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ABB Ltd
Buy, Hold or Sell?

Let's analyze ABB Ltd together

I guess you are interested in ABB Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of ABB Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of ABB Ltd (30 sec.)










1.2. What can you expect buying and holding a share of ABB Ltd? (30 sec.)

How much money do you get?

How much money do you get?
$0.96
When do you have the money?
1 year
How often do you get paid?
92.5%

What is your share worth?

Current worth
$7.97
Expected worth in 1 year
$8.53
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
$1.51
Return On Investment
2.6%

For what price can you sell your share?

Current Price per Share
$57.02
Expected price per share
$50.65 - $59.67
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of ABB Ltd (5 min.)




Live pricePrice per Share (EOD)
$57.02
Intrinsic Value Per Share
$11.69 - $19.98
Total Value Per Share
$19.67 - $27.96

2.2. Growth of ABB Ltd (5 min.)




Is ABB Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$14.7b$13.3b$764.7m5.4%

How much money is ABB Ltd making?

Current yearPrevious yearGrowGrow %
Making money$967.2m$989m-$21.7m-2.2%
Net Profit Margin11.8%12.5%--

How much money comes from the company's main activities?

2.3. Financial Health of ABB Ltd (5 min.)




2.4. Comparing to competitors in the Electrical Equipment & Parts industry (5 min.)




  Industry Rankings (Electrical Equipment & Parts)  


Richest
#3 / 447

Most Revenue
#4 / 447

Most Profit
#3 / 447
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of ABB Ltd?

Welcome investor! ABB Ltd's management wants to use your money to grow the business. In return you get a share of ABB Ltd.

First you should know what it really means to hold a share of ABB Ltd. And how you can make/lose money.

Speculation

The Price per Share of ABB Ltd is $57.02. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of ABB Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in ABB Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $7.97. Based on the TTM, the Book Value Change Per Share is $0.14 per quarter. Based on the YOY, the Book Value Change Per Share is $0.24 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.24 per quarter.
Based on historical numbers we can estimate the returns while holding a share of ABB Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.510.9%0.520.9%0.520.9%0.490.9%0.360.6%
Usd Book Value Change Per Share0.340.6%0.140.2%0.240.4%0.080.1%0.010.0%
Usd Dividend Per Share0.000.0%0.240.4%0.260.5%0.430.8%0.490.9%
Usd Total Gains Per Share0.340.6%0.380.7%0.490.9%0.510.9%0.500.9%
Usd Price Per Share57.92-51.08-34.98-33.29-26.82-
Price to Earnings Ratio28.30-24.47-17.00-13.15-21.34-
Price-to-Total Gains Ratio172.46-193.84-80.82-927.92-440.04-
Price to Book Ratio7.26-6.69-4.90-4.63-3.83-
Price-to-Total Gains Ratio172.46-193.84-80.82-927.92-440.04-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share57.02
Number of shares17
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.240.43
Usd Book Value Change Per Share0.140.08
Usd Total Gains Per Share0.380.51
Gains per Quarter (17 shares)6.408.71
Gains per Year (17 shares)25.6134.84
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11691630525
2321942591160
3492868891695
465389411821130
5814712014826165
6975614617732200
71146617220737235
81307519823642270
91468422426648305
101629425029653340

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%39.01.00.097.5%95.04.00.096.0%
Book Value Change Per Share3.01.00.075.0%7.05.00.058.3%12.08.00.060.0%23.017.00.057.5%58.041.00.058.6%
Dividend per Share3.00.01.075.0%11.00.01.091.7%19.00.01.095.0%37.00.03.092.5%73.00.026.073.7%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%17.03.00.085.0%32.08.00.080.0%78.021.00.078.8%
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3.2. Key Performance Indicators

The key performance indicators of ABB Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.3360.138+144%0.235+43%0.078+333%0.007+4613%
Book Value Per Share--7.9747.627+5%7.136+12%7.101+12%6.929+15%
Current Ratio--1.3461.268+6%1.166+15%1.199+12%1.287+5%
Debt To Asset Ratio--0.6370.651-2%0.664-4%0.661-4%0.660-3%
Debt To Equity Ratio--1.8411.969-6%2.074-11%2.066-11%2.037-10%
Dividend Per Share---0.239-100%0.257-100%0.435-100%0.494-100%
Enterprise Value--85883920000.00073480942000.000+17%43798003500.000+96%42249496430.000+103%31623635540.000+172%
Eps--0.5120.522-2%0.525-2%0.486+5%0.358+43%
Ev To Ebitda Ratio--13.77212.298+12%7.411+86%9.287+48%7.215+91%
Ev To Sales Ratio--2.6342.250+17%1.374+92%1.388+90%1.002+163%
Free Cash Flow Per Share--0.6210.568+9%0.309+101%0.304+104%0.292+113%
Free Cash Flow To Equity Per Share--0.306-0.006+102%-0.065+121%-0.267+187%-0.115+138%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--19.983--------
Intrinsic Value_10Y_min--11.694--------
Intrinsic Value_1Y_max--1.404--------
Intrinsic Value_1Y_min--1.176--------
Intrinsic Value_3Y_max--4.675--------
Intrinsic Value_3Y_min--3.550--------
Intrinsic Value_5Y_max--8.496--------
Intrinsic Value_5Y_min--5.925--------
Market Cap104826706575.360-2%107209920000.00094624442000.000+13%65523753500.000+64%64643846430.000+66%54374910540.000+97%
Net Profit Margin--0.1160.118-2%0.125-7%0.131-11%0.095+22%
Operating Margin--0.1670.130+28%0.179-6%0.154+9%0.125+34%
Operating Ratio--0.8390.998-16%0.845-1%0.896-6%0.904-7%
Pb Ratio7.151-2%7.2646.686+9%4.902+48%4.634+57%3.826+90%
Pe Ratio27.863-2%28.30324.471+16%16.999+66%13.151+115%21.339+33%
Price Per Share57.020-2%57.92051.077+13%34.985+66%33.291+74%26.825+116%
Price To Free Cash Flow Ratio22.964-2%23.32726.137-11%50.524-54%27.451-15%19.441+20%
Price To Total Gains Ratio169.784-2%172.464193.836-11%80.823+113%927.918-81%440.041-61%
Quick Ratio--0.9441.031-8%0.805+17%0.857+10%0.922+2%
Return On Assets--0.0230.024-3%0.025-6%0.023+0%0.017+33%
Return On Equity--0.0670.072-7%0.078-13%0.068-1%0.052+30%
Total Gains Per Share--0.3360.377-11%0.492-32%0.512-34%0.501-33%
Usd Book Value--14760000000.00014130750000.000+4%13366000000.000+10%13941050000.000+6%14298950000.000+3%
Usd Book Value Change Per Share--0.3360.138+144%0.235+43%0.078+333%0.007+4613%
Usd Book Value Per Share--7.9747.627+5%7.136+12%7.101+12%6.929+15%
Usd Dividend Per Share---0.239-100%0.257-100%0.435-100%0.494-100%
Usd Enterprise Value--85883920000.00073480942000.000+17%43798003500.000+96%42249496430.000+103%31623635540.000+172%
Usd Eps--0.5120.522-2%0.525-2%0.486+5%0.358+43%
Usd Free Cash Flow--1149000000.0001052250000.000+9%578750000.000+99%590350000.000+95%599100000.000+92%
Usd Free Cash Flow Per Share--0.6210.568+9%0.309+101%0.304+104%0.292+113%
Usd Free Cash Flow To Equity Per Share--0.306-0.006+102%-0.065+121%-0.267+187%-0.115+138%
Usd Market Cap104826706575.360-2%107209920000.00094624442000.000+13%65523753500.000+64%64643846430.000+66%54374910540.000+97%
Usd Price Per Share57.020-2%57.92051.077+13%34.985+66%33.291+74%26.825+116%
Usd Profit--947000000.000967250000.000-2%989000000.000-4%959250000.000-1%729925000.000+30%
Usd Revenue--8151000000.0008163750000.0000%7953500000.000+2%7411900000.000+10%7932075000.000+3%
Usd Total Gains Per Share--0.3360.377-11%0.492-32%0.512-34%0.501-33%
 EOD+4 -4MRQTTM+23 -16YOY+25 -145Y+28 -1110Y+30 -9

