1. United States of America Stocks

  2. •

    Consumer Cyclical

  3. •

    Restaurants
McDonald's Corporation

McDonald's Corporation

MCD
McDonald's CorporationUS flagNew York Stock Exchange
276.36
USD
+0.25
- -
196.36BMarket 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
27,006
27,567
28,106
27,441
25,413
24,622
22,820
21,258
21,364
19,208
23,223
23,182
25,495
25,920
26,885
+ Sales & Services Revenue
27,006
27,567
28,106
27,441
25,413
24,622
22,820
21,258
21,364
19,208
23,223
23,182
25,495
25,920
26,885
- Cost of Revenue
16,319
16,751
17,203
16,986
15,624
14,417
12,200
10,425
10,185
9,456
10,643
9,975
10,931
11,210
11,451
+ Cost of Goods & Services
16,319
16,751
17,203
16,986
15,624
14,417
12,200
10,425
10,185
9,456
10,643
9,975
10,931
11,210
11,451
Gross Profit
10,687
10,816
10,903
10,456
9,789
10,205
10,621
10,833
11,179
9,752
12,580
13,207
14,564
14,710
15,434
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
2,394
2,455
2,386
2,488
2,434
2,384
2,231
2,200
2,229
2,546
2,708
2,862
2,817
2,859
3,040
+ Selling, General & Admin
2,394
2,455
2,386
2,488
2,434
2,384
2,231
1,985
1,967
2,245
2,378
2,492
2,435
2,412
2,583
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
- -
- -
- -
- -
- -
- -
- -
215
262
301
330
370
382
447
457
Operating Income (Loss)
8,293
8,361
8,517
7,968
7,355
7,820
8,390
8,632
8,950
7,206
9,873
10,345
11,747
11,851
12,394
- Non-Operating (Income) Loss
281
282
313
596
799
954
-184
816
932
1,066
745
2,520
1,225
1,506
1,497
+ Interest Expense, Net
454
489
513
556
629
881
914
977
1,085
1,200
1,177
1,163
1,174
1,403
1,500
+ Interest Expense
493
517
528
576
638
885
921
981
1,122
1,218
1,186
1,207
1,361
1,506
1,582
- Interest Income
39
28
15
20
9
4
7
4
37
18
9
44
187
103
82
+ Other Non-Op (Income) Loss
-173
-206
-200
39
170
73
-1,098
-161
-153
-134
-432
1,357
51
103
-3
Pretax Income
8,012
8,079
8,204
7,372
6,556
6,866
8,574
7,816
8,018
6,141
9,128
7,825
10,522
10,345
10,897
- Income Tax Expense (Benefit)
2,509
2,614
2,619
2,614
2,026
2,180
3,381
1,892
1,993
1,410
1,583
1,648
2,053
2,121
2,334
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
5,503
5,465
5,586
4,758
4,529
4,686
5,192
5,924
6,025
4,730
7,545
6,177
8,469
8,224
8,563
- Net Extraordinary Losses (Gains)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
+ Discontinued Operations
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
Income (Loss) Incl. MI
5,503
5,465
5,586
4,758
4,529
4,686
5,192
5,924
6,025
4,730
7,545
6,177
8,469
8,223
8,563
- Minority Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
5,503
5,465
5,586
4,758
4,529
4,686
5,192
5,924
6,025
4,730
7,545
6,177
8,469
8,223
8,563
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
5,503
5,465
5,586
4,758
4,529
4,686
5,192
5,924
6,025
4,730
7,545
6,177
8,469
8,223
8,563
EBIT
8,293
8,361
8,517
7,968
7,355
7,820
8,390
8,632
8,950
7,206
9,873
10,345
11,747
11,851
12,394
EBITDA
9,708
9,850
10,102
9,612
8,911
9,337
9,753
10,114
10,568
8,958
11,741
12,216
13,725
13,948
14,593
