Live Nation Entertainment, Inc.

LYV

LYVLive Nation Entertainment, Inc. US flag

New York Stock Exchange

172.51

USD

+0.18

- -

40.15BMarket Cap

Income Statement (USD)

MCP 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
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	5,384	5,819	6,479	6,867	7,246	7,826	9,687	10,788	11,548	1,861	6,268	16,681	22,726	23,156	25,201
+ Sales & Services Revenue	5,384	5,819	6,479	6,867	7,246	7,826	9,687	10,788	11,548	1,861	6,268	16,681	22,726	23,156	25,201
- Cost of Revenue	3,789	4,151	4,681	4,920	5,196	5,639	7,182	7,968	8,467	1,402	4,356	12,348	17,291	17,381	18,763
+ Cost of Goods & Services	3,789	4,151	4,681	4,920	5,196	5,639	7,182	7,968	8,467	1,402	4,356	12,348	17,291	17,381	18,763
Gross Profit	1,595	1,668	1,798	1,947	2,049	2,187	2,505	2,820	3,081	459	1,912	4,334	5,436	5,775	6,438
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,567	1,687	1,690	1,809	1,917	1,992	2,415	2,537	2,758	2,111	2,323	3,644	4,365	4,961	5,205
+ Selling, General & Admin	1,112	1,144	1,227	1,337	1,412	1,548	1,908	1,997	2,145	1,524	1,746	2,956	3,517	4,044	4,092
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	455	543	463	472	505	444	507	540	613	587	577	688	848	918	1,114
Operating Income (Loss)	27	-19	108	138	132	195	90	283	322	-1,653	-410	690	1,071	813	1,233
- Non-Operating (Income) Loss	124	113	113	237	126	147	100	152	137	204	201	199	158	74	202
+ Interest Expense, Net	116	120	107	103	99	104	102	132	143	215	276	201	112	170	166
+ Interest Expense	120	124	112	106	103	107	108	141	158	227	282	278	350	326	316
- Interest Income	4	4	5	4	4	3	6	9	14	12	7	78	238	156	150
+ Other Non-Op (Income) Loss	8	-6	6	135	27	43	-2	20	-6	-11	-75	-1	45	-96	37
Pretax Income	-97	-132	-5	-100	6	48	-9	131	185	-1,857	-611	491	913	739	1,031
- Income Tax Expense (Benefit)	-26	30	31	5	22	28	-17	41	67	-29	-2	116	209	-392	340
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-70	-162	-36	-104	-16	20	8	90	118	-1,828	-609	375	704	1,131	691
- Net Extraordinary Losses (Gains)	25	3	15	-27	33	35	28	60	97	-207	84	216	294	470	390
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	25	3	15	-27	33	35	28	60	97	-207	84	216	294	470	390
Income (Loss) Incl. MI	-96	-165	-51	-77	-49	-14	-20	30	22	-1,621	-693	158	410	661	301
- Minority Interest	-13	-1	-7	14	-17	-17	-14	-30	-48	103	-42	-108	-147	-235	-195
Net Income, GAAP	-83	-163	-43	-91	-33	3	-6	60	70	-1,725	-651	266	557	896	496
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-83	-163	-43	-91	-33	3	-6	60	70	-1,725	-651	266	557	896	496
EBIT	27	-19	108	138	132	195	90	283	322	-1,653	-410	690	1,071	813	1,233
EBITDA	370	411	477	506	529	514	463	669	766	-1,168	6	1,140	1,588	1,363	1,872
EBITDA Margin (%)	6.88	7.06	7.36	7.37	7.31	6.56	4.78	6.21	6.64	-62.74	0.1	6.83	6.99	5.89	7.43
EBITA	27	-19	108	138	132	195	90	283	322	-1,653	-410	690	1,071	813	1,233
Gross Margin (%)	29.62	28.66	27.75	28.35	28.28	27.95	25.86	26.14	26.68	24.65	30.51	25.98	23.92	24.94	25.55
Operating Margin (%)	0.51	-0.32	1.66	2	1.82	2.49	0.93	2.62	2.79	-88.8	-6.54	4.14	4.71	3.51	4.89
Profit Margin (%)	-1.54	-2.81	-0.67	-1.32	-0.45	0.04	-0.06	0.56	0.61	-92.66	-10.38	1.6	2.45	3.87	1.97
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	343	430	369	368	397	319	372	387	444	485	416	450	517	550	639
Basic Weighted Avg Shares	182	187	194	199	201	202	205	207	210	212	217	225	229	230	232
Basic EPS, GAAP	-0.46	-0.87	-0.22	-0.46	-0.16	0.01	-0.03	0.29	0.33	-8.12	-3	1.19	2.44	3.89	2.14
Basic EPS from Cont Ops	-0.39	-0.87	-0.19	-0.53	-0.08	0.1	0.04	0.44	0.56	-8.61	-2.8	1.67	3.08	4.92	2.98
Diluted Weighted Avg Shares	182	187	194	199	201	202	205	207	210	212	217	232	231	236	232
Diluted EPS, GAAP	-0.46	-0.87	-0.22	-0.46	-0.16	0.01	-0.03	0.29	0.33	-8.12	-3	1.15	2.41	3.79	2.14
Diluted EPS from Cont Ops	-0.39	-0.87	-0.19	-0.53	-0.08	0.1	0.04	0.44	0.56	-8.61	-2.8	1.62	3.05	4.79	2.98

Balance Sheet (USD)

MCP 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
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	1,577	1,813	2,160	2,268	2,288	2,674	3,153	3,848	4,193	3,650	6,684	8,160	9,533	9,290	10,974
+ Cash, Cash Equivalents & STI	844	1,001	1,299	1,382	1,303	1,527	1,825	2,372	2,470	2,538	4,885	5,606	6,232	6,095	7,094
+ Cash & Cash Equivalents	844	1,001	1,299	1,382	1,303	1,527	1,825	2,372	2,470	2,538	4,885	5,606	6,232	6,095	7,094
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	389	416	439	419	453	569	747	845	1,029	501	1,086	1,500	2,068	1,779	2,082
+ Accounts Receivable, Net	389	416	439	419	453	569	725	829	995	487	1,067	1,465	2,025	1,747	2,009
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	21	15	35	15	19	34	44	32	73
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	13	12	12	13	14	15	17	13	16	22	34	39	45	50	57
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	13	12	12	13	14	15	17	13	16	22	34	39	45	50	57
+ Other ST Assets	330	384	409	454	518	563	563	619	677	589	680	1,015	1,188	1,365	1,742
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3,501	3,478	3,523	3,701	3,868	4,091	4,352	4,649	6,783	6,940	7,718	8,301	9,496	10,349	11,938
+ Property, Plant & Equip, Net	720	722	707	695	731	752	886	947	2,520	2,526	2,631	3,059	3,708	4,060	5,286
+ Property, Plant & Equip	1,346	1,449	1,503	1,551	1,626	1,745	2,014	2,217	3,941	4,128	4,359	4,911	5,502	5,956	7,342
- Accumulated Depreciation	626	727	796	855	895	994	1,128	1,270	1,421	1,602	1,728	1,852	1,794	1,896	2,057
+ LT Investments & Receivables	56	46	40	127	82	82	105	137	168	170	294	409	447	504	516
+ LT Investments	56	46	40	127	82	82	105	137	168	170	294	409	447	504	516
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2,725	2,710	2,777	2,878	3,055	3,257	3,360	3,565	4,095	4,243	4,794	4,833	5,341	5,785	6,137
+ Total Intangible Assets	2,509	2,460	2,520	2,531	2,751	2,928	2,853	2,853	3,238	3,354	3,986	3,949	4,230	3,987	4,337
+ Goodwill	1,258	1,358	1,467	1,479	1,604	1,747	1,755	1,823	1,998	2,129	2,591	2,529	2,691	2,621	2,889
+ Other Intangible Assets	1,251	1,102	1,053	1,052	1,147	1,181	1,098	1,030	1,239	1,225	1,395	1,419	1,539	1,366	1,447
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	216	250	257	347	303	329	507	712	858	890	808	885	1,111	1,797	1,800
Total Assets	5,077	5,291	5,684	5,968	6,156	6,764	7,504	8,497	10,976	10,589	14,402	16,461	19,030	19,639	22,913
+ Payables & Accruals	1,027	1,155	1,283	1,268	1,251	1,371	1,910	2,108	2,221	1,635	3,002	3,800	4,635	4,647	4,878
+ Accounts Payable	562	661	768	732	722	782	1,034	1,127	1,106	830	1,643	1,971	2,134	2,103	2,195
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	466	494	516	536	530	589	876	980	1,115	804	1,359	1,828	2,501	2,545	2,683
+ ST Debt	53	62	278	47	42	53	348	82	160	161	709	760	1,293	414	755
+ ST Borrowings	53	62	278	47	42	53	348	82	38	53	585	620	1,134	261	588
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	122	107	124	140	158	153	168
+ Other ST Liabilities	413	551	694	695	808	1,036	1,319	1,560	1,727	2,001	3,145	3,744	4,056	4,297	5,396
+ Deferred Revenue	274	402	486	543	619	805	925	1,228	1,391	1,839	2,775	3,135	3,398	3,721	4,462
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	139	149	207	152	189	231	394	332	336	162	370	609	658	575	934
Total Current Liabilities	1,493	1,768	2,256	2,011	2,101	2,460	3,577	3,750	4,108	3,797	6,856	8,303	9,984	9,358	11,029
+ LT Debt	1,653	1,678	1,530	1,996	2,003	2,260	1,952	2,733	4,646	6,301	6,752	6,938	7,145	7,857	9,649
+ LT Borrowings	1,653	1,678	1,530	1,996	2,003	2,260	1,952	2,733	3,271	4,855	5,145	5,283	5,459	6,177	7,612
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1,374	1,446	1,606	1,655	1,686	1,680	2,037
+ Other LT Liabilities	307	294	247	309	342	348	312	342	309	353	432	456	488	478	416
+ Accrued Liabilities	205	207	171	226	250	250	189	195	281	286	366	418	414	281	186
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	102	87	76	83	92	98	123	147	28	67	65	38	74	197	230
Total Noncurrent Liabilities	1,960	1,972	1,777	2,305	2,344	2,607	2,264	3,075	4,955	6,654	7,183	7,394	7,633	8,335	10,065
Total Liabilities	3,452	3,740	4,033	4,316	4,446	5,068	5,841	6,825	9,062	10,451	14,039	15,697	17,618	17,693	21,094
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	2,245	2,275	2,370	2,416	2,431	2,383	2,376	2,270	2,248	2,389	2,900	2,701	2,370	2,062	1,458
+ Common Stock	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
+ Additional Paid in Capital	2,244	2,273	2,368	2,414	2,429	2,381	2,374	2,268	2,246	2,387	2,898	2,698	2,368	2,060	1,456
- Treasury Stock	3	- -	7	7	7	7	7	7	7	7	7	7	7	7	30
+ Retained Earnings	-745	-908	-952	-1,043	-1,075	-1,073	-1,079	-1,019	-949	-2,677	-3,328	-2,971	-2,443	-1,547	-1,042
+ Other Equity	-36	-11	-2	-70	-112	-177	-109	-145	-146	-177	-148	-90	27	-335	-115
Equity Before Minority Interest	1,461	1,355	1,409	1,297	1,237	1,126	1,181	1,099	1,146	-472	-583	-368	-52	173	271
+ Minority/Non Controlling Interest	164	195	242	356	474	571	482	573	768	610	946	1,131	1,464	1,772	1,548
Total Equity	1,625	1,551	1,651	1,653	1,711	1,697	1,663	1,672	1,913	139	363	764	1,412	1,945	1,819
Total Liabilities & Equity	5,077	5,291	5,684	5,968	6,156	6,764	7,504	8,497	10,976	10,589	14,402	16,461	19,030	19,639	22,913
Shares Outstanding	190	191	200	201	202	204	208	210	214	218	225	231	233	234	235
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	1,496	1,553	1,730	1,795	1,845	1,834	2,205
Net Debt	861	739	510	661	742	786	475	443	839	2,371	846	297	362	343	1,105
Net Debt to Equity	52.98	47.65	30.88	40.02	43.37	46.36	28.54	26.52	43.83	1,709.28	232.76	38.9	25.61	17.61	60.78
Tangible Common Equity Ratio	-34.39	-32.11	-27.49	-25.56	-30.57	-32.1	-25.58	-20.93	-17.11	-44.44	-34.78	-25.46	-19.04	-13.05	-13.55
Current Ratio	1.06	1.03	0.96	1.13	1.09	1.09	0.88	1.03	1.02	0.96	0.97	0.98	0.95	0.99	1
Cash Conversion Cycle	-27.83	-27.4	-30.66	-31.88	-28.13	-23.86	-20.92	-22.56	-18.68	-100.75	-55.78	-24.62	-14.4	-13.75	-13.54

Cash Flow Statement (USD)

MCP 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
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	-70	-162	-36	-104	-16	20	8	90	118	-1,828	-609	375	704	1,131	691
+ Depreciation & Amortization	343	430	369	368	397	319	372	387	444	485	416	450	517	550	639
+ Non-Cash Items	11	42	47	155	60	176	114	198	195	180	199	335	280	-607	353
+ Stock-Based Compensation	50	37	28	39	33	33	43	46	49	117	209	110	116	110	155
+ Deferred Income Taxes	-46	-11	-16	-18	-10	-8	-72	-6	- -	-38	-10	7	-44	-709	-21
+ Asset Impairment Charge	- -	- -	- -	135	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	6	16	35	-1	36	152	143	159	147	101	-1	218	208	-9	219
+ Chg in Non-Cash Work Cap	-148	57	51	-127	-134	83	130	266	-288	79	1,774	675	-137	651	-288
+ (Inc) Dec in Accts Receiv	-80	-20	34	-14	-67	-146	-133	-135	-160	491	-485	-445	-526	181	-148
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	73	-89	-20	-232	-123	-128	-239	-266	-170	142	96	-268	-203	-22	-343
+ Inc (Dec) in Accts Payable	7	64	91	46	3	194	474	323	-46	-1,379	1,316	1,028	450	14	-138
+ Inc (Dec) in Other	-148	102	-54	74	53	164	27	345	88	827	848	360	141	478	342
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	136	367	431	292	308	599	624	942	470	-1,083	1,781	1,835	1,363	1,725	1,395
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-110	-138	-135	-143	-155	-180	-249	-275	-366	-223	-160	-353	-475	-675	-1,090
+ Acq of Fixed Prod Assets	-108	-124	-135	-140	-142	-174	-238	-240	-324	-214	-153	-347	-439	-667	-1,083
+ Acq of Intangible Assets	-3	-15	-1	-3	-12	-6	-11	-36	-42	-9	-7	-6	-37	-9	-8
+ Cash (Repurchase) of Equity	76	- -	- -	- -	- -	- -	- -	- -	- -	- -	450	- -	- -	- -	-24
+ Increase in Capital Stock	76	- -	- -	- -	- -	- -	- -	- -	- -	- -	450	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-24
+ Net Change in LT Investment	-16	- -	-10	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	-16	- -	-10	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-55	-79	-103	-230	-112	-241	-73	-167	-291	-33	-404	-345	-71	-124	-120
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	1	19	90	4	2	20	- -
+ Cash for Acq of Subs	-55	-79	-103	-230	-112	-241	-73	-167	-292	-52	-495	-348	-72	-144	-120
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	22	14	91	-19	-24	-6	-5	-55	-34	32	-3	-87	-150	-55	-16
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-152	-204	-158	-392	-291	-426	-328	-497	-691	-224	-567	-785	-696	-854	-1,226
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-33	13	17	262	-6	238	-50	458	500	1,576	794	76	330	-288	1,665
+ Cash From Debt	-1	538	903	515	57	844	61	859	937	1,607	904	122	1,061	1,672	3,714
+ Repayments of Debt	-32	-525	-887	-254	-64	-607	-111	-400	-437	-31	-110	-46	-731	-1,960	-2,049
+ Other Financing Activities	-88	-33	16	-36	-38	-138	-77	-269	-171	-226	-72	-220	-418	-371	-1,235
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-44	-20	33	226	-44	99	-127	189	329	1,350	1,171	-143	-87	-659	407
Effect of Foreign Exchange Rates	12	13	-9	-43	-52	-47	130	-84	-12	30	-44	-175	39	-345	426
Net Changes in Cash	-61	143	307	126	-27	271	169	633	108	43	2,385	907	580	212	575
EBITDA	370	411	477	506	529	514	463	669	766	-1,168	6	1,140	1,588	1,363	1,872
EBITDA Margin (%)	6.88	7.06	7.36	7.37	7.31	6.56	4.78	6.21	6.64	-62.74	0.1	6.83	6.99	5.89	7.43
Free Cash Flow	26	229	296	149	153	419	374	666	104	-1,306	1,621	1,482	888	1,050	305
Net Cash Paid for Acquisitions	55	79	103	230	112	241	73	167	291	33	404	345	71	124	120
Free Cash Flow to Firm	- -	- -	- -	- -	-102	463	- -	763	205	- -	- -	1,694	1,158	- -	517
Free Cash Flow to Equity	3	256	313	414	159	663	335	1,160	646	279	2,422	1,564	1,255	771	1,978
Free Cash Flow per Basic Share	0.14	1.22	1.53	0.75	0.76	2.07	1.83	3.21	0.49	-6.15	7.46	6.59	3.88	4.56	1.32
Price/Free Cash Flow	6.17	3.44	6.76	11.93	10.67	6.9	9.99	8.39	17.97	-18.12	13.4	7.38	11.76	12.75	13.29
Cash Flow to Net Income	-1.63	-2.25	-9.94	-3.22	-9.47	203.51	-103.66	15.63	6.72	0.63	-2.74	6.89	2.45	1.92	2.81
Capital Expenditures	-110	-138	-135	-143	-155	-180	-249	-275	-366	-223	-160	-353	-475	-675	-1,090