FedEx Corporation

FDX

FDXFedEx Corporation US flag

New York Stock Exchange

335.85

USD

+16.60

- -

80.14BMarket 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	05/31/2011	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025

Sales/Revenue/Turnover	39,304	42,680	44,287	45,567	47,453	50,365	60,319	65,450	69,693	69,217	83,959	93,512	90,155	87,693	87,926
+ Sales & Services Revenue	39,304	42,680	44,287	45,567	47,453	50,365	60,319	65,450	69,693	69,217	83,959	93,512	90,155	87,693	87,926
- Cost of Revenue	31,515	33,970	33,521	35,825	38,895	40,037	47,001	51,348	54,866	55,873	66,005	73,345	70,989	68,741	68,931
+ Cost of Goods & Services	31,515	33,970	33,521	35,825	38,895	40,037	47,001	51,348	54,866	55,873	66,005	73,345	70,989	68,741	68,931
Gross Profit	7,789	8,710	10,766	9,742	8,558	10,328	13,318	14,102	14,827	13,344	17,954	20,167	19,166	18,952	18,995
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	5,322	5,390	5,672	5,927	6,415	7,251	8,752	9,450	10,041	10,492	11,981	13,644	13,828	12,654	13,001
+ Selling, General & Admin	15,276	16,099	- -	- -	- -	- -	-471	-598	3,251	122	-1,983	726	-1,054	-722	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-9,954	-10,709	5,672	5,927	6,415	7,251	9,223	10,048	6,790	10,370	13,964	12,918	14,882	13,376	13,001
Operating Income (Loss)	2,467	3,320	5,094	3,815	2,143	3,077	4,566	4,652	4,786	2,852	5,973	6,523	5,338	6,298	5,994
- Non-Operating (Income) Loss	202	179	756	157	516	337	-13	299	4,131	1,183	-701	1,627	-25	462	553
+ Interest Expense, Net	77	39	61	142	221	315	479	510	529	617	741	636	496	375	426
+ Interest Expense	86	52	82	160	235	336	512	558	588	672	793	689	694	745	789
- Interest Income	9	13	21	18	14	21	33	48	59	55	52	53	198	370	363
+ Other Non-Op (Income) Loss	125	140	695	15	295	22	-492	-211	3,602	566	-1,442	991	-521	87	127
Pretax Income	2,265	3,141	4,338	3,658	1,627	2,740	4,579	4,353	655	1,669	6,674	4,896	5,363	5,836	5,441
- Income Tax Expense (Benefit)	813	1,109	1,622	1,334	577	920	1,582	-219	115	383	1,443	1,070	1,391	1,505	1,349
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,452	2,032	2,716	2,324	1,050	1,820	2,997	4,572	540	1,286	5,231	3,826	3,972	4,331	4,092
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1,452	2,032	2,716	2,324	1,050	1,820	2,997	4,572	540	1,286	5,231	3,826	3,972	4,331	4,092
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1,452	2,032	2,716	2,324	1,050	1,820	2,997	4,572	540	1,286	5,231	3,826	3,972	4,331	4,092
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,452	2,032	2,716	2,324	1,050	1,820	2,997	4,572	540	1,286	5,231	3,826	3,972	4,331	4,092
EBIT	2,467	3,320	5,094	3,815	2,143	3,077	4,566	4,652	4,786	2,852	5,973	6,523	5,338	6,298	5,994
EBITDA	4,440	5,433	7,480	6,402	4,754	5,708	7,561	7,747	8,139	6,467	9,766	10,493	9,514	10,585	10,258
EBITDA Margin (%)	11.3	12.73	16.89	14.05	10.02	11.33	12.54	11.84	11.68	9.34	11.63	11.22	10.55	12.07	11.67
EBITA	2,467	3,320	5,094	3,815	2,143	3,077	4,566	4,652	4,786	2,852	5,973	6,523	5,338	6,298	5,994
Gross Margin (%)	19.82	20.41	24.31	21.38	18.03	20.51	22.08	21.55	21.27	19.28	21.38	21.57	21.26	21.61	21.6
Operating Margin (%)	6.28	7.78	11.5	8.37	4.52	6.11	7.57	7.11	6.87	4.12	7.11	6.98	5.92	7.18	6.82
Profit Margin (%)	3.69	4.76	6.13	5.1	2.21	3.61	4.97	6.99	0.77	1.86	6.23	4.09	4.41	4.94	4.65
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.48	0.52	0.56	0.66	0.8	1.04	1.59	2.01	2.62	2.59	2.56	2.98	4.6	5.02	5.51
Depreciation Expense	1,973	2,113	2,386	2,587	2,611	2,631	2,995	3,095	3,353	3,615	3,793	3,970	4,176	4,287	4,264
Basic Weighted Avg Shares	317	317	317	285	282	266	268	266	261	262	268	266	256	251	243
Basic EPS, GAAP	4.58	6.42	8.58	8.14	3.72	6.85	11.17	17.19	2.07	4.91	19.52	14.38	15.52	17.25	16.84
Basic EPS from Cont Ops	4.58	6.42	8.58	8.14	3.72	6.85	11.17	17.19	2.07	4.91	19.52	14.38	15.52	17.25	16.84
Diluted Weighted Avg Shares	317	317	317	310	287	279	270	272	265	262	269	267	257	252	243
Diluted EPS, GAAP	4.58	6.41	8.57	7.5	3.66	6.52	11.1	16.79	2.04	4.9	19.45	14.33	15.48	17.21	16.81
Diluted EPS from Cont Ops	4.58	6.41	8.57	7.5	3.66	6.52	11.1	16.79	2.04	4.9	19.45	14.33	15.48	17.21	16.81

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	05/31/2011	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025

Total Current Assets	8,285	9,056	11,274	9,683	10,335	11,989	12,628	13,341	13,086	16,383	20,580	20,365	18,610	18,207	18,386
+ Cash, Cash Equivalents & STI	2,328	2,843	4,917	2,908	3,763	3,534	3,969	3,265	2,319	4,881	7,087	6,897	6,856	6,501	5,502
+ Cash & Cash Equivalents	2,328	2,843	4,917	2,908	3,763	3,534	3,969	3,265	2,319	4,881	7,087	6,897	6,856	6,501	5,502
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	4,581	4,704	5,044	5,460	5,719	7,252	7,599	8,481	9,116	10,102	12,069	11,863	10,188	10,087	11,368
+ Accounts Receivable, Net	4,763	4,704	5,044	5,460	5,719	7,252	7,599	8,481	9,116	10,102	12,069	11,863	10,188	10,087	11,368
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	-182	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	437	440	457	463	498	496	514	525	553	572	587	637	604	614	602
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	437	440	457	463	498	496	514	525	553	572	587	637	604	614	602
+ Other ST Assets	939	1,069	856	852	355	707	546	1,070	1,098	828	837	968	962	1,005	914
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	19,100	20,847	22,293	23,387	26,196	33,970	35,924	38,989	41,317	57,154	62,197	65,629	68,533	68,800	69,241
+ Property, Plant & Equip, Net	15,543	17,248	18,484	19,550	20,875	24,284	25,981	28,154	30,429	47,525	51,135	54,704	58,045	58,606	58,095
+ Property, Plant & Equip	33,686	36,164	38,109	40,691	42,864	47,018	50,626	55,121	59,511	78,941	85,460	91,888	97,971	101,506	104,075
- Accumulated Depreciation	18,143	18,916	19,625	21,141	21,989	22,734	24,645	26,967	29,082	31,416	34,325	37,184	39,926	42,900	45,980
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	3,557	3,599	3,809	3,837	5,321	9,686	9,943	10,835	10,888	9,629	11,062	10,925	10,488	10,194	11,146
+ Total Intangible Assets	2,326	2,387	2,755	2,790	4,017	7,755	7,683	7,453	7,300	6,694	7,344	6,845	6,435	6,423	6,603
+ Goodwill	2,326	2,387	2,755	2,790	3,810	6,747	7,154	6,973	6,884	6,372	6,992	6,544	6,435	6,423	6,603
+ Other Intangible Assets	- -	- -	- -	- -	207	1,008	529	480	416	322	352	301	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1,231	1,212	1,054	1,047	1,304	1,931	2,260	3,382	3,588	2,935	3,718	4,080	4,053	3,771	4,543
Total Assets	27,385	29,903	33,567	33,070	36,531	45,959	48,552	52,330	54,403	73,537	82,777	85,994	87,143	87,007	87,627
+ Payables & Accruals	3,596	3,602	4,300	4,301	4,846	6,485	6,413	6,606	6,733	7,237	9,029	9,969	9,423	8,908	9,770
+ Accounts Payable	1,702	1,613	1,879	1,971	2,066	2,944	2,752	2,977	3,030	3,269	3,841	4,030	3,848	3,189	3,692
+ Accrued Taxes	- -	386	368	339	328	311	283	334	304	417	637	532	305	334	372
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1,894	1,603	2,053	1,991	2,452	3,230	3,378	3,295	3,399	3,551	4,551	5,407	5,270	5,385	5,706
+ ST Debt	18	417	251	1	19	29	22	1,342	964	1,974	2,354	2,525	2,516	2,531	3,993
+ ST Borrowings	18	417	251	1	19	29	22	1,342	964	- -	50	50	126	68	1,428
+ ST Finance Leases	18	417	- -	- -	- -	- -	- -	- -	- -	1,974	2,304	2,475	2,390	2,463	2,565
+ Other ST Liabilities	1,268	1,355	1,199	1,010	1,091	1,494	1,483	1,679	1,316	1,133	2,277	1,780	1,647	1,916	1,648
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1,268	1,355	1,199	1,010	1,091	1,494	1,483	1,679	1,316	1,133	2,277	1,780	1,647	1,916	1,648
Total Current Liabilities	4,882	5,374	5,750	5,312	5,956	8,008	7,918	9,627	9,013	10,344	13,660	14,274	13,586	13,355	15,411
+ LT Debt	1,667	1,250	2,739	4,736	7,249	13,733	14,909	15,243	16,617	34,147	34,108	34,669	35,816	35,188	33,423
+ LT Borrowings	1,667	1,250	2,739	4,736	7,249	13,733	14,909	15,243	16,617	21,518	20,304	19,746	20,453	20,135	19,151
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	12,629	13,804	14,923	15,363	15,053	14,272
+ Other LT Liabilities	5,616	8,552	7,680	7,745	8,333	10,434	9,652	8,044	11,016	10,751	10,841	12,112	11,653	10,882	10,719
+ Accrued Liabilities	2,361	1,871	2,657	3,078	2,102	2,122	3,153	3,539	3,352	3,162	3,927	4,093	4,489	4,482	4,205
+ Pension Liabilities	2,124	5,582	3,916	3,484	4,893	6,227	4,487	2,187	5,095	5,019	3,501	4,448	3,130	2,010	1,698
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1,131	1,099	1,107	1,183	1,338	2,085	2,012	2,318	2,569	2,570	3,413	3,571	4,034	4,390	4,816
Total Noncurrent Liabilities	7,283	9,802	10,419	12,481	15,582	24,167	24,561	23,287	27,633	44,898	44,949	46,781	47,469	46,070	44,142
Total Liabilities	12,165	15,176	16,169	17,793	21,538	32,175	32,479	32,914	36,646	55,242	58,609	61,055	61,055	59,425	59,553
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	2,516	2,627	2,700	2,675	2,818	2,924	3,037	3,149	3,263	3,388	3,513	3,744	3,801	4,020	4,322
+ Common Stock	32	32	32	32	32	32	32	32	32	32	32	32	32	32	32
+ Additional Paid in Capital	2,484	2,595	2,668	2,643	2,786	2,892	3,005	3,117	3,231	3,356	3,481	3,712	3,769	3,988	4,290
- Treasury Stock	12	81	1	4,133	4,897	7,342	7,382	7,978	9,289	9,162	8,430	10,484	11,645	13,728	16,288
+ Retained Earnings	15,266	17,134	18,519	16,229	16,900	18,371	20,833	24,823	24,648	25,216	29,817	32,782	35,259	38,649	41,402
+ Other Equity	-2,550	-4,953	-3,820	506	172	-169	-415	-578	-865	-1,147	-732	-1,103	-1,327	-1,359	-1,362
Equity Before Minority Interest	15,220	14,727	17,398	15,277	14,993	13,784	16,073	19,416	17,757	18,295	24,168	24,939	26,088	27,582	28,074
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	15,220	14,727	17,398	15,277	14,993	13,784	16,073	19,416	17,757	18,295	24,168	24,939	26,088	27,582	28,074
Total Liabilities & Equity	27,385	29,903	33,567	33,070	36,531	45,959	48,552	52,330	54,403	73,537	82,777	85,994	87,143	87,007	87,627
Shares Outstanding	317	317	317	285	282	266	268	266	261	262	267	260	251	244	238
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	18	417	- -	- -	- -	- -	- -	- -	- -	14,603	16,108	17,398	17,753	17,516	16,837
Net Debt	-643	-1,176	-1,927	1,829	3,505	10,228	10,962	13,320	15,262	16,637	13,267	12,899	13,723	13,702	15,077
Net Debt to Equity	-4.22	-7.99	-11.08	11.97	23.38	74.2	68.2	68.6	85.95	90.94	54.89	51.72	52.6	49.68	53.7
Tangible Common Equity Ratio	51.45	44.85	47.52	41.24	33.76	15.78	20.53	26.66	22.2	17.36	22.3	22.86	24.35	26.26	26.5
Current Ratio	1.7	1.69	1.96	1.82	1.74	1.5	1.59	1.39	1.45	1.58	1.51	1.43	1.37	1.36	1.19
Cash Conversion Cycle	8.26	27.38	26.05	27.15	28.58	28.69	26.75	28.17	29.69	33.78	31.74	30.18	27.57	26.75	29.53

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	05/31/2011	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025

+ Net Income	1,452	2,032	2,716	2,324	1,050	1,820	2,997	4,572	540	1,286	5,231	3,826	3,972	4,331	4,092
+ Depreciation & Amortization	1,973	2,113	2,386	2,587	2,611	2,631	2,995	3,095	3,353	3,615	3,793	3,970	4,176	4,287	4,264
+ Non-Cash Items	948	1,525	121	601	2,142	1,794	1,140	467	4,211	4,288	2,983	5,155	3,840	3,125	3,380
+ Stock-Based Compensation	98	105	109	117	133	144	154	167	174	168	200	190	182	163	154
+ Deferred Income Taxes	669	1,126	734	339	-572	31	909	-231	-233	2,449	2,887	2,931	3,472	- -	- -
+ Asset Impairment Charge	29	134	- -	- -	246	- -	- -	380	- -	435	- -	- -	117	157	21
+ Other Non-Cash Adj	152	160	-722	145	2,335	1,619	77	151	4,270	1,236	-104	2,034	69	2,805	3,205
+ Chg in Non-Cash Work Cap	-332	-835	-535	-1,248	-437	-537	-2,202	-3,460	-2,491	-4,092	-1,872	-3,119	-3,140	-3,431	-4,700
+ (Inc) Dec in Accts Receiv	-400	-254	-451	-516	-392	-199	-556	-1,049	-873	-1,331	-1,389	-310	782	-270	-1,780
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	370	144	10	-235	659	467	103	141	-571	-1,787	71	-1,861	-3,331	-2,553	-2,445
+ Inc (Dec) in Other	-302	-725	-94	-497	-704	-805	-1,749	-2,552	-1,047	-974	-554	-948	-591	-608	-475
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	4,041	4,835	4,688	4,264	5,366	5,708	4,930	4,674	5,613	5,097	10,135	9,832	8,848	8,312	7,036
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	108	-69	34	-4,300	-934	-2,539	-172	-690	-1,379	61	740	-2,064	-1,269	-2,009	-2,493
+ Increase in Capital Stock	108	128	280	557	320	183	337	327	101	64	740	184	231	491	524
+ Decrease in Capital Stock	- -	-197	-246	-4,857	-1,254	-2,722	-509	-1,017	-1,480	-3	- -	-2,248	-1,500	-2,500	-3,017
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-147	-84	-138	-152
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	38	110
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-147	-84	-176	-262
+ Net Cash From Acq & Div	-96	-116	-483	-36	-1,429	-4,618	- -	-56	-66	- -	-228	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	123	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-96	-116	-483	-36	-1,429	-4,618	- -	-179	-66	- -	-228	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-3,323	-3,933	-3,320	-3,515	-4,323	-4,828	-4,981	-5,621	-5,407	-5,846	-5,782	-6,669	-6,090	-5,062	-3,940
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-3,419	-4,049	-3,803	-3,551	-5,752	-9,446	-4,981	-5,677	-5,473	-5,846	-6,010	-6,816	-6,174	-5,200	-4,092
+ Dividends Paid	-151	-164	-177	-187	-227	-277	-426	-535	-683	-679	-686	-793	-1,177	-1,259	-1,339
+ Net Cash From Debt	-262	-29	1,322	1,743	2,486	6,478	1,108	1,442	1,027	4,008	-2,106	-161	-152	-147	-157
+ Cash From Debt	- -	- -	1,739	1,997	2,491	6,519	1,190	1,480	2,463	6,556	4,212	- -	- -	- -	- -
+ Repayments of Debt	-262	-29	-417	-254	-5	-41	-82	-38	-1,436	-2,548	-6,318	-161	-152	-147	-157
+ Other Financing Activities	18	18	5	25	24	-51	18	10	-4	-9	-38	-1	1	-11	-30
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-287	-244	1,184	-2,719	1,349	3,611	528	227	-1,039	3,381	-2,090	-3,019	-2,597	-3,426	-4,019
Effect of Foreign Exchange Rates	41	-27	5	-3	-108	-102	-42	72	-47	-70	171	-187	-118	-41	76
Net Changes in Cash	335	542	2,069	-2,006	963	-127	477	-776	-899	2,632	2,035	-3	77	-314	-1,075
EBITDA	4,440	5,433	7,480	6,402	4,754	5,708	7,561	7,747	8,139	6,467	9,766	10,493	9,514	10,585	10,258
EBITDA Margin (%)	11.3	12.73	16.89	14.05	10.02	11.33	12.54	11.84	11.68	9.34	11.63	11.22	10.55	12.07	11.67
Free Cash Flow	4,041	4,835	4,688	4,264	5,366	5,708	4,930	4,674	5,613	5,097	10,135	9,832	8,848	8,312	7,036
Net Cash Paid for Acquisitions	96	116	483	36	1,429	4,618	- -	56	66	- -	228	- -	- -	- -	- -
Free Cash Flow to Firm	4,096	4,869	4,739	4,366	5,518	5,931	5,265	- -	6,098	5,615	10,757	10,370	9,362	8,865	7,629
Free Cash Flow to Equity	3,779	4,806	6,010	6,007	7,852	12,186	6,038	6,116	6,640	9,105	8,029	9,671	8,696	8,165	6,879
Free Cash Flow per Basic Share	12.75	15.27	14.81	14.94	19	21.5	18.38	17.58	21.52	19.45	37.82	36.96	34.56	33.12	28.95
Price/Free Cash Flow	5.91	4.71	5.25	8.44	7.46	6.49	8.55	11.69	5.87	5.41	6.73	4.91	5.09	6.19	6.08
Cash Flow to Net Income	2.78	2.38	1.73	1.83	5.11	3.14	1.64	1.02	10.39	3.96	1.94	2.57	2.23	1.92	1.72
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -