CME Group Inc.

CME

CMECME Group Inc. US flag

NASDAQ Global Select

264.50

USD

+0.70

- -

95.84BMarket 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
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	3,281	2,915	2,936	3,112	3,327	3,595	3,645	4,309	4,868	4,884	4,690	5,019	5,579	6,130	6,521
+ Sales & Services Revenue	3,281	2,915	2,936	3,112	3,327	3,595	3,645	4,309	4,868	4,884	4,690	5,019	5,579	6,130	6,521
- Cost of Revenue	518	537	554	584	582	543	564	672	899	856	837	753	829	850	907
+ Cost of Goods & Services	518	537	554	584	582	543	564	672	899	856	837	753	829	850	907
Gross Profit	2,763	2,378	2,382	2,528	2,745	3,052	3,081	3,637	3,969	4,027	3,853	4,266	4,750	5,280	5,614
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	742	686	745	760	757	852	770	1,030	1,382	1,390	1,208	1,250	1,315	1,348	1,384
+ Selling, General & Admin	204	204	209	226	215	144	118	166	174	191	152	137	144	133	150
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	538	482	536	534	541	707	653	864	1,207	1,198	1,056	1,113	1,170	1,216	1,234
Operating Income (Loss)	2,021	1,692	1,637	1,768	1,989	2,200	2,311	2,608	2,588	2,637	2,645	3,016	3,436	3,932	4,230
- Non-Operating (Income) Loss	85	-1	36	-3	32	-87	-216	-170	-102	-85	-728	-474	-718	-610	-1,101
+ Interest Expense, Net	117	132	151	119	117	124	117	158	178	166	167	163	159	161	173
+ Interest Expense	117	132	151	119	117	124	117	158	178	166	167	163	159	161	173
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-32	-134	-115	-122	-86	-211	-333	-328	-280	-251	-895	-637	-877	-771	-1,274
Pretax Income	1,936	1,693	1,601	1,771	1,957	2,288	2,526	2,778	2,690	2,722	3,374	3,490	4,154	4,541	5,330
- Income Tax Expense (Benefit)	122	787	623	644	710	754	-1,537	814	574	616	737	799	927	1,016	1,258
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,814	907	978	1,127	1,247	1,534	4,063	1,964	2,116	2,106	2,637	2,691	3,226	3,526	4,072
- Net Extraordinary Losses (Gains)	4	21	3	- -	- -	- -	- -	3	-1	2	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	4	21	3	- -	- -	- -	- -	3	-1	2	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1,810	886	976	1,127	1,247	1,534	4,063	1,961	2,117	2,104	2,637	2,691	3,226	3,526	4,072
- Minority Interest	-2	-10	-1	- -	- -	- -	- -	-2	1	-1	- -	- -	- -	- -	- -
Net Income, GAAP	1,812	896	977	1,127	1,247	1,534	4,063	1,962	2,116	2,105	2,636	2,691	3,226	3,526	4,072
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	19	39	44	48	23
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,812	896	977	1,127	1,247	1,534	4,063	1,962	2,116	2,105	2,617	2,652	3,182	3,478	4,049
EBIT	2,021	1,692	1,637	1,768	1,989	2,200	2,311	2,608	2,588	2,637	2,645	3,016	3,436	3,932	4,230
EBITDA	2,282	1,945	1,875	2,002	2,217	2,426	2,519	2,856	3,061	3,102	3,031	3,378	3,788	4,268	4,560
EBITDA Margin (%)	69.55	66.74	63.86	64.31	66.65	67.47	69.12	66.28	62.88	63.51	64.62	67.31	67.9	69.63	69.94
EBITA	2,021	1,692	1,637	1,768	1,989	2,200	2,311	2,608	2,588	2,637	2,645	3,016	3,436	3,932	4,230
Gross Margin (%)	84.21	81.58	81.13	81.23	82.52	84.89	84.53	84.4	81.54	82.46	82.15	85	85.15	86.13	86.09
Operating Margin (%)	61.61	58.05	55.75	56.82	59.78	61.21	63.4	60.51	53.16	54.01	56.4	60.08	61.58	64.13	64.86
Profit Margin (%)	55.24	30.75	33.27	36.21	37.48	42.67	111.49	45.53	43.48	43.11	56.22	53.61	57.83	57.52	62.45
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.12	3.7	1.8	4.48	4	5.3	5.89	6.28	4.75	5.9	6.11	7.34	9.01	9.97	10.94
Depreciation Expense	260	253	238	233	229	225	208	249	473	464	385	363	353	337	331
Basic Weighted Avg Shares	333	331	333	334	336	337	339	342	357	358	358	359	359	359	360
Basic EPS, GAAP	5.45	2.71	2.94	3.37	3.71	4.55	12	5.73	5.93	5.88	7.3	7.39	8.86	9.68	11.26
Basic EPS from Cont Ops	5.45	2.74	2.94	3.37	3.71	4.55	12	5.74	5.92	5.89	7.36	7.5	8.99	9.81	11.32
Diluted Weighted Avg Shares	334	332	334	336	338	339	340	344	358	359	359	359	360	360	360
Diluted EPS, GAAP	5.43	2.7	2.92	3.35	3.69	4.53	11.94	5.71	5.91	5.87	7.29	7.38	8.85	9.66	11.24
Diluted EPS from Cont Ops	5.44	2.73	2.92	3.35	3.69	4.53	11.94	5.71	5.91	5.88	7.35	7.49	8.97	9.8	11.3

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
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	10,946	8,718	24,406	42,545	37,904	40,032	46,906	41,887	39,568	89,284	161,762	139,078	94,890	103,034	165,359
+ Cash, Cash Equivalents & STI	1,090	1,661	2,538	1,441	1,765	1,952	1,994	1,447	1,635	1,734	2,950	2,816	3,024	3,006	4,542
+ Cash & Cash Equivalents	1,042	1,605	2,470	1,366	1,693	1,869	1,904	1,374	1,551	1,633	2,835	2,720	2,912	2,892	4,417
+ ST Investments	48	57	68	75	72	83	90	73	83	101	115	96	112	113	125
+ Accounts & Notes Receiv	289	268	303	341	358	364	360	553	492	461	434	483	536	573	639
+ Accounts Receivable, Net	289	268	303	341	358	364	360	553	492	461	434	483	536	573	639
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	9,566	6,789	21,565	40,763	35,782	37,715	44,553	39,886	37,441	87,088	158,377	135,779	91,331	99,455	160,178
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	29,813	30,145	29,872	29,696	29,455	29,338	28,885	35,589	35,648	35,376	35,018	35,097	34,816	34,414	33,065
+ Property, Plant & Equip, Net	822	724	513	509	492	425	400	449	544	579	505	456	410	386	363
+ Property, Plant & Equip	1,398	1,364	1,192	1,250	1,280	1,022	1,076	1,210	1,412	1,540	1,545	1,601	1,343	1,410	1,368
- Accumulated Depreciation	576	640	678	741	789	597	677	761	868	961	1,040	1,145	933	1,024	1,006
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	28,991	29,421	29,359	29,187	28,963	28,913	28,485	35,140	35,104	34,796	34,513	34,642	34,406	34,027	32,702
+ Total Intangible Assets	28,337	27,596	27,486	27,382	27,282	27,186	27,091	33,481	33,036	32,839	31,235	30,928	30,721	30,484	30,301
+ Goodwill	7,984	7,567	7,569	7,569	7,569	7,569	7,569	10,805	10,742	10,799	10,528	10,482	10,495	10,487	10,515
+ Other Intangible Assets	20,353	20,029	19,916	19,813	19,713	19,617	19,522	22,675	22,293	22,041	20,707	20,445	20,226	19,997	19,786
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	654	1,825	1,873	1,806	1,681	1,727	1,394	1,660	2,068	1,957	3,278	3,714	3,686	3,544	2,402
Total Assets	40,759	38,863	54,278	72,242	67,359	69,369	75,791	77,476	75,215	124,660	196,780	174,176	129,706	137,447	198,424
+ Payables & Accruals	31	42	36	37	29	26	31	116	62	69	49	121	91	80	72
+ Accounts Payable	31	42	36	37	29	26	31	116	62	69	49	121	91	80	72
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	9,334	750	750	40,567	35,553	37,543	44,185	574	- -	- -	749	16	- -	750	- -
+ ST Borrowings	9,334	750	750	40,567	35,553	37,543	44,185	574	- -	- -	749	16	- -	750	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	250	6,826	22,525	928	1,243	1,377	1,456	40,582	38,461	88,129	159,600	137,550	93,326	101,484	160,225
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	250	6,826	22,525	928	1,243	1,377	1,456	40,582	38,461	88,129	159,600	137,550	93,326	101,484	160,225
Total Current Liabilities	9,615	7,617	23,311	41,531	36,824	38,946	45,673	41,273	38,522	88,198	160,398	137,688	93,417	102,314	160,297
+ LT Debt	2,107	2,107	2,107	2,108	2,229	2,231	2,233	3,827	3,743	3,444	2,696	3,422	3,425	2,678	3,422
+ LT Borrowings	2,107	2,107	2,107	2,108	2,229	2,231	2,233	3,827	3,743	3,444	2,696	3,422	3,425	2,678	3,422
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	7,414	7,634	7,699	7,679	7,754	7,852	5,473	6,411	6,790	6,666	6,287	6,187	6,126	5,968	5,977
+ Accrued Liabilities	7,227	7,413	7,250	7,303	7,358	7,291	4,858	5,666	5,635	5,607	5,390	5,361	5,328	5,247	5,242
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	188	220	449	376	396	561	616	745	1,155	1,059	896	826	798	721	735
Total Noncurrent Liabilities	9,521	9,741	9,806	9,787	9,983	10,083	7,706	10,238	10,534	10,110	8,983	9,610	9,551	8,646	9,399
Total Liabilities	19,136	17,358	33,117	51,318	46,808	49,029	53,379	51,510	49,056	98,308	169,381	147,297	102,968	110,960	169,696
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	17,116	17,216	17,508	17,600	17,725	17,830	17,900	21,058	21,117	21,189	22,194	22,265	22,338	22,407	22,213
+ Common Stock	3	3	3	3	3	3	3	4	4	4	4	4	4	4	4
+ Additional Paid in Capital	17,112	17,213	17,505	17,597	17,722	17,827	17,897	21,054	21,113	21,186	22,190	22,262	22,335	22,403	22,210
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	4,325	3,993	3,495	3,317	2,908	2,524	4,497	4,855	5,009	4,996	5,152	4,747	4,455	4,186	6,433
+ Other Equity	112	209	152	6	-81	-14	14	5	3	135	54	-133	-56	-106	82
Equity Before Minority Interest	21,552	21,419	21,155	20,924	20,552	20,341	22,412	25,918	26,129	26,320	27,399	26,879	26,738	26,487	28,728
+ Minority/Non Controlling Interest	70	87	6	- -	- -	- -	- -	47	30	32	- -	- -	- -	- -	- -
Total Equity	21,622	21,506	21,160	20,924	20,552	20,341	22,412	25,965	26,159	26,352	27,399	26,879	26,738	26,487	28,728
Total Liabilities & Equity	40,759	38,863	54,278	72,242	67,359	69,369	75,791	77,476	75,215	124,660	196,780	174,176	129,706	137,447	198,424
Shares Outstanding	331	332	334	335	337	338	339	357	357	358	359	359	359	360	359
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	10,398	1,252	387	41,309	36,090	37,905	44,515	3,026	2,192	1,811	610	718	513	536	-995
Net Debt to Equity	48.09	5.82	1.83	197.43	175.6	186.35	198.62	11.66	8.38	6.87	2.23	2.67	1.92	2.02	-3.46
Tangible Common Equity Ratio	-54.06	-54.05	-23.61	-14.4	-16.79	-16.23	-9.61	-17.08	-16.3	-7.07	-2.32	-2.83	-4.02	-3.74	-0.94
Current Ratio	1.14	1.14	1.05	1.02	1.03	1.03	1.03	1.01	1.03	1.01	1.01	1.01	1.02	1.01	1.03
Cash Conversion Cycle	3.44	10.12	9.79	14.91	17.76	18.22	17.65	-1.33	3.05	7.66	9.11	-7.88	-13.37	-3.59	3.41

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
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	1,814	907	978	1,127	1,247	1,534	4,063	1,964	2,116	2,106	2,637	2,691	3,226	3,526	4,072
+ Depreciation & Amortization	260	253	238	233	229	225	208	249	473	464	385	363	353	337	331
+ Non-Cash Items	-586	74	80	131	195	-40	-2,415	179	118	86	-458	98	-30	16	-226
+ Stock-Based Compensation	51	61	54	55	61	66	58	96	73	96	75	84	83	90	95
+ Deferred Income Taxes	-659	82	-6	79	63	-83	-2,358	114	-4	-42	35	-23	-75	-66	-6
+ Asset Impairment Charge	22	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-1	-70	31	-2	71	-23	-115	-32	49	31	-568	36	-38	-7	-314
+ Chg in Non-Cash Work Cap	-142	-14	-15	-200	-138	13	-106	50	-35	59	-162	-95	-95	-189	100
+ (Inc) Dec in Accts Receiv	-13	- -	-36	-38	-17	-8	6	-66	61	28	-46	-51	-52	-39	-67
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-39	83	-15	-105	-90	58	9	228	-83	12	-139	-75	-108	-128	83
+ Inc (Dec) in Other	-90	-97	35	-57	-30	-37	-121	-112	-13	19	23	31	64	-21	84
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,346	1,220	1,280	1,291	1,532	1,732	1,751	2,441	2,673	2,716	2,402	3,056	3,454	3,690	4,277
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	149	192	8	- -	- -	- -	- -	- -	- -	39	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	149	192	8	- -	- -	- -	- -	- -	- -	39	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-172	-142	-126	-141	-114	-92	-82	-117	-246	-198	-127	-90	-76	-94	-84
+ Acq of Fixed Prod Assets	-172	-142	-126	-141	-114	-92	-82	-117	-246	-198	-127	-90	-76	-94	-84
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-220	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-266
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-220	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-266
+ Net Change in LT Investment	1	-27	128	-1	149	146	- -	2	3	1	2	2	2	2	2
+ Dec in LT Investment	11	5	164	38	184	192	2	12	19	12	9	6	6	6	8
+ Inc in LT Investment	-10	-32	-37	-38	-35	-46	-3	-10	-15	-11	-8	-4	-4	-4	-6
+ Net Cash From Acq & Div	- -	-188	-4	-66	-17	- -	262	-1,775	90	21	145	-402	96	10	1,580
+ Cash from Divestitures	- -	42	- -	- -	- -	9	268	21	90	26	202	11	98	14	1,591
+ Cash for Acq of Subs	- -	-231	-4	-66	-17	-9	-5	-1,795	- -	-6	-57	-413	-2	-4	-11
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	18	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-154	-209	190	-199	18	54	180	-1,890	-153	-176	58	-490	21	-83	1,499
+ Dividends Paid	-373	-1,224	-599	-1,497	-1,343	-1,787	-1,994	-2,150	-1,696	-2,110	-2,189	-2,634	-3,236	-3,584	-3,933
+ Net Cash From Debt	-420	748	-1	-750	71	130	- -	1,119	-662	-305	- -	-15	-16	- -	-9
+ Cash From Debt	- -	748	749	- -	744	130	- -	1,572	- -	- -	- -	741	- -	- -	741
+ Repayments of Debt	-420	- -	-750	-750	-673	- -	- -	-452	-662	-305	- -	-756	-16	- -	-750
+ Other Financing Activities	8	28	-6	51	49	37	8	-50	-2,362	49,661	72,098	-22,733	-45,087	8,661	60,718
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1,006	-448	-606	-2,196	-1,224	-1,620	-1,985	-1,080	-4,719	47,247	69,909	-25,382	-48,339	5,076	56,510
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	187	562	865	-1,104	326	165	-54	-529	-2,199	49,787	72,370	-22,816	-44,865	8,684	62,285
EBITDA	2,282	1,945	1,875	2,002	2,217	2,426	2,519	2,856	3,061	3,102	3,031	3,378	3,788	4,268	4,560
EBITDA Margin (%)	69.55	66.74	63.86	64.31	66.65	67.47	69.12	66.28	62.88	63.51	64.62	67.31	67.9	69.63	69.94
Free Cash Flow	1,174	1,078	1,155	1,151	1,418	1,640	1,669	2,324	2,427	2,518	2,275	2,966	3,377	3,596	4,194
Net Cash Paid for Acquisitions	- -	188	4	66	17	- -	-262	1,775	-90	-21	-145	402	-96	-10	-1,580
Free Cash Flow to Firm	1,284	1,149	1,247	1,227	1,493	1,723	- -	2,436	2,567	2,647	2,406	3,092	3,501	3,721	4,326
Free Cash Flow to Equity	754	1,974	1,346	409	1,489	1,770	1,669	3,444	1,766	2,214	2,296	2,912	3,317	3,549	4,161
Free Cash Flow per Basic Share	3.53	3.25	3.47	3.44	4.22	4.86	4.93	6.79	6.8	7.04	6.35	8.27	9.41	10.01	11.66
Price/Free Cash Flow	10.71	12.37	18.66	20.8	18.59	21.44	27.11	25.28	24.64	22.41	32.42	19.2	21.45	22.09	22.56
Cash Flow to Net Income	0.74	1.36	1.31	1.15	1.23	1.13	0.43	1.24	1.26	1.29	0.91	1.14	1.07	1.05	1.05
Capital Expenditures	-172	-142	-126	-141	-114	-92	-82	-117	-246	-198	-127	-90	-76	-94	-84