Tenet Healthcare Corporation

THC

THCTenet Healthcare Corporation US flag

New York Stock Exchange

164.84

USD

+1.24

- -

14.20BMarket 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	8,654	9,119	11,087	16,603	18,634	19,621	19,179	18,313	18,479	17,640	19,485	19,174	20,564	20,675	21,310
+ Sales & Services Revenue	8,654	9,119	11,087	16,603	18,634	19,621	19,179	18,313	18,479	17,640	19,485	19,174	20,564	20,675	21,310
- Cost of Revenue	1,548	1,552	1,784	2,630	2,963	3,124	3,085	3,004	3,057	2,982	3,328	3,273	3,590	3,647	3,780
+ Cost of Goods & Services	1,548	1,552	1,784	2,630	2,963	3,124	3,085	3,004	3,057	2,982	3,328	3,273	3,590	3,647	3,780
Gross Profit	7,106	7,567	9,303	13,973	15,671	16,497	16,094	15,309	15,422	14,658	16,157	15,901	16,974	17,028	17,530
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	6,378	6,794	8,521	12,882	14,270	15,037	14,705	13,702	13,719	12,518	13,748	13,489	14,531	14,111	14,091
+ Selling, General & Admin	4,015	4,257	5,371	8,023	8,990	9,328	9,274	8,633	8,698	8,418	8,878	8,844	9,146	8,801	8,705
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	2,363	2,537	3,150	4,859	5,280	5,709	5,431	5,069	5,021	4,100	4,870	4,645	5,385	5,310	5,386
Operating Income (Loss)	728	773	782	1,091	1,401	1,460	1,389	1,607	1,703	2,140	2,409	2,412	2,443	2,917	3,439
- Non-Operating (Income) Loss	564	439	940	944	1,257	1,212	1,490	978	1,383	1,469	521	1,067	826	-2,331	639
+ Interest Expense, Net	375	412	474	754	912	979	1,028	1,004	985	1,003	923	890	901	826	821
+ Interest Expense	375	412	474	754	912	979	1,028	1,004	985	1,003	923	890	901	826	821
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	189	27	466	190	345	233	462	-26	398	466	-402	177	-75	-3,157	-182
Pretax Income	164	334	-158	147	144	248	-101	629	320	671	1,888	1,345	1,617	5,248	2,800
- Income Tax Expense (Benefit)	61	125	-65	49	68	67	219	173	160	-97	411	344	306	1,184	433
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	103	209	-93	98	76	181	-320	456	160	768	1,477	1,001	1,311	4,064	2,367
- Net Extraordinary Losses (Gains)	33	38	71	150	434	741	768	707	761	738	1,125	1,180	1,400	1,728	1,920
+ Discontinued Operations	-9	-76	-11	-22	2	-5	- -	3	11	- -	-1	1	- -	- -	- -
+ Extraord. & Accounting Changes	42	114	82	172	432	746	768	704	750	738	1,126	1,179	1,400	1,728	1,920
Income (Loss) Incl. MI	70	171	-164	-52	-358	-560	-1,088	-251	-601	30	352	-179	-89	2,336	447
- Minority Interest	-12	19	-30	-64	-218	-368	-384	-355	-386	-369	-562	-590	-700	-864	-960
Net Income, GAAP	82	152	-134	12	-140	-192	-704	104	-215	399	914	411	611	3,200	1,407
- Preferred Dividends	24	11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	58	141	-134	12	-140	-192	-704	104	-215	399	914	411	611	3,200	1,407
EBIT	728	773	782	1,091	1,401	1,460	1,389	1,607	1,703	2,140	2,409	2,412	2,443	2,917	3,439
EBITDA	1,126	1,203	1,327	1,940	2,198	2,310	2,259	2,409	2,553	2,997	3,264	3,253	3,313	3,735	4,302
EBITDA Margin (%)	13.01	13.19	11.97	11.68	11.8	11.77	11.78	13.15	13.82	16.99	16.75	16.97	16.11	18.07	20.19
EBITA	728	773	782	1,091	1,401	1,460	1,389	1,607	1,703	2,140	2,409	2,412	2,443	2,917	3,439
Gross Margin (%)	82.11	82.98	83.91	84.16	84.1	84.08	83.91	83.6	83.46	83.1	82.92	82.93	82.54	82.36	82.26
Operating Margin (%)	8.41	8.48	7.05	6.57	7.52	7.44	7.24	8.78	9.22	12.13	12.36	12.58	11.88	14.11	16.14
Profit Margin (%)	0.95	1.67	-1.21	0.07	-0.75	-0.98	-3.67	0.57	-1.16	2.26	4.69	2.14	2.97	15.48	6.6
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.2	0.13	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	398	430	545	849	797	850	870	802	850	857	855	841	870	818	863
Basic Weighted Avg Shares	117	104	102	98	99	99	101	102	103	105	107	107	102	97	90
Basic EPS, GAAP	0.49	1.35	-1.32	0.12	-1.41	-1.93	-7	1.02	-2.08	3.8	8.56	3.84	6.01	33.02	15.61
Basic EPS from Cont Ops	0.88	2.01	-0.91	1	0.77	1.82	-3.18	4.47	1.55	7.31	13.83	9.36	12.9	41.94	26.26
Diluted Weighted Avg Shares	121	109	102	100	99	99	101	104	103	106	109	111	105	98	91
Diluted EPS, GAAP	0.48	1.29	-1.32	0.12	-1.41	-1.93	-7	1	-2.08	3.75	8.42	3.72	5.83	32.69	15.49
Diluted EPS from Cont Ops	0.85	1.92	-0.91	0.98	0.77	1.82	-3.18	4.39	1.55	7.23	13.6	9.06	12.51	41.52	26.06

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	2,357	2,681	3,692	3,970	5,171	5,257	5,573	4,636	5,081	7,147	7,075	5,981	7,167	7,682	7,849
+ Cash, Cash Equivalents & STI	113	364	113	193	356	716	611	411	262	2,446	2,364	858	1,228	3,019	2,883
+ Cash & Cash Equivalents	113	364	113	193	356	716	611	411	262	2,446	2,364	858	1,228	3,019	2,883
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1,285	1,352	1,890	2,406	2,711	2,901	2,621	2,616	2,753	2,690	3,917	4,087	3,993	3,615	3,855
+ Accounts Receivable, Net	1,278	1,345	1,890	2,404	2,704	2,897	2,616	2,595	2,743	2,690	2,770	2,943	2,914	2,536	2,565
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	7	7	- -	2	7	4	5	21	10	- -	1,147	1,144	1,079	1,079	1,290
+ Inventories	161	153	260	276	309	326	289	305	310	368	384	405	411	346	348
+ Raw Materials	161	153	260	276	309	326	289	305	310	368	384	405	411	346	348
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	798	812	1,429	1,095	1,795	1,314	2,052	1,304	1,756	1,643	410	631	1,535	702	763
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	6,105	6,363	12,758	13,981	18,511	19,444	17,812	17,773	18,284	19,959	20,504	21,175	21,145	21,254	21,828
+ Property, Plant & Equip, Net	4,350	4,293	7,807	7,921	8,150	8,257	7,224	7,148	7,959	7,884	7,429	7,591	7,319	7,086	7,449
+ Property, Plant & Equip	7,736	7,787	11,714	12,399	12,473	13,231	11,963	12,369	13,457	13,927	13,389	13,792	13,797	12,895	14,129
- Accumulated Depreciation	3,386	3,494	3,907	4,478	4,323	4,974	4,739	5,221	5,498	6,043	5,960	6,201	6,478	5,809	6,680
+ LT Investments & Receivables	156	162	72	133	876	984	1,014	996	980	1,027	1,815	1,629	1,560	1,532	1,442
+ LT Investments	156	162	72	133	876	984	1,014	996	980	1,027	1,815	1,629	1,560	1,532	1,442
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,599	1,908	4,879	5,927	9,485	10,203	9,574	9,629	9,345	11,048	11,260	11,955	12,266	12,636	12,937
+ Total Intangible Assets	1,225	1,566	4,671	5,001	8,645	9,270	8,784	9,012	8,854	10,408	10,758	11,547	11,675	12,088	12,546
+ Goodwill	736	916	3,566	3,913	6,970	7,425	7,018	7,281	7,252	8,808	9,261	10,123	10,307	10,691	11,198
+ Other Intangible Assets	489	650	1,105	1,088	1,675	1,845	1,766	1,731	1,602	1,600	1,497	1,424	1,368	1,397	1,348
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	374	342	208	926	840	933	790	617	491	640	502	408	591	548	391
Total Assets	8,462	9,044	16,450	17,951	23,682	24,701	23,385	22,409	23,365	27,106	27,579	27,156	28,312	28,936	29,677
+ Payables & Accruals	936	847	1,283	1,418	1,879	1,539	1,431	1,447	1,449	1,455	1,503	1,717	1,631	1,461	1,441
+ Accounts Payable	760	722	1,085	1,179	1,380	1,329	1,175	1,207	1,204	1,207	1,300	1,504	1,408	1,294	1,360
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	23	18	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	176	125	198	239	499	210	256	240	245	248	203	213	200	149	81
+ ST Debt	66	94	153	112	127	191	146	182	171	145	135	145	120	92	79
+ ST Borrowings	66	94	153	112	127	191	146	182	171	145	135	145	120	92	79
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	813	822	1,657	2,047	2,302	2,304	2,755	2,228	2,585	3,247	3,471	2,614	3,009	2,757	2,943
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	61	659	959	110	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	813	822	1,657	2,047	2,302	2,304	2,755	2,228	2,524	2,588	2,512	2,504	3,009	2,757	2,943
Total Current Liabilities	1,815	1,763	3,093	3,577	4,308	4,034	4,332	3,857	4,205	4,847	5,109	4,476	4,760	4,310	4,463
+ LT Debt	4,294	5,158	10,696	11,505	14,383	15,064	14,791	14,644	14,580	15,574	15,511	14,934	14,882	13,081	13,092
+ LT Borrowings	4,294	5,158	10,696	11,505	14,383	15,064	14,791	14,644	14,580	15,574	15,511	14,934	14,882	13,081	13,092
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	845	889	1,443	1,683	1,767	2,128	1,857	1,801	2,637	3,796	2,702	3,138	3,162	2,998	3,149
+ Accrued Liabilities	- -	- -	- -	- -	37	279	36	36	45	947	51	217	326	227	240
+ Pension Liabilities	337	292	398	633	595	626	536	521	560	497	421	331	335	298	245
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	508	597	1,045	1,050	1,135	1,223	1,285	1,244	2,032	2,352	2,230	2,590	2,501	2,473	2,664
Total Noncurrent Liabilities	5,139	6,047	12,139	13,188	16,150	17,192	16,648	16,445	17,217	19,370	18,213	18,072	18,044	16,079	16,241
Total Liabilities	6,954	7,810	15,232	16,765	20,458	21,226	20,980	20,302	21,422	24,217	23,322	22,548	22,804	20,389	20,704
+ Preferred Equity and Hybrid Capital	334	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	4,434	4,478	4,579	4,621	4,822	4,834	4,866	4,754	4,767	4,851	4,885	4,786	4,842	4,881	4,922
+ Common Stock	7	7	7	7	7	7	7	7	7	7	8	8	8	8	8
+ Additional Paid in Capital	4,427	4,471	4,572	4,614	4,815	4,827	4,859	4,747	4,760	4,844	4,877	4,778	4,834	4,873	4,914
- Treasury Stock	1,853	1,979	2,378	2,378	2,417	2,417	2,419	2,414	2,414	2,414	2,410	2,660	2,861	3,538	4,936
+ Retained Earnings	-1,440	-1,288	-1,422	-1,410	-1,550	-1,742	-2,390	-2,236	-2,513	-2,128	-1,214	-803	-192	3,008	4,415
+ Other Equity	-52	-68	-24	-182	-164	-258	-204	-223	-257	-281	-233	-181	-181	-180	-181
Equity Before Minority Interest	1,423	1,143	755	651	691	417	-147	-119	-417	28	1,028	1,142	1,608	4,171	4,220
+ Minority/Non Controlling Interest	85	91	463	535	2,533	3,058	2,552	2,226	2,360	2,861	3,229	3,466	3,900	4,376	4,753
Total Equity	1,508	1,234	1,218	1,186	3,224	3,475	2,405	2,107	1,943	2,889	4,257	4,608	5,508	8,547	8,973
Total Liabilities & Equity	8,462	9,044	16,450	17,951	23,682	24,701	23,385	22,409	23,365	27,106	27,579	27,156	28,312	28,936	29,677
Shares Outstanding	104	105	97	98	98	100	101	103	104	106	107	102	100	95	87
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	4,247	4,888	10,736	11,424	14,154	14,539	14,326	14,415	14,489	13,273	13,282	14,221	13,774	10,154	10,288
Net Debt to Equity	281.63	396.11	881.44	963.24	439.02	418.39	595.68	684.15	745.7	459.43	312	308.62	250.07	118.8	114.66
Tangible Common Equity Ratio	-0.7	-4.44	-29.31	-29.46	-36.05	-37.55	-43.69	-51.54	-47.63	-45.03	-38.65	-44.46	-37.07	-21.02	-20.86
Current Ratio	1.3	1.52	1.19	1.11	1.2	1.3	1.29	1.2	1.21	1.47	1.38	1.34	1.51	1.78	1.76
Cash Conversion Cycle	-85.49	-85.75	-78.89	-71.76	-69.82	-68.21	-61.09	-55.93	-54.27	-47.04	-44.44	-56.98	-54.33	-51.68	-50.88

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	94	133	-104	76	78	176	-320	459	171	768	1,476	1,001	1,311	4,064	2,367
+ Depreciation & Amortization	398	430	545	849	797	850	870	802	850	857	855	841	870	818	863
+ Non-Cash Items	1,028	985	1,302	1,443	1,810	1,244	2,160	157	535	191	-26	385	122	-2,971	170
+ Stock-Based Compensation	24	32	36	51	69	68	59	46	42	44	56	56	66	67	104
+ Deferred Income Taxes	81	92	-67	30	42	41	200	147	144	-128	250	209	52	-103	9
+ Asset Impairment Charge	20	19	103	153	318	202	541	209	185	290	85	226	137	7	61
+ Other Non-Cash Adj	903	842	1,230	1,209	1,381	933	1,360	-245	164	-15	-417	-106	-133	-2,942	-4
+ Chg in Non-Cash Work Cap	-985	-920	-1,139	-1,658	-1,638	-1,706	-1,505	-364	-318	1,592	-737	-1,143	71	136	140
+ (Inc) Dec in Accts Receiv	-850	-868	-987	-1,896	-1,632	-1,604	-1,448	-134	-247	195	-197	-140	-29	245	20
+ (Inc) Dec in Inventories	-35	-59	-203	-314	-130	-83	-35	17	-94	-145	-52	-64	-139	-86	-73
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-32	9	38	505	68	-51	-10	-142	12	1,302	-584	-898	215	-30	209
+ Inc (Dec) in Other	-68	-2	13	47	56	32	-12	-105	11	240	96	-41	24	7	-16
+ Net Cash From Disc Ops	-38	-35	-15	-23	-21	-6	-5	-5	-5	-1	- -	-1	- -	- -	- -
Cash from Operating Activities	497	593	589	687	1,026	558	1,200	1,049	1,233	3,407	1,568	1,083	2,374	2,047	3,540
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	45	20	6	549	573	827	543	63	77	1,248	210	71	4,981	38
+ Disp of Fixed Prod Assets	- -	45	20	6	549	573	827	543	63	77	1,248	210	71	4,981	38
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-475	-508	-691	-933	-842	-875	-707	-617	-670	-540	-658	-762	-751	-931	-1,010
+ Acq of Fixed Prod Assets	-475	-508	-691	-933	-842	-875	-707	-617	-670	-540	-658	-762	-751	-931	-1,010
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-374	-126	-400	- -	-40	- -	- -	- -	- -	- -	- -	-250	-200	-672	-1,386
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-374	-126	-400	- -	-40	- -	- -	- -	- -	- -	- -	-250	-200	-672	-1,386
+ Net Change in LT Investment	59	17	12	52	60	62	-45	51	20	15	-77	-16	-54	-31	3
+ Dec in LT Investment	59	17	12	52	60	62	36	199	82	59	31	76	50	63	93
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	-81	-148	-62	-44	-108	-92	-104	-94	-90
+ Net Cash From Acq & Div	-84	-166	-1,496	-434	-525	417	777	430	-25	-1,177	-1,220	-234	-224	-571	-308
+ Cash from Divestitures	- -	45	20	6	549	573	827	543	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-84	-211	-1,516	-440	-1,074	-156	-50	-113	-25	-1,177	-1,220	-234	-224	-571	-308
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-3	-50	-9	-13	-559	-607	-831	-522	-7	17	-7	-6	-11	-19	2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	17	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-503	-662	-2,164	-1,322	-1,317	-430	21	-115	-619	-1,608	-714	-808	-969	3,429	-1,275
+ Dividends Paid	-24	-14	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	137	764	1,779	740	889	606	-344	-289	-412	525	-349	-828	-172	-2,220	-96
+ Cash From Debt	1,345	2,785	8,198	3,853	5,753	2,655	4,765	973	8,359	4,558	2,872	2,023	1,370	23	2,276
+ Repayments of Debt	-1,208	-2,021	-6,419	-3,113	-4,864	-2,049	-5,109	-1,262	-8,771	-4,033	-3,221	-2,851	-1,542	-2,243	-2,372
+ Other Financing Activities	-25	-304	-55	-25	-395	-374	-982	-845	-351	-140	-587	-703	-663	-793	-919
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-286	320	1,324	715	454	232	-1,326	-1,134	-763	385	-936	-1,781	-1,035	-3,685	-2,401
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-292	251	-251	80	163	360	-105	-200	-149	2,184	-82	-1,506	370	1,791	-136
EBITDA	1,126	1,203	1,327	1,940	2,198	2,310	2,259	2,409	2,553	2,997	3,264	3,253	3,313	3,735	4,302
EBITDA Margin (%)	13.01	13.19	11.97	11.68	11.8	11.77	11.78	13.15	13.82	16.99	16.75	16.97	16.11	18.07	20.19
Free Cash Flow	22	85	-102	-246	184	-317	493	432	563	2,867	910	321	1,623	1,116	2,530
Net Cash Paid for Acquisitions	84	166	1,496	434	525	-417	-777	-430	25	1,177	1,220	234	224	571	308
Free Cash Flow to Firm	258	343	- -	257	665	398	- -	1,160	1,056	- -	1,632	983	2,353	1,756	3,224
Free Cash Flow to Equity	135	549	1,697	500	1,622	862	976	686	214	3,469	1,809	-297	1,522	3,877	2,472
Free Cash Flow per Basic Share	0.19	0.82	-1	-2.52	1.86	-3.19	4.9	4.23	5.44	27.3	8.52	3	15.97	11.52	28.06
Price/Free Cash Flow	2.56	3.21	3.34	3.14	1.61	1.03	0.8	1.07	2.07	1.08	3.98	2.92	2.53	4.15	3.97
Cash Flow to Net Income	6.06	3.9	-4.4	57.25	-7.33	-2.91	-1.7	10.09	-5.73	8.54	1.72	2.64	3.89	0.64	2.52
Capital Expenditures	-475	-508	-691	-933	-842	-875	-707	-617	-670	-540	-658	-762	-751	-931	-1,010