Roper Technologies, Inc.

ROP

ROPRoper Technologies, Inc. US flag

NASDAQ Global Select

336.50

USD

-7.75

- -

33.96BMarket 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	2,797	2,993	3,238	3,549	3,582	3,790	4,608	5,191	4,728	4,022	4,834	5,372	6,178	7,039	7,902
+ Sales & Services Revenue	2,797	2,993	3,238	3,549	3,582	3,790	4,608	5,191	4,728	4,022	4,834	5,372	6,178	7,039	7,902
- Cost of Revenue	1,282	1,322	1,355	1,448	1,418	1,458	1,743	1,912	1,588	1,194	1,426	1,619	1,871	2,161	2,430
+ Cost of Goods & Services	1,282	1,322	1,355	1,448	1,418	1,458	1,743	1,912	1,588	1,194	1,426	1,619	1,871	2,161	2,430
Gross Profit	1,516	1,672	1,883	2,102	2,165	2,332	2,865	3,280	3,140	2,828	3,408	3,753	4,307	4,878	5,472
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	855	914	1,041	1,102	1,137	1,278	1,655	1,883	1,812	1,745	2,072	2,228	2,562	2,882	3,237
+ Selling, General & Admin	855	914	1,041	1,102	1,137	1,278	1,655	1,883	1,812	1,745	2,072	2,228	2,562	2,882	3,237
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	661	758	842	999	1,028	1,055	1,210	1,396	1,328	1,083	1,336	1,524	1,745	1,997	2,235
- Non-Operating (Income) Loss	56	71	88	78	26	114	176	198	-729	222	304	242	2	30	299
+ Interest Expense, Net	64	68	88	79	84	112	181	182	186	218	234	192	165	259	325
+ Interest Expense	64	68	88	79	84	112	181	182	186	218	234	192	165	259	325
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-8	3	- -	-1	-59	2	-5	16	-915	3	70	50	-163	-230	-26
Pretax Income	605	687	754	921	1,002	941	1,035	1,198	2,057	861	1,032	1,282	1,743	1,967	1,936
- Income Tax Expense (Benefit)	178	203	216	275	306	282	63	254	417	188	227	296	375	418	400
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	427	483	538	646	696	659	972	944	1,640	674	805	986	1,368	1,549	1,536
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	-128	-276	-347	-3,559	-16	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	128	276	347	3,559	16	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	-256	-552	-695	-7,118	-32	- -	- -
Income (Loss) Incl. MI	427	483	538	646	696	659	972	944	1,768	950	1,153	4,545	1,384	1,549	1,536
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	427	483	538	646	696	659	972	944	1,768	950	1,153	4,545	1,384	1,549	1,536
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	427	483	538	646	696	659	972	944	1,768	950	1,153	4,545	1,384	1,549	1,536
EBIT	661	758	842	999	1,028	1,055	1,210	1,396	1,328	1,083	1,336	1,524	1,745	1,997	2,235
EBITDA	801	912	1,032	1,197	1,232	1,295	1,555	1,763	1,737	1,574	1,952	2,175	2,500	2,810	3,134
EBITDA Margin (%)	28.63	30.48	31.86	33.72	34.4	34.17	33.75	33.97	36.74	39.14	40.37	40.48	40.47	39.91	39.65
EBITA	661	758	842	999	1,028	1,055	1,210	1,396	1,328	1,083	1,336	1,524	1,745	1,997	2,235
Gross Margin (%)	54.18	55.85	58.15	59.22	60.42	61.54	62.18	63.17	66.42	70.31	70.5	69.86	69.72	69.3	69.24
Operating Margin (%)	23.62	25.31	26.01	28.16	28.69	27.83	26.27	26.9	28.1	26.92	27.63	28.38	28.25	28.37	28.29
Profit Margin (%)	15.27	16.15	16.62	18.2	19.43	17.38	21.09	18.19	37.39	23.61	23.84	84.6	22.41	22.01	19.44
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.44	0.72	0.5	0.8	1	1.2	1.4	1.65	1.85	2.05	2.25	2.48	2.72	3.01	3.31
Depreciation Expense	140	155	189	197	204	240	345	367	409	492	616	650	755	813	898
Basic Weighted Avg Shares	96	98	99	100	101	101	102	103	104	105	105	106	107	107	107
Basic EPS, GAAP	4.45	4.95	5.43	6.47	6.92	6.5	9.51	9.15	17.02	9.08	10.95	42.92	12.98	14.47	14.3
Basic EPS from Cont Ops	4.45	4.95	5.43	6.47	6.92	6.5	9.51	9.15	15.78	6.44	7.65	9.31	12.84	14.47	14.3
Diluted Weighted Avg Shares	98	100	100	101	102	102	104	104	105	106	106	107	107	108	108
Diluted EPS, GAAP	4.34	4.86	5.37	6.4	6.85	6.43	9.39	9.05	16.82	8.98	10.82	42.55	12.89	14.35	14.2
Diluted EPS from Cont Ops	4.34	4.86	5.37	6.4	6.85	6.43	9.39	9.05	15.6	6.37	7.56	9.23	12.74	14.35	14.2

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	1,115	1,246	1,373	1,512	1,618	1,777	1,759	1,611	2,000	1,752	2,421	1,932	1,481	1,543	1,928
+ Cash, Cash Equivalents & STI	338	371	460	610	779	757	671	364	710	308	352	793	214	188	297
+ Cash & Cash Equivalents	338	371	460	610	779	757	671	364	710	308	352	793	214	188	297
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	503	599	606	608	610	781	810	892	994	840	786	877	984	1,038	1,253
+ Accounts Receivable, Net	439	526	519	512	488	620	642	701	792	746	688	724	830	885	1,001
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	64	72	87	96	122	162	168	191	202	95	99	152	154	153	252
+ Inventories	205	191	205	194	190	182	205	191	198	165	69	111	119	121	142
+ Raw Materials	120	122	128	124	121	114	133	120	128	104	36	61	58	66	72
+ Work In Process	31	30	30	29	23	24	28	26	28	23	19	25	29	32	29
+ Finished Goods	89	82	90	79	80	81	82	75	82	74	18	31	42	34	52
+ Inventory Adjustments	-35	-42	-43	-39	-34	-37	-38	-30	-40	-36	-5	-6	-10	-11	-11
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	70	85	103	100	39	56	74	164	98	438	1,214	151	164	196	236
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	4,204	5,826	6,812	6,888	8,550	12,548	12,557	13,639	16,110	22,272	21,293	25,048	26,686	29,792	32,649
+ Property, Plant & Equip, Net	109	110	117	111	106	141	142	129	141	127	83	85	120	150	157
+ Property, Plant & Equip	338	370	394	406	401	436	459	441	511	445	328	337	388	428	443
- Accumulated Depreciation	230	260	277	295	296	295	317	312	371	318	246	251	269	278	286
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	535	796	772	796
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	535	796	772	796
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	4,095	5,715	6,694	6,777	8,445	12,407	12,414	13,510	15,970	22,145	21,210	24,428	25,771	28,870	31,696
+ Total Intangible Assets	3,961	5,568	6,589	6,689	8,354	12,303	12,296	13,189	15,483	21,134	19,985	23,977	25,331	28,372	31,105
+ Goodwill	2,866	3,869	4,550	4,711	5,825	8,647	8,820	9,347	10,815	13,966	13,476	15,946	17,119	19,313	21,341
+ Other Intangible Assets	1,094	1,699	2,039	1,979	2,529	3,656	3,475	3,842	4,668	7,168	6,509	8,031	8,212	9,060	9,764
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	135	147	105	88	91	104	119	321	486	1,011	1,225	451	440	498	590
Total Assets	5,319	7,071	8,185	8,400	10,168	14,325	14,316	15,250	18,109	24,025	23,714	26,981	28,168	31,335	34,577
+ Payables & Accruals	247	240	282	274	306	365	412	445	635	466	526	498	541	666	721
+ Accounts Payable	142	138	150	144	140	152	171	165	162	127	98	123	143	148	150
+ Accrued Taxes	9	- -	4	- -	19	23	26	58	215	59	142	40	72	98	62
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	96	102	127	130	148	190	214	222	258	280	286	336	326	419	509
+ ST Debt	70	519	11	11	7	401	801	2	659	556	841	746	543	1,089	754
+ ST Borrowings	70	519	11	11	7	401	801	2	602	499	799	699	500	1,043	705
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	57	57	42	46	43	46	48
+ Other ST Liabilities	238	327	350	343	407	679	817	1,001	1,103	1,422	1,755	1,648	1,879	2,077	2,251
+ Deferred Revenue	121	213	236	221	288	517	619	714	863	1,039	1,153	1,420	1,629	1,788	1,958
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	11	4	6	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	106	111	108	117	120	162	198	287	240	383	602	229	250	289	293
Total Current Liabilities	554	1,086	643	628	720	1,445	2,029	1,448	2,397	2,444	3,122	2,892	2,963	3,832	3,726
+ LT Debt	1,015	1,503	2,454	2,190	3,264	5,809	4,355	4,940	4,673	9,061	7,123	5,962	5,831	6,580	8,596
+ LT Borrowings	1,015	1,503	2,454	2,190	3,264	5,809	4,355	4,940	4,673	9,061	7,123	5,962	5,831	6,580	8,596
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	555	794	875	827	885	1,282	1,069	1,123	1,546	2,039	1,906	2,088	1,929	2,055	2,374
+ Accrued Liabilities	483	707	784	736	811	1,178	830	931	1,108	1,532	1,466	1,677	1,513	1,631	1,883
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	72	87	91	91	74	104	239	192	438	508	440	411	416	424	491
Total Noncurrent Liabilities	1,570	2,297	3,329	3,017	4,149	7,091	5,423	6,063	6,220	11,101	9,028	8,050	7,760	8,635	10,970
Total Liabilities	2,124	3,383	3,972	3,645	4,869	8,536	7,453	7,511	8,617	13,545	12,150	10,943	10,723	12,467	14,696
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1,118	1,159	1,230	1,326	1,420	1,490	1,604	1,753	1,905	2,099	2,309	2,511	2,768	3,016	3,293
+ Common Stock	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	1,117	1,158	1,229	1,325	1,419	1,489	1,603	1,752	1,904	2,098	2,308	2,510	2,767	3,015	3,292
- Treasury Stock	20	20	19	19	19	19	19	18	18	18	18	17	17	16	516
+ Retained Earnings	2,063	2,490	2,959	3,520	4,111	4,642	5,465	6,248	7,818	8,546	9,456	13,731	14,816	16,035	17,206
+ Other Equity	34	59	43	-72	-213	-325	-186	-243	-213	-147	-183	-187	-123	-166	-101
Equity Before Minority Interest	3,195	3,688	4,213	4,755	5,299	5,789	6,864	7,738	9,492	10,480	11,564	16,038	17,445	18,868	19,882
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	3,195	3,688	4,213	4,755	5,299	5,789	6,864	7,738	9,492	10,480	11,564	16,038	17,445	18,868	19,882
Total Liabilities & Equity	5,319	7,071	8,185	8,400	10,168	14,325	14,316	15,250	18,109	24,025	23,714	26,981	28,168	31,335	34,577
Shares Outstanding	97	99	99	100	101	102	102	103	104	105	106	106	107	107	107
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	57	57	42	46	43	46	48
Net Debt	747	1,652	2,005	1,591	2,493	5,452	4,484	4,577	4,566	9,252	7,570	5,869	6,116	7,435	9,004
Net Debt to Equity	23.38	44.78	47.59	33.46	47.04	94.19	65.33	59.15	48.1	88.29	65.47	36.59	35.06	39.41	45.29
Tangible Common Equity Ratio	-56.33	-125.05	-148.89	-113.05	-168.34	-322.17	-268.79	-264.51	-228.17	-368.59	-225.87	-264.28	-278.01	-320.87	-323.31
Current Ratio	2.01	1.15	2.14	2.41	2.25	1.23	0.87	1.11	0.83	0.72	0.78	0.67	0.5	0.4	0.52
Cash Conversion Cycle	70.52	74.38	73.75	65.88	63.71	63.18	57.08	52.62	64.9	79.85	53.17	44.05	42.54	40.12	41.05

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	427	483	538	646	696	659	972	944	1,640	674	805	986	1,368	1,549	1,536
+ Depreciation & Amortization	140	155	189	197	204	240	345	367	409	492	616	650	755	813	898
+ Non-Cash Items	40	50	53	69	-4	82	62	83	-786	-192	120	-1,031	-129	-150	103
+ Stock-Based Compensation	32	41	53	63	62	79	83	134	101	108	123	118	124	146	166
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	254	184	188	221	296	375	418	400
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	94	- -	- -	- -	- -
+ Other Non-Cash Adj	8	9	- -	6	-66	4	-21	-305	-1,072	-488	-319	-1,446	-627	-714	-463
+ Chg in Non-Cash Work Cap	-6	-10	22	-71	33	-18	-144	36	69	150	115	2	42	182	3
+ (Inc) Dec in Accts Receiv	-22	-22	18	-11	31	-22	-20	-98	-24	18	-90	-9	-58	-4	-80
+ (Inc) Dec in Inventories	-23	18	-13	6	-1	6	-15	-22	-14	-8	- -	-43	-7	-2	-19
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-13	-4	-20	-36
+ Inc (Dec) in Accts Payable	24	9	23	8	-8	20	73	69	-7	80	43	14	17	96	13
+ Inc (Dec) in Other	15	-16	-6	-75	11	-22	-182	87	114	61	162	53	94	111	125
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	131	402	356	128	-2	- -	- -
Cash from Operating Activities	602	678	803	840	929	964	1,234	1,430	1,462	1,525	2,012	735	2,035	2,393	2,540
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	-3	-2	-3	-11	-10	-10	-18	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	-3	-2	-3	-11	-10	-10	-18	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	2	2	2	3	3	3	4	5	7	10	15	14	16	18	-478
+ Increase in Capital Stock	2	2	2	3	3	3	4	5	7	10	15	14	16	18	22
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-500
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	246	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	246	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-234	-1,468	-1,074	-305	-1,657	-3,722	-154	-1,276	-1,230	-6,023	-217	-4,280	-2,053	-3,613	-3,290
+ Cash from Divestitures	- -	- -	- -	- -	106	- -	- -	- -	1,157	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-234	-1,468	-1,074	-305	-1,763	-3,722	-154	-1,276	-2,387	-6,023	-217	-4,280	-2,053	-3,613	-3,290
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-42	-38	-41	-40	-39	-28	-45	-50	-55	-34	74	5,490	-74	-101	-98
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	-10	-6	106	5,561	2	- -	- -
Cash from Investing Activities	-276	-1,506	-1,116	-348	-1,698	-3,753	-210	-1,335	-1,296	-6,074	-143	1,210	-2,126	-3,468	-3,388
+ Dividends Paid	-42	-70	-49	-80	-100	-121	-143	-170	-192	-214	-236	-262	-290	-322	-355
+ Net Cash From Debt	-256	866	437	-252	1,063	2,932	-1,060	-205	1,200	2,700	-500	-800	-700	1,500	1,000
+ Cash From Debt	- -	1,000	950	- -	1,080	2,950	- -	1,500	1,200	3,300	- -	- -	- -	2,000	2,000
+ Repayments of Debt	-256	-134	-513	-252	-17	-18	-1,060	-1,705	- -	-600	-500	-800	-700	-500	-1,000
+ Other Financing Activities	40	56	13	31	31	-8	29	-18	-838	1,640	-1,092	-417	475	-127	756
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-257	854	404	-298	996	2,805	-1,170	-388	177	4,137	-1,814	-1,465	-500	1,070	924
Effect of Foreign Exchange Rates	-1	6	-1	-44	-59	-38	59	-14	2	10	-12	-38	12	-20	33
Net Changes in Cash	69	26	90	194	227	16	-145	-293	343	-412	56	479	-591	-6	76
EBITDA	801	912	1,032	1,197	1,232	1,295	1,555	1,763	1,737	1,574	1,952	2,175	2,500	2,810	3,134
EBITDA Margin (%)	28.63	30.48	31.86	33.72	34.4	34.17	33.75	33.97	36.74	39.14	40.37	40.48	40.47	39.91	39.65
Free Cash Flow	602	678	803	838	926	961	1,224	1,421	1,452	1,507	2,012	735	2,035	2,393	2,540
Net Cash Paid for Acquisitions	234	1,468	1,074	305	1,657	3,722	154	1,276	1,230	6,023	217	4,280	2,053	3,613	3,290
Free Cash Flow to Firm	647	725	865	893	985	1,039	1,393	1,564	1,600	1,678	2,194	883	2,164	2,597	2,798
Free Cash Flow to Equity	345	1,544	1,240	588	1,992	3,895	174	1,225	2,662	4,225	1,512	-65	1,335	3,893	3,540
Free Cash Flow per Basic Share	6.27	6.94	8.1	8.39	9.21	9.49	11.98	13.77	13.97	14.41	19.11	6.94	19.09	22.35	23.65
Price/Free Cash Flow	13.15	15.26	16.2	17.61	19.61	18.5	20.66	18.66	24.55	28.83	25.55	62	28.57	23.42	18.96
Cash Flow to Net Income	1.41	1.4	1.49	1.3	1.33	1.46	1.27	1.51	0.83	1.61	1.75	0.16	1.47	1.54	1.65
Capital Expenditures	- -	- -	- -	-3	-2	-3	-11	-10	-10	-18	- -	- -	- -	- -	- -