Veeva Systems Inc.

VEEV

VEEVVeeva Systems Inc. US flag

New York Stock Exchange

186.24

USD

+6.66

- -

30.25BMarket Cap

Income Statement (USD)

API ChatGPT

	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	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Sales/Revenue/Turnover	61	130	210	313	409	551	691	862	1,104	1,465	1,851	2,155	2,364	2,747	3,195
+ Sales & Services Revenue	61	130	210	313	409	551	691	862	1,104	1,465	1,851	2,155	2,364	2,747	3,195
- Cost of Revenue	29	57	83	116	142	174	211	245	303	409	504	609	677	700	782
+ Cost of Goods & Services	29	57	83	116	142	174	211	245	303	409	504	609	677	700	782
Gross Profit	32	73	128	198	267	377	479	617	801	1,056	1,347	1,546	1,686	2,047	2,413
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	26	42	88	128	188	256	321	394	514	678	842	1,087	1,257	1,356	1,497
+ Selling, General & Admin	18	28	62	86	122	159	189	235	305	384	460	566	628	662	730
+ Research & Development	8	15	26	41	66	97	132	159	210	294	382	520	629	693	767
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	7	30	39	70	79	121	158	223	286	378	505	459	429	691	916
- Non-Operating (Income) Loss	- -	1	1	3	- -	-2	-8	-16	-27	-16	-7	-50	-159	-228	-278
+ Interest Expense, Net	- -	- -	-1	-4	-5	-4	-8	-15	-25	-16	-15	-46	-134	-208	-267
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	1	4	5	4	8	15	25	16	15	46	134	208	267
+ Other Non-Op (Income) Loss	- -	1	1	6	5	3	1	- -	-2	- -	8	-4	-25	-20	-11
Pretax Income	7	29	38	67	79	122	166	239	314	394	512	509	588	919	1,195
- Income Tax Expense (Benefit)	2	10	15	27	24	45	15	9	13	14	85	21	62	205	286
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	4	19	24	40	54	78	151	230	301	380	427	488	526	714	909
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	4	19	24	40	54	78	151	230	301	380	427	488	526	714	909
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	4	19	24	40	54	78	151	230	301	380	427	488	526	714	909
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	4	19	24	40	54	78	151	230	301	380	427	488	526	714	909
EBIT	7	30	39	70	79	121	158	223	286	378	505	459	429	691	916
EBITDA	7	31	42	74	87	135	172	237	306	407	533	488	462	731	954
EBITDA Margin (%)	11.5	23.79	19.85	23.59	21.27	24.43	24.94	27.48	27.72	27.8	28.8	22.65	19.54	26.61	29.87
EBITA	7	30	39	70	79	121	158	223	286	378	505	459	429	691	916
Gross Margin (%)	52.57	55.99	60.69	63.07	65.25	68.45	69.38	71.55	72.52	72.09	72.79	71.72	71.35	74.53	75.53
Operating Margin (%)	10.84	23.18	18.7	22.34	19.2	21.92	22.87	25.85	25.92	25.79	27.31	21.3	18.16	25.17	28.68
Profit Margin (%)	6.9	14.5	11.24	12.89	13.31	14.09	21.89	26.66	27.27	25.94	23.09	22.63	22.24	26	28.44
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	1	2	4	8	14	14	14	20	29	27	29	33	39	38
Basic Weighted Avg Shares	108	108	52	128	132	136	140	144	148	151	153	155	161	162	164
Basic EPS, GAAP	0.04	0.17	0.46	0.32	0.41	0.57	1.08	1.59	2.04	2.52	2.79	3.14	3.27	4.41	5.55
Basic EPS from Cont Ops	0.04	0.17	0.46	0.32	0.41	0.57	1.08	1.59	2.04	2.52	2.79	3.14	3.27	4.41	5.55
Diluted Weighted Avg Shares	121	121	129	144	145	148	154	156	158	161	162	162	163	165	167
Diluted EPS, GAAP	0.04	0.16	0.18	0.28	0.38	0.53	0.98	1.47	1.9	2.36	2.63	3	3.22	4.32	5.44
Diluted EPS from Cont Ops	0.04	0.16	0.18	0.28	0.38	0.53	0.98	1.47	1.9	2.36	2.63	3	3.22	4.32	5.44

Balance Sheet (USD)

API ChatGPT

	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	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Total Current Assets	40	87	354	502	501	712	1,012	1,433	1,531	2,311	3,107	3,969	5,003	6,309	7,998
+ Cash, Cash Equivalents & STI	17	46	288	398	346	519	762	1,090	1,087	1,664	2,376	3,103	4,028	5,150	6,561
+ Cash & Cash Equivalents	17	32	263	129	132	218	320	551	477	731	1,138	886	703	1,119	1,421
+ ST Investments	- -	14	26	269	214	301	442	539	610	933	1,238	2,216	3,324	4,031	5,140
+ Accounts & Notes Receiv	22	38	58	93	145	183	238	322	423	612	694	785	889	1,057	1,310
+ Accounts Receivable, Net	21	37	58	93	145	183	225	303	390	564	631	703	852	1,016	1,260
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1	1	- -	- -	- -	- -	13	18	33	47	63	82	36	41	51
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	2	7	11	10	10	12	22	22	36	37	81	87	101	126
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	2	3	17	43	205	206	218	220	741	735	709	835	908	1,031	982
+ Property, Plant & Equip, Net	1	1	2	28	47	50	52	55	104	111	104	105	104	120	146
+ Property, Plant & Equip	1	2	4	31	52	59	65	71	129	140	134	137	141	151	180
- Accumulated Depreciation	- -	1	1	2	4	9	13	16	25	30	30	32	37	31	34
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1	2	14	15	157	156	166	165	637	625	605	730	804	911	836
+ Total Intangible Assets	1	1	13	11	143	135	127	120	573	551	542	522	503	484	470
+ Goodwill	- -	- -	5	5	96	96	96	96	439	436	440	440	440	440	440
+ Other Intangible Assets	1	1	8	6	48	39	31	25	135	115	102	82	63	44	30
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	1	1	4	14	21	38	45	64	74	63	207	301	427	366
Total Assets	41	90	370	545	706	917	1,230	1,654	2,272	3,046	3,816	4,804	5,911	7,340	8,979
+ Payables & Accruals	8	15	10	16	16	21	22	29	47	57	82	109	100	75	90
+ Accounts Payable	2	3	2	4	5	6	7	9	19	23	20	42	32	30	38
+ Accrued Taxes	- -	5	3	5	2	6	5	7	11	16	27	30	33	9	7
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	6	6	5	7	9	10	10	13	17	17	35	37	35	36	46
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	10	12	11	11	9	10	12
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	10	12	11	11	9	10	12
+ Other ST Liabilities	19	40	77	119	170	226	284	372	495	647	748	886	1,070	1,313	1,535
+ Deferred Revenue	18	39	67	113	157	214	267	356	469	617	732	869	1,050	1,274	1,489
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1	1	9	6	12	12	17	15	26	30	16	17	20	39	46
Total Current Liabilities	26	54	87	136	186	247	306	401	551	716	841	1,007	1,179	1,398	1,637
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	45	51	44	50	46	66	84
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	45	51	44	50	46	66	84
+ Other LT Liabilities	1	2	4	3	14	18	18	15	10	12	20	32	41	43	44
+ Accrued Liabilities	- -	- -	2	- -	11	13	11	6	2	2	2	1	2	1	1
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1	1	2	2	4	5	7	9	8	11	18	30	39	43	43
Total Noncurrent Liabilities	1	2	4	3	14	18	18	15	55	64	64	81	87	109	128
Total Liabilities	27	56	90	138	201	265	324	416	606	780	905	1,088	1,266	1,507	1,765
+ Preferred Equity and Hybrid Capital	7	7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1	2	232	318	362	440	515	618	745	966	1,197	1,533	1,915	2,386	2,843
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	1	2	232	318	362	440	515	618	745	966	1,197	1,533	1,915	2,386	2,843
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	6	25	49	89	143	213	389	619	920	1,300	1,727	2,215	2,740	3,455	4,364
+ Other Equity	- -	- -	- -	- -	- -	- -	2	1	- -	1	-12	-31	-11	-8	8
Equity Before Minority Interest	14	34	280	407	505	653	906	1,238	1,666	2,266	2,912	3,716	4,645	5,832	7,215
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	14	34	280	407	505	653	906	1,238	1,666	2,266	2,912	3,716	4,645	5,832	7,215
Total Liabilities & Equity	41	90	370	545	706	917	1,230	1,654	2,272	3,046	3,816	4,804	5,911	7,340	8,979
Shares Outstanding	122	122	125	131	134	138	142	146	149	152	154	158	161	163	164
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	55	63	55	61	56	76	96
Net Debt	-17	-32	-263	-129	-132	-218	-320	-551	-477	-731	-1,138	-886	-703	-1,119	-1,421
Net Debt to Equity	-119.69	-93.89	-93.72	-31.77	-26.16	-33.34	-35.33	-44.51	-28.62	-32.23	-39.09	-23.85	-15.15	-19.18	-19.7
Tangible Common Equity Ratio	16.12	29.41	74.75	74.14	64.35	66.16	70.62	72.87	64.31	68.75	72.37	74.59	76.59	78.01	79.26
Current Ratio	1.51	1.6	4.08	3.7	2.69	2.88	3.31	3.57	2.78	3.23	3.7	3.94	4.24	4.51	4.89
Cash Conversion Cycle	51.77	65.7	70.9	78.56	95.01	97.8	96.79	99.84	97.41	99.8	102.09	94.41	100.36	107.99	114.11

Cash Flow Statement (USD)

API ChatGPT

	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	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

+ Net Income	4	19	24	40	54	78	151	230	301	380	427	488	526	714	909
+ Depreciation & Amortization	- -	1	2	4	8	14	14	14	20	29	27	29	33	39	38
+ Non-Cash Items	1	1	6	12	21	56	73	84	135	217	289	256	292	329	560
+ Stock-Based Compensation	- -	1	7	14	24	41	54	76	116	185	235	352	394	437	473
+ Deferred Income Taxes	1	-1	-2	-4	-6	-1	1	-8	-7	-1	11	-128	-105	-112	65
+ Asset Impairment Charge	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	2	3	16	18	16	25	34	43	32	3	4	22
+ Chg in Non-Cash Work Cap	-1	11	10	11	-4	-3	-5	-17	-18	-76	21	7	61	8	-92
+ (Inc) Dec in Accts Receiv	-13	-17	-20	-34	-47	-40	-52	-84	-70	-188	-83	-91	-104	-169	-255
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	-3	-5	- -	1	-2	-11	-3	-12	-3	-47	- -	-17	-34
+ Inc (Dec) in Accts Payable	4	7	4	4	2	2	6	3	-11	12	12	28	-8	-6	7
+ Inc (Dec) in Other	7	21	29	46	41	33	43	74	66	114	95	118	172	200	190
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	5	31	42	68	80	144	233	311	437	551	764	780	911	1,090	1,415
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-2	-3	-27	-22	-7	-10	-8	-3	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-1	-1	-2	-27	-21	-7	-10	-8	-3	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	-1	-1	-1	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	215	34	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-170
+ Increase in Capital Stock	- -	- -	215	34	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-170
+ Net Change in LT Investment	- -	-14	-12	-245	52	-89	-143	-94	-64	-325	-324	-994	-1,050	-680	-1,075
+ Dec in LT Investment	- -	- -	10	157	365	226	295	632	688	654	793	1,003	1,648	1,902	2,058
+ Inc in LT Investment	- -	-14	-21	-402	-313	-315	-438	-726	-753	-979	-1,117	-1,997	-2,698	-2,582	-3,133
+ Net Cash From Acq & Div	- -	- -	-12	- -	-126	- -	- -	- -	-448	- -	-8	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-12	- -	-126	- -	- -	- -	-448	- -	-8	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	-1	-2	-1	-1	-9	-14	-14	-26	-21	-29
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-2	-16	-27	-272	-97	-97	-155	-104	-517	-334	-346	-1,008	-1,076	-700	-1,104
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	1	1	37	19	38	21	26	11	35	-4	-19	-16	26	161
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	1	215	71	19	38	21	26	10	34	-4	-19	-16	26	-9
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	3	-2	-3	- -	-5	-5	-2	-2	1
Net Changes in Cash	3	15	231	-133	3	85	100	233	-70	251	414	-247	-181	416	302
EBITDA	7	31	42	74	87	135	172	237	306	407	533	488	462	731	954
EBITDA Margin (%)	11.5	23.79	19.85	23.59	21.27	24.43	24.94	27.48	27.72	27.8	28.8	22.65	19.54	26.61	29.87
Free Cash Flow	4	29	39	41	58	137	224	302	434	551	764	780	911	1,090	1,415
Net Cash Paid for Acquisitions	- -	- -	12	- -	126	- -	- -	- -	448	- -	8	- -	- -	- -	- -
Free Cash Flow to Firm	4	29	39	41	58	137	224	302	434	551	764	780	911	1,090	1,415
Free Cash Flow to Equity	11	30	33	41	59	137	224	302	433	550	764	780	911	1,090	1,415
Free Cash Flow per Basic Share	0.03	0.27	0.75	0.32	0.44	1.01	1.6	2.1	2.94	3.66	4.99	5.02	5.68	6.73	8.65
Price/Free Cash Flow	- -	- -	91.87	44.07	34.3	41.39	39.74	53.33	52.69	80.6	50.21	35.5	37.21	35.36	24.06
Cash Flow to Net Income	1.12	1.64	1.77	1.67	1.47	1.86	1.54	1.35	1.45	1.45	1.79	1.6	1.73	1.53	1.56
Capital Expenditures	-1	-2	-3	-27	-22	-7	-10	-8	-3	- -	- -	- -	- -	- -	- -