Lowe's Companies, Inc.

LOW

LOWLowe's Companies, Inc. US flag

New York Stock Exchange

219.76

USD

+3.57

- -

123.22BMarket Cap

Income Statement (USD)

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	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	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Sales/Revenue/Turnover	50,208	50,521	53,417	56,223	59,074	65,017	68,619	71,309	72,148	89,597	96,250	97,059	86,377	83,674	86,286
+ Sales & Services Revenue	50,208	50,521	53,417	56,223	59,074	65,017	68,619	71,309	72,148	89,597	96,250	97,059	86,377	83,674	86,286
- Cost of Revenue	32,858	33,194	34,941	36,665	38,504	43,343	46,185	48,401	49,205	60,025	64,194	64,802	57,533	55,797	57,401
+ Cost of Goods & Services	32,858	33,194	34,941	36,665	38,504	43,343	46,185	48,401	49,205	60,025	64,194	64,802	57,533	55,797	57,401
Gross Profit	17,350	17,327	18,476	19,558	20,570	21,674	22,434	22,908	22,943	29,572	32,056	32,257	28,844	27,877	28,885
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	14,073	13,767	14,327	14,766	15,599	15,828	15,848	18,890	16,629	19,925	19,963	22,098	17,287	17,411	18,732
+ Selling, General & Admin	12,593	12,244	12,865	13,272	14,105	14,375	14,444	17,413	15,367	18,526	18,301	20,332	15,570	15,682	16,791
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1,480	1,523	1,462	1,494	1,494	1,453	1,404	1,477	1,262	1,399	1,662	1,766	1,717	1,729	1,941
Operating Income (Loss)	3,277	3,560	4,149	4,792	4,971	5,846	6,586	4,018	6,314	9,647	12,093	10,159	11,557	10,466	10,153
- Non-Operating (Income) Loss	371	423	476	516	552	645	1,097	624	691	1,908	885	1,123	1,382	1,313	1,406
+ Interest Expense, Net	371	423	476	516	552	645	633	624	691	848	885	1,123	1,382	1,313	1,406
+ Interest Expense	383	459	480	522	557	657	649	652	718	872	897	1,160	1,483	1,472	1,527
- Interest Income	12	36	4	6	5	12	16	28	27	24	12	37	101	159	121
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	464	- -	- -	1,060	- -	- -	- -	- -	- -
Pretax Income	2,906	3,137	3,673	4,276	4,419	5,201	5,489	3,394	5,623	7,739	11,208	9,036	10,175	9,153	8,747
- Income Tax Expense (Benefit)	1,067	1,178	1,387	1,578	1,873	2,108	2,042	1,080	1,342	1,904	2,766	2,599	2,449	2,196	2,093
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,839	1,959	2,286	2,698	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957	6,654
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	4	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	4	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1,839	1,959	2,286	2,698	2,546	3,089	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957	6,654
- Minority Interest	- -	- -	- -	- -	- -	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1,839	1,959	2,286	2,698	2,546	3,091	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957	6,654
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,839	1,959	2,286	2,698	2,546	3,091	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957	6,654
EBIT	3,277	3,560	4,149	4,792	4,971	5,846	6,586	4,018	6,314	9,647	12,093	10,159	11,557	10,466	10,153
EBITDA	4,856	5,183	5,711	6,378	6,558	7,436	8,126	5,625	7,724	11,241	13,975	12,140	13,480	12,438	12,347
EBITDA Margin (%)	9.67	10.26	10.69	11.34	11.1	11.44	11.84	7.89	10.71	12.55	14.52	12.51	15.61	14.86	14.31
EBITA	3,277	3,560	4,149	4,792	4,971	5,846	6,586	4,018	6,314	9,647	12,093	10,159	11,557	10,466	10,153
Gross Margin (%)	34.56	34.3	34.59	34.79	34.82	33.34	32.69	32.12	31.8	33.01	33.3	33.23	33.39	33.32	33.48
Operating Margin (%)	6.53	7.05	7.77	8.52	8.41	8.99	9.6	5.63	8.75	10.77	12.56	10.47	13.38	12.51	11.77
Profit Margin (%)	3.66	3.88	4.28	4.8	4.31	4.75	5.02	3.25	5.93	6.51	8.77	6.63	8.94	8.31	7.71
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.51	0.61	0.69	0.83	1.03	1.27	1.54	1.79	2.08	2.28	2.85	3.77	4.35	4.53	4.72
Depreciation Expense	1,579	1,623	1,562	1,586	1,587	1,590	1,540	1,607	1,410	1,594	1,882	1,981	1,923	1,972	2,194
Basic Weighted Avg Shares	1,271	1,150	1,059	988	927	880	839	811	777	748	696	629	582	567	559
Basic EPS, GAAP	1.45	1.7	2.16	2.73	2.75	3.51	4.11	2.85	5.51	7.8	12.13	10.23	13.27	12.27	11.9
Basic EPS from Cont Ops	1.45	1.7	2.16	2.73	2.75	3.51	4.11	2.85	5.51	7.8	12.13	10.23	13.27	12.27	11.9
Diluted Weighted Avg Shares	1,273	1,152	1,061	990	929	881	840	812	778	750	699	631	584	568	560
Diluted EPS, GAAP	1.44	1.7	2.15	2.73	2.74	3.51	4.1	2.85	5.5	7.78	12.08	10.2	13.23	12.25	11.88
Diluted EPS from Cont Ops	1.44	1.7	2.15	2.73	2.74	3.51	4.1	2.85	5.5	7.78	12.08	10.2	13.23	12.25	11.88

Balance Sheet (USD)

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	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	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Total Current Assets	10,072	9,784	10,296	9,851	10,561	12,000	12,772	14,228	15,318	22,326	20,060	21,442	19,071	20,358	20,955
+ Cash, Cash Equivalents & STI	1,067	543	414	492	478	577	604	729	876	5,196	1,404	1,348	921	1,761	982
+ Cash & Cash Equivalents	1,014	541	391	466	405	558	588	511	716	4,690	1,133	1,348	921	1,761	982
+ ST Investments	53	2	23	26	73	19	16	218	160	506	271	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	94	1,090
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	94	1,090
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	8,355	8,600	9,127	8,911	9,458	10,458	11,393	12,561	13,179	16,193	17,605	18,532	16,894	17,409	17,300
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	8,355	8,600	9,127	8,911	9,458	10,458	11,393	12,561	13,179	16,193	17,605	18,532	16,894	17,409	17,300
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	650	641	755	448	625	965	775	938	1,263	937	1,051	1,562	1,256	1,094	1,583
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	23,487	22,882	22,436	21,870	20,705	22,408	22,519	20,280	24,153	24,409	24,580	22,266	22,724	22,744	33,189
+ Property, Plant & Equip, Net	21,970	21,477	20,834	20,034	19,577	19,949	19,721	18,432	22,660	22,987	23,179	21,085	21,386	21,387	22,665
+ Property, Plant & Equip	34,332	34,666	35,074	35,443	35,913	36,918	36,940	35,863	39,970	40,534	41,067	38,429	39,503	40,539	42,684
- Accumulated Depreciation	12,362	13,189	14,240	15,409	16,336	16,969	17,219	17,431	17,310	17,547	17,888	17,344	18,117	19,152	20,019
+ LT Investments & Receivables	242	8	11	49	20	12	27	256	372	200	199	21	- -	- -	- -
+ LT Investments	242	8	11	49	20	12	27	256	372	200	199	21	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,275	1,397	1,591	1,787	1,108	2,447	2,771	1,592	1,121	1,222	1,202	1,160	1,338	1,357	10,524
+ Total Intangible Assets	- -	- -	- -	- -	154	1,082	1,307	303	303	419	522	- -	- -	588	9,853
+ Goodwill	- -	- -	- -	- -	154	1,082	1,307	303	303	311	311	- -	- -	311	3,945
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	108	211	- -	- -	277	5,908
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1,275	1,397	1,591	1,787	954	1,365	1,464	1,289	818	803	680	1,160	1,338	769	671
Total Assets	33,559	32,666	32,732	31,721	31,266	34,408	35,291	34,508	39,471	46,735	44,640	43,708	41,795	43,102	54,144
+ Payables & Accruals	4,912	5,187	5,590	5,766	6,318	7,467	7,367	9,135	8,572	12,118	12,646	13,212	10,120	11,208	11,341
+ Accounts Payable	4,352	4,657	5,008	5,124	5,633	6,651	6,590	8,279	7,659	10,884	11,354	10,524	8,704	9,290	9,762
+ Accrued Taxes	260	216	243	255	251	318	253	287	272	544	480	1,614	327	824	421
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	300	314	339	387	434	498	524	569	641	690	812	1,074	1,089	1,094	1,158
+ ST Debt	592	47	435	552	1,104	1,305	1,431	1,832	3,039	1,653	1,504	1,606	1,024	3,149	3,144
+ ST Borrowings	592	47	435	552	1,104	1,305	1,431	1,832	2,538	1,112	868	1,084	537	2,586	2,431
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	501	541	636	522	487	563	713
+ Other ST Liabilities	2,387	2,474	2,851	3,030	3,070	3,202	3,298	3,530	3,571	4,959	5,518	4,693	4,424	4,400	4,978
+ Deferred Revenue	801	824	892	979	1,078	1,253	1,378	1,299	1,219	1,608	1,914	1,603	1,408	1,358	1,477
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1,586	1,650	1,959	2,051	1,992	1,949	1,920	2,231	2,352	3,351	3,604	3,090	3,016	3,042	3,501
Total Current Liabilities	7,891	7,708	8,876	9,348	10,492	11,974	12,096	14,497	15,182	18,730	19,668	19,511	15,568	18,757	19,463
+ LT Debt	7,035	9,030	10,086	10,806	11,545	14,394	15,564	14,391	20,711	24,558	27,880	36,388	39,121	36,529	41,533
+ LT Borrowings	7,035	9,030	10,086	10,806	11,545	14,394	15,564	14,391	16,768	20,668	23,859	32,876	35,384	32,901	37,490
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	3,943	3,890	4,021	3,512	3,737	3,628	4,043
+ Other LT Liabilities	2,100	2,071	1,917	1,599	1,575	1,606	1,758	1,976	1,606	2,010	1,908	2,063	2,156	2,047	3,065
+ Accrued Liabilities	1,235	1,170	1,021	730	729	763	803	827	894	1,019	1,127	1,201	1,225	1,268	2,301
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	865	901	896	869	846	843	955	1,149	712	991	781	862	931	779	764
Total Noncurrent Liabilities	9,135	11,101	12,003	12,405	13,120	16,000	17,322	16,367	22,317	26,568	29,788	38,451	41,277	38,576	44,598
Total Liabilities	17,026	18,809	20,879	21,753	23,612	27,974	29,418	30,864	37,499	45,298	49,456	57,962	56,845	57,333	64,061
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	635	581	515	480	455	433	437	401	381	456	335	301	287	280	651
+ Common Stock	621	555	515	480	455	433	415	401	381	366	335	301	287	280	281
+ Additional Paid in Capital	14	26	- -	- -	- -	- -	22	- -	- -	90	- -	- -	- -	- -	370
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	15,852	13,224	11,355	9,591	7,593	6,241	5,425	3,452	1,727	1,117	-5,115	-14,862	-15,637	-14,799	-10,839
+ Other Equity	46	52	-17	-103	-394	-240	11	-209	-136	-136	-36	307	300	288	271
Equity Before Minority Interest	16,533	13,857	11,853	9,968	7,654	6,434	5,873	3,644	1,972	1,437	-4,816	-14,254	-15,050	-14,231	-9,917
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	16,533	13,857	11,853	9,968	7,654	6,434	5,873	3,644	1,972	1,437	-4,816	-14,254	-15,050	-14,231	-9,917
Total Liabilities & Equity	33,559	32,666	32,732	31,721	31,266	34,408	35,291	34,508	39,471	46,735	44,640	43,708	41,795	43,102	54,144
Shares Outstanding	1,241	1,110	1,030	960	910	910	830	801	763	731	670	601	574	560	561
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	4,444	4,431	4,657	4,034	4,224	4,191	4,756
Net Debt	6,613	8,536	10,130	10,892	12,244	15,141	16,407	15,712	18,590	17,090	23,594	32,612	35,000	33,726	38,939
Net Debt to Equity	40	61.6	85.46	109.27	159.97	235.33	279.36	431.17	942.7	1,189.28	-489.91	-228.79	-232.56	-236.99	-392.65
Tangible Common Equity Ratio	49.27	42.42	36.21	31.42	24.11	16.06	13.44	9.77	4.26	2.2	-12.1	-32.61	-36.01	-34.86	-44.64
Current Ratio	1.28	1.27	1.16	1.05	1.01	1	1.06	0.98	1.01	1.19	1.02	1.1	1.23	1.09	1.08
Cash Conversion Cycle	44.33	44.05	42.86	39.05	36.79	33.3	35.06	35.58	37.09	35.62	34.23	41.03	49.59	54.09	52.17

Cash Flow Statement (USD)

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	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	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

+ Net Income	1,839	1,959	2,286	2,698	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957	6,654
+ Depreciation & Amortization	1,579	1,623	1,562	1,586	1,587	1,590	1,540	1,607	1,410	1,594	1,882	1,981	1,923	1,972	2,194
+ Non-Cash Items	629	91	54	77	673	563	574	1,505	860	1,725	916	3,053	719	578	1,128
+ Stock-Based Compensation	107	100	100	119	117	90	99	74	98	155	230	223	210	221	247
+ Deferred Income Taxes	54	-140	-162	-124	-68	28	53	-151	177	-108	135	-239	6	9	256
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	952	- -	139	34	2,118	83	5	53
+ Other Non-Cash Adj	468	131	116	82	624	445	422	630	585	1,539	517	951	420	343	572
+ Chg in Non-Cash Work Cap	302	89	209	568	-22	371	-496	767	-2,255	1,895	-1,127	-2,882	-2,228	118	-112
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	-33	-244	-396	170	-582	-178	-791	-1,289	-600	-2,967	-1,413	-2,594	1,637	-514	703
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-5	303	291	127	524	653	-92	1,720	-637	3,211	466	-549	-1,820	633	73
+ Inc (Dec) in Other	340	30	314	271	36	-104	387	336	-1,018	1,651	-180	261	-2,045	-1	-888
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	4,349	3,762	4,111	4,929	4,784	5,617	5,065	6,193	4,296	11,049	10,113	8,589	8,140	9,625	9,864
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	52	130	75	52	57	37	45	76	163	90	113	45	53	105	82
+ Disp of Fixed Prod Assets	52	130	75	52	57	37	45	76	163	90	113	45	53	105	82
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1,829	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-1,829	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-2,837	-4,393	-3,710	-3,905	-3,925	-3,595	-3,192	-3,037	-4,313	-4,971	-13,012	-14,124	-6,138	-4,053	-211
+ Increase in Capital Stock	100	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-2,937	-4,393	-3,710	-3,905	-3,925	-3,595	-3,192	-3,037	-4,313	-4,971	-13,012	-14,124	-6,138	-4,053	-211
+ Net Change in LT Investment	687	393	-50	-15	-50	138	133	20	-48	-168	228	-15	-63	-82	-35
+ Dec in LT Investment	2,120	1,837	709	805	884	1,433	1,114	1,393	695	2,926	3,293	1,174	1,722	1,204	1,658
+ Inc in LT Investment	-1,433	-1,444	-759	-820	-934	-1,295	-981	-1,373	-743	-3,094	-3,065	-1,189	-1,785	-1,286	-1,693
+ Net Cash From Acq & Div	-332	-219	-376	-241	-125	-2,356	-509	- -	- -	- -	- -	491	100	177	-10,088
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	491	100	177	- -
+ Cash for Acq of Subs	-332	-219	-376	-241	-125	-2,356	-509	- -	- -	- -	- -	- -	- -	- -	-10,088
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-15	-1,207	-935	-884	-1,225	-1,180	-1,110	-1,176	-1,484	-1,816	-1,987	-1,830	-1,991	-1,938	-2,223
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1,437	-903	-1,286	-1,088	-1,343	-3,361	-1,441	-1,080	-1,369	-1,894	-1,646	-1,309	-1,901	-1,738	-12,264
+ Dividends Paid	-647	-704	-733	-822	-957	-1,121	-1,288	-1,455	-1,618	-1,704	-1,984	-2,370	-2,531	-2,566	-2,636
+ Net Cash From Debt	956	1,393	1,324	805	1,209	2,560	744	-741	2,859	2,311	2,854	8,800	2,382	-545	4,387
+ Cash From Debt	993	1,984	1,371	1,239	1,761	3,733	3,593	- -	3,972	7,929	4,972	9,667	2,983	- -	6,974
+ Repayments of Debt	-37	-591	-47	-434	-552	-1,173	-2,849	-741	-1,113	-5,618	-2,118	-867	-601	-545	-2,587
+ Other Financing Activities	-21	371	150	161	180	64	129	109	337	-827	126	645	-379	117	81
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-2,549	-3,333	-2,969	-3,761	-3,493	-2,092	-3,607	-5,124	-2,735	-5,191	-12,016	-7,049	-6,666	-7,047	1,621
Effect of Foreign Exchange Rates	-1	1	-6	-5	-9	-11	13	-12	1	10	-8	-16	- -	- -	- -
Net Changes in Cash	363	-474	-144	80	-52	164	17	-11	192	3,964	-3,549	231	-427	840	-779
EBITDA	4,856	5,183	5,711	6,378	6,558	7,436	8,126	5,625	7,724	11,241	13,975	12,140	13,480	12,438	12,347
EBITDA Margin (%)	9.67	10.26	10.69	11.34	11.1	11.44	11.84	7.89	10.71	12.55	14.52	12.51	15.61	14.86	14.31
Free Cash Flow	2,520	3,762	4,111	4,929	4,784	5,617	5,065	6,193	4,296	11,049	10,113	8,589	8,140	9,625	9,864
Net Cash Paid for Acquisitions	332	219	376	241	125	2,356	509	- -	- -	- -	- -	-491	-100	-177	10,088
Free Cash Flow to Firm	2,762	4,049	4,410	5,258	5,105	6,008	5,473	6,638	4,843	11,706	10,789	9,415	9,266	10,744	11,026
Free Cash Flow to Equity	3,528	5,285	5,510	5,786	6,050	8,214	5,854	5,528	7,318	13,450	13,080	17,434	10,575	9,185	14,333
Free Cash Flow per Basic Share	1.98	3.27	3.88	4.99	5.16	6.38	6.04	7.64	5.53	14.77	14.53	13.66	13.99	16.98	17.65
Price/Free Cash Flow	5.53	11.69	11.95	13.61	13.92	11.46	17.37	12.61	21.05	11.33	16.41	15.3	15.27	15.35	15.16
Cash Flow to Net Income	2.36	1.92	1.8	1.83	1.88	1.82	1.47	2.68	1	1.89	1.2	1.33	1.05	1.38	1.48
Capital Expenditures	-1,829	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -