Northrop Grumman Corporation

NTH.DE

NTH.DENorthrop Grumman Corporation DE flag

Deutsche Börse

461.60

EUR

+1.40

- -

65.56BMarket Cap

Income Statement (USD)

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	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	26,412	25,218	24,661	23,979	23,526	24,706	26,004	30,095	33,841	36,799	35,667	36,602	39,290	41,033	41,954
+ Sales & Services Revenue	26,412	25,218	24,661	23,979	23,526	24,706	26,004	30,095	33,841	36,799	35,667	36,602	39,290	41,033	41,954
- Cost of Revenue	20,786	19,638	19,282	18,378	17,884	18,797	20,074	23,304	26,582	29,321	28,399	29,128	32,739	32,671	33,641
+ Cost of Goods & Services	20,786	19,638	19,282	18,378	17,884	18,797	20,074	23,304	26,582	29,321	28,399	29,128	32,739	32,671	33,641
Gross Profit	5,626	5,580	5,379	5,601	5,642	5,909	5,930	6,791	7,259	7,478	7,268	7,474	6,551	8,362	8,313
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	2,350	2,450	2,256	2,405	2,566	2,632	2,712	3,011	3,290	3,413	3,597	3,873	4,014	3,992	4,033
+ Selling, General & Admin	2,350	2,450	2,256	2,405	2,566	2,632	2,712	3,011	3,290	3,413	3,597	3,873	4,014	3,992	4,033
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	3,276	3,130	3,123	3,196	3,076	3,277	3,218	3,780	3,969	4,065	3,671	3,601	2,537	4,370	4,280
- Non-Operating (Income) Loss	193	165	260	259	286	596	-1,011	38	1,421	337	-5,267	-2,235	191	-646	-788
+ Interest Expense, Net	221	212	257	282	301	301	360	562	528	593	556	506	545	621	665
+ Interest Expense	221	212	257	282	301	301	360	562	528	593	556	506	545	621	665
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-28	-47	3	-23	-15	295	-1,371	-524	893	-256	-5,823	-2,741	-354	-1,267	-1,453
Pretax Income	3,083	2,965	2,863	2,937	2,790	2,681	4,229	3,742	2,548	3,728	8,938	5,836	2,346	5,016	5,068
- Income Tax Expense (Benefit)	997	987	911	868	800	638	1,360	513	300	539	1,933	940	290	842	886
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	2,086	1,978	1,952	2,069	1,990	2,043	2,869	3,229	2,248	3,189	7,005	4,896	2,056	4,174	4,182
- Net Extraordinary Losses (Gains)	-32	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	32	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-64	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	2,118	1,978	1,952	2,069	1,990	2,043	2,869	3,229	2,248	3,189	7,005	4,896	2,056	4,174	4,182
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	2,118	1,978	1,952	2,069	1,990	2,043	2,869	3,229	2,248	3,189	7,005	4,896	2,056	4,174	4,182
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	2,118	1,978	1,952	2,069	1,990	2,043	2,869	3,229	2,248	3,189	7,005	4,896	2,056	4,174	4,182
EBIT	3,276	3,130	3,123	3,196	3,076	3,277	3,218	3,780	3,969	4,065	3,671	3,601	2,537	4,370	4,280
EBITDA	3,820	3,640	3,618	3,658	3,543	3,733	3,693	4,580	5,234	5,332	4,910	4,943	3,875	5,740	5,752
EBITDA Margin (%)	14.46	14.43	14.67	15.26	15.06	15.11	14.2	15.22	15.47	14.49	13.77	13.5	9.86	13.99	13.71
EBITA	3,276	3,130	3,123	3,196	3,076	3,277	3,218	3,780	3,969	4,065	3,671	3,601	2,537	4,370	4,280
Gross Margin (%)	21.3	22.13	21.81	23.36	23.98	23.92	22.8	22.57	21.45	20.32	20.38	20.42	16.67	20.38	19.81
Operating Margin (%)	12.4	12.41	12.66	13.33	13.07	13.26	12.38	12.56	11.73	11.05	10.29	9.84	6.46	10.65	10.2
Profit Margin (%)	8.02	7.84	7.92	8.63	8.46	8.27	11.03	10.73	6.64	8.67	19.64	13.38	5.23	10.17	9.97
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.96	2.15	2.37	2.7	3.18	3.58	3.95	4.73	5.2	5.7	6.13	6.79	7.37	8.07	9.01
Depreciation Expense	544	510	495	462	467	456	475	800	1,265	1,267	1,239	1,342	1,338	1,370	1,472
Basic Weighted Avg Shares	277	249	230	209	189	179	174	174	169	167	160	155	152	147	144
Basic EPS, GAAP	7.65	7.96	8.5	9.91	10.51	11.42	16.45	18.59	13.28	19.08	43.7	31.61	13.57	28.39	29.14
Basic EPS from Cont Ops	7.54	7.96	8.5	9.91	10.51	11.42	16.45	18.59	13.28	19.08	43.7	31.61	13.57	28.39	29.14
Diluted Weighted Avg Shares	282	253	234	212	192	180	176	175	170	168	161	156	152	147	144
Diluted EPS, GAAP	7.52	7.81	8.35	9.75	10.39	11.32	16.34	18.49	13.22	19.03	43.54	31.47	13.53	28.34	29.08
Diluted EPS from Cont Ops	7.41	7.81	8.35	9.75	10.39	11.32	16.34	18.49	13.22	19.03	43.54	31.47	13.53	28.34	29.08

Balance Sheet (USD)

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	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	7,746	8,392	9,488	7,780	6,334	6,856	16,587	9,680	10,685	15,344	12,426	12,488	13,706	14,274	15,287
+ Cash, Cash Equivalents & STI	3,002	3,862	5,150	3,863	2,319	2,541	11,225	1,579	2,245	4,907	3,530	2,577	3,109	4,353	4,403
+ Cash & Cash Equivalents	3,002	3,862	5,150	3,863	2,319	2,541	11,225	1,579	2,245	4,907	3,530	2,577	3,109	4,353	4,403
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	2,964	2,858	2,685	2,806	2,841	3,299	4,519	6,474	6,660	6,641	6,959	7,494	7,147	7,180	7,919
+ Accounts Receivable, Net	2,964	2,858	2,685	2,806	2,841	3,299	1,054	1,448	1,326	1,501	1,467	1,511	1,454	1,272	1,375
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	3,465	5,026	5,334	5,140	5,492	5,983	5,693	5,908	6,544
+ Inventories	873	798	698	742	807	816	398	654	783	759	811	978	1,109	1,455	1,309
+ Raw Materials	123	110	102	106	103	100	97	277	317	329	333	325	338	293	306
+ Work In Process	1,850	1,855	1,601	1,509	1,511	1,823	342	418	507	430	478	605	719	1,118	945
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	48	52	44	58
+ Inventory Adjustments	-1,100	-1,167	-1,005	-873	-807	-1,107	-41	-41	-41	-62	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	62	- -	- -	- -	- -	- -
+ Other ST Assets	907	874	955	369	367	200	445	973	997	3,037	1,126	1,439	2,341	1,286	1,656
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	17,665	18,151	16,893	18,792	18,090	18,758	18,541	27,973	30,404	29,125	30,153	31,267	32,838	35,085	36,090
+ Property, Plant & Equip, Net	3,047	2,887	2,806	2,991	3,064	3,588	4,225	6,372	8,423	8,604	9,549	10,611	11,471	12,306	12,831
+ Property, Plant & Equip	6,980	7,033	7,143	7,602	7,913	8,419	9,291	11,741	14,273	14,939	16,368	17,869	19,435	21,039	22,479
- Accumulated Depreciation	3,933	4,146	4,337	4,611	4,849	4,831	5,066	5,369	5,850	6,335	6,819	7,258	7,964	8,733	9,648
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	14,618	15,264	14,087	15,801	15,026	15,170	14,316	21,601	21,981	20,521	20,604	20,656	21,367	22,779	23,259
+ Total Intangible Assets	12,374	12,431	12,438	12,466	12,460	12,450	12,507	20,044	19,748	18,301	18,093	17,900	17,822	17,512	17,437
+ Goodwill	12,374	12,431	12,438	12,466	12,460	12,450	12,455	18,672	18,708	17,518	17,515	17,516	17,517	17,512	17,437
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	52	1,372	1,040	783	578	384	305	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	2,244	2,833	1,649	3,335	2,566	2,720	1,809	1,557	2,233	2,220	2,511	2,756	3,545	5,267	5,822
Total Assets	25,411	26,543	26,381	26,572	24,424	25,614	35,128	37,653	41,089	44,469	42,579	43,755	46,544	49,359	51,377
+ Payables & Accruals	1,481	1,392	1,229	1,305	1,282	1,554	1,661	2,182	2,226	1,806	2,197	2,587	2,110	2,599	3,240
+ Accounts Payable	1,481	1,392	1,229	1,305	1,282	1,554	1,661	2,182	2,226	1,806	2,197	2,587	2,110	2,599	3,240
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	13	- -	- -	- -	- -	- -	- -	517	1,109	742	6	1,072	- -	- -	- -
+ ST Borrowings	13	- -	- -	- -	- -	- -	- -	517	1,109	742	6	1,072	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	4,641	4,664	4,586	4,587	4,175	4,076	5,431	5,575	6,099	7,032	7,327	7,928	9,832	11,529	10,642
+ Deferred Revenue	1,777	1,759	1,722	1,713	1,537	1,471	1,761	1,917	2,237	2,517	3,026	3,609	4,193	4,070	4,086
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	2,864	2,905	2,864	2,874	2,638	2,605	3,670	3,658	3,862	4,515	4,301	4,319	5,639	7,459	6,556
Total Current Liabilities	6,135	6,056	5,815	5,892	5,457	5,630	7,092	8,274	9,434	9,580	9,530	11,587	11,942	14,128	13,882
+ LT Debt	3,935	3,930	5,928	5,925	6,386	7,058	14,399	13,883	14,078	15,604	14,367	13,629	15,678	16,490	17,019
+ LT Borrowings	3,935	3,930	5,928	5,925	6,386	7,058	14,399	13,883	12,770	14,261	12,777	11,805	13,786	14,692	15,162
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1,308	1,343	1,590	1,824	1,892	1,798	1,857
+ Other LT Liabilities	5,005	7,043	4,018	7,520	7,059	7,667	6,505	7,309	8,758	8,706	5,756	3,227	4,129	3,451	3,802
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	108	- -	- -	490	132	- -	- -	- -
+ Pension Liabilities	4,079	6,085	2,954	6,555	6,172	6,818	5,511	5,755	6,979	6,498	3,269	1,188	1,290	1,120	1,110
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	926	958	1,064	965	887	849	994	1,446	1,779	2,208	1,997	1,907	2,839	2,331	2,692
Total Noncurrent Liabilities	8,940	10,973	9,946	13,445	13,445	14,725	20,904	21,192	22,836	24,310	20,123	16,856	19,807	19,941	20,821
Total Liabilities	15,075	17,029	15,761	19,337	18,902	20,355	27,996	29,466	32,270	33,890	29,653	28,443	31,749	34,069	34,703
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	4,127	3,163	1,066	199	181	175	218	171	168	225	156	153	150	145	142
+ Common Stock	254	239	218	199	181	175	174	171	168	167	156	153	150	145	142
+ Additional Paid in Capital	3,873	2,924	848	- -	- -	- -	44	- -	- -	58	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	9,699	11,138	12,538	12,392	10,661	10,630	6,913	8,068	8,748	10,482	12,913	15,312	14,773	15,297	16,658
+ Other Equity	-3,490	-4,787	-2,984	-5,356	-5,320	-5,546	1	-52	-97	-128	-143	-153	-128	-152	-126
Equity Before Minority Interest	10,336	9,514	10,620	7,235	5,522	5,259	7,132	8,187	8,819	10,579	12,926	15,312	14,795	15,290	16,674
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	10,336	9,514	10,620	7,235	5,522	5,259	7,132	8,187	8,819	10,579	12,926	15,312	14,795	15,290	16,674
Total Liabilities & Equity	25,411	26,543	26,381	26,572	24,424	25,614	35,128	37,653	41,089	44,469	42,579	43,755	46,544	49,359	51,377
Shares Outstanding	254	239	218	199	181	175	174	171	168	167	156	153	150	145	142
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	1,308	1,343	1,590	1,824	1,892	1,798	1,857
Net Debt	946	68	778	2,062	4,067	4,517	3,174	12,821	11,634	10,096	9,253	10,300	10,677	10,339	10,759
Net Debt to Equity	9.15	0.71	7.33	28.5	73.65	85.89	44.5	156.6	131.92	95.43	71.58	67.27	72.17	67.62	64.53
Tangible Common Equity Ratio	-15.63	-20.67	-13.04	-37.08	-57.99	-54.63	-23.76	-67.33	-51.21	-29.51	-21.1	-10.01	-10.54	-6.98	-2.25
Current Ratio	1.26	1.39	1.63	1.32	1.16	1.22	2.34	1.17	1.13	1.6	1.3	1.08	1.15	1.01	1.1
Cash Conversion Cycle	36.93	30.86	30.24	30.99	33.31	33.59	11.74	-6.36	-5.29	-1.5	-0.4	-3.75	-0.67	0.42	-5.31

Cash Flow Statement (USD)

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	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	2,086	1,978	1,952	2,069	1,990	2,043	2,869	3,229	2,248	3,189	7,005	4,896	2,056	4,174	4,182
+ Depreciation & Amortization	544	510	495	462	467	456	475	800	1,265	1,267	1,239	1,342	1,338	1,370	1,472
+ Non-Cash Items	189	126	135	-16	-40	918	500	946	656	-378	-4,858	-2,737	625	-1,430	-34
+ Stock-Based Compensation	140	183	144	134	99	93	94	86	127	90	94	99	87	101	119
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	985	234	-509	210	603	-321	-988	-582	548
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	49	-57	-9	-150	-139	825	-579	626	1,038	-678	-5,555	-2,515	1,526	-949	-701
+ Chg in Non-Cash Work Cap	-472	26	-99	78	-255	-604	-1,231	-1,148	128	227	181	-600	-144	274	-863
+ (Inc) Dec in Accts Receiv	350	90	171	-105	-30	-165	-631	-95	-213	-125	-424	-690	301	-33	-862
+ (Inc) Dec in Inventories	-2	46	101	-24	-80	-53	25	-37	-135	18	-52	-205	-220	-358	97
+ (Inc) Dec in Prepaid Assets	16	-65	-51	13	43	-117	-92	-56	-78	-147	66	2	501	-88	27
+ Inc (Dec) in Accts Payable	-373	-52	-167	-5	-497	166	413	123	554	481	591	293	-1,127	1,628	87
+ Inc (Dec) in Other	-463	7	-153	199	309	-435	-946	-1,083	- -	- -	- -	- -	401	-875	-212
+ Net Cash From Disc Ops	-232	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2,115	2,640	2,483	2,593	2,162	2,813	2,613	3,827	4,297	4,305	3,567	2,901	3,875	4,388	4,757
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	205	84	155	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	205	84	155	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-488	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-488	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-2,295	-1,316	-2,371	-2,668	-3,182	-1,547	-393	-1,263	-744	-490	-3,705	-1,504	-1,500	-2,514	-1,624
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-2,295	-1,316	-2,371	-2,668	-3,182	-1,547	-393	-1,263	-744	-490	-3,705	-1,504	-1,500	-2,514	-1,624
+ Net Change in LT Investment	-250	250	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	197	- -	- -
+ Dec in LT Investment	200	250	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	197	- -	- -
+ Inc in LT Investment	-450	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	1,429	- -	- -	- -	- -	- -	- -	-7,657	- -	- -	3,400	- -	- -	- -	333
+ Cash from Divestitures	1,429	- -	- -	- -	- -	- -	- -	- -	- -	- -	3,400	- -	- -	- -	333
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	-7,657	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-11	-334	-346	-645	-431	-805	-889	-1,221	-1,207	-1,416	-1,426	-1,396	-1,779	-1,749	-1,488
+ Net Cash From Disc Ops	-63	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	680	-84	-346	-645	-431	-805	-889	-8,878	-1,207	-1,211	2,058	-1,241	-1,582	-1,749	-1,155
+ Dividends Paid	-543	-535	-545	-563	-603	-640	-689	-821	-880	-953	-983	-1,052	-1,116	-1,186	-1,293
+ Net Cash From Debt	-768	- -	1,964	- -	600	563	8,232	-2,596	-729	1,134	-2,236	- -	945	2,495	-502
+ Cash From Debt	- -	- -	2,841	- -	600	749	8,245	- -	- -	2,239	- -	- -	1,995	2,495	998
+ Repayments of Debt	-768	- -	-877	- -	- -	-186	-13	-2,596	-729	-1,105	-2,236	- -	-1,050	- -	-1,500
+ Other Financing Activities	112	155	103	-4	-90	-162	-190	85	-71	-123	-78	-57	-90	-190	-133
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-3,494	-1,696	-849	-3,235	-3,275	-1,786	6,960	-4,595	-2,424	-432	-7,002	-2,613	-1,761	-1,395	-3,552
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-699	860	1,288	-1,287	-1,544	222	8,684	-9,646	666	2,662	-1,377	-953	532	1,244	50
EBITDA	3,820	3,640	3,618	3,658	3,543	3,733	3,693	4,580	5,234	5,332	4,910	4,943	3,875	5,740	5,752
EBITDA Margin (%)	14.46	14.43	14.67	15.26	15.06	15.11	14.2	15.22	15.47	14.49	13.77	13.5	9.86	13.99	13.71
Free Cash Flow	1,627	2,640	2,483	2,593	2,162	2,813	2,613	3,827	4,297	4,305	3,567	2,901	3,875	4,388	4,757
Net Cash Paid for Acquisitions	-1,429	- -	- -	- -	- -	- -	- -	7,657	- -	- -	-3,400	- -	- -	- -	-333
Free Cash Flow to Firm	1,777	2,781	2,658	2,792	2,377	3,042	2,857	4,312	4,763	4,812	4,003	3,325	4,353	4,905	5,306
Free Cash Flow to Equity	859	2,640	4,447	2,593	2,762	3,376	10,845	1,231	3,568	5,644	1,415	3,056	4,820	6,883	4,255
Free Cash Flow per Basic Share	5.88	10.62	10.81	12.42	11.41	15.72	14.98	22.03	25.38	25.76	22.25	18.73	25.58	29.85	33.15
Price/Free Cash Flow	6.16	5.57	5.71	4.37	4.25	2.96	3.54	14.87	13.44	11.82	17.39	29.1	19.05	16.09	17.49
Cash Flow to Net Income	1	1.33	1.27	1.25	1.09	1.38	0.91	1.19	1.91	1.35	0.51	0.59	1.88	1.05	1.14
Capital Expenditures	-488	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -