Ulta Beauty, Inc.

ULTA

ULTAUlta Beauty, Inc. US flag

NASDAQ Global Select

459.33

USD

-5.73

- -

19.75BMarket Cap

Income Statement (USD)

API ChatGPT

	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	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Sales/Revenue/Turnover	1,776	2,220	2,671	3,241	3,924	4,855	5,885	6,717	7,398	6,152	8,631	10,209	11,207	11,296	12,393
+ Sales & Services Revenue	1,776	2,220	2,671	3,241	3,924	4,855	5,885	6,717	7,398	6,152	8,631	10,209	11,207	11,296	12,393
- Cost of Revenue	1,159	1,437	1,729	2,105	2,540	3,108	3,788	4,307	4,717	4,203	5,262	6,164	6,826	6,908	7,548
+ Cost of Goods & Services	1,159	1,437	1,729	2,105	2,540	3,108	3,788	4,307	4,717	4,203	5,262	6,164	6,826	6,908	7,548
Gross Profit	617	784	941	1,137	1,384	1,747	2,097	2,409	2,681	1,949	3,369	4,045	4,381	4,387	4,845
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	411	489	596	712	863	1,074	1,287	1,535	1,761	1,583	2,062	2,395	2,695	2,809	3,296
+ Selling, General & Admin	411	489	596	712	863	1,074	1,287	1,535	1,761	1,583	2,062	2,395	2,695	2,809	3,296
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	206	295	345	425	521	673	810	874	920	366	1,307	1,649	1,687	1,579	1,549
- Non-Operating (Income) Loss	11	15	17	13	14	18	23	15	14	135	11	6	-9	-1	18
+ Interest Expense, Net	1	- -	- -	-1	-1	-1	-2	-5	-5	- -	- -	-5	-18	-15	- -
+ Interest Expense	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	-1	- -	- -	1	1	1	2	5	5	- -	- -	5	18	15	- -
+ Other Non-Op (Income) Loss	9	15	17	14	15	19	24	20	19	135	11	11	9	14	18
Pretax Income	196	280	328	411	507	656	787	859	906	231	1,296	1,644	1,696	1,580	1,531
- Income Tax Expense (Benefit)	75	107	125	154	187	246	232	201	200	55	310	401	405	379	374
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	120	173	203	257	320	410	555	659	706	176	986	1,242	1,291	1,201	1,153
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	120	173	203	257	320	410	555	659	706	176	986	1,242	1,291	1,201	1,153
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	120	173	203	257	320	410	555	659	706	176	986	1,242	1,291	1,201	1,153
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	120	173	203	257	320	410	555	659	706	176	986	1,242	1,291	1,201	1,153
EBIT	206	295	345	425	521	673	810	874	920	366	1,307	1,649	1,687	1,579	1,549
EBITDA	282	383	451	557	686	884	1,062	1,153	1,216	664	1,575	1,891	1,930	1,846	1,850
EBITDA Margin (%)	15.88	17.25	16.89	17.17	17.48	18.2	18.05	17.17	16.44	10.79	18.25	18.52	17.22	16.34	14.92
EBITA	206	295	345	425	521	673	810	874	920	366	1,307	1,649	1,687	1,579	1,549
Gross Margin (%)	34.73	35.3	35.25	35.07	35.28	35.99	35.63	35.87	36.24	31.68	39.03	39.62	39.09	38.84	39.1
Operating Margin (%)	11.61	13.28	12.91	13.1	13.28	13.87	13.76	13.01	12.44	5.95	15.14	16.16	15.05	13.98	12.5
Profit Margin (%)	6.77	7.77	7.6	7.93	8.15	8.44	9.44	9.8	9.54	2.86	11.42	12.17	11.52	10.63	9.31
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	0.99	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	76	88	106	132	165	210	253	279	296	298	268	241	244	267	301
Basic Weighted Avg Shares	61	63	64	64	64	63	62	60	58	56	54	51	49	47	45
Basic EPS, GAAP	1.96	2.73	3.17	4	5	6.55	9.02	11	12.21	3.12	18.09	24.17	26.18	25.44	25.72
Basic EPS from Cont Ops	1.96	2.73	3.17	4	5	6.55	9.02	11	12.21	3.12	18.09	24.17	26.18	25.44	25.72
Diluted Weighted Avg Shares	63	64	64	65	64	63	62	60	58	57	55	52	50	47	45
Diluted EPS, GAAP	1.9	2.68	3.15	3.98	4.98	6.52	8.96	10.94	12.15	3.11	17.98	24.01	26.03	25.34	25.64
Diluted EPS from Cont Ops	1.9	2.68	3.15	3.98	4.98	6.52	8.96	10.94	12.15	3.11	17.98	24.01	26.03	25.34	25.64

Balance Sheet (USD)

API ChatGPT

	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	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Total Current Assets	580	789	1,003	1,260	1,375	1,536	1,694	1,915	2,055	2,515	2,281	2,709	2,837	3,029	3,144
+ Cash, Cash Equivalents & STI	254	320	419	539	476	415	397	409	502	1,046	432	738	767	703	494
+ Cash & Cash Equivalents	254	320	419	389	346	385	277	409	392	1,046	432	738	767	703	424
+ ST Investments	- -	- -	- -	150	130	30	120	- -	110	- -	- -	- -	- -	- -	70
+ Accounts & Notes Receiv	26	42	47	52	65	89	100	136	139	193	234	199	208	223	296
+ Accounts Receivable, Net	26	42	47	52	65	89	100	136	139	193	234	199	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	208	223	296
+ Inventories	245	361	458	581	762	944	1,096	1,214	1,294	1,168	1,499	1,603	1,742	1,968	2,181
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	245	361	458	581	762	944	1,096	1,214	1,294	1,168	1,499	1,603	1,742	1,968	2,181
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	56	66	78	87	73	89	100	155	120	107	117	169	120	134	173
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	377	486	600	723	856	1,016	1,215	1,276	2,809	2,575	2,483	2,661	2,870	2,973	3,855
+ Property, Plant & Equip, Net	377	483	596	717	848	1,004	1,189	1,226	2,743	2,500	2,397	2,571	2,757	2,849	3,247
+ Property, Plant & Equip	673	838	1,023	1,243	1,502	1,803	2,149	2,375	4,103	4,072	4,115	4,424	4,769	5,003	5,660
- Accumulated Depreciation	296	355	427	526	654	799	959	1,149	1,360	1,572	1,719	1,854	2,012	2,154	2,413
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	3	4	6	8	11	25	50	65	75	86	91	114	124	608
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	15	14	13	12	12	11	11	430
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	11	11	11	11	11	11	11	226
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	4	3	2	2	1	1	- -	203
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	3	4	6	8	11	25	35	51	61	74	78	102	113	178
Total Assets	957	1,275	1,603	1,983	2,231	2,552	2,909	3,191	4,864	5,090	4,764	5,370	5,707	6,002	6,999
+ Payables & Accruals	165	221	267	360	396	529	529	625	660	816	930	1,004	938	991	1,273
+ Accounts Payable	86	119	148	191	196	260	326	404	414	477	553	560	544	564	686
+ Accrued Taxes	12	20	28	37	33	34	42	32	39	79	56	59	68	107	111
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	67	82	90	132	167	236	161	189	207	260	321	385	326	320	476
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	240	253	274	283	284	288	369
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	62
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	240	253	274	283	284	288	307
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	113	199	238	274	354	395	437	501	582
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	113	199	238	274	354	395	437	501	582
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	165	221	267	360	396	529	642	824	1,137	1,344	1,558	1,682	1,658	1,779	2,224
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	1,699	1,643	1,573	1,620	1,627	1,635	1,813
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1,699	1,643	1,573	1,620	1,627	1,635	1,813
+ Other LT Liabilities	208	267	333	376	392	472	492	547	126	103	98	109	142	99	158
+ Accrued Liabilities	208	264	328	369	381	453	467	519	89	65	40	55	86	43	99
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	3	4	7	10	20	25	28	36	38	59	54	56	56	60
Total Noncurrent Liabilities	208	267	333	376	392	472	492	547	1,825	1,747	1,671	1,729	1,769	1,734	1,972
Total Liabilities	373	488	600	736	788	1,002	1,134	1,371	2,962	3,090	3,229	3,411	3,428	3,513	4,196
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	405	498	549	578	622	659	700	739	808	848	935	1,025	1,076	1,121	1,183
+ Common Stock	1	1	1	1	1	1	1	1	1	1	1	1	- -	- -	- -
+ Additional Paid in Capital	405	497	548	577	622	658	699	739	807	847	935	1,024	1,075	1,121	1,183
- Treasury Stock	7	7	8	10	12	15	19	25	34	38	53	60	83	107	120
+ Retained Earnings	187	297	462	680	832	906	1,093	1,106	1,128	1,189	653	996	1,287	1,474	1,737
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4
Equity Before Minority Interest	585	787	1,003	1,248	1,443	1,550	1,774	1,820	1,902	2,000	1,535	1,960	2,279	2,488	2,803
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	585	787	1,003	1,248	1,443	1,550	1,774	1,820	1,902	2,000	1,535	1,960	2,279	2,488	2,803
Total Liabilities & Equity	957	1,275	1,603	1,983	2,231	2,552	2,909	3,191	4,864	5,090	4,764	5,370	5,707	6,002	6,999
Shares Outstanding	62	64	64	64	64	62	61	59	57	56	52	50	48	46	44
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	1,938	1,897	1,847	1,903	1,911	1,923	2,120
Net Debt	-254	-320	-419	-389	-346	-385	-277	-409	-392	-1,046	-432	-738	-767	-703	-362
Net Debt to Equity	-43.4	-40.72	-41.82	-31.19	-23.97	-24.84	-15.64	-22.48	-20.63	-52.31	-28.11	-37.65	-33.63	-28.26	-12.91
Tangible Common Equity Ratio	61.08	61.71	62.59	62.9	64.68	60.75	61	56.83	38.93	39.12	32.05	36.35	39.82	41.35	36.13
Current Ratio	3.52	3.57	3.76	3.5	3.47	2.9	2.64	2.32	1.81	1.87	1.46	1.61	1.71	1.7	1.41
Cash Conversion Cycle	51.17	58.39	65.79	67.94	76.01	80.67	77.04	74.22	72.71	76.88	67.93	67.22	63.78	69.68	70.94

Cash Flow Statement (USD)

API ChatGPT

	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	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

+ Net Income	120	173	203	257	320	410	555	659	706	176	986	1,242	1,291	1,201	1,153
+ Depreciation & Amortization	76	88	106	132	165	210	253	279	296	298	268	241	244	267	301
+ Non-Cash Items	-2	-24	10	25	16	46	5	64	315	351	303	367	423	322	400
+ Stock-Based Compensation	12	13	16	15	16	19	24	27	25	28	47	43	48	43	37
+ Deferred Income Taxes	11	9	4	9	6	27	-27	34	6	-24	-26	16	31	-43	-3
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	73	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-25	-46	-9	1	-6	- -	8	3	285	275	282	309	344	322	366
+ Chg in Non-Cash Work Cap	27	2	8	-18	-125	-32	-33	-46	-215	-14	-498	-369	-482	-451	-352
+ (Inc) Dec in Accts Receiv	-4	-15	-6	-5	-13	-24	-11	-36	-21	-54	-41	34	-9	-15	-71
+ (Inc) Dec in Inventories	-26	-116	-97	-123	-181	-182	-152	-122	-79	125	-331	-104	-139	-226	-136
+ (Inc) Dec in Prepaid Assets	-11	-10	-6	-11	-6	-16	-10	-39	9	-4	-3	-19	15	-14	-26
+ Inc (Dec) in Accts Payable	-2	46	44	80	43	134	36	108	38	121	125	57	-83	37	197
+ Inc (Dec) in Other	69	98	72	41	31	55	105	45	-163	-203	-248	-336	-266	-233	-316
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	221	239	328	397	376	634	779	956	1,101	810	1,059	1,482	1,476	1,339	1,503
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-129	-189	-226	-249	-299	-373	-441	-319	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-129	-189	-226	-249	-299	-373	-441	-319	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-3	- -	-38	-42	-169	-347	-372	-622	-691	-118	-1,538	-907	-1,018	-1,027	-915
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-3	- -	-38	-42	-169	-347	-372	-622	-691	-118	-1,538	-907	-1,018	-1,027	-915
+ Net Change in LT Investment	- -	- -	- -	-150	20	100	-90	120	-173	104	-4	-2	-6	-9	-110
+ Dec in LT Investment	- -	- -	- -	50	150	190	240	506	- -	110	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	-200	-130	-90	-330	-386	-173	-6	-4	-2	-6	-9	-110
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	-16	- -	-1	- -	- -	- -	- -	-387
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	-16	- -	-1	- -	- -	- -	- -	-387
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	-299	-152	-172	-312	-435	-374	-435
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-129	-189	-226	-399	-279	-273	-531	-215	-471	-49	-176	-315	-441	-383	-931
+ Dividends Paid	- -	-62	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	33
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	800	- -	- -	391	399	2,215
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	-800	- -	- -	-391	-399	-2,182
+ Other Financing Activities	54	79	35	14	29	25	16	13	44	10	40	46	12	8	32
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	50	16	-3	-28	-140	-322	-356	-609	-647	-108	-1,497	-861	-1,006	-1,019	-851
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	143	67	99	-30	-43	39	-108	132	-17	654	-614	306	29	-63	-279
EBITDA	282	383	451	557	686	884	1,062	1,153	1,216	664	1,575	1,891	1,930	1,846	1,850
EBITDA Margin (%)	15.88	17.25	16.89	17.17	17.48	18.2	18.05	17.17	16.44	10.79	18.25	18.52	17.22	16.34	14.92
Free Cash Flow	92	50	102	148	77	261	339	637	1,101	810	1,059	1,482	1,476	1,339	1,503
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	16	- -	1	- -	- -	- -	- -	387
Free Cash Flow to Firm	93	51	102	148	77	261	339	637	1,101	810	1,059	1,482	1,476	1,339	1,503
Free Cash Flow to Equity	92	50	102	148	77	261	339	637	1,101	810	1,059	1,482	1,476	1,339	1,535
Free Cash Flow per Basic Share	1.51	0.8	1.59	2.29	1.2	4.17	5.5	10.64	19.04	14.38	19.44	28.83	29.94	28.36	33.51
Price/Free Cash Flow	13.8	14.73	9.98	13.21	17.25	16.98	11.28	13.77	14.14	19.53	18.83	17.94	16.87	14.6	19.38
Cash Flow to Net Income	1.84	1.39	1.62	1.54	1.17	1.55	1.4	1.45	1.56	4.61	1.07	1.19	1.14	1.11	1.3
Capital Expenditures	-129	-189	-226	-249	-299	-373	-441	-319	- -	- -	- -	- -	- -	- -	- -