Farmers & Merchants Bancorp, Inc.

FMAO

FMAOFarmers & Merchants Bancorp, Inc. US flag

NASDAQ Capital Market

29.85

USD

+0.36

- -

410.93MMarket Cap

Income Statement (USD)

API ChatGPT

	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	35	38	38	40	41	44	46	49	64	75	85	99	94	99	118
+ Sales & Services Revenue	35	38	38	40	41	44	46	49	64	75	85	99	94	99	118
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	17	18	19	20	21	20	21	23	30	32	38	38	45	48	51
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-17	-18	-19	-20	-21	-20	-21	-23	-30	-32	-38	-38	-45	-48	-51
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-11	-14	-13	-14	-14	-16	-18	-18	-23	-25	-29	-40	-28	-33	-43
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-11	-14	-13	-14	-14	-16	-18	-18	-23	-25	-29	-40	-28	-33	-43
Pretax Income	11	14	13	14	14	16	18	18	23	25	29	40	28	33	43
- Income Tax Expense (Benefit)	3	4	4	4	4	5	5	3	4	5	6	8	6	7	9
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	9	10	9	10	10	12	13	15	18	20	23	33	23	26	33
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	9	10	9	10	10	12	13	15	18	20	23	33	23	26	33
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	9	10	9	10	10	12	13	15	18	20	23	33	23	26	33
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	9	10	9	10	10	12	13	15	18	20	23	33	23	26	33
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	2	2	2	2	2	2	2	2	4	4	5	4	6	6	7
EBITDA Margin (%)	5.5	5.88	5.14	5.32	5.05	5.06	4.71	4.54	5.54	5.74	5.88	4.05	6.17	6.44	5.94
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	24.09	25.77	24.01	24.26	25.34	26.76	27.86	30.3	28.95	26.84	27.7	32.75	24.34	26.23	28.32
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.38	0.38	0.4	0.42	0.43	0.45	0.48	0.53	0.57	0.64	0.66	0.78	0.83	0.87	0.88
Depreciation Expense	2	2	2	2	2	2	2	2	4	4	5	4	6	6	7
Basic Weighted Avg Shares	9	9	9	9	9	9	9	9	11	11	12	13	14	14	14
Basic EPS, GAAP	0.9	1.04	0.97	1.05	1.12	1.27	1.38	1.61	1.66	1.8	2.01	2.46	1.67	1.9	2.43
Basic EPS from Cont Ops	0.9	1.04	0.97	1.05	1.12	1.27	1.38	1.61	1.66	1.8	2.01	2.46	1.67	1.9	2.43
Diluted Weighted Avg Shares	9	9	9	9	9	9	9	9	11	11	12	13	14	14	14
Diluted EPS, GAAP	0.9	1.04	0.97	1.05	1.12	1.27	1.38	1.61	1.66	1.8	2.01	2.46	1.67	1.9	2.43
Diluted EPS from Cont Ops	0.9	1.04	0.97	1.05	1.12	1.27	1.38	1.61	1.66	1.8	2.01	2.46	1.67	1.9	2.43

Balance Sheet (USD)

API ChatGPT

	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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	359	393	343	271	256	248	234	210	277	411	576	478	502	604	309
+ Cash & Cash Equivalents	32	38	18	22	21	29	37	42	54	103	146	88	144	177	99
+ ST Investments	328	356	325	248	235	219	196	168	222	308	430	391	358	427	211
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-359	-393	-343	-271	-256	-248	-234	-210	-277	-411	-576	-478	-502	-604	-309
+ 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	17	18	19	20	21	21	22	23	26	27	27	29	36	34	32
+ Property, Plant & Equip	33	34	36	38	40	42	43	46	58	58	61	68	78	79	80
- Accumulated Depreciation	16	17	17	18	19	20	22	23	32	31	34	39	42	46	48
+ LT Investments & Receivables	332	360	329	252	239	222	200	172	228	314	438	401	376	441	435
+ LT Investments	332	360	329	252	239	222	200	172	228	314	438	401	376	441	435
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-349	-378	-347	-273	-259	-244	-222	-195	-254	-341	-465	-429	-411	-475	-467
+ Total Intangible Assets	6	6	6	6	6	6	6	6	50	51	84	90	92	92	92
+ Goodwill	4	4	4	4	4	4	4	4	47	47	80	86	86	86	86
+ Other Intangible Assets	2	2	2	2	2	2	2	2	3	3	3	4	6	6	5
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-355	-384	-354	-279	-266	-250	-228	-201	-304	-391	-549	-519	-503	-567	-559
Total Assets	923	947	966	941	989	1,056	1,107	1,116	1,607	1,910	2,638	3,015	3,283	3,365	3,434
+ Payables & Accruals	1	1	1	1	1	1	1	1	2	2	2	3	3	3	3
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	1	1	1	1	1	1	1	2	2	2	3	3	3	3
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-1	-1	-1	-1	-1	-1	-1	-1	-2	-2	-2	-3	-3	-3	-3
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-1	-1	-1	-1	-1	-1	-1	-1	-2	-2	-2	-3	-3	-3	-3
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	17	12	4	- -	10	10	5	- -	25	18	99	172	300	281	262
+ LT Borrowings	17	12	4	- -	10	10	5	- -	25	18	99	172	300	281	262
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-17	-12	-4	- -	-10	-10	-5	- -	-25	-18	-99	-172	-300	-281	-262
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-17	-12	-4	- -	-10	-10	-5	- -	-25	-18	-99	-172	-300	-281	-262
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	818	836	857	827	869	930	973	973	1,377	1,660	2,341	2,717	2,967	3,030	3,064
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	25	25	25	24	24	24	23	22	82	82	123	135	136	136	136
+ Common Stock	13	13	12	12	12	12	12	11	82	82	123	135	136	136	136
+ Additional Paid in Capital	13	13	12	12	12	12	12	11	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	10	11	12	12	12	12	12	12	12	12	12	12	11	11	11
+ Retained Earnings	96	103	108	114	120	128	137	148	160	174	189	212	221	236	258
+ Other Equity	6	6	- -	- -	- -	-2	-2	-3	1	6	-3	-38	-29	-25	-12
Equity Before Minority Interest	105	110	109	114	120	126	134	143	230	249	297	298	317	335	371
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	105	110	109	114	120	126	134	143	230	249	297	298	317	335	371
Total Liabilities & Equity	923	947	966	941	989	1,056	1,107	1,116	1,607	1,910	2,638	3,015	3,283	3,365	3,434
Shares Outstanding	9	9	9	9	9	9	9	9	11	11	13	14	14	14	14
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-15	-26	-14	-22	-11	-19	-32	-42	-30	-85	-48	85	157	104	164
Net Debt to Equity	-14.22	-23.55	-12.67	-19.43	-9.44	-15.34	-24.23	-28.97	-12.87	-34.14	-16.11	28.36	49.53	30.89	44.1
Tangible Common Equity Ratio	10.79	11.07	10.68	11.59	11.59	11.37	11.61	12.33	11.58	10.68	8.36	7.12	7.04	7.43	8.36
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API ChatGPT

	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	9	10	9	10	10	12	13	15	18	20	23	33	23	26	33
+ Depreciation & Amortization	2	2	2	2	2	2	2	2	4	4	5	4	6	6	7
+ Non-Cash Items	5	1	5	6	1	-1	3	1	-4	4	2	10	1	-3	-1
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	1	1	1	1	1	1	1	2	2
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	-2	- -	2	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	5	1	4	6	1	-1	3	- -	-5	5	3	8	-3	-5	-2
+ Chg in Non-Cash Work Cap	- -	1	2	1	1	-1	- -	-8	6	-1	4	-5	-7	3	-3
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	- -	1	2	1	1	-1	- -	-8	6	-1	4	-5	-7	3	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	15	14	17	19	15	12	18	11	24	27	35	41	22	32	37
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-2	-2	-3	-2	-2	-2	-3	-4	-3	-2	-3	-11	-2	-2
+ Acq of Fixed Prod Assets	-1	-2	-2	-3	-2	-2	-2	-3	-4	-3	-2	-3	-11	-2	-2
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	-1	-1	-1	-1	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	-1	-1	-1	-1	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -
+ Net Change in LT Investment	-34	-31	21	76	12	13	21	26	-32	-81	-106	-9	33	-66	19
+ Dec in LT Investment	84	103	124	76	73	128	37	40	78	103	66	31	46	35	71
+ Inc in LT Investment	-118	-134	-103	- -	-61	-115	-15	-14	-110	-184	-171	-40	-13	-101	-52
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -	-12	9	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -	-13	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	20	6	-51	-50	-64	-75	-68	-22	-112	-94	-146	-387	-216	24	-156
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-14	-26	-32	23	-54	-64	-48	1	-149	-178	-266	-390	-194	-44	-139
+ Dividends Paid	-4	-4	-4	-4	-4	-4	-4	-5	-6	-7	-8	-10	-11	-12	-12
+ Net Cash From Debt	-13	-5	-7	-4	10	- -	-5	-5	-24	-7	74	73	128	-20	-19
+ Cash From Debt	- -	- -	- -	- -	10	- -	- -	- -	- -	- -	74	140	324	15	40
+ Repayments of Debt	-13	-5	-7	-4	- -	- -	-5	-5	-24	-7	- -	-67	-196	-35	-59
+ Other Financing Activities	16	23	2	-28	32	62	46	2	169	290	170	191	113	78	54
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1	13	-10	-37	37	58	37	-8	138	275	236	253	230	46	23
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	1	-25	5	-2	6	6	4	13	124	5	-96	58	34	-79
EBITDA	2	2	2	2	2	2	2	2	4	4	5	4	6	6	7
EBITDA Margin (%)	5.5	5.88	5.14	5.32	5.05	5.06	4.71	4.54	5.54	5.74	5.88	4.05	6.17	6.44	5.94
Free Cash Flow	14	12	15	16	13	10	16	8	20	24	33	38	11	31	35
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	12	-9	- -	- -	- -
Free Cash Flow to Firm	14	12	15	16	13	10	16	8	20	24	33	38	11	31	35
Free Cash Flow to Equity	1	7	8	12	23	10	11	3	-4	17	107	111	140	11	16
Free Cash Flow per Basic Share	1.51	1.33	1.61	1.77	1.42	1.09	1.71	0.87	1.84	2.17	2.81	2.88	0.82	2.24	2.55
Price/Free Cash Flow	5.13	5.86	5.37	5.57	7.52	10.88	19.25	26.74	12.18	8.38	10.43	8.3	10.23	11.73	8.81
Cash Flow to Net Income	1.79	1.45	1.89	1.99	1.43	1.07	1.39	0.72	1.3	1.36	1.48	1.25	0.97	1.25	1.1
Capital Expenditures	-1	-2	-2	-3	-2	-2	-2	-3	-4	-3	-2	-3	-11	-2	-2