1. United States of America Stocks

  2. •

    Healthcare

  3. •

    Medical - Diagnostics & Research
Thermo Fisher Scientific Inc.

Thermo Fisher Scientific Inc.

TMO
Thermo Fisher Scientific Inc.US flagNew York Stock Exchange
469.63
USD
-3.17
- -
174.52BMarket Cap

Income Statement (USD)

APIChat
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
Sales/Revenue/Turnover
11,559
12,510
13,090
16,890
16,965
18,274
20,918
24,358
25,542
32,218
39,211
44,915
42,857
42,879
44,557
+ Sales & Services Revenue
11,559
12,510
13,090
16,890
16,965
18,274
20,918
24,358
25,542
32,218
39,211
44,915
42,857
42,879
44,557
- Cost of Revenue
6,765
7,214
7,561
9,398
9,209
9,902
11,470
13,501
14,214
16,214
19,573
25,944
25,757
25,177
26,318
+ Cost of Goods & Services
6,765
7,214
7,561
9,398
9,209
9,902
11,470
13,501
14,214
16,214
19,573
25,944
25,757
25,177
26,318
Gross Profit
4,794
5,296
5,529
7,492
7,756
8,372
9,448
10,857
11,328
16,004
19,638
18,971
17,100
17,702
18,239
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
3,447
3,731
3,842
5,587
5,304
5,725
6,391
7,024
7,147
8,111
9,413
10,464
9,782
9,985
10,129
+ Selling, General & Admin
3,106
3,355
3,446
4,896
4,612
4,971
5,504
6,057
6,144
6,930
8,007
8,993
8,445
8,595
8,732
+ Research & Development
340
376
396
691
692
754
887
967
1,003
1,181
1,406
1,471
1,337
1,390
1,397
+ Other Operating Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Income (Loss)
1,347
1,564
1,687
1,905
2,452
2,647
3,057
3,833
4,181
7,893
10,225
8,507
7,318
7,717
8,110
- Non-Operating (Income) Loss
214
295
368
-182
516
623
628
571
109
663
1,384
672
1,020
680
802
+ Interest Expense, Net
148
216
234
432
384
421
511
530
452
488
493
454
496
312
426
+ Interest Expense
175
242
262
480
415
469
592
667
676
553
536
726
1,375
1,390
1,419
- Interest Income
27
25
28
48
31
48
81
137
224
65
43
272
879
1,078
993
+ Other Non-Op (Income) Loss
66
78
134
-615
132
202
117
41
-343
175
891
218
524
368
376
Pretax Income
1,133
1,269
1,320
2,087
1,936
2,024
2,429
3,262
4,072
7,230
8,841
7,835
6,298
7,037
7,308
- Income Tax Expense (Benefit)
109
11
40
192
-44
-1
201
324
374
850
1,109
703
284
657
547
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
1,023
1,258
1,279
1,896
1,980
2,025
2,228
2,938
3,698
6,377
7,728
6,960
5,955
6,338
6,721
- Net Extraordinary Losses (Gains)
-306
80
6
1
5
3
3
- -
4
4
6
20
-80
6
34
+ Discontinued Operations
306
-80
-6
-1
-5
-3
-3
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
-613
161
12
2
10
6
6
- -
4
4
6
20
-80
6
34
Income (Loss) Incl. MI
1,330
1,178
1,273
1,894
1,975
2,022
2,225
2,938
3,694
6,373
7,722
6,940
6,035
6,332
6,687
- Minority Interest
- -
- -
- -
- -
- -
- -
- -
- -
-2
-2
-3
-10
40
-3
-17
Net Income, GAAP
1,330
1,178
1,273
1,894
1,975
2,022
2,225
2,938
3,696
6,375
7,725
6,950
5,995
6,335
6,704
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
1,330
1,178
1,273
1,894
1,975
2,022
2,225
2,938
3,696
6,375
7,725
6,950
5,995
6,335
6,704
EBIT
1,347
1,564
1,687
1,905
2,452
2,647
3,057
3,833
4,181
7,893
10,225
8,507
7,318
7,717
8,110
EBITDA
2,207
2,548
2,687
3,590
4,140
4,405
5,090
6,100
6,458
10,218
12,817
11,888
10,724
10,825
10,890
EBITDA Margin (%)
19.09
20.37
20.53
21.25
24.4
24.11
24.33
25.04
25.28
31.72
32.69
26.47
25.02
25.25
24.44
EBITA
1,347
1,564
1,687
1,905
2,452
2,647
3,057
3,833
4,181
7,893
10,225
8,507
7,318
7,717
8,110
Gross Margin (%)
41.47
42.33
42.24
44.36
45.72
45.81
45.17
44.57
44.35
49.67
50.08
42.24
39.9
41.28
40.93
Operating Margin (%)
11.66
12.5
12.89
11.28
14.45
14.49
14.61
15.74
16.37
24.5
26.08
18.94
17.08
18
18.2
Profit Margin (%)
11.51
9.42
9.73
11.22
11.64
11.06
10.64
12.06
14.47
19.79
19.7
15.47
13.99
14.77
15.05
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
0.39
0.6
0.59
0.6
0.6
0.6
0.66
0.74
0.85
1
1.16
1.35
1.53
1.69
Depreciation Expense
860
984
1,000
1,685
1,688
1,758
2,033
2,267
2,277
2,325
2,592
3,381
3,406
3,108
2,780
Basic Weighted Avg Shares
381
364
360
398
399
395
395
402
400
396
394
392
386
382
377
Basic EPS, GAAP
3.49
3.24
3.53
4.76
4.95
5.12
5.63
7.31
9.24
16.1
19.61
17.73
15.53
16.58
17.78
Basic EPS from Cont Ops
2.69
3.46
3.55
4.76
4.97
5.13
5.64
7.31
9.24
16.1
19.61
17.76
15.43
16.59
17.83
Diluted Weighted Avg Shares
385
367
366
402
402
397
398
406
403
399
397
394
388
383
378
Diluted EPS, GAAP
3.46
3.21
3.48
4.71
4.91
5.09
5.59
7.24
9.17
15.98
19.46
17.64
15.45
16.54
17.74
Diluted EPS from Cont Ops
2.66
3.43
3.5
4.71
4.93
5.1
5.6
7.24
9.18
15.98
19.47
17.66
15.35
16.55
17.78

Balance Sheet (USD)

APIChat
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
Total Current Assets
4,822
4,835
9,881
6,540
5,741
7,021
9,421
10,625
11,893
21,957
20,113
25,229
24,589
22,137
28,707
+ Cash, Cash Equivalents & STI
1,021
810
5,830
1,352
452
786
1,335
2,103
2,399
10,325
4,477
8,524
8,080
5,570
10,105
+ Cash & Cash Equivalents
1,016
806
5,826
1,344
452
786
1,335
2,103
2,399
10,325
4,477
8,524
8,077
4,009
9,852
+ ST Investments
4
4
4
8
- -
- -
- -
- -
- -
- -
- -
- -
3
1,561
253
+ Accounts & Notes Receiv
1,764
1,805
1,942
2,474
2,763
3,427
3,879
4,595
4,952
6,472
8,945
9,427
9,664
9,626
10,566
+ Accounts Receivable, Net
1,764
1,805
1,942
2,474
2,545
3,049
3,879
4,136
4,349
5,741
7,977
8,115
8,221
8,191
8,900
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Receivable, Net
- -
- -
- -
- -
218
378
- -
459
603
731
968
1,312
1,443
1,435
1,666
+ Inventories
1,330
1,443
1,494
1,860
1,992
2,213
2,971
3,005
3,370
4,029
5,051
5,634
5,088
4,978
5,425
+ Raw Materials
335
362
347
442
421
466
708
812
971
1,305
1,922
2,405
2,057
1,803
1,877
+ Work In Process
129
150
158
208
237
328
505
430
517
540
676
660
705
755
889
+ Finished Goods
866
932
989
1,210
1,334
1,419
1,758
1,763
1,882
2,184
2,453
2,569
2,326
2,420
2,659
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
708
777
613
855
534
595
1,236
922
1,172
1,131
1,640
1,644
1,757
1,963
2,611
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
22,012
22,610
21,983
36,312
35,093
38,887
47,248
45,607
46,488
47,095
75,010
71,925
74,137
75,184
81,636
+ Property, Plant & Equip, Net
1,611
1,726
1,767
2,426
2,449
2,578
4,047
4,165
4,749
5,912
8,333
9,280
9,448
9,306
10,565
+ Property, Plant & Equip
2,575
2,852
3,081
3,869
4,114
4,416
6,339
6,820
7,764
9,577
12,593
14,269
15,524
16,059
18,380
- Accumulated Depreciation
964
1,126
1,314
1,442
1,665
1,838
2,292
2,655
3,015
3,665
4,260
4,989
6,076
6,753
7,815
+ LT Investments & Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
20,400
20,883
20,215
33,886
32,644
36,309
43,201
41,442
41,739
41,183
66,677
62,645
64,689
65,878
71,071
+ Total Intangible Assets
19,789
20,279
19,575
32,953
31,586
35,297
41,974
40,325
39,728
38,726
62,037
58,638
60,690
61,386
65,200
+ Goodwill
11,973
12,474
12,503
18,843
18,828
21,328
25,290
25,347
25,714
26,041
41,924
41,196
44,020
45,853
49,362
+ Other Intangible Assets
7,816
7,804
7,071
14,110
12,758
13,969
16,684
14,978
14,014
12,685
20,113
17,442
16,670
15,533
15,838
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
611
604
641
933
1,058
1,012
1,227
1,117
2,011
2,457
4,640
4,007
3,999
4,492
5,871
Total Assets
26,834
27,445
31,863
42,852
40,834
45,908
56,669
56,232
58,381
69,052
95,123
97,154
98,726
97,321
110,343
+ Payables & Accruals
1,648
1,804
1,939
2,826
2,777
3,125
4,194
4,067
4,605
6,405
8,244
8,830
7,714
8,266
8,946
+ Accounts Payable
612
641
692
821
822
926
1,428
1,615
1,920
2,175
2,867
3,381
2,872
3,079
3,622
+ Accrued Taxes
- -
- -
- -
165
212
165
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
1,036
1,162
1,248
1,840
1,742
2,034
2,766
2,452
2,685
4,230
5,377
5,449
4,842
5,187
5,324
+ ST Debt
1,273
93
988
2,212
1,052
1,255
2,135
1,271
676
2,628
2,537
5,579
3,609
2,214
3,533
+ ST Borrowings
1,273
93
988
2,212
1,052
1,255
2,135
1,271
676
2,628
2,537
5,579
3,609
2,214
3,533
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Liabilities
192
196
199
312
318
486
719
809
916
1,271
2,655
2,601
2,689
2,852
2,710
+ Deferred Revenue
192
196
199
312
318
486
719
809
916
1,271
2,655
2,601
2,689
2,852
2,710
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Current Liabilities
3,113
2,093
3,126
5,350
4,146
4,866
7,048
6,147
6,197
10,304
13,436
17,010
14,012
13,332
15,189
+ LT Debt
5,755
7,031
9,500
12,352
11,420
15,372
18,873
17,719
17,076
19,107
32,333
28,909
31,308
29,061
35,852
+ LT Borrowings
5,755
7,031
9,500
12,352
11,420
15,372
18,873
17,719
17,076
19,107
32,333
28,909
31,308
29,061
35,852
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Liabilities
2,927
2,855
2,382
4,603
3,918
4,130
5,335
4,780
5,433
5,124
8,377
7,087
6,564
5,256
5,766
+ Accrued Liabilities
2,229
2,047
1,610
3,431
2,623
2,557
2,766
2,265
2,192
1,794
3,837
2,849
1,922
1,268
1,493
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
698
808
772
1,172
1,295
1,573
2,569
2,515
3,241
3,330
4,540
4,238
4,642
3,988
4,273
Total Noncurrent Liabilities
8,682
9,887
11,881
16,954
15,338
19,502
24,208
22,499
22,509
24,231
40,710
35,996
37,872
34,317
41,618
Total Liabilities
11,796
11,980
15,007
22,304
19,484
24,368
31,256
28,646
28,706
34,535
54,146
53,006
51,884
47,649
56,807
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
10,558
10,915
8,592
11,882
12,213
12,555
14,605
15,053
15,498
16,016
16,613
17,184
17,728
18,406
19,008
+ Common Stock
406
414
370
408
412
415
428
432
434
437
439
441
442
444
445
+ Additional Paid in Capital
10,152
10,501
8,223
11,474
11,801
12,140
14,177
14,621
15,064
15,579
16,174
16,743
17,286
17,962
18,563
- Treasury Stock
1,837
2,997
412
456
1,008
2,306
3,103
3,665
5,236
6,818
8,922
12,017
15,133
19,226
22,309
+ Retained Earnings
6,716
7,697
8,753
10,407
12,142
13,927
15,914
18,696
22,092
28,116
35,431
41,910
47,364
53,102
59,156
+ Other Equity
-400
-150
-77
-1,285
-1,997
-2,636
-2,003
-2,498
-2,679
-2,807
-2,329
-3,099
-3,224
-2,697
-2,448
Equity Before Minority Interest
15,038
15,465
16,856
20,548
21,350
21,540
25,413
27,586
29,675
34,507
40,793
43,978
46,735
49,585
53,407
+ Minority/Non Controlling Interest
- -
- -
- -
- -
- -
- -
- -
- -
- -
10
184
170
107
87
129
Total Equity
15,038
15,465
16,856
20,548
21,350
21,540
25,413
27,586
29,675
34,517
40,977
44,148
46,842
49,672
53,536
Total Liabilities & Equity
26,834
27,445
31,863
42,852
40,834
45,908
56,669
56,232
58,381
69,052
95,123
97,154
98,726
97,321
110,343
Shares Outstanding
371
357
362
400
400
393
401
402
399
397
394
391
387
381
376
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Debt
6,012
6,319
4,661
13,220
12,020
15,841
19,673
16,887
15,353
11,410
30,393
25,964
26,840
27,266
29,533
Net Debt to Equity
39.98
40.86
27.65
64.34
56.3
73.54
77.41
61.22
51.74
33.06
74.17
58.81
57.3
54.89
55.16
Tangible Common Equity Ratio
-67.44
-67.19
-22.12
-125.31
-110.68
-129.65
-112.7
-80.08
-53.89
-13.88
-63.65
-37.62
-36.41
-32.6
-25.84
Current Ratio
1.55
2.31
3.16
1.22
1.38
1.44
1.34
1.73
1.92
2.13
1.5
1.48
1.75
1.66
1.89
Cash Conversion Cycle
88.08
90.99
91.19
84.58
98.21
101.84
107.79
99.8
98.23
96.14
103.83
97.56
100.27
99.49
96.45

Cash Flow Statement (USD)

APIChat
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
+ Net Income
1,023
1,258
1,279
1,896
1,980
2,025
2,228
2,938
3,698
6,377
7,728
6,960
5,955
6,338
6,721
+ Depreciation & Amortization
860
984
1,000
1,685
1,688
1,758
2,033
2,267
2,277
2,325
2,592
3,381
3,406
3,108
2,780
+ Non-Cash Items
34
-163
-422
-1,174
-370
-388
-949
-185
-387
-114
506
-179
-460
-445
83
+ Stock-Based Compensation
80
78
91
117
125
133
159
181
181
196
230
307
278
301
310
+ Deferred Income Taxes
-123
-302
-473
-622
-525
-620
-1,098
-379
-302
-552
-647
-995
-1,300
-1,209
-639
+ Asset Impairment Charge
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
77
60
-40
-669
30
99
-10
13
-266
242
923
509
562
463
412
+ Chg in Non-Cash Work Cap
-240
-11
159
218
-347
-135
694
-477
-615
-299
-1,514
-1,008
-495
-334
-1,766
+ (Inc) Dec in Accts Receiv
-101
12
-148
-145
-149
-352
-362
-366
-225
-1,302
-204
-430
-43
-171
-426
+ (Inc) Dec in Inventories
-29
-60
-72
-110
-141
98
-81
-324
-458
-508
-1,065
-825
598
-27
-74
+ (Inc) Dec in Prepaid Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inc (Dec) in Accts Payable
34
10
47
1
-3
56
274
201
266
59
479
648
-500
212
421
+ Inc (Dec) in Other
-144
27
332
472
-54
63
863
12
-198
1,452
-724
-401
-550
-348
-1,687
+ Net Cash From Disc Ops
14
-28
-5
-4
-9
-2
-1
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
1,691
2,040
2,011
2,620
2,942
3,258
4,005
4,543
4,973
8,289
9,312
9,154
8,406
8,667
7,818
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
8
13
21
49
18
26
7
50
36
8
20
24
87
57
44
+ Disp of Fixed Prod Assets
8
13
21
49
18
26
7
50
36
8
20
24
87
57
44
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-261
-315
-282
-428
-423
-444
-508
-758
-926
-1,474
-2,523
-2,243
-1,479
-1,400
-1,525
+ Acq of Fixed Prod Assets
-261
-315
-282
-428
-423
-444
-508
-758
-926
-1,474
-2,523
-2,243
-1,479
-1,400
-1,525
+ Acq of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
-1,179
-1,150
-90
2,942
-500
-1,250
940
-500
-1,500
-1,500
-2,000
-3,000
-3,000
-4,000
-3,000
+ Increase in Capital Stock
158
- -
- -
2,942
- -
- -
1,690
- -
- -
- -
- -
- -
- -
- -
- -
+ Decrease in Capital Stock
-1,338
-1,150
-90
- -
-500
-1,250
-750
-500
-1,500
-1,500
-2,000
-3,000
-3,000
-4,000
-3,000
+ Net Change in LT Investment
47
2
8
89
12
81
22
- -
- -
- -
8
79
-123
-1,374
1,450
+ Dec in LT Investment
47
2
8
89
12
81
22
- -
- -
- -
8
131
85
2,022
1,833
+ Inc in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-52
-208
-3,396
-383
+ Net Cash From Acq & Div
-5,676
-1,083
-11
-11,538
-695
-5,178
-7,226
-536
-715
-38
-19,395
-39
-3,660
-3,132
-4,037
+ Cash from Divestitures
14
- -
- -
1,522
- -
- -
- -
- -
1,128
- -
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
-5,690
-1,083
-11
-13,060
-695
-5,178
-7,226
-536
-1,843
-38
-19,395
-39
-3,660
-3,132
-4,037
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
740
13
2
45
-5
-5
-24
-9
118
-6
-42
20
33
8
21
+ Net Cash From Disc Ops
746
59
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-5,142
-1,371
-263
-11,783
-1,093
-5,520
-7,729
-1,253
-1,487
-1,510
-21,932
-2,159
-5,142
-5,841
-4,047
+ Dividends Paid
- -
-142
-216
-235
-241
-238
-237
-266
-297
-337
-395
-455
-523
-583
-636
+ Net Cash From Debt
3,801
928
3,355
2,126
-1,942
4,174
3,026
-1,556
-1,400
2,750
8,911
654
-155
-2,403
5,347
+ Cash From Debt
4,254
1,282
3,368
6,592
9,732
16,786
14,839
5,750
8,419
3,847
20,649
4,719
7,562
1,204
8,854
+ Repayments of Debt
-453
-354
-13
-4,466
-11,674
-12,612
-11,813
-7,306
-9,819
-1,097
-11,738
-4,065
-7,717
-3,607
-3,507
+ Other Financing Activities
929
-553
261
-37
66
73
125
85
79
46
65
-9
56
194
90
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
3,551
-918
3,310
4,796
-2,617
2,759
3,854
-2,237
-3,118
959
6,581
-2,810
-3,622
-6,792
1,801
Effect of Foreign Exchange Rates
- -
38
-37
-116
-130
-152
420
-297
-63
176
194
-139
-82
-91
267
Net Changes in Cash
99
-249
5,057
-4,367
-768
497
130
1,053
368
7,738
-6,039
4,185
-358
-3,966
5,572
EBITDA
2,207
2,548
2,687
3,590
4,140
4,405
5,090
6,100
6,458
10,218
12,817
11,888
10,724
10,825
10,890
EBITDA Margin (%)
19.09
20.37
20.53
21.25
24.4
24.11
24.33
25.04
25.28
31.72
32.69
26.47
25.02
25.25
24.44
Free Cash Flow
1,430
1,724
1,728
2,192
2,519
2,814
3,497
3,785
4,047
6,815
6,789
6,911
6,927
7,267
6,293
Net Cash Paid for Acquisitions
5,676
1,083
11
11,538
695
5,178
7,226
536
715
38
19,395
39
3,660
3,132
4,037
Free Cash Flow to Firm
1,588
1,964
1,982
2,628
- -
- -
4,040
4,386
4,661
7,303
7,258
7,572
8,240
8,527
7,606
Free Cash Flow to Equity
5,239
2,665
5,104
4,368
595
7,014
6,530
2,279
2,683
9,573
15,720
7,589
6,859
4,921
11,684
Free Cash Flow per Basic Share
3.76
4.74
4.8
5.5
6.32
7.13
8.85
9.42
10.12
17.21
17.23
17.63
17.95
19.02
16.69
Price/Free Cash Flow
8.87
9.93
17.76
16.54
16.94
15.15
16.75
17.14
22.19
19.04
22.38
19.04
20.83
19.79
23.44
Cash Flow to Net Income
1.27
1.73
1.58
1.38
1.49
1.61
1.8
1.55
1.35
1.3
1.21
1.32
1.4
1.37
1.17
Capital Expenditures
-261
-315
-282
-428
-423
-444
-508
-758
-926
-1,474
-2,523
-2,243
-1,479
-1,400
-1,525