The Western Union Company

WUThe Western Union Company US flag

New York Stock Exchange

7.62

USD

+0.07

- -

2.38BMarket 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	5,491	5,665	5,542	5,607	5,484	5,423	5,524	5,590	5,292	4,835	5,071	4,476	4,357	4,210	4,051
+ Sales & Services Revenue	5,491	5,665	5,542	5,607	5,484	5,423	5,524	5,590	5,292	4,835	5,071	4,476	4,357	4,210	4,051
- Cost of Revenue	3,102	3,194	3,235	3,297	3,199	3,267	3,353	3,301	3,086	2,826	2,896	2,626	2,672	2,620	2,551
+ Cost of Goods & Services	3,102	3,194	3,235	3,297	3,199	3,267	3,353	3,301	3,086	2,826	2,896	2,626	2,672	2,620	2,551
Gross Profit	2,389	2,471	2,307	2,310	2,284	2,156	2,171	2,289	2,206	2,008	2,174	1,849	1,685	1,589	1,500
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,004	1,141	1,200	1,169	1,175	1,669	1,232	1,167	1,272	1,041	1,051	964	868	863	743
+ Selling, General & Admin	1,004	1,141	1,200	1,169	1,175	1,669	1,232	1,167	1,272	1,041	1,051	964	868	863	743
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	1,385	1,330	1,107	1,140	1,109	487	940	1,122	934	967	1,123	885	818	726	757
- Non-Operating (Income) Loss	110	161	180	172	168	145	592	131	-387	112	188	-124	72	107	132
+ Interest Expense, Net	177	174	186	165	157	149	137	145	146	115	104	87	90	108	135
+ Interest Expense	182	180	196	177	168	152	142	150	152	118	106	101	105	120	143
- Interest Income	5	6	9	12	11	4	5	5	6	3	1	14	16	12	8
+ Other Non-Op (Income) Loss	-66	-13	-6	7	11	-4	455	-14	-533	-3	84	-211	-18	-1	-4
Pretax Income	1,275	1,169	927	968	942	342	348	991	1,321	855	935	1,009	746	619	626
- Income Tax Expense (Benefit)	109	143	128	116	104	88	905	140	263	111	130	98	120	-316	126
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1,165	1,026	798	852	838	253	-557	852	1,058	744	806	911	626	934	500
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1,165	1,026	798	852	838	253	-557	852	1,058	744	806	911	626	934	500
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1,165	1,026	798	852	838	253	-557	852	1,058	744	806	911	626	934	500
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,165	1,026	798	852	838	253	-557	852	1,058	744	806	911	626	934	500
EBIT	1,385	1,330	1,107	1,140	1,109	487	940	1,122	934	967	1,123	885	818	726	757
EBITDA	1,578	1,576	1,370	1,412	1,380	750	1,203	1,387	1,192	1,193	1,331	1,069	1,001	905	923
EBITDA Margin (%)	28.73	27.82	24.72	25.19	25.16	13.83	21.77	24.81	22.52	24.67	26.25	23.88	22.98	21.5	22.78
EBITA	1,385	1,330	1,107	1,140	1,109	487	940	1,122	934	967	1,123	885	818	726	757
Gross Margin (%)	43.51	43.61	41.63	41.19	41.66	39.76	39.3	40.95	41.68	41.54	42.88	41.32	38.68	37.75	37.03
Operating Margin (%)	25.22	23.48	19.98	20.34	20.23	8.98	17.01	20.07	17.65	20.01	22.15	19.77	18.76	17.24	18.7
Profit Margin (%)	21.22	18.11	14.41	15.2	15.28	4.67	-10.08	15.24	20	15.39	15.89	20.35	14.37	22.19	12.33
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.31	0.42	0.5	0.5	0.62	0.64	0.7	0.76	0.8	0.9	0.94	0.94	0.94	0.95	0.95
Depreciation Expense	193	246	263	272	270	263	263	265	258	226	208	184	184	179	165
Basic Weighted Avg Shares	631	605	557	533	513	490	468	452	428	412	407	387	371	340	327
Basic EPS, GAAP	1.85	1.7	1.43	1.6	1.63	0.52	-1.19	1.89	2.47	1.81	1.98	2.35	1.69	2.75	1.53
Basic EPS from Cont Ops	1.85	1.7	1.43	1.6	1.63	0.52	-1.19	1.89	2.47	1.81	1.98	2.35	1.69	2.75	1.53
Diluted Weighted Avg Shares	634	607	560	537	517	494	468	454	431	415	409	388	372	341	328
Diluted EPS, GAAP	1.84	1.69	1.43	1.59	1.62	0.51	-1.19	1.87	2.46	1.79	1.97	2.34	1.68	2.74	1.53
Diluted EPS from Cont Ops	1.84	1.69	1.43	1.59	1.62	0.51	-1.19	1.87	2.46	1.79	1.97	2.34	1.68	2.74	1.53

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	4,603	5,023	5,554	5,205	4,765	4,812	5,201	4,946	4,946	5,506	2,633	1,548	1,560	5,172	4,998
+ Cash, Cash Equivalents & STI	3,415	3,866	4,462	4,090	3,554	3,299	3,453	3,432	3,517	4,114	2,607	1,286	2,727	3,438	3,082
+ Cash & Cash Equivalents	2,083	2,351	2,612	2,618	2,392	2,068	2,103	2,221	1,819	2,124	1,208	1,286	1,269	2,106	1,636
+ ST Investments	1,332	1,515	1,851	1,472	1,163	1,232	1,350	1,211	1,698	1,991	1,399	- -	1,458	1,332	1,445
+ Accounts & Notes Receiv	1,099	1,062	981	1,007	1,070	1,327	1,574	1,355	1,230	1,135	1,175	- -	1,733	1,397	1,602
+ Accounts Receivable, Net	1,062	1,041	981	1,007	1,070	1,327	1,574	1,355	1,230	1,135	1,175	- -	1,733	1,397	1,602
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	38	21	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	89	95	111	108	140	185	174	159	199	257	-1,149	262	-2,900	337	314
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	4,467	4,443	4,567	4,685	4,684	4,608	4,030	4,051	3,812	3,990	6,190	6,950	6,639	3,199	3,308
+ Property, Plant & Equip, Net	198	196	210	206	232	220	214	270	387	340	-376	110	218	245	290
+ Property, Plant & Equip	628	581	638	685	770	820	850	973	1,003	999	294	624	657	700	764
- Accumulated Depreciation	430	384	429	478	538	600	636	702	616	660	670	514	439	455	474
+ LT Investments & Receivables	41	41	41	42	43	40	29	31	33	42	205	211	210	213	216
+ LT Investments	41	41	41	42	43	40	29	31	33	42	205	211	210	213	216
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	4,227	4,206	4,316	4,437	4,409	4,348	3,787	3,749	3,393	3,608	6,362	6,628	6,211	2,740	2,802
+ Total Intangible Assets	4,046	4,059	4,006	3,917	3,869	3,826	3,314	3,323	3,062	3,072	2,452	2,492	2,415	2,375	2,455
+ Goodwill	3,199	3,180	3,172	3,169	3,164	3,162	2,728	2,725	2,567	2,567	2,035	2,035	2,035	2,060	2,098
+ Other Intangible Assets	847	879	834	748	705	664	586	598	495	505	417	458	380	315	356
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	181	147	310	520	540	521	473	426	331	537	3,910	4,136	3,796	365	347
Total Assets	9,070	9,466	10,121	9,890	9,449	9,420	9,231	8,997	8,758	9,496	8,824	8,496	8,199	8,370	8,306
+ Payables & Accruals	3,929	3,889	4,126	4,080	4,127	5,286	6,159	5,433	4,934	5,328	1,326	1,189	1,112	680	3,932
+ Accounts Payable	535	556	639	600	607	1,130	718	565	602	501	450	464	453	408	408
+ Accrued Taxes	302	218	217	166	212	407	1,252	1,054	1,020	929	871	725	660	272	75
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	3,091	3,115	3,270	3,314	3,309	3,749	4,189	3,814	3,313	3,898	5	- -	- -	- -	3,449
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	1,125	- -	- -	575	- -	- -	- -	- -
+ ST Borrowings	597	300	- -	- -	- -	- -	- -	1,125	745	580	575	480	365	- -	435
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	597	- -	- -	- -	- -	- -	- -	- -	745	580	628	662	412	47	498
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	597	- -	- -	- -	- -	- -	- -	- -	745	580	628	662	412	47	498
Total Current Liabilities	4,526	3,889	4,126	4,080	4,127	5,286	6,159	6,558	5,679	5,908	2,529	1,852	1,524	727	4,431
+ LT Debt	2,986	4,029	4,213	3,720	3,216	2,786	3,034	2,309	2,727	2,722	2,636	2,137	2,302	3,132	2,669
+ LT Borrowings	2,986	4,029	4,213	3,720	3,216	2,786	3,034	2,309	2,484	2,487	2,433	2,137	2,140	2,941	2,443
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	242	235	203	161	162	191	226
+ Other LT Liabilities	663	607	677	789	702	445	530	440	392	679	3,303	4,030	3,894	3,543	249
+ Accrued Liabilities	423	383	319	305	273	86	173	161	152	189	204	158	148	156	153
+ Pension Liabilities	87	102	70	75	69	26	15	16	11	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	153	122	288	409	360	333	342	263	229	490	3,099	3,871	3,746	3,387	96
Total Noncurrent Liabilities	3,650	4,636	4,890	4,510	3,918	3,231	3,563	2,749	3,119	3,401	5,939	6,167	6,196	6,675	2,918
Total Liabilities	8,175	8,525	9,017	8,590	8,044	8,517	9,723	9,307	8,798	9,310	8,468	8,018	7,720	7,402	7,348
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	253	338	396	451	572	646	702	760	845	889	945	1,000	1,035	1,074	1,121
+ Common Stock	6	6	6	5	5	5	5	4	4	4	4	4	4	3	3
+ Additional Paid in Capital	247	333	391	445	566	641	698	756	841	885	941	996	1,032	1,071	1,117
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	760	755	877	969	977	419	-966	-839	-676	-543	-537	-354	-389	35	-12
+ Other Equity	-118	-153	-169	-119	-144	-163	-228	-231	-209	-160	-52	-168	-167	-140	-151
Equity Before Minority Interest	895	941	1,105	1,300	1,405	902	-491	-310	-40	187	356	478	479	969	958
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	895	941	1,105	1,300	1,405	902	-491	-310	-40	187	356	478	479	969	958
Total Liabilities & Equity	9,070	9,466	10,121	9,890	9,449	9,420	9,231	8,997	8,758	9,496	8,824	8,496	8,199	8,370	8,306
Shares Outstanding	619	572	549	522	502	482	459	441	418	411	394	374	350	338	316
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	242	235	203	161	162	191	226
Net Debt	1,500	1,978	1,601	1,103	824	719	931	1,212	1,411	943	1,800	1,331	1,236	835	1,241
Net Debt to Equity	167.61	210.31	144.95	84.81	58.67	79.65	-189.38	-391.38	-3,571.14	505.52	506.21	278.55	258.04	86.2	129.61
Tangible Common Equity Ratio	-62.73	-57.66	-47.44	-43.81	-44.15	-52.28	-64.31	-64.03	-54.43	-44.9	-32.9	-33.56	-33.47	-23.45	-25.58
Current Ratio	1.02	1.29	1.35	1.28	1.15	0.91	0.84	0.75	0.87	0.93	1.04	0.84	1.02	7.12	1.13
Cash Conversion Cycle	-26.36	5.39	-0.83	-3.88	0.28	-16.3	-4.75	24.68	20.17	18.07	23.22	-15.61	9.95	75.73	76.71

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	1,165	1,026	798	852	838	253	-557	852	1,058	744	806	911	626	934	500
+ Depreciation & Amortization	193	246	263	272	270	263	263	265	258	226	208	184	184	179	165
+ Non-Cash Items	1	42	14	23	24	-76	658	51	-438	160	209	-166	85	-125	160
+ Stock-Based Compensation	31	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	21	-35	-39	-27	-40	-174	70	-15	-24	14	-3	-27	-11	-249	35
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	464	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-51	77	53	50	64	98	124	66	-414	146	212	-139	96	124	125
+ Chg in Non-Cash Work Cap	-184	-129	13	-101	-61	601	378	-346	37	-252	-178	-347	-111	-582	-281
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-105	-71	84	-69	61	714	433	-320	58	-191	-81	-110	-90	-441	-237
+ Inc (Dec) in Other	-79	-58	-71	-32	-122	-112	-54	-27	-21	-61	-97	-237	-21	-141	-44
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,175	1,185	1,089	1,046	1,071	1,042	742	821	915	878	1,045	582	783	406	544
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-53	-61	-80	-68	-94	-69	-69	-137	-81	-88	-107	-136	-111	-119	-124
+ Acq of Fixed Prod Assets	-53	-61	-80	-68	-94	-69	-69	-137	-48	-36	-38	-32	-23	-37	-38
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	-33	-51	-69	-104	-88	-81	-85
+ Cash (Repurchase) of Equity	-804	-766	-400	-495	-511	-502	-503	-412	-553	-240	-410	-370	-308	-186	-235
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-804	-766	-400	-495	-511	-502	-503	-412	-553	-240	-410	-370	-308	-186	-235
+ Net Change in LT Investment	21	- -	-100	100	-20	-41	-3	10	-465	-260	552	-171	11	130	-70
+ Dec in LT Investment	21	- -	- -	100	100	63	232	37	5,401	6,161	985	1,389	506	526	186
+ Inc in LT Investment	- -	- -	-100	- -	-120	-104	-235	-27	-5,866	-6,421	-433	-1,560	-495	-397	-256
+ Net Cash From Acq & Div	-1,219	10	- -	-11	- -	- -	-25	- -	712	49	-149	887	- -	- -	- -
+ Cash from Divestitures	- -	10	- -	- -	- -	- -	- -	- -	712	49	51	887	- -	- -	- -
+ Cash for Acq of Subs	-1,219	- -	- -	-11	- -	- -	-25	- -	- -	- -	-200	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-110	-207	-161	-111	-172	-161	-108	-202	2	-75	-104	-54	-40	-27	-36
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1,360	-258	-341	-89	-286	-271	-205	-329	167	-374	192	526	-141	-16	-230
+ Dividends Paid	-194	-254	-277	-265	-316	-312	-326	-342	-341	-370	-382	-364	-349	-322	-309
+ Net Cash From Debt	594	446	197	-500	-500	-430	246	521	-209	-165	-273	-300	-300	798	-471
+ Cash From Debt	1,290	743	497	- -	- -	575	746	935	616	- -	892	- -	- -	798	29
+ Repayments of Debt	-696	-297	-300	-500	-500	-1,005	-500	-414	-825	-165	-1,164	-300	-300	- -	-500
+ Other Financing Activities	-197	53	29	14	76	35	12	-124	-382	589	-205	-143	61	-360	232
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-601	-522	-451	-1,246	-1,252	-1,209	-570	-357	-1,484	-186	-1,270	-1,177	-897	-69	-783
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-786	406	297	-290	-467	-438	-33	135	-402	318	-32	-70	-254	321	-469
EBITDA	1,578	1,576	1,370	1,412	1,380	750	1,203	1,387	1,192	1,193	1,331	1,069	1,001	905	923
EBITDA Margin (%)	28.73	27.82	24.72	25.19	25.16	13.83	21.77	24.81	22.52	24.67	26.25	23.88	22.98	21.5	22.78
Free Cash Flow	1,122	1,124	1,008	978	977	973	673	685	834	790	938	445	672	288	420
Net Cash Paid for Acquisitions	1,219	-10	- -	11	- -	- -	25	- -	-712	-49	149	-887	- -	- -	- -
Free Cash Flow to Firm	1,288	1,282	1,177	1,134	1,126	1,086	445	813	955	893	1,029	536	760	- -	534
Free Cash Flow to Equity	1,716	1,570	1,206	478	477	543	919	1,206	658	676	735	250	460	1,167	34
Free Cash Flow per Basic Share	1.78	1.86	1.81	1.83	1.91	1.99	1.44	1.52	1.95	1.92	2.31	1.15	1.81	0.85	1.29
Price/Free Cash Flow	9.43	6.63	8.26	8.63	7.94	9.65	10.97	8.09	11.59	9.44	6.33	7.45	4.95	6.89	4.57
Cash Flow to Net Income	1.01	1.16	1.36	1.23	1.28	4.11	-1.33	0.96	0.86	1.18	1.3	0.64	1.25	0.43	1.09
Capital Expenditures	-53	-61	-80	-68	-94	-69	-69	-137	-81	-88	-107	-136	-111	-119	-124