Raymond James Financial, Inc.

RJF

RJFRaymond James Financial, Inc. US flag

New York Stock Exchange

158.31

USD

+3.60

- -

30.85BMarket 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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Sales/Revenue/Turnover	3,224	3,738	4,408	4,769	5,101	5,345	6,292	7,182	7,646	7,889	9,630	10,851	11,468	12,639	13,842
+ Sales & Services Revenue	3,224	3,738	4,408	4,769	5,101	5,345	6,292	7,182	7,646	7,889	9,630	10,851	11,468	12,639	13,842
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	2,271	2,620	3,054	3,313	3,525	3,625	4,228	4,795	5,087	5,465	6,584	7,329	7,299	8,213	9,072
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-2,271	-2,620	-3,054	-3,313	-3,525	-3,625	-4,228	-4,795	-5,087	-5,465	-6,584	-7,329	-7,299	-8,213	-9,072
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-451	-468	-594	-716	-815	-812	-925	-1,311	-1,375	-1,052	-1,791	-2,022	-2,280	-2,643	-2,714
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-451	-468	-594	-716	-815	-812	-925	-1,311	-1,375	-1,052	-1,791	-2,022	-2,280	-2,643	-2,714
Pretax Income	451	468	594	716	815	812	925	1,311	1,375	1,052	1,791	2,022	2,280	2,643	2,714
- Income Tax Expense (Benefit)	183	176	197	268	296	271	289	454	341	234	388	513	541	575	579
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	268	292	397	448	519	541	636	857	1,034	818	1,403	1,509	1,739	2,068	2,135
- Net Extraordinary Losses (Gains)	-21	-7	59	-64	33	23	3	-6	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-21	-7	59	-64	33	23	3	-6	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	289	299	337	512	486	518	633	863	1,034	818	1,403	1,509	1,739	2,068	2,135
- Minority Interest	11	4	-30	32	-16	-11	-3	6	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	278	296	367	480	502	529	636	857	1,034	818	1,403	1,509	1,739	2,068	2,135
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	6	5	5
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	278	296	367	480	502	529	636	857	1,034	818	1,403	1,505	1,733	2,063	2,130
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	40	51	66	64	68	72	84	99	112	119	134	145	165	179	195
EBITDA Margin (%)	1.25	1.38	1.51	1.35	1.34	1.35	1.34	1.38	1.46	1.51	1.39	1.34	1.44	1.42	1.41
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	8.63	7.92	8.33	10.07	9.84	9.9	10.11	11.93	13.52	10.37	14.57	13.91	15.16	16.36	15.42
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.34	0.35	0.37	0.42	0.48	0.53	0.59	0.69	0.9	0.99	1.06	1.32	1.68	1.85	2.06
Depreciation Expense	40	51	66	64	68	72	84	99	112	119	134	145	165	179	195
Basic Weighted Avg Shares	184	196	207	210	214	213	215	218	212	206	206	210	212	207	202
Basic EPS, GAAP	1.52	1.51	1.78	2.29	2.35	2.49	2.96	3.93	4.89	3.96	6.82	7.17	8.18	9.96	10.54
Basic EPS from Cont Ops	1.46	1.49	1.92	2.14	2.43	2.54	2.96	3.93	4.89	3.96	6.82	7.19	8.21	9.99	10.57
Diluted Weighted Avg Shares	184	198	211	215	219	217	220	223	216	210	211	215	217	212	207
Diluted EPS, GAAP	1.51	1.5	1.74	2.23	2.29	2.44	2.89	3.84	4.79	3.89	6.64	6.99	7.99	9.72	10.31
Diluted EPS from Cont Ops	1.45	1.48	1.88	2.08	2.37	2.49	2.89	3.84	4.79	3.89	6.64	7.01	8.02	9.74	10.33

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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	2,440	2,878	3,422	2,912	3,322	2,510	5,858	6,196	7,050	13,040	15,516	15,989	18,472	19,247	18,268
+ Cash & Cash Equivalents	2,440	2,144	2,723	2,350	2,808	1,650	3,670	3,500	3,957	5,390	7,201	6,178	9,313	10,998	11,389
+ ST Investments	- -	734	699	562	514	859	2,188	2,696	3,093	7,650	8,315	9,811	9,159	8,249	6,879
+ Accounts & Notes Receiv	2,575	2,720	2,634	2,778	2,834	3,706	3,688	4,192	3,501	3,362	3,830	4,549	4,133	4,536	4,635
+ Accounts Receivable, Net	2,575	2,067	1,983	2,127	2,185	2,715	2,767	3,343	2,671	2,435	2,831	2,934	2,525	2,711	2,821
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	653	650	651	649	991	921	849	830	927	999	1,615	1,608	1,825	1,814
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-5,015	-5,598	-6,056	-5,690	-6,156	-6,216	-9,546	-10,388	-10,551	-16,402	-19,346	-20,538	-22,605	-23,783	-22,903
+ 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	170	231	244	245	256	321	437	486	527	856	945	983	1,121	1,203	1,253
+ Property, Plant & Equip	436	531	587	586	637	761	936	1,060	1,188	1,615	1,799	1,938	2,191	2,389	2,576
- Accumulated Depreciation	266	300	343	340	381	440	498	574	661	759	854	955	1,070	1,186	1,323
+ LT Investments & Receivables	1,628	2,485	2,016	1,905	1,862	2,255	3,325	3,879	4,266	8,497	9,282	10,171	9,583	8,761	7,551
+ LT Investments	1,628	2,485	2,016	1,905	1,862	2,255	3,325	3,879	4,266	8,497	9,282	10,171	9,583	8,761	7,551
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-1,798	-2,717	-2,260	-2,150	-2,118	-2,577	-3,762	-4,365	-4,793	-9,353	-10,227	-11,154	-10,704	-9,964	-8,804
+ Total Intangible Assets	73	361	361	354	377	503	493	639	611	600	882	1,931	1,907	1,886	1,847
+ Goodwill	72	300	295	295	308	408	411	478	464	466	660	1,422	1,437	1,451	1,451
+ Other Intangible Assets	1	61	66	59	69	95	82	161	147	134	222	509	470	435	396
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-1,871	-3,078	-2,621	-2,505	-2,495	-3,080	-4,255	-5,004	-5,404	-9,953	-11,109	-13,085	-12,611	-11,850	-10,651
Total Assets	18,007	21,160	23,186	23,326	26,468	31,487	34,883	37,413	38,830	47,482	61,891	80,951	78,360	82,992	88,230
+ Payables & Accruals	6,379	5,317	6,683	4,936	5,564	7,307	6,152	6,290	5,108	8,305	15,692	13,214	7,378	7,763	7,814
+ Accounts Payable	5,616	5,317	6,683	4,936	5,564	6,751	5,585	5,831	4,361	6,792	13,991	11,446	5,447	5,825	5,853
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	763	- -	- -	- -	- -	557	567	459	747	1,513	1,701	1,768	1,931	1,938	1,961
+ ST Debt	- -	- -	84	155	115	- -	610	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	84	155	115	- -	610	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-6,379	-5,317	-6,767	-5,091	-5,680	-7,308	-6,762	-6,290	-5,108	-8,305	-15,692	-13,214	-7,378	-7,763	-7,814
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-6,379	-5,317	-6,767	-5,091	-5,680	-7,308	-6,762	-6,290	-5,108	-8,305	-15,692	-13,214	-7,378	-7,763	-7,814
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	712	1,411	1,257	1,735	1,751	2,289	2,453	2,449	2,444	2,933	2,895	3,329	3,139	3,089	4,220
+ LT Borrowings	712	1,411	1,257	1,735	1,751	2,289	2,453	2,449	2,444	2,933	2,895	3,329	3,139	3,089	4,220
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	345	- -	- -	- -	- -	- -
+ Other LT Liabilities	-712	-1,411	-1,257	-1,735	-1,751	-2,289	-2,453	-2,449	-2,444	-2,933	-2,895	-3,329	-3,139	-3,089	-4,220
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-712	-1,411	-1,257	-1,735	-1,751	-2,289	-2,453	-2,449	-2,444	-2,933	-2,895	-3,329	-3,139	-3,089	-4,220
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	15,095	17,480	19,188	18,892	21,682	26,424	29,190	30,961	32,187	40,306	53,588	71,519	68,173	71,325	75,726
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	120	79	79	79
+ Share Capital & APIC	566	1,032	1,138	1,240	1,346	1,500	1,647	1,810	1,940	2,009	2,090	2,989	3,145	3,253	3,238
+ Common Stock	1	1	1	1	1	2	2	2	2	2	2	2	2	2	3
+ Additional Paid in Capital	565	1,030	1,136	1,239	1,345	1,499	1,645	1,808	1,938	2,007	2,088	2,987	3,143	3,251	3,235
- Treasury Stock	95	119	121	121	203	363	390	447	1,210	1,390	1,437	1,512	2,252	3,051	4,022
+ Retained Earnings	2,126	2,347	2,635	3,024	3,420	3,835	4,340	5,032	5,874	6,484	7,633	8,843	10,213	11,894	13,604
+ Other Equity	-10	9	11	-2	-41	-56	-15	-27	-23	11	-41	-982	-971	-502	-396
Equity Before Minority Interest	2,588	3,269	3,663	4,141	4,522	4,917	5,582	6,368	6,581	7,114	8,245	9,458	10,214	11,673	12,503
+ Minority/Non Controlling Interest	324	411	335	292	264	146	112	84	62	62	58	-26	-27	-6	1
Total Equity	2,912	3,680	3,998	4,433	4,786	5,063	5,693	6,452	6,643	7,176	8,303	9,432	10,187	11,667	12,504
Total Liabilities & Equity	18,007	21,160	23,186	23,326	26,468	31,487	34,883	37,413	38,830	47,482	61,891	80,951	78,360	82,992	88,230
Shares Outstanding	190	207	209	212	214	212	216	218	207	205	206	215	209	203	198
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	345	- -	- -	- -	- -	- -
Net Debt	-1,728	-733	-1,381	-460	-942	639	-607	-1,051	-1,513	-2,457	-4,306	-2,849	-6,174	-7,909	-7,169
Net Debt to Equity	-59.34	-19.92	-34.55	-10.37	-19.68	12.62	-10.66	-16.29	-22.78	-34.24	-51.86	-30.21	-60.61	-67.79	-57.33
Tangible Common Equity Ratio	15.83	15.96	15.93	17.76	16.9	14.72	15.12	15.81	15.78	14.03	12.16	9.34	10.73	11.96	12.25
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

+ Net Income	268	292	397	448	519	541	636	857	1,034	818	1,403	1,509	1,739	2,068	2,135
+ Depreciation & Amortization	40	51	66	64	68	72	84	99	112	119	134	145	165	179	195
+ Non-Cash Items	-16	60	41	112	-3	-78	186	181	254	452	99	566	355	-96	9
+ Stock-Based Compensation	41	56	62	70	71	79	109	99	112	120	132	192	237	254	254
+ Deferred Income Taxes	-6	2	-32	-35	-23	-59	-12	117	-23	-39	-37	-16	-88	-83	-52
+ Asset Impairment Charge	- -	- -	7	- -	- -	- -	- -	- -	19	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-51	2	4	77	-52	-98	89	-35	146	371	4	390	206	-267	-193
+ Chg in Non-Cash Work Cap	1,266	-12	156	-116	315	-1,108	-1,031	-253	-823	2,684	5,011	-2,148	-5,773	4	95
+ (Inc) Dec in Accts Receiv	-70	144	88	-160	-116	-610	-54	-491	682	127	-420	-203	257	-362	-106
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-13	13	-66	19	47	28	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	1,312	-425	1,308	-1,801	793	1,782	-1,133	346	-1,231	2,505	7,306	-4,213	-6,088	91	7
+ Inc (Dec) in Other	38	256	-1,174	1,825	-408	-2,309	156	-108	-274	52	-1,875	2,268	58	275	194
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,558	391	660	508	899	-573	-125	884	577	4,073	6,647	72	-3,514	2,155	2,434
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-37	-78	-73	-60	-74	-122	-190	-134	-138	-124	-74	-91	-173	-205	-188
+ Acq of Fixed Prod Assets	-37	-78	-73	-60	-74	-122	-190	-134	-138	-124	-74	-91	-173	-205	-188
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-23	342	-12	-8	-89	-163	-34	-62	-778	-291	-150	-216	-862	-984	-1,267
+ Increase in Capital Stock	- -	363	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-23	-21	-12	-8	-89	-163	-34	-62	-778	-291	-150	-216	-862	-984	-1,267
+ Net Change in LT Investment	-88	-160	289	196	- -	-356	-1,340	-584	-383	-4,295	-1,041	-1,281	576	1,485	1,379
+ Dec in LT Investment	170	173	351	197	155	107	393	540	644	1,415	3,177	1,788	1,262	2,030	2,054
+ Inc in LT Investment	-258	-333	-62	-1	-155	-463	-1,733	-1,124	-1,027	-5,710	-4,218	-3,069	-686	-545	-675
+ Net Cash From Acq & Div	- -	-1,074	-6	-2	-16	-175	- -	-159	-5	-5	-266	1,461	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,461	- -	- -	- -
+ Cash for Acq of Subs	- -	-1,074	-6	-2	-16	-175	- -	-159	-5	-5	-266	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-275	-1,420	-862	-2,230	-2,086	-2,265	-1,846	-2,599	-1,371	-561	-3,759	-7,240	-677	-2,248	-5,512
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-400	-2,731	-652	-2,097	-2,177	-2,918	-3,376	-3,476	-1,897	-4,985	-5,140	-7,151	-274	-968	-4,321
+ Dividends Paid	-63	-69	-77	-88	-103	-113	-127	-151	-191	-205	-218	-277	-355	-383	-416
+ Net Cash From Debt	-2,302	713	-129	475	41	563	116	-615	-5	489	-138	58	-191	-50	1,132
+ Cash From Debt	283	1,287	28	501	550	817	1,458	1,150	1,450	1,344	737	1,025	3,200	1,300	2,230
+ Repayments of Debt	-2,585	-574	-158	-26	-509	-254	-1,342	-1,765	-1,455	-855	-875	-967	-3,391	-1,350	-1,098
+ Other Financing Activities	709	893	833	845	1,881	2,254	4,110	2,248	2,347	4,581	5,738	6,314	2,846	1,855	2,912
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1,679	1,879	615	1,224	1,730	2,540	4,065	1,420	1,373	4,574	5,232	5,879	1,438	438	2,361
Effect of Foreign Exchange Rates	-1	1	-7	-32	-50	- -	47	-33	-23	1	76	-590	239	175	-35
Net Changes in Cash	-521	-461	623	-365	452	-951	564	-1,172	53	3,662	6,739	-1,200	-2,350	1,625	474
EBITDA	40	51	66	64	68	72	84	99	112	119	134	145	165	179	195
EBITDA Margin (%)	1.25	1.38	1.51	1.35	1.34	1.35	1.34	1.38	1.46	1.51	1.39	1.34	1.44	1.42	1.41
Free Cash Flow	1,521	314	587	447	825	-695	-315	750	439	3,949	6,573	-19	-3,687	1,950	2,246
Net Cash Paid for Acquisitions	- -	1,074	6	2	16	175	- -	159	5	5	266	-1,461	- -	- -	- -
Free Cash Flow to Firm	1,521	314	587	447	825	-695	-315	750	439	3,949	6,573	-19	-3,687	1,950	2,246
Free Cash Flow to Equity	-781	1,027	458	923	866	-132	-199	135	434	4,438	6,435	155	-3,925	1,895	3,373
Free Cash Flow per Basic Share	8.28	1.6	2.84	2.13	3.86	-3.27	-1.47	3.44	2.08	19.13	31.95	-0.09	-17.41	9.42	11.12
Price/Free Cash Flow	2	10.3	7.99	13.55	7.44	-18.63	190.26	13.46	16.61	2.43	2.9	130.53	-6.52	11.02	13.6
Cash Flow to Net Income	5.6	1.32	1.8	1.06	1.79	-1.08	-0.2	1.03	0.56	4.98	4.74	0.05	-2.02	1.04	1.14
Capital Expenditures	-37	-78	-73	-60	-74	-122	-190	-134	-138	-124	-74	-91	-173	-205	-188