Northern Trust Corporation

NTRS

NTRSNorthern Trust Corporation US flag

NASDAQ Global Select

143.56

USD

+1.31

(-0.97%)

8.58EPS

16.12P/E

26.68BMarket 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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	3,769	3,896	4,057	4,331	4,603	4,839	5,375	5,960	6,073	6,101	6,464	6,761	6,774	8,290	8,086
+ Sales & Services Revenue	3,769	3,896	4,057	4,331	4,603	4,839	5,375	5,960	6,073	6,101	6,464	6,761	6,774	8,290	8,086
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	1,674	1,681	1,718	1,794	1,879	1,993	2,226	2,323	2,371	2,435	2,556	2,814	2,912	2,978	3,164
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-1,674	-1,681	-1,718	-1,794	-1,879	-1,993	-2,226	-2,323	-2,371	-2,435	-2,556	-2,814	-2,912	-2,978	-3,164
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-884	-992	-1,076	-1,190	-1,465	-1,517	-1,634	-1,958	-1,944	-1,628	-2,010	-1,766	-1,465	-2,660	-2,340
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-884	-992	-1,076	-1,190	-1,465	-1,517	-1,634	-1,958	-1,944	-1,628	-2,010	-1,766	-1,465	-2,660	-2,340
Pretax Income	884	992	1,076	1,190	1,465	1,517	1,634	1,958	1,944	1,628	2,010	1,766	1,465	2,660	2,340
- Income Tax Expense (Benefit)	280	305	344	378	491	485	435	401	452	418	465	430	358	628	603
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	604	687	731	812	974	1,032	1,199	1,556	1,492	1,209	1,545	1,336	1,107	2,031	1,737
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	604	687	731	812	974	1,032	1,199	1,556	1,492	1,209	1,545	1,336	1,107	2,031	1,737
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	604	687	731	812	974	1,032	1,199	1,556	1,492	1,209	1,545	1,336	1,107	2,031	1,737
- Preferred Dividends	- -	- -	- -	10	23	23	50	46	46	56	42	42	42	42	42
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	604	687	731	802	950	1,009	1,149	1,510	1,446	1,153	1,504	1,294	1,066	1,989	1,695
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	265	289	318	336	352	373	422	461	459	500	516	554	635	717	779
EBITDA Margin (%)	7.03	7.43	7.85	7.75	7.64	7.71	7.85	7.73	7.56	8.2	7.98	8.19	9.37	8.65	9.63
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	16.01	17.64	18.03	18.74	21.16	21.34	22.31	26.11	24.57	19.82	23.9	19.76	16.35	24.5	21.48
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.13	1.47	0.92	1.28	1.5	1.57	1.78	2.02	2.69	3.03	3	3.82	3.2	3.2	3.31
Depreciation Expense	265	289	318	336	352	373	422	461	459	500	516	554	635	717	779
Basic Weighted Avg Shares	241	240	239	236	232	228	228	223	215	208	208	208	207	201	191
Basic EPS, GAAP	2.5	2.86	3.06	3.4	4.09	4.43	5.03	6.77	6.74	5.54	7.23	6.21	5.14	9.88	8.86
Basic EPS from Cont Ops	2.5	2.86	3.06	3.44	4.19	4.54	5.25	6.97	6.96	5.81	7.43	6.41	5.34	10.09	9.08
Diluted Weighted Avg Shares	242	241	241	238	234	229	230	224	216	209	209	209	208	202	192
Diluted EPS, GAAP	2.5	2.85	3.04	3.37	4.06	4.4	5	6.73	6.71	5.52	7.2	6.2	5.13	9.85	8.82
Diluted EPS from Cont Ops	2.5	2.85	3.04	3.41	4.16	4.51	5.22	6.93	6.92	5.79	7.4	6.4	5.33	10.06	9.03

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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	44,129	39,657	46,047	44,357	48,228	48,315	62,528	75,815	82,099	106,288	107,599	73,326	64,146	74,399	76,603
+ Cash & Cash Equivalents	34,460	30,176	35,471	35,365	36,986	36,807	50,609	38,926	43,222	64,266	69,588	46,626	41,057	45,397	61,127
+ ST Investments	9,669	9,481	10,576	8,991	11,241	11,508	11,919	36,889	38,876	42,022	38,010	26,700	23,090	29,002	15,475
+ Accounts & Notes Receiv	1,757	3,084	2,330	2,485	2,701	1,338	1,876	1,737	911	1,172	1,952	1,698	213	41	- -
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1,757	3,084	2,330	2,485	2,701	1,338	1,876	1,737	911	1,172	1,952	1,698	213	41	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-45,886	-42,741	-48,377	-46,842	-50,929	-49,653	-64,404	-77,552	-83,010	-107,459	-109,551	-75,024	-64,359	-74,440	-76,603
+ 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	-69	-190	-260	-173	-244	-303	-406	428	483	515	489	500	502	490	465
+ Property, Plant & Equip	494	470	459	444	447	467	465	1,317	1,467	1,613	1,221	1,250	1,331	1,331	1,325
- Accumulated Depreciation	564	660	718	617	691	770	871	889	984	1,098	732	750	829	841	861
+ LT Investments & Receivables	31,000	31,034	30,720	33,734	37,567	44,501	46,792	51,243	51,161	59,814	61,575	51,831	49,312	51,298	57,466
+ LT Investments	31,000	31,034	30,720	33,734	37,567	44,501	46,792	51,243	51,161	59,814	61,575	51,831	49,312	51,298	57,466
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-30,930	-30,843	-30,461	-33,561	-37,323	-44,198	-46,385	-51,671	-51,644	-60,328	-62,064	-52,332	-49,814	-51,788	-57,931
+ Total Intangible Assets	532	538	541	533	526	519	606	669	697	707	706	691	702	695	713
+ Goodwill	532	538	541	533	526	519	606	669	697	707	706	691	702	695	713
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-31,462	-31,381	-31,001	-34,094	-37,850	-44,717	-46,991	-52,341	-52,341	-61,036	-62,770	-53,023	-50,516	-52,483	-58,644
Total Assets	100,224	97,464	102,947	109,946	116,750	123,927	138,590	132,212	136,828	170,004	183,890	155,037	150,783	155,508	177,133
+ Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	932	- -	- -	- -	- -	- -	- -	- -	- -	- -	500	- -	- -	- -	- -
+ ST Borrowings	932	- -	- -	- -	- -	- -	- -	- -	- -	- -	500	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-932	- -	- -	- -	- -	- -	- -	- -	- -	- -	-500	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-932	- -	- -	- -	- -	- -	- -	- -	- -	- -	-500	- -	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	5,468	4,472	5,542	5,074	7,201	8,214	9,275	11,303	10,744	8,601	6,735	12,383	13,406	13,372	13,994
+ LT Borrowings	5,424	4,431	5,505	5,043	7,171	8,191	9,261	11,303	10,744	8,601	6,735	12,383	13,406	13,372	13,994
+ LT Finance Leases	45	41	37	32	30	23	14	- -	- -	701	663	- -	- -	- -	- -
+ Other LT Liabilities	-5,468	-4,472	-5,542	-5,074	-7,201	-8,214	-9,275	-11,303	-10,744	-8,601	-6,735	-12,383	-13,406	-13,372	-13,994
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-5,468	-4,472	-5,542	-5,074	-7,201	-8,214	-9,275	-11,303	-10,744	-8,601	-6,735	-12,383	-13,406	-13,372	-13,994
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	93,106	89,937	95,035	101,498	108,044	114,156	128,374	121,704	125,737	158,316	171,873	143,777	138,885	142,720	164,175
+ Preferred Equity and Hybrid Capital	- -	- -	- -	388	388	882	882	882	1,273	885	885	885	885	885	885
+ Share Capital & APIC	1,386	1,421	1,444	1,460	1,481	1,444	1,456	1,477	1,422	1,372	1,348	1,392	1,418	1,434	1,448
+ Common Stock	409	409	409	409	409	409	409	409	409	409	409	409	409	409	409
+ Additional Paid in Capital	978	1,013	1,036	1,051	1,072	1,036	1,047	1,068	1,013	964	939	984	1,010	1,025	1,039
- Treasury Stock	226	314	423	705	1,034	1,094	1,392	2,174	3,066	3,204	3,298	3,247	3,501	4,331	5,493
+ Retained Earnings	6,302	6,703	7,135	7,625	8,243	8,908	9,685	10,777	11,657	12,208	13,117	13,798	14,234	15,615	16,709
+ Other Equity	-346	-283	-244	-320	-373	-370	-414	-454	-195	428	-36	-1,569	-1,138	-814	-590
Equity Before Minority Interest	7,117	7,527	7,912	8,449	8,706	9,770	10,216	10,508	11,091	11,688	12,017	11,260	11,898	12,788	12,958
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	7,117	7,527	7,912	8,449	8,706	9,770	10,216	10,508	11,091	11,688	12,017	11,260	11,898	12,788	12,958
Total Liabilities & Equity	100,224	97,464	102,947	109,946	116,750	123,927	138,590	132,212	136,828	170,004	183,890	155,037	150,783	155,508	177,133
Shares Outstanding	241	239	237	233	229	229	226	219	210	208	208	208	205	196	186
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	45	41	37	32	30	23	14	- -	- -	701	663	- -	- -	- -	- -
Net Debt	-28,105	-25,745	-29,967	-30,322	-29,815	-28,615	-41,348	-27,623	-32,479	-55,665	-62,353	-34,243	-27,651	-32,025	-47,133
Net Debt to Equity	-394.89	-342.04	-378.75	-358.89	-342.47	-292.88	-404.73	-262.87	-292.84	-476.24	-518.89	-304.13	-232.4	-250.42	-363.74
Tangible Common Equity Ratio	6.61	7.21	7.2	6.88	6.7	6.78	6.33	6.81	6.7	5.96	5.69	6.27	6.87	7.24	6.44
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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	604	687	731	812	974	1,032	1,199	1,556	1,492	1,209	1,545	1,336	1,107	2,031	1,737
+ Depreciation & Amortization	265	289	318	336	352	373	422	461	459	500	516	554	635	717	779
+ Non-Cash Items	504	-1	289	76	-475	543	-314	748	-368	199	193	-428	903	-82	304
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	97	80	67	-36	-146	-176	-76	10	34	16	2	-143	-48	21	194
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	406	-81	222	112	-329	719	-238	738	-403	182	191	-286	951	-102	109
+ Chg in Non-Cash Work Cap	-118	-161	-500	-288	984	-439	414	-998	1,009	-12	-898	931	-19	-3,152	2,714
+ (Inc) Dec in Accts Receiv	-295	-23	-238	76	191	-258	-83	-327	-121	30	-424	119	-32	177	-147
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	5	-10	-11	-4	-8	- -	11	28	-24	-24	-8	173	86	-42	-25
+ Inc (Dec) in Other	172	-128	-251	-359	801	-180	486	-700	1,154	-18	-466	639	-73	-3,288	2,886
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,254	814	839	936	1,834	1,510	1,720	1,768	2,592	1,897	1,356	2,392	2,626	-486	5,534
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-371	-312	-385	-410	-434	-473	-473	-506	-600	-560	-515	-724	-676	-746	-774
+ Acq of Fixed Prod Assets	-97	-73	-92	-82	-98	-111	-92	-98	-158	-136	-96	-129	-116	-102	-74
+ Acq of Intangible Assets	-274	-239	-293	-328	-335	-362	-381	-408	-442	-425	-420	-595	-559	-644	-700
+ Cash (Repurchase) of Equity	-79	-162	-310	-481	-497	-411	-523	-924	-1,100	-300	-268	-35	-348	-938	-1,274
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-79	-162	-310	-481	-497	-411	-523	-924	-1,100	-300	-268	-35	-348	-938	-1,274
+ Net Change in LT Investment	-10,094	59	427	-3,422	-4,361	-7,971	-1,707	-5,065	383	-6,668	-3,650	6,782	3,644	-1,677	-4,768
+ Dec in LT Investment	23,356	23,404	14,310	16,384	15,204	15,344	20,028	28,995	27,348	44,407	64,982	44,181	43,738	37,858	37,798
+ Inc in LT Investment	-33,450	-23,345	-13,884	-19,807	-19,566	-23,315	-21,735	-34,060	-26,965	-51,075	-68,631	-37,398	-40,094	-39,535	-42,566
+ Net Cash From Acq & Div	-173	- -	- -	- -	- -	-17	-188	-104	-10	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-173	- -	- -	- -	- -	-17	-188	-104	-10	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-4,751	1,881	-5,725	-4,403	-2,105	-1,730	-11,653	10,002	-3,178	-22,695	-14,438	19,871	1,816	-141	-14,628
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-15,388	1,628	-5,683	-8,235	-6,900	-10,192	-14,022	4,327	-3,405	-29,923	-18,603	25,930	4,784	-2,564	-20,170
+ Dividends Paid	-274	-354	-221	-303	-348	-356	-407	-452	-576	-630	-625	-797	-663	-644	-633
+ Net Cash From Debt	-381	-424	-54	-640	-231	-7	141	184	498	485	-779	1,489	2,000	- -	-100
+ Cash From Debt	500	500	750	- -	- -	- -	350	498	498	993	- -	1,989	2,000	- -	1,250
+ Repayments of Debt	-881	-924	-804	-640	-231	-7	-209	-314	- -	-509	-779	-500	- -	- -	-1,350
+ Other Financing Activities	16,537	-2,132	4,973	8,497	9,610	8,311	12,041	-4,626	1,794	28,318	17,745	-27,094	-8,172	5,021	17,183
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	15,804	-3,073	4,388	7,074	8,534	7,537	11,253	-5,818	616	27,872	16,074	-26,437	-7,183	3,440	15,176
Effect of Foreign Exchange Rates	-172	68	-135	87	-71	59	235	-213	75	85	-160	-287	-90	-504	656
Net Changes in Cash	1,670	-631	-456	-225	3,468	-1,145	-1,048	276	-197	-154	-1,173	1,885	227	390	540
EBITDA	265	289	318	336	352	373	422	461	459	500	516	554	635	717	779
EBITDA Margin (%)	7.03	7.43	7.85	7.75	7.64	7.71	7.85	7.73	7.56	8.2	7.98	8.19	9.37	8.65	9.63
Free Cash Flow	883	502	454	526	1,401	1,037	1,248	1,262	1,992	1,336	841	1,669	1,950	-1,232	4,759
Net Cash Paid for Acquisitions	173	- -	- -	- -	- -	17	188	104	10	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	883	502	454	526	1,401	1,037	1,248	1,262	1,992	1,336	841	1,669	1,950	-1,232	4,759
Free Cash Flow to Equity	777	317	693	593	1,482	1,862	1,720	1,807	3,277	1,801	440	3,711	4,467	-629	5,318
Free Cash Flow per Basic Share	3.66	2.09	1.9	2.23	6.03	4.55	5.47	5.65	9.29	6.42	4.04	8.01	9.41	-6.12	24.87
Price/Free Cash Flow	5.9	10.72	12.16	11.91	7.45	10.29	10.46	8.25	7.18	7.92	13.35	5.93	5.31	79.74	4.16
Cash Flow to Net Income	2.08	1.18	1.15	1.15	1.88	1.46	1.43	1.14	1.74	1.57	0.88	1.79	2.37	-0.24	3.19
Capital Expenditures	-371	-312	-385	-410	-434	-473	-473	-506	-600	-560	-515	-724	-676	-746	-774