Royal Caribbean Cruises Ltd.

RCL

RCLRoyal Caribbean Cruises Ltd. US flag

New York Stock Exchange

309.53

USD

+0.17

- -

83.01BMarket Cap

Income Statement (USD)

API ChatGPT

	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	7,537	7,688	7,960	8,074	8,299	8,496	8,778	9,494	10,951	2,209	1,532	8,840	13,900	16,485	17,934
+ Sales & Services Revenue	7,537	7,688	7,960	8,074	8,299	8,496	8,778	9,494	10,951	2,209	1,532	8,840	13,900	16,485	17,934
- Cost of Revenue	4,943	5,157	5,305	5,306	5,099	5,016	4,897	5,262	6,063	2,765	2,739	6,616	7,775	8,652	9,083
+ Cost of Goods & Services	4,943	5,157	5,305	5,306	5,099	5,016	4,897	5,262	6,063	2,765	2,739	6,616	7,775	8,652	9,083
Gross Profit	2,595	2,531	2,655	2,768	3,200	3,481	3,881	4,232	4,888	-556	-1,207	2,224	6,125	7,833	8,851
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,663	1,742	1,800	1,821	1,914	2,004	2,137	2,337	2,805	2,479	2,663	2,990	3,247	3,725	3,941
+ Selling, General & Admin	961	1,012	1,045	1,049	1,087	1,109	1,186	1,303	1,559	1,200	1,370	1,583	1,792	2,125	2,223
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	702	730	755	772	827	895	951	1,034	1,246	1,279	1,293	1,407	1,455	1,600	1,718
Operating Income (Loss)	932	789	855	946	1,286	1,477	1,744	1,895	2,083	-3,035	-3,870	-766	2,878	4,108	4,910
- Non-Operating (Income) Loss	324	770	381	182	620	194	119	79	175	2,740	1,390	1,390	1,168	1,165	537
+ Interest Expense, Net	357	334	319	248	266	287	270	301	382	823	1,275	1,328	1,366	1,574	968
+ Interest Expense	382	356	332	258	278	307	300	334	409	844	1,292	1,364	1,402	1,590	992
- Interest Income	25	21	14	10	12	21	30	33	27	21	17	36	36	16	24
+ Other Non-Op (Income) Loss	-33	436	63	-66	355	-93	-151	-222	-206	1,917	115	62	-198	-409	-431
Pretax Income	607	18	474	764	666	1,283	1,625	1,816	1,908	-5,775	-5,260	-2,156	1,710	2,943	4,373
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	6	46	82
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	607	18	474	764	666	1,283	1,625	1,816	1,908	-5,775	-5,260	-2,156	1,704	2,897	4,291
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	10	57	45	- -	- -	14	38	46
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	10	57	45	- -	- -	14	38	46
Income (Loss) Incl. MI	607	18	474	764	666	1,283	1,625	1,806	1,850	-5,820	-5,260	-2,156	1,690	2,859	4,245
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	-5	-29	-22	- -	- -	-7	-18	-23
Net Income, GAAP	607	18	474	764	666	1,283	1,625	1,811	1,879	-5,797	-5,260	-2,156	1,697	2,877	4,268
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	607	18	474	764	666	1,283	1,625	1,811	1,879	-5,797	-5,260	-2,156	1,697	2,877	4,268
EBIT	932	789	855	946	1,286	1,477	1,744	1,895	2,083	-3,035	-3,870	-766	2,878	4,108	4,910
EBITDA	1,634	1,519	1,610	1,719	2,113	2,372	2,695	2,928	3,329	-1,756	-2,577	641	4,333	5,708	6,628
EBITDA Margin (%)	21.68	19.76	20.22	21.29	25.46	27.92	30.71	30.85	30.4	-79.5	-168.21	7.25	31.17	34.63	36.96
EBITA	932	789	855	946	1,286	1,477	1,744	1,895	2,083	-3,035	-3,870	-766	2,878	4,108	4,910
Gross Margin (%)	34.42	32.92	33.35	34.28	38.55	40.97	44.22	44.57	44.64	-25.19	-78.79	25.16	44.06	47.52	49.35
Operating Margin (%)	12.36	10.26	10.74	11.72	15.5	17.39	19.87	19.96	19.02	-137.41	-252.61	-8.67	20.71	24.92	27.38
Profit Margin (%)	8.06	0.24	5.95	9.46	8.02	15.11	18.51	19.08	17.16	-262.47	-343.34	-24.39	12.21	17.45	23.8
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.1	0.54	0.65	0.9	1.28	1.61	2.04	2.51	2.88	1.52	- -	- -	- -	0.41	3.04
Depreciation Expense	702	730	755	772	827	895	951	1,034	1,246	1,279	1,293	1,407	1,455	1,600	1,718
Basic Weighted Avg Shares	217	218	220	222	220	215	215	211	209	214	252	255	256	261	271
Basic EPS, GAAP	2.8	0.08	2.16	3.45	3.03	5.96	7.57	8.6	8.97	-27.05	-20.89	-8.45	6.63	11.02	15.75
Basic EPS from Cont Ops	2.8	0.08	2.16	3.45	3.03	5.96	7.57	8.62	9.11	-26.94	-20.89	-8.45	6.66	11.1	15.83
Diluted Weighted Avg Shares	219	219	221	223	221	216	216	212	210	214	252	255	283	279	274
Diluted EPS, GAAP	2.77	0.08	2.14	3.43	3.02	5.93	7.53	8.56	8.95	-27.05	-20.89	-8.45	6	10.31	15.58
Diluted EPS from Cont Ops	2.77	0.08	2.14	3.43	3.02	5.93	7.53	8.58	9.09	-26.94	-20.89	-8.45	6.02	10.38	15.66

Balance Sheet (USD)

API ChatGPT

	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	969	888	956	801	837	748	908	1,242	1,163	4,312	3,600	3,205	1,792	1,705	2,211
+ Cash, Cash Equivalents & STI	262	195	205	189	122	133	120	288	244	3,684	2,702	1,935	497	388	825
+ Cash & Cash Equivalents	262	195	205	189	122	133	120	288	244	3,684	2,702	1,935	497	388	825
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	292	281	260	261	239	292	319	325	306	284	408	531	405	371	317
+ Accounts Receivable, Net	292	281	260	261	239	292	319	325	306	284	408	531	405	371	317
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	145	146	151	123	121	114	111	154	162	119	150	224	248	265	264
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	145	146	151	123	121	114	111	154	162	119	150	224	248	265	264
+ Other ST Assets	270	265	341	227	355	210	357	476	451	224	340	515	642	681	805
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	18,835	18,940	19,117	19,912	19,945	21,562	21,453	26,456	29,158	28,153	28,658	30,571	33,339	35,365	39,408
+ Property, Plant & Equip, Net	16,935	17,451	17,518	18,194	18,778	20,161	19,735	23,466	26,154	25,847	26,450	28,084	30,725	32,508	36,316
+ Property, Plant & Equip	22,270	23,443	24,271	25,280	26,219	28,143	27,780	32,435	36,237	35,864	37,630	40,613	44,535	47,817	53,292
- Accumulated Depreciation	5,335	5,992	6,754	7,086	7,441	7,981	8,045	8,969	10,083	10,017	11,180	12,529	13,810	15,309	16,976
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,900	1,489	1,599	1,718	1,167	1,401	1,718	2,990	3,003	2,307	2,208	2,487	2,614	2,857	3,092
+ Total Intangible Assets	747	433	439	421	287	288	289	1,880	1,874	1,254	1,244	809	809	808	808
+ Goodwill	747	433	439	421	287	288	289	1,378	1,386	809	809	809	809	808	808
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	502	489	445	435	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1,154	1,056	1,160	1,298	880	1,112	1,430	1,110	1,129	1,053	964	1,678	1,805	2,049	2,284
Total Assets	19,804	19,828	20,073	20,713	20,782	22,310	22,361	27,698	30,320	32,465	32,258	33,776	35,131	37,070	41,619
+ Payables & Accruals	993	1,000	1,015	1,016	999	1,044	1,311	1,463	1,712	1,222	1,686	2,106	2,270	2,554	2,979
+ Accounts Payable	305	352	372	332	302	305	360	488	564	353	546	647	792	919	953
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	688	648	642	684	697	738	950	974	1,148	868	1,140	1,459	1,478	1,635	2,026
+ ST Debt	639	1,519	1,563	800	900	1,286	1,189	2,422	2,718	1,474	2,312	2,168	1,785	1,677	3,270
+ ST Borrowings	639	1,519	1,563	800	900	1,286	1,189	2,422	2,621	1,371	2,243	2,088	1,720	1,603	3,180
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	97	103	69	80	65	74	90
+ Other ST Liabilities	1,436	1,547	1,689	2,034	2,394	2,112	2,356	3,227	3,523	1,842	3,288	4,299	5,346	5,586	5,806
+ Deferred Revenue	1,436	1,547	1,665	1,767	1,742	1,965	2,308	3,149	3,428	1,785	3,161	4,168	5,311	5,496	5,739
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	24	267	652	147	47	78	95	57	127	131	35	90	67
Total Current Liabilities	3,068	4,066	4,267	3,849	4,293	4,442	4,855	7,112	7,953	4,537	7,286	8,573	9,401	9,817	12,055
+ LT Debt	7,857	6,970	6,511	7,644	7,628	8,102	6,351	8,355	9,016	18,522	19,382	21,826	20,345	19,143	18,765
+ LT Borrowings	7,857	6,970	6,511	7,644	7,628	8,102	6,351	8,355	8,414	17,958	18,847	21,303	19,732	18,473	18,165
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	602	564	535	523	613	670	600
+ Other LT Liabilities	472	483	486	935	799	646	453	583	618	646	505	508	486	375	554
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	472	483	486	935	799	646	453	583	618	646	505	508	486	375	554
Total Noncurrent Liabilities	8,329	7,453	6,998	8,580	8,426	8,747	6,804	8,939	9,634	19,167	19,887	22,334	20,831	19,518	19,319
Total Liabilities	11,397	11,519	11,265	12,429	12,719	13,189	11,659	16,051	17,586	23,705	27,173	30,907	30,232	29,335	31,374
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	3,074	3,112	3,161	3,256	3,300	3,331	3,392	3,423	3,496	6,001	7,560	7,288	7,477	7,834	7,967
+ Common Stock	2	2	2	2	2	2	2	2	2	3	3	3	3	3	3
+ Additional Paid in Capital	3,072	3,110	3,159	3,254	3,298	3,329	3,390	3,421	3,494	5,999	7,557	7,285	7,474	7,831	7,964
- Treasury Stock	414	414	414	650	853	1,153	1,378	1,953	2,058	2,064	2,066	2,068	2,069	2,081	3,251
+ Retained Earnings	5,823	5,745	6,055	6,575	6,945	7,860	9,022	10,263	11,523	5,563	302	-1,707	-10	2,612	5,925
+ Other Equity	-76	-135	6	-897	-1,328	-916	-334	-628	-798	-739	-711	-644	-674	-802	-604
Equity Before Minority Interest	8,408	8,309	8,808	8,284	8,063	9,121	10,702	11,105	12,164	8,761	5,086	2,869	4,724	7,563	10,037
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	542	570	- -	- -	- -	175	172	208
Total Equity	8,408	8,309	8,808	8,284	8,063	9,121	10,702	11,647	12,734	8,761	5,086	2,869	4,899	7,735	10,245
Total Liabilities & Equity	19,804	19,828	20,073	20,713	20,782	22,310	22,361	27,698	30,320	32,465	32,258	33,776	35,131	37,070	41,619
Shares Outstanding	217	219	220	219	218	215	213	209	209	237	255	255	256	269	270
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	699	667	604	603	678	744	690
Net Debt	8,234	8,295	7,870	8,255	8,406	9,255	7,419	10,490	10,791	15,645	18,389	21,456	20,955	19,688	20,520
Net Debt to Equity	97.93	99.84	89.35	99.64	104.25	101.46	69.32	90.06	84.74	178.58	361.58	747.86	427.74	254.53	200.29
Tangible Common Equity Ratio	40.2	40.61	42.63	38.75	37.94	40.11	47.18	37.83	38.18	24.05	12.39	6.25	11.92	19.1	23.12
Current Ratio	0.32	0.22	0.22	0.21	0.19	0.17	0.19	0.17	0.15	0.95	0.49	0.37	0.19	0.17	0.18
Cash Conversion Cycle	3.19	0.7	-2.23	-3.1	-2.92	-2.16	-3.72	-7.63	-11.61	5.78	41.13	-2.84	-10.3	-16.61	-19.99

Cash Flow Statement (USD)

API ChatGPT

	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	607	18	474	764	666	1,283	1,625	1,816	1,908	-5,775	-5,260	-2,156	1,704	2,896	4,291
+ Depreciation & Amortization	702	730	755	772	827	895	951	1,034	1,246	1,279	1,293	1,407	1,455	1,600	1,718
+ Non-Cash Items	20	471	69	77	487	77	-40	195	118	2,095	609	257	147	565	73
+ Stock-Based Compensation	- -	- -	- -	26	36	33	69	46	76	40	64	36	126	267	175
+ Deferred Income Taxes	- -	29	1	-41	-10	3	2	-3	8	-9	-43	-22	-8	- -	18
+ Asset Impairment Charge	- -	385	34	- -	411	- -	- -	34	- -	1,566	82	1	- -	- -	- -
+ Other Non-Cash Adj	20	56	34	92	49	42	-111	118	34	498	506	242	29	298	-120
+ Chg in Non-Cash Work Cap	125	162	114	130	-33	261	338	434	445	-1,331	1,480	973	1,171	204	383
+ (Inc) Dec in Accts Receiv	88	8	95	100	63	5	-32	-10	-10	121	-182	-234	99	52	-3
+ (Inc) Dec in Inventories	-18	-2	-4	26	1	-2	2	-24	-9	27	-35	-74	-24	-17	- -
+ (Inc) Dec in Prepaid Assets	-17	-2	-23	21	-2	12	21	-72	16	296	-152	-153	-184	-137	-100
+ Inc (Dec) in Accts Payable	54	54	9	-33	-2	58	72	153	167	-132	422	427	137	120	243
+ Inc (Dec) in Other	19	104	37	15	-93	189	275	386	280	-1,644	1,427	1,007	1,143	186	243
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,456	1,382	1,412	1,744	1,946	2,517	2,875	3,479	3,716	-3,732	-1,878	481	4,477	5,265	6,465
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	345	10	- -	220	- -	- -	230	- -	- -	28	176	- -	13	- -	- -
+ Disp of Fixed Prod Assets	345	10	- -	220	- -	- -	230	- -	- -	28	176	- -	13	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1,174	-1,291	-764	-1,811	-1,613	-2,494	-564	-3,660	-3,025	-1,965	-2,230	-2,710	-3,897	-3,268	-5,229
+ Acq of Fixed Prod Assets	-1,174	-1,291	-764	-1,811	-1,613	-2,494	-564	-3,660	-3,025	-1,965	-2,230	-2,710	-3,897	-3,268	-5,229
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	-236	-200	-300	-225	-575	-100	1,431	1,622	- -	- -	- -	-1,159
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,431	1,622	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	-236	-200	-300	-225	-575	-100	- -	- -	- -	- -	- -	-1,159
+ Net Change in LT Investment	16	-11	-17	-68	-179	-213	63	-22	-61	-145	-30	-303	-51	-116	176
+ Dec in LT Investment	16	- -	- -	- -	- -	111	63	77	8	16	44	53	35	14	200
+ Inc in LT Investment	- -	-11	-17	-68	-179	-324	- -	-98	-69	-161	-74	-356	-86	-130	-24
+ Net Cash From Acq & Div	-111	- -	-71	-189	-56	-9	-10	-930	-26	-101	-70	- -	-31	-67	-106
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	13	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-111	- -	-71	-189	-56	-9	-10	-943	-26	-101	-70	- -	-31	-67	-106
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-2	29	27	78	105	-8	68	123	20	5	9	26	43	5	147
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-925	-1,263	-825	-1,770	-1,743	-2,725	-214	-4,489	-3,091	-2,179	-2,145	-2,987	-3,923	-3,446	-5,012
+ Dividends Paid	-22	-118	-144	-199	-280	-346	-437	-527	-603	-326	- -	- -	- -	-107	-824
+ Net Cash From Debt	-601	-3	-407	430	281	973	-1,968	2,392	93	8,630	1,621	2,009	-2,005	-1,625	1,135
+ Cash From Debt	1,578	2,558	2,449	4,154	4,400	7,339	5,867	13,321	29,766	20,313	4,468	9,787	7,641	10,318	4,671
+ Repayments of Debt	-2,179	-2,561	-2,856	-3,724	-4,119	-6,366	-7,835	-10,929	-29,673	-11,683	-2,847	-7,778	-9,646	-11,943	-3,536
+ Other Financing Activities	-54	-59	-26	23	-54	-83	-45	-91	-61	-385	-202	-268	12	-190	-170
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-677	-180	-577	17	-254	244	-2,676	1,198	-670	9,350	3,041	1,741	-1,993	-1,922	-1,018
Effect of Foreign Exchange Rates	-12	-6	-1	-6	-18	-25	2	-20	1	1	- -	-2	1	-6	2
Net Changes in Cash	-145	-61	11	-9	-50	36	-15	188	-45	3,440	-982	-765	-1,439	-103	435
EBITDA	1,634	1,519	1,610	1,719	2,113	2,372	2,695	2,928	3,329	-1,756	-2,577	641	4,333	5,708	6,628
EBITDA Margin (%)	21.68	19.76	20.22	21.29	25.46	27.92	30.71	30.85	30.4	-79.5	-168.21	7.25	31.17	34.63	36.96
Free Cash Flow	282	90	648	-68	333	22	2,310	-181	692	-5,697	-4,108	-2,229	580	1,997	1,236
Net Cash Paid for Acquisitions	111	- -	71	189	56	9	10	930	26	101	70	- -	31	67	106
Free Cash Flow to Firm	665	446	981	191	611	330	2,610	153	1,100	- -	- -	- -	1,977	3,562	2,209
Free Cash Flow to Equity	26	97	241	582	614	995	572	2,211	784	2,961	-2,311	-220	-1,412	372	2,371
Free Cash Flow per Basic Share	1.3	0.41	2.95	-0.31	1.52	0.1	10.77	-0.86	3.3	-26.58	-16.31	-8.74	2.27	7.65	4.56
Price/Free Cash Flow	2.07	2.79	4.82	5.17	6.27	3.54	7.48	2.9	4.16	-9.06	55.01	3.95	4.38	7.54	6.54
Cash Flow to Net Income	2.4	75.56	2.98	2.28	2.92	1.96	1.77	1.92	1.98	0.64	0.36	-0.22	2.64	1.83	1.51
Capital Expenditures	-1,174	-1,291	-764	-1,811	-1,613	-2,494	-564	-3,660	-3,025	-1,965	-2,230	-2,710	-3,897	-3,268	-5,229