3M Company (MMM)

Analysis: Margins & Ratios Industry: Conglomerates Sector: Industrials Live Price: $167.80

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Revenue	27,804,666,667	30,190,600,000	30,789,400,000	30,450,866,667	28,685,350,000	26,443,400,000	24,484,366,667	24,825,000,000	24,567,000,000	24,575,000,000	24,610,000,000	34,229,000,000	35,355,000,000	32,184,000,000	32,136,000,000	32,765,000,000	31,657,000,000	30,109,000,000	30,274,000,000	31,821,000,000	30,871,000,000	29,904,000,000	29,611,000,000	26,662,000,000	23,123,000,000	25,269,000,000	24,462,000,000	22,923,000,000	21,167,000,000	20,011,000,000	18,232,000,000	16,332,000,000	16,079,000,000	16,724,000,000	15,659,000,000	15,021,000,000	15,070,000,000	14,236,000,000	13,460,000,000
Cost of Revenue	16,265,000,000	16,823,800,000	16,418,400,000	16,121,600,000	15,087,650,000	13,881,120,000	12,966,133,333	14,743,000,000	14,540,000,000	14,495,000,000	15,037,000,000	19,263,000,000	18,743,000,000	16,581,000,000	16,830,000,000	16,575,000,000	15,995,000,000	15,133,000,000	15,532,000,000	16,463,000,000	16,112,000,000	15,692,000,000	15,613,000,000	13,760,000,000	12,036,000,000	13,235,000,000	12,664,000,000	11,586,000,000	10,408,000,000	9,958,000,000	9,285,000,000	8,496,000,000	8,749,000,000	8,787,000,000	8,852,000,000	8,705,000,000	8,580,000,000	8,099,000,000	7,720,000,000
Cost of Revenue Margin	58.79%	56.18%	53.59%	53.11%	52.63%	52.49%	53.26%	59.39%	59.19%	58.98%	61.10%	56.28%	53.01%	51.52%	52.37%	50.59%	50.53%	50.26%	51.30%	51.74%	52.19%	52.47%	52.73%	51.61%	52.05%	52.38%	51.77%	50.54%	49.17%	49.76%	50.93%	52.02%	54.41%	52.54%	56.53%	57.95%	56.93%	56.89%	57.36%
Gross Profit	11,539,666,667	13,366,800,000	14,371,000,000	14,329,266,667	13,597,700,000	12,562,280,000	11,518,233,333	10,082,000,000	10,027,000,000	10,080,000,000	9,573,000,000	14,966,000,000	16,612,000,000	15,603,000,000	15,306,000,000	16,190,000,000	15,662,000,000	14,976,000,000	14,742,000,000	15,358,000,000	14,759,000,000	14,212,000,000	13,998,000,000	12,902,000,000	11,087,000,000	12,034,000,000	11,798,000,000	11,337,000,000	10,759,000,000	10,053,000,000	8,947,000,000	7,836,000,000	7,330,000,000	7,937,000,000	6,807,000,000	6,316,000,000	6,490,000,000	6,137,000,000	5,740,000,000
Gross Profit Margin	41.21%	43.82%	46.41%	46.89%	47.37%	47.51%	46.74%	40.61%	40.81%	41.02%	38.90%	43.72%	46.99%	48.48%	47.63%	49.41%	49.47%	49.74%	48.70%	48.26%	47.81%	47.53%	47.27%	48.39%	47.95%	47.62%	48.23%	49.46%	50.83%	50.24%	49.07%	47.98%	45.59%	47.46%	43.47%	42.05%	43.07%	43.11%	42.64%
R&D Expenses	1,349,666,667	1,577,600,000	1,692,600,000	1,669,933,333	1,586,150,000	1,488,920,000	1,240,766,667	1,151,000,000	1,075,000,000	1,070,000,000	1,123,000,000	1,856,000,000	1,977,000,000	1,862,000,000	1,874,000,000	1,816,000,000	1,862,000,000	1,735,000,000	1,751,000,000	1,770,000,000	1,715,000,000	1,634,000,000	1,570,000,000	1,434,000,000	1,285,000,000	1,391,000,000	1,372,000,000	1,352,000,000	1,274,000,000	1,143,000,000	1,102,000,000	1,070,000,000	1,084,000,000	1,101,000,000	0	0	0	0	0
R&D Expenses Margin	4.78%	5.14%	5.45%	5.45%	5.52%	5.68%	4.73%	4.64%	4.38%	4.35%	4.56%	5.42%	5.59%	5.79%	5.83%	5.54%	5.88%	5.76%	5.78%	5.56%	5.56%	5.46%	5.30%	5.38%	5.56%	5.50%	5.61%	5.90%	6.02%	5.71%	6.04%	6.55%	6.74%	6.58%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	5,839,666,667	6,282,400,000	6,338,600,000	6,265,933,333	5,920,450,000	5,540,960,000	5,236,266,667	3,910,000,000	-74,000,000	4,079,000,000	4,403,000,000	9,037,000,000	7,109,000,000	6,784,000,000	6,458,000,000	6,600,000,000	6,574,000,000	6,222,000,000	6,120,000,000	6,468,000,000	6,384,000,000	6,102,000,000	6,170,000,000	5,479,000,000	4,816,000,000	5,134,000,000	5,041,000,000	4,828,000,000	4,601,000,000	4,332,000,000	4,039,000,000	3,720,000,000	4,061,000,000	3,963,000,000	3,879,000,000	3,784,000,000	3,815,000,000	3,646,000,000	3,440,000,000
SG&A Expenses Margin	20.30%	20.42%	20.40%	20.45%	20.57%	21.07%	21.78%	15.75%	-0.30%	16.60%	17.89%	26.40%	20.11%	21.08%	20.10%	20.14%	20.77%	20.66%	20.22%	20.33%	20.68%	20.41%	20.84%	20.55%	20.83%	20.32%	20.61%	21.06%	21.74%	21.65%	22.15%	22.78%	25.26%	23.70%	24.77%	25.19%	25.32%	25.61%	25.56%
Operating Expenses	7,189,333,333	7,860,000,000	8,031,200,000	7,935,866,667	7,506,600,000	7,018,960,000	6,467,933,333	5,222,000,000	1,001,000,000	5,149,000,000	5,526,000,000	10,893,000,000	9,086,000,000	8,646,000,000	8,332,000,000	8,416,000,000	8,436,000,000	7,957,000,000	7,871,000,000	8,238,000,000	8,099,000,000	7,736,000,000	7,740,000,000	6,913,000,000	6,101,000,000	6,525,000,000	6,413,000,000	6,180,000,000	5,875,000,000	5,475,000,000	5,141,000,000	4,790,000,000	5,057,000,000	4,879,000,000	3,879,000,000	3,784,000,000	3,815,000,000	3,646,000,000	3,440,000,000
Operating Expenses Margin	25.08%	25.56%	25.85%	25.90%	26.08%	26.69%	26.45%	21.04%	4.07%	20.95%	22.45%	31.82%	25.70%	26.86%	25.93%	25.69%	26.65%	26.43%	26.00%	25.89%	26.23%	25.87%	26.14%	25.93%	26.38%	25.82%	26.22%	26.96%	27.76%	27.36%	28.20%	29.33%	31.45%	29.17%	24.77%	25.19%	25.32%	25.61%	25.56%
Operating Income (EBIT)	4,350,333,333	5,506,800,000	6,339,800,000	6,393,400,000	6,091,100,000	5,539,600,000	5,029,066,667	4,860,000,000	9,026,000,000	4,931,000,000	4,047,000,000	4,073,000,000	7,526,000,000	6,957,000,000	6,974,000,000	7,774,000,000	7,226,000,000	7,019,000,000	6,871,000,000	7,120,000,000	6,660,000,000	6,476,000,000	6,258,000,000	5,989,000,000	4,986,000,000	5,509,000,000	5,385,000,000	5,157,000,000	4,884,000,000	4,578,000,000	3,713,000,000	3,046,000,000	2,273,000,000	3,058,000,000	2,956,000,000	2,039,000,000	2,675,000,000	2,491,000,000	2,221,000,000
Operating Income (EBIT) Margin	16.14%	18.26%	20.56%	20.99%	21.29%	20.80%	20.14%	19.58%	36.74%	20.07%	16.44%	11.90%	21.29%	21.62%	21.70%	23.73%	22.83%	23.31%	22.70%	22.38%	21.57%	21.66%	21.13%	22.46%	21.56%	21.80%	22.01%	22.50%	23.07%	22.88%	20.37%	18.65%	14.14%	18.29%	18.88%	13.57%	17.75%	17.50%	16.50%
Interest Income	256,333,333	164,800,000	107,900,000	84,600,000	82,500,000	72,000,000	60,000,000	267,000,000	450,000,000	452,000,000	250,000,000	67,000,000	26,000,000	29,000,000	80,000,000	70,000,000	50,000,000	29,000,000	26,000,000	33,000,000	41,000,000	39,000,000	39,000,000	38,000,000	37,000,000	105,000,000	132,000,000	51,000,000	56,000,000	46,000,000	28,000,000	39,000,000	37,000,000	0	0	0	0	0	0
Interest Income Margin	1.02%	0.64%	0.40%	0.31%	0.31%	0.28%	0.24%	1.08%	1.83%	1.84%	1.02%	0.20%	0.07%	0.09%	0.25%	0.21%	0.16%	0.10%	0.09%	0.10%	0.13%	0.13%	0.13%	0.14%	0.16%	0.42%	0.54%	0.22%	0.26%	0.23%	0.15%	0.24%	0.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Interest Expense	870,666,667	724,400,000	481,300,000	366,933,333	314,500,000	265,880,000	221,566,667	969,000,000	1,296,000,000	1,182,000,000	932,000,000	498,000,000	457,000,000	553,000,000	431,000,000	240,000,000	84,000,000	207,000,000	229,000,000	101,000,000	0	221,000,000	154,000,000	215,000,000	157,000,000	215,000,000	210,000,000	122,000,000	82,000,000	69,000,000	84,000,000	80,000,000	124,000,000	0	0	0	0	0	0
Interest Expense Margin	3.35%	2.61%	1.68%	1.28%	1.13%	0.98%	0.82%	3.90%	5.28%	4.81%	3.79%	1.45%	1.29%	1.72%	1.34%	0.73%	0.27%	0.69%	0.76%	0.32%	0.00%	0.74%	0.52%	0.81%	0.68%	0.85%	0.86%	0.53%	0.39%	0.34%	0.46%	0.49%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Interest Income	-614,333,333	-559,600,000	-373,400,000	-282,333,333	-232,000,000	-193,880,000	-161,566,667	-702,000,000	-846,000,000	-730,000,000	-682,000,000	-431,000,000	-431,000,000	-524,000,000	-351,000,000	-170,000,000	-34,000,000	-178,000,000	-203,000,000	-68,000,000	41,000,000	-182,000,000	-115,000,000	-177,000,000	-120,000,000	-110,000,000	-78,000,000	-71,000,000	-26,000,000	-23,000,000	-56,000,000	-41,000,000	-87,000,000	0	0	0	0	0	0
Net Interest Income Margin	-2.33%	-1.97%	-1.28%	-0.97%	-0.81%	-0.70%	-0.58%	-2.83%	-3.44%	-2.97%	-2.77%	-1.26%	-1.22%	-1.63%	-1.09%	-0.52%	-0.11%	-0.59%	-0.67%	-0.21%	0.13%	-0.61%	-0.39%	-0.66%	-0.52%	-0.44%	-0.32%	-0.31%	-0.12%	-0.11%	-0.31%	-0.25%	-0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	4,972,000,000	3,270,000,000	1,901,400,000	1,352,866,667	1,015,550,000	832,360,000	680,866,667	1,295,000,000	5,143,000,000	833,000,000	15,982,000,000	-1,899,000,000	743,000,000	691,000,000	1,613,000,000	944,000,000	-288,000,000	144,000,000	251,000,000	162,000,000	57,000,000	307,000,000	342,000,000	411,000,000	474,000,000	511,000,000	-652,000,000	-397,000,000	82,000,000	46,000,000	112,000,000	82,000,000	174,000,000	84,000,000	76,000,000	87,000,000	-765,000,000	89,000,000	130,000,000
Unusual Items Margin	20.93%	13.41%	7.53%	5.32%	3.99%	3.31%	2.68%	5.22%	20.93%	3.39%	64.94%	-5.55%	2.10%	2.15%	5.02%	2.88%	-0.91%	0.48%	0.83%	0.51%	0.18%	1.03%	1.15%	1.54%	2.05%	2.02%	-2.67%	-1.73%	0.39%	0.23%	0.61%	0.50%	1.08%	0.50%	0.49%	0.58%	-5.08%	0.63%	0.97%
EBT Excluding Unusual Items	-4,979,333,333	-473,600,000	2,910,400,000	3,970,000,000	4,292,000,000	4,068,760,000	3,828,900,000	2,972,000,000	-414,000,000	3,995,000,000	-27,235,000,000	8,302,000,000	6,471,000,000	6,099,000,000	4,099,000,000	6,056,000,000	7,836,000,000	6,909,000,000	6,572,000,000	6,864,000,000	6,505,000,000	6,044,000,000	5,689,000,000	5,344,000,000	4,158,000,000	4,597,000,000	6,767,000,000	6,022,000,000	4,746,000,000	4,509,000,000	3,545,000,000	2,923,000,000	2,012,000,000	2,890,000,000	2,804,000,000	1,865,000,000	4,205,000,000	2,313,000,000	1,961,000,000
EBT Excluding Unusual Items Margin	-23.39%	-6.58%	6.77%	11.32%	14.12%	14.88%	15.37%	11.97%	-1.69%	16.26%	-110.67%	24.25%	18.30%	18.95%	12.76%	18.48%	24.75%	22.95%	21.71%	21.57%	21.07%	20.21%	19.21%	20.04%	17.98%	18.19%	27.66%	26.27%	22.42%	22.53%	19.44%	17.90%	12.51%	17.28%	17.91%	12.42%	27.90%	16.25%	14.57%
Pre-Tax Income	-7,333,333	2,796,400,000	4,811,800,000	5,322,866,667	5,307,550,000	4,901,120,000	4,509,766,667	4,267,000,000	4,729,000,000	4,828,000,000	-11,253,000,000	6,403,000,000	7,214,000,000	6,790,000,000	5,712,000,000	7,000,000,000	7,548,000,000	7,053,000,000	6,823,000,000	7,026,000,000	6,562,000,000	6,351,000,000	6,031,000,000	5,755,000,000	4,632,000,000	5,108,000,000	6,115,000,000	5,625,000,000	4,828,000,000	4,555,000,000	3,657,000,000	3,005,000,000	2,186,000,000	2,974,000,000	2,880,000,000	1,952,000,000	3,440,000,000	2,402,000,000	2,091,000,000
Pre-Tax Income Margin	-2.46%	6.83%	14.31%	16.64%	18.11%	18.19%	18.05%	17.19%	19.25%	19.65%	-45.73%	18.71%	20.40%	21.10%	17.77%	21.36%	23.84%	23.42%	22.54%	22.08%	21.26%	21.24%	20.37%	21.59%	20.03%	20.21%	25.00%	24.54%	22.81%	22.76%	20.06%	18.40%	13.60%	17.78%	18.39%	13.00%	22.83%	16.87%	15.53%
Income Tax Expense	-483,666,667	234,200,000	1,059,400,000	1,304,600,000	1,392,950,000	1,330,280,000	1,262,866,667	851,000,000	797,000,000	804,000,000	-2,867,000,000	612,000,000	1,285,000,000	1,337,000,000	1,130,000,000	1,637,000,000	2,679,000,000	1,995,000,000	1,982,000,000	2,028,000,000	1,841,000,000	1,840,000,000	1,674,000,000	1,592,000,000	1,388,000,000	1,588,000,000	1,964,000,000	1,723,000,000	1,627,000,000	1,503,000,000	1,202,000,000	966,000,000	702,000,000	1,025,000,000	1,032,000,000	685,000,000	1,241,000,000	886,000,000	785,000,000
Income Tax Expense Margin	-2.20%	0.24%	3.13%	4.10%	4.85%	5.10%	5.30%	3.43%	3.24%	3.27%	-11.65%	1.79%	3.63%	4.15%	3.52%	5.00%	8.46%	6.63%	6.55%	6.37%	5.96%	6.15%	5.65%	5.97%	6.00%	6.28%	8.03%	7.52%	7.69%	7.51%	6.59%	5.91%	4.37%	6.13%	6.59%	4.56%	8.23%	6.22%	5.83%
Net Income	985,000,000	2,865,000,000	3,898,500,000	4,094,133,333	3,957,900,000	3,589,480,000	3,243,266,667	3,401,000,000	4,390,000,000	4,173,000,000	-6,995,000,000	5,777,000,000	5,921,000,000	5,449,000,000	4,570,000,000	5,349,000,000	4,858,000,000	5,050,000,000	4,833,000,000	4,956,000,000	4,659,000,000	4,444,000,000	4,283,000,000	4,085,000,000	3,193,000,000	3,460,000,000	4,096,000,000	3,851,000,000	3,146,000,000	2,990,000,000	2,403,000,000	1,974,000,000	1,430,000,000	1,782,000,000	1,763,000,000	1,175,000,000	2,121,000,000	1,526,000,000	976,000,000
Net Income Margin	1.81%	7.82%	11.77%	12.87%	13.45%	13.15%	12.66%	13.70%	17.87%	16.98%	-28.42%	16.88%	16.75%	16.93%	14.22%	16.33%	15.35%	16.77%	15.96%	15.57%	15.09%	14.86%	14.46%	15.32%	13.81%	13.69%	16.74%	16.80%	14.86%	14.94%	13.18%	12.09%	8.89%	10.66%	11.26%	7.82%	14.07%	10.72%	7.25%
Depreciation and Amortization	1,496,000,000	1,662,800,000	1,584,800,000	1,484,733,333	1,385,900,000	1,309,960,000	1,237,566,667	1,200,000,000	1,440,000,000	1,224,000,000	1,433,000,000	1,831,000,000	1,915,000,000	1,911,000,000	1,593,000,000	1,488,000,000	1,544,000,000	1,474,000,000	1,435,000,000	1,408,000,000	1,371,000,000	1,288,000,000	1,236,000,000	1,120,000,000	1,157,000,000	1,153,000,000	1,072,000,000	1,079,000,000	986,000,000	999,000,000	964,000,000	954,000,000	1,089,000,000	1,025,000,000	900,000,000	866,000,000	870,000,000	883,000,000	859,000,000
Depreciation and Amortization Margin	5.38%	5.50%	5.15%	4.87%	4.82%	5.02%	5.18%	4.83%	5.86%	4.98%	5.82%	5.35%	5.42%	5.94%	4.96%	4.54%	4.88%	4.90%	4.74%	4.42%	4.44%	4.31%	4.17%	4.20%	5.00%	4.56%	4.38%	4.71%	4.66%	4.99%	5.29%	5.84%	6.77%	6.13%	5.75%	5.77%	5.77%	6.20%	6.38%
EBITDA	2,346,666,667	5,175,000,000	6,873,600,000	7,171,666,667	7,005,800,000	6,475,560,000	5,954,966,667	6,385,000,000	7,447,000,000	7,225,000,000	-8,906,000,000	8,721,000,000	9,576,000,000	9,259,000,000	7,736,000,000	8,728,000,000	9,176,000,000	8,734,000,000	8,487,000,000	8,535,000,000	7,933,000,000	7,860,000,000	7,421,000,000	7,090,000,000	5,946,000,000	6,476,000,000	7,397,000,000	6,826,000,000	5,896,000,000	5,623,000,000	4,705,000,000	4,000,000,000	3,362,000,000	4,083,000,000	3,856,000,000	2,905,000,000	3,545,000,000	3,374,000,000	3,080,000,000
EBITDA Margin	6.23%	14.91%	21.13%	22.78%	24.05%	24.19%	23.96%	25.72%	30.31%	29.40%	-36.19%	25.48%	27.09%	28.77%	24.07%	26.64%	28.99%	29.01%	28.03%	26.82%	25.70%	26.28%	25.06%	26.59%	25.71%	25.63%	30.24%	29.78%	27.85%	28.10%	25.81%	24.49%	20.91%	24.41%	24.62%	19.34%	23.52%	23.70%	22.88%
NOPAT	3,603,156,301	4,516,402,025	4,870,230,506	4,800,781,660	4,488,546,195	4,037,794,346	3,627,814,681	3,890,733,536	7,504,806,936	4,109,847,556	3,015,919,488	3,683,701,859	6,185,424,730	5,587,116,495	5,594,339,636	5,955,994,571	4,661,286,963	5,033,617,184	4,875,056,573	5,064,867,635	4,791,505,639	4,599,785,231	4,520,992,539	4,332,268,810	3,491,922,280	3,796,335,161	3,655,459,526	3,577,353,600	3,238,128,418	3,067,410,757	2,492,593,656	2,066,819,967	1,543,061,299	2,004,049,092	1,896,766,667	1,323,469,775	1,709,978,198	1,572,171,524	1,387,195,600
NOPAT Margin	13.25%	14.92%	15.77%	15.74%	15.60%	15.01%	14.30%	15.67%	30.55%	16.72%	12.25%	10.76%	17.50%	17.36%	17.41%	18.18%	14.72%	16.72%	16.10%	15.92%	15.52%	15.38%	15.27%	16.25%	15.10%	15.02%	14.94%	15.61%	15.30%	15.33%	13.67%	12.66%	9.60%	11.98%	12.11%	8.81%	11.35%	11.04%	10.31%
Owner's Earnings	1,197,000,000	3,136,600,000	4,034,700,000	4,110,400,000	3,714,050,000	3,374,440,000	3,007,600,000	3,784,000,000	4,720,000,000	4,355,000,000	-6,623,000,000	5,859,000,000	6,233,000,000	5,859,000,000	4,464,000,000	5,260,000,000	5,029,000,000	5,104,000,000	4,807,000,000	4,871,000,000	4,365,000,000	4,248,000,000	4,060,000,000	3,765,000,000	2,290,000,000	2,775,000,000	2,674,000,000	2,683,000,000	2,203,000,000	2,053,000,000	2,631,000,000	2,165,000,000	1,539,000,000	1,692,000,000	1,624,000,000	611,000,000	1,585,000,000	1,300,000,000	747,000,000
Owner's Earnings Margin	2.64%	8.75%	12.24%	12.93%	12.39%	12.22%	11.50%	15.24%	19.21%	17.72%	-26.91%	17.12%	17.63%	18.20%	13.89%	16.05%	15.89%	16.95%	15.88%	15.31%	14.14%	14.21%	13.71%	14.12%	9.90%	10.98%	10.93%	11.70%	10.41%	10.26%	14.43%	13.26%	9.57%	10.12%	10.37%	4.07%	10.52%	9.13%	5.55%

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Revenue	27,804,666,667	30,190,600,000	30,789,400,000	30,450,866,667	28,685,350,000	26,443,400,000	24,484,366,667	24,575,000,000	24,610,000,000	34,229,000,000	35,355,000,000	32,184,000,000	32,136,000,000	32,765,000,000	31,657,000,000	30,109,000,000	30,274,000,000	31,821,000,000	30,871,000,000	29,904,000,000	29,611,000,000	26,662,000,000	23,123,000,000	25,269,000,000	24,462,000,000	22,923,000,000	21,167,000,000	20,011,000,000	18,232,000,000	16,332,000,000	16,079,000,000	16,724,000,000	15,659,000,000	15,021,000,000	15,070,000,000	14,236,000,000	13,460,000,000
Cash & Cash Equivalents	4,996,666,667	4,837,600,000	3,664,300,000	3,306,666,667	2,945,200,000	2,601,320,000	2,230,966,667	5,600,000,000	5,735,000,000	3,655,000,000	4,564,000,000	4,634,000,000	2,353,000,000	2,853,000,000	3,053,000,000	2,398,000,000	1,798,000,000	1,897,000,000	2,581,000,000	2,883,000,000	2,219,000,000	3,377,000,000	3,040,000,000	1,849,000,000	1,896,000,000	1,447,000,000	1,072,000,000	2,757,000,000	1,836,000,000	618,000,000	616,000,000	302,000,000	387,000,000	211,000,000	230,000,000	583,000,000	485,000,000
Cash & Cash Equivalents Margin	18.92%	16.82%	12.37%	11.19%	10.37%	9.63%	8.46%	22.79%	23.30%	10.68%	12.91%	14.40%	7.32%	8.71%	9.64%	7.96%	5.94%	5.96%	8.36%	9.64%	7.49%	12.67%	13.15%	7.32%	7.75%	6.31%	5.06%	13.78%	10.07%	3.78%	3.83%	1.81%	2.47%	1.40%	1.53%	4.10%	3.60%
Short-Term Investments	805,333,333	604,200,000	497,300,000	704,333,333	636,600,000	509,280,000	457,266,667	2,128,000,000	50,000,000	238,000,000	201,000,000	404,000,000	98,000,000	380,000,000	1,076,000,000	280,000,000	118,000,000	626,000,000	756,000,000	1,648,000,000	1,461,000,000	1,101,000,000	744,000,000	373,000,000	579,000,000	471,000,000	0	0	0	0	0	0	54,000,000	237,000,000	247,000,000	161,000,000	287,000,000
Short-Term Investments Margin	3.19%	2.28%	1.76%	2.44%	2.28%	1.83%	1.75%	8.66%	0.20%	0.70%	0.57%	1.26%	0.30%	1.16%	3.40%	0.93%	0.39%	1.97%	2.45%	5.51%	4.93%	4.13%	3.22%	1.48%	2.37%	2.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.34%	1.58%	1.64%	1.13%	2.13%
Cash & Short-Term Investments	5,802,000,000	5,441,800,000	4,161,600,000	4,011,000,000	3,581,800,000	3,110,600,000	2,688,233,333	7,728,000,000	5,785,000,000	3,893,000,000	4,765,000,000	5,038,000,000	2,451,000,000	3,233,000,000	4,129,000,000	2,678,000,000	1,916,000,000	2,523,000,000	3,337,000,000	4,531,000,000	3,680,000,000	4,478,000,000	3,784,000,000	2,222,000,000	2,475,000,000	1,918,000,000	1,072,000,000	2,757,000,000	1,836,000,000	618,000,000	616,000,000	302,000,000	441,000,000	448,000,000	477,000,000	744,000,000	772,000,000
Cash & Short-Term Investments Margin	22.11%	19.09%	14.12%	13.62%	12.65%	11.45%	10.21%	31.45%	23.51%	11.37%	13.48%	15.65%	7.63%	9.87%	13.04%	8.89%	6.33%	7.93%	10.81%	15.15%	12.43%	16.80%	16.36%	8.79%	10.12%	8.37%	5.06%	13.78%	10.07%	3.78%	3.83%	1.81%	2.82%	2.98%	3.17%	5.23%	5.74%
Net Receivables	3,872,333,333	4,243,400,000	4,504,600,000	4,372,133,333	4,116,350,000	3,893,640,000	3,670,700,000	3,272,000,000	3,710,000,000	4,635,000,000	4,770,000,000	4,830,000,000	4,963,000,000	5,123,000,000	4,982,000,000	4,501,000,000	4,260,000,000	4,315,000,000	4,352,000,000	4,186,000,000	3,976,000,000	3,707,000,000	3,360,000,000	3,325,000,000	3,582,000,000	3,357,000,000	3,121,000,000	3,335,000,000	3,162,000,000	2,840,000,000	2,786,000,000	2,891,000,000	2,778,000,000	2,666,000,000	2,434,000,000	2,504,000,000	2,398,000,000
Net Receivables Margin	13.98%	14.09%	14.63%	14.35%	14.35%	14.92%	15.33%	13.31%	15.08%	13.54%	13.49%	15.01%	15.44%	15.64%	15.74%	14.95%	14.07%	13.56%	14.10%	14.00%	13.43%	13.90%	14.53%	13.16%	14.64%	14.64%	14.74%	16.67%	17.34%	17.39%	17.33%	17.29%	17.74%	17.75%	16.15%	17.59%	17.82%
Inventory	4,338,000,000	4,447,600,000	4,167,500,000	3,976,866,667	3,646,000,000	3,318,680,000	3,136,166,667	3,698,000,000	3,944,000,000	5,372,000,000	4,985,000,000	4,239,000,000	4,134,000,000	4,366,000,000	4,034,000,000	3,385,000,000	3,518,000,000	3,706,000,000	3,864,000,000	3,837,000,000	3,416,000,000	3,155,000,000	2,639,000,000	3,013,000,000	2,852,000,000	2,601,000,000	2,162,000,000	1,897,000,000	1,816,000,000	1,931,000,000	2,091,000,000	2,312,000,000	2,030,000,000	2,219,000,000	2,399,000,000	2,264,000,000	2,206,000,000
Inventory Margin	15.59%	14.81%	13.58%	13.08%	12.64%	12.43%	12.89%	15.05%	16.03%	15.69%	14.10%	13.17%	12.86%	13.33%	12.74%	11.24%	11.62%	11.65%	12.52%	12.83%	11.54%	11.83%	11.41%	11.92%	11.66%	11.35%	10.21%	9.48%	9.96%	11.82%	13.00%	13.82%	12.96%	14.77%	15.92%	15.90%	16.39%
Other Current Assets	1,638,000,000	1,334,400,000	1,266,800,000	1,194,200,000	1,136,100,000	1,068,240,000	1,047,100,000	1,186,000,000	2,940,000,000	788,000,000	883,000,000	875,000,000	1,423,000,000	987,000,000	1,132,000,000	1,162,000,000	1,292,000,000	946,000,000	1,180,000,000	1,076,000,000	1,168,000,000	875,000,000	1,012,000,000	1,038,000,000	929,000,000	1,070,000,000	760,000,000	731,000,000	906,000,000	670,000,000	803,000,000	874,000,000	871,000,000	985,000,000	858,000,000	974,000,000	1,019,000,000
Other Current Assets Margin	6.36%	4.86%	4.34%	4.07%	4.08%	4.18%	4.56%	4.83%	11.95%	2.30%	2.50%	2.72%	4.43%	3.01%	3.58%	3.86%	4.27%	2.97%	3.82%	3.60%	3.94%	3.28%	4.38%	4.11%	3.80%	4.67%	3.59%	3.65%	4.97%	4.10%	4.99%	5.23%	5.56%	6.56%	5.69%	6.84%	7.57%
Total Current Assets	15,650,333,333	15,467,200,000	14,100,500,000	13,572,533,333	12,494,000,000	11,402,160,000	10,549,566,667	15,884,000,000	16,379,000,000	14,688,000,000	15,403,000,000	14,982,000,000	12,971,000,000	13,709,000,000	14,277,000,000	11,726,000,000	10,986,000,000	11,765,000,000	12,733,000,000	13,630,000,000	12,240,000,000	12,215,000,000	10,795,000,000	9,598,000,000	9,838,000,000	8,946,000,000	7,115,000,000	8,720,000,000	7,720,000,000	6,059,000,000	6,296,000,000	6,379,000,000	6,066,000,000	6,318,000,000	6,168,000,000	6,486,000,000	6,395,000,000
Total Current Assets Margin	58.03%	52.84%	46.68%	45.18%	43.76%	43.02%	43.01%	64.63%	66.55%	42.91%	43.57%	46.55%	40.36%	41.84%	45.10%	38.95%	36.29%	36.97%	41.25%	45.58%	41.34%	45.81%	46.69%	37.98%	40.22%	39.03%	33.61%	43.58%	42.34%	37.10%	39.16%	38.14%	38.74%	42.06%	40.93%	45.56%	47.51%
Property, Plant & Equipment	8,769,000,000	9,375,800,000	9,170,500,000	8,811,266,667	8,206,850,000	7,700,640,000	7,275,133,333	7,953,000,000	8,347,000,000	10,007,000,000	10,287,000,000	10,285,000,000	10,191,000,000	8,738,000,000	8,866,000,000	8,516,000,000	8,515,000,000	8,489,000,000	8,652,000,000	8,378,000,000	7,666,000,000	7,279,000,000	7,000,000,000	6,886,000,000	6,582,000,000	5,907,000,000	5,593,000,000	5,711,000,000	5,609,000,000	5,621,000,000	5,615,000,000	5,823,000,000	5,656,000,000	5,566,000,000	5,034,000,000	4,844,000,000	4,638,000,000
Property, Plant & Equipment Margin	31.84%	31.31%	29.94%	29.02%	28.59%	29.41%	30.35%	32.36%	33.92%	29.24%	29.10%	31.96%	31.71%	26.67%	28.01%	28.28%	28.13%	26.68%	28.03%	28.02%	25.89%	27.30%	30.27%	27.25%	26.91%	25.77%	26.42%	28.54%	30.76%	34.42%	34.92%	34.82%	36.12%	37.05%	33.40%	34.03%	34.46%
Goodwill	8,484,333,333	10,548,200,000	10,516,400,000	9,387,400,000	8,227,000,000	6,784,560,000	5,653,800,000	6,281,000,000	6,382,000,000	12,790,000,000	13,486,000,000	13,802,000,000	13,444,000,000	10,051,000,000	10,513,000,000	9,166,000,000	9,249,000,000	7,050,000,000	7,345,000,000	7,385,000,000	7,047,000,000	6,820,000,000	5,832,000,000	5,753,000,000	4,589,000,000	4,082,000,000	3,473,000,000	2,655,000,000	2,419,000,000	0	0	0	0	0	0	0	0
Goodwill Margin	29.62%	33.98%	33.66%	30.44%	27.88%	23.36%	19.47%	25.56%	25.93%	37.37%	38.14%	42.88%	41.83%	30.68%	33.21%	30.44%	30.55%	22.16%	23.79%	24.70%	23.80%	25.58%	25.22%	22.77%	18.76%	17.81%	16.41%	13.27%	13.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	2,410,666,667	3,671,000,000	3,524,800,000	2,935,466,667	2,438,350,000	2,142,000,000	1,806,900,000	1,210,000,000	1,323,000,000	4,699,000,000	5,288,000,000	5,835,000,000	6,379,000,000	2,657,000,000	2,936,000,000	2,320,000,000	2,601,000,000	1,435,000,000	1,688,000,000	1,925,000,000	1,916,000,000	1,820,000,000	1,342,000,000	1,398,000,000	801,000,000	708,000,000	486,000,000	277,000,000	274,000,000	2,167,000,000	1,213,000,000	852,000,000	657,000,000	0	0	0	0
Intangible Assets Margin	8.01%	11.42%	11.06%	9.36%	8.02%	7.57%	6.44%	4.92%	5.38%	13.73%	14.96%	18.13%	19.85%	8.11%	9.27%	7.71%	8.59%	4.51%	5.47%	6.44%	6.47%	6.83%	5.80%	5.53%	3.27%	3.09%	2.30%	1.38%	1.50%	13.27%	7.54%	5.09%	4.20%	0.00%	0.00%	0.00%	0.00%
Long-Term Investments	1,227,333,333	831,600,000	494,600,000	646,666,667	631,050,000	532,160,000	443,466,667	2,505,000,000	210,000,000	967,000,000	262,000,000	214,000,000	196,000,000	188,000,000	150,000,000	128,000,000	126,000,000	117,000,000	1,575,000,000	1,325,000,000	1,051,000,000	686,000,000	928,000,000	463,000,000	778,000,000	480,000,000	272,000,000	227,000,000	218,000,000	238,000,000	0	0	0	0	0	0	0
Long-Term Investments Margin	4.62%	3.06%	1.78%	2.25%	2.31%	2.00%	1.67%	10.19%	0.85%	2.83%	0.74%	0.66%	0.61%	0.57%	0.47%	0.43%	0.42%	0.37%	5.10%	4.43%	3.55%	2.57%	4.01%	1.83%	3.18%	2.09%	1.29%	1.13%	1.20%	1.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Tax Assets	3,294,666,667	2,267,200,000	1,383,000,000	1,170,933,333	990,450,000	825,160,000	706,966,667	4,146,000,000	4,779,000,000	959,000,000	581,000,000	871,000,000	521,000,000	365,000,000	511,000,000	422,000,000	675,000,000	1,130,000,000	360,000,000	578,000,000	1,018,000,000	648,000,000	625,000,000	1,053,000,000	176,000,000	253,000,000	138,000,000	132,000,000	183,000,000	210,000,000	152,000,000	143,000,000	88,000,000	88,000,000	167,000,000	132,000,000	105,000,000
Tax Assets Margin	13.03%	8.69%	5.14%	4.26%	3.66%	3.12%	2.73%	16.87%	19.42%	2.80%	1.64%	2.71%	1.62%	1.11%	1.61%	1.40%	2.23%	3.55%	1.17%	1.93%	3.44%	2.43%	2.70%	4.17%	0.72%	1.10%	0.65%	0.66%	1.00%	1.29%	0.95%	0.86%	0.56%	0.59%	1.11%	0.93%	0.78%
Other Non-Current Assets	5,798,000,000	4,102,800,000	2,433,900,000	1,884,533,333	1,788,750,000	1,763,000,000	1,816,700,000	1,889,000,000	13,160,000,000	2,345,000,000	1,765,000,000	1,355,000,000	957,000,000	792,000,000	734,000,000	611,000,000	731,000,000	711,000,000	1,197,000,000	655,000,000	678,000,000	688,000,000	728,000,000	467,000,000	1,930,000,000	918,000,000	3,464,000,000	2,986,000,000	1,177,000,000	1,482,000,000	1,330,000,000	1,325,000,000	1,429,000,000	2,181,000,000	1,869,000,000	1,902,000,000	3,045,000,000
Other Non-Current Assets Margin	22.67%	15.44%	8.94%	6.84%	6.79%	7.30%	8.48%	7.69%	53.47%	6.85%	4.99%	4.21%	2.98%	2.42%	2.32%	2.03%	2.41%	2.23%	3.88%	2.19%	2.29%	2.58%	3.15%	1.85%	7.89%	4.00%	16.37%	14.92%	6.46%	9.07%	8.27%	7.92%	9.13%	14.52%	12.40%	13.36%	22.62%
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	29,984,000,000	30,796,600,000	27,508,400,000	24,864,533,333	22,298,700,000	19,742,600,000	17,698,866,667	23,984,000,000	34,201,000,000	31,767,000,000	31,669,000,000	32,362,000,000	31,688,000,000	22,791,000,000	23,710,000,000	21,180,000,000	21,732,000,000	19,504,000,000	20,817,000,000	20,246,000,000	19,376,000,000	17,941,000,000	16,455,000,000	15,949,000,000	14,856,000,000	12,348,000,000	13,398,000,000	11,988,000,000	9,880,000,000	9,270,000,000	8,310,000,000	8,143,000,000	7,830,000,000	7,835,000,000	7,070,000,000	6,878,000,000	7,788,000,000
Total Non-Current Assets Margin	109.79%	103.90%	90.47%	82.26%	77.30%	72.69%	69.08%	97.60%	138.97%	92.81%	89.57%	100.55%	98.61%	69.56%	74.90%	70.34%	71.78%	61.29%	67.43%	67.70%	65.44%	67.29%	71.16%	63.12%	60.73%	53.87%	63.30%	59.91%	54.19%	56.76%	51.68%	48.69%	50.00%	52.16%	46.91%	48.31%	57.86%
Total Assets	45,634,333,333	46,263,800,000	41,608,900,000	38,437,066,667	34,792,700,000	31,144,760,000	28,248,433,333	39,868,000,000	50,580,000,000	46,455,000,000	47,072,000,000	47,344,000,000	44,659,000,000	36,500,000,000	37,987,000,000	32,906,000,000	32,718,000,000	31,269,000,000	33,550,000,000	33,876,000,000	31,616,000,000	30,156,000,000	27,250,000,000	25,547,000,000	24,694,000,000	21,294,000,000	20,513,000,000	20,708,000,000	17,600,000,000	15,329,000,000	14,606,000,000	14,522,000,000	13,896,000,000	14,153,000,000	13,238,000,000	13,364,000,000	14,183,000,000
Total Assets Margin	167.82%	156.74%	137.14%	127.44%	121.06%	115.71%	112.09%	162.23%	205.53%	135.72%	133.14%	147.10%	138.97%	111.40%	120.00%	109.29%	108.07%	98.27%	108.68%	113.28%	106.77%	113.10%	117.85%	101.10%	100.95%	92.89%	96.91%	103.48%	96.53%	93.86%	90.84%	86.83%	88.74%	94.22%	87.84%	93.87%	105.37%
Accounts Payable	2,873,000,000	2,834,800,000	2,410,500,000	2,185,200,000	1,984,750,000	1,789,160,000	1,638,666,667	2,660,000,000	2,776,000,000	3,183,000,000	2,994,000,000	2,561,000,000	2,228,000,000	2,266,000,000	1,945,000,000	1,798,000,000	1,694,000,000	1,807,000,000	1,799,000,000	1,762,000,000	1,643,000,000	1,662,000,000	1,453,000,000	1,301,000,000	1,505,000,000	1,402,000,000	1,256,000,000	1,168,000,000	1,087,000,000	945,000,000	753,000,000	1,081,000,000	1,008,000,000	868,000,000	898,000,000	895,000,000	762,000,000
Accounts Payable Margin	10.47%	9.57%	7.94%	7.24%	6.91%	6.68%	6.57%	10.82%	11.28%	9.30%	8.47%	7.96%	6.93%	6.92%	6.14%	5.97%	5.60%	5.68%	5.83%	5.89%	5.55%	6.23%	6.28%	5.15%	6.15%	6.12%	5.93%	5.84%	5.96%	5.79%	4.68%	6.46%	6.44%	5.78%	5.96%	6.29%	5.66%
Short-Term Debt	2,473,333,333	2,010,400,000	1,851,900,000	1,479,933,333	1,442,150,000	1,464,600,000	1,422,500,000	2,082,000,000	3,139,000,000	2,199,000,000	1,570,000,000	1,062,000,000	3,042,000,000	1,211,000,000	1,853,000,000	972,000,000	1,389,000,000	106,000,000	1,683,000,000	527,000,000	95,000,000	1,269,000,000	613,000,000	1,552,000,000	901,000,000	2,506,000,000	1,072,000,000	2,094,000,000	1,202,000,000	1,237,000,000	1,373,000,000	1,866,000,000	1,130,000,000	1,492,000,000	1,499,000,000	1,117,000,000	822,000,000
Short-Term Debt Margin	9.22%	7.08%	6.22%	4.99%	5.17%	5.91%	6.29%	8.47%	12.75%	6.42%	4.44%	3.30%	9.47%	3.70%	5.85%	3.23%	4.59%	0.33%	5.45%	1.76%	0.32%	4.76%	2.65%	6.14%	3.68%	10.93%	5.06%	10.46%	6.59%	7.57%	8.54%	11.16%	7.22%	9.93%	9.95%	7.85%	6.11%
Tax Payables	280,333,333	280,200,000	277,900,000	327,400,000	453,050,000	446,120,000	371,766,667	0	582,000,000	259,000,000	260,000,000	300,000,000	194,000,000	243,000,000	310,000,000	299,000,000	332,000,000	435,000,000	417,000,000	371,000,000	355,000,000	554,000,000	450,000,000	491,000,000	712,000,000	1,310,000,000	1,187,000,000	1,041,000,000	1,051,000,000	0	0	0	0	0	0	0	0
Tax Payables Margin	1.04%	0.96%	0.92%	1.10%	1.73%	1.82%	1.52%	0.00%	2.36%	0.76%	0.74%	0.93%	0.60%	0.74%	0.98%	0.99%	1.10%	1.37%	1.35%	1.24%	1.20%	2.08%	1.95%	1.94%	2.91%	5.71%	5.61%	5.20%	5.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Revenue	192,000,000	320,600,000	423,200,000	434,866,667	401,000,000	345,600,000	288,000,000	15,000,000	23,000,000	538,000,000	529,000,000	498,000,000	430,000,000	617,000,000	513,000,000	551,000,000	518,000,000	541,000,000	521,000,000	471,000,000	389,000,000	369,000,000	316,000,000	322,000,000	323,000,000	299,000,000	237,000,000	226,000,000	196,000,000	198,000,000	0	0	0	0	0	0	0
Deferred Revenue Margin	0.58%	0.95%	1.32%	1.39%	1.36%	1.22%	1.02%	0.06%	0.09%	1.57%	1.50%	1.55%	1.34%	1.88%	1.62%	1.83%	1.71%	1.70%	1.69%	1.58%	1.31%	1.38%	1.37%	1.27%	1.32%	1.30%	1.12%	1.13%	1.08%	1.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	6,206,666,667	5,165,800,000	3,946,600,000	3,478,533,333	3,121,550,000	2,871,440,000	2,694,400,000	6,499,000,000	8,777,000,000	3,344,000,000	3,682,000,000	3,527,000,000	3,328,000,000	2,907,000,000	2,550,000,000	2,114,000,000	2,738,000,000	2,070,000,000	3,078,000,000	2,744,000,000	2,585,000,000	2,235,000,000	2,065,000,000	2,462,000,000	1,921,000,000	1,806,000,000	1,999,000,000	1,542,000,000	1,546,000,000	2,077,000,000	2,383,000,000	1,807,000,000	1,681,000,000	1,862,000,000	1,586,000,000	1,777,000,000	2,140,000,000
Other Current Liabilities Margin	23.96%	18.65%	13.66%	11.96%	11.16%	11.11%	11.33%	26.45%	35.66%	9.77%	10.41%	10.96%	10.36%	8.87%	8.06%	7.02%	9.04%	6.51%	9.97%	9.18%	8.73%	8.38%	8.93%	9.74%	7.85%	7.88%	9.44%	7.71%	8.48%	12.72%	14.82%	10.80%	10.74%	12.40%	10.52%	12.48%	15.90%
Total Current Liabilities	12,025,333,333	10,611,800,000	9,054,900,000	8,118,333,333	7,521,700,000	7,012,280,000	6,500,266,667	11,256,000,000	15,297,000,000	9,523,000,000	9,035,000,000	7,948,000,000	9,222,000,000	7,244,000,000	7,687,000,000	6,219,000,000	7,118,000,000	5,998,000,000	7,498,000,000	6,200,000,000	5,441,000,000	6,089,000,000	4,897,000,000	5,839,000,000	5,362,000,000	7,323,000,000	5,238,000,000	6,071,000,000	5,082,000,000	4,457,000,000	4,509,000,000	4,754,000,000	3,819,000,000	4,386,000,000	3,983,000,000	3,789,000,000	3,724,000,000
Total Current Liabilities Margin	45.26%	37.21%	30.53%	27.36%	26.66%	27.01%	26.98%	45.80%	62.16%	27.82%	25.56%	24.70%	28.70%	22.11%	24.28%	20.65%	23.51%	18.85%	24.29%	20.73%	18.37%	22.84%	21.18%	23.11%	21.92%	31.95%	24.75%	30.34%	27.87%	27.29%	28.04%	28.43%	24.39%	29.20%	26.43%	26.62%	27.67%
Long-Term Debt	13,281,666,667	15,055,200,000	13,867,600,000	10,911,800,000	9,033,650,000	7,516,360,000	6,469,066,667	11,577,000,000	13,612,000,000	14,656,000,000	16,740,000,000	18,691,000,000	18,236,000,000	13,486,000,000	12,156,000,000	10,723,000,000	8,799,000,000	6,790,000,000	4,384,000,000	4,987,000,000	4,563,000,000	4,277,000,000	5,204,000,000	5,224,000,000	4,088,000,000	1,112,000,000	1,368,000,000	798,000,000	1,805,000,000	2,142,000,000	1,520,000,000	971,000,000	1,480,000,000	1,614,000,000	1,015,000,000	851,000,000	1,203,000,000
Long-Term Debt Margin	48.41%	50.13%	45.16%	35.69%	30.33%	25.95%	23.02%	47.11%	55.31%	42.82%	47.35%	58.08%	56.75%	41.16%	38.40%	35.61%	29.06%	21.34%	14.20%	16.68%	15.41%	16.04%	22.51%	20.67%	16.71%	4.85%	6.46%	3.99%	9.90%	13.12%	9.45%	5.81%	9.45%	10.74%	6.74%	5.98%	8.94%
Capital Lease Obligations	749,000,000	830,400,000	468,800,000	260,266,667	213,100,000	176,200,000	146,833,333	615,000,000	716,000,000	916,000,000	947,000,000	958,000,000	965,000,000	75,000,000	60,000,000	45,000,000	-609,000,000	59,000,000	58,000,000	-487,000,000	-508,000,000	94,000,000	107,000,000	58,000,000	69,000,000	65,000,000	59,000,000	71,000,000	70,000,000	2,000,000	0	0	0	0	0	0	0
Capital Lease Obligations Margin	2.70%	2.75%	1.53%	0.85%	0.71%	0.60%	0.50%	2.50%	2.91%	2.68%	2.68%	2.98%	3.00%	0.23%	0.19%	0.15%	-2.01%	0.19%	0.19%	-1.63%	-1.72%	0.35%	0.46%	0.23%	0.28%	0.28%	0.28%	0.35%	0.38%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	409,333,333	403,800,000	353,000,000	321,666,667	349,250,000	381,040,000	344,233,333	354,000,000	315,000,000	559,000,000	458,000,000	333,000,000	301,000,000	279,000,000	235,000,000	145,000,000	551,000,000	141,000,000	538,000,000	167,000,000	251,000,000	198,000,000	91,000,000	21,000,000	355,000,000	84,000,000	1,609,000,000	1,284,000,000	426,000,000	0	469,000,000	362,000,000	332,000,000	193,000,000	89,000,000	97,000,000	90,000,000
Deferred Tax Liabilities Margin	1.45%	1.34%	1.15%	1.06%	1.29%	1.58%	1.50%	1.44%	1.28%	1.63%	1.30%	1.03%	0.94%	0.85%	0.74%	0.48%	1.82%	0.44%	1.74%	0.56%	0.85%	0.74%	0.39%	0.08%	1.45%	0.37%	7.60%	6.42%	2.34%	0.00%	2.92%	2.16%	2.12%	1.28%	0.59%	0.68%	0.67%
Other Non-Current Liabilities	12,074,000,000	9,877,000,000	7,844,100,000	6,684,733,333	5,820,600,000	5,047,840,000	4,507,733,333	12,787,000,000	16,488,000,000	6,947,000,000	5,722,000,000	7,441,000,000	6,774,000,000	5,643,000,000	6,250,000,000	5,461,000,000	4,928,000,000	5,177,000,000	3,163,000,000	4,453,000,000	5,480,000,000	3,557,000,000	3,733,000,000	4,383,000,000	3,106,000,000	2,766,000,000	2,153,000,000	2,122,000,000	2,330,000,000	2,279,000,000	1,495,000,000	1,558,000,000	1,605,000,000	1,798,000,000	1,864,000,000	1,970,000,000	1,799,000,000
Other Non-Current Liabilities Margin	46.44%	35.73%	27.11%	22.96%	20.64%	18.75%	17.68%	52.03%	67.00%	20.30%	16.18%	23.12%	21.08%	17.22%	19.74%	18.14%	16.28%	16.27%	10.25%	14.89%	18.51%	13.34%	16.14%	17.35%	12.70%	12.07%	10.17%	10.60%	12.78%	13.95%	9.30%	9.32%	10.25%	11.97%	12.37%	13.84%	13.37%
Total Non-Current Liabilities	25,765,000,000	25,336,000,000	22,027,400,000	17,900,400,000	15,207,900,000	12,972,160,000	11,338,000,000	24,718,000,000	30,415,000,000	22,162,000,000	22,920,000,000	26,465,000,000	25,311,000,000	19,408,000,000	18,678,000,000	16,344,000,000	13,853,000,000	12,129,000,000	8,104,000,000	9,636,000,000	10,313,000,000	8,050,000,000	9,051,000,000	9,829,000,000	7,585,000,000	4,012,000,000	5,175,000,000	4,259,000,000	4,633,000,000	4,879,000,000	3,484,000,000	2,891,000,000	3,417,000,000	3,441,000,000	2,968,000,000	2,918,000,000	3,092,000,000
Total Non-Current Liabilities Margin	96.31%	87.19%	73.30%	59.64%	52.28%	46.45%	42.30%	100.58%	123.59%	64.75%	64.83%	82.23%	78.76%	59.23%	59.00%	54.28%	45.76%	38.12%	26.25%	32.22%	34.83%	30.19%	39.14%	38.90%	31.01%	17.50%	24.45%	21.28%	25.41%	29.87%	21.67%	17.29%	21.82%	22.91%	19.69%	20.50%	22.97%
Total Liabilities	37,790,333,333	35,947,800,000	31,082,300,000	26,018,733,333	22,729,600,000	19,984,440,000	17,838,266,667	35,974,000,000	45,712,000,000	31,685,000,000	31,955,000,000	34,413,000,000	34,533,000,000	26,652,000,000	26,365,000,000	22,563,000,000	20,971,000,000	18,127,000,000	15,602,000,000	15,836,000,000	15,754,000,000	14,139,000,000	13,948,000,000	15,668,000,000	12,947,000,000	11,335,000,000	10,413,000,000	10,330,000,000	9,715,000,000	9,336,000,000	7,993,000,000	7,645,000,000	7,236,000,000	7,827,000,000	6,951,000,000	6,707,000,000	6,816,000,000
Total Liabilities Margin	141.57%	124.40%	103.83%	87.00%	78.94%	73.46%	69.29%	146.38%	185.75%	92.57%	90.38%	106.93%	107.46%	81.34%	83.28%	74.94%	69.27%	56.97%	50.54%	52.96%	53.20%	53.03%	60.32%	62.00%	52.93%	49.45%	49.19%	51.62%	53.29%	57.16%	49.71%	45.71%	46.21%	52.11%	46.12%	47.11%	50.64%
Preferred Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	8,520,000	50,433,333	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	5,000,000	5,000,000	5,000,000	236,000,000	236,000,000	236,000,000	296,000,000	296,000,000
Common Stock Margin	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.32%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.05%	0.03%	0.03%	0.03%	1.51%	1.57%	1.57%	2.08%	2.20%
Retained Earnings	40,742,000,000	42,361,600,000	40,817,600,000	37,328,733,333	33,076,950,000	29,095,080,000	25,862,200,000	36,797,000,000	37,479,000,000	47,950,000,000	45,821,000,000	43,761,000,000	42,135,000,000	40,636,000,000	39,115,000,000	37,907,000,000	36,575,000,000	34,317,000,000	32,416,000,000	30,679,000,000	28,348,000,000	25,995,000,000	23,753,000,000	22,248,000,000	20,316,000,000	17,933,000,000	17,358,000,000	15,649,000,000	14,010,000,000	12,748,000,000	11,914,000,000	11,517,000,000	10,741,000,000	9,980,000,000	9,848,000,000	8,756,000,000	9,164,000,000
Retained Earnings Margin	147.37%	141.54%	133.31%	122.78%	113.79%	106.08%	99.40%	149.73%	152.29%	140.09%	129.60%	135.97%	131.11%	124.02%	123.56%	125.90%	120.81%	107.84%	105.00%	102.59%	95.73%	97.50%	102.72%	88.04%	83.05%	78.23%	82.01%	78.20%	76.84%	78.06%	74.10%	68.87%	68.59%	66.44%	65.35%	61.51%	68.08%
Accumulated OCI	-6,394,000,000	-6,718,600,000	-6,922,800,000	-6,183,200,000	-5,158,950,000	-4,383,720,000	-3,779,400,000	-5,731,000,000	-6,778,000,000	-6,673,000,000	-6,750,000,000	-7,661,000,000	-8,139,000,000	-6,866,000,000	-7,026,000,000	-7,245,000,000	-6,359,000,000	-6,289,000,000	-3,913,000,000	-4,750,000,000	-5,025,000,000	-3,543,000,000	-3,754,000,000	-3,646,000,000	-747,000,000	-1,873,000,000	-411,000,000	132,000,000	-1,554,000,000	-2,284,000,000	-1,491,000,000	-1,217,000,000	-915,000,000	-858,000,000	-918,000,000	-575,000,000	-523,000,000
Accumulated OCI Margin	-23.45%	-22.65%	-22.68%	-20.36%	-17.46%	-15.50%	-13.77%	-23.32%	-27.54%	-19.50%	-19.09%	-23.80%	-25.33%	-20.96%	-22.19%	-24.06%	-21.00%	-19.76%	-12.68%	-15.88%	-16.97%	-13.29%	-16.23%	-14.43%	-3.05%	-8.17%	-1.94%	0.66%	-8.52%	-13.98%	-9.27%	-7.28%	-5.84%	-5.71%	-6.09%	-4.04%	-3.89%
Minority Interest	53,666,667	59,200,000	55,400,000	152,933,333	141,600,000	148,200,000	189,433,333	52,000,000	61,000,000	48,000,000	71,000,000	64,000,000	63,000,000	52,000,000	59,000,000	45,000,000	39,000,000	33,000,000	446,000,000	465,000,000	442,000,000	354,000,000	538,000,000	0	0	0	0	0	0	0	527,000,000	346,000,000	371,000,000	390,000,000	361,000,000	373,000,000	483,000,000
Minority Interest Margin	0.20%	0.20%	0.18%	0.52%	0.50%	0.62%	0.97%	0.21%	0.25%	0.14%	0.20%	0.20%	0.20%	0.16%	0.19%	0.15%	0.13%	0.10%	1.44%	1.55%	1.49%	1.33%	2.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.28%	2.07%	2.37%	2.60%	2.40%	2.62%	3.59%
Total Shareholders’ Equity	7,790,333,333	10,256,800,000	10,443,300,000	12,246,800,000	11,922,350,000	11,012,800,000	10,221,300,000	3,842,000,000	4,807,000,000	14,722,000,000	15,046,000,000	12,867,000,000	10,063,000,000	9,796,000,000	11,563,000,000	10,298,000,000	11,429,000,000	13,109,000,000	17,502,000,000	17,575,000,000	15,420,000,000	15,663,000,000	12,764,000,000	9,880,000,000	11,747,000,000	9,959,000,000	10,395,000,000	10,378,000,000	7,885,000,000	5,993,000,000	6,086,000,000	6,531,000,000	6,289,000,000	5,936,000,000	5,926,000,000	6,284,000,000	6,884,000,000
Total Shareholders’ Equity Margin	26.06%	32.14%	33.04%	39.86%	41.64%	41.66%	41.86%	15.63%	19.53%	43.01%	42.56%	39.98%	31.31%	29.90%	36.53%	34.20%	37.75%	41.20%	56.69%	58.77%	52.08%	58.75%	55.20%	39.10%	48.02%	43.45%	49.11%	51.86%	43.25%	36.69%	37.85%	39.05%	40.16%	39.52%	39.32%	44.14%	51.14%
Total Equity	7,844,000,000	10,316,000,000	10,498,700,000	12,399,733,333	12,085,150,000	11,177,960,000	10,424,866,667	3,894,000,000	4,868,000,000	14,770,000,000	15,117,000,000	12,931,000,000	10,126,000,000	9,848,000,000	11,622,000,000	10,343,000,000	11,468,000,000	13,142,000,000	17,948,000,000	18,040,000,000	15,862,000,000	16,017,000,000	13,302,000,000	10,304,000,000	11,747,000,000	9,959,000,000	10,395,000,000	10,378,000,000	7,885,000,000	5,993,000,000	6,613,000,000	6,877,000,000	6,660,000,000	6,326,000,000	6,287,000,000	6,657,000,000	7,367,000,000
Total Equity Margin	26.26%	32.34%	33.22%	40.38%	42.23%	42.34%	42.88%	15.85%	19.78%	43.15%	42.76%	40.18%	31.51%	30.06%	36.71%	34.35%	37.88%	41.30%	58.14%	60.33%	53.57%	60.07%	57.53%	40.78%	48.02%	43.45%	49.11%	51.86%	43.25%	36.69%	41.13%	41.12%	42.53%	42.11%	41.72%	46.76%	54.73%
Total Liabilities & Equity	45,634,333,333	46,263,800,000	41,608,900,000	38,437,066,667	34,792,700,000	31,144,760,000	28,248,433,333	39,868,000,000	50,580,000,000	46,455,000,000	47,072,000,000	47,344,000,000	44,659,000,000	36,500,000,000	37,987,000,000	32,906,000,000	32,718,000,000	31,269,000,000	33,550,000,000	33,876,000,000	31,616,000,000	30,156,000,000	27,250,000,000	25,547,000,000	24,694,000,000	21,294,000,000	20,513,000,000	20,708,000,000	17,600,000,000	15,329,000,000	14,606,000,000	14,522,000,000	13,896,000,000	14,153,000,000	13,238,000,000	13,364,000,000	14,183,000,000
Total Liabilities & Equity Margin	167.82%	156.74%	137.14%	127.44%	121.06%	115.71%	112.09%	162.23%	205.53%	135.72%	133.14%	147.10%	138.97%	111.40%	120.00%	109.29%	108.07%	98.27%	108.68%	113.28%	106.77%	113.10%	117.85%	101.10%	100.95%	92.89%	96.91%	103.48%	96.53%	93.86%	90.84%	86.83%	88.74%	94.22%	87.84%	93.87%	105.37%
Total Investments	2,032,666,667	1,435,800,000	991,900,000	1,405,200,000	1,308,300,000	1,073,960,000	927,833,333	4,633,000,000	260,000,000	1,205,000,000	463,000,000	618,000,000	294,000,000	568,000,000	1,226,000,000	408,000,000	244,000,000	1,556,000,000	2,331,000,000	2,973,000,000	2,512,000,000	1,787,000,000	1,672,000,000	836,000,000	1,357,000,000	951,000,000	272,000,000	227,000,000	218,000,000	238,000,000	0	0	54,000,000	237,000,000	247,000,000	161,000,000	287,000,000
Total Investments Margin	7.81%	5.33%	3.53%	4.86%	4.72%	3.93%	3.50%	18.85%	1.06%	3.52%	1.31%	1.92%	0.91%	1.73%	3.87%	1.36%	0.81%	4.89%	7.55%	9.94%	8.48%	6.70%	7.23%	3.31%	5.55%	4.15%	1.29%	1.13%	1.20%	1.46%	0.00%	0.00%	0.34%	1.58%	1.64%	1.13%	2.13%
Net Debt	10,758,333,333	12,228,000,000	12,120,700,000	9,203,333,333	7,619,300,000	6,450,600,000	5,719,733,333	8,059,000,000	11,016,000,000	13,200,000,000	13,746,000,000	15,119,000,000	18,925,000,000	11,844,000,000	10,956,000,000	9,297,000,000	9,045,000,000	4,973,000,000	3,486,000,000	3,189,000,000	3,026,000,000	2,169,000,000	2,777,000,000	4,927,000,000	3,093,000,000	2,171,000,000	1,368,000,000	135,000,000	1,171,000,000	2,761,000,000	2,277,000,000	2,535,000,000	2,223,000,000	2,895,000,000	2,284,000,000	1,385,000,000	1,540,000,000
Net Debt Margin	38.71%	40.40%	39.24%	29.89%	25.42%	22.47%	21.05%	32.79%	44.76%	38.56%	38.88%	46.98%	58.89%	36.15%	34.61%	30.88%	29.88%	15.63%	11.29%	10.66%	10.22%	8.14%	12.01%	19.50%	12.64%	9.47%	6.46%	0.67%	6.42%	16.91%	14.16%	15.16%	14.20%	19.27%	15.16%	9.73%	11.44%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Revenue	27,804,666,667	30,190,600,000	30,789,400,000	30,450,866,667	28,685,350,000	26,443,400,000	24,484,366,667	24,575,000,000	24,610,000,000	34,229,000,000	35,355,000,000	32,184,000,000	32,136,000,000	32,765,000,000	31,657,000,000	30,109,000,000	30,274,000,000	31,821,000,000	30,871,000,000	29,904,000,000	29,611,000,000	26,662,000,000	23,123,000,000	25,269,000,000	24,462,000,000	22,923,000,000	21,167,000,000	20,011,000,000	18,232,000,000	16,332,000,000	16,079,000,000	16,724,000,000	15,659,000,000	15,021,000,000	15,070,000,000	14,236,000,000	13,460,000,000
Working Capital	3,625,000,000	4,855,400,000	5,045,600,000	5,454,200,000	4,972,300,000	4,389,880,000	4,049,300,000	4,628,000,000	1,082,000,000	5,165,000,000	6,368,000,000	7,034,000,000	3,749,000,000	6,465,000,000	6,590,000,000	5,507,000,000	3,868,000,000	5,767,000,000	5,235,000,000	7,430,000,000	6,799,000,000	6,126,000,000	5,898,000,000	3,759,000,000	4,476,000,000	1,623,000,000	1,877,000,000	2,649,000,000	2,638,000,000	1,602,000,000	1,787,000,000	1,625,000,000	2,247,000,000	1,932,000,000	2,185,000,000	2,697,000,000	2,671,000,000
Working Capital Margin	12.77%	15.64%	16.15%	17.82%	17.10%	16.01%	16.03%	18.83%	4.40%	15.09%	18.01%	21.86%	11.67%	19.73%	20.82%	18.29%	12.78%	18.12%	16.96%	24.85%	22.96%	22.98%	25.51%	14.88%	18.30%	7.08%	8.87%	13.24%	14.47%	9.81%	11.11%	9.72%	14.35%	12.86%	14.50%	18.94%	19.84%
Total Capital	23,545,333,333	27,322,400,000	26,228,300,000	24,756,800,000	22,486,850,000	20,064,720,000	18,172,000,000	17,501,000,000	21,558,000,000	31,577,000,000	33,356,000,000	32,620,000,000	31,341,000,000	24,493,000,000	25,572,000,000	21,993,000,000	22,272,000,000	19,979,000,000	23,569,000,000	23,647,000,000	20,665,000,000	21,209,000,000	18,581,000,000	16,656,000,000	16,736,000,000	13,577,000,000	12,835,000,000	13,270,000,000	10,892,000,000	9,372,000,000	8,979,000,000	9,368,000,000	8,899,000,000	9,042,000,000	8,440,000,000	8,252,000,000	8,909,000,000
Total Capital Margin	83.69%	89.35%	84.64%	80.93%	77.43%	73.75%	71.37%	71.21%	87.60%	92.25%	94.35%	101.35%	97.53%	74.75%	80.78%	73.04%	73.57%	62.79%	76.35%	79.08%	69.79%	79.55%	80.36%	65.91%	68.42%	59.23%	60.64%	66.31%	59.74%	57.38%	55.84%	56.02%	56.83%	60.20%	56.01%	57.97%	66.19%
Capital Employed	33,609,000,000	35,652,000,000	32,554,000,000	30,318,733,333	27,271,000,000	24,132,480,000	21,748,166,667	28,612,000,000	35,283,000,000	36,932,000,000	38,037,000,000	39,396,000,000	35,437,000,000	29,256,000,000	30,300,000,000	26,687,000,000	25,600,000,000	25,271,000,000	26,052,000,000	27,676,000,000	26,175,000,000	24,067,000,000	22,353,000,000	19,708,000,000	19,332,000,000	13,971,000,000	15,275,000,000	14,637,000,000	12,518,000,000	10,872,000,000	10,097,000,000	9,768,000,000	10,077,000,000	9,767,000,000	9,255,000,000	9,575,000,000	10,459,000,000
Capital Employed Margin	122.56%	119.54%	106.62%	100.08%	94.40%	88.70%	85.11%	116.43%	143.37%	107.90%	107.59%	122.41%	110.27%	89.29%	95.71%	88.63%	84.56%	79.42%	84.39%	92.55%	88.40%	90.27%	96.67%	77.99%	79.03%	60.95%	72.16%	73.14%	68.66%	66.57%	62.80%	58.41%	64.35%	65.02%	61.41%	67.26%	77.70%
Invested Capital	18,548,666,667	22,484,800,000	22,564,000,000	21,450,133,333	19,541,650,000	17,463,400,000	15,941,033,333	11,901,000,000	15,823,000,000	27,922,000,000	28,792,000,000	27,986,000,000	28,988,000,000	21,640,000,000	22,519,000,000	19,595,000,000	20,474,000,000	18,082,000,000	20,988,000,000	20,764,000,000	18,446,000,000	17,832,000,000	15,541,000,000	14,807,000,000	14,840,000,000	12,130,000,000	11,763,000,000	10,513,000,000	9,056,000,000	8,754,000,000	8,363,000,000	9,066,000,000	8,512,000,000	8,831,000,000	8,210,000,000	7,669,000,000	8,424,000,000
Invested Capital Margin	64.77%	72.54%	72.28%	69.75%	67.06%	64.13%	62.91%	48.43%	64.30%	81.57%	81.44%	86.96%	90.20%	66.05%	71.13%	65.08%	67.63%	56.82%	67.99%	69.44%	62.29%	66.88%	67.21%	58.60%	60.67%	52.92%	55.57%	52.54%	49.67%	53.60%	52.01%	54.21%	54.36%	58.79%	54.48%	53.87%	62.59%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Revenue	27,804,666,667	30,190,600,000	30,789,400,000	30,450,866,667	28,685,350,000	26,443,400,000	24,484,366,667	24,575,000,000	24,610,000,000	34,229,000,000	35,355,000,000	32,184,000,000	32,136,000,000	32,765,000,000	31,657,000,000	30,109,000,000	30,274,000,000	31,821,000,000	30,871,000,000	29,904,000,000	29,611,000,000	26,662,000,000	23,123,000,000	25,269,000,000	24,462,000,000	22,923,000,000	21,167,000,000	20,011,000,000	18,232,000,000	16,332,000,000	16,079,000,000	16,724,000,000	15,659,000,000	15,021,000,000	15,070,000,000	14,236,000,000	13,460,000,000
Net Income	994,666,667	2,860,200,000	3,901,400,000	4,117,600,000	3,978,150,000	3,605,680,000	3,256,766,667	4,188,000,000	-6,995,000,000	5,791,000,000	5,929,000,000	5,388,000,000	4,582,000,000	5,363,000,000	4,869,000,000	5,058,000,000	4,841,000,000	4,998,000,000	4,721,000,000	4,511,000,000	4,357,000,000	4,163,000,000	3,193,000,000	3,460,000,000	4,096,000,000	3,851,000,000	3,199,000,000	2,990,000,000	2,403,000,000	1,974,000,000	1,430,000,000	1,782,000,000	1,763,000,000	1,175,000,000	2,121,000,000	1,526,000,000	976,000,000
Net Income Margin	1.85%	7.81%	11.78%	12.95%	13.52%	13.21%	12.71%	17.04%	-28.42%	16.92%	16.77%	16.74%	14.26%	16.37%	15.38%	16.80%	15.99%	15.71%	15.29%	15.08%	14.71%	15.61%	13.81%	13.69%	16.74%	16.80%	15.11%	14.94%	13.18%	12.09%	8.89%	10.66%	11.26%	7.82%	14.07%	10.72%	7.25%
Depreciation & Amortization	1,727,000,000	1,801,400,000	1,654,100,000	1,502,333,333	1,166,050,000	1,091,760,000	1,055,733,333	1,363,000,000	1,987,000,000	1,831,000,000	1,915,000,000	1,911,000,000	1,593,000,000	1,488,000,000	1,544,000,000	1,474,000,000	1,435,000,000	1,408,000,000	1,371,000,000	1,288,000,000	1,156,000,000	771,000,000	0	786,000,000	0	0	0	0	905,000,000	954,000,000	1,089,000,000	1,025,000,000	900,000,000	866,000,000	870,000,000	883,000,000	859,000,000
Depreciation & Amortization Margin	6.32%	6.06%	5.43%	4.95%	3.87%	4.04%	4.37%	5.55%	8.07%	5.35%	5.42%	5.94%	4.96%	4.54%	4.88%	4.90%	4.74%	4.42%	4.44%	4.31%	3.90%	2.89%	0.00%	3.11%	0.00%	0.00%	0.00%	0.00%	4.96%	5.84%	6.77%	6.13%	5.75%	5.77%	5.77%	6.20%	6.38%
Deferred Income Tax	-1,399,000,000	-905,600,000	-434,900,000	-308,133,333	-205,400,000	-132,960,000	-110,800,000	321,000,000	-3,855,000,000	-663,000,000	-166,000,000	-165,000,000	-273,000,000	-57,000,000	107,000,000	7,000,000	395,000,000	-146,000,000	-167,000,000	33,000,000	177,000,000	-170,000,000	701,000,000	118,000,000	11,000,000	-316,000,000	0	0	115,000,000	579,000,000	1,000,000	89,000,000	0	0	0	0	0
Deferred Income Tax Margin	-5.43%	-3.46%	-1.66%	-1.17%	-0.77%	-0.43%	-0.36%	1.31%	-15.66%	-1.94%	-0.47%	-0.51%	-0.85%	-0.17%	0.34%	0.02%	1.30%	-0.46%	-0.54%	0.11%	0.60%	-0.64%	3.03%	0.47%	0.04%	-1.38%	0.00%	0.00%	0.63%	3.55%	0.01%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%
Stock-Based Compensation	275,333,333	272,400,000	284,000,000	274,000,000	247,850,000	198,280,000	165,233,333	289,000,000	274,000,000	263,000,000	274,000,000	262,000,000	278,000,000	302,000,000	324,000,000	298,000,000	276,000,000	280,000,000	240,000,000	223,000,000	253,000,000	274,000,000	217,000,000	202,000,000	228,000,000	200,000,000	0	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation Margin	1.02%	0.93%	0.94%	0.91%	0.86%	0.69%	0.57%	1.18%	1.11%	0.77%	0.77%	0.81%	0.87%	0.92%	1.02%	0.99%	0.91%	0.88%	0.78%	0.75%	0.85%	1.03%	0.94%	0.80%	0.93%	0.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	-1,858,666,667	-1,173,800,000	-577,600,000	-463,533,333	-334,150,000	-192,080,000	-159,700,000	-5,223,000,000	317,000,000	-670,000,000	-751,000,000	458,000,000	803,000,000	-272,000,000	359,000,000	-7,000,000	-790,000,000	-100,000,000	-160,000,000	-254,000,000	-520,000,000	-143,000,000	534,000,000	-163,000,000	20,000,000	-148,000,000	27,000,000	585,000,000	1,006,000,000	497,000,000	488,000,000	-695,000,000	313,000,000	416,000,000	-405,000,000	-83,000,000	-230,000,000
Change in Working Capital Margin	-7.31%	-4.52%	-2.25%	-1.76%	-1.26%	-0.59%	-0.50%	-21.25%	1.29%	-1.96%	-2.12%	1.42%	2.50%	-0.83%	1.13%	-0.02%	-2.61%	-0.31%	-0.52%	-0.85%	-1.76%	-0.54%	2.31%	-0.65%	0.08%	-0.65%	0.13%	2.92%	5.52%	3.04%	3.04%	-4.16%	2.00%	2.77%	-2.69%	-0.58%	-1.71%
Accounts Receivable	3,000,000	10,400,000	-52,400,000	-110,400,000	-86,300,000	-65,280,000	-54,400,000	114,000,000	0	-105,000,000	-122,000,000	165,000,000	345,000,000	-305,000,000	-245,000,000	-313,000,000	-58,000,000	-268,000,000	-337,000,000	-133,000,000	-205,000,000	-189,000,000	55,000,000	197,000,000	-35,000,000	-103,000,000	-184,000,000	56,000,000	38,000,000	0	0	0	0	0	0	0	0
Accounts Receivable Margin	0.05%	0.06%	-0.15%	-0.35%	-0.29%	-0.21%	-0.18%	0.46%	0.00%	-0.31%	-0.35%	0.51%	1.07%	-0.93%	-0.77%	-1.04%	-0.19%	-0.84%	-1.09%	-0.44%	-0.69%	-0.71%	0.24%	0.78%	-0.14%	-0.45%	-0.87%	0.28%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Inventory	-7,000,000	-203,000,000	-148,100,000	-168,733,333	-143,100,000	-94,480,000	-83,066,667	41,000,000	567,000,000	-629,000,000	-903,000,000	-91,000,000	370,000,000	-509,000,000	-387,000,000	57,000,000	3,000,000	-113,000,000	-86,000,000	-251,000,000	-196,000,000	-404,000,000	453,000,000	-127,000,000	-54,000,000	-309,000,000	-294,000,000	7,000,000	281,000,000	279,000,000	194,000,000	-261,000,000	96,000,000	195,000,000	-295,000,000	-75,000,000	-51,000,000
Inventory Margin	0.21%	-0.44%	-0.36%	-0.49%	-0.44%	-0.23%	-0.23%	0.17%	2.30%	-1.84%	-2.55%	-0.28%	1.15%	-1.55%	-1.22%	0.19%	0.01%	-0.36%	-0.28%	-0.84%	-0.66%	-1.52%	1.96%	-0.50%	-0.22%	-1.35%	-1.39%	0.03%	1.54%	1.71%	1.21%	-1.56%	0.61%	1.30%	-1.96%	-0.53%	-0.38%
Accounts Payable	98,333,333	213,000,000	153,700,000	117,533,333	91,250,000	78,880,000	65,733,333	46,000,000	138,000,000	111,000,000	518,000,000	252,000,000	-117,000,000	408,000,000	24,000,000	148,000,000	9,000,000	75,000,000	16,000,000	72,000,000	-83,000,000	146,000,000	109,000,000	-224,000,000	-4,000,000	68,000,000	113,000,000	35,000,000	112,000,000	0	0	0	0	0	0	0	0
Accounts Payable Margin	0.36%	0.66%	0.48%	0.37%	0.30%	0.27%	0.23%	0.19%	0.56%	0.32%	1.47%	0.78%	-0.36%	1.25%	0.08%	0.49%	0.03%	0.24%	0.05%	0.24%	-0.28%	0.55%	0.47%	-0.89%	-0.02%	0.30%	0.53%	0.17%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	-1,953,000,000	-1,194,200,000	-530,800,000	-301,933,333	-196,000,000	-111,200,000	-87,966,667	-5,424,000,000	-388,000,000	-47,000,000	-244,000,000	132,000,000	205,000,000	134,000,000	967,000,000	101,000,000	-744,000,000	206,000,000	247,000,000	58,000,000	-36,000,000	304,000,000	-83,000,000	-9,000,000	113,000,000	196,000,000	392,000,000	487,000,000	575,000,000	218,000,000	294,000,000	-434,000,000	217,000,000	221,000,000	-110,000,000	-8,000,000	-179,000,000
Other Working Capital Margin	-7.93%	-4.81%	-2.21%	-1.30%	-0.83%	-0.42%	-0.33%	-22.07%	-1.58%	-0.14%	-0.69%	0.41%	0.64%	0.41%	3.05%	0.34%	-2.46%	0.65%	0.80%	0.19%	-0.12%	1.14%	-0.36%	-0.04%	0.46%	0.86%	1.85%	2.43%	3.15%	1.33%	1.83%	-2.60%	1.39%	1.47%	-0.73%	-0.06%	-1.33%
Other Non-Cash Items	4,957,333,333	3,076,800,000	1,421,800,000	923,666,667	774,250,000	655,920,000	534,566,667	881,000,000	14,952,000,000	-961,000,000	253,000,000	259,000,000	87,000,000	-385,000,000	-963,000,000	-168,000,000	263,000,000	186,000,000	-188,000,000	-501,000,000	-139,000,000	279,000,000	296,000,000	130,000,000	-80,000,000	252,000,000	1,032,000,000	707,000,000	34,000,000	74,000,000	70,000,000	28,000,000	62,000,000	-83,000,000	-880,000,000	-115,000,000	655,000,000
Other Non-Cash Items Margin	20.51%	12.61%	5.94%	3.89%	3.29%	2.82%	2.29%	3.58%	60.76%	-2.81%	0.72%	0.80%	0.27%	-1.18%	-3.04%	-0.56%	0.87%	0.58%	-0.61%	-1.68%	-0.47%	1.05%	1.28%	0.51%	-0.33%	1.10%	4.88%	3.53%	0.19%	0.45%	0.44%	0.17%	0.40%	-0.55%	-5.84%	-0.81%	4.87%
Net Cash from Operating Activities	4,696,666,667	5,931,400,000	6,248,800,000	6,045,933,333	5,626,750,000	5,159,440,000	4,685,833,333	1,819,000,000	6,680,000,000	5,591,000,000	7,454,000,000	8,113,000,000	7,070,000,000	6,439,000,000	6,240,000,000	6,662,000,000	6,420,000,000	6,626,000,000	5,817,000,000	5,300,000,000	5,284,000,000	5,174,000,000	4,941,000,000	4,533,000,000	4,275,000,000	3,839,000,000	4,258,000,000	4,282,000,000	3,773,000,000	2,992,000,000	3,078,000,000	2,326,000,000	3,038,000,000	2,374,000,000	1,706,000,000	2,211,000,000	2,260,000,000
Net Cash from Operating Activities Margin	16.96%	19.43%	20.19%	19.77%	19.51%	19.34%	18.75%	7.40%	27.14%	16.33%	21.08%	25.21%	22.00%	19.65%	19.71%	22.13%	21.21%	20.82%	18.84%	17.72%	17.84%	19.41%	21.37%	17.94%	17.48%	16.75%	20.12%	21.40%	20.69%	18.32%	19.14%	13.91%	19.40%	15.80%	11.32%	15.53%	16.79%
Capital Expenditures (PPE)	-1,515,000,000	-1,529,800,000	-1,517,900,000	-1,486,066,667	-1,409,900,000	-1,306,800,000	-1,291,400,000	-1,181,000,000	-1,615,000,000	-1,749,000,000	-1,603,000,000	-1,501,000,000	-1,699,000,000	-1,577,000,000	-1,373,000,000	-1,420,000,000	-1,461,000,000	-1,493,000,000	-1,665,000,000	-1,484,000,000	-1,379,000,000	-1,091,000,000	-903,000,000	-1,471,000,000	-1,422,000,000	-1,168,000,000	-943,000,000	-937,000,000	-677,000,000	-763,000,000	-980,000,000	-1,115,000,000	-1,039,000,000	-1,430,000,000	-1,406,000,000	-1,109,000,000	-1,088,000,000
Capital Expenditures (PPE) Margin	-5.49%	-5.14%	-4.97%	-4.90%	-4.93%	-4.97%	-5.52%	-4.81%	-6.56%	-5.11%	-4.53%	-4.66%	-5.29%	-4.81%	-4.34%	-4.72%	-4.83%	-4.69%	-5.39%	-4.96%	-4.66%	-4.09%	-3.91%	-5.82%	-5.81%	-5.10%	-4.46%	-4.68%	-3.71%	-4.67%	-6.09%	-6.67%	-6.64%	-9.52%	-9.33%	-7.79%	-8.08%
Acquisitions (Net)	183,666,667	230,600,000	-662,400,000	-682,333,333	-611,200,000	-587,360,000	-522,500,000	0	60,000,000	491,000,000	51,000,000	551,000,000	-4,748,000,000	859,000,000	-958,000,000	-16,000,000	-2,914,000,000	-94,000,000	8,000,000	-1,046,000,000	-649,000,000	-1,830,000,000	-69,000,000	-1,306,000,000	358,000,000	321,000,000	-1,293,000,000	-73,000,000	-439,000,000	-1,258,000,000	-218,000,000	-472,000,000	-374,000,000	-265,000,000	-40,000,000	-263,000,000	-49,000,000
Acquisitions (Net) Margin	0.56%	0.71%	-2.13%	-2.28%	-2.14%	-2.30%	-2.14%	0.00%	0.24%	1.43%	0.14%	1.71%	-14.77%	2.62%	-3.03%	-0.05%	-9.63%	-0.30%	0.03%	-3.50%	-2.19%	-6.86%	-0.30%	-5.17%	1.46%	1.40%	-6.11%	-0.36%	-2.41%	-7.70%	-1.36%	-2.82%	-2.39%	-1.76%	-0.27%	-1.85%	-0.36%
Purchases of Investments	-2,289,666,667	-2,130,000,000	-1,572,600,000	-1,913,733,333	-2,311,550,000	-1,851,520,000	-1,545,166,667	-4,153,000,000	-1,466,000,000	-1,250,000,000	-2,202,000,000	-1,579,000,000	-1,635,000,000	-1,828,000,000	-798,000,000	-163,000,000	-652,000,000	-1,280,000,000	-4,040,000,000	-211,000,000	-4,162,000,000	-3,287,000,000	-2,240,000,000	-2,211,000,000	-8,194,000,000	-3,253,000,000	-1,627,000,000	-10,000,000	-16,000,000	-7,000,000	-12,000,000	-12,000,000	-67,000,000	0	0	0	0
Purchases of Investments Margin	-8.84%	-7.53%	-5.35%	-6.51%	-8.58%	-6.87%	-5.74%	-16.90%	-5.96%	-3.65%	-6.23%	-4.91%	-5.09%	-5.58%	-2.52%	-0.54%	-2.15%	-4.02%	-13.09%	-0.71%	-14.06%	-12.33%	-9.69%	-8.75%	-33.50%	-14.19%	-7.69%	-0.05%	-0.09%	-0.04%	-0.07%	-0.07%	-0.43%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	1,665,000,000	1,842,400,000	1,522,500,000	1,705,133,333	2,027,700,000	1,631,480,000	1,359,866,667	2,074,000,000	1,660,000,000	1,261,000,000	2,406,000,000	1,811,000,000	1,443,000,000	669,000,000	1,354,000,000	1,247,000,000	1,300,000,000	754,000,000	627,000,000	5,281,000,000	3,417,000,000	273,000,000	1,401,000,000	2,502,000,000	6,902,000,000	2,591,000,000	1,581,000,000	13,000,000	34,000,000	18,000,000	47,000,000	121,000,000	9,000,000	0	0	0	0
Sales / Maturities of Investments Margin	6.29%	6.26%	5.05%	5.68%	7.41%	5.98%	4.99%	8.44%	6.75%	3.68%	6.81%	5.63%	4.49%	2.04%	4.28%	4.14%	4.29%	2.37%	2.03%	17.66%	11.54%	1.02%	6.06%	9.90%	28.22%	11.30%	7.47%	0.06%	0.19%	0.11%	0.29%	0.72%	0.06%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	136,333,333	115,600,000	142,000,000	348,400,000	323,550,000	278,800,000	285,966,667	54,000,000	154,000,000	201,000,000	31,000,000	138,000,000	195,000,000	2,099,000,000	-1,311,000,000	-1,051,000,000	910,000,000	1,517,000,000	4,214,000,000	-5,226,000,000	55,000,000	3,246,000,000	79,000,000	87,000,000	989,000,000	49,000,000	41,000,000	69,000,000	129,000,000	83,000,000	113,000,000	105,000,000	357,000,000	123,000,000	1,089,000,000	111,000,000	-71,000,000
Other Investing Activities Margin	0.48%	0.39%	0.43%	1.18%	1.14%	1.03%	1.21%	0.22%	0.63%	0.59%	0.09%	0.43%	0.61%	6.41%	-4.14%	-3.49%	3.01%	4.77%	13.65%	-17.48%	0.19%	12.17%	0.34%	0.34%	4.04%	0.21%	0.19%	0.34%	0.71%	0.51%	0.70%	0.63%	2.28%	0.82%	7.23%	0.78%	-0.53%
Net Cash from Investing Activities	-1,819,666,667	-1,471,200,000	-2,088,400,000	-2,028,600,000	-1,981,400,000	-1,835,400,000	-1,713,233,333	-3,206,000,000	-1,207,000,000	-1,046,000,000	-1,317,000,000	-580,000,000	-6,444,000,000	222,000,000	-3,086,000,000	-1,403,000,000	-2,817,000,000	-596,000,000	-856,000,000	-2,686,000,000	-2,718,000,000	-2,689,000,000	-1,732,000,000	-2,399,000,000	-1,367,000,000	-1,460,000,000	-2,241,000,000	-938,000,000	-969,000,000	-1,927,000,000	-1,050,000,000	-1,373,000,000	-1,114,000,000	-1,572,000,000	-357,000,000	-1,261,000,000	-1,208,000,000
Net Cash from Investing Activities Margin	-7.00%	-5.31%	-6.96%	-6.83%	-7.10%	-7.14%	-7.21%	-13.05%	-4.90%	-3.06%	-3.73%	-1.80%	-20.05%	0.68%	-9.75%	-4.66%	-9.31%	-1.87%	-2.77%	-8.98%	-9.18%	-10.09%	-7.49%	-9.49%	-5.59%	-6.37%	-10.59%	-4.69%	-5.31%	-11.80%	-6.53%	-8.21%	-7.11%	-10.47%	-2.37%	-8.86%	-8.97%
Net Debt Issuance	1,540,666,667	320,400,000	1,191,200,000	855,200,000	736,150,000	598,480,000	525,900,000	5,506,000,000	-46,000,000	-838,000,000	-1,145,000,000	-1,875,000,000	3,249,000,000	933,000,000	1,603,000,000	1,043,000,000	3,482,000,000	1,010,000,000	-37,000,000	722,000,000	-307,000,000	-472,000,000	-1,014,000,000	1,037,000,000	1,222,000,000	1,135,000,000	-485,000,000	-111,000,000	-440,000,000	445,000,000	109,000,000	236,000,000	-341,000,000	571,000,000	477,000,000	82,000,000	26,000,000
Net Debt Issuance Margin	6.59%	2.14%	4.37%	3.09%	2.69%	2.22%	2.04%	22.40%	-0.19%	-2.45%	-3.24%	-5.83%	10.11%	2.85%	5.06%	3.46%	11.50%	3.17%	-0.12%	2.41%	-1.04%	-1.77%	-4.39%	4.10%	5.00%	4.95%	-2.29%	-0.55%	-2.41%	2.72%	0.68%	1.41%	-2.18%	3.80%	3.17%	0.58%	0.19%
Long-Term Debt Issuance	1,427,333,333	281,400,000	1,167,600,000	841,066,667	764,200,000	622,520,000	545,933,333	5,711,000,000	-251,000,000	-1,178,000,000	-1,143,000,000	-1,732,000,000	3,565,000,000	1,217,000,000	1,025,000,000	1,840,000,000	2,622,000,000	983,000,000	-35,000,000	758,000,000	-318,000,000	-448,000,000	-478,000,000	676,000,000	2,444,000,000	253,000,000	-227,000,000	-510,000,000	-225,000,000	649,000,000	129,000,000	236,000,000	-341,000,000	571,000,000	477,000,000	82,000,000	26,000,000
Long-Term Debt Issuance Margin	6.26%	2.03%	4.30%	3.05%	2.82%	2.35%	2.14%	23.24%	-1.02%	-3.44%	-3.23%	-5.38%	11.09%	3.71%	3.24%	6.11%	8.66%	3.09%	-0.11%	2.53%	-1.07%	-1.68%	-2.07%	2.68%	9.99%	1.10%	-1.07%	-2.55%	-1.23%	3.97%	0.80%	1.41%	-2.18%	3.80%	3.17%	0.58%	0.19%
Short-Term Debt Issuance	113,333,333	39,000,000	23,600,000	14,133,333	-28,050,000	-24,040,000	-20,033,333	-205,000,000	205,000,000	340,000,000	-2,000,000	-143,000,000	-316,000,000	-284,000,000	578,000,000	-797,000,000	860,000,000	27,000,000	-2,000,000	-36,000,000	11,000,000	-24,000,000	-536,000,000	361,000,000	-1,222,000,000	882,000,000	-258,000,000	399,000,000	-215,000,000	-204,000,000	-20,000,000	0	0	0	0	0	0
Short-Term Debt Issuance Margin	0.33%	0.11%	0.07%	0.04%	-0.13%	-0.13%	-0.11%	-0.83%	0.83%	0.99%	-0.01%	-0.44%	-0.98%	-0.87%	1.83%	-2.65%	2.84%	0.08%	-0.01%	-0.12%	0.04%	-0.09%	-2.32%	1.43%	-5.00%	3.85%	-1.22%	1.99%	-1.18%	-1.25%	-0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-1,099,333,333	-959,400,000	-2,213,300,000	-2,479,200,000	-2,210,950,000	-1,892,040,000	-1,662,900,000	-1,801,000,000	-33,000,000	-1,464,000,000	-1,560,000,000	61,000,000	-1,407,000,000	-4,870,000,000	-2,068,000,000	-3,753,000,000	-5,238,000,000	-5,652,000,000	-5,212,000,000	-2,204,000,000	-1,799,000,000	-188,000,000	414,000,000	-1,342,000,000	-2,443,000,000	-1,828,000,000	-1,832,000,000	-1,283,000,000	-130,000,000	-420,000,000	-860,000,000	-389,000,000	-478,000,000	-369,000,000	-1,338,000,000	-264,000,000	-137,000,000
Net Stock Issuance Margin	-3.91%	-3.19%	-7.15%	-8.02%	-7.52%	-6.71%	-6.17%	-7.33%	-0.13%	-4.28%	-4.41%	0.19%	-4.38%	-14.86%	-6.53%	-12.46%	-17.30%	-17.76%	-16.88%	-7.37%	-6.08%	-0.71%	1.79%	-5.31%	-9.99%	-7.97%	-8.65%	-6.41%	-0.71%	-2.57%	-5.35%	-2.33%	-3.05%	-2.46%	-8.88%	-1.85%	-1.02%
Common Stock Issuance	0	0	0	104,533,333	207,600,000	264,960,000	268,566,667	0	0	0	0	0	0	0	0	0	0	0	0	0	902,000,000	666,000,000	431,000,000	289,000,000	796,000,000	523,000,000	545,000,000	508,000,000	555,000,000	522,000,000	462,000,000	425,000,000	347,000,000	249,000,000	355,000,000	268,000,000	214,000,000
Common Stock Issuance Margin	0.00%	0.00%	0.00%	0.37%	0.83%	1.23%	1.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.05%	2.50%	1.86%	1.14%	3.25%	2.28%	2.57%	2.54%	3.04%	3.20%	2.87%	2.54%	2.22%	1.66%	2.36%	1.88%	1.59%
Common Stock Repurchased	-1,099,333,333	-1,173,000,000	-2,320,100,000	-2,654,933,333	-2,471,950,000	-2,199,720,000	-1,967,066,667	-1,801,000,000	-33,000,000	-1,464,000,000	-2,199,000,000	-368,000,000	-1,407,000,000	-4,870,000,000	-2,068,000,000	-3,753,000,000	-5,238,000,000	-5,652,000,000	-5,212,000,000	-2,204,000,000	-2,701,000,000	-854,000,000	-17,000,000	-1,631,000,000	-3,239,000,000	-2,351,000,000	-2,377,000,000	-1,791,000,000	-685,000,000	-942,000,000	-1,322,000,000	-814,000,000	-825,000,000	-618,000,000	-1,693,000,000	-532,000,000	-351,000,000
Common Stock Repurchased Margin	-3.91%	-3.82%	-7.46%	-8.60%	-8.51%	-8.07%	-7.63%	-7.33%	-0.13%	-4.28%	-6.22%	-1.14%	-4.38%	-14.86%	-6.53%	-12.46%	-17.30%	-17.76%	-16.88%	-7.37%	-9.12%	-3.20%	-0.07%	-6.45%	-13.24%	-10.26%	-11.23%	-8.95%	-3.76%	-5.77%	-8.22%	-4.87%	-5.27%	-4.11%	-11.23%	-3.74%	-2.61%
Preferred Stock Issuance	0	213,600,000	106,800,000	175,733,333	131,800,000	105,440,000	87,866,667	0	0	0	639,000,000	429,000,000	0	0	0	0	0	0	0	0	902,000,000	666,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Issuance Margin	0.00%	0.63%	0.31%	0.58%	0.43%	0.35%	0.29%	0.00%	0.00%	0.00%	1.81%	1.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.05%	2.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-2,887,333,333	-3,094,000,000	-3,002,100,000	-2,577,133,333	-2,276,400,000	-2,020,840,000	-1,825,933,333	-1,982,000,000	-3,311,000,000	-3,369,000,000	-3,420,000,000	-3,388,000,000	-3,316,000,000	-3,193,000,000	-2,803,000,000	-2,678,000,000	-2,561,000,000	-2,216,000,000	-1,730,000,000	-1,635,000,000	-1,555,000,000	-1,500,000,000	-1,431,000,000	-1,398,000,000	-1,380,000,000	-1,376,000,000	-1,286,000,000	-1,125,000,000	-1,034,000,000	-968,000,000	-948,000,000	-918,000,000	-901,000,000	-887,000,000	-876,000,000	-803,000,000	-790,000,000
Net Dividends Paid Margin	-10.45%	-10.31%	-9.78%	-8.45%	-7.81%	-7.39%	-7.13%	-8.07%	-13.45%	-9.84%	-9.67%	-10.53%	-10.32%	-9.75%	-8.85%	-8.89%	-8.46%	-6.96%	-5.60%	-5.47%	-5.25%	-5.63%	-6.19%	-5.53%	-5.64%	-6.00%	-6.08%	-5.62%	-5.67%	-5.93%	-5.90%	-5.49%	-5.75%	-5.91%	-5.81%	-5.64%	-5.87%
Common Dividends Paid	-2,887,333,333	-3,094,000,000	-3,002,100,000	-2,577,133,333	-2,276,400,000	-2,020,840,000	-1,825,933,333	-1,982,000,000	-3,311,000,000	-3,369,000,000	-3,420,000,000	-3,388,000,000	-3,316,000,000	-3,193,000,000	-2,803,000,000	-2,678,000,000	-2,561,000,000	-2,216,000,000	-1,730,000,000	-1,635,000,000	-1,555,000,000	-1,500,000,000	-1,431,000,000	-1,398,000,000	-1,380,000,000	-1,376,000,000	-1,286,000,000	-1,125,000,000	-1,034,000,000	-968,000,000	-948,000,000	-918,000,000	-901,000,000	-887,000,000	-876,000,000	-803,000,000	-790,000,000
Common Dividends Paid Margin	-10.45%	-10.31%	-9.78%	-8.45%	-7.81%	-7.39%	-7.13%	-8.07%	-13.45%	-9.84%	-9.67%	-10.53%	-10.32%	-9.75%	-8.85%	-8.89%	-8.46%	-6.96%	-5.60%	-5.47%	-5.25%	-5.63%	-6.19%	-5.53%	-5.64%	-6.00%	-6.08%	-5.62%	-5.67%	-5.93%	-5.90%	-5.49%	-5.75%	-5.91%	-5.81%	-5.64%	-5.87%
Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Dividends Paid Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Financing Activities	-20,333,333	-35,800,000	264,400,000	381,066,667	285,500,000	220,680,000	182,333,333	-625,000,000	243,000,000	321,000,000	-20,000,000	-98,000,000	350,000,000	429,000,000	613,000,000	762,000,000	669,000,000	255,000,000	1,733,000,000	1,059,000,000	-14,000,000	39,000,000	17,000,000	-63,000,000	54,000,000	8,000,000	-22,000,000	-15,000,000	-23,000,000	-78,000,000	-17,000,000	-60,000,000	-51,000,000	-53,000,000	-22,000,000	79,000,000	0
Other Financing Activities Margin	-0.21%	-0.20%	0.81%	1.21%	0.91%	0.68%	0.56%	-2.54%	0.99%	0.94%	-0.06%	-0.30%	1.09%	1.31%	1.94%	2.53%	2.21%	0.80%	5.61%	3.54%	-0.05%	0.15%	0.07%	-0.25%	0.22%	0.03%	-0.10%	-0.07%	-0.13%	-0.48%	-0.11%	-0.36%	-0.33%	-0.35%	-0.15%	0.55%	0.00%
Net Cash from Financing Activities	-2,466,333,333	-3,768,800,000	-3,759,800,000	-3,820,066,667	-3,468,400,000	-3,095,880,000	-2,780,966,667	1,098,000,000	-3,147,000,000	-5,350,000,000	-6,145,000,000	-5,300,000,000	-1,124,000,000	-6,701,000,000	-2,655,000,000	-4,626,000,000	-3,648,000,000	-6,603,000,000	-5,246,000,000	-2,058,000,000	-3,675,000,000	-2,121,000,000	-2,014,000,000	-1,766,000,000	-2,547,000,000	-2,061,000,000	-3,679,000,000	-2,534,000,000	-1,627,000,000	-1,021,000,000	-1,716,000,000	-1,131,000,000	-1,728,000,000	-738,000,000	-1,759,000,000	-906,000,000	-901,000,000
Net Cash from Financing Activities Margin	-7.98%	-11.56%	-11.75%	-12.17%	-11.75%	-11.21%	-10.70%	4.47%	-12.79%	-15.63%	-17.38%	-16.47%	-3.50%	-20.45%	-8.39%	-15.36%	-12.05%	-20.75%	-16.99%	-6.88%	-12.41%	-7.96%	-8.71%	-6.99%	-10.41%	-8.99%	-17.38%	-12.66%	-8.92%	-6.25%	-10.67%	-6.76%	-11.04%	-4.91%	-11.67%	-6.36%	-6.69%
Effect of FX on Cash	-65,333,333	-42,000,000	-30,300,000	-26,600,000	-34,800,000	-19,640,000	-14,866,667	-44,000,000	-48,000,000	-104,000,000	-62,000,000	48,000,000	-2,000,000	-160,000,000	156,000,000	-33,000,000	-54,000,000	-111,000,000	-17,000,000	108,000,000	-49,000,000	-27,000,000	-4,000,000	-415,000,000	88,000,000	57,000,000	-23,000,000	111,000,000	41,000,000	-42,000,000	2,000,000	93,000,000	-20,000,000	-83,000,000	57,000,000	54,000,000	37,000,000
Effect of FX on Cash Margin	-0.23%	-0.14%	-0.10%	-0.09%	-0.12%	-0.05%	-0.03%	-0.18%	-0.20%	-0.30%	-0.18%	0.15%	-0.01%	-0.49%	0.49%	-0.11%	-0.18%	-0.35%	-0.06%	0.36%	-0.17%	-0.10%	-0.02%	-1.64%	0.36%	0.25%	-0.11%	0.55%	0.22%	-0.26%	0.01%	0.56%	-0.13%	-0.55%	0.38%	0.38%	0.27%
Net Change in Cash	345,333,333	649,400,000	370,300,000	170,666,667	142,150,000	208,520,000	176,766,667	-333,000,000	2,278,000,000	-909,000,000	-70,000,000	2,281,000,000	-500,000,000	-200,000,000	655,000,000	600,000,000	-99,000,000	-684,000,000	-302,000,000	664,000,000	-1,158,000,000	337,000,000	1,191,000,000	-47,000,000	449,000,000	375,000,000	-1,685,000,000	921,000,000	1,218,000,000	2,000,000	314,000,000	-85,000,000	176,000,000	-19,000,000	-353,000,000	98,000,000	188,000,000
Net Change in Cash Margin	1.75%	2.43%	1.37%	0.68%	0.53%	0.93%	0.80%	-1.36%	9.26%	-2.66%	-0.20%	7.09%	-1.56%	-0.61%	2.07%	1.99%	-0.33%	-2.15%	-0.98%	2.22%	-3.91%	1.26%	5.15%	-0.19%	1.84%	1.64%	-7.96%	4.60%	6.68%	0.01%	1.95%	-0.51%	1.12%	-0.13%	-2.34%	0.69%	1.40%
Cash at Beginning of Period	4,717,333,333	4,227,800,000	3,313,800,000	3,149,200,000	2,812,950,000	2,400,720,000	2,060,800,000	5,933,000,000	3,655,000,000	4,564,000,000	4,634,000,000	2,353,000,000	2,853,000,000	3,053,000,000	2,398,000,000	1,798,000,000	1,897,000,000	2,581,000,000	2,883,000,000	2,219,000,000	3,377,000,000	3,040,000,000	1,849,000,000	1,896,000,000	1,447,000,000	1,072,000,000	2,757,000,000	1,836,000,000	618,000,000	616,000,000	302,000,000	387,000,000	211,000,000	230,000,000	583,000,000	485,000,000	297,000,000
Cash at Beginning of Period Margin	17.44%	14.55%	11.08%	10.56%	9.88%	8.72%	7.68%	24.14%	14.85%	13.33%	13.11%	7.31%	8.88%	9.32%	7.57%	5.97%	6.27%	8.11%	9.34%	7.42%	11.40%	11.40%	8.00%	7.50%	5.92%	4.68%	13.02%	9.17%	3.39%	3.77%	1.88%	2.31%	1.35%	1.53%	3.87%	3.41%	2.21%
Cash at End of Period	5,062,666,667	4,877,200,000	3,684,100,000	3,319,866,667	2,955,100,000	2,609,240,000	2,237,566,667	5,600,000,000	5,933,000,000	3,655,000,000	4,564,000,000	4,634,000,000	2,353,000,000	2,853,000,000	3,053,000,000	2,398,000,000	1,798,000,000	1,897,000,000	2,581,000,000	2,883,000,000	2,219,000,000	3,377,000,000	3,040,000,000	1,849,000,000	1,896,000,000	1,447,000,000	1,072,000,000	2,757,000,000	1,836,000,000	618,000,000	616,000,000	302,000,000	387,000,000	211,000,000	230,000,000	583,000,000	485,000,000
Cash at End of Period Margin	19.19%	16.98%	12.45%	11.24%	10.41%	9.66%	8.48%	22.79%	24.11%	10.68%	12.91%	14.40%	7.32%	8.71%	9.64%	7.96%	5.94%	5.96%	8.36%	9.64%	7.49%	12.67%	13.15%	7.32%	7.75%	6.31%	5.06%	13.78%	10.07%	3.78%	3.83%	1.81%	2.47%	1.40%	1.53%	4.10%	3.60%
Operating Cash Flow	4,696,666,667	5,931,400,000	6,248,800,000	6,045,933,333	5,626,750,000	5,159,440,000	4,685,833,333	1,819,000,000	6,680,000,000	5,591,000,000	7,454,000,000	8,113,000,000	7,070,000,000	6,439,000,000	6,240,000,000	6,662,000,000	6,420,000,000	6,626,000,000	5,817,000,000	5,300,000,000	5,284,000,000	5,174,000,000	4,941,000,000	4,533,000,000	4,275,000,000	3,839,000,000	4,258,000,000	4,282,000,000	3,773,000,000	2,992,000,000	3,078,000,000	2,326,000,000	3,038,000,000	2,374,000,000	1,706,000,000	2,211,000,000	2,260,000,000
Operating Cash Flow Margin	16.96%	19.43%	20.19%	19.77%	19.51%	19.34%	18.75%	7.40%	27.14%	16.33%	21.08%	25.21%	22.00%	19.65%	19.71%	22.13%	21.21%	20.82%	18.84%	17.72%	17.84%	19.41%	21.37%	17.94%	17.48%	16.75%	20.12%	21.40%	20.69%	18.32%	19.14%	13.91%	19.40%	15.80%	11.32%	15.53%	16.79%
Capital Expenditure	-1,515,000,000	-1,529,800,000	-1,517,900,000	-1,486,066,667	-1,409,900,000	-1,306,800,000	-1,291,400,000	-1,181,000,000	-1,615,000,000	-1,749,000,000	-1,603,000,000	-1,501,000,000	-1,699,000,000	-1,577,000,000	-1,373,000,000	-1,420,000,000	-1,461,000,000	-1,493,000,000	-1,665,000,000	-1,484,000,000	-1,379,000,000	-1,091,000,000	-903,000,000	-1,471,000,000	-1,422,000,000	-1,168,000,000	-943,000,000	-937,000,000	-677,000,000	-763,000,000	-980,000,000	-1,115,000,000	-1,039,000,000	-1,430,000,000	-1,406,000,000	-1,109,000,000	-1,088,000,000
Capital Expenditure Margin	-5.49%	-5.14%	-4.97%	-4.90%	-4.93%	-4.97%	-5.52%	-4.81%	-6.56%	-5.11%	-4.53%	-4.66%	-5.29%	-4.81%	-4.34%	-4.72%	-4.83%	-4.69%	-5.39%	-4.96%	-4.66%	-4.09%	-3.91%	-5.82%	-5.81%	-5.10%	-4.46%	-4.68%	-3.71%	-4.67%	-6.09%	-6.67%	-6.64%	-9.52%	-9.33%	-7.79%	-8.08%
Free Cash Flow	3,181,666,667	4,401,600,000	4,730,900,000	4,559,866,667	4,216,850,000	3,852,640,000	3,394,433,333	638,000,000	5,065,000,000	3,842,000,000	5,851,000,000	6,612,000,000	5,371,000,000	4,862,000,000	4,867,000,000	5,242,000,000	4,959,000,000	5,133,000,000	4,152,000,000	3,816,000,000	3,905,000,000	4,083,000,000	4,038,000,000	3,062,000,000	2,853,000,000	2,671,000,000	3,315,000,000	3,345,000,000	3,096,000,000	2,229,000,000	2,098,000,000	1,211,000,000	1,999,000,000	944,000,000	300,000,000	1,102,000,000	1,172,000,000
Free Cash Flow Margin	11.47%	14.30%	15.22%	14.87%	14.58%	14.37%	13.22%	2.60%	20.58%	11.22%	16.55%	20.54%	16.71%	14.84%	15.37%	17.41%	16.38%	16.13%	13.45%	12.76%	13.19%	15.31%	17.46%	12.12%	11.66%	11.65%	15.66%	16.72%	16.98%	13.65%	13.05%	7.24%	12.77%	6.28%	1.99%	7.74%	8.71%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	15Y Avg	20Y Avg	25Y Avg	30Y Avg	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Revenue	27,804,666,667	30,190,600,000	30,789,400,000	30,450,866,667	28,685,350,000	26,443,400,000	24,484,366,667	24,575,000,000	24,610,000,000	34,229,000,000	35,355,000,000	32,184,000,000	32,136,000,000	32,765,000,000	31,657,000,000	30,109,000,000	30,274,000,000	31,821,000,000	30,871,000,000	29,904,000,000	29,611,000,000	26,662,000,000	23,123,000,000	25,269,000,000	24,462,000,000	22,923,000,000	21,167,000,000	20,011,000,000	18,232,000,000	16,332,000,000	16,079,000,000	16,724,000,000	15,659,000,000	15,021,000,000	15,070,000,000	14,236,000,000	13,460,000,000
EBITDA	2,346,666,667	5,175,000,000	6,873,600,000	7,171,666,667	7,005,800,000	6,475,560,000	5,954,966,667	7,225,000,000	-8,906,000,000	8,721,000,000	9,576,000,000	9,259,000,000	7,736,000,000	8,728,000,000	9,176,000,000	8,734,000,000	8,487,000,000	8,535,000,000	7,933,000,000	7,860,000,000	7,421,000,000	7,090,000,000	5,946,000,000	6,476,000,000	7,397,000,000	6,826,000,000	5,896,000,000	5,623,000,000	4,705,000,000	4,000,000,000	3,362,000,000	4,083,000,000	3,856,000,000	2,905,000,000	3,545,000,000	3,374,000,000	3,080,000,000
EBITDA Margin	6.23%	14.91%	21.13%	22.78%	24.05%	24.19%	23.96%	29.40%	-36.19%	25.48%	27.09%	28.77%	24.07%	26.64%	28.99%	29.01%	28.03%	26.82%	25.70%	26.28%	25.06%	26.59%	25.71%	25.63%	30.24%	29.78%	27.85%	28.10%	25.81%	24.49%	20.91%	24.41%	24.62%	19.34%	23.52%	23.70%	22.88%
(-) Tax Adjustment	1,435,254,485	1,566,932,134	1,959,885,253	2,039,090,343	2,041,746,446	1,920,381,093	1,803,012,963	1,203,169,014	2,269,039,545	833,554,896	1,705,733,296	1,823,163,918	1,530,406,162	2,041,105,143	3,256,823,529	2,470,484,900	2,465,372,124	2,463,561,059	2,225,640,506	2,277,184,695	2,059,816,614	1,961,299,739	1,781,746,114	2,013,290,525	2,375,749,469	2,090,879,644	1,986,908,036	1,855,404,830	1,546,461,581	1,285,856,905	1,079,654,163	1,407,220,915	1,381,733,333	1,019,428,791	1,278,879,360	1,244,531,224	1,156,288,857
(-) Tax Adjustment Margin	5.52%	5.41%	6.47%	6.77%	7.27%	7.45%	7.59%	4.90%	9.22%	2.44%	4.82%	5.66%	4.76%	6.23%	10.29%	8.21%	8.14%	7.74%	7.21%	7.61%	6.96%	7.36%	7.71%	7.97%	9.71%	9.12%	9.39%	9.27%	8.48%	7.87%	6.71%	8.41%	8.82%	6.79%	8.49%	8.74%	8.59%
(-) Change In Working Capital	-1,858,666,667	-1,173,800,000	-577,600,000	-463,533,333	-334,150,000	-192,080,000	-159,700,000	-5,223,000,000	317,000,000	-670,000,000	-751,000,000	458,000,000	803,000,000	-272,000,000	359,000,000	-7,000,000	-790,000,000	-100,000,000	-160,000,000	-254,000,000	-520,000,000	-143,000,000	534,000,000	-163,000,000	20,000,000	-148,000,000	27,000,000	585,000,000	1,006,000,000	497,000,000	488,000,000	-695,000,000	313,000,000	416,000,000	-405,000,000	-83,000,000	-230,000,000
(-) Change In Working Capital Margin	-7.31%	-4.52%	-2.25%	-1.76%	-1.26%	-0.59%	-0.50%	-21.25%	1.29%	-1.96%	-2.12%	1.42%	2.50%	-0.83%	1.13%	-0.02%	-2.61%	-0.31%	-0.52%	-0.85%	-1.76%	-0.54%	2.31%	-0.65%	0.08%	-0.65%	0.13%	2.92%	5.52%	3.04%	3.04%	-4.16%	2.00%	2.77%	-2.69%	-0.58%	-1.71%
(-) Capital Expenditure	-1,515,000,000	-1,529,800,000	-1,517,900,000	-1,486,066,667	-1,409,900,000	-1,306,800,000	-1,291,400,000	-1,181,000,000	-1,615,000,000	-1,749,000,000	-1,603,000,000	-1,501,000,000	-1,699,000,000	-1,577,000,000	-1,373,000,000	-1,420,000,000	-1,461,000,000	-1,493,000,000	-1,665,000,000	-1,484,000,000	-1,379,000,000	-1,091,000,000	-903,000,000	-1,471,000,000	-1,422,000,000	-1,168,000,000	-943,000,000	-937,000,000	-677,000,000	-763,000,000	-980,000,000	-1,115,000,000	-1,039,000,000	-1,430,000,000	-1,406,000,000	-1,109,000,000	-1,088,000,000
(-) Capital Expenditure Margin	-5.49%	-5.14%	-4.97%	-4.90%	-4.93%	-4.97%	-5.52%	-4.81%	-6.56%	-5.11%	-4.53%	-4.66%	-5.29%	-4.81%	-4.34%	-4.72%	-4.83%	-4.69%	-5.39%	-4.96%	-4.66%	-4.09%	-3.91%	-5.82%	-5.81%	-5.10%	-4.46%	-4.68%	-3.71%	-4.67%	-6.09%	-6.67%	-6.64%	-9.52%	-9.33%	-7.79%	-8.08%
Unlevered Free Cash Flow	1,255,078,848	3,252,067,866	3,973,414,747	4,110,042,991	3,888,303,554	3,440,458,907	3,020,253,704	10,063,830,986	-13,107,039,545	6,808,445,104	7,018,266,704	5,476,836,082	3,703,593,838	5,381,894,857	4,187,176,471	4,850,515,100	5,350,627,876	4,678,438,941	4,202,359,494	4,352,815,305	4,502,183,386	4,180,700,261	2,727,253,886	3,154,709,475	3,579,250,531	3,715,120,356	2,939,091,964	2,245,595,170	1,475,538,419	1,454,143,095	814,345,837	2,255,779,085	1,122,266,667	39,571,209	1,265,120,640	1,103,468,776	1,065,711,143
Unlevered Free Cash Flow Margin	2.53%	8.89%	11.94%	12.88%	13.11%	12.36%	11.35%	40.95%	-53.26%	19.89%	19.85%	17.02%	11.52%	16.43%	13.23%	16.11%	17.67%	14.70%	13.61%	14.56%	15.20%	15.68%	11.79%	12.48%	14.63%	16.21%	13.89%	11.22%	8.09%	8.90%	5.06%	13.49%	7.17%	0.26%	8.39%	7.75%	7.92%
(-) Net Interest Income After Taxes	-617,998,882	-525,809,003	-333,446,585	-246,248,587	-198,650,559	-164,515,874	-137,096,562	-608,434,134	-855,757,576	-389,804,935	-354,227,752	-420,820,619	-281,561,975	-130,244,286	-21,932,432	-127,651,212	-144,030,925	-48,372,331	29,497,257	-129,271,296	-83,079,920	-128,036,664	-84,041,451	-75,802,662	-52,948,160	-49,251,911	-17,238,194	-15,410,757	-37,593,656	-27,819,967	-59,061,299	0	0	0	0	0	0
(-) Net Interest Income After Taxes Margin	-2.36%	-1.88%	-1.16%	-0.86%	-0.70%	-0.60%	-0.50%	-2.48%	-3.48%	-1.14%	-1.00%	-1.31%	-0.88%	-0.40%	-0.07%	-0.42%	-0.48%	-0.15%	0.10%	-0.43%	-0.28%	-0.48%	-0.36%	-0.30%	-0.22%	-0.21%	-0.08%	-0.08%	-0.21%	-0.17%	-0.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	1,540,666,667	320,400,000	1,191,200,000	855,200,000	736,150,000	598,480,000	525,900,000	5,506,000,000	-46,000,000	-838,000,000	-1,145,000,000	-1,875,000,000	3,249,000,000	933,000,000	1,603,000,000	1,043,000,000	3,482,000,000	1,010,000,000	-37,000,000	722,000,000	-307,000,000	-472,000,000	-1,014,000,000	1,037,000,000	1,222,000,000	1,135,000,000	-485,000,000	-111,000,000	-440,000,000	445,000,000	109,000,000	236,000,000	-341,000,000	571,000,000	477,000,000	82,000,000	26,000,000
Net Debt Issuance Margin	6.59%	2.14%	4.37%	3.09%	2.69%	2.22%	2.04%	22.40%	-0.19%	-2.45%	-3.24%	-5.83%	10.11%	2.85%	5.06%	3.46%	11.50%	3.17%	-0.12%	2.41%	-1.04%	-1.77%	-4.39%	4.10%	5.00%	4.95%	-2.29%	-0.55%	-2.41%	2.72%	0.68%	1.41%	-2.18%	3.80%	3.17%	0.58%	0.19%
Levered Free Cash Flow	3,413,744,397	4,098,276,869	5,498,061,332	5,211,491,577	4,823,104,112	4,203,454,781	3,683,250,266	16,178,265,120	-12,297,281,969	6,360,250,039	6,227,494,455	4,022,656,701	7,234,155,812	6,445,139,143	5,812,108,903	6,021,166,312	8,976,658,801	5,736,811,272	4,135,862,237	5,204,086,601	4,278,263,306	3,836,736,924	1,797,295,337	4,267,512,138	4,854,198,692	4,899,372,267	2,471,330,157	2,150,005,928	1,073,132,075	1,926,963,062	982,407,136	2,491,779,085	781,266,667	610,571,209	1,742,120,640	1,185,468,776	1,091,711,143
Levered Free Cash Flow Margin	11.48%	12.91%	17.47%	16.83%	16.50%	15.18%	13.88%	65.83%	-49.97%	18.58%	17.61%	12.50%	22.51%	19.67%	18.36%	20.00%	29.65%	18.03%	13.40%	17.40%	14.45%	14.39%	7.77%	16.89%	19.84%	21.37%	11.68%	10.74%	5.89%	11.80%	6.11%	14.90%	4.99%	4.06%	11.56%	8.33%	8.11%