Horace Mann Educators Corporation

HMN

HMNHorace Mann Educators Corporation US flag

New York Stock Exchange

45.30

USD

-0.77

- -

1.83BMarket 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	998	1,011	1,031	1,061	1,080	1,129	1,172	1,176	1,405	1,290	1,250	1,341	1,433	1,550	1,625
+ Sales & Services Revenue	998	1,011	1,031	1,061	1,080	1,129	1,172	1,176	1,405	1,290	1,250	1,341	1,433	1,550	1,625
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	140	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-140	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-95	-149	-154	-146	-129	-114	-89	-20	-236	-160	-210	-16	-53	-129	-201
+ Interest Expense, Net	14	14	14	14	13	12	12	13	16	15	14	19	30	35	36
+ Interest Expense	14	14	14	14	13	12	12	13	16	15	14	19	30	35	36
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-109	-163	-168	-160	-143	-126	-101	-33	-252	-175	-224	-36	-83	-163	-238
Pretax Income	95	149	154	146	129	114	89	20	236	160	210	16	53	129	201
- Income Tax Expense (Benefit)	24	45	43	42	36	30	-81	1	52	26	40	-3	8	26	39
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	71	104	111	104	93	84	169	18	184	133	170	20	45	103	162
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	71	104	111	104	93	84	169	18	184	133	170	20	45	103	162
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	71	104	111	104	93	84	169	18	184	133	170	20	45	103	162
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	71	104	111	104	93	84	169	18	184	133	170	20	45	103	162
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITA	-9	- -	- -	- -	- -	- -	-7	-7	-16	-23	-18	-28	-26	-26	-27
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	7.06	10.28	10.75	9.83	8.65	7.42	14.46	1.56	13.13	10.34	13.63	1.48	3.14	6.63	9.98
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.48	0.57	0.8	0.96	1.05	1.1	1.13	1.14	1.15	1.2	1.24	1.26	1.31	1.34	1.39
Depreciation Expense	9	- -	- -	- -	- -	- -	7	7	16	23	18	28	26	26	27
Basic Weighted Avg Shares	40	39	41	41	41	40	41	41	41	41	41	42	41	41	41
Basic EPS, GAAP	1.77	2.64	2.74	2.55	2.3	2.08	4.16	0.45	4.47	3.22	4.12	0.48	1.09	2.49	3.93
Basic EPS from Cont Ops	1.77	2.64	2.74	2.55	2.3	2.08	4.16	0.45	4.47	3.22	4.12	0.48	1.09	2.49	3.93
Diluted Weighted Avg Shares	41	41	42	42	42	42	42	42	42	42	42	42	41	42	42
Diluted EPS, GAAP	1.7	2.51	2.67	2.47	2.2	2.02	4.07	0.44	4.4	3.17	4.04	0.47	1.09	2.48	3.9
Diluted EPS from Cont Ops	1.7	2.51	2.67	2.47	2.2	2.02	4.07	0.44	4.4	3.17	4.04	0.47	1.09	2.48	3.9

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	5,685	6,307	6,558	7,415	7,664	8,016	8,113	7,822	6,179	6,713	6,722	5,407	5,493	5,621	634
+ Cash & Cash Equivalents	7	15	18	12	16	17	8	12	26	22	133	42	29	33	26
+ ST Investments	5,678	6,292	6,539	7,403	7,648	7,999	8,105	7,810	6,154	6,692	6,590	5,365	5,464	5,588	608
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	153	468	480	425	419
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	153	468	480	425	419
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-5,685	-6,307	-6,558	-7,415	-7,664	-8,016	-8,113	-7,822	-6,179	-6,713	-6,876	-5,875	-5,974	-6,046	-1,054
+ 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	5,678	6,292	6,539	7,403	7,648	7,999	8,352	8,251	6,639	7,262	7,450	6,448	6,689	6,776	7,166
+ LT Investments	5,678	6,292	6,539	7,403	7,648	7,999	8,352	8,251	6,639	7,262	7,450	6,448	6,689	6,776	7,166
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-5,678	-6,292	-6,539	-7,403	-7,648	-7,999	-8,352	-8,251	-6,639	-7,262	-7,450	-6,448	-6,689	-6,776	-7,166
+ Total Intangible Assets	47	47	47	47	47	47	47	47	226	202	189	240	225	210	182
+ Goodwill	47	47	47	47	47	47	47	47	49	44	44	54	54	54	54
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	177	158	145	185	170	156	128
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-5,725	-6,339	-6,587	-7,451	-7,695	-8,047	-8,400	-8,298	-6,866	-7,464	-7,638	-6,688	-6,914	-6,986	-7,349
Total Assets	7,435	8,168	8,827	9,769	10,057	10,577	11,198	11,032	12,479	13,472	14,384	13,306	14,050	14,488	15,267
+ Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	38	38	38	38	- -	- -	- -	- -	135	135	249	249	- -	- -	- -
+ ST Borrowings	38	38	38	38	- -	- -	- -	- -	135	135	249	249	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-38	-38	-38	-38	- -	- -	- -	- -	-135	-135	-249	-249	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-38	-38	-38	-38	- -	- -	- -	- -	-135	-135	-249	-249	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	200	200	200	200	247	247	297	298	298	302	254	249	546	547	593
+ LT Borrowings	200	200	200	200	247	247	297	298	298	302	254	249	546	547	593
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-200	-200	-200	-200	-247	-247	-297	-298	-298	-302	-254	-249	-546	-547	-593
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-200	-200	-200	-200	-247	-247	-297	-298	-298	-302	-254	-249	-546	-547	-593
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	6,380	6,922	7,727	8,432	8,792	9,283	9,697	9,741	10,911	11,682	12,576	12,208	12,875	13,200	13,784
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	373	383	407	422	443	454	464	475	481	488	495	503	511	525	539
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	373	383	407	422	443	453	464	475	481	488	495	503	511	525	539
- Treasury Stock	411	426	430	436	458	479	481	486	486	488	493	517	524	532	553
+ Retained Earnings	841	922	1,000	1,065	1,116	1,156	1,231	1,217	1,353	1,435	1,525	1,512	1,502	1,548	1,652
+ Other Equity	252	367	122	285	163	164	287	85	220	355	280	-399	-314	-254	-155
Equity Before Minority Interest	1,055	1,246	1,099	1,336	1,265	1,294	1,502	1,291	1,567	1,790	1,807	1,098	1,175	1,288	1,483
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	1,055	1,246	1,099	1,336	1,265	1,294	1,502	1,291	1,567	1,790	1,807	1,098	1,175	1,288	1,483
Total Liabilities & Equity	7,435	8,168	8,827	9,769	10,057	10,577	11,198	11,032	12,479	13,472	14,384	13,306	14,050	14,488	15,267
Shares Outstanding	40	39	41	41	41	40	41	41	41	41	41	41	41	41	41
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	230	223	220	226	231	231	290	286	408	416	370	456	517	514	567
Net Debt to Equity	21.82	17.87	19.98	16.93	18.3	17.82	19.3	22.15	26	23.21	20.45	41.5	43.99	39.91	38.25
Tangible Common Equity Ratio	13.64	14.76	11.98	13.26	12.16	11.84	13.04	11.32	10.94	11.97	11.4	6.57	6.88	7.55	8.62
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	70	- -	- -	- -	- -	- -	169	18	184	133	170	20	45	103	162
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	-53	- -	- -	- -	- -	- -	5	18	-112	40	-4	116	45	88	42
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	9	8	7	7	8	9	10	10	10
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	28	10	- -	5	- -	- -	- -
+ Other Non-Cash Adj	-53	- -	- -	- -	- -	- -	-3	10	-147	23	-12	102	36	78	31
+ Chg in Non-Cash Work Cap	98	- -	- -	- -	- -	- -	82	164	55	87	38	36	212	262	350
+ (Inc) Dec in Accts Receiv	-1	- -	- -	- -	- -	- -	-13	-31	22	9	-2	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	9	- -	- -	- -	- -	- -	-5	-3	29	8	-91	110	-15	28	2
+ Inc (Dec) in Other	91	- -	- -	- -	- -	- -	99	199	4	69	131	-75	227	233	348
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	116	- -	- -	- -	- -	- -	257	201	128	260	205	172	302	452	553
+ 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	-2	-16	-4	-5	-22	-22	-2	-5	- -	-2	-5	-24	-6	-9	-21
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-2	-16	-4	-5	-22	-22	-2	-5	- -	-2	-5	-24	-6	-9	-21
+ Net Change in LT Investment	-303	-355	-598	-566	-382	-268	-146	-110	515	-339	-58	249	49	-188	-272
+ Dec in LT Investment	1,053	1,143	650	760	1,146	1,250	1,482	1,389	1,639	1,138	1,456	1,301	688	978	1,178
+ Inc in LT Investment	-1,356	-1,498	-1,248	-1,325	-1,528	-1,518	-1,627	-1,499	-1,124	-1,477	-1,514	-1,052	-639	-1,166	-1,451
+ Net Cash From Acq & Div	- -	- -	- -	- -	-34	-58	-83	-77	-459	-68	-234	-454	-166	45	30
+ Cash from Divestitures	- -	- -	- -	- -	- -	12	20	17	92	31	86	67	41	120	99
+ Cash for Acq of Subs	- -	- -	- -	- -	-34	-70	-103	-94	-551	-99	-321	-521	-207	-75	-69
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-10	-10	9	7	-10
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-303	-355	-598	-566	-416	-325	-229	-186	56	-407	-302	-215	-107	-136	-252
+ Dividends Paid	-19	-23	-33	-39	-43	-44	-46	-47	-47	-50	-51	-53	-54	-56	-57
+ Net Cash From Debt	-4	- -	- -	- -	7	- -	50	- -	-170	4	-297	-154	-390	-270	-464
+ Cash From Debt	-4	- -	- -	- -	247	- -	50	- -	135	4	119	- -	298	- -	295
+ Repayments of Debt	- -	- -	- -	- -	-240	- -	- -	- -	-305	- -	-416	-154	-688	-270	-760
+ Other Financing Activities	213	198	432	382	270	181	-39	42	47	192	562	183	242	26	230
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	189	160	395	337	212	115	-37	-10	-170	144	208	-48	-208	-308	-312
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	2	-195	-203	-228	-204	-210	-9	4	14	-3	111	-91	-13	8	-11
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	116	- -	- -	- -	- -	- -	257	201	128	260	205	172	302	452	553
Net Cash Paid for Acquisitions	- -	- -	- -	- -	34	58	83	77	459	68	234	454	166	-45	-30
Free Cash Flow to Firm	126	10	10	10	9	9	- -	213	140	272	216	- -	327	480	583
Free Cash Flow to Equity	112	- -	- -	- -	7	- -	307	201	-42	264	-92	18	-88	182	89
Free Cash Flow per Basic Share	2.9	- -	- -	- -	- -	- -	6.3	4.9	3.09	6.27	4.95	4.12	7.31	10.95	13.43
Price/Free Cash Flow	4.9	- -	- -	- -	- -	- -	7.15	7.81	14.34	6.8	7.97	9.11	4.48	3.6	3.47
Cash Flow to Net Income	1.64	- -	- -	- -	- -	- -	1.51	10.95	0.69	1.95	1.2	8.66	6.71	4.4	3.41
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -