Net Income | 6,758 | 7,177 | 6,856 | 6,525 | 5,888 | 3,619 | |
Depreciation & Amortization | 413 | 392 | 515 | 444 | 394 | 376 | |
Stock-Based Compensation | 627 | 577 | 490 | 413 | 346 | 307 | |
Other Operating Activities | 525 | -586 | 64 | -191 | 158 | 140 | |
Change in Accounts Receivable | -1,409 | -69 | 903 | -1,109 | -1,989 | -427 | |
Change in Inventory | 35 | 304 | 207 | -1,590 | -405 | -421 | |
Change in Accounts Payable | 444 | 281 | -138 | 390 | 465 | 327 | |
Change in Unearned Revenue | -120 | -126 | -167 | 1,039 | 755 | -16 | |
Change in Income Taxes | 33 | 389 | -20 | -541 | 396 | -10 | |
Change in Other Net Operating Assets | 150 | 338 | -10 | 19 | -566 | -91 | |
Operating Cash Flow | 7,456 | 8,677 | 8,700 | 5,399 | 5,442 | 3,804 | |
Operating Cash Flow Growth | -5.08% | -0.26% | 61.14% | -0.79% | 43.06% | 17.15% | |
Capital Expenditures | -1,595 | -1,190 | -1,106 | -787 | -668 | -422 | |
Sale of Property, Plant & Equipment | 33 | - | - | - | - | - | |
Cash Acquisitions | -29 | - | -25 | -441 | -12 | -107 | |
Investment in Securities | -816 | -1,137 | -404 | -129 | -536 | 399 | |
Investing Cash Flow | -2,407 | -2,327 | -1,535 | -1,357 | -1,216 | -130 | |
Short-Term Debt Issued | - | 401 | 991 | - | - | - | |
Long-Term Debt Issued | - | 694 | - | - | - | 2,979 | |
Total Debt Issued | 1,195 | 1,095 | 991 | - | - | 2,979 | |
Short-Term Debt Repaid | - | -400 | -900 | - | - | - | |
Long-Term Debt Repaid | - | -102 | -7 | - | - | -2,882 | |
Total Debt Repaid | -589 | -502 | -907 | - | - | -2,882 | |
Net Debt Issued (Repaid) | 606 | 593 | 84 | - | - | 97 | |
Issuance of Common Stock | 253 | 243 | 227 | 199 | 175 | 174 | |
Repurchase of Common Stock | -5,526 | -4,114 | -2,368 | -6,369 | -3,928 | -821 | |
Common Dividends Paid | -1,311 | -1,192 | -975 | -873 | -838 | -787 | |
Other Financing Activities | -2 | - | - | - | - | - | |
Financing Cash Flow | -5,980 | -4,470 | -3,032 | -7,043 | -4,591 | -1,337 | |
Net Cash Flow | -931 | 1,880 | 4,133 | -3,001 | -365 | 2,337 | |
Free Cash Flow | 5,861 | 7,487 | 7,594 | 4,612 | 4,774 | 3,382 | |
Free Cash Flow Growth | -13.87% | -1.41% | 64.66% | -3.39% | 41.16% | 20.53% | |
Free Cash Flow Margin | 20.87% | 27.55% | 28.64% | 17.89% | 20.70% | 19.66% | |
Free Cash Flow Per Share | 7.12 | 8.98 | 8.99 | 5.26 | 5.20 | 3.66 | |
Cash Interest Paid | 223 | 205 | 205 | 205 | 205 | 219 | |
Cash Income Tax Paid | 1,099 | 942 | 953 | 1,713 | 824 | 474 | |
Levered Free Cash Flow | 3,741 | 5,567 | 5,392 | 3,120 | 3,284 | 2,409 | |
Unlevered Free Cash Flow | 3,907 | 5,721 | 5,541 | 3,262 | 3,431 | 2,559 | |
Change in Net Working Capital | 746 | -1,025 | -858 | 1,673 | 1,141 | 495 | |