Las Vegas Sands Corp.

LVS

LVSLas Vegas Sands Corp. US flag

New York Stock Exchange

50.86

USD

-0.35

- -

33.70BMarket 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	9,411	11,131	13,770	14,584	11,688	11,271	12,728	13,729	12,127	2,940	4,234	4,110	10,372	11,298	13,017
+ Sales & Services Revenue	9,411	11,131	13,770	14,584	11,688	11,271	12,728	13,729	12,127	2,940	4,234	4,110	10,372	11,298	13,017
- Cost of Revenue	4,923	6,070	7,516	7,746	6,117	5,686	6,329	6,974	6,099	2,119	2,626	2,460	5,205	5,777	6,536
+ Cost of Goods & Services	4,923	6,070	7,516	7,746	6,117	5,686	6,329	6,974	6,099	2,119	2,626	2,460	5,205	5,777	6,536
Gross Profit	4,488	5,062	6,253	6,838	5,571	5,585	6,399	6,755	6,028	821	1,608	1,650	5,167	5,521	6,481
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	2,022	2,460	2,821	2,706	2,647	2,874	2,907	2,848	2,548	2,122	2,251	2,420	2,812	3,055	3,392
+ Selling, General & Admin	837	1,062	1,330	1,258	1,267	1,287	1,417	1,483	1,118	798	831	936	1,107	1,150	1,188
+ Research & Development	11	20	16	14	10	9	13	12	24	18	109	143	205	228	269
+ Other Operating Expense	1,174	1,379	1,475	1,434	1,370	1,578	1,477	1,353	1,406	1,306	1,311	1,341	1,500	1,677	1,935
Operating Income (Loss)	2,466	2,601	3,433	4,132	2,924	2,711	3,492	3,907	3,480	-1,301	-643	-770	2,355	2,466	3,089
- Non-Operating (Income) Loss	371	539	289	299	302	447	438	581	-120	575	831	617	580	506	876
+ Interest Expense, Net	269	235	255	248	250	264	311	387	375	502	617	586	530	452	585
+ Interest Expense	283	259	271	274	265	274	327	446	449	523	621	702	818	727	746
- Interest Income	14	23	16	26	15	10	16	59	74	21	4	116	288	275	161
+ Other Non-Op (Income) Loss	103	303	34	51	52	183	127	194	-495	73	214	31	50	54	291
Pretax Income	2,095	2,063	3,144	3,833	2,622	2,264	3,054	3,326	3,600	-1,876	-1,474	-1,387	1,775	1,960	2,213
- Income Tax Expense (Benefit)	212	181	189	245	236	239	-209	375	432	24	-5	154	344	208	347
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,883	1,882	2,955	3,588	2,386	2,025	3,263	2,951	3,168	-1,900	-1,469	-1,541	1,431	1,752	1,866
- Net Extraordinary Losses (Gains)	646	715	1,297	1,494	840	692	910	1,076	1,076	-673	-823	-3,848	420	612	478
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	136	-243	193	2,898	- -	- -	- -
+ Extraord. & Accounting Changes	646	715	1,297	1,494	840	692	910	1,076	940	-430	-1,016	-6,746	420	612	478
Income (Loss) Incl. MI	1,237	1,166	1,657	2,094	1,546	1,333	2,353	1,875	2,092	-1,227	-646	2,307	1,011	1,140	1,388
- Minority Interest	-323	-358	-649	-747	-420	-346	-455	-538	-606	458	315	475	-210	-306	-239
Net Income, GAAP	1,560	1,524	2,306	2,841	1,966	1,679	2,808	2,413	2,698	-1,685	-961	1,832	1,221	1,446	1,627
- Preferred Dividends	64	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,496	1,524	2,306	2,841	1,966	1,679	2,808	2,413	2,698	-1,685	-961	1,832	1,221	1,446	1,627
EBIT	2,466	2,601	3,433	4,132	2,924	2,711	3,492	3,907	3,480	-1,301	-643	-770	2,355	2,466	3,089
EBITDA	3,304	3,533	4,481	5,204	3,962	3,860	4,700	5,053	4,551	-249	454	321	3,621	3,834	4,629
EBITDA Margin (%)	35.11	31.74	32.54	35.68	33.9	34.25	36.93	36.81	37.53	-8.47	10.72	7.81	34.91	33.94	35.56
EBITA	2,466	2,601	3,433	4,132	2,924	2,711	3,492	3,907	3,480	-1,301	-643	-770	2,355	2,466	3,089
Gross Margin (%)	47.69	45.47	45.41	46.89	47.66	49.55	50.27	49.2	49.71	27.93	37.98	40.15	49.82	48.87	49.79
Operating Margin (%)	26.2	23.37	24.93	28.33	25.02	24.05	27.44	28.46	28.7	-44.25	-15.19	-18.73	22.71	21.83	23.73
Profit Margin (%)	16.58	13.69	16.75	19.48	16.82	14.9	22.06	17.58	22.25	-57.31	-22.7	44.57	11.77	12.8	12.5
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.1	4.29	1.9	2.96	3.4	3.68	3.72	3.79	3.89	1.19	- -	- -	0.41	0.8	1.21
Depreciation Expense	838	932	1,048	1,072	1,038	1,149	1,208	1,146	1,071	1,052	1,097	1,091	1,266	1,368	1,540
Basic Weighted Avg Shares	728	806	822	806	797	795	792	786	771	764	764	764	752	735	691
Basic EPS, GAAP	2.05	1.89	2.8	3.52	2.47	2.11	3.55	3.07	3.5	-2.21	-1.26	2.4	1.62	1.97	2.35
Basic EPS from Cont Ops	2.59	2.33	3.59	4.45	2.99	2.55	4.12	3.75	4.11	-2.49	-1.92	-2.02	1.9	2.38	2.7
Diluted Weighted Avg Shares	812	825	826	808	798	795	792	786	771	764	764	764	754	737	693
Diluted EPS, GAAP	1.84	1.85	2.79	3.52	2.46	2.11	3.55	3.07	3.5	-2.21	-1.26	2.4	1.62	1.96	2.35
Diluted EPS from Cont Ops	2.32	2.28	3.58	4.44	2.99	2.55	4.12	3.75	4.11	-2.49	-1.92	-2.02	1.9	2.38	2.69

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
Total Current Assets	5,397	4,478	5,516	5,190	3,609	3,098	3,197	5,566	5,305	5,707	5,510	6,744	5,777	4,290	4,832
+ Cash, Cash Equivalents & STI	3,903	2,513	3,600	3,506	2,179	2,128	2,419	4,648	4,226	2,082	1,854	6,311	5,105	3,650	3,841
+ Cash & Cash Equivalents	3,903	2,513	3,600	3,506	2,179	2,128	2,419	4,648	4,226	2,082	1,854	6,311	5,105	3,650	3,841
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1,337	1,819	1,762	1,511	1,268	776	615	726	844	252	202	267	484	417	742
+ Accounts Receivable, Net	1,337	1,819	1,762	1,511	1,268	776	615	726	844	252	202	267	484	417	742
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	35	44	42	42	43	46	37	35	37	22	22	28	38	41	46
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	35	44	42	42	43	46	37	35	37	22	22	28	38	41	46
+ Other ST Assets	123	102	111	132	119	148	126	157	198	3,351	3,432	138	150	182	203
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	16,847	17,686	17,209	17,164	17,254	17,371	17,490	16,981	17,894	15,100	14,549	15,295	16,001	16,376	17,088
+ Property, Plant & Equip, Net	16,421	17,225	16,788	16,726	16,994	17,113	16,753	16,352	17,116	14,536	14,016	13,579	13,688	13,995	14,580
+ Property, Plant & Equip	19,688	21,403	21,906	22,700	23,819	24,936	25,648	26,041	27,613	23,703	24,033	24,462	25,581	26,553	28,606
- Accumulated Depreciation	3,267	4,178	5,118	5,975	6,825	7,823	8,895	9,689	10,497	9,167	10,017	10,883	11,893	12,558	14,026
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	426	461	421	438	260	258	737	629	778	564	533	1,716	2,313	2,381	2,508
+ Total Intangible Assets	80	71	102	86	71	103	89	72	42	25	19	64	598	545	573
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10	103	102	103
+ Other Intangible Assets	80	71	102	86	71	103	89	72	42	25	19	54	495	443	470
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	345	390	319	352	189	155	648	557	736	539	514	1,652	1,715	1,836	1,935
Total Assets	22,244	22,164	22,724	22,354	20,863	20,469	20,687	22,547	23,199	20,807	20,059	22,039	21,778	20,666	21,920
+ Payables & Accruals	1,788	2,137	2,288	2,136	1,938	2,131	2,088	2,370	2,572	1,485	1,200	1,400	1,979	2,033	2,321
+ Accounts Payable	104	106	119	113	111	128	171	178	149	89	77	89	167	164	190
+ Accrued Taxes	467	592	747	574	517	504	628	647	664	235	175	269	650	545	825
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1,217	1,438	1,422	1,449	1,310	1,499	1,289	1,545	1,759	1,161	948	1,042	1,162	1,324	1,306
+ ST Debt	456	98	378	100	95	167	296	111	70	75	74	2,031	1,900	3,160	1,128
+ ST Borrowings	456	98	378	100	95	167	296	111	70	75	74	2,031	1,900	3,160	1,128
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	255	388	464	465	431	508	572	676	582	1,256	1,291	471	543	608	773
+ Deferred Revenue	255	388	451	465	431	508	572	676	582	501	470	471	543	608	773
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	13	13	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	-13	- -	- -	- -	- -	- -	755	821	- -	- -	- -	- -
Total Current Liabilities	2,499	2,623	3,130	2,700	2,464	2,806	2,956	3,157	3,224	2,816	2,565	3,902	4,422	5,801	4,222
+ LT Debt	9,577	10,132	9,383	9,893	9,249	9,428	9,344	11,874	12,422	13,929	14,721	13,947	12,129	10,592	14,656
+ LT Borrowings	9,577	10,132	9,383	9,893	9,249	9,428	9,344	11,874	12,422	13,929	14,721	13,947	12,129	10,592	14,656
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	729	750	711	741	732	739	760	771	1,046	524	525	534	1,123	1,113	1,108
+ Accrued Liabilities	640	- -	- -	616	619	- -	- -	- -	- -	188	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	89	750	711	125	113	739	760	771	1,046	336	525	534	1,123	1,113	1,108
Total Noncurrent Liabilities	10,306	10,882	10,094	10,633	9,981	10,167	10,104	12,645	13,468	14,453	15,246	14,481	13,252	11,705	15,764
Total Liabilities	12,805	13,505	13,224	13,333	12,445	12,973	13,060	15,802	16,692	17,269	17,811	18,383	17,674	17,506	19,986
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	5,611	6,238	6,349	6,430	6,486	6,517	6,581	6,681	6,570	6,612	6,647	6,685	6,482	6,246	6,160
+ Common Stock	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	5,610	6,237	6,348	6,429	6,485	6,516	6,580	6,680	6,569	6,611	6,646	6,684	6,481	6,245	6,159
- Treasury Stock	- -	- -	571	2,238	2,443	2,443	2,818	3,727	4,481	4,481	4,481	4,481	4,991	6,759	9,028
+ Retained Earnings	2,146	560	1,713	2,946	2,840	2,222	2,709	2,770	3,101	813	-148	1,684	2,600	3,455	4,387
+ Other Equity	94	263	174	76	-66	-119	14	-40	-3	29	-22	-7	27	-58	71
Equity Before Minority Interest	7,851	7,062	7,665	7,214	6,817	6,177	6,486	5,684	5,187	2,973	1,996	3,881	4,118	2,884	1,590
+ Minority/Non Controlling Interest	1,588	1,597	1,835	1,807	1,601	1,319	1,141	1,061	1,320	565	252	-225	-14	276	344
Total Equity	9,439	8,658	9,501	9,021	8,418	7,496	7,627	6,745	6,507	3,538	2,248	3,656	4,104	3,160	1,934
Total Liabilities & Equity	22,244	22,164	22,724	22,354	20,863	20,469	20,687	22,547	23,199	20,807	20,059	22,039	21,778	20,666	21,920
Shares Outstanding	733	824	819	798	795	795	789	775	764	764	764	764	753	716	675
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	6,130	7,717	6,160	6,486	7,165	7,467	7,221	7,337	8,266	11,922	12,941	9,667	8,924	10,102	11,943
Net Debt to Equity	64.95	89.13	64.84	71.91	85.12	99.61	94.68	108.78	127.03	336.97	575.67	264.41	217.45	319.68	617.53
Tangible Common Equity Ratio	42.23	38.87	41.55	40.12	40.15	36.3	36.6	29.69	27.92	16.9	11.12	16.35	16.55	13	6.38
Current Ratio	2.16	1.71	1.76	1.92	1.46	1.1	1.08	1.76	1.65	2.03	2.15	1.73	1.31	0.74	1.14
Cash Conversion Cycle	34.26	47.79	44.07	37.46	39.24	28.29	13.7	10.57	16	52.47	11.09	12.25	6.57	6.6	8.8

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
+ Net Income	1,883	1,882	2,955	3,588	2,386	2,025	3,263	2,951	3,168	-1,900	-1,469	-1,541	1,431	1,752	1,866
+ Depreciation & Amortization	838	932	1,048	1,072	1,038	1,149	1,208	1,146	1,071	1,052	1,097	1,091	1,266	1,368	1,540
+ Non-Cash Items	374	517	342	286	276	331	-251	365	-270	194	218	-658	140	65	401
+ Stock-Based Compensation	63	65	53	48	46	34	34	30	35	22	22	39	44	55	54
+ Deferred Income Taxes	91	5	-4	-3	19	24	-497	113	146	24	-45	-752	44	4	-60
+ Asset Impairment Charge	10	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	210	446	292	241	211	273	212	222	-451	148	241	55	52	6	407
+ Chg in Non-Cash Work Cap	-432	-273	95	-113	-241	539	323	239	-1,166	-537	-89	164	390	19	-784
+ (Inc) Dec in Accts Receiv	-789	-675	-209	37	49	319	83	-119	-118	339	43	-78	-217	43	-392
+ (Inc) Dec in Inventories	-3	-8	1	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	13	-33	-1	-27	12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	390	489	352	-5	-1	19	40	8	-13	-42	-11	11	76	-1	22
+ Inc (Dec) in Other	-43	-46	-48	-118	-300	201	200	350	-1,035	-834	-121	231	531	-23	-414
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	235	-121	258	149	- -	- -	- -
Cash from Operating Activities	2,662	3,058	4,439	4,833	3,459	4,044	4,543	4,701	3,038	-1,312	15	-795	3,227	3,204	3,023
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	6	3	32	2	2	5	15	19	5	1	7	9	3	1	7
+ Disp of Fixed Prod Assets	6	3	32	2	2	5	15	19	5	1	7	9	3	1	7
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	-46	- -	- -	-47	- -	- -	-53	- -	-11	-129	-240	-13	-75
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	-46	- -	- -	-47	- -	- -	-53	- -	-11	-129	-240	-13	-75
+ Cash (Repurchase) of Equity	- -	- -	-561	-1,677	-205	- -	-375	-905	-754	- -	- -	- -	-505	-1,750	-2,217
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	-561	-1,677	-205	- -	-375	-905	-754	- -	- -	- -	-505	-1,750	-2,217
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	1,161	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	1,161	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-704	-1,449	-898	-1,179	-1,530	-1,398	-837	-949	-1,216	-1,330	-891	4,282	-1,017	-1,567	-1,149
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	-198	-103	-63	4,883	- -	- -	- -
Cash from Investing Activities	-698	-1,446	-912	-1,177	-1,528	-1,440	-822	-930	-103	-1,329	-895	4,162	-1,254	-1,579	-1,217
+ Dividends Paid	-75	-3,461	-1,564	-2,387	-2,707	-2,924	-2,943	-2,979	-3,000	-911	- -	- -	-305	-590	-833
+ Net Cash From Debt	3,103	4,303	2,853	2,879	1,780	2,605	450	10,008	7,949	3,423	3,406	1,134	-2,069	-326	1,863
+ Cash From Debt	6,403	8,703	6,366	4,996	4,178	4,592	1,308	15,186	8,000	3,890	5,404	1,200	- -	1,748	6,781
+ Repayments of Debt	-3,300	-4,400	-3,513	-2,117	-2,398	-1,987	-858	-5,178	-51	-467	-1,998	-66	-2,069	-2,074	-4,918
+ Other Financing Activities	-4,121	-3,888	-3,160	-2,536	-2,084	-2,312	-619	-7,646	-7,563	-1,952	-2,722	-12	-309	-394	-456
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1,093	-3,045	-2,432	-3,721	-3,216	-2,631	-3,487	-1,522	-3,368	560	684	1,122	-3,188	-3,060	-1,643
Effect of Foreign Exchange Rates	-5	43	-7	-29	-42	-22	58	-18	14	-24	-16	22	8	-19	28
Net Changes in Cash	871	-1,433	1,095	-65	-1,285	-27	234	2,249	-433	-2,081	-196	4,489	-1,215	-1,435	163
EBITDA	3,304	3,533	4,481	5,204	3,962	3,860	4,700	5,053	4,551	-249	454	321	3,621	3,834	4,629
EBITDA Margin (%)	35.11	31.74	32.54	35.68	33.9	34.25	36.93	36.81	37.53	-8.47	10.72	7.81	34.91	33.94	35.56
Free Cash Flow	2,662	3,058	4,394	4,833	3,459	3,997	4,543	4,701	2,985	-1,312	4	-924	2,987	3,191	2,948
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	-1,161	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	2,917	3,294	4,648	5,089	3,700	4,242	- -	5,097	3,380	- -	- -	- -	3,646	3,841	3,577
Free Cash Flow to Equity	4,997	7,364	7,325	7,714	5,241	6,654	5,008	14,728	10,992	2,112	3,428	348	1,161	2,879	4,893
Free Cash Flow per Basic Share	3.66	3.79	5.34	6	4.34	5.03	5.74	5.98	3.87	-1.72	0.01	-1.21	3.97	4.34	4.27
Price/Free Cash Flow	13.03	12.45	14.53	9.72	10.11	10.38	12.11	8.7	17.22	-34.71	1,106.04	-55.14	10.7	11.77	14.56
Cash Flow to Net Income	1.71	2.01	1.93	1.7	1.76	2.41	1.62	1.95	1.13	0.78	-0.02	-0.43	2.64	2.22	1.86
Capital Expenditures	- -	- -	-46	- -	- -	-47	- -	- -	-53	- -	-11	-129	-240	-13	-75