669	1,742	1,187	1,059	927	909	888	1,027	1,788	1,793	2,889	2,951	2,709	2,732
Total Noncurrent Liabilities	2,598	4,723	4,309	3,596	3,456	3,172	2,177	1,743	1,895	8,532	9,694	12,600	15,154	16,080	16,294
Total Liabilities	4,653	4,964	4,583	3,910	3,780	3,510	2,656	3,132	3,161	10,274	11,425	14,236	16,547	17,900	18,180
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	22	64	63	62	60	57	56	52	50	50	50	50	50	1,000	1,009
+ Common Stock	22	64	63	62	60	57	56	52	50	50	50	50	50	52	52
+ Additional Paid in Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	948	957
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	8,462	9,076	10,004	11,640	12,095	12,226	12,849	10,218	10,288	10,473	11,551	12,046	12,377	11,928	11,516
+ Other Equity	40	62	6	-118	-314	-347	-285	-371	-432	-408	-378	-621	-509	-420	-447
Equity Before Minority Interest	8,525	9,201	10,073	11,584	11,841	11,936	12,620	9,899	9,906	10,114	11,223	11,475	11,917	12,508	12,078
+ Minority/Non Controlling Interest	598	586	734	863	714	654	2,258	1,352	1,464	1,296	1,520	2,350	1,657	2,057	2,111
Total Equity	9,122	9,787	10,807	12,447	12,555	12,589	14,878	11,252	11,371	11,411	12,744	13,825	13,574	14,565	14,189
Total Liabilities & Equity	13,776	14,752	15,390	16,357	16,336	16,099	17,534	14,384	14,532	21,684	24,168	28,061	30,121	32,464	32,368
Shares Outstanding	653	637	631	623	604	570	555	519	499	495	502	500	496	524	521
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	621	518	528	468	965	1,001
Net Debt	-2,913	-3,274	-4,028	-5,447	-6,213	-6,400	-7,652	-6,182	-5,210	1,828	2,423	4,052	6,882	7,713	8,725
Net Debt to Equity	-31.94	-33.45	-37.27	-43.76	-49.48	-50.84	-51.43	-54.94	-45.82	16.02	19.02	29.31	50.7	52.96	61.49
Tangible Common Equity Ratio	59.98	60.63	64.83	72.13	73.15	74.73	82.65	74.01	72.6	16.27	23.84	17.23	13.88	16.56	17.35
Current Ratio	4.16	29.62	27.74	27.18	28.35	27.46	20.34	5.58	5.37	3	3.51	3.7	4.13	3.24	2.71
Cash Conversion Cycle	-100.67	-32.05	-24.75	-20.81	-17.92	-17.4	-20.53	-47.49	-46.64	-162.62	-207.48	-215.74	-181.78	-187.2	-264.37

Cash Flow Statement (USD)

API ChatGPT

	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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

