Tennessee Valley Authority

TVC

TVCTennessee Valley Authority US flag

New York Stock Exchange

24.00

USD

+0.06

- -

12.60MMarket Cap

Income Statement (USD)

API ChatGPT

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
As of date	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018

Sales/Revenue/Turnover	7,794	9,185	9,187	10,382	11,255	10,874	11,841	11,220	10,956	11,137	11,003	10,616	10,739	11,233
+ Sales & Services Revenue	7,794	9,185	9,187	10,382	11,255	10,874	11,841	11,220	10,956	11,137	11,003	10,616	10,739	11,233
- Cost of Revenue	2,601	3,333	3,382	4,176	4,745	6,451	4,353	3,869	3,847	7,165	6,232	5,932	6,522	5,876
+ Cost of Goods & Services	2,601	3,333	3,382	4,176	4,745	6,451	4,353	3,869	3,847	7,165	6,232	5,932	6,522	5,876
Gross Profit	5,193	5,852	5,805	6,206	6,510	4,423	7,488	7,351	7,109	3,972	4,771	4,684	4,217	5,357
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	3,902	4,249	4,341	4,022	4,537	2,181	6,051	6,051	5,656	2,383	2,556	2,358	2,242	3,045
+ Selling, General & Admin	2,359	2,372	2,382	2,298	2,395	- -	3,617	3,510	3,428	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1,543	1,877	1,959	1,724	2,142	2,181	2,434	2,541	2,228	2,383	2,556	2,358	2,242	3,045
Operating Income (Loss)	1,291	1,603	1,464	2,184	1,973	2,242	1,437	1,300	1,453	1,589	2,215	2,326	1,975	2,312
- Non-Operating (Income) Loss	1,291	1,603	1,464	2,184	1,973	2,242	1,437	1,300	1,453	1,120	1,104	1,093	1,290	1,193
+ Interest Expense, Net	1,261	1,215	1,184	1,376	1,272	1,353	1,431	1,444	1,203	1,344	1,347	1,371	1,346	1,243
+ Interest Expense	1,261	1,215	1,184	1,376	1,272	1,353	1,431	1,444	1,226	1,344	1,347	1,371	1,346	1,243
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	23	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	30	388	280	808	701	889	6	-144	250	-224	-243	-278	-56	-50
Pretax Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	469	1,111	1,233	685	1,119
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	85	329	383	817	726	972	162	60	271	469	1,111	1,233	685	1,119
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	85	329	383	817	726	972	162	60	271	469	1,111	1,233	685	1,119
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	85	329	383	817	726	972	162	60	271	469	1,111	1,233	685	1,119
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	85	329	383	817	726	972	162	60	271	469	1,111	1,233	685	1,119
EBIT	1,291	1,603	1,464	2,184	1,973	2,242	1,437	1,300	1,453	1,589	2,215	2,326	1,975	2,312
EBITDA	2,702	3,333	3,187	3,724	3,929	4,325	3,229	3,247	3,176	3,477	4,292	4,208	3,738	4,866
EBITDA Margin (%)	34.67	36.29	34.69	35.87	34.91	39.77	27.27	28.94	28.99	31.22	39.01	39.64	34.81	43.32
EBITA	1,291	1,603	1,464	2,184	1,973	2,242	1,437	1,300	1,453	1,589	2,215	2,326	1,975	2,312
Gross Margin (%)	66.63	63.71	63.19	59.78	57.84	40.68	63.24	65.52	64.89	35.66	43.36	44.12	39.27	47.69
Operating Margin (%)	16.56	17.45	15.94	21.04	17.53	20.62	12.14	11.59	13.26	14.27	20.13	21.91	18.39	20.58
Profit Margin (%)	1.09	3.58	4.17	7.87	6.45	8.94	1.37	0.53	2.47	4.21	10.1	11.61	6.38	9.96
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	1,411	1,730	1,723	1,540	1,956	2,083	1,792	1,947	1,723	1,888	2,077	1,882	1,763	2,554
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Balance Sheet (USD)

API ChatGPT

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
As of date	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018

Total Current Assets	2,176	2,669	2,431	2,503	2,465	3,848	4,043	4,506	4,906	3,788	3,506	3,644	3,446	3,430
+ Cash, Cash Equivalents & STI	538	536	165	213	201	328	507	868	1,602	500	300	300	300	299
+ Cash & Cash Equivalents	538	536	165	213	201	328	507	868	1,602	500	300	300	300	299
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1,052	1,359	1,453	1,405	1,303	1,639	1,739	1,666	1,567	1,676	1,600	1,747	1,569	1,657
+ Accounts Receivable, Net	1,052	1,359	1,453	1,405	1,303	1,639	1,726	1,666	1,494	1,576	1,508	1,636	1,440	1,570
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	13	- -	73	100	92	111	129	87
+ Inventories	479	576	663	779	961	- -	1,028	1,097	1,091	1,056	1,031	993	1,065	961
+ Raw Materials	- -	- -	- -	- -	- -	- -	555	605	620	616	651	673	734	725
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	489	508	494	473	414	345	355	266
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	-27	-28	-37	-46	-47	-39	-39	-44
+ Other Inventory	479	576	663	779	961	- -	11	12	14	13	13	14	15	14
+ Other ST Assets	107	198	150	106	- -	1,881	769	875	646	556	575	604	512	513
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	32,297	31,851	31,471	34,634	37,552	38,905	42,350	42,828	41,200	41,808	45,319	46,850	46,571	45,237
+ Property, Plant & Equip, Net	23,888	24,434	24,828	25,779	26,761	27,830	29,305	29,727	29,923	30,350	32,407	34,043	34,947	35,411
+ Property, Plant & Equip	38,295	39,765	40,765	42,762	44,847	47,156	49,948	51,896	53,080	54,939	58,725	61,635	63,351	64,746
- Accumulated Depreciation	14,407	15,331	15,937	16,983	18,086	19,326	20,643	22,169	23,157	24,589	26,318	27,592	28,404	29,335
+ LT Investments & Receivables	858	972	1,169	956	983	1,128	1,168	1,593	1,702	1,981	2,011	2,257	2,603	2,862
+ LT Investments	858	972	1,169	956	983	1,128	1,168	1,593	1,702	1,981	2,011	2,257	2,603	2,862
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	7,551	6,445	5,474	7,899	9,808	9,947	11,877	11,508	9,575	9,477	10,901	10,550	9,021	6,964
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	7,551	6,445	5,474	7,899	9,808	9,947	11,877	11,508	9,575	9,477	10,901	10,550	9,021	6,961
Total Assets	34,473	34,520	33,902	37,137	40,017	42,753	46,393	47,334	46,106	45,596	48,825	50,494	50,017	48,667
+ Payables & Accruals	1,314	1,504	1,605	1,774	2,509	2,105	2,425	2,424	2,005	2,409	2,493	2,526	2,286	2,287
+ Accounts Payable	740	890	1,000	- -	- -	- -	- -	- -	- -	2,029	2,127	2,163	1,940	1,982
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	574	614	605	1,774	2,509	2,105	2,425	2,424	2,005	380	366	363	346	305
+ ST Debt	5,197	3,398	1,555	2,269	1,315	1,109	2,019	4,271	2,563	1,735	1,178	3,082	3,852	2,370
+ ST Borrowings	5,162	3,361	1,512	2,215	852	1,035	2,019	3,828	2,494	1,660	1,099	3,024	3,815	2,332
+ ST Finance Leases	35	37	43	54	463	74	- -	443	69	75	79	58	37	38
+ Other ST Liabilities	213	301	263	209	453	388	465	293	414	305	264	254	263	197
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	102	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	213	301	263	209	453	388	465	191	414	305	264	254	263	197
Total Current Liabilities	6,724	5,203	3,423	4,252	4,277	3,602	4,909	6,988	4,982	4,449	3,935	5,862	6,401	4,854
+ LT Debt	18,859	20,615	22,128	21,703	22,728	23,668	22,412	22,520	24,318	23,843	24,467	22,734	21,922	21,748
+ LT Borrowings	17,751	19,544	21,099	20,404	21,788	22,389	22,412	21,250	23,626	23,227	23,930	22,148	21,438	21,307
+ LT Finance Leases	1,108	1,071	1,029	1,299	940	1,279	- -	1,270	692	616	537	586	484	441
+ Other LT Liabilities	-18,859	-20,615	-22,128	-21,703	8,794	10,346	13,843	12,500	11,159	11,200	13,220	13,478	12,561	11,782
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	6,007	6,279	5,348	5,839	7,107	6,929	5,477	4,476
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-18,859	-20,615	-22,128	-21,703	8,794	10,346	7,836	6,221	5,811	5,361	6,113	6,549	7,084	7,306
Total Noncurrent Liabilities	- -	- -	- -	- -	31,522	34,014	36,255	35,020	35,477	35,043	37,687	36,212	34,483	33,530
Total Liabilities	34,473	34,520	33,902	37,137	35,799	37,616	41,164	42,008	40,459	39,492	41,622	42,074	40,884	38,384
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	- -	- -	- -	- -	- -	- -	- -	258	258	258	258	258
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	258	258	258	258	258
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	1,244	1,565	1,939	2,571	3,291	- -	4,429	4,492	4,767	5,240	6,357	7,594	8,282	9,404
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	-2	-12	21	57
Equity Before Minority Interest	- -	- -	- -	- -	4,218	5,137	5,229	5,326	5,647	5,503	6,613	7,840	8,561	9,719
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	601	590	580	572	564
Total Equity	- -	- -	- -	- -	4,218	5,137	5,229	5,326	5,647	6,104	7,203	8,420	9,133	10,283
Total Liabilities & Equity	34,473	34,520	33,902	37,137	40,017	42,753	46,393	47,334	46,106	45,596	48,825	50,494	50,017	48,667
Shares Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	1,143	1,108	1,072	1,353	1,403	1,353	- -	1,713	761	691	616	644	521	479
Net Debt	22,375	22,369	22,446	22,406	22,439	23,096	23,924	24,210	24,518	24,387	24,729	24,872	24,953	23,340
Net Debt to Equity	- -	- -	- -	- -	531.98	449.6	457.53	454.56	434.18	399.52	343.32	295.39	273.22	226.98
Tangible Common Equity Ratio	- -	- -	- -	- -	10.54	12.02	11.27	11.25	12.25	13.39	14.75	16.68	18.26	21.12
Current Ratio	0.32	0.51	0.71	0.59	0.58	1.07	0.82	0.64	0.98	0.85	0.89	0.62	0.54	0.71
Cash Conversion Cycle	- -	18.94	23.29	70.74	110.83	76.56	94.96	155.41	156.44	53.06	-9.93	-16.52	-3.7	-12.18

Cash Flow Statement (USD)

API ChatGPT

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
As of date	09/30/2005	09/30/2006	09/30/2007	09/30/2008	09/30/2009	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018

+ Net Income	- -	- -	- -	- -	- -	- -	- -	60	271	469	1,111	1,233	685	1,119
+ Depreciation & Amortization	1,411	1,730	1,723	1,540	1,956	2,083	1,792	1,947	1,723	1,888	2,077	1,882	1,763	2,554
+ Non-Cash Items	120	470	126	667	245	36	761	575	757	519	180	-33	193	187
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	6	-18	-16	- -	- -
+ Asset Impairment Charge	24	9	26	9	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	96	461	100	658	245	36	761	575	757	513	198	-17	193	187
+ Chg in Non-Cash Work Cap	-69	-186	-86	-250	-60	-218	-116	-8	-154	104	-53	-40	95	95
+ (Inc) Dec in Accts Receiv	-19	-214	-72	-59	90	-342	-62	89	114	-79	93	-83	230	-68
+ (Inc) Dec in Inventories	-12	-120	-98	-138	-182	-119	-110	-131	27	34	-12	50	1	65
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-38	148	84	-53	32	243	56	34	-295	149	-134	-7	-136	98
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,462	2,014	1,763	1,957	2,141	1,901	2,437	2,574	2,597	2,980	3,315	3,042	2,736	3,955
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	-2,416	-2,633	-361	-2,338	-2,710	-3,542	-3,010	-2,458	-2,216
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	-2,416	-2,633	-361	-2,338	-2,710	-3,542	-3,010	-2,458	-2,216
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	-27	-14	-5	-6	-5	-5
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	-27	-14	-5	-6	-5	-5
+ Net Change in LT Investment	335	- -	-44	-39	-42	-42	-10	8	3	- -	-52	- -	-41	-45
+ Dec in LT Investment	335	- -	- -	- -	- -	- -	11	10	9	- -	- -	- -	8	4
+ Inc in LT Investment	- -	- -	-44	-39	-42	-42	-21	-2	-6	- -	-52	- -	-49	-49
+ Net Cash From Acq & Div	74	59	18	13	11	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	74	59	18	13	11	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-1,597	-1,786	-1,635	-2,273	-2,234	- -	-499	-2,160	-50	-46	9	-103	-37	-8
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1,188	-1,727	-1,661	-2,299	-2,265	-2,458	-3,142	-2,513	-2,385	-2,756	-3,585	-3,113	-2,536	-2,269
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-207	-236	-422	172	179	-929	888	316	589	-1,316	118	102	-174	-1,675
+ Cash From Debt	2,196	1,132	1,040	2,105	3,132	11	2,054	3,150	3,406	989	1,410	370	1,582	998
+ Repayments of Debt	-2,403	-1,368	-1,462	-1,933	-2,953	-940	-1,166	-2,834	-2,817	-2,305	-1,292	-268	-1,756	-2,673
+ Other Financing Activities	-48	-53	-51	218	-67	1,613	-4	-16	-40	4	-43	-25	-21	-7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-255	-289	-473	390	112	684	884	300	522	-1,326	70	71	-200	-1,687
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	19	-2	-371	48	-12	127	179	361	734	-1,102	-200	- -	- -	-1
EBITDA	2,702	3,333	3,187	3,724	3,929	4,325	3,229	3,247	3,176	3,477	4,292	4,208	3,738	4,866
EBITDA Margin (%)	34.67	36.29	34.69	35.87	34.91	39.77	27.27	28.94	28.99	31.22	39.01	39.64	34.81	43.32
Free Cash Flow	1,462	2,014	1,763	1,957	2,141	-515	-196	2,213	259	270	-227	32	278	1,739
Net Cash Paid for Acquisitions	-74	-59	-18	-13	-11	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,614	1,120	1,403	1,624	2,982
Free Cash Flow to Equity	- -	1,778	1,341	2,129	2,320	-1,444	692	2,529	848	-1,046	-109	134	104	64
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	17.2	6.12	4.6	2.4	2.95	1.96	15.04	42.9	9.58	6.35	2.98	2.47	3.99	3.53
Capital Expenditures	- -	- -	- -	- -	- -	-2,416	-2,633	-361	-2,338	-2,710	-3,542	-3,010	-2,458	-2,216