Lincoln National Corporation

LNC

LNCLincoln National Corporation US flag

New York Stock Exchange

33.32

USD

-1.58

- -

6.37BMarket 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	10,641	11,535	11,963	13,591	13,566	13,330	14,257	16,418	17,255	17,579	17,605	18,929	11,711	17,989	18,342
+ Sales & Services Revenue	10,641	11,535	11,963	13,591	13,566	13,330	14,257	16,418	17,255	17,579	17,605	18,929	11,711	17,989	18,342
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	1,492	1,631	1,692	1,700	1,730	1,687	1,766	1,953	2,210	2,072	2,252	2,407	2,543	2,738	2,647
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-1,492	-1,631	-1,692	-1,700	-1,730	-1,687	-1,766	-1,953	-2,210	-2,072	-2,252	-2,407	-2,543	-2,738	-2,647
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-503	-1,568	-1,631	-1,997	-1,430	-1,458	-1,130	-1,885	-919	-423	-4,643	-1,725	1,148	-4,022	-1,338
+ Interest Expense, Net	294	273	265	267	272	331	253	297	326	284	270	283	331	336	227
+ Interest Expense	294	273	265	267	272	331	253	297	326	284	270	283	331	336	227
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-797	-1,841	-1,896	-2,264	-1,702	-1,789	-1,383	-2,182	-1,245	-707	-4,913	-2,008	817	-4,358	-1,565
Pretax Income	503	1,568	1,631	1,997	1,430	1,458	1,130	1,885	919	423	4,643	1,725	-1,148	4,022	1,338
- Income Tax Expense (Benefit)	274	282	387	483	276	266	-949	244	33	-76	865	367	-396	747	161
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	229	1,286	1,244	1,514	1,154	1,192	2,079	1,641	886	499	3,778	1,358	-752	3,275	1,177
- Net Extraordinary Losses (Gains)	8	-27	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	-8	27	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	16	-54	- -	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	221	1,313	1,244	1,515	1,154	1,192	2,079	1,641	886	499	3,778	1,358	-752	3,275	1,177
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	221	1,313	1,244	1,515	1,154	1,192	2,079	1,641	886	499	3,778	1,358	-752	3,275	1,177
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	82	91	91
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	221	1,313	1,244	1,515	1,154	1,192	2,079	1,641	886	499	3,778	1,358	-834	3,184	1,086
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITA	-4	-4	-4	-4	-4	-4	-4	-9	-26	-37	-50	-65	-44	-96	-148
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	2.08	11.38	10.4	11.15	8.51	8.94	14.58	10	5.13	2.84	21.46	7.17	-6.42	18.21	6.42
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.2	0.34	0.49	0.66	0.84	1.05	1.2	1.4	1.54	1.62	1.8	1.81	2.28	2.33	- -
Depreciation Expense	4	4	4	4	4	4	4	9	26	37	50	65	44	96	148
Basic Weighted Avg Shares	307	271	263	257	244	226	218	206	197	192	177	171	170	171	- -
Basic EPS, GAAP	0.72	4.84	4.73	5.91	4.73	5.27	9.53	7.97	4.51	2.59	21.32	7.94	-4.92	18.66	- -
Basic EPS from Cont Ops	0.75	4.74	4.73	5.9	4.73	5.27	9.53	7.97	4.51	2.59	21.32	7.94	-4.43	19.2	- -
Diluted Weighted Avg Shares	315	288	275	268	255	237	226	220	202	196	189	173	171	173	- -
Diluted EPS, GAAP	0.7	4.57	4.52	5.65	4.53	5.03	9.19	7.47	4.38	2.55	19.98	7.86	-4.89	18.39	- -
Diluted EPS from Cont Ops	0.73	4.47	4.52	5.65	4.53	5.03	9.19	7.47	4.38	2.55	19.98	7.86	-4.41	18.92	- -

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	80,782	87,131	83,340	90,988	88,945	92,210	96,714	96,369	107,763	124,752	121,323	103,079	92,103	92,912	34,774
+ Cash & Cash Equivalents	4,510	4,230	2,364	3,919	3,146	2,722	1,628	2,345	2,563	1,708	2,612	3,343	3,365	5,801	9,502
+ ST Investments	76,272	82,901	80,976	87,069	85,799	89,488	95,086	94,024	105,200	123,044	118,711	99,736	88,738	87,111	25,272
+ Accounts & Notes Receiv	6,934	6,829	6,461	6,203	5,999	5,695	5,303	18,318	17,609	16,982	20,295	19,953	29,843	28,750	28,012
+ Accounts Receivable, Net	6,934	6,829	6,461	6,203	5,999	5,695	5,303	18,318	17,609	16,982	20,295	19,953	29,843	28,750	28,012
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-87,716	-93,960	-89,801	-97,191	-94,944	-97,905	-102,017	-114,687	-125,372	-141,734	-141,618	-123,032	-121,946	-121,662	-62,786
+ 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	78,947	85,455	83,258	89,134	87,653	91,200	96,706	96,073	109,976	127,674	123,546	103,661	91,403	89,430	95,760
+ LT Investments	78,947	85,455	83,258	89,134	87,653	91,200	96,706	96,073	109,976	127,674	123,546	103,661	91,403	89,430	95,760
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-78,947	-85,455	-83,258	-89,134	-87,653	-91,200	-96,706	-96,073	-109,976	-127,674	-123,546	-103,661	-91,403	-89,430	-95,760
+ Total Intangible Assets	2,273	2,273	2,273	2,273	2,273	2,273	1,368	1,782	1,778	1,778	1,778	1,144	1,144	1,144	1,144
+ Goodwill	2,273	2,273	2,273	2,273	2,273	2,273	1,368	1,782	1,778	1,778	1,778	1,144	1,144	1,144	1,144
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-81,220	-87,728	-85,531	-91,407	-89,926	-93,473	-98,074	-97,855	-111,754	-129,452	-125,324	-104,805	-92,547	-90,574	-96,904
Total Assets	201,491	218,869	236,945	253,377	251,908	261,627	281,763	298,147	334,761	365,948	386,945	334,331	372,413	390,831	417,204
+ Payables & Accruals	3,733	4,181	3,238	4,409	4,657	4,995	4,417	4,805	5,082	6,222	8,946	6,712	8,105	10,020	7,954
+ Accounts Payable	1,045	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	2,688	4,181	3,238	4,409	4,657	4,995	4,417	4,805	5,082	6,222	8,946	6,712	8,105	10,020	7,954
+ ST Debt	300	200	500	250	- -	- -	450	200	550	250	550	500	250	300	400
+ ST Borrowings	300	200	500	250	- -	- -	450	200	550	250	550	500	250	300	400
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-4,033	-4,381	-3,738	-4,659	-4,657	-4,995	-4,867	-5,005	-5,632	-6,472	-9,496	-7,212	-8,355	-10,320	-8,354
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-4,033	-4,381	-3,738	-4,659	-4,657	-4,995	-4,867	-5,005	-5,632	-6,472	-9,496	-7,212	-8,355	-10,320	-8,354
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	5,391	5,439	5,320	5,023	5,323	5,123	4,673	5,573	5,657	6,407	6,096	6,132	5,871	6,055	6,031
+ LT Borrowings	5,391	5,439	5,320	5,023	5,323	5,123	4,673	5,573	5,657	6,407	6,096	6,132	5,871	6,055	6,031
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-5,391	-5,439	-5,320	-5,023	-5,323	-5,123	-4,673	-5,573	-5,657	-6,407	-6,096	-6,132	-5,871	-6,055	-6,031
+ Accrued Liabilities	394	319	245	171	98	24	1	- -	- -	- -	- -	5,091	5,901	6,730	7,586
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-5,785	-5,758	-5,565	-5,194	-5,421	-5,147	-4,674	-5,573	-5,657	-6,407	-6,096	-11,223	-11,772	-12,785	-13,617
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	188,390	203,896	223,493	237,637	238,291	247,149	264,441	283,797	315,072	343,249	366,191	329,229	365,520	382,562	406,298
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	986	986	986	986
+ Share Capital & APIC	15,180	14,242	13,752	13,244	12,596	11,738	11,386	10,784	5,162	5,082	4,735	4,544	4,605	4,674	5,592
+ Common Stock	7,590	7,121	6,876	6,622	6,298	5,869	5,693	5,392	5,162	5,082	4,735	4,544	4,605	4,674	5,592
+ Additional Paid in Capital	7,590	7,121	6,876	6,622	6,298	5,869	5,693	5,392	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	2,831	4,044	5,013	6,022	6,474	7,043	8,399	8,551	8,854	8,686	9,578	5,924	4,778	7,645	8,386
+ Other Equity	2,680	3,808	1,563	3,096	845	1,566	3,230	407	5,673	8,931	6,441	-6,352	-3,476	-5,036	-4,058
Equity Before Minority Interest	13,101	14,973	13,452	15,740	13,617	14,478	17,322	14,350	19,689	22,699	20,754	5,102	6,893	8,269	10,906
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	13,101	14,973	13,452	15,740	13,617	14,478	17,322	14,350	19,689	22,699	20,754	5,102	6,893	8,269	10,906
Total Liabilities & Equity	201,491	218,869	236,945	253,377	251,908	261,627	281,763	298,147	334,761	365,948	386,945	334,331	372,413	390,831	417,204
Shares Outstanding	291	271	263	257	244	226	218	206	197	192	177	169	170	170	190
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	1,181	1,409	3,456	1,354	2,177	2,401	3,495	3,428	3,644	4,949	4,034	3,289	2,756	554	-3,071
Net Debt to Equity	9.01	9.41	25.69	8.6	15.99	16.58	20.18	23.89	18.51	21.8	19.44	64.46	39.98	6.7	-28.16
Tangible Common Equity Ratio	5.44	5.86	4.76	5.36	4.54	4.71	5.69	4.24	5.38	5.74	4.93	0.89	1.28	1.58	2.11
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	221	1,313	1,244	1,515	1,154	1,192	2,079	1,641	886	499	3,778	1,358	-752	3,275	1,177
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	951	111	95	857	332	739	1,273	-179	-1,506	907	-3,412	-2,877	2,287	-2,862	608
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	747	- -	- -	- -	- -	- -	905	- -	- -	- -	- -	634	- -	- -	- -
+ Other Non-Cash Adj	204	111	95	857	332	739	368	-179	-1,506	907	-3,412	-3,511	2,287	-2,862	608
+ Chg in Non-Cash Work Cap	104	-155	-540	154	757	-659	-2,564	481	-2,066	-872	-583	5,128	-3,609	-2,420	-1,952
+ (Inc) Dec in Accts Receiv	-73	28	-40	-53	97	-54	34	-87	105	-21	-93	-54	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	318	192	377	229	61	42	-1,006	53	-120	-116	1,263	330	-287	998	190
+ Inc (Dec) in Other	-141	-375	-877	-22	599	-647	-1,592	515	-2,051	-735	-1,753	4,852	-3,322	-3,418	-2,142
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,276	1,269	799	2,526	2,243	1,272	788	1,943	-2,686	534	-217	3,609	-2,074	-2,007	-167
+ 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	-575	-492	-450	-650	-900	-879	-725	-900	-550	-275	-1,105	-550	- -	- -	825
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	825
+ Decrease in Capital Stock	-575	-492	-450	-650	-900	-879	-725	-900	-550	-275	-1,105	-550	- -	- -	- -
+ Net Change in LT Investment	-4,069	-4,122	-3,667	-2,438	-3,817	-2,854	-2,823	-3,114	-2,250	-10,206	-5,406	-7,281	-1,967	-1,073	-4,774
+ Dec in LT Investment	9,915	9,384	9,756	6,568	5,936	8,561	7,682	9,850	13,509	6,951	12,266	8,196	9,794	11,759	16,564
+ Inc in LT Investment	-13,984	-13,506	-13,423	-9,006	-9,753	-11,415	-10,505	-12,964	-15,759	-17,157	-17,672	-15,477	-11,761	-12,832	-21,338
+ Net Cash From Acq & Div	- -	- -	- -	- -	75	- -	- -	-1,422	- -	- -	- -	- -	- -	619	- -
+ Cash from Divestitures	- -	- -	- -	- -	75	- -	- -	- -	- -	- -	- -	- -	- -	619	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	-1,422	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	1,944	265	-1,043	633	-481	-812	-1,365	-1,279	-3,249	725	1,822	-4,365	-1,367	1,275	761
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-2,125	-3,857	-4,710	-1,805	-4,223	-3,666	-4,188	-5,815	-5,499	-9,481	-3,584	-11,646	-3,334	821	-4,013
+ Dividends Paid	-61	-91	-128	-170	-204	-238	-262	-289	-303	-311	-319	-310	-387	-398	-416
+ Net Cash From Debt	-227	-20	393	-417	95	-120	62	645	460	255	100	112	-542	145	-348
+ Cash From Debt	298	300	393	83	345	480	62	1,182	851	1,398	159	482	86	399	528
+ Repayments of Debt	-525	-320	- -	-500	-250	-600	- -	-537	-391	-1,143	-59	-370	-628	-254	-876
+ Other Financing Activities	3,481	2,911	2,230	2,071	2,216	3,207	3,231	5,133	8,796	8,423	6,029	9,516	6,359	3,875	7,820
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	2,618	2,308	2,045	834	1,207	1,970	2,306	4,589	8,403	8,092	4,705	8,768	5,430	3,622	7,881
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	1,769	-280	-1,866	1,555	-773	-424	-1,094	717	218	-855	904	731	22	2,436	3,701
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	1,276	1,269	799	2,526	2,243	1,272	788	1,943	-2,686	534	-217	3,609	-2,074	-2,007	-167
Net Cash Paid for Acquisitions	- -	- -	- -	- -	-75	- -	- -	1,422	- -	- -	- -	- -	- -	-619	- -
Free Cash Flow to Firm	1,410	1,493	1,001	2,728	2,463	1,543	- -	2,202	-2,372	- -	3	3,832	- -	-1,733	33
Free Cash Flow to Equity	1,049	1,249	1,192	2,109	2,338	1,152	850	2,588	-2,226	789	-117	4,707	-2,698	-1,953	-606
Free Cash Flow per Basic Share	4.15	4.68	3.04	9.85	9.2	5.62	3.61	9.44	-13.66	2.78	-1.22	21.1	-12.23	-11.76	- -
Price/Free Cash Flow	4.79	5.87	17.77	6.12	5.71	12.34	22.07	5.8	-4.44	18.45	-59.48	1.47	-2.22	-2.73	- -
Cash Flow to Net Income	5.77	0.97	0.64	1.67	1.94	1.07	0.38	1.18	-3.03	1.07	-0.06	2.66	2.76	-0.61	-0.14
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -