Kimberly-Clark Corporation

KMB

KMBKimberly-Clark Corporation US flag

NASDAQ Global Select

101.54

USD

-0.04

- -

33.71BMarket 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
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	20,846	19,467	19,561	19,724	18,591	18,287	18,348	18,486	18,450	19,140	19,440	20,175	17,146	16,805	16,447
+ Sales & Services Revenue	20,846	19,467	19,561	19,724	18,591	18,287	18,348	18,486	18,450	19,140	19,440	20,175	17,146	16,805	16,447
- Cost of Revenue	14,694	13,338	12,952	13,041	11,967	11,596	11,761	12,889	12,415	12,318	13,452	13,956	10,877	10,516	10,524
+ Cost of Goods & Services	14,694	13,338	12,952	13,041	11,967	11,596	11,761	12,889	12,415	12,318	13,452	13,956	10,877	10,516	10,524
Gross Profit	6,152	6,129	6,609	6,683	6,624	6,691	6,587	5,597	6,035	6,822	5,988	6,219	6,269	6,289	5,923
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	3,710	3,752	3,706	4,162	5,011	3,308	3,229	3,368	3,044	3,578	3,427	3,538	3,683	3,492	3,572
+ Selling, General & Admin	3,761	3,757	3,699	3,709	3,443	3,300	3,202	3,367	3,254	3,632	3,399	3,581	3,615	3,930	3,528
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-51	-5	7	453	1,568	8	27	1	-210	-54	28	-43	68	-438	44
Operating Income (Loss)	2,442	2,377	2,903	2,521	1,613	3,383	3,358	2,229	2,991	3,244	2,561	2,681	2,586	2,797	2,351
- Non-Operating (Income) Loss	259	267	262	266	278	374	367	416	341	314	336	341	980	379	299
+ Interest Expense, Net	259	267	262	266	278	308	308	253	250	244	250	268	227	222	232
+ Interest Expense	277	285	282	284	295	319	318	263	261	252	256	282	293	270	256
- Interest Income	18	18	20	18	17	11	10	10	11	8	6	14	66	48	24
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	66	59	163	91	70	86	73	753	157	67
Pretax Income	2,183	2,110	2,641	2,255	1,335	3,009	2,991	1,813	2,650	2,930	2,225	2,340	1,606	2,418	2,052
- Income Tax Expense (Benefit)	660	660	828	856	418	922	776	471	576	676	479	495	343	442	599
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,684	1,627	2,018	1,545	1,066	2,219	2,319	1,445	2,197	2,396	1,844	1,961	1,459	2,192	1,649
- Net Extraordinary Losses (Gains)	186	-45	-45	88	106	106	82	70	80	88	60	54	-305	-320	-344
+ Discontinued Operations	- -	201	203	50	- -	- -	- -	- -	- -	- -	- -	- -	305	386	400
+ Extraord. & Accounting Changes	186	-246	-248	38	106	106	82	70	80	88	60	54	-610	-706	-744
Income (Loss) Incl. MI	1,498	1,672	2,063	1,457	960	2,113	2,237	1,375	2,117	2,308	1,784	1,907	1,764	2,512	1,993
- Minority Interest	-93	-78	-79	-69	-53	-53	-41	-35	-40	-44	-30	-27	- -	-33	-28
Net Income, GAAP	1,591	1,750	2,142	1,526	1,013	2,166	2,278	1,410	2,157	2,352	1,814	1,934	1,764	2,545	2,021
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,591	1,750	2,142	1,526	1,013	2,166	2,278	1,410	2,157	2,352	1,814	1,934	1,764	2,545	2,021
EBIT	2,442	2,377	2,903	2,521	1,613	3,383	3,358	2,229	2,991	3,244	2,561	2,681	2,586	2,797	2,351
EBITDA	3,533	3,234	3,766	3,383	2,359	4,088	4,082	3,111	3,908	4,040	3,327	3,435	3,339	3,578	3,156
EBITDA Margin (%)	16.95	16.61	19.25	17.15	12.69	22.35	22.25	16.83	21.18	21.11	17.11	17.03	19.47	21.29	19.19
EBITA	2,442	2,377	2,903	2,521	1,613	3,383	3,358	2,229	2,991	3,244	2,561	2,681	2,586	2,797	2,351
Gross Margin (%)	29.51	31.48	33.79	33.88	35.63	36.59	35.9	30.28	32.71	35.64	30.8	30.83	36.56	37.42	36.01
Operating Margin (%)	11.71	12.21	14.84	12.78	8.68	18.5	18.3	12.06	16.21	16.95	13.17	13.29	15.08	16.64	14.29
Profit Margin (%)	7.63	8.99	10.95	7.74	5.45	11.84	12.42	7.63	11.69	12.29	9.33	9.59	10.29	15.14	12.29
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	2.76	2.96	3.19	3.35	3.49	3.65	3.84	3.98	4.1	4.26	4.5	4.62	4.7	4.85	5
Depreciation Expense	1,091	857	863	862	746	705	724	882	917	796	766	754	753	781	805
Basic Weighted Avg Shares	399	389	384	375	364	359	354	348	343	341	337	338	338	336	332
Basic EPS, GAAP	3.99	4.5	5.58	4.07	2.78	6.03	6.44	4.05	6.28	6.9	5.39	5.73	5.22	7.58	6.09
Basic EPS from Cont Ops	4.22	4.18	5.26	4.12	2.93	6.18	6.56	4.15	6.4	7.03	5.48	5.81	4.32	6.53	4.97
Diluted Weighted Avg Shares	399	396	387	377	366	362	356	350	346	342	339	338	339	337	333
Diluted EPS, GAAP	3.99	4.42	5.53	4.04	2.77	5.99	6.4	4.03	6.24	6.87	5.35	5.72	5.21	7.55	6.07
Diluted EPS from Cont Ops	4.22	4.11	5.21	4.09	2.91	6.13	6.52	4.13	6.36	7	5.44	5.8	4.31	6.5	4.95

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
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	6,283	6,589	6,550	5,559	5,426	5,115	5,211	5,041	5,057	5,174	5,565	5,729	5,703	5,580	5,310
+ Cash, Cash Equivalents & STI	764	1,106	1,054	789	619	923	616	539	442	303	270	427	1,093	1,181	774
+ Cash & Cash Equivalents	764	1,106	1,054	789	619	923	616	539	442	303	270	427	1,093	1,010	688
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	171	86
+ Accounts & Notes Receiv	2,602	2,642	2,545	2,223	2,281	2,176	2,315	2,164	2,263	2,235	2,207	2,280	2,135	1,728	1,892
+ Accounts Receivable, Net	2,352	2,346	2,345	2,079	2,017	2,077	2,203	2,050	2,131	2,132	2,092	2,155	2,063	1,650	1,783
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	250	296	200	144	264	99	112	114	132	103	115	125	72	78	109
+ Inventories	2,356	2,348	2,233	1,892	1,909	1,679	1,790	1,813	1,790	1,903	2,239	2,269	1,955	1,452	1,475
+ Raw Materials	797	808	788	714	675	609	648	637	592	657	773	874	724	566	565
+ Work In Process	371	329	286	215	203	203	213	214	206	189	242	246	211	148	149
+ Finished Goods	1,468	1,442	1,401	1,183	1,214	1,030	1,105	1,153	1,147	1,202	1,442	1,388	1,212	938	952
+ Inventory Adjustments	-280	-231	-242	-220	-183	-163	-176	-191	-155	-145	-218	-239	-192	-200	-191
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	561	493	718	655	617	337	490	525	562	733	849	753	520	1,219	1,169
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	13,090	13,284	12,369	9,967	9,416	9,487	9,940	9,477	10,226	12,349	12,272	12,241	11,641	10,966	11,788
+ Property, Plant & Equip, Net	8,049	8,095	7,948	7,359	7,104	7,169	7,436	7,159	7,450	8,042	8,097	7,885	7,913	6,284	6,775
+ Property, Plant & Equip	18,240	17,656	17,680	16,779	16,547	16,854	17,915	17,714	17,839	18,333	18,528	18,549	19,151	15,702	16,509
- Accumulated Depreciation	10,191	9,561	9,732	9,420	9,443	9,685	10,479	10,555	10,389	10,291	10,431	10,664	11,238	9,418	9,734
+ LT Investments & Receivables	338	355	382	257	247	257	233	224	268	300	290	238	306	314	330
+ LT Investments	338	355	382	257	247	257	233	224	268	300	290	238	306	314	330
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	4,703	4,834	4,039	2,351	2,065	2,061	2,271	2,094	2,508	4,007	3,885	4,118	3,422	4,368	4,683
+ Total Intangible Assets	3,605	3,583	3,424	1,737	1,540	1,480	1,576	1,474	1,496	2,727	2,650	2,925	2,282	1,876	1,916
+ Goodwill	3,340	3,337	3,181	1,628	1,446	1,480	1,576	1,474	1,467	1,895	1,840	2,074	2,085	1,796	1,839
+ Other Intangible Assets	265	246	243	109	94	- -	- -	- -	29	832	810	851	197	80	77
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1,098	1,251	615	614	525	581	695	620	1,012	1,280	1,235	1,193	1,140	2,492	2,767
Total Assets	19,373	19,873	18,919	15,526	14,842	14,602	15,151	14,518	15,283	17,523	17,837	17,970	17,344	16,546	17,098
+ Payables & Accruals	4,691	4,976	4,923	4,787	4,644	4,669	4,860	5,328	5,255	5,824	5,789	5,762	5,739	5,102	5,081
+ Accounts Payable	2,388	2,443	2,598	2,616	2,612	2,609	2,834	3,190	3,055	3,336	3,840	3,813	3,653	3,264	3,388
+ Accrued Taxes	266	336	336	330	329	259	249	260	231	332	323	318	294	253	249
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	2,037	2,197	1,989	1,841	1,703	1,801	1,777	1,878	1,969	2,156	1,626	1,631	1,792	1,585	1,444
+ ST Debt	706	1,115	375	1,326	1,669	1,133	953	1,208	1,664	619	563	971	697	680	822
+ ST Borrowings	706	1,115	375	1,326	1,669	1,133	953	1,208	1,534	486	433	844	567	564	694
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	130	133	130	127	130	116	128
+ Other ST Liabilities	- -	- -	550	113	36	44	45	- -	- -	- -	397	601	494	1,222	1,222
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	550	113	36	44	45	- -	- -	- -	397	601	494	1,222	1,222
Total Current Liabilities	5,397	6,091	5,848	6,226	6,349	5,846	5,858	6,536	6,919	6,443	6,749	7,334	6,930	7,004	7,125
+ LT Debt	5,426	5,070	5,386	5,630	6,106	6,439	6,472	6,247	6,213	7,878	8,141	7,578	7,417	6,854	6,474
+ LT Borrowings	5,426	5,070	5,386	5,630	6,106	6,439	6,472	6,247	6,213	7,878	8,141	7,578	7,417	6,854	6,474
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	3,021	3,425	2,545	2,671	2,347	2,200	1,939	1,781	1,957	2,333	2,210	2,358	1,929	1,713	1,869
+ Accrued Liabilities	- -	488	817	587	766	532	395	458	511	723	694	647	374	300	445
+ Pension Liabilities	1,460	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1,561	2,937	1,728	2,084	1,581	1,668	1,544	1,323	1,446	1,610	1,516	1,711	1,555	1,413	1,424
Total Noncurrent Liabilities	8,447	8,495	7,931	8,301	8,453	8,639	8,411	8,028	8,170	10,211	10,351	9,936	9,346	8,567	8,343
Total Liabilities	13,844	14,586	13,779	14,527	14,802	14,485	14,269	14,564	15,089	16,654	17,100	17,270	16,276	15,571	15,468
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	976	1,017	1,130	1,168	1,082	1,170	1,067	1,021	1,029	1,130	1,078	1,152	1,351	1,335	1,322
+ Common Stock	536	536	536	536	473	473	473	473	473	473	473	473	473	473	473
+ Additional Paid in Capital	440	481	594	632	609	697	594	548	556	657	605	679	878	862	849
- Treasury Stock	2,105	2,796	3,746	5,597	2,972	3,629	3,288	3,956	4,454	4,899	5,183	5,137	5,222	5,986	5,987
+ Retained Earnings	8,244	8,823	9,714	8,470	4,994	5,831	5,769	5,947	6,686	7,567	7,858	8,201	8,368	9,257	9,611
+ Other Equity	-1,866	-2,059	-2,242	-3,312	-3,278	-3,474	-2,919	-3,299	-3,294	-3,172	-3,239	-3,669	-3,582	-3,766	-3,444
Equity Before Minority Interest	5,249	4,985	4,856	729	-174	-102	629	-287	-33	626	514	547	915	840	1,502
+ Minority/Non Controlling Interest	280	302	284	270	214	219	253	241	227	243	223	153	153	135	128
Total Equity	5,529	5,287	5,140	999	40	117	882	-46	194	869	737	700	1,068	975	1,630
Total Liabilities & Equity	19,373	19,873	18,919	15,526	14,842	14,602	15,151	14,518	15,283	17,523	17,837	17,970	17,344	16,546	17,098
Shares Outstanding	396	389	381	365	361	357	351	345	342	339	337	338	337	332	332
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	130	133	130	127	130	116	128
Net Debt	5,368	5,079	4,707	6,167	7,156	6,649	6,809	6,916	7,305	8,061	8,304	7,995	6,891	6,408	6,480
Net Debt to Equity	97.09	96.07	91.58	617.32	17,890	5,682.91	772	-15,034.78	3,765.46	927.62	1,126.73	1,142.14	645.22	657.23	397.55
Tangible Common Equity Ratio	12.2	10.46	11.07	-5.35	-11.28	-10.39	-5.11	-11.65	-9.44	-12.56	-12.6	-14.79	-8.06	-6.14	-1.88
Current Ratio	1.16	1.08	1.12	0.89	0.85	0.87	0.89	0.77	0.73	0.8	0.82	0.78	0.82	0.8	0.75
Cash Conversion Cycle	43.84	42.27	36.65	23.73	18.56	13.49	12.73	7.86	2.35	1.54	0.87	-2.49	-13.22	-26.62	-26.25

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
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	1,684	1,828	2,221	1,595	1,066	2,219	2,319	1,445	2,197	2,396	1,844	1,961	1,764	2,578	2,049
+ Depreciation & Amortization	1,091	857	863	862	746	705	724	882	917	796	766	754	753	781	805
+ Non-Cash Items	-225	484	114	564	939	-26	34	254	-90	174	74	35	443	-303	426
+ Stock-Based Compensation	48	67	92	52	75	77	76	41	96	147	26	150	169	131	140
+ Deferred Income Taxes	274	224	151	63	-255	-15	-69	2	29	45	-70	-57	-322	-38	241
+ Asset Impairment Charge	58	171	45	42	22	2	- -	74	- -	17	3	- -	676	114	18
+ Other Non-Cash Adj	-605	22	-174	407	1,097	-90	27	137	-215	-35	115	-58	-80	-510	27
+ Chg in Non-Cash Work Cap	-262	119	-158	-176	-445	334	-148	389	-288	363	46	-17	582	178	-503
+ (Inc) Dec in Accts Receiv	-169	-38	4	267	60	-23	-44	33	-116	95	-37	-151	127	48	-58
+ (Inc) Dec in Inventories	9	9	100	12	-28	230	-33	-127	24	-96	-417	-76	290	10	70
+ (Inc) Dec in Prepaid Assets	-19	1	7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-37	191	-139	-309	-147	86	-104	571	-148	413	499	221	138	175	-615
+ Inc (Dec) in Other	-46	-44	-130	-146	-330	41	33	-88	-48	-49	1	-11	27	-55	100
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2,288	3,288	3,040	2,845	2,306	3,232	2,929	2,970	2,736	3,729	2,730	2,733	3,542	3,234	2,777
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	51	9	129	38	27	23	3	51	242	31	43	12	- -	- -	- -
+ Disp of Fixed Prod Assets	51	9	129	38	27	23	3	51	242	31	43	12	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-1,246	-1,284	-1,216	-1,939	-861	-739	-911	-800	-800	-700	-400	-100	-320	-1,000	-141
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-1,246	-1,284	-1,216	-1,939	-861	-739	-911	-800	-800	-700	-400	-100	-320	-1,000	-141
+ Net Change in LT Investment	11	-94	27	215	18	-33	-31	-81	-26	-63	-82	139	95	-43	105
+ Dec in LT Investment	169	118	120	366	164	188	183	272	542	690	836	797	815	562	552
+ Inc in LT Investment	-158	-212	-93	-151	-146	-221	-214	-353	-568	-753	-918	-658	-720	-605	-447
+ Net Cash From Acq & Div	- -	-5	-32	- -	- -	- -	- -	- -	-4	-1,083	- -	-46	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	-5	-32	- -	- -	- -	- -	- -	-4	-1,083	- -	-46	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-743	-1,094	-968	-1,023	-1,095	-722	-823	-872	-1,254	-1,190	-1,017	-890	-513	-57	-1,056
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-681	-1,184	-844	-770	-1,050	-732	-851	-902	-1,042	-2,305	-1,056	-785	-418	-100	-951
+ Dividends Paid	-1,099	-1,151	-1,223	-1,256	-1,272	-1,311	-1,359	-1,386	-1,408	-1,451	-1,516	-1,558	-1,588	-1,628	-1,660
+ Net Cash From Debt	745	-177	346	1,134	547	695	-544	100	-1	991	336	-312	-112	-554	-550
+ Cash From Debt	839	315	890	1,257	1,100	1,293	937	507	706	1,845	605	- -	363	- -	- -
+ Repayments of Debt	-94	-492	-544	-123	-553	-598	-1,481	-407	-707	-854	-269	-312	-475	-554	-550
+ Other Financing Activities	-141	810	-92	168	288	-830	393	-29	417	-407	-116	210	-354	16	172
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1,741	-1,802	-2,185	-1,893	-1,298	-2,185	-2,421	-2,115	-1,792	-1,567	-1,696	-1,760	-2,374	-3,166	-2,179
Effect of Foreign Exchange Rates	22	40	-63	-447	-128	-11	36	-30	1	4	-11	-31	-84	-40	33
Net Changes in Cash	-134	302	11	182	-42	315	-343	-47	-98	-143	-22	188	750	-32	-353
EBITDA	3,533	3,234	3,766	3,383	2,359	4,088	4,082	3,111	3,908	4,040	3,327	3,435	3,339	3,578	3,156
EBITDA Margin (%)	16.95	16.61	19.25	17.15	12.69	22.35	22.25	16.83	21.18	21.11	17.11	17.03	19.47	21.29	19.19
Free Cash Flow	2,288	3,288	3,040	2,845	2,306	3,232	2,929	2,970	2,736	3,729	2,730	2,733	3,542	3,234	2,777
Net Cash Paid for Acquisitions	- -	5	32	- -	- -	- -	- -	- -	4	1,083	- -	46	- -	- -	- -
Free Cash Flow to Firm	2,481	3,484	3,234	3,021	2,509	3,453	3,164	3,165	2,940	3,923	2,931	2,955	3,772	3,455	2,958
Free Cash Flow to Equity	3,084	3,120	3,515	4,017	2,880	3,950	2,388	3,121	2,977	4,751	3,109	2,433	3,430	2,680	2,227
Free Cash Flow per Basic Share	5.74	8.45	7.92	7.59	6.33	9	8.28	8.53	7.97	10.94	8.11	8.1	10.48	9.63	8.37
Price/Free Cash Flow	12.29	9.75	12.76	15.33	20.22	12.77	14.66	13.41	17.37	12.38	17.74	16.8	11.62	13.66	12.11
Cash Flow to Net Income	1.44	1.88	1.42	1.86	2.28	1.49	1.29	2.11	1.27	1.59	1.5	1.41	2.01	1.27	1.37
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -