United Parcel Service, Inc.

UPS

UPSUnited Parcel Service, Inc. US flag

New York Stock Exchange

108.10

USD

-0.55

- -

91.89BMarket 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	53,105	54,127	55,438	58,232	58,363	61,610	66,585	71,861	74,094	84,628	97,287	100,338	90,958	91,070	88,661
+ Sales & Services Revenue	53,105	54,127	55,438	58,232	58,363	61,610	66,585	71,861	74,094	84,628	97,287	100,338	90,958	91,070	88,661
- Cost of Revenue	42,864	48,534	44,127	48,726	46,059	49,303	54,001	59,372	60,377	69,344	77,007	79,324	73,720	74,714	72,631
+ Cost of Goods & Services	42,864	48,534	44,127	48,726	46,059	49,303	54,001	59,372	60,377	69,344	77,007	79,324	73,720	74,714	72,631
Gross Profit	10,241	5,593	11,311	9,506	12,304	12,307	12,584	12,489	13,717	15,284	20,280	21,014	17,238	16,356	16,030
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	4,161	4,250	4,277	4,538	4,636	4,619	5,055	5,465	5,919	7,600	7,470	7,920	8,097	7,888	8,163
+ Selling, General & Admin	27,575	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-23,414	4,250	4,277	4,538	4,636	4,619	5,055	5,465	5,919	7,600	7,470	7,920	8,097	7,888	8,163
Operating Income (Loss)	6,080	1,343	7,034	4,968	7,668	7,688	7,529	7,024	7,798	7,684	12,810	13,094	9,141	8,468	7,867
- Non-Operating (Income) Loss	304	369	360	331	326	2,567	392	1,005	2,146	5,840	-3,785	-1,731	568	1,026	703
+ Interest Expense, Net	348	393	380	353	341	381	453	605	653	701	694	704	787	866	1,017
+ Interest Expense	348	393	380	353	341	381	453	605	653	701	694	704	787	866	1,017
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-44	-24	-20	-22	-15	2,186	-61	400	1,493	5,139	-4,479	-2,435	-219	160	-314
Pretax Income	5,776	974	6,674	4,637	7,342	5,121	7,137	6,019	5,652	1,844	16,595	14,825	8,573	7,442	7,164
- Income Tax Expense (Benefit)	1,972	167	2,302	1,605	2,498	1,699	2,232	1,228	1,212	501	3,705	3,277	1,865	1,660	1,592
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	3,804	807	4,372	3,032	4,844	3,422	4,905	4,791	4,440	1,343	12,890	11,548	6,708	5,782	5,572
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	3,804	807	4,372	3,032	4,844	3,422	4,905	4,791	4,440	1,343	12,890	11,548	6,708	5,782	5,572
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	3,804	807	4,372	3,032	4,844	3,422	4,905	4,791	4,440	1,343	12,890	11,548	6,708	5,782	5,572
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	3,804	807	4,372	3,032	4,844	3,422	4,905	4,791	4,440	1,343	12,890	11,548	6,708	5,782	5,572
EBIT	6,080	1,343	7,034	4,968	7,668	7,688	7,529	7,024	7,798	7,684	12,810	13,094	9,141	8,468	7,867
EBITDA	7,862	3,201	8,901	6,891	9,752	9,912	9,811	9,231	10,158	10,382	15,763	16,282	12,507	12,077	11,613
EBITDA Margin (%)	14.8	5.91	16.06	11.83	16.71	16.09	14.73	12.85	13.71	12.27	16.2	16.23	13.75	13.26	13.1
EBITA	6,080	1,343	7,034	4,968	7,668	7,688	7,529	7,024	7,798	7,684	12,810	13,094	9,141	8,468	7,867
Gross Margin (%)	19.28	10.33	20.4	16.32	21.08	19.98	18.9	17.38	18.51	18.06	20.85	20.94	18.95	17.96	18.08
Operating Margin (%)	11.45	2.48	12.69	8.53	13.14	12.48	11.31	9.77	10.52	9.08	13.17	13.05	10.05	9.3	8.87
Profit Margin (%)	7.16	1.49	7.89	5.21	8.3	5.55	7.37	6.67	5.99	1.59	13.25	11.51	7.37	6.35	6.28
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	2.04	2.22	2.4	2.58	2.8	2.99	3.18	3.48	3.7	3.89	3.93	5.87	6.25	6.31	6.36
Depreciation Expense	1,782	1,858	1,867	1,923	2,084	2,224	2,282	2,207	2,360	2,698	2,953	3,188	3,366	3,609	3,746
Basic Weighted Avg Shares	981	960	940	916	901	883	871	866	864	867	874	871	859	855	849
Basic EPS, GAAP	3.88	0.84	4.65	3.31	5.38	3.88	5.63	5.53	5.14	1.55	14.75	13.26	7.81	6.76	6.56
Basic EPS from Cont Ops	3.88	0.84	4.65	3.31	5.38	3.88	5.63	5.53	5.14	1.55	14.75	13.26	7.81	6.76	6.56
Diluted Weighted Avg Shares	991	969	948	924	906	887	875	870	869	871	878	875	860	856	850
Diluted EPS, GAAP	3.84	0.83	4.61	3.28	5.35	3.86	5.61	5.51	5.11	1.54	14.68	13.2	7.8	6.75	6.56
Diluted EPS from Cont Ops	3.84	0.83	4.61	3.28	5.35	3.86	5.61	5.51	5.11	1.54	14.68	13.2	7.8	6.75	6.56

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	12,284	15,591	13,387	11,218	13,208	13,849	15,718	16,210	17,103	20,216	24,934	22,217	19,413	19,310	19,045
+ Cash, Cash Equivalents & STI	4,275	7,924	5,245	3,283	4,726	4,567	4,069	5,035	5,741	6,316	10,593	7,595	6,035	6,318	5,887
+ Cash & Cash Equivalents	3,034	7,327	4,665	2,291	2,730	3,476	3,320	4,225	5,238	5,910	10,255	5,602	3,169	6,112	5,887
+ ST Investments	1,241	597	580	992	1,996	1,091	749	810	503	406	338	1,993	2,866	206	- -
+ Accounts & Notes Receiv	6,246	6,111	6,502	6,661	7,134	8,328	10,346	9,898	9,552	10,750	12,541	12,583	11,216	10,871	11,209
+ Accounts Receivable, Net	6,246	6,111	6,502	6,661	7,134	7,695	8,773	8,958	9,552	10,750	12,541	12,583	11,216	10,871	11,209
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	633	1,573	940	- -	- -	- -	- -	- -	- -	- -
+ Inventories	345	393	403	344	308	342	404	421	511	620	717	889	935	826	739
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	345	393	403	344	308	342	404	421	511	620	717	889	935	826	739
+ Other ST Assets	1,418	1,163	1,237	930	1,040	612	899	856	1,299	2,530	1,083	1,150	1,227	1,295	1,210
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	24,222	- -	- -	29,856	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	17,621	17,894	17,961	18,281	18,352	18,800	22,118	26,576	33,338	35,327	37,037	38,474	41,253	41,328	41,994
+ Property, Plant & Equip	36,541	38,041	39,151	40,620	41,918	43,674	48,726	54,488	62,583	65,164	68,371	71,185	75,823	77,445	79,425
- Accumulated Depreciation	18,920	20,147	21,190	22,339	23,566	24,874	26,608	27,912	29,245	29,837	31,334	32,711	34,570	36,117	37,431
+ LT Investments & Receivables	303	307	19	47	31	18	19	19	21	23	23	- -	- -	- -	- -
+ LT Investments	303	307	19	47	31	18	19	19	21	23	23	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-17,924	-18,201	-17,980	5,894	-18,383	-18,818	7,719	-26,595	-33,359	-35,350	-37,060	-38,474	-41,253	-41,328	-41,994
+ Total Intangible Assets	2,686	2,776	2,965	3,031	4,968	5,515	5,836	5,887	5,980	5,641	6,178	7,019	8,177	7,364	9,858
+ Goodwill	2,101	2,173	2,190	2,184	3,419	3,757	3,872	3,811	3,813	3,367	3,692	4,223	4,872	4,300	5,837
+ Other Intangible Assets	585	603	775	847	1,549	1,758	1,964	2,076	2,167	2,274	2,486	2,796	3,305	3,064	4,021
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-20,610	-20,977	-20,945	2,863	-23,351	-24,333	1,883	-32,482	-39,339	-40,991	-43,238	-45,493	-49,430	-48,692	-51,852
Total Assets	34,701	38,863	36,212	35,440	38,311	40,377	45,574	50,016	57,857	62,408	69,405	71,124	70,857	70,070	73,090
+ Payables & Accruals	4,143	4,205	4,803	5,127	4,840	5,359	6,542	8,235	8,107	10,024	11,342	11,564	9,564	9,957	10,348
+ Accounts Payable	2,300	2,278	2,478	2,754	2,587	3,042	3,934	5,188	5,555	6,455	7,523	7,515	6,340	6,302	6,633
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1,843	1,927	2,325	2,373	2,253	2,317	2,608	3,047	2,552	3,569	3,819	4,049	3,224	3,655	3,715
+ ST Debt	33	1,781	48	923	3,018	3,681	4,011	2,805	3,958	3,183	2,711	2,962	4,057	2,571	1,371
+ ST Borrowings	33	1,781	48	923	3,018	3,681	4,011	2,805	3,420	2,623	2,131	2,341	3,348	1,838	608
+ ST Finance Leases	- -	31	39	47	46	46	51	- -	538	560	580	621	709	733	763
+ Other ST Liabilities	2,338	2,404	2,280	2,571	2,838	2,690	2,333	3,047	3,348	3,809	3,516	3,614	4,055	3,913	3,901
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	2,338	2,404	2,280	2,571	2,838	2,690	2,333	3,047	3,348	3,809	3,516	3,614	4,055	3,913	3,901
Total Current Liabilities	6,514	8,390	7,131	8,621	10,696	11,730	12,886	14,087	15,413	17,016	17,569	18,140	17,676	16,441	15,620
+ LT Debt	11,095	11,089	10,824	9,856	11,316	12,394	20,278	19,931	24,209	24,571	22,817	20,559	22,672	23,081	27,219
+ LT Borrowings	11,095	11,089	10,824	9,856	11,316	12,394	20,278	19,931	21,818	22,031	19,784	17,321	18,916	19,446	23,519
+ LT Finance Leases	- -	409	434	458	429	401	449	- -	2,391	2,540	3,033	3,238	3,756	3,635	3,700
+ Other LT Liabilities	9,984	14,651	11,769	14,805	13,808	15,824	11,386	12,961	14,952	20,152	14,750	12,622	13,195	13,805	13,996
+ Accrued Liabilities	1,900	48	1,244	78	115	112	756	1,619	1,632	488	3,125	4,302	3,772	3,595	3,690
+ Pension Liabilities	5,505	11,068	7,051	11,452	10,638	12,694	7,061	8,347	10,601	15,817	8,047	4,807	6,159	6,859	6,567
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	2,579	3,535	3,474	3,275	3,055	3,018	3,569	2,995	2,719	3,847	3,578	3,513	3,264	3,351	3,739
Total Noncurrent Liabilities	21,079	25,740	22,593	24,661	25,124	28,218	31,664	32,892	39,161	44,723	37,567	33,181	35,867	36,886	41,215
Total Liabilities	27,593	34,130	29,724	33,282	35,820	39,948	44,550	46,979	54,574	61,739	55,136	51,321	53,543	53,327	56,835
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	10	10	9	9	9	9	9	9	159	874	1,352	9	9	145	284
+ Common Stock	10	10	9	9	9	9	9	9	9	9	9	9	9	9	9
+ Additional Paid in Capital	- -	- -	- -	- -	- -	- -	- -	- -	150	865	1,343	- -	- -	136	275
- Treasury Stock	88	78	69	59	51	45	37	32	26	20	16	13	9	7	5
+ Retained Earnings	10,128	7,997	6,925	5,726	6,001	4,879	5,852	8,006	9,105	6,896	16,179	21,326	21,055	20,882	20,151
+ Other Equity	-3,103	-3,354	-460	-3,594	-3,540	-4,483	-4,867	-4,994	-5,997	-7,113	-3,278	-1,549	-3,758	-4,309	-4,208
Equity Before Minority Interest	7,035	4,653	6,474	2,141	2,470	405	994	3,021	3,267	657	14,253	19,786	17,306	16,718	16,227
+ Minority/Non Controlling Interest	73	80	14	17	21	24	30	16	16	12	16	17	8	25	28
Total Equity	7,108	4,733	6,488	2,158	2,491	429	1,024	3,037	3,283	669	14,269	19,803	17,314	16,743	16,255
Total Liabilities & Equity	34,701	38,863	36,212	35,440	38,311	40,377	45,574	50,016	57,857	62,408	69,405	71,124	70,857	70,070	73,090
Shares Outstanding	963	953	923	905	886	868	859	858	857	865	870	859	854	854	849
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	440	473	505	475	447	500	- -	2,929	3,100	3,613	3,859	4,465	4,368	4,463
Net Debt	8,094	5,543	6,207	8,488	11,604	12,599	20,969	18,511	20,000	18,744	11,660	14,060	19,095	15,172	18,240
Net Debt to Equity	113.87	117.11	95.67	393.33	465.84	2,936.83	2,047.75	609.52	609.2	2,801.79	81.72	71	110.29	90.62	112.21
Tangible Common Equity Ratio	13.81	5.42	10.6	-2.69	-7.43	-14.59	-12.11	-6.46	-5.2	-8.76	12.8	19.94	14.58	14.96	10.12
Current Ratio	1.89	1.86	1.88	1.3	1.23	1.18	1.22	1.15	1.11	1.19	1.42	1.22	1.1	1.17	1.22
Cash Conversion Cycle	24.22	27.24	25.15	24.43	24.54	25.51	24.11	19.53	15.98	15.2	13.78	14.87	17.99	17.64	16.84

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	3,804	807	4,372	3,032	4,844	3,422	4,905	4,791	4,440	1,343	12,890	11,548	6,708	5,782	5,572
+ Depreciation & Amortization	1,782	1,858	1,867	1,923	2,084	2,224	2,282	2,207	2,360	2,698	2,953	3,188	3,366	3,609	3,746
+ Non-Cash Items	1,263	4,419	1,099	483	756	1,521	-4,258	3,671	1,703	5,337	-172	-263	536	475	129
+ Stock-Based Compensation	524	547	513	536	574	591	584	634	915	796	878	1,568	220	24	73
+ Deferred Income Taxes	314	-2,083	-246	385	540	117	1,224	758	100	-858	1,645	531	199	-15	-8
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	425	5,955	832	-438	-358	813	-6,066	2,279	688	5,399	-2,695	-2,362	117	466	64
+ Chg in Non-Cash Work Cap	224	132	-34	288	-254	-694	-1,450	2,042	136	1,081	-664	-369	-372	256	-997
+ (Inc) Dec in Accts Receiv	-657	-124	-515	-523	-452	-704	-1,022	-421	-717	-1,562	-2,147	-322	1,256	-566	-382
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	588	40	634	382	-210	551	799	1,539	-27	2,535	1,020	-155	-1,673	763	-163
+ Inc (Dec) in Other	293	216	-153	429	408	-541	-1,227	924	880	108	463	108	45	59	-452
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	7,073	7,216	7,304	5,726	7,430	6,473	1,479	12,711	8,639	10,459	15,007	14,104	10,238	10,122	8,450
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	27	95	104	53	26	88	24	37	65	40	872	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	27	95	104	53	26	88	24	37	65	40	872	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	290	301	491	274	249	245	247	240	218	285	251	262	248	232	159
+ Increase in Capital Stock	290	301	491	274	249	245	247	240	218	285	251	262	248	232	159
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-413	628	9	-419	-1,027	911	360	-87	322	106	54	-1,651	-820	2,672	203
+ Dec in LT Investment	4,490	2,985	2,957	3,106	6,388	5,724	1,990	886	883	360	366	255	2,701	2,748	293
+ Inc in LT Investment	-4,903	-2,357	-2,948	-3,525	-7,415	-4,813	-1,630	-973	-561	-254	-312	-1,906	-3,521	-76	-90
+ Net Cash From Acq & Div	- -	-100	-22	-88	-1,904	-547	-134	-2	-6	20	270	-743	-1,136	1,044	-1,268
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	40	872	12	193	1,115	700
+ Cash for Acq of Subs	- -	-100	-22	-88	-1,904	-547	-134	-2	-6	-20	-602	-755	-1,329	-71	-1,968
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-2,151	-1,958	-2,205	-2,347	-2,404	-3,015	-5,221	-6,278	-6,442	-5,449	-5,014	-5,078	-5,177	-3,933	-3,670
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-2,537	-1,335	-2,114	-2,801	-5,309	-2,563	-4,971	-6,330	-6,061	-5,283	-3,818	-7,472	-7,133	-217	-4,735
+ Dividends Paid	-1,997	-2,130	-2,260	-2,366	-2,525	-2,643	-2,771	-3,011	-3,194	-3,374	-3,437	-5,114	-5,372	-5,399	-5,398
+ Net Cash From Debt	88	1,729	-1,775	-169	1,059	2,122	8,077	-1,685	2,109	1,611	-2,773	-2,304	1,000	298	2,084
+ Cash From Debt	279	1,745	100	1,525	3,783	5,927	12,016	1,202	5,205	5,003	- -	- -	3,429	2,785	4,153
+ Repayments of Debt	-191	-16	-1,875	-1,694	-2,724	-3,805	-3,939	-2,887	-3,096	-3,392	-2,773	-2,304	-2,429	-2,487	-2,069
+ Other Financing Activities	-3,243	-1,717	-4,263	-2,900	-348	-2,864	-2,266	-1,236	-860	-3,039	-864	-4,029	-1,410	-1,981	-986
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-4,862	-1,817	-7,807	-5,161	-1,565	-3,140	3,287	-5,692	-1,727	-4,517	-6,823	-11,185	-5,534	-6,850	-4,141
Effect of Foreign Exchange Rates	-10	229	-45	-138	-117	-21	53	-91	20	13	-21	-100	33	-149	201
Net Changes in Cash	-326	4,064	-2,617	-2,236	556	770	-205	689	851	659	4,366	-4,553	-2,429	3,055	-426
EBITDA	7,862	3,201	8,901	6,891	9,752	9,912	9,811	9,231	10,158	10,382	15,763	16,282	12,507	12,077	11,613
EBITDA Margin (%)	14.8	5.91	16.06	11.83	16.71	16.09	14.73	12.85	13.71	12.27	16.2	16.23	13.75	13.26	13.1
Free Cash Flow	7,073	7,216	7,304	5,726	7,430	6,473	1,479	12,711	8,639	10,459	15,007	14,104	10,238	10,122	8,450
Net Cash Paid for Acquisitions	- -	100	22	88	1,904	547	134	2	6	-20	-270	743	1,136	-1,044	1,268
Free Cash Flow to Firm	7,302	7,542	7,553	5,957	7,655	6,728	1,790	13,193	9,152	10,970	15,546	14,652	10,854	10,795	9,241
Free Cash Flow to Equity	7,188	9,040	5,633	5,610	8,515	8,683	9,580	11,063	10,813	12,110	13,106	11,800	11,238	10,420	10,534
Free Cash Flow per Basic Share	7.21	7.52	7.77	6.25	8.25	7.33	1.7	14.68	10	12.06	17.17	16.19	11.92	11.84	9.95
Price/Free Cash Flow	10.25	9.9	13.64	17.94	11.73	15.71	70.49	6.68	11.78	14.02	12.54	10.78	13.21	10.66	9.98
Cash Flow to Net Income	1.86	8.94	1.67	1.89	1.53	1.89	0.3	2.65	1.95	7.79	1.16	1.22	1.53	1.75	1.52
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -