UGI Corporation

UGI

UGIUGI Corporation US flag

New York Stock Exchange

34.74

USD

-0.29

- -

7.45BMarket 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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Sales/Revenue/Turnover	6,091	6,521	7,195	8,277	6,691	5,686	6,121	7,651	7,320	6,559	7,447	10,106	8,928	7,210	7,287
+ Sales & Services Revenue	6,091	6,521	7,195	8,277	6,691	5,686	6,121	7,651	7,320	6,559	7,447	10,106	8,928	7,210	7,287
- Cost of Revenue	3,983	4,099	4,324	5,176	3,736	2,438	2,837	4,075	4,323	3,149	2,614	5,973	6,937	3,529	3,654
+ Cost of Goods & Services	3,983	4,099	4,324	5,176	3,736	2,438	2,837	4,075	4,323	3,149	2,614	5,973	6,937	3,529	3,654
Gross Profit	2,108	2,422	2,870	3,102	2,955	3,248	3,283	3,576	2,997	3,410	4,833	4,133	1,991	3,681	3,633
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,486	1,907	2,058	2,122	2,144	2,279	2,272	2,460	2,406	2,390	2,516	2,514	2,649	2,672	2,542
+ Selling, General & Admin	1,267	1,591	1,692	1,753	1,774	1,882	1,868	2,013	1,963	1,911	2,014	2,028	2,158	2,132	2,011
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	220	316	366	370	370	397	404	447	443	479	502	486	491	540	531
Operating Income (Loss)	622	516	812	979	810	969	1,011	1,116	591	1,020	2,317	1,619	-658	1,009	1,091
- Non-Operating (Income) Loss	156	211	222	211	218	259	310	261	190	353	328	232	1,179	669	395
+ Interest Expense, Net	136	218	238	234	241	229	222	227	252	320	310	328	373	383	399
+ Interest Expense	138	220	240	238	242	229	224	230	258	322	310	329	379	394	411
- Interest Income	2	2	2	4	1	- -	2	3	6	2	- -	1	6	11	12
+ Other Non-Op (Income) Loss	21	-7	-16	-23	-23	31	88	34	-62	33	18	-96	806	286	-4
Pretax Income	465	305	590	768	592	710	701	855	401	667	1,989	1,387	-1,837	340	696
- Income Tax Expense (Benefit)	145	107	163	235	178	221	178	33	93	135	522	313	-335	71	18
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	320	198	428	533	414	489	524	822	308	532	1,467	1,074	-1,502	269	678
- Net Extraordinary Losses (Gains)	149	-25	299	391	266	248	174	206	104	- -	- -	2	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	149	-25	299	391	266	248	174	206	104	- -	- -	2	- -	- -	- -
Income (Loss) Incl. MI	171	223	129	142	148	241	349	616	204	532	1,467	1,072	-1,502	269	678
- Minority Interest	-75	12	-150	-195	-133	-124	-87	-103	-52	- -	- -	-1	- -	- -	- -
Net Income, GAAP	245	210	278	337	281	365	437	719	256	532	1,467	1,073	-1,502	269	678
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	245	210	278	337	281	365	437	719	256	532	1,467	1,073	-1,502	269	678
EBIT	622	516	812	979	810	969	1,011	1,116	591	1,020	2,317	1,619	-658	1,009	1,091
EBITDA	849	830	1,176	1,342	1,184	1,370	1,428	1,571	1,039	1,504	2,819	2,137	-126	1,560	1,652
EBITDA Margin (%)	13.95	12.74	16.34	16.21	17.7	24.1	23.33	20.53	14.19	22.93	37.85	21.15	-1.41	21.64	22.67
EBITA	622	516	812	979	810	969	1,011	1,116	591	1,020	2,317	1,619	-658	1,009	1,091
Gross Margin (%)	34.61	37.14	39.89	37.47	44.16	57.13	53.64	46.74	40.94	51.99	64.9	40.9	22.3	51.05	49.86
Operating Margin (%)	10.21	7.9	11.29	11.83	12.11	17.05	16.52	14.59	8.07	15.55	31.11	16.02	-7.37	13.99	14.97
Profit Margin (%)	4.03	3.22	3.87	4.07	4.2	6.41	7.13	9.4	3.5	8.11	19.7	10.62	-16.82	3.73	9.3
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.24	1.78	2.06	2.16	2.32	2.41	2.48	2.53	2.6	1.31	1.35	1.41	1.47	1.5	1.5
Depreciation Expense	228	315	363	363	374	401	416	455	448	484	502	518	532	551	561
Basic Weighted Avg Shares	168	169	171	173	173	173	174	174	178	209	209	210	210	211	215
Basic EPS, GAAP	1.46	1.24	1.63	1.95	1.62	2.11	2.51	4.13	1.43	2.55	7.02	5.11	-7.16	1.27	3.15
Basic EPS from Cont Ops	1.91	1.17	2.5	3.08	2.39	2.82	3.02	4.73	1.73	2.55	7.02	5.12	-7.16	1.27	3.15
Diluted Weighted Avg Shares	169	170	173	175	176	176	177	177	181	210	212	216	210	215	219
Diluted EPS, GAAP	1.45	1.24	1.6	1.92	1.6	2.08	2.46	4.06	1.41	2.53	6.92	4.97	-7.16	1.25	3.09
Diluted EPS from Cont Ops	1.89	1.16	2.47	3.04	2.36	2.78	2.96	4.65	1.7	2.53	6.92	4.98	-7.16	1.25	3.09

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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Total Current Assets	1,306	1,470	1,627	1,663	1,460	1,424	1,698	1,888	1,566	1,543	3,270	3,802	2,045	1,651	1,766
+ Cash, Cash Equivalents & STI	238	320	389	420	370	503	558	453	447	336	855	405	241	213	335
+ Cash & Cash Equivalents	238	320	389	420	370	503	558	453	447	336	855	405	241	213	335
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	581	644	764	699	632	564	640	766	656	746	1,023	1,278	947	801	790
+ Accounts Receivable, Net	547	628	746	685	620	552	627	752	641	652	880	1,127	878	709	714
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	34	17	19	14	12	13	13	14	15	94	143	151	69	92	76
+ Inventories	363	354	366	423	240	210	279	318	230	241	469	665	433	411	385
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	363	354	366	423	240	210	279	318	230	241	469	665	433	411	385
+ Other ST Assets	124	152	108	122	218	146	220	351	233	220	923	1,454	424	226	256
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	5,357	8,206	8,382	8,430	9,054	9,423	9,885	10,093	11,781	12,442	13,453	13,773	13,356	13,447	13,696
+ Property, Plant & Equip, Net	3,204	4,234	4,480	4,544	4,994	5,238	5,537	5,808	6,688	6,960	7,558	8,040	8,547	8,763	9,080
+ Property, Plant & Equip	5,284	6,520	7,040	7,177	7,829	8,345	8,850	8,962	10,073	10,658	11,508	12,206	13,128	13,673	14,350
- Accumulated Depreciation	2,080	2,285	2,560	2,633	2,835	3,107	3,313	3,154	3,385	3,698	3,950	4,166	4,581	4,910	5,270
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2,153	3,972	3,901	3,886	4,060	4,185	4,348	4,285	5,093	5,482	5,895	5,733	4,809	4,684	4,616
+ Total Intangible Assets	1,710	3,476	3,482	3,410	3,564	3,569	3,719	3,674	4,165	4,195	4,353	4,112	3,470	3,262	3,180
+ Goodwill	1,562	2,818	2,874	2,833	2,953	2,989	3,107	3,160	3,456	3,518	3,770	3,612	3,027	2,871	2,852
+ Other Intangible Assets	148	658	608	576	610	580	612	514	709	677	583	500	443	391	328
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	443	496	420	476	497	616	629	611	928	1,287	1,542	1,621	1,339	1,422	1,436
Total Assets	6,663	9,677	10,009	10,093	10,514	10,847	11,582	11,981	13,347	13,985	16,723	17,575	15,401	15,098	15,462
+ Payables & Accruals	428	571	630	624	584	554	625	755	635	637	1,018	1,038	755	740	714
+ Accounts Payable	400	410	472	460	393	391	440	562	439	475	837	891	613	544	511
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	28	161	158	164	191	163	185	193	196	162	181	147	142	196	203
+ ST Debt	186	332	295	288	448	321	544	444	820	400	477	517	706	700	603
+ ST Borrowings	186	332	295	288	448	321	544	444	820	400	477	517	706	700	603
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	464	579	500	519	647	566	521	534	573	718	802	889	813	620	664
+ Deferred Revenue	- -	253	205	212	242	241	207	191	168	204	208	225	232	199	188
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	464	326	295	307	405	325	314	343	405	514	594	664	581	421	476
Total Current Liabilities	1,078	1,482	1,425	1,431	1,679	1,442	1,690	1,732	2,028	1,755	2,297	2,444	2,274	2,060	1,981
+ LT Debt	2,110	3,348	3,542	3,434	3,410	3,766	3,995	4,146	5,780	5,981	6,339	6,483	6,543	6,443	6,531
+ LT Borrowings	2,110	3,348	3,542	3,434	3,410	3,766	3,995	4,146	5,780	5,981	6,339	6,483	6,543	6,443	6,531
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	1,284	1,532	1,494	1,565	1,854	2,044	2,157	2,002	1,712	2,112	2,556	2,574	2,190	2,241	2,164
+ Accrued Liabilities	714	910	967	1,009	1,138	1,216	1,357	992	541	640	1,137	1,305	928	1,008	973
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	570	621	527	556	716	828	800	1,010	1,171	1,472	1,419	1,269	1,262	1,233	1,191
Total Noncurrent Liabilities	3,394	4,879	5,036	4,999	5,263	5,810	6,151	6,149	7,492	8,093	8,895	9,057	8,733	8,684	8,695
Total Liabilities	4,472	6,362	6,461	6,430	6,942	7,252	7,841	7,881	9,520	9,848	11,192	11,501	11,007	10,744	10,676
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	213	162	167	- -	- -
+ Share Capital & APIC	937	2,315	2,416	2,431	2,429	2,403	2,377	2,402	2,794	1,416	1,394	1,483	1,503	1,676	1,709
+ Common Stock	- -	1,158	1,208	1,216	1,215	1,202	1,189	1,201	1,397	1,416	1,394	1,483	1,503	1,676	1,709
+ Additional Paid in Capital	937	1,158	1,208	1,216	1,215	1,202	1,189	1,201	1,397	- -	- -	- -	- -	- -	- -
- Treasury Stock	28	29	32	45	45	37	39	20	16	49	26	40	55	56	93
+ Retained Earnings	1,086	1,156	1,308	1,509	1,637	1,834	2,107	2,611	2,653	2,908	4,081	4,841	3,027	2,978	3,334
+ Other Equity	-18	-55	8	-21	-115	-155	-93	-110	-217	-147	-140	-380	-256	-253	-173
Equity Before Minority Interest	1,978	2,230	2,492	2,659	2,692	2,844	3,163	3,681	3,817	4,128	5,522	6,066	4,386	4,345	4,777
+ Minority/Non Controlling Interest	213	1,086	1,055	1,004	880	751	578	419	10	9	9	8	8	9	9
Total Equity	2,191	3,315	3,548	3,663	3,572	3,595	3,741	4,100	3,827	4,137	5,531	6,074	4,394	4,354	4,786
Total Liabilities & Equity	6,663	9,677	10,009	10,093	10,514	10,847	11,582	11,981	13,347	13,985	16,723	17,575	15,401	15,098	15,462
Shares Outstanding	168	169	172	172	172	173	173	174	209	208	209	210	209	215	214
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	2,058	3,360	3,448	3,302	3,488	3,584	3,981	4,138	6,153	6,045	5,961	6,595	7,008	6,930	6,799
Net Debt to Equity	93.92	101.33	97.18	90.14	97.63	99.71	106.41	100.92	160.78	146.12	107.77	108.58	159.49	159.16	142.06
Tangible Common Equity Ratio	9.71	-2.6	1.02	3.79	0.13	0.35	0.28	5.13	-3.68	-0.59	7.8	13.37	6.34	9.23	13.08
Current Ratio	1.21	0.99	1.14	1.16	0.87	0.99	1	1.09	0.77	0.88	1.42	1.56	0.9	0.8	0.89
Cash Conversion Cycle	26.46	28.67	28.07	26.83	24.16	11.88	14.4	15.2	14.74	10.49	2.86	19.77	28.93	23.61	22.33

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	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

+ Net Income	320	198	428	533	414	489	524	822	308	532	1,467	1,074	-1,502	269	678
+ Depreciation & Amortization	228	315	363	363	374	401	416	455	448	484	502	518	532	551	561
+ Non-Cash Items	150	116	55	116	184	37	193	-57	228	182	-297	-332	1,808	386	13
+ Stock-Based Compensation	16	14	18	26	29	24	19	23	18	15	21	15	17	8	18
+ Deferred Income Taxes	92	90	49	67	14	77	110	-69	-43	146	478	221	-420	52	-46
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	75	- -	- -	- -	5	675	202	- -
+ Other Non-Cash Adj	43	12	-11	24	141	-64	64	-86	253	21	-796	-573	1,536	124	41
+ Chg in Non-Cash Work Cap	-143	79	-44	-6	192	43	-169	-135	94	-96	-191	-544	269	-24	-25
+ (Inc) Dec in Accts Receiv	-66	66	-111	18	163	37	-104	-148	83	-98	-281	-431	303	105	-20
+ (Inc) Dec in Inventories	-41	89	5	-65	181	29	-65	-37	84	-5	-231	-224	247	32	30
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	8	4	-41	22	472	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	19	-79	39	4	-135	-40	50	65	-97	3	366	85	-291	-99	-29
+ Inc (Dec) in Other	-55	3	23	37	-18	16	-58	-19	65	-18	-517	26	10	-62	-6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	555	708	802	1,005	1,164	970	964	1,085	1,078	1,102	1,481	716	1,107	1,182	1,227
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-361	-339	-486	-457	-491	-564	-639	-574	-705	-655	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-361	-339	-486	-457	-491	-564	-639	-574	-705	-655	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	27	300	36	-29	-22	-34	-32	-25	- -	-36	19	-19	-10	- -	-15
+ Increase in Capital Stock	27	300	36	11	12	14	11	35	17	2	19	19	12	- -	18
+ Decrease in Capital Stock	- -	- -	- -	-40	-34	-48	-43	-60	-17	-38	- -	-38	-22	- -	-33
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26	22	3	-4
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26	22	3	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-4
+ Net Cash From Acq & Div	-52	-1,580	-79	-37	-448	-61	-101	-187	-1,362	-16	-423	-245	-125	1	132
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	39	44	30	93	170
+ Cash for Acq of Subs	-52	-1,580	-79	-37	-448	-61	-101	-187	-1,362	-16	-462	-289	-155	-92	-38
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-2	15	12	6	-38	66	-29	12	12	22	-690	-793	-974	-796	-827
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-415	-1,904	-553	-488	-976	-559	-769	-749	-2,055	-649	-1,113	-1,012	-1,077	-792	-699
+ Dividends Paid	-208	-301	-352	-374	-402	-418	-430	-440	-463	-273	-282	-296	-308	-318	-322
+ Net Cash From Debt	99	1,236	88	-91	243	66	256	-62	1,718	-326	216	280	166	18	-90
+ Cash From Debt	1,483	1,536	257	174	660	1,636	1,307	124	2,456	209	656	1,258	2,197	1,321	1,684
+ Repayments of Debt	-1,384	-300	-169	-265	-417	-1,570	-1,051	-186	-738	-535	-440	-978	-2,031	-1,303	-1,774
+ Other Financing Activities	-71	44	41	18	-35	111	60	89	-213	- -	213	-16	-16	-206	21
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-152	1,278	-186	-476	-217	-275	-147	-438	1,042	-635	166	-51	-168	-506	-406
Effect of Foreign Exchange Rates	-9	- -	7	-12	-20	-3	1	-5	-16	28	-14	-61	9	4	5
Net Changes in Cash	-13	82	62	42	-30	136	49	-102	65	-182	534	-347	-138	-116	122
EBITDA	849	830	1,176	1,342	1,184	1,370	1,428	1,571	1,039	1,504	2,819	2,137	-126	1,560	1,652
EBITDA Margin (%)	13.95	12.74	16.34	16.21	17.7	24.1	23.33	20.53	14.19	22.93	37.85	21.15	-1.41	21.64	22.67
Free Cash Flow	194	368	316	549	673	406	326	511	373	447	1,481	716	1,107	1,182	1,227
Net Cash Paid for Acquisitions	52	1,580	79	37	448	61	101	187	1,362	16	423	245	125	-1	-132
Free Cash Flow to Firm	289	511	490	713	842	563	492	732	571	704	1,710	971	- -	1,494	1,627
Free Cash Flow to Equity	293	1,604	404	458	916	472	581	449	2,091	121	1,910	945	1,278	1,033	1,137
Free Cash Flow per Basic Share	1.16	2.18	1.85	3.18	3.89	2.34	1.87	2.94	2.09	2.14	7.08	3.41	5.28	5.59	5.71
Price/Free Cash Flow	3.24	3.44	3.51	4.09	3.7	5.18	5.18	5.92	5.11	3.94	6.1	9.75	4.36	4.56	5.94
Cash Flow to Net Income	2.26	3.37	2.88	2.98	4.14	2.66	2.21	1.51	4.21	2.07	1.01	0.67	-0.74	4.39	1.81
Capital Expenditures	-361	-339	-486	-457	-491	-564	-639	-574	-705	-655	- -	- -	- -	- -	- -