Elevance Health Inc.

ELV

ELVElevance Health Inc. US flag

New York Stock Exchange

391.27

USD

+2.24

- -

84.97BMarket 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
Sales/Revenue/Turnover	60,711	61,497	71,024	73,874	79,156	84,863	90,040	92,105	104,213	121,867	138,639	156,595	171,340	176,810	199,125
+ Sales & Services Revenue	60,711	61,497	71,024	73,874	79,156	84,863	90,040	92,105	104,213	121,867	138,639	156,595	171,340	176,810	199,125
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	8,436	8,680	9,953	11,748	12,535	12,559	12,650	14,020	13,364	17,450	15,914	17,686	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-8,436	-8,680	-9,953	-11,748	-12,535	-12,559	-12,650	-14,020	-13,364	-17,450	-15,914	-17,686	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-3,958	-3,858	-3,840	-4,368	-4,631	-4,555	-3,964	-5,068	-5,985	-6,238	-7,995	-7,600	-7,715	-7,904	-6,710
+ Interest Expense, Net	430	512	603	601	653	723	739	753	746	784	798	851	1,030	1,185	1,402
+ Interest Expense	430	512	603	601	653	723	739	753	746	784	798	851	1,030	1,185	1,402
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-4,388	-4,370	-4,443	-4,969	-5,284	-5,278	-4,703	-5,821	-6,731	-7,022	-8,793	-8,451	-8,745	-9,089	-8,112
Pretax Income	3,958	3,858	3,840	4,368	4,631	4,555	3,964	5,068	5,985	6,238	7,995	7,600	7,715	7,904	6,710
- Income Tax Expense (Benefit)	1,311	1,207	1,206	1,808	2,071	2,085	121	1,318	1,178	1,666	1,846	1,712	1,724	1,933	1,049
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	2,647	2,651	2,634	2,560	2,560	2,470	3,843	3,750	4,807	4,572	6,149	5,888	5,991	5,971	5,661
- Net Extraordinary Losses (Gains)	- -	-4	145	-10	- -	- -	- -	- -	- -	- -	-18	-12	8	-18	-2
+ Discontinued Operations	- -	4	-145	10	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	-9	289	-19	- -	- -	- -	- -	- -	- -	-18	-12	8	-18	-2
Income (Loss) Incl. MI	2,647	2,656	2,490	2,570	2,560	2,470	3,843	3,750	4,807	4,572	6,167	5,900	5,983	5,989	5,663
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9	6	-4	9	1
Net Income, GAAP	2,647	2,656	2,490	2,570	2,560	2,470	3,843	3,750	4,807	4,572	6,158	5,894	5,987	5,980	5,662
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	2,647	2,656	2,490	2,570	2,560	2,470	3,843	3,750	4,807	4,572	6,158	5,894	5,987	5,980	5,662
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITA	-637	-741	-909	-851	-908	-912	-891	-1,132	-1,133	-1,154	-1,302	-1,675	-1,745	-1,393	-1,546
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	4.36	4.32	3.51	3.48	3.23	2.91	4.27	4.07	4.61	3.75	4.44	3.76	3.49	3.38	2.84
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.05	1.2	1.53	1.79	2.51	2.59	2.75	3.01	3.23	3.89	4.57	5.16	5.99	6.63	6.93
Depreciation Expense	637	741	909	851	908	912	891	1,132	1,133	1,154	1,302	1,675	1,745	1,393	1,546
Basic Weighted Avg Shares	339	305	293	268	261	264	256	257	253	245	242	238	233	227	221
Basic EPS, GAAP	7.8	8.71	8.49	9.58	9.8	9.37	15.01	14.57	19.01	18.63	25.47	24.77	25.69	26.29	25.65
Basic EPS from Cont Ops	7.8	8.7	8.98	9.55	9.8	9.37	15.01	14.57	19.01	18.63	25.43	24.74	25.7	26.25	25.65
Diluted Weighted Avg Shares	365	325	304	286	273	268	268	264	260	254	247	243	237	233	225
Diluted EPS, GAAP	7.25	8.18	8.2	8.99	9.38	9.21	14.35	14.19	18.47	17.98	24.95	24.28	25.22	25.68	25.21
Diluted EPS from Cont Ops	7.25	8.16	8.67	8.95	9.38	9.21	14.35	14.19	18.47	17.98	24.91	24.25	25.24	25.64	25.2

