Westinghouse Air Brake Technologies Corporation
(NYSE:WAB)

Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new ...

Website: http://www.wabtec.com

Founded: 1869

Full Time Employees: 27,500

Sector: Industrials

Industry: Railroads

Industrials

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-07-01	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30

net sales:
sales of goods	2,531,000,000	-6,807,990,739	2,425,000,000	2,226,000,000	2,157,000,000	-6,322,991,566	2,171,000,000	2,145,000,000	2,007,000,000	-5,630,992,353	2,048,000,000	1,899,000,000	1,684,000,000	-4,713,993,541	1,625,000,000	1,584,000,000	1,505,000,000	-4,562,193,795	1,489,100,000	1,588,000,000	1,485,100,000	-4,540,493,766.7	1,543,600,000	1,406,100,000	1,590,800,000	-4,932,393,092.1	1,605,400,000	1,892,508,000	1,434,509,000
sales of services	419,000,000	-1,393,998,094	461,000,000	480,000,000	453,000,000	-1,480,998,047	492,000,000	499,000,000	490,000,000	-1,519,997,970	502,000,000	508,000,000	510,000,000	-1,341,998,097	456,000,000	464,000,000	422,000,000	-1,187,198,383	417,800,000	424,300,000	345,100,000	-991,898,677.2	321,500,000	331,300,000	339,100,000	-899,198,707.9	396,300,000	343,776,000	159,108,000
total net sales	2,950,000,000	-8,201,988,833	2,886,000,000	2,706,000,000	2,610,000,000	-7,803,989,613	2,663,000,000	2,644,000,000	2,497,000,000	-7,150,990,323	2,550,000,000	2,407,000,000	2,194,000,000	-6,055,991,638	2,081,000,000	2,048,000,000	1,927,000,000	-5,749,392,178	1,906,900,000	2,012,300,000	1,830,200,000	-5,532,392,443.9	1,865,100,000	1,737,400,000	1,929,900,000	-5,831,591,800	2,001,700,000	2,236,284,000	1,593,617,000
cost of sales:
cost of goods	-1,616,000,000	4,547,993,756	-1,617,000,000	-1,481,000,000	-1,450,000,000	4,412,994,082	-1,512,000,000	-1,490,000,000	-1,411,000,000	4,131,994,419	-1,475,000,000	-1,400,000,000	-1,257,000,000	3,430,995,209	-1,200,000,000	-1,147,000,000	-1,084,000,000	3,368,195,455	-1,075,500,000	-1,185,000,000	-1,107,700,000	3,327,095,370.6	-1,109,900,000	-1,061,300,000	-1,155,900,000	3,635,394,871.6	-1,184,100,000	-1,377,758,000	-1,073,571,000
cost of services	-273,000,000	813,998,883	-267,000,000	-287,000,000	-260,000,000	821,998,897	-271,000,000	-280,000,000	-271,000,000	838,998,848	-283,000,000	-284,000,000	-272,000,000	736,998,969	-233,000,000	-256,000,000	-248,000,000	664,599,092	-229,100,000	-247,200,000	-188,300,000	573,699,210.4	-189,000,000	-189,400,000	-195,300,000	593,099,206.4	-218,200,000	-243,850,000	-131,029,000
total cost of sales	-1,889,000,000	5,361,992,639	-1,884,000,000	-1,768,000,000	-1,710,000,000	5,234,992,979	-1,783,000,000	-1,770,000,000	-1,682,000,000	4,970,993,267	-1,758,000,000	-1,684,000,000	-1,529,000,000	4,167,994,178	-1,433,000,000	-1,403,000,000	-1,332,000,000	4,032,794,547	-1,304,600,000	-1,432,200,000	-1,296,000,000	3,900,794,581	-1,298,900,000	-1,250,700,000	-1,351,200,000	4,228,494,078	-1,402,300,000	-1,621,608,000	-1,204,600,000
gross profit	1,061,000,000	-2,839,996,194	1,002,000,000	938,000,000	900,000,000	-2,568,996,634	880,000,000	874,000,000	815,000,000	-2,179,997,056	792,000,000	723,000,000	665,000,000	-1,887,997,460	648,000,000	645,000,000	595,000,000	-1,716,597,631	602,300,000	580,100,000	534,200,000	-1,631,597,862.9	566,200,000	486,700,000	578,700,000	-1,603,097,722	599,400,000	614,676,000	389,017,000	-935,626,115	302,012,000	323,967,000	310,881,000	-795,807,687	253,203,000	273,963,000	273,963,000	269,707,000	-704,125,761	212,481,000	237,389,000	255,180,000	-779,140,184	257,069,000	267,764,000	255,355,000		224,658,000	209,569,000	200,125,000	188,133,000	192,881,000	182,888,000	180,480,000	171,279,000	173,427,000	169,381,000	147,334,000	147,151,000	142,744,000	133,195,000	117,988,000	109,237,000	113,464,000	108,389,000	100,382,000	94,826,000	91,633,000	106,485,000	105,796,000	107,674,000	108,501,000	105,215,000	96,486,000	95,717,000	90,850,000	86,566,000	78,748,000	66,198,000	76,741,000	75,090,000	69,437,000	66,966,000	67,371,000	57,530,000	55,089,000	49,904,000	52,653,000	47,518,000
yoy	17.89%	10.55%	13.86%	7.32%	10.43%	17.84%	11.11%	20.89%	22.56%	15.47%	22.22%	12.09%	11.76%	9.98%	7.59%	11.19%	11.38%	5.21%	6.38%	19.19%	-7.69%	1.78%	-5.54%	-20.82%	48.76%	71.34%	98.47%	89.73%	25.13%	17.57%	19.28%	18.25%	13.48%	-395.06%	-135.96%	28.94%	15.41%	5.69%	-9.63%	-17.34%	-11.34%	-0.07%		14.43%	27.77%	27.60%		16.47%	14.59%	10.88%	9.84%	11.22%	7.97%	22.50%	16.40%	21.50%	27.17%	24.87%	34.71%	25.81%	22.89%	17.54%	15.20%	23.82%	1.79%	-5.12%	-11.93%	-15.55%	1.21%	9.65%	12.49%	19.43%	21.54%	22.53%	44.59%	18.39%	15.28%	13.41%	-1.15%	13.91%	30.52%	26.05%	34.19%	27.95%	21.07%
qoq	-137.36%	-383.43%	6.82%	4.22%	-135.03%	-391.93%	0.69%	7.24%	-137.39%	-375.25%	9.54%	8.72%	-135.22%	-391.36%	0.47%	8.40%	-134.66%	-385.01%	3.83%	8.59%	-132.74%	-388.17%	16.33%	-15.90%	-136.10%	-367.45%	-2.49%	58.01%	-141.58%	-409.80%	-6.78%	4.21%	-139.06%	-414.30%	-7.58%	0.00%	1.58%	-138.30%	-431.38%	-10.49%	-6.97%	-132.75%	-403.09%	-3.99%	4.86%			7.20%	4.72%	6.37%	-2.46%	5.46%	1.33%	5.37%	-1.24%	2.39%	14.96%	0.12%	3.09%	7.17%	12.89%	8.01%	-3.73%	4.68%	7.98%	5.86%	3.48%	-13.95%	0.65%	-1.74%	-0.76%	3.12%	9.05%	0.80%	5.36%	4.95%	9.93%	18.96%	-13.74%	2.20%	8.14%	3.69%	-0.60%	17.11%	4.43%	10.39%	-5.22%	10.81%
gross margin %	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	28.87%	28.02%	29.14%	29.43%	28.40%	26.43%	29.39%	29.39%	29.44%	32.47%	31.45%	32.81%	33.05%	31.52%	31.76%	31.61%	31.19%	NaN%	30.73%	30.14%	29.37%	29.80%	30.23%	29.71%	29.57%	29.15%	28.44%	29.04%	27.56%	29.50%	29.81%	29.26%	30.00%	29.08%	30.33%	29.78%	27.95%	28.70%	27.43%	28.17%	26.11%	27.19%	27.81%	27.45%	26.42%	26.98%	27.89%	27.55%	26.75%	24.62%	29.30%	28.62%	25.78%	26.17%	24.93%	23.49%	24.55%	24.60%	25.50%	25.24%	0%	0%
operating expenses:
selling, general and administrative expenses	-401,000,000	1,028,998,510	-375,000,000	-347,000,000	-307,000,000	914,998,752	-318,000,000	-316,000,000	-281,000,000	842,998,861	-295,000,000	-285,000,000	-263,000,000	756,998,971	-260,000,000	-259,000,000	-238,000,000	766,498,970	-269,000,000	-262,100,000	-235,400,000	712,899,051.9	-252,700,000	-216,800,000	-243,400,000	842,898,833.4	-292,200,000	-290,959,000	-259,723,000	464,563,756	-146,839,000	-171,157,000	-147,201,000	367,241,102	-117,838,000	-127,574,000	-127,574,000	-122,341,000	240,746,195	-70,757,000	-80,610,000	-89,751,000	255,621,627	-82,206,000	-88,992,000	-84,771,000		-72,982,000	-70,081,000																								-40,445,000				-34,945,000			-32,313,000	-33,628,000	-30,954,000	-30,897,000	-31,476,000	-29,672,000	-29,477,000	-31,114,000	-25,590,000	-26,440,000	-28,419,000	-23,948,000
engineering expenses	-56,000,000	154,999,777	-59,000,000	-50,000,000	-46,000,000	154,999,794	-50,000,000	-57,000,000	-48,000,000	156,999,782	-53,000,000	-53,000,000	-51,000,000	148,999,791	-54,000,000	-50,000,000	-45,000,000	123,499,824	-43,800,000	-42,000,000	-37,700,000	123,699,837.9	-36,500,000	-38,200,000	-49,000,000	150,299,790.1	-58,600,000	-57,120,000	-34,545,000	61,481,550	-20,132,000	-19,388,000	-22,049,000	71,415,834	-24,709,000	-23,338,000	-23,338,000	-23,464,000	52,199,625	-16,289,000	-18,029,000	-17,953,000	51,780,787	-17,239,000	-17,750,000	-16,863,000		-14,221,000	-12,946,000																								-9,981,000				-8,816,000			-8,023,000	-8,115,000	-7,914,000	-7,995,000	-8,183,000	-8,670,000	-8,345,000	-8,381,000	-8,257,000	-8,812,000	-8,669,000	-7,746,000
amortization expense	-87,000,000	218,999,700	-77,000,000	-69,000,000	-73,000,000	223,999,697	-79,000,000	-71,000,000	-74,000,000	221,999,679	-74,000,000	-73,000,000	-75,000,000	217,999,709	-73,000,000	-72,000,000	-73,000,000	214,699,713	-72,500,000	-72,700,000	-69,500,000	211,599,717.6	-70,300,000	-72,300,000	-69,000,000	172,899,761.6	-79,500,000	-65,960,000	-27,442,000	30,073,246	-9,862,000	-9,899,000	-10,352,000	27,002,484	-8,645,000	-9,350,000	-9,350,000	-9,044,000	16,077,302	-5,339,000	-5,466,000	-5,295,000	15,987,337	-5,546,000	-5,162,000	-5,301,000		-5,132,000	-4,696,000	-3,174,750	-3,939,000	-5,173,000	-3,587,000	-4,984,000	-3,941,000	-3,254,000	-3,093,000	-4,447,000	-4,128,000	-3,307,000	-3,114,000	-3,504,000	-2,638,000	-2,144,000	-1,887,000	-5,148,000	-1,515,000	-1,795,000	-1,391,000	-1,611,000	-1,666,000	-912,000	-903,000	-1,022,000	-1,157,000	-1,140,000	-688,000	-1,134,000	-1,362,000	-859,000	-867,000	-969,000	-918,000	-1,073,000	-971,000	-1,044,000	-771,000	-745,000	-783,000	-1,180,000	-1,084,000
total operating expenses	-544,000,000	1,402,997,987	-511,000,000	-466,000,000	-426,000,000	1,293,998,243	-447,000,000	-444,000,000	-403,000,000	1,221,998,322	-422,000,000	-411,000,000	-389,000,000	1,123,998,471	-387,000,000	-381,000,000	-356,000,000	1,104,698,507	-385,300,000	-376,800,000	-342,600,000	1,048,198,607.4	-359,500,000	-327,300,000	-361,400,000	1,166,098,385.1	-430,300,000	-414,039,000	-321,710,000	556,118,552	-176,833,000	-200,444,000	-179,602,000	465,659,420	-151,192,000	-160,262,000	-160,262,000	-154,849,000	309,023,122	-92,385,000	-104,105,000	-112,999,000	323,389,751	-104,991,000	-111,904,000	-106,935,000		-92,335,000	-87,723,000	-59,452,500	-78,262,000	-80,327,000	-79,221,000	-80,018,000	-74,437,000	-72,562,000	-75,271,000	-74,825,000	-71,698,000	-86,382,000	-66,818,000	-66,639,000	-58,604,000	-63,812,000	-57,213,000	-58,584,000	-49,067,000	-54,906,000	-50,737,000	-55,542,000	-55,220,000	-52,579,000	-51,329,000	-50,275,000	-50,073,000	-45,081,000	-44,449,000	-42,332,000	-40,723,000	-41,195,000	-42,610,000	-39,837,000	-39,810,000	-40,732,000	-39,313,000	-38,866,000	-40,266,000	-34,592,000	-36,035,000
income from operations	517,000,000	-1,436,998,207	491,000,000	472,000,000	474,000,000	-1,274,998,391	433,000,000	430,000,000	412,000,000	-957,998,734	370,000,000	312,000,000	276,000,000	-763,998,989	261,000,000	264,000,000	239,000,000	-611,899,124	217,000,000	203,300,000	191,600,000	-583,399,255.5	206,700,000	159,400,000	217,300,000	-436,999,336.9	169,100,000	200,637,000	67,307,000	-379,507,563	125,179,000	123,523,000	131,279,000	-330,148,267	102,011,000	113,701,000	113,701,000	114,858,000	-395,102,639	120,096,000	133,284,000	142,181,000	-455,750,433	152,078,000	155,860,000	148,420,000		132,323,000	121,846,000	111,218,000	109,871,000	112,554,000	103,667,000	100,462,000	96,842,000	100,865,000	94,110,000	72,509,000	75,453,000	56,362,000	66,377,000	51,349,000	50,633,000	49,652,000	51,176,000	41,798,000	45,759,000	36,727,000	55,748,000	50,254,000	52,454,000	55,922,000	53,886,000	46,211,000	45,644,000	45,769,000	42,117,000	36,416,000	25,475,000	35,546,000	32,480,000	29,600,000	27,156,000	26,639,000	18,217,000	16,223,000	9,638,000	18,061,000	11,483,000
yoy	9.07%	12.71%	13.39%	9.77%	15.05%	33.09%	17.03%	37.82%	49.28%	25.39%	41.76%	18.18%	15.48%	24.86%	20.28%	29.86%	24.74%	4.89%	4.98%	27.54%	-11.83%	33.50%	22.24%	-20.55%	222.85%	15.15%	35.09%	62.43%	-48.73%	14.95%	22.71%	8.64%	15.46%	-387.44%	-125.82%	-5.32%	-14.69%	-19.22%	-13.31%	-21.03%	-14.48%	-4.20%		14.93%	27.92%	33.45%		17.56%	17.54%	10.71%	13.45%	11.59%	10.16%	38.55%	28.35%	78.96%	41.78%	41.21%	49.02%	13.51%	29.70%	22.85%	10.65%	35.19%	-8.20%	-16.83%	-12.76%	-34.32%	3.46%	8.75%	14.92%	22.18%	27.94%	26.90%	79.17%	28.76%	29.67%	23.03%	-6.19%	33.44%	78.29%	82.46%	181.76%	47.49%	58.64%
qoq	-135.98%	-392.67%	4.03%	-0.42%	-137.18%	-394.46%	0.70%	4.37%	-143.01%	-358.92%	18.59%	13.04%	-136.13%	-392.72%	-1.14%	10.46%	-139.06%	-381.98%	6.74%	6.11%	-132.84%	-382.24%	29.67%	-26.65%	-149.73%	-358.43%	-15.72%	198.09%	-117.74%	-403.17%	1.34%	-5.91%	-139.76%	-423.64%	-10.28%	0.00%	-1.01%	-129.07%	-428.99%	-9.89%	-6.26%	-131.20%	-399.68%	-2.43%	5.01%			8.60%	9.56%	1.23%	-2.38%	8.57%	3.19%	3.74%	-3.99%	7.18%	29.79%	-3.90%	33.87%	-15.09%	29.27%	1.41%	1.98%	-2.98%	22.44%	-8.66%	24.59%	-34.12%	10.93%	-4.19%	-6.20%	3.78%	16.61%	1.24%	-0.27%	8.67%	15.66%	42.95%	-28.33%	9.44%	9.73%	9.00%	1.94%	46.23%	12.29%	68.32%	-46.64%	57.28%
operating margin %	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	11.71%	11.61%	11.11%	12.43%	11.78%	10.65%	12.20%	12.20%	12.54%	18.22%	17.78%	18.42%	18.42%	18.44%	18.79%	18.40%	18.13%	NaN%	18.10%	17.53%	16.32%	17.40%	17.64%	16.84%	16.46%	16.48%	16.54%	16.13%	13.56%	15.13%	11.77%	14.58%	13.06%	13.48%	13.27%	14.06%	11.64%	13.85%	11.00%	14.75%	12.40%	13.25%	14.33%	14.06%	12.65%	12.86%	14.05%	13.40%	12.37%	9.47%	13.57%	12.38%	10.99%	10.61%	9.86%	7.44%	7.23%	4.75%	8.75%	6.10%	0%	0%
other income and expenses:
interest expense	-71,000,000	156,999,775	-65,000,000	-46,000,000	-46,000,000	147,999,799	-52,000,000	-49,000,000	-47,000,000	162,999,782	-60,000,000	-55,000,000	-48,000,000	134,999,814	-48,000,000	-44,000,000	-43,000,000	134,699,823	-42,200,000	-44,900,000	-47,600,000	150,299,801.1	-45,600,000	-51,400,000	-53,300,000	160,799,780.9	-57,700,000	-58,560,000	-44,569,000	75,804,765	-23,713,000	-31,920,000	-20,284,000	50,956,296	-17,893,000	-15,420,000	-15,420,000	-17,712,000	15,854,439	-6,057,000	-4,969,000	-4,871,000	12,681,112	-4,351,000	-4,041,000	-4,306,000		-4,525,000	-4,450,000	-4,627,000	-3,829,000	-3,271,000	-3,614,000	-3,948,000	-3,070,000	-3,509,000	-3,724,000	-3,766,000	-3,764,000	-3,793,000	-3,684,000	-3,923,000	-3,996,000	-4,092,000		-4,526,000	-3,687,000	-3,525,000				-1,293,000	-1,481,000			-538,000	-636,000			-420,000	-1,124,000	-1,803,000	-2,235,000	-2,164,000	-2,484,000	-2,066,000	-3,136,000	-3,323,000	-3,003,000	-3,147,000	-2,433,000
other income	23,000,000	-20,999,976	-1,000,000	24,000,000		1,000,002	-3,000,000	4,000,000	-2,000,000	-16,999,956	10,000,000	2,000,000	5,000,000	-14,999,971	4,000,000	7,000,000	4,000,000	-24,999,962	500,000	10,300,000	14,200,000	-5,799,988.4	14,300,000	6,300,000		4,100,002.8	1,900,000	2,177,000	-8,228,000	-5,951,620	1,201,000	2,171,000	2,586,000	2,165,034	-2,933,000	-1,552,000	-1,552,000	2,319,000	-115,963	1,188,000		154,000	-1,922,500	-2,937,000	-1,887,000	-2,866,000		243,000	-17,000				-581,000	614,000	-1,393,000	223,000	-114,000	1,099,000	-1,529,000	-410,000	460,000	366,000	-791,000	1,086,000	-721,000			-134,000									-809,000				120,000	-747,250	-1,204,000			-218,750	658,000			-820,750	526,000
income before income taxes	469,000,000	-1,300,998,408	425,000,000	450,000,000	426,000,000	-1,125,998,590	378,000,000	385,000,000	363,000,000	-811,998,908	320,000,000	259,000,000	233,000,000	-643,999,146	217,000,000	227,000,000	200,000,000	-502,199,263	175,300,000	168,700,000	158,200,000																																																															23,821,000	14,602,000
income tax expense	-106,000,000	321,999,591	-112,000,000	-111,000,000	-99,000,000	271,999,657	-92,000,000	-94,000,000	-86,000,000	203,999,733	-78,000,000	-66,000,000	-60,000,000	161,999,787	-54,000,000	-58,000,000	-50,000,000	130,499,828	-43,500,000	-43,500,000	-43,500,000	113,399,855.1	-46,900,000	-28,500,000	-38,000,000	82,599,879.7	-22,700,000	-41,400,000	-18,523,000	53,149,121	-16,598,000	-10,503,000	-26,124,000	64,686,227	-12,746,000	-24,569,000	-24,569,000	-27,461,000	112,601,567	-32,799,000	-36,601,000	-43,301,000	138,934,260	-45,609,000	-48,428,000	-45,084,000		-39,336,000	-37,245,000	-23,837,750	-30,441,000	-35,051,000	-29,859,000	-32,363,000	-29,385,000	-32,867,000	-31,011,000	-23,579,000	-23,560,000	-15,825,000	-22,201,000	-16,812,000	-15,302,000	-15,435,000	-16,179,000	-12,419,000	-15,118,000	-2,232,000	-18,535,000	-16,825,000	-17,241,000	-20,171,000	-19,509,000	-15,812,000	-16,668,000	-15,469,000	-15,118,000	-9,143,000	-7,791,000	-11,721,000	-11,408,000			-8,670,000	-5,354,000			-5,152,000	-2,763,000	-3,199,000	-3,190,000
net income	363,000,000	-978,998,817	313,000,000	339,000,000	327,000,000	-853,998,933	286,000,000	291,000,000	277,000,000	-607,999,175	242,000,000	193,000,000	173,000,000	-481,999,359	163,000,000	169,000,000	150,000,000	-371,699,435	131,800,000	125,200,000	114,700,000	-325,499,587.7	128,500,000	85,800,000	111,200,000	-189,499,673.5	90,600,000	102,854,000	-4,013,000	-256,505,297	86,069,000	83,271,000	87,457,000	-212,340,710	68,439,000	72,160,000	72,160,000	72,004,000																															32,666,000	31,109,000	33,170,000	33,762,000	32,510,000	28,676,000	27,242,000	28,130,000	25,522,000	26,242,000	17,371,000	21,145,000	20,046,000	16,301,000	15,076,000	15,151,000	9,248,000	9,247,000	9,428,000	8,963,000	4,807,000	5,891,000	5,603,000
yoy	11.01%	14.64%	9.44%	16.49%	18.05%	40.46%	18.18%	50.78%	60.12%	26.14%	48.47%	14.20%	15.33%	29.67%	23.67%	34.98%	30.78%	14.19%	2.57%	45.92%	3.15%	71.77%	41.83%	-16.58%	-2870.99%	-26.12%	5.26%	23.52%	-104.59%	20.80%	25.76%	15.40%	21.20%	-394.90%																																			0.48%	8.48%	21.76%	20.02%	27.38%	9.28%	56.82%	33.03%	27.32%	60.98%	15.22%	39.56%	116.76%	76.28%	59.91%	69.04%	92.39%	56.97%	68.27%
qoq	-137.08%	-412.78%	-7.67%	3.67%	-138.29%	-398.60%	-1.72%	5.05%	-145.56%	-351.24%	25.39%	11.56%	-135.89%	-395.71%	-3.55%	12.67%	-140.36%	-382.02%	5.27%	9.15%	-135.24%	-353.31%	49.77%	-22.84%	-158.68%	-309.16%	-11.91%	-2663.02%	-98.44%	-398.02%	3.36%	-4.79%	-141.19%	-410.26%	-5.16%	0.00%	0.22%																																5.00%	-6.21%	-1.75%	3.85%	13.37%	5.26%	-3.16%	10.22%	-2.74%	51.07%	-17.85%	5.48%	22.97%	8.13%	-0.50%	63.83%	0.01%	-1.92%	5.19%	86.46%	-18.40%	5.14%
net income margin %	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	7.91%	7.99%	7.49%	8.28%	7.58%	7.14%	7.74%	7.74%	7.86%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	8.64%	7.68%	8.38%	8.65%	8.48%	7.85%	7.68%	8.64%	8.12%	8.91%	6.46%	8.07%	7.64%	6.05%	5.89%	5.61%	3.78%	4.12%	4.65%	4.34%	2.55%	2.85%	3.35%
less: net income attributable to noncontrolling interest	-1,000,000	10,999,987	-3,000,000	-3,000,000	-5,000,000	9,999,989	-3,000,000	-2,000,000	-5,000,000	7,999,990	-2,000,000	-2,000,000	-4,000,000	-1,750,000	-3,000,000	-3,000,000	-1,000,000
net income attributable to wabtec shareholders	362,000,000	-967,998,830	310,000,000	336,000,000	322,000,000	-843,998,944	283,000,000	289,000,000	272,000,000	-599,999,185	240,000,000	191,000,000	169,000,000	-474,999,367	160,000,000	166,000,000	149,000,000	-367,799,442	130,600,000	124,800,000	112,400,000	-326,499,585.6	128,100,000	86,800,000	111,600,000	-190,999,673.3	91,100,000	104,235,000	-4,472,000	-260,226,056	87,739,000	84,416,000	88,366,000	-213,050,739	67,399,000	72,025,000	72,025,000	73,889,000	-266,771,113	82,428,000	90,485,000	94,163,000	-296,450,372	99,181,000	101,504,000	96,164,000		88,705,000	80,134,000	74,041,000	73,943,000	74,638,000	69,613,000	64,765,000	62,994,000	64,712,000	59,261,000	46,263,000	46,600,000	36,334,000	40,952,000	30,980,000	30,544,000	31,211,000	30,364,000	24,205,000	27,348,000	30,836,000
earnings per common share
basic
diluted
weighted-average shares outstanding
basic	170,000,000	170.5	170,500,000	170,600,000	170,500,000	174.1	173,400,000	175,400,000	176,500,000	178.8	178,600,000	178,900,000	179,900,000	182.2	181,300,000	181,900,000	184,500,000	187.7	187,600,000	188,600,000	188,500,000	189.9	189,800,000	189,800,000	190,800,000	170.5	189,600,000	177,348,000	121,226,000	95,994	96,208,000	95,992,000	95,810,000	95,453	95,709,000	95,641,000	95,641,000	95,243,000	90,359	89,589,000	89,846,000	91,258,000	96,074	96,369,000	96,338,000	96,243,000	95,781	96,048,000	95,529,000		95,848,000	95,762,000	47,512,000	47,734,000	47,643,000	47,835,000	47,707,000	47,820,000	47,874,000	47,950,000	47,738,000	47,597,000	47,677,000	47,725,000	47,461,000	47,499,000	47,289,000	47,487,000	47,645,000	48,232,000	48,161,000	48,095,000	48,379,000	48,530,000	48,736,000	48,666,000	48,302,000	48,322,000	48,689,000	48,451,000	48,091,000	46,845,000	47,574,000	46,862,000	46,259,000	44,993,000	45,503,000	44,797,000	44,661,000	43,538,000
diluted	170,700,000	171.1	171,100,000	171,200,000	171,300,000	174.8	174,100,000	176,000,000	177,200,000	179.5	179,200,000	179,400,000	180,600,000	182.8	181,900,000	182,400,000	185,000,000	188.1	188,000,000	188,900,000	188,900,000	190.4	190,200,000	190,200,000	191,400,000	177.3	191,500,000	191,453,000	121,226,000	96,464	96,637,000	96,575,000	96,371,000	96,125	96,316,000	96,284,000	96,284,000	95,991,000	91,141	90,293,000	90,559,000	92,149,000	97,006	97,368,000	97,435,000	97,385,000	96,885	97,058,000	96,805,000		97,174,000	97,102,000	48,286,000	48,371,000	48,271,000	48,422,000	48,341,000	48,329,000	48,366,000	48,463,000	48,251,000	48,005,000	48,064,000	48,089,000	47,895,000	47,977,000	47,752,000	48,013,000	48,131,000	48,847,000	48,827,000	48,655,000	49,037,000	49,141,000	49,381,000	49,294,000	48,895,000	49,108,000	49,293,000	49,092,000	48,741,000	47,595,000	48,311,000	47,544,000	46,985,000	45,787,000	46,276,000	45,526,000	45,336,000	43,974,000
other expense					-2,000,000																				-14,800,000																-1,229,000																												389,000	-294,750	-100,000	-696,000	-383,000	-277,000	-927,000	-1,637,000		-132,000	-139,000	-1,623,000				-654,000	-1,131,000			-623,000	-910,000
less: net loss attributable to noncontrolling interest																		3,899,993	-1,200,000	-400,000	-2,300,000	-999,997.9	-400,000	1,000,000	400,000	-1,499,999.8	500,000	1,381,000	-459,000	-3,720,759	1,670,000	1,145,000	909,000	177,500	-1,040,000	-135,000		1,885,000
income from operations before income taxes																						109,725,000	175,400,000	114,300,000	149,200,000	-272,099,553.2	113,300,000	144,254,000	14,510,000	-309,654,418	102,667,000	93,774,000	113,581,000	-277,026,937	81,185,000	96,729,000	96,729,000	99,465,000	-379,364,163	115,227,000	127,086,000	137,464,000	-435,384,632	144,790,000	149,932,000	141,248,000		128,041,000	117,379,000	78,386,250	104,384,000	109,689,000	99,472,000	97,128,000	92,379,000	97,579,000	90,272,000	69,842,000	70,160,000	52,159,000	63,153,000	34,758,750	45,846,000	46,646,000	46,543,000
net sales																														-3,241,307,453	1,077,814,000	1,111,680,000	1,056,177,000	-2,802,336,244	957,931,000	932,253,000	932,253,000	916,034,000	-2,168,274,812	675,574,000	723,601,000	772,031,000	-2,471,841,002	809,527,000	847,028,000	818,594,000		731,068,000	695,249,000	681,482,000	631,398,000	638,002,000	615,510,000	610,400,000	587,593,000	609,820,000	583,309,000	534,639,000	498,840,000	478,899,000	455,259,000	393,241,000	375,707,000	374,137,000	363,927,000	359,188,000	330,455,000	334,013,000	377,960,000	405,211,000	396,017,000	390,194,000	383,327,000	365,268,000	354,834,000	325,722,000	314,264,000	294,420,000	268,889,000	261,902,000	262,409,000	269,369,000	255,865,000	270,241,000	244,884,000	224,388,000	202,894,000	206,508,000	188,228,000	206,356,000	167,189,000
yoy																														15.66%	12.51%	19.25%	13.29%	-405.92%	-144.18%	37.99%	28.84%	18.65%	-12.28%	-16.55%	-14.57%	-5.69%		10.73%	21.83%	20.12%		14.59%	12.95%	11.65%	7.45%	4.62%	5.52%	14.17%	17.79%	27.34%	28.13%	35.96%	32.77%	28.00%	25.10%	9.48%	13.69%	12.01%	-3.71%	-11.36%	-16.56%	-14.40%	-1.40%	10.94%	11.61%	19.79%	21.98%	24.06%	31.96%	24.37%	19.76%	9.30%	5.09%	-3.09%	7.16%	20.05%	26.11%	30.86%	30.10%	8.74%	21.36%
qoq																														-400.73%	-3.05%	5.26%	-137.69%	-392.54%	2.75%	0.00%	1.77%	-142.25%	-420.95%	-6.64%	-6.27%	-131.23%	-405.34%	-4.43%	3.47%			5.15%	2.02%	7.93%	-1.04%	3.65%	0.84%	3.88%	-3.64%	4.54%	9.10%	7.18%	4.16%	5.19%	15.77%	4.67%	0.42%	2.81%	1.32%	8.69%	-1.07%	-11.63%	-6.73%	2.32%	1.49%	1.79%	4.94%	2.94%	8.94%	3.65%	6.74%	9.49%	2.67%	-0.19%	-2.58%	5.28%	-5.32%	10.35%	9.13%	10.59%	-1.75%	9.71%	-8.78%	23.43%
cost of sales																														2,305,681,338	-775,802,000	-787,713,000	-745,296,000	2,006,528,557	-704,728,000	-658,290,000	-658,290,000	-646,327,000	1,464,149,051	-463,093,000	-486,212,000	-516,851,000	1,692,700,818	-552,458,000	-579,264,000	-563,239,000		-506,410,000	-485,680,000	-330,252,000	-443,265,000	-445,121,000	-432,622,000	-429,920,000	-416,314,000	-436,393,000	-413,928,000	-387,305,000	-351,689,000	-336,155,000	-322,064,000	-275,253,000	-266,470,000	-260,673,000	-255,538,000	-258,806,000	-235,629,000	-242,380,000	-271,475,000	-299,415,000	-288,343,000	-281,693,000	-278,112,000	-268,782,000	-259,117,000	-234,872,000	-227,698,000	-215,672,000	-202,691,000	-185,161,000	-187,319,000	-199,932,000	-188,899,000	-202,870,000	-187,354,000	-169,299,000	-152,990,000	-153,855,000	-140,710,000	-153,169,000	-123,764,000
other income and expenses
less: net (gain) loss attributable to noncontrolling interest																																					-135,000
selling, general and administrative expense																																																		-47,894,000	-63,402,000	-63,874,000	-64,300,000	-45,233,750	-59,743,000	-59,163,000	-62,029,000	-46,608,750	-57,676,000	-73,943,000	-54,816,000	-35,619,500	-46,604,000	-51,243,000	-44,631,000	-29,632,000	-37,395,000	-42,346,000	-38,787,000	-31,580,500	-43,841,000	-42,036,000		-27,384,750	-39,679,000	-34,915,000		-24,397,750	-31,293,000
engineering expense																																																		-8,383,750	-10,921,000	-11,280,000	-11,334,000	-7,761,750	-10,753,000	-10,145,000	-10,149,000	-6,978,500	-9,894,000	-9,132,000	-8,888,000	-7,620,500	-9,362,000	-10,425,000	-10,695,000	-7,870,250	-10,157,000	-10,765,000	-10,559,000	-7,331,250	-9,713,000	-9,631,000		-6,769,750	-9,237,000	-9,026,000		-6,051,500	-8,068,000
other income																																																		-458,250	-1,658,000	406,000														162,250	394,000
interest income																																																																	-3,912,000				-4,936,000	-1,179,250	-1,943,000			-615,750	-1,289,000			-337,000	196,000
income from continuing operations before income taxes																																																																		36,624,000	42,466,000	33,068,000	51,201,000	47,934,000	50,411,000	53,933,000	52,022,000	44,760,000	43,428,000	43,594,000	40,672,000	36,046,000	25,532,000	33,503,000	31,476,000	27,731,000	23,717,000			7,211,250	7,160,000	14,115,000	7,570,000
income from continuing operations																																																																		24,205,000	27,348,000	30,836,000	32,666,000	31,109,000	33,170,000	33,762,000	32,513,000	28,948,000	26,760,000	28,125,000	25,554,000	26,903,000	17,741,000	21,782,000	20,068,000	18,116,000	15,351,000			5,799,500	9,428,000	8,963,000	4,807,000	4,171,500	5,550,000
discontinued operations
loss from discontinued operations																																																																									-3,000				-32,000	-257,250	-370,000		-22,000	-23,500	-275,000
income from discontinued operations																																																																										-272,000	482,000	5,000				-637,000										325,000	53,000
earnings per common share
basic
diluted
earnings per common share
basic
loss from discontinued operations																																																																									-3,000				-32,000	-257,250	-370,000		-22,000	-23,500	-275,000
diluted
earnings per common share
basic
diluted
income tax benefit																																																																																		-5,554,000	-8,366,000			-1,411,750	2,268,000
discontinued operations, net of tax
loss on sale of discontinued operations
total discontinued operations																																																																																										325,000	53,000
income before cumulative effect of accounting change																																																																																										5,891,000	5,603,000
cumulative effect of accounting change for goodwill, net of tax
earnings per common share
basic
diluted
weighted-average shares outstanding

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-07-01	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30

assets
cash, cash equivalents and restricted cash	531,000,000	789,000,000	528,000,000	1,499,000,000	698,000,000	715,000,000	410,000,000	595,000,000	639,000,000	620,000,000	392,000,000	371,000,000	417,000,000	541,000,000					456,400,000
accounts receivable	1,784,000,000	1,410,000,000	1,662,000,000	1,441,000,000	1,392,000,000	1,152,000,000	1,231,000,000	1,269,000,000	997,000,000	1,160,000,000	1,104,000,000	1,015,000,000	956,000,000	975,000,000	1,004,000,000	1,000,000,000	998,000,000	1,085,000,000	960,300,000	1,020,900,000	985,300,000	969,300,000	1,020,000,000	964,400,000	1,149,100,000	1,149,900,000	1,213,100,000	1,247,450,000	1,271,198,000	801,193,000	851,244,000	835,150,000	885,917,000	800,619,000	792,726,000	812,727,000	812,727,000	754,358,000	667,596,000	477,500,000	440,900,000	475,659,000	494,975,000	474,213,000	505,539,000	495,712,000	443,464,000	474,930,000	465,092,000	388,863,000	349,458,000	570,276,000	488,449,000	432,797,000	389,915,000	430,230,000	442,141,000	396,490,000	346,281,000	346,436,000	336,673,000	305,687,000	258,149,000	264,793,000	275,201,000	247,949,000	208,260,000	230,981,000	251,798,000	259,607,000	273,560,000	298,683,000	284,145,000	286,350,000	222,235,000	215,688,000	201,411,000	197,825,000	177,345,000	157,215,000	162,993,000	168,445,000	206,891,000	173,352,000	168,050,000	160,025,000	139,843,000	136,154,000	130,332,000	130,094,000	129,074,000	132,437,000
unbilled accounts receivable	468,000,000	487,000,000	536,000,000	558,000,000	540,000,000	550,000,000	551,000,000	532,000,000	544,000,000	524,000,000	610,000,000	683,000,000	620,000,000	544,000,000	458,000,000	422,000,000	384,000,000	392,000,000	406,700,000	431,700,000	417,700,000				522,900,000			459,959,000	455,626,000	345,585,000	389,277,000	378,084,000	382,780,000	366,168,000	351,613,000	316,264,000	316,264,000	297,184,000	274,912,000	146,726,000	145,451,000	144,127,000	103,814,000	151,131,000	174,730,000	169,957,000	187,762,000	240,178,000	251,958,000	247,791,000	205,045,000
inventories	2,850,000,000	2,745,000,000	2,747,000,000	2,571,000,000	2,378,000,000	2,314,000,000	2,380,000,000	2,364,000,000	2,356,000,000	2,284,000,000	2,246,000,000	2,317,000,000	2,228,000,000	2,034,000,000	2,023,000,000	1,918,000,000	1,828,000,000	1,689,000,000	1,689,600,000	1,661,200,000	1,671,500,000	1,642,100,000	1,779,700,000	1,799,500,000	1,785,700,000	1,773,100,000	1,957,300,000	1,881,791,000	1,947,220,000	844,886,000	866,205,000	863,793,000	829,276,000	742,634,000	764,781,000	746,236,000	746,236,000	703,881,000	658,510,000	495,998,000	493,442,000	478,723,000	478,574,000	517,486,000	535,002,000	515,945,000	510,949,000	489,053,000	481,507,000	420,058,000	403,229,000	400,295,000	405,938,000	428,584,000	407,039,000	391,592,000	388,798,000	370,740,000	348,174,000	324,876,000	311,169,000	284,964,000	253,491,000	248,795,000	239,439,000	241,086,000	239,333,000	244,868,000	249,600,000	253,329,000	264,158,000	223,367,000	196,331,000	186,047,000	175,977,000	185,884,000	184,605,000	156,360,000	145,481,000	135,893,000	139,737,000	128,661,000	110,873,000	125,468,000	117,756,000	108,268,000	96,992,000	97,645,000	94,378,000	98,085,000	91,809,000	100,358,000
other current assets	340,000,000	263,000,000	315,000,000	285,000,000	247,000,000	212,000,000	202,000,000	267,000,000	263,000,000	267,000,000	282,000,000	277,000,000	275,000,000	233,000,000	200,000,000	205,000,000	213,000,000	193,000,000	247,100,000	240,900,000	221,000,000	226,500,000	163,700,000	172,000,000	167,500,000	150,900,000	192,400,000	178,569,000	194,223,000		111,441,000	124,286,000	117,955,000		139,925,000	141,060,000	141,060,000	130,631,000		38,760,000	35,713,000	40,266,000																		18,901,000	23,178,000	14,337,000		15,666,000	13,527,000	12,421,000		10,351,000	11,291,000	9,470,000		11,833,000	10,857,000	9,328,000		12,888,000	17,890,000	8,550,000		9,900,000	12,444,000	10,800,000		11,446,000	10,297,000	12,015,000		15,621,000	8,524,000	12,029,000		29,310,000
total current assets	5,973,000,000	5,694,000,000	5,788,000,000	6,354,000,000	5,255,000,000	4,943,000,000	4,774,000,000	5,027,000,000	4,799,000,000	4,855,000,000	4,634,000,000	4,663,000,000	4,496,000,000	4,327,000,000	4,199,000,000	4,046,000,000	3,911,000,000	3,832,000,000	3,760,100,000	3,808,200,000	3,779,000,000	3,879,800,000	3,936,200,000	3,969,700,000	4,241,100,000	4,192,100,000	4,410,400,000	4,229,140,000	4,381,137,000	4,449,667,000	4,353,548,000	2,446,887,000	2,465,814,000	2,265,113,000	2,277,125,000	2,344,809,000	2,344,809,000	2,166,233,000	2,867,631,000	1,695,132,000	1,700,358,000	1,686,565,000	1,612,448,000	1,650,091,000	1,579,966,000	1,503,933,000	1,637,864,000	1,533,808,000	1,526,851,000	1,434,178,000	1,333,047,000	1,344,434,000	1,189,985,000	1,168,986,000	1,092,938,000	1,184,049,000	1,143,464,000	1,114,022,000	1,055,782,000	950,377,000	931,932,000	844,935,000	801,953,000	743,778,000	731,640,000	716,449,000	689,509,000	773,093,000	665,480,000	651,598,000	725,349,000	744,527,000	757,484,000	680,864,000	665,767,000	596,214,000	568,843,000	593,383,000	547,191,000	566,210,000	569,693,000	514,784,000	482,926,000	430,552,000	407,202,000	363,709,000	359,573,000	369,880,000	350,829,000	321,518,000	322,092,000	288,497,000
property, plant and equipment	1,653,000,000	1,616,000,000	1,534,000,000	1,476,000,000	1,462,000,000	1,447,000,000	1,439,000,000	1,439,000,000	1,445,000,000	1,485,000,000	1,419,000,000	1,443,000,000	1,422,000,000	1,429,000,000	1,402,000,000	1,428,000,000	1,468,000,000	1,497,000,000	1,509,000,000	1,544,300,000	1,575,500,000	1,601,600,000	2,283,600,000	2,240,500,000	2,208,900,000	2,216,000,000	2,177,100,000	2,170,618,000	2,133,778,000	1,036,550,000	1,026,184,000	1,009,198,000	1,027,944,000	1,026,046,000	988,223,000	975,599,000	975,599,000	935,900,000	912,230,000	750,547,000	730,050,000	730,531,000	717,295,000	707,925,000	711,966,000	693,956,000	683,034,000	682,297,000	679,517,000	598,269,000	597,740,000	585,355,000	549,573,000	563,500,000	555,924,000	534,687,000	526,648,000	523,105,000	513,113,000	495,882,000	505,842,000	497,465,000	478,023,000	467,951,000	447,609,000	453,578,000	451,996,000	440,005,000	431,768,000	419,297,000	431,604,000	417,779,000	416,857,000	414,315,000	417,157,000	416,204,000	405,407,000	394,862,000	390,178,000	375,600,000	372,344,000	360,802,000	358,759,000	362,269,000	355,579,000	357,699,000	340,948,000	341,625,000	336,182,000	335,005,000	332,619,000	327,799,000
goodwill	10,625,000,000	10,216,000,000	9,853,000,000	8,936,000,000	8,787,000,000	8,710,000,000	8,786,000,000	8,706,000,000	8,730,000,000	8,780,000,000	8,590,000,000	8,657,000,000	8,540,000,000	8,508,000,000	8,361,000,000	8,459,000,000	8,567,000,000	8,587,000,000	8,604,700,000	8,653,200,000	8,625,700,000	8,485,200,000	8,366,100,000	8,309,900,000	8,273,700,000	8,360,600,000	8,103,200,000	8,150,671,000	8,142,473,000	2,396,544,000	2,412,554,000	2,428,591,000	2,528,819,000	2,460,103,000	2,384,758,000	2,343,608,000	2,343,608,000	2,188,503,000	2,078,765,000	877,054,000	860,027,000	867,623,000	858,532,000	852,995,000	864,921,000	834,157,000	862,338,000	864,460,000	821,572,000	787,610,000	786,433,000	790,756,000	714,954,000	728,021,000	666,022,000	656,933,000	623,931,000	593,559,000	587,531,000	566,337,000	575,676,000	575,197,000	545,832,000	518,040,000	497,902,000	506,284,000	482,978,000	424,717,000	416,650,000	396,840,000	319,449,000	277,033,000	237,842,000	236,897,000	232,593,000	232,876,000	224,090,000	177,598,000	173,251,000	118,698,000	119,270,000	118,214,000	118,181,000	120,430,000	120,749,000	119,365,000	113,466,000	109,450,000	109,450,000	109,450,000	109,450,000	109,450,000
other intangible assets	4,239,000,000	3,838,000,000	3,546,000,000	2,889,000,000	2,892,000,000	2,934,000,000	2,996,000,000	3,031,000,000	3,115,000,000	3,205,000,000	3,267,000,000	3,359,000,000	3,333,000,000	3,402,000,000	3,410,000,000	3,531,000,000	3,632,000,000	3,705,000,000	3,779,800,000	3,876,000,000	3,927,200,000
other noncurrent assets	706,000,000	705,000,000	806,000,000	736,000,000	700,000,000	668,000,000	649,000,000	673,000,000	658,000,000	663,000,000	890,000,000	863,000,000	878,000,000	850,000,000	890,000,000	869,000,000	860,000,000	833,000,000	698,300,000	630,700,000	635,800,000	618,700,000	648,800,000	638,000,000	625,300,000	631,700,000	557,600,000	552,329,000	555,308,000	109,406,000	72,277,000	71,894,000	76,020,000	76,360,000	97,013,000	73,116,000	73,116,000	62,992,000	62,386,000	40,739,000	39,830,000	35,575,000	35,628,000	34,771,000	41,733,000	39,011,000	41,717,000	38,221,000	36,862,000	40,543,000	39,773,000	38,703,000	40,651,000	41,155,000	39,990,000	41,024,000	40,109,000	32,579,000	36,023,000	39,992,000	36,429,000	29,180,000	28,812,000	26,179,000	17,659,000	19,054,000	19,047,000	19,555,000	19,621,000	18,175,000	17,382,000	18,464,000	19,372,000	14,873,000	14,916,000	18,541,000	14,411,000	13,581,000	13,009,000	9,185,000	10,364,000	13,018,000	16,092,000	15,682,000	14,080,000	15,896,000	14,040,000	13,208,000	13,549,000	13,645,000	10,859,000	50,172,000
total noncurrent assets	17,223,000,000	16,375,000,000	15,739,000,000	14,037,000,000	13,841,000,000	13,759,000,000	13,870,000,000	13,849,000,000	13,948,000,000	14,133,000,000	14,166,000,000	14,322,000,000	14,173,000,000	14,189,000,000	14,063,000,000	14,287,000,000	14,527,000,000	14,622,000,000	14,591,800,000	14,704,200,000
total assets	23,196,000,000	22,069,000,000	21,527,000,000	20,391,000,000	19,096,000,000	18,702,000,000	18,644,000,000	18,876,000,000	18,747,000,000	18,988,000,000	18,800,000,000	18,985,000,000	18,669,000,000	18,516,000,000	18,262,000,000	18,333,000,000	18,438,000,000	18,454,000,000	18,351,900,000	18,512,400,000	18,543,200,000	18,454,500,000	18,444,400,000	18,465,400,000	18,773,100,000	18,944,200,000	18,900,900,000	18,942,593,000	19,077,905,000	8,649,234,000	8,553,226,000	6,677,606,000	6,875,781,000	6,579,980,000	6,449,650,000	6,438,740,000	6,438,740,000	6,030,899,000	6,581,018,000	3,428,157,000	3,379,196,000	3,380,785,000	3,300,335,000	3,326,082,000	3,298,123,000	3,167,507,000	3,303,841,000	3,228,387,000	3,163,868,000	2,916,519,000	2,821,997,000	2,816,980,000	2,516,390,000	2,506,175,000	2,351,542,000	2,396,042,000	2,331,897,000	2,219,574,000	2,158,953,000	2,005,617,000	2,011,478,000	1,897,128,000	1,803,081,000	1,705,680,000	1,632,184,000	1,638,240,000	1,585,835,000	1,574,815,000	1,460,184,000	1,420,935,000	1,507,520,000	1,285,211,000	1,256,100,000	1,177,795,000	1,158,702,000	1,102,762,000	1,058,589,000	1,022,671,000	972,842,000	910,261,000	920,449,000	862,438,000	836,357,000	808,069,000	783,042,000	746,111,000	713,396,000	693,020,000	681,136,000	654,037,000	656,305,000
liabilities and shareholders’ equity
liabilities
accounts payable	1,423,000,000	1,402,000,000	1,429,000,000	1,407,000,000	1,324,000,000	1,300,000,000	1,338,000,000	1,331,000,000	1,288,000,000	1,250,000,000	1,243,000,000	1,307,000,000	1,353,000,000	1,301,000,000	1,206,000,000	1,178,000,000	1,058,000,000	1,012,000,000	947,300,000	994,700,000	955,000,000	909,400,000	962,000,000	1,006,000,000	1,087,200,000	1,157,500,000	1,146,200,000	1,232,597,000	1,187,261,000	589,449,000	557,449,000	615,677,000	608,316,000	552,525,000	512,905,000	548,150,000	548,150,000	512,230,000	530,211,000	276,539,000	305,160,000	304,247,000	319,525,000	319,225,000	377,457,000	381,285,000	399,845,000	389,284,000	397,371,000	345,312,000	326,666,000	288,026,000	272,519,000	267,445,000	248,593,000	235,568,000	249,455,000	236,002,000	244,649,000	179,411,000	185,871,000	174,542,000	170,504,000	129,977,000	123,764,000	122,349,000	119,895,000	113,101,000	116,689,000	126,287,000	162,633,000	154,808,000	142,925,000	130,050,000	137,226,000	118,383,000	110,529,000	99,936,000	92,624,000	78,752,000	80,555,000	92,807,000	93,551,000	108,952,000	112,258,000	111,286,000	92,189,000	89,115,000	81,293,000	79,591,000	79,747,000	77,887,000
customer deposits	1,006,000,000	1,015,000,000	940,000,000	936,000,000	796,000,000	693,000,000	567,000,000	646,000,000	645,000,000	804,000,000	679,000,000	731,000,000	697,000,000	772,000,000	691,000,000	627,000,000	624,000,000	629,000,000	556,900,000	597,500,000	640,700,000	642,700,000	640,900,000	619,500,000	602,800,000	604,200,000	670,600,000	648,503,000	573,244,000	373,538,000	374,104,000	390,126,000	378,158,000	369,716,000	373,815,000	373,361,000	373,361,000	351,599,000	256,591,000	108,718,000	110,968,000	100,740,000	106,127,000	106,889,000	98,636,000	106,881,000	111,797,000	74,901,000	72,369,000	67,066,000	66,573,000	70,896,000	80,470,000	84,450,000	82,810,000	104,404,000	84,068,000	87,536,000	72,811,000				23,810,000		35,894,000	42,276,000	44,251,000	57,475,000	70,269,000	61,141,000	80,353,000	99,832,000	94,761,000	66,096,000	67,291,000	40,797,000	59,134,000	76,615,000	75,537,000	77,536,000	93,750,000	70,826,000	71,098,000	39,550,000	32,399,000	26,183,000	27,693,000	23,377,000	21,258,000	17,945,000	16,818,000	19,071,000
accrued compensation	515,000,000	490,000,000	424,000,000	325,000,000	419,000,000	425,000,000	380,000,000	280,000,000	344,000,000	341,000,000	308,000,000	249,000,000	295,000,000	300,000,000	278,000,000	228,000,000	287,000,000	335,000,000	309,300,000	243,200,000	261,500,000	242,300,000	243,900,000	231,100,000	257,400,000	343,800,000	287,900,000	287,873,000	273,449,000	173,183,000	165,190,000	163,580,000	170,511,000	164,210,000	151,952,000	146,537,000	146,537,000	141,762,000	145,324,000	54,984,000	62,062,000	59,212,000	69,892,000	71,478,000	66,919,000	62,873,000	70,857,000	64,168,000	56,374,000	51,205,000	57,058,000	51,608,000	46,191,000	45,094,000	53,222,000	49,443,000	44,236,000	38,435,000	48,564,000	43,353,000	39,139,000	33,316,000	39,870,000	40,290,000	33,190,000	29,846,000	30,423,000	29,395,000	31,492,000	27,180,000	36,483,000	30,612,000	30,400,000	25,722,000	30,519,000	28,210,000	26,923,000	20,850,000	26,297,000	25,099,000	23,272,000	19,579,000	25,274,000	20,345,000	20,971,000	22,244,000	18,944,000	16,566,000	17,504,000	17,949,000	18,131,000
accrued warranty	269,000,000	266,000,000	261,000,000	263,000,000	249,000,000	248,000,000	244,000,000	228,000,000	220,000,000	220,000,000	220,000,000	223,000,000	222,000,000	215,000,000	208,000,000	216,000,000	224,000,000	228,000,000	238,100,000	245,200,000	235,600,000	240,100,000	223,000,000	216,800,000	216,800,000	226,500,000	215,800,000	223,764,000	217,752,000	135,636,000	136,449,000	137,064,000	140,620,000	137,542,000	134,964,000	130,782,000	130,782,000	123,817,000	123,190,000	76,465,000	77,566,000	77,318,000	72,678,000	72,693,000	74,300,000	63,641,000	68,031,000	53,509,000	51,557,000	44,051,000	43,197,000	43,767,000	44,329,000	41,422,000	39,860,000	38,555,000	37,353,000	33,543,000	29,416,000	24,022,000	24,033,000	22,777,000	20,510,000	23,040,000	20,214,000	19,388,000	20,025,000	19,177,000	20,372,000	20,638,000	20,933,000	16,406,000	16,399,000	16,101,000	14,390,000	12,018,000	10,857,000	9,559,000	10,305,000	19,194,000	17,557,000	16,622,000	16,158,000	15,791,000	15,657,000	16,802,000	17,413,000	16,141,000	15,463,000	13,880,000	13,307,000
current portion of long-term debt	1,830,000,000	1,250,000,000	251,000,000		504,000,000	500,000,000	500,000,000	503,000,000	3,000,000	781,000,000	759,000,000	989,000,000	975,000,000	251,000,000	251,000,000	226,000,000	14,000,000	2,000,000	3,800,000	600,000	353,900,000	447,200,000	454,800,000	697,100,000	92,800,000	95,700,000	111,800,000	104,413,000	321,308,000	64,099,000	47,038,000	27,115,000	49,557,000	47,225,000	49,748,000	50,693,000	50,693,000	87,373,000	129,809,000	134,000	115,000	101,000	433,000	430,000	478,000	579,000	792,000	955,000	681,000	386,000	421,000	85,000	43,000	43,000	43,000	43,000	43,000	43,000	68,000	40,068,000	40,068,000	40,068,000	40,068,000	40,070,000	38,201,000	34,457,000	32,741,000	31,977,000	31,352,000	30,727,000	30,381,000
other accrued liabilities	792,000,000	727,000,000	759,000,000	675,000,000	635,000,000	626,000,000	652,000,000	659,000,000	653,000,000	660,000,000	682,000,000	674,000,000	623,000,000	628,000,000	694,000,000	715,000,000	673,000,000	704,000,000	756,200,000	763,500,000	722,200,000	744,600,000	704,000,000	712,700,000	724,600,000	830,300,000	766,600,000	714,165,000	681,421,000	310,785,000	250,063,000	272,906,000	300,886,000	302,112,000	242,056,000	232,576,000	232,576,000	254,626,000	261,170,000	108,095,000	108,681,000	116,050,000	95,627,000	83,934,000	81,737,000	80,510,000	86,718,000	91,931,000	90,064,000	72,885,000	85,000,000	87,376,000	80,720,000	122,527,000	128,096,000	112,679,000	135,159,000	139,999,000	145,485,000	90,291,000	88,020,000	69,098,000	53,019,000	59,692,000	59,190,000	61,675,000	57,640,000	58,696,000	46,386,000	38,761,000	56,817,000	45,600,000	39,484,000	35,680,000	41,399,000	37,968,000	34,524,000	30,097,000	33,935,000	27,308,000	28,754,000	25,751,000	30,971,000	23,641,000	23,818,000	17,494,000	21,334,000	20,351,000	22,872,000	17,605,000	24,651,000	52,190,000
total current liabilities	5,835,000,000	5,150,000,000	4,064,000,000	3,606,000,000	3,927,000,000	3,792,000,000	3,681,000,000	3,647,000,000	3,153,000,000	4,056,000,000	3,891,000,000	4,173,000,000	4,165,000,000	3,467,000,000	3,328,000,000	3,190,000,000	2,880,000,000	2,910,000,000	2,811,600,000	2,844,700,000	3,168,900,000	3,226,300,000	3,228,600,000	3,483,200,000	2,981,600,000	3,258,000,000	3,198,900,000	3,211,315,000	3,254,435,000	1,646,690,000	1,530,293,000	1,606,468,000	1,648,048,000	1,573,330,000	1,465,440,000	1,482,099,000	1,482,099,000	1,471,407,000	1,446,639,000	624,935,000	664,552,000	657,668,000	664,776,000	654,649,000	699,527,000	695,769,000	738,802,000	674,748,000	668,416,000	580,905,000	579,400,000	541,758,000	524,272,000	560,981,000	553,059,000	540,692,000	550,314,000	535,558,000	541,385,000	453,593,000	456,144,000	381,471,000	348,374,000	319,133,000	310,453,000	309,991,000	305,348,000	309,821,000	316,560,000	311,837,000	388,051,000	351,900,000	325,224,000	290,586,000	295,235,000	241,934,000	244,047,000	245,929,000	243,791,000	237,675,000	255,445,000	237,034,000	241,479,000	223,607,000	215,095,000	199,054,000	180,872,000	165,550,000	158,390,000	146,970,000	152,780,000	155,815,000
long-term debt	4,708,000,000	4,291,000,000	5,034,000,000	4,784,000,000	3,503,000,000	3,480,000,000	3,517,000,000	3,494,000,000	3,997,000,000	3,288,000,000	3,288,000,000	3,401,000,000	3,189,000,000	3,751,000,000	3,824,000,000	3,987,000,000	4,225,000,000	4,056,000,000	4,067,200,000	4,079,600,000	3,923,300,000	3,792,200,000	3,799,900,000	3,768,700,000	4,655,100,000	4,333,600,000	4,633,500,000	4,528,768,000	4,641,286,000	3,792,774,000	3,818,061,000	1,857,806,000	1,871,076,000	1,823,303,000	1,824,156,000	1,934,604,000	1,934,604,000	1,782,624,000	1,762,967,000	819,770,000	744,139,000	801,883,000	695,294,000	450,589,000	400,348,000	420,406,000	520,403,000	521,087,000	500,219,000	450,247,000	450,288,000	539,606,000	396,915,000	417,527,000	317,853,000	432,854,000	443,088,000	385,831,000	395,805,000	366,087,000	356,190,000	360,001,000	382,007,000	369,772,000	369,743,000	384,990,000	359,039,000	400,365,000	320,535,000	331,753,000	356,699,000	150,121,000	150,135,000	150,161,000	150,177,000	150,000,000	150,000,000	150,000,000	150,000,000	150,000,000	150,000,000	150,000,000	150,000,000	150,312,000	150,326,000	150,409,000	150,107,000	190,112,000	190,199,000	190,211,000	190,225,000	190,220,000
deferred income taxes	729,000,000	606,000,000	553,000,000	411,000,000	390,000,000	376,000,000	295,000,000	323,000,000	321,000,000	318,000,000	355,000,000	359,000,000	333,000,000	326,000,000	287,000,000	289,000,000	304,000,000	288,000,000	184,700,000	194,100,000	186,400,000	168,400,000	163,100,000	155,600,000	151,400,000	145,300,000	72,600,000	169,861,000	176,116,000	198,269,000	153,549,000	155,611,000	182,780,000	175,902,000	282,557,000	287,377,000	287,377,000	258,228,000	245,680,000	75,741,000	75,705,000	72,244,000	71,658,000	46,025,000	44,208,000	44,416,000	43,953,000	52,240,000	52,517,000	51,905,000	50,622,000	61,208,000	60,376,000	60,907,000	60,894,000	58,592,000	58,812,000	57,331,000	57,339,000	39,028,000	39,437,000	39,260,000	39,573,000	37,716,000	36,964,000	36,093,000	40,533,000	31,708,000	31,458,000	31,100,000	31,133,000	24,254,000	24,471,000	24,306,000	24,766,000	23,728,000	23,711,000	24,169,000	24,773,000	15,617,000	15,612,000	15,422,000	15,838,000	14,194,000	14,189,000	15,251,000	16,122,000	23,164,000	22,766,000	23,245,000	23,457,000
other long-term liabilities	773,000,000	832,000,000	717,000,000	681,000,000	802,000,000	863,000,000	798,000,000	831,000,000	710,000,000	740,000,000	787,000,000	713,000,000	742,000,000		692,000,000	709,000,000	727,000,000						793,800,000		783,400,000			1,069,615,000	1,097,526,000	28,914,000	27,557,000	67,573,000	63,141,000	59,658,000	19,146,000	23,383,000	23,383,000	25,903,000	21,552,000	22,807,000	23,827,000	23,643,000	22,980,000	20,951,000	21,733,000	20,588,000	20,724,000	19,820,000	26,441,000	18,320,000	22,116,000	21,286,000	21,327,000	25,313,000	21,459,000	21,401,000	14,730,000	15,391,000	13,551,000	15,183,000	14,004,000	17,780,000	16,397,000				16,009,000				24,424,000				23,566,000				10,768,000	8,700,000	10,230,000		9,753,000	15,538,000	14,141,000	14,460,000	5,698,000	11,208,000	12,141,000	13,707,000	5,587,000	21,904,000
total liabilities	12,045,000,000	10,879,000,000	10,432,000,000	9,546,000,000	8,682,000,000	8,569,000,000	8,353,000,000	8,356,000,000	8,243,000,000	8,464,000,000	8,433,000,000	8,758,000,000	8,535,000,000	8,369,000,000	8,337,000,000	8,386,000,000	8,350,000,000	8,215,000,000	8,160,700,000	8,184,600,000	8,366,100,000	8,301,800,000	8,392,000,000	8,584,800,000	8,975,400,000	8,950,600,000	9,171,500,000	9,107,436,000	9,297,459,000	5,780,159,000	5,642,874,000	3,802,978,000	3,887,552,000	3,751,448,000	3,713,281,000	3,854,369,000	3,854,369,000	3,662,131,000	3,604,193,000	1,697,666,000	1,653,357,000	1,702,399,000	1,598,996,000	1,340,641,000	1,341,791,000	1,350,153,000	1,495,543,000	1,438,778,000	1,398,176,000	1,236,131,000	1,234,830,000	1,299,931,000	1,110,684,000	1,174,907,000	1,069,525,000	1,165,025,000	1,177,744,000	1,095,694,000	1,111,309,000	991,357,000	993,162,000	927,495,000	899,694,000	832,539,000	825,244,000	836,983,000	806,922,000	822,271,000	756,764,000	761,512,000	862,149,000	600,510,000	577,449,000	542,105,000	541,434,000	517,031,000	517,245,000	522,760,000	502,953,000	448,336,000	466,604,000	449,622,000	457,150,000	444,129,000	439,397,000	422,741,000	400,970,000	406,870,000	412,329,000	402,080,000	408,012,000	408,748,000
commitments and contingencies																																																			485,000				435,000				392,000				593,000				373,000				451,000				785,000				602,000				4,109,000				6,171,000				5,536,000
equity
common stock, .01 par value...	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000																							1,323,000		1,323,000	1,323,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000	662,000
additional paid-in capital	8,020,000,000	8,069,000,000	8,047,000,000	8,025,000,000	8,009,000,000	8,023,000,000	7,999,000,000	7,981,000,000	7,967,000,000	7,977,000,000	7,965,000,000	7,949,000,000	7,940,000,000	7,953,000,000	7,937,000,000	7,926,000,000	7,917,000,000	7,916,000,000	7,905,600,000	7,896,700,000	7,883,900,000	7,880,600,000	7,882,300,000	7,871,700,000	7,875,000,000	7,877,200,000	7,815,800,000	7,807,109,000	7,796,270,000	914,568,000	916,768,000	910,350,000	907,801,000	906,616,000	900,536,000	898,459,000	898,459,000	894,377,000	869,951,000	470,908,000	466,553,000	462,814,000	469,326,000	463,151,000	456,498,000	449,596,000	448,531,000	441,869,000	434,198,000	427,968,000	415,059,000	402,527,000	390,797,000	382,029,000	381,348,000	375,975,000	368,917,000	363,929,000	360,914,000	354,717,000	350,930,000	341,708,000	339,861,000	336,122,000	333,280,000	329,613,000	329,707,000	328,510,000	325,982,000	325,419,000	328,587,000	325,571,000	322,488,000	318,523,000	320,928,000	321,205,000	318,111,000	314,912,000	314,752,000	313,033,000	309,944,000	304,486,000	294,209,000	287,696,000	287,633,000	286,614,000	286,694,000	283,712,000	283,066,000	282,866,000	282,872,000	272,695,000
treasury stock	-416,000,000	-190,000,000	-115,000,000	-116,000,000	-69,000,000	-3,273,000,000	-3,151,000,000	-2,545,000,000	-2,345,000,000	-2,171,000,000	-2,013,000,000	-2,014,000,000	-1,941,000,000	-1,769,000,000	-1,697,000,000	-1,696,000,000	-1,597,000,000	-1,306,000,000	-1,206,200,000	-1,008,600,000	-1,011,100,000	-1,010,100,000	-909,400,000	-909,300,000	-910,200,000	-807,100,000	-807,600,000																					-392,475,000	-383,095,000	-369,209,000		-345,603,000	-341,313,000	-342,005,000	-349,388,000	-331,708,000	-327,016,000	-305,453,000	-309,196,000	-307,252,000	-290,110,000	-286,609,000	-290,081,000	-290,295,000	-288,668,000	-286,678,000	-289,137,000	-291,148,000	-291,772,000	-279,908,000	-276,421,000	-255,669,000	-256,455,000	-258,040,000	-238,131,000	-229,269,000	-229,246,000	-228,676,000	-232,823,000	-228,290,000	-217,253,000	-221,738,000	-225,483,000	-229,367,000	-231,835,000	-242,912,000	-248,021,000	-254,387,000	-258,280,000	-266,887,000	-267,586,000	-270,595,000
retained earnings	4,187,000,000	3,878,000,000	3,719,000,000	3,452,000,000	3,160,000,000	6,185,000,000	6,007,000,000	5,759,000,000	5,505,000,000	5,269,000,000	5,085,000,000	4,875,000,000	4,715,000,000	4,577,000,000	4,447,000,000	4,314,000,000	4,176,000,000	4,055,000,000	3,887,800,000	3,780,100,000	3,678,300,000	3,588,900,000	3,524,200,000	3,419,000,000	3,355,600,000	3,267,000,000	3,154,800,000	3,087,468,000	3,005,809,000	3,021,968,000	2,999,139,000	2,922,986,000	2,850,135,000	2,773,300,000	2,735,876,000	2,679,995,000	2,679,995,000	2,617,575,000	2,553,258,000	2,524,354,000	2,450,884,000	2,367,609,000	2,280,801,000	2,186,673,000	2,095,224,000	1,999,519,000	1,909,136,000	1,822,225,000	1,737,850,000	1,653,008,000	1,576,702,000	1,506,505,000	1,436,566,000	1,364,999,000	1,297,772,000	1,235,417,000	1,174,801,000	1,111,529,000	1,053,706,000	1,008,886,000	963,727,000	927,877,000	887,406,000	856,911,000	826,847,000	796,117,000	766,221,000	742,495,000	715,624,000	685,269,000	653,083,000	622,454,000	589,769,000	556,488,000	524,538,000	496,343,000	469,578,000	441,943,000	419,603,000	393,739,000	376,974,000	356,307,000	336,744,000	320,927,000	306,335,000	291,650,000	282,868,000	274,081,000	265,107,000	256,592,000	252,234,000	246,779,000
accumulated other comprehensive loss	-689,000,000	-616,000,000	-604,000,000	-561,000,000	-733,000,000	-846,000,000	-607,000,000	-720,000,000	-667,000,000	-590,000,000	-713,000,000	-624,000,000	-631,000,000	-661,000,000	-808,000,000	-641,000,000	-449,000,000	-466,000,000	-432,600,000	-375,800,000	-409,000,000	-339,100,000	-482,200,000	-537,800,000	-560,600,000	-382,600,000	-468,600,000	-289,180,000		-256,583,000	-205,733,000	-156,201,000		-44,992,000	-91,930,000	-184,550,000	-184,550,000	-331,652,000	-379,605,000	-286,055,000	-290,346,000	-249,097,000	-276,719,000	-257,208,000	-209,696,000	-245,585,000	-159,486,000	-84,285,000	-25,960,000	-34,063,000	-34,856,000	-52,079,000	-86,113,000	-79,304,000	-53,564,000	-55,080,000	-66,298,000	-49,672,000	-60,897,000	-45,996,000	-10,393,000	-17,595,000	-38,077,000	-34,092,000	-67,985,000	-40,596,000	-30,546,000	-29,391,000								-3,210,000	-17,761,000	-28,930,000	-32,305,000	-17,219,000	-16,482,000	-26,901,000	-26,925,000	-15,978,000	-19,150,000	-12,644,000	-9,777,000	-17,918,000	-21,748,000	-21,276,000	-19,889,000
total westinghouse air brake technologies corporation shareholders’ equity	11,103,000,000	11,142,000,000	11,048,000,000	10,801,000,000	10,368,000,000	10,091,000,000	10,250,000,000	10,477,000,000	10,462,000,000	10,487,000,000	10,326,000,000	10,188,000,000	10,085,000,000	10,102,000,000	9,881,000,000	9,905,000,000	10,049,000,000	10,201,000,000	10,156,600,000	10,294,400,000	10,144,100,000	10,122,300,000	10,016,900,000	9,845,600,000	9,761,800,000	9,956,500,000	9,696,400,000																									1,512,673,000	1,401,260,000		1,276,830,000	1,225,266,000	1,151,066,000	1,120,995,000	1,045,189,000	1,011,017,000	1,014,816,000	966,043,000	899,771,000	869,308,000	804,136,000	799,118,000	776,907,000	751,128,000	701,949,000
noncontrolling interest	48,000,000	48,000,000	47,000,000	44,000,000	46,000,000	42,000,000	41,000,000	43,000,000	42,000,000	37,000,000	41,000,000	39,000,000	49,000,000	45,000,000	44,000,000	42,000,000	39,000,000	38,000,000	34,600,000	33,400,000	33,000,000	30,400,000	35,500,000	35,000,000	35,900,000	37,100,000	33,000,000	33,397,000	92,600,000	3,944,000		17,348,000	19,111,000	19,664,000	18,667,000	17,514,000	17,514,000	17,177,000
total equity	11,151,000,000	11,190,000,000	11,095,000,000	10,845,000,000	10,414,000,000	10,133,000,000	10,291,000,000	10,520,000,000	10,504,000,000	10,524,000,000	10,367,000,000	10,227,000,000	10,134,000,000	10,147,000,000	9,925,000,000	9,947,000,000	10,088,000,000	10,239,000,000	10,191,200,000	10,327,800,000	10,177,100,000	10,152,700,000	10,052,400,000	9,880,600,000	9,797,700,000	9,993,600,000	9,729,400,000	9,835,157,000	9,780,446,000	2,869,075,000	2,910,352,000	2,874,628,000	2,988,229,000	2,828,532,000	2,736,369,000	2,584,371,000	2,584,371,000	2,368,768,000	2,976,825,000
total liabilities and equity	23,196,000,000	22,069,000,000	21,527,000,000	20,391,000,000	19,096,000,000	18,702,000,000	18,644,000,000	18,876,000,000	18,747,000,000	18,988,000,000	18,800,000,000	18,985,000,000	18,669,000,000	18,516,000,000	18,262,000,000	18,333,000,000	18,438,000,000	18,454,000,000	18,351,900,000	18,512,400,000	18,543,200,000	18,454,500,000	18,444,400,000	18,465,400,000	18,773,100,000	18,944,200,000	18,900,900,000	18,942,593,000	19,077,905,000	8,649,234,000	8,553,226,000	6,677,606,000	6,875,781,000	6,579,980,000	6,449,650,000	6,438,740,000	6,438,740,000	6,030,899,000	6,581,018,000
accrued postretirement and pension benefits			64,000,000	64,000,000	60,000,000	58,000,000	62,000,000	61,000,000	62,000,000	62,000,000	63,000,000	64,000,000	58,000,000	57,000,000	63,000,000	68,000,000	72,000,000	77,000,000	104,200,000	108,100,000	110,000,000	113,500,000	106,100,000	106,600,000	109,200,000	113,000,000	92,600,000	95,625,000	96,533,000	95,446,000		98,742,000	105,556,000	103,734,000	108,182,000	112,930,000	112,930,000	110,120,000	110,597,000	55,609,000	56,487,000	59,553,000	55,765,000	78,437,000	79,434,000	78,059,000	81,908,000	62,371,000	47,973,000	49,632,000	50,003,000	60,304,000	62,990,000	63,650,000	66,388,000	59,855,000	60,497,000	63,789,000	63,837,000	50,885,000	59,704,000	60,180,000	60,508,000
contingent consideration											49,000,000	48,000,000	48,000,000	47,000,000	143,000,000	143,000,000	142,000,000	141,000,000	219,800,000	219,200,000	218,600,000	218,100,000	300,500,000	297,600,000	294,700,000	291,800,000
other long term liabilities														721,000,000				743,000,000	773,200,000	738,900,000	758,900,000	783,300,000		773,100,000		808,900,000	1,143,100,000																																					17,603,000	17,956,000	17,593,000		15,384,000	14,513,000	26,331,000		24,216,000	26,572,000	26,253,000		33,127,000	29,302,000	28,753,000				9,642,000
cash and cash equivalents															514,000,000	501,000,000	488,000,000	473,000,000		453,500,000	483,500,000	598,700,000	559,300,000	587,900,000	615,900,000	604,200,000	587,400,000	461,371,000	512,870,000	580,908,000	411,381,000	245,574,000	249,886,000	233,401,000	228,080,000	328,522,000	328,522,000	280,179,000	398,484,000	250,382,000	302,935,000	262,774,000	226,191,000	208,241,000	264,844,000	249,135,000	425,849,000	212,541,000	225,907,000	295,103,000	285,760,000	281,007,000	214,505,000	225,338,000	215,766,000	282,055,000	234,105,000	269,304,000	285,615,000	221,136,000	221,475,000	200,687,000	236,941,000	176,808,000	166,509,000	178,900,000	188,659,000	255,185,000	121,333,000	98,092,000	141,805,000	186,390,000	241,680,000	174,833,000	234,689,000	158,026,000	141,226,000	206,479,000	187,979,000	247,585,000	238,907,000	191,456,000	141,365,000	106,092,000	86,852,000	68,150,000	95,257,000
current assets
current liabilities
total other assets																					13,188,700,000	12,973,100,000	12,904,500,000	12,883,300,000	12,909,000,000	13,096,300,000	12,867,800,000	13,067,356,000	13,061,802,000	3,635,830,000	3,642,255,000	3,674,885,000	3,836,566,000	3,740,895,000	3,622,158,000	3,546,089,000	3,546,089,000	3,340,607,000	3,195,011,000	1,375,055,000	1,330,188,000	1,340,347,000	1,334,694,000	1,324,757,000	1,361,187,000	1,314,531,000	1,326,866,000	1,352,214,000	1,293,863,000	1,208,694,000	1,212,872,000	1,205,596,000	1,085,439,000	1,094,473,000	1,014,516,000	982,846,000	961,726,000	880,530,000	881,149,000	845,322,000	861,102,000	835,768,000	794,903,000	758,760,000	708,067,000	721,636,000	694,619,000	605,671,000	600,228,000	576,008,000	574,623,000	356,674,000	319,460,000	314,913,000	310,498,000	325,062,000	310,102,000	253,172,000	247,342,000	183,845,000	185,260,000	186,274,000	191,830,000	214,361,000	213,828,000	217,703,000	202,862,000	172,270,000	178,897,000	179,333,000	180,374,000	198,495,000
unbilled accounts receivables																						443,200,000	413,500,000	445,900,000		514,000,000	460,200,000
other intangibles																						3,869,200,000	3,889,600,000	3,935,400,000	4,010,000,000	4,104,000,000	4,207,000,000	4,364,356,000	4,364,021,000	1,129,880,000	1,157,424,000	1,174,400,000	1,231,727,000	1,204,432,000	1,140,387,000	1,129,365,000	1,129,365,000	1,089,112,000	1,053,860,000	457,262,000	430,331,000	437,149,000	440,534,000	436,991,000	454,533,000	441,363,000	422,811,000	449,533,000	435,429,000	380,541,000	385,679,000	376,137,000	329,834,000	325,297,000	308,321,000	284,889,000	297,686,000	254,312,000	257,355,000	236,711,000	245,703,000	227,883,000	216,913,000	205,751,000	184,366,000	190,467,000	187,630,000	160,792,000	160,770,000	159,921,000	236,740,000	56,834,000	57,710,000	58,627,000	58,673,000	47,145,000	47,754,000	39,126,000	44,494,000	37,439,000	38,100,000	38,643,000	39,129,000	42,773,000	43,523,000	47,702,000	39,880,000	36,283,000	36,862,000	37,202,000	37,776,000	38,873,000
commitment and contingencies																																							344,000				494,000				762,000
convertible preferred stock, .01 par value...
accumulated depreciation																							-679,900,000	-628,100,000	-585,900,000	-560,200,000	-554,400,000	-524,521,000	-498,812,000	-472,813,000	-468,761,000	-453,364,000	-454,543,000	-452,074,000	-437,856,000	-427,757,000	-427,757,000	-411,841,000	-393,854,000	-392,577,000	-381,400,000	-376,658,000	-364,102,000	-356,691,000	-354,996,000	-344,913,000	-343,923,000	-339,932,000	-336,363,000	-324,622,000	-321,662,000	-318,405,000	-308,607,000	-320,784,000	-311,836,000	-305,540,000	-299,941,000	-298,083,000	-291,091,000	-285,964,000	-287,398,000	-281,040,000	-271,798,000	-264,809,000	-255,132,000	-253,423,000	-250,289,000	-243,954,000	-237,292,000	-225,968,000	-224,056,000	-233,769,000	-237,701,000	-232,297,000	-234,720,000	-234,718,000	-225,763,000	-218,746,000	-211,869,000	-215,394,000	-207,848,000	-199,422,000	-197,158,000	-199,113,000	-193,567,000	-193,000,000	-189,987,000	-190,755,000	-184,772,000	-181,819,000	-178,780,000	-179,298,000
other assets																														115,649,000				122,291,000					123,381,000				34,294,000
restricted cash																														1,761,446,000	1,724,000,000
convertible preferred stock, 0.01 par value...
common stock, 0.01 par value...
223,431,716 and 132,349,534 shares issued and 188,183,106 and 96,614,946 outstanding
at june 30, 2019 and december 31, 2018, respectively																												1,981,000
total westinghouse air brake technologies corporation shareholders' equity																												9,801,760,000	9,687,846,000	2,865,131,000	2,895,170,000	2,857,280,000	2,969,118,000	2,808,868,000	2,717,702,000	2,566,857,000	2,566,857,000	2,351,591,000	2,205,977,000	1,727,074,000	1,722,537,000	1,676,561,000	1,699,607,000	1,984,147,000	1,955,348,000	1,816,247,000	1,807,242,000	1,788,657,000	1,764,316,000	1,679,027,000	1,585,259,000
198,131,716 and 132,349,534 shares issued and 162,817,600 and 96,614,946 outstanding
at march 31, 2019 and december 31, 2018, respectively																													1,981,000
accumulated other comprehensive income																													-309,000,000				34,016,000																																				-48,547,000	-72,019,000	-60,540,000	-8,317,000	22,187,000	18,057,000	9,271,000																	-22,788,000
preferred stock, 1,000,000 shares authorized, no shares issued
132,349,534 shares issued and 96,614,946 and 96,034,352 outstanding
at december 31, 2018 and december 31, 2017, respectively																														1,323,000
december 31, 2018 and december 31, 2017, respectively																														-816,145,000
reserve for postretirement and pension benefits																															95,310,000																																	56,460,000	60,842,000	62,200,000	64,078,000	55,711,000	66,663,000	66,936,000	69,343,000	52,856,000	54,375,000	54,518,000	53,539,000	67,758,000	70,410,000	75,373,000	74,511,000	44,376,000	43,347,000	45,495,000	44,428,000	38,692,000	43,750,000	44,012,000	43,112,000	33,665,000	40,136,000	40,313,000	39,055,000	40,809,000
commitments and contingent liabilities
132,349,534 shares issued and 96,606,946 and 96,034,352 outstanding
at september 30, 2018 and december 31, 2017, respectively																															1,323,000
non-controlling interest																															15,182,000								770,848,000	3,417,000	3,302,000	1,825,000	1,732,000	1,294,000	984,000	1,107,000	1,056,000	952,000	1,376,000	1,361,000	1,908,000	4,376,000	4,446,000		5,187,000	5,751,000	3,087,000	2,885,000	2,455,000	3,243,000	3,500,000	3,590,000	3,616,000	3,833,000	2,804,000	2,139,000	2,006,000	1,416,000	1,471,000
132,349,534 shares issued and 96,386,379 and 96,034,352 outstanding
at june 30, 2018 and december 31, 2017, respectively																																1,323,000
132,349,534 shares issued and 96,227,365 and 96,034,352 outstanding
at march 31, 2018 and december 31, 2017, respectively																																	1,323,000
deposits in escrow																																							744,748,000				202,942,000
132,349,534 shares issued and 96,034,352 and 95,425,432 outstanding
at december 31, 2017 and december 31, 2016, respectively																																		1,323,000
december 31, 2017 and december 31, 2016, respectively																																		-827,379,000
deposit in escrow																																								210,025,000	206,212,000	212,772,000		209,128,000
132,349,534 shares issued and 95,999,582 and 95,425,432 outstanding
at september 30, 2017 and december 31, 2016, respectively																																			1,323,000
132,349,534 shares issued and 95,984,443 and 95,425,432 outstanding
at june 30, 2017 and december 31, 2016, respectively																																				1,323,000	1,323,000
132,349,534 shares issued and 95,896,236 and 95,425,432 outstanding
at march 31, 2017 and december 31, 2016, respectively																																						1,323,000
132,349,534 shares issued and 95,425,432 and 91,836,106 outstanding
at december 31, 2016 and december 31, 2015, respectively																																							1,323,000
december 31, 2016 and december 31, 2015, respectively																																							-838,950,000
shareholders’ equity
132,349,534 shares issued and 89,065,387 and 91,836,106 outstanding
at september 30, 2016 and december 31, 2015, respectively																																								1,323,000
total shareholders’ equity																																								1,730,491,000	1,725,839,000	1,678,386,000	1,701,339,000	1,985,441,000	1,956,332,000	1,817,354,000	1,808,298,000	1,789,609,000	1,765,692,000	1,680,388,000	1,587,167,000	1,517,049,000	1,405,706,000		1,282,017,000	1,231,017,000	1,154,153,000	1,123,880,000	1,047,644,000	1,014,260,000	1,018,316,000	969,633,000	903,387,000	873,141,000	806,940,000	801,257,000	778,913,000	752,544,000	703,420,000	659,423,000	645,371,000	684,701,000	678,651,000	635,690,000	617,268,000	585,731,000	541,344,000	499,911,000	469,889,000	461,925,000	453,845,000	412,816,000	379,207,000	363,940,000	343,645,000	323,370,000	312,426,000	286,150,000	268,807,000	251,957,000	248,293,000	226,745,000
total liabilities and shareholders’ equity																																								3,428,157,000	3,379,196,000	3,380,785,000	3,300,335,000	3,326,082,000	3,298,123,000	3,167,507,000	3,303,841,000	3,228,387,000	3,163,868,000	2,916,519,000	2,821,997,000	2,816,980,000	2,516,390,000		2,351,542,000	2,396,042,000	2,331,897,000	2,219,574,000	2,158,953,000	2,005,617,000	2,011,478,000	1,897,128,000	1,803,081,000	1,705,680,000	1,632,184,000	1,638,240,000	1,585,835,000	1,574,815,000	1,460,184,000	1,420,935,000	1,507,520,000	1,285,211,000	1,256,100,000	1,177,795,000	1,158,702,000	1,102,762,000	1,058,589,000	1,022,671,000	972,842,000	910,261,000	920,449,000	862,438,000	836,357,000	808,069,000	783,042,000	746,111,000	713,396,000	693,020,000	681,136,000	654,037,000	656,305,000
132,349,534 shares issued and 90,119,492 and 91,836,106 outstanding
at june 30, 2016 and december 31, 2015, respectively																																									1,323,000
132,349,534 shares issued and 90,104,136 and 91,836,106 outstanding
at march 31, 2016 and december 31, 2015, respectively																																										1,323,000
132,349,534 shares issued and 91,836,106 and 96,274,395 outstanding
at december 31, 2015 and december 31, 2014, respectively																																											1,323,000
december 31, 2015 and december 31, 2014, respectively																																											-775,124,000
other																																												43,867,000	55,643,000	28,768,000	25,887,000	64,866,000	49,870,000	30,458,000	38,933,000	31,648,000	20,717,000	21,360,000	19,324,000	21,580,000	19,608,000	20,157,000	18,373,000				13,799,000				12,724,000				14,693,000				8,100,000				11,613,000				7,959,000				11,359,000				7,424,000
132,349,534 shares issued and 96,478,074 and 96,274,395 outstanding
at september 30, 2015 and december 31, 2014, respectively																																												1,323,000
132,349,534 shares issued and 96,666,083 and 96,274,395 outstanding
at june 30, 2015 and december 31, 2014, respectively																																													1,323,000
132,349,534 shares issued and 96,610,455 and 96,274,395 outstanding
at march 31, 2015 and december 31, 2014, respectively																																														1,323,000
march 31, 2015 and december 31, 2014, respectively																																														-388,606,000
132,349,534 shares issued and 96,274,395 and 95,909,948 outstanding
at december 31, 2014 and december 31, 2013, respectively																																															1,323,000
december 31, 2014 and december 31, 2013, respectively																																															-392,262,000
132,349,534 shares issued and 96,254,818 and 95,909,948 outstanding
at september 30, 2014 and december 31, 2013, respectively																																																1,323,000
september 30, 2014 and december 31, 2013, respectively
132,349,534 shares issued and 96,309,478 and 95,909,948 outstanding
at june 30, 2014 and december 31, 2013, respectively																																																	1,323,000
june 30, 2014 and december 31, 2013, respectively
132,349,534 shares issued and 95,909,948 and 95,407,368 outstanding
at december 31, 2013 and december 31, 2012, respectively																																																			1,323,000
december 31, 2013 and december 31, 2012, respectively																																																			-372,969,000
customer deposits and advanced billings																																																												76,448,000	79,013,000	41,670,000		26,064,000
accrued income taxes																																																																						7,103,000		4,642,000	1,255,000	16,937,000	3,625,000	4,558,000	2,080,000	8,872,000	4,491,000	9,786,000	11,557,000	11,449,000	4,427,000	15,328,000	9,992,000	5,045,000	3,299,000				126,000	6,667,000
notes payable																																																																																							487,000				3,198,000
marketable securities																																																																																					10,058,000
cash																																																																																								97,296,000	94,829,000	58,065,000	70,328,000	26,392,000
assets held for sale																																																																																											1,974,000
deferred compensation

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31

operating activities
net income	363,000,000	204,000,000	313,000,000	339,000,000	327,000,000	213,000,000	286,000,000	291,000,000	277,000,000	217,000,000	242,000,000	193,000,000	173,000,000	159,000,000	163,000,000	169,000,000	150,000,000	193,300,000	131,800,000	125,200,000	114,700,000	86,800,000	128,500,000	85,800,000	111,200,000	137,000,000	90,659,000	102,854,000	-4,013,000	34,906,000	86,069,000	83,271,000	87,457,000	49,687,000	68,439,000	72,160,000	72,004,000																																32,666,000	31,109,000	33,170,000	33,762,000	32,510,000	28,676,000	27,242,000	28,130,000	25,522,000	26,242,000	17,371,000	21,145,000	20,046,000	16,301,000	15,076,000	15,151,000	9,248,000	9,247,000	9,428,000	8,963,000	4,807,000	5,891,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	139,000,000	136,000,000	128,000,000	117,000,000	120,000,000	128,000,000	134,000,000	118,000,000	123,000,000	160,000,000	125,000,000	123,000,000	123,000,000	120,000,000	119,000,000	118,000,000	122,000,000	122,400,000	122,300,000	126,300,000	120,000,000	120,000,000	119,600,000	117,900,000	115,800,000	112,100,000	124,236,000	109,102,000	55,962,000	26,323,000	29,747,000	25,373,000	27,854,000	26,278,000	25,919,000	25,822,000	25,229,000	20,420,000	16,282,000	16,861,000	16,232,000	16,567,000	16,555,000	16,043,000	15,569,000	16,284,000	17,115,000	14,284,000	13,578,000	14,058,000	12,116,000	13,849,000	11,170,000	12,648,000	11,294,000	9,995,000	10,199,000	11,171,000	12,904,000	9,956,000	10,818,000	11,699,000	9,711,000	8,776,000	8,400,000	11,666,000	6,816,000	8,635,000	8,402,000	7,791,000	7,567,000	7,136,000	7,332,000	7,476,000	7,693,000	7,211,000	6,760,000	4,264,000	9,771,000	5,804,000	6,055,000	5,986,000	6,262,000	6,691,000	6,731,000	7,087,000	6,663,000	6,109,000	6,253,000	6,947,000
stock-based compensation expense	22,000,000	22,000,000	22,000,000	19,000,000	17,000,000	22,000,000	18,000,000	14,000,000	12,000,000	11,000,000	14,000,000	12,000,000	10,000,000	11,000,000	10,000,000	10,000,000	10,000,000	11,800,000	10,000,000	16,000,000	8,200,000	1,900,000	11,900,000	-1,600,000	7,300,000	13,900,000	12,168,000	15,406,000	8,526,000	4,831,000	6,501,000	8,287,000	5,696,000	6,748,000	2,660,000	6,187,000	5,692,000	6,025,000	5,115,000	4,163,000	5,510,000	5,927,000	5,103,000	6,226,000	8,763,000	7,027,000	7,004,000	5,396,000	6,707,000	6,511,000	6,506,000	5,530,000	5,560,000	4,841,000	5,087,000	4,875,000	5,045,000	5,424,000	3,852,000	5,951,000	3,419,000	3,547,000	2,578,000	3,149,000	2,491,000	-12,000	2,218,000	617,000	797,000	2,791,000	2,660,000	3,274,000	1,750,000	3,685,000	2,922,000	2,510,000	2,135,000	1,495,000	1,715,000	1,609,000	4,372,000
below market intangible amortization	-10,000,000	-8,000,000	-14,000,000	-12,000,000	-10,000,000	-10,000,000	-11,000,000	-12,000,000	-11,000,000	-15,000,000	-13,000,000	-14,000,000	-12,000,000	-14,000,000	-14,000,000	-13,000,000	-12,000,000	-13,800,000	-16,300,000	-7,300,000	-12,600,000	-20,300,000	-12,500,000	-17,800,000	-37,600,000	-52,300,000	-20,500,000
changes in operating assets and liabilities, net of acquisitions and dispositions:
accounts receivable and unbilled accounts receivable	-305,000,000	332,000,000	-125,000,000	-17,000,000	-226,000,000	58,000,000	54,000,000	-267,000,000	121,000,000	19,000,000	-64,000,000	-99,000,000	-51,000,000	-13,000,000	-84,000,000	-48,000,000	93,000,000	-110,900,000	63,700,000	-38,100,000	9,300,000	69,800,000	-900,000	268,700,000	-22,600,000	26,000,000	3,405,000	15,909,000	-51,614,000	45,601,000	-40,233,000	6,368,000	-66,347,000	-8,430,000	6,298,000	29,937,000	-96,481,000	58,090,000	-36,191,000	21,673,000	-23,844,000	22,381,000	34,907,000	3,714,000	-39,502,000	71,946,000	2,567,000	-11,486,000	-80,440,000
inventories	-28,000,000	46,000,000	-48,000,000	-151,000,000	-29,000,000	-2,000,000	5,000,000	-35,000,000	-85,000,000	143,000,000	47,000,000	-60,000,000	-188,000,000	33,000,000	-145,000,000	-119,000,000	-137,000,000	-8,700,000	-40,100,000	19,000,000	-11,200,000	173,000,000	38,100,000	-6,800,000	-23,500,000	197,200,000	-88,724,000	72,124,000	75,300,000	16,640,000	-9,392,000	-65,376,000	-50,755,000	44,410,000	-4,959,000	-16,261,000	-32,145,000	43,039,000	13,194,000	-12,293,000	1,400,000	35,994,000	9,689,000	-6,995,000	-18,541,000	-30,131,000	-13,709,000	-1,144,000	-19,105,000	-2,965,000	22,022,000	20,209,000	-13,206,000	-5,892,000	1,774,000	-7,912,000	-20,461,000	-16,148,000	-16,583,000	-25,365,000	-21,441,000	684,000	3,162,000	-1,686,000	-3,810,000	8,490,000	6,425,000	10,159,000	8,286,000	-10,918,000	-12,935,000	-9,803,000	-9,070,000	9,090,000	-1,340,000	-11,808,000	-10,259,000	4,946,000	8,232,000	-13,087,000	-17,902,000	14,945,000	-8,686,000	-7,788,000	-6,987,000	-600,000	-2,920,000	3,468,000	-6,833,000
accounts payable	20,000,000	-42,000,000	2,000,000	61,000,000	13,000,000	-17,000,000	-6,000,000	48,000,000	45,000,000	-8,000,000	-45,000,000	-52,000,000	47,000,000	74,000,000	47,000,000	137,000,000	48,000,000	67,900,000	-41,300,000	35,400,000	47,000,000	-65,600,000	-54,900,000	-88,300,000	-60,200,000	2,200,000	-74,565,000	44,440,000	-116,375,000	44,569,000	-55,217,000	27,315,000	32,096,000	29,667,000	-45,628,000	-51,071,000	-24,690,000	24,845,000	-30,020,000	4,245,000	-18,002,000	4,051,000	-55,686,000	-12,084,000	-12,931,000	14,407,000	-2,682,000	24,512,000	19,141,000	37,434,000	2,234,000	6,348,000	14,960,000	6,086,000	-16,364,000	8,187,000	-10,392,000	56,278,000	-2,766,000	10,499,000	-4,037,000	38,476,000	794,000	2,483,000	2,541,000	5,089,000	-4,633,000	-13,669,000	-35,025,000	1,090,000	8,853,000	12,528,000	-8,168,000	18,913,000	6,207,000	103,000	7,536,000	9,595,000	-4,199,000	-12,643,000	-112,000	-17,665,000	-2,680,000	-314,000	14,647,000	5,611,000	7,382,000	1,867,000	-28,000
accrued income taxes	62,000,000	-61,000,000	68,000,000	-45,000,000	44,000,000	-12,000,000	19,000,000	-32,000,000	46,000,000	7,000,000	24,000,000	-5,000,000	-25,000,000	-36,000,000	11,000,000	16,000,000	16,000,000	-32,900,000	10,300,000	5,200,000	13,400,000	39,000,000	12,800,000	9,500,000	-4,400,000	-3,800,000	-6,899,000	3,003,000	18,396,000	51,650,000	-43,568,000	-14,206,000	14,004,000	83,586,000	-12,917,000	-25,213,000	2,188,000	-17,711,000	3,039,000	-26,866,000	29,779,000	776,000	1,779,000	-5,396,000	24,581,000	7,408,000	896,000	-1,071,000	16,530,000	-13,001,000	2,972,000	-14,559,000	9,555,000	-15,824,000	-1,220,000	-23,000,000	6,842,000	27,257,000	434,000	-6,965,000	10,788,000	-12,579,000	135,000	5,792,000	841,000	-1,643,000	13,936,000	-19,355,000	7,903,000	-3,664,000	3,612,000	-14,035,000	13,576,000	2,950,000	4,382,000	-6,028,000	12,209,000	-6,623,000	-12,477,000	10,901,000	11,378,000	-13,737,000	5,112,000	6,526,000	3,663,000	4,737,000	-4,686,000
current and noncurrent customer deposits	-64,000,000	145,000,000	-13,000,000	-17,000,000	31,000,000
other accrued liabilities	12,000,000	60,000,000	84,000,000	-95,000,000	-13,000,000
other operating activities	-12,000,000	98,000,000	-54,000,000	42,000,000	-83,000,000
net cash from operating activities	199,000,000	992,000,000	367,000,000	209,000,000	191,000,000	723,000,000	542,000,000	235,000,000	334,000,000	686,000,000	425,000,000	115,000,000	-25,000,000	410,000,000	204,000,000	263,000,000	161,000,000	313,700,000	243,900,000	223,200,000	292,200,000	325,600,000	229,500,000	310,500,000	-81,900,000	447,800,000	123,776,000	412,586,000	31,338,000	276,633,000	-29,866,000	43,704,000	24,200,000	162,300,000	40,214,000	12,393,000	-26,096,000	202,414,000	32,917,000	138,410,000	75,566,000	192,954,000	144,380,000	67,265,000	43,661,000	242,221,000	92,505,000	111,444,000	26,215,000	150,657,000	39,900,000	13,056,000	32,040,000	123,913,000	82,989,000	29,555,000	981,000	148,606,000	33,974,000	49,560,000	16,486,000	100,887,000	45,787,000	17,095,000	12,367,000	71,282,000	51,223,000			82,089,000	47,118,000	64,066,000	-33,889,000	97,973,000	18,313,000	7,471,000	18,752,000	41,119,000	36,411,000	28,449,000	45,048,000	36,768,000	17,640,000	17,355,000	12,309,000	27,644,000	3,764,000	30,206,000	-8,747,000
capital expenditures	-46,000,000	-122,000,000	-55,000,000	-39,000,000	-44,000,000	-84,000,000	-46,000,000	-46,000,000	-31,000,000	-77,000,000	-39,000,000	-38,000,000	-32,000,000	-67,000,000	-32,000,000	-30,000,000	-20,000,000	-51,500,000	-23,000,000	-29,000,000	-26,500,000	-37,700,000	-31,100,000	-34,300,000	-33,300,000	-72,700,000	-50,733,000	-32,147,000	-29,720,000	-29,073,000	-24,509,000	-22,257,000	-17,466,000	-29,203,000	-21,838,000	-19,098,000	-19,327,000	-18,540,000	-12,572,000	-10,600,000	-8,504,000	-16,349,000	-12,219,000	-12,402,000	-8,458,000	-16,685,000	-12,620,000	-12,024,000	-6,333,000	-17,643,000	-8,987,000	-8,160,000	-6,448,000	-11,307,000	-8,233,000	-6,270,000	-10,191,000	-15,745,000	-9,410,000	-5,415,000	-7,401,000	0	-5,364,000	-3,406,000	-3,601,000	0	-2,137,000			0	-4,631,000	-3,961,000	-3,891,000	0	-4,510,000	-4,935,000	-3,407,000	-7,439,000	-4,534,000	-5,682,000	-3,287,000	-6,198,000	-5,010,000	-5,456,000	-5,998,000	-6,206,000	-4,663,000	-4,180,000	-4,213,000
free cash flows	153,000,000	870,000,000	312,000,000	170,000,000	147,000,000	639,000,000	496,000,000	189,000,000	303,000,000	609,000,000	386,000,000	77,000,000	-57,000,000	343,000,000	172,000,000	233,000,000	141,000,000	262,200,000	220,900,000	194,200,000	265,700,000	287,900,000	198,400,000	276,200,000	-115,200,000	375,100,000	73,043,000	380,439,000	1,618,000	247,560,000	-54,375,000	21,447,000	6,734,000	133,097,000	18,376,000	-6,705,000	-45,423,000	183,874,000	20,345,000	127,810,000	67,062,000	176,605,000	132,161,000	54,863,000	35,203,000	225,536,000	79,885,000	99,420,000	19,882,000	133,014,000	30,913,000	4,896,000	25,592,000	112,606,000	74,756,000	23,285,000	-9,210,000	132,861,000	24,564,000	44,145,000	9,085,000	100,887,000	40,423,000	13,689,000	8,766,000	71,282,000	49,086,000			82,089,000	42,487,000	60,105,000	-37,780,000	97,973,000	13,803,000	2,536,000	15,345,000	33,680,000	31,877,000	22,767,000	41,761,000	30,570,000	12,630,000	11,899,000	6,311,000	21,438,000	-899,000	26,026,000	-12,960,000
investing activities
acquisitions of businesses, net of cash acquired	-1,062,000,000	-765,000,000	-1,734,000,000			-155,000,000				-81,000,000	-4,000,000			-20,000,000	0				0	-3,700,000	-401,400,000		0	-4,600,000	-35,700,000		-19,048,000	-270,838,000	-2,710,714,000		-10,790,000	-3,980,000	-34,297,000		0	-46,594,000	-67,581,000		-63,092,000	-21,053,000	-210,000		0	-24,395,000	-75,713,000	-776,000	-100,244,000
purchase of property, plant and equipment	-46,000,000	-122,000,000	-55,000,000	-39,000,000	-44,000,000	-84,000,000	-46,000,000	-46,000,000	-31,000,000	-77,000,000	-39,000,000	-38,000,000	-32,000,000	-67,000,000	-32,000,000	-30,000,000	-20,000,000	-51,500,000	-23,000,000	-29,000,000	-26,500,000	-37,700,000	-31,100,000	-34,300,000	-33,300,000	-72,700,000	-50,733,000	-32,147,000	-29,720,000	-29,073,000	-24,509,000	-22,257,000	-17,466,000	-29,203,000	-21,838,000	-19,098,000	-19,327,000	-18,540,000	-12,572,000	-10,600,000	-8,504,000	-16,349,000	-12,219,000	-12,402,000	-8,458,000	-16,685,000	-12,620,000	-12,024,000	-6,333,000	-17,643,000	-8,987,000	-8,160,000	-6,448,000	-11,307,000	-8,233,000	-6,270,000	-10,191,000	-15,745,000	-9,410,000	-5,415,000	-7,401,000																	-7,439,000	-4,534,000	-5,682,000	-3,287,000	-6,198,000	-5,010,000	-5,456,000	-5,998,000	-6,206,000	-4,663,000	-4,180,000	-4,213,000	-7,826,000
other investing activities	3,000,000
net cash from investing activities	-1,105,000,000	-860,000,000	-1,789,000,000	-54,000,000	-44,000,000	-237,000,000	-49,000,000	-38,000,000	-19,000,000	-156,000,000	-43,000,000	-261,000,000	-32,000,000	-86,000,000	-32,000,000	-99,000,000	-18,000,000	-64,700,000	-22,900,000	-30,400,000	-422,000,000	-35,500,000	-21,700,000	-35,600,000	-62,600,000	-68,000,000	-69,436,000	-300,716,000	-2,739,648,000	-43,127,000	-35,060,000	-25,235,000	-43,865,000	-125,905,000	-21,243,000	-65,505,000	-63,076,000	-659,174,000	-75,689,000	-31,572,000	-8,630,000	-38,175,000	-221,171,000	-36,757,000	-84,033,000	-17,380,000	-112,741,000	-212,629,000	-4,928,000	-19,207,000	-115,638,000	-3,046,000	-120,801,000	-58,877,000	-21,329,000	-94,640,000	-10,098,000	-72,519,000	-9,401,000	-25,865,000	-38,397,000	-53,090,000	-58,638,000	-3,352,000	-41,175,000	-99,827,000	-5,591,000	-10,002,000	199,000	-322,789,000	-86,864,000	-3,950,000	-3,838,000	-7,562,000	-4,507,000	-78,060,000	-3,407,000	-94,949,000	-3,862,000	-4,715,000	-1,236,000	-5,774,000	-4,949,000	-6,282,000	-40,602,000	-6,088,000	-4,239,000	-3,268,000	-4,213,000
financing activities
proceeds from debt, net of issuance costs	1,682,000,000	851,000,000	1,668,000,000	1,993,000,000	196,000,000	386,000,000	69,000,000	836,000,000	967,000,000	1,212,000,000	1,387,000,000	1,662,000,000	1,302,000,000	1,520,000,000	1,151,000,000	1,404,000,000	2,012,000,000
payments of debt	-670,000,000	-602,000,000	-1,168,000,000	-1,262,000,000	-192,000,000	-388,000,000	-73,000,000	-836,000,000	-1,025,000,000	-1,219,000,000	-1,712,000,000	-1,442,000,000	-1,148,000,000	-1,643,000,000	-1,258,000,000	-1,399,000,000	-1,817,000,000	-1,060,700,000	-1,321,300,000	-1,772,000,000	-1,398,000,000	-960,200,000	-1,057,800,000	-1,395,500,000	-663,800,000	-1,359,000,000	-512,479,000	-714,377,000	-837,744,000	12,672,000	-920,232,000	-280,047,000	-266,347,000	-350,618,000	-238,774,000	-197,554,000	-482,591,000	-886,898,000	-40,351,000	-90,046,000	-85,453,000	-152,372,000	-165,719,000	-82,742,000	-211,847,000	-130,854,000	-146,267,000	-166,631,000	-50,067,000	-180,483,000	-483,615,000	-61,516,000	-104,228,000	-137,465,000	-48,857,000	-37,036,000	-88,099,000	-143,282,000	-35,103,000	-37,809,000	-67,008,000	-34,745,000	-33,108,000	-66,897,000	-83,333,000	-62,063,000	-23,568,000	-76,635,000	-31,058,000
repurchase of stock	-242,000,000	-75,000,000	0	-50,000,000	-98,000,000	-123,000,000	-599,000,000	-200,000,000	-175,000,000	-157,000,000	0	-74,000,000	-178,000,000	-73,000,000	-1,000,000	-103,000,000	-296,000,000	-99,700,000	-199,100,000	0	-1,200,000	-101,900,000	0	0	-105,300,000
cash dividends	-53,000,000	-43,000,000	-43,000,000	-44,000,000	-43,000,000	-34,000,000	-35,000,000	-35,000,000	-36,000,000	-31,000,000	-30,000,000	-31,000,000	-31,000,000	-28,000,000	-28,000,000	-27,000,000	-28,000,000	-23,100,000	-23,000,000	-22,900,000	-23,000,000	-23,300,000	-22,800,000	-23,400,000	-23,000,000	-23,500,000	-23,937,000																						-3,828,000		-4,004,000	-2,410,000	-2,386,000	-2,410,000	-2,376,000	-1,442,000	-1,438,000	-1,442,000	-1,442,000	-484,000	-481,000	-485,000	-480,000	-481,000	-468,000	-479,000	-476,000	-482,000	-480,000	-486,000	-485,000	-481,000	-488,000	-481,000	-477,000	-495,000	-491,000	-487,000	-489,000	-486,000	-483,000	-484,000	-484,000	-466,000	-466,000	-460,000	-454,000	-448,000	-449,000	-436,000
payment of income tax withholding on share-based compensation	-53,000,000	-1,000,000	0	-5,000,000	-34,000,000	-1,000,000	-1,000,000	0	-23,000,000	0	-1,000,000	-1,000,000	-14,000,000													-100,000	-2,083,000	8,000	-4,125,000	-5,617,000	-202,000	-3,566,000	-2,937,000	-46,000	4,000	40,000	-6,842,000	2,348,000	0	0	-9,006,000	0	0	0	-14,565,000
other financing activities	-8,000,000	-6,000,000	2,000,000	-6,000,000	-1,000,000	-2,000,000	0	2,000,000	3,000,000			0	-3,000,000	12,000,000	-3,000,000	2,000,000	-4,000,000	400,000	2,400,000	1,300,000	-5,100,000	600,000	300,000	400,000	-5,900,000
net cash from financing activities	656,000,000	124,000,000	453,000,000	626,000,000	-172,000,000	-162,000,000	-686,000,000	-234,000,000	-289,000,000	-310,000,000	-353,000,000	102,000,000	-72,000,000	-313,000,000	-139,000,000	-123,000,000	-133,000,000	-219,700,000	-220,800,000	-220,200,000	7,700,000	-258,200,000	-237,300,000	-307,000,000	183,500,000	-355,600,000	90,992,000	-156,882,000	882,990,000	-17,199,000	1,972,546,000	-5,904,000	28,668,000	-27,382,000	-111,639,000	81,063,000	-39,473,000	636,530,000	-10,179,000	-62,120,000	-40,037,000	-128,081,000	22,804,000	-23,856,000	-119,781,000	-6,055,000	6,976,000	33,539,000	-8,954,000	-126,060,000	138,003,000	-19,096,000	100,167,000	-134,017,000	-15,354,000	34,372,000	-9,724,000	-12,895,000	-8,752,000	-4,523,000	-20,589,000	12,176,000	49,000	-13,450,000	27,073,000	-37,822,000	80,890,000			211,808,000	707,000	1,767,000	-24,571,000	-13,962,000	-328,000	-376,000	1,681,000	-4,796,000	-10,152,000	7,848,000	5,293,000	9,904,000	2,034,000	11,540,000	4,546,000	-30,574,000	3,455,000	8,346,000	234,000
effect of changes in currency exchange rates	-8,000,000		-2,000,000	20,000,000	8,000,000	-19,000,000	8,000,000	-7,000,000	-7,000,000	8,000,000	-8,000,000	-2,000,000	5,000,000	16,000,000	-20,000,000	-28,000,000	5,000,000	-13,000,000	2,700,000	-2,600,000	6,900,000	7,500,000	900,000	4,100,000	-27,300,000	-7,400,000	-19,249,000	-6,487,000	-4,164,000	-9,334,000	-17,813,000	-16,877,000	7,482,000	-3,692,000	-7,774,000	20,392,000	10,340,000	-31,668,000	398,000	-4,557,000	9,684,000	-8,748,000	-2,616,000	9,057,000	-16,561,000	-5,478,000	-106,000	-1,550,000	-2,990,000	-637,000	4,237,000	-1,747,000	-1,834,000	2,692,000	1,644,000	-4,486,000	2,530,000	1,287,000	-16,160,000	1,616,000	6,246,000	160,000	23,101,000	-12,684,000	-8,024,000	-159,000	7,330,000	12,524,000	-5,184,000	-15,693,000	-16,251,000	4,964,000	2,442,000	214,000	3,322,000	5,712,000	1,474,000	-980,000	-13,719,000	15,869,000	986,000	-5,625,000	4,515,000	-3,911,000	-3,360,000	6,979,000	-513,000	1,480,000	463,000	-189,000
decrease in cash	-258,000,000						-185,000,000											16,300,000	2,900,000				-28,600,000																				-56,603,000												47,950,000	-35,199,000	-16,311,000		-339,000	20,788,000	-36,254,000			-12,391,000	-9,759,000				-43,713,000																-27,107,000				-12,263,000
cash, cash equivalents and restricted cash, beginning of period	789,000,000		0	0	715,000,000		0	0	620,000,000		0	0	541,000,000																			0	233,401,000
cash, cash equivalents and restricted cash, end of period	531,000,000		-971,000,000	801,000,000	698,000,000		-185,000,000	-44,000,000	639,000,000		21,000,000	-46,000,000	417,000,000
in millions
adjustments to reconcile net income to net cash from operations:
net loss on business disposition
net gain on mark-to-market derivatives
deferred income taxes
net loss on disposal of property, plant and equipment		0				2,000,000	0	0	2,000,000	3,000,000	1,000,000	0	3,000,000			1,000,000	2,000,000
proceeds from dispositions of businesses, net of cash disposed
settlement of foreign currency derivatives related to acquisition
proceeds from disposal of property, plant and equipment		2,000,000	-3,000,000			0	-7,000,000	8,000,000	12,000,000					1,000,000	0	0	2,000,000							3,300,000	6,400,000	500,000	345,000	2,269,000	786,000	2,154,000	239,000	1,002,000	7,898,000	225,000	595,000	187,000	284,000	223,000	-25,000	81,000	84,000	1,430,000	176,000	40,000	138,000	81,000	123,000	-1,188,000	1,405,000	-168,000	336,000	5,114,000	718,000	40,000	838,000	0	93,000	363,000	9,000	275,000	16,000	352,000	11,000	54,000	1,000	420,000	20,000	13,000	3,638,000	312,000	30,000	11,000	53,000	100,000	-112,000
payment of contingent consideration
distribution to noncontrolling interest		0				0	-5,000,000			-5,000,000	0
effect of changes in currency exchange rates on cash
increase in cash				801,000,000	-17,000,000				19,000,000	228,000,000	21,000,000	-46,000,000	-124,000,000		13,000,000	13,000,000	15,000,000				-115,200,000				11,700,000	16,800,000	126,083,000	-51,499,000	-1,829,484,000	206,973,000	1,889,807,000	-4,312,000	16,485,000	5,321,000	-100,442,000	48,343,000	-118,305,000	148,102,000	-52,553,000	40,161,000	36,583,000				-176,714,000	213,308,000			9,343,000	4,753,000			9,572,000									60,133,000				-66,526,000	133,852,000					66,847,000	-59,856,000	76,663,000	16,800,000	-65,253,000	18,500,000	-59,606,000	8,678,000	47,451,000	50,091,000	35,273,000	19,240,000			-2,039,000	2,467,000			43,936,000
cash, cash equivalents and restricted cash, beginning of year
cash, cash equivalents and restricted cash, end of year
gain on mark-to-market derivatives			2,000,000
proceeds from dispositions of businesses
payment of contingent consideration on acquisitions																										0	0
accrued liabilities and customer deposits							17,000,000	-48,000,000	-141,000,000	114,000,000	85,000,000	6,000,000	-79,000,000	71,000,000	130,000,000	-27,000,000	-66,000,000	95,000,000	27,000,000	-63,900,000	25,900,000	-15,100,000	23,000,000	-14,600,000	-84,700,000	-30,700,000	-5,388,000	84,166,000	-59,978,000	15,375,000	-11,176,000	29,074,000	-1,529,000	-100,161,000	-5,667,000	1,634,000	85,303,000	-2,985,000	-11,858,000	16,337,000	-12,832,000	-1,926,000	14,178,000	-10,621,000	-16,468,000	60,387,000	12,220,000	12,042,000	-15,920,000	-3,424,000	-1,091,000	-29,280,000	-15,036,000	-24,377,000	25,414,000	4,409,000	7,877,000	-37,647,000	4,310,000	65,650,000	10,888,000	-653,000	-6,683,000	-4,072,000	1,227,000	-6,491,000	-22,009,000	15,944,000	-43,647,000	-8,143,000	12,874,000	36,332,000	-9,551,000	32,801,000	-15,730,000	-11,842,000	-9,537,000	-517,000	16,518,000	-596,000	-10,381,000	42,390,000	7,200,000	9,490,000	-7,924,000	10,717,000	876,000	8,409,000	-5,422,000
other assets and liabilities							26,000,000	158,000,000	-55,000,000	93,000,000	9,000,000	11,000,000	-26,000,000	-29,000,000	-35,000,000	19,000,000	-65,000,000	-87,300,000	-30,600,000	5,400,000	-22,500,000	-102,900,000	-36,100,000	-42,300,000	-83,200,000	70,200,000	77,245,000	-24,451,000	104,106,000	45,196,000	4,699,000	-57,779,000	-24,252,000	97,664,000	4,961,000	-31,174,000	-63,349,000	35,287,000	-8,399,000	23,445,000	-16,858,000	3,542,000	18,585,000	-24,325,000	-13,807,000	8,844,000	-19,611,000	-19,247,000	6,218,000	-526,000	-9,601,000	587,000	-6,782,000	32,800,000	-19,022,000	6,677,000	-9,472,000	61,239,000	-638,000	-13,979,000	1,724,000	1,414,000	-15,457,000	3,361,000	6,516,000	-4,129,000	-3,055,000	-6,301,000	6,939,000	6,473,000	5,160,000	-7,178,000	-570,000	4,638,000	-696,000	-7,205,000	4,339,000	3,214,000	-14,347,000	16,690,000	-4,289,000	4,019,000	1,100,000	-6,505,000	6,014,000	1,239,000	-7,690,000	-2,174,000	-5,578,000
changes in operating assets and liabilities, net of acquisitions:
increase in cash, cash equivalents and restricted cash
net income on disposal of property, plant and equipment
changes in operating assets and liabilities, net of acquisitions
cash and cash equivalents, beginning of period															0	0	473,000,000			0	598,700,000
cash and cash equivalents, end of period															13,000,000	13,000,000	488,000,000			-30,000,000	483,500,000		-28,600,000	-28,000,000	615,900,000							-4,312,000	249,886,000																295,103,000
loss on disposal of property, plant and equipment																										3,300,000	12,139,000	-567,000	1,028,000	-3,159,000	2,704,000	1,377,000	-24,000	274,000	1,108,000	372,000	153,000	81,000	-227,000	360,000	18,000	-1,217,000	1,384,000	273,000	147,000				14,000			-775,000	32,000	438,000	-824,000	1,272,000	226,000	502,000	567,000	85,000	37,000	-508,000	1,078,000	180,000	27,000	-352,000			-2,688,000
acquisitions of business, net of cash acquired																																																			-106,987,000	0	-115,071,000		-13,774,000				0	-20,730,000	-31,047,000		-53,285,000	0	-39,943,000										-283,000
cash and cash equivalents, beginning of year																																																	285,760,000
cash and cash equivalents, end of year
adjustments to reconcile net income to cash from operating activities:
proceeds from disposal of assets and businesses																			100,000	2,300,000	5,900,000
proceeds from debt																			1,320,200,000	1,573,400,000	1,435,000,000		843,000,000	1,111,500,000	981,500,000		629,566,000	589,413,000	1,736,521,000		2,898,295,000	285,280,000	306,610,000	333,267,000	138,438,000	286,762,000	458,273,000	1,529,000,000	116,000,000	35,000,000	195,000,000	397,100,000	216,000,000	62,600,000	111,700,000	130,000,000	166,500,000	216,900,000	50,000,000	90,529,000	623,738,000	40,900,000	203,900,000	22,400,000	38,600,000	94,300,000	78,100,000	133,000,000	45,000,000	34,000,000	45,000,000	47,000,000	35,000,000	55,400,000	111,000,000	21,500,000	104,000,000	66,000,000	6,000,000
adjustments to reconcile net income to cash from operations:
other
cash, cash equivalents, and restricted cash, beginning of period																							0	0	604,200,000
proceeds from exercise of stock options and other benefit plans																										100,000	-75,000	750,000	25,000	-3,176,000	6,271,000	3,994,000	2,873,000	1,540,000	209,000	1,420,000	1,259,000	210,000	1,122,000	136,000	515,000	389,000	1,299,000	1,012,000	397,000	293,000			879,000	429,000	2,087,000	1,060,000	1,589,000	1,410,000	1,556,000	459,000	1,006,000	322,000	409,000	2,984,000	1,184,000	209,000	400,000	1,051,000	1,596,000	1,795,000	614,000
cash, cash equivalents, and restricted cash, end of period
cash, cash equivalents and restricted cash beginning of period																												0	2,342,354,000
cash and cash equivalents end of period																												-51,499,000	512,870,000
cash dividends (0.12 and 0.12 per share for the three months
ended march 31, 2019 and 2018, respectively)																													-11,687,000
in thousands, except per share data
stock re-purchase																																																	-2,151,000
cash dividends (0.48, 0.44 and 0.36 per share for the years
ended december 31, 2018, 2017 and 2016)
cash dividends (0.36 and 0.20 per share for the nine months
ended september 30, 2018 and 2017, respectively)
cash dividends (0.24 and 0.20 per share for the six months
ended june 30, 2018 and 2017, respectively)
cash dividends (0.12 and 0.10 per share for the three months
ended march 31, 2018 and 2017, respectively)																																	-11,531,000
deposit in escrow																																										6,186,000
cash dividends (0.44, 0.36 and 0.28 per share for the years
ended december 31, 2017, 2016 and 2015)
cash, beginning of year																																														0	0			0	0	0	215,766,000	0	0	0	285,615,000	0	0	0	236,941,000	0	0	0	188,659,000	0	0	0	141,805,000	0	0	0	234,689,000	0	0	0	187,979,000	0	0	0	141,365,000	0	0	0	95,257,000	0	0	0	70,328,000
cash, end of year
excess income tax benefits from exercise of stock options																																						-777,000				99,000	-1,295,000	-1,074,000	-314,000	-281,000	-1,458,000	-639,000	-642,000	5,179,000	-5,283,000	-2,870,000	-1,292,000	-607,000	-1,793,000	-18,000	-707,000	-726,000	0	-2,973,000	-716,000	-197,000	-307,000	-692,000	-1,374,000	-1,425,000	-320,000			-279,000	-455,000	-1,071,000	-117,000	-113,000	-583,000	-797,000	-605,000	7,000	-174,000	-2,451,000	-1,764,000
release of deposit in escrow																																			0	0	23,548,000
purchase of treasury stock																																							-78,438,000	0	-133,738,000						-10,135,000
excess income tax benefits from exercise of equity options
cash dividends (0.32 and 0.26 per share for the nine months
ended september 30, 2017 and 2016, respectively)
cash, beginning of period																																			0	0	398,484,000		0	0	226,191,000		0	0	425,849,000
cash, end of period																																			-100,442,000	48,343,000	280,179,000		-52,553,000	40,161,000	262,774,000		-56,603,000	15,709,000	249,135,000		-13,366,000				66,502,000	-10,833,000	225,338,000		47,950,000	-35,199,000	269,304,000		-339,000	20,788,000	200,687,000		10,299,000	-12,391,000	178,900,000		133,852,000	23,241,000	98,092,000		-55,290,000	66,847,000	174,833,000		16,800,000	-65,253,000	206,479,000		8,678,000	47,451,000	191,456,000		19,240,000	18,702,000	68,150,000		2,467,000	36,764,000	58,065,000
cash dividends (0.20 and 0.16 per share for the six months
ended june 30, 2017 and 2016, respectively)
in thousands
balance at december 31, 2016
other comprehensive income before reclassifications																																															-60,964,000
amounts reclassified from accumulated other
comprehensive income
net current period other comprehensive income																																															-60,964,000
balance at june 30, 2017
cash dividends (0.10 and 0.08 per share for the three months
ended march 31, 2017 and 2016, respectively)																																					-9,572,000
earn-out settlement																																														0	0	0	-4,429,000
cash dividends (0.36, 0.28 and 0.20 per share for the years
ended december 31, 2016, 2015 and 2014)
net income attributable to wabtec shareholders																																							82,428,000	90,485,000	94,163,000	101,779,000	99,181,000	101,504,000	96,164,000	92,686,000	90,155,000	88,705,000	80,134,000	74,041,000	73,943,000	74,638,000	69,613,000	64,765,000	62,994,000	64,712,000	59,261,000	46,263,000	46,600,000	36,334,000	40,952,000	30,980,000	30,544,000	31,211,000	30,364,000	24,205,000	27,348,000
cash dividends (0.26 and 0.20 per share for the nine months
ended september 30, 2016 and 2015, respectively)
cash dividends (0.16 and 0.12 per share for the six months
ended june 30, 2016 and 2015, respectively)
cash dividends (0.08 and 0.06 per share for the three months
ended march 31, 2016 and 2015, respectively)																																									-7,355,000
cash dividends (0.28, 0.20 and 0.13 per share for the years
ended december 31, 2015, 2014 and 2013)
cash dividends (0.20 and 0.14 per share for the nine months
ended september 30, 2015 and 2014, respectively)
cash dividends (0.12 and 0.08 per share for the six months
ended june 30, 2015 and 2014, respectively)
cash dividends (0.06 and 0.04 per share for the three months
ended march 31, 2015 and 2014, respectively)																																													-5,780,000
gain on disposal of property, plant and equipment																																														698,000	8,000
cash dividends (0.20, 0.13 and 0.08 per share for the years
ended december 31, 2014, 2013 and 2012
cash dividends (0.14 and 0.09 per share for the nine months
ended september 30, 2014 and 2013, respectively)
balance at december 31, 2013																																															0
balance at september 30, 2014
proceeds from exercise of stock options and other benefit plan
cash dividends (0.04 and 0.025 per share for the six months
ended june 30, 2014 and 2013, respectively)
balance at june 30, 2014
cash dividends (0.13, 0.08 and 0.04 per share for years ended
december 31, 2013, 2012 and 2011
(gain) loss on disposal of property, plant and equipment
accounts receivable																																																			-64,020,000	-60,621,000	-42,534,000	48,454,000	15,649,000	-39,642,000	-47,437,000	11,588,000	-14,706,000	-29,633,000	-35,946,000	11,776,000	20,232,000	-31,407,000	-34,856,000	28,493,000	24,368,000	17,051,000	10,629,000	50,969,000	-13,388,000	3,121,000	-61,543,000	-8,088,000	-11,215,000	7,148,000	-19,413,000	-8,232,000	14,025,000	1,886,000	37,990,000	-28,763,000	-5,838,000	-5,896,000	-13,083,000	-7,511,000	-5,289,000	-1,054,000	-990,000
stock repurchase																																																						-18,559,000	-6,070,000			-2,219,000	-17,616,000			0	-2,070,000	-3,215,000	-3,096,000	0	0	-12,382,000	-7,272,000	-21,143,000	0	-187,000	-24,466,000	-13,072,000	-1,395,000
balance at december 31, 2012
amounts reclassified from accumulated other comprehensive income
balance at september 30, 2013
acquisition purchase price adjustment																																																											0	5,000	35,000		0	0	2,368,000		-28,000
acquisition purchase price adjustments
discontinued operations																																																																						0	0	0	-38,000	223,000	-569,000	49,000	65,000	2,603,000	-24,000	-809,000	-345,000	-405,000								0
debt financing costs
changes in operating assets and liabilities
purchase of property, plant and equipment and other																																																															-5,364,000	-3,406,000	-3,601,000		-2,137,000	-5,272,000	-3,439,000		-4,631,000	-3,961,000	-3,891,000		-4,510,000	-4,935,000	-3,407,000
net cash (used for) operating activities																																																																					-5,738,000
issuance of treasury stock for stock options and other benefit plans																																																																					-180,000
net cash (used for) financing activities																																																																					-32,990,000
proceeds from treasury stock from stock based benefit plans
sale of discontinued operations																																																																															0	967,000	2,051,000
repayments of other borrowings																																																																							-17,000	-28,000	-19,000
proceeds from the issuance of treasury stock for stock options and other benefit plans																																																																							754,000	1,392,000	285,000		961,000	2,743,000	1,567,000		3,691,000	5,883,000	4,012,000		2,531,000	12,096,000	5,029,000		3,997,000	8,807,000	693,000
repayments of credit agreements
disposals of property, plant and equipment																																																																																			0	0	975,000		424,000
acquisition of business, net of cash received																																																																																			61,000	-826,000	-35,579,000
repayments of long term debt																																																																																			-13,000
other repayments																																																																																					-17,000		-88,000	-13,000	-10,000
results of discontinued operations, net of tax																																																																																										-325,000
commitments and contingencies
borrowings of senior notes
stock issuance
cumulative effect of accounting change for goodwill, net of tax
cash received from disposition of discontinued operations
(repayments) borrowings of credit agreements
borrowings (repayments) of senior notes
repayments of loans under credit agreement
proceeds from senior note offering
accrued income taxes and income tax receivable																																																																																									-956,000
loss on sale of product line
write-down of assets
other, primarily non-cash portion of merger and restructuring charges
cash received from disposition of product line
cumulative effect of accounting change for goodwill
changes in operating assets and liabilities, net of acquisition and disposition of product line
cash paid for acquisition of product line
borrowings (repayments) of loans under credit agreement

Westinghouse Air Brake Technologies Corporation(NYSE:WAB)

Westinghouse Air Brake Technologies Corporation
(NYSE:WAB)