UnitedHealth Group Incorporated

UNH

UNHUnitedHealth Group Incorporated US flag

New York Stock Exchange

408.52

USD

+2.97

- -

371.00BMarket 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	101,862	110,618	122,489	130,474	157,107	184,840	201,159	226,247	242,155	257,141	287,597	324,162	371,622	400,278	447,567
+ Sales & Services Revenue	101,862	110,618	122,489	130,474	157,107	184,840	201,159	226,247	242,155	257,141	287,597	324,162	371,622	400,278	447,567
- Cost of Revenue	76,717	82,749	92,550	97,459	120,081	141,454	154,148	172,401	184,557	190,141	217,945	244,545	280,664	310,879	364,650
+ Cost of Goods & Services	76,717	82,749	92,550	97,459	120,081	141,454	154,148	172,401	184,557	190,141	217,945	244,545	280,664	310,879	364,650
Gross Profit	25,145	27,869	29,939	33,015	37,026	43,386	47,011	53,846	57,598	67,000	69,652	79,617	90,958	89,399	82,917
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	16,681	18,615	20,316	22,741	26,005	30,456	31,802	36,502	37,913	44,595	45,682	51,182	58,600	57,112	63,953
+ Selling, General & Admin	15,557	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1,124	18,615	20,316	22,741	26,005	30,456	31,802	36,502	37,913	44,595	45,682	51,182	58,600	57,112	63,953
Operating Income (Loss)	8,464	9,254	9,623	10,274	11,021	12,930	15,209	17,344	19,685	22,405	23,970	28,435	32,358	32,287	18,964
- Non-Operating (Income) Loss	505	632	708	618	790	1,067	1,186	1,400	1,704	1,663	1,660	2,092	3,246	12,216	4,267
+ Interest Expense, Net	505	632	708	618	790	1,067	1,186	1,400	1,704	1,663	1,660	2,092	3,246	3,906	4,002
+ Interest Expense	505	632	708	618	790	1,067	1,186	1,400	1,704	1,663	1,660	2,092	3,246	3,906	4,002
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8,310	265
Pretax Income	7,959	8,622	8,915	9,656	10,231	11,863	14,023	15,944	17,981	20,742	22,310	26,343	29,112	20,071	14,697
- Income Tax Expense (Benefit)	2,817	3,096	3,242	4,037	4,363	4,790	3,200	3,562	3,742	4,973	4,578	5,704	5,968	4,829	1,890
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	5,142	5,526	5,673	5,619	5,868	7,073	10,823	12,382	14,239	15,769	17,732	20,639	23,144	15,242	12,807
- Net Extraordinary Losses (Gains)	- -	- -	96	- -	110	112	530	792	800	732	894	1,038	1,526	1,674	1,502
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	96	- -	110	112	530	792	800	732	894	1,038	1,526	1,674	1,502
Income (Loss) Incl. MI	5,142	5,526	5,577	5,619	5,758	6,961	10,293	11,590	13,439	15,037	16,838	19,601	21,618	13,568	11,305
- Minority Interest	- -	- -	-48	- -	-55	-56	-265	-396	-400	-366	-447	-519	-763	-837	-751
Net Income, GAAP	5,142	5,526	5,625	5,619	5,813	7,017	10,558	11,986	13,839	15,403	17,285	20,120	22,381	14,405	12,056
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	5,142	5,526	5,625	5,619	5,813	7,017	10,558	11,986	13,839	15,403	17,285	20,120	22,381	14,405	12,056
EBIT	8,464	9,254	9,623	10,274	11,021	12,930	15,209	17,344	19,685	22,405	23,970	28,435	32,358	32,287	18,964
EBITDA	9,588	10,563	10,998	11,752	12,714	14,985	17,454	19,772	22,405	25,296	27,073	31,835	36,330	36,386	23,325
EBITDA Margin (%)	9.41	9.55	8.98	9.01	8.09	8.11	8.68	8.74	9.25	9.84	9.41	9.82	9.78	9.09	5.21
EBITA	8,464	9,254	9,623	10,274	11,021	12,930	15,209	17,344	19,685	22,405	23,970	28,435	32,358	32,287	18,964
Gross Margin (%)	24.69	25.19	24.44	25.3	23.57	23.47	23.37	23.8	23.79	26.06	24.22	24.56	24.48	22.33	18.53
Operating Margin (%)	8.31	8.37	7.86	7.87	7.01	7	7.56	7.67	8.13	8.71	8.33	8.77	8.71	8.07	4.24
Profit Margin (%)	5.05	5	4.59	4.31	3.7	3.8	5.25	5.3	5.71	5.99	6.01	6.21	6.02	3.6	2.69
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.63	0.8	1.07	1.43	1.87	2.38	2.86	3.46	4.15	4.85	5.6	6.41	7.32	8.23	8.74
Depreciation Expense	1,124	1,309	1,375	1,478	1,693	2,055	2,245	2,428	2,720	2,891	3,103	3,400	3,972	4,099	4,361
Basic Weighted Avg Shares	1,039	1,019	988	954	953	952	969	960	948	946	943	934	924	915	906
Basic EPS, GAAP	4.95	5.42	5.69	5.89	6.1	7.37	10.9	12.49	14.6	16.28	18.33	21.54	24.22	15.74	13.31
Basic EPS from Cont Ops	4.95	5.42	5.74	5.89	6.16	7.43	11.17	12.9	15.02	16.67	18.8	22.1	25.05	16.66	14.14
Diluted Weighted Avg Shares	1,087	1,046	1,023	986	967	968	985	983	966	961	956	950	938	929	911
Diluted EPS, GAAP	4.73	5.28	5.5	5.7	6.01	7.25	10.72	12.19	14.33	16.03	18.08	21.18	23.86	15.51	13.23
Diluted EPS from Cont Ops	4.73	5.28	5.55	5.7	6.07	7.31	10.99	12.6	14.74	16.41	18.55	21.73	24.67	16.41	14.06

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	20,350	21,052	20,380	23,556	31,639	33,879	37,084	38,692	42,634	53,718	61,758	69,069	78,437	85,779	90,582
+ Cash, Cash Equivalents & STI	12,006	11,437	9,213	9,236	12,911	13,275	15,490	14,324	14,245	19,781	23,907	27,911	29,628	29,113	28,121
+ Cash & Cash Equivalents	9,429	8,406	7,276	7,495	10,923	10,430	11,981	10,866	10,985	16,921	21,375	23,365	25,427	25,312	24,365
+ ST Investments	2,577	3,031	1,937	1,741	1,988	2,845	3,509	3,458	3,260	2,860	2,532	4,546	4,201	3,801	3,756
+ Accounts & Notes Receiv	4,549	5,598	7,050	9,750	13,324	15,651	15,830	11,388	11,822	25,404	28,082	30,450	38,970	48,454	52,715
+ Accounts Receivable, Net	2,294	2,709	3,052	4,252	6,523	8,152	9,568	11,388	11,822	12,870	14,216	17,681	21,276	22,365	23,018
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	2,255	2,889	3,998	5,498	6,801	7,499	6,262	- -	- -	12,534	13,866	12,769	17,694	26,089	29,697
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	3,795	4,017	4,117	4,570	5,404	4,953	5,764	12,980	16,567	8,533	9,769	10,708	9,839	8,212	9,746
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	47,539	59,833	61,502	62,826	79,615	88,931	101,974	113,529	131,255	143,571	150,448	176,636	195,283	212,499	218,999
+ Property, Plant & Equip, Net	2,515	3,939	4,010	4,418	4,861	5,901	7,013	8,458	8,704	8,626	8,969	10,128	11,450	10,553	10,762
+ Property, Plant & Equip	4,955	6,503	6,685	7,372	8,034	9,650	10,707	12,599	13,699	13,856	14,961	17,058	18,489	17,524	18,308
- Accumulated Depreciation	2,440	2,564	2,675	2,954	3,173	3,749	3,694	4,141	4,995	5,230	5,992	6,930	7,039	6,971	7,546
+ LT Investments & Receivables	16,166	17,711	19,605	18,827	18,792	23,868	28,341	32,510	37,209	41,242	43,114	43,728	47,609	52,354	54,251
+ LT Investments	16,166	17,711	19,605	18,827	18,792	23,868	28,341	32,510	37,209	41,242	43,114	43,728	47,609	52,354	54,251
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	28,858	38,183	37,887	39,581	55,962	59,162	66,620	72,561	85,342	93,703	98,365	122,780	136,224	149,592	153,986
+ Total Intangible Assets	26,770	35,968	35,448	36,609	52,844	56,125	63,045	68,235	76,008	82,193	85,839	107,753	118,926	130,002	130,973
+ Goodwill	23,975	31,286	31,604	32,940	44,453	47,584	54,556	58,910	65,659	71,337	75,795	93,352	103,732	106,734	110,499
+ Other Intangible Assets	2,795	4,682	3,844	3,669	8,391	8,541	8,489	9,325	10,349	10,856	10,044	14,401	15,194	23,268	20,474
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	2,088	2,215	2,439	2,972	3,118	3,037	3,575	4,326	9,334	11,510	12,526	15,027	17,298	19,590	23,013
Total Assets	67,889	80,885	81,882	86,382	111,254	122,810	139,058	152,221	173,889	197,289	212,206	245,705	273,720	298,278	309,581
+ Payables & Accruals	16,652	17,988	19,033	21,287	26,324	29,752	33,051	36,596	40,695	44,367	49,126	56,771	64,353	68,561	77,369
+ Accounts Payable	16,652	17,988	19,033	21,287	26,324	29,752	33,051	36,596	40,695	44,367	49,126	56,771	64,353	68,561	77,369
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	982	2,713	1,969	1,399	6,634	7,193	2,857	1,973	3,870	4,819	3,620	3,110	4,274	4,545	6,069
+ ST Borrowings	982	2,713	1,969	1,399	6,634	7,193	2,857	1,973	3,870	4,819	3,620	3,110	4,274	4,545	6,069
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	6,288	6,415	6,879	7,937	9,940	12,307	14,555	14,640	17,217	23,234	25,546	29,356	30,427	30,663	31,459
+ Deferred Revenue	1,225	1,505	1,600	1,972	2,142	1,968	2,269	2,396	2,622	2,842	2,571	3,075	3,355	3,317	3,413
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	5,063	4,910	5,279	5,965	7,798	10,339	12,286	12,244	14,595	20,392	22,975	26,281	27,072	27,346	28,046
Total Current Liabilities	23,922	27,116	27,881	30,623	42,898	49,252	50,463	53,209	61,782	72,420	78,292	89,237	99,054	103,769	114,897
+ LT Debt	10,656	14,041	14,891	16,007	25,331	25,777	28,835	34,581	36,808	38,648	42,383	54,513	58,263	72,359	72,320
+ LT Borrowings	10,656	14,041	14,891	16,007	25,331	25,777	28,835	34,581	36,808	38,648	42,383	54,513	58,263	72,359	72,320
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	5,019	6,429	5,786	5,910	7,564	7,592	7,738	8,204	13,137	15,682	15,052	15,608	17,484	19,559	20,666
+ Accrued Liabilities	1,351	2,450	1,796	2,065	3,587	2,761	2,182	2,474	2,993	3,367	3,265	2,769	3,021	3,620	2,421
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	3,668	3,979	3,990	3,845	3,977	4,831	5,556	5,730	10,144	12,315	11,787	12,839	14,463	15,939	18,245
Total Noncurrent Liabilities	15,675	20,470	20,677	21,917	32,895	33,369	36,573	42,785	49,945	54,330	57,435	70,121	75,747	91,918	92,986
Total Liabilities	39,597	47,586	48,558	52,540	75,793	82,621	87,036	95,994	111,727	126,750	135,727	159,358	174,801	195,687	207,883
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	10	76	10	10	39	10	1,713	10	16	10	10	9	9	9	568
+ Common Stock	10	10	10	10	10	10	10	10	9	10	10	9	9	9	9
+ Additional Paid in Capital	- -	66	- -	- -	29	- -	1,703	- -	7	- -	- -	- -	- -	- -	559
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	27,821	30,664	33,047	33,836	37,125	40,945	48,730	55,846	61,178	69,295	77,134	86,156	95,774	96,036	95,603
+ Other Equity	461	438	-908	-1,392	-3,334	-2,681	-2,667	-4,160	-3,578	-3,814	-5,384	-8,393	-7,027	-3,387	-2,061
Equity Before Minority Interest	28,292	31,178	32,149	32,454	33,830	38,274	47,776	51,696	57,616	65,491	71,760	77,772	88,756	92,658	94,110
+ Minority/Non Controlling Interest	- -	2,121	1,175	1,388	1,631	1,915	4,246	4,531	4,546	5,048	4,719	8,575	10,163	9,933	7,588
Total Equity	28,292	33,299	33,324	33,842	35,461	40,189	52,022	56,227	62,162	70,539	76,479	86,347	98,919	102,591	101,698
Total Liabilities & Equity	67,889	80,885	81,882	86,382	111,254	122,810	139,058	152,221	173,889	197,289	212,206	245,705	273,720	298,278	309,581
Shares Outstanding	1,039	1,019	988	954	953	952	969	960	948	946	941	934	924	915	906
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	2,209	8,348	9,584	9,911	21,042	22,540	19,711	25,688	29,693	26,546	24,628	34,258	37,110	51,592	54,024
Net Debt to Equity	7.81	25.07	28.76	29.29	59.34	56.08	37.89	45.69	47.77	37.63	32.2	39.67	37.52	50.29	53.12
Tangible Common Equity Ratio	3.7	-5.94	-4.57	-5.56	-29.76	-23.9	-14.5	-14.3	-14.15	-10.13	-7.41	-15.52	-12.92	-16.29	-16.39
Current Ratio	0.85	0.78	0.73	0.77	0.74	0.69	0.73	0.73	0.69	0.74	0.79	0.77	0.79	0.83	0.79
Cash Conversion Cycle	-53.74	-68.14	-64.42	-65.29	-59.84	-57.86	-58.28	-56.82	-58.94	-64.12	-61.1	-61.07	-59.63	-58.13	-54.53

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
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	5,142	5,526	5,673	5,619	5,868	7,073	10,823	12,382	14,239	15,769	17,732	20,639	23,144	15,242	12,807
+ Depreciation & Amortization	1,124	1,309	1,375	1,478	1,693	2,055	2,245	2,428	2,720	2,891	3,103	3,400	3,972	4,099	4,361
+ Non-Cash Items	393	498	249	-51	98	484	-151	609	821	619	-14	-79	309	5,671	247
+ Stock-Based Compensation	401	421	331	364	406	485	597	638	697	679	800	925	1,059	1,018	971
+ Deferred Income Taxes	59	308	1	-117	-73	81	-965	42	230	-8	130	-673	-245	-296	-1,752
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-67	-231	-83	-298	-235	-82	217	-71	-106	-52	-944	-331	-505	4,949	1,028
+ Chg in Non-Cash Work Cap	309	-178	-306	1,005	2,081	183	679	294	683	2,895	1,522	2,246	1,643	-808	2,282
+ (Inc) Dec in Accts Receiv	-267	-130	-317	-911	-591	-1,357	-1,062	-1,351	162	-688	-1,000	-2,523	-3,114	-1,437	-764
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	523	300	968	2,121	3,865	3,343	2,214	2,357	1,954	5,500	3,863	6,017	6,998	4,966	7,489
+ Inc (Dec) in Other	53	-348	-957	-205	-1,193	-1,803	-473	-712	-1,433	-1,917	-1,341	-1,248	-2,241	-4,337	-4,443
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	6,968	7,155	6,991	8,051	9,740	9,795	13,596	15,713	18,463	22,174	22,343	26,206	29,068	24,204	19,697
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	49	- -	146	78	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	49	- -	146	78	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1,067	-1,070	-1,307	-1,525	-1,556	-1,705	-2,023	-2,063	-2,071	-2,051	-2,454	-2,802	-3,386	-3,499	-3,622
+ Acq of Fixed Prod Assets	-1,067	-1,070	-1,307	-1,525	-1,556	-1,705	-2,023	-2,063	-2,071	-2,051	-2,454	-2,802	-3,386	-3,499	-3,622
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-2,613	-2,006	-2,572	-3,546	-798	-851	-812	-3,662	-4,463	-2,810	-3,645	-5,747	-6,647	-7,154	-4,718
+ Increase in Capital Stock	381	1,078	598	462	402	429	688	838	1,037	1,440	1,355	1,253	1,353	1,846	827
+ Decrease in Capital Stock	-2,994	-3,084	-3,170	-4,008	-1,200	-1,280	-1,500	-4,500	-5,500	-4,250	-5,000	-7,000	-8,000	-9,000	-5,545
+ Net Change in LT Investment	-1,695	-1,299	-1,611	799	-531	-5,927	-4,319	-4,099	-2,504	-2,836	-1,843	-6,837	-1,777	525	361
+ Dec in LT Investment	8,200	8,604	10,565	10,727	9,408	11,620	10,269	9,911	15,627	13,741	15,296	11,988	16,537	27,833	17,734
+ Inc in LT Investment	-9,895	-9,903	-12,176	-9,928	-9,939	-17,547	-14,588	-14,010	-18,131	-16,577	-17,139	-18,825	-18,314	-27,308	-17,373
+ Net Cash From Acq & Div	-1,844	-6,280	-362	-1,923	-16,164	-1,760	-2,131	-5,997	-8,343	-7,139	-4,821	-21,458	-10,136	-13,408	-4,509
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-1,844	-6,280	-362	-1,923	-16,164	-1,760	-2,131	-5,997	-8,343	-7,139	-4,821	-21,458	-10,136	-13,408	-4,509
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	385	- -	45	37	-144	37	-126	-226	219	-506	-1,254	2,621	-275	-4,145	-915
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-4,172	-8,649	-3,089	-2,534	-18,395	-9,355	-8,599	-12,385	-12,699	-12,532	-10,372	-28,476	-15,574	-20,527	-8,685
+ Dividends Paid	-651	-820	-1,056	-1,362	-1,786	-2,261	-2,773	-3,320	-3,932	-4,584	-5,280	-5,991	-6,761	-7,533	-7,916
+ Net Cash From Debt	346	4,567	152	391	14,607	990	-2,615	4,134	3,994	1,714	3,783	11,804	4,269	14,811	-81
+ Cash From Debt	2,234	5,553	2,235	1,997	15,648	3,968	5,291	6,935	5,744	4,864	6,933	14,819	6,394	17,811	2,969
+ Repayments of Debt	-1,888	-986	-2,083	-1,606	-1,041	-2,978	-7,906	-2,801	-1,750	-3,150	-3,150	-3,015	-2,125	-3,000	-3,050
+ Other Financing Activities	428	-1,270	-1,470	-776	216	1,111	2,759	-1,517	-1,224	2,090	-2,313	4,160	-2,390	-3,636	1,071
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-2,490	471	-4,946	-5,293	12,239	-1,011	-3,441	-4,365	-5,625	-3,590	-7,455	4,226	-11,529	-3,512	-11,644
Effect of Foreign Exchange Rates	- -	- -	-86	-5	-156	78	-5	-78	-20	-116	-62	34	97	-61	40
Net Changes in Cash	306	-1,023	-1,044	224	3,584	-571	1,556	-1,037	139	6,052	4,516	1,956	1,965	165	-632
EBITDA	9,588	10,563	10,998	11,752	12,714	14,985	17,454	19,772	22,405	25,296	27,073	31,835	36,330	36,386	23,325
EBITDA Margin (%)	9.41	9.55	8.98	9.01	8.09	8.11	8.68	8.74	9.25	9.84	9.41	9.82	9.78	9.09	5.21
Free Cash Flow	5,901	6,085	5,684	6,526	8,184	8,090	11,573	13,650	16,392	20,123	19,889	23,404	25,682	20,705	16,075
Net Cash Paid for Acquisitions	1,844	6,280	362	1,923	16,164	1,760	2,131	5,997	8,343	7,139	4,821	21,458	10,136	13,408	4,509
Free Cash Flow to Firm	6,227	6,490	6,135	6,886	8,637	8,726	12,488	14,737	17,741	21,387	21,208	25,043	28,263	23,671	19,562
Free Cash Flow to Equity	6,296	10,652	5,982	6,995	22,791	9,080	8,958	17,784	20,386	21,837	23,672	35,208	29,951	35,516	15,994
Free Cash Flow per Basic Share	5.68	5.97	5.75	6.84	8.59	8.5	11.94	14.22	17.29	21.27	21.09	25.06	27.79	22.63	17.75
Price/Free Cash Flow	6.86	6.9	9.28	10.41	10.07	13.47	13.9	13.78	13.83	13.91	19.36	17.36	15.22	16.96	12.9
Cash Flow to Net Income	1.36	1.29	1.24	1.43	1.68	1.4	1.29	1.31	1.33	1.44	1.29	1.3	1.3	1.68	1.63
Capital Expenditures	-1,067	-1,070	-1,307	-1,525	-1,556	-1,705	-2,023	-2,063	-2,071	-2,051	-2,454	-2,802	-3,386	-3,499	-3,622