Intercontinental Exchange, Inc.

ICE

ICEIntercontinental Exchange, Inc. US flag

New York Stock Exchange

142.38

USD

-2.58

- -

80.52BMarket 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	1,327	1,363	1,730	4,352	4,682	5,971	5,843	6,276	6,547	8,244	9,168	9,636	9,903	11,761	12,640
+ Sales & Services Revenue	1,327	1,363	1,730	4,352	4,682	5,971	5,843	6,276	6,547	8,244	9,168	9,636	9,903	11,761	12,640
- Cost of Revenue	298	297	497	2,040	2,158	2,786	2,548	2,723	2,856	3,945	4,150	4,434	4,244	5,239	5,542
+ Cost of Goods & Services	298	297	497	2,040	2,158	2,786	2,548	2,723	2,856	3,945	4,150	4,434	4,244	5,239	5,542
Gross Profit	1,029	1,066	1,233	2,312	2,524	3,185	3,295	3,553	3,691	4,299	5,018	5,202	5,659	6,522	7,098
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	220	220	300	735	686	933	880	936	1,016	1,161	1,467	1,471	1,696	2,109	2,099
+ Selling, General & Admin	88	89	144	402	312	323	345	350	354	410	458	440	481	572	539
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	132	131	156	333	374	610	535	586	662	751	1,009	1,031	1,215	1,537	1,560
Operating Income (Loss)	809	846	933	1,577	1,838	2,252	2,415	2,617	2,675	3,138	3,551	3,731	3,963	4,413	4,999
- Non-Operating (Income) Loss	49	56	429	170	185	209	-111	97	194	372	-2,147	1,923	1,069	785	653
+ Interest Expense, Net	32	37	53	96	97	175	179	222	250	347	422	508	489	769	684
+ Interest Expense	35	39	56	96	97	178	187	244	285	357	423	616	808	910	803
- Interest Income	3	2	3	- -	- -	3	8	22	35	10	1	108	319	141	119
+ Other Non-Op (Income) Loss	17	19	376	74	88	34	-290	-125	-56	25	-2,569	1,415	580	16	-31
Pretax Income	760	790	504	1,407	1,653	2,043	2,526	2,520	2,481	2,766	5,698	1,808	2,894	3,628	4,346
- Income Tax Expense (Benefit)	238	228	184	402	358	586	-28	500	521	658	1,629	310	456	826	976
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	522	562	320	1,005	1,295	1,457	2,554	2,020	1,960	2,108	4,069	1,498	2,438	2,802	3,370
- Net Extraordinary Losses (Gains)	24	20	82	59	42	54	56	64	54	38	22	104	140	96	110
+ Discontinued Operations	- -	- -	-50	11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	24	20	132	48	42	54	56	64	54	38	22	104	140	96	110
Income (Loss) Incl. MI	498	542	238	946	1,253	1,403	2,498	1,956	1,906	2,070	4,047	1,394	2,298	2,706	3,260
- Minority Interest	-12	-10	-16	-35	-21	-27	-28	-32	-27	-19	-11	-52	-70	-48	-55
Net Income, GAAP	510	552	254	981	1,274	1,430	2,526	1,988	1,933	2,089	4,058	1,446	2,368	2,754	3,315
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	510	552	254	981	1,274	1,430	2,526	1,988	1,933	2,089	4,058	1,446	2,368	2,754	3,315
EBIT	809	846	933	1,577	1,838	2,252	2,415	2,617	2,675	3,138	3,551	3,731	3,963	4,413	4,999
EBITDA	941	977	1,089	1,910	2,212	2,862	2,950	3,203	3,337	3,889	4,560	4,762	5,178	5,950	6,559
EBITDA Margin (%)	70.91	71.68	62.95	43.89	47.24	47.93	50.49	51.04	50.97	47.17	49.74	49.42	52.29	50.59	51.89
EBITA	809	846	933	1,577	1,838	2,252	2,415	2,617	2,675	3,138	3,551	3,731	3,963	4,413	4,999
Gross Margin (%)	77.54	78.21	71.27	53.12	53.91	53.34	56.39	56.61	56.38	52.15	54.73	53.99	57.14	55.45	56.16
Operating Margin (%)	60.96	62.07	53.93	36.24	39.26	37.72	41.33	41.7	40.86	38.06	38.73	38.72	40.02	37.52	39.55
Profit Margin (%)	38.43	40.5	14.68	22.54	27.21	23.95	43.23	31.68	29.52	25.34	44.26	15.01	23.91	23.42	26.23
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	0.19	0.52	0.6	0.69	0.81	0.97	1.11	1.21	1.33	1.53	1.69	1.81	1.93
Depreciation Expense	132	131	156	333	374	610	535	586	662	751	1,009	1,031	1,215	1,537	1,560
Basic Weighted Avg Shares	365	364	390	570	555	595	589	575	561	552	562	559	564	573	572
Basic EPS, GAAP	1.4	1.52	0.65	1.72	2.3	2.4	4.29	3.46	3.45	3.78	7.22	2.59	4.2	4.81	5.8
Basic EPS from Cont Ops	1.43	1.55	0.82	1.76	2.33	2.45	4.34	3.51	3.49	3.82	7.24	2.68	4.32	4.89	5.89
Diluted Weighted Avg Shares	370	367	395	575	560	599	594	579	565	555	565	561	565	576	575
Diluted EPS, GAAP	1.38	1.5	0.64	1.71	2.28	2.39	4.25	3.43	3.42	3.76	7.18	2.58	4.19	4.78	5.77
Diluted EPS from Cont Ops	1.41	1.53	0.81	1.75	2.31	2.43	4.3	3.49	3.47	3.8	7.2	2.67	4.32	4.86	5.86

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	32,605	33,750	44,269	50,232	53,313	57,133	53,562	66,692	67,979	87,219	154,300	156,947	84,973	89,095	85,778
+ Cash, Cash Equivalents & STI	823	1,612	1,035	1,852	656	430	551	724	841	583	607	4,415	1,129	1,368	3,616
+ Cash & Cash Equivalents	823	1,612	961	652	627	407	535	724	841	583	607	1,799	899	844	837
+ ST Investments	- -	- -	74	1,200	29	23	16	- -	- -	- -	- -	2,616	230	524	2,779
+ Accounts & Notes Receiv	136	127	546	508	700	777	903	953	988	1,230	1,208	3,935	2,950	3,129	3,210
+ Accounts Receivable, Net	136	127	546	508	700	777	903	953	988	1,230	1,208	1,169	1,366	1,490	1,552
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,766	1,584	1,639	1,658
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	31,646	32,011	42,688	47,872	51,957	55,926	52,108	65,015	66,150	85,406	152,485	148,597	80,894	84,598	78,952
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3,542	3,465	20,153	18,022	24,674	24,870	24,702	26,099	26,514	38,981	39,202	37,391	51,111	50,333	51,109
+ Property, Plant & Equip, Net	131	144	889	874	1,037	1,129	1,246	1,241	1,536	1,713	1,699	1,767	1,923	2,153	2,691
+ Property, Plant & Equip	345	387	1,175	1,301	1,623	1,936	2,276	2,507	3,042	3,464	3,632	3,865	4,269	4,692	5,539
- Accumulated Depreciation	214	243	286	427	586	807	1,030	1,266	1,506	1,751	1,933	2,098	2,346	2,539	2,848
+ LT Investments & Receivables	451	391	324	379	299	432	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	451	391	324	379	299	432	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2,960	2,930	18,940	16,769	23,338	23,309	23,456	24,858	24,978	37,268	37,503	35,624	49,188	48,180	48,418
+ Total Intangible Assets	2,757	2,737	18,512	16,315	22,837	22,711	22,485	23,547	23,600	35,699	34,859	34,201	47,870	46,901	45,999
+ Goodwill	1,903	1,938	9,189	8,535	12,079	12,291	12,216	13,085	13,342	21,291	21,123	21,111	30,553	30,595	30,646
+ Other Intangible Assets	854	799	9,323	7,780	10,758	10,420	10,269	10,462	10,258	14,408	13,736	13,090	17,317	16,306	15,353
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	203	193	428	454	501	598	971	1,311	1,378	1,569	2,644	1,423	1,318	1,279	2,419
Total Assets	36,148	37,215	64,422	68,254	77,987	82,003	78,264	92,791	94,493	126,200	193,502	194,338	136,084	139,428	136,887
+ Payables & Accruals	- -	125	781	751	- -	- -	- -	- -	- -	3,647	- -	- -	- -	- -	- -
+ Accounts Payable	66	70	392	409	398	388	462	521	505	639	703	866	1,003	1,051	1,078
+ Accrued Taxes	23	29	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	-89	26	389	342	-398	-388	-462	-521	-505	3,008	-703	-866	-1,003	-1,051	-1,078
+ ST Debt	50	163	1,135	2,042	2,591	2,493	1,833	951	2,569	2,411	1,521	4	1,954	3,027	1,035
+ ST Borrowings	50	163	1,135	2,042	2,591	2,493	1,833	951	2,569	2,411	1,521	4	1,954	3,027	1,035
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	31,750	31,958	42,405	47,643	52,152	56,124	52,342	65,157	66,247	81,941	151,890	149,167	82,672	86,526	83,081
+ Deferred Revenue	31,556	31,883	58	69	98	114	125	135	129	158	194	170	200	236	204
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	194	75	42,347	47,574	52,054	56,010	52,217	65,022	66,118	81,783	151,696	148,997	82,472	86,290	82,877
Total Current Liabilities	31,800	32,246	44,321	50,436	54,743	58,617	54,175	66,108	68,816	87,999	153,411	149,171	84,626	89,553	84,116
+ LT Debt	838	969	3,923	2,235	4,717	3,871	4,267	6,490	5,531	14,446	12,649	18,372	20,958	17,676	19,244
+ LT Borrowings	838	969	3,923	2,235	4,717	3,871	4,267	6,490	5,250	14,126	12,397	18,118	20,659	17,341	18,609
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	281	320	252	254	299	335	635
+ Other LT Liabilities	348	323	3,475	3,026	3,652	3,725	2,837	2,891	2,782	4,128	4,694	4,034	4,714	4,479	4,536
+ Accrued Liabilities	236	216	2,594	2,028	2,837	2,958	2,298	2,337	2,314	3,563	4,100	3,493	4,080	3,904	3,998
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	112	107	881	998	815	767	539	554	468	565	594	541	634	575	538
Total Noncurrent Liabilities	1,185	1,292	7,398	5,261	8,369	7,596	7,104	9,381	8,313	18,574	17,343	22,406	25,672	22,155	23,780
Total Liabilities	32,986	33,538	51,719	55,697	63,112	66,213	61,279	75,489	77,129	106,573	170,754	171,577	110,298	111,708	107,896
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1,830	1,904	9,795	9,939	12,296	11,312	11,398	11,553	11,748	13,851	14,075	14,319	15,959	16,299	16,650
+ Common Stock	1	1	1	1	6	6	6	6	6	6	6	6	6	7	7
+ Additional Paid in Capital	1,829	1,903	9,794	9,938	12,290	11,306	11,392	11,547	11,742	13,845	14,069	14,313	15,953	16,292	16,643
- Treasury Stock	644	717	53	743	1,448	40	1,076	2,354	3,879	5,200	5,520	6,225	6,304	6,385	7,792
+ Retained Earnings	1,957	2,509	2,482	3,210	4,148	4,789	6,858	8,317	9,629	11,039	14,350	14,943	16,356	18,071	20,281
+ Other Equity	-21	-52	125	-46	-188	-344	-223	-315	-243	-192	-196	-331	-294	-338	-224
Equity Before Minority Interest	3,122	3,644	12,349	12,360	14,808	15,717	16,957	17,201	17,255	19,498	22,709	22,706	25,717	27,647	28,915
+ Minority/Non Controlling Interest	41	33	354	197	67	73	28	101	109	129	39	55	69	73	76
Total Equity	3,162	3,677	12,703	12,557	14,875	15,790	16,985	17,302	17,364	19,627	22,748	22,761	25,786	27,720	28,991
Total Liabilities & Equity	36,148	37,215	64,422	68,254	77,987	82,003	78,264	92,791	94,493	126,200	193,502	194,338	136,084	139,428	136,887
Shares Outstanding	362	362	575	565	595	595	583	569	554	561	561	559	573	574	567
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	281	320	252	254	299	335	635
Net Debt	65	-480	4,097	3,625	6,681	5,957	5,565	6,717	6,978	15,954	13,311	16,323	21,714	19,524	18,807
Net Debt to Equity	2.04	-13.05	32.25	28.87	44.91	37.73	32.76	38.82	40.19	81.29	58.52	71.71	84.21	70.43	64.87
Tangible Common Equity Ratio	1.21	2.73	-12.65	-7.24	-14.44	-11.67	-9.86	-9.02	-8.8	-17.76	-7.63	-7.14	-25.03	-20.73	-18.71
Current Ratio	1.03	1.05	1	1	0.97	0.97	0.99	1.01	0.99	0.99	1.01	1.05	1	0.99	1.02
Cash Conversion Cycle	-45.81	-48.29	-98.65	-27.46	-21.16	-6.34	-8.41	-11.91	-11.46	-3.82	-10.48	-19.56	-33.65	-27.23	-26.19

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	522	562	320	1,005	1,295	1,457	2,554	2,020	1,960	2,108	4,069	1,498	2,438	2,802	3,370
+ Depreciation & Amortization	132	131	156	333	374	610	535	586	662	751	1,009	1,031	1,215	1,537	1,560
+ Non-Cash Items	52	24	263	17	-37	238	-765	23	66	151	-1,868	902	277	207	236
+ Stock-Based Compensation	53	52	64	97	111	124	135	130	139	139	188	155	257	231	238
+ Deferred Income Taxes	-3	-24	-35	21	-108	120	-654	27	-33	92	537	-593	-329	-142	82
+ Asset Impairment Charge	- -	- -	190	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	2	-4	44	-101	-40	-6	-246	-134	-40	-80	-2,593	1,340	349	118	-84
+ Chg in Non-Cash Work Cap	7	16	-25	108	-321	-156	-239	-96	-29	-129	-87	123	-388	63	-504
+ (Inc) Dec in Accts Receiv	-22	10	-35	-43	-45	-65	-135	-44	-30	-149	-5	20	-71	-149	-62
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-7	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	43	- -	32	52	-298	14	-2	-33	34	69	-150	166	-144	237	-316
+ Inc (Dec) in Other	-7	5	-22	99	22	-105	-102	-19	-33	-49	68	-63	-173	-25	-126
+ Net Cash From Disc Ops	- -	- -	21	51	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	713	733	735	1,514	1,311	2,149	2,085	2,533	2,659	2,881	3,123	3,554	3,542	4,609	4,662
+ 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	-190	-72	-77	-690	-705	-104	-1,037	-1,278	-1,525	-1,321	-320	-705	-78	-81	-1,397
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-190	-72	-77	-690	-705	-104	-1,037	-1,278	-1,525	-1,321	-320	-705	-78	-81	-1,397
+ Net Change in LT Investment	-512	- -	-26	-1,250	1,084	-70	-327	-229	9	4	1,121	670	179	46	-1,029
+ Dec in LT Investment	2	- -	16	54	1,089	- -	- -	77	9	4	1,238	743	187	75	- -
+ Inc in LT Investment	-514	- -	-42	-1,304	-5	-70	-327	-306	- -	- -	-117	-73	-8	-29	-1,029
+ Net Cash From Acq & Div	-14	-18	-2,241	1,697	-3,811	-425	776	-1,246	-292	-9,446	1,171	-59	-10,198	-38	-19
+ Cash from Divestitures	- -	- -	- -	2,274	- -	- -	1,199	- -	60	- -	1,237	- -	- -	- -	- -
+ Cash for Acq of Subs	-14	-18	-2,241	-577	-3,811	-425	-423	-1,246	-352	-9,446	-66	-59	-10,198	-38	-19
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-89	-100	-256	-915	-277	-365	-357	-280	-1,457	-919	-3,078	66	1,222	-929	-3,201
+ Net Cash From Disc Ops	- -	- -	-2	-504	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-615	-118	-2,523	-468	-3,004	-860	92	-1,755	-1,740	-10,361	-786	677	-8,797	-921	-4,249
+ Dividends Paid	- -	- -	-75	-299	-331	-409	-476	-555	-621	-669	-747	-853	-955	-1,039	-1,105
+ Net Cash From Debt	309	245	1,369	-552	3,130	-949	-275	1,330	380	6,692	-5,278	11,053	2,068	-2,285	-760
+ Cash From Debt	1,301	295	3,833	- -	4,158	- -	984	2,213	380	10,700	- -	15,782	4,354	739	1,740
+ Repayments of Debt	-992	-50	-2,464	-552	-1,028	-949	-1,259	-883	- -	-4,008	-5,278	-4,729	-2,286	-3,024	-2,500
+ Other Financing Activities	-14	-1	-98	207	-118	- -	-183	40	1,342	21,298	68,371	-11,336	-65,380	3,484	-3,072
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	105	172	1,119	-1,334	1,976	-1,462	-1,971	-463	-424	26,000	62,026	-1,841	-64,345	79	-6,334
Effect of Foreign Exchange Rates	-2	2	18	-21	-14	-24	12	-11	4	8	-6	-23	7	-14	32
Net Changes in Cash	203	787	-669	-288	283	-173	206	315	495	18,520	64,363	2,390	-69,600	3,767	-5,921
EBITDA	941	977	1,089	1,910	2,212	2,862	2,950	3,203	3,337	3,889	4,560	4,762	5,178	5,950	6,559
EBITDA Margin (%)	70.91	71.68	62.95	43.89	47.24	47.93	50.49	51.04	50.97	47.17	49.74	49.42	52.29	50.59	51.89
Free Cash Flow	713	733	735	1,514	1,311	2,149	2,085	2,533	2,659	2,881	3,123	3,554	3,542	4,609	4,662
Net Cash Paid for Acquisitions	14	18	2,241	-1,697	3,811	425	-776	1,246	292	9,446	-1,171	59	10,198	38	19
Free Cash Flow to Firm	737	761	771	1,583	1,387	2,276	- -	2,729	2,884	3,153	3,425	4,064	4,223	5,312	5,285
Free Cash Flow to Equity	1,022	978	2,104	962	4,441	1,200	1,810	3,863	3,039	9,573	-2,155	14,607	5,610	2,324	3,902
Free Cash Flow per Basic Share	1.95	2.02	1.88	2.66	2.36	3.61	3.54	4.41	4.74	5.22	5.56	6.36	6.28	8.04	8.15
Price/Free Cash Flow	12.51	12.39	24.17	16.66	21.89	15.73	20.1	17.22	19.67	22.21	24.74	16.19	20.49	18.62	19.98
Cash Flow to Net Income	1.4	1.33	2.89	1.54	1.03	1.5	0.83	1.27	1.38	1.38	0.77	2.46	1.5	1.67	1.41
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -