Avis Budget Group, Inc.

CAR

CARAvis Budget Group, Inc. US flag

NASDAQ Global Select

173.86

USD

+1.48

- -

6.14BMarket 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	6,134	7,454	7,943	8,492	8,562	8,669	8,796	9,172	9,254	5,559	9,674	13,013	12,664	11,622	11,414
+ Sales & Services Revenue	6,134	7,454	7,943	8,492	8,562	8,669	8,796	9,172	9,254	5,559	9,674	13,013	12,664	11,622	11,414
- Cost of Revenue	1,743	1,865	2,081	2,285	2,282	2,341	2,455	2,541	2,489	1,843	1,871	2,249	3,131	3,750	3,695
+ Cost of Goods & Services	1,743	1,865	2,081	2,285	2,282	2,341	2,455	2,541	2,489	1,843	1,871	2,249	3,131	3,750	3,695
Gross Profit	4,391	5,589	5,862	6,207	6,280	6,328	6,341	6,631	6,765	3,716	7,803	10,764	9,533	7,872	7,719
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	3,876	4,874	5,245	5,511	5,595	5,743	5,865	6,115	6,198	4,311	5,672	6,858	7,299	7,603	7,535
+ Selling, General & Admin	756	925	1,019	1,080	1,093	1,134	1,120	1,220	1,237	703	1,145	1,348	1,408	1,352	1,447
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	3,120	3,949	4,226	4,431	4,502	4,609	4,745	4,895	4,961	3,608	4,527	5,510	5,891	6,251	6,088
Operating Income (Loss)	515	715	617	696	685	585	476	516	567	-595	2,131	3,906	2,234	269	184
- Non-Operating (Income) Loss	479	415	520	304	303	306	265	249	280	361	423	270	320	2,896	1,113
+ Interest Expense, Net	219	268	228	209	194	203	188	188	178	231	218	250	296	358	422
+ Interest Expense	219	268	228	209	194	203	188	188	178	231	218	250	296	358	422
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	260	147	292	95	109	103	77	61	102	130	205	20	24	2,538	691
Pretax Income	36	300	97	392	382	279	211	267	287	-956	1,708	3,636	1,914	-2,627	-929
- Income Tax Expense (Benefit)	65	10	81	147	69	116	-150	102	-15	-272	425	880	279	-810	66
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-29	290	16	245	313	163	361	165	302	-684	1,283	2,756	1,635	-1,817	-995
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-4	-16	6	8	-212
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-4	-16	6	8	-212
Income (Loss) Incl. MI	-29	290	16	245	313	163	361	165	302	-684	1,287	2,772	1,629	-1,825	-783
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	8	-3	-4	106
Net Income, GAAP	-29	290	16	245	313	163	361	165	302	-684	1,285	2,764	1,632	-1,821	-889
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-29	290	16	245	313	163	361	165	302	-684	1,285	2,764	1,632	-1,821	-889
EBIT	515	715	617	696	685	585	476	516	567	-595	2,131	3,906	2,234	269	184
EBITDA	2,005	2,278	2,447	2,716	2,740	2,715	2,682	2,746	3,709	1,966	4,611	6,717	5,684	4,278	4,153
EBITDA Margin (%)	32.69	30.56	30.81	31.98	32	31.32	30.49	29.94	40.08	35.37	47.66	51.62	44.88	36.81	36.39
EBITA	515	715	617	696	685	585	476	516	567	-595	2,131	3,906	2,234	269	184
Gross Margin (%)	71.58	74.98	73.8	73.09	73.35	73	72.09	72.3	73.1	66.85	80.66	82.72	75.28	67.73	67.63
Operating Margin (%)	8.4	9.59	7.77	8.2	8	6.75	5.41	5.63	6.13	-10.7	22.03	30.02	17.64	2.31	1.61
Profit Margin (%)	-0.47	3.89	0.2	2.89	3.66	1.88	4.1	1.8	3.26	-12.3	13.28	21.24	12.89	-15.67	-7.79
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.27	- -	- -
Depreciation Expense	1,490	1,563	1,830	2,020	2,055	2,130	2,206	2,230	3,142	2,561	2,480	2,811	3,450	4,009	3,969
Basic Weighted Avg Shares	105	107	108	105	103	92	83	79	75	70	65	47	38	36	35
Basic EPS, GAAP	-0.28	2.72	0.15	2.32	3.03	1.77	4.33	2.08	4.02	-9.7	19.8	58.44	42.61	-51.3	-25.26
Basic EPS from Cont Ops	-0.28	2.72	0.15	2.32	3.03	1.77	4.33	2.08	4.02	-9.7	19.77	58.27	42.69	-51.18	-28.27
Diluted Weighted Avg Shares	105	122	117	111	105	93	85	80	76	70	66	48	39	36	35
Diluted EPS, GAAP	-0.28	2.38	0.14	2.22	2.98	1.75	4.26	2.06	3.99	-9.7	19.44	57.11	42.06	-51.3	-25.26
Diluted EPS from Cont Ops	-0.28	2.38	0.14	2.22	2.98	1.75	4.26	2.06	3.99	-9.7	19.41	56.94	42.14	-51.18	-28.27

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	1,541	1,710	1,944	1,679	1,627	1,817	2,066	2,174	2,145	1,795	1,847	1,886	2,139	2,034	2,093
+ Cash, Cash Equivalents & STI	534	606	693	624	452	490	611	615	686	692	534	570	555	534	519
+ Cash & Cash Equivalents	534	606	693	624	452	490	611	615	686	692	534	570	555	534	519
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	599	661	751	724	827	961	1,096	1,135	1,084	794	1,013	952	1,092	1,025	1,124
+ Accounts Receivable, Net	507	553	619	599	668	808	922	955	911	647	775	810	900	838	878
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	92	108	132	125	159	153	174	180	173	147	238	142	192	187	246
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	408	443	500	331	348	366	359	424	375	309	300	364	492	475	450
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	11,397	13,508	14,340	15,163	16,007	15,826	15,633	16,975	20,981	15,743	20,753	24,041	30,430	27,007	29,164
+ Property, Plant & Equip, Net	8,312	9,184	9,437	10,179	10,376	10,168	10,704	11,614	15,228	11,090	15,606	18,643	23,879	20,779	22,275
+ Property, Plant & Equip	10,377	11,418	11,845	12,659	12,786	12,649	13,508	14,510	18,127	13,892	19,077	22,293	28,079	25,553	26,833
- Accumulated Depreciation	2,065	2,234	2,408	2,480	2,410	2,481	2,804	2,896	2,899	2,802	3,471	3,650	4,200	4,774	4,558
+ LT Investments & Receivables	381	403	363	362	362	362	423	559	649	667	842	1,053	1,304	1,408	1,727
+ LT Investments	381	403	363	362	362	362	423	559	649	667	842	1,053	1,304	1,408	1,727
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2,704	3,921	4,540	4,622	5,269	5,296	4,506	4,802	5,104	3,986	4,305	4,345	5,247	4,820	5,162
+ Total Intangible Assets	1,066	1,106	1,614	1,728	1,890	1,877	1,923	1,917	1,899	1,911	1,832	1,736	1,769	1,672	1,718
+ Goodwill	353	375	691	842	973	1,007	1,073	1,092	1,101	1,137	1,108	1,070	1,099	1,071	1,129
+ Other Intangible Assets	713	731	923	886	917	870	850	825	798	774	724	666	670	601	589
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1,638	2,815	2,926	2,894	3,379	3,419	2,583	2,885	3,205	2,075	2,473	2,609	3,478	3,148	3,444
Total Assets	12,938	15,218	16,284	16,842	17,634	17,643	17,699	19,149	23,126	17,538	22,600	25,927	32,569	29,041	31,257
+ Payables & Accruals	871	928	747	751	771	878	1,046	971	987	848	1,131	1,185	1,343	1,319	1,404
+ Accounts Payable	312	309	344	328	352	343	359	371	378	394	407	466	487	450	453
+ Accrued Taxes	282	206	193	194	220	206	218	208	223	215	313	246	251	305	391
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	277	413	210	229	199	329	469	392	386	239	411	473	605	564	560
+ ST Debt	37	57	89	28	26	279	26	23	498	533	515	582	608	648	704
+ ST Borrowings	37	57	89	28	26	279	26	23	19	19	19	27	32	20	24
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	479	514	496	555	576	628	680
+ Other ST Liabilities	562	493	732	740	714	610	573	722	740	672	762	807	708	753	781
+ Deferred Revenue	- -	60	87	89	103	114	135	140	125	70	185	188	168	149	155
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	562	433	645	651	611	496	438	582	615	602	577	619	540	604	626
Total Current Liabilities	1,470	1,478	1,568	1,519	1,511	1,767	1,645	1,716	2,225	2,053	2,408	2,574	2,659	2,720	2,889
+ LT Debt	8,732	9,654	10,642	11,381	12,295	12,122	12,794	13,760	16,624	13,126	17,290	20,337	25,845	25,393	27,851
+ LT Borrowings	8,732	9,654	10,642	11,381	12,295	12,122	12,794	13,760	14,484	11,048	15,380	18,453	23,728	22,909	25,237
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	2,140	2,078	1,910	1,884	2,117	2,484	2,614
+ Other LT Liabilities	2,324	3,329	3,303	3,277	3,389	3,533	2,687	3,259	3,621	2,514	3,111	3,716	4,408	3,245	3,559
+ Accrued Liabilities	982	2,163	2,177	2,267	2,367	2,429	1,594	1,961	2,189	1,383	2,242	2,754	3,418	2,442	2,677
+ Pension Liabilities	191	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1,151	1,166	1,126	1,010	1,022	1,104	1,093	1,298	1,432	1,131	869	962	990	803	882
Total Noncurrent Liabilities	11,056	12,983	13,945	14,658	15,684	15,655	15,481	17,019	20,245	15,640	20,401	24,053	30,253	28,638	31,410
Total Liabilities	12,526	14,461	15,513	16,177	17,195	17,422	17,126	18,735	22,470	17,693	22,809	26,627	32,912	31,358	34,299
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	8,533	8,212	7,894	7,213	7,011	6,919	6,821	6,772	6,742	6,669	6,677	6,667	6,635	6,621	6,623
+ Common Stock	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	8,532	8,211	7,893	7,212	7,010	6,918	6,820	6,771	6,741	6,668	6,676	6,666	6,634	6,620	6,622
- Treasury Stock	5,533	5,189	4,880	4,411	4,623	4,905	5,002	5,134	5,144	5,167	6,579	9,848	10,742	10,767	10,753
+ Retained Earnings	-2,666	-2,376	-2,360	-2,115	-1,802	-1,639	-1,222	-1,091	-785	-1,470	-185	2,579	3,854	2,029	1,139
+ Other Equity	78	110	117	-22	-147	-154	-24	-133	-157	-187	-133	-101	-96	-210	-138
Equity Before Minority Interest	412	757	771	665	439	221	573	414	656	-155	-220	-703	-349	-2,327	-3,129
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11	3	6	10	87
Total Equity	412	757	771	665	439	221	573	414	656	-155	-209	-700	-343	-2,317	-3,042
Total Liabilities & Equity	12,938	15,218	16,284	16,842	17,634	17,643	17,699	19,149	23,126	17,538	22,600	25,927	32,569	29,041	31,257
Shares Outstanding	105	107	107	106	98	86	81	76	74	70	56	39	35	35	35
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	2,619	2,592	2,406	2,439	2,693	3,112	3,294
Net Debt	8,235	9,105	10,038	10,785	11,869	11,911	12,209	13,168	13,817	10,375	14,865	17,910	23,205	22,395	24,742
Net Debt to Equity	1,998.79	1,202.77	1,301.95	1,621.8	2,703.64	5,389.59	2,130.72	3,180.68	2,106.25	-6,693.55	-7,112.44	-2,558.57	-6,765.31	-966.55	-813.35
Tangible Common Equity Ratio	-5.51	-2.47	-5.75	-7.03	-9.22	-10.5	-8.56	-8.72	-5.86	-13.22	-9.83	-10.07	-6.86	-14.57	-16.11
Current Ratio	1.05	1.16	1.24	1.11	1.08	1.03	1.26	1.27	0.96	0.87	0.77	0.73	0.8	0.75	0.72
Cash Conversion Cycle	-30.09	-34.82	-30.34	-27.5	-27.38	-23.11	-16.29	-15.08	-18.12	-25.3	-51.3	-48.61	-30.91	-18.31	-17.16

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	-29	290	16	245	313	163	361	165	302	-684	1,283	2,756	1,635	-1,817	-995
+ Depreciation & Amortization	1,490	1,563	1,830	2,020	2,055	2,130	2,206	2,230	3,142	2,561	2,480	2,811	3,450	4,009	3,969
+ Non-Cash Items	86	312	515	340	355	405	107	175	-947	-1,121	286	-107	-59	2,264	1,265
+ Stock-Based Compensation	- -	- -	20	25	28	27	13	24	22	9	30	25	30	19	19
+ Deferred Income Taxes	32	128	37	65	58	51	-192	14	-103	-317	378	682	191	-905	-24
+ Asset Impairment Charge	- -	- -	33	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,470	518
+ Other Non-Cash Adj	54	184	425	250	269	327	286	137	-866	-813	-122	-814	-280	680	752
+ Chg in Non-Cash Work Cap	31	-276	-108	-26	-96	-58	-26	39	89	-65	-558	-753	-1,198	-938	-943
+ (Inc) Dec in Accts Receiv	29	-65	-66	-60	-42	-65	-59	-44	10	115	-143	-97	-43	51	60
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	20	-28	-28	-3	-36	2	49	48	84	-181	414	217	-72	63	110
+ Inc (Dec) in Other	-18	-183	-14	37	-18	5	-16	35	-5	1	-829	-873	-1,083	-1,052	-1,113
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,578	1,889	2,253	2,579	2,627	2,640	2,648	2,609	2,586	691	3,491	4,707	3,828	3,518	3,296
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	7,196	9,196	9,409	9,666	9,680	10,504	9,600	9,648	10,460	8,753	4,077	6,606	8,403	7,394	10,406
+ Disp of Fixed Prod Assets	7,196	9,196	9,409	9,666	9,680	10,504	9,600	9,648	10,460	8,753	4,077	6,606	8,403	7,394	10,406
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-8,724	-11,199	-11,051	-12,057	-12,127	-12,651	-11,735	-12,820	-13,137	-5,495	-10,162	-10,737	-15,458	-10,062	-15,274
+ Acq of Fixed Prod Assets	-8,724	-11,199	-11,051	-12,057	-12,127	-12,651	-11,735	-12,820	-13,137	-5,495	-10,162	-10,737	-15,458	-10,062	-15,274
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	-48	-297	-436	-398	-210	-216	-67	-104	-1,460	-3,329	-951	-70	-7
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	15	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	-48	-297	-436	-398	-210	-216	-67	-119	-1,460	-3,329	-951	-70	-7
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	-61	-136	-90	-18	-175	-134	-235	-97	-289
+ Dec in LT Investment	400	- -	- -	- -	- -	- -	- -	52	161	268	192	305	306	701	783
+ Inc in LT Investment	-400	- -	- -	- -	- -	- -	-61	-188	-251	-286	-367	-439	-541	-798	-1,072
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-845	-70	-592	-416	-238	-35	-8	-118	15	-63	-46	-34	-56	12	-7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-2,373	-2,073	-2,234	-2,807	-2,685	-2,182	-2,204	-3,426	-2,752	3,177	-6,306	-4,299	-7,346	-2,753	-5,164
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-355	- -	- -
+ Net Cash From Debt	631	269	202	519	566	-10	-70	924	416	-3,897	4,157	2,964	4,878	-639	1,728
+ Cash From Debt	11,216	13,260	15,925	15,244	14,515	16,663	17,801	17,824	20,271	14,549	15,567	18,148	24,916	22,904	27,553
+ Repayments of Debt	-10,585	-12,991	-15,723	-14,725	-13,949	-16,673	-17,871	-16,900	-19,855	-18,446	-11,410	-15,184	-20,038	-23,543	-25,825
+ Other Financing Activities	-207	-19	-78	-40	-58	-41	-28	-41	-31	-44	-10	5	-66	-72	137
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	424	250	76	182	72	-449	-308	667	318	-4,045	2,687	-360	3,506	-781	1,858
Effect of Foreign Exchange Rates	-6	6	-8	-23	-50	-6	45	-16	13	42	-11	-32	14	-31	31
Net Changes in Cash	-371	66	95	-46	14	9	136	-150	152	-177	-128	48	-12	-16	-10
EBITDA	2,005	2,278	2,447	2,716	2,740	2,715	2,682	2,746	3,709	1,966	4,611	6,717	5,684	4,278	4,153
EBITDA Margin (%)	32.69	30.56	30.81	31.98	32	31.32	30.49	29.94	40.08	35.37	47.66	51.62	44.88	36.81	36.39
Free Cash Flow	-7,146	-9,310	-8,798	-9,478	-9,500	-10,011	-9,087	-10,211	-10,551	-4,804	-6,671	-6,030	-11,630	-6,544	-11,978
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	-7,322	-9,051	-8,760	-9,347	-9,341	-9,892	- -	-10,095	- -	- -	-6,507	-5,841	-11,377	- -	- -
Free Cash Flow to Equity	681	155	813	707	746	483	443	361	325	52	1,563	3,540	1,651	211	156
Free Cash Flow per Basic Share	-67.93	-87.34	-81.77	-89.92	-91.88	-108.82	-108.96	-128.76	-140.31	-68.14	-102.79	-127.48	-303.66	-184.34	-340.28
Price/Free Cash Flow	0.11	0.18	0.35	0.5	0.26	0.22	0.26	0.12	0.16	0.43	1	0.51	0.36	0.21	0.24
Cash Flow to Net Income	-54.41	6.51	140.81	10.53	8.39	16.2	7.34	15.81	8.56	-1.01	2.72	1.7	2.35	-1.93	-3.71
Capital Expenditures	-8,724	-11,199	-11,051	-12,057	-12,127	-12,651	-11,735	-12,820	-13,137	-5,495	-10,162	-10,737	-15,458	-10,062	-15,274