Wisconsin Electric Power Company PFD 3.60%

WELPP

WELPPWisconsin Electric Power Company PFD 3.60% US flag

Other OTC

65.92

USD

+1.15

- -

2.19BMarket 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	3,728	3,613	3,800	4,059	3,854	3,793	3,712	3,625	3,497	3,367	3,664	4,070	4,045	3,980	4,494
+ Sales & Services Revenue	3,728	3,613	3,800	4,059	3,854	3,793	3,712	3,625	3,497	3,367	3,664	4,070	4,045	3,980	4,494
- Cost of Revenue	1,481	1,332	1,436	1,661	2,784	2,718	2,638	2,764	2,244	1,977	2,240	2,525	2,382	2,238	2,573
+ Cost of Goods & Services	1,481	1,332	1,436	1,661	2,784	2,718	2,638	2,764	2,244	1,977	2,240	2,525	2,382	2,238	2,573
Gross Profit	2,247	2,282	2,364	2,399	1,070	1,075	1,073	860	1,253	1,390	1,425	1,545	1,662	1,742	1,921
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,773	1,698	1,758	1,748	421	441	441	458	493	530	556	605	640	680	750
+ Selling, General & Admin	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1,773	1,698	1,758	1,748	421	441	441	458	493	530	556	605	640	680	750
Operating Income (Loss)	474	583	606	650	649	634	632	402	760	860	869	940	1,022	1,061	1,171
- Non-Operating (Income) Loss	-23	23	44	50	60	58	104	100	455	449	428	409	398	410	428
+ Interest Expense, Net	94	113	121	116	117	115	115	118	475	468	460	458	465	480	488
+ Interest Expense	94	113	121	116	119	118	117	120	477	468	460	458	466	489	491
- Interest Income	- -	- -	- -	- -	2	2	2	2	2	- -	- -	- -	1	10	3
+ Other Non-Op (Income) Loss	-117	-90	-78	-67	-57	-58	-11	-18	-20	-18	-32	-49	-68	-69	-60
Pretax Income	496	560	562	600	589	576	528	303	306	412	440	531	624	651	743
- Income Tax Expense (Benefit)	157	193	201	223	212	211	191	-57	-58	45	58	133	143	136	115
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	340	367	361	378	377	366	337	360	363	367	382	398	482	514	628
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	340	367	361	378	377	366	337	360	363	367	382	398	482	514	628
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	340	367	361	378	377	366	337	360	363	367	382	398	482	514	628
- Preferred Dividends	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	338	366	360	377	376	364	336	358	362	366	381	397	481	513	627
EBIT	474	583	606	650	649	634	632	402	760	860	869	940	1,022	1,061	1,171
EBITDA	697	847	891	953	973	960	964	751	1,145	1,287	1,327	1,420	1,547	1,635	1,801
EBITDA Margin (%)	18.7	23.44	23.45	23.48	25.24	25.3	25.96	20.71	32.73	38.24	36.2	34.88	38.25	41.08	40.07
EBITA	474	583	606	650	649	634	632	402	760	860	869	940	1,022	1,061	1,171
Gross Margin (%)	60.28	63.15	62.2	59.09	27.77	28.35	28.92	23.74	35.83	41.29	38.89	37.97	41.1	43.76	42.75
Operating Margin (%)	12.71	16.14	15.94	16.02	16.84	16.72	17.03	11.1	21.74	25.56	23.71	23.09	25.27	26.66	26.05
Profit Margin (%)	9.11	10.17	9.5	9.31	9.78	9.64	9.07	9.92	10.39	10.89	10.44	9.78	11.91	12.92	13.98
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	224	264	285	303	324	325	332	348	384	427	458	480	525	574	630
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	1,170	965	1,114	1,000	1,023	1,010	1,040	1,016	908	896	1,071	1,207	1,205	1,273	1,356
+ Cash, Cash Equivalents & STI	13	34	25	24	27	15	12	20	19	7	- -	6	6	- -	- -
+ Cash & Cash Equivalents	13	34	25	24	27	15	12	20	19	7	- -	6	6	- -	- -
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	410	232	586	496	502	561	623	585	521	534	645	696	717	730	863
+ Accounts Receivable, Net	274	226	336	488	461	503	623	585	521	534	645	696	717	730	863
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	136	6	250	8	41	58	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	319	312	281	320	302	271	251	241	230	220	246	293	311	355	323
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	319	312	281	320	302	271	251	241	230	220	246	293	311	355	323
+ Other ST Assets	428	386	222	158	191	163	154	170	138	135	180	212	172	188	170
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	10,491	11,058	11,172	11,598	12,117	12,361	12,082	12,522	12,453	12,710	13,074	13,813	14,636	15,927	18,341
+ Property, Plant & Equip, Net	8,782	9,081	9,283	9,494	9,768	9,832	10,008	9,529	9,587	9,790	10,116	10,719	11,586	12,811	15,209
+ Property, Plant & Equip	11,747	12,198	12,542	13,534	13,964	14,290	13,924	13,824	14,151	14,639	15,252	15,442	16,600	18,143	20,927
- Accumulated Depreciation	2,965	3,117	3,259	4,040	4,197	4,457	3,916	4,295	4,564	4,849	5,136	4,723	5,014	5,332	5,718
+ LT Investments & Receivables	308	333	354	373	494	402	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	308	333	354	373	494	402	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,402	1,644	1,535	1,730	1,856	2,127	2,074	2,993	2,866	2,920	2,958	3,094	3,051	3,116	3,132
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1,402	1,644	1,535	1,730	1,856	2,127	2,074	2,993	2,866	2,920	2,958	3,094	3,051	3,116	3,132
Total Assets	11,661	12,023	12,286	12,597	13,140	13,372	13,122	13,538	13,361	13,605	14,144	15,020	15,841	17,200	19,696
+ Payables & Accruals	387	424	360	375	398	509	514	539	516	433	519	580	526	735	746
+ Accounts Payable	265	307	274	287	286	298	461	475	452	433	519	580	526	735	746
+ Accrued Taxes	- -	- -	- -	- -	16	46	58	14	12	25	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	121	117	86	88	96	165	-5	50	51	-25	- -	- -	- -	- -	- -
+ ST Debt	390	462	577	685	287	206	503	435	173	659	493	582	758	538	803
+ ST Borrowings	390	462	577	685	287	178	461	385	116	592	384	470	670	439	690
+ ST Finance Leases	- -	- -	- -	- -	- -	28	42	50	58	67	109	112	88	99	113
+ Other ST Liabilities	247	184	222	201	188	100	170	103	106	165	156	210	201	185	232
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	247	184	222	201	188	100	170	103	106	165	156	210	201	185	232
Total Current Liabilities	1,023	1,070	1,158	1,261	872	815	1,188	1,077	795	1,257	1,167	1,372	1,485	1,458	1,781
+ LT Debt	4,984	4,920	4,879	4,875	5,351	5,418	5,236	5,267	5,542	5,236	5,581	6,054	5,798	6,471	7,231
+ LT Borrowings	2,268	2,217	2,167	2,163	2,659	2,661	2,412	2,460	2,759	2,461	2,863	3,352	3,045	3,728	4,516
+ LT Finance Leases	2,716	2,703	2,712	2,712	2,692	2,756	2,824	2,807	2,783	2,774	2,718	2,702	2,752	2,743	2,715
+ Other LT Liabilities	2,447	2,636	2,811	3,018	3,321	3,615	3,284	3,703	3,432	3,420	3,451	3,427	3,475	3,763	3,904
+ Accrued Liabilities	1,284	1,534	1,794	1,917	2,110	2,333	1,156	1,298	1,347	1,357	1,402	1,467	1,514	1,656	1,667
+ Pension Liabilities	279	189	160	254	211	168	143	118	60	86	39	31	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	884	913	856	846	1,000	1,114	1,985	2,287	2,025	1,976	2,011	1,929	1,962	2,107	2,238
Total Noncurrent Liabilities	7,431	7,556	7,690	7,893	8,673	9,033	8,520	8,970	8,975	8,655	9,032	9,481	9,273	10,234	11,136
Total Liabilities	8,454	8,626	8,848	9,154	9,545	9,847	9,707	10,047	9,769	9,913	10,200	10,853	10,758	11,692	12,917
+ Preferred Equity and Hybrid Capital	30	30	30	30	30	30	30	30	30	30	30	30	30	30	30
+ Share Capital & APIC	1,275	1,278	1,298	1,317	1,333	1,353	1,136	1,164	1,262	1,393	1,624	2,080	2,885	3,036	4,282
+ Common Stock	333	333	333	333	333	333	333	333	333	333	333	333	333	333	333
+ Additional Paid in Capital	942	945	965	984	1,000	1,020	803	831	930	1,060	1,291	1,747	2,552	2,703	3,949
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	1,902	2,089	2,109	2,096	2,231	2,141	2,248	2,297	2,299	2,269	2,290	2,057	2,168	2,441	2,468
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	3,208	3,397	3,437	3,443	3,594	3,524	3,414	3,491	3,592	3,693	3,945	4,167	5,084	5,507	6,780
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	3,208	3,397	3,437	3,443	3,594	3,524	3,414	3,491	3,592	3,693	3,945	4,167	5,084	5,507	6,780
Total Liabilities & Equity	11,661	12,023	12,286	12,597	13,140	13,372	13,122	13,538	13,361	13,605	14,144	15,020	15,841	17,200	19,696
Shares Outstanding	33	33	33	33	33	33	33	33	33	33	33	33	33	33	33
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	2,716	2,703	2,712	2,712	2,692	2,785	2,866	2,857	2,841	2,841	2,827	2,815	2,840	2,842	2,829
Net Debt	2,645	2,645	2,719	2,824	2,919	2,823	2,861	2,824	2,856	3,046	3,247	3,815	3,709	4,167	5,206
Net Debt to Equity	82.46	77.87	79.11	82	81.21	80.11	83.79	80.9	79.51	82.49	82.32	91.55	72.96	75.66	76.79
Tangible Common Equity Ratio	27.24	28	27.73	27.09	27.12	26.13	25.79	25.56	26.65	26.92	27.67	27.54	31.9	31.84	34.27
Current Ratio	1.14	0.9	0.96	0.79	1.17	1.24	0.88	0.94	1.14	0.71	0.92	0.88	0.81	0.87	0.76
Cash Conversion Cycle	34.25	33.01	26.95	42.93	47.9	45.18	38.57	31.3	20.25	16.51	20.01	21.11	25.89	19.74	6.36

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	340	367	361	378	377	366	337	360	363	367	382	398	482	514	628
+ Depreciation & Amortization	224	264	285	303	324	325	332	348	384	427	458	480	525	574	630
+ Non-Cash Items	5	-40	314	166	10	65	15	258	31	-11	-21	-111	-16	141	-62
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	265	194	194	191	179	206	110	-1	-131	-64	-26	55	21	110	20
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-260	-234	120	-26	-169	-141	-95	259	162	53	5	-165	-37	32	-82
+ Chg in Non-Cash Work Cap	-24	216	-98	17	-36	93	15	-4	76	-16	-17	-130	-52	35	-68
+ (Inc) Dec in Accts Receiv	-9	64	-137	91	-3	-59	-65	35	60	-9	-68	-70	-5	-19	-149
+ (Inc) Dec in Inventories	3	7	31	-40	19	31	20	9	12	10	-27	-46	-13	-44	32
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	-2	-3	39	- -	-28	34	6	1	-16	- -	-27	24
+ Inc (Dec) in Accts Payable	-44	131	-29	11	-48	62	59	-28	-22	-26	86	14	-41	92	-3
+ Inc (Dec) in Other	26	14	37	-43	-1	20	- -	8	-8	2	-8	-12	7	33	28
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	544	807	863	863	674	848	698	962	854	767	802	637	939	1,264	1,128
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	42	3	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	42	3	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	75	28	105	130	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	75	28	105	130	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-6	-14	-9	-12	-5	-16	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	-6	-14	-9	-12	-5	-16	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	-5	-16	- -	- -	- -	- -	- -	- -	-133	-98	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	-5	-16	- -	- -	- -	- -	- -	- -	-133	-98	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-798	-595	-553	-556	-511	-405	-568	-640	-577	-631	-798	-914	-1,094	-1,440	-2,704
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-762	-606	-560	-568	-520	-437	-568	-640	-577	-631	-798	-914	-1,227	-1,538	-2,704
+ Dividends Paid	-241	-181	-341	-391	-241	-456	-240	-310	-360	-395	-360	-630	-370	-240	-600
+ Net Cash From Debt	300	250	-50	82	84	13	15	50	- -	-58	47	418	-86	550	440
+ Cash From Debt	300	250	250	382	500	15	52	300	300	- -	419	500	- -	947	800
+ Repayments of Debt	- -	- -	-300	-300	-416	-2	-37	-250	-300	-58	-372	-82	-86	-397	-360
+ Other Financing Activities	148	-249	80	13	6	20	17	-82	-23	175	304	534	704	-42	1,737
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	208	-180	-312	-296	-151	-423	-133	-314	-279	-148	-8	322	248	268	1,577
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-11	21	-9	-1	3	-12	-3	8	-1	-12	-4	45	-40	-5	- -
EBITDA	697	847	891	953	973	960	964	751	1,145	1,287	1,327	1,420	1,547	1,635	1,801
EBITDA Margin (%)	18.7	23.44	23.45	23.48	25.24	25.3	25.96	20.71	32.73	38.24	36.2	34.88	38.25	41.08	40.07
Free Cash Flow	544	807	863	863	674	848	698	962	854	767	802	637	939	1,264	1,128
Net Cash Paid for Acquisitions	- -	- -	- -	- -	5	16	- -	- -	- -	- -	- -	- -	133	98	- -
Free Cash Flow to Firm	608	881	941	936	751	923	773	- -	- -	1,184	1,202	980	1,299	1,651	1,543
Free Cash Flow to Equity	884	1,059	814	944	758	860	712	1,011	853	708	848	1,053	852	1,814	1,567
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	1.6	2.2	2.39	2.28	1.79	2.32	2.07	2.68	2.35	2.09	2.1	1.6	1.95	2.46	1.8
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -