Stifel Financial Corp.

SFStifel Financial Corp. US flag

New York Stock Exchange

69.37

USD

-0.01

- -

10.64BMarket 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	1,368	1,565	1,936	2,172	2,289	2,531	2,882	2,983	3,293	3,696	4,677	4,334	4,291	4,907	5,464
+ Sales & Services Revenue	1,368	1,565	1,936	2,172	2,289	2,531	2,882	2,983	3,293	3,696	4,677	4,334	4,291	4,907	5,464
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	887	1,010	1,311	1,404	1,569	1,726	1,959	1,771	1,978	2,279	2,820	2,586	2,555	2,916	3,272
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-887	-1,010	-1,311	-1,404	-1,569	-1,726	-1,959	-1,771	-1,978	-2,279	-2,820	-2,586	-2,555	-2,916	-3,272
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-138	-230	-185	-291	-142	-143	-270	-534	-599	-651	-1,067	-885	-707	-928	-871
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-138	-230	-185	-291	-142	-143	-270	-534	-599	-651	-1,067	-885	-707	-928	-871
Pretax Income	138	230	185	291	142	143	270	534	599	651	1,067	885	707	928	871
- Income Tax Expense (Benefit)	54	84	12	112	49	61	87	140	149	148	242	223	184	197	187
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	84	145	173	179	92	82	183	394	450	503	825	662	523	731	684
- Net Extraordinary Losses (Gains)	- -	7	11	3	- -	- -	- -	- -	3	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	-7	-11	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	13	22	6	- -	- -	- -	- -	3	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	84	139	162	176	92	82	183	394	447	503	825	662	523	731	684
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -	- -	- -	- -	- -	- -
Net Income, GAAP	84	139	162	176	92	82	183	394	448	503	825	662	523	731	684
- Preferred Dividends	- -	- -	- -	- -	- -	4	9	9	17	27	36	37	37	37	37
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	84	139	162	176	92	78	173	385	431	476	789	625	485	694	646
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	34	35	46	42	47	58	45	40	54	60	64	70	81	86	95
EBITDA Margin (%)	2.46	2.23	2.38	1.92	2.06	2.27	1.55	1.36	1.65	1.64	1.36	1.62	1.9	1.75	1.74
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	6.15	8.86	8.37	8.11	4.03	3.22	6.34	13.21	13.62	13.62	17.63	15.28	12.18	14.9	12.52
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	0.03	0.15	0.27	0.37	0.46	0.63	1.05	1.25	1.46	1.57
Depreciation Expense	34	35	46	42	47	58	45	40	54	60	64	70	81	86	95
Basic Weighted Avg Shares	118	121	143	150	154	150	154	162	162	159	161	163	160	156	155
Basic EPS, GAAP	0.71	1.15	1.13	1.18	0.6	0.52	1.12	2.38	2.66	2.99	4.89	3.83	3.03	4.45	4.16
Basic EPS from Cont Ops	0.71	1.21	1.21	1.2	0.6	0.54	1.19	2.44	2.78	3.16	5.11	4.06	3.27	4.69	4.4
Diluted Weighted Avg Shares	142	142	165	172	177	175	182	183	177	172	178	176	170	166	165
Diluted EPS, GAAP	0.59	0.98	0.98	1.02	0.52	0.44	0.95	2.1	2.44	2.77	4.44	3.54	2.85	4.17	3.92
Diluted EPS from Cont Ops	0.59	1.03	1.05	1.04	0.52	0.47	1	2.15	2.54	2.93	4.64	3.76	3.07	4.39	4.14

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	1,382	2,029	2,473	2,203	2,441	4,094	4,470	5,007	4,397	4,510	4,077	3,836	3,681	2,996	2,673
+ Cash & Cash Equivalents	168	404	717	690	811	913	696	1,937	1,143	2,279	1,963	2,200	3,577	2,918	2,569
+ ST Investments	1,214	1,625	1,756	1,513	1,630	3,181	3,774	3,070	3,255	2,230	2,114	1,636	104	78	104
+ Accounts & Notes Receiv	813	764	912	1,135	2,201	2,441	1,843	1,717	1,980	1,486	1,727	1,342	1,020	1,099	1,386
+ Accounts Receivable, Net	560	488	530	484	1,599	1,416	1,384	1,201	1,352	936	1,153	924	842	897	1,138
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	253	276	381	651	602	1,025	459	516	628	549	574	418	179	202	248
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-2,194	-2,793	-3,384	-3,338	-4,642	-6,535	-6,313	-6,724	-6,377	-5,996	-5,804	-5,179	-4,702	-4,095	-4,060
+ 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	105	141	106	124	182	173	155	373	- -	961	919	976	970	1,002	986
+ Property, Plant & Equip	224	287	277	319	406	436	394	675	- -	1,285	1,284	1,396	1,446	1,301	1,334
- Accumulated Depreciation	120	145	170	195	224	263	239	303	- -	324	365	420	476	299	349
+ LT Investments & Receivables	2,119	3,333	4,087	3,688	4,416	7,278	8,727	8,625	7,164	7,156	8,737	8,458	8,470	9,369	9,660
+ LT Investments	2,119	3,333	4,087	3,688	4,416	7,278	8,727	8,625	7,164	7,156	8,737	8,458	8,470	9,369	9,660
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-2,224	-3,475	-4,194	-3,812	-4,598	-7,451	-8,882	-8,998	-7,164	-8,117	-9,656	-9,434	-9,440	-10,371	-10,645
+ Total Intangible Assets	393	448	777	850	979	1,079	1,078	1,154	1,356	1,323	1,455	1,457	1,522	1,509	1,572
+ Goodwill	359	419	727	795	916	962	969	1,035	1,194	1,182	1,307	1,327	1,388	1,395	1,464
+ Other Intangible Assets	34	29	50	55	63	116	110	120	162	141	148	131	133	114	108
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-2,616	-3,923	-4,971	-4,662	-5,577	-8,530	-9,960	-10,152	-8,520	-9,440	-11,111	-10,891	-10,961	-11,880	-12,217
Total Assets	4,952	6,966	9,009	9,518	13,326	19,129	21,384	24,520	24,610	26,604	34,050	37,196	37,727	39,896	41,271
+ Payables & Accruals	719	678	738	713	1,971	1,860	1,520	1,719	2,719	2,529	2,486	2,232	1,369	1,342	1,296
+ Accounts Payable	643	588	663	638	1,787	1,766	1,413	1,614	2,600	2,412	2,364	2,130	1,251	1,215	1,153
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	76	90	75	75	184	94	107	105	120	118	123	102	118	127	143
+ ST Debt	- -	59	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	59	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-719	-737	-738	-713	-1,971	-1,860	-1,520	-1,719	-2,719	-2,529	-2,486	-2,232	-1,369	-1,342	-1,296
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-719	-737	-738	-713	-1,971	-1,860	-1,520	-1,719	-2,719	-2,529	-2,486	-2,232	-1,369	-1,342	-1,296
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	282	712	463	708	1,060	1,740	2,083	1,797	1,327	1,172	1,173	1,175	2,001	1,544	1,528
+ LT Borrowings	282	712	463	708	1,060	1,740	2,083	1,797	1,327	1,172	1,173	1,175	1,176	677	672
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	826	867	856
+ Other LT Liabilities	-282	-712	-463	-708	-1,060	-1,740	-2,083	-1,797	-1,327	-1,172	-1,173	-1,175	-2,001	-1,544	-1,528
+ Accrued Liabilities	7	5	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-289	-718	-466	-708	-1,060	-1,740	-2,083	-1,797	-1,327	-1,172	-1,173	-1,175	-2,001	-1,544	-1,528
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	3,650	5,471	6,950	7,196	10,834	16,391	18,522	21,322	20,940	22,365	29,015	31,868	32,433	34,209	35,293
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	150	150	150	310	535	685	685	685	685	685
+ Share Capital & APIC	1,087	1,108	1,554	1,644	1,831	1,851	1,744	1,904	1,920	1,906	1,939	1,945	1,922	1,912	1,933
+ Common Stock	8	8	10	10	10	10	11	11	17	17	17	17	17	17	17
+ Additional Paid in Capital	1,079	1,100	1,544	1,634	1,821	1,841	1,733	1,893	1,904	1,889	1,922	1,928	1,905	1,896	1,916
- Treasury Stock	54	3	- -	- -	105	100	39	181	320	308	351	352	637	630	786
+ Retained Earnings	277	384	540	716	806	877	1,034	1,367	1,716	2,078	2,757	3,169	3,399	3,795	4,163
+ Other Equity	-8	5	-35	-38	-40	-39	-27	-73	-12	28	5	-118	-74	-76	-18
Equity Before Minority Interest	1,302	1,495	2,059	2,322	2,492	2,738	2,862	3,168	3,615	4,239	5,035	5,328	5,294	5,687	5,977
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	30	55	- -	- -	- -	- -	- -	- -
Total Equity	1,302	1,495	2,059	2,322	2,492	2,738	2,862	3,198	3,670	4,239	5,035	5,328	5,294	5,687	5,977
Total Liabilities & Equity	4,952	6,966	9,009	9,518	13,326	19,129	21,384	24,520	24,610	26,604	34,050	37,196	37,727	39,896	41,271
Shares Outstanding	117	124	143	149	151	150	159	159	154	155	157	158	152	153	152
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	826	867	856
Net Debt	114	367	-253	18	249	827	1,387	-140	184	-1,107	-790	-1,025	-2,402	-2,242	-1,897
Net Debt to Equity	8.77	24.57	-12.31	0.76	9.98	30.22	48.48	-4.38	5.03	-26.11	-15.69	-19.24	-45.36	-39.42	-31.74
Tangible Common Equity Ratio	19.94	16.05	15.57	16.99	12.26	8.36	8.04	8.1	8.62	9.42	8.88	8.92	8.53	9.1	9.37
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	84	139	162	176	92	82	183	394	450	503	825	662	523	731	684
+ Depreciation & Amortization	34	35	46	42	47	58	45	40	54	60	64	70	81	86	95
+ Non-Cash Items	54	15	282	116	171	333	387	261	123	112	617	364	208	284	753
+ Stock-Based Compensation	26	41	137	94	166	186	140	101	102	108	119	136	140	154	164
+ Deferred Income Taxes	26	46	-26	-9	-6	46	118	14	-7	-39	32	13	16	-31	-21
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	2	-71	171	30	11	101	128	146	28	43	466	215	52	161	610
+ Chg in Non-Cash Work Cap	-126	-453	212	-83	-572	-914	66	-166	-1	986	-634	62	-313	-611	-415
+ (Inc) Dec in Accts Receiv	-64	49	-73	-204	-920	-262	598	126	-26	494	-223	385	88	-127	-327
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-37	63	12	-5	886	-310	-81	-9	-132	250	-81	-304	23	-317	-6
+ Inc (Dec) in Other	-26	-564	274	126	-538	-342	-451	-283	158	242	-331	-20	-424	-167	-82
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	45	-264	702	250	-262	-441	680	530	627	1,662	872	1,157	499	490	1,117
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	46	- -	- -	- -	- -	22	- -	- -	148	- -	- -	70	117
+ Disp of Fixed Prod Assets	- -	- -	46	- -	- -	- -	- -	22	- -	- -	148	- -	- -	70	117
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-60	-19	-32	-27	-70	-28	-28	-108	-158	-73	-188	-82	-52	-74	-62
+ Acq of Fixed Prod Assets	-60	-19	-32	-27	-70	-28	-28	-108	-158	-73	-188	-82	-52	-74	-62
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-45	- -	-14	- -	-118	-113	-13	-170	-215	-58	-173	-106	-444	-144	-245
+ Increase in Capital Stock	4	12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-49	-11	-14	- -	-118	-113	-13	-170	-215	-58	-173	-106	-444	-144	-245
+ Net Change in LT Investment	-394	-907	-783	382	-781	-2,713	-1,237	185	1,201	-211	-1,172	-408	206	-680	19
+ Dec in LT Investment	741	651	620	856	1,058	696	1,384	2,097	1,721	1,059	2,333	466	255	2,469	2,459
+ Inc in LT Investment	-1,135	-1,558	-1,403	-474	-1,840	-3,408	-2,621	-1,912	-521	-1,270	-3,505	-873	-49	-3,149	-2,440
+ Net Cash From Acq & Div	-19	-120	-89	-80	-605	-51	-7	-8	-193	37	-144	-12	-112	-8	-75
+ Cash from Divestitures	- -	- -	- -	- -	- -	21	- -	- -	- -	37	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-19	-120	-89	-80	-605	-72	-7	-8	-193	- -	-144	-12	-112	-8	-75
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-243	-180	-249	-668	-517	-2,462	-1,375	-1,080	-1,200	-1,441	-5,609	-3,823	1,002	-1,618	-1,613
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-716	-1,226	-1,106	-393	-1,973	-5,255	-2,647	-989	-350	-1,689	-6,966	-4,325	1,045	-2,310	-1,614
+ Dividends Paid	- -	- -	- -	- -	- -	-4	-23	-44	-59	-74	-102	-171	-200	-227	-244
+ Net Cash From Debt	89	374	-61	293	270	692	342	-432	-416	-156	- -	- -	- -	-500	-87
+ Cash From Debt	90	375	- -	296	445	842	463	- -	- -	394	- -	- -	- -	- -	- -
+ Repayments of Debt	-1	-2	-61	-3	-175	-150	-121	-432	-416	-550	- -	- -	- -	-500	-87
+ Other Financing Activities	541	1,351	790	-169	2,208	5,082	1,455	2,393	-387	1,487	6,069	3,468	390	1,851	667
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	585	1,725	715	123	2,360	5,657	1,760	1,748	-1,077	1,199	5,794	3,191	-255	980	91
Effect of Foreign Exchange Rates	-1	1	2	-7	-4	-13	8	-6	5	7	-4	55	5	-6	10
Net Changes in Cash	-85	235	311	-19	125	-39	-207	1,288	-800	1,171	-299	24	1,289	-840	-406
EBITDA	34	35	46	42	47	58	45	40	54	60	64	70	81	86	95
EBITDA Margin (%)	2.46	2.23	2.38	1.92	2.06	2.27	1.55	1.36	1.65	1.64	1.36	1.62	1.9	1.75	1.74
Free Cash Flow	-14	-283	670	224	-332	-470	652	421	469	1,588	684	1,075	447	417	1,055
Net Cash Paid for Acquisitions	19	120	89	80	605	51	7	8	193	-37	144	12	112	8	75
Free Cash Flow to Firm	-14	-283	670	224	-332	-470	652	421	469	1,588	684	1,075	447	417	1,055
Free Cash Flow to Equity	74	91	655	516	-62	368	984	2	196	1,630	947	1,038	410	-51	1,048
Free Cash Flow per Basic Share	-0.12	-2.35	4.68	1.5	-2.15	-3.12	4.22	2.61	2.89	9.97	4.24	6.58	2.8	2.67	6.8
Price/Free Cash Flow	28.84	-12.3	7.19	21.11	-26	-14.06	10.22	7.92	9.11	5	11.81	8.3	21.35	31.3	17.53
Cash Flow to Net Income	0.54	-1.91	4.33	1.42	-2.84	-5.41	3.72	1.34	1.4	3.3	1.06	1.75	0.96	0.67	1.63
Capital Expenditures	-60	-19	-32	-27	-70	-28	-28	-108	-158	-73	-188	-82	-52	-74	-62