+ Net Income	1,821	1,916	2,171	2,412	2,105	1,758	1,790	743	1,206	787	2,095	1,333	1,026	608	549
+ Depreciation & Amortization	88	82	94	95	97	87	80	76	93	128	311	378	445	455	532
+ Non-Cash Items	264	133	98	99	256	182	-849	558	-1,179	-310	-1,057	174	-447	54	234
+ Stock-Based Compensation	89	101	113	128	140	132	123	118	112	122	172	208	183	246	215
+ Deferred Income Taxes	-3	16	- -	- -	- -	9	9	-51	-1	-7	4	98	42	-125	-47
+ Asset Impairment Charge	14	10	- -	- -	8	28	10	6	13	55	- -	- -	- -	389	227
+ Other Non-Cash Adj	165	5	-16	-29	108	14	-991	485	-1,302	-481	-1,233	-132	-671	-456	-160
+ Chg in Non-Cash Work Cap	-552	-1,064	-326	-467	-206	-300	114	853	148	478	-102	71	65	-146	-249
+ (Inc) Dec in Accts Receiv	-230	-223	-268	-114	45	-11	-161	-22	-64	135	-182	-87	-63	-112	-129
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	98	-60	104	18	-60	-90	108	933	-20	-184	-48	162	125	-43	-139
+ Inc (Dec) in Other	-419	-781	-162	-372	-191	-199	167	-58	232	527	128	-4	3	9	19
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,622	1,066	2,036	2,138	2,252	1,728	1,135	2,230	268	1,083	1,245	1,957	1,089	971	1,066
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-132	-78	-62	-53	-69	-98	-75	-106	-234	-104	-79	-90	-149	-177	-154
+ Acq of Fixed Prod Assets	-132	-78	-62	-53	-69	-98	-75	-106	-234	-104	-79	-90	-149	-177	-154
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-905	-748	-450	-590	-1,034	-1,284	-740	-1,400	-731	-198	-186	-156	-233	-254	-216
+ Increase in Capital Stock	50	49	41	33	26	24	25	25	23	21	22	25	23	21	24
+ Decrease in Capital Stock	-954	-797	-491	-622	-1,060	-1,308	-765	-1,425	-754	-218	-208	-181	-256	-274	-240
+ Net Change in LT Investment	506	555	270	216	318	290	190	-97	-548	-96	-2,591	-1,904	-2,729	-1,887	-2,098
+ Dec in LT Investment	2,064	1,408	1,526	1,254	1,054	1,002	713	360	432	1,916	2,218	3,014	2,443	5,658	5,695
+ Inc in LT Investment	-1,558	-853	-1,256	-1,038	-736	-713	-523	-457	-980	-2,012	-4,809	-4,918	-5,172	-7,544	-7,792
+ Net Cash From Acq & Div	-111	- -	1	- -	- -	- -	-14	-87	-494	-3,821	-9	-1,355	-500	175	- -
+ Cash from Divestitures	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	175	- -
+ Cash for Acq of Subs	-111	- -	- -	- -	- -	- -	-14	-87	-494	-3,821	-9	-1,355	-500	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	173	397	24	228	- -	- -	-49	- -	- -	-41	63	20	-232	-535	-90
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	436	873	233	391	249	192	52	-290	-1,275	-4,062	-2,616	-3,329	-3,610	-2,424	-2,343
+ Dividends Paid	-216	-663	-883	-290	-666	-409	-441	-2,117	-519	-533	-560	-583	-607	-656	-684
+ Net Cash From Debt	-340	313	-744	-180	-15	-94	-642	-383	460	1,056	2,066	2,139	2,135	2,184	829
+ Cash From Debt	20	715	618	794	968	127	21	- -	683	1,391	4,132	5,184	3,540	4,347	6,330
+ Repayments of Debt	-360	-402	-1,362	-974	-982	-221	-662	-383	-223	-335	-2,066	-3,046	-1,405	-2,163	-5,501
+ Other Financing Activities	493	13	58	-135	103	-14	867	138	1,130	409	710	185	812	142	523
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-968	-1,085	-2,018	-1,195	-1,612	-1,801	-956	-3,762	340	734	2,030	1,585	2,107	1,416	452
Effect of Foreign Exchange Rates	-15	-2	21	-60	-117	-4	35	-17	-37	27	-2	-77	34	43	-11
Net Changes in Cash	1,090	855	250	1,333	889	119	231	-1,822	-667	-2,244	660	212	-414	-37	-824
EBITDA	2,748	2,597	3,015	3,316	3,125	2,453	2,345	2,112	1,624	1,373	2,375	2,323	1,882	1,613	1,632
EBITDA Margin (%)	38.49	36.58	37.76	39.05	39.31	37.06	36.68	34.05	28.65	24.67	28.18	28.07	23.98	19.02	18.6
Free Cash Flow	1,490	988	1,974	2,085	2,183	1,630	1,060	2,123	35	980	1,166	1,866	940	794	912
Net Cash Paid for Acquisitions	111	- -	-1	- -	- -	- -	14	87	494	3,821	9	1,355	500	-175	- -
Free Cash Flow to Firm	1,516	1,014	2,007	2,118	2,211	1,665	1,097	2,139	51	1,005	1,239	1,942	1,035	866	978
Free Cash Flow to Equity	1,150	1,301	1,230	1,905	2,168	1,536	419	1,740	495	2,036	3,232	4,005	3,075	2,978	1,741
Free Cash Flow per Basic Share	2.25	1.54	3.12	3.34	3.55	2.79	1.9	3.95	0.07	1.99	2.38	3.82	1.92	1.56	1.76
Price/Free Cash Flow	12.11	23.43	15.28	15.58	9.87	11.38	20.56	7	28.98	8.44	11.01	5.14	9.74	8.95	9.8
Cash Flow to Net Income	0.84	0.55	0.95	0.9	1.11	1	0.67	2.92	0.22	1.36	0.68	1.51	1.23	2.09	2.03
Capital Expenditures	-132	-78	-62	-53	-69	-98	-75	-106	-234	-104	-79	-90	-149	-177	-154