Southwest Airlines Co.

LUV

LUVSouthwest Airlines Co. US flag

New York Stock Exchange

42.34

USD

-0.42

- -

20.69BMarket 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	15,658	17,088	17,699	18,605	19,820	20,289	21,146	21,965	22,428	9,048	15,790	23,814	26,091	27,483	28,063
+ Sales & Services Revenue	15,658	17,088	17,699	18,605	19,820	20,289	21,146	21,965	22,428	9,048	15,790	23,814	26,091	27,483	28,063
- Cost of Revenue	12,952	14,243	14,209	14,049	13,423	14,064	14,892	15,907	16,445	10,938	11,675	19,062	21,868	23,024	23,168
+ Cost of Goods & Services	12,952	14,243	14,209	14,049	13,423	14,064	14,892	15,907	16,445	10,938	11,675	19,062	21,868	23,024	23,168
Gross Profit	2,706	2,845	3,490	4,556	6,397	6,225	6,254	6,058	5,983	-1,890	4,115	4,752	4,223	4,459	4,895
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,879	2,039	2,126	2,205	2,242	2,703	2,847	2,852	3,026	1,926	2,394	3,735	3,999	4,138	4,467
+ Selling, General & Admin	4,371	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-2,492	2,039	2,126	2,205	2,242	2,703	2,847	2,852	3,026	1,926	2,394	3,735	3,999	4,138	4,467
Operating Income (Loss)	827	806	1,364	2,351	4,155	3,522	3,407	3,206	2,957	-3,816	1,721	1,017	224	321	428
- Non-Operating (Income) Loss	504	121	155	535	676	72	142	42	- -	440	396	289	-409	-277	-135
+ Interest Expense, Net	172	119	101	100	81	51	30	24	-8	282	418	84	-347	-283	-92
+ Interest Expense	182	126	107	107	90	75	65	93	82	314	431	301	236	214	113
- Interest Income	10	7	6	7	9	24	35	69	90	32	13	217	583	497	205
+ Other Non-Op (Income) Loss	332	2	54	435	595	21	112	18	8	158	-22	205	-62	6	-43
Pretax Income	323	685	1,209	1,816	3,479	3,450	3,265	3,164	2,957	-4,256	1,325	728	633	598	563
- Income Tax Expense (Benefit)	145	264	455	680	1,298	1,267	-92	699	657	-1,182	348	189	168	133	122
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	178	421	754	1,136	2,181	2,183	3,357	2,465	2,300	-3,074	977	539	465	465	441
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	178	421	754	1,136	2,181	2,183	3,357	2,465	2,300	-3,074	977	539	465	465	441
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	178	421	754	1,136	2,181	2,183	3,357	2,465	2,300	-3,074	977	539	465	465	441
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	178	421	754	1,136	2,181	2,183	3,357	2,465	2,300	-3,074	977	539	465	465	441
EBIT	827	806	1,364	2,351	4,155	3,522	3,407	3,206	2,957	-3,816	1,721	1,017	224	321	428
EBITDA	1,542	1,650	2,231	3,289	5,170	4,743	4,625	4,407	4,176	-2,561	2,993	2,368	1,746	1,978	1,988
EBITDA Margin (%)	9.85	9.66	12.61	17.68	26.08	23.38	21.87	20.06	18.62	-28.3	18.96	9.94	6.69	7.2	7.08
EBITA	827	806	1,364	2,351	4,155	3,522	3,407	3,206	2,957	-3,816	1,721	1,017	224	321	428
Gross Margin (%)	17.28	16.65	19.72	24.49	32.28	30.68	29.58	27.58	26.68	-20.89	26.06	19.95	16.19	16.22	17.44
Operating Margin (%)	5.28	4.72	7.71	12.64	20.96	17.36	16.11	14.6	13.18	-42.18	10.9	4.27	0.86	1.17	1.53
Profit Margin (%)	1.14	2.46	4.26	6.11	11	10.76	15.88	11.22	10.26	-33.97	6.19	2.26	1.78	1.69	1.57
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.02	0.03	0.1	0.2	0.27	0.35	0.46	0.58	0.69	0.33	- -	- -	0.72	0.72	0.74
Depreciation Expense	715	844	867	938	1,015	1,221	1,218	1,201	1,219	1,255	1,272	1,351	1,522	1,657	1,560
Basic Weighted Avg Shares	774	750	710	687	661	627	601	573	538	565	592	593	595	598	540
Basic EPS, GAAP	0.23	0.56	1.06	1.65	3.3	3.48	5.59	4.3	4.28	-5.44	1.65	0.91	0.78	0.78	0.82
Basic EPS from Cont Ops	0.23	0.56	1.06	1.65	3.3	3.48	5.59	4.3	4.28	-5.44	1.65	0.91	0.78	0.78	0.82
Diluted Weighted Avg Shares	775	757	718	696	669	633	603	574	539	565	609	642	640	643	558
Diluted EPS, GAAP	0.23	0.56	1.05	1.63	3.26	3.45	5.57	4.29	4.27	-5.44	1.6	0.84	0.73	0.72	0.79
Diluted EPS from Cont Ops	0.23	0.56	1.05	1.63	3.26	3.45	5.57	4.29	4.27	-5.44	1.6	0.84	0.73	0.72	0.79

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	4,345	4,227	4,456	3,927	4,024	4,498	4,815	5,028	5,974	15,173	18,036	14,808	13,955	11,274	5,645
+ Cash, Cash Equivalents & STI	3,144	2,970	3,152	2,988	3,051	3,305	3,273	3,689	4,072	13,334	15,504	12,292	11,474	8,725	3,231
+ Cash & Cash Equivalents	829	1,113	1,355	1,282	1,583	1,680	1,495	1,854	2,548	11,063	12,480	9,492	9,288	7,509	3,231
+ ST Investments	2,315	1,857	1,797	1,706	1,468	1,625	1,778	1,835	1,524	2,271	3,024	2,800	2,186	1,216	- -
+ Accounts & Notes Receiv	299	332	419	365	474	546	662	568	1,086	1,130	1,349	1,006	1,142	1,109	1,149
+ Accounts Receivable, Net	299	332	419	365	474	546	662	57	53	46	58	117	104	47	98
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	511	1,033	1,084	1,291	889	1,038	1,062	1,051
+ Inventories	401	469	467	342	311	337	420	461	529	414	537	790	807	800	775
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	401	469	467	342	311	337	420	461	529	414	537	790	807	800	775
+ Other ST Assets	501	456	418	232	188	310	460	310	287	295	646	720	532	640	490
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	13,723	14,369	14,889	15,796	17,288	18,788	20,295	21,214	19,921	19,415	18,284	20,561	22,532	22,476	23,416
+ Property, Plant & Equip, Net	12,127	12,766	13,389	14,292	15,601	17,044	18,539	19,525	18,374	17,723	16,432	18,736	20,598	20,425	21,334
+ Property, Plant & Equip	18,421	19,497	20,820	22,513	24,685	26,464	28,229	29,256	29,062	29,466	29,164	32,378	35,041	35,316	37,034
- Accumulated Depreciation	6,294	6,731	7,431	8,221	9,084	9,420	9,690	9,731	10,688	11,743	12,732	13,642	14,443	14,891	15,700
+ LT Investments & Receivables	97	41	44	35	40	- -	- -	- -	- -	- -	- -	235	280	367	457
+ LT Investments	97	41	44	35	40	- -	- -	- -	- -	- -	- -	235	280	367	457
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,499	1,562	1,456	1,469	1,647	1,744	1,756	1,689	1,547	1,692	1,852	1,590	1,654	1,684	1,625
+ Total Intangible Assets	1,125	1,108	1,136	1,333	1,434	1,396	1,383	1,369	1,266	1,265	1,265	1,266	1,266	1,270	1,266
+ Goodwill	970	970	970	970	970	970	970	970	970	970	970	970	970	970	970
+ Other Intangible Assets	155	138	166	363	464	426	413	399	296	295	295	296	296	300	296
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	374	454	320	136	213	348	373	320	281	427	587	324	388	414	359
Total Assets	18,068	18,596	19,345	19,723	21,312	23,286	25,110	26,243	25,895	34,588	36,320	35,369	36,487	33,750	29,061
+ Payables & Accruals	1,448	1,525	1,708	1,679	1,899	1,538	1,803	1,907	1,903	1,321	1,578	2,336	2,428	2,521	2,738
+ Accounts Payable	1,057	174	189	123	178	138	186	263	304	111	156	277	265	339	389
+ Accrued Taxes	69	195	211	244	241	252	260	288	306	133	301	279	365	371	406
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	322	1,156	1,308	1,312	1,480	1,148	1,357	1,356	1,293	1,077	1,121	1,780	1,798	1,811	1,943
+ ST Debt	644	271	629	258	637	566	348	606	1,172	526	692	267	237	1,958	636
+ ST Borrowings	644	271	629	258	637	566	348	606	734	137	371	42	29	1,630	324
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	438	389	321	267	208	328	312
+ Other ST Liabilities	2,441	2,854	3,339	3,986	4,870	4,740	4,712	5,392	5,877	5,659	6,894	7,775	9,591	7,797	7,547
+ Deferred Revenue	1,836	2,170	2,571	2,897	2,990	3,115	3,495	4,134	4,457	3,790	5,566	6,064	6,551	6,294	5,945
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	605	684	768	1,089	1,880	1,625	1,217	1,258	1,420	1,869	1,328	1,711	3,040	1,503	1,602
Total Current Liabilities	4,533	4,650	5,676	5,923	7,406	6,844	6,863	7,905	8,952	7,506	9,164	10,378	12,256	12,276	10,921
+ LT Debt	3,107	2,883	2,191	2,434	2,541	2,821	3,320	2,771	2,824	11,673	11,589	9,164	8,963	6,100	5,345
+ LT Borrowings	3,107	2,883	2,191	2,434	2,541	2,821	3,320	2,771	1,304	9,652	9,897	7,899	7,978	5,069	4,577
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1,520	2,021	1,692	1,265	985	1,031	768
+ Other LT Liabilities	3,551	4,071	4,142	4,591	4,007	5,180	5,286	5,714	4,287	6,533	5,153	5,140	4,753	5,024	4,814
+ Accrued Liabilities	2,766	3,088	3,162	3,009	2,712	3,578	3,426	3,610	3,730	5,330	4,298	4,502	4,130	4,691	4,449
+ Pension Liabilities	107	148	138	169	201	256	275	232	288	749	563	388	330	256	321
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	678	835	842	1,413	1,094	1,346	1,585	1,872	269	454	292	250	293	77	44
Total Noncurrent Liabilities	6,658	6,954	6,333	7,025	6,548	8,001	8,606	8,485	7,111	18,206	16,742	14,304	13,716	11,124	10,159
Total Liabilities	11,191	11,604	12,009	12,948	13,954	14,845	15,469	16,390	16,063	25,712	25,906	24,682	25,972	23,400	21,080
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	2,030	2,018	2,039	2,123	2,182	2,218	2,259	2,318	2,389	5,079	5,112	4,925	5,041	5,087	5,210
+ Common Stock	808	808	808	808	808	808	808	808	808	888	888	888	888	888	888
+ Additional Paid in Capital	1,222	1,210	1,231	1,315	1,374	1,410	1,451	1,510	1,581	4,191	4,224	4,037	4,153	4,199	4,322
- Treasury Stock	324	675	1,131	2,026	3,182	4,872	6,462	8,452	10,441	10,875	10,860	10,843	10,823	11,044	13,593
+ Retained Earnings	5,395	5,768	6,431	7,416	9,409	11,418	13,832	15,967	17,945	14,777	15,774	16,261	16,297	16,332	16,388
+ Other Equity	-224	-119	-3	-738	-1,051	-323	12	20	-61	-105	388	344	- -	-25	-24
Equity Before Minority Interest	6,877	6,992	7,336	6,775	7,358	8,441	9,641	9,853	9,832	8,876	10,414	10,687	10,515	10,350	7,981
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	6,877	6,992	7,336	6,775	7,358	8,441	9,641	9,853	9,832	8,876	10,414	10,687	10,515	10,350	7,981
Total Liabilities & Equity	18,068	18,596	19,345	19,723	21,312	23,286	25,110	26,243	25,895	34,588	36,320	35,369	36,487	33,750	29,061
Shares Outstanding	773	730	700	676	648	615	589	553	519	590	592	594	597	593	516
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	1,958	2,410	2,013	1,532	1,193	1,359	1,080
Net Debt	2,922	2,041	1,465	1,410	1,595	1,707	2,173	1,523	-510	-1,274	-2,212	-1,551	-1,281	-810	1,670
Net Debt to Equity	42.49	29.19	19.97	20.81	21.68	20.22	22.54	15.46	-5.19	-14.35	-21.24	-14.51	-12.18	-7.83	20.92
Tangible Common Equity Ratio	33.95	33.65	34.05	29.59	29.8	32.18	34.8	34.11	34.78	22.84	26.1	27.63	26.26	27.96	24.16
Current Ratio	0.96	0.91	0.79	0.66	0.54	0.66	0.7	0.64	0.67	2.02	1.97	1.43	1.14	0.92	0.52
Cash Conversion Cycle	-10.17	2.19	15.1	14.11	12.5	13.49	15.75	10.94	5.62	10.73	11.94	9.95	10.35	8.95	7.61

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	178	421	754	1,136	2,181	2,183	3,357	2,465	2,300	-3,074	977	539	465	465	441
+ Depreciation & Amortization	715	844	867	938	1,015	1,221	1,218	1,201	1,219	1,255	1,272	1,351	1,522	1,657	1,560
+ Non-Cash Items	170	416	176	270	-1,028	610	-858	286	-138	-977	173	417	-72	-74	254
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	123	251	50	501	-109	419	-1,066	301	-55	-716	-21	228	159	132	122
+ Asset Impairment Charge	- -	- -	- -	- -	- -	21	- -	- -	- -	32	12	35	- -	- -	8
+ Other Non-Cash Adj	47	165	126	-231	-919	170	208	-15	-83	-293	182	154	-231	-206	124
+ Chg in Non-Cash Work Cap	293	383	680	558	1,070	279	212	941	606	1,669	-100	1,483	1,249	-1,586	-413
+ (Inc) Dec in Accts Receiv	-26	-33	-17	54	-88	-50	-102	117	-94	-294	-701	422	-89	19	51
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	253	186	343	36	961	221	233	545	298	231	38	936	1,386	-1,363	218
+ Inc (Dec) in Other	66	230	354	468	197	108	81	279	402	1,732	563	125	-48	-242	-682
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,356	2,064	2,477	2,902	3,238	4,293	3,929	4,893	3,987	-1,127	2,322	3,790	3,164	462	1,842
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	815	- -	- -	- -	871	24
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	815	- -	- -	- -	871	24
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-968	- -	-14	-80	-102	-109	-126	-54	- -	- -	-6	-22	-33	-26	- -
+ Acq of Fixed Prod Assets	-968	- -	-14	-80	-102	-109	-126	-54	- -	- -	-6	-22	-33	-26	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-225	-400	-540	-955	-1,180	-1,750	-1,600	-2,000	-2,000	1,843	- -	- -	- -	-250	-2,550
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,294	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-225	-400	-540	-955	-1,180	-1,750	-1,600	-2,000	-2,000	-451	- -	- -	- -	-250	-2,550
+ Net Change in LT Investment	-19	515	63	105	237	-125	-159	-67	324	-744	-753	200	621	981	1,223
+ Dec in LT Investment	5,343	2,996	3,198	3,185	2,223	2,263	2,221	2,342	2,446	4,336	5,071	5,792	7,591	5,995	1,693
+ Inc in LT Investment	-5,362	-2,481	-3,135	-3,080	-1,986	-2,388	-2,380	-2,409	-2,122	-5,080	-5,824	-5,592	-6,970	-5,014	-470
+ Net Cash From Acq & Div	-35	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-35	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	-1,348	-1,433	-1,752	-2,048	-2,038	-2,123	-1,917	-627	-87	-505	-3,924	-3,520	-2,087	-2,676
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1,022	-833	-1,384	-1,727	-1,913	-2,272	-2,408	-2,038	-303	-16	-1,264	-3,746	-2,932	-261	-1,429
+ Dividends Paid	-14	-22	-71	-139	-180	-222	-274	-332	-372	-188	- -	- -	-428	-430	-399
+ Net Cash From Debt	-621	-578	-313	-261	287	-76	8	-342	-615	8,099	231	-3,085	-85	-1,337	-1,775
+ Cash From Debt	- -	- -	- -	300	500	515	600	- -	- -	13,621	1,136	- -	- -	- -	1,500
+ Repayments of Debt	-621	-578	-313	-561	-213	-591	-592	-342	-615	-5,522	-905	-3,085	-85	-1,337	-3,275
+ Other Financing Activities	94	53	73	107	49	124	160	178	-3	-96	128	53	77	37	33
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-766	-947	-851	-1,248	-1,024	-1,924	-1,706	-2,496	-2,990	9,658	359	-3,032	-436	-1,980	-4,691
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-432	284	242	-73	301	97	-185	359	694	8,515	1,417	-2,988	-204	-1,779	-4,278
EBITDA	1,542	1,650	2,231	3,289	5,170	4,743	4,625	4,407	4,176	-2,561	2,993	2,368	1,746	1,978	1,988
EBITDA Margin (%)	9.85	9.66	12.61	17.68	26.08	23.38	21.87	20.06	18.62	-28.3	18.96	9.94	6.69	7.2	7.08
Free Cash Flow	388	2,064	2,463	2,822	3,136	4,184	3,803	4,839	3,987	-1,127	2,316	3,768	3,131	436	1,842
Net Cash Paid for Acquisitions	35	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	488	2,141	2,530	2,889	3,192	4,231	- -	4,911	4,051	- -	2,634	3,991	3,304	602	1,931
Free Cash Flow to Equity	-233	1,486	2,150	2,561	3,423	4,108	3,811	4,497	3,372	7,787	2,547	683	3,046	-30	91
Free Cash Flow per Basic Share	0.5	2.75	3.47	4.11	4.74	6.67	6.33	8.45	7.41	-1.99	3.91	6.35	5.26	0.73	3.41
Price/Free Cash Flow	2.85	3.76	5.43	9.88	8.62	7.17	9.73	5.39	7.3	-23.37	11.21	5.67	5.78	44.3	12.52
Cash Flow to Net Income	7.62	4.9	3.29	2.55	1.48	1.97	1.17	1.98	1.73	0.37	2.38	7.03	6.8	0.99	4.18
Capital Expenditures	-968	- -	-14	-80	-102	-109	-126	-54	- -	- -	-6	-22	-33	-26	- -