EBITDA Margin (%)
35.95
35.73
35.94
35.03
35.06
37.92
42.74
47.58
49.46
46.64
50.56
52.7
53.83
53.81
54.28
EBITA
8,293
8,361
8,517
7,968
7,355
7,820
8,390
8,632
8,950
7,206
9,873
10,345
11,747
11,851
12,394
Gross Margin (%)
39.57
39.24
38.79
38.1
38.52
41.45
46.54
50.96
52.33
50.77
54.17
56.97
57.12
56.75
57.41
Operating Margin (%)
30.71
30.33
30.3
29.04
28.94
31.76
36.76
40.61
41.89
37.52
42.51
44.63
46.08
45.72
46.1
Profit Margin (%)
20.38
19.82
19.87
17.34
17.82
19.03
22.75
27.87
28.2
24.63
32.49
26.65
33.22
31.72
31.85
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.56
2.89
3.14
3.34
3.56
3.74
3.89
4.24
4.8
5.03
5.26
5.7
6.27
6.81
7.17
Depreciation Expense
1,415
1,488
1,585
1,644
1,556
1,516
1,363
1,482
1,618
1,751
1,868
1,871
1,978
2,097
2,199
Basic Weighted Avg Shares
1,021
1,003
990
963
907
819
794
767
746
745
745
731
723
715
713
Basic EPS, GAAP
5.39
5.45
5.64
4.94
4.99
5.73
6.54
7.72
8.07
6.35
10.13
8.45
11.72
11.5
12
Basic EPS from Cont Ops
5.39
5.45
5.64
4.94
4.99
5.73
6.54
7.72
8.07
6.35
10.13
8.45
11.72
11.5
12
Diluted Weighted Avg Shares
1,045
1,020
1,006
986
945
861
816
786
765
750
752
741
732
722
716
Diluted EPS, GAAP
5.27
5.36
5.55
4.82
4.79
5.44
6.37
7.54
7.88
6.31
10.04
8.33
11.56
11.39
11.95
Diluted EPS from Cont Ops
5.27
5.36
5.55
4.82
4.79
5.44
6.37
7.54
7.88
6.31
10.04
8.33
11.56
11.39
11.95

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
4,403
4,922
5,050
4,186
9,643
4,849
5,327
4,053
3,558
6,243
7,148
5,424
7,986
4,599
4,163
+ Cash, Cash Equivalents & STI
2,336
2,336
2,799
2,078
7,686
1,223
2,464
866
898
3,449
4,709
2,584
4,579
1,085
774
+ Cash & Cash Equivalents
2,336
2,336
2,799
2,078
7,686
1,223
2,464
866
898
3,449
4,709
2,584
4,579
1,085
774
+ ST Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Accounts & Notes Receiv
1,335
1,375
1,320
1,214
1,299
1,474
1,976
2,442
2,224
2,110
1,872
2,115
2,488
2,383
2,466
+ Accounts Receivable, Net
1,335
1,375
1,320
1,214
1,299
1,474
1,976
2,442
2,224
2,110
1,872
2,115
2,488
2,383
2,466
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventories
117
122
124
110
100
59
59
51
50
51
56
52
53
56
61
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
117
122
124
110
100
59
59
51
50
51
56
52
53
56
61
+ Other ST Assets
616
1,089
808
783
559
2,092
828
695
385
633
511
673
866
1,075
862
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
28,587
30,464
31,576
30,042
28,296
26,175
28,476
28,758
43,953
46,384
46,706
45,011
48,159
50,584
55,352
+ Property, Plant & Equip, Net
22,834
24,677
25,747
24,558
23,118
21,258
22,448
22,843
37,421
38,786
38,273
36,339
38,421
38,634
42,847
+ Property, Plant & Equip
35,738
38,491
40,356
39,126
37,692
34,443
36,626
37,194
52,312
55,304
55,469
53,603
57,083
57,516
63,896
- Accumulated Depreciation
12,903
13,814
14,608
14,569
14,575
13,186
14,178
14,351
14,891
16,518
17,196
17,264
18,662
18,882
21,049
+ LT Investments & Receivables
1,427
1,380
1,209
1,004
793
726
1,086
1,203
1,270
1,297
1,201
1,064
1,080
2,710
2,820
+ LT Investments
1,427
1,380
1,209
1,004
793
726
1,086
1,203
1,270
1,297
1,201
1,064
1,080
2,710
2,820
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
4,325
4,407
4,620
4,480
4,385
4,192
4,942
4,712
5,261
6,300
7,232
7,608
8,658
9,240
9,685
+ Total Intangible Assets
2,653
2,804
2,873
2,735
2,516
2,336
2,380
2,332
2,677
2,773
2,782
2,900
3,040
3,145
3,354
+ Goodwill
2,653
2,804
2,873
2,735
2,516
2,336
2,380
2,332
2,677
2,773
2,782
2,900
3,040
3,145
3,354
+ Other Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
1,672
1,603
1,747
1,745
1,869
1,855
2,563
2,381
2,584
3,527
4,450
4,707
5,618
6,095
6,331
Total Assets
32,990
35,386
36,626
34,227
37,939
31,024
33,804
32,811
47,511
52,627
53,854
50,436
56,147
55,182
59,515
+ Payables & Accruals
3,143
3,403
3,170
2,748
2,950
2,696
2,891
2,974
2,941
3,236
3,314
3,141
3,979
3,225
3,667
+ Accounts Payable
961
1,142
1,086
860
875
756
925
1,208
988
741
1,007
980
1,103
1,029
1,149
+ Accrued Taxes
600
669
599
497
464
534
541
482
579
968
597
530
973
585
497
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
1,581
1,592
1,485
1,391
1,612
1,407
1,425
1,284
1,374
1,527
1,710
1,631
1,903
1,611
2,021
+ ST Debt
367
- -
- -
- -
- -
77
- -
- -
680
2,945
706
661
2,880
636
694
+ ST Borrowings
367
- -
- -
- -
- -
77
- -
- -
59
2,244
- -
- -
2,192
- -
- -
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
621
702
706
661
688
636
694
+ Other ST Liabilities
- -
- -
- -
- -
- -
695
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
- -
- -
- -
- -
- -
695
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Current Liabilities
3,509
3,403
3,170
2,748
2,950
3,468
2,891
2,974
3,621
6,181
4,020
3,802
6,859
3,861
4,361
+ LT Debt
12,134
13,632
14,130
14,936
24,122
25,878
29,536
31,075
46,876
48,518
48,644
48,038
50,211
51,312
54,120
+ LT Borrowings
12,134
13,632
14,130
14,936
24,122
25,878
29,536
31,075
34,118
35,197
35,623
35,904
37,153
38,424
39,973
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
12,758
13,321
13,021
12,134
13,058
12,888
14,147
+ Other LT Liabilities
2,957
3,057
3,317
3,690
3,778
3,881
4,645
5,021
5,224
5,752
5,792
4,599
3,784
3,806
2,825
+ Accrued Liabilities
1,344
1,531
1,648
1,624
1,704
1,817
1,119
1,843
1,979
2,728
2,814
2,755
2,471
2,692
1,983
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
1,613
1,526
1,669
2,066
2,074
2,064
3,525
3,178
3,246
3,025
2,978
1,844
1,313
1,114
842
Total Noncurrent Liabilities
15,090
16,690
17,447
18,626
27,900
29,760
34,181
36,096
52,100
54,270
54,435
52,637
53,995
55,118
56,945
Total Liabilities
18,600
20,093
20,617
21,374
30,851
33,228
37,072
39,070
55,721
60,452
58,455
56,439
60,854
58,979
61,306
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
5,504
5,796
6,011
6,256
6,550
6,774
7,089
7,393
7,670
7,920
8,248
8,564
8,910
9,298
9,658
+ Common Stock
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
+ Additional Paid in Capital
5,487
5,779
5,994
6,239
6,533
6,758
7,072
7,376
7,654
7,904
8,232
8,547
8,893
9,281
9,641
- Treasury Stock
28,271
30,576
32,180
35,177
41,177
52,109
56,504
61,528
66,329
67,066
67,810
71,624
74,640
77,375
79,316
+ Retained Earnings
36,708
39,278
41,751
43,294
44,594
46,223
48,326
50,487
52,930
53,908
57,535
59,544
63,480
66,834
70,282
+ Other Equity
450
796
428
-1,520
-2,880
-3,093
-2,178
-2,610
-2,483
-2,587
-2,574
-2,487
-2,456
-2,553
-2,414
Equity Before Minority Interest
14,390
15,294
16,010
12,853
7,088
-2,204
-3,268
-6,258
-8,210
-7,825
-4,601
-6,003
-4,707
-3,797
-1,791
+ Minority/Non Controlling Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
14,390
15,294
16,010
12,853
7,088
-2,204
-3,268
-6,258
-8,210
-7,825
-4,601
-6,003
-4,707
-3,797
-1,791
Total Liabilities & Equity
32,990
35,386
36,626
34,227
37,939
31,024
33,804
32,811
47,511
52,627
53,854
50,436
56,147
55,182
59,515
Shares Outstanding
1,021
1,003
990
963
907
819
794
767
746
745
745
731
723
715
711
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
13,379
14,023
13,726
12,796
13,746
13,524
14,841
Net Debt
10,165
11,296
11,331
12,858
16,437
24,732
27,073
30,209
33,279
33,991
30,914
33,320
34,766
37,339
39,199
Net Debt to Equity
70.64
73.86
70.78
100.03
231.9
-1,122
-828.41
-482.7
-405.33
-434.4
-671.89
-555.01
-738.6
-983.38
-2,188.67
Tangible Common Equity Ratio
38.69
38.33
38.92
32.13
12.91
-15.83
-17.97
-28.18
-24.28
-21.26
-14.46
-18.73
-14.59
-13.34
-9.16
Current Ratio
1.25
1.45
1.59
1.52
3.27
1.4
1.84
1.36
0.98
1.01
1.78
1.43
1.16
1.19
0.95
Cash Conversion Cycle
-9.74
-2.37
-3.53
-1.56
0.22
1.86
4.21
2.49
2.32
9.76
3.16
-3.01
-0.07
1.37
0.08

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
5,503
5,465
5,586
4,758
4,529
4,686
5,192
5,924
6,025
4,730
7,545
6,177
8,469
8,223
8,563
+ Depreciation & Amortization
1,415
1,488
1,585
1,644
1,556
1,516
1,363
1,482
1,618
1,751
1,868
1,871
1,978
2,097
2,199
+ Non-Cash Items
192
136
141
392
286
-310
-24
33
180
-5
-726
-16
-727
-435
-317
+ Stock-Based Compensation
86
93
89
113
110
131
118
125
110
92
139
167
175
172
165
+ Deferred Income Taxes
188
134
25
-91
-1
-539
-36
103
150
6
-428
-346
-686
-574
-126
+ Asset Impairment Charge
-4
8
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
-79
-100
27
370
178
97
-105
-195
-79
-103
-437
163
-216
-33
-356
+ Chg in Non-Cash Work Cap
40
-123
-191
-64
168
167
-980
-473
298
-212
454
-645
-108
-438
106
+ (Inc) Dec in Accts Receiv
-161
-29
56
27
-181
-159
-341
-479
27
-7
310
-264
-161
10
231
+ (Inc) Dec in Inventories
-52
-27
-44
-5
45
28
-37
-2
129
-69
-62
6
17
71
-140
+ (Inc) Dec in Prepaid Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc (Dec) in Accts Payable
253
-66
-203
-86
304
298
-602
9
143
-137
206
-387
36
-519
15
+ Inc (Dec) in Other
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
7,150
6,966
7,121
6,730
6,539
6,060
5,551
6,967
8,122
6,265
9,142
7,387
9,612
9,447
10,551
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
87
213
83
167
160
151
27
106
39
95
122
130
+ Disp of Fixed Prod Assets
- -
- -
- -
87
213
83
167
160
151
27
106
39
95
122
130
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
-3,363
-2,615
-1,778
-3,199
-6,099
-11,171
-4,686
-5,208
-4,976
-908
-846
-3,896
-3,054
-2,824
-2,056
+ Increase in Capital Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Decrease in Capital Stock
-3,363
-2,615
-1,778
-3,199
-6,099
-11,171
-4,686
-5,208
-4,976
-908
-846
-3,896
-3,054
-2,824
-2,056
+ Net Change in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Dec in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Cash From Acq & Div
325
236
259
233
200
866
2,495
429
-200
10
-178
-361
-246
-2,195
-8
+ Cash from Divestitures
511
395
440
403
341
976
2,572
531
341
76
196
446
195
311
346
+ Cash for Acq of Subs
-186
-158
-181
-170
-141
-110
-77
-102
-541
-66
-374
-807
-441
-2,506
-354
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
-2,896
-3,404
-2,933
-2,624
-1,834
-1,931
-2,100
-3,045
-3,022
-1,583
-2,094
-2,356
-3,034
-3,273
-3,944
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-2,571
-3,167
-2,674
-2,305
-1,420
-982
562
-2,455
-3,071
-1,546
-2,166
-2,678
-3,185
-5,346
-3,822
+ Dividends Paid
-2,610
-2,897
-3,115
-3,216
-3,230
-3,058
-3,089
-3,256
-3,582
-3,753
-3,919
-4,168
-4,533
-4,870
-5,115
+ Net Cash From Debt
743
1,322
722
992
9,166
2,957
3,078
2,035
2,437
3,131
-1,086
1,172
2,780
-397
-78
+ Cash From Debt
1,367
2,285
1,417
1,541
10,220
3,780
4,728
3,794
4,499
5,543
1,154
3,374
5,221
2,380
4,724
+ Repayments of Debt
-624
-963
-695
-548
-1,054
-823
-1,649
-1,760
-2,062
-2,412
-2,240
-2,202
-2,441
-2,777
-4,802
+ Other Financing Activities
696
340
128
804
899
10
-614
479
1,126
-720
254
312
433
596
124
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-4,533
-3,850
-4,043
-4,618
735
-11,262
-5,311
-5,950
-4,995
-2,249
-5,596
-6,580
-4,374
-7,495
-7,125
Effect of Foreign Exchange Rates
-98
51
59
-528
-247
-104
264
-160
-24
80
-120
-254
-58
-101
86
Net Changes in Cash
46
-51
404
-193
5,854
-6,184
802
-1,438
56
2,470
1,380
-1,871
2,053
-3,394
-396
EBITDA
9,708
9,850
10,102
9,612
8,911
9,337
9,753
10,114
10,568
8,958
11,741
12,216
13,725
13,948
14,593
EBITDA Margin (%)
35.95
35.73
35.94
35.03
35.06
37.92
42.74
47.58
49.46
46.64
50.56
52.7
53.83
53.81
54.28
Free Cash Flow
7,150
6,966
7,121
6,730
6,539
6,060
5,551
6,967
8,122
6,265
9,142
7,387
9,612
9,447
10,551
Net Cash Paid for Acquisitions
-325
-236
-259
-233
-200
-866
-2,495
-429
200
-10
178
361
246
2,195
8
Free Cash Flow to Firm
7,489
7,316
7,480
7,102
6,980
6,664
6,109
7,710
8,965
7,204
10,122
8,340
10,707
10,644
11,794
Free Cash Flow to Equity
7,893
8,288
7,842
7,810
15,918
9,099
8,796
9,162
10,710
9,424
8,162
8,598
12,487
9,172
10,603
Free Cash Flow per Basic Share
7
6.95
7.19
6.99
7.21
7.4
6.99
9.08
10.88
8.41
12.27
10.1
13.3
13.21
14.79
Price/Free Cash Flow
14.66
12.92
13.71
13.73
17.07
17.3
25.29
20.02
18.61
25.69
22.05
26.45
22.59
22.15
20.75
Cash Flow to Net Income
1.3
1.27
1.27
1.41
1.44
1.29
1.07
1.18
1.35
1.32
1.21
1.2
1.13
1.15
1.23
Capital Expenditures
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -