The Hanover Insurance Group, Inc.

THG

THGThe Hanover Insurance Group, Inc. US flag

New York Stock Exchange

207.64

USD

+6.35

- -

7.26BMarket 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	3,932	4,591	4,794	5,068	5,034	4,054	4,268	4,494	4,871	4,808	5,160	5,433	5,964	6,217	6,567
+ Sales & Services Revenue	3,932	4,591	4,794	5,068	5,034	4,054	4,268	4,494	4,871	4,808	5,160	5,433	5,964	6,217	6,567
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-22	-29	-329	-378	-439	-66	-293	-282	-522	-445	-521	-144	-41	-538	-844
+ Interest Expense, Net	55	62	65	66	61	51	45	45	38	37	34	34	34	34	43
+ Interest Expense	55	62	65	66	61	51	45	45	38	37	34	34	34	34	43
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-77	-91	-394	-444	-500	-117	-338	-328	-560	-482	-555	-178	-75	-572	-887
Pretax Income	22	29	329	378	439	66	293	282	522	445	521	144	41	538	844
- Income Tax Expense (Benefit)	-10	-17	83	96	109	-1	77	44	93	83	101	27	8	112	183
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	32	46	246	282	331	67	216	239	429	362	420	117	34	425	661
- Net Extraordinary Losses (Gains)	-5	-10	-5	- -	-1	-88	30	-152	4	3	-3	1	-2	-1	-2
+ Discontinued Operations	5	10	5	- -	1	88	-30	152	-4	-3	3	-1	2	1	2
+ Extraord. & Accounting Changes	-10	-20	-11	1	-1	-176	60	-304	8	7	-6	2	-4	-1	-4
Income (Loss) Incl. MI	37	56	251	282	332	155	186	391	425	359	423	116	35	426	662
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	37	56	251	282	332	155	186	391	425	359	423	116	35	426	662
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	37	56	251	282	332	155	186	391	425	359	423	116	35	426	662
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITA	-27	-36	-35	-34	-30	-31	-30	-25	-22	-18	-17	-13	-6	-2	5
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	0.93	1.22	5.24	5.56	6.59	3.83	4.36	8.7	8.73	7.46	8.19	2.14	0.59	6.85	10.09
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.14	1.24	1.37	1.53	1.73	1.88	2.04	2.23	10.06	2.64	2.88	3.02	3.28	3.46	3.65
Depreciation Expense	27	36	35	34	30	31	30	25	22	18	17	13	6	2	-5
Basic Weighted Avg Shares	45	44	44	44	43	43	42	42	38	38	36	36	36	36	36
Basic EPS, GAAP	0.82	1.26	5.74	6.42	7.71	3.62	4.38	9.24	11.07	9.51	11.91	3.21	0.99	11.87	18.51
Basic EPS from Cont Ops	0.71	1.04	5.62	6.43	7.69	1.57	5.08	5.65	11.17	9.6	11.83	3.24	0.94	11.85	18.46
Diluted Weighted Avg Shares	46	45	45	45	45	43	43	43	41	38	36	36	36	36	36
Diluted EPS, GAAP	0.8	1.23	5.59	6.28	7.4	3.59	4.33	9.09	10.47	9.41	11.62	3.21	0.98	11.7	18.15
Diluted EPS from Cont Ops	0.69	1.02	5.47	6.29	7.38	1.55	5.03	5.56	10.57	9.5	11.54	3.24	0.93	11.68	18.1

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	7,105	7,517	7,457	7,751	7,322	7,614	6,047	7,182	6,903	7,575	7,955	7,787	8,301	2,023	2,996
+ Cash & Cash Equivalents	820	565	486	373	339	283	298	1,021	216	121	231	305	316	436	1,123
+ ST Investments	6,285	6,952	6,971	7,378	6,983	7,331	5,749	6,162	6,687	7,454	7,724	7,482	7,985	1,588	1,874
+ Accounts & Notes Receiv	3,430	3,788	3,660	3,629	4,027	4,050	2,721	2,825	3,074	3,214	3,377	3,566	3,762	3,795	3,872
+ Accounts Receivable, Net	3,430	3,788	3,660	3,629	4,027	4,050	2,721	2,825	3,074	3,214	3,377	3,566	3,762	3,795	3,872
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-10,535	-11,306	-11,116	-11,380	-11,349	-11,664	-8,768	-10,008	-9,977	-10,789	-11,332	-11,353	-12,063	-5,818	-6,869
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	6,531	7,268	7,401	7,959	7,560	7,916	6,326	6,626	7,263	8,053	8,385	7,724	8,116	8,700	9,721
+ LT Investments	6,531	7,268	7,401	7,959	7,560	7,916	6,326	6,626	7,263	8,053	8,385	7,724	8,116	8,700	9,721
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-6,531	-7,268	-7,401	-7,959	-7,560	-7,916	-6,326	-6,626	-7,263	-8,053	-8,385	-7,724	-8,116	-8,700	-9,721
+ Total Intangible Assets	186	185	185	185	186	185	179	179	179	179	179	179	179	179	179
+ Goodwill	186	185	185	185	186	185	179	179	179	179	179	179	179	179	179
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-6,717	-7,453	-7,586	-8,144	-7,746	-8,100	-6,504	-6,805	-7,442	-8,232	-8,564	-7,902	-8,295	-8,879	-9,900
Total Assets	12,599	13,485	13,379	13,760	13,781	14,220	15,470	12,400	12,490	13,444	14,254	13,995	14,613	15,274	16,946
+ Payables & Accruals	1,022	1,242	1,012	922	930	980	672	947	681	736	963	802	840	796	852
+ Accounts Payable	379	466	375	227	205	252	52	37	53	48	55	70	64	38	45
+ Accrued Taxes	643	776	637	695	725	728	621	910	628	688	908	732	776	758	807
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	62	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	62	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-1,022	-1,242	-1,012	-922	-930	-980	-672	-947	-681	-736	-963	-802	-840	-857	-852
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-1,022	-1,242	-1,012	-922	-930	-980	-672	-947	-681	-736	-963	-802	-840	-857	-852
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	911	849	904	904	803	786	787	778	653	781	782	782	783	722	1,218
+ LT Borrowings	911	849	904	904	803	786	787	778	653	781	782	782	783	722	1,218
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-911	-849	-904	-904	-803	-786	-787	-778	-653	-781	-782	-782	-783	-722	-1,218
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	52	97	61	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-911	-849	-904	-904	-803	-786	-787	-778	-705	-878	-842	-782	-783	-722	-1,218
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	10,115	10,890	10,784	10,916	10,937	11,363	12,472	9,445	9,574	10,242	11,109	11,661	12,147	12,433	13,374
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1,785	1,788	1,831	1,831	1,834	1,847	1,858	1,872	1,838	1,858	1,888	1,914	1,940	1,974	2,014
+ Common Stock	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	1,785	1,787	1,830	1,831	1,834	1,847	1,857	1,872	1,837	1,857	1,887	1,913	1,939	1,974	2,014
- Treasury Stock	723	730	763	752	847	928	942	984	1,485	1,696	1,848	1,871	1,866	1,886	2,013
+ Retained Earnings	1,211	1,212	1,349	1,559	1,804	1,876	1,975	2,182	2,411	2,668	2,983	2,993	2,909	3,210	3,742
+ Other Equity	210	326	178	206	54	63	108	-116	153	372	122	-702	-517	-456	-171
Equity Before Minority Interest	2,484	2,595	2,594	2,844	2,844	2,858	2,998	2,955	2,916	3,202	3,145	2,334	2,466	2,842	3,572
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	2,484	2,595	2,594	2,844	2,844	2,858	2,998	2,955	2,916	3,202	3,145	2,334	2,466	2,842	3,572
Total Liabilities & Equity	12,599	13,485	13,379	13,760	13,781	14,220	15,470	12,400	12,490	13,444	14,254	13,995	14,613	15,274	16,946
Shares Outstanding	45	44	44	44	43	42	42	42	38	36	36	36	36	36	35
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	91	285	418	530	464	504	489	-243	438	660	551	477	467	349	96
Net Debt to Equity	3.65	10.97	16.1	18.64	16.32	17.63	16.31	-8.22	15.01	20.62	17.51	20.46	18.94	12.27	2.68
Tangible Common Equity Ratio	18.52	18.12	18.26	19.59	19.55	19.04	18.44	22.71	22.23	22.79	21.07	15.6	15.84	17.64	20.23
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	32	56	251	282	332	155	186	391	425	359	423	116	35	426	662
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	24	-19	105	102	60	120	45	-88	-60	-2	-219	45	54	160	119
+ Stock-Based Compensation	12	13	12	15	12	12	12	13	17	20	23	29	31	31	36
+ Deferred Income Taxes	-9	-36	75	69	53	-13	40	-23	12	-23	25	-46	-25	-19	14
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	21	4	18	18	-6	121	-7	-78	-90	1	-267	62	48	147	70
+ Chg in Non-Cash Work Cap	166	371	28	181	54	469	474	248	237	351	620	561	272	221	396
+ (Inc) Dec in Accts Receiv	21	-284	41	-68	-80	-64	-444	-322	-258	-144	-156	-174	-202	-60	-70
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	48	88	-63	12	5	13	- -	5	11	68	179	3	48	-9	59
+ Inc (Dec) in Other	97	568	50	237	128	520	918	566	484	428	597	732	426	290	407
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	222	408	384	565	445	743	705	551	603	708	824	722	362	806	1,178
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1,704	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-1,704	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-22	-20	-78	-20	-127	-106	-37	-58	-564	-213	-163	-31	- -	-27	-129
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-22	-20	-78	-20	-127	-106	-37	-58	-564	-213	-163	-31	- -	-27	-129
+ Net Change in LT Investment	-88	-542	-336	-592	-195	-499	-478	-351	-333	-594	-452	-490	-217	-531	-658
+ Dec in LT Investment	1,728	1,903	1,612	1,498	2,026	1,873	1,390	1,253	1,587	1,490	1,851	1,595	914	2,782	2,728
+ Inc in LT Investment	-1,817	-2,445	-1,948	-2,090	-2,221	-2,372	-1,868	-1,604	-1,920	-2,084	-2,303	-2,084	-1,131	-3,313	-3,386
+ Net Cash From Acq & Div	575	5	- -	- -	44	- -	- -	636	35	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	288	5	- -	- -	44	- -	- -	636	35	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	288	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	1,400	-26	-23	-9	-21	3	-28	-13	-13	-15	-8	-18	-12	-10	-8
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	183	-563	-359	-601	-172	-495	-506	271	-312	-609	-460	-508	-228	-541	-666
+ Dividends Paid	-51	-55	-60	-67	-74	-80	-87	-94	-386	-100	-102	-109	-117	-124	-131
+ Net Cash From Debt	239	-66	29	-1	-114	-105	- -	-12	-151	121	- -	- -	- -	- -	433
+ Cash From Debt	325	7	169	- -	- -	371	- -	- -	- -	296	- -	- -	- -	- -	495
+ Repayments of Debt	-87	-73	-140	-1	-114	-475	- -	-12	-151	-176	- -	- -	- -	- -	-62
+ Other Financing Activities	-39	7	4	16	15	-10	12	-7	2	-2	12	-1	-5	5	2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	127	-133	-106	-72	-301	-301	-112	-171	-1,099	-194	-253	-141	-122	-146	175
Effect of Foreign Exchange Rates	-4	32	2	-5	-7	-3	7	-4	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	532	-288	-80	-108	-28	-53	87	652	-808	-95	110	74	11	120	687
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	-1,483	408	384	565	445	743	705	551	603	708	824	722	362	806	1,178
Net Cash Paid for Acquisitions	-575	-5	- -	- -	-44	- -	- -	-636	-35	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	433	614	490	- -	738	589	634	738	851	750	389	833	1,212
Free Cash Flow to Equity	-1,244	342	413	564	330	639	705	540	452	828	824	722	362	806	1,611
Free Cash Flow per Basic Share	-33.25	9.21	8.78	12.86	10.34	17.37	16.58	13.03	15.7	18.77	23.2	20.01	10.13	22.46	32.91
Price/Free Cash Flow	0.83	4.3	6.98	5.67	8.19	5.29	6.6	9.11	9.2	6.3	5.79	6.75	12.12	6.98	5.66
Cash Flow to Net Income	6.04	7.3	1.53	2	1.34	4.79	3.78	1.41	1.42	1.97	1.95	6.23	10.25	1.89	1.78
Capital Expenditures	-1,704	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -