Waters Corporation

WAT

WATWaters Corporation US flag

New York Stock Exchange

362.03

USD

-6.95

- -

23.60BMarket Cap

Income Statement (USD)

API ChatGPT

	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	1,851	1,844	1,904	1,989	2,042	2,167	2,309	2,420	2,407	2,365	2,786	2,972	2,956	2,958	3,165
+ Sales & Services Revenue	1,851	1,844	1,904	1,989	2,042	2,167	2,309	2,420	2,407	2,365	2,786	2,972	2,956	2,958	3,165
- Cost of Revenue	730	738	783	825	843	891	947	993	1,011	1,007	1,157	1,248	1,195	1,200	1,289
+ Cost of Goods & Services	730	738	783	825	843	891	947	993	1,011	1,007	1,157	1,248	1,195	1,200	1,289
Gross Profit	1,121	1,106	1,121	1,164	1,200	1,276	1,362	1,427	1,396	1,359	1,629	1,724	1,761	1,758	1,876
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	592	587	603	631	624	647	684	688	687	705	802	841	944	920	1,074
+ Selling, General & Admin	490	477	493	513	496	512	544	537	535	554	627	658	736	690	830
+ Research & Development	92	96	101	108	119	125	133	143	143	141	168	176	175	183	196
+ Other Operating Expense	10	14	10	11	10	10	7	8	10	11	7	6	33	47	48
Operating Income (Loss)	529	519	517	533	575	629	678	739	708	654	827	883	818	838	803
- Non-Operating (Income) Loss	19	31	27	43	33	28	37	57	30	43	21	45	81	83	48
+ Interest Expense, Net	19	24	26	27	26	24	21	10	27	33	33	38	82	72	51
+ Interest Expense	22	28	30	34	36	45	57	49	49	49	45	49	99	90	70
- Interest Income	3	4	4	7	11	21	36	39	22	16	12	11	17	17	19
+ Other Non-Op (Income) Loss	- -	7	2	15	8	4	16	47	4	10	-12	8	-1	11	-3
Pretax Income	509	488	490	491	542	600	641	682	678	611	806	838	736	755	755
- Income Tax Expense (Benefit)	76	26	40	59	73	79	621	88	86	89	113	130	94	117	112
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	433	461	450	432	469	522	20	594	592	522	693	708	642	638	643
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	433	461	450	432	469	522	20	594	592	522	693	708	642	638	643
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	433	461	450	432	469	522	20	594	592	522	693	708	642	638	643
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	433	461	450	432	469	522	20	594	592	522	693	708	642	638	643
EBIT	529	519	517	533	575	629	678	739	708	654	827	883	818	838	803
EBITDA	595	588	597	628	665	725	784	848	814	779	959	1,014	984	1,030	1,009
EBITDA Margin (%)	32.14	31.88	31.35	31.55	32.57	33.45	33.97	35.03	33.81	32.93	34.41	34.11	33.27	34.81	31.87
EBITA	529	519	517	533	575	629	678	739	708	654	827	883	818	838	803
Gross Margin (%)	60.54	59.99	58.86	58.53	58.74	58.87	58.99	58.98	58	57.44	58.49	58	59.57	59.43	59.28
Operating Margin (%)	28.55	28.15	27.17	26.81	28.17	29	29.38	30.55	29.44	27.63	29.68	29.72	27.66	28.32	25.36
Profit Margin (%)	23.39	25.03	23.63	21.7	22.97	24.06	0.88	24.54	24.61	22.05	24.87	23.81	21.72	21.56	20.3
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	66	69	80	94	90	96	106	108	105	125	132	130	166	192	206
Basic Weighted Avg Shares	91	88	85	84	82	81	80	77	68	62	62	60	59	59	60
Basic EPS, GAAP	4.77	5.25	5.27	5.12	5.7	6.46	0.25	7.71	8.76	8.4	11.25	11.8	10.87	10.75	10.8
Basic EPS from Cont Ops	4.77	5.25	5.27	5.12	5.7	6.46	0.25	7.71	8.76	8.4	11.25	11.8	10.87	10.75	10.8
Diluted Weighted Avg Shares	92	89	87	85	83	81	81	78	68	62	62	60	59	60	60
Diluted EPS, GAAP	4.69	5.19	5.2	5.07	5.65	6.41	0.25	7.65	8.69	8.36	11.17	11.73	10.84	10.71	10.76
Diluted EPS from Cont Ops	4.69	5.19	5.2	5.07	5.65	6.41	0.25	7.65	8.69	8.36	11.17	11.73	10.84	10.71	10.76

Balance Sheet (USD)

API ChatGPT

	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	1,942	2,258	2,556	2,817	3,214	3,635	4,270	2,663	1,312	1,401	1,629	1,764	1,753	1,669	2,148
+ Cash, Cash Equivalents & STI	1,281	1,539	1,804	2,055	2,399	2,813	3,394	1,735	337	443	569	481	396	326	588
+ Cash & Cash Equivalents	384	481	441	422	488	506	642	796	336	437	501	481	395	325	588
+ ST Investments	897	1,058	1,363	1,633	1,912	2,307	2,751	939	1	6	68	1	1	1	- -
+ Accounts & Notes Receiv	367	405	431	434	468	489	534	568	588	573	613	723	702	733	829
+ Accounts Receivable, Net	367	405	431	434	468	489	534	568	588	573	613	723	702	733	829
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	213	230	243	246	263	263	270	292	321	304	356	456	516	477	572
+ Raw Materials	72	73	77	85	89	95	99	112	127	133	165	206	234	227	235
+ Work In Process	12	16	20	17	21	17	15	16	15	19	20	20	20	22	28
+ Finished Goods	129	140	146	145	154	151	156	164	178	152	171	230	262	228	310
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	81	85	79	82	83	70	72	68	67	80	91	104	138	132	159
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	781	910	1,026	1,058	1,055	1,027	1,054	1,064	1,245	1,439	1,466	1,518	2,874	2,885	2,929
+ Property, Plant & Equip, Net	237	273	325	322	333	337	349	343	511	587	633	669	724	725	723
+ Property, Plant & Equip	518	587	659	685	705	769	838	872	1,081	1,221	1,306	1,371	1,476	1,455	1,563
- Accumulated Depreciation	281	314	334	363	371	431	489	529	570	634	674	702	752	729	840
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	544	637	701	736	722	689	705	721	734	852	833	849	2,150	2,159	2,206
+ Total Intangible Assets	489	537	589	585	575	559	588	603	596	703	680	658	1,935	1,864	1,898
+ Goodwill	297	317	350	355	357	352	360	356	356	444	438	430	1,305	1,296	1,340
+ Other Intangible Assets	192	220	239	230	218	207	228	247	240	259	242	227	629	568	558
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	55	100	112	151	147	130	117	119	138	149	153	191	216	296	308
Total Assets	2,723	3,168	3,583	3,875	4,269	4,662	5,324	3,727	2,557	2,840	3,095	3,281	4,627	4,554	5,077
+ Payables & Accruals	78	128	98	94	99	96	151	103	107	160	169	238	217	270	152
+ Accounts Payable	55	55	65	66	71	68	65	68	49	72	97	93	85	100	104
+ Accrued Taxes	9	61	20	15	15	15	73	23	46	77	61	133	120	159	36
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	13	12	13	13	13	13	13	12	12	11	11	12	12	12	12
+ ST Debt	291	133	133	225	175	125	100	- -	127	178	28	76	78	26	491
+ ST Borrowings	291	133	133	225	175	125	100	- -	100	150	- -	50	50	- -	460
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	27	28	28	26	28	26	31
+ Other ST Liabilities	233	243	256	261	290	299	355	345	357	467	484	472	495	494	597
+ Deferred Revenue	110	121	128	130	142	149	167	165	176	198	228	228	257	251	267
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	123	122	128	131	148	150	188	180	181	269	256	244	238	243	330
Total Current Liabilities	602	504	488	580	564	520	606	449	591	805	681	786	790	790	1,239
+ LT Debt	700	1,045	1,190	1,237	1,493	1,702	1,898	1,148	1,648	1,275	1,573	1,587	2,364	1,677	1,000
+ LT Borrowings	700	1,045	1,190	1,237	1,493	1,702	1,898	1,148	1,581	1,207	1,514	1,525	2,306	1,626	947
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	67	68	60	62	59	50	53
+ Other LT Liabilities	195	152	142	162	153	138	587	563	534	528	473	404	322	259	276
+ Accrued Liabilities	73	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	93	101	75	85	77	73	67	56	59	73	64	38	48	45	44
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	29	50	67	77	76	65	520	507	475	455	409	366	275	214	232
Total Noncurrent Liabilities	895	1,197	1,332	1,400	1,646	1,840	2,484	1,711	2,182	1,803	2,047	1,991	2,687	1,936	1,276
Total Liabilities	1,497	1,701	1,819	1,980	2,210	2,360	3,091	2,160	2,773	2,608	2,727	2,777	3,477	2,725	2,515
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1,091	1,157	1,272	1,394	1,492	1,609	1,747	1,836	1,928	2,031	2,117	2,201	2,268	2,343	2,418
+ Common Stock	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
+ Additional Paid in Capital	1,090	1,156	1,271	1,392	1,490	1,607	1,745	1,835	1,927	2,029	2,115	2,200	2,266	2,341	2,416
- Treasury Stock	2,880	3,176	3,478	3,815	4,150	4,476	4,808	6,146	8,613	8,789	9,438	10,064	10,134	10,148	10,162
+ Retained Earnings	3,051	3,513	3,963	4,395	4,864	5,385	5,405	5,995	6,587	7,108	7,801	8,509	9,151	9,789	10,431
+ Other Equity	-36	-26	6	-79	-147	-216	-110	-118	-119	-118	-112	-142	-134	-155	-125
Equity Before Minority Interest	1,227	1,467	1,763	1,895	2,059	2,302	2,234	1,567	-216	232	368	504	1,150	1,829	2,561
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	1,227	1,467	1,763	1,895	2,059	2,302	2,234	1,567	-216	232	368	504	1,150	1,829	2,561
Total Liabilities & Equity	2,723	3,168	3,583	3,875	4,269	4,662	5,324	3,727	2,557	2,840	3,095	3,281	4,627	4,554	5,077
Shares Outstanding	89	86	85	83	81	80	79	73	63	62	61	59	59	59	60
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	94	96	88	89	87	76	84
Net Debt	607	697	883	1,041	1,181	1,322	1,355	352	1,345	920	1,013	1,094	1,960	1,301	820
Net Debt to Equity	49.47	47.48	50.05	54.92	57.35	57.41	60.68	22.46	-622.08	396.23	275.51	216.92	170.42	71.16	32
Tangible Common Equity Ratio	33.01	35.36	39.21	39.82	40.17	42.48	34.75	30.87	-41.44	-22.03	-12.95	-5.84	-29.13	-1.31	20.86
Current Ratio	3.23	4.48	5.24	4.85	5.7	6.99	7.04	5.93	2.22	1.74	2.39	2.24	2.22	2.11	1.73
Cash Conversion Cycle	146.16	159.23	162.7	158.77	162.08	160	158.28	162.54	177.63	180.52	156.37	174.97	210.51	210.61	211.84

Cash Flow Statement (USD)

API ChatGPT

	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	433	461	450	432	469	522	20	594	592	522	693	708	642	638	643
+ Depreciation & Amortization	66	69	80	94	90	96	106	108	105	125	132	130	166	192	206
+ Non-Cash Items	25	-21	36	58	56	55	620	34	45	41	37	21	35	44	37
+ Stock-Based Compensation	28	29	32	33	33	41	39	38	39	37	30	43	37	45	54
+ Deferred Income Taxes	-6	-52	- -	2	7	1	46	2	10	-3	17	-32	-1	-1	-15
+ Asset Impairment Charge	- -	- -	- -	5	- -	- -	- -	- -	- -	7	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	3	2	4	19	16	12	535	-6	-3	- -	-10	10	-1	- -	-2
+ Chg in Non-Cash Work Cap	-27	-60	-80	-72	-42	-30	-49	-132	-99	102	-114	-247	-240	-111	-233
+ (Inc) Dec in Accts Receiv	-13	-40	-35	-29	-50	-32	-24	-48	-22	37	-62	-138	49	-66	-55
+ (Inc) Dec in Inventories	-9	-11	-11	-16	-20	-20	1	-25	-32	19	-67	-102	-45	21	-66
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-12	1	-28	-14	27	7	3	-82	10	141	46	61	-80	62	-89
+ Inc (Dec) in Other	6	-10	-6	-13	- -	15	-29	23	-55	-95	-31	-68	-164	-128	-23
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	497	449	485	512	573	643	698	604	643	791	747	612	603	762	653
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	2	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	2	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-85	-105	-118	-106	-103	-95	-90	-96	-164	-172	-168	-183	-161	-142	-113
+ Acq of Fixed Prod Assets	-85	-105	-118	-91	-100	-95	-85	-96	-164	-172	-161	-176	-161	-142	-113
+ Acq of Intangible Assets	- -	- -	- -	-15	-3	- -	-5	- -	- -	- -	-7	-8	- -	- -	- -
+ Cash (Repurchase) of Equity	-311	-296	-302	-337	-335	-326	-333	-1,315	-2,469	-196	-649	-626	-70	-14	-15
+ Increase in Capital Stock	60	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-371	-296	-302	-337	-335	-326	-333	-1,315	-2,469	-196	-649	-626	-70	-14	-15
+ Net Change in LT Investment	-259	-161	-305	-270	-278	-391	-445	1,818	933	-11	-62	67	- -	1	- -
+ Dec in LT Investment	1,490	1,655	2,667	1,926	1,732	2,005	2,522	2,825	978	21	218	78	2	5	- -
+ Inc in LT Investment	-1,749	-1,816	-2,972	-2,196	-2,010	-2,396	-2,967	-1,006	-46	-32	-280	-11	-2	-4	- -
+ Net Cash From Acq & Div	-11	-31	-41	-27	-23	-6	- -	-39	- -	-81	-2	- -	-1,282	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-11	-31	-41	-27	-23	-6	- -	-39	- -	-81	-2	- -	-1,282	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	4	- -	- -	- -	- -	- -	9	1	-1	-40
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-356	-296	-465	-402	-400	-488	-536	1,683	769	-264	-232	-108	-1,442	-143	-152
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	225	186	146	142	205	160	170	-850	535	-325	160	60	780	-730	-220
+ Cash From Debt	599	218	1,032	382	325	485	1,480	- -	926	315	510	205	1,450	170	70
+ Repayments of Debt	-374	-32	-887	-240	-120	-325	-1,310	-850	-390	-640	-350	-145	-670	-900	-290
+ Other Financing Activities	25	43	91	88	47	50	99	46	61	81	51	56	45	47	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-60	-67	-65	-107	-83	-116	-64	-2,120	-1,873	-441	-438	-510	755	-697	-237
Effect of Foreign Exchange Rates	-5	11	4	-21	-25	-21	39	-14	- -	15	-13	-15	-1	8	-1
Net Changes in Cash	81	86	-44	2	91	39	98	168	-461	86	77	-6	-85	-78	263
EBITDA	595	588	597	628	665	725	784	848	814	779	959	1,014	984	1,030	1,009
EBITDA Margin (%)	32.14	31.88	31.35	31.55	32.57	33.45	33.97	35.03	33.81	32.93	34.41	34.11	33.27	34.81	31.87
Free Cash Flow	412	345	366	405	470	548	607	508	479	618	579	428	442	620	540
Net Cash Paid for Acquisitions	11	31	41	27	23	6	- -	39	- -	81	2	- -	1,282	- -	- -
Free Cash Flow to Firm	431	371	394	435	502	587	609	551	522	660	618	469	528	695	599
Free Cash Flow to Equity	637	531	512	564	683	708	782	-342	1,014	293	746	496	1,222	-110	320
Free Cash Flow per Basic Share	4.54	3.92	4.29	4.81	5.71	6.78	7.61	6.6	7.09	9.95	9.4	7.14	7.48	10.44	9.07
Price/Free Cash Flow	11.73	13.99	14.34	15.53	16.53	14.83	19.76	20.9	19.74	16.04	25.24	25.99	25.56	24.42	29.63
Cash Flow to Net Income	1.15	0.97	1.08	1.19	1.22	1.23	34.35	1.02	1.09	1.52	1.08	0.86	0.94	1.19	1.02
Capital Expenditures	-85	-105	-118	-106	-103	-95	-90	-96	-164	-172	-168	-183	-161	-142	-113