The Estée Lauder Companies Inc.

ELThe Estée Lauder Companies Inc. US flag

New York Stock Exchange

83.76

USD

-0.77

- -

30.29BMarket 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	06/30/2011	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025

Sales/Revenue/Turnover	8,810	9,714	10,182	10,969	10,780	11,262	11,824	13,683	14,863	14,294	16,215	17,737	15,910	15,608	14,326
+ Sales & Services Revenue	8,810	9,714	10,182	10,969	10,780	11,262	11,824	13,683	14,863	14,294	16,215	17,737	15,910	15,608	14,326
- Cost of Revenue	1,937	1,996	2,026	2,158	2,100	2,181	2,434	2,844	3,387	3,552	3,834	4,305	4,564	4,424	3,729
+ Cost of Goods & Services	1,937	1,996	2,026	2,158	2,100	2,181	2,434	2,844	3,387	3,552	3,834	4,305	4,564	4,424	3,729
Gross Profit	6,873	7,718	8,156	8,811	8,680	9,081	9,390	10,839	11,476	10,742	12,381	13,432	11,346	11,184	10,597
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	5,697	6,325	6,597	6,986	7,074	7,338	7,460	8,553	8,857	8,637	9,371	9,888	9,575	9,621	9,456
+ Selling, General & Admin	5,697	6,325	6,597	6,986	7,074	7,338	7,460	8,553	8,857	8,637	9,371	9,888	9,575	9,621	9,456
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	1,176	1,393	1,559	1,825	1,606	1,743	1,930	2,286	2,619	2,105	3,010	3,544	1,771	1,563	1,141
- Non-Operating (Income) Loss	151	132	84	48	45	188	313	306	312	1,059	-321	508	374	791	2,181
+ Interest Expense, Net	64	61	55	51	45	55	75	72	75	113	122	137	124	211	243
+ Interest Expense	64	61	63	59	60	71	103	128	133	161	173	167	255	378	357
- Interest Income	- -	- -	8	9	15	16	28	56	58	48	51	30	131	167	114
+ Other Non-Op (Income) Loss	87	71	29	-3	- -	133	238	234	237	946	-443	371	250	580	1,938
Pretax Income	1,026	1,261	1,475	1,777	1,561	1,555	1,617	1,980	2,307	1,046	3,331	3,036	1,397	772	-1,040
- Income Tax Expense (Benefit)	322	401	451	568	467	434	361	863	513	350	456	628	387	363	93
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	704	860	1,024	1,209	1,094	1,121	1,256	1,117	1,794	696	2,875	2,408	1,010	409	-1,133
- Net Extraordinary Losses (Gains)	6	7	8	10	10	12	14	18	18	24	10	36	8	38	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	6	7	8	10	10	12	14	18	18	24	10	36	8	38	- -
Income (Loss) Incl. MI	698	853	1,016	1,199	1,084	1,109	1,242	1,099	1,776	672	2,865	2,372	1,002	371	-1,133
- Minority Interest	-3	-4	-4	-5	-5	-6	-7	-9	-9	-12	-5	-18	-4	-19	- -
Net Income, GAAP	701	857	1,020	1,204	1,089	1,115	1,249	1,108	1,785	684	2,870	2,390	1,006	390	-1,133
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	701	857	1,020	1,204	1,089	1,115	1,249	1,108	1,785	684	2,870	2,390	1,006	390	-1,133
EBIT	1,176	1,393	1,559	1,825	1,606	1,743	1,930	2,286	2,619	2,105	3,010	3,544	1,771	1,563	1,141
EBITDA	1,471	1,689	1,896	2,209	2,015	2,158	2,394	2,817	3,176	2,716	3,661	4,271	2,515	2,388	1,970
EBITDA Margin (%)	16.69	17.39	18.62	20.14	18.69	19.16	20.25	20.59	21.37	19	22.58	24.08	15.81	15.3	13.75
EBITA	1,176	1,393	1,559	1,825	1,606	1,743	1,930	2,286	2,619	2,105	3,010	3,544	1,771	1,563	1,141
Gross Margin (%)	78.01	79.45	80.1	80.32	80.52	80.63	79.41	79.22	77.21	75.15	76.36	75.73	71.31	71.66	73.97
Operating Margin (%)	13.35	14.34	15.31	16.64	14.9	15.48	16.32	16.71	17.62	14.73	18.56	19.98	11.13	10.01	7.96
Profit Margin (%)	7.95	8.82	10.02	10.98	10.1	9.9	10.56	8.1	12.01	4.79	17.7	13.47	6.32	2.5	-7.91
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.38	0.52	1.08	0.78	0.92	1.14	1.32	1.48	1.68	1.39	2.07	2.33	2.58	2.64	1.72
Depreciation Expense	294	296	337	385	409	415	464	531	557	611	651	727	744	825	829
Basic Weighted Avg Shares	394	389	388	386	379	370	367	368	364	361	363	360	358	359	360
Basic EPS, GAAP	1.78	2.2	2.63	3.12	2.87	3.01	3.4	3.01	4.91	1.9	7.91	6.64	2.81	1.09	-3.15
Basic EPS from Cont Ops	1.79	2.21	2.64	3.13	2.88	3.03	3.42	3.04	4.94	1.93	7.92	6.69	2.82	1.14	-3.15
Diluted Weighted Avg Shares	402	397	395	393	386	377	373	376	370	367	368	365	361	361	360
Diluted EPS, GAAP	1.74	2.16	2.58	3.06	2.82	2.96	3.35	2.95	4.82	1.86	7.79	6.55	2.79	1.08	-3.15
Diluted EPS from Cont Ops	1.75	2.17	2.59	3.08	2.84	2.98	3.37	2.97	4.84	1.9	7.81	6.6	2.8	1.13	-3.15

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	06/30/2011	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025

Total Current Assets	3,686	3,855	4,297	4,825	4,184	4,225	4,964	6,168	7,212	8,892	9,768	9,298	9,139	7,922	7,069
+ Cash, Cash Equivalents & STI	1,253	1,348	1,496	1,629	1,525	1,383	1,741	2,715	2,987	5,022	4,958	3,957	4,029	3,395	2,921
+ Cash & Cash Equivalents	1,253	1,348	1,496	1,629	1,021	914	1,136	2,181	2,987	5,022	4,958	3,957	4,029	3,395	2,921
+ ST Investments	- -	- -	- -	- -	504	469	605	534	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	946	1,060	1,172	1,379	1,174	1,258	1,395	1,487	1,831	1,194	1,702	1,629	1,452	1,727	1,530
+ Accounts Receivable, Net	946	1,060	1,172	1,379	1,174	1,258	1,395	1,487	1,831	1,194	1,702	1,629	1,452	1,727	1,530
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	996	984	1,114	1,294	1,216	1,264	1,479	1,618	2,006	2,062	2,505	2,920	2,979	2,175	2,074
+ Raw Materials	427	221	274	318	307	306	334	432	541	542	674	791	876	696	631
+ Work In Process	94	98	117	192	169	177	194	222	268	305	330	366	362	308	283
+ Finished Goods	475	665	723	784	740	781	951	964	1,197	1,215	1,501	1,763	1,741	1,171	1,160
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	492	464	516	523	268	320	349	348	388	614	603	792	679	625	544
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	2,587	2,738	2,848	3,044	4,043	4,998	6,604	6,399	5,944	8,889	12,203	11,612	14,276	13,755	12,823
+ Property, Plant & Equip, Net	1,143	1,232	1,351	1,503	1,490	1,583	1,671	1,823	2,068	4,337	4,470	4,599	4,976	4,969	5,124
+ Property, Plant & Equip	2,862	2,968	3,228	3,530	3,580	3,796	4,019	4,435	4,831	7,416	7,808	8,089	8,705	8,999	9,677
- Accumulated Depreciation	1,719	1,737	1,877	2,027	2,089	2,213	2,348	2,612	2,763	3,079	3,338	3,490	3,729	4,030	4,553
+ LT Investments & Receivables	- -	- -	- -	14	420	1,108	1,026	843	177	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	14	420	1,108	1,026	843	177	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,444	1,506	1,497	1,527	2,133	2,307	3,907	3,733	3,699	4,552	7,733	7,013	9,300	8,786	7,699
+ Total Intangible Assets	1,105	1,073	1,051	1,050	1,471	1,572	3,243	3,202	3,071	3,739	6,711	5,949	8,088	7,326	5,894
+ Goodwill	877	883	882	893	1,145	1,228	1,916	1,926	1,868	1,401	2,616	2,521	2,486	2,143	2,135
+ Other Intangible Assets	228	190	170	157	327	344	1,327	1,276	1,203	2,338	4,095	3,428	5,602	5,183	3,759
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	340	433	446	477	661	735	664	531	628	813	1,022	1,064	1,212	1,460	1,805
Total Assets	6,274	6,593	7,145	7,869	8,227	9,223	11,568	12,567	13,156	17,781	21,971	20,910	23,415	21,677	19,892
+ Payables & Accruals	1,383	1,475	1,483	1,570	1,637	1,845	2,112	2,515	3,201	2,936	3,895	4,177	4,017	3,941	4,161
+ Accounts Payable	447	494	482	524	635	717	835	1,182	1,490	1,177	1,692	1,822	1,670	1,440	1,497
+ Accrued Taxes	187	97	81	114	142	163	190	190	- -	250	359	345	222	335	282
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	749	884	920	932	859	965	1,087	1,143	1,711	1,509	1,844	2,010	2,125	2,166	2,382
+ ST Debt	138	219	18	18	30	332	189	183	516	1,597	411	633	1,354	858	409
+ ST Borrowings	138	219	18	18	30	332	189	183	516	1,222	32	268	997	504	3
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	375	379	365	357	354	406
+ Other ST Liabilities	422	431	433	468	463	504	522	612	888	646	992	1,005	869	903	865
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	33	314	222	322	312	323	327	314
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	422	431	433	468	463	504	522	579	574	424	670	693	546	576	551
Total Current Liabilities	1,943	2,126	1,935	2,057	2,130	2,681	2,823	3,310	4,605	5,179	5,298	5,815	6,240	5,702	5,435
+ LT Debt	1,080	1,069	1,326	1,325	1,595	1,910	3,383	3,361	2,896	7,192	7,688	7,012	8,815	8,968	9,058
+ LT Borrowings	1,080	1,069	1,326	1,325	1,595	1,910	3,383	3,361	2,896	4,914	5,537	5,144	7,117	7,267	7,314
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,278	2,151	1,868	1,698	1,701	1,744
+ Other LT Liabilities	604	651	583	618	848	1,045	960	1,186	1,244	1,448	2,037	1,651	1,943	1,693	1,534
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	604	651	583	618	848	1,045	960	1,186	1,244	1,448	2,037	1,651	1,943	1,693	1,534
Total Noncurrent Liabilities	1,684	1,720	1,909	1,943	2,443	2,955	4,343	4,547	4,140	8,640	9,725	8,663	10,758	10,661	10,592
Total Liabilities	3,627	3,846	3,843	3,999	4,573	5,636	7,166	7,857	8,745	13,819	15,023	14,478	16,998	16,363	16,027
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1,738	2,012	2,296	2,568	2,877	3,167	3,565	3,978	4,409	4,796	5,341	5,802	6,159	6,691	7,018
+ Common Stock	3	6	6	6	6	6	6	6	6	6	6	6	6	6	6
+ Additional Paid in Capital	1,736	2,006	2,290	2,563	2,872	3,161	3,559	3,972	4,403	4,790	5,335	5,796	6,153	6,685	7,012
- Treasury Stock	3,243	3,830	4,215	4,879	5,857	6,743	7,149	7,896	9,444	10,330	11,058	13,362	13,631	13,664	13,698
+ Retained Earnings	4,116	4,765	5,364	6,266	7,004	7,693	8,452	9,040	9,984	10,134	12,244	13,912	13,991	13,427	11,672
+ Other Equity	18	-213	-158	-100	-382	-545	-484	-434	-563	-665	-470	-762	-934	-1,140	-1,127
Equity Before Minority Interest	2,629	2,733	3,287	3,855	3,643	3,572	4,384	4,688	4,386	3,935	6,057	5,590	5,585	5,314	3,865
+ Minority/Non Controlling Interest	18	14	15	14	11	15	18	22	25	27	891	842	832	- -	- -
Total Equity	2,647	2,748	3,302	3,869	3,654	3,587	4,402	4,710	4,411	3,962	6,948	6,432	6,417	5,314	3,865
Total Liabilities & Equity	6,274	6,593	7,145	7,869	8,227	9,223	11,568	12,567	13,156	17,781	21,971	20,910	23,415	21,677	19,892
Shares Outstanding	395	389	388	383	375	368	368	367	361	361	362	357	358	359	360
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,653	2,530	2,233	2,055	2,055	2,150
Net Debt	-35	-60	-151	-286	604	1,328	2,436	1,363	425	1,114	611	1,455	4,085	4,376	4,396
Net Debt to Equity	-1.32	-2.17	-4.59	-7.39	16.51	37.02	55.34	28.94	9.64	28.12	8.79	22.62	63.66	82.35	113.74
Tangible Common Equity Ratio	29.83	30.34	36.93	41.34	32.31	26.34	13.92	16.1	13.29	1.59	1.55	3.23	-10.9	-14.02	-14.49
Current Ratio	1.9	1.81	2.22	2.35	1.96	1.58	1.76	1.86	1.57	1.72	1.84	1.6	1.46	1.39	1.3
Cash Conversion Cycle	131.18	132.15	146.39	167.53	156.65	136.2	139.69	113.77	106.84	112.73	127.57	128.38	133.37	93	101.7

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	06/30/2011	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	06/30/2025

+ Net Income	704	860	1,024	1,209	1,094	1,121	1,256	1,117	1,794	696	2,875	2,408	1,010	409	-1,133
+ Depreciation & Amortization	294	296	337	385	409	415	464	531	557	611	651	727	744	825	829
+ Non-Cash Items	62	28	74	137	91	108	59	350	168	984	-449	459	333	495	1,227
+ Stock-Based Compensation	95	125	146	153	165	184	219	236	243	213	327	331	267	325	304
+ Deferred Income Taxes	-24	-22	-76	-56	-53	-94	-118	175	-66	-143	-230	-149	-186	-265	-396
+ Asset Impairment Charge	38	22	18	- -	- -	- -	31	- -	90	1,426	188	241	207	471	1,286
+ Other Non-Cash Adj	-46	-96	-14	41	-21	18	-73	-61	-99	-512	-734	36	45	-36	33
+ Chg in Non-Cash Work Cap	-34	-58	-208	-195	349	145	11	564	-2	-11	554	-554	-356	631	349
+ (Inc) Dec in Accts Receiv	-125	-178	-113	-196	103	-101	-92	-105	-169	625	-398	-10	185	-285	230
+ (Inc) Dec in Inventories	-95	-41	-134	-157	-26	-69	-85	-147	-375	-3	-140	-602	-64	766	184
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-17	68	42	203	264	387	278	815	604	-477	1,135	211	-462	171	-20
+ Inc (Dec) in Other	203	94	-3	-45	8	-72	-90	1	-62	-156	-43	-153	-15	-21	-45
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1,027	1,127	1,226	1,535	1,943	1,789	1,790	2,562	2,517	2,280	3,631	3,040	1,731	2,360	1,272
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	12	- -	2	- -	- -	- -	- -	- -	3
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	12	- -	2	- -	- -	- -	- -	- -	3
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2,286	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2,286	- -	- -
+ Cash (Repurchase) of Equity	-397	-593	-388	-667	-983	-890	-413	-759	-1,555	-893	-733	-2,309	-271	-35	-35
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-397	-593	-388	-667	-983	-890	-413	-759	-1,555	-893	-733	-2,309	-271	-35	-35
+ Net Change in LT Investment	- -	- -	4	8	-902	-643	-41	271	1,215	-28	-194	98	72	-41	-24
+ Dec in LT Investment	- -	- -	7	8	305	1,373	1,226	749	1,229	- -	- -	108	80	- -	- -
+ Inc in LT Investment	- -	- -	-3	-1	-1,207	-2,016	-1,267	-478	-14	-28	-194	-10	-8	-41	-24
+ Net Cash From Acq & Div	-256	-8	-9	-9	-241	-101	-1,671	- -	- -	-1,047	-1,065	-3	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-256	-8	-9	-9	-241	-101	-1,671	- -	- -	-1,047	-1,065	-3	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-351	-421	-461	-510	-473	-525	-504	-629	-744	-623	-605	-1,040	-1,003	-919	-602
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-607	-428	-466	-512	-1,616	-1,269	-2,204	-358	473	-1,698	-1,864	-945	-3,217	-960	-623
+ Dividends Paid	-148	-204	-419	-302	-350	-423	-486	-546	-609	-503	-753	-840	-925	-947	-618
+ Net Cash From Debt	-16	-129	257	-12	286	608	1,192	-2	-1	1,968	137	-22	2,713	-362	-505
+ Cash From Debt	- -	- -	499	- -	294	616	1,498	- -	- -	2,481	596	- -	2,978	648	- -
+ Repayments of Debt	-16	-129	-242	-12	-8	-8	-306	-2	-1	-513	-459	-22	-265	-1,010	-505
+ Other Financing Activities	248	340	-62	124	152	100	337	135	-8	889	-543	135	73	-691	14
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-313	-585	-612	-857	-895	-605	630	-1,172	-2,173	1,461	-1,892	-3,036	1,590	-2,035	-1,144
Effect of Foreign Exchange Rates	25	-19	-1	-33	-40	-22	6	13	-11	-8	61	-60	-32	1	21
Net Changes in Cash	107	113	149	167	-568	-85	216	1,032	817	2,043	-125	-941	104	-635	-495
EBITDA	1,471	1,689	1,896	2,209	2,015	2,158	2,394	2,817	3,176	2,716	3,661	4,271	2,515	2,388	1,970
EBITDA Margin (%)	16.69	17.39	18.62	20.14	18.69	19.16	20.25	20.59	21.37	19	22.58	24.08	15.81	15.3	13.75
Free Cash Flow	1,027	1,127	1,226	1,535	1,943	1,789	1,790	2,562	2,517	2,280	3,631	3,040	-555	2,360	1,272
Net Cash Paid for Acquisitions	256	8	9	9	241	101	1,671	- -	- -	1,047	1,065	3	- -	- -	- -
Free Cash Flow to Firm	1,071	1,168	1,270	1,576	1,985	1,840	1,870	2,634	2,620	2,387	3,780	3,172	-371	2,560	- -
Free Cash Flow to Equity	1,010	998	1,484	1,523	2,229	2,397	2,994	2,560	2,518	4,248	3,768	3,018	4,444	1,998	770
Free Cash Flow per Basic Share	2.61	2.9	3.16	3.98	5.12	4.84	4.88	6.96	6.92	6.32	10.01	8.44	-1.55	6.57	3.53
Price/Free Cash Flow	20.61	19.07	21.18	19.01	17.2	19.16	20	20.92	26.95	30.36	32.25	30.57	17.64	16.27	22.87
Cash Flow to Net Income	1.47	1.31	1.2	1.27	1.78	1.6	1.43	2.31	1.41	3.33	1.27	1.27	1.72	6.05	-1.12
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2,286	- -	- -