1. United States of America Stocks

  2. •

    Financial Services

  3. •

    Financial - Credit Services
Mastercard Incorporated

Mastercard Incorporated

M4I.DE
Mastercard IncorporatedDE flagDeutsche Börse
401.00
EUR
-14.50
- -
354.32BMarket Cap

Income Statement (USD)

APIChat
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
6,714
7,391
8,312
9,441
9,667
10,776
12,497
14,950
16,883
15,301
18,884
22,237
25,098
28,167
32,791
+ Sales & Services Revenue
6,714
7,391
8,312
9,441
9,667
10,776
12,497
14,950
16,883
15,301
18,884
22,237
25,098
28,167
32,791
- Cost of Revenue
1,453
1,565
1,739
2,064
2,105
2,225
2,687
3,214
3,537
3,787
4,489
5,263
6,022
6,673
7,251
+ Cost of Goods & Services
1,453
1,565
1,739
2,064
2,105
2,225
2,687
3,214
3,537
3,787
4,489
5,263
6,022
6,673
7,251
Gross Profit
5,261
5,826
6,573
7,377
7,562
8,551
9,810
11,736
13,346
11,514
14,395
16,974
19,076
21,494
25,540
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
1,791
1,842
1,973
2,301
2,505
2,639
3,067
3,362
3,650
3,351
4,168
4,252
4,446
5,167
6,026
+ Selling, General & Admin
1,597
1,612
1,715
1,980
2,139
2,266
2,631
2,903
3,128
2,771
3,442
3,502
3,647
4,270
4,883
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
194
230
258
321
366
373
436
459
522
580
726
750
799
897
1,143
Operating Income (Loss)
3,470
3,984
4,600
5,076
5,057
5,912
6,743
8,374
9,696
8,163
10,227
12,722
14,630
16,327
19,514
- Non-Operating (Income) Loss
722
51
100
-3
99
266
221
1,170
-35
403
-80
990
991
1,073
936
+ Interest Expense, Net
-19
-16
-19
22
61
95
154
186
224
380
431
471
575
646
722
+ Interest Expense
25
20
14
48
61
95
154
186
224
380
431
471
575
646
722
- Interest Income
44
36
33
26
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Op (Income) Loss
741
67
119
-25
38
171
67
984
-259
23
-511
519
416
427
214
Pretax Income
2,748
3,933
4,500
5,079
4,958
5,646
6,522
7,204
9,731
7,760
10,307
11,732
13,639
15,254
18,578
- Income Tax Expense (Benefit)
842
1,174
1,384
1,462
1,150
1,587
2,607
1,345
1,613
1,349
1,620
1,802
2,444
2,380
3,610
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
1,906
2,759
3,116
3,617
3,808
4,059
3,915
5,859
8,118
6,411
8,687
9,930
11,195
12,874
14,968
- Net Extraordinary Losses (Gains)
-2
-1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Discontinued Operations
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
-2
-1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) Incl. MI
1,908
2,760
3,116
3,617
3,808
4,059
3,915
5,859
8,118
6,411
8,687
9,930
11,195
12,874
14,968
- Minority Interest
2
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
1,906
2,759
3,116
3,617
3,808
4,059
3,915
5,859
8,118
6,411
8,687
9,930
11,195
12,874
14,968
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
1,906
2,759
3,116
3,617
3,808
4,059
3,915
5,859
8,118
6,411
8,687
9,930
11,195
12,874
14,968
EBIT
3,470
3,984
4,600
5,076
5,057
5,912
6,743
8,374
9,696
8,163
10,227
12,722
14,630
16,327
19,514
EBITDA
3,664
4,214
4,858
5,397
5,423
6,285
7,180
8,833
10,218
8,743
10,953
13,472
15,429
17,224
20,657
EBITDA Margin (%)
54.57
57.02
58.45
57.17
56.1
58.32
57.45
59.08
60.52
57.14
58
60.58
61.48
61.15
63
EBITA
3,470
3,984
4,600
5,076
5,057
5,912
6,743
8,374
9,696
8,163
10,227
12,722
14,630
16,327
19,514
Gross Margin (%)
78.36
78.83
79.08
78.14
78.22
79.35
78.5
78.5
79.05
75.25
76.23
76.33
76.01
76.31
77.89
Operating Margin (%)
51.68
53.9
55.34
53.77
52.31
54.86
53.96
56.01
57.43
53.35
54.16
57.21
58.29
57.96
59.51
Profit Margin (%)
28.39
37.33
37.49
38.31
39.39
37.67
31.33
39.19
48.08
41.9
46
44.66
44.61
45.71
45.65
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.06
0.11
0.02
0.44
0.64
0.76
0.88
1
1.32
1.6
1.76
1.97
2.29
2.65
3.05
Depreciation Expense
194
230
258
321
366
373
437
459
522
580
726
750
799
897
1,143
Basic Weighted Avg Shares
1,280
1,250
12,110
1,165
1,134
1,098
1,067
1,041
1,017
1,002
988
968
944
925
905
Basic EPS, GAAP
1.49
2.21
0.26
3.1
3.36
3.7
3.67
5.63
7.98
6.4
8.79
10.26
11.86
13.92
16.54
Basic EPS from Cont Ops
1.49
2.21
0.26
3.1
3.36
3.7
3.67
5.63
7.98
6.4
8.79
10.26
11.86
13.92
16.54
Diluted Weighted Avg Shares
1,280
1,260
12,150
1,169
1,137
1,101
1,072
1,047
1,022
1,006
992
971
946
927
906
Diluted EPS, GAAP
1.49
2.19
0.26
3.09
3.35
3.69
3.65
5.6
7.94
6.37
8.76
10.23
11.83
13.89
16.52
Diluted EPS from Cont Ops
1.49
2.19
0.26
3.09
3.35
3.69
3.65
5.6
7.94
6.37
8.76
10.23
11.83
13.89
16.52

Balance Sheet (USD)

APIChat
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
7,741
9,357
10,950
10,997
10,984
13,228
13,797
16,171
16,902
19,113
16,949
16,606
18,961
19,724
23,558
+ Cash, Cash Equivalents & STI
4,949
5,003
6,295
6,375
6,738
8,335
7,782
8,378
7,676
10,596
7,894
7,408
9,180
8,772
10,898
+ Cash & Cash Equivalents
3,734
2,052
3,599
5,137
5,747
6,721
5,933
6,682
6,988
10,113
7,421
7,008
8,588
8,442
10,566
+ ST Investments
1,215
2,951
2,696
1,238
991
1,614
1,849
1,696
688
483
473
400
592
330
332
+ Accounts & Notes Receiv
1,444
2,042
2,317
2,161
2,147
2,509
3,344
4,728
5,509
4,352
3,006
3,425
4,060
3,773
4,609
+ Accounts Receivable, Net
808
925
966
1,109
1,079
1,416
1,969
2,276
2,514
2,646
3,006
3,425
4,060
3,773
4,609
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
636
1,117
1,351
1,052
1,068
1,093
1,375
2,452
2,995
1,706
- -
- -
- -
- -
- -
+ Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
1,348
2,312
2,338
2,461
2,099
2,384
2,671
3,065
3,717
4,165
6,049
5,773
5,721
7,179
8,051
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
2,952
3,105
3,292
4,332
5,266
5,447
7,532
8,689
12,334
14,471
20,720
22,118
23,487
28,357
30,599
+ Property, Plant & Equip, Net
449
472
526
615
675
733
829
921
1,828
1,902
1,907
2,006
2,061
2,138
2,303
+ Property, Plant & Equip
819
858
920
1,052
1,166
1,336
1,543
1,768
2,928
3,292
3,521
3,910
4,298
4,531
5,059
- Accumulated Depreciation
370
386
394
437
491
603
714
847
1,100
1,390
1,614
1,904
2,237
2,393
2,756
+ LT Investments & Receivables
266
281
229
245
166
132
249
337
914
1,172
1,834
1,730
1,729
1,607
1,705
+ LT Investments
266
281
229
245
166
132
249
337
914
1,172
1,834
1,730
1,729
1,607
1,705
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
2,237
2,352
2,537
3,472
4,425
4,582
6,454
7,431
9,592
11,397
16,979
18,382
19,697
24,612
26,591
+ Total Intangible Assets
1,679
1,764
1,794
2,236
2,694
2,478
4,155
3,895
5,438
6,713
11,333
11,381
11,746
14,646
15,114
+ Goodwill
1,014
1,092
1,122
1,522
1,891
1,756
3,035
2,904
4,021
4,960
7,662
7,522
7,660
9,193
9,560
+ Other Intangible Assets
665
672
672
714
803
722
1,120
991
1,417
1,753
3,671
3,859
4,086
5,453
5,554
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
558
588
743
1,236
1,731
2,104
2,299
3,536
4,154
4,684
5,646
7,001
7,951
9,966
11,477
Total Assets
10,693
12,462
14,242
15,329
16,250
18,675
21,329
24,860
29,236
33,584
37,669
38,724
42,448
48,081
54,157
+ Payables & Accruals
3,439
3,895
4,758
4,771
4,810
5,595
6,916
9,064
9,606
6,799
8,220
9,821
10,074
12,252
15,071
+ Accounts Payable
360
357
338
419
472
609
933
537
489
527
738
926
834
929
999
+ Accrued Taxes
82
94
95
105
143
161
194
158
332
208
337
279
486
454
914
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
2,997
3,444
4,325
4,247
4,195
4,825
5,789
8,369
8,785
6,064
7,145
8,616
8,754
10,869
13,158
+ ST Debt
- -
- -
- -
- -
- -
- -
- -
500
- -
649
792
274
1,337
750
749
+ ST Borrowings
- -
- -
- -
- -
- -
- -
- -
500
- -
649
792
274
1,337
750
749
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Liabilities
778
1,011
1,274
1,451
1,459
1,611
1,877
2,029
2,298
4,399
4,150
4,076
4,853
6,218
6,942
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
778
1,011
1,274
1,451
1,459
1,611
1,877
2,029
2,298
4,399
4,150
4,076
4,853
6,218
6,942
Total Current Liabilities
4,217
4,906
6,032
6,222
6,269
7,206
8,793
11,593
11,904
11,847
13,162
14,171
16,264
19,220
22,762
+ LT Debt
- -
- -
- -
1,494
3,268
5,180
5,424
5,834
8,527
12,023
13,109
13,749
14,344
17,476
18,251
+ LT Borrowings
- -
- -
- -
1,494
3,268
5,180
5,424
5,834
8,527
12,023
13,109
13,749
14,344
17,476
18,251
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Liabilities
599
627
715
789
651
605
1,544
1,944
2,814
3,197
3,986
4,427
4,843
4,870
5,398
+ Accrued Liabilities
113
104
117
115
79
81
106
67
85
86
395
393
369
317
307
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
486
523
598
674
572
524
1,438
1,877
2,729
3,111
3,591
4,034
4,474
4,553
5,091
Total Noncurrent Liabilities
599
627
715
2,283
3,919
5,785
6,968
7,778
11,341
15,220
17,095
18,176
19,187
22,346
23,649
Total Liabilities
4,816
5,533
6,747
8,505
10,188
12,991
15,761
19,371
23,245
27,067
30,257
32,347
35,451
41,566
46,411
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
3,519
3,641
3,762
3,876
4,004
4,183
4,365
4,580
4,787
4,982
5,061
5,298
5,893
6,442
6,907
+ Common Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Additional Paid in Capital
3,519
3,641
3,762
3,876
4,004
4,183
4,365
4,580
4,787
4,982
5,061
5,298
5,893
6,442
6,907
- Treasury Stock
2,394
4,139
6,577
9,995
13,522
17,021
20,764
25,750
32,205
36,658
42,588
51,354
60,429
71,431
83,224
+ Retained Earnings
4,745
7,354
10,121
13,169
16,222
19,418
22,364
27,283
33,984
38,747
45,648
53,607
62,564
72,907
85,035
+ Other Equity
-2
61
178
-260
-676
-924
-497
-718
-673
-680
-809
-1,253
-1,099
-1,433
-981
Equity Before Minority Interest
5,868
6,917
7,484
6,790
6,028
5,656
5,468
5,395
5,893
6,391
7,312
6,298
6,929
6,485
7,737
+ Minority/Non Controlling Interest
9
12
11
34
34
28
100
94
98
126
100
79
68
30
9
Total Equity
5,877
6,929
7,495
6,824
6,062
5,684
5,568
5,489
5,991
6,517
7,412
6,377
6,997
6,515
7,746
Total Liabilities & Equity
10,693
12,462
14,242
15,329
16,250
18,675
21,329
24,860
29,236
33,584
37,669
38,724
42,448
48,081
54,157
Shares Outstanding
1,269
1,232
1,149
1,153
1,116
1,081
1,054
1,031
1,007
995
980
956
934
913
894
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Debt
-3,734
-2,052
-3,599
-3,643
-2,479
-1,541
-509
-348
1,539
2,559
6,480
7,015
7,093
9,784
8,434
Net Debt to Equity
-63.54
-29.61
-48.02
-53.39
-40.89
-27.11
-9.14
-6.34
25.69
39.27
87.43
110
101.37
150.18
108.88
Tangible Common Equity Ratio
46.57
48.28
45.8
35.04
24.85
19.79
8.23
7.6
2.32
-0.73
-14.89
-18.3
-15.47
-24.32
-18.87
Current Ratio
1.84
1.91
1.82
1.77
1.75
1.84
1.57
1.39
1.42
1.61
1.29
1.17
1.17
1.03
1.03
Cash Conversion Cycle
-106.12
-40.82
-31.42
-26.82
-35.94
-46.41
-55.3
-31.65
-1.16
12.58
3.19
-4.92
1.09
2.54
-1.88

Cash Flow Statement (USD)

APIChat
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
1,906
2,759
3,116
3,617
3,808
4,059
3,915
5,859
8,118
6,411
8,687
9,930
11,195
12,874
14,968
+ Depreciation & Amortization
194
230
258
321
366
373
437
459
522
580
726
750
799
897
1,143
+ Non-Cash Items
-123
812
614
637
747
970
1,489
1,218
1,241
1,383
966
1,419
1,929
2,049
2,979
+ Stock-Based Compensation
35
- -
63
-15
80
101
176
196
250
254
273
295
460
526
597
+ Deferred Income Taxes
-175
241
-119
-91
-16
-20
86
-244
-7
73
-69
-651
-236
-527
57
+ Asset Impairment Charge
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
17
571
670
743
683
889
1,227
1,266
998
1,056
762
1,775
1,705
2,050
2,325
+ Chg in Non-Cash Work Cap
707
-853
147
-1,168
-820
-765
-177
-1,313
-1,698
-1,150
-916
-904
-1,943
-1,040
-1,442
+ (Inc) Dec in Accts Receiv
-276
-806
-83
13
-133
-349
-734
-1,395
-448
-88
-484
-469
-717
21
-733
+ (Inc) Dec in Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ (Inc) Dec in Prepaid Assets
27
-573
-598
-1,316
-802
-1,073
-1,402
-1,769
-1,661
-1,552
-2,087
-2,175
-2,438
-3,225
-3,388
+ Inc (Dec) in Accts Payable
904
523
777
170
125
748
1,838
2,238
-45
-198
1,402
1,497
-32
1,704
1,554
+ Inc (Dec) in Other
52
3
51
-35
-10
-91
121
-387
456
688
253
243
1,244
460
1,125
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
2,684
2,948
4,135
3,407
4,101
4,637
5,664
6,223
8,183
7,224
9,463
11,195
11,980
14,780
17,648
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-177
-96
-155
-175
-177
-215
-300
-330
-422
-339
-407
-442
-371
-474
-489
+ Acq of Fixed Prod Assets
-77
-96
-155
-175
-177
-215
-300
-330
-422
-339
-407
-442
-371
-474
-489
+ Acq of Intangible Assets
-100
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
-1,148
-1,748
-2,443
-3,386
-3,518
-3,511
-3,762
-4,933
-6,497
-4,473
-5,904
-8,753
-9,032
-10,954
-11,727
+ Increase in Capital Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Decrease in Capital Stock
-1,148
-1,748
-2,443
-3,386
-3,518
-3,511
-3,762
-4,933
-6,497
-4,473
-5,904
-8,753
-9,032
-10,954
-11,727
+ Net Change in LT Investment
-125
-1,700
319
1,450
210
-783
-182
12
532
-185
-55
-57
-257
306
-149
+ Dec in LT Investment
848
1,281
2,845
3,835
2,102
1,072
1,824
1,912
1,857
622
856
537
479
964
719
+ Inc in LT Investment
-973
-2,981
-2,526
-2,385
-1,892
-1,855
-2,006
-1,900
-1,325
-807
-911
-594
-736
-658
-868
+ Net Cash From Acq & Div
-460
-70
- -
-525
-582
- -
-1,175
- -
-1,440
-989
-4,436
-313
- -
-2,511
- -
+ Cash from Divestitures
- -
- -
- -
- -
2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
-460
-70
- -
-525
-584
- -
-1,175
- -
-1,440
-989
-4,436
-313
- -
-2,511
- -
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
14
-973
-168
-60
-166
-165
-124
-188
-310
-366
-374
-658
-723
-723
-724
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-748
-2,839
-4
690
-715
-1,163
-1,781
-506
-1,640
-1,879
-5,272
-1,470
-1,351
-3,402
-1,362
+ Dividends Paid
-77
-132
-255
-515
-727
-837
-942
-1,044
-1,345
-1,605
-1,741
-1,903
-2,158
-2,448
-2,756
+ Net Cash From Debt
-21
- -
35
1,530
1,735
1,972
-64
991
2,224
3,959
1,374
399
1,554
2,624
492
+ Cash From Debt
- -
- -
35
1,530
1,735
1,972
- -
991
2,724
3,959
2,024
1,123
1,554
3,960
1,242
+ Repayments of Debt
-21
- -
- -
- -
- -
- -
-64
- -
-500
- -
-650
-724
- -
-1,336
-750
+ Other Financing Activities
31
82
34
32
-6
32
4
20
-249
-33
-284
-71
148
-58
-188
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-1,215
-1,798
-2,629
-2,339
-2,516
-2,344
-4,764
-4,966
-5,867
-2,152
-6,555
-10,328
-9,488
-10,836
-14,179
Effect of Foreign Exchange Rates
-54
7
45
-220
-260
-50
200
-6
-44
257
-153
-103
128
-199
333
Net Changes in Cash
721
-1,689
1,502
1,758
870
1,130
-881
751
676
3,193
-2,364
-603
1,141
542
2,107
EBITDA
3,664
4,214
4,858
5,397
5,423
6,285
7,180
8,833
10,218
8,743
10,953
13,472
15,429
17,224
20,657
EBITDA Margin (%)
54.57
57.02
58.45
57.17
56.1
58.32
57.45
59.08
60.52
57.14
58
60.58
61.48
61.15
63
Free Cash Flow
2,507
2,852
3,980
3,232
3,924
4,422
5,364
5,893
7,761
6,885
9,056
10,753
11,609
14,306
17,159
Net Cash Paid for Acquisitions
460
70
- -
525
582
- -
1,175
- -
1,440
989
4,436
313
- -
2,511
- -
Free Cash Flow to Firm
2,524
2,866
3,990
3,266
3,971
4,490
5,456
6,044
7,948
7,199
9,419
11,152
12,081
14,851
17,741
Free Cash Flow to Equity
2,586
2,852
4,015
4,762
5,659
6,394
5,300
6,884
9,985
10,844
10,430
11,152
13,163
16,930
17,651
Free Cash Flow per Basic Share
1.96
2.28
0.33
2.77
3.46
4.03
5.03
5.66
7.63
6.87
9.17
11.11
12.3
15.47
18.96
Price/Free Cash Flow
11.22
10.59
75.66
26.98
26.31
23.52
27.43
30.29
35.91
46.39
36.33
28.85
32.62
32
28.8
Cash Flow to Net Income
1.41
1.07
1.33
0.94
1.08
1.14
1.45
1.06
1.01
1.13
1.09
1.13
1.07
1.15
1.18
Capital Expenditures
-177
-96
-155
-175
-177
-215
-300
-330
-422
-339
-407
-442
-371
-474
-489