1. United States of America Stocks

  2. •

    Financial Services

  3. •

    Financial - Credit Services
Visa Inc.

Visa Inc.

VISA.NE
Visa Inc.CN flagCBOE CA
29.30
CAD
+0.51
- -
852.41BMarket Cap

Income Statement (USD)

APIChat
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
Sales/Revenue/Turnover
9,188
10,421
11,778
12,702
13,880
15,082
18,358
20,609
22,977
21,846
24,105
29,310
32,653
35,926
40,000
+ Sales & Services Revenue
9,188
10,421
11,778
12,702
13,880
15,082
18,358
20,609
22,977
21,846
24,105
29,310
32,653
35,926
40,000
- Cost of Revenue
1,816
2,140
2,400
2,382
2,553
2,764
3,248
3,856
4,165
4,512
4,970
5,733
6,567
7,042
7,855
+ Cost of Goods & Services
1,816
2,140
2,400
2,382
2,553
2,764
3,248
3,856
4,165
4,512
4,970
5,733
6,567
7,042
7,855
Gross Profit
7,372
8,281
9,378
10,320
11,327
12,318
15,110
16,753
18,812
17,334
19,135
23,577
26,086
28,884
32,145
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
1,909
2,042
2,136
2,170
2,249
2,556
2,947
3,192
3,411
3,242
3,328
3,896
4,159
4,827
5,589
+ Selling, General & Admin
1,621
1,709
1,739
1,735
1,755
2,054
2,391
2,579
2,755
2,475
2,524
3,035
3,216
3,793
4,369
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
288
333
397
435
494
502
556
613
656
767
804
861
943
1,034
1,220
Operating Income (Loss)
5,463
6,239
7,242
8,150
9,078
9,762
12,163
13,561
15,401
14,092
15,807
19,681
21,927
24,057
26,556
- Non-Operating (Income) Loss
-193
4,032
-15
426
83
1,750
469
755
517
302
-256
1,545
890
141
2,362
+ Interest Expense, Net
32
- -
- -
8
3
427
563
612
533
516
513
538
644
641
589
+ Interest Expense
32
- -
- -
8
3
427
563
612
533
516
513
538
644
641
589
- Interest Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Op (Income) Loss
-225
4,032
-15
418
80
1,323
-94
143
-16
-214
-769
1,007
246
-500
1,773
Pretax Income
5,656
2,207
7,257
7,724
8,995
8,012
11,694
12,806
14,884
13,790
16,063
18,136
21,037
23,916
24,194
- Income Tax Expense (Benefit)
2,010
65
2,277
2,286
2,667
2,021
4,995
2,505
2,804
2,924
3,752
3,179
3,764
4,173
4,136
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
3,646
2,142
4,980
5,438
6,328
5,991
6,699
10,301
12,080
10,866
12,311
14,957
17,273
19,743
20,058
- Net Extraordinary Losses (Gains)
-8
-4
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Discontinued Operations
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
-8
-4
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) Incl. MI
3,654
2,146
4,980
5,438
6,328
5,991
6,699
10,301
12,080
10,866
12,311
14,957
17,273
19,743
20,058
- Minority Interest
4
2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
3,650
2,144
4,980
5,438
6,328
5,991
6,699
10,301
12,080
10,866
12,311
14,957
17,273
19,743
20,058
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
3,650
2,144
4,980
5,438
6,328
5,991
6,699
10,301
12,080
10,866
12,311
14,957
17,273
19,743
20,058
EBIT
5,463
6,239
7,242
8,150
9,078
9,762
12,163
13,561
15,401
14,092
15,807
19,681
21,927
24,057
26,556
EBITDA
5,751
6,572
7,639
8,585
9,572
10,264
12,719
14,174
16,057
14,859
16,611
20,542
22,870
25,091
27,776
EBITDA Margin (%)
62.59
63.06
64.86
67.59
68.96
68.05
69.28
68.78
69.88
68.02
68.91
70.09
70.04
69.84
69.44
EBITA
5,463
6,239
7,242
8,150
9,078
9,762
12,163
13,561
15,401
14,092
15,807
19,681
21,927
24,057
26,556
Gross Margin (%)
80.24
79.46
79.62
81.25
81.61
81.67
82.31
81.29
81.87
79.35
79.38
80.44
79.89
80.4
80.36
Operating Margin (%)
59.46
59.87
61.49
64.16
65.4
64.73
66.25
65.8
67.03
64.51
65.58
67.15
67.15
66.96
66.39
Profit Margin (%)
39.73
20.57
42.28
42.81
45.59
39.72
36.49
49.98
52.57
49.74
51.07
51.03
52.9
54.95
50.14
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.01
0.01
0.02
0.03
0.03
0.04
0.05
0.06
0.07
0.09
0.09
0.11
0.13
0.15
0.17
Depreciation Expense
288
333
397
435
494
502
556
613
656
767
804
861
943
1,034
1,220
Basic Weighted Avg Shares
47,468
46,661
37,502
36,004
35,226
34,362
33,109
32,231
31,511
30,805
30,661
29,855
29,379
28,674
27,968
Basic EPS, GAAP
0.08
0.05
0.13
0.15
0.18
0.17
0.2
0.32
0.38
0.35
0.4
0.5
0.59
0.69
0.72
Basic EPS from Cont Ops
0.08
0.05
0.13
0.15
0.18
0.17
0.2
0.32
0.38
0.35
0.4
0.5
0.59
0.69
0.72
Diluted Weighted Avg Shares
58,874
55,533
48,274
43,666
42,470
41,678
41,030
39,964
39,144
38,380
37,819
36,839
36,105
34,549
31,597
Diluted EPS, GAAP
0.06
0.04
0.1
0.12
0.15
0.14
0.16
0.26
0.31
0.28
0.33
0.41
0.48
0.57
0.63
Diluted EPS from Cont Ops
0.06
0.04
0.1
0.12
0.15
0.14
0.16
0.26
0.31
0.28
0.33
0.41
0.48
0.57
0.63

Balance Sheet (USD)

APIChat
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
Total Current Assets
9,190
11,786
7,822
9,562
10,021
14,313
19,023
18,216
20,970
27,645
27,607
30,205
33,532
34,033
37,766
+ Cash, Cash Equivalents & STI
3,398
2,817
4,255
3,950
6,015
8,938
13,438
11,709
12,074
20,041
18,512
18,522
20,128
15,175
18,997
+ Cash & Cash Equivalents
2,127
2,074
2,186
1,971
3,518
5,619
9,874
8,162
7,838
16,289
16,487
15,689
16,286
11,975
17,164
+ ST Investments
1,271
743
2,069
1,979
2,497
3,319
3,564
3,547
4,236
3,752
2,025
2,833
3,842
3,200
1,833
+ Accounts & Notes Receiv
1,084
1,356
1,702
1,699
1,332
2,508
2,554
2,790
4,590
2,882
3,726
3,952
4,474
7,015
7,317
+ Accounts Receivable, Net
560
723
761
822
847
1,041
1,132
1,208
1,542
1,618
1,968
2,020
2,291
2,561
3,126
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
524
633
941
877
485
1,467
1,422
1,582
3,048
1,264
1,758
1,932
2,183
4,454
4,191
+ Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
4,708
7,613
1,865
3,913
2,674
2,867
3,031
3,717
4,306
4,722
5,369
7,731
8,930
11,843
11,452
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
25,570
28,227
28,134
29,007
29,346
49,722
48,954
51,009
51,604
53,274
55,289
55,296
56,967
60,478
61,861
+ Property, Plant & Equip, Net
1,541
1,634
1,732
1,892
1,888
2,150
2,253
2,472
2,695
2,737
2,715
3,223
3,425
3,824
4,236
+ Property, Plant & Equip
2,749
3,081
3,439
3,915
4,283
4,798
5,143
5,697
6,570
7,161
7,674
8,881
8,780
9,297
10,106
- Accumulated Depreciation
1,208
1,447
1,707
2,023
2,395
2,648
2,890
3,225
3,875
4,424
4,959
5,658
5,355
5,473
5,870
+ LT Investments & Receivables
811
3,369
2,790
3,050
3,429
3,931
1,926
4,082
2,157
231
1,705
2,136
1,921
2,545
999
+ LT Investments
811
3,369
2,790
3,050
3,429
3,931
1,926
4,082
2,157
231
1,705
2,136
1,921
2,545
999
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
23,218
23,224
23,612
24,065
24,029
43,641
44,775
44,455
46,752
50,306
50,869
49,937
51,621
54,109
56,626
+ Total Intangible Assets
23,104
23,101
23,032
23,164
23,186
42,300
42,958
42,752
42,436
43,718
43,622
42,852
44,101
45,830
47,525
+ Goodwill
11,668
11,681
11,681
11,753
11,825
15,066
15,110
15,194
15,656
15,910
15,958
17,787
17,997
18,941
19,879
+ Other Intangible Assets
11,436
11,420
11,351
11,411
11,361
27,234
27,848
27,558
26,780
27,808
27,664
25,065
26,104
26,889
27,646
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
114
123
580
901
843
1,341
1,817
1,703
4,316
6,588
7,247
7,085
7,520
8,279
9,101
Total Assets
34,760
40,013
35,956
38,569
39,367
64,035
67,977
69,225
72,574
80,919
82,896
85,501
90,499
94,511
99,627
+ Payables & Accruals
1,317
5,531
1,687
3,218
2,263
3,913
4,293
4,945
6,974
4,664
6,026
8,803
10,410
12,380
13,622
+ Accounts Payable
169
152
184
147
127
203
179
183
156
174
266
340
375
479
555
+ Accrued Taxes
63
58
64
73
75
153
243
- -
- -
- -
- -
- -
- -
- -
- -
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
1,085
5,321
1,439
2,998
2,061
3,557
3,871
4,762
6,818
4,490
5,760
8,463
10,035
11,901
13,067
+ ST Debt
- -
- -
- -
- -
- -
- -
1,749
- -
- -
2,999
999
2,250
- -
- -
5,569
+ ST Borrowings
- -
- -
- -
- -
- -
- -
1,749
- -
- -
2,999
999
2,250
- -
- -
5,569
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Liabilities
2,134
2,423
2,648
2,788
3,092
4,133
3,952
6,360
6,441
6,847
8,714
9,800
12,688
14,137
15,857
+ Deferred Revenue
63
59
60
82
81
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
2,071
2,364
2,588
2,706
3,011
4,133
3,952
6,360
6,441
6,847
8,714
9,800
12,688
14,137
15,857
Total Current Liabilities
3,451
7,954
4,335
6,006
5,355
8,046
9,994
11,305
13,415
14,510
15,739
20,853
23,098
26,517
35,048
+ LT Debt
- -
- -
- -
- -
- -
15,882
16,618
16,630
16,729
21,071
19,978
20,200
20,463
20,836
19,602
+ LT Borrowings
- -
- -
- -
- -
- -
15,882
16,618
16,630
16,729
21,071
19,978
20,200
20,463
20,836
19,602
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Liabilities
4,872
4,429
4,751
5,150
4,170
7,195
8,605
7,284
7,746
9,128
9,590
8,867
8,205
8,021
7,068
+ Accrued Liabilities
4,205
4,058
4,149
4,145
3,273
6,033
7,284
4,618
4,807
5,237
6,128
5,332
5,114
5,301
5,549
+ Pension Liabilities
106
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
561
371
602
1,005
897
1,162
1,321
2,666
2,939
3,891
3,462
3,535
3,091
2,720
1,519
Total Noncurrent Liabilities
4,872
4,429
4,751
5,150
4,170
23,077
25,223
23,914
24,475
30,199
29,568
29,067
28,668
28,857
26,670
Total Liabilities
8,323
12,383
9,086
11,156
9,525
31,123
35,217
35,219
37,890
44,709
45,307
49,920
51,766
55,374
61,718
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
2,285
1,106
3,080
2,324
1,698
1,031
745
+ Share Capital & APIC
19,907
19,992
18,875
18,299
18,073
23,112
22,426
22,148
19,718
20,701
37,710
19,545
20,452
21,229
21,934
+ Common Stock
- -
- -
- -
- -
- -
5,717
5,526
5,470
3,177
3,980
18,855
- -
- -
- -
- -
+ Additional Paid in Capital
19,907
19,992
18,875
18,299
18,073
17,395
16,900
16,678
16,541
16,721
18,855
19,545
20,452
21,229
21,934
- Treasury Stock
- -
- -
- -
- -
- -
170
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Retained Earnings
6,706
7,809
7,974
9,131
11,843
10,462
9,508
11,318
13,502
14,088
15,351
16,116
18,040
17,289
15,106
+ Other Equity
-176
-171
21
-17
-74
-458
878
547
-650
354
436
-2,369
-1,317
-308
248
Equity Before Minority Interest
26,437
27,630
26,870
27,413
29,842
32,912
32,760
34,006
34,684
36,210
37,589
35,581
38,733
39,137
37,909
+ Minority/Non Controlling Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
26,437
27,630
26,870
27,413
29,842
32,912
32,760
34,006
34,684
36,210
37,589
35,581
38,733
39,137
37,909
Total Liabilities & Equity
34,760
40,013
35,956
38,569
39,367
64,035
67,977
69,225
72,574
80,919
82,896
85,501
90,499
94,511
99,627
Shares Outstanding
2,650
2,646
2,522
2,450
2,412
2,329
2,260
2,198
2,152
2,109
2,107
2,086
2,032
1,981
1,933
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Debt
-2,127
-2,074
-2,186
-1,971
-3,518
10,263
8,493
8,468
8,891
7,781
4,490
6,761
4,177
8,861
8,007
Net Debt to Equity
-8.05
-7.51
-8.14
-7.19
-11.79
31.18
25.92
24.9
25.63
21.49
11.94
19
10.78
22.64
21.12
Tangible Common Equity Ratio
28.59
26.78
29.7
27.58
41.13
-43.19
-40.76
-33.04
-33.3
-23.16
-23.2
-22.5
-15.23
-15.87
-19.89
Current Ratio
2.66
1.48
1.8
1.59
1.87
1.78
1.9
1.61
1.56
1.91
1.75
1.45
1.45
1.28
1.08
Cash Conversion Cycle
-10.17
-4.91
-2.56
-2.62
2.36
1.06
0.14
3.59
6.99
13.05
10.99
5.54
4.22
2.52
1.92

Cash Flow Statement (USD)

APIChat
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
+ Net Income
3,646
2,142
4,980
5,438
6,328
5,991
6,699
10,301
12,080
10,866
12,311
14,957
17,273
19,743
20,058
+ Depreciation & Amortization
288
333
397
435
494
502
556
613
656
767
804
861
943
1,034
1,220
+ Non-Cash Items
1,972
4,634
4,006
2,584
3,293
2,603
6,537
4,466
6,351
7,205
8,814
10,688
12,561
14,605
16,953
+ Stock-Based Compensation
154
147
179
172
187
221
235
327
407
416
542
602
765
850
897
+ Deferred Income Taxes
164
-1,690
1,527
-580
195
-764
1,700
-1,277
214
307
873
-336
-483
-100
152
+ Asset Impairment Charge
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
1,654
6,177
2,300
2,992
2,911
3,146
4,602
5,416
5,730
6,482
7,399
10,422
12,279
13,855
15,904
+ Chg in Non-Cash Work Cap
-2,034
-2,100
-6,361
-1,252
-3,531
-3,522
-4,475
-2,439
-6,303
-8,398
-6,702
-7,657
-10,022
-15,432
-15,172
+ (Inc) Dec in Accts Receiv
-55
-270
-383
-40
359
326
40
-293
-1,866
1,815
-811
-494
-410
-2,412
-168
+ (Inc) Dec in Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ (Inc) Dec in Prepaid Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc (Dec) in Accts Payable
-96
-114
-3,136
1,562
-879
-25
260
2,477
2,303
-1,730
1,766
2,854
1,426
1,246
150
+ Inc (Dec) in Other
-1,883
-1,716
-2,842
-2,774
-3,011
-3,823
-4,775
-4,623
-6,740
-8,483
-7,657
-10,017
-11,038
-14,266
-15,154
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
3,872
5,009
3,022
7,205
6,584
5,574
9,317
12,941
12,784
10,440
15,227
18,849
20,755
19,950
23,059
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
2
- -
- -
10
- -
12
14
- -
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
2
- -
- -
10
- -
12
14
- -
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-353
- -
- -
- -
- -
- -
-707
-718
-756
-736
-705
-970
-1,059
-1,257
-1,482
+ Acq of Fixed Prod Assets
-353
- -
- -
- -
- -
- -
-707
-718
-756
-736
-705
-970
-1,059
-1,257
-1,482
+ Acq of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
-2,024
-710
-5,365
-4,118
-2,910
-7,157
-6,891
-7,192
-8,607
-8,114
-8,676
-11,589
-12,101
-16,713
-18,316
+ Increase in Capital Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Decrease in Capital Stock
-2,024
-710
-5,365
-4,118
-2,910
-7,157
-6,891
-7,192
-8,607
-8,114
-8,676
-11,589
-12,101
-16,713
-18,316
+ Net Change in LT Investment
-1,678
-2,037
-693
-239
-938
-1,311
1,732
-2,186
842
2,168
519
-1,498
-922
339
2,956
+ Dec in LT Investment
245
2,115
2,474
2,342
1,937
9,125
5,016
3,636
3,996
4,510
5,701
4,585
3,562
5,013
3,024
+ Inc in LT Investment
-1,923
-4,152
-3,167
-2,581
-2,875
-10,436
-3,284
-5,822
-3,154
-2,342
-5,182
-6,083
-4,484
-4,674
-68
+ Net Cash From Acq & Div
-268
-3
- -
-149
-93
-9,082
-302
-196
-699
-77
-75
-1,948
- -
-915
-887
+ Cash from Divestitures
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
-268
-3
- -
-149
-93
-9,082
-302
-196
-699
-77
-75
-1,948
- -
-915
-887
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
- -
-376
-471
-553
-414
-523
- -
2
22
72
109
128
-25
-93
121
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-2,299
-2,414
-1,164
-941
-1,435
-10,916
735
-3,084
-591
1,427
-152
-4,288
-2,006
-1,926
708
+ Dividends Paid
-423
-595
-864
-1,006
-1,177
-1,350
-1,579
-1,918
-2,269
-2,664
-2,798
-3,203
-3,751
-4,217
-4,634
+ Net Cash From Debt
-54
-6
-6
- -
- -
15,971
2,488
-1,750
- -
7,212
-3,000
2,218
-2,250
- -
3,924
+ Cash From Debt
- -
- -
- -
- -
- -
15,971
2,488
- -
- -
7,212
- -
3,218
- -
- -
3,924
+ Repayments of Debt
-54
-6
-6
- -
- -
- -
- -
-1,750
- -
- -
-3,000
-1,000
-2,250
- -
- -
+ Other Financing Activities
-803
-1,344
4,489
-1,354
484
13
58
70
-1,185
-402
64
-122
330
297
63
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-3,304
-2,655
-1,746
-6,478
-3,603
7,477
-5,924
-10,790
-12,061
-3,968
-14,410
-12,696
-17,772
-20,633
-18,963
Effect of Foreign Exchange Rates
-9
7
- -
-1
1
-34
236
-101
-277
440
-37
-1,287
636
382
420
Net Changes in Cash
-1,731
-60
112
-214
1,546
2,135
4,128
-933
132
7,899
665
1,865
977
-2,609
4,804
EBITDA
5,751
6,572
7,639
8,585
9,572
10,264
12,719
14,174
16,057
14,859
16,611
20,542
22,870
25,091
27,776
EBITDA Margin (%)
62.59
63.06
64.86
67.59
68.96
68.05
69.28
68.78
69.88
68.02
68.91
70.09
70.04
69.84
69.44
Free Cash Flow
3,519
5,009
3,022
7,205
6,584
5,574
8,610
12,223
12,028
9,704
14,522
17,879
19,696
18,693
21,577
Net Cash Paid for Acquisitions
268
3
- -
149
93
9,082
302
196
699
77
75
1,948
- -
915
887
Free Cash Flow to Firm
3,540
5,009
3,022
7,211
6,586
5,893
8,933
12,715
12,461
10,111
14,915
18,323
20,225
19,222
22,065
Free Cash Flow to Equity
3,465
5,005
3,016
7,205
6,594
21,545
11,110
10,487
14,313
15,737
13,496
19,341
16,820
18,026
25,215
Free Cash Flow per Basic Share
0.07
0.11
0.08
0.2
0.19
0.16
0.26
0.38
0.38
0.32
0.47
0.6
0.67
0.65
0.77
Price/Free Cash Flow
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
23.41
27.05
31.52
29.36
Cash Flow to Net Income
1.06
2.34
0.61
1.32
1.04
0.93
1.39
1.26
1.06
0.96
1.24
1.26
1.2
1.01
1.15
Capital Expenditures
-353
- -
- -
- -
- -
- -
-707
-718
-756
-736
-705
-970
-1,059
-1,257
-1,482