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
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	18,130	19,403	18,637	19,639	19,053	21,254	21,003	20,647	24,613	29,174	31,147	33,339	36,140	33,489	35,375
+ Cash & Cash Equivalents	2,202	2,475	1,582	2,152	2,114	4,075	3,609	3,934	4,937	5,741	4,880	7,387	6,526	8,288	9,491
+ ST Investments	15,928	16,928	17,054	17,488	16,939	17,179	17,394	16,713	19,676	23,433	26,267	25,952	29,614	25,201	25,884
+ Accounts & Notes Receiv	4,453	4,844	5,268	7,251	7,341	8,566	8,794	9,311	10,391	10,958	13,440	16,044	17,865	19,071	21,542
+ Accounts Receivable, Net	3,403	3,687	3,969	4,826	4,603	5,861	6,185	6,743	5,014	5,279	5,681	7,083	7,902	8,011	10,073
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1,050	1,156	1,299	2,426	2,738	2,705	2,609	2,568	5,377	5,679	7,759	8,961	9,963	11,060	11,469
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-22,582	-24,246	-23,904	-26,891	-26,393	-29,820	-29,797	-29,958	-35,004	-40,132	-44,587	-49,383	-54,005	-52,560	-56,917
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	17,392	18,602	19,271	19,930	18,970	19,203	21,587	18,726	21,190	25,554	28,780	27,657	30,719	27,428	27,745
+ LT Investments	17,392	18,602	19,271	19,930	18,970	19,203	21,587	18,726	21,190	25,554	28,780	27,657	30,719	27,428	27,745
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-17,392	-18,602	-19,271	-19,930	-18,970	-19,203	-21,587	-18,726	-21,190	-25,554	-28,780	-27,657	-30,719	-27,428	-27,745
+ Total Intangible Assets	21,790	25,555	25,358	25,040	25,720	25,526	27,599	29,511	29,174	31,096	34,843	34,698	35,590	40,371	39,544
+ Goodwill	13,859	16,890	16,917	17,082	17,562	17,561	19,231	20,504	20,500	21,691	24,228	24,383	25,317	28,277	28,344
+ Other Intangible Assets	7,932	8,666	8,441	7,958	8,158	7,965	8,368	9,007	8,674	9,405	10,615	10,315	10,273	12,094	11,200
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-39,182	-44,157	-44,629	-44,970	-44,690	-44,729	-49,186	-48,237	-50,364	-56,650	-63,623	-62,355	-66,309	-67,799	-67,289
Total Assets	52,163	58,955	59,574	61,676	61,718	65,083	70,540	71,571	77,453	86,615	97,460	102,755	108,928	116,889	121,494
+ Payables & Accruals	9,537	9,907	10,618	12,094	12,263	13,080	13,583	13,214	13,040	16,852	18,488	21,203	23,021	22,673	24,406
+ Accounts Payable	8,613	9,273	9,554	10,513	10,889	11,908	13,016	12,413	13,040	16,852	18,488	21,203	23,021	22,673	24,406
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	924	634	1,065	1,582	1,374	1,172	567	801	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	1,374	807	918	1,024	540	1,368	2,550	1,994	2,298	700	1,874	1,765	1,874	2,014	1,249
+ ST Borrowings	1,374	807	918	1,024	540	1,368	2,550	1,994	2,298	700	1,874	1,765	1,874	2,014	1,249
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-10,912	-10,714	-11,536	-13,119	-12,803	-14,448	-16,133	-15,208	-15,338	-17,552	-20,362	-22,968	-24,895	-24,687	-25,655
+ Deferred Revenue	926	897	823	1,078	1,146	972	860	902	1,017	1,259	1,153	1,112	1,402	1,508	1,493
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-11,838	-11,611	-12,359	-14,197	-13,948	-15,420	-16,993	-16,110	-16,355	-18,811	-21,515	-24,080	-26,297	-26,195	-27,148
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	8,466	14,171	13,574	14,020	15,324	14,358	17,382	17,217	17,787	19,335	21,157	22,349	23,246	29,218	30,797
+ LT Borrowings	8,466	14,171	13,574	14,020	15,324	14,358	17,382	17,217	17,787	19,335	21,157	22,349	23,246	29,218	30,797
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-8,466	-14,171	-13,574	-14,020	-15,324	-14,358	-17,382	-17,217	-17,787	-19,335	-21,157	-22,349	-23,246	-29,218	-30,797
+ Accrued Liabilities	2,724	3,223	3,325	2,946	2,631	2,780	1,727	1,960	2,227	2,019	2,805	2,015	1,970	2,148	2,110
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-11,190	-17,394	-16,899	-16,965	-17,955	-17,138	-19,109	-19,177	-20,014	-21,354	-23,962	-24,364	-25,216	-31,366	-32,907
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	28,875	35,153	34,809	37,425	38,674	39,983	44,037	43,030	45,725	53,416	61,332	66,425	69,523	75,463	77,468
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	11,683	10,856	10,768	10,065	8,558	8,808	8,550	9,539	9,451	9,247	9,150	9,086	8,870	8,913	8,940
+ Common Stock	3	3	3	3	3	3	3	3	3	3	2	2	2	2	2
+ Additional Paid in Capital	11,679	10,854	10,765	10,062	8,556	8,805	8,547	9,536	9,448	9,244	9,148	9,084	8,868	8,911	8,938
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	11,491	12,647	13,814	14,014	14,778	16,561	18,054	19,988	22,573	23,802	27,088	29,647	31,749	33,549	35,393
+ Other Equity	115	299	183	172	-293	-268	-101	-986	-296	150	-178	-2,490	-1,313	-1,147	-451
Equity Before Minority Interest	23,288	23,803	24,765	24,251	23,044	25,100	26,503	28,541	31,728	33,199	36,060	36,243	39,306	41,315	43,882
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	68	87	99	111	144
Total Equity	23,288	23,803	24,765	24,251	23,044	25,100	26,503	28,541	31,728	33,199	36,128	36,330	39,405	41,426	44,026
Total Liabilities & Equity	52,163	58,955	59,574	61,676	61,718	65,083	70,540	71,571	77,453	86,615	97,460	102,755	108,928	116,889	121,494
Shares Outstanding	339	305	293	268	261	264	256	257	253	245	242	238	233	227	221
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	7,639	12,503	12,910	12,892	13,751	11,652	16,323	15,277	15,148	14,294	18,151	16,727	18,594	22,944	22,555
Net Debt to Equity	32.8	52.53	52.13	53.16	59.67	46.42	61.59	53.53	47.74	43.06	50.24	46.04	47.19	55.39	51.23
Tangible Common Equity Ratio	4.93	-5.25	-1.73	-2.15	-7.43	-1.08	-2.55	-2.31	5.29	3.79	2.05	2.4	5.2	1.38	5.47
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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
+ Net Income	2,647	2,656	2,712	2,566	2,560	2,470	3,843	3,750	4,807	4,572	6,149	5,888	5,991	5,971	5,661
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	666	760	1,108	964	829	1,310	-26	1,655	1,348	862	1,092	2,088	2,605	1,556	1,906
+ Stock-Based Compensation	135	146	146	169	148	165	170	226	294	283	255	264	289	191	276
+ Deferred Income Taxes	74	128	59	31	-66	127	-1,272	91	81	-540	342	-115	-602	-374	-279
+ Asset Impairment Charge	- -	67	48	8	2	45	2	- -	- -	198	73	7	446	103	108
+ Other Non-Cash Adj	456	420	855	756	745	973	1,074	1,338	973	921	422	1,932	2,472	1,636	1,801
+ Chg in Non-Cash Work Cap	62	-671	-767	-161	823	-510	368	-1,578	-94	5,254	1,123	423	-535	-1,719	-3,277
+ (Inc) Dec in Accts Receiv	-402	190	-418	-1,900	-43	-1,381	-22	-695	-1,053	-256	-2,138	-2,510	-1,762	-683	-2,526
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-209	-406	304	-14	-123	182	922	97	-445	1,978	719	824	1,640	-272	-720
+ Inc (Dec) in Other	673	-455	-652	1,753	989	689	-532	-980	1,404	3,532	2,542	2,109	-413	-764	-31
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	3,374	2,745	3,052	3,369	4,212	3,270	4,185	3,827	6,061	10,688	8,364	8,399	8,061	5,808	4,290
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	4	- -	39	88	35	- -	9	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	4	- -	39	88	35	- -	9	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-520	-545	-646	-715	-638	-584	-791	-1,208	-1,077	-1,021	-1,087	-1,152	-1,296	-1,256	-1,116
+ Acq of Fixed Prod Assets	-520	-545	-646	-715	-638	-584	-791	-1,208	-1,077	-1,021	-1,087	-1,152	-1,296	-1,256	-1,116
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-3,040	-2,497	-1,620	-2,999	-1,516	- -	-1,998	-435	-1,701	-2,700	-1,900	-2,316	-2,676	-2,900	-2,605
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	1,250	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-3,040	-2,497	-1,620	-2,999	-1,516	- -	-1,998	-1,685	-1,701	-2,700	-1,900	-2,316	-2,676	-2,900	-2,605
+ Net Change in LT Investment	176	279	-1,223	-543	-116	-149	-2,848	1,929	-1,919	-3,433	-4,056	-2,338	-2,700	586	69
+ Dec in LT Investment	12,654	15,916	13,663	10,256	11,780	11,953	13,527	11,600	21,035	16,059	14,613	22,608	13,536	18,572	15,095
+ Inc in LT Investment	-12,478	-15,637	-14,886	-10,798	-11,896	-12,102	-16,375	-9,671	-22,954	-19,492	-18,669	-24,946	-16,236	-17,986	-15,026
+ Net Cash From Acq & Div	-600	-4,597	- -	740	-639	- -	-2,080	-1,760	- -	-1,976	-3,476	-649	-1,552	-4,446	88
+ Cash from Divestitures	- -	- -	- -	740	- -	- -	- -	- -	- -	- -	- -	- -	- -	363	88
+ Cash for Acq of Subs	-600	-4,597	- -	- -	-639	- -	-2,080	-1,760	- -	-1,976	-3,476	-649	-1,552	-4,809	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-2	311	-404	-546	206	219	628	-220	204	-894	-1,019	-421	-24	-51	-385
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-942	-4,552	-2,234	-975	-1,152	-514	-5,082	-1,259	-2,792	-7,324	-9,638	-4,560	-5,572	-5,167	-1,344
+ Dividends Paid	-358	-367	-448	-481	-657	-684	-705	-776	-818	-954	-1,104	-1,229	-1,395	-1,508	-1,529
+ Net Cash From Debt	1,120	5,121	-584	764	-892	360	3,724	-1,086	608	188	2,343	1,795	662	5,487	2,327
+ Cash From Debt	1,925	7,111	2,360	4,923	4,669	2,913	11,539	9,955	10,063	3,940	4,837	5,369	2,913	7,985	6,194
+ Repayments of Debt	-805	-1,990	-2,944	-4,159	-5,561	-2,553	-7,815	-11,041	-9,455	-3,752	-2,494	-3,574	-2,251	-2,498	-3,867
+ Other Financing Activities	258	-168	934	893	-29	-475	-594	56	-355	899	1,084	432	60	114	69
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-2,019	2,089	-1,718	-1,822	-3,093	-799	427	-2,241	-2,266	-2,567	423	-1,318	-3,349	1,193	-1,738
Effect of Foreign Exchange Rates	- -	1	2	-7	-5	5	4	-2	- -	7	-10	-14	-1	-6	-5
Net Changes in Cash	413	282	-900	572	-33	1,957	-470	327	1,003	797	-851	2,521	-860	1,834	1,208
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	2,855	2,200	2,406	2,655	3,574	2,686	3,394	2,619	4,984	9,667	7,277	7,247	6,765	4,552	3,174
Net Cash Paid for Acquisitions	600	4,597	- -	-740	639	- -	2,080	1,760	- -	1,976	3,476	649	1,552	4,446	-88
Free Cash Flow to Firm	3,143	2,551	2,819	3,007	3,935	3,078	4,110	3,176	5,583	10,242	7,891	7,906	7,565	5,447	4,357
Free Cash Flow to Equity	3,979	7,321	1,861	3,506	2,717	3,046	7,127	1,533	5,592	9,855	9,620	9,042	7,427	10,039	5,501
Free Cash Flow per Basic Share	8.41	7.22	8.2	9.9	13.68	10.18	13.25	10.18	19.71	39.39	30.1	30.45	29.03	20.01	14.38
Price/Free Cash Flow	6.21	6.02	7.59	8.8	7.85	10	12.11	13.78	11.01	6.97	12.1	13.04	11.96	12.16	14.56
Cash Flow to Net Income	1.27	1.03	1.23	1.31	1.65	1.32	1.09	1.02	1.26	2.34	1.36	1.43	1.35	0.97	0.76
Capital Expenditures	-520	-545	-646	-715	-638	-584	-791	-1,208	-1,077	-1,021	-1,087	-1,152	-1,296	-1,256	-1,116