S&P Global Inc.

SPGI

SPGIS&P Global Inc. US flag

New York Stock Exchange

418.91

USD

+5.57

- -

124.00BMarket 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	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	3,954	4,270	4,702	5,051	5,313	5,661	6,063	6,258	6,699	7,442	8,297	11,181	12,497	14,208	15,336
+ Sales & Services Revenue	3,954	4,270	4,702	5,051	5,313	5,661	6,063	6,258	6,699	7,442	8,297	11,181	12,497	14,208	15,336
- Cost of Revenue	1,387	1,433	1,564	1,651	1,718	1,773	1,694	1,838	1,976	2,094	2,180	3,753	4,141	4,361	4,563
+ Cost of Goods & Services	1,387	1,433	1,564	1,651	1,718	1,773	1,694	1,838	1,976	2,094	2,180	3,753	4,141	4,361	4,563
Gross Profit	2,567	2,837	3,138	3,400	3,595	3,888	4,369	4,420	4,723	5,348	6,117	7,428	8,356	9,847	10,773
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,490	1,667	1,780	3,278	1,689	1,648	1,786	1,630	1,546	1,747	1,907	4,409	4,302	4,369	4,596
+ Selling, General & Admin	1,377	1,578	1,631	3,144	1,532	1,467	1,606	1,424	1,342	1,541	1,729	3,396	3,159	3,196	3,417
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	113	89	149	134	157	181	180	206	204	206	178	1,013	1,143	1,173	1,179
Operating Income (Loss)	1,077	1,170	1,358	122	1,906	2,240	2,583	2,790	3,177	3,601	4,210	3,019	4,054	5,478	6,177
- Non-Operating (Income) Loss	77	81	59	68	91	-948	122	109	247	373	46	-1,683	383	170	-50
+ Interest Expense, Net	77	81	59	59	102	181	149	134	141	141	119	304	334	297	287
+ Interest Expense	77	81	59	59	102	181	149	134	141	141	119	304	334	297	287
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	9	-11	-1,129	-27	-25	106	232	-73	-1,987	49	-127	-337
Pretax Income	1,000	1,089	1,299	54	1,815	3,188	2,461	2,681	2,930	3,228	4,164	4,702	3,671	5,308	6,227
- Income Tax Expense (Benefit)	374	388	425	245	547	960	823	560	627	694	901	1,180	778	1,141	1,407
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	626	701	874	-191	1,268	2,228	1,638	2,121	2,303	2,534	3,263	3,522	2,893	4,167	4,820
- Net Extraordinary Losses (Gains)	-262	319	-412	26	224	244	284	326	360	390	478	548	534	630	698
+ Discontinued Operations	308	-209	592	178	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-570	528	-1,004	-152	224	244	284	326	360	390	478	548	534	630	698
Income (Loss) Incl. MI	888	382	1,286	-217	1,044	1,984	1,354	1,795	1,943	2,144	2,785	2,974	2,359	3,537	4,122
- Minority Interest	-23	-55	-90	-102	-112	-122	-142	-163	-180	-195	-239	-274	-267	-315	-349
Net Income, GAAP	911	437	1,376	-115	1,156	2,106	1,496	1,958	2,123	2,339	3,024	3,248	2,626	3,852	4,471
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	911	437	1,376	-115	1,156	2,106	1,496	1,958	2,123	2,339	3,024	3,248	2,626	3,852	4,471
EBIT	1,077	1,170	1,358	122	1,906	2,240	2,583	2,790	3,177	3,601	4,210	3,019	4,054	5,478	6,177
EBITDA	1,203	1,311	1,495	256	2,063	2,421	2,763	2,996	3,381	3,807	4,388	4,032	5,197	6,651	7,356
EBITDA Margin (%)	30.42	30.7	31.79	5.07	38.83	42.77	45.57	47.87	50.47	51.16	52.89	36.06	41.59	46.81	47.97
EBITA	1,077	1,170	1,358	122	1,906	2,240	2,583	2,790	3,177	3,601	4,210	3,019	4,054	5,478	6,177
Gross Margin (%)	64.92	66.44	66.74	67.31	67.66	68.68	72.06	70.63	70.5	71.86	73.73	66.43	66.86	69.31	70.25
Operating Margin (%)	27.24	27.4	28.88	2.42	35.87	39.57	42.6	44.58	47.42	48.39	50.74	27	32.44	38.56	40.28
Profit Margin (%)	23.04	10.23	29.26	-2.28	21.76	37.2	24.67	31.29	31.69	31.43	36.45	29.05	21.01	27.11	29.15
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.99	3.53	1.12	1.2	1.34	1.45	1.64	2	2.28	2.68	3.09	3.23	3.6	3.64	3.84
Depreciation Expense	126	141	137	134	157	181	180	206	204	206	178	1,013	1,143	1,173	1,179
Basic Weighted Avg Shares	298	279	274	272	272	263	256	251	245	241	241	317	318	312	305
Basic EPS, GAAP	3.06	1.57	5.01	-0.42	4.26	8.01	5.84	7.8	8.65	9.71	12.56	10.25	8.25	12.36	14.67
Basic EPS from Cont Ops	2.1	2.52	3.18	-0.7	4.67	8.48	6.39	8.45	9.38	10.51	13.55	11.11	9.09	13.37	15.81
Diluted Weighted Avg Shares	304	285	280	272	275	265	259	253	247	242	242	318	319	312	305
Diluted EPS, GAAP	3	1.54	4.92	-0.42	4.21	7.94	5.78	7.73	8.6	9.66	12.51	10.2	8.23	12.35	14.65
Diluted EPS from Cont Ops	2.06	2.46	3.12	-0.7	4.62	8.4	6.33	8.38	9.33	10.47	13.49	11.06	9.07	13.36	15.8

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	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	4,312	3,899	2,941	3,962	3,296	3,671	4,324	3,587	4,712	5,988	8,810	5,667	5,143	5,459	6,296
+ Cash, Cash Equivalents & STI	864	761	1,560	2,500	1,487	2,400	2,789	1,935	2,894	4,117	6,508	1,300	1,316	1,686	1,801
+ Cash & Cash Equivalents	835	760	1,542	2,497	1,481	2,392	2,777	1,917	2,866	4,108	6,497	1,286	1,290	1,666	1,745
+ ST Investments	29	1	18	3	6	8	12	18	28	9	11	14	26	20	56
+ Accounts & Notes Receiv	702	954	949	932	991	1,122	1,319	1,449	1,577	1,593	1,650	2,494	2,826	2,867	3,441
+ Accounts Receivable, Net	702	954	949	932	991	1,122	1,319	1,449	1,577	1,593	1,650	2,494	2,826	2,867	3,441
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	263	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	263	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	2,483	2,184	432	530	818	149	216	203	241	278	652	1,873	1,001	906	1,054
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	2,308	3,153	3,120	2,811	4,888	4,998	5,101	5,854	6,636	6,549	5,370	56,117	55,446	54,762	54,904
+ Property, Plant & Equip, Net	373	368	249	206	270	271	275	270	996	778	667	720	637	678	691
+ Property, Plant & Equip	1,164	1,140	858	769	855	808	829	866	1,618	1,365	1,287	1,579	1,431	1,501	1,552
- Accumulated Depreciation	791	772	609	563	585	537	554	596	622	587	620	859	794	823	861
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	165	1,752	1,787	1,774	603
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	165	1,752	1,787	1,774	603
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,935	2,785	2,871	2,605	4,618	4,727	4,826	5,584	5,640	5,771	4,538	53,645	53,022	52,310	53,610
+ Total Intangible Assets	1,531	2,519	2,442	2,391	4,405	4,455	4,377	5,059	4,999	5,087	3,945	52,851	52,248	51,473	52,746
+ Goodwill	1,104	1,438	1,409	1,387	2,882	2,949	2,989	3,535	3,575	3,735	3,506	34,545	34,850	34,917	36,475
+ Other Intangible Assets	427	1,081	1,033	1,004	1,523	1,506	1,388	1,524	1,424	1,352	439	18,306	17,398	16,556	16,271
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	404	266	429	214	213	272	449	525	641	684	593	794	774	837	864
Total Assets	6,620	7,052	6,061	6,773	8,183	8,669	9,425	9,441	11,348	12,537	15,026	61,784	60,589	60,221	61,200
+ Payables & Accruals	256	407	225	1,854	383	334	379	284	258	317	295	566	678	752	790
+ Accounts Payable	223	249	210	191	206	183	195	211	190	233	205	450	557	553	610
+ Accrued Taxes	33	158	15	54	56	95	77	73	68	84	90	116	121	199	180
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	1,609	121	56	107	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	400	457	- -	- -	143	- -	399	- -	112	100	96	226	47	4	718
+ ST Borrowings	400	457	- -	- -	143	- -	399	- -	- -	- -	- -	226	47	4	718
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	112	100	96	118	- -	- -	- -
+ Other ST Liabilities	2,713	2,803	2,147	2,066	2,382	2,277	2,436	2,346	2,723	3,170	3,424	5,207	5,400	5,636	6,129
+ Deferred Revenue	1,187	1,229	1,268	1,254	1,421	1,509	1,613	1,641	1,928	2,168	2,217	3,126	3,461	3,694	4,088
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1,526	1,574	879	812	961	768	823	705	795	1,002	1,207	2,081	1,939	1,942	2,041
Total Current Liabilities	3,369	3,667	2,372	3,920	2,908	2,611	3,214	2,630	3,093	3,587	3,815	5,999	6,125	6,392	7,637
+ LT Debt	798	799	799	795	3,468	3,564	3,170	3,662	4,568	4,654	4,606	11,307	11,953	11,929	12,864
+ LT Borrowings	798	799	799	795	3,468	3,564	3,170	3,662	3,948	4,110	4,114	10,730	11,412	11,394	12,370
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	620	544	492	577	541	535	494
+ Other LT Liabilities	869	936	736	709	644	713	923	845	883	944	1,069	4,734	4,411	4,392	4,547
+ Accrued Liabilities	- -	56	206	40	23	- -	- -	- -	- -	- -	147	4,065	3,690	3,397	3,262
+ Pension Liabilities	511	529	264	333	276	274	244	229	259	291	262	180	199	180	178
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	358	351	266	336	345	439	679	616	624	653	660	489	522	815	1,107
Total Noncurrent Liabilities	1,667	1,735	1,535	1,504	4,112	4,277	4,093	4,507	5,451	5,598	5,675	16,041	16,364	16,321	17,411
Total Liabilities	5,036	5,402	3,907	5,424	7,020	6,888	7,307	7,137	8,544	9,185	9,490	22,040	22,489	22,713	25,048
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	506	904	859	905	887	914	937	1,127	1,197	1,240	1,325	44,837	44,646	44,736	44,532
+ Common Stock	412	412	412	412	412	412	412	294	294	294	294	415	415	415	415
+ Additional Paid in Capital	94	492	447	493	475	502	525	833	903	946	1,031	44,422	44,231	44,321	44,117
- Treasury Stock	6,240	6,145	6,746	6,849	7,729	8,701	9,602	11,041	12,299	13,461	13,469	25,347	28,411	31,671	36,374
+ Retained Earnings	7,667	6,525	7,384	6,946	7,636	9,210	10,023	11,284	12,205	13,367	15,017	17,784	18,728	20,977	23,666
+ Other Equity	-425	-517	-196	-514	-600	-773	-649	-742	-624	-637	-841	-886	-763	-883	-697
Equity Before Minority Interest	1,508	767	1,301	488	194	650	709	628	479	509	2,032	36,388	34,200	33,159	31,127
+ Minority/Non Controlling Interest	76	883	853	861	969	1,131	1,409	1,676	2,325	2,843	3,504	3,356	3,900	4,349	5,025
Total Equity	1,584	1,650	2,154	1,349	1,163	1,781	2,118	2,304	2,804	3,352	5,536	39,744	38,100	37,508	36,152
Total Liabilities & Equity	6,620	7,052	6,061	6,773	8,183	8,669	9,425	9,441	11,348	12,537	15,026	61,784	60,589	60,221	61,200
Shares Outstanding	276	279	271	272	266	258	254	249	244	241	241	329	315	308	299
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	732	644	588	695	541	535	494
Net Debt	363	496	-743	-1,702	2,130	1,172	792	1,745	1,082	2	-2,383	9,670	10,169	9,732	11,343
Net Debt to Equity	22.92	30.06	-34.49	-126.17	183.15	65.81	37.39	75.74	38.59	0.06	-43.05	24.33	26.69	25.95	31.38
Tangible Common Equity Ratio	1.04	-19.17	-7.96	-23.78	-85.81	-63.46	-44.75	-62.87	-34.57	-23.29	14.36	-146.73	-169.62	-159.64	-196.29
Current Ratio	1.28	1.06	1.24	1.01	1.13	1.41	1.35	1.36	1.52	1.67	2.31	0.94	0.84	0.85	0.82
Cash Conversion Cycle	66.7	30.65	20.3	23.64	23.88	28.08	32.75	40.41	45.4	40.87	34.67	35.79	33.31	26.67	28.55

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	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	626	701	874	-191	1,268	2,228	1,638	2,121	2,303	2,534	3,263	3,522	2,893	4,167	4,820
+ Depreciation & Amortization	126	141	137	134	157	181	180	206	204	206	178	1,013	1,143	1,173	1,179
+ Non-Cash Items	150	178	257	1,533	531	-853	266	249	271	580	227	-1,694	134	114	84
+ Stock-Based Compensation	77	90	96	100	78	76	99	94	78	90	122	214	171	247	236
+ Deferred Income Taxes	17	53	43	-245	280	79	- -	81	46	-31	13	-353	-381	-323	-242
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	11	120	31	132	- -	- -	- -
+ Other Non-Cash Adj	56	35	118	1,678	173	-1,008	167	74	136	401	61	-1,687	344	190	90
+ Chg in Non-Cash Work Cap	22	-290	-486	-267	-1,600	4	-68	-512	-2	247	-70	-238	-460	235	-432
+ (Inc) Dec in Accts Receiv	14	-250	-35	-9	-118	-177	-196	-164	-135	18	-144	36	-291	-79	-600
+ (Inc) Dec in Inventories	13	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	39	122	-267	-100	134	179	42	-8	-122	-87	-122	-258	-485	113	132
+ Inc (Dec) in Accts Payable	-29	73	-94	-165	-1,633	-131	71	-214	73	132	38	43	328	245	-55
+ Inc (Dec) in Other	-15	-235	-90	7	17	133	15	-126	182	184	158	-59	-12	-44	91
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	924	730	782	1,209	356	1,560	2,016	2,064	2,776	3,567	3,598	2,603	3,710	5,689	5,651
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	21	- -	51	83	14	1,498	2	6	85	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	21	- -	51	83	14	1,498	2	6	85	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-1,500	-295	-978	-362	-974	-1,123	-1,001	-1,660	-1,240	-1,164	- -	-12,004	-3,301	-3,301	-5,001
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-1,500	-295	-978	-362	-974	-1,123	-1,001	-1,660	-1,240	-1,164	- -	-12,004	-3,301	-3,301	-5,001
+ Net Change in LT Investment	-165	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	-165	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-173	-177	4	12	-2,382	1,321	-81	-395	-6	-183	-83	3,719	718	-137	-474
+ Cash from Divestitures	21	- -	51	83	14	1,498	2	6	85	18	16	3,719	1,014	168	1,549
+ Cash for Acq of Subs	-194	-177	-47	-71	-2,396	-177	-83	-401	-91	-201	-99	- -	-296	-305	-2,023
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	46	-69	-185	-160	-157	-1,648	-130	-124	-210	-57	-37	-91	-156	-118	-230
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-271	-246	-130	-65	-2,525	1,171	-209	-513	-131	-240	-120	3,628	562	-255	-704
+ Dividends Paid	-296	-984	-308	-326	-363	-380	-421	-503	-560	-645	-743	-1,024	-1,147	-1,134	-1,170
+ Net Cash From Debt	- -	-400	- -	- -	2,674	-71	- -	86	218	-118	- -	1,665	556	-47	989
+ Cash From Debt	- -	- -	- -	- -	2,674	493	- -	489	1,086	1,276	- -	5,395	744	- -	993
+ Repayments of Debt	- -	-400	- -	- -	- -	-564	- -	-403	-868	-1,394	- -	-3,730	-188	-47	-4
+ Other Financing Activities	136	774	-457	226	12	-88	-85	-211	-169	-239	-270	37	-388	-516	252
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1,660	-905	-1,743	-462	1,349	-1,662	-1,507	-2,288	-1,751	-2,166	-1,013	-11,326	-4,280	-4,998	-4,930
Effect of Foreign Exchange Rates	-10	5	-1	-65	-67	-158	87	-84	34	75	-82	-123	12	-61	62
Net Changes in Cash	-1,007	-421	-1,091	682	-820	1,069	300	-737	894	1,161	2,465	-5,095	-8	436	17
EBITDA	1,203	1,311	1,495	256	2,063	2,421	2,763	2,996	3,381	3,807	4,388	4,032	5,197	6,651	7,356
EBITDA Margin (%)	30.42	30.7	31.79	5.07	38.83	42.77	45.57	47.87	50.47	51.16	52.89	36.06	41.59	46.81	47.97
Free Cash Flow	924	730	782	1,209	356	1,560	2,016	2,064	2,776	3,567	3,598	2,603	3,710	5,689	5,651
Net Cash Paid for Acquisitions	173	177	-4	-12	2,382	-1,321	81	395	6	183	83	-3,719	-718	137	474
Free Cash Flow to Firm	972	782	822	1,000	427	1,686	2,115	2,170	2,887	3,678	3,691	2,831	3,973	5,922	5,873
Free Cash Flow to Equity	945	330	833	1,292	3,044	2,987	2,018	2,156	3,079	3,449	3,598	4,268	4,266	5,642	6,640
Free Cash Flow per Basic Share	3.1	2.62	2.85	4.45	1.31	5.94	7.87	8.23	11.31	14.8	14.94	8.21	11.65	18.26	18.54
Price/Free Cash Flow	14.8	21.31	27.98	19.98	76.04	18.28	21.75	20.85	24.29	22.31	31.72	40.98	37.87	27.3	28.21
Cash Flow to Net Income	1.01	1.67	0.57	-10.51	0.31	0.74	1.35	1.05	1.31	1.53	1.19	0.8	1.41	1.48	1.26
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -