Merck & Co., Inc.

MRK

MRKMerck & Co., Inc. US flag

New York Stock Exchange

119.60

USD

+4.12

- -

295.39BMarket 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	48,047	47,267	44,033	42,237	39,498	39,807	40,122	42,294	39,121	41,518	48,704	59,283	60,115	64,168	65,011
+ Sales & Services Revenue	48,047	47,267	44,033	42,237	39,498	39,807	40,122	42,294	39,121	41,518	48,704	59,283	60,115	64,168	65,011
- Cost of Revenue	16,871	16,446	16,954	16,768	14,934	14,030	12,912	13,509	12,016	13,618	13,626	17,411	16,126	15,193	16,382
+ Cost of Goods & Services	16,871	16,446	16,954	16,768	14,934	14,030	12,912	13,509	12,016	13,618	13,626	17,411	16,126	15,193	16,382
Gross Profit	31,176	30,821	27,079	25,469	24,564	25,777	27,210	28,785	27,105	27,900	35,078	41,872	43,989	48,975	48,629
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	22,200	20,944	19,414	18,786	17,017	20,278	20,413	19,854	19,179	22,352	21,879	23,590	41,035	28,754	26,522
+ Selling, General & Admin	13,733	12,776	11,911	11,606	10,313	10,017	10,074	10,102	9,455	8,955	9,634	10,042	10,504	10,816	10,733
+ Research & Development	8,467	8,168	7,503	7,180	6,704	10,261	10,339	9,752	9,724	13,397	12,245	13,548	30,531	17,938	15,789
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	8,976	9,877	7,665	6,683	7,547	5,499	6,797	8,931	7,926	5,548	13,199	18,282	2,954	20,221	22,107
- Non-Operating (Income) Loss	1,642	1,138	2,120	-10,600	2,146	840	276	230	755	-315	-680	1,838	1,065	285	1,040
+ Interest Expense, Net	550	482	537	466	383	365	369	429	619	772	770	805	781	856	1,014
+ Interest Expense	695	714	801	732	672	693	754	772	893	831	806	962	1,146	1,271	1,357
- Interest Income	145	232	264	266	289	328	385	343	274	59	36	157	365	415	343
+ Other Non-Op (Income) Loss	1,092	656	1,583	-11,066	1,763	475	-93	-199	136	-1,087	-1,450	1,033	284	-571	26
Pretax Income	7,334	8,739	5,545	17,283	5,401	4,659	6,521	8,701	7,171	5,863	13,879	16,444	1,889	19,936	21,067
- Income Tax Expense (Benefit)	942	2,440	1,028	5,349	942	718	4,103	2,508	1,565	1,340	1,521	1,918	1,512	2,803	2,804
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	6,392	6,299	4,517	11,934	4,459	3,941	2,418	6,193	5,606	4,523	12,358	14,526	377	17,133	18,263
- Net Extraordinary Losses (Gains)	240	262	226	28	34	42	48	-54	-8,474	-5,088	-1,382	14	24	32	18
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	4,153	2,548	704	- -	- -	- -	- -
+ Extraord. & Accounting Changes	240	262	226	28	34	42	48	-54	-12,627	-7,636	-2,086	14	24	32	18
Income (Loss) Incl. MI	6,152	6,037	4,291	11,906	4,425	3,899	2,370	6,247	14,080	9,611	13,740	14,512	353	17,101	18,245
- Minority Interest	-120	-131	-113	-14	-17	-21	-24	27	4,237	2,544	691	-7	-12	-16	-9
Net Income, GAAP	6,272	6,168	4,404	11,920	4,442	3,920	2,394	6,220	9,843	7,067	13,049	14,519	365	17,117	18,254
- Preferred Dividends	15	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	6,257	6,168	4,404	11,920	4,442	3,920	2,394	6,220	9,843	7,067	13,049	14,519	365	17,117	18,254
EBIT	8,976	9,877	7,665	6,683	7,547	5,499	6,797	8,931	7,926	5,548	13,199	18,282	2,954	20,221	22,107
EBITDA	16,403	16,855	14,653	13,374	13,922	10,970	11,473	13,450	11,236	9,034	16,413	22,191	6,826	24,720	27,945
EBITDA Margin (%)	34.14	35.66	33.28	31.66	35.25	27.56	28.6	31.8	28.72	21.76	33.7	37.43	11.35	38.52	42.99
EBITA	8,976	9,877	7,665	6,683	7,547	5,499	6,797	8,931	7,926	5,548	13,199	18,282	2,954	20,221	22,107
Gross Margin (%)	64.89	65.21	61.5	60.3	62.19	64.75	67.82	68.06	69.29	67.2	72.02	70.63	73.17	76.32	74.8
Operating Margin (%)	18.68	20.9	17.41	15.82	19.11	13.81	16.94	21.12	20.26	13.36	27.1	30.84	4.91	31.51	34.01
Profit Margin (%)	13.05	13.05	10	28.22	11.25	9.85	5.97	14.71	25.16	17.02	26.79	24.49	0.61	26.68	28.08
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.58	1.73	1.8	1.85	1.84	1.86	1.92	1.99	2.24	2.46	2.61	2.77	2.86	3.1	3.3
Depreciation Expense	7,427	6,978	6,988	6,691	6,375	5,471	4,676	4,519	3,310	3,486	3,214	3,909	3,872	4,499	5,838
Basic Weighted Avg Shares	3,041	3,027	2,928	2,838	2,781	2,749	2,697	2,593	2,539	2,530	2,530	2,532	2,607	2,528	2,475
Basic EPS, GAAP	2.06	2.04	1.5	4.2	1.6	1.43	0.89	2.4	3.88	2.79	5.16	5.73	0.14	6.77	7.38
Basic EPS from Cont Ops	2.1	2.08	1.54	4.2	1.6	1.43	0.9	2.39	2.21	1.79	4.88	5.74	0.14	6.78	7.38
Diluted Weighted Avg Shares	3,094	3,076	2,996	2,928	2,841	2,787	2,748	2,679	2,580	2,541	2,538	2,542	2,607	2,541	2,507
Diluted EPS, GAAP	2.02	2.01	1.47	4.07	1.56	1.41	0.87	2.32	3.82	2.78	5.14	5.71	0.14	6.74	7.28
Diluted EPS from Cont Ops	2.07	2.05	1.51	4.08	1.57	1.41	0.88	2.31	2.17	1.78	4.87	5.71	0.14	6.74	7.28

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	33,181	34,857	35,685	32,605	29,751	30,614	24,766	25,875	27,483	27,764	30,266	35,722	32,168	38,782	43,516
+ Cash, Cash Equivalents & STI	14,972	16,141	17,486	15,719	13,427	14,341	8,498	8,864	10,450	8,050	8,096	13,192	7,093	13,689	14,565
+ Cash & Cash Equivalents	13,531	13,451	15,621	7,441	8,524	6,515	6,092	7,965	9,676	8,050	8,096	12,694	6,841	13,242	14,565
+ ST Investments	1,441	2,690	1,865	8,278	4,903	7,826	2,406	899	774	- -	- -	498	252	447	- -
+ Accounts & Notes Receiv	8,261	7,672	7,184	6,626	6,484	7,018	6,873	7,071	6,778	6,803	9,230	9,450	10,349	10,278	11,775
+ Accounts Receivable, Net	8,261	7,672	7,184	6,626	6,484	7,018	6,873	7,071	6,778	6,803	9,230	9,450	10,349	10,278	11,775
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	6,254	6,535	6,226	5,571	4,700	4,866	5,096	5,440	5,978	5,554	5,953	5,911	6,358	6,109	6,658
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	6,254	6,535	6,226	5,571	4,700	4,866	5,096	5,440	5,978	5,554	5,953	5,911	6,358	6,109	6,658
+ Other ST Assets	3,694	4,509	4,789	4,689	5,140	4,389	4,299	4,500	4,277	7,357	6,987	7,169	8,368	8,706	10,518
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	71,947	71,275	69,960	65,562	71,926	64,763	63,106	56,762	56,914	63,824	75,428	73,438	74,507	78,324	93,350
+ Property, Plant & Equip, Net	16,297	16,030	14,973	13,136	12,507	12,026	12,439	13,291	15,053	17,000	19,279	21,422	23,051	23,779	25,316
+ Property, Plant & Equip	32,473	33,415	33,094	31,140	28,430	27,775	29,041	29,615	32,739	35,162	37,471	39,407	41,317	42,934	47,230
- Accumulated Depreciation	16,176	17,385	18,121	18,004	15,923	15,749	16,602	16,324	17,686	18,162	18,192	17,985	18,266	19,155	21,914
+ LT Investments & Receivables	3,458	7,305	9,770	13,515	13,039	11,416	12,125	6,233	1,469	785	370	1,015	252	463	956
+ LT Investments	3,458	7,305	9,770	13,515	13,039	11,416	12,125	6,233	1,469	785	370	1,015	252	463	956
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	52,192	47,940	45,217	38,911	46,380	41,321	38,542	37,238	40,392	46,039	55,779	51,001	51,204	54,082	67,078
+ Total Intangible Assets	46,457	41,217	36,102	33,378	40,325	35,467	32,467	31,357	33,621	32,983	44,197	41,473	39,208	38,038	48,260
+ Goodwill	12,155	12,134	12,301	12,992	17,723	18,162	18,284	18,253	19,425	18,882	21,264	21,204	21,197	21,668	21,579
+ Other Intangible Assets	34,302	29,083	23,801	20,386	22,602	17,305	14,183	13,104	14,196	14,101	22,933	20,269	18,011	16,370	26,681
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	5,735	6,723	9,115	5,533	6,055	5,854	6,075	5,881	6,771	13,056	11,582	9,528	11,996	16,044	18,818
Total Assets	105,128	106,132	105,645	98,167	101,677	95,377	87,872	82,637	84,397	91,588	105,694	109,160	106,675	117,106	136,866
+ Payables & Accruals	14,255	14,033	13,347	15,693	16,618	16,636	15,557	16,898	18,610	19,810	21,460	22,293	24,322	25,771	25,738
+ Accounts Payable	2,023	1,753	2,274	2,625	2,533	2,807	3,102	3,318	3,738	4,327	4,609	4,264	3,922	4,079	4,404
+ Accrued Taxes	781	1,200	251	1,237	1,560	2,239	708	1,971	736	1,597	1,224	1,986	2,649	3,914	4,726
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	11,451	11,080	10,822	11,831	12,525	11,590	11,747	11,609	14,136	13,886	15,627	16,043	17,751	17,778	16,608
+ ST Debt	1,990	4,315	4,521	2,704	2,583	568	3,057	5,308	3,610	6,431	2,412	1,946	1,372	2,649	2,589
+ ST Borrowings	1,990	4,315	4,521	2,704	2,583	568	3,057	5,308	3,610	6,431	2,412	1,946	1,372	2,649	2,589
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,086	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,086	- -	- -	- -	- -	- -
Total Current Liabilities	16,245	18,348	17,868	18,397	19,201	17,204	18,614	22,206	22,220	27,327	23,872	24,239	25,694	28,420	28,327
+ LT Debt	15,525	16,254	20,539	18,699	23,829	24,274	21,353	19,806	22,736	25,360	30,690	28,745	33,683	34,462	46,750
+ LT Borrowings	15,525	16,254	20,539	18,699	23,829	24,274	21,353	19,806	22,736	25,360	30,690	28,745	33,683	34,462	46,750
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	16,415	16,067	14,912	12,280	13,880	13,591	13,336	13,743	13,440	13,497	12,875	10,118	9,663	7,852	9,127
+ Accrued Liabilities	16,415	5,740	6,776	4,467	6,535	5,077	2,219	1,702	1,470	1,005	3,441	1,795	871	1,387	1,439
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	10,327	8,136	7,813	7,345	8,514	11,117	12,041	11,970	12,492	9,434	8,323	8,792	6,465	7,688
Total Noncurrent Liabilities	31,940	32,321	35,451	30,979	37,709	37,865	34,689	33,549	36,176	38,857	43,565	38,863	43,346	42,314	55,877
Total Liabilities	48,185	50,669	53,319	49,376	56,910	55,069	53,303	55,755	58,396	66,184	67,437	63,102	69,040	70,734	84,204
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	42,451	42,434	42,296	42,211	42,010	41,727	41,690	40,596	41,448	41,376	46,026	46,167	46,297	46,492	46,817
+ Common Stock	1,788	1,788	1,788	1,788	1,788	1,788	1,788	1,788	1,788	1,788	1,788	1,788	1,788	1,788	1,788
+ Additional Paid in Capital	40,663	40,646	40,508	40,423	40,222	39,939	39,902	38,808	39,660	39,588	44,238	44,379	44,509	44,704	45,029
- Treasury Stock	23,792	24,717	29,591	35,262	38,534	40,546	43,794	50,929	55,950	56,787	57,109	56,489	57,450	58,303	62,999
+ Retained Earnings	38,990	39,985	39,257	46,021	45,348	44,133	41,350	42,579	46,602	47,362	53,696	61,081	53,895	63,069	73,075
+ Other Equity	-3,132	-4,682	-2,197	-4,323	-4,148	-5,226	-4,910	-5,545	-6,193	-6,634	-4,429	-4,768	-5,161	-4,945	-4,287
Equity Before Minority Interest	54,517	53,020	49,765	48,647	44,676	40,088	34,336	26,701	25,907	25,317	38,184	45,991	37,581	46,313	52,606
+ Minority/Non Controlling Interest	2,426	2,443	2,561	144	91	220	233	181	94	87	73	67	54	59	56
Total Equity	56,943	55,463	52,326	48,791	44,767	40,308	34,569	26,882	26,001	25,404	38,257	46,058	37,635	46,372	52,662
Total Liabilities & Equity	105,128	106,132	105,645	98,167	101,677	95,377	87,872	82,637	84,397	91,588	105,694	109,160	106,675	117,106	136,866
Shares Outstanding	3,041	3,027	2,928	2,838	2,781	2,749	2,697	2,593	2,539	2,530	2,528	2,538	2,532	2,528	2,475
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	3,984	7,118	9,439	13,962	17,888	18,327	18,318	17,149	16,670	23,741	25,006	17,997	28,214	23,869	34,774
Net Debt to Equity	7	12.83	18.04	28.62	39.96	45.47	52.99	63.79	64.11	93.45	65.36	39.07	74.97	51.47	66.03
Tangible Common Equity Ratio	17.87	21.95	23.33	23.79	7.24	8.08	3.79	-8.73	-15.01	-12.93	-9.66	6.77	-2.33	10.54	4.97
Current Ratio	2.04	1.9	2	1.77	1.55	1.78	1.33	1.17	1.24	1.02	1.27	1.47	1.25	1.36	1.54
Cash Conversion Cycle	144.6	162.24	154.78	132.58	119.15	117.68	121.93	117.93	135.45	102.69	97.92	88.63	108.81	110.71	112.7

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
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	6,392	6,299	4,517	11,934	4,459	3,941	2,418	6,193	5,606	4,523	12,358	14,526	377	17,133	18,263
+ Depreciation & Amortization	7,427	6,978	6,988	6,691	6,375	5,471	4,676	4,519	3,310	3,486	3,214	3,909	3,872	4,499	5,838
+ Non-Cash Items	-670	881	943	-12,460	1,972	3,565	4,374	1,763	2,045	4,209	1,389	3,442	10,962	3,503	-653
+ Stock-Based Compensation	369	335	276	278	299	300	312	348	388	441	479	541	645	761	820
+ Deferred Income Taxes	-1,537	669	-330	-2,600	-764	-1,521	-2,621	-509	-560	-566	187	-1,568	-1,899	-1,249	-1,671
+ Asset Impairment Charge	705	200	765	1,222	162	3,948	646	296	1,040	1,718	302	1,749	792	39	55
+ Other Non-Cash Adj	-207	-323	232	-11,360	2,275	838	6,037	1,628	1,177	2,616	421	2,720	11,424	3,952	143
+ Chg in Non-Cash Work Cap	-766	-4,136	-794	1,824	-268	-2,601	-5,017	-1,553	-2,077	-4,601	-3,839	-2,782	-2,205	-3,667	-6,976
+ (Inc) Dec in Accts Receiv	-1,168	349	436	-554	-480	-619	297	-418	92	-1,002	-2,033	-644	-1,148	-244	-1,090
+ (Inc) Dec in Inventories	-678	-482	-365	79	805	206	-145	-911	-473	-895	-674	-161	-816	-835	-1,180
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	1,349	-1,053	-1,296	2,207	-311	-1,616	-3,959	716	-1,033	346	142	41	1,617	-1,123	-1,594
+ Inc (Dec) in Other	-269	-2,950	431	92	-282	-572	-1,210	-940	-663	-3,050	-1,274	-2,018	-1,858	-1,465	-3,112
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	4,556	2,636	987	- -	- -	- -	- -
Cash from Operating Activities	12,383	10,022	11,654	7,989	12,538	10,376	6,451	10,922	13,440	10,253	14,109	19,095	13,006	21,468	16,472
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	-1,000	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	-1,000	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-1,921	-2,591	-6,516	-7,703	-4,186	-3,434	-4,014	-9,091	-4,780	-1,281	-840	- -	-1,346	-1,306	-5,084
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-1,921	-2,591	-6,516	-7,703	-4,186	-3,434	-4,014	-9,091	-4,780	-1,281	-840	- -	-1,346	-1,306	-5,084
+ Net Change in LT Investment	-1,176	-5,058	-1,693	-9,411	3,732	-1,298	4,925	7,258	5,420	1,717	1,025	-483	1,848	-142	471
+ Dec in LT Investment	6,149	7,783	16,298	15,533	20,413	14,353	15,664	15,252	8,622	2,812	1,026	721	2,803	377	1,678
+ Inc in LT Investment	-7,325	-12,841	-17,991	-24,944	-16,681	-15,651	-10,739	-7,994	-3,202	-1,095	-1	-1,204	-955	-519	-1,207
+ Net Cash From Acq & Div	125	- -	-200	11,239	-7,428	-780	-396	-431	-4,954	-6,606	-12,907	- -	-12,032	-4,093	-10,042
+ Cash from Divestitures	498	- -	46	15,120	316	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-373	- -	-246	-3,881	-7,744	-780	-396	-431	-4,954	-6,606	-12,907	- -	-12,032	-4,093	-10,042
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-1,839	-1,747	-1,255	-1,202	-1,062	-1,132	-1,850	-2,513	-3,095	-4,554	-4,673	-4,477	-3,899	-3,499	-4,170
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	-100	-250	-134	- -	- -	- -	- -
Cash from Investing Activities	-2,890	-6,805	-3,148	-374	-4,758	-3,210	2,679	4,314	-2,629	-9,443	-16,555	-4,960	-14,083	-7,734	-13,741
+ Dividends Paid	-4,811	-5,236	-5,277	-5,247	-5,117	-5,124	-5,167	-5,172	-5,695	-6,215	-6,610	-7,012	-7,445	-7,840	-8,176
+ Net Cash From Debt	-1,547	2,540	4,692	-3,471	5,032	-1,307	-1,103	-4,287	4,958	2,462	5,617	-2,251	4,184	2,309	11,377
+ Cash From Debt	- -	2,562	6,467	3,146	7,938	1,079	- -	- -	4,958	4,419	7,936	- -	5,939	3,599	13,880
+ Repayments of Debt	-1,547	-22	-1,775	-6,617	-2,906	-2,386	-1,103	-4,287	- -	-1,957	-2,319	-2,251	-1,755	-1,290	-2,503
+ Other Financing Activities	1,375	2,020	1,111	1,179	-1,116	821	278	5,390	-3,344	2,202	4,426	144	-203	-195	-39
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-6,904	-3,267	-5,990	-15,242	-5,387	-9,044	-10,006	-13,160	-8,861	-2,832	2,593	-9,119	-4,810	-7,032	-1,922
Effect of Foreign Exchange Rates	42	-30	-346	-553	-1,310	-131	457	-205	17	253	-133	-410	23	-293	563
Net Changes in Cash	2,589	-50	2,516	-7,627	2,393	-1,878	-876	2,076	1,950	-2,022	147	5,016	-5,887	6,702	809
EBITDA	16,403	16,855	14,653	13,374	13,922	10,970	11,473	13,450	11,236	9,034	16,413	22,191	6,826	24,720	27,945
EBITDA Margin (%)	34.14	35.66	33.28	31.66	35.25	27.56	28.6	31.8	28.72	21.76	33.7	37.43	11.35	38.52	42.99
Free Cash Flow	12,383	10,022	11,654	6,989	12,538	10,376	6,451	10,922	13,440	10,253	14,109	19,095	13,006	21,468	16,472
Net Cash Paid for Acquisitions	-125	- -	200	-11,239	7,428	780	396	431	4,954	6,606	12,907	- -	12,032	4,093	10,042
Free Cash Flow to Firm	12,989	10,537	12,307	7,494	13,093	10,962	6,731	11,471	14,138	10,894	14,827	19,945	13,235	22,560	17,648
Free Cash Flow to Equity	10,821	12,562	16,346	4,518	17,570	9,069	5,348	6,635	18,398	12,715	19,726	16,844	17,190	23,777	27,849
Free Cash Flow per Basic Share	4.07	3.31	3.98	2.46	4.51	3.77	2.39	4.21	5.29	4.05	5.58	7.54	4.99	8.49	6.66
Price/Free Cash Flow	8.98	11.98	12.27	17.64	11.41	15.08	22.85	17.87	16.65	19.33	13.79	14.77	21.85	11.77	16.02
Cash Flow to Net Income	1.97	1.62	2.65	0.67	2.82	2.65	2.69	1.76	1.37	1.45	1.08	1.32	35.63	1.25	0.9
Capital Expenditures	- -	- -	- -	-1,000	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -