Xcel Energy Inc.

XEL

XELXcel Energy Inc. US flag

NASDAQ Global Select

77.39

USD

-0.48

- -

48.31BMarket Cap

Income Statement (USD)

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	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	10,655	10,128	10,915	11,686	11,024	11,107	11,404	11,537	11,529	11,526	13,431	15,310	14,206	13,441	14,669
+ Sales & Services Revenue	10,655	10,128	10,915	11,686	11,024	11,107	11,404	11,537	11,529	11,526	13,431	15,310	14,206	13,441	14,669
- Cost of Revenue	7,326	6,710	7,408	7,951	7,034	6,787	6,884	7,084	6,806	6,562	8,173	9,450	8,227	7,293	7,745
+ Cost of Goods & Services	7,326	6,710	7,408	7,951	7,034	6,787	6,884	7,084	6,806	6,562	8,173	9,450	8,227	7,293	7,745
Gross Profit	3,328	3,418	3,507	3,735	3,990	4,320	4,520	4,453	4,723	4,964	5,258	5,860	5,979	6,148	6,924
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,552	1,603	1,667	1,794	1,994	2,080	2,297	2,488	2,619	2,848	3,055	3,432	3,391	3,762	4,045
+ Selling, General & Admin	5	7	8	7	4	3	3	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1,547	1,596	1,659	1,787	1,990	2,077	2,294	2,488	2,619	2,848	3,055	3,432	3,391	3,762	4,045
Operating Income (Loss)	1,777	1,815	1,839	1,941	1,996	2,240	2,223	1,965	2,104	2,116	2,203	2,428	2,588	2,386	2,879
- Non-Operating (Income) Loss	467	460	407	396	469	536	533	523	604	649	676	827	963	852	1,106
+ Interest Expense, Net	528	532	498	498	539	587	585	652	710	770	816	925	1,004	1,182	1,343
+ Interest Expense	539	542	506	505	545	595	604	652	710	770	816	925	1,004	1,182	1,343
- Interest Income	11	10	8	7	6	8	19	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-61	-72	-90	-102	-70	-51	-52	-129	-106	-121	-140	-98	-41	-330	-237
Pretax Income	1,309	1,355	1,432	1,545	1,527	1,704	1,690	1,442	1,500	1,467	1,527	1,601	1,625	1,534	1,773
- Income Tax Expense (Benefit)	468	450	484	524	543	581	542	181	128	-6	-70	-135	-146	-402	-245
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	841	905	948	1,021	984	1,123	1,148	1,261	1,372	1,473	1,597	1,736	1,771	1,936	2,018
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	841	905	948	1,021	984	1,123	1,148	1,261	1,372	1,473	1,597	1,736	1,771	1,936	2,018
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	841	905	948	1,021	984	1,123	1,148	1,261	1,372	1,473	1,597	1,736	1,771	1,936	2,018
- Preferred Dividends	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	838	905	948	1,021	984	1,123	1,148	1,261	1,372	1,473	1,597	1,736	1,771	1,936	2,018
EBIT	1,777	1,815	1,839	1,941	1,996	2,240	2,223	1,965	2,104	2,116	2,203	2,428	2,588	2,386	2,879
EBITDA	2,787	2,862	2,939	3,092	3,245	3,676	3,832	3,746	4,008	4,198	4,460	4,982	5,155	5,261	5,961
EBITDA Margin (%)	26.15	28.25	26.93	26.46	29.44	33.1	33.6	32.47	34.76	36.42	33.21	32.54	36.29	39.14	40.64
EBITA	1,777	1,815	1,839	1,941	1,996	2,240	2,223	1,965	2,104	2,116	2,203	2,428	2,588	2,386	2,879
Gross Margin (%)	31.24	33.75	32.13	31.96	36.19	38.89	39.64	38.6	40.97	43.07	39.15	38.28	42.09	45.74	47.2
Operating Margin (%)	16.68	17.92	16.85	16.61	18.11	20.17	19.49	17.03	18.25	18.36	16.4	15.86	18.22	17.75	19.63
Profit Margin (%)	7.89	8.94	8.69	8.74	8.93	10.11	10.07	10.93	11.9	12.78	11.89	11.34	12.47	14.4	13.76
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.98	1	1.04	1.11	1.2	1.34	1.42	1.43	1.52	1.62	1.73	1.85	1.98	2.09	2.18
Depreciation Expense	1,010	1,046	1,100	1,151	1,249	1,436	1,609	1,781	1,904	2,082	2,257	2,554	2,567	2,875	3,082
Basic Weighted Avg Shares	485	488	496	504	508	509	509	511	519	527	539	547	552	563	587
Basic EPS, GAAP	1.73	1.86	1.91	2.03	1.94	2.21	2.26	2.47	2.64	2.8	2.96	3.17	3.21	3.44	3.44
Basic EPS from Cont Ops	1.73	1.86	1.91	2.03	1.94	2.21	2.26	2.47	2.64	2.8	2.96	3.17	3.21	3.44	3.44
Diluted Weighted Avg Shares	486	488	497	504	508	509	509	511	520	528	540	547	552	563	589
Diluted EPS, GAAP	1.72	1.85	1.91	2.03	1.94	2.2	2.26	2.47	2.64	2.79	2.96	3.17	3.21	3.44	3.43
Diluted EPS from Cont Ops	1.73	1.85	1.91	2.03	1.94	2.2	2.26	2.47	2.64	2.79	2.96	3.17	3.21	3.44	3.43

Balance Sheet (USD)

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	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	2,983	2,625	3,218	3,364	2,770	2,842	2,973	3,094	3,113	3,275	4,239	5,144	4,069	4,325	5,014
+ Cash, Cash Equivalents & STI	61	82	107	80	85	85	83	147	248	129	166	111	129	179	274
+ Cash & Cash Equivalents	61	82	107	80	85	85	83	147	248	129	166	111	129	179	274
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1,442	1,381	1,431	1,555	1,379	1,506	1,561	1,615	1,550	1,630	1,880	2,478	2,168	2,081	2,210
+ Accounts Receivable, Net	753	718	744	827	725	776	797	860	837	916	1,018	1,373	1,315	1,249	1,330
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	689	663	687	728	655	730	764	755	713	714	862	1,105	853	832	880
+ Inventories	618	536	577	597	609	604	610	548	544	535	631	803	711	666	761
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	618	536	577	597	609	604	610	548	544	535	631	803	711	666	761
+ Other ST Assets	862	626	1,103	1,133	697	647	719	784	771	981	1,562	1,752	1,061	1,399	1,769
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	26,515	28,516	30,689	33,594	36,051	38,313	40,057	42,893	47,335	50,682	53,612	56,044	60,010	65,710	76,357
+ Property, Plant & Equip, Net	22,353	23,809	26,122	28,757	31,206	32,842	34,329	36,944	41,155	44,440	46,748	49,457	52,859	58,369	67,880
+ Property, Plant & Equip	35,654	37,603	40,573	43,883	46,861	49,404	51,624	55,020	60,596	64,128	67,171	70,560	75,176	82,500	92,541
- Accumulated Depreciation	13,300	13,793	14,451	15,126	15,655	16,562	17,295	18,076	19,441	19,688	20,423	21,103	22,317	24,131	24,661
+ LT Investments & Receivables	1,464	1,618	1,756	1,833	1,903	2,092	2,397	2,317	2,731	3,096	3,628	3,234	3,599	3,896	4,389
+ LT Investments	1,464	1,618	1,756	1,833	1,903	2,092	2,397	2,317	2,731	3,096	3,628	3,234	3,599	3,896	4,389
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2,698	3,088	2,811	3,004	2,942	3,379	3,331	3,632	3,449	3,146	3,236	3,353	3,552	3,445	4,088
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	2,698	3,088	2,811	3,004	2,942	3,379	3,331	3,632	3,449	3,146	3,236	3,353	3,552	3,445	4,088
Total Assets	29,497	31,141	33,907	36,958	38,821	41,155	43,030	45,987	50,448	53,957	57,851	61,188	64,079	70,035	81,371
+ Payables & Accruals	1,495	1,588	1,939	1,880	1,728	1,847	2,048	2,056	2,164	2,249	2,436	2,858	2,765	2,910	3,578
+ Accounts Payable	902	959	1,261	1,173	961	1,045	1,243	1,237	1,294	1,237	1,409	1,804	1,668	1,781	2,307
+ Accrued Taxes	290	334	379	397	438	457	448	450	466	578	569	569	557	535	579
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	304	294	299	310	329	345	357	369	404	434	458	485	540	594	692
+ ST Debt	1,279	860	1,040	1,277	1,503	647	1,271	1,444	1,491	1,219	1,811	2,181	1,563	2,025	2,161
+ ST Borrowings	1,279	860	1,040	1,277	1,503	647	1,271	1,444	1,297	1,005	1,606	1,964	1,337	1,798	2,051
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	194	214	205	217	226	227	110
+ Other ST Liabilities	814	489	676	907	827	753	769	960	913	771	799	1,039	1,324	1,524	1,350
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	814	489	676	907	827	753	769	960	913	771	799	1,039	1,324	1,524	1,350
Total Current Liabilities	3,589	2,937	3,654	4,065	4,058	3,247	4,088	4,460	4,568	4,239	5,046	6,078	5,652	6,459	7,089
+ LT Debt	8,849	10,144	10,911	11,500	12,399	14,195	14,520	15,803	18,956	20,989	22,925	23,851	25,951	28,183	32,620
+ LT Borrowings	8,849	10,144	10,911	11,500	12,399	14,195	14,520	15,803	17,407	19,645	21,779	22,813	24,913	27,316	31,832
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1,549	1,344	1,146	1,038	1,038	867	788
+ Other LT Liabilities	8,578	9,186	9,776	11,179	11,763	12,692	12,967	13,502	13,685	14,154	14,268	14,584	14,860	15,871	18,053
+ Accrued Liabilities	4,355	4,771	5,686	6,184	6,451	7,042	4,096	4,418	4,761	4,988	5,143	4,985	5,112	5,525	7,395
+ Pension Liabilities	1,002	1,163	769	937	941	1,112	1,042	994	785	666	306	390	469	477	365
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	3,221	3,252	3,321	4,059	4,372	4,538	7,829	8,090	8,139	8,500	8,819	9,209	9,279	9,869	10,293
Total Noncurrent Liabilities	17,426	19,330	20,687	22,679	24,162	26,887	27,487	29,305	32,641	35,143	37,193	38,435	40,811	44,054	50,673
Total Liabilities	21,015	22,267	24,342	26,743	28,221	30,134	31,575	33,765	37,209	39,382	42,239	44,513	46,463	50,513	57,762
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	6,544	6,573	6,864	7,102	7,158	7,149	7,167	7,453	7,967	8,748	9,163	9,529	9,852	11,037	14,465
+ Common Stock	1,216	1,220	1,245	1,264	1,269	1,268	1,269	1,285	1,311	1,344	1,360	1,374	1,387	1,436	1,559
+ Additional Paid in Capital	5,327	5,353	5,619	5,837	5,889	5,881	5,898	6,168	6,656	7,404	7,803	8,155	8,465	9,601	12,906
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	2,033	2,414	2,808	3,221	3,553	3,982	4,413	4,893	5,413	5,968	6,572	7,239	7,858	8,553	9,207
+ Other Equity	-94	-113	-106	-108	-110	-110	-125	-124	-141	-141	-123	-93	-94	-68	-63
Equity Before Minority Interest	8,482	8,874	9,566	10,214	10,601	11,021	11,455	12,222	13,239	14,575	15,612	16,675	17,616	19,522	23,609
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	8,482	8,874	9,566	10,214	10,601	11,021	11,455	12,222	13,239	14,575	15,612	16,675	17,616	19,522	23,609
Total Liabilities & Equity	29,497	31,141	33,907	36,958	38,821	41,155	43,030	45,987	50,448	53,957	57,851	61,188	64,079	70,035	81,371
Shares Outstanding	486	488	498	506	508	507	508	514	525	537	544	550	555	574	624
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	1,743	1,558	1,351	1,255	1,264	1,094	898
Net Debt	10,067	10,922	11,843	12,697	13,817	14,757	15,708	17,100	18,456	20,521	23,219	24,666	26,121	28,935	33,609
Net Debt to Equity	118.68	123.07	123.81	124.31	130.34	133.9	137.13	139.91	139.41	140.8	148.73	147.92	148.28	148.22	142.36
Tangible Common Equity Ratio	28.76	28.5	28.21	27.64	27.31	26.78	26.62	26.58	26.24	27.01	26.99	27.25	27.49	27.87	29.01
Current Ratio	0.83	0.89	0.88	0.83	0.68	0.88	0.73	0.69	0.68	0.77	0.84	0.85	0.72	0.67	0.71
Cash Conversion Cycle	8.06	6.64	-2.55	-4.26	1.68	3.29	-3.25	-8.41	-11.76	-12.72	-6.08	-4.75	-9.77	-17.57	-29.45

Cash Flow Statement (USD)

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	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	841	905	948	1,021	984	1,123	1,148	1,261	1,372	1,473	1,597	1,736	1,771	1,936	2,018
+ Depreciation & Amortization	1,010	1,046	1,100	1,151	1,249	1,436	1,609	1,781	1,904	2,082	2,257	2,554	2,567	2,875	3,082
+ Non-Cash Items	522	446	478	567	717	561	601	150	252	-152	-221	-243	-203	2	95
+ Stock-Based Compensation	45	27	25	32	45	41	57	45	58	73	31	20	25	33	46
+ Deferred Income Taxes	460	501	509	564	531	587	640	218	143	-8	-79	-140	-59	225	414
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	17	-83	-55	-29	141	-67	-96	-113	51	-217	-173	-123	-169	-256	-365
+ Chg in Non-Cash Work Cap	33	-392	57	-80	88	-68	-232	-70	-265	-555	-1,444	-115	1,192	-172	-1,112
+ (Inc) Dec in Accts Receiv	-60	-172	-133	-166	140	-158	-94	-96	22	-157	-313	-672	225	40	-177
+ (Inc) Dec in Inventories	-57	83	-44	-21	-11	1	-3	-65	-84	-80	-126	-203	-98	-140	-300
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	14	-100	132	-53	-120	118	43	90	-12	-33	138	195	-149	37	-50
+ Inc (Dec) in Other	136	-203	101	160	79	-29	-178	1	-191	-285	-1,143	565	1,214	-109	-585
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2,406	2,005	2,584	2,659	3,038	3,052	3,126	3,122	3,263	2,848	2,189	3,932	5,327	4,641	4,083
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-2,206	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-2,206	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	39	-10	232	181	7	-32	-3	229	458	727	366	322	270	1,117	3,349
+ Increase in Capital Stock	39	8	232	181	7	- -	- -	230	458	727	366	322	270	1,117	3,349
+ Decrease in Capital Stock	- -	-19	- -	- -	- -	-32	-3	-1	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	10	-15	-21	-7	-21	-68	-28	-20	-20	-20	-14	-35	-35	-37	-3
+ Dec in LT Investment	2,200	1,087	1,461	588	1,237	479	1,669	833	975	1,378	743	1,297	959	961	1,197
+ Inc in LT Investment	-2,189	-1,102	-1,482	-596	-1,258	-547	-1,697	-853	-995	-1,398	-757	-1,332	-994	-998	-1,200
+ Net Cash From Acq & Div	-2	-1	-8	-2	-2	-4	-17	- -	- -	684	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	684	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-2	-1	-8	-2	-2	-4	-17	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-50	-2,317	-3,185	-3,108	-3,600	-3,189	-3,251	-3,966	-4,323	-5,404	-4,273	-4,618	-5,891	-7,391	-10,966
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-2,248	-2,333	-3,213	-3,117	-3,623	-3,261	-3,296	-3,986	-4,343	-4,740	-4,287	-4,653	-5,926	-7,428	-10,969
+ Dividends Paid	-475	-487	-514	-561	-607	-681	-721	-730	-791	-856	-935	-1,012	-1,092	-1,175	-1,282
+ Net Cash From Debt	583	487	779	562	1,375	1,388	488	1,223	1,971	1,939	2,293	1,371	1,451	2,901	4,050
+ Cash From Debt	689	1,790	1,432	838	1,626	2,424	1,518	1,675	2,920	2,940	2,710	2,164	2,630	3,647	5,763
+ Repayments of Debt	-106	-1,303	-652	-276	-251	-1,036	-1,030	-452	-949	-1,001	-417	-793	-1,179	-746	-1,713
+ Other Financing Activities	-352	360	157	249	-185	-466	404	206	-457	-37	411	-15	-12	-6	864
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-205	350	654	430	590	209	168	928	1,181	1,773	2,135	666	617	2,837	6,981
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-48	22	25	-28	5	- -	-2	64	101	-119	37	-55	18	50	95
EBITDA	2,787	2,862	2,939	3,092	3,245	3,676	3,832	3,746	4,008	4,198	4,460	4,982	5,155	5,261	5,961
EBITDA Margin (%)	26.15	28.25	26.93	26.46	29.44	33.1	33.6	32.47	34.76	36.42	33.21	32.54	36.29	39.14	40.64
Free Cash Flow	200	2,005	2,584	2,659	3,038	3,052	3,126	3,122	3,263	2,848	2,189	3,932	5,327	4,641	4,083
Net Cash Paid for Acquisitions	2	1	8	2	2	4	17	- -	- -	-684	- -	- -	- -	- -	- -
Free Cash Flow to Firm	546	2,367	2,919	2,993	3,389	3,444	3,536	3,692	3,912	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	674	2,492	3,363	3,221	4,413	4,440	3,614	4,345	5,234	4,787	4,482	5,303	6,778	7,542	8,133
Free Cash Flow per Basic Share	0.41	4.11	5.21	5.28	5.98	6	6.14	6.11	6.29	5.4	4.06	7.19	9.65	8.24	6.96
Price/Free Cash Flow	2.91	6.51	5.37	6.81	6.01	6.79	7.83	8.06	10.12	12.36	16.7	9.75	6.42	8.19	10.65
Cash Flow to Net Income	2.86	2.21	2.73	2.6	3.09	2.72	2.72	2.48	2.38	1.93	1.37	2.26	3.01	2.4	2.02
Capital Expenditures	-2,206	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -