Balance Sheet Assets Claims Income statement Cash - flow statement 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 USD in millions except per share data. 2012 2013 2014 2015 2016 USD in millions except per share data. 2012 2013 2014 2015 2016 Cash and cash equivalents 89 290 190 237 351 Short-term debt Revenue 11699 12917 14194 15389 15724 Cash Flows From Operating Activities Short-term investments 1131 733 553 155 379 Capital leases 1 1 2 3 3 Cost of revenue (cost of goods sold) 7543 8288 9150 9973 10313 Net income 466 551 579 536 507 Total cash 1220 1023 743 392 730 Accounts payable 247 247 276 295 307 Gross profit 4156 4629 5044 5416 5411 Non-cash adjustments Receivables 197 188 198 218 242 Accrued liabilities 307 367 379 436 407 Total Operating expenses excl. D&A 3092 3396 3733 4116 4045 D&A others (many…) 312 370 404 504 504 Inventories 374 414 441 500 517 Other current liabilities 422 473 600 518 624 EBITDA 1064 1233 1311 1300 1366 Investment/asset impairment charges 0 0 0 48 5 Prepaid expenses 77 93 97 108 167 Total current liabilities 977 1088 1257 1252 1341 Depreciation & Amortization 320 350 377 439 509 Investments losses (gains) 0 0 0 0 0 Other current assets 235 262 277 326 319 Long-term debt Operating income (EBIT) 744 883 934 861 857 Deferred income taxes -8 -51 -78 -43 47 Total current assets 2103 1980 1756 1544 1975 Capital leases 23 26 60 62 1048 Interest income 0 0 0 0 0 Stock based compensation (discussed) 42 57 68 64 49 Land 77 77 139 151 161 Minority interest Interest expense 0 0 0 0 41 Accounts receivable -30 9 -14 -21 -24 Fixtures and equipment 1674 1706 2099 2330 2499 Other long-term liabilities 491 546 614 658 728 Other income (expense) 9 11 12 17 11 Inventory -37 -42 -41 -61 -11 Other properties 2298 2729 3071 3373 3754 Total non-current liabilities 515 572 674 720 1776 Income before income taxes (EBT) 753 894 946 878 909 Prepaid expenses -2 -17 -4 -9 -59 " Property and equipment, at cost" 4049 4512 5309 5854 6414 Total liabilities 1492 1660 1931 1972 3117 Provision for income taxes 286 343 367 342 320 Accounts payable 10 0 30 20 13 Accumulated Depreciation -1856 -2084 -2386 -2691 -2972 Stockholders' equity Net income from continuing operations 467 551 579 536 589 Accrued liabilities 25 60 12 58 -29 " Property, plant and equipment, net" 2193 2428 2923 3163 3442 Common stock Net income from discontinuing operations 0 0 0 0 0 Income taxes payable 0 0 0 0 0 Equity and other investments 221 302 120 63 Additional paid-in capital 2592 2765 2863 2904 2933 Other 0 0 0 0 0 Other working capital 99 47 77 54 76 Goodwill 663 679 708 710 710 Retained earnings 1233 1265 1668 2017 2349 Net income before preferred dividends 467 551 579 536 589 Other non-cash items 43 25 55 27 43 Intangible assets 62 65 81 79 74 Treasury stock -29 -153 -711 -1124 -2026 Preferred dividend 0 0 0 0 0 Net cash provided by operating activities 920 1009 1088 1177 1121 Other long-term assets 52 84 156 182 140 Accumulated other comprehensive income 5 1 -7 -28 -32 Net income available to common shareholders (profit) 467 551 579 536 589 Cash Flows From Investing Activities Total non-current assets 3192 3558 3988 4197 4366 Total stockholders' equity 3802 3878 3813 3769 3224 Basic Earnings per Share 1.27 1.48 1.57 1.49 1.55 " Investments in property, plant, and equipment" -195 -198 -263 -335 -321 Total assets 5294 5538 5744 5741 6341 Total liabilities and stockholders' equity 5294 5538 5744 5741 6341 Diluted Earnings per Share 1.26 1.47 1.56 1.48 1.55 " Property, plant, and equipment reductions" 0 0 0 0 0 " Acquisitions, net" 0 -22 -73 -4 -11 Purchases of investments -3010 -1252 -720 -494 -593 Sales/Maturities of investments 2138 1534 1054 928 431 Purchases of intangibles 0 0 -20 -3 -2 Other investing charges -276 -351 -462 -547 -399 Net cash used for investing activities -1343 -289 -484 -455 -895 Cash Flows From Financing Activities Short-term borrowing 0 0 0 0 0 Long-term debt issued 0 0 0 0 1299 Long-term debt repayment 0 -2 -1 0 -306 Warrant issued 0 0 0 0 0 Dividend paid 0 0 0 0 0 Excess tax benefit from stock based compensation 50 37 9 11 4 Common stock issued 370 81 42 66 19 Repurchases of treasury stock -29 -125 -578 -513 -944 Cash dividends paid -95 -508 -170 -184 -177 Other financing activities 0 0 0 -2 -8 Net cash provided by (used for) financing activities 296 -517 -698 -622 -113 Net cash provided by operating activities 920 1009 1088 1177 1121 Net cash used for investing activities -1343 -289 -484 -455 -895 Net cash provided by (used for) financing activities 296 -517 -698 -622 -113 Effect of exchange rate changes 1 -2 -6 -5 6 Net change in cash -126 201 -100 95 119 Cash at beginning of period 212 89 290 190 237 Cash at end of period 89 290 190 237 351 Free Cash Flow Operating cash flow 920 1009 1088 1177 1121 Capital expenditure -195 -198 -283 -338 -323 Free cash flow 725 811 805 839 798