Travel + Leisure Co.

TNL

TNLTravel + Leisure Co. US flag

New York Stock Exchange

71.57

USD

+2.79

- -

4.47BMarket Cap

Income Statement (USD)

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
Sales/Revenue/Turnover	4,254	4,534	5,009	5,281	4,878	3,692	3,806	3,931	4,043	2,160	3,134	3,567	3,750	3,864	4,021
+ Sales & Services Revenue	4,254	4,534	5,009	5,281	4,878	3,692	3,806	3,931	4,043	2,160	3,134	3,567	3,750	3,864	4,021
- Cost of Revenue	244	251	233	242	239	221	224	271	292	103	238	236	245	228	408
+ Cost of Goods & Services	244	251	233	242	239	221	224	271	292	103	238	236	245	228	408
Gross Profit	4,010	4,283	4,776	5,039	4,639	3,471	3,582	3,660	3,751	2,057	2,896	3,331	3,505	3,636	3,613
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	3,180	3,416	3,848	4,052	3,691	2,801	2,898	2,902	2,926	1,983	2,280	2,652	2,757	2,884	3,031
+ Selling, General & Admin	1,221	1,389	1,471	1,557	1,408	1,067	1,126	1,122	1,157	727	797	930	961	1,025	1,083
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1,959	2,027	2,377	2,495	2,283	1,734	1,772	1,780	1,769	1,256	1,483	1,722	1,796	1,859	1,948
Operating Income (Loss)	830	867	928	987	948	670	684	758	825	74	616	679	748	752	582
- Non-Operating (Income) Loss	180	239	245	142	111	128	366	362	145	350	187	193	263	239	245
+ Interest Expense, Net	116	124	122	103	114	126	149	165	155	185	195	189	238	235	223
+ Interest Expense	140	132	131	113	122	133	155	170	162	192	198	195	251	249	232
- Interest Income	24	8	9	10	8	7	6	5	7	7	3	6	13	14	9
+ Other Non-Op (Income) Loss	64	115	123	39	-3	2	217	197	-10	165	-8	4	25	4	22
Pretax Income	650	628	683	845	837	542	318	396	680	-276	429	486	485	513	337
- Income Tax Expense (Benefit)	233	229	250	316	285	190	-328	130	191	-23	116	130	94	135	107
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	417	399	433	529	552	352	646	266	489	-253	313	356	391	378	230
- Net Extraordinary Losses (Gains)	- -	-2	2	- -	-60	-258	-207	-406	-18	2	5	-1	-5	-33	- -
+ Discontinued Operations	- -	- -	- -	- -	60	260	209	406	18	-2	-5	1	5	33	- -
+ Extraord. & Accounting Changes	- -	-2	2	- -	-120	-518	-416	-812	-36	4	10	-2	-10	-66	- -
Income (Loss) Incl. MI	417	401	431	529	612	610	853	672	507	-255	308	357	396	411	230
- Minority Interest	- -	1	-1	- -	- -	-1	-1	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	417	400	432	529	612	611	854	672	507	-255	308	357	396	411	230
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	417	400	432	529	612	611	854	672	507	-255	308	357	396	411	230
EBIT	830	867	928	987	948	670	684	758	825	74	616	679	748	752	582
EBITDA	1,008	1,052	1,144	1,220	1,135	797	820	896	946	200	740	798	860	867	706
EBITDA Margin (%)	23.7	23.2	22.84	23.1	23.27	21.59	21.54	22.79	23.4	9.26	23.61	22.37	22.93	22.44	17.56
EBITA	830	867	928	987	948	670	684	758	825	74	616	679	748	752	582
Gross Margin (%)	94.26	94.46	95.35	95.42	95.1	94.01	94.11	93.11	92.78	95.23	92.41	93.38	93.47	94.1	89.85
Operating Margin (%)	19.51	19.12	18.53	18.69	19.43	18.15	17.97	19.28	20.41	3.43	19.66	19.04	19.95	19.46	14.47
Profit Margin (%)	9.8	8.82	8.62	10.02	12.55	16.55	22.44	17.09	12.54	-11.81	9.83	10.01	10.56	10.64	5.72
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.61	0.94	1.17	1.43	1.71	2.03	2.35	1.96	1.8	1.6	1.26	1.62	1.83	2.03	2.27
Depreciation Expense	178	185	216	233	187	127	136	138	121	126	124	119	112	115	124
Basic Weighted Avg Shares	162	143	133	125	118	110	103	99	92	86	86	83	74	70	66
Basic EPS, GAAP	2.57	2.8	3.25	4.23	5.19	5.55	8.29	6.79	5.5	-2.96	3.56	4.28	5.32	5.86	3.51
Basic EPS from Cont Ops	2.57	2.79	3.26	4.23	4.68	3.2	6.27	2.69	5.31	-2.94	3.62	4.27	5.25	5.39	3.51
Diluted Weighted Avg Shares	166	145	135	127	119	111	104	99	92	86	87	84	75	71	67
Diluted EPS, GAAP	2.51	2.76	3.2	4.17	5.14	5.5	8.21	6.77	5.49	-2.96	3.53	4.24	5.28	5.81	3.44
Diluted EPS from Cont Ops	2.51	2.75	3.21	4.17	4.64	3.17	6.21	2.68	5.29	-2.94	3.59	4.23	5.21	5.35	3.44

Balance Sheet (USD)

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
Total Current Assets	1,703	1,830	1,855	1,778	1,666	1,738	8,377	5,229	5,362	5,591	4,525	4,768	4,757	4,777	4,810
+ Cash, Cash Equivalents & STI	142	195	194	183	183	127	72	243	400	1,205	396	562	296	184	266
+ Cash & Cash Equivalents	142	195	194	183	171	113	48	218	355	1,196	369	550	282	167	253
+ ST Investments	- -	- -	- -	- -	12	14	24	25	45	9	27	12	14	17	13
+ Accounts & Notes Receiv	775	823	925	897	901	676	3,180	3,227	3,380	2,694	2,538	2,640	2,893	2,954	2,979
+ Accounts Receivable, Net	409	442	505	516	586	376	195	121	144	115	131	160	179	155	165
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	366	381	420	381	315	300	2,985	3,106	3,236	2,579	2,407	2,480	2,714	2,799	2,814
+ Inventories	351	379	346	302	295	310	1,249	1,224	1,199	1,347	1,216	1,193	1,135	1,227	1,128
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	25	45	24	30	13	14	5	10	9
+ Finished Goods	- -	- -	- -	- -	- -	- -	845	801	805	1,050	999	983	919	999	867
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	351	379	346	302	295	310	379	378	370	267	204	196	211	218	252
+ Other ST Assets	435	433	390	396	287	625	3,876	535	383	345	375	373	433	412	437
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	7,320	7,633	7,886	7,901	7,925	8,081	2,073	1,929	2,091	2,022	2,063	1,989	1,981	1,958	1,950
+ Property, Plant & Equip, Net	1,117	1,292	1,555	1,500	1,399	1,028	822	712	816	758	768	720	701	638	616
+ Property, Plant & Equip	2,039	2,324	2,691	2,714	2,695	2,012	1,667	1,565	1,660	1,640	1,711	1,714	1,728	1,709	1,711
- Accumulated Depreciation	922	1,032	1,136	1,214	1,296	984	845	853	844	882	943	994	1,027	1,071	1,095
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	26	21	18	19	18	18
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	26	21	18	19	18	18
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	6,203	6,341	6,331	6,401	6,526	7,053	1,251	1,217	1,275	1,238	1,274	1,251	1,261	1,302	1,316
+ Total Intangible Assets	2,610	2,755	2,742	2,665	2,686	2,239	1,054	1,031	1,113	1,095	1,180	1,162	1,161	1,175	1,173
+ Goodwill	1,479	1,566	1,590	1,551	1,563	1,221	911	922	970	964	961	955	962	966	972
+ Other Intangible Assets	1,131	1,189	1,152	1,114	1,123	1,018	143	109	143	131	219	207	199	209	201
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	3,593	3,586	3,589	3,736	3,840	4,814	197	186	162	143	94	89	100	127	143
Total Assets	9,023	9,463	9,741	9,679	9,591	9,819	10,450	7,158	7,453	7,613	6,588	6,757	6,738	6,735	6,760
+ Payables & Accruals	919	1,004	1,059	1,119	1,177	845	882	899	752	705	767	718	726	712	741
+ Accounts Payable	278	307	360	385	394	213	232	66	73	62	62	65	73	67	62
+ Accrued Taxes	93	103	120	129	102	85	75	117	86	73	106	80	65	60	74
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	548	594	579	605	681	547	575	716	593	570	599	573	588	585	605
+ ST Debt	242	544	233	261	253	217	321	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	242	544	233	261	253	217	321	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	402	383	451	479	527	970	1,705	748	20	457	392	424	442	457	493
+ Deferred Revenue	402	383	451	464	483	421	559	531	20	457	392	411	442	457	468
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	15	44	549	1,146	217	- -	- -	- -	13	- -	- -	25
Total Current Liabilities	1,563	1,931	1,743	1,859	1,957	2,032	2,908	1,647	772	1,162	1,159	1,142	1,168	1,169	1,234
+ LT Debt	3,773	4,018	4,608	4,792	4,928	5,224	6,006	5,238	5,755	6,575	5,449	5,753	5,733	5,670	5,734
+ LT Borrowings	3,773	4,018	4,608	4,792	4,928	5,224	5,934	5,235	5,570	6,411	5,304	5,631	5,626	5,570	5,580
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	72	3	185	164	145	122	107	100	154
+ Other LT Liabilities	1,455	1,583	1,765	1,771	1,753	1,845	762	842	1,450	844	774	766	754	776	774
+ Accrued Liabilities	1,247	1,348	1,365	1,401	1,352	1,361	613	736	1,400	746	738	710	721	753	746
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	208	235	400	370	401	484	149	106	50	98	36	56	33	23	28
Total Noncurrent Liabilities	5,228	5,601	6,373	6,563	6,681	7,069	6,768	6,080	7,205	7,419	6,223	6,519	6,487	6,446	6,508
Total Liabilities	6,791	7,532	8,116	8,422	8,638	9,101	9,676	7,727	7,977	8,581	7,382	7,661	7,655	7,615	7,742
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	3,820	3,822	3,860	3,891	3,925	3,968	3,998	4,079	4,120	4,159	4,194	4,244	4,281	4,330	4,408
+ Common Stock	2	2	2	2	2	2	2	2	2	2	2	2	2	2	3
+ Additional Paid in Capital	3,818	3,820	3,858	3,889	3,923	3,966	3,996	4,077	4,118	4,157	4,192	4,242	4,279	4,328	4,405
- Treasury Stock	2,009	2,601	3,191	3,843	4,493	5,118	5,719	6,043	6,383	6,508	6,534	6,886	7,196	7,433	7,735
+ Retained Earnings	293	558	832	1,183	1,592	1,977	2,501	1,442	1,785	1,390	1,587	1,808	2,067	2,334	2,412
+ Other Equity	128	151	122	24	-74	-113	-11	-52	-52	-16	-48	-79	-70	-112	-66
Equity Before Minority Interest	2,232	1,930	1,623	1,255	950	714	769	-574	-530	-975	-801	-913	-918	-881	-981
+ Minority/Non Controlling Interest	- -	1	2	2	3	4	5	5	6	7	7	9	1	1	-1
Total Equity	2,232	1,931	1,625	1,257	953	718	774	-569	-524	-968	-794	-904	-917	-880	-982
Total Liabilities & Equity	9,023	9,463	9,741	9,679	9,591	9,819	10,450	7,158	7,453	7,613	6,588	6,757	6,738	6,735	6,760
Shares Outstanding	147	137	128	121	114	106	100	95	88	86	86	78	71	67	63
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	72	3	185	164	145	122	107	100	154
Net Debt	3,873	4,367	4,647	4,870	5,010	5,328	6,207	5,017	5,215	5,215	4,935	5,081	5,344	5,403	5,327
Net Debt to Equity	173.52	226.15	285.97	387.43	525.71	742.06	801.94	-881.72	-995.23	-538.74	-621.54	-562.06	-582.77	-613.98	-542.46
Tangible Common Equity Ratio	-5.89	-12.28	-15.96	-20.07	-25.1	-20.07	-2.98	-26.11	-25.82	-31.65	-36.5	-36.93	-37.26	-36.96	-38.57
Current Ratio	1.09	0.95	1.06	0.96	0.85	0.86	2.88	3.17	6.95	4.81	3.9	4.18	4.07	4.09	3.9
Cash Conversion Cycle	150.74	182.37	-6.27	-162.72	-115.69	77.76	1,227.72	1,458.99	1,431.33	4,434.84	1,768.16	1,768.97	1,615.94	1,826.57	991.74

Cash Flow Statement (USD)

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
+ Net Income	417	399	433	529	612	352	646	266	489	-253	313	356	391	378	230
+ Depreciation & Amortization	178	185	216	233	187	127	136	138	121	126	124	119	112	115	124
+ Non-Cash Items	520	630	590	382	299	472	326	739	611	436	157	396	431	538	775
+ Stock-Based Compensation	42	41	53	57	58	57	59	129	24	20	32	45	38	41	57
+ Deferred Income Taxes	70	62	64	47	40	72	-397	122	79	-88	-39	-4	8	26	-21
+ Asset Impairment Charge	57	8	8	- -	7	- -	205	5	36	52	-5	10	- -	3	226
+ Other Non-Cash Adj	351	519	465	278	194	343	459	483	472	452	169	345	385	468	513
+ Chg in Non-Cash Work Cap	-112	-210	-231	-160	-227	-510	-608	-851	-768	65	-26	-429	-584	-567	-489
+ (Inc) Dec in Accts Receiv	-187	-322	-318	-250	-319	-404	-519	-642	-577	267	20	-401	-522	-514	-500
+ (Inc) Dec in Inventories	79	95	32	-17	-25	-26	-71	-27	13	-119	-6	31	25	-16	-68
+ (Inc) Dec in Prepaid Assets	-19	8	-30	-3	-11	5	-7	-26	-64	15	-24	23	-27	14	2
+ Inc (Dec) in Accts Payable	26	18	46	84	80	-70	92	-146	-151	-21	24	-71	-70	-19	96
+ Inc (Dec) in Other	-11	-9	39	26	48	-15	-103	-10	11	-77	-40	-11	10	-32	-19
+ Net Cash From Disc Ops	- -	- -	- -	- -	120	522	486	150	-1	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,003	1,004	1,008	984	991	963	986	442	452	374	568	442	350	464	640
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	31	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	31	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-239	-208	-238	-235	-189	-117	-107	-99	-108	-69	-57	-52	-74	-81	-117
+ Acq of Fixed Prod Assets	-239	-208	-238	-235	-189	-117	-107	-99	-108	-69	-57	-52	-74	-81	-117
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-893	-631	-593	-646	-658	-619	-599	-330	-329	-121	-14	-341	-300	-219	-267
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	11	7	11	10	9	15	34
+ Decrease in Capital Stock	-893	-631	-593	-646	-658	-619	-599	-330	-340	-128	-25	-351	-309	-234	-301
+ Net Change in LT Investment	-10	- -	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21
+ Inc in LT Investment	-10	- -	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-19
+ Net Cash From Acq & Div	-12	-41	3	3	16	-5	-48	-4	55	- -	-37	-2	-6	-44	-1
+ Cash from Divestitures	- -	1	6	11	21	16	- -	1	106	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-12	-42	-3	-8	-5	-21	-48	-5	-51	- -	-37	-2	-6	-44	-1
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-26	-270	-163	-44	-129	-224	-207	-622	-13	4	1	4	- -	1	9
+ Net Cash From Disc Ops	- -	- -	- -	- -	-38	-206	-211	-626	-22	-5	- -	-5	- -	1	- -
Cash from Investing Activities	-256	-519	-401	-276	-302	-346	-362	-725	-66	-65	-93	-50	-80	-124	-107
+ Dividends Paid	-99	-134	-156	-179	-202	-223	-242	-194	-166	-138	-109	-135	-136	-142	-149
+ Net Cash From Debt	470	330	930	188	179	322	399	-690	313	810	-1,106	331	-12	-59	-11
+ Cash From Debt	4,311	4,928	3,762	2,286	2,091	2,516	4,325	6,480	5,276	3,268	2,072	2,181	3,957	3,715	4,380
+ Repayments of Debt	-3,841	-4,598	-2,832	-2,098	-1,912	-2,194	-3,926	-7,170	-4,963	-2,458	-3,178	-1,850	-3,969	-3,774	-4,391
+ Other Financing Activities	-231	4	-786	-64	6	-66	-116	1,494	-107	-49	-59	-51	-52	-38	-16
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-753	-431	-605	-701	-675	-586	-558	280	-289	502	-1,288	-196	-500	-458	-443
Effect of Foreign Exchange Rates	-8	-1	-3	-18	-26	-20	17	-9	1	4	-7	-5	- -	-11	7
Net Changes in Cash	-6	54	2	7	14	31	66	-3	97	811	-813	196	-230	-118	90
EBITDA	1,008	1,052	1,144	1,220	1,135	797	820	896	946	200	740	798	860	867	706
EBITDA Margin (%)	23.7	23.2	22.84	23.1	23.27	21.59	21.54	22.79	23.4	9.26	23.61	22.37	22.93	22.44	17.56
Free Cash Flow	764	796	770	749	802	846	879	343	344	305	511	390	276	383	523
Net Cash Paid for Acquisitions	12	41	-3	-3	-16	5	48	4	-55	- -	37	2	6	44	1
Free Cash Flow to Firm	854	880	853	820	882	932	- -	457	460	- -	655	533	478	566	681
Free Cash Flow to Equity	1,265	1,126	1,700	937	981	1,168	1,278	-347	657	1,115	-595	721	264	324	512
Free Cash Flow per Basic Share	4.72	5.57	5.79	5.99	6.8	7.69	8.53	3.47	3.74	3.54	5.91	4.68	3.7	5.46	7.97
Price/Free Cash Flow	2.28	2.87	3.6	4.03	3.31	3.54	4.98	6.57	8.53	8.72	7.72	6.2	6.91	6.54	6.23
Cash Flow to Net Income	2.41	2.51	2.33	1.86	1.62	1.58	1.15	0.66	0.89	-1.47	1.84	1.24	0.88	1.13	2.78
Capital Expenditures	-239	-208	-238	-235	-189	-117	-107	-99	-108	-69	-57	-52	-74	-81	-117