Waste Management, Inc.

WMWaste Management, Inc. US flag

New York Stock Exchange

216.57

USD

-2.88

- -

86.97BMarket 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	13,378	13,649	13,983	13,996	12,961	13,609	14,485	14,914	15,455	15,218	17,931	19,698	20,426	22,063	25,204
+ Sales & Services Revenue	13,378	13,649	13,983	13,996	12,961	13,609	14,485	14,914	15,455	15,218	17,931	19,698	20,426	22,063	25,204
- Cost of Revenue	8,541	8,879	9,112	9,002	8,231	8,486	9,021	9,249	9,496	9,341	11,111	12,294	12,606	13,383	15,012
+ Cost of Goods & Services	8,541	8,879	9,112	9,002	8,231	8,486	9,021	9,249	9,496	9,341	11,111	12,294	12,606	13,383	15,012
Gross Profit	4,837	4,770	4,871	4,994	4,730	5,123	5,464	5,665	5,959	5,877	6,820	7,404	7,820	8,680	10,192
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	2,780	2,769	2,801	2,773	2,588	2,711	2,844	2,930	3,205	3,399	3,863	3,976	3,997	4,531	5,585
+ Selling, General & Admin	1,504	1,412	1,427	1,440	1,307	1,370	1,426	1,400	1,593	1,674	1,827	1,888	1,870	2,213	2,629
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1,276	1,357	1,374	1,333	1,281	1,341	1,418	1,530	1,612	1,725	2,036	2,088	2,127	2,318	2,956
Operating Income (Loss)	2,057	2,001	2,070	2,221	2,142	2,412	2,620	2,735	2,754	2,478	2,957	3,428	3,823	4,149	4,607
- Non-Operating (Income) Loss	537	698	1,576	470	1,082	590	429	359	649	585	608	510	802	691	1,181
+ Interest Expense, Net	473	480	473	466	385	376	363	374	411	425	365	378	500	598	912
+ Interest Expense	481	484	477	466	385	376	363	374	411	425	365	378	500	598	912
- Interest Income	8	4	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	64	218	1,103	4	697	214	66	-15	238	160	243	132	302	93	269
Pretax Income	1,520	1,303	494	1,751	1,060	1,822	2,191	2,376	2,105	1,893	2,349	2,918	3,021	3,458	3,426
- Income Tax Expense (Benefit)	511	443	364	413	308	642	242	453	434	397	532	678	745	713	717
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,009	860	130	1,338	752	1,180	1,949	1,923	1,671	1,496	1,817	2,240	2,276	2,745	2,709
- Net Extraordinary Losses (Gains)	96	86	64	80	-2	-4	- -	-4	2	- -	2	4	-56	-2	2
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	96	86	64	80	-2	-4	- -	-4	2	- -	2	4	-56	-2	2
Income (Loss) Incl. MI	913	774	66	1,258	754	1,184	1,949	1,927	1,669	1,496	1,815	2,236	2,332	2,747	2,707
- Minority Interest	-48	-43	-32	-40	1	2	- -	2	-1	- -	-1	-2	28	1	-1
Net Income, GAAP	961	817	98	1,298	753	1,182	1,949	1,925	1,670	1,496	1,816	2,238	2,304	2,746	2,708
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	961	817	98	1,298	753	1,182	1,949	1,925	1,670	1,496	1,816	2,238	2,304	2,746	2,708
EBIT	2,057	2,001	2,070	2,221	2,142	2,412	2,620	2,735	2,754	2,478	2,957	3,428	3,823	4,149	4,607
EBITDA	3,286	3,298	3,403	3,513	3,387	3,713	3,996	4,212	4,328	4,149	4,956	5,466	5,894	6,416	7,470
EBITDA Margin (%)	24.56	24.16	24.34	25.1	26.13	27.28	27.59	28.24	28	27.26	27.64	27.75	28.86	29.08	29.64
EBITA	2,057	2,001	2,070	2,221	2,142	2,412	2,620	2,735	2,754	2,478	2,957	3,428	3,823	4,149	4,607
Gross Margin (%)	36.16	34.95	34.84	35.68	36.49	37.64	37.72	37.98	38.56	38.62	38.03	37.59	38.28	39.34	40.44
Operating Margin (%)	15.38	14.66	14.8	15.87	16.53	17.72	18.09	18.34	17.82	16.28	16.49	17.4	18.72	18.81	18.28
Profit Margin (%)	7.18	5.99	0.7	9.27	5.81	8.69	13.46	12.91	10.81	9.83	10.13	11.36	11.28	12.45	10.74
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.36	1.42	1.46	1.5	1.54	1.64	1.71	1.87	2.06	2.19	2.31	2.61	2.81	3.01	3.31
Depreciation Expense	1,229	1,297	1,333	1,292	1,245	1,301	1,376	1,477	1,574	1,671	1,999	2,038	2,071	2,267	2,863
Basic Weighted Avg Shares	470	464	468	463	453	444	439	429	425	423	420	413	405	402	403
Basic EPS, GAAP	2.05	1.76	0.21	2.81	1.66	2.67	4.44	4.49	3.93	3.54	4.32	5.42	5.69	6.84	6.72
Basic EPS from Cont Ops	2.15	1.86	0.28	2.89	1.66	2.66	4.44	4.48	3.94	3.54	4.32	5.43	5.62	6.84	6.73
Diluted Weighted Avg Shares	471	464	470	466	456	446	442	432	428	425	423	415	407	403	404
Diluted EPS, GAAP	2.04	1.76	0.21	2.79	1.65	2.65	4.41	4.45	3.91	3.52	4.29	5.39	5.66	6.81	6.7
Diluted EPS from Cont Ops	2.14	1.85	0.28	2.87	1.65	2.64	4.41	4.45	3.91	3.52	4.3	5.4	5.59	6.8	6.7

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	2,379	2,423	2,499	3,526	2,345	2,376	2,694	2,645	6,209	3,540	3,069	3,551	3,804	4,774	4,910
+ Cash, Cash Equivalents & STI	258	194	235	1,307	39	32	22	61	3,561	553	118	351	458	414	201
+ Cash & Cash Equivalents	258	194	58	1,307	39	32	22	61	3,561	553	118	351	458	414	201
+ ST Investments	- -	- -	177	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1,775	1,839	1,810	1,937	2,094	2,132	2,374	2,275	2,319	2,624	2,546	2,752	2,870	3,687	4,055
+ Accounts Receivable, Net	1,631	1,737	1,699	1,587	1,549	1,700	1,805	1,931	1,949	2,097	2,278	2,461	2,633	3,272	3,435
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	144	102	111	350	545	432	569	344	370	527	268	291	237	415	620
+ Inventories	153	174	178	106	92	90	96	102	106	124	135	164	173	206	225
+ Raw Materials	153	174	178	106	92	90	96	102	106	124	135	164	173	206	225
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	193	216	276	176	120	122	202	207	223	239	270	284	303	467	429
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	20,190	20,674	20,104	17,771	18,022	18,483	19,135	20,005	21,534	25,805	26,028	27,816	29,038	39,793	40,925
+ Property, Plant & Equip, Net	12,242	12,651	12,344	10,657	10,665	10,950	11,559	11,942	12,893	14,148	14,419	15,719	16,968	19,340	20,378
+ Property, Plant & Equip	27,550	28,763	29,067	26,625	27,085	28,102	29,263	30,206	31,550	33,485	34,956	37,346	39,794	43,117	45,474
- Accumulated Depreciation	15,308	16,112	16,723	15,968	16,420	17,152	17,704	18,264	18,657	19,337	20,537	21,627	22,826	23,777	25,096
+ LT Investments & Receivables	637	667	414	408	360	320	269	406	483	426	432	578	606	846	779
+ LT Investments	637	667	414	408	360	320	269	406	483	426	432	578	606	846	779
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	7,311	7,356	7,346	6,706	6,997	7,213	7,307	7,657	8,158	11,231	11,177	11,519	11,464	19,607	19,768
+ Total Intangible Assets	6,672	6,688	6,599	6,180	6,461	6,806	6,794	7,002	7,053	10,018	9,926	10,150	10,032	17,626	17,647
+ Goodwill	6,215	6,291	6,070	5,740	5,984	6,215	6,247	6,430	6,532	8,994	9,028	9,323	9,254	13,438	13,880
+ Other Intangible Assets	457	397	529	440	477	591	547	572	521	1,024	898	827	778	4,188	3,767
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	639	668	747	526	536	407	513	655	1,105	1,213	1,251	1,369	1,432	1,981	2,121
Total Assets	22,569	23,097	22,603	21,297	20,367	20,859	21,829	22,650	27,743	29,345	29,097	31,367	32,823	44,567	45,835
+ Payables & Accruals	1,967	1,828	1,813	1,920	1,785	1,884	2,020	2,154	2,392	2,463	2,803	3,391	3,314	4,226	4,078
+ Accounts Payable	838	842	744	740	721	799	1,040	1,037	1,065	1,121	1,375	1,766	1,709	2,046	1,867
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1,129	986	1,069	1,180	1,064	1,085	980	1,117	1,327	1,342	1,428	1,625	1,605	2,180	2,211
+ ST Debt	631	743	726	1,090	253	417	739	432	218	551	708	414	334	1,359	711
+ ST Borrowings	631	743	726	1,090	253	417	739	432	218	551	708	414	334	1,359	711
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	470	465	475	475	472	493	503	522	534	539	571	589	578	673	735
+ Deferred Revenue	470	465	475	475	472	493	503	522	534	539	571	589	578	673	735
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	3,068	3,036	3,014	3,485	2,510	2,794	3,262	3,108	3,144	3,553	4,082	4,394	4,226	6,258	5,524
+ LT Debt	9,125	9,173	9,500	8,345	8,676	8,893	8,752	9,594	13,280	13,259	12,697	14,570	15,895	22,541	22,196
+ LT Borrowings	9,125	9,173	9,500	8,345	8,676	8,893	8,752	9,594	13,280	13,259	12,697	14,570	15,895	22,541	22,196
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	3,986	4,213	4,087	3,578	3,814	3,852	3,773	3,672	4,249	5,079	5,192	5,539	5,806	7,514	8,124
+ Accrued Liabilities	1,884	1,947	1,842	1,338	1,391	1,482	1,248	1,291	1,407	1,806	1,694	1,733	1,826	2,815	3,160
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	2,102	2,266	2,245	2,240	2,423	2,370	2,525	2,381	2,842	3,273	3,498	3,806	3,980	4,699	4,964
Total Noncurrent Liabilities	13,111	13,386	13,587	11,923	12,490	12,745	12,525	13,266	17,529	18,338	17,889	20,109	21,701	30,055	30,320
Total Liabilities	16,179	16,422	16,601	15,408	15,000	15,539	15,787	16,374	20,673	21,891	21,971	24,503	25,927	36,313	35,844
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	4,567	4,555	4,602	4,591	4,833	4,856	4,939	4,999	5,055	5,135	5,175	5,320	5,357	5,502	5,682
+ Common Stock	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
+ Additional Paid in Capital	4,561	4,549	4,596	4,585	4,827	4,850	4,933	4,993	5,049	5,129	5,169	5,314	5,351	5,496	5,676
- Treasury Stock	5,390	5,273	5,338	5,636	6,300	6,867	7,516	8,434	8,571	8,881	10,072	11,569	12,751	12,993	12,914
+ Retained Earnings	6,721	6,879	6,289	6,888	6,939	7,388	8,588	9,797	10,592	11,159	12,004	13,167	14,334	15,858	17,232
+ Other Equity	172	193	154	23	-127	-80	8	-87	-8	39	17	-69	-37	-115	-10
Equity Before Minority Interest	6,070	6,354	5,707	5,866	5,345	5,297	6,019	6,275	7,068	7,452	7,124	6,849	6,903	8,252	9,990
+ Minority/Non Controlling Interest	320	321	295	23	22	23	23	1	2	2	2	15	-7	2	1
Total Equity	6,390	6,675	6,002	5,889	5,367	5,320	6,042	6,276	7,070	7,454	7,126	6,864	6,896	8,254	9,991
Total Liabilities & Equity	22,569	23,097	22,603	21,297	20,367	20,859	21,829	22,650	27,743	29,345	29,097	31,367	32,823	44,567	45,835
Shares Outstanding	461	464	464	459	447	439	433	424	424	423	416	408	401	401	403
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	9,498	9,722	10,168	8,128	8,890	9,278	9,469	9,965	9,937	13,257	13,287	14,633	15,771	23,486	22,706
Net Debt to Equity	148.64	145.65	169.41	138.02	165.64	174.4	156.72	158.78	140.55	177.85	186.46	213.18	228.7	284.54	227.26
Tangible Common Equity Ratio	-1.77	-0.08	-3.73	-1.92	-7.87	-10.57	-5	-4.64	0.08	-13.27	-14.61	-15.49	-13.76	-34.79	-27.16
Current Ratio	0.78	0.8	0.83	1.01	0.93	0.85	0.83	0.85	1.97	1	0.75	0.81	0.9	0.76	0.89
Cash Conversion Cycle	16.29	17.31	20.14	18.28	16.1	14.79	10.74	8.67	9.43	10.39	7.83	1.83	0.12	2.93	6.29

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	1,009	860	130	1,338	752	1,180	1,949	1,923	1,671	1,496	1,817	2,240	2,276	2,745	2,709
+ Depreciation & Amortization	1,229	1,297	1,333	1,292	1,245	1,301	1,376	1,477	1,574	1,671	1,999	2,038	2,071	2,267	2,863
+ Non-Cash Items	403	356	1,072	-34	894	430	53	199	549	563	396	403	623	402	984
+ Stock-Based Compensation	45	29	58	65	72	90	101	89	86	94	108	84	93	118	169
+ Deferred Income Taxes	198	67	-149	-118	30	73	-251	25	100	165	-77	49	83	124	363
+ Asset Impairment Charge	1	4	509	10	- -	- -	- -	- -	- -	- -	- -	- -	168	- -	- -
+ Other Non-Cash Adj	159	256	654	9	792	267	203	85	363	304	365	270	279	160	452
+ Chg in Non-Cash Work Cap	-172	-218	-80	-265	-363	92	-198	-29	80	-327	126	-145	-251	-24	-513
+ (Inc) Dec in Accts Receiv	-110	-131	44	-268	-178	-78	-271	-16	-53	-179	28	-329	-161	-313	-511
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	65	-57	-27	117	-97	192	126	203	243	-37	206	393	90	281	41
+ Inc (Dec) in Other	-127	-30	-97	-114	-88	-22	-53	-216	-110	-111	-108	-209	-180	8	-43
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2,469	2,295	2,455	2,331	2,528	3,003	3,180	3,570	3,874	3,403	4,338	4,536	4,719	5,390	6,043
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-575	- -	-239	-600	-600	-725	-750	-1,004	-248	-402	-1,350	-1,500	-1,302	-262	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-575	- -	-239	-600	-600	-725	-750	-1,004	-248	-402	-1,350	-1,500	-1,302	-262	- -
+ Net Change in LT Investment	-155	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	-155	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-986	-283	-619	2,185	-409	-565	-99	-252	-472	-3,200	21	-350	-92	-7,330	-274
+ Cash from Divestitures	36	44	138	2,253	145	43	99	208	49	885	96	27	78	158	121
+ Cash for Acq of Subs	-1,022	-327	-757	-68	-554	-608	-198	-460	-521	-4,085	-75	-377	-170	-7,488	-395
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-1,044	-1,547	-1,281	-1,190	-1,199	-1,364	-1,521	-1,917	-1,904	-1,647	-1,915	-2,713	-2,999	-3,271	-3,292
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-2,185	-1,830	-1,900	995	-1,608	-1,929	-1,620	-2,169	-2,376	-4,847	-1,894	-3,063	-3,091	-10,601	-3,566
+ Dividends Paid	-637	-658	-683	-693	-695	-726	-750	-802	-876	-927	-970	-1,077	-1,136	-1,210	-1,334
+ Net Cash From Debt	698	122	155	-751	-427	375	85	313	3,149	-209	-456	1,360	912	6,708	-1,333
+ Cash From Debt	1,201	1,620	2,232	2,817	2,337	3,057	1,992	812	13,237	9,420	7,948	8,688	21,306	24,578	20,414
+ Repayments of Debt	-503	-1,498	-2,077	-3,568	-2,764	-2,682	-1,907	-499	-10,088	-9,629	-8,404	-7,328	-20,394	-17,870	-21,747
+ Other Financing Activities	-52	6	80	-28	-463	-8	54	-15	-61	-21	-124	1	2	-81	-6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-566	-530	-687	-2,072	-2,185	-1,084	-1,361	-1,508	1,964	-1,559	-2,900	-1,216	-1,524	5,155	-2,673
Effect of Foreign Exchange Rates	1	1	-4	-5	-3	- -	- -	-3	2	4	2	-6	3	-9	6
Net Changes in Cash	-282	-65	-132	1,254	-1,265	-10	199	-107	3,462	-3,003	-456	257	104	-56	-196
EBITDA	3,286	3,298	3,403	3,513	3,387	3,713	3,996	4,212	4,328	4,149	4,956	5,466	5,894	6,416	7,470
EBITDA Margin (%)	24.56	24.16	24.34	25.1	26.13	27.28	27.59	28.24	28	27.26	27.64	27.75	28.86	29.08	29.64
Free Cash Flow	2,469	2,295	2,455	2,331	2,528	3,003	3,180	3,570	3,874	3,403	4,338	4,536	4,719	5,390	6,043
Net Cash Paid for Acquisitions	986	283	619	-2,185	409	565	99	252	472	3,200	-21	350	92	7,330	274
Free Cash Flow to Firm	2,788	2,614	2,581	2,687	2,801	3,247	3,503	3,873	4,200	3,739	4,620	4,826	5,096	5,865	6,764
Free Cash Flow to Equity	3,167	2,417	2,610	1,580	2,101	3,378	3,265	3,883	7,023	3,194	3,882	5,896	5,631	12,098	4,710
Free Cash Flow per Basic Share	5.26	4.95	5.25	5.04	5.58	6.77	7.25	8.32	9.12	8.04	10.32	10.99	11.65	13.42	15.01
Price/Free Cash Flow	6.25	6.83	8.59	10.25	9.62	10.54	11.99	10.77	12.58	14.73	16.27	14.35	15.44	15.1	14.7
Cash Flow to Net Income	2.57	2.81	25.05	1.8	3.36	2.54	1.63	1.85	2.32	2.27	2.39	2.03	2.05	1.96	2.23
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -