T. Rowe Price Group, Inc.

TROW

TROWT. Rowe Price Group, Inc. US flag

NASDAQ Global Select

110.81

USD

+1.17

- -

23.74BMarket 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	2,747	3,022	3,484	3,982	4,201	4,285	4,855	5,373	5,618	6,207	7,672	6,488	6,460	7,094	7,315
+ Sales & Services Revenue	2,747	3,022	3,484	3,982	4,201	4,285	4,855	5,373	5,618	6,207	7,672	6,488	6,460	7,094	7,315
- Cost of Revenue	1,044	1,144	1,274	1,473	1,595	1,867	2,074	2,247	2,385	2,616	2,993	2,922	3,254	3,410	3,564
+ Cost of Goods & Services	1,044	1,144	1,274	1,473	1,595	1,867	2,074	2,247	2,385	2,616	2,993	2,922	3,254	3,410	3,564
Gross Profit	1,703	1,879	2,210	2,509	2,606	2,418	2,781	3,126	3,233	3,590	4,679	3,566	3,206	3,684	3,750
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	476	514	573	618	707	618	723	780	846	845	969	1,070	1,168	1,208	1,273
+ Selling, General & Admin	206	213	223	220	239	618	723	780	846	845	969	1,070	1,168	1,208	1,273
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	270	301	350	398	468	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	1,227	1,364	1,637	1,891	1,899	1,800	2,059	2,346	2,387	2,746	3,710	2,496	2,038	2,477	2,477
- Non-Operating (Income) Loss	-24	-71	-63	-112	-104	-161	-446	-38	-540	-496	-285	548	-452	-343	-398
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-24	-71	-63	-112	-104	-161	-446	-38	-540	-496	-285	548	-452	-343	-398
Pretax Income	1,251	1,435	1,700	2,003	2,002	1,960	2,505	2,385	2,927	3,242	3,995	1,948	2,490	2,820	2,876
- Income Tax Expense (Benefit)	477	552	653	774	779	706	924	616	678	719	896	499	655	684	667
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	773	884	1,048	1,230	1,223	1,254	1,581	1,769	2,249	2,523	3,098	1,450	1,836	2,136	2,208
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	78	167	-138	235	301	31	-217	94	71	242
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	78	167	-138	235	301	31	-217	94	71	242
Income (Loss) Incl. MI	773	884	1,048	1,230	1,223	1,176	1,414	1,906	2,014	2,222	3,067	1,666	1,742	2,064	1,966
- Minority Interest	- -	- -	- -	- -	- -	-39	-83	69	-118	-151	-16	108	-47	-36	-121
Net Income, GAAP	773	884	1,048	1,230	1,223	1,215	1,498	1,838	2,131	2,373	3,083	1,558	1,789	2,100	2,087
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	773	884	1,048	1,230	1,223	1,215	1,498	1,838	2,131	2,373	3,083	1,558	1,789	2,100	2,087
EBIT	1,227	1,364	1,637	1,891	1,899	1,800	2,059	2,346	2,387	2,746	3,710	2,496	2,038	2,477	2,477
EBITDA	1,299	1,445	1,728	2,003	2,025	1,933	2,202	2,506	2,578	2,935	3,915	3,142	2,520	2,981	3,083
EBITDA Margin (%)	47.3	47.81	49.6	50.29	48.21	45.11	45.36	46.64	45.89	47.29	51.03	48.42	39	42.02	42.15
EBITA	1,227	1,364	1,637	1,891	1,899	1,800	2,059	2,346	2,387	2,746	3,710	2,496	2,038	2,477	2,477
Gross Margin (%)	61.98	62.16	63.43	63	62.03	56.43	57.29	58.18	57.55	57.85	60.98	54.96	49.63	51.94	51.27
Operating Margin (%)	44.66	45.14	47	47.48	45.21	42	42.41	43.67	42.49	44.24	48.36	38.47	31.55	34.91	33.87
Profit Margin (%)	28.15	29.23	30.07	30.88	29.11	28.36	30.85	34.2	37.94	38.23	40.18	24.01	27.69	29.61	28.53
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.24	2.38	1.54	1.78	4.16	2.2	2.33	2.87	3.12	3.7	7.51	4.9	5.01	5.1	5.2
Depreciation Expense	72	81	91	112	126	133	144	160	191	190	205	646	482	504	606
Basic Weighted Avg Shares	256	253	258	260	255	246	241	242	235	229	227	226	224	223	220
Basic EPS, GAAP	3.03	3.49	4.06	4.74	4.8	4.95	6.21	7.59	9.05	10.37	13.61	6.89	7.98	9.43	9.49
Basic EPS from Cont Ops	3.03	3.49	4.06	4.74	4.8	5.11	6.56	7.3	9.55	11.03	13.67	6.41	8.19	9.59	10.04
Diluted Weighted Avg Shares	263	261	266	267	261	250	245	247	239	231	229	227	225	223	220
Diluted EPS, GAAP	2.94	3.39	3.93	4.6	4.69	4.85	6.11	7.44	8.93	10.26	13.47	6.86	7.96	9.4	9.47
Diluted EPS from Cont Ops	2.94	3.39	3.93	4.6	4.69	5.01	6.45	7.16	9.43	10.91	13.54	6.38	8.17	9.56	10.02

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	1,202	1,233	1,797	1,949	1,618	1,660	2,468	1,975	2,428	3,015	2,581	2,504	2,874	3,527	4,309
+ Cash, Cash Equivalents & STI	898	879	1,398	1,506	1,172	1,205	1,903	1,425	1,782	2,152	1,523	1,756	2,067	2,650	3,378
+ Cash & Cash Equivalents	898	879	1,398	1,506	1,172	1,205	1,903	1,425	1,782	2,152	1,523	1,756	2,067	2,650	3,378
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	304	354	399	443	446	455	565	550	647	863	1,058	749	808	877	931
+ Accounts Receivable, Net	304	354	399	443	446	455	565	550	647	863	1,058	749	808	877	931
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	2,568	2,970	3,236	3,696	3,489	4,565	5,067	5,714	6,902	7,644	9,928	9,139	9,404	9,945	10,032
+ Property, Plant & Equip, Net	567	561	573	586	607	615	652	661	785	813	937	1,035	1,048	1,204	1,228
+ Property, Plant & Equip	987	1,015	1,084	1,177	1,314	1,436	1,597	1,675	1,928	2,088	2,394	2,605	2,724	3,065	3,379
- Accumulated Depreciation	420	454	511	591	706	820	945	1,014	1,142	1,275	1,457	1,570	1,676	1,862	2,151
+ LT Investments & Receivables	1,169	1,581	1,926	2,292	2,019	2,938	3,526	4,134	5,217	5,946	4,938	3,382	3,707	4,052	4,033
+ LT Investments	1,169	1,581	1,926	2,292	2,019	2,938	3,526	4,134	5,217	5,946	4,938	3,382	3,707	4,052	4,033
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	831	828	738	817	863	1,012	890	919	900	885	4,052	4,722	4,649	4,689	4,771
+ Total Intangible Assets	666	666	666	666	666	666	666	666	666	666	3,607	3,273	3,150	3,011	2,917
+ Goodwill	666	666	666	666	666	666	666	666	666	666	2,693	2,643	2,643	2,643	2,643
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	913	630	507	368	274
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	166	162	72	151	197	346	224	254	234	219	445	1,449	1,499	1,678	1,854
Total Assets	3,770	4,203	5,033	5,644	5,107	6,225	7,535	7,689	9,330	10,659	12,509	11,643	12,279	13,472	14,342
+ Payables & Accruals	113	111	143	167	192	220	284	283	246	273	509	453	489	441	408
+ Accounts Payable	83	90	104	143	171	181	216	228	214	188	431	407	423	354	353
+ Accrued Taxes	30	22	39	24	21	39	68	54	32	85	78	46	66	87	55
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	174	155	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	174	155	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	286	266	143	167	192	220	284	283	246	273	509	453	489	441	408
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	146	154	249	330	308	279	447
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	146	154	249	330	308	279	447
+ Other LT Liabilities	63	91	72	82	153	309	434	542	715	964	1,497	1,174	1,190	1,303	1,434
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	895	1,021	1,177
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	63	91	72	82	153	309	434	542	715	964	1,497	1,174	295	282	257
Total Noncurrent Liabilities	63	91	72	82	153	309	434	542	861	1,118	1,746	1,504	1,498	1,581	1,881
Total Liabilities	350	357	215	249	345	529	718	825	1,107	1,390	2,255	1,956	1,988	2,022	2,289
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	553	682	947	809	705	704	895	702	702	700	966	483	476	356	44
+ Common Stock	51	51	52	52	50	49	49	48	47	46	46	45	45	45	44
+ Additional Paid in Capital	502	631	895	756	655	654	846	655	655	655	920	438	432	312	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	2,765	3,032	3,683	4,450	3,971	4,294	4,933	5,464	6,444	7,030	8,084	8,410	9,076	10,041	10,867
+ Other Equity	103	132	188	136	87	12	-4	-42	-43	-23	-26	-53	-48	-52	-50
Equity Before Minority Interest	3,421	3,846	4,818	5,395	4,762	5,009	5,824	6,124	7,102	7,707	9,023	8,840	9,505	10,345	10,860
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	687	993	740	1,121	1,562	1,231	847	786	1,105	1,193
Total Equity	3,421	3,846	4,818	5,395	4,762	5,696	6,817	6,865	8,223	9,269	10,254	9,687	10,291	11,450	12,053
Total Liabilities & Equity	3,770	4,203	5,033	5,644	5,107	6,225	7,535	7,689	9,330	10,659	12,509	11,643	12,279	13,472	14,342
Shares Outstanding	253	257	262	261	250	245	245	238	235	228	229	224	224	223	219
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	146	154	249	330	308	279	447
Net Debt	-898	-879	-1,398	-1,506	-1,172	-1,205	-1,903	-1,425	-1,782	-2,152	-1,523	-1,756	-2,067	-2,650	-3,378
Net Debt to Equity	-26.25	-22.86	-29.02	-27.92	-24.62	-21.15	-27.91	-20.76	-21.67	-23.21	-14.85	-18.12	-20.08	-23.14	-28.03
Tangible Common Equity Ratio	88.74	89.92	95.08	94.99	92.23	90.48	89.55	88.26	87.22	86.09	74.67	76.63	78.23	80.67	79.97
Current Ratio	4.2	4.64	12.6	11.67	8.44	7.54	8.67	6.99	9.86	11.06	5.07	5.53	5.88	8.01	10.57
Cash Conversion Cycle	12.32	12.21	11.69	7.94	2.69	4.03	3.42	1.75	4.96	16.34	7.98	-1.49	-2.55	1.8	8.97

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	773	884	1,048	1,230	1,223	1,254	1,581	1,769	2,249	2,523	3,098	1,450	1,836	2,136	2,208
+ Depreciation & Amortization	72	81	91	112	126	133	144	160	191	190	205	646	482	504	606
+ Non-Cash Items	95	-32	62	-13	79	-1,220	-1,716	-420	-1,027	-885	81	404	-1,292	-960	-1,230
+ Stock-Based Compensation	99	104	115	133	149	162	152	197	207	246	275	285	266	247	217
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-4	-136	-52	-147	-70	-1,382	-1,868	-617	-1,233	-1,131	-193	118	-1,557	-1,207	-1,447
+ Chg in Non-Cash Work Cap	8	-30	32	16	102	3	221	112	110	91	67	-140	194	6	170
+ (Inc) Dec in Accts Receiv	3	-50	-45	-32	-3	-10	-101	13	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-5	35	-5	36	98	139	323	111	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	10	-16	82	11	7	-125	-2	-12	110	91	67	-140	194	6	170
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	948	903	1,233	1,344	1,530	170	230	1,620	1,523	1,919	3,452	2,359	1,219	1,686	1,753
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-82	-77	-106	-126	-151	-148	-186	-168	-205	-215	-239	-238	-308	-423	-274
+ Acq of Fixed Prod Assets	-82	-77	-106	-126	-151	-148	-186	-168	-205	-215	-239	-238	-308	-423	-274
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-429	-135	-14	-416	-988	-677	-458	-1,090	-706	-1,202	-1,138	-850	-254	-337	-621
+ Increase in Capital Stock	51	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-480	-135	-14	-416	-988	-677	-458	-1,090	-706	-1,202	-1,138	-850	-254	-337	-621
+ Net Change in LT Investment	-75	-220	-320	-305	270	260	232	-795	-127	128	1,561	200	474	418	593
+ Dec in LT Investment	52	310	86	167	434	260	337	352	131	454	1,626	264	617	533	769
+ Inc in LT Investment	-127	-530	-406	-472	-165	- -	-104	-1,148	-258	-326	-65	-64	-142	-116	-176
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2,451	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2,451	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-8	-13	-12	-12	-9	-6	-7	88	7	50	31	-4	-38	-172	-89
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-165	-310	-438	-443	109	106	39	-876	-324	-36	-1,098	-42	128	-178	230
+ Dividends Paid	-318	-603	-397	-462	-1,059	-541	-563	-694	-734	-846	-1,702	-1,107	-1,122	-1,136	-1,143
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	48	127	134	85	74	1,041	1,483	545	607	561	-148	-120	298	536	486
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-699	-612	-277	-792	-1,973	-176	462	-1,240	-833	-1,486	-2,989	-2,077	-1,079	-937	-1,277
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	-2	5	-15	-2	2	3	10	- -	-2	-2
Net Changes in Cash	85	-19	519	108	-334	100	730	-495	366	396	-635	241	269	572	706
EBITDA	1,299	1,445	1,728	2,003	2,025	1,933	2,202	2,506	2,578	2,935	3,915	3,142	2,520	2,981	3,083
EBITDA Margin (%)	47.3	47.81	49.6	50.29	48.21	45.11	45.36	46.64	45.89	47.29	51.03	48.42	39	42.02	42.15
Free Cash Flow	866	826	1,127	1,218	1,379	22	43	1,451	1,318	1,704	3,213	2,122	911	1,262	1,479
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,451	- -	- -	- -	- -
Free Cash Flow to Firm	866	826	1,127	1,218	1,379	22	43	1,451	1,318	1,704	3,213	2,122	911	1,262	1,479
Free Cash Flow to Equity	866	826	1,127	1,218	1,379	22	43	1,451	1,318	1,704	3,213	2,122	911	1,262	1,479
Free Cash Flow per Basic Share	3.39	3.26	4.36	4.69	5.42	0.09	0.18	5.99	5.6	7.45	14.18	9.39	4.07	5.67	6.72
Price/Free Cash Flow	14.55	17.35	16.66	15.62	11.09	59.09	61.88	12.75	16.83	16.41	12.19	9.54	15.85	11.97	11.12
Cash Flow to Net Income	1.23	1.02	1.18	1.09	1.25	0.14	0.15	0.88	0.71	0.81	1.12	1.51	0.68	0.8	0.84
Capital Expenditures	-82	-77	-106	-126	-151	-148	-186	-168	-205	-215	-239	-238	-308	-423	-274