Conagra Brands, Inc.

CAG

CAGConagra Brands, Inc. US flag

New York Stock Exchange

12.58

USD

-0.28

- -

6.02BMarket 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	12,386	13,331	13,469	11,838	9,034	8,664	7,827	7,938	9,538	11,054	11,185	11,536	12,277	12,051	11,613
+ Sales & Services Revenue	12,386	13,331	13,469	11,838	9,034	8,664	7,827	7,938	9,538	11,054	11,185	11,536	12,277	12,051	11,613
- Cost of Revenue	9,484	10,532	10,104	8,911	6,738	6,235	5,483	5,587	6,885	7,985	8,006	8,697	9,012	8,718	8,609
+ Cost of Goods & Services	9,484	10,532	10,104	8,911	6,738	6,235	5,483	5,587	6,885	7,985	8,006	8,697	9,012	8,718	8,609
Gross Profit	2,903	2,799	3,365	2,927	2,296	2,429	2,344	2,352	2,653	3,070	3,179	2,839	3,265	3,333	3,004
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,499	1,980	2,066	1,779	1,383	2,025	1,474	1,398	1,473	1,622	1,403	1,493	1,432	1,488	1,537
+ Selling, General & Admin	1,499	1,980	2,066	1,779	1,383	2,025	1,474	1,398	1,473	1,622	1,403	1,493	1,432	1,488	1,537
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	1,404	819	1,299	1,148	913	405	870	953	1,180	1,447	1,776	1,346	1,833	1,846	1,466
- Non-Operating (Income) Loss	178	204	276	378	328	296	140	78	356	477	366	167	931	1,236	310
+ Interest Expense, Net	178	204	276	378	328	296	196	159	391	487	420	380	410	430	417
+ Interest Expense	220	208	279	380	329	297	199	162	398	490	422	382	414	436	419
- Interest Income	42	4	3	2	1	1	4	4	7	3	2	2	4	6	2
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	-55	-80	-35	-10	-54	-213	521	805	-107
Pretax Income	1,226	615	1,023	771	585	109	730	875	823	970	1,410	1,179	902	610	1,156
- Income Tax Expense (Benefit)	422	192	362	178	213	46	255	175	219	201	194	290	219	262	4
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	831	468	698	625	451	128	546	798	680	842	1,301	888	683	348	1,152
- Net Extraordinary Losses (Gains)	15	6	-63	334	716	817	-85	-8	2	3	4	- -	-1	1	- -
+ Discontinued Operations	-12	6	88	-310	-692	-794	102	14	-2	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	27	- -	-151	644	1,408	1,611	-187	-22	4	3	4	- -	-1	1	- -
Income (Loss) Incl. MI	816	461	762	291	-264	-688	631	805	678	838	1,297	888	684	347	1,152
- Minority Interest	-2	-6	-12	-12	-12	-11	-9	-3	- -	-2	-2	- -	- -	- -	- -
Net Income, GAAP	818	468	774	303	-253	-677	639	808	678	840	1,299	888	684	347	1,152
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	818	468	774	303	-253	-677	639	808	678	840	1,299	888	684	347	1,152
EBIT	1,404	819	1,299	1,148	913	405	870	953	1,180	1,447	1,776	1,346	1,833	1,846	1,466
EBITDA	1,764	1,190	1,718	1,503	1,197	683	1,138	1,210	1,513	1,836	2,164	1,721	2,203	2,247	1,856
EBITDA Margin (%)	14.25	8.92	12.75	12.7	13.25	7.88	14.54	15.24	15.86	16.61	19.35	14.92	17.94	18.64	15.99
EBITA	1,404	819	1,299	1,148	913	405	870	953	1,180	1,447	1,776	1,346	1,833	1,846	1,466
Gross Margin (%)	23.43	21	24.98	24.73	25.42	28.04	29.95	29.62	27.81	27.77	28.42	24.61	26.59	27.66	25.86
Operating Margin (%)	11.33	6.14	9.64	9.7	10.1	4.67	11.11	12.01	12.37	13.09	15.88	11.67	14.93	15.32	12.63
Profit Margin (%)	6.6	3.51	5.75	2.56	-2.8	-7.81	8.17	10.18	7.11	7.6	11.61	7.7	5.57	2.88	9.92
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.87	0.94	0.98	1	1	1	0.96	0.85	0.8	0.85	0.98	1.21	1.3	1.38	1.4
Depreciation Expense	361	371	419	355	285	278	268	257	333	389	388	375	370	401	390
Basic Weighted Avg Shares	430	413	411	421	426	434	432	404	444	487	486	480	479	479	478
Basic EPS, GAAP	1.9	1.13	1.88	0.72	-0.59	-1.56	1.48	2	1.53	1.72	2.67	1.85	1.43	0.73	2.41
Basic EPS from Cont Ops	1.93	1.13	1.7	1.48	1.06	0.3	1.26	1.97	1.53	1.73	2.68	1.85	1.43	0.73	2.41
Diluted Weighted Avg Shares	434	418	418	428	426	438	436	407	446	489	488	482	481	480	480
Diluted EPS, GAAP	1.88	1.12	1.85	0.71	-0.59	-1.54	1.47	1.98	1.52	1.72	2.66	1.84	1.42	0.72	2.4
Diluted EPS from Cont Ops	1.91	1.12	1.67	1.46	1.06	0.29	1.25	1.96	1.53	1.72	2.67	1.84	1.42	0.72	2.4

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	3,899	3,219	4,380	4,231	3,563	3,577	2,013	1,939	2,734	2,886	2,702	3,034	3,385	3,150	3,071
+ Cash, Cash Equivalents & STI	972	103	184	141	165	798	251	128	237	553	79	83	93	78	68
+ Cash & Cash Equivalents	972	103	184	141	165	798	251	128	237	553	79	83	93	78	68
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	849	925	1,279	1,058	739	650	563	569	818	861	794	867	953	872	770
+ Accounts Receivable, Net	857	925	1,279	1,058	739	650	563	569	818	861	794	867	953	872	770
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	-8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	1,803	1,870	2,341	2,077	1,643	1,044	928	989	1,549	1,365	1,710	1,967	2,212	1,982	2,048
+ Raw Materials	727	651	828	623	444	254	229	249	339	365	363	475	470	403	412
+ Work In Process	83	96	118	119	125	110	92	92	127	125	125	165	224	277	244
+ Finished Goods	993	1,122	1,395	1,335	1,073	680	607	648	1,083	875	1,222	1,326	1,518	1,301	1,393
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	274	321	576	954	1,017	1,084	270	253	130	107	119	116	127	218	185
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	7,509	8,223	16,026	15,089	13,874	9,814	8,083	8,451	19,480	19,418	19,494	19,401	18,668	17,713	17,863
+ Property, Plant & Equip, Net	2,670	2,742	3,758	3,636	2,645	1,698	1,633	1,590	2,327	2,365	2,572	2,737	2,736	2,821	2,836
+ Property, Plant & Equip	5,698	5,996	7,087	7,109	6,068	4,199	4,093	4,008	4,906	5,128	5,565	5,896	6,135	6,314	6,574
- Accumulated Depreciation	3,028	3,254	3,329	3,473	3,424	2,502	2,460	2,419	2,579	2,762	2,993	3,159	3,398	3,493	3,738
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	4,839	5,481	12,268	11,453	11,230	8,116	6,450	6,861	17,153	17,053	16,922	16,664	15,931	14,892	15,027
+ Total Intangible Assets	4,546	5,207	11,830	11,033	5,817	5,542	5,519	5,770	15,975	15,664	15,464	15,187	14,302	12,811	12,923
+ Goodwill	3,609	4,015	8,427	7,828	4,545	4,319	4,295	4,487	11,435	11,362	11,339	11,329	11,109	10,326	10,502
+ Other Intangible Assets	936	1,192	3,404	3,205	1,272	1,223	1,224	1,283	4,539	4,302	4,125	3,858	3,192	2,485	2,421
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	294	274	438	419	5,413	2,574	931	1,091	1,178	1,389	1,458	1,477	1,630	2,081	2,104
Total Assets	11,409	11,442	20,405	19,320	17,438	13,391	10,096	10,390	22,214	22,304	22,196	22,435	22,053	20,862	20,934
+ Payables & Accruals	1,638	2,147	2,694	2,252	1,933	1,495	1,493	1,738	2,116	2,422	2,574	2,627	2,272	2,276	2,481
+ Accounts Payable	1,084	1,190	1,498	1,349	1,080	707	773	905	1,252	1,507	1,656	1,865	1,526	1,494	1,590
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	554	957	1,196	902	853	788	720	833	864	915	918	763	747	782	891
+ ST Debt	364	78	703	226	1,016	573	227	584	22	847	730	892	2,152	949	1,834
+ ST Borrowings	364	78	703	226	1,016	573	227	584	22	847	730	892	2,152	949	1,834
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	21	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	124	- -	5	165	361	464	- -	14	5	18	2	- -	16	18	3
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	124	- -	5	165	361	464	- -	14	5	18	2	- -	16	18	3
Total Current Liabilities	2,126	2,225	3,401	2,642	3,310	2,532	1,720	2,336	2,143	3,287	3,306	3,519	4,441	3,242	4,317
+ LT Debt	2,870	2,859	8,887	8,720	6,889	4,881	2,769	3,232	10,656	9,107	8,460	8,288	7,267	7,493	6,234
+ LT Borrowings	2,870	2,859	8,887	8,720	6,889	4,881	2,769	3,232	10,656	8,901	8,275	8,088	7,081	7,493	6,234
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	206	185	199	186	172	- -
+ Other LT Liabilities	1,736	1,822	2,754	2,601	2,629	2,182	1,529	1,065	1,952	1,959	1,798	1,766	1,538	1,617	1,450
+ Accrued Liabilities	- -	- -	- -	- -	- -	342	466	487	1,349	1,330	1,271	1,344	1,144	1,024	810
+ Pension Liabilities	- -	- -	- -	- -	- -	1,105	710	262	262	325	197	161	138	128	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1,736	1,822	2,754	2,601	2,629	735	352	316	340	304	329	261	256	464	640
Total Noncurrent Liabilities	4,606	4,681	11,641	11,322	9,518	7,063	4,298	4,297	12,608	11,066	10,258	10,054	8,805	9,109	7,684
Total Liabilities	6,732	6,906	15,042	13,964	12,828	9,596	6,018	6,633	14,750	14,353	13,564	13,573	13,245	12,351	12,001
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	3,739	3,741	3,846	3,877	3,889	3,976	4,012	4,020	5,207	5,244	5,263	5,246	5,298	5,284	5,268
+ Common Stock	2,840	2,840	2,840	2,840	2,840	2,840	2,840	2,840	2,921	2,921	2,921	2,921	2,921	2,921	2,921
+ Additional Paid in Capital	899	902	1,006	1,037	1,049	1,136	1,172	1,180	2,286	2,323	2,342	2,325	2,377	2,363	2,347
- Treasury Stock	3,668	3,768	3,515	3,494	3,365	3,136	4,055	4,978	2,760	2,730	2,980	2,998	3,116	3,085	3,111
+ Retained Earnings	4,690	4,765	5,130	5,011	4,331	3,218	4,247	4,745	5,048	5,471	6,263	6,551	6,599	6,276	6,759
+ Other Equity	-91	-299	-196	-134	-330	-344	-213	-110	-110	-110	6	-11	-44	-36	16
Equity Before Minority Interest	4,670	4,440	5,264	5,258	4,526	3,714	3,991	3,676	7,385	7,876	8,552	8,788	8,737	8,440	8,933
+ Minority/Non Controlling Interest	7	96	99	97	84	81	87	80	79	75	80	74	70	71	- -
Total Equity	4,677	4,536	5,363	5,355	4,610	3,795	4,078	3,757	7,464	7,951	8,631	8,862	8,807	8,511	8,933
Total Liabilities & Equity	11,409	11,442	20,405	19,320	17,438	13,391	10,096	10,390	22,214	22,304	22,196	22,435	22,053	20,862	20,934
Shares Outstanding	410	408	419	422	428	438	417	391	486	487	480	480	477	478	477
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	21	206	185	199	186	172	- -
Net Debt	2,261	2,834	9,406	8,805	7,740	4,657	2,745	3,688	10,441	9,194	8,926	8,896	9,140	8,364	8,000
Net Debt to Equity	48.35	62.47	175.39	164.42	167.89	122.71	67.32	98.17	139.89	115.64	103.42	100.39	103.78	98.26	89.55
Tangible Common Equity Ratio	1.91	-10.76	-75.42	-68.53	-10.39	-22.26	-31.49	-43.59	-136.41	-116.16	-101.49	-87.26	-70.89	-53.4	-49.81
Current Ratio	1.83	1.45	1.29	1.6	1.08	1.41	1.17	0.83	1.28	0.88	0.82	0.86	0.76	0.97	0.71
Cash Conversion Cycle	53	48.88	59.52	66.43	66.72	50.05	43.61	34.41	40.93	29.76	27.96	31.67	44.85	50.5	46.36

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	831	468	698	625	451	128	546	798	680	842	1,301	888	683	348	1,152
+ Depreciation & Amortization	361	371	419	355	285	278	268	257	333	389	388	375	370	401	390
+ Non-Cash Items	4	75	80	136	90	558	122	-186	-1	299	78	132	759	1,144	172
+ Stock-Based Compensation	45	42	67	45	33	42	36	38	34	59	64	26	79	31	42
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	20	9	20	119	36	63	343	15	94	260	96	285	771	1,036	177
+ Other Non-Cash Adj	-60	24	-7	-28	21	454	-257	-238	-129	-20	-82	-178	-92	78	-46
+ Chg in Non-Cash Work Cap	144	131	173	5	14	-340	199	51	102	313	-298	-219	-816	123	-23
+ (Inc) Dec in Accts Receiv	3	-4	-52	50	68	-157	105	-5	-69	-44	66	-70	-102	62	107
+ (Inc) Dec in Inventories	-191	17	56	7	-63	66	123	-63	78	164	-364	-233	-265	132	-36
+ (Inc) Dec in Prepaid Assets	8	6	-13	- -	-19	11	15	3	-19	-14	-8	-10	24	-2	-1
+ Inc (Dec) in Accts Payable	60	120	56	-54	-18	5	-96	105	29	184	67	128	-258	12	131
+ Inc (Dec) in Other	264	-7	126	- -	45	-265	52	10	84	23	-59	-34	-214	-81	-224
+ Net Cash From Disc Ops	12	7	42	448	665	634	35	34	11	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,352	1,052	1,412	1,569	1,505	1,259	1,170	954	1,126	1,843	1,468	1,177	995	2,016	1,692
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	19	10	18	40	- -	36	13	8	22	14	2	20	3	1	3
+ Disp of Fixed Prod Assets	19	10	18	40	- -	36	13	8	22	14	2	20	3	1	3
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-484	-398	-427	-461	-236	-288	-242	-252	-353	-370	-506	-464	-362	-388	-389
+ Acq of Fixed Prod Assets	-466	-336	-423	-461	-236	-278	-242	-252	-353	-370	-506	-464	-362	-388	-389
+ Acq of Intangible Assets	-18	-62	-5	- -	- -	-10	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-825	-352	24	-100	-50	9	-1,000	-967	556	- -	-298	-50	-150	- -	-64
+ Increase in Capital Stock	- -	- -	269	- -	- -	9	- -	- -	556	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-825	-352	-245	-100	-50	- -	-1,000	-967	- -	- -	-298	-50	-150	- -	-64
+ Net Change in LT Investment	412	-40	- -	- -	- -	- -	- -	- -	-9	7	3	6	- -	- -	- -
+ Dec in LT Investment	412	- -	- -	- -	- -	- -	- -	- -	52	54	14	10	5	10	- -
+ Inc in LT Investment	- -	-40	- -	- -	- -	- -	- -	- -	-61	-47	-12	-4	-5	-10	- -
+ Net Cash From Acq & Div	-131	-635	-5,020	-40	371	-10	163	-337	-4,838	195	161	- -	- -	- -	-154
+ Cash from Divestitures	- -	- -	- -	- -	391	- -	489	- -	282	195	161	- -	- -	- -	77
+ Cash for Acq of Subs	-131	-635	-5,020	-40	-21	-10	-326	-337	-5,119	- -	- -	- -	- -	- -	-231
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	273	-1	-36	-70	-176	2,390	-118	4	11	- -	- -	3	4	12	-2
+ Net Cash From Disc Ops	255	-1	-36	-70	-176	2,379	-124	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	89	-1,064	-5,466	-532	-42	2,127	-184	-576	-5,166	-154	-340	-435	-355	-375	-542
+ Dividends Paid	-374	-389	-401	-421	-425	-432	-415	-342	-356	-414	-475	-582	-624	-659	-669
+ Net Cash From Debt	-294	-364	4,144	-569	-941	-2,493	-1,064	558	4,060	-947	-820	-72	139	-982	-407
+ Cash From Debt	- -	- -	6,218	- -	550	30	- -	800	8,310	- -	1,993	892	1,181	976	338
+ Repayments of Debt	-294	-364	-2,074	-569	-1,491	-2,523	-1,064	-242	-4,250	-948	-2,813	-964	-1,042	-1,958	-745
+ Other Financing Activities	62	255	366	56	-38	184	910	245	-110	-9	-17	-34	3	-15	-18
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1,432	-850	4,133	-1,034	-1,454	-2,733	-1,569	-507	4,150	-1,370	-1,610	-738	-632	-1,657	-1,158
Effect of Foreign Exchange Rates	10	-8	2	-4	-9	-2	- -	6	-1	-2	8	-1	2	1	-2
Net Changes in Cash	9	-862	79	3	9	653	-583	-129	109	318	-482	4	9	-16	-9
EBITDA	1,764	1,190	1,718	1,503	1,197	683	1,138	1,210	1,513	1,836	2,164	1,721	2,203	2,247	1,856
EBITDA Margin (%)	14.25	8.92	12.75	12.7	13.25	7.88	14.54	15.24	15.86	16.61	19.35	14.92	17.94	18.64	15.99
Free Cash Flow	868	654	985	1,108	1,268	971	928	703	772	1,473	962	713	633	1,628	1,303
Net Cash Paid for Acquisitions	131	635	5,020	40	-371	10	-163	337	4,838	-195	-161	- -	- -	- -	154
Free Cash Flow to Firm	1,012	797	1,165	1,399	1,478	1,142	1,058	833	1,065	1,862	1,326	1,001	946	1,876	1,720
Free Cash Flow to Equity	611	362	5,151	578	327	-1,476	-123	1,268	4,855	540	144	661	775	646	899
Free Cash Flow per Basic Share	2.02	1.58	2.4	2.63	2.98	2.24	2.15	1.74	1.74	3.02	1.98	1.48	1.32	3.4	2.72
Price/Free Cash Flow	4.65	5.61	5.92	5.27	7.31	10.03	11.9	12.52	8.07	7.68	9.41	9.66	12.35	5.97	5.28
Cash Flow to Net Income	1.65	2.25	1.82	5.18	-5.96	-1.86	1.83	1.18	1.66	2.19	1.13	1.33	1.46	5.81	1.47
Capital Expenditures	-484	-398	-427	-461	-236	-288	-242	-252	-353	-370	-506	-464	-362	-388	-389