MFA Financial, Inc.

MFA-PB

MFA-PBMFA Financial, Inc. US flag

New York Stock Exchange

20.59

USD

+0.22

- -

2.09BMarket 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	358	349	341	355	356	358	372	349	433	-556	373	-85	205	253	299
+ Sales & Services Revenue	358	349	341	355	356	358	372	349	433	-556	373	-85	205	253	299
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	30	34	34	41	42	46	50	46	53	57	83	113	130	132	119
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-30	-34	-34	-41	-42	-46	-50	-46	-53	-57	-83	-113	-130	-132	-119
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-316	-307	-303	-314	-313	-313	-322	-302	-378	679	-329	232	-80	-120	-176
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-316	-307	-303	-314	-313	-313	-322	-302	-378	679	-329	232	-80	-120	-176
Pretax Income	316	307	303	314	313	313	322	302	378	-679	329	-232	80	120	176
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	-1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	316	307	303	314	313	313	322	302	378	-679	329	-232	80	119	177
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	316	307	303	314	313	313	322	302	378	-679	329	-232	80	119	177
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	316	307	303	314	313	313	322	302	378	-679	329	-232	80	119	177
- Preferred Dividends	8	8	14	15	15	15	15	15	15	30	33	33	33	33	40
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	308	299	289	299	298	298	307	287	363	-709	296	-264	47	86	136
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	3	4	6	1	1	1	2	2	3	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	0.74	1.01	1.71	0.34	0.24	0.27	0.41	0.52	0.77	- -	- -	- -	- -	- -	- -
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	3	- -	-7	-9	-4	-3	-2
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	88.45	87.89	88.85	88.21	87.99	87.27	86.66	86.56	87.26	122.22	88.09	273.79	39.02	47.16	59.21
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	3	4	6	1	1	1	2	2	- -	- -	7	9	4	3	2
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	394	401	565	182	165	260	450	52	71	814	305	334	318	339	213
+ Cash & Cash Equivalents	394	401	565	182	165	260	450	52	71	814	305	334	318	339	213
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	43	44	36	33	29	28	27	- -	71	39	84	368	123	126	120
+ Accounts Receivable, Net	43	44	36	33	29	28	27	- -	71	39	84	368	123	126	120
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-437	-445	-601	-215	-194	-288	-477	-52	-142	-853	-389	-702	-441	-465	-333
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	39	39	38	35	43
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	39	39	38	35	43
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	11,219	- -	- -	- -	- -	- -	55	154	193	64	328	362	766	1,554	3,380
+ LT Investments	11,219	- -	- -	- -	- -	- -	55	154	193	64	328	362	766	1,554	3,380
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-11,219	- -	- -	- -	- -	- -	-55	-154	-193	-65	-368	-401	-804	-1,590	-3,423
+ Total Intangible Assets	7	7	7	7	7	234	499	612	1,217	- -	82	73	69	66	64
+ Goodwill	7	7	7	7	7	7	7	7	- -	- -	61	61	61	61	61
+ Other Intangible Assets	- -	- -	- -	- -	- -	227	492	605	1,217	- -	21	12	8	5	3
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-11,227	-7	-7	-7	-7	-234	-554	-766	-1,410	-65	-450	-474	-873	-1,656	-3,487
Total Assets	11,751	13,518	12,472	12,355	13,163	12,484	10,955	12,420	13,568	6,932	9,140	9,112	10,773	11,410	13,046
+ Payables & Accruals	117	102	112	99	92	89	92	318	109	45	57	191	170	132	74
+ Accounts Payable	9	16	15	13	17	14	12	16	18	11	10	23	31	33	36
+ Accrued Taxes	- -	8	6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	107	78	91	86	75	75	80	301	91	34	48	168	139	99	37
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	224	225	226	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	224	225	226	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-117	-102	-112	-99	-92	-89	-92	-318	-333	-270	-284	-191	-170	-132	-74
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-117	-102	-112	-99	-92	-89	-92	-318	-333	-270	-284	-191	-170	-132	-74
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	876	747	466	211	119	97	461	781	668	1,615	2,922	3,631	5,003	6,020	6,599
+ LT Borrowings	876	747	466	211	119	97	461	781	668	1,615	2,877	3,585	4,960	5,979	6,545
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	45	45	44	41	53
+ Other LT Liabilities	-876	-747	-466	-211	-119	-97	-461	-781	-668	-1,615	-2,922	-3,631	-5,003	-6,020	-6,599
+ Accrued Liabilities	27	33	7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-903	-780	-473	-211	-119	-97	-461	-781	-668	-1,615	-2,922	-3,631	-5,003	-6,020	-6,599
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	9,253	10,207	9,330	9,151	10,195	9,450	7,693	9,004	10,184	4,407	6,597	7,124	8,873	9,568	11,219
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	2,799	2,809	2,976	3,017	3,024	3,033	3,231	3,628	3,645	3,853	3,777	3,685	3,700	3,712	3,719
+ Common Stock	4	4	4	4	4	4	4	4	5	5	1	1	1	1	1
+ Additional Paid in Capital	2,796	2,806	2,972	3,014	3,020	3,029	3,227	3,623	3,640	3,848	3,775	3,684	3,699	3,711	3,718
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-243	-260	-572	-569	-572	-573	-579	-632	-631	-1,405	-1,279	-1,718	-1,818	-1,880	-1,896
+ Other Equity	-59	762	738	754	516	574	609	420	370	77	46	21	18	9	4
Equity Before Minority Interest	2,498	3,311	3,142	3,203	2,967	3,034	3,262	3,416	3,384	2,525	2,543	1,989	1,900	1,842	1,828
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	2,498	3,311	3,142	3,203	2,967	3,034	3,262	3,416	3,384	2,525	2,543	1,989	1,900	1,842	1,828
Total Liabilities & Equity	11,751	13,518	12,472	12,355	13,163	12,484	10,955	12,420	13,568	6,932	9,140	9,112	10,773	11,410	13,046
Shares Outstanding	89	89	91	93	93	93	99	112	113	113	108	102	102	102	102
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	45	45	44	41	53
Net Debt	481	346	-99	28	-46	-163	11	729	821	1,025	2,799	3,251	4,642	5,640	6,332
Net Debt to Equity	19.28	10.44	-3.16	0.88	-1.57	-5.39	0.34	21.35	24.27	40.61	110.06	163.47	244.32	306.21	346.45
Tangible Common Equity Ratio	21.21	24.45	25.15	25.88	22.5	22.86	26.42	23.75	17.54	36.42	27.16	21.19	17.1	15.65	13.59
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	316	307	303	314	313	313	322	302	378	-679	329	-232	80	119	177
+ Depreciation & Amortization	3	4	6	1	1	1	2	2	3	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	19	3	-31	-86	-87	-116	-164	-129	-150	729	-199	574	47	64	-112
+ Stock-Based Compensation	4	6	4	9	8	9	8	8	9	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	4	-3	-35	-95	-95	-125	-172	-137	-159	729	-199	574	47	64	-112
+ Chg in Non-Cash Work Cap	-3	-3	20	27	51	-18	16	-26	-16	-11	8	13	-18	17	12
+ (Inc) Dec in Accts Receiv	-5	-1	8	5	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	1	-13	-6	-13	-6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	11	17	37	56	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	- -	- -	- -	-2	-4	-18	16	-26	-16	-11	8	13	-18	17	12
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	334	310	298	256	278	179	177	148	216	38	138	355	109	200	76
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-2	- -	- -	-1	-2	-1	-1	-1	-2	-5	-12	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-2	- -	- -	-1	-2	-1	-1	-1	-2	-5	-12	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	608	3	61	36	1	5	197	392	12	-43	-84	-101	- -	-2	-15
+ Increase in Capital Stock	608	13	78	36	1	5	197	392	12	7	2	1	- -	- -	- -
+ Decrease in Capital Stock	- -	-10	-16	- -	- -	- -	- -	- -	- -	-51	-86	-102	- -	-2	-15
+ Net Change in LT Investment	-2,392	- -	- -	- -	- -	- -	- -	- -	1,999	4,260	157	69	-530	-740	-1,826
+ Dec in LT Investment	2,442	- -	- -	- -	- -	- -	- -	- -	3,007	4,423	157	69	59	130	336
+ Inc in LT Investment	-4,834	- -	- -	- -	- -	- -	- -	- -	-1,008	-164	- -	- -	-589	-869	-2,163
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	6	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	6	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	11	-650	1,601	452	556	935	1,817	-2,157	-3,132	2,129	-2,336	-1,184	-1,020	315	41
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-2,383	-650	1,601	451	554	935	1,816	-2,158	-1,135	6,384	-2,185	-1,116	-1,550	-425	-1,786
+ Dividends Paid	-337	-349	-609	-310	-312	-313	-324	-345	-377	-143	-189	-217	-176	-177	-189
+ Net Cash From Debt	655	-129	-280	-254	-88	-22	366	1,586	1,369	-5,733	1,910	1,185	1,624	551	1,727
+ Cash From Debt	963	287	129	- -	- -	- -	383	68,747	68,947	17,811	5,715	6,308	6,552	6,073	6,324
+ Repayments of Debt	-309	-415	-410	-254	-88	-22	-17	-67,161	-67,578	-23,544	-3,805	-5,123	-4,929	-5,522	-4,597
+ Other Financing Activities	1,173	822	-907	-562	-450	-702	-2,087	1	-40	185	-7	-16	-13	-35	-29
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	2,098	347	-1,735	-1,090	-850	-1,032	-1,848	1,635	965	-5,735	1,630	850	1,435	338	1,495
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	49	7	164	-383	-17	82	145	-375	46	687	-417	90	-6	113	-215
EBITDA	3	4	6	1	1	1	2	2	3	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	0.74	1.01	1.71	0.34	0.24	0.27	0.41	0.52	0.77	- -	- -	- -	- -	- -	- -
Free Cash Flow	332	310	298	255	277	179	176	147	214	34	126	355	109	200	76
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6	- -	- -	- -	- -
Free Cash Flow to Firm	332	310	298	255	277	179	176	147	214	- -	126	- -	109	200	- -
Free Cash Flow to Equity	978	173	4	-14	173	142	527	1,718	1,568	-5,729	2,002	1,507	1,699	718	1,763
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	1.06	1.01	0.98	0.82	0.89	0.57	0.55	0.49	0.57	-0.06	0.42	-1.53	1.36	1.68	0.43
Capital Expenditures	-2	- -	- -	-1	-2	-1	-1	-1	-2	-5	-12	- -	- -	- -	- -