American Tower Corporation

AMT

AMTAmerican Tower Corporation US flag

New York Stock Exchange

179.38

USD

+2.95

- -

83.57BMarket 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	2,444	2,876	3,361	4,100	4,772	5,786	6,664	7,440	7,580	8,042	9,357	9,645	10,012	10,127	10,645
+ Sales & Services Revenue	2,444	2,876	3,361	4,100	4,772	5,786	6,664	7,440	7,580	8,042	9,357	9,645	10,012	10,127	10,645
- Cost of Revenue	619	721	858	1,092	1,307	1,788	2,057	2,174	2,214	2,227	2,682	2,569	2,562	2,574	2,748
+ Cost of Goods & Services	619	721	858	1,092	1,307	1,788	2,057	2,174	2,214	2,227	2,682	2,569	2,562	2,574	2,748
Gross Profit	1,825	2,155	2,503	3,008	3,465	3,998	4,607	5,266	5,366	5,814	6,675	7,076	7,451	7,553	7,896
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	905	1,036	1,289	1,521	1,852	2,091	2,365	2,881	2,539	2,687	3,346	4,154	3,914	2,950	2,967
+ Selling, General & Admin	291	329	417	448	500	546	637	736	733	779	812	902	946	933	941
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	614	706	872	1,072	1,352	1,545	1,728	2,144	1,805	1,908	2,535	3,251	2,968	2,016	2,027
Operating Income (Loss)	920	1,120	1,214	1,487	1,613	1,907	2,243	2,385	2,828	3,128	3,328	2,923	3,537	4,603	4,929
- Non-Operating (Income) Loss	413	418	673	621	783	781	986	1,230	911	1,306	499	837	2,008	978	1,885
+ Interest Expense, Net	290	380	426	556	568	681	703	771	767	754	830	1,087	1,270	1,269	1,225
+ Interest Expense	313	403	460	582	597	718	750	826	814	794	871	1,136	1,388	1,404	1,359
- Interest Income	23	23	33	26	28	38	46	55	47	40	40	49	119	135	134
+ Other Non-Op (Income) Loss	123	39	246	66	215	100	283	459	144	553	-332	-250	738	-291	660
Pretax Income	507	701	542	866	830	1,126	1,256	1,155	1,916	1,821	2,829	2,086	1,529	3,625	3,044
- Income Tax Expense (Benefit)	125	107	60	63	158	156	31	-110	- -	130	262	113	91	366	416
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	382	594	482	803	672	970	1,225	1,265	1,917	1,692	2,568	1,973	1,438	3,258	2,628
- Net Extraordinary Losses (Gains)	-29	-87	-138	-43	-26	28	-27	57	58	2	- -	138	-161	1,029	198
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-276	-71	-978	- -
+ Extraord. & Accounting Changes	-29	-87	-138	-43	-26	28	-27	57	58	2	- -	415	-90	2,007	198
Income (Loss) Incl. MI	411	681	620	847	698	942	1,252	1,208	1,859	1,690	2,568	1,835	1,600	2,230	2,430
- Minority Interest	15	43	69	22	13	-14	14	-28	-29	-1	- -	69	116	-25	-99
Net Income, GAAP	396	637	551	825	685	956	1,239	1,236	1,888	1,691	2,568	1,766	1,483	2,255	2,530
- Preferred Dividends	- -	- -	- -	24	90	107	87	9	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	396	637	551	801	595	849	1,152	1,227	1,888	1,691	2,568	1,766	1,483	2,255	2,530
EBIT	920	1,120	1,214	1,487	1,613	1,907	2,243	2,385	2,828	3,128	3,328	2,923	3,537	4,603	4,929
EBITDA	1,476	1,764	2,014	2,491	2,898	3,432	3,958	4,495	4,606	5,010	5,661	6,278	6,623	6,728	6,971
EBITDA Margin (%)	60.39	61.34	59.93	60.75	60.74	59.32	59.4	60.42	60.76	62.3	60.5	65.09	66.15	66.43	65.49
EBITA	920	1,120	1,214	1,487	1,613	1,907	2,243	2,385	2,828	3,128	3,328	2,923	3,537	4,603	4,929
Gross Margin (%)	74.68	74.94	74.47	73.36	72.61	69.1	69.14	70.77	70.79	72.3	71.34	73.36	74.42	74.58	74.18
Operating Margin (%)	37.66	38.93	36.12	36.27	33.8	32.95	33.65	32.05	37.3	38.89	35.57	30.3	35.32	45.45	46.31
Profit Margin (%)	16.22	22.16	16.4	20.12	14.36	16.53	18.59	16.62	24.9	21.02	27.44	18.31	14.81	22.27	23.76
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.35	0.9	1.1	1.06	1.9	2.34	2.72	3.05	3.62	4.35	5.03	5.7	6.33	6.58	6.75
Depreciation Expense	556	644	800	1,004	1,285	1,526	1,716	2,111	1,778	1,882	2,333	3,355	3,086	2,125	2,042
Basic Weighted Avg Shares	396	395	395	396	419	425	428	440	442	444	451	462	466	467	468
Basic EPS, GAAP	1	1.61	1.4	2.02	1.42	2	2.69	2.79	4.27	3.81	5.69	3.83	3.18	4.83	5.41
Basic EPS from Cont Ops	0.96	1.5	1.22	2.03	1.6	2.28	2.86	2.88	4.33	3.81	5.69	4.28	3.09	6.98	5.62
Diluted Weighted Avg Shares	400	399	399	400	423	429	432	443	446	446	453	463	467	468	469
Diluted EPS, GAAP	0.99	1.6	1.38	2	1.41	1.98	2.67	2.77	4.24	3.79	5.66	3.82	3.18	4.82	5.4
Diluted EPS from Cont Ops	0.95	1.49	1.21	2.01	1.59	2.26	2.84	2.86	4.3	3.79	5.66	4.26	3.08	6.96	5.61

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	775	836	986	958	996	1,690	2,038	2,385	2,554	2,906	3,729	3,622	3,710	3,179	2,742
+ Cash, Cash Equivalents & STI	352	375	312	320	321	791	803	1,209	1,501	1,746	1,950	2,028	1,754	2,000	1,475
+ Cash & Cash Equivalents	330	369	294	313	321	787	802	1,209	1,501	1,746	1,950	2,028	1,754	2,000	1,475
+ ST Investments	22	6	19	6	- -	4	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	182	199	254	248	292	398	686	671	676	755	1,082	1,126	813	785	890
+ Accounts Receivable, Net	101	144	151	199	227	308	514	459	462	512	729	758	548	540	650
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	81	55	102	49	64	89	172	212	214	243	354	367	266	245	239
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	241	263	420	390	384	501	549	505	377	404	697	468	1,143	394	377
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	11,467	13,253	19,298	20,306	25,908	29,189	31,176	30,625	40,248	44,328	66,158	63,572	62,318	57,899	60,449
+ Property, Plant & Equip, Net	4,982	5,766	7,178	7,590	9,866	10,517	11,101	11,247	19,442	20,598	29,009	28,917	27,068	27,146	28,783
+ Property, Plant & Equip	7,889	9,047	10,844	11,659	14,397	15,652	16,950	17,717	26,683	28,462	37,629	38,796	37,581	38,152	40,888
- Accumulated Depreciation	2,908	3,281	3,667	4,069	4,531	5,134	5,849	6,470	7,241	7,864	8,620	9,879	10,513	11,006	12,105
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	6,486	7,487	12,120	12,716	16,041	18,672	20,075	19,378	20,806	23,730	37,149	34,655	35,249	30,752	31,666
+ Total Intangible Assets	5,171	6,049	10,425	10,856	13,930	16,345	17,422	16,676	18,497	21,122	34,077	30,940	28,016	26,242	26,786
+ Goodwill	2,676	2,843	3,855	4,032	4,092	5,071	5,638	5,502	6,178	7,283	13,350	12,957	12,084	11,768	12,256
+ Other Intangible Assets	2,495	3,206	6,570	6,824	9,838	11,275	11,783	11,174	12,318	13,840	20,727	17,983	15,932	14,474	14,531
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1,314	1,439	1,695	1,859	2,112	2,327	2,654	2,702	2,309	2,608	3,072	3,715	7,234	4,510	4,880
Total Assets	12,242	14,089	20,284	21,264	26,904	30,879	33,214	33,010	42,802	47,234	69,888	67,194	66,028	61,077	63,190
+ Payables & Accruals	587	448	700	798	939	1,147	1,468	1,631	1,771	1,935	2,582	2,569	2,594	2,477	2,616
+ Accounts Payable	216	90	173	90	97	119	143	131	148	139	272	219	251	241	260
+ Accrued Taxes	47	37	55	61	88	151	195	228	253	240	340	300	211	220	184
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	324	322	473	647	755	877	1,131	1,273	1,369	1,556	1,970	2,051	2,132	2,016	2,173
+ ST Debt	102	60	70	897	50	239	775	2,755	3,423	1,330	5,281	5,303	3,758	4,270	3,973
+ ST Borrowings	102	60	70	897	50	239	775	2,755	2,928	790	4,569	4,514	3,067	3,693	3,388
+ ST Finance Leases	102	- -	- -	- -	- -	- -	- -	- -	494	540	713	789	690	577	585
+ Other ST Liabilities	92	124	162	234	211	245	269	304	294	391	1,204	440	897	329	325
+ Deferred Revenue	92	124	162	234	211	245	269	304	294	391	1,204	440	434	329	325
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	463	- -	- -
Total Current Liabilities	781	632	933	1,930	1,200	1,631	2,512	4,690	5,488	3,656	9,067	8,312	7,249	7,076	6,914
+ LT Debt	7,134	8,693	14,408	13,643	17,069	18,295	19,430	18,405	27,638	35,382	46,727	41,748	42,549	39,684	40,991
+ LT Borrowings	7,134	8,693	14,408	13,643	17,069	18,295	19,430	18,405	21,127	28,498	38,686	34,156	35,734	32,809	33,832
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	6,510	6,884	8,042	7,592	6,815	6,876	7,159
+ Other LT Liabilities	916	1,080	1,353	1,638	1,923	2,886	3,318	3,011	3,089	3,415	5,024	4,726	5,364	4,669	4,930
+ Accrued Liabilities	352	419	552	719	907	1,642	1,874	1,547	1,294	1,436	2,371	1,982	1,786	1,262	1,440
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	564	661	801	918	1,016	1,244	1,443	1,464	1,795	1,980	2,653	2,745	3,578	3,407	3,490
Total Noncurrent Liabilities	8,051	9,773	15,761	15,281	18,991	21,180	22,748	21,416	30,727	38,798	51,751	46,474	47,913	44,353	45,921
Total Liabilities	8,832	10,405	16,694	17,210	20,191	22,812	25,260	26,106	36,215	42,453	60,818	54,786	55,162	51,429	52,835
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	4,908	5,016	5,135	5,793	9,695	10,048	10,252	10,385	10,122	10,478	12,245	14,694	14,878	15,062	15,220
+ Common Stock	4	4	4	4	4	4	4	4	4	5	5	5	5	5	5
+ Additional Paid in Capital	4,904	5,012	5,131	5,789	9,691	10,044	10,248	10,381	10,118	10,474	12,240	14,689	14,873	15,057	15,215
- Treasury Stock	- -	63	208	208	208	208	974	1,207	1,226	1,282	1,282	1,301	1,301	1,301	1,666
+ Retained Earnings	-1,478	-1,197	-1,081	-837	-999	-1,077	-1,058	-1,200	-1,017	-1,343	-1,142	-2,102	-3,639	-4,424	-5,086
+ Other Equity	-143	-183	-311	-794	-1,837	-1,999	-1,978	-2,643	-2,824	-3,759	-4,739	-5,718	-5,740	-5,955	-4,816
Equity Before Minority Interest	3,287	3,573	3,534	3,954	6,652	6,764	6,242	5,336	5,055	4,094	5,081	5,572	4,198	3,382	3,652
+ Minority/Non Controlling Interest	123	111	56	100	61	1,304	1,713	1,568	1,532	687	3,988	6,836	6,667	6,266	6,703
Total Equity	3,410	3,684	3,590	4,053	6,713	8,068	7,954	6,904	6,587	4,780	9,070	12,408	10,865	9,649	10,355
Total Liabilities & Equity	12,242	14,089	20,284	21,264	26,904	30,879	33,214	33,010	42,802	47,234	69,888	67,194	66,028	61,077	63,190
Shares Outstanding	394	395	395	397	424	427	429	441	443	444	456	466	466	467	466
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	102	- -	- -	- -	- -	- -	- -	- -	7,005	7,424	8,754	8,381	7,506	7,452	7,744
Net Debt	6,906	8,385	14,185	14,227	16,798	17,746	19,403	19,951	22,554	27,541	41,304	36,642	37,048	34,502	35,746
Net Debt to Equity	202.52	227.59	395.11	350.99	250.24	219.97	243.93	288.96	342.41	576.12	455.41	295.3	340.97	357.58	345.19
Tangible Common Equity Ratio	-24.91	-29.41	-69.33	-65.37	-55.62	-56.96	-59.95	-59.82	-49	-62.59	-69.83	-51.12	-45.12	-47.64	-45.13
Current Ratio	0.99	1.32	1.06	0.5	0.83	1.04	0.81	0.51	0.47	0.79	0.41	0.44	0.51	0.45	0.4
Cash Conversion Cycle	-136.44	-61.87	-39.82	-28.4	-9.82	-5.09	-0.7	0.89	-0.81	-1.43	-3.81	-6.74	-9.68	-15.29	-12.84

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	382	594	482	803	672	970	1,225	1,265	1,917	1,692	2,568	1,697	1,367	2,280	2,628
+ Depreciation & Amortization	556	644	800	1,004	1,285	1,526	1,716	2,111	1,778	1,882	2,333	3,355	3,086	2,125	2,042
+ Non-Cash Items	291	182	335	170	361	312	336	387	308	731	-182	264	1,083	1,272	960
+ Stock-Based Compensation	47	52	68	80	90	90	108	138	111	121	120	169	196	204	174
+ Deferred Income Taxes	57	29	-29	1	8	27	-87	-303	-55	-22	-41	-237	-182	52	42
+ Asset Impairment Charge	17	34	33	26	30	51	242	480	140	240	196	684	740	97	83
+ Other Non-Cash Adj	169	67	264	63	233	144	72	73	112	393	-457	-353	329	920	661
+ Chg in Non-Cash Work Cap	-62	-6	-18	157	-152	-106	-352	-14	-250	-424	102	-1,619	-814	-386	-167
+ (Inc) Dec in Accts Receiv	-29	-44	-19	-85	-56	11	-191	-32	12	-176	-192	-79	-34	-103	-62
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-44	85	-96	-1	-91	-80	-180	-102	-68	84	-33	-196	-343	33	-1
+ Inc (Dec) in Accts Payable	108	47	135	80	80	-8	105	78	-14	-71	76	-42	117	38	-21
+ Inc (Dec) in Other	-98	-94	-38	163	-84	-29	-86	42	-181	-262	251	-1,303	-554	-354	-83
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,166	1,414	1,599	2,135	2,167	2,702	2,926	3,748	3,753	3,881	4,820	3,696	4,722	5,290	5,464
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-523	-568	-725	-974	-729	-682	-804	-913	-991	-1,032	-1,377	-1,874	-1,798	-1,590	-1,680
+ Acq of Fixed Prod Assets	-523	-568	-725	-974	-729	-682	-804	-913	-991	-1,032	-1,377	-1,874	-1,798	-1,590	-1,680
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-437	-63	-145	- -	2,440	- -	-766	-233	-20	-56	2,362	2,273	- -	- -	-365
+ Increase in Capital Stock	- -	- -	- -	- -	2,440	- -	- -	- -	- -	- -	2,362	2,292	- -	- -	- -
+ Decrease in Capital Stock	-437	-63	-145	- -	- -	- -	-766	-233	-20	-56	- -	-19	- -	- -	-365
+ Net Change in LT Investment	27	22	-6	40	10	12	15	98	28	20	-11	20	17	253	295
+ Dec in LT Investment	70	375	422	1,435	1,032	13	15	1,252	384	20	14	20	17	253	295
+ Inc in LT Investment	-43	-352	-427	-1,395	-1,023	-1	- -	-1,154	-356	- -	-25	- -	- -	- -	- -
+ Net Cash From Acq & Div	-2,321	-1,998	-4,462	-1,011	-1,961	-1,411	-2,007	-1,881	-2,960	-3,799	-19,304	-549	-168	2,036	-454
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,159	- -
+ Cash for Acq of Subs	-2,321	-1,998	-4,462	-1,011	-1,961	-1,411	-2,007	-1,881	-2,960	-3,799	-19,304	-549	-168	-123	-454
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	25	-15	19	-4	-5,061	-21	-5	-53	-64	27	-1	48	253	-288	-20
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-2,791	-2,558	-5,173	-1,950	-7,742	-2,102	-2,801	-2,750	-3,988	-4,785	-20,692	-2,355	-1,696	411	-1,860
+ Dividends Paid	-138	-356	-435	-421	-796	-993	-1,164	-1,342	-1,603	-1,928	-2,271	-2,630	-2,949	-3,075	-3,157
+ Net Cash From Debt	1,450	1,549	2,265	-210	1,694	589	1,474	460	2,680	4,152	13,787	-4,113	-1,283	-1,919	-372
+ Cash From Debt	1,845	4,208	7,631	3,705	8,173	5,683	8,033	5,348	11,927	18,096	26,966	5,512	11,947	10,510	9,078
+ Repayments of Debt	-395	-2,659	-5,367	-3,915	-6,479	-5,094	-6,560	-4,888	-9,246	-13,944	-13,178	-9,626	-13,230	-12,430	-9,450
+ Other Financing Activities	211	39	1,840	496	2,254	304	344	507	-536	-952	2,546	3,047	1,135	-458	-314
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	1,086	1,170	3,526	-135	5,593	-99	-113	-608	522	1,215	16,424	-1,423	-3,097	-5,452	-4,208
Effect of Foreign Exchange Rates	-15	12	-26	-31	-29	-26	7	-41	-14	-29	-70	-120	23	-234	101
Net Changes in Cash	-539	26	-49	50	18	500	12	391	287	312	552	-82	-70	249	-604
EBITDA	1,476	1,764	2,014	2,491	2,898	3,432	3,958	4,495	4,606	5,010	5,661	6,278	6,623	6,728	6,971
EBITDA Margin (%)	60.39	61.34	59.93	60.75	60.74	59.32	59.4	60.42	60.76	62.3	60.5	65.09	66.15	66.43	65.49
Free Cash Flow	643	846	875	1,160	1,438	2,019	2,122	2,835	2,761	2,850	3,443	1,823	2,924	3,700	3,784
Net Cash Paid for Acquisitions	2,321	1,998	4,462	1,011	1,961	1,411	2,007	1,881	2,960	3,799	19,304	549	168	-2,036	454
Free Cash Flow to Firm	879	1,188	1,284	1,700	1,921	2,638	2,853	- -	- -	3,587	4,234	2,897	4,230	4,963	4,957
Free Cash Flow to Equity	2,093	2,396	3,139	927	3,042	2,502	3,508	3,286	5,442	7,002	17,231	-2,290	1,641	1,781	3,411
Free Cash Flow per Basic Share	1.62	2.14	2.21	2.93	3.43	4.75	4.96	6.45	6.24	6.42	7.63	3.95	6.27	7.92	8.09
Price/Free Cash Flow	14.22	15.56	13.71	12.72	14.16	13.41	16.52	15.03	21.58	20.38	21.4	17.6	15.47	12.48	11.52
Cash Flow to Net Income	2.94	2.22	2.9	2.59	3.16	2.82	2.36	3.03	1.99	2.3	1.88	2.09	3.18	2.35	2.16
Capital Expenditures	-523	-568	-725	-974	-729	-682	-804	-913	-991	-1,032	-1,377	-1,874	-1,798	-1,590	-1,680