Ingredion Incorporated

INGR

INGRIngredion Incorporated US flag

New York Stock Exchange

101.30

USD

-1.24

- -

6.39BMarket 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	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	6,544	6,868	6,653	5,998	5,958	6,082	6,244	6,289	6,209	5,987	6,894	7,946	8,160	7,430	7,219
+ Sales & Services Revenue	6,544	6,868	6,653	5,998	5,958	6,082	6,244	6,289	6,209	5,987	6,894	7,946	8,160	7,430	7,219
- Cost of Revenue	5,418	5,630	5,522	4,883	4,716	4,681	4,772	4,921	4,897	4,715	5,563	6,452	6,411	5,639	5,391
+ Cost of Goods & Services	5,418	5,630	5,522	4,883	4,716	4,681	4,772	4,921	4,897	4,715	5,563	6,452	6,411	5,639	5,391
Gross Profit	1,126	1,238	1,131	1,115	1,242	1,401	1,472	1,368	1,312	1,272	1,331	1,494	1,749	1,791	1,828
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	533	541	518	509	557	576	607	601	591	597	634	728	781	781	791
+ Selling, General & Admin	543	556	534	525	555	579	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-10	-15	-16	-16	2	-3	607	601	591	597	634	728	781	781	791
Operating Income (Loss)	593	697	613	606	685	825	865	767	721	675	697	766	968	1,010	1,037
- Non-Operating (Income) Loss	- -	96	66	86	86	83	96	146	139	169	449	98	129	79	63
+ Interest Expense, Net	76	67	63	60	55	63	68	72	74	75	74	99	114	39	37
+ Interest Expense	81	77	74	73	69	73	79	81	81	81	74	99	114	39	37
- Interest Income	5	10	11	13	14	10	11	9	7	6	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-76	29	3	26	31	20	28	74	65	94	375	-1	15	40	26
Pretax Income	593	601	547	520	599	742	769	621	582	506	248	668	839	931	974
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	423	434	403	363	412	496	532	454	424	354	125	502	651	654	736
- Net Extraordinary Losses (Gains)	14	12	14	16	20	22	26	22	22	12	16	20	16	14	14
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	14	12	14	16	20	22	26	22	22	12	16	20	16	14	14
Income (Loss) Incl. MI	409	422	389	347	392	474	506	432	402	342	109	482	635	640	722
- Minority Interest	-7	-6	-7	-8	-10	-11	-13	-11	-11	-6	-8	-10	-8	-7	-7
Net Income, GAAP	416	428	396	355	402	485	519	443	413	348	117	492	643	647	729
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	416	428	396	355	402	485	519	443	413	348	117	492	643	647	729
EBIT	593	697	613	606	685	825	865	767	721	675	697	766	968	1,010	1,037
EBITDA	804	908	807	801	879	1,021	1,074	1,014	941	888	917	981	1,187	1,224	1,259
EBITDA Margin (%)	12.29	13.22	12.13	13.35	14.75	16.79	17.2	16.12	15.16	14.83	13.3	12.35	14.55	16.47	17.44
EBITA	593	697	613	606	685	825	865	767	721	675	697	766	968	1,010	1,037
Gross Margin (%)	17.21	18.03	17	18.59	20.85	23.04	23.57	21.75	21.13	21.25	19.31	18.8	21.43	24.1	25.32
Operating Margin (%)	9.06	10.15	9.21	10.1	11.5	13.56	13.85	12.2	11.61	11.27	10.11	9.64	11.86	13.59	14.36
Profit Margin (%)	6.36	6.23	5.95	5.92	6.75	7.97	8.31	7.04	6.65	5.81	1.7	6.19	7.88	8.71	10.1
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.65	0.9	1.45	1.74	1.76	1.95	2.29	2.57	2.6	2.65	2.74	2.73	2.94	3.21	3.29
Depreciation Expense	211	211	194	195	194	196	209	247	220	213	220	215	219	214	222
Basic Weighted Avg Shares	76	76	77	74	72	72	72	71	67	67	67	66	66	66	64
Basic EPS, GAAP	5.45	5.59	5.14	4.82	5.61	6.71	7.21	6.25	6.17	5.18	1.74	7.43	9.74	9.88	11.36
Basic EPS from Cont Ops	5.54	5.67	5.23	4.93	5.75	6.86	7.39	6.4	6.34	5.27	1.86	7.58	9.86	9.98	11.46
Diluted Weighted Avg Shares	78	78	78	75	73	74	74	72	67	68	68	67	67	67	65
Diluted EPS, GAAP	5.32	5.47	5.06	4.74	5.51	6.55	7.06	6.17	6.13	5.15	1.73	7.34	9.6	9.71	11.18
Diluted EPS from Cont Ops	5.41	5.55	5.15	4.85	5.64	6.69	7.24	6.32	6.29	5.24	1.84	7.49	9.72	9.82	11.29

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	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	2,102	2,360	2,214	2,144	1,950	2,252	2,415	2,138	2,160	2,647	2,697	3,309	3,399	3,355	3,505
+ Cash, Cash Equivalents & STI	401	628	574	614	440	516	604	334	268	665	332	239	409	1,008	1,033
+ Cash & Cash Equivalents	401	609	574	580	434	512	595	327	264	665	328	236	401	997	1,030
+ ST Investments	- -	19	- -	34	6	4	9	7	4	- -	4	3	8	11	3
+ Accounts & Notes Receiv	837	814	832	762	775	923	961	951	977	1,011	1,130	1,411	1,279	1,093	1,185
+ Accounts Receivable, Net	683	707	667	655	672	751	760	802	830	855	950	1,200	1,145	939	1,031
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	154	107	165	107	103	172	201	149	147	156	180	211	134	154	154
+ Inventories	769	834	723	699	715	789	823	824	861	917	1,172	1,597	1,450	1,187	1,227
+ Raw Materials	333	359	283	271	277	311	328	302	296	333	484	635	524	425	474
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	436	475	440	428	438	478	495	522	565	584	688	962	926	762	753
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	95	84	85	69	20	24	27	29	54	54	63	62	261	67	60
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3,215	3,232	3,146	2,941	3,124	3,530	3,665	3,590	3,880	4,211	4,302	4,252	4,243	4,089	4,392
+ Property, Plant & Equip, Net	2,156	2,193	2,156	2,073	1,989	2,116	2,217	2,198	2,457	2,455	2,423	2,407	2,370	2,264	2,526
+ Property, Plant & Equip	4,710	4,908	4,932	4,886	4,631	4,942	5,208	5,113	5,513	5,630	5,655	5,733	5,798	5,740	6,253
- Accumulated Depreciation	2,554	2,715	2,776	2,813	2,642	2,826	2,991	2,915	3,056	3,175	3,232	3,326	3,428	3,476	3,727
+ LT Investments & Receivables	10	10	11	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	10	10	11	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,049	1,029	979	863	1,135	1,414	1,448	1,392	1,423	1,756	1,879	1,845	1,873	1,825	1,866
+ Total Intangible Assets	909	886	846	768	1,011	1,286	1,296	1,251	1,238	1,346	1,348	1,301	1,303	1,264	1,269
+ Goodwill	562	557	535	478	601	784	803	791	801	902	914	900	918	906	922
+ Other Intangible Assets	347	329	311	290	410	502	493	460	437	444	434	401	385	358	347
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	140	143	133	95	124	128	152	141	185	410	531	544	570	561	597
Total Assets	5,317	5,592	5,360	5,085	5,074	5,782	6,080	5,728	6,040	6,858	6,999	7,561	7,642	7,444	7,897
+ Payables & Accruals	693	765	652	624	639	765	736	696	751	878	1,052	1,179	1,096	1,057	1,082
+ Accounts Payable	529	590	458	430	423	440	493	452	504	599	774	873	778	604	693
+ Accrued Taxes	67	58	46	72	81	148	59	60	52	44	44	45	97	156	67
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	97	117	148	122	135	177	184	184	195	235	234	261	221	297	322
+ ST Debt	148	76	93	23	19	106	120	169	123	484	355	591	504	103	111
+ ST Borrowings	148	76	93	23	19	106	120	169	82	438	308	543	448	44	48
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	41	46	47	48	56	59	63
+ Other ST Liabilities	85	92	75	74	84	107	101	81	93	96	105	112	172	121	123
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	85	90	75	74	84	107	101	81	93	96	105	112	172	121	123
Total Current Liabilities	926	933	820	721	742	978	957	946	967	1,458	1,512	1,882	1,772	1,281	1,316
+ LT Debt	1,782	1,704	1,704	1,785	1,812	1,847	1,743	1,932	1,885	1,884	1,892	2,086	1,897	1,932	1,860
+ LT Borrowings	1,782	1,704	1,704	1,785	1,812	1,847	1,743	1,932	1,765	1,748	1,738	1,940	1,740	1,787	1,742
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	120	136	154	146	157	145	118
+ Other LT Liabilities	476	496	407	372	340	362	463	442	416	444	370	331	323	341	355
+ Accrued Liabilities	199	160	207	180	139	171	199	189	195	217	165	145	116	136	128
+ Pension Liabilities	180	235	133	126	142	109	121	122	132	139	123	101	90	96	113
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	97	101	67	66	59	82	143	131	89	88	82	85	117	109	114
Total Noncurrent Liabilities	2,258	2,200	2,111	2,157	2,152	2,209	2,206	2,374	2,301	2,328	2,262	2,417	2,220	2,273	2,215
Total Liabilities	3,184	3,133	2,931	2,878	2,894	3,187	3,163	3,320	3,268	3,786	3,774	4,299	3,992	3,554	3,531
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1,147	1,149	1,167	1,165	1,161	1,150	1,139	1,097	1,138	1,151	1,159	1,133	1,147	1,153	1,156
+ Common Stock	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	1,146	1,148	1,166	1,164	1,160	1,149	1,138	1,096	1,137	1,150	1,158	1,132	1,146	1,152	1,155
- Treasury Stock	42	6	225	481	467	413	494	1,091	1,040	1,024	1,061	1,148	1,207	1,355	1,555
+ Retained Earnings	1,412	1,769	2,045	2,275	2,552	2,899	3,259	3,536	3,780	3,957	3,899	4,210	4,654	5,092	5,610
+ Other Equity	-413	-475	-583	-782	-1,102	-1,071	-1,013	-1,154	-1,158	-1,133	-897	-1,048	-1,056	-1,086	-937
Equity Before Minority Interest	2,104	2,437	2,404	2,177	2,144	2,565	2,891	2,388	2,751	2,981	3,136	3,195	3,593	3,864	4,338
+ Minority/Non Controlling Interest	29	22	25	30	36	30	26	20	21	91	89	67	57	26	28
Total Equity	2,133	2,459	2,429	2,207	2,180	2,595	2,917	2,408	2,772	3,072	3,225	3,262	3,650	3,890	4,366
Total Liabilities & Equity	5,317	5,592	5,360	5,085	5,074	5,782	6,080	5,728	6,040	6,858	6,999	7,561	7,642	7,444	7,897
Shares Outstanding	76	77	74	71	72	72	72	67	67	67	67	66	65	64	63
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	161	182	201	194	213	204	181
Net Debt	1,529	1,171	1,223	1,228	1,397	1,441	1,268	1,774	1,583	1,521	1,718	2,247	1,787	834	760
Net Debt to Equity	71.68	47.62	50.35	55.64	64.08	55.53	43.47	73.67	57.11	49.51	53.27	68.88	48.96	21.44	17.41
Tangible Common Equity Ratio	27.77	33.43	35.07	33.33	28.77	29.11	33.88	25.84	31.95	31.31	33.22	31.33	37.02	42.49	46.73
Current Ratio	2.27	2.53	2.7	2.97	2.63	2.3	2.52	2.26	2.23	1.82	1.78	1.76	1.92	2.62	2.66
Cash Conversion Cycle	53.04	53.04	53.8	60.02	62.47	68.21	70.38	71.37	75.4	77.99	73.25	84	91.08	89.62	87.94

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	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	423	434	403	363	412	496	532	454	424	354	125	502	651	654	736
+ Depreciation & Amortization	211	211	194	195	194	196	209	247	220	213	220	215	219	214	222
+ Non-Cash Items	- -	54	79	89	104	87	149	120	90	112	327	99	110	151	59
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	18	-3	30	-11	-6	-5	67	-23	3	-7	-61	-3	-6	-15	6
+ Asset Impairment Charge	- -	24	- -	33	10	- -	- -	- -	- -	- -	340	- -	10	109	10
+ Other Non-Cash Adj	-18	33	49	67	100	92	82	143	87	119	48	102	106	57	43
+ Chg in Non-Cash Work Cap	-334	33	-57	84	-24	-8	-121	-118	-54	150	-280	-664	77	417	-73
+ (Inc) Dec in Accts Receiv	-134	22	-69	-15	-29	-131	-44	-70	-61	-3	-162	-310	77	148	-51
+ (Inc) Dec in Inventories	-149	-69	76	-6	9	-19	-34	-50	-43	-14	-312	-468	69	228	3
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	27	80	-78	66	30	127	-49	-3	51	124	226	158	-79	20	-27
+ Inc (Dec) in Other	-78	- -	14	39	-34	15	6	5	-1	43	-32	-44	10	21	2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	300	732	619	731	686	771	769	703	680	829	392	152	1,057	1,436	944
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	3	9	3	5	38	3	8	1	2	7	18	7	2	6	- -
+ Disp of Fixed Prod Assets	3	9	3	5	38	3	8	1	2	7	18	7	2	6	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-30	16	-214	-284	-20	21	-114	-656	63	- -	-68	-112	-101	-216	-224
+ Increase in Capital Stock	18	34	14	20	21	29	9	1	63	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-48	-18	-228	-304	-41	-8	-123	-657	- -	- -	-68	-112	-101	-216	-224
+ Net Change in LT Investment	- -	-18	19	-23	27	1	-3	1	3	4	- -	- -	-9	-4	-20
+ Dec in LT Investment	- -	- -	19	11	27	1	- -	1	3	4	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	-18	- -	-34	- -	- -	-3	- -	- -	- -	- -	- -	-9	-4	-20
+ Net Cash From Acq & Div	-15	- -	- -	- -	-434	-409	-17	-15	-42	-236	-40	-29	- -	255	12
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	255	12
+ Cash for Acq of Subs	-15	- -	- -	- -	-434	-409	-17	-15	-42	-236	-40	-29	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-261	-313	-296	-276	-280	-284	-314	-348	-337	-346	-313	-298	-322	-304	-436
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-273	-322	-274	-294	-649	-689	-326	-361	-374	-571	-335	-320	-329	-47	-444
+ Dividends Paid	-50	-69	-112	-128	-126	-141	-165	-182	-174	-178	-184	-181	-194	-210	-211
+ Net Cash From Debt	342	162	-11	249	1,410	1,126	1,048	1,236	953	1,876	-140	433	-229	-18	-44
+ Cash From Debt	364	624	42	462	2,776	2,000	2,288	1,974	2,418	3,100	1,550	965	720	773	405
+ Repayments of Debt	-22	-462	-53	-213	-1,366	-874	-1,240	-738	-1,465	-1,224	-1,690	-532	-949	-791	-449
+ Other Financing Activities	-176	-306	-16	-225	-1,380	-1,006	-1,144	-987	-1,206	-1,555	19	-37	-45	-321	-12
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	86	-197	-353	-388	-116	- -	-375	-589	-364	143	-373	103	-569	-765	-491
Effect of Foreign Exchange Rates	-14	-5	-27	-43	-67	-4	15	-21	-5	- -	-21	-27	6	-28	24
Net Changes in Cash	113	213	-8	49	-79	82	68	-247	-58	401	-316	-65	159	624	9
EBITDA	804	908	807	801	879	1,021	1,074	1,014	941	888	917	981	1,187	1,224	1,259
EBITDA Margin (%)	12.29	13.22	12.13	13.35	14.75	16.79	17.2	16.12	15.16	14.83	13.3	12.35	14.55	16.47	17.44
Free Cash Flow	300	732	619	731	686	771	769	703	680	829	392	152	1,057	1,436	944
Net Cash Paid for Acquisitions	15	- -	- -	- -	434	409	17	15	42	236	40	29	- -	-255	-12
Free Cash Flow to Firm	381	809	693	804	755	844	848	784	761	910	466	251	1,171	1,475	981
Free Cash Flow to Equity	645	903	611	985	2,134	1,900	1,825	1,940	1,635	2,712	270	592	830	1,424	900
Free Cash Flow per Basic Share	3.93	9.57	8.04	9.93	9.58	10.66	10.68	9.92	10.16	12.34	5.84	2.3	16.02	21.92	14.7
Price/Free Cash Flow	13.71	6.88	8.66	8.69	10.2	12.01	13.36	9.34	9.21	6.42	16.71	43.17	6.88	6.38	7.62
Cash Flow to Net Income	0.72	1.71	1.56	2.06	1.71	1.59	1.48	1.59	1.65	2.38	3.35	0.31	1.64	2.22	1.29
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -