Outfront Media Inc.

OUT

OUTOutfront Media Inc. US flag

New York Stock Exchange

31.02

USD

-0.32

- -

5.46BMarket Cap

Income Statement (USD)

MCP 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	1,277	1,285	1,294	1,354	1,514	1,514	1,520	1,606	1,782	1,236	1,464	1,772	1,821	1,831	1,832
+ Sales & Services Revenue	1,277	1,285	1,294	1,354	1,514	1,514	1,520	1,606	1,782	1,236	1,464	1,772	1,821	1,831	1,832
- Cost of Revenue	689	700	687	726	833	818	835	860	959	711	784	917	963	949	918
+ Cost of Goods & Services	689	700	687	726	833	818	835	860	959	711	784	917	963	949	918
Gross Profit	588	584	607	627	681	696	685	746	824	526	680	856	858	882	913
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	390	379	396	426	487	489	452	472	518	461	514	573	590	599	602
+ Selling, General & Admin	178	182	200	224	258	265	262	330	372	315	368	422	430	448	442
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	212	197	196	202	229	224	190	142	146	146	145	151	160	152	160
Operating Income (Loss)	197	206	212	201	193	207	234	274	306	65	166	283	267	282	311
- Non-Operating (Income) Loss	4	6	-26	103	222	116	109	166	160	123	135	132	687	13	165
+ Interest Expense, Net	- -	- -	- -	73	108	107	111	120	135	131	130	132	158	156	146
+ Interest Expense	- -	- -	- -	73	108	107	111	120	135	131	130	132	158	156	146
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	4	6	-26	30	114	8	-2	46	25	-8	4	- -	528	-143	18
Pretax Income	193	200	238	98	-29	91	125	109	146	-58	32	150	-419	269	146
- Income Tax Expense (Benefit)	88	89	97	-206	5	5	4	5	11	1	-3	9	4	11	2
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	107	113	144	307	-29	91	126	108	141	-60	36	144	-424	259	147
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	1	2	2	2	1	1	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	1	2	2	2	1	1	- -
Income (Loss) Incl. MI	107	113	144	307	-29	91	126	108	140	-62	35	142	-426	258	147
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1	-1	-1	- -	- -
Net Income, GAAP	107	113	144	307	-29	91	126	108	140	-61	36	143	-425	258	147
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	20	28	12	9	9	8
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	107	113	144	307	-29	91	126	108	140	-80	8	131	-434	249	139
EBIT	197	206	212	201	193	207	234	274	306	65	166	283	267	282	311
EBITDA	409	403	407	403	422	431	424	416	452	210	312	433	428	434	472
EBITDA Margin (%)	32.05	31.35	31.48	29.77	27.9	28.47	27.86	25.91	25.36	17.02	21.29	24.46	23.5	23.7	25.74
EBITA	197	206	212	201	193	207	234	274	306	65	166	283	267	282	311
Gross Margin (%)	46.02	45.5	46.92	46.34	44.97	45.96	45.07	46.46	46.21	42.51	46.44	48.28	47.1	48.17	49.86
Operating Margin (%)	15.46	16.03	16.34	14.83	12.77	13.66	15.38	17.08	17.15	5.23	11.36	15.95	14.68	15.43	17
Profit Margin (%)	8.39	8.83	11.09	22.67	-1.94	6	8.27	6.72	7.86	-4.93	2.43	8.05	-23.35	14.1	8.03
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	2.3	- -	1.99	20.01	1.46	1.4	1.49	1.5	1.5	0.53	0.41	1.31	1.29	1.29	1.25
Depreciation Expense	212	197	196	202	229	224	190	142	146	146	145	151	160	152	160
Basic Weighted Avg Shares	117	117	117	112	134	135	135	136	139	141	142	157	161	162	168
Basic EPS, GAAP	0.91	0.97	1.23	2.75	-0.22	0.68	0.93	0.79	1.01	-0.57	0.05	0.83	-2.7	1.54	0.83
Basic EPS from Cont Ops	0.91	0.97	1.23	2.75	-0.22	0.68	0.93	0.79	1.01	-0.43	0.26	0.92	-2.64	1.6	0.88
Diluted Weighted Avg Shares	117	117	117	112	134	135	136	136	140	141	143	158	161	171	169
Diluted EPS, GAAP	0.91	0.97	1.23	2.74	-0.22	0.67	0.93	0.79	1	-0.57	0.05	0.83	-2.7	1.46	0.82
Diluted EPS from Cont Ops	0.91	0.97	1.23	2.74	-0.22	0.67	0.93	0.79	1.01	-0.43	0.26	0.91	-2.64	1.51	0.87

Balance Sheet (USD)

MCP 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	344	315	317	355	412	378	376	430	436	975	777	390	398	386	504
+ Cash, Cash Equivalents & STI	38	20	30	28	102	65	48	53	59	710	425	40	36	47	100
+ Cash & Cash Equivalents	38	20	30	28	102	65	48	53	59	710	425	40	36	47	100
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	185	175	179	218	210	222	231	265	290	209	310	316	288	305	366
+ Accounts Receivable, Net	185	175	179	218	210	222	231	265	290	209	310	316	288	305	366
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	121	120	109	109	101	91	97	112	87	55	42	34	74	34	38
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3,260	3,150	3,038	3,668	3,403	3,360	3,432	3,399	4,946	4,922	5,147	5,600	5,185	4,829	4,808
+ Property, Plant & Equip, Net	858	808	755	783	702	665	662	653	2,123	2,056	2,413	2,626	2,250	2,153	2,165
+ Property, Plant & Equip	1,843	1,879	1,892	1,976	1,886	1,961	2,045	2,089	3,651	3,645	4,066	4,323	3,674	3,634	3,648
- Accumulated Depreciation	985	1,071	1,137	1,193	1,184	1,296	1,382	1,436	1,528	1,590	1,653	1,698	1,425	1,481	1,483
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2,401	2,342	2,283	2,885	2,702	2,695	2,770	2,746	2,823	2,867	2,734	2,974	2,936	2,677	2,643
+ Total Intangible Assets	2,352	2,297	2,230	2,787	2,645	2,635	2,709	2,617	2,634	2,625	2,693	2,935	2,702	2,658	2,618
+ Goodwill	1,872	1,877	1,866	2,154	2,075	2,089	2,128	2,080	2,083	2,078	2,078	2,076	2,006	2,006	2,006
+ Other Intangible Assets	480	420	364	633	570	545	581	537	551	548	615	858	695	652	612
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	49	45	53	98	56	61	61	129	189	241	42	39	234	18	24
Total Assets	3,603	3,465	3,356	4,024	3,816	3,738	3,808	3,829	5,382	5,897	5,925	5,990	5,583	5,215	5,312
+ Payables & Accruals	127	135	136	175	167	183	145	151	184	193	196	209	226	223	213
+ Accounts Payable	73	78	80	75	84	86	56	56	68	65	65	65	56	51	50
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	54	57	56	100	84	97	89	94	116	128	131	144	170	172	163
+ ST Debt	- -	- -	- -	- -	- -	- -	80	160	363	256	188	218	246	179	173
+ ST Borrowings	- -	- -	- -	- -	- -	- -	80	160	195	80	- -	30	65	10	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	168	176	188	188	181	169	173
+ Other ST Liabilities	70	70	77	80	98	69	75	92	103	85	124	124	121	119	159
+ Deferred Revenue	15	16	23	19	21	20	21	30	29	30	31	35	38	43	58
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	55	55	54	62	78	48	53	62	74	56	93	89	84	76	102
Total Current Liabilities	197	206	212	255	266	252	300	403	650	535	508	552	593	521	545
+ LT Debt	- -	- -	1,520	2,198	2,222	2,137	2,145	2,150	3,507	3,873	3,929	3,995	4,094	3,834	3,958
+ LT Borrowings	- -	- -	1,520	2,198	2,222	2,137	2,145	2,150	2,222	2,621	2,621	2,626	2,676	2,482	2,583
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1,285	1,252	1,308	1,369	1,417	1,352	1,375
+ Other LT Liabilities	416	415	-1,131	125	115	117	137	131	99	106	98	94	166	76	74
+ Accrued Liabilities	322	314	288	17	11	8	20	17	18	15	17	15	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	94	102	-1,420	107	104	109	117	114	81	91	80	79	166	76	74
Total Noncurrent Liabilities	416	415	389	2,323	2,337	2,254	2,282	2,281	3,606	3,978	4,026	4,089	4,260	3,910	4,032
Total Liabilities	612	621	601	2,578	2,603	2,506	2,582	2,683	4,256	4,513	4,534	4,641	4,853	4,431	4,578
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	383	383	120	120	120	- -
+ Share Capital & APIC	3,066	2,910	2,830	1,913	1,936	1,951	1,964	1,996	2,076	2,092	2,120	2,418	2,404	2,495	2,621
+ Common Stock	3,066	2,910	2,830	1	1	1	1	1	1	1	2	2	2	2	2
+ Additional Paid in Capital	- -	- -	- -	1,911	1,934	1,950	1,963	1,995	2,075	2,091	2,119	2,416	2,402	2,494	2,619
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	- -	-377	-602	-700	-776	-872	-965	-1,100	-1,122	-1,183	-1,821	-1,846	-1,911
+ Other Equity	-76	-66	-75	-90	-121	-18	-8	-22	-18	-18	-4	-9	-6	- -	- -
Equity Before Minority Interest	2,991	2,844	2,754	1,446	1,213	1,233	1,181	1,103	1,094	1,357	1,378	1,345	697	769	710
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	46	42	33	26	13	4	33	15	24
Total Equity	2,991	2,844	2,754	1,446	1,213	1,233	1,227	1,145	1,126	1,384	1,390	1,349	730	784	734
Total Liabilities & Equity	3,603	3,465	3,356	4,024	3,816	3,738	3,808	3,829	5,382	5,897	5,925	5,990	5,583	5,215	5,312
Shares Outstanding	117	117	117	133	134	135	135	137	140	141	142	160	161	162	175
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	1,453	1,428	1,496	1,557	1,598	1,520	1,548
Net Debt	-38	-20	1,490	2,170	2,120	2,072	2,177	2,257	2,358	1,990	2,196	2,616	2,706	2,446	2,484
Net Debt to Equity	-1.26	-0.71	54.1	150.11	174.86	168.01	177.48	197.06	209.34	143.85	157.91	193.86	370.57	311.94	338.4
Tangible Common Equity Ratio	51.05	46.82	46.59	-108.55	-122.41	-126.99	-134.84	-121.44	-54.86	-49.67	-52.15	-55.82	-72.59	-78	-69.97
Current Ratio	1.75	1.53	1.49	1.39	1.55	1.5	1.26	1.07	0.67	1.82	1.53	0.71	0.67	0.74	0.92
Cash Conversion Cycle	7.14	11.9	8.01	14.44	16.69	14.27	23.42	32.46	33.14	39.59	34.57	38.53	37.55	38.54	46.67

Cash Flow Statement (USD)

MCP 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	107	113	144	307	-29	91	126	108	140	-61	36	143	-425	258	147
+ Depreciation & Amortization	212	197	196	202	229	224	190	142	146	146	145	151	160	152	160
+ Non-Cash Items	47	11	-31	-214	96	-9	-23	66	63	40	34	53	552	-114	42
+ Stock-Based Compensation	5	6	8	16	15	18	20	20	22	24	29	34	28	31	30
+ Deferred Income Taxes	33	-7	-16	-250	-2	-2	-5	- -	- -	-3	-5	5	- -	-1	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	43	- -	- -	2	- -	511	- -	- -
+ Other Non-Cash Adj	10	12	-23	19	83	-26	-38	3	40	19	8	15	12	-144	12
+ Chg in Non-Cash Work Cap	-24	-15	-27	-32	-3	-19	-44	-102	-72	6	-116	-92	-33	4	-41
+ (Inc) Dec in Accts Receiv	8	8	-7	-1	-13	-12	-10	-37	-30	61	-95	-11	-4	-23	-67
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	1	4	10	-6	-3	- -	-4	-75	-88	-59	-60	-77	-27	- -	-3
+ Inc (Dec) in Accts Payable	-34	-26	-32	-6	10	-7	-32	24	37	-13	39	5	-9	14	4
+ Inc (Dec) in Other	1	- -	2	-19	3	- -	2	-13	8	16	- -	-9	7	13	25
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	342	306	281	263	293	287	249	214	277	131	99	254	254	299	308
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	-1	-13	-24	-24	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	-1	-13	-24	-24	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	615	- -	- -	- -	15	51	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	615	- -	- -	- -	15	51	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-7	- -	17	-734	-3	23	-64	5	-62	24	-134	-354	-34	-20	-12
+ Cash from Divestitures	1	- -	29	4	9	91	6	12	7	42	3	- -	- -	1	2
+ Cash for Acq of Subs	-8	- -	-12	-739	-12	-68	-69	-7	-70	-18	-136	-354	-34	-21	-13
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-46	-48	-61	-64	-59	-59	-71	-82	-90	-54	-90	-95	-74	228	-102
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-53	-48	-44	-798	-62	-37	-135	-90	-176	-53	-224	-450	-108	208	-114
+ Dividends Paid	-269	- -	-233	-2,232	-196	-189	-202	-204	-208	-75	-58	-206	-207	-208	-210
+ Net Cash From Debt	- -	- -	- -	2,197	54	-90	88	80	114	285	-80	30	85	-255	89
+ Cash From Debt	- -	- -	- -	2,197	209	35	258	349	1,775	910	500	30	570	145	589
+ Repayments of Debt	- -	- -	- -	- -	-155	-125	-170	-269	-1,662	-625	-580	- -	-485	-400	-500
+ Other Financing Activities	2	-277	6	-44	-6	-8	-18	-9	-51	363	-25	-12	-30	-32	-20
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-267	-277	-227	537	-149	-286	-132	-118	-94	573	-162	-188	-152	-495	-141
Effect of Foreign Exchange Rates	-4	2	-1	-2	-3	- -	1	- -	- -	1	- -	-1	- -	- -	- -
Net Changes in Cash	22	-19	10	1	82	-36	-18	6	6	650	-287	-383	-5	11	53
EBITDA	409	403	407	403	422	431	424	416	452	210	312	433	428	434	472
EBITDA Margin (%)	32.05	31.35	31.48	29.77	27.9	28.47	27.86	25.91	25.36	17.02	21.29	24.46	23.5	23.7	25.74
Free Cash Flow	342	306	281	263	293	287	248	201	253	107	99	254	254	299	308
Net Cash Paid for Acquisitions	7	- -	-17	734	3	-23	64	-5	62	-24	134	354	34	20	12
Free Cash Flow to Firm	342	306	281	- -	- -	388	356	316	378	- -	- -	378	- -	449	452
Free Cash Flow to Equity	342	306	281	2,460	347	197	338	294	390	780	-9	8	330	35	269
Free Cash Flow per Basic Share	2.92	2.61	2.4	2.36	2.19	2.13	1.84	1.48	1.82	0.76	0.7	1.62	1.58	1.85	1.83
Price/Free Cash Flow	- -	- -	- -	11.44	9.98	11.7	12.57	10.85	12.46	17.87	38.71	10.3	8.84	10.38	13.26
Cash Flow to Net Income	3.19	2.7	1.96	0.86	-9.97	3.16	1.98	1.99	1.98	-2.14	2.78	1.78	-0.6	1.16	2.09
Capital Expenditures	- -	- -	- -	- -	- -	- -	-1	-13	-24	-24	- -	- -	- -	- -	- -