Chipotle Mexican Grill, Inc.

CMG

CMGChipotle Mexican Grill, Inc. US flag

New York Stock Exchange

32.23

USD

+0.98

- -

41.34BMarket Cap

Income Statement (USD)

MCP 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	2,270	2,731	3,215	4,108	4,501	3,904	4,476	4,865	5,586	5,985	7,547	8,635	9,872	11,314	11,926
+ Sales & Services Revenue	2,270	2,731	3,215	4,108	4,501	3,904	4,476	4,865	5,586	5,985	7,547	8,635	9,872	11,314	11,926
- Cost of Revenue	1,680	1,991	2,360	2,991	3,327	3,406	3,720	3,954	4,444	4,944	5,840	6,573	7,286	8,296	8,899
+ Cost of Goods & Services	1,680	1,991	2,360	2,991	3,327	3,406	3,720	3,954	4,444	4,944	5,840	6,573	7,286	8,296	8,899
Gross Profit	589	740	855	1,118	1,174	498	756	911	1,142	1,041	1,707	2,062	2,586	3,018	3,026
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	224	268	300	384	381	423	460	577	664	705	862	851	953	1,033	1,013
+ Selling, General & Admin	149	183	204	274	250	276	296	375	452	466	607	564	634	697	652
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	75	84	96	110	130	146	163	202	213	239	255	287	319	335	361
Operating Income (Loss)	365	473	555	733	794	76	296	334	478	336	845	1,211	1,633	1,985	2,013
- Non-Operating (Income) Loss	15	15	21	19	24	37	21	65	20	42	33	30	13	-25	3
+ Interest Expense, Net	1	- -	- -	-4	-6	-4	-5	-10	-14	-4	-8	-21	-63	-94	-74
+ Interest Expense	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	2	- -	- -	4	6	4	5	10	14	4	8	21	63	94	74
+ Other Non-Op (Income) Loss	14	15	21	23	30	41	26	75	34	46	41	51	75	69	77
Pretax Income	350	458	534	714	770	39	276	268	458	294	813	1,182	1,621	2,010	2,010
- Income Tax Expense (Benefit)	135	180	207	269	294	16	99	92	108	-62	160	282	392	476	474
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	215	278	327	445	476	23	176	177	350	356	653	899	1,229	1,534	1,536
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	215	278	327	445	476	23	176	177	350	356	653	899	1,229	1,534	1,536
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	215	278	327	445	476	23	176	177	350	356	653	899	1,229	1,534	1,536
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	215	278	327	445	476	23	176	177	350	356	653	899	1,229	1,534	1,536
EBIT	365	473	555	733	794	76	296	334	478	336	845	1,211	1,633	1,985	2,013
EBITDA	440	557	651	844	924	222	460	536	691	575	1,100	1,498	1,953	2,320	2,374
EBITDA Margin (%)	19.38	20.39	20.25	20.54	20.53	5.69	10.27	11.01	12.37	9.6	14.58	17.35	19.78	20.51	19.91
EBITA	365	473	555	733	794	76	296	334	478	336	845	1,211	1,633	1,985	2,013
Gross Margin (%)	25.96	27.11	26.59	27.21	26.09	12.76	16.89	18.73	20.45	17.4	22.62	23.88	26.2	26.67	25.38
Operating Margin (%)	16.08	17.31	17.26	17.85	17.63	1.94	6.62	6.86	8.56	5.62	11.2	14.03	16.54	17.55	16.88
Profit Margin (%)	9.47	10.18	10.19	10.84	10.57	0.59	3.94	3.63	6.27	5.94	8.65	10.41	12.45	13.56	12.88
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	75	84	96	110	130	146	163	202	213	239	255	287	319	335	361
Basic Weighted Avg Shares	1,561	1,576	1,548	1,552	1,555	1,463	1,425	1,391	1,387	1,396	1,407	1,393	1,378	1,368	1,337
Basic EPS, GAAP	0.14	0.18	0.21	0.29	0.31	0.02	0.12	0.13	0.25	0.25	0.46	0.65	0.89	1.12	1.15
Basic EPS from Cont Ops	0.14	0.18	0.21	0.29	0.31	0.02	0.12	0.13	0.25	0.25	0.46	0.65	0.89	1.12	1.15
Diluted Weighted Avg Shares	1,589	1,589	1,564	1,576	1,575	1,488	1,428	1,398	1,415	1,421	1,426	1,403	1,386	1,377	1,343
Diluted EPS, GAAP	0.14	0.17	0.21	0.28	0.3	0.02	0.12	0.13	0.25	0.25	0.46	0.64	0.89	1.11	1.14
Diluted EPS from Cont Ops	0.14	0.17	0.21	0.28	0.3	0.02	0.12	0.13	0.25	0.25	0.46	0.64	0.89	1.11	1.14

Balance Sheet (USD)

MCP 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	501	547	666	860	815	522	630	815	1,072	1,420	1,382	1,176	1,621	1,781	1,467
+ Cash, Cash Equivalents & STI	456	473	578	758	663	418	509	677	881	952	1,076	899	1,295	1,421	1,045
+ Cash & Cash Equivalents	401	323	323	419	248	88	185	250	481	608	815	384	561	749	351
+ ST Investments	55	150	255	339	415	330	324	427	400	344	261	515	735	672	694
+ Accounts & Notes Receiv	8	26	28	51	96	46	50	62	108	387	194	155	168	213	252
+ Accounts Receivable, Net	8	17	24	35	38	40	40	62	81	104	100	107	116	144	156
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	5
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	10	4	16	58	5	9	- -	28	283	94	48	53	67	91
+ Inventories	9	11	13	15	15	15	20	22	26	26	33	36	39	49	50
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	9	11	13	15	15	15	20	22	26	26	33	36	39	49	50
+ Other ST Assets	28	36	47	35	40	44	51	54	57	55	79	86	117	98	120
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	924	1,122	1,343	1,668	1,910	1,504	1,416	1,451	4,032	4,563	5,271	5,752	6,424	7,424	7,528
+ Property, Plant & Equip, Net	752	867	963	1,107	1,217	1,304	1,338	1,379	3,964	4,351	4,888	5,254	5,749	6,390	7,142
+ Property, Plant & Equip	1,122	1,312	1,491	1,721	1,938	2,149	2,317	2,463	5,166	5,731	6,424	6,988	7,731	8,640	9,674
- Accumulated Depreciation	370	445	527	614	721	845	979	1,084	1,201	1,380	1,536	1,735	1,982	2,249	2,531
+ LT Investments & Receivables	128	191	314	496	623	125	- -	- -	- -	102	274	388	564	868	197
+ LT Investments	128	191	314	496	623	125	- -	- -	- -	102	274	388	564	868	197
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	44	64	66	65	70	75	78	71	68	109	110	110	111	166	188
+ Total Intangible Assets	22	22	22	22	22	22	22	22	22	22	22	22	22	22	22
+ Goodwill	22	22	22	22	22	22	22	22	22	22	22	22	22	22	22
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	22	43	44	43	48	53	56	50	46	87	88	88	89	144	166
Total Assets	1,425	1,669	2,009	2,527	2,725	2,026	2,046	2,266	5,105	5,983	6,653	6,928	8,044	9,204	8,995
+ Payables & Accruals	139	164	168	198	229	222	260	375	353	438	451	503	512	583	562
+ Accounts Payable	46	59	59	70	86	78	82	113	116	122	163	185	198	211	213
+ Accrued Taxes	16	13	18	23	16	20	19	27	26	26	32	36	42	47	48
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	77	92	91	105	128	124	159	235	210	290	255	282	272	325	302
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	173	205	219	236	248	278	302
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	173	205	219	236	248	278	302
+ Other ST Liabilities	18	23	32	48	51	59	64	75	141	179	204	183	270	308	324
+ Deferred Revenue	18	23	32	48	51	59	64	70	95	128	156	183	210	239	240
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	5	46	51	48	- -	61	70	83
Total Current Liabilities	157	187	199	246	280	282	324	450	667	822	874	922	1,031	1,169	1,188
+ LT Debt	4	3	- -	- -	- -	- -	- -	- -	2,678	2,952	3,302	3,495	3,804	4,263	4,773
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	4	3	- -	- -	- -	- -	- -	- -	2,678	2,952	3,302	3,495	3,804	4,263	4,773
+ Other LT Liabilities	220	233	272	269	317	342	357	374	77	188	180	142	148	117	202
+ Accrued Liabilities	208	216	248	241	284	308	317	343	38	149	142	99	89	46	126
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	12	16	24	28	33	34	40	32	39	39	39	44	59	71	77
Total Noncurrent Liabilities	224	236	272	269	317	342	357	374	2,755	3,141	3,482	3,638	3,952	4,380	4,976
Total Liabilities	381	423	471	515	597	624	681	824	3,422	3,963	4,356	4,559	4,982	5,549	6,164
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,957	14	13
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	19	14	13
+ Additional Paid in Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,938	- -	- -
- Treasury Stock	304	522	660	749	1,235	2,049	2,334	2,501	2,699	2,802	3,356	4,282	4,945	- -	- -
+ Retained Earnings	671	949	1,277	1,722	2,198	2,221	2,397	2,574	2,921	3,276	3,929	4,828	6,057	1,574	620
+ Other Equity	- -	1	2	- -	-8	-8	-4	-6	-5	-4	-5	-8	-7	-10	-7
Equity Before Minority Interest	1,044	1,246	1,538	2,012	2,128	1,402	1,364	1,441	1,683	2,020	2,297	2,368	3,062	3,656	2,831
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	1,044	1,246	1,538	2,012	2,128	1,402	1,364	1,441	1,683	2,020	2,297	2,368	3,062	3,656	2,831
Total Liabilities & Equity	1,425	1,669	2,009	2,527	2,725	2,026	2,046	2,266	5,105	5,983	6,653	6,928	8,044	9,204	8,995
Shares Outstanding	1,563	1,555	1,552	1,551	1,529	1,441	1,401	1,385	1,388	1,400	1,404	1,381	1,371	1,359	1,304
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	4	4	- -	- -	- -	- -	- -	- -	2,852	3,157	3,520	3,731	4,052	4,541	5,076
Net Debt	-401	-323	-323	-419	-248	-88	-185	-250	-481	-608	-815	-384	-561	-749	-351
Net Debt to Equity	-38.42	-25.89	-21.01	-20.84	-11.65	-6.27	-13.53	-17.34	-28.56	-30.1	-35.49	-16.22	-18.31	-20.48	-12.38
Tangible Common Equity Ratio	72.85	74.33	76.3	79.45	77.91	68.88	66.34	63.26	32.68	33.52	34.32	33.97	37.9	39.57	31.3
Current Ratio	3.18	2.93	3.34	3.5	2.91	1.85	1.94	1.81	1.61	1.73	1.58	1.28	1.57	1.52	1.23
Cash Conversion Cycle	-5.82	-6.1	-4.91	-3.5	-3.89	-3.5	-2.85	-3.23	-2.77	-1.2	-2.11	-3.39	-3.58	-2.85	-2.07

Cash Flow Statement (USD)

MCP 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	215	278	327	445	476	23	176	177	350	356	653	899	1,229	1,534	1,536
+ Depreciation & Amortization	75	84	96	110	130	146	163	202	213	239	255	287	319	335	361
+ Non-Cash Items	23	-20	35	61	9	72	61	139	126	224	177	59	140	110	210
+ Stock-Based Compensation	41	64	64	96	58	64	65	69	91	83	176	98	124	132	120
+ Deferred Income Taxes	12	-18	2	-21	12	-14	-18	11	30	108	-12	-43	-10	-43	79
+ Asset Impairment Charge	- -	- -	- -	- -	- -	24	13	62	15	29	17	21	37	25	27
+ Other Non-Cash Adj	-30	-67	-31	-15	-61	-2	- -	-3	-11	4	-4	-17	-12	-3	-15
+ Chg in Non-Cash Work Cap	98	78	71	65	68	114	68	104	32	-154	197	79	95	126	6
+ (Inc) Dec in Accts Receiv	-3	-9	-7	-11	-4	-2	- -	-8	-3	3	-2	-14	-11	-29	-11
+ (Inc) Dec in Inventories	-2	-2	-2	-2	- -	- -	-5	-2	-5	- -	-6	-3	-4	-10	-1
+ (Inc) Dec in Prepaid Assets	-5	-6	-7	-1	-5	-4	-7	-4	-23	-11	-27	-15	-39	9	-33
+ Inc (Dec) in Accts Payable	27	29	14	37	12	18	45	76	47	78	-12	- -	66	71	-30
+ Inc (Dec) in Other	81	67	73	42	65	102	35	41	15	-224	244	110	84	85	82
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	411	420	529	682	683	355	468	622	722	664	1,282	1,323	1,783	2,105	2,114
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	14	- -	4	- -	- -	20	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	14	- -	4	- -	- -	20	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-151	-197	-200	-253	-257	-259	-217	-287	-334	-373	-442	-479	-561	-594	-666
+ Acq of Fixed Prod Assets	-151	-197	-200	-253	-257	-259	-217	-287	-334	-373	-442	-479	-561	-594	-666
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-64	-217	-139	-88	-461	-837	-285	-161	-191	-54	-466	-830	-592	-1,002	-2,426
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-64	-217	-139	-88	-461	-837	-285	-161	-191	-54	-466	-830	-592	-1,002	-2,426
+ Net Change in LT Investment	-58	-158	-228	-266	-207	586	130	-100	28	-49	-84	-351	-385	-264	631
+ Dec in LT Investment	125	55	159	255	353	586	330	385	477	419	346	264	730	723	659
+ Inc in LT Investment	-183	-213	-388	-521	-559	- -	-200	-485	-449	-468	-429	-614	-1,115	-987	-28
+ Net Cash From Acq & Div	-1	- -	- -	- -	- -	- -	- -	- -	- -	-10	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-1	- -	- -	- -	- -	- -	- -	- -	- -	-10	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-210	-355	-428	-519	-464	327	-87	-388	-292	-433	-522	-830	-946	-838	-35
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	39	74	39	22	74	- -	-1	-6	-11	-50	-82	-99	-68	-72	-45
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-24	-144	-100	-67	-386	-836	-286	-167	-202	-105	-549	-929	-661	-1,074	-2,471
Effect of Foreign Exchange Rates	- -	- -	1	- -	-4	- -	2	-1	- -	1	-1	-1	- -	-2	- -
Net Changes in Cash	177	-79	- -	96	-167	-154	96	67	228	126	211	-436	177	194	-392
EBITDA	440	557	651	844	924	222	460	536	691	575	1,100	1,498	1,953	2,320	2,374
EBITDA Margin (%)	19.38	20.39	20.25	20.54	20.53	5.69	10.27	11.01	12.37	9.6	14.58	17.35	19.78	20.51	19.91
Free Cash Flow	260	223	329	429	426	96	251	334	388	290	840	844	1,223	1,511	1,448
Net Cash Paid for Acquisitions	1	- -	- -	- -	- -	- -	- -	- -	- -	10	- -	- -	- -	- -	- -
Free Cash Flow to Firm	262	223	329	429	426	96	251	334	388	- -	840	844	1,223	1,511	1,448
Free Cash Flow to Equity	260	223	329	429	426	96	251	334	402	290	844	844	1,223	1,532	1,448
Free Cash Flow per Basic Share	0.17	0.14	0.21	0.28	0.27	0.07	0.18	0.24	0.28	0.21	0.6	0.61	0.89	1.1	1.08
Price/Free Cash Flow	19.07	15.32	22.88	23.08	16.07	18.3	12.05	13.29	22.44	37.99	28.91	21.6	27.03	30.76	17.87
Cash Flow to Net Income	1.91	1.51	1.61	1.53	1.44	15.48	2.66	3.52	2.06	1.87	1.96	1.47	1.45	1.37	1.38
Capital Expenditures	-151	-197	-200	-253	-257	-259	-217	-287	-334	-373	-442	-479	-561	-594	-666