Which of the trends are favorable or unfavorable with respect to the prior year? In doing this part you may wish to use your comparison of some of the current year ratios with previous year. If the information has been disclosed, explain conditions contributing to the trends identified or provide possible explanations that you believe are reasonable

portfolio today Add to Portfolio Print This Page Get E-mail Alerts PDF Report: Data Question Quote Chart Stock Analysis Performance Key Ratios Financials Valuation Insiders Ownership Filings Bonds Financials Export D Ascending 2011-01 2008-01 2009-01 2010-01 2012-01 2013-01. 014-01 2015-01 2016-01 2017-01 TTM 73,785 69,495 69,495 Rev 63,367 64,948 65,357 67,390 69,865 73,301 71,279 72,618 USD M Gross Margin 32.6 29.5 30.3 30.9 31.5 31.0 29.8 29.4. 29.5 29.7 29.7 Operating Income USD Mil 5,252 5,322 5,740 4,779 4 535 5,272 4,402 4,673 4,910 4,969 4,969 Operating Margin 8.3 6.8 7.8 7.6 7.8 6.7 6.2 7.2 7.2 Net Income USD Mil 2,488 2,849 2,214 2,920 2,929 2,999 1,971 1,636 3,363 2,737 2,737 4.28 4.52 3.07 2.56 5.31 4.70 70 Earnings Per Share USD 3.33 2.86 3.30 00 Dividends USD 0.52 0.60 0.66 0.8 1.10 1.32 1.58 1.90 2.16 2.32 2.32 Payout Ratio 15.6 17.6 22.7 21.0 25.7 28.0 40.6 76.0 47.3 42.1 50.7 Shares Mil 850 774 754 729 683 663 641 640 632 583 583 Book Value Per Share USD 18.70 18.04 20 11 22.00 23.64 25.13 25.56 25.57 22.01 19.90 19.86 Operating Cash Flow USD Mil 4,125 4,430 5,881 5,271 5,434 5,325 6,520 4,4 5,844 5,436 5,436 39 Cap Spending USD Mil 369 3,547 729 2,129 4,368 3,277 3,453 1,786 1,438 1,54 1,547 Free Cash Flow USD Mil 2,653 4,406 3,889 3,889 244 883 4,152 3,142 1,066 2,048 3,067 Free Cash Flow Per Share USD 0.29 0.68 4.66 4.31 1.56 4.27 4.57 2.56 7.18 5.70 Working Capital USD Mil 6,976 7,124 7,097 7,143 2,162 2,357 1,204 2,35 1,508 718 Indicates calendar year-end data information