Sinclair, Inc.

SBGI

SBGISinclair, Inc. US flag

NASDAQ Global Select

14.20

USD

+0.12

- -

992.40MMarket 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
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	765	1,062	1,363	1,977	2,219	2,623	2,636	3,055	4,240	5,943	6,134	3,928	3,134	3,548	3,169
+ Sales & Services Revenue	765	1,062	1,363	1,977	2,219	2,623	2,636	3,055	4,240	5,943	6,134	3,928	3,134	3,548	3,169
- Cost of Revenue	284	382	509	742	898	956	1,064	1,191	2,073	2,826	4,348	1,986	1,660	1,714	1,701
+ Cost of Goods & Services	284	382	509	742	898	956	1,064	1,191	2,073	2,826	4,348	1,986	1,660	1,714	1,701
Gross Profit	481	680	854	1,235	1,321	1,667	1,572	1,864	2,167	3,117	1,786	1,942	1,474	1,834	1,468
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	255	351	527	777	898	1,070	1,114	1,244	1,789	1,740	1,762	1,383	1,792	1,303	1,314
+ Selling, General & Admin	152	205	304	435	496	575	647	741	1,119	980	1,078	972	1,441	979	991
+ Research & Development	- -	- -	- -	7	12	4	10	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	103	146	222	335	390	491	457	503	670	760	684	411	351	324	323
Operating Income (Loss)	226	329	327	457	423	597	458	620	378	1,377	24	559	-318	531	154
- Non-Operating (Income) Loss	105	117	222	145	189	224	-61	310	369	4,526	523	-3,055	319	136	307
+ Interest Expense, Net	106	129	163	175	191	211	212	292	422	656	618	296	305	304	395
+ Interest Expense	106	129	163	175	191	211	212	292	422	656	618	296	305	304	395
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-1	-12	59	-30	-2	13	-273	18	-53	3,870	-95	-3,351	14	-168	-88
Pretax Income	121	212	106	313	234	373	519	310	9	-3,149	-499	3,614	-637	395	-153
- Income Tax Expense (Benefit)	45	68	41	97	58	122	-75	-36	-96	-720	-173	913	-358	76	-54
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	77	144	64	215	176	251	594	346	105	-2,429	-326	2,701	-279	319	-99
- Net Extraordinary Losses (Gains)	1	- -	-7	6	9	11	36	10	116	-30	176	98	24	18	26
+ Discontinued Operations	- -	- -	12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	2	- -	-18	6	9	11	36	10	116	-30	176	98	24	18	26
Income (Loss) Incl. MI	75	144	71	209	167	240	558	336	-11	-2,399	-502	2,603	-303	301	-125
- Minority Interest	- -	- -	-2	-3	-5	-5	-18	-5	-58	15	-88	-49	-12	-9	-13
Net Income, GAAP	76	145	73	212	172	245	576	341	47	-2,414	-414	2,652	-291	310	-112
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	76	145	73	212	172	245	576	341	47	-2,414	-414	2,652	-291	310	-112
EBIT	226	329	327	457	423	597	458	620	378	1,377	24	559	-318	531	154
EBITDA	277	417	469	686	688	879	734	900	1,439	3,129	2,965	1,206	-47	781	403
EBITDA Margin (%)	36.25	39.26	34.39	34.72	31	33.52	27.85	29.46	33.94	52.65	48.34	30.7	-1.5	22.01	12.72
EBITA	226	329	327	457	423	597	458	620	378	1,377	24	559	-318	531	154
Gross Margin (%)	62.91	64.06	62.66	62.46	59.52	63.56	59.64	61.01	51.11	52.45	29.12	49.44	47.03	51.69	46.32
Operating Margin (%)	29.53	31.01	24.02	23.15	19.06	22.76	17.37	20.29	8.92	23.17	0.39	14.23	-10.15	14.97	4.86
Profit Margin (%)	9.9	13.63	5.39	10.74	7.73	9.35	21.85	11.16	1.11	-40.62	-6.75	67.52	-9.29	8.74	-3.53
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.48	1.53	0.61	0.63	0.66	0.7	0.71	0.73	1.15	1.24	0.87	1.09	1	1	1
Depreciation Expense	51	88	141	229	265	282	276	280	1,061	1,752	2,941	647	271	250	249
Basic Weighted Avg Shares	80	81	93	97	95	94	100	101	92	80	75	71	65	66	69
Basic EPS, GAAP	0.94	1.79	0.79	2.19	1.81	2.62	5.77	3.38	0.51	-30.2	-5.52	37.54	-4.47	4.71	-1.62
Basic EPS from Cont Ops	0.95	1.78	0.69	2.22	1.85	2.68	5.95	3.43	1.14	-30.39	-4.34	38.23	-4.28	4.85	-1.43
Diluted Weighted Avg Shares	81	81	94	98	96	94	101	102	93	80	75	71	65	66	69
Diluted EPS, GAAP	0.94	1.78	0.78	2.17	1.79	2.6	5.71	3.35	0.5	-30.2	-5.52	37.53	-4.47	4.69	-1.62
Diluted EPS from Cont Ops	0.95	1.78	0.68	2.2	1.84	2.66	5.89	3.4	1.13	-30.39	-4.34	38.23	-4.28	4.83	-1.43

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
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	210	304	698	526	702	905	1,715	1,784	2,913	3,217	2,471	1,683	1,475	1,485	1,700
+ Cash, Cash Equivalents & STI	13	23	280	18	150	260	681	1,060	1,333	1,259	816	884	662	697	866
+ Cash & Cash Equivalents	13	23	280	18	150	260	681	1,060	1,333	1,259	816	884	662	697	866
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	172	240	383	475	517	603	666	663	1,235	1,290	1,397	617	624	642	687
+ Accounts Receivable, Net	133	183	309	384	425	514	566	599	1,132	1,060	1,245	612	616	637	687
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	39	57	74	92	92	89	100	64	103	230	152	5	8	5	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	24	41	34	33	35	42	367	61	345	668	258	182	189	146	147
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	1,362	2,425	3,450	4,884	4,731	5,058	5,070	4,788	14,457	10,165	10,070	5,021	4,610	4,400	4,249
+ Property, Plant & Equip, Net	226	383	529	639	626	627	651	648	962	995	1,019	854	838	812	748
+ Property, Plant & Equip	575	772	971	1,160	1,213	1,313	1,400	1,418	1,755	1,860	1,907	1,763	1,813	1,824	1,777
- Accumulated Depreciation	349	389	442	521	587	685	748	770	793	865	888	909	975	1,012	1,029
+ LT Investments & Receivables	81	95	98	108	116	169	169	117	511	901	1,084	555	515	430	423
+ LT Investments	81	95	98	108	116	169	169	117	511	901	1,084	555	515	430	423
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,055	1,947	2,822	4,137	3,988	4,262	4,249	4,023	12,984	8,269	7,967	3,612	3,257	3,158	3,078
+ Total Intangible Assets	882	1,783	2,609	3,918	3,815	4,091	4,085	3,909	12,851	7,887	7,326	3,184	3,011	2,862	2,767
+ Goodwill	660	1,074	1,380	1,965	1,931	1,991	2,124	2,124	4,716	2,092	2,088	2,088	2,082	2,082	2,085
+ Other Intangible Assets	222	709	1,229	1,953	1,884	2,101	1,961	1,785	8,135	5,795	5,238	1,096	929	780	682
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	173	164	213	219	173	171	164	114	133	382	641	428	246	296	311
Total Assets	1,571	2,730	4,147	5,410	5,432	5,963	6,784	6,572	17,370	13,382	12,541	6,704	6,085	5,885	5,949
+ Payables & Accruals	122	205	225	282	269	351	344	346	734	494	610	380	891	384	484
+ Accounts Payable	9	10	14	12	- -	- -	101	99	115	90	154	125	142	107	133
+ Accrued Taxes	- -	10	3	- -	- -	23	3	23	- -	- -	- -	- -	- -	- -	21
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	114	185	208	270	269	328	241	224	619	404	456	255	749	277	330
+ ST Debt	41	49	49	116	167	175	161	43	109	92	104	61	57	60	49
+ ST Borrowings	41	49	49	116	167	175	161	43	71	58	69	38	36	38	25
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	38	34	35	23	21	22	24
+ Other ST Liabilities	32	53	70	90	98	110	221	184	291	448	488	167	155	161	170
+ Deferred Revenue	15	18	23	33	33	32	134	83	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	1	2	7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	17	34	45	50	65	79	87	101	291	448	488	167	155	161	170
Total Current Liabilities	196	308	343	487	535	636	726	573	1,134	1,034	1,202	608	1,103	605	703
+ LT Debt	1,165	2,224	2,985	3,771	3,687	4,029	3,888	3,850	12,584	12,691	12,476	4,381	4,291	4,221	4,470
+ LT Borrowings	1,165	2,224	2,985	3,771	3,687	4,029	3,888	3,850	12,367	12,493	12,271	4,227	4,139	4,091	4,358
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	217	198	205	154	152	130	112
+ Other LT Liabilities	322	298	413	747	711	740	636	549	1,958	842	569	1,034	470	543	406
+ Accrued Liabilities	248	233	311	609	585	609	515	413	407	- -	- -	610	252	335	213
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	75	65	102	138	126	130	121	136	1,551	842	569	424	218	208	193
Total Noncurrent Liabilities	1,487	2,522	3,398	4,518	4,398	4,769	4,524	4,399	14,542	13,533	13,045	5,415	4,761	4,764	4,876
Total Liabilities	1,683	2,830	3,742	5,005	4,933	5,405	5,250	4,972	15,676	14,567	14,247	6,023	5,864	5,369	5,579
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	618	602	1,096	980	964	845	1,321	1,122	1,012	722	692	625	518	571	614
+ Common Stock	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	617	601	1,095	979	963	844	1,320	1,121	1,011	721	691	624	517	570	613
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-735	-714	-697	-546	-437	-256	249	518	492	-1,986	-2,460	122	-234	10	-171
+ Other Equity	-5	-5	-3	-6	-1	-1	-1	-1	-2	-10	-2	1	1	2	- -
Equity Before Minority Interest	-121	-117	396	428	526	588	1,569	1,639	1,502	-1,274	-1,770	748	285	583	443
+ Minority/Non Controlling Interest	10	17	9	-23	-26	-30	-34	-39	192	89	64	-67	-64	-67	-73
Total Equity	-111	-100	406	405	500	558	1,534	1,600	1,694	-1,185	-1,706	681	221	516	370
Total Liabilities & Equity	1,571	2,730	4,147	5,410	5,432	5,963	6,784	6,572	17,370	13,382	12,541	6,704	6,085	5,885	5,949
Shares Outstanding	81	81	100	96	95	90	102	95	92	74	73	70	64	66	70
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	255	232	240	177	173	152	136
Net Debt	1,193	2,251	2,754	3,869	3,704	3,944	3,367	2,833	11,105	11,292	11,524	3,381	3,513	3,432	3,517
Net Debt to Equity	-1,071.33	-2,249.32	678.8	954.55	741.36	706.87	219.46	177.06	655.55	-952.91	-675.5	496.48	1,589.59	665.12	950.54
Tangible Common Equity Ratio	-144.25	-198.77	-143.19	-235.36	-205.01	-188.79	-94.49	-86.71	-246.89	-165.1	-173.19	-71.11	-90.76	-77.61	-75.33
Current Ratio	1.07	0.99	2.03	1.08	1.31	1.42	2.36	3.11	2.57	3.11	2.06	2.77	1.34	2.45	2.42
Cash Conversion Cycle	51.09	45.32	57.3	57.48	63.97	65.31	57.42	38.92	55.67	54.07	58.34	60.64	42.16	37.94	50.5

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
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	76	145	76	215	176	251	594	346	105	-2,429	-326	2,701	-279	319	-99
+ Depreciation & Amortization	51	88	141	229	265	282	276	280	1,061	1,752	2,941	647	271	250	249
+ Non-Cash Items	102	62	113	65	126	184	-268	103	-405	2,135	-1,974	-2,503	-138	110	103
+ Stock-Based Compensation	- -	6	11	14	18	17	16	26	33	52	60	50	45	51	51
+ Deferred Income Taxes	44	8	23	-1	-28	6	-159	-103	-5	-604	-92	906	-358	82	-121
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	4,264	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	58	47	80	52	136	161	-125	180	-433	-1,577	-1,942	-3,459	175	-23	173
+ Chg in Non-Cash Work Cap	-82	-57	-169	-76	-164	-105	-170	-82	155	90	-314	-46	381	-581	-64
+ (Inc) Dec in Accts Receiv	-12	-23	-91	-44	-39	-72	-42	-37	70	70	-187	20	-8	-28	-47
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-10	-8	8	-2	-3	-1	-9	-10	-27	48	-86	-96	-32	33	-9
+ Inc (Dec) in Accts Payable	-59	-25	-82	-38	-125	-51	-76	-84	240	-99	11	-117	424	-575	-31
+ Inc (Dec) in Other	- -	- -	-5	8	3	19	-43	49	-128	71	-52	147	-3	-11	23
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	149	237	161	433	403	612	432	647	916	1,548	327	799	235	98	189
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	16	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	16	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-45	-1,179	-1,050	-1,566	-108	-94	-84	-105	-156	-157	-80	-105	-92	-84	-74
+ Acq of Fixed Prod Assets	-36	-44	-43	-81	-91	-94	-84	-105	-156	-157	-80	-105	-92	-84	-74
+ Acq of Intangible Assets	-9	-1,135	-1,006	-1,485	-17	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	2	- -	473	-133	-29	-136	458	-221	-145	-343	-61	-120	-153	- -	- -
+ Increase in Capital Stock	2	- -	473	- -	- -	- -	488	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	-133	-29	-136	-30	-221	-145	-343	-61	-120	-153	- -	- -
+ Net Change in LT Investment	-4	-1	-12	-8	-45	-20	-44	-48	-452	-139	-256	-75	-72	-50	-51
+ Dec in LT Investment	1	- -	- -	- -	- -	- -	20	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	-5	-1	-12	-8	-45	-20	-63	-48	-452	-139	-256	-75	-72	-50	-51
+ Net Cash From Acq & Div	-12	-1,159	-1,017	-1,493	-62	-477	40	- -	-8,999	-16	- -	-315	- -	- -	-29
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	311	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-12	-1,159	-1,017	-1,493	-62	-477	-271	- -	-8,999	-16	- -	-315	- -	- -	-29
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-52	1,191	1,027	1,670	64	-35	202	35	77	153	90	114	216	211	34
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-112	-1,149	-1,051	-1,397	-151	-610	114	-118	-9,530	-159	-246	-381	52	77	-120
+ Dividends Paid	-38	-124	-57	-61	-63	-66	-71	-74	-106	-99	-65	-77	-65	-66	-69
+ Net Cash From Debt	-2	1,068	769	918	-12	350	-174	-163	8,720	80	-244	-135	-85	-61	290
+ Cash From Debt	152	1,247	2,278	1,501	383	1,025	166	4	9,956	1,819	357	728	- -	- -	1,805
+ Repayments of Debt	-154	-179	-1,510	-583	-395	-674	-340	-167	-1,236	-1,739	-601	-863	-85	-61	-1,515
+ Other Financing Activities	-7	-22	-37	-21	-16	-44	-23	-7	418	-1,098	-154	-21	-206	-13	-121
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-45	922	1,148	702	-119	104	190	-465	8,887	-1,460	-524	-353	-509	-140	100
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-9	10	257	-262	132	106	736	64	273	-71	-443	65	-222	35	169
EBITDA	277	417	469	686	688	879	734	900	1,439	3,129	2,965	1,206	-47	781	403
EBITDA Margin (%)	36.25	39.26	34.39	34.72	31	33.52	27.85	29.46	33.94	52.65	48.34	30.7	-1.5	22.01	12.72
Free Cash Flow	104	-942	-889	-1,134	294	517	348	542	760	1,391	247	694	143	14	115
Net Cash Paid for Acquisitions	12	1,159	1,017	1,493	62	477	-40	- -	8,999	16	- -	315	- -	- -	29
Free Cash Flow to Firm	171	-854	-790	-1,014	439	659	- -	- -	- -	- -	- -	915	- -	260	- -
Free Cash Flow to Equity	111	1,261	886	1,269	299	884	174	379	9,480	1,471	3	559	58	-47	405
Free Cash Flow per Basic Share	1.29	-11.63	-9.54	-11.68	3.1	5.53	3.49	5.37	8.26	17.4	3.29	9.82	2.2	0.21	1.66
Price/Free Cash Flow	4.72	0.72	2.77	1.34	6.09	4.46	7.39	3.56	2.9	1.49	4.87	1.21	2.6	5.86	4.02
Cash Flow to Net Income	1.96	1.64	2.19	2.04	2.35	2.49	0.75	1.9	19.49	-0.64	-0.79	0.3	-0.81	0.32	-1.69
Capital Expenditures	-45	-1,179	-1,050	-1,566	-108	-94	-84	-105	-156	-157	-80	-105	-92	-84	-74