First Citizens BancShares, Inc.

FCNCA

FCNCAFirst Citizens BancShares, Inc. US flag

NASDAQ Global Select

1,955.08

USD

-41.35

- -

22.65BMarket 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	1,185	1,107	1,008	996	1,261	1,297	1,409	1,552	1,698	1,820	1,838	4,526	8,754	9,500	9,252
+ Sales & Services Revenue	1,185	1,107	1,008	996	1,261	1,297	1,409	1,552	1,698	1,820	1,838	4,526	8,754	9,500	9,252
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	397	397	410	442	561	559	642	687	703	745	783	1,681	3,118	3,511	3,821
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-397	-397	-410	-442	-561	-559	-642	-687	-703	-745	-783	-1,681	-3,118	-3,511	-3,821
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-310	-197	-268	-204	-332	-351	-544	-504	-592	-618	-701	-1,362	-12,077	-3,592	-2,971
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-310	-197	-268	-204	-332	-351	-544	-504	-592	-618	-701	-1,362	-12,077	-3,592	-2,971
Pretax Income	310	197	268	204	332	351	544	504	592	618	701	1,362	12,077	3,592	2,971
- Income Tax Expense (Benefit)	115	65	102	65	122	126	220	103	135	126	154	264	611	815	765
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	195	132	167	139	210	225	324	400	457	492	547	1,098	11,466	2,777	2,206
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	195	132	167	139	210	225	324	400	457	492	547	1,098	11,466	2,777	2,206
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	195	132	167	139	210	225	324	400	457	492	547	1,098	11,466	2,777	2,206
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	14	18	50	59	61	57
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	195	132	167	139	210	225	324	400	457	478	529	1,048	11,407	2,716	2,149
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	65	72	73	82	111	111	114	120	128	133	143	533	-57	130	405
EBITDA Margin (%)	5.5	6.54	7.26	8.28	8.77	8.53	8.07	7.76	7.52	7.31	7.78	11.78	-0.65	1.37	4.38
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	16.46	11.96	16.56	13.92	16.68	17.39	22.98	25.79	26.94	27.03	29.76	24.26	130.98	29.23	23.84
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.2	1.5	0.9	1.13	1.5	1.2	1.2	1.41	1.63	2.98	4.28	5.34	8.05	11.02	12.38
Depreciation Expense	65	72	73	82	111	111	114	120	128	133	143	533	-57	130	405
Basic Weighted Avg Shares	10	10	10	10	12	12	12	12	11	10	10	16	15	14	13
Basic EPS, GAAP	18.8	12.92	17.35	13.56	17.52	18.77	26.96	33.53	41.05	47.53	53.89	67.47	785.18	189.38	165.28
Basic EPS from Cont Ops	18.8	12.92	17.35	13.56	17.52	18.77	26.96	33.53	41.05	48.92	55.72	70.69	789.24	193.63	169.66
Diluted Weighted Avg Shares	10	10	10	10	12	12	12	12	11	10	10	16	15	14	13
Diluted EPS, GAAP	18.8	12.92	17.35	13.56	17.52	18.77	26.96	33.53	41.05	47.53	53.89	67.4	784.55	189.37	165.28
Diluted EPS from Cont Ops	18.8	12.92	17.35	13.56	17.52	18.77	26.96	33.53	41.05	48.92	55.72	70.61	788.6	193.62	169.66

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	5,082	6,309	6,781	9,501	9,459	9,419	8,904	5,682	8,544	11,724	18,656	14,538	54,453	55,928	52,392
+ Cash & Cash Equivalents	591	640	534	604	534	540	336	327	377	362	9,453	5,543	34,517	22,178	20,602
+ ST Investments	4,491	5,669	6,247	8,897	8,924	8,879	8,568	5,355	8,168	11,362	9,203	8,995	19,936	33,750	31,790
+ Accounts & Notes Receiv	42	48	48	57	70	80	95	110	123	212	1,204	2,873	3,209	1,482	1,546
+ Accounts Receivable, Net	540	- -	- -	- -	- -	- -	- -	- -	- -	- -	134	329	832	902	912
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	-497	48	48	57	70	80	95	110	123	212	1,070	2,544	2,377	580	634
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-5,124	-6,357	-6,829	-9,558	-9,529	-9,499	-9,000	-5,792	-8,667	-11,936	-19,860	-17,411	-57,662	-57,410	-53,938
+ 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	854	883	877	1,125	1,136	1,133	1,138	1,204	1,244	1,319	1,297	9,957	10,977	11,645	12,362
+ Property, Plant & Equip	1,351	1,433	1,474	1,786	1,811	1,860	1,939	2,096	2,159	2,330	2,377	11,151	12,372	13,273	14,265
- Accumulated Depreciation	496	550	598	661	675	727	800	892	915	1,010	1,080	1,194	1,395	1,628	1,903
+ LT Investments & Receivables	4,493	5,671	6,248	8,897	8,925	8,879	8,568	7,632	8,281	14,434	13,280	20,189	32,154	46,733	44,686
+ LT Investments	4,493	5,671	6,248	8,897	8,925	8,879	8,568	7,632	8,281	14,434	13,280	20,189	32,154	46,733	44,686
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-5,348	-6,554	-7,124	-10,022	-10,061	-10,012	-9,707	-8,836	-9,525	-15,753	-14,577	-30,146	-43,131	-58,378	-57,048
+ Total Intangible Assets	110	106	104	246	231	229	224	309	418	401	388	511	683	622	573
+ Goodwill	103	103	103	140	140	151	151	236	349	350	346	346	346	346	346
+ Other Intangible Assets	7	4	1	107	91	78	73	72	68	51	42	165	337	276	227
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-5,457	-6,660	-7,228	-10,269	-10,291	-10,241	-9,930	-9,145	-9,943	-16,155	-14,965	-30,657	-43,814	-59,000	-57,621
Total Assets	20,997	21,284	21,194	30,075	31,476	32,991	34,528	35,409	39,824	49,958	58,309	109,298	213,758	223,720	229,698
+ Payables & Accruals	78	102	109	117	126	97	101	106	112	16	13	332	137	3,803	3,959
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8	57	137	134	140
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3,669	3,819
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	78	102	109	117	126	97	101	106	112	16	5	275	- -	- -	- -
+ ST Debt	440	454	412	490	- -	10	90	28	- -	- -	- -	1,750	- -	- -	- -
+ ST Borrowings	440	454	412	490	- -	10	90	28	- -	- -	- -	1,750	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-518	-556	-521	-607	-126	-107	-191	-134	-112	-16	-13	-2,082	-137	-3,803	-3,959
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-518	-556	-521	-607	-126	-107	-191	-134	-112	-16	-13	-2,082	-137	-3,803	-3,959
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	688	445	511	551	704	833	885	348	884	1,248	1,259	4,811	37,565	37,041	36,113
+ LT Borrowings	682	435	504	548	695	827	877	348	884	1,242	1,191	4,452	37,161	36,669	35,712
+ LT Finance Leases	6	10	7	3	9	6	8	13	- -	6	68	359	404	372	401
+ Other LT Liabilities	-688	-445	-511	-551	-704	-833	-885	-348	-884	-1,248	-1,259	-4,811	-37,565	-37,041	-36,113
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	33	286	3,579	3,534	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	924	1,024	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-688	-445	-511	-551	-704	-833	-885	-348	-884	-1,248	-1,292	-5,097	-42,068	-41,599	-36,113
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	19,136	19,420	19,122	27,388	28,604	29,978	31,193	31,920	36,238	45,728	53,571	99,636	192,503	201,492	207,460
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	340	340	881	881	881	1,375
+ Share Capital & APIC	154	153	153	671	671	671	671	506	55	10	10	4,124	4,123	2,431	12
+ Common Stock	10	10	10	12	12	12	12	12	11	10	10	15	15	14	12
+ Additional Paid in Capital	144	144	144	659	659	659	659	494	44	- -	- -	4,109	4,108	2,417	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	1,774	1,793	1,943	2,070	2,266	2,477	2,785	3,219	3,658	3,867	4,378	5,392	16,742	19,361	20,768
+ Other Equity	-67	-82	-25	-53	-64	-135	-122	-235	-127	12	10	-735	-491	-445	83
Equity Before Minority Interest	1,861	1,864	2,071	2,688	2,872	3,012	3,334	3,489	3,586	4,229	4,738	9,662	21,255	22,228	22,238
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	1,861	1,864	2,071	2,688	2,872	3,012	3,334	3,489	3,586	4,229	4,738	9,662	21,255	22,228	22,238
Total Liabilities & Equity	20,997	21,284	21,194	30,075	31,476	32,991	34,528	35,409	39,824	49,958	58,309	109,298	213,758	223,720	229,698
Shares Outstanding	10	10	10	12	12	12	12	12	11	10	10	15	15	14	12
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	6	10	7	3	9	6	8	13	- -	6	68	359	404	372	401
Net Debt	532	249	383	434	161	298	631	49	507	880	-8,262	659	2,644	14,491	15,110
Net Debt to Equity	28.56	13.37	18.47	16.16	5.6	9.88	18.94	1.41	14.14	20.8	-174.38	6.82	12.44	65.19	67.95
Tangible Common Equity Ratio	8.39	8.3	9.33	8.18	8.45	8.5	9.07	9.06	8.04	7.04	6.92	7.6	9.24	9.29	8.86
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	195	132	167	139	210	225	324	400	457	492	547	1,098	11,466	2,777	2,206
+ Depreciation & Amortization	65	72	73	82	111	111	114	120	128	133	143	533	-57	130	405
+ Non-Cash Items	-89	-8	-56	-82	-112	-27	-9	-83	43	-99	-246	416	-8,576	610	424
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	19	5	- -	- -
+ Deferred Income Taxes	-17	-34	48	-33	1	33	126	-13	55	-26	-8	206	-165	6	-111
+ Asset Impairment Charge	53	36	7	14	2	6	4	4	3	4	- -	- -	70	22	6
+ Other Non-Cash Adj	-126	-10	-110	-63	-114	-67	-140	-74	-15	-77	-238	191	-8,486	582	529
+ Chg in Non-Cash Work Cap	164	5	147	43	24	-78	-73	16	-50	-150	-728	744	-173	-529	-112
+ (Inc) Dec in Accts Receiv	93	-13	71	34	34	-32	-20	13	-4	-28	11	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	-20	-6	-732	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-14	87	5	8	7	-13	4	- -	14	-9	-1	- -	- -	- -	- -
+ Inc (Dec) in Other	86	-70	70	1	-18	-33	-58	4	-40	-108	-6	744	-173	-529	-112
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	336	201	331	182	233	231	355	454	578	376	-284	2,791	2,660	2,988	2,923
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	3	2	- -	1	1	108	243	250	285
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	3	2	- -	1	1	108	243	250	285
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-77	-89	-66	-83	-90	-82	-85	-140	-121	-133	-107	-926	-1,428	-1,535	-1,562
+ Acq of Fixed Prod Assets	-77	-89	-66	-83	-90	-82	-85	-140	-121	-133	-107	-926	-1,428	-1,535	-1,562
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-24	-104	- -	- -	- -	- -	- -	-163	-453	-334	- -	-1,240	- -	-1,648	-3,027
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-24	-104	- -	- -	- -	- -	- -	-163	-453	-334	- -	-1,240	- -	-1,648	-3,027
+ Net Change in LT Investment	765	-1,175	-233	387	297	125	126	779	32	-2,603	-3,117	-666	-9,928	-13,773	3,454
+ Dec in LT Investment	4,245	3,995	2,438	2,906	2,765	3,979	3,188	2,331	5,052	8,030	4,661	2,074	3,124	9,515	17,817
+ Inc in LT Investment	-3,481	-5,170	-2,671	-2,519	-2,468	-3,853	-3,062	-1,552	-5,020	-10,633	-7,778	-2,740	-13,052	-23,288	-14,363
+ Net Cash From Acq & Div	1,151	- -	- -	182	101	-1	305	-155	-237	-60	- -	134	810	- -	- -
+ Cash from Divestitures	1,151	- -	- -	182	123	- -	305	- -	- -	- -	- -	134	810	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	-22	-1	- -	-155	-237	-60	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	866	1,019	74	-504	-1,556	-1,143	-1,018	-384	-1,271	-7,113	-4,345	1,425	12,732	4,903	-7,788
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	2,705	-244	-225	-18	-1,248	-1,100	-669	101	-1,596	-9,908	-7,568	75	2,429	-10,155	-5,611
+ Dividends Paid	-12	-15	-9	-12	-18	-14	-14	-17	-18	-30	-42	-83	-117	-158	-161
+ Net Cash From Debt	-321	-196	66	-54	344	141	168	-874	99	562	-106	505	-4,879	-450	-1,012
+ Cash From Debt	- -	- -	70	- -	350	150	175	125	200	746	- -	6,959	10,491	- -	1,838
+ Repayments of Debt	-321	-196	-4	-54	-6	-9	-7	-999	-101	-184	-106	-6,454	-15,370	-450	-2,850
+ Other Financing Activities	-2,552	407	-269	-28	619	749	-44	490	1,439	9,319	7,976	-1,868	297	9,329	6,875
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-2,910	92	-212	-94	945	876	110	-564	1,067	9,517	7,828	-2,686	-4,699	7,073	2,675
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	131	49	-106	71	-70	6	-204	-9	49	-15	-24	180	390	-94	-13
EBITDA	65	72	73	82	111	111	114	120	128	133	143	533	-57	130	405
EBITDA Margin (%)	5.5	6.54	7.26	8.28	8.77	8.53	8.07	7.76	7.52	7.31	7.78	11.78	-0.65	1.37	4.38
Free Cash Flow	259	112	265	100	143	149	270	313	457	243	-391	1,865	1,232	1,453	1,361
Net Cash Paid for Acquisitions	-1,151	- -	- -	-182	-101	1	-305	155	237	60	- -	-134	-810	- -	- -
Free Cash Flow to Firm	259	112	265	100	143	149	270	313	457	243	-391	1,865	1,232	1,453	1,361
Free Cash Flow to Equity	-62	-84	331	45	487	289	442	-559	556	1,132	-514	2,969	-3,463	1,192	1,071
Free Cash Flow per Basic Share	24.94	10.97	27.55	9.74	11.93	12.38	22.52	26.25	41.03	24.16	-39.83	120.08	84.8	101.31	104.67
Price/Free Cash Flow	4.4	5.77	5.39	9.75	9.61	13.65	11	7.58	8.48	11.35	-46.02	3.17	5.05	6.7	6.22
Cash Flow to Net Income	1.72	1.52	1.98	1.32	1.11	1.02	1.1	1.13	1.26	0.76	-0.52	2.54	0.23	1.08	1.33
Capital Expenditures	-77	-89	-66	-83	-90	-82	-85	-140	-121	-133	-107	-926	-1,428	-1,535	-1,562