Morgan Stanley

MS-PO

MS-POMorgan Stanley US flag

New York Stock Exchange

16.91

USD

-0.09

- -

26.67BMarket 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	30,594	24,643	30,782	32,469	33,263	32,711	35,852	37,714	39,045	45,828	56,414	50,210	50,667	57,621	65,966
+ Sales & Services Revenue	30,594	24,643	30,782	32,469	33,263	32,711	35,852	37,714	39,045	45,828	56,414	50,210	50,667	57,621	65,966
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	16,919	16,216	16,915	18,482	16,697	16,465	17,775	18,323	19,325	21,137	25,271	23,958	25,456	27,143	30,245
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-16,919	-16,216	-16,915	-18,482	-16,697	-16,465	-17,775	-18,323	-19,325	-21,137	-25,271	-23,958	-25,456	-27,143	-30,245
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-6,110	-596	-4,558	-3,591	-8,495	-8,848	-10,403	-11,237	-11,301	-14,418	-19,668	-14,089	-11,813	-17,596	-21,954
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-6,110	-596	-4,558	-3,591	-8,495	-8,848	-10,403	-11,237	-11,301	-14,418	-19,668	-14,089	-11,813	-17,596	-21,954
Pretax Income	6,110	596	4,558	3,591	8,495	8,848	10,403	11,237	11,301	14,418	19,668	14,089	11,813	17,596	21,954
- Income Tax Expense (Benefit)	1,414	-161	902	-90	2,200	2,726	4,168	2,350	2,064	3,239	4,548	2,910	2,583	4,067	4,929
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	4,696	757	3,656	3,681	6,295	6,122	6,235	8,887	9,237	11,179	15,120	11,179	9,230	13,529	17,025
- Net Extraordinary Losses (Gains)	1,121	1,337	1,405	414	320	287	229	274	390	366	172	300	286	278	328
+ Discontinued Operations	-51	-41	-43	-14	-16	1	-19	-4	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	1,172	1,378	1,448	428	336	286	248	278	390	366	172	300	286	278	328
Income (Loss) Incl. MI	3,575	-580	2,251	3,267	5,975	5,835	6,006	8,613	8,847	10,813	14,948	10,879	8,944	13,251	16,697
- Minority Interest	-535	-648	-681	-200	-152	-144	-105	-135	-195	-183	-86	-150	-143	-139	-164
Net Income, GAAP	4,110	68	2,932	3,467	6,127	5,979	6,111	8,748	9,042	10,996	15,034	11,029	9,087	13,390	16,861
- Preferred Dividends	2,043	98	277	315	456	471	523	526	530	496	468	489	557	590	612
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	2,067	-30	2,655	3,152	5,671	5,508	5,588	8,222	8,512	10,500	14,566	10,540	8,530	12,800	16,249
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	1,404	1,581	1,511	1,161	1,433	1,736	1,753	1,844	2,643	3,769	4,216	3,998	4,256	5,161	4,658
EBITDA Margin (%)	4.59	6.42	4.91	3.58	4.31	5.31	4.89	4.89	6.77	8.22	7.47	7.96	8.4	8.96	7.06
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	13.43	0.28	9.53	10.68	18.42	18.28	17.05	23.2	23.16	23.99	26.65	21.97	17.93	23.24	25.56
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	1,404	1,581	1,511	1,161	1,433	1,736	1,753	1,844	2,643	3,769	4,216	3,998	4,256	5,161	4,658
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	106,750	117,217	151,855	156,613	120,842	106,551	101,367	112,901	111,882	177,835	189,668	177,044	146,774	174,351	116,703
+ Cash & Cash Equivalents	76,255	77,348	98,425	87,397	54,083	43,381	46,164	51,840	49,659	67,452	86,838	92,747	58,661	75,743	81,310
+ ST Investments	30,495	39,869	53,430	69,216	66,759	63,170	55,203	61,061	62,223	110,383	102,830	84,297	88,113	98,608	35,393
+ Accounts & Notes Receiv	48,669	64,288	57,104	48,961	45,407	46,460	56,187	53,298	55,646	97,737	96,018	78,540	80,105	86,158	114,720
+ Accounts Receivable, Net	43,421	64,288	57,104	48,961	45,407	46,460	56,187	53,298	55,646	97,737	96,018	78,540	80,105	86,158	114,720
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	5,248	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-155,419	-181,505	-208,959	-205,574	-166,249	-153,011	-157,554	-166,199	-167,528	-275,572	-285,686	-255,584	-226,879	-260,509	-231,423
+ 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	6,457	5,946	6,019	6,108	6,373	- -	- -	- -	- -	21	16	4	23	23	20
+ Property, Plant & Equip	11,309	11,471	12,439	12,327	13,513	- -	- -	- -	- -	21	16	4	23	23	20
- Accumulated Depreciation	4,852	5,525	6,420	6,219	7,140	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	262,616	161,618	184,796	201,697	183,861	189,821	207,493	237,808	274,562	362,330	373,793	336,881	359,311	342,917	378,873
+ LT Investments	262,616	161,618	184,796	201,697	183,861	189,821	207,493	237,808	274,562	362,330	373,793	336,881	359,311	342,917	378,873
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-269,073	-167,564	-190,815	-207,805	-190,234	-189,821	-207,493	-237,808	-274,562	-362,351	-373,809	-336,885	-359,334	-342,940	-378,893
+ Total Intangible Assets	10,971	10,433	9,881	9,747	9,568	9,298	9,045	8,851	9,250	16,615	25,193	24,270	23,762	23,159	22,736
+ Goodwill	6,686	6,650	6,595	6,588	6,584	6,577	6,597	6,688	7,143	11,635	16,833	16,652	16,707	16,706	16,726
+ Other Intangible Assets	4,285	3,783	3,286	3,159	2,984	2,721	2,448	2,163	2,107	4,980	8,360	7,618	7,055	6,453	6,010
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-280,044	-177,997	-200,696	-217,552	-199,802	-199,119	-216,538	-246,659	-283,812	-378,966	-399,002	-361,155	-383,096	-366,099	-401,629
Total Assets	749,898	780,960	832,702	801,510	787,465	814,949	851,733	853,531	895,429	1,115,862	1,188,140	1,180,231	1,193,693	1,215,071	1,420,270
+ Payables & Accruals	123,615	127,722	157,125	181,069	186,626	190,513	191,510	179,559	197,834	227,437	228,685	216,134	208,148	175,938	226,519
+ Accounts Payable	123,615	127,722	157,125	181,069	186,626	190,513	191,510	179,559	197,834	227,437	228,685	216,134	208,148	175,938	226,519
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	3,118	2,779	6,375	3,656	3,608	2,370	3,553	3,581	9,670	14,144	10,337	5,135	8,920	21,645	21,146
+ ST Borrowings	3,118	2,779	6,375	3,656	3,608	2,370	3,553	3,581	9,670	14,144	10,337	5,135	8,920	21,645	21,146
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-126,733	-130,501	-163,500	-184,725	-190,234	-192,883	-195,063	-183,140	-207,504	-241,581	-239,022	-221,269	-217,068	-197,583	-247,665
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-126,733	-130,501	-163,500	-184,725	-190,234	-192,883	-195,063	-183,140	-207,504	-241,581	-239,022	-221,269	-217,068	-197,583	-247,665
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	204,678	184,657	163,557	163,462	161,797	174,464	200,300	195,547	197,655	218,798	232,831	241,081	267,467	288,776	349,392
+ LT Borrowings	204,678	184,657	163,557	163,462	161,797	174,464	200,300	195,547	197,655	218,798	232,831	241,081	267,467	288,776	349,392
+ LT Finance Leases	- -	- -	- -	- -	19,316	20,262	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-204,678	-184,657	-163,557	-163,462	-161,797	-174,464	-200,300	-195,547	-197,655	-218,798	-232,831	-241,081	-267,467	-288,776	-349,392
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-204,678	-184,657	-163,557	-163,462	-161,797	-174,464	-200,300	-195,547	-197,655	-218,798	-232,831	-241,081	-267,467	-288,776	-349,392
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	679,820	715,532	763,672	729,406	711,281	737,772	773,267	772,125	812,732	1,012,713	1,081,542	1,079,000	1,093,711	1,109,643	1,307,618
+ Preferred Equity and Hybrid Capital	1,508	1,508	3,220	6,020	7,520	7,520	8,520	8,520	8,520	9,250	7,750	8,750	8,750	9,750	9,750
+ Share Capital & APIC	22,856	23,446	24,590	24,269	24,173	23,291	23,565	23,814	23,955	25,566	28,861	29,359	29,852	30,199	31,173
+ Common Stock	20	20	20	20	20	20	20	20	20	20	20	20	20	20	20
+ Additional Paid in Capital	22,836	23,426	24,570	24,249	24,153	23,271	23,545	23,794	23,935	25,546	28,841	29,339	29,832	30,179	31,153
- Treasury Stock	2,499	2,241	2,968	2,766	4,059	5,797	9,211	13,971	18,727	9,767	17,500	26,577	31,139	33,613	38,097
+ Retained Earnings	40,341	39,912	42,172	44,625	49,204	53,679	57,577	64,175	70,589	78,694	89,432	94,862	97,996	104,989	115,091
+ Other Equity	-157	-516	-1,093	-1,248	-1,656	-2,643	-3,060	-2,292	-2,788	-1,962	-3,102	-6,253	-6,421	-6,814	-6,285
Equity Before Minority Interest	62,049	62,109	65,921	70,900	75,182	76,050	77,391	80,246	81,549	101,781	105,441	100,141	99,038	104,511	111,632
+ Minority/Non Controlling Interest	8,029	3,319	3,109	1,204	1,002	1,127	1,075	1,160	1,148	1,368	1,157	1,090	944	917	1,020
Total Equity	70,078	65,428	69,030	72,104	76,184	77,177	78,466	81,406	82,697	103,149	106,598	101,231	99,982	105,428	112,652
Total Liabilities & Equity	749,898	780,960	832,702	801,510	787,465	814,949	851,733	853,531	895,429	1,115,862	1,188,140	1,180,231	1,193,693	1,215,071	1,420,270
Shares Outstanding	1,927	1,974	1,945	1,951	1,920	1,852	1,788	1,700	1,594	1,810	1,772	1,675	1,627	1,607	1,583
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	19,316	20,262	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	131,541	110,088	71,507	79,721	111,322	133,453	157,689	147,288	157,666	165,490	156,330	153,469	217,726	234,678	289,228
Net Debt to Equity	187.71	168.26	103.59	110.56	146.12	172.92	200.96	180.93	190.66	160.44	146.65	151.6	217.77	222.6	256.74
Tangible Common Equity Ratio	7.79	6.94	6.8	7.12	7.6	7.49	7.23	7.58	7.33	7.03	6.33	5.9	5.77	6.08	5.74
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	4,645	716	3,613	3,667	6,279	6,123	6,216	8,883	9,237	11,179	15,120	11,179	9,230	13,529	17,025
+ Depreciation & Amortization	1,404	1,581	1,511	1,161	1,433	1,736	1,753	1,844	2,643	3,769	4,216	3,998	4,256	5,161	4,658
+ Non-Cash Items	2,456	479	1,017	895	2,609	2,757	3,955	1,553	1,284	2,097	1,946	1,924	2,086	2,042	3,244
+ Stock-Based Compensation	1,300	891	1,180	1,260	1,104	1,136	1,026	920	1,153	1,312	2,085	1,875	1,709	1,622	1,926
+ Deferred Income Taxes	413	-639	-117	-231	1,189	1,579	2,747	449	165	-250	4	-849	-463	152	561
+ Asset Impairment Charge	159	271	198	111	69	130	91	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	584	-44	-244	-245	247	-88	91	184	-34	1,035	-143	898	840	268	757
+ Chg in Non-Cash Work Cap	6,877	21,983	28,868	-4,637	-14,784	-5,233	-16,429	-4,975	27,609	-42,276	12,689	-23,498	-49,108	-19,370	-42,816
+ (Inc) Dec in Accts Receiv	5,899	-10,030	6,774	2,204	-434	-371	-9,315	-728	233	-29,774	774	14,664	602	-5,308	-26,637
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-6,985	-1,283	26,697	27,971	4,633	1,913	2,007	-13,063	19,942	10,187	7,758	-4,897	-3,629	-25,550	50,708
+ Inc (Dec) in Other	7,963	33,296	-4,603	-34,812	-18,983	-6,775	-9,121	8,816	7,434	-22,689	4,157	-33,265	-46,081	11,488	-66,887
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	15,382	24,759	35,009	1,086	-4,463	5,383	-4,505	7,305	40,773	-25,231	33,971	-6,397	-33,536	1,362	-17,889
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1,304	-1,312	-1,316	-992	-1,373	-1,276	-1,629	-1,865	-1,826	-1,444	-2,308	-3,078	- -	- -	- -
+ Acq of Fixed Prod Assets	-1,304	-1,312	-1,316	-992	-1,373	-1,276	-1,629	-1,865	-1,826	-1,444	-2,308	-3,078	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-317	-227	-691	-1,458	-2,773	-3,933	-4,292	-5,566	-5,954	-1,890	-12,075	-10,871	-6,178	-4,199	-5,835
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-317	-227	-691	-1,458	-2,773	-3,933	-4,292	-5,566	-5,954	-1,890	-12,075	-10,871	-6,178	-4,199	-5,835
+ Net Change in LT Investment	-603	-9,341	-14,375	-14,992	-3,702	-8,828	1,614	-11,924	-13,423	-21,510	-8,003	15,445	5,310	-1,895	-1,406
+ Dec in LT Investment	19,998	15,136	16,182	17,631	43,589	42,083	25,576	15,876	29,163	38,267	61,568	45,278	28,388	37,292	35,172
+ Inc in LT Investment	-20,601	-24,477	-30,557	-32,623	-47,291	-50,911	-23,962	-27,800	-42,586	-59,777	-69,571	-29,833	-23,078	-39,187	-36,578
+ Net Cash From Acq & Div	- -	1,725	1,147	989	998	- -	- -	- -	- -	3,807	-2,648	- -	- -	- -	- -
+ Cash from Divestitures	- -	1,725	1,147	989	998	- -	- -	- -	- -	3,807	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2,648	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-8,827	-3,697	-9,917	-20,329	-15,918	-9,404	-12,376	-9,092	-18,312	-18,751	-36,938	-23,999	-8,394	-27,565	-45,373
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-10,734	-12,625	-24,461	-35,324	-19,995	-19,508	-12,391	-22,881	-33,561	-37,898	-49,897	-11,632	-3,084	-29,460	-46,779
+ Dividends Paid	-834	-469	-475	-904	-1,455	-1,746	-2,085	-2,375	-2,627	-2,739	-4,171	-5,401	-5,763	-6,138	-6,593
+ Net Cash From Debt	-6,507	-19,446	-10,803	3,637	6,805	12,030	19,591	5,278	-9,943	10,242	20,149	37,562	13,619	28,135	39,776
+ Cash From Debt	32,725	23,646	27,939	36,740	34,182	43,626	55,416	40,059	30,605	60,726	90,273	72,460	78,424	108,365	139,169
+ Repayments of Debt	-39,232	-43,092	-38,742	-33,103	-27,377	-31,596	-35,825	-34,781	-40,548	-50,484	-70,124	-34,898	-64,805	-80,230	-99,393
+ Other Financing Activities	2,510	8,245	14,602	21,868	21,577	1,012	3,047	26,868	6,558	78,171	37,644	1,424	-4,404	28,958	40,410
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-5,148	-11,897	2,633	23,143	24,154	7,363	16,261	24,205	-11,966	83,784	41,547	22,714	-2,726	46,756	67,758
Effect of Foreign Exchange Rates	-314	-119	-202	-1,804	-1,735	-1,430	3,670	-1,828	-271	2,828	-3,550	-4,283	451	-2,504	3,219
Net Changes in Cash	-500	237	13,181	-11,095	-304	-6,762	-635	8,629	-4,754	20,655	25,621	4,685	-39,346	18,658	3,090
EBITDA	1,404	1,581	1,511	1,161	1,433	1,736	1,753	1,844	2,643	3,769	4,216	3,998	4,256	5,161	4,658
EBITDA Margin (%)	4.59	6.42	4.91	3.58	4.31	5.31	4.89	4.89	6.77	8.22	7.47	7.96	8.4	8.96	7.06
Free Cash Flow	14,078	23,447	33,693	94	-5,836	4,107	-6,134	5,440	38,947	-26,675	31,663	-9,475	-33,536	1,362	-17,889
Net Cash Paid for Acquisitions	- -	-1,725	-1,147	-989	-998	- -	- -	- -	- -	-3,807	2,648	- -	- -	- -	- -
Free Cash Flow to Firm	14,078	- -	33,693	- -	-5,836	4,107	-6,134	5,440	38,947	-26,675	31,663	-9,475	-33,536	1,362	-17,889
Free Cash Flow to Equity	-2,561	3,903	24,325	6,216	2,013	15,666	13,934	10,192	28,474	-16,199	49,844	28,598	-20,474	29,907	21,275
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	3.74	364.1	11.94	0.31	-0.73	0.9	-0.74	0.84	4.51	-2.29	2.26	-0.58	-3.69	0.1	-1.06
Capital Expenditures	-1,304	-1,312	-1,316	-992	-1,373	-1,276	-1,629	-1,865	-1,826	-1,444	-2,308	-3,078	- -	- -	- -