Edwards Lifesciences Corporation

EWEdwards Lifesciences Corporation US flag

New York Stock Exchange

86.00

USD

-1.66

- -

49.52BMarket 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	1,679	1,900	2,046	2,323	2,494	2,964	3,435	3,723	4,348	4,386	5,232	4,464	5,010	5,440	6,068
+ Sales & Services Revenue	1,679	1,900	2,046	2,323	2,494	2,964	3,435	3,723	4,348	4,386	5,232	4,464	5,010	5,440	6,068
- Cost of Revenue	490	491	517	626	617	797	875	939	1,114	1,081	1,249	724	978	1,118	1,334
+ Cost of Goods & Services	490	491	517	626	617	797	875	939	1,114	1,081	1,249	724	978	1,118	1,334
Gross Profit	1,189	1,409	1,529	1,697	1,876	2,166	2,560	2,783	3,234	3,306	3,984	3,740	4,032	4,322	4,733
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	889	989	1,056	1,215	1,234	1,381	1,544	1,711	1,995	1,989	2,397	2,201	2,545	2,842	3,097
+ Selling, General & Admin	642	697	733	858	851	905	991	1,088	1,242	1,228	1,494	1,358	1,582	1,789	2,085
+ Research & Development	246	291	323	357	383	477	553	622	753	761	903	844	963	1,053	1,079
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	-67
Operating Income (Loss)	300	420	472	483	643	785	1,016	1,073	1,239	1,317	1,587	1,539	1,486	1,480	1,636
- Non-Operating (Income) Loss	16	32	-39	-661	20	47	-19	311	72	400	-115	20	114	-68	363
+ Interest Expense, Net	- -	- -	5	11	9	8	3	-2	-12	-8	1	-16	-50	-100	-148
+ Interest Expense	3	4	10	17	17	19	23	30	21	16	18	19	18	20	20
- Interest Income	3	5	5	6	8	11	20	32	32	23	17	36	67	120	169
+ Other Non-Op (Income) Loss	17	32	-44	-672	11	39	-22	313	84	408	-116	36	163	32	512
Pretax Income	284	388	511	1,144	622	738	1,035	761	1,166	917	1,702	1,520	1,372	1,548	1,273
- Income Tax Expense (Benefit)	47	97	122	333	128	168	451	39	120	93	199	196	152	152	217
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	237	292	389	811	495	570	584	722	1,047	823	1,503	1,324	1,220	1,396	1,056
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-198	-185	-2,784	-22
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	198	179	2,774	13
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-396	-365	-5,557	-35
Income (Loss) Incl. MI	237	292	389	811	495	570	584	722	1,047	823	1,503	1,522	1,405	4,180	1,078
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	5	4
Net Income, GAAP	237	292	389	811	495	570	584	722	1,047	823	1,503	1,522	1,402	4,175	1,074
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	237	292	389	811	495	570	584	722	1,047	823	1,503	1,522	1,402	4,175	1,074
EBIT	300	420	472	483	643	785	1,016	1,073	1,239	1,317	1,587	1,539	1,486	1,480	1,636
EBITDA	358	474	535	551	709	856	1,098	1,150	1,328	1,424	1,722	1,679	1,631	1,635	1,793
EBITDA Margin (%)	21.33	24.93	26.17	23.73	28.42	28.89	31.96	30.89	30.54	32.46	32.9	37.61	32.56	30.06	29.55
EBITA	300	420	472	483	643	785	1,016	1,073	1,239	1,317	1,587	1,539	1,486	1,480	1,636
Gross Margin (%)	70.82	74.15	74.74	73.07	75.25	73.09	74.52	74.77	74.37	75.36	76.13	83.79	80.47	79.46	78.01
Operating Margin (%)	17.88	22.1	23.1	20.78	25.78	26.48	29.57	28.81	28.49	30.02	30.33	34.48	29.66	27.21	26.97
Profit Margin (%)	14.1	15.35	19.02	34.92	19.85	19.22	16.99	19.4	24.08	18.77	28.73	34.09	27.99	76.75	17.69
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	58	54	63	69	66	71	82	77	89	107	135	140	145	155	157
Basic Weighted Avg Shares	688	689	670	639	646	639	633	628	625	623	623	619	607	598	585
Basic EPS, GAAP	0.34	0.42	0.58	1.27	0.77	0.89	0.92	1.15	1.68	1.32	2.41	2.46	2.31	6.98	1.84
Basic EPS from Cont Ops	0.34	0.42	0.58	1.27	0.77	0.89	0.92	1.15	1.68	1.32	2.41	2.14	2.01	2.34	1.81
Diluted Weighted Avg Shares	716	710	683	651	661	653	648	641	637	632	631	624	609	599	586
Diluted EPS, GAAP	0.33	0.41	0.57	1.25	0.75	0.87	0.9	1.13	1.64	1.3	2.38	2.44	2.3	6.97	1.83
Diluted EPS from Cont Ops	0.33	0.41	0.57	1.25	0.75	0.87	0.9	1.13	1.64	1.3	2.38	2.12	2	2.33	1.8

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	1,168	1,292	1,726	2,231	2,048	2,240	2,549	2,287	2,984	3,091	3,181	3,096	4,036	6,285	6,739
+ Cash, Cash Equivalents & STI	450	521	937	1,439	1,225	1,271	1,338	956	1,517	1,403	1,467	1,215	1,633	3,976	4,226
+ Cash & Cash Equivalents	171	311	420	654	718	930	818	714	1,179	1,183	863	769	1,132	3,045	2,938
+ ST Investments	279	210	516	785	506	341	519	242	338	219	604	446	500	931	1,288
+ Accounts & Notes Receiv	321	348	328	325	372	415	479	537	599	603	665	699	828	727	912
+ Accounts Receivable, Net	284	321	302	288	315	366	439	457	544	515	582	643	772	609	660
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	37	26	26	37	56	49	41	80	56	88	83	56	57	118	252
+ Inventories	261	281	309	297	340	397	555	607	641	802	727	876	904	1,087	1,126
+ Raw Materials	52	50	58	67	64	61	101	112	118	137	133	156	196	241	197
+ Work In Process	67	59	82	59	64	102	121	145	122	140	164	177	196	236	253
+ Finished Goods	143	173	169	170	212	234	332	351	401	526	430	542	511	609	677
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	136	142	152	170	112	158	178	186	227	283	322	306	671	495	474
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	812	930	984	1,292	2,008	2,270	3,117	3,037	3,504	4,146	5,322	5,197	5,328	6,770	6,958
+ Property, Plant & Equip, Net	304	373	422	443	482	580	680	868	1,140	1,489	1,639	1,725	1,675	1,784	1,915
+ Property, Plant & Equip	604	694	765	808	854	961	1,092	1,323	1,653	2,088	2,293	2,476	2,374	2,579	2,764
- Accumulated Depreciation	300	321	343	365	372	381	412	455	512	598	655	750	699	794	850
+ LT Investments & Receivables	22	21	22	241	380	532	567	506	586	802	1,834	1,239	584	308	279
+ LT Investments	22	21	22	241	380	532	567	506	586	802	1,834	1,239	584	308	279
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	486	535	541	608	1,146	1,158	1,870	1,663	1,778	1,855	1,849	2,233	3,068	4,678	4,765
+ Total Intangible Assets	417	452	419	399	834	831	1,594	1,455	1,504	1,505	1,492	1,450	1,544	2,953	2,897
+ Goodwill	350	385	385	376	628	626	1,126	1,112	1,168	1,173	1,168	1,164	1,145	1,777	1,769
+ Other Intangible Assets	67	67	34	23	205	205	468	343	336	331	324	285	399	1,177	1,128
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	69	84	122	209	312	327	276	208	274	350	358	783	1,524	1,724	1,868
Total Assets	1,980	2,222	2,710	3,523	4,056	4,510	5,666	5,324	6,488	7,237	8,503	8,292	9,363	13,055	13,697
+ Payables & Accruals	213	224	210	217	257	298	473	443	538	576	664	692	642	985	1,219
+ Accounts Payable	85	75	48	58	64	97	117	134	180	196	204	202	187	197	228
+ Accrued Taxes	38	40	39	42	49	41	140	71	104	68	100	96	106	375	277
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	91	109	123	117	144	160	217	238	253	311	360	394	349	413	714
+ ST Debt	- -	- -	- -	- -	- -	- -	598	- -	26	27	26	26	23	23	24
+ ST Borrowings	- -	- -	- -	- -	- -	- -	598	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	26	27	26	26	23	23	24
+ Other ST Liabilities	122	123	135	209	219	234	349	434	339	290	343	305	530	496	570
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	54	27
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	9	9	7	8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	113	114	128	201	219	234	349	434	339	290	343	305	530	443	543
Total Current Liabilities	335	347	346	426	476	532	1,420	877	902	894	1,032	1,022	1,195	1,505	1,814
+ LT Debt	150	189	593	598	597	822	438	594	653	668	665	666	662	677	681
+ LT Borrowings	150	189	593	598	597	822	438	594	594	595	596	596	597	598	598
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	59	73	69	70	65	79	83
+ Other LT Liabilities	157	206	227	307	480	536	852	713	784	1,101	970	798	786	811	865
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	157	206	227	307	480	536	852	713	784	1,101	970	798	786	811	865
Total Noncurrent Liabilities	307	395	820	906	1,077	1,358	1,290	1,307	1,437	1,769	1,634	1,463	1,448	1,487	1,546
Total Liabilities	643	742	1,166	1,332	1,553	1,891	2,710	2,183	2,340	2,663	2,667	2,486	2,644	2,992	3,360
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	420	613	797	1,007	1,186	1,410	1,379	1,600	1,841	2,074	2,342	2,616	2,925	3,268	3,427
+ Common Stock	120	124	126	129	239	243	212	215	218	636	642	646	650	655	659
+ Additional Paid in Capital	300	489	671	878	947	1,168	1,167	1,384	1,623	1,438	1,700	1,969	2,274	2,613	2,768
- Treasury Stock	406	750	1,256	1,557	1,837	2,499	252	1,015	1,279	1,904	2,417	4,144	5,024	6,192	7,092
+ Retained Earnings	1,361	1,654	2,031	2,842	3,337	3,906	1,962	2,695	3,742	4,565	6,068	7,590	8,992	13,167	14,240
+ Other Equity	-38	-38	-28	-101	-183	-198	-133	-138	-156	-161	-158	-255	-243	-244	-238
Equity Before Minority Interest	1,338	1,479	1,544	2,191	2,503	2,619	2,956	3,140	4,148	4,574	5,836	5,807	6,650	9,998	10,338
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	69	64	- -
Total Equity	1,338	1,479	1,544	2,191	2,503	2,619	2,956	3,140	4,148	4,574	5,836	5,807	6,719	10,063	10,338
Total Liabilities & Equity	1,980	2,222	2,710	3,523	4,056	4,510	5,666	5,324	6,488	7,237	8,503	8,292	9,363	13,055	13,697
Shares Outstanding	685	686	656	647	646	635	629	623	627	624	624	608	601	589	581
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	84	100	95	95	88	102	107
Net Debt	-21	-122	173	-56	-122	-108	218	-120	-585	-588	-267	-173	-535	-2,448	-2,340
Net Debt to Equity	-1.55	-8.22	11.18	-2.54	-4.85	-4.12	7.38	-3.83	-14.09	-12.86	-4.58	-2.97	-7.97	-24.32	-22.63
Tangible Common Equity Ratio	58.91	58.06	49.13	57.37	51.8	48.6	33.44	43.56	53.05	53.55	61.96	63.67	66.19	70.38	68.89
Current Ratio	3.49	3.72	4.99	5.24	4.3	4.21	1.8	2.61	3.31	3.46	3.08	3.03	3.38	4.18	3.72
Cash Conversion Cycle	190.03	202.61	222.77	191.38	198.68	176.09	203.38	223.5	196.39	232.39	199.31	369.12	312.91	317.46	284.4

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	237	292	389	811	495	570	584	722	1,047	823	1,503	1,522	1,399	4,170	1,069
+ Depreciation & Amortization	58	54	63	69	66	71	82	77	89	107	135	140	145	155	157
+ Non-Cash Items	50	-31	-32	-48	-75	-1	101	170	248	82	-51	-22	-122	-3,523	215
+ Stock-Based Compensation	35	42	47	48	50	57	62	71	81	93	109	127	139	162	158
+ Deferred Income Taxes	-1	-26	-12	-71	-95	-37	18	-27	12	-49	-41	-254	-272	-323	-118
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	31	119	114	- -	4	55	- -	- -	187
+ Other Non-Cash Adj	15	-46	-67	-25	-30	-21	-9	7	40	38	-123	51	10	-3,362	-13
+ Chg in Non-Cash Work Cap	-36	48	52	190	64	65	234	-43	-201	42	145	-421	-526	-259	155
+ (Inc) Dec in Accts Receiv	-54	-26	8	-27	-38	-60	-28	-29	-88	42	-91	-84	-141	121	-23
+ (Inc) Dec in Inventories	-57	-22	-44	-30	-68	-66	-124	-66	-105	-121	19	-213	-289	-256	51
+ (Inc) Dec in Prepaid Assets	21	2	-6	-1	- -	-13	-10	16	-7	-28	8	- -	-192	31	-15
+ Inc (Dec) in Accts Payable	55	-3	- -	113	29	78	94	192	-64	186	166	-66	113	53	319
+ Inc (Dec) in Other	-1	97	94	136	141	126	302	-156	63	-37	44	-58	-17	-208	-176
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	308	362	473	1,022	550	704	1,001	927	1,183	1,054	1,732	1,218	896	542	1,595
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-8	-7	-1	-11	-4	-41	-7	-3	-24	- -	-4	-20	-13	-30	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	-8	-7	-1	-11	-4	-41	-7	-3	-24	- -	-4	-20	-13	-30	- -
+ Cash (Repurchase) of Equity	-244	-244	-451	-188	-193	-559	-650	-648	-103	-625	-513	-1,727	-880	-1,159	-893
+ Increase in Capital Stock	60	100	46	113	87	103	114	147	160	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-303	-344	-497	-301	-280	-662	-763	-796	-263	-625	-513	-1,727	-880	-1,159	-893
+ Net Change in LT Investment	-290	69	-298	-518	122	10	-231	342	-193	-85	-1,363	580	610	-134	-282
+ Dec in LT Investment	353	662	526	1,613	1,440	1,085	1,103	801	410	777	529	1,359	716	858	2,878
+ Inc in LT Investment	-643	-593	-825	-2,131	-1,318	-1,075	-1,335	-459	-603	-862	-1,892	-779	-106	-992	-3,160
+ Net Cash From Acq & Div	-36	-36	-3	-24	-334	-6	-185	- -	-100	- -	- -	- -	-111	2,805	-101
+ Cash from Divestitures	9	3	- -	2	3	2	8	- -	- -	- -	- -	- -	- -	3,927	- -
+ Cash for Acq of Subs	-45	-39	-3	-26	-337	-8	-193	- -	-100	- -	- -	- -	-111	-1,122	-101
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-73	-105	-111	-80	-100	-175	-224	-263	-278	-446	-355	-308	-312	-328	-330
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-406	-79	-413	-633	-316	-212	-647	77	-596	-531	-1,722	252	174	2,313	-713
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	104	40	410	-13	2	222	176	-437	-10	-1	-2	- -	- -	- -	- -
+ Cash From Debt	526	407	1,305	226	31	254	995	688	19	16	5	- -	- -	- -	- -
+ Repayments of Debt	-422	-368	-895	-239	-30	-31	-818	-1,125	-29	-17	-7	- -	- -	- -	- -
+ Other Financing Activities	4	49	77	47	32	68	- -	-15	-3	139	158	143	169	176	-63
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-135	-156	35	-153	-159	-268	-473	-1,101	-116	-487	-356	-1,584	-711	-983	-957
Effect of Foreign Exchange Rates	9	12	15	-3	-10	-12	8	-6	-3	-20	14	19	17	39	-45
Net Changes in Cash	-234	128	95	236	75	224	-120	-98	472	36	-347	-114	359	1,872	-74
EBITDA	358	474	535	551	709	856	1,098	1,150	1,328	1,424	1,722	1,679	1,631	1,635	1,793
EBITDA Margin (%)	21.33	24.93	26.17	23.73	28.42	28.89	31.96	30.89	30.54	32.46	32.9	37.61	32.56	30.06	29.55
Free Cash Flow	300	355	472	1,012	546	663	993	924	1,159	1,054	1,728	1,198	882	512	1,595
Net Cash Paid for Acquisitions	36	36	3	24	334	6	185	- -	100	- -	- -	- -	111	-2,805	101
Free Cash Flow to Firm	303	358	479	1,024	560	678	1,006	952	1,177	1,068	1,744	1,215	898	530	1,612
Free Cash Flow to Equity	413	402	882	1,010	552	926	1,177	489	1,173	1,054	1,730	1,218	896	542	1,595
Free Cash Flow per Basic Share	0.44	0.52	0.7	1.58	0.84	1.04	1.57	1.47	1.85	1.69	2.77	1.94	1.45	0.86	2.73
Price/Free Cash Flow	26.72	28.9	15.79	13.38	31.44	27.37	24.14	35.19	41.02	54.66	47.1	37.61	51.11	77.52	31.31
Cash Flow to Net Income	1.3	1.24	1.21	1.26	1.11	1.24	1.71	1.28	1.13	1.28	1.15	0.8	0.64	0.13	1.49
Capital Expenditures	-8	-7	-1	-11	-4	-41	-7	-3	-24	- -	-4	-20	-13	-30	- -