10 | The Deloitte M&A Index H1 2015 Corporate barometer Analysis of the S&P Global 1200 Figure 10. Company fundamentals, S&P Global 1200: 2013 v 2014 average company data: Average revenue growth fell from Average cash in hand ($bn) 2.2% in 2013 to -0.9% in 2014. 5.1 0 10 Second, average cash in hand per company 5.7 decreased from $5.7 billion as at the end of 2013 to $5.1 billion for 2014. This compares Average EPS($) with FCFF across the S&P Global 1200, which 3.3 increased from an average of $1.7 billion in 0 5.0 2013 to $1.8 billion in 2014. 3.0 Third, average dividend payments per Year-on-year average revenue growth (%) company increased from $754 million in -0.9 2013 to $779 million in 2014, continuing -2.0% 3.0% the trend of returning cash to shareholders. The average EPS also increased from $3.0 in 2.2 2013 to $3.3 in 2014. Average dividend paid ($m) Finally, average capital expenditure per 779 company fell slightly from $1.6 billion to 600 900 $1.5 billion. 754 Average capital expenditure ($bn) 1.5 0 3.0 1.6 Average free cash flow for the firm (FCFF) ($bn) 1.8 0 3.0 1.7 2014 average 2013 average Source: Deloitte analysis based on data from Bloomberg