Texas Instruments Incorporated

TII.DE

TII.DETexas Instruments Incorporated DE flag

Deutsche Börse

263.45

EUR

+3.30

- -

239.76BMarket 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	13,735	12,825	12,205	13,045	13,000	13,370	14,961	15,784	14,383	14,461	18,344	20,028	17,519	15,641	17,682
+ Sales & Services Revenue	13,735	12,825	12,205	13,045	13,000	13,370	14,961	15,784	14,383	14,461	18,344	20,028	17,519	15,641	17,682
- Cost of Revenue	6,963	6,457	5,841	5,618	5,425	5,113	5,347	5,507	5,219	5,192	5,968	6,257	6,500	6,547	7,599
+ Cost of Goods & Services	6,963	6,457	5,841	5,618	5,425	5,113	5,347	5,507	5,219	5,192	5,968	6,257	6,500	6,547	7,599
Gross Profit	6,772	6,368	6,364	7,427	7,575	8,257	9,614	10,277	9,164	9,269	12,376	13,771	11,019	9,094	10,083
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	3,353	3,681	3,380	3,201	2,995	3,098	3,202	3,243	3,189	3,153	3,220	3,374	3,688	3,753	3,943
+ Selling, General & Admin	1,638	1,804	1,858	1,843	1,728	1,742	1,694	1,684	1,645	1,623	1,666	1,704	1,825	1,794	1,860
+ Research & Development	1,715	1,877	1,522	1,358	1,267	1,356	1,508	1,559	1,544	1,530	1,554	1,670	1,863	1,959	2,083
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	3,419	2,687	2,984	4,226	4,580	5,159	6,412	7,034	5,975	6,116	9,156	10,397	7,331	5,341	6,140
- Non-Operating (Income) Loss	464	752	230	352	364	229	332	348	247	99	237	365	-87	-112	430
+ Interest Expense, Net	30	45	95	81	76	72	78	125	170	190	184	214	353	508	543
+ Interest Expense	42	85	95	94	90	80	78	125	170	190	184	214	353	508	543
- Interest Income	12	40	- -	13	14	8	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	434	707	135	271	288	157	254	223	77	-91	53	151	-440	-620	-113
Pretax Income	2,955	1,935	2,754	3,874	4,216	4,930	6,080	6,686	5,728	6,017	8,919	10,032	7,418	5,453	5,710
- Income Tax Expense (Benefit)	719	176	592	1,053	1,230	1,335	2,398	1,106	711	422	1,150	1,283	908	654	709
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	2,236	1,759	2,162	2,821	2,986	3,595	3,682	5,580	5,017	5,595	7,769	8,749	6,510	4,799	5,001
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	2,236	1,759	2,162	2,821	2,986	3,595	3,682	5,580	5,017	5,595	7,769	8,749	6,510	4,799	5,001
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	2,236	1,759	2,162	2,821	2,986	3,595	3,682	5,580	5,017	5,595	7,769	8,749	6,510	4,799	5,001
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	2,236	1,759	2,162	2,821	2,986	3,595	3,682	5,580	5,017	5,595	7,769	8,749	6,510	4,799	5,001
EBIT	3,419	2,687	2,984	4,226	4,580	5,159	6,412	7,034	5,975	6,116	9,156	10,397	7,331	5,341	6,140
EBITDA	4,527	4,088	4,281	5,456	5,713	6,114	7,316	7,988	7,025	7,108	10,110	11,376	8,569	6,921	8,139
EBITDA Margin (%)	32.96	31.88	35.08	41.82	43.95	45.73	48.9	50.61	48.84	49.15	55.11	56.8	48.91	44.25	46.03
EBITA	3,419	2,687	2,984	4,226	4,580	5,159	6,412	7,034	5,975	6,116	9,156	10,397	7,331	5,341	6,140
Gross Margin (%)	49.3	49.65	52.14	56.93	58.27	61.76	64.26	65.11	63.71	64.1	67.47	68.76	62.9	58.14	57.02
Operating Margin (%)	24.89	20.95	24.45	32.4	35.23	38.59	42.86	44.56	41.54	42.29	49.91	51.91	41.85	34.15	34.72
Profit Margin (%)	16.28	13.72	17.71	21.63	22.97	26.89	24.61	35.35	34.88	38.69	42.35	43.68	37.16	30.68	28.28
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.56	0.72	1.07	1.26	1.43	1.65	2.12	2.63	3.21	3.72	4.21	4.69	5.02	5.26	5.5
Depreciation Expense	1,108	1,401	1,297	1,230	1,133	955	904	954	1,050	992	954	979	1,238	1,580	1,999
Basic Weighted Avg Shares	1,151	1,132	1,098	1,047	1,011	996	991	970	936	921	923	916	908	912	909
Basic EPS, GAAP	1.94	1.55	1.97	2.7	2.95	3.61	3.72	5.75	5.36	6.07	8.42	9.55	7.17	5.26	5.5
Basic EPS from Cont Ops	1.94	1.55	1.97	2.7	2.95	3.61	3.72	5.75	5.36	6.07	8.42	9.55	7.17	5.26	5.5
Diluted Weighted Avg Shares	1,171	1,146	1,113	1,080	1,043	1,021	1,012	990	952	933	936	926	916	919	913
Diluted EPS, GAAP	1.91	1.53	1.94	2.61	2.86	3.52	3.64	5.64	5.27	6	8.3	9.45	7.11	5.22	5.48
Diluted EPS from Cont Ops	1.91	1.53	1.94	2.61	2.86	3.52	3.64	5.64	5.27	6	8.3	9.45	7.11	5.22	5.48

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	7,828	8,230	8,019	7,421	7,074	7,457	8,734	8,097	8,761	10,239	13,685	14,021	15,122	15,026	13,750
+ Cash, Cash Equivalents & STI	2,935	3,965	3,829	3,541	3,218	3,490	4,469	4,233	5,387	6,568	9,739	9,067	8,575	7,580	4,881
+ Cash & Cash Equivalents	992	1,416	1,627	1,199	1,000	1,154	1,656	2,438	2,437	3,107	4,631	3,050	2,964	3,200	3,225
+ ST Investments	1,943	2,549	2,202	2,342	2,218	2,336	2,813	1,795	2,950	3,461	5,108	6,017	5,611	4,380	1,656
+ Accounts & Notes Receiv	1,545	1,230	1,203	1,246	1,165	1,267	1,278	1,207	1,074	1,414	1,701	1,895	1,787	1,719	1,963
+ Accounts Receivable, Net	1,545	1,230	1,203	1,246	1,165	1,267	1,278	1,207	1,074	1,414	1,701	1,895	1,787	1,719	1,963
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	1,788	1,757	1,731	1,784	1,691	1,790	1,957	2,217	2,001	1,955	1,910	2,757	3,999	4,527	4,804
+ Raw Materials	115	116	102	101	109	102	126	181	176	180	245	353	420	395	465
+ Work In Process	1,004	935	919	896	846	954	1,089	1,070	916	964	1,067	1,546	2,109	2,214	2,372
+ Finished Goods	669	706	710	787	736	734	742	966	909	811	598	858	1,470	1,918	1,967
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1,560	1,278	1,256	850	1,000	910	1,030	440	299	302	335	302	761	1,200	2,102
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	12,669	11,791	10,919	9,951	9,156	8,974	8,908	9,040	9,257	9,112	10,991	13,186	17,226	20,483	20,835
+ Property, Plant & Equip, Net	4,428	3,912	3,399	2,840	2,596	2,512	2,664	3,183	3,303	3,269	5,141	6,876	9,999	11,347	12,320
+ Property, Plant & Equip	7,133	6,891	6,556	6,266	5,465	4,923	4,789	5,425	5,740	5,781	7,858	9,950	13,268	15,254	17,682
- Accumulated Depreciation	2,705	2,979	3,157	3,426	2,869	2,411	2,125	2,242	2,437	2,512	2,717	3,074	3,269	3,907	5,362
+ LT Investments & Receivables	265	215	216	224	221	235	268	251	300	49	- -	- -	- -	- -	- -
+ LT Investments	265	215	216	224	221	235	268	251	300	49	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	7,976	7,664	7,304	6,887	6,339	6,227	5,976	5,606	5,654	5,794	5,850	6,310	7,227	9,136	8,515
+ Total Intangible Assets	7,558	7,062	6,703	6,347	5,991	5,678	5,418	5,079	4,771	4,484	4,447	4,514	4,585	4,619	4,568
+ Goodwill	4,452	4,362	4,362	4,362	4,362	4,362	4,362	4,362	4,362	4,362	4,362	4,362	4,362	4,362	4,330
+ Other Intangible Assets	3,106	2,700	2,341	1,985	1,629	1,316	1,056	717	409	122	85	152	223	257	238
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	418	602	601	540	348	549	558	527	883	1,310	1,403	1,796	2,642	4,517	3,947
Total Assets	20,497	20,021	18,938	17,372	16,230	16,431	17,642	17,137	18,018	19,351	24,676	27,207	32,348	35,509	34,585
+ Payables & Accruals	1,014	863	684	1,006	891	923	1,036	1,001	909	1,073	774	1,231	1,315	1,331	1,123
+ Accounts Payable	625	444	422	437	386	396	466	478	388	415	571	851	802	820	756
+ Accrued Taxes	199	206	119	71	95	83	128	103	46	134	121	189	172	159	67
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	190	213	143	498	410	444	442	420	475	524	82	191	341	352	300
+ ST Debt	1,381	1,500	1,000	1,001	1,000	631	500	749	500	550	500	500	599	750	500
+ ST Borrowings	1,381	1,500	1,000	1,001	1,000	631	500	749	500	550	500	500	599	750	500
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	1,104	1,067	1,063	651	664	710	722	724	714	767	1,295	1,254	1,406	1,562	1,536
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	2	1	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1,104	1,065	1,062	647	664	710	722	724	714	767	1,295	1,254	1,406	1,562	1,536
Total Current Liabilities	3,499	3,430	2,747	2,658	2,555	2,264	2,258	2,474	2,123	2,390	2,569	2,985	3,320	3,643	3,159
+ LT Debt	4,211	4,186	4,158	3,630	3,120	2,978	3,577	4,319	5,562	6,497	7,624	8,235	10,624	12,846	13,548
+ LT Borrowings	4,211	4,186	4,158	3,630	3,120	2,978	3,577	4,319	5,303	6,248	7,241	8,235	10,624	12,846	13,548
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	259	249	383	344	- -	- -	- -
+ Other LT Liabilities	1,835	1,444	1,226	694	609	716	1,470	1,350	1,426	1,277	1,150	1,410	1,507	2,117	1,605
+ Accrued Liabilities	1,134	1,175	1,010	469	413	33	78	288	376	440	482	66	63	53	66
+ Pension Liabilities	701	269	216	225	196	129	89	118	93	131	79	118	108	110	124
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	554	1,303	944	957	706	589	1,226	1,336	1,954	1,415
Total Noncurrent Liabilities	6,046	5,630	5,384	4,324	3,729	3,694	5,047	5,669	6,988	7,774	8,774	9,645	12,131	14,963	15,153
Total Liabilities	9,545	9,060	8,131	6,982	6,284	5,958	7,305	8,143	9,111	10,164	11,343	12,630	15,451	18,606	18,312
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	2,935	2,917	2,952	3,109	3,370	3,415	3,517	3,691	3,851	4,074	4,371	4,692	5,103	5,676	6,252
+ Common Stock	1,741	1,741	1,741	1,741	1,741	1,741	1,741	1,741	1,741	1,741	1,741	1,741	1,741	1,741	1,741
+ Additional Paid in Capital	1,194	1,176	1,211	1,368	1,629	1,674	1,776	1,950	2,110	2,333	2,630	2,951	3,362	3,935	4,511
- Treasury Stock	17,485	18,462	19,790	21,840	24,068	25,523	27,458	32,130	34,495	36,578	36,800	40,214	40,284	40,895	42,130
+ Retained Earnings	26,278	27,205	28,173	29,653	31,176	33,107	34,662	37,906	39,898	42,051	45,919	50,353	52,283	52,262	52,236
+ Other Equity	-776	-699	-528	-532	-532	-526	-384	-473	-347	-360	-157	-254	-205	-140	-85
Equity Before Minority Interest	10,952	10,961	10,807	10,390	9,946	10,473	10,337	8,994	8,907	9,187	13,333	14,577	16,897	16,903	16,273
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	10,952	10,961	10,807	10,390	9,946	10,473	10,337	8,994	8,907	9,187	13,333	14,577	16,897	16,903	16,273
Total Liabilities & Equity	20,497	20,021	18,938	17,372	16,230	16,431	17,642	17,137	18,018	19,351	24,676	27,207	32,348	35,509	34,585
Shares Outstanding	1,139	1,108	1,083	1,047	1,011	996	983	945	932	919	924	906	909	911	907
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	259	249	383	344	- -	- -	- -
Net Debt	4,600	4,270	3,531	3,432	3,120	2,455	2,421	2,630	3,366	3,691	3,110	5,685	8,259	10,396	10,823
Net Debt to Equity	42	38.96	32.67	33.03	31.37	23.44	23.42	29.24	37.79	40.18	23.33	39	48.88	61.5	66.51
Tangible Common Equity Ratio	26.23	30.09	33.54	36.67	38.63	44.59	40.24	32.47	31.22	31.63	43.93	44.34	44.35	39.77	38.99
Current Ratio	2.24	2.4	2.92	2.79	2.77	3.29	3.87	3.27	4.13	4.28	5.33	4.7	4.55	4.12	4.35
Cash Conversion Cycle	95.95	109.32	118.18	120.8	122.58	130.06	130.4	137.18	144.85	141.98	118.8	132.36	189.08	236.73	225.58

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	2,236	1,759	2,162	2,821	2,986	3,595	3,682	5,580	5,017	5,595	7,769	8,749	6,510	4,799	5,001
+ Depreciation & Amortization	1,108	1,401	1,297	1,230	1,133	955	904	954	1,050	992	954	979	1,238	1,580	1,999
+ Non-Cash Items	180	-12	207	164	138	-89	359	53	269	-20	198	-195	-229	-318	424
+ Stock-Based Compensation	269	263	287	277	286	252	242	232	217	224	230	289	362	387	419
+ Deferred Income Taxes	55	130	50	-61	-55	-202	112	-105	81	-137	15	-191	-299	-210	-19
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-144	-405	-130	-52	-93	-139	5	-74	-29	-107	-47	-293	-292	-495	24
+ Chg in Non-Cash Work Cap	-268	266	-282	-161	140	153	418	602	313	-428	-165	-813	-1,099	257	-271
+ (Inc) Dec in Accts Receiv	112	311	16	-49	77	-108	-7	71	133	-340	-287	-194	108	68	-244
+ (Inc) Dec in Inventories	-17	5	26	-53	93	-99	-167	-282	216	46	45	-847	-1,242	-528	-277
+ (Inc) Dec in Prepaid Assets	-203	162	-136	65	94	-81	76	669	265	-79	57	6	46	7	10
+ Inc (Dec) in Accts Payable	-160	-212	-188	-124	-124	441	516	144	-301	-55	20	222	-11	710	240
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	3,256	3,414	3,384	4,054	4,397	4,614	5,363	7,189	6,649	6,139	8,756	8,720	6,420	6,318	7,153
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-816	-495	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-816	-495	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-1,283	-1,277	-1,554	-2,277	-2,345	-1,660	-2,073	-4,727	-2,421	-2,083	-150	-3,374	-30	-412	-1,077
+ Increase in Capital Stock	690	523	1,314	554	396	472	483	373	539	470	377	241	263	517	400
+ Decrease in Capital Stock	-1,973	-1,800	-2,868	-2,831	-2,741	-2,132	-2,556	-5,100	-2,960	-2,553	-527	-3,615	-293	-929	-1,477
+ Net Change in LT Investment	-98	-604	342	-141	125	-113	-460	1,067	-1,135	-241	-1,646	-826	682	1,471	2,784
+ Dec in LT Investment	3,555	2,198	4,249	2,966	2,892	3,390	4,095	6,708	2,309	5,545	8,478	13,657	13,387	11,187	6,308
+ Inc in LT Investment	-3,653	-2,802	-3,907	-3,107	-2,767	-3,503	-4,555	-5,641	-3,444	-5,786	-10,124	-14,483	-12,705	-9,716	-3,524
+ Net Cash From Acq & Div	-5,425	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-5,425	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	167	60	-345	-236	-427	-537	-667	-1,145	-785	-681	-2,449	-2,757	-5,044	-4,673	-4,223
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-6,172	-1,039	-3	-377	-302	-650	-1,127	-78	-1,920	-922	-4,095	-3,583	-4,362	-3,202	-1,439
+ Dividends Paid	-644	-819	-1,175	-1,323	-1,444	-1,646	-2,104	-2,555	-3,008	-3,426	-3,886	-4,297	-4,557	-4,795	-4,999
+ Net Cash From Debt	4,297	-1,258	-2,014	-1,502	-1,502	-1,501	-151	500	-9	498	945	994	2,500	2,380	449
+ Cash From Debt	4,697	1,492	986	498	498	499	1,099	1,500	1,491	1,498	1,495	1,494	3,000	2,980	1,199
+ Repayments of Debt	-400	-2,750	-3,000	-2,000	-2,000	-2,000	-1,250	-1,000	-1,500	-1,000	-550	-500	-500	-600	-750
+ Other Financing Activities	219	1,403	1,573	997	997	997	594	453	708	464	-46	-41	-57	-53	-62
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	2,589	-1,951	-3,170	-4,105	-4,294	-3,810	-3,734	-6,329	-4,730	-4,547	-3,137	-6,718	-2,144	-2,880	-5,689
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-327	424	211	-428	-199	154	502	782	-1	670	1,524	-1,581	-86	236	25
EBITDA	4,527	4,088	4,281	5,456	5,713	6,114	7,316	7,988	7,025	7,108	10,110	11,376	8,569	6,921	8,139
EBITDA Margin (%)	32.96	31.88	35.08	41.82	43.95	45.73	48.9	50.61	48.84	49.15	55.11	56.8	48.91	44.25	46.03
Free Cash Flow	2,440	2,919	3,384	4,054	4,397	4,614	5,363	7,189	6,649	6,139	8,756	8,720	6,420	6,318	7,153
Net Cash Paid for Acquisitions	5,425	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	2,472	2,996	3,459	4,122	4,461	4,672	5,410	7,293	6,798	6,316	8,916	8,907	6,730	6,765	7,629
Free Cash Flow to Equity	6,737	1,661	1,370	2,552	2,895	3,113	5,212	7,689	6,640	6,637	9,701	9,714	8,920	8,698	7,602
Free Cash Flow per Basic Share	2.12	2.58	3.08	3.87	4.35	4.63	5.41	7.41	7.1	6.67	9.49	9.52	7.07	6.93	7.87
Price/Free Cash Flow	7.42	7.94	9.49	6.77	5.42	4.87	4.74	3.29	15.53	21.87	18.63	16.31	23.61	27.19	22.44
Cash Flow to Net Income	1.46	1.94	1.57	1.44	1.47	1.28	1.46	1.29	1.33	1.1	1.13	1	0.99	1.32	1.43
Capital Expenditures	-816	-495	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -