IQVIA Holdings Inc.

IQV

IQVIQVIA Holdings Inc. US flag

New York Stock Exchange

171.28

USD

+3.47

- -

28.59BMarket 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	4,328	4,866	5,100	5,460	5,737	6,815	9,702	10,412	11,088	11,359	13,874	14,410	14,984	15,405	16,310
+ Sales & Services Revenue	4,328	4,866	5,100	5,460	5,737	6,815	9,702	10,412	11,088	11,359	13,874	14,410	14,984	15,405	16,310
- Cost of Revenue	3,186	3,633	3,763	3,959	4,116	4,748	6,301	6,746	7,300	7,500	9,233	9,382	9,745	10,030	10,880
+ Cost of Goods & Services	3,186	3,633	3,763	3,959	4,116	4,748	6,301	6,746	7,300	7,500	9,233	9,382	9,745	10,030	10,880
Gross Profit	1,142	1,233	1,337	1,501	1,621	2,067	3,401	3,666	3,788	3,859	4,641	5,028	5,239	5,375	5,430
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	762	818	861	902	943	1,305	2,633	2,857	2,936	3,076	3,228	3,201	3,178	3,106	3,143
+ Selling, General & Admin	762	818	861	781	815	1,016	1,622	1,716	1,734	1,789	1,964	2,071	2,053	1,992	1,999
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	121	128	289	1,011	1,141	1,202	1,287	1,264	1,130	1,125	1,114	1,144
Operating Income (Loss)	380	415	476	599	678	762	768	809	852	783	1,413	1,827	2,061	2,269	2,287
- Non-Operating (Income) Loss	195	148	153	98	139	346	474	481	500	410	285	464	602	600	696
+ Interest Expense, Net	105	131	120	97	97	140	339	406	438	410	369	403	636	623	684
+ Interest Expense	109	134	124	101	101	144	346	414	447	416	375	416	672	670	729
- Interest Income	4	3	4	4	4	4	7	8	9	6	6	13	36	47	45
+ Other Non-Op (Income) Loss	90	16	34	1	42	206	135	75	62	- -	-84	61	-34	-23	12
Pretax Income	185	267	323	501	539	416	294	328	352	373	1,128	1,363	1,459	1,669	1,591
- Income Tax Expense (Benefit)	15	93	96	149	159	325	-992	59	116	72	163	260	101	301	252
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	240	177	226	357	388	87	1,296	284	227	308	971	1,091	1,358	1,373	1,361
- Net Extraordinary Losses (Gains)	-3	-2	-1	- -	2	30	38	50	72	58	10	- -	- -	- -	2
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-3	-2	-1	- -	2	30	38	50	72	58	10	- -	- -	- -	2
Income (Loss) Incl. MI	243	178	227	357	386	57	1,258	234	155	250	961	1,091	1,358	1,373	1,359
- Minority Interest	1	1	1	- -	-1	-15	-19	-25	-36	-29	-5	- -	- -	- -	-1
Net Income, GAAP	242	178	227	357	387	72	1,277	259	191	279	966	1,091	1,358	1,373	1,360
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	242	178	227	357	387	72	1,277	259	191	279	966	1,091	1,358	1,373	1,360
EBIT	380	415	476	599	678	762	768	809	852	783	1,413	1,827	2,061	2,269	2,287
EBITDA	472	513	584	720	806	1,051	1,779	1,950	2,054	2,070	2,677	2,957	3,186	3,383	3,431
EBITDA Margin (%)	10.9	10.55	11.45	13.19	14.05	15.42	18.34	18.73	18.52	18.22	19.3	20.52	21.26	21.96	21.04
EBITA	380	415	476	599	678	762	768	809	852	783	1,413	1,827	2,061	2,269	2,287
Gross Margin (%)	26.39	25.34	26.22	27.49	28.26	30.33	35.05	35.21	34.16	33.97	33.45	34.89	34.96	34.89	33.29
Operating Margin (%)	8.77	8.53	9.34	10.97	11.82	11.18	7.92	7.77	7.68	6.89	10.18	12.68	13.75	14.73	14.02
Profit Margin (%)	5.59	3.65	4.44	6.54	6.75	1.06	13.16	2.49	1.72	2.46	6.96	7.57	9.06	8.91	8.34
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	2.3	4.53	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	92	98	108	121	128	289	1,011	1,141	1,202	1,287	1,264	1,130	1,125	1,114	1,144
Basic Weighted Avg Shares	125	125	124	128	123	149	218	204	195	191	191	188	184	181	172
Basic EPS, GAAP	1.93	1.42	1.83	2.79	3.15	0.48	5.86	1.27	0.98	1.46	5.05	5.82	7.39	7.57	7.91
Basic EPS from Cont Ops	1.92	1.41	1.82	2.79	3.15	0.58	5.95	1.39	1.16	1.61	5.07	5.82	7.39	7.57	7.92
Diluted Weighted Avg Shares	128	128	128	131	126	152	223	208	200	195	195	191	186	183	174
Diluted EPS, GAAP	1.9	1.39	1.77	2.72	3.08	0.47	5.74	1.24	0.96	1.43	4.95	5.72	7.29	7.49	7.84
Diluted EPS from Cont Ops	1.88	1.38	1.77	2.72	3.09	0.57	5.82	1.36	1.14	1.58	4.98	5.72	7.29	7.49	7.84

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	1,365	1,510	1,946	2,146	2,412	3,337	3,554	3,874	4,126	5,090	4,763	4,981	5,596	5,829	6,249
+ Cash, Cash Equivalents & STI	516	568	778	867	977	1,238	1,005	938	899	1,902	1,477	1,309	1,496	1,843	2,141
+ Cash & Cash Equivalents	516	568	778	867	977	1,198	959	891	837	1,814	1,366	1,216	1,376	1,702	1,980
+ ST Investments	- -	- -	- -	- -	- -	40	46	47	62	88	111	93	120	141	161
+ Accounts & Notes Receiv	716	763	940	1,021	1,200	1,741	2,144	2,463	2,638	2,466	2,609	2,960	3,413	3,240	3,427
+ Accounts Receivable, Net	298	347	409	445	554	998	1,229	1,279	1,312	1,181	1,275	1,329	1,473	1,390	1,668
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	419	416	531	576	646	743	915	1,184	1,326	1,285	1,334	1,631	1,940	1,850	1,759
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	133	179	227	258	235	358	405	473	589	722	677	712	687	746	681
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	957	989	1,121	1,150	1,514	17,871	19,303	18,675	19,125	19,474	19,926	20,356	21,085	21,070	23,695
+ Property, Plant & Equip, Net	186	194	200	190	188	406	440	434	954	953	903	863	819	773	823
+ Property, Plant & Equip	408	451	481	496	510	769	923	1,001	1,551	1,626	1,668	1,703	1,622	1,592	1,728
- Accumulated Depreciation	223	257	282	306	322	363	483	567	597	673	765	840	803	819	905
+ LT Investments & Receivables	34	55	63	66	85	82	78	142	152	162	164	162	239	374	432
+ LT Investments	34	55	63	66	85	82	78	142	152	162	164	162	239	374	432
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	738	740	858	894	1,241	17,383	18,785	18,099	18,019	18,359	18,859	19,331	20,027	19,923	22,440
+ Total Intangible Assets	547	575	708	745	1,088	17,117	18,441	17,751	17,673	17,859	18,244	18,741	19,406	19,209	21,578
+ Goodwill	278	302	410	464	720	10,727	11,850	11,800	12,159	12,654	13,301	13,921	14,567	14,710	16,616
+ Other Intangible Assets	269	273	298	280	368	6,390	6,591	5,951	5,514	5,205	4,943	4,820	4,839	4,499	4,962
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	190	165	151	149	153	266	344	348	346	500	615	590	621	714	862
Total Assets	2,323	2,499	3,067	3,296	3,926	21,208	22,857	22,549	23,251	24,564	24,689	25,337	26,681	26,899	29,944
+ Payables & Accruals	411	392	460	495	540	1,209	1,402	2,395	2,620	2,063	2,172	2,497	2,712	2,935	2,990
+ Accounts Payable	70	85	101	109	145	250	322	2,295	2,512	581	621	645	709	736	780
+ Accrued Taxes	47	10	36	56	35	76	72	100	108	102	137	161	116	156	140
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	294	297	324	330	360	883	1,008	- -	- -	1,380	1,414	1,691	1,887	2,043	2,070
+ ST Debt	20	56	10	1	49	92	103	100	100	149	91	152	718	1,145	1,840
+ ST Borrowings	20	56	10	1	49	92	103	100	100	149	91	152	718	1,145	1,840
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	761	861	1,011	976	1,005	1,404	1,651	1,039	1,225	2,346	2,978	2,929	3,061	2,877	3,508
+ Deferred Revenue	398	457	539	543	585	774	985	1,007	1,014	1,252	1,825	1,797	1,799	1,779	2,118
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	363	405	473	433	420	630	666	32	211	1,094	1,153	1,132	1,262	1,098	1,390
Total Current Liabilities	1,192	1,309	1,482	1,472	1,594	2,705	3,156	3,534	3,945	4,558	5,241	5,578	6,491	6,957	8,338
+ LT Debt	1,952	2,366	2,036	2,283	2,419	7,108	10,122	10,907	11,941	12,755	12,347	12,859	13,178	13,011	14,109
+ LT Borrowings	1,952	2,366	2,036	2,283	2,419	7,108	10,122	10,907	11,545	12,384	12,034	12,595	12,955	12,838	13,884
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	396	371	313	264	223	173	225
+ Other LT Liabilities	149	183	216	245	249	2,535	1,335	1,154	1,102	971	1,059	1,135	900	864	867
+ Accrued Liabilities	10	12	38	62	66	2,133	895	736	646	338	410	464	202	196	179
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	139	171	179	184	183	402	440	418	456	633	649	671	698	668	688
Total Noncurrent Liabilities	2,100	2,549	2,252	2,528	2,668	9,643	11,457	12,061	13,043	13,726	13,406	13,994	14,078	13,875	14,976
Total Liabilities	3,293	3,858	3,734	4,000	4,262	12,348	14,613	15,595	16,988	18,284	18,647	19,572	20,569	20,832	23,314
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1	5	478	144	9	10,602	10,782	10,901	11,049	11,095	10,777	21,793	11,028	11,143	11,378
+ Common Stock	1	5	478	144	9	10,602	10,782	10,901	11,049	11,095	3	10,898	3	3	3
+ Additional Paid in Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10,774	10,895	11,025	11,140	11,375
- Treasury Stock	- -	- -	- -	- -	- -	1,000	3,374	4,770	5,733	6,166	6,572	7,740	8,741	10,103	11,357
+ Retained Earnings	-994	-1,372	-1,145	-789	-462	-399	538	807	998	1,277	2,243	3,334	4,692	6,065	7,425
+ Other Equity	23	8	- -	-59	-111	-570	49	-224	-311	-205	-406	-727	-867	-1,038	-943
Equity Before Minority Interest	-970	-1,360	-667	-704	-564	8,633	7,995	6,714	6,003	6,001	6,042	5,765	6,112	6,067	6,503
+ Minority/Non Controlling Interest	1	- -	- -	- -	228	227	249	240	260	279	- -	- -	- -	- -	127
Total Equity	-970	-1,359	-667	-704	-336	8,860	8,244	6,954	6,263	6,280	6,042	5,765	6,112	6,067	6,630
Total Liabilities & Equity	2,323	2,499	3,067	3,296	3,926	21,208	22,857	22,549	23,251	24,564	24,689	25,337	26,681	26,899	29,944
Shares Outstanding	129	129	130	124	119	235	208	198	192	191	191	186	182	176	170
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	396	371	313	264	223	173	225
Net Debt	1,456	1,854	1,268	1,416	1,491	6,002	9,266	10,116	10,808	10,719	10,759	11,531	12,297	12,281	13,744
Net Debt to Equity	-150.12	-136.44	-189.95	-201.14	-443.75	67.74	112.4	145.47	172.57	170.68	178.07	200.02	201.19	202.42	207.3
Tangible Common Equity Ratio	-85.45	-100.54	-58.29	-56.78	-50.18	-201.83	-230.91	-225.03	-204.55	-172.69	-189.33	-196.73	-182.74	-170.9	-178.68
Current Ratio	1.15	1.15	1.31	1.46	1.51	1.23	1.13	1.1	1.05	1.12	0.91	0.89	0.86	0.84	0.75
Cash Conversion Cycle	8.55	16.41	18.06	18.89	20.53	26.38	25.32	-26.84	-77.53	-35.21	8.55	8.35	8.77	7.63	8.79

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	240	177	226	357	388	87	1,296	284	227	308	971	1,091	1,358	1,373	1,361
+ Depreciation & Amortization	92	98	108	121	128	289	1,011	1,141	1,202	1,287	1,264	1,130	1,125	1,114	1,144
+ Non-Cash Items	-89	48	4	1	28	209	-1,082	-65	-31	-95	27	123	-54	71	24
+ Stock-Based Compensation	14	26	23	30	38	80	106	113	146	95	170	194	217	206	247
+ Deferred Income Taxes	-73	17	-24	-6	18	115	-1,221	-177	-157	-176	-138	-115	-269	-129	-180
+ Asset Impairment Charge	12	- -	- -	- -	2	28	40	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-42	6	5	-23	-30	-14	-7	-1	-20	-14	-5	44	-2	-6	-43
+ Chg in Non-Cash Work Cap	-83	12	56	-46	-68	275	-255	-106	19	459	680	-84	-280	158	125
+ (Inc) Dec in Accts Receiv	-116	-60	-152	-79	-246	-177	-141	-297	-122	255	-138	-421	-388	182	60
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-22	-27	-19	-41	15	-8	-54	-66	-92	-146	-15	7	34	7	218
+ Inc (Dec) in Accts Payable	108	45	154	54	109	230	8	250	235	170	242	299	103	-40	-395
+ Inc (Dec) in Other	-52	55	72	20	54	230	-68	7	-2	180	591	31	-29	9	242
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	161	336	393	433	476	860	970	1,254	1,417	1,959	2,942	2,260	2,149	2,716	2,654
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	3	3	2	2	2	- -	- -	- -	- -	- -	- -	- -	- -	25	75
+ Disp of Fixed Prod Assets	3	3	2	2	2	- -	- -	- -	- -	- -	- -	- -	- -	25	75
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-76	-71	-88	-83	-78	-164	-369	-459	-582	-616	-640	-674	-649	-602	-603
+ Acq of Fixed Prod Assets	-76	-71	-88	-83	-78	-164	-369	-459	-582	-616	-640	-674	-649	-602	-603
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-14	-10	519	-415	-515	-1,000	-2,529	-1,390	-949	-447	-406	-1,168	-992	-1,350	-1,244
+ Increase in Capital Stock	- -	3	525	- -	- -	97	91	15	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-14	-13	-6	-415	-515	-1,097	-2,620	-1,405	-949	-447	-406	-1,168	-992	-1,350	-1,244
+ Net Change in LT Investment	-33	-13	- -	6	-11	1	2	-27	-25	-11	-5	-5	-44	-2	-18
+ Dec in LT Investment	- -	- -	- -	6	- -	41	2	- -	- -	- -	5	- -	- -	- -	2
+ Inc in LT Investment	-33	-13	- -	- -	-11	-40	- -	-27	-25	-11	-10	-5	-44	-2	-20
+ Net Cash From Acq & Div	-136	-47	-150	-96	20	1,870	-827	-326	-588	-167	-1,463	-1,335	-915	-867	-1,758
+ Cash from Divestitures	109	- -	2	- -	32	1,887	27	- -	- -	10	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-245	-47	-152	-96	-12	-17	-854	-326	-588	-177	-1,463	-1,335	-915	-867	-1,758
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	16	-3	- -	-2	- -	24	4	2	5	-2	5	8	5	2	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-225	-132	-236	-173	-67	1,731	-1,190	-810	-1,190	-796	-2,103	-2,006	-1,603	-1,444	-2,305
+ Dividends Paid	-288	-568	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	260	440	-388	242	188	-1,141	2,665	1,131	493	-43	280	1,266	477	553	1,247
+ Cash From Debt	1,980	2,441	2,061	575	2,249	810	9,084	6,521	6,944	4,091	3,571	5,950	8,768	1,685	9,840
+ Repayments of Debt	-1,720	-2,001	-2,448	-333	-2,061	-1,951	-6,419	-5,390	-6,451	-4,134	-3,291	-4,684	-8,291	-1,132	-8,593
+ Other Financing Activities	-17	-9	-60	43	78	-143	-208	-193	180	273	-1,109	-427	133	-81	-153
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-59	-147	71	-130	-249	-2,284	-72	-452	-276	-217	-1,235	-329	-382	-878	-150
Effect of Foreign Exchange Rates	-7	-5	-18	-40	-50	-86	53	-60	-5	31	-52	-75	-4	-68	79
Net Changes in Cash	-123	57	228	130	160	307	-292	-8	-49	946	-396	-75	164	394	199
EBITDA	472	513	584	720	806	1,051	1,779	1,950	2,054	2,070	2,677	2,957	3,186	3,383	3,431
EBITDA Margin (%)	10.9	10.55	11.45	13.19	14.05	15.42	18.34	18.73	18.52	18.22	19.3	20.52	21.26	21.96	21.04
Free Cash Flow	85	264	305	350	398	696	601	795	835	1,343	2,302	1,586	1,500	2,114	2,051
Net Cash Paid for Acquisitions	136	47	150	96	-20	-1,870	827	326	588	167	1,463	1,335	915	867	1,758
Free Cash Flow to Firm	185	352	392	421	469	728	- -	1,135	1,135	1,679	2,623	1,923	2,125	2,663	2,665
Free Cash Flow to Equity	348	707	-81	594	588	-445	3,266	1,926	1,328	1,300	2,582	2,852	1,977	2,692	3,373
Free Cash Flow per Basic Share	0.68	2.11	2.46	2.73	3.23	4.67	2.76	3.9	4.28	7.02	12.03	8.45	8.16	11.66	11.93
Price/Free Cash Flow	- -	- -	12.3	14.96	15.57	11.29	16.28	14.12	15.43	13.57	15.36	13.31	15.41	10.86	12.01
Cash Flow to Net Income	0.67	1.89	1.74	1.21	1.23	11.94	0.76	4.84	7.42	7.02	3.05	2.07	1.58	1.98	1.95
Capital Expenditures	-76	-71	-88	-83	-78	-164	-369	-459	-582	-616	-640	-674	-649	-602	-603