Keysight Technologies, Inc.

KEYS

KEYSKeysight Technologies, Inc. US flag

New York Stock Exchange

352.21

USD

+1.54

- -

60.19BMarket Cap

Income Statement (USD)

MCP 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	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Sales/Revenue/Turnover	3,316	3,315	2,888	2,933	2,856	2,918	3,189	3,878	4,303	4,221	4,941	5,420	5,464	4,979	5,375
+ Sales & Services Revenue	3,316	3,315	2,888	2,933	2,856	2,918	3,189	3,878	4,303	4,221	4,941	5,420	5,464	4,979	5,375
- Cost of Revenue	1,392	1,434	1,265	1,313	1,269	1,294	1,492	1,767	1,769	1,688	1,872	1,970	1,932	1,846	2,038
+ Cost of Goods & Services	1,392	1,434	1,265	1,313	1,269	1,294	1,492	1,767	1,769	1,688	1,872	1,970	1,932	1,846	2,038
Gross Profit	1,924	1,881	1,623	1,620	1,587	1,624	1,697	2,111	2,534	2,533	3,069	3,450	3,532	3,133	3,337
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,187	1,148	1,127	1,151	1,156	1,218	1,549	1,796	1,823	1,768	1,989	2,116	2,174	2,300	2,461
+ Selling, General & Admin	806	771	752	790	787	818	1,058	1,205	1,155	1,097	1,195	1,283	1,307	1,395	1,474
+ Research & Development	381	377	375	361	387	425	507	624	688	715	811	841	882	919	1,007
+ Other Operating Expense	- -	- -	- -	- -	-18	-25	-16	-33	-20	-44	-17	-8	-15	-14	-20
Operating Income (Loss)	737	733	496	469	431	406	148	315	711	765	1,080	1,334	1,358	833	876
- Non-Operating (Income) Loss	-12	-13	-5	-6	43	40	-31	726	-4	4	70	49	1	-32	-206
+ Interest Expense, Net	- -	- -	- -	3	45	44	73	71	57	67	76	63	-24	3	-6
+ Interest Expense	- -	- -	- -	3	46	47	80	83	80	78	79	79	78	84	96
- Interest Income	- -	- -	- -	- -	1	3	7	12	23	11	3	16	102	81	102
+ Other Non-Op (Income) Loss	-12	-13	-5	-9	-2	-4	-104	655	-61	-63	-6	-14	25	-35	-200
Pretax Income	749	746	501	475	388	366	179	-411	715	761	1,010	1,285	1,357	865	1,082
- Income Tax Expense (Benefit)	-38	-95	44	83	-125	31	77	-576	94	134	116	161	300	251	213
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	787	841	457	392	513	335	102	165	621	627	894	1,124	1,057	614	869
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	19
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-19
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	38
Income (Loss) Incl. MI	787	841	457	392	513	335	102	165	621	627	894	1,124	1,057	614	850
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	787	841	457	392	513	335	102	165	621	627	894	1,124	1,057	614	850
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	787	841	457	392	513	335	102	165	621	627	894	1,124	1,057	614	850
EBIT	737	733	496	469	431	406	148	315	711	765	1,080	1,334	1,358	833	876
EBITDA	793	798	573	553	530	540	373	625	1,019	1,091	1,373	1,557	1,570	1,103	1,152
EBITDA Margin (%)	23.91	24.07	19.84	18.85	18.56	18.51	11.7	16.12	23.68	25.85	27.79	28.73	28.73	22.15	21.43
EBITA	737	733	496	469	431	406	148	315	711	765	1,080	1,334	1,358	833	876
Gross Margin (%)	58.02	56.74	56.2	55.23	55.57	55.65	53.21	54.44	58.89	60.01	62.11	63.65	64.64	62.92	62.08
Operating Margin (%)	22.23	22.11	17.17	15.99	15.09	13.91	4.64	8.12	16.52	18.12	21.86	24.61	24.85	16.73	16.3
Profit Margin (%)	23.73	25.37	15.82	13.37	17.96	11.48	3.2	4.25	14.43	14.85	18.09	20.74	19.34	12.33	15.81
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	56	65	77	84	99	134	225	310	308	326	293	223	212	270	276
Basic Weighted Avg Shares	167	167	167	167	169	170	180	187	188	187	185	180	178	174	172
Basic EPS, GAAP	4.72	5.04	2.74	2.35	3.04	1.97	0.57	0.88	3.3	3.35	4.83	6.24	5.94	3.53	4.94
Basic EPS from Cont Ops	4.72	5.04	2.74	2.35	3.04	1.97	0.57	0.88	3.3	3.35	4.83	6.24	5.94	3.53	5.05
Diluted Weighted Avg Shares	167	167	167	167	171	172	182	191	191	189	187	182	179	175	173
Diluted EPS, GAAP	4.72	5.04	2.74	2.35	3	1.95	0.56	0.86	3.25	3.32	4.78	6.18	5.91	3.51	4.91
Diluted EPS from Cont Ops	4.72	5.04	2.74	2.35	3	1.95	0.56	0.86	3.25	3.32	4.78	6.18	5.91	3.51	5.02

Balance Sheet (USD)

MCP 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	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Total Current Assets	- -	993	972	1,850	1,579	1,854	2,177	2,378	3,215	3,374	3,834	4,234	4,809	4,257	4,348
+ Cash, Cash Equivalents & STI	- -	- -	- -	810	483	783	818	913	1,598	1,756	2,052	2,042	2,472	1,796	1,873
+ Cash & Cash Equivalents	- -	- -	- -	810	483	783	818	913	1,598	1,756	2,052	2,042	2,472	1,796	1,873
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	392	340	380	398	437	547	624	668	606	735	905	944	995	974
+ Accounts Receivable, Net	- -	392	340	357	398	437	547	624	668	606	735	905	900	857	939
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	23	- -	- -	- -	- -	- -	- -	- -	- -	44	138	35
+ Inventories	- -	472	502	498	487	474	588	619	705	757	777	858	985	1,022	1,050
+ Raw Materials	- -	269	293	279	252	256	302	336	388	415	448	536	609	647	625
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	203	209	219	235	218	286	283	317	342	329	322	376	375	425
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	129	130	162	211	160	224	222	244	255	270	429	408	444	451
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	1,140	1,056	1,200	1,929	1,942	3,756	3,446	3,408	3,844	3,947	3,864	3,874	5,012	6,953
+ Property, Plant & Equip, Net	- -	493	469	470	518	512	530	555	576	777	877	910	987	1,008	1,031
+ Property, Plant & Equip	- -	1,256	1,235	1,555	1,629	1,676	1,749	1,832	1,923	2,216	2,401	2,451	2,610	2,714	2,835
- Accumulated Depreciation	- -	763	766	1,085	1,111	1,164	1,219	1,277	1,347	1,439	1,524	1,541	1,623	1,706	1,804
+ LT Investments & Receivables	- -	26	44	63	70	55	63	46	46	61	70	62	81	110	211
+ LT Investments	- -	26	44	63	70	55	63	46	46	61	70	62	81	110	211
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	621	543	667	1,341	1,375	3,163	2,845	2,786	3,006	3,000	2,892	2,806	3,894	5,711
+ Total Intangible Assets	- -	495	439	410	946	944	2,737	1,816	1,699	1,898	1,900	1,771	1,795	2,995	4,728
+ Goodwill	- -	467	419	392	700	736	1,882	1,171	1,209	1,537	1,628	1,582	1,640	2,388	3,424
+ Other Intangible Assets	- -	28	20	18	246	208	855	645	490	361	272	189	155	607	1,304
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	126	104	257	395	431	426	1,029	1,087	1,108	1,100	1,121	1,011	899	983
Total Assets	- -	2,133	2,028	3,050	3,508	3,796	5,933	5,824	6,623	7,218	7,781	8,098	8,683	9,269	11,301
+ Payables & Accruals	- -	251	228	427	343	281	301	353	391	358	435	540	565	528	748
+ Accounts Payable	- -	156	131	173	209	189	211	242	253	224	287	348	286	313	355
+ Accrued Taxes	- -	57	55	72	50	41	28	42	55	64	74	96	90	90	207
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	38	42	182	84	51	62	69	83	70	74	96	189	125	186
+ ST Debt	- -	- -	- -	- -	- -	- -	10	499	- -	43	41	39	639	43	51
+ ST Borrowings	- -	- -	- -	- -	- -	- -	10	499	- -	- -	- -	- -	599	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	43	41	39	40	43	51
+ Other ST Liabilities	- -	344	332	342	343	363	508	610	612	680	833	828	845	856	1,051
+ Deferred Revenue	- -	200	190	175	175	180	291	334	334	391	478	495	541	561	652
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	144	142	167	168	183	217	276	278	289	355	333	304	295	399
Total Current Liabilities	- -	595	560	769	686	644	819	1,462	1,003	1,081	1,309	1,407	2,049	1,427	1,850
+ LT Debt	- -	- -	- -	1,099	1,099	1,093	2,038	1,291	1,788	1,938	1,982	1,979	1,387	1,987	2,727
+ LT Borrowings	- -	- -	- -	1,099	1,099	1,093	2,038	1,291	1,788	1,789	1,791	1,793	1,195	1,790	2,534
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	149	191	186	192	197	193
+ Other LT Liabilities	- -	233	223	413	421	546	766	638	828	902	706	551	593	750	843
+ Accrued Liabilities	- -	122	94	69	61	72	101	127	176	175	187	197	216	206	232
+ Pension Liabilities	- -	- -	- -	213	280	405	309	224	357	362	167	58	64	81	75
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	111	129	131	80	69	356	287	295	365	352	296	313	463	536
Total Noncurrent Liabilities	- -	233	223	1,512	1,520	1,639	2,804	1,929	2,616	2,840	2,688	2,530	1,980	2,737	3,570
Total Liabilities	- -	828	783	2,281	2,206	2,283	3,623	3,391	3,619	3,921	3,997	3,937	4,029	4,164	5,420
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	- -	1,004	1,167	1,244	1,788	1,891	2,015	2,112	2,221	2,335	2,489	2,666	2,853
+ Common Stock	- -	- -	- -	2	2	2	2	2	2	2	2	2	2	2	2
+ Additional Paid in Capital	- -	- -	- -	1,002	1,165	1,242	1,786	1,889	2,013	2,110	2,219	2,333	2,487	2,664	2,851
- Treasury Stock	- -	- -	- -	- -	- -	62	62	182	342	752	1,425	2,274	2,980	3,422	3,799
+ Retained Earnings	- -	- -	- -	101	614	949	1,041	1,212	1,909	2,536	3,430	4,554	5,611	6,225	7,075
+ Other Equity	- -	101	31	-336	-479	-618	-457	-488	-578	-599	-442	-454	-466	-364	-248
Equity Before Minority Interest	- -	1,305	1,245	769	1,302	1,513	2,310	2,433	3,004	3,297	3,784	4,161	4,654	5,105	5,881
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	- -	1,305	1,245	769	1,302	1,513	2,310	2,433	3,004	3,297	3,784	4,161	4,654	5,105	5,881
Total Liabilities & Equity	- -	2,133	2,028	3,050	3,508	3,796	5,933	5,824	6,623	7,218	7,781	8,098	8,683	9,269	11,301
Shares Outstanding	- -	167	167	167	170	170	186	187	188	185	182	178	175	173	171
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	192	232	225	232	240	244
Net Debt	- -	- -	- -	289	616	310	1,230	877	190	33	-261	-249	-678	-6	661
Net Debt to Equity	- -	- -	- -	37.58	47.31	20.49	53.25	36.05	6.32	1	-6.9	-5.98	-14.57	-0.12	11.24
Tangible Common Equity Ratio	- -	49.45	50.72	13.6	13.9	19.95	-13.36	15.39	26.5	26.3	32.04	37.77	41.51	33.63	17.54
Current Ratio	- -	1.67	1.74	2.41	2.3	2.88	2.66	1.63	3.21	3.12	2.93	3.01	2.35	2.98	2.35
Cash Conversion Cycle	- -	66.71	146.33	139.98	134.48	131.06	140.76	133.79	142.69	163.12	149.79	150.18	178.19	204.76	187.52

Cash Flow Statement (USD)

MCP 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	10/31/2011	10/31/2012	10/31/2013	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

+ Net Income	787	841	457	392	513	335	102	165	621	627	894	1,124	1,057	614	850
+ Depreciation & Amortization	56	65	77	84	99	134	225	310	308	326	293	223	212	270	276
+ Non-Cash Items	66	-65	78	94	-70	77	-26	- -	104	120	99	201	265	439	-19
+ Stock-Based Compensation	36	38	41	43	55	49	56	59	82	92	103	125	135	137	162
+ Deferred Income Taxes	8	-118	14	23	-163	17	-47	-789	-2	41	-53	7	-3	268	-116
+ Asset Impairment Charge	4	- -	1	- -	- -	- -	- -	709	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	18	15	22	28	38	11	-35	21	24	-13	49	69	133	34	-65
+ Chg in Non-Cash Work Cap	-158	-117	-46	-7	-166	-126	27	80	-35	-57	36	-404	-126	-271	302
+ (Inc) Dec in Accts Receiv	-6	-3	44	-25	-20	-42	-11	-89	-26	75	-122	-234	10	-131	128
+ (Inc) Dec in Inventories	-74	-46	-53	-31	-25	-22	-4	-61	-92	-73	-43	-125	-148	-49	-24
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	-43	-124	7	14	- -
+ Inc (Dec) in Accts Payable	- -	-28	-26	95	20	-17	18	203	-3	-28	87	42	-102	56	131
+ Inc (Dec) in Other	-78	-40	-11	-46	-141	-45	24	27	86	-33	157	37	107	-161	67
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	751	724	566	563	376	420	328	555	998	1,016	1,322	1,144	1,408	1,052	1,409
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	5	- -	- -	- -	1	10	8	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	5	- -	- -	- -	1	10	8	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-95	-103	-69	-70	-92	-91	-72	-132	-120	-117	-174	-185	-197	-154	-128
+ Acq of Fixed Prod Assets	-95	-103	-69	-70	-92	-91	-72	-132	-120	-117	-174	-185	-197	-154	-128
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	-62	444	-120	-159	-411	-673	-849	-702	-443	-377
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	444	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-62	- -	-120	-159	-411	-673	-849	-702	-443	-377
+ Net Change in LT Investment	5	- -	-15	- -	-6	1	44	- -	7	- -	-1	-33	-7	- -	30
+ Dec in LT Investment	5	- -	- -	- -	1	1	45	- -	7	- -	- -	- -	- -	11	30
+ Inc in LT Investment	- -	- -	-15	- -	-7	- -	-1	- -	- -	- -	-1	-33	-7	-11	- -
+ Net Cash From Acq & Div	-3	-69	-1	-11	-574	-10	-1,702	-5	-88	-357	-178	-33	-85	-681	-1,623
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	399
+ Cash for Acq of Subs	-3	-69	-1	-11	-574	-10	-1,702	-5	-88	-357	-178	-33	-85	-681	-2,022
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	-1	- -	- -	- -	29	5	32	- -	- -	1	16	-6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-88	-172	-85	-82	-671	-90	-1,722	-108	-196	-442	-353	-251	-288	-819	-1,727
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	1,064	- -	-1	958	-260	- -	-7	- -	- -	- -	-25	748
+ Cash From Debt	- -	- -	- -	1,101	- -	- -	1,281	40	500	- -	- -	- -	- -	599	748
+ Repayments of Debt	- -	- -	- -	-37	- -	-1	-323	-300	-500	-7	- -	- -	- -	-624	- -
+ Other Financing Activities	-663	-552	-481	-729	-19	34	23	39	37	5	2	-12	15	-445	14
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-663	-552	-481	335	-19	-29	1,425	-341	-122	-413	-671	-861	-687	-913	385
Effect of Foreign Exchange Rates	- -	- -	- -	-6	-13	-1	4	-9	3	6	3	-43	-2	6	9
Net Changes in Cash	- -	- -	- -	816	-314	301	31	106	680	161	298	32	433	-680	67
EBITDA	793	798	573	553	530	540	373	625	1,019	1,091	1,373	1,557	1,570	1,103	1,152
EBITDA Margin (%)	23.91	24.07	19.84	18.85	18.56	18.51	11.7	16.12	23.68	25.85	27.79	28.73	28.73	22.15	21.43
Free Cash Flow	656	621	497	493	284	329	256	423	878	899	1,148	959	1,211	898	1,281
Net Cash Paid for Acquisitions	3	69	1	11	574	10	1,702	5	88	357	178	33	85	681	1,623
Free Cash Flow to Firm	- -	- -	497	495	- -	372	302	- -	947	963	1,218	1,028	1,272	958	1,358
Free Cash Flow to Equity	- -	621	497	1,557	285	338	1,222	163	878	892	1,148	959	1,211	873	2,029
Free Cash Flow per Basic Share	3.93	3.72	2.98	2.95	1.68	1.94	1.42	2.26	4.67	4.81	6.21	5.33	6.8	5.16	7.45
Price/Free Cash Flow	- -	- -	- -	8.31	12.09	11.04	20.32	15.87	17.24	17.49	22.5	23.85	13.61	21.62	20.59
Cash Flow to Net Income	0.95	0.86	1.24	1.44	0.73	1.25	3.22	3.36	1.61	1.62	1.48	1.02	1.33	1.71	1.66
Capital Expenditures	-95	-103	-69	-70	-92	-91	-72	-132	-120	-117	-174	-185	-197	-154	-128