Sunbelt Rentals Holdings Inc

SUNB

SUNBSunbelt Rentals Holdings Inc US flag

New York Stock Exchange

81.11

USD

+3.75

- -

33.52BMarket Cap

Income Statement (GBP)

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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	1,583	1,847	2,110	2,750	3,145	3,720	4,121	5,103	5,818	6,302	6,639	7,962	9,667	10,859	10,792
+ Sales & Services Revenue	1,583	1,847	2,110	2,750	3,145	3,720	4,121	5,103	5,818	6,302	6,639	7,962	9,667	10,859	10,792
- Cost of Revenue	- -	361	378	442	473	576	572	717	847	963	1,114	1,203	1,551	1,842	1,679
+ Cost of Goods & Services	- -	361	378	442	473	576	572	717	847	963	1,114	1,203	1,551	1,842	1,679
Gross Profit	- -	1,486	1,732	2,308	2,672	3,145	3,549	4,385	4,972	5,339	5,524	6,759	8,116	9,017	9,113
+ Other Operating Income	-1,583	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,396	1,196	1,293	1,641	1,839	2,115	2,425	3,018	3,404	3,813	4,026	4,811	5,594	6,363	6,556
+ Selling, General & Admin	12	544	567	702	750	867	952	1,189	1,318	1,462	1,502	1,830	2,222	2,485	2,463
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1,384	652	727	939	1,089	1,247	1,472	1,829	2,086	2,351	2,525	2,981	3,372	3,878	4,093
Operating Income (Loss)	188	290	439	667	833	1,030	1,124	1,367	1,567	1,526	1,498	1,948	2,522	2,654	2,557
- Non-Operating (Income) Loss	185	71	107	67	102	129	135	180	197	300	263	280	366	544	559
+ Interest Expense, Net	102	74	70	76	101	119	132	150	192	274	252	226	359	536	549
+ Interest Expense	108	81	70	76	102	119	132	150	193	274	252	226	362	538	553
- Interest Income	6	7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	2	4
+ Other Non-Op (Income) Loss	83	-3	37	-9	1	10	3	31	5	27	11	54	7	9	10
Pretax Income	3	219	332	600	731	901	989	1,187	1,370	1,226	1,235	1,668	2,156	2,110	1,998
- Income Tax Expense (Benefit)	1	75	118	211	263	306	341	-147	340	303	315	417	538	511	488
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	2	144	213	389	468	596	648	1,334	1,030	922	920	1,251	1,618	1,598	1,510
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	2	144	213	389	468	596	648	1,334	1,030	922	920	1,251	1,618	1,598	1,510
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	2	144	213	389	468	596	648	1,334	1,030	922	920	1,251	1,618	1,598	1,510
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	2	144	213	389	468	596	648	1,334	1,030	922	920	1,251	1,618	1,598	1,510
EBIT	188	290	439	667	833	1,030	1,124	1,367	1,567	1,526	1,498	1,948	2,522	2,654	2,557
EBITDA	188	615	793	1,131	1,375	1,687	1,909	2,325	2,657	2,886	3,037	3,609	4,412	4,893	5,006
EBITDA Margin (%)	11.86	33.32	37.61	41.13	43.73	45.34	46.32	45.56	45.67	45.79	45.74	45.33	45.64	45.06	46.39
EBITA	-121	290	439	667	833	1,030	1,124	1,367	1,567	1,526	1,498	1,948	2,522	2,654	2,557
Gross Margin (%)	100	80.47	82.1	83.93	84.95	84.53	86.12	85.94	85.45	84.72	83.21	84.89	83.95	83.04	84.44
Operating Margin (%)	11.86	15.71	20.79	24.25	26.49	27.69	27.28	26.79	26.93	24.21	22.56	24.46	26.09	24.44	23.7
Profit Margin (%)	0.09	7.8	10.12	14.14	14.88	16.01	15.72	26.14	17.71	14.64	13.86	15.71	16.73	14.72	14
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.05	0.05	0.06	0.14	0.19	0.24	0.3	0.39	0.44	0.51	0.53	0.6	0.81	1	1.25
Depreciation Expense	309	325	355	464	542	657	785	958	1,090	1,360	1,539	1,662	1,890	2,239	2,449
Basic Weighted Avg Shares	498	498	500	501	501	502	499	496	480	456	448	445	439	437	436
Basic EPS, GAAP	- -	0.29	0.43	0.78	0.93	1.19	1.3	2.69	2.15	2.02	2.05	2.81	3.68	3.66	3.47
Basic EPS from Cont Ops	- -	0.29	0.43	0.78	0.93	1.19	1.3	2.69	2.15	2.02	2.05	2.81	3.68	3.66	3.47
Diluted Weighted Avg Shares	504	511	508	505	505	503	501	498	482	458	449	447	442	440	437
Diluted EPS, GAAP	- -	0.28	0.42	0.77	0.93	1.18	1.29	2.68	2.14	2.01	2.05	2.8	3.66	3.64	3.46
Diluted EPS from Cont Ops	- -	0.28	0.42	0.77	0.93	1.18	1.29	2.68	2.14	2.01	2.05	2.8	3.66	3.64	3.46

Balance Sheet (GBP)

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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	314	354	397	490	676	756	840	1,057	1,248	1,487	1,231	1,581	1,885	2,046	2,022
+ Cash, Cash Equivalents & STI	31	38	31	5	16	19	8	26	17	304	27	15	30	21	21
+ Cash & Cash Equivalents	31	38	31	5	16	19	8	26	17	304	27	15	30	21	21
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	294	340	454	623	677	774	955	1,124	1,077	1,102	1,398	1,674	1,863	1,854
+ Accounts Receivable, Net	221	242	287	372	504	577	654	765	908	1,036	928	1,174	1,385	1,528	1,481
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	-221	52	53	81	119	100	120	189	216	41	174	224	289	335	373
+ Inventories	19	22	26	31	37	60	57	76	108	105	102	168	181	162	147
+ Raw Materials	11	12	13	16	14	12	16	25	44	37	46	78	102	87	75
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	8	10	13	15	23	48	41	51	64	67	56	91	79	75	72
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -
+ Other ST Assets	263	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	2,355	2,713	3,123	4,007	5,280	6,184	7,082	8,228	9,559	11,798	11,607	13,709	16,844	19,605	19,669
+ Property, Plant & Equip, Net	1,730	2,057	2,455	3,246	4,336	5,245	5,825	6,722	7,742	4,504	9,322	10,757	13,247	15,674	15,754
+ Property, Plant & Equip	3,133	3,480	3,894	4,942	6,337	7,397	8,508	10,161	12,031	9,696	15,345	17,823	21,054	23,940	25,286
- Accumulated Depreciation	1,403	1,423	1,439	1,697	2,001	2,152	2,684	3,439	4,290	5,192	6,023	7,066	7,807	8,266	9,531
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	40	41	57	32
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	40	41	57	32
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	625	656	669	761	944	939	1,257	1,506	1,817	7,294	2,285	2,911	3,556	3,874	3,883
+ Total Intangible Assets	613	639	666	751	939	936	1,257	1,499	1,817	2,102	2,183	2,775	3,389	3,697	3,675
+ Goodwill	592	604	615	674	796	814	1,031	1,215	1,480	1,691	1,796	2,300	2,866	3,212	3,277
+ Other Intangible Assets	21	35	50	77	143	122	226	284	337	411	387	475	523	486	398
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	12	17	3	10	5	3	- -	6	- -	5,192	102	136	167	177	209
Total Assets	2,668	3,067	3,520	4,496	5,956	6,940	7,921	9,284	10,807	13,284	12,838	15,290	18,729	21,651	21,692
+ Payables & Accruals	- -	437	465	592	768	707	703	868	839	728	825	1,217	1,585	1,493	1,204
+ Accounts Payable	135	195	228	272	408	339	288	336	281	725	216	399	582	522	302
+ Accrued Taxes	4	29	36	46	52	53	63	85	99	3	91	76	84	102	88
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	-139	213	201	274	308	315	352	447	460	- -	518	742	919	870	813
+ ST Debt	3	3	3	4	3	4	3	4	3	134	169	189	233	274	299
+ ST Borrowings	3	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	3	3	4	3	4	3	4	3	134	169	189	233	274	299
+ Other ST Liabilities	311	18	18	25	28	42	37	36	55	68	54	69	40	42	61
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	311	18	18	25	28	42	37	36	55	68	54	69	40	42	61
Total Current Liabilities	314	459	486	620	799	753	743	908	897	929	1,048	1,475	1,858	1,809	1,563
+ LT Debt	1,323	1,425	1,599	1,933	2,615	2,941	3,273	3,757	4,856	6,935	5,659	6,987	8,756	10,402	10,053
+ LT Borrowings	1,323	1,423	1,598	1,929	2,610	2,936	3,271	3,753	4,853	5,666	4,194	5,180	6,595	7,995	7,500
+ LT Finance Leases	- -	3	1	4	5	4	2	4	3	1,269	1,465	1,807	2,161	2,407	2,553
+ Other LT Liabilities	227	280	378	555	826	1,083	1,357	1,141	1,433	1,672	1,606	1,795	2,107	2,356	2,407
+ Accrued Liabilities	- -	245	339	521	778	1,057	1,328	1,093	1,372	1,607	1,514	1,695	1,995	2,224	2,240
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	5	- -	1	15	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	227	35	39	34	48	26	25	48	59	49	92	100	112	131	167
Total Noncurrent Liabilities	1,550	1,705	1,977	2,489	3,442	4,023	4,631	4,898	6,289	8,607	7,265	8,782	10,864	12,757	12,460
Total Liabilities	1,865	2,164	2,463	3,109	4,241	4,777	5,374	5,805	7,186	9,536	8,312	10,256	12,721	14,567	14,024
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	33	97	93	101	92	87	77	82	77	108	108	108	108	108	108
+ Common Stock	92	90	86	93	85	81	65	69	65	82	82	82	82	82	82
+ Additional Paid in Capital	-59	7	7	8	7	7	13	14	13	26	26	26	26	26	26
- Treasury Stock	- -	54	51	56	51	48	- -	222	805	150	66	480	741	819	1,171
+ Retained Earnings	614	710	854	1,243	1,498	2,019	2,180	3,473	4,077	4,037	4,654	5,677	6,925	8,102	8,974
+ Other Equity	- -	159	173	119	200	129	312	173	303	-211	-134	-227	-246	-264	-209
Equity Before Minority Interest	804	903	1,057	1,387	1,714	2,163	2,547	3,479	3,621	3,749	4,526	5,034	6,008	7,085	7,668
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	804	903	1,057	1,387	1,714	2,163	2,547	3,479	3,621	3,749	4,526	5,034	6,008	7,085	7,668
Total Liabilities & Equity	2,668	3,067	3,520	4,496	5,956	6,940	7,921	9,284	10,807	13,284	12,838	15,290	18,729	21,651	21,692
Shares Outstanding	503	503	503	503	503	503	445	491	469	449	449	442	437	436	431
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	6	4	8	8	8	6	7	6	1,403	1,633	1,995	2,394	2,681	2,852
Net Debt	1,295	1,388	1,566	1,925	2,594	2,917	3,263	3,727	4,836	5,362	4,167	5,165	6,565	7,974	7,479
Net Debt to Equity	161.13	153.7	148.16	138.77	151.31	134.85	128.08	107.12	133.54	143.03	92.09	102.6	109.27	112.56	97.54
Tangible Common Equity Ratio	9.27	10.86	13.71	16.99	15.45	20.44	19.36	25.43	20.07	14.73	21.98	18.05	17.07	18.87	22.16
Current Ratio	1	0.77	0.82	0.79	0.85	1	1.13	1.16	1.39	1.6	1.17	1.07	1.01	1.13	1.29
Cash Conversion Cycle	- -	-99.3	-133.06	-136.38	-181.8	-143.68	-109.26	-69.94	-35.82	-94.53	-66.58	0.78	-24.98	-27.52	-5.88

Cash Flow Statement (GBP)

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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	162	295	449	688	859	1,064	1,161	1,429	1,634	1,603	1,498	1,948	2,522	2,654	2,557
+ Depreciation & Amortization	- -	325	355	464	542	657	785	958	1,090	1,360	1,539	1,662	1,890	2,239	2,449
+ Non-Cash Items	-48	-557	-796	-1,076	-1,362	-1,580	-1,357	-1,620	-1,993	-1,830	-1,091	-1,948	-3,232	-3,885	-2,840
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10	48	45	48	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-48	-557	-796	-1,076	-1,362	-1,580	-1,357	-1,620	-1,993	-1,830	-1,100	-1,996	-3,276	-3,932	-2,840
+ Chg in Non-Cash Work Cap	2	-14	-7	-38	-66	-92	-39	-52	-50	100	-4	-162	-180	-153	7
+ (Inc) Dec in Accts Receiv	-35	-33	-39	-78	-90	-54	-74	-114	-110	117	-128	-164	-210	-177	-52
+ (Inc) Dec in Inventories	-4	-1	-4	-5	-3	-22	8	-11	-19	-1	5	-67	-5	21	15
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	20	36	45	27	-16	26	73	78	-16	119	69	34	2	44
+ Inc (Dec) in Other	41	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	116	49	1	39	-27	49	549	714	681	1,232	1,942	1,499	1,000	855	2,174
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	8	11	12	19	12	12	10	12	13	15	18	25	41	48	61
+ Disp of Fixed Prod Assets	8	11	12	19	12	12	10	12	13	15	18	25	41	48	61
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-34	-81	-90	-144	-121	-160	-146	-194	-218	-260	-138	-398	-510	-686	-456
+ Acq of Fixed Prod Assets	-34	-78	-89	-144	-121	-160	-132	-191	-218	-260	-138	-398	-510	-686	-456
+ Acq of Intangible Assets	- -	-3	-2	- -	- -	- -	-14	-4	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-1	-11	-32	-75	-63	-18	-71	-232	-614	-581	-16	-457	-277	-108	-427
+ Increase in Capital Stock	- -	-6	-16	-38	-31	-18	-9	-14	-18	-22	-16	-24	- -	- -	- -
+ Decrease in Capital Stock	-1	-6	-16	-38	-31	- -	-62	-218	-595	-559	- -	-433	-277	-108	-427
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-40	-42	-15	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-40	-42	-15	- -
+ Net Cash From Acq & Div	-58	-36	-52	-174	-373	-100	-545	-494	-765	-565	-195	-1,277	-1,083	-874	-147
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	- -
+ Cash for Acq of Subs	-58	-36	-52	-174	-373	-100	-545	-494	-765	-565	-195	-1,277	-1,083	-876	-147
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-85	-106	-130	-298	-482	-248	-681	-676	-970	-810	-315	-1,691	-1,594	-1,527	-542
+ Dividends Paid	-24	-25	-31	-69	-95	-119	-150	-193	-212	-233	-239	-269	-358	-436	-544
+ Net Cash From Debt	-61	94	171	337	647	339	344	406	1,106	676	-1,659	884	1,244	1,208	-661
+ Cash From Debt	998	250	951	974	1,300	833	1,121	2,177	2,354	2,891	643	3,054	3,355	3,616	1,309
+ Repayments of Debt	-1,059	-156	-780	-637	-653	-494	-777	-1,771	-1,248	-2,216	-2,302	-2,170	-2,111	-2,409	-1,970
+ Other Financing Activities	-5	6	16	38	31	- -	- -	- -	- -	- -	4	24	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-91	64	125	230	521	203	122	-19	280	-139	-1,910	182	609	663	-1,632
Effect of Foreign Exchange Rates	122	- -	- -	- -	- -	- -	1	- -	- -	1	5	-1	-1	- -	- -
Net Changes in Cash	-60	7	-5	-29	12	3	-9	18	-9	284	-283	-10	15	-9	- -
EBITDA	188	615	793	1,131	1,375	1,687	1,909	2,325	2,657	2,886	3,037	3,609	4,412	4,893	5,006
EBITDA Margin (%)	11.86	33.32	37.61	41.13	43.73	45.34	46.32	45.56	45.67	45.79	45.74	45.33	45.64	45.06	46.39
Free Cash Flow	82	-32	-89	-105	-148	-111	403	520	463	973	1,804	1,101	490	169	1,718
Net Cash Paid for Acquisitions	58	36	52	174	373	100	545	494	765	565	195	1,277	1,083	874	147
Free Cash Flow to Firm	139	21	-44	-55	-83	-33	490	- -	608	1,179	1,992	1,270	761	576	2,137
Free Cash Flow to Equity	28	77	96	252	510	240	771	941	1,582	1,663	163	2,010	1,776	1,424	1,119
Free Cash Flow per Basic Share	0.16	-0.06	-0.18	-0.21	-0.3	-0.22	0.81	1.05	0.97	2.13	4.03	2.47	1.12	0.39	3.94
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	77.22	0.34	- -	0.1	-0.06	0.08	0.85	0.54	0.66	1.34	2.11	1.2	0.62	0.53	1.44
Capital Expenditures	-34	-81	-90	-144	-121	-160	-146	-194	-218	-260	-138	-398	-510	-686	-456