3.3 Fundamental Score

Let's check the fundamental score of ABB Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1527.863
Price to Book Ratio (EOD)Between0-17.151
Net Profit Margin (MRQ)Greater than00.116
Operating Margin (MRQ)Greater than00.167
Quick Ratio (MRQ)Greater than10.944
Current Ratio (MRQ)Greater than11.346
Debt to Asset Ratio (MRQ)Less than10.637
Debt to Equity Ratio (MRQ)Less than11.841
Return on Equity (MRQ)Greater than0.150.067
Return on Assets (MRQ)Greater than0.050.023
Total4/10 (40.0%)

3.4 Technical Score

Let's check the technical score of ABB Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.711
Ma 20Greater thanMa 5055.925
Ma 50Greater thanMa 10055.851
Ma 100Greater thanMa 20056.369
OpenGreater thanClose57.010
Total3/5 (60.0%)

4. In-depth Analysis

4.1 About ABB Ltd

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions. The company's Motion segment designs, manufactures, and sells drives, motors, generators, and traction converters that are driving the low-carbon future for industries, cities, infrastructure, and transportation. The company's Process Automation segment provides control technologies, industrial software, advanced analytics, sensing and measurement technology, and marine propulsion systems; and repair, remote monitoring, preventive maintenance, asset performance management, emission monitoring, and cybersecurity services. The company's Robotics & Discrete Automation segment offers industrial and collaborative robots, autonomous mobile robotics, mapping and navigation solutions, robotic solutions, field services, spare parts, and digital services. This segment also provides solutions based on its programmable logic controllers, industrial PCs, servo motion, transport systems, and machine vision. It serves oil, gas, chemicals, mining, metals, cement, pulp and paper, pharmaceuticals, battery manufacturing, food and beverage, power generation, water, marine, and ports industries. The company was founded in 1883 and is headquartered in Zurich, Switzerland.

Fundamental data was last updated by Penke on 2025-02-07 12:06:06.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit ABB Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare ABB Ltd to the Electrical Equipment & Parts industry mean.
  • A Net Profit Margin of 11.6% means that $0.12 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of ABB Ltd:

  • The MRQ is 11.6%. The company is making a huge profit. +2
  • The TTM is 11.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ11.6%TTM11.8%-0.2%
TTM11.8%YOY12.5%-0.6%
TTM11.8%5Y13.1%-1.2%
5Y13.1%10Y9.5%+3.6%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ11.6%3.8%+7.8%
TTM11.8%3.4%+8.4%
YOY12.5%3.8%+8.7%
5Y13.1%3.3%+9.8%
10Y9.5%3.6%+5.9%
4.3.1.2. Return on Assets

Shows how efficient ABB Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare ABB Ltd to the Electrical Equipment & Parts industry mean.
  • 2.3% Return on Assets means that ABB Ltd generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of ABB Ltd:

  • The MRQ is 2.3%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.3%TTM2.4%-0.1%
TTM2.4%YOY2.5%-0.1%
TTM2.4%5Y2.3%+0.1%
5Y2.3%10Y1.7%+0.6%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.3%0.8%+1.5%
TTM2.4%0.8%+1.6%
YOY2.5%1.0%+1.5%
5Y2.3%0.9%+1.4%
10Y1.7%1.1%+0.6%
4.3.1.3. Return on Equity

Shows how efficient ABB Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare ABB Ltd to the Electrical Equipment & Parts industry mean.
  • 6.7% Return on Equity means ABB Ltd generated $0.07 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of ABB Ltd:

  • The MRQ is 6.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.2%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.7%TTM7.2%-0.5%
TTM7.2%YOY7.8%-0.6%
TTM7.2%5Y6.8%+0.4%
5Y6.8%10Y5.2%+1.6%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ6.7%1.8%+4.9%
TTM7.2%1.6%+5.6%
YOY7.8%1.9%+5.9%
5Y6.8%1.8%+5.0%
10Y5.2%2.0%+3.2%
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4.3.2. Operating Efficiency of ABB Ltd.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient ABB Ltd is operating .

  • Measures how much profit ABB Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare ABB Ltd to the Electrical Equipment & Parts industry mean.
  • An Operating Margin of 16.7% means the company generated $0.17  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of ABB Ltd:

  • The MRQ is 16.7%. The company is operating efficient. +1
  • The TTM is 13.0%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ16.7%TTM13.0%+3.7%
TTM13.0%YOY17.9%-4.9%
TTM13.0%5Y15.4%-2.4%
5Y15.4%10Y12.5%+2.9%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ16.7%6.1%+10.6%
TTM13.0%4.2%+8.8%
YOY17.9%4.4%+13.5%
5Y15.4%4.2%+11.2%
10Y12.5%4.1%+8.4%
4.3.2.2. Operating Ratio

Measures how efficient ABB Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • An Operation Ratio of 0.84 means that the operating costs are $0.84 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of ABB Ltd:

  • The MRQ is 0.839. The company is less efficient in keeping operating costs low.
  • The TTM is 0.998. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.839TTM0.998-0.158
TTM0.998YOY0.845+0.153
TTM0.9985Y0.896+0.102
5Y0.89610Y0.904-0.008
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8391.585-0.746
TTM0.9981.513-0.515
YOY0.8451.500-0.655
5Y0.8961.501-0.605
10Y0.9041.283-0.379
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4.4.3. Liquidity of ABB Ltd.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if ABB Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A Current Ratio of 1.35 means the company has $1.35 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of ABB Ltd:

  • The MRQ is 1.346. The company is just able to pay all its short-term debts.
  • The TTM is 1.268. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.346TTM1.268+0.078
TTM1.268YOY1.166+0.101
TTM1.2685Y1.199+0.068
5Y1.19910Y1.287-0.088
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3461.848-0.502
TTM1.2681.903-0.635
YOY1.1661.882-0.716
5Y1.1991.954-0.755
10Y1.2871.823-0.536
4.4.3.2. Quick Ratio

Measures if ABB Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare ABB Ltd to the Electrical Equipment & Parts industry mean.
  • A Quick Ratio of 0.94 means the company can pay off $0.94 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of ABB Ltd:

  • The MRQ is 0.944. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 1.031. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ0.944TTM1.031-0.086
TTM1.031YOY0.805+0.225
TTM1.0315Y0.857+0.173
5Y0.85710Y0.922-0.065
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9440.889+0.055
TTM1.0310.953+0.078
YOY0.8051.043-0.238
5Y0.8571.112-0.255
10Y0.9221.155-0.233
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4.5.4. Solvency of ABB Ltd.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of ABB Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare ABB Ltd to Electrical Equipment & Parts industry mean.
  • A Debt to Asset Ratio of 0.64 means that ABB Ltd assets are financed with 63.7% credit (debt) and the remaining percentage (100% - 63.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of ABB Ltd:

  • The MRQ is 0.637. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.651. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.637TTM0.651-0.014
TTM0.651YOY0.664-0.013
TTM0.6515Y0.661-0.010
5Y0.66110Y0.660+0.002
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6370.448+0.189
TTM0.6510.442+0.209
YOY0.6640.449+0.215
5Y0.6610.444+0.217
10Y0.6600.427+0.233
4.5.4.2. Debt to Equity Ratio

Measures if ABB Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare ABB Ltd to the Electrical Equipment & Parts industry mean.
  • A Debt to Equity ratio of 184.1% means that company has $1.84 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of ABB Ltd:

  • The MRQ is 1.841. The company is just able to pay all its debts with equity.
  • The TTM is 1.969. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.841TTM1.969-0.128
TTM1.969YOY2.074-0.105
TTM1.9695Y2.066-0.098
5Y2.06610Y2.037+0.029
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8410.815+1.026
TTM1.9690.810+1.159
YOY2.0740.823+1.251
5Y2.0660.824+1.242
10Y2.0370.837+1.200
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings ABB Ltd generates.

  • Above 15 is considered overpriced but always compare ABB Ltd to the Electrical Equipment & Parts industry mean.
  • A PE ratio of 28.30 means the investor is paying $28.30 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of ABB Ltd:

  • The EOD is 27.863. Based on the earnings, the company is overpriced. -1
  • The MRQ is 28.303. Based on the earnings, the company is overpriced. -1
  • The TTM is 24.471. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD27.863MRQ28.303-0.440
MRQ28.303TTM24.471+3.832
TTM24.471YOY16.999+7.472
TTM24.4715Y13.151+11.320
5Y13.15110Y21.339-8.189
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD27.86316.636+11.227
MRQ28.30316.874+11.429
TTM24.47116.111+8.360
YOY16.99915.013+1.986
5Y13.15119.612-6.461
10Y21.33923.888-2.549
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of ABB Ltd:

  • The EOD is 22.964. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 23.327. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 26.137. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD22.964MRQ23.327-0.362
MRQ23.327TTM26.137-2.810
TTM26.137YOY50.524-24.387
TTM26.1375Y27.451-1.314
5Y27.45110Y19.441+8.010
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD22.9642.822+20.142
MRQ23.3272.939+20.388
TTM26.137-0.470+26.607
YOY50.5240.351+50.173
5Y27.4510.322+27.129
10Y19.4410.837+18.604
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of ABB Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A PB ratio of 7.26 means the investor is paying $7.26 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of ABB Ltd:

  • The EOD is 7.151. Based on the equity, the company is overpriced. -1
  • The MRQ is 7.264. Based on the equity, the company is overpriced. -1
  • The TTM is 6.686. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD7.151MRQ7.264-0.113
MRQ7.264TTM6.686+0.577
TTM6.686YOY4.902+1.785
TTM6.6865Y4.634+2.052
5Y4.63410Y3.826+0.808
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD7.1512.070+5.081
MRQ7.2642.081+5.183
TTM6.6862.103+4.583
YOY4.9022.277+2.625
5Y4.6342.502+2.132
10Y3.8262.985+0.841
4.6.2. Total Gains per Share

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of ABB Ltd.

4.8.1. Institutions holding ABB Ltd

Institutions are holding 0.91% of the shares of ABB Ltd.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-03-31Fisher Asset Management, LLC1.11830.43220798016-66265-0.3176
2023-03-31Capital Research & Mgmt Co - Division 30.95370.155617736453-698399-3.7885
2023-03-31Bank of America Corp0.28540.01875307437-689114-11.4918
2023-03-31Morgan Stanley - Brokerage Accounts0.28510.01955301521-14749-0.2774
2023-03-31Northern Trust Corp0.1760.0223327355987330.2675
2023-03-31Lazard Asset Management LLC0.16710.13973107826-58884-1.8595
2023-03-31Chevy Chase Trust Holdings, Inc.0.15830.3997294452458367324.723
2023-03-31Goldman Sachs Group Inc0.13570.018525233922003128.6227
2023-03-31Royal Bank of Canada0.13010.02352419387-219682-8.3242
2023-03-31First Trust Advisors L.P.0.11930.08792218491-151920-6.409
2023-03-31Wells Fargo & Co0.10570.01941964946-141119-6.7006
2023-03-31FMR Inc0.09130.00531698466285951.7124
2023-03-31Millennium Management LLC0.08650.031716089561012402169.7084
2023-03-31BlackRock Inc0.07390.00141374555972607.6145
2023-03-31UBS Group AG0.05840.01361086540724697.1463
2023-03-31Folketrygdfondet0.05480.8302101964482070.8114
2023-03-31Grandfield & Dodd, LLC0.04942.20039178266620.0722
2023-03-31Northeast Investment Management0.04021.5553747242-1644-0.2195
2023-03-31Stifel Financial Corp0.04020.0367746767148482.0286
2023-03-31Rockefeller Capital Management L.P.0.03640.0999677095400096.28
Total 4.16586.111277472643+25394+0.0%

4.9.2. Funds holding ABB Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-03-31Capital Group Wash Mutual Invtrs Comp0.60850.256711317093-696649-5.7988
2023-03-31American Funds Washington Mutual A0.60850.256711317093-696649-5.7988
2023-03-31American Funds® IS Washington Mut Inv 20.03820.2557710074-43772-5.8065
2023-03-31Touchstone Non-US ESG Equity A0.02172.631440341400
2023-03-31Buffalo International0.0121.257522250000
2023-03-31Chevy Chase Global Thematic Equity0.00992.27251836331836330
2023-03-31Invesco Diversified Yield Cl Ser PT60.00831.413715521000
2023-03-31Shelton Sustainable Equity Investor0.00722.24211335004000042.7807
2023-03-31Invesco Canadian Plus Div Cl Ser F0.00622.15311507000
2023-03-31Lazard International Equity Select ADR0.0061.814111234800
2022-11-30Fonditalia Quality Innv Sus T EUR Acc0.00582.412810736291053558.2991
2023-06-30Manning & Napier Disciplined Value - Unr0.00540.7091010921010920
2023-03-31Buffalo Flexible Income0.00540.730610000000
2023-06-30Exemplar Growth and Income Ser F0.00540.829110000000
2023-06-30Avantis® International Equity ETF0.00510.1199955007500.7916
2023-03-31Capital Group Washington Mut Inv Tr U00.00430.256780730-1395-1.6986
2023-05-31Horizons Robotics and Automation ETF0.00427.70357791813771.799
2023-05-31Fidelity® International Enhanced Index0.00360.15186751452467348.6874
2023-06-30Azzad International0.00342.23646367417682.8559
2023-05-31Praxis International Index I0.00320.58775866700
Total 1.372330.290925522392-966325-3.8%
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5. Financial Statements




5.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2023-09-302023-12-312024-03-312024-06-302024-09-30
Minority Interest  -16,000-1,000-17,0009,000-8,0002,000-6,00011,0005,000



5.2. Latest Balance Sheet

Balance Sheet of 2024-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets40,684,000
Total Liabilities25,924,000
Total Stockholder Equity14,082,000
 As reported
Total Liabilities 25,924,000
Total Stockholder Equity+ 14,082,000
Total Assets = 40,684,000

Assets

Total Assets40,684,000
Total Current Assets20,832,000
Long-term Assets19,852,000
Total Current Assets
Cash And Cash Equivalents 3,264,000
Short-term Investments 1,334,000
Net Receivables 8,684,000
Inventory 6,556,000
Other Current Assets 975,000
Total Current Assets  (as reported)20,832,000
Total Current Assets  (calculated)20,813,000
+/- 19,000
Long-term Assets
Property Plant Equipment 5,121,000
Goodwill 10,582,000
Intangible Assets 1,036,000
Long-term Assets Other 2,726,000
Long-term Assets  (as reported)19,852,000
Long-term Assets  (calculated)19,465,000
+/- 387,000

Liabilities & Shareholders' Equity

Total Current Liabilities15,477,000
Long-term Liabilities10,447,000
Total Stockholder Equity14,082,000
Total Current Liabilities
Short-term Debt 369,000
Short Long Term Debt 109,000
Accounts payable 5,167,000
Other Current Liabilities 6,860,000
Total Current Liabilities  (as reported)15,477,000
Total Current Liabilities  (calculated)12,505,000
+/- 2,972,000
Long-term Liabilities
Long term Debt 6,666,000
Capital Lease Obligations 895,000
Long-term Liabilities Other 1,722,000
Long-term Liabilities  (as reported)10,447,000
Long-term Liabilities  (calculated)9,283,000
+/- 1,164,000
Total Stockholder Equity
Common Stock162,000
Retained Earnings 19,730,000
Other Stockholders Equity -5,810,000
Total Stockholder Equity (as reported)14,082,000
Total Stockholder Equity (calculated)14,082,000
+/-0
Other
Capital Stock162,000
Cash and Short Term Investments 4,598,000
Common Stock Shares Outstanding 1,851,000
Current Deferred Revenue3,081,000
Liabilities and Stockholders Equity 40,684,000
Net Debt 4,406,000
Net Invested Capital 20,857,000
Net Working Capital 5,355,000
Property Plant and Equipment Gross 5,121,000
Short Long Term Debt Total 7,670,000



5.3. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-31
> Total Assets 
29,183,000
28,827,000
28,400,000
30,962,000
32,384,000
32,730,000
33,709,000
32,344,000
33,039,000
33,571,000
31,927,000
29,533,000
28,272,000
28,788,000
28,549,000
30,413,000
28,264,000
24,765,000
23,809,000
24,677,000
23,553,000
23,034,000
23,119,000
22,276,000
23,099,000
23,539,000
24,177,000
25,142,000
26,251,000
26,908,000
29,021,000
31,001,000
33,493,000
34,155,000
32,523,000
33,181,000
32,026,000
33,859,000
34,426,000
34,728,000
34,328,000
33,778,000
35,299,000
36,295,000
37,939,000
39,869,000
40,252,000
39,648,000
43,008,000
45,343,000
46,943,000
49,070,000
47,701,000
45,513,000
47,426,000
48,064,000
48,793,000
47,075,000
45,778,000
44,878,000
43,135,000
42,693,000
41,768,000
41,356,000
41,814,000
42,003,000
40,809,000
39,538,000
40,306,000
40,478,000
42,407,000
43,262,000
43,569,000
45,191,000
44,652,000
44,441,000
45,602,000
45,464,000
44,556,000
46,108,000
48,103,000
46,903,000
44,267,000
41,088,000
40,220,000
39,421,000
39,828,000
40,260,000
42,271,000
38,898,000
38,433,000
39,148,000
40,039,000
39,856,000
40,099,000
40,940,000
41,112,000
39,281,000
40,684,000
40,684,00039,281,00041,112,00040,940,00040,099,00039,856,00040,039,00039,148,00038,433,00038,898,00042,271,00040,260,00039,828,00039,421,00040,220,00041,088,00044,267,00046,903,00048,103,00046,108,00044,556,00045,464,00045,602,00044,441,00044,652,00045,191,00043,569,00043,262,00042,407,00040,478,00040,306,00039,538,00040,809,00042,003,00041,814,00041,356,00041,768,00042,693,00043,135,00044,878,00045,778,00047,075,00048,793,00048,064,00047,426,00045,513,00047,701,00049,070,00046,943,00045,343,00043,008,00039,648,00040,252,00039,869,00037,939,00036,295,00035,299,00033,778,00034,328,00034,728,00034,426,00033,859,00032,026,00033,181,00032,523,00034,155,00033,493,00031,001,00029,021,00026,908,00026,251,00025,142,00024,177,00023,539,00023,099,00022,276,00023,119,00023,034,00023,553,00024,677,00023,809,00024,765,00028,264,00030,413,00028,549,00028,788,00028,272,00029,533,00031,927,00033,571,00033,039,00032,344,00033,709,00032,730,00032,384,00030,962,00028,400,00028,827,00029,183,000
   > Total Current Assets 
0
0
0
0
20,156,000
20,013,000
20,318,000
19,514,000
20,034,000
19,967,000
21,209,000
19,955,000
18,779,000
19,717,000
19,346,000
21,513,000
19,588,000
16,254,000
15,489,000
15,350,000
14,600,000
14,515,000
14,961,000
14,148,000
14,997,000
15,332,000
16,056,000
17,177,000
18,635,000
19,722,000
21,773,000
23,145,000
25,227,000
25,935,000
24,071,000
24,347,000
23,323,000
24,753,000
24,950,000
25,229,000
25,021,000
23,516,000
24,331,000
25,348,000
23,081,000
24,535,000
24,670,000
23,787,000
26,760,000
24,354,000
25,614,000
28,002,000
26,946,000
25,069,000
25,920,000
26,425,000
27,510,000
26,384,000
25,814,000
24,986,000
23,999,000
23,600,000
23,067,000
22,760,000
23,083,000
23,470,000
22,902,000
21,997,000
22,207,000
22,089,000
21,595,000
21,939,000
22,311,000
22,343,000
21,955,000
21,865,000
21,807,000
25,321,000
24,964,000
26,458,000
29,031,000
27,687,000
22,911,000
19,226,000
18,723,000
17,878,000
18,993,000
18,695,000
20,474,000
17,758,000
17,862,000
19,570,000
20,692,000
20,492,000
20,836,000
21,277,000
21,784,000
19,841,000
20,832,000
20,832,00019,841,00021,784,00021,277,00020,836,00020,492,00020,692,00019,570,00017,862,00017,758,00020,474,00018,695,00018,993,00017,878,00018,723,00019,226,00022,911,00027,687,00029,031,00026,458,00024,964,00025,321,00021,807,00021,865,00021,955,00022,343,00022,311,00021,939,00021,595,00022,089,00022,207,00021,997,00022,902,00023,470,00023,083,00022,760,00023,067,00023,600,00023,999,00024,986,00025,814,00026,384,00027,510,00026,425,00025,920,00025,069,00026,946,00028,002,00025,614,00024,354,00026,760,00023,787,00024,670,00024,535,00023,081,00025,348,00024,331,00023,516,00025,021,00025,229,00024,950,00024,753,00023,323,00024,347,00024,071,00025,935,00025,227,00023,145,00021,773,00019,722,00018,635,00017,177,00016,056,00015,332,00014,997,00014,148,00014,961,00014,515,00014,600,00015,350,00015,489,00016,254,00019,588,00021,513,00019,346,00019,717,00018,779,00019,955,00021,209,00019,967,00020,034,00019,514,00020,318,00020,013,00020,156,0000000
       Cash And Cash Equivalents 
0
0
0
1,397,000
1,860,000
1,955,000
2,232,000
2,767,000
3,992,000
2,383,000
1,943,000
2,478,000
1,772,000
2,025,000
2,184,000
4,669,000
2,583,000
2,914,000
2,851,000
3,676,000
2,614,000
3,188,000
2,989,000
3,226,000
3,066,000
3,128,000
3,189,000
4,262,000
4,366,000
4,428,000
4,653,000
4,650,000
6,497,000
8,087,000
5,347,000
6,399,000
6,550,000
6,822,000
5,502,000
7,119,000
7,408,000
6,536,000
5,269,000
5,897,000
3,649,000
4,552,000
4,996,000
4,819,000
5,751,000
4,773,000
4,683,000
6,875,000
5,455,000
4,148,000
4,296,000
6,021,000
6,402,000
4,949,000
4,633,000
5,443,000
4,471,000
3,954,000
3,970,000
4,565,000
3,966,000
4,085,000
3,538,000
3,719,000
5,562,000
5,018,000
3,649,000
4,526,000
4,162,000
3,283,000
2,604,000
3,445,000
2,734,000
2,512,000
2,579,000
3,544,000
5,971,000
2,518,000
3,178,000
3,278,000
3,466,000
2,860,000
3,709,000
4,159,000
5,216,000
2,412,000
2,365,000
4,156,000
3,438,000
2,923,000
3,869,000
1,467,000
1,303,000
1,617,000
3,264,000
3,264,0001,617,0001,303,0001,467,0003,869,0002,923,0003,438,0004,156,0002,365,0002,412,0005,216,0004,159,0003,709,0002,860,0003,466,0003,278,0003,178,0002,518,0005,971,0003,544,0002,579,0002,512,0002,734,0003,445,0002,604,0003,283,0004,162,0004,526,0003,649,0005,018,0005,562,0003,719,0003,538,0004,085,0003,966,0004,565,0003,970,0003,954,0004,471,0005,443,0004,633,0004,949,0006,402,0006,021,0004,296,0004,148,0005,455,0006,875,0004,683,0004,773,0005,751,0004,819,0004,996,0004,552,0003,649,0005,897,0005,269,0006,536,0007,408,0007,119,0005,502,0006,822,0006,550,0006,399,0005,347,0008,087,0006,497,0004,650,0004,653,0004,428,0004,366,0004,262,0003,189,0003,128,0003,066,0003,226,0002,989,0003,188,0002,614,0003,676,0002,851,0002,914,0002,583,0004,669,0002,184,0002,025,0001,772,0002,478,0001,943,0002,383,0003,992,0002,767,0002,232,0001,955,0001,860,0001,397,000000
       Short-term Investments 
0
0
0
4,209,000
3,781,000
3,551,000
3,153,000
2,946,000
2,591,000
2,225,000
1,912,000
2,135,000
2,042,000
2,088,000
2,079,000
473,000
1,237,000
491,000
745,000
524,000
1,037,000
387,000
639,000
368,000
641,000
441,000
699,000
528,000
685,000
613,000
1,289,000
3,460,000
1,865,000
513,000
1,842,000
1,407,000
577,000
1,316,000
2,779,000
2,433,000
2,005,000
1,478,000
2,353,000
2,713,000
862,000
359,000
598,000
948,000
1,837,000
375,000
742,000
1,606,000
1,591,000
543,000
380,000
464,000
865,000
963,000
1,583,000
1,325,000
1,684,000
1,233,000
1,264,000
1,633,000
2,095,000
2,272,000
1,827,000
1,953,000
1,224,000
909,000
998,000
1,102,000
740,000
794,000
953,000
712,000
833,000
716,000
569,000
566,000
551,000
1,878,000
5,270,000
2,108,000
1,884,000
1,002,000
746,000
1,170,000
967,000
945,000
793,000
725,000
1,380,000
1,193,000
1,091,000
4,370,000
4,914,000
2,651,000
1,334,000
1,334,0002,651,0004,914,0004,370,0001,091,0001,193,0001,380,000725,000793,000945,000967,0001,170,000746,0001,002,0001,884,0002,108,0005,270,0001,878,000551,000566,000569,000716,000833,000712,000953,000794,000740,0001,102,000998,000909,0001,224,0001,953,0001,827,0002,272,0002,095,0001,633,0001,264,0001,233,0001,684,0001,325,0001,583,000963,000865,000464,000380,000543,0001,591,0001,606,000742,000375,0001,837,000948,000598,000359,000862,0002,713,0002,353,0001,478,0002,005,0002,433,0002,779,0001,316,000577,0001,407,0001,842,000513,0001,865,0003,460,0001,289,000613,000685,000528,000699,000441,000641,000368,000639,000387,0001,037,000524,000745,000491,0001,237,000473,0002,079,0002,088,0002,042,0002,135,0001,912,0002,225,0002,591,0002,946,0003,153,0003,551,0003,781,0004,209,000000
       Net Receivables 
0
0
0
0
8,356,000
8,473,000
8,621,000
8,368,000
8,277,000
9,322,000
8,090,000
7,175,000
7,116,000
7,129,000
6,850,000
5,337,000
5,153,000
5,347,000
5,426,000
6,330,000
6,309,000
6,315,000
6,560,000
6,515,000
6,709,000
6,930,000
7,064,000
7,276,000
6,847,000
7,639,000
8,203,000
8,582,000
9,423,000
9,841,000
9,528,000
9,245,000
9,143,000
9,468,000
9,580,000
9,451,000
9,211,000
9,265,000
9,806,000
9,970,000
10,507,000
10,984,000
10,831,000
10,773,000
11,157,000
11,245,000
11,626,000
11,575,000
11,941,000
12,268,000
12,632,000
12,146,000
12,215,000
12,106,000
11,788,000
11,078,000
10,599,000
11,071,000
10,564,000
10,061,000
10,131,000
10,384,000
10,155,000
9,708,000
9,918,000
10,305,000
10,738,000
10,416,000
10,872,000
11,282,000
11,285,000
7,468,000
7,593,000
7,676,000
7,536,000
7,459,000
7,326,000
7,260,000
7,738,000
7,805,000
7,707,000
8,245,000
7,867,000
7,541,000
7,923,000
7,925,000
7,650,000
7,812,000
8,183,000
8,491,000
8,659,000
8,536,000
8,520,000
8,610,000
8,684,000
8,684,0008,610,0008,520,0008,536,0008,659,0008,491,0008,183,0007,812,0007,650,0007,925,0007,923,0007,541,0007,867,0008,245,0007,707,0007,805,0007,738,0007,260,0007,326,0007,459,0007,536,0007,676,0007,593,0007,468,00011,285,00011,282,00010,872,00010,416,00010,738,00010,305,0009,918,0009,708,00010,155,00010,384,00010,131,00010,061,00010,564,00011,071,00010,599,00011,078,00011,788,00012,106,00012,215,00012,146,00012,632,00012,268,00011,941,00011,575,00011,626,00011,245,00011,157,00010,773,00010,831,00010,984,00010,507,0009,970,0009,806,0009,265,0009,211,0009,451,0009,580,0009,468,0009,143,0009,245,0009,528,0009,841,0009,423,0008,582,0008,203,0007,639,0006,847,0007,276,0007,064,0006,930,0006,709,0006,515,0006,560,0006,315,0006,309,0006,330,0005,426,0005,347,0005,153,0005,337,0006,850,0007,129,0007,116,0007,175,0008,090,0009,322,0008,277,0008,368,0008,621,0008,473,0008,356,0000000
       Other Current Assets 
0
0
0
1,585,000
2,674,000
2,578,000
2,668,000
1,321,000
1,973,000
2,528,000
3,577,000
4,748,000
3,256,000
3,765,000
3,567,000
6,427,000
6,110,000
3,112,000
1,800,000
155,000
72,000
56,000
361,000
241,000
243,000
286,000
264,000
402,000
1,523,000
1,540,000
1,675,000
500,000
733,000
545,000
487,000
733,000
488,000
474,000
495,000
540,000
568,000
648,000
740,000
801,000
673,000
689,000
439,000
351,000
420,000
409,000
622,000
584,000
483,000
517,000
734,000
706,000
715,000
522,000
630,000
644,000
767,000
782,000
712,000
638,000
692,000
594,000
631,000
658,000
545,000
636,000
628,000
647,000
607,000
735,000
720,000
616,000
631,000
558,000
652,000
674,000
661,000
668,000
641,000
760,000
637,000
579,000
511,000
573,000
537,000
474,000
519,000
505,000
484,000
500,000
527,000
755,000
895,000
723,000
975,000
975,000723,000895,000755,000527,000500,000484,000505,000519,000474,000537,000573,000511,000579,000637,000760,000641,000668,000661,000674,000652,000558,000631,000616,000720,000735,000607,000647,000628,000636,000545,000658,000631,000594,000692,000638,000712,000782,000767,000644,000630,000522,000715,000706,000734,000517,000483,000584,000622,000409,000420,000351,000439,000689,000673,000801,000740,000648,000568,000540,000495,000474,000488,000733,000487,000545,000733,000500,0001,675,0001,540,0001,523,000402,000264,000286,000243,000241,000361,00056,00072,000155,0001,800,0003,112,0006,110,0006,427,0003,567,0003,765,0003,256,0004,748,0003,577,0002,528,0001,973,0001,321,0002,668,0002,578,0002,674,0001,585,000000
   > Long-term Assets 
0
0
0
0
12,228,000
12,717,000
13,391,000
12,830,000
13,005,000
13,604,000
10,718,000
9,578,000
9,493,000
9,071,000
9,203,000
8,900,000
8,676,000
8,511,000
8,320,000
9,327,000
8,953,000
8,519,000
8,158,000
8,128,000
8,102,000
8,207,000
8,121,000
7,965,000
7,616,000
7,186,000
7,248,000
7,856,000
8,266,000
8,220,000
8,452,000
8,834,000
8,703,000
9,106,000
9,476,000
9,499,000
9,307,000
10,262,000
10,968,000
10,947,000
14,858,000
15,334,000
15,582,000
15,861,000
16,248,000
20,989,000
21,329,000
21,068,000
20,755,000
20,444,000
21,506,000
21,639,000
21,283,000
20,691,000
19,964,000
19,892,000
19,136,000
19,093,000
18,701,000
18,596,000
18,731,000
18,533,000
17,907,000
17,541,000
18,099,000
18,389,000
20,812,000
21,323,000
21,258,000
22,848,000
22,697,000
22,576,000
23,795,000
20,143,000
19,592,000
19,650,000
19,072,000
19,216,000
21,356,000
21,862,000
21,497,000
21,543,000
20,835,000
21,565,000
21,797,000
21,140,000
20,571,000
19,578,000
19,347,000
19,364,000
19,263,000
19,663,000
19,328,000
19,440,000
19,852,000
19,852,00019,440,00019,328,00019,663,00019,263,00019,364,00019,347,00019,578,00020,571,00021,140,00021,797,00021,565,00020,835,00021,543,00021,497,00021,862,00021,356,00019,216,00019,072,00019,650,00019,592,00020,143,00023,795,00022,576,00022,697,00022,848,00021,258,00021,323,00020,812,00018,389,00018,099,00017,541,00017,907,00018,533,00018,731,00018,596,00018,701,00019,093,00019,136,00019,892,00019,964,00020,691,00021,283,00021,639,00021,506,00020,444,00020,755,00021,068,00021,329,00020,989,00016,248,00015,861,00015,582,00015,334,00014,858,00010,947,00010,968,00010,262,0009,307,0009,499,0009,476,0009,106,0008,703,0008,834,0008,452,0008,220,0008,266,0007,856,0007,248,0007,186,0007,616,0007,965,0008,121,0008,207,0008,102,0008,128,0008,158,0008,519,0008,953,0009,327,0008,320,0008,511,0008,676,0008,900,0009,203,0009,071,0009,493,0009,578,00010,718,00013,604,00013,005,00012,830,00013,391,00012,717,00012,228,0000000
       Property Plant Equipment 
0
0
0
3,243,000
3,045,000
2,975,000
3,108,000
3,003,000
3,045,000
3,097,000
2,803,000
2,792,000
2,779,000
2,801,000
2,835,000
2,840,000
2,749,000
2,695,000
2,712,000
2,981,000
2,824,000
2,648,000
2,627,000
2,565,000
2,585,000
2,690,000
2,652,000
2,811,000
2,818,000
2,909,000
3,061,000
3,246,000
3,527,000
3,625,000
3,485,000
3,562,000
3,462,000
3,718,000
3,967,000
4,072,000
3,956,000
3,766,000
4,092,000
4,356,000
4,843,000
5,019,000
4,757,000
4,922,000
5,121,000
5,407,000
5,658,000
5,947,000
5,820,000
5,782,000
6,050,000
6,254,000
6,171,000
5,984,000
5,652,000
5,652,000
5,298,000
5,327,000
5,194,000
5,276,000
5,347,000
5,239,000
4,861,000
4,743,000
4,805,000
4,980,000
5,180,000
5,363,000
5,440,000
5,621,000
5,580,000
4,133,000
5,185,000
5,054,000
4,884,000
4,966,000
4,787,000
4,751,000
4,921,000
5,143,000
5,006,000
5,062,000
4,841,000
4,940,000
4,911,000
4,668,000
4,592,000
4,752,000
4,758,000
4,775,000
4,741,000
5,035,000
4,910,000
4,956,000
5,121,000
5,121,0004,956,0004,910,0005,035,0004,741,0004,775,0004,758,0004,752,0004,592,0004,668,0004,911,0004,940,0004,841,0005,062,0005,006,0005,143,0004,921,0004,751,0004,787,0004,966,0004,884,0005,054,0005,185,0004,133,0005,580,0005,621,0005,440,0005,363,0005,180,0004,980,0004,805,0004,743,0004,861,0005,239,0005,347,0005,276,0005,194,0005,327,0005,298,0005,652,0005,652,0005,984,0006,171,0006,254,0006,050,0005,782,0005,820,0005,947,0005,658,0005,407,0005,121,0004,922,0004,757,0005,019,0004,843,0004,356,0004,092,0003,766,0003,956,0004,072,0003,967,0003,718,0003,462,0003,562,0003,485,0003,625,0003,527,0003,246,0003,061,0002,909,0002,818,0002,811,0002,652,0002,690,0002,585,0002,565,0002,627,0002,648,0002,824,0002,981,0002,712,0002,695,0002,749,0002,840,0002,835,0002,801,0002,779,0002,792,0002,803,0003,097,0003,045,0003,003,0003,108,0002,975,0003,045,0003,243,000000
       Goodwill 
0
0
0
0
0
0
0
0
0
2,811,000
2,813,000
2,321,000
2,343,000
2,351,000
2,361,000
2,331,000
2,309,000
2,306,000
2,310,000
2,602,000
2,553,000
2,495,000
2,492,000
2,479,000
2,498,000
2,542,000
2,535,000
2,581,000
2,388,000
2,401,000
2,413,000
2,421,000
2,503,000
2,501,000
2,768,000
2,817,000
2,849,000
2,944,000
3,035,000
3,026,000
3,002,000
3,940,000
4,124,000
4,085,000
6,945,000
6,888,000
7,270,000
7,269,000
7,424,000
10,498,000
10,600,000
10,226,000
10,157,000
10,028,000
10,646,000
10,670,000
10,600,000
10,367,000
10,147,000
10,053,000
9,789,000
9,870,000
9,744,000
9,671,000
9,823,000
9,782,000
9,639,000
9,501,000
9,567,000
9,708,000
11,180,000
11,199,000
11,266,000
12,402,000
12,426,000
10,764,000
10,765,000
10,873,000
10,752,000
10,825,000
10,721,000
10,830,000
10,675,000
10,850,000
10,744,000
10,798,000
10,524,000
10,482,000
10,637,000
10,452,000
10,285,000
10,511,000
10,381,000
10,420,000
10,356,000
10,561,000
10,494,000
10,525,000
10,582,000
10,582,00010,525,00010,494,00010,561,00010,356,00010,420,00010,381,00010,511,00010,285,00010,452,00010,637,00010,482,00010,524,00010,798,00010,744,00010,850,00010,675,00010,830,00010,721,00010,825,00010,752,00010,873,00010,765,00010,764,00012,426,00012,402,00011,266,00011,199,00011,180,0009,708,0009,567,0009,501,0009,639,0009,782,0009,823,0009,671,0009,744,0009,870,0009,789,00010,053,00010,147,00010,367,00010,600,00010,670,00010,646,00010,028,00010,157,00010,226,00010,600,00010,498,0007,424,0007,269,0007,270,0006,888,0006,945,0004,085,0004,124,0003,940,0003,002,0003,026,0003,035,0002,944,0002,849,0002,817,0002,768,0002,501,0002,503,0002,421,0002,413,0002,401,0002,388,0002,581,0002,535,0002,542,0002,498,0002,479,0002,492,0002,495,0002,553,0002,602,0002,310,0002,306,0002,309,0002,331,0002,361,0002,351,0002,343,0002,321,0002,813,0002,811,000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
197,000
0
0
0
327,000
0
0
0
322,000
0
306,000
297,000
291,000
231,000
222,000
224,000
113,000
190,000
191,000
187,000
122,000
92,000
89,000
38,000
33,000
35,000
37,000
1,818,000
1,784,000
1,760,000
1,719,000
1,683,000
1,670,000
1,626,000
1,617,000
1,557,000
130,000
153,000
154,000
186,000
187,000
178,000
189,000
0
0189,000178,000187,000186,000154,000153,000130,0001,557,0001,617,0001,626,0001,670,0001,683,0001,719,0001,760,0001,784,0001,818,00037,00035,00033,00038,00089,00092,000122,000187,000191,000190,000113,000224,000222,000231,000291,000297,000306,0000322,000000327,000000197,0000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
3,153,000
3,391,000
3,491,000
3,299,000
3,284,000
3,468,000
3,455,000
2,912,000
2,924,000
2,923,000
2,941,000
549,000
2,807,000
2,772,000
2,754,000
3,095,000
3,002,000
2,903,000
2,871,000
2,828,000
2,831,000
335,000
314,000
309,000
272,000
256,000
255,000
270,000
273,000
273,000
434,000
411,000
411,000
424,000
461,000
443,000
414,000
699,000
737,000
701,000
1,787,000
2,002,000
2,224,000
2,253,000
2,247,000
3,689,000
3,614,000
3,501,000
3,366,000
3,250,000
3,432,000
3,297,000
3,120,000
2,995,000
2,822,000
2,702,000
2,582,000
2,519,000
2,383,000
2,337,000
2,282,000
2,191,000
2,102,000
1,996,000
1,949,000
1,930,000
2,649,000
2,622,000
2,575,000
2,959,000
2,894,000
2,607,000
2,527,000
2,428,000
2,306,000
2,252,000
2,161,000
2,112,000
2,070,000
2,078,000
1,936,000
1,877,000
1,627,000
1,561,000
1,572,000
1,474,000
1,386,000
1,406,000
1,285,000
1,257,000
1,181,000
1,223,000
1,128,000
1,089,000
1,036,000
1,036,0001,089,0001,128,0001,223,0001,181,0001,257,0001,285,0001,406,0001,386,0001,474,0001,572,0001,561,0001,627,0001,877,0001,936,0002,078,0002,070,0002,112,0002,161,0002,252,0002,306,0002,428,0002,527,0002,607,0002,894,0002,959,0002,575,0002,622,0002,649,0001,930,0001,949,0001,996,0002,102,0002,191,0002,282,0002,337,0002,383,0002,519,0002,582,0002,702,0002,822,0002,995,0003,120,0003,297,0003,432,0003,250,0003,366,0003,501,0003,614,0003,689,0002,247,0002,253,0002,224,0002,002,0001,787,000701,000737,000699,000414,000443,000461,000424,000411,000411,000434,000273,000273,000270,000255,000256,000272,000309,000314,000335,0002,831,0002,828,0002,871,0002,903,0003,002,0003,095,0002,754,0002,772,0002,807,000549,0002,941,0002,923,0002,924,0002,912,0003,455,0003,468,0003,284,0003,299,0003,491,0003,391,0003,153,0000000
       Other Assets 
0
0
0
9,008,000
9,183,000
9,742,000
10,283,000
9,827,000
9,960,000
10,507,000
7,915,000
6,786,000
6,714,000
6,270,000
6,368,000
6,046,000
5,927,000
5,816,000
5,608,000
6,346,000
6,129,000
5,871,000
5,531,000
5,563,000
5,517,000
5,517,000
5,469,000
5,154,000
4,798,000
4,277,000
4,187,000
4,610,000
4,739,000
4,595,000
4,967,000
5,272,000
5,241,000
5,388,000
5,509,000
5,427,000
5,351,000
6,496,000
6,876,000
6,591,000
10,015,000
10,315,000
10,825,000
10,939,000
11,127,000
15,582,000
15,671,000
15,121,000
14,935,000
14,662,000
15,456,000
15,385,000
15,112,000
14,707,000
14,312,000
14,240,000
13,838,000
13,766,000
13,507,000
13,320,000
13,384,000
13,294,000
13,046,000
12,816,000
13,294,000
13,409,000
15,632,000
15,960,000
15,818,000
1,675,000
1,610,000
4,950,000
5,167,000
1,644,000
1,556,000
1,502,000
1,271,000
1,387,000
1,779,000
1,930,000
1,986,000
1,975,000
2,053,000
2,894,000
3,048,000
2,929,000
2,751,000
2,752,000
2,740,000
0
2,799,000
0
0
0
0
00002,799,00002,740,0002,752,0002,751,0002,929,0003,048,0002,894,0002,053,0001,975,0001,986,0001,930,0001,779,0001,387,0001,271,0001,502,0001,556,0001,644,0005,167,0004,950,0001,610,0001,675,00015,818,00015,960,00015,632,00013,409,00013,294,00012,816,00013,046,00013,294,00013,384,00013,320,00013,507,00013,766,00013,838,00014,240,00014,312,00014,707,00015,112,00015,385,00015,456,00014,662,00014,935,00015,121,00015,671,00015,582,00011,127,00010,939,00010,825,00010,315,00010,015,0006,591,0006,876,0006,496,0005,351,0005,427,0005,509,0005,388,0005,241,0005,272,0004,967,0004,595,0004,739,0004,610,0004,187,0004,277,0004,798,0005,154,0005,469,0005,517,0005,517,0005,563,0005,531,0005,871,0006,129,0006,346,0005,608,0005,816,0005,927,0006,046,0006,368,0006,270,0006,714,0006,786,0007,915,00010,507,0009,960,0009,827,00010,283,0009,742,0009,183,0009,008,000000
> Total Liabilities 
23,524,000
22,887,000
22,581,000
25,470,000
28,189,000
29,227,000
30,498,000
30,115,000
30,583,000
31,129,000
29,858,000
28,262,000
26,956,000
27,297,000
27,280,000
27,102,000
24,964,000
21,500,000
20,446,000
21,556,000
20,254,000
19,701,000
19,528,000
18,452,000
18,889,000
17,823,000
18,079,000
18,653,000
18,536,000
18,840,000
19,686,000
19,452,000
20,890,000
20,899,000
20,246,000
21,411,000
20,049,000
20,578,000
20,498,000
20,255,000
19,630,000
19,150,000
20,760,000
20,837,000
21,345,000
23,354,000
23,901,000
23,312,000
25,484,000
29,430,000
29,808,000
31,624,000
29,960,000
28,761,000
29,342,000
28,856,000
29,087,000
28,908,000
28,124,000
28,063,000
26,853,000
27,687,000
26,543,000
26,368,000
26,447,000
28,844,000
26,896,000
25,577,000
25,371,000
26,594,000
27,654,000
27,913,000
29,625,000
31,012,000
30,003,000
29,907,000
30,500,000
32,081,000
30,847,000
32,128,000
36,071,000
34,328,000
27,237,000
25,089,000
26,161,000
25,155,000
25,519,000
24,303,000
28,553,000
26,232,000
26,190,000
25,876,000
27,119,000
26,427,000
26,256,000
26,794,000
27,641,000
25,135,000
25,924,000
25,924,00025,135,00027,641,00026,794,00026,256,00026,427,00027,119,00025,876,00026,190,00026,232,00028,553,00024,303,00025,519,00025,155,00026,161,00025,089,00027,237,00034,328,00036,071,00032,128,00030,847,00032,081,00030,500,00029,907,00030,003,00031,012,00029,625,00027,913,00027,654,00026,594,00025,371,00025,577,00026,896,00028,844,00026,447,00026,368,00026,543,00027,687,00026,853,00028,063,00028,124,00028,908,00029,087,00028,856,00029,342,00028,761,00029,960,00031,624,00029,808,00029,430,00025,484,00023,312,00023,901,00023,354,00021,345,00020,837,00020,760,00019,150,00019,630,00020,255,00020,498,00020,578,00020,049,00021,411,00020,246,00020,899,00020,890,00019,452,00019,686,00018,840,00018,536,00018,653,00018,079,00017,823,00018,889,00018,452,00019,528,00019,701,00020,254,00021,556,00020,446,00021,500,00024,964,00027,102,00027,280,00027,297,00026,956,00028,262,00029,858,00031,129,00030,583,00030,115,00030,498,00029,227,00028,189,00025,470,00022,581,00022,887,00023,524,000
   > Total Current Liabilities 
15,912,000
14,747,000
14,910,000
15,452,000
18,409,000
19,255,000
19,967,000
19,035,000
20,132,000
18,983,000
18,927,000
18,414,000
17,586,000
18,158,000
17,424,000
16,212,000
14,611,000
11,743,000
11,291,000
13,068,000
12,075,000
11,902,000
12,366,000
11,606,000
11,894,000
11,400,000
11,617,000
12,376,000
12,977,000
13,472,000
14,557,000
14,479,000
15,702,000
15,803,000
15,378,000
16,004,000
14,815,000
15,162,000
14,775,000
14,579,000
14,141,000
13,835,000
15,070,000
16,738,000
17,188,000
17,813,000
18,363,000
16,561,000
16,542,000
17,661,000
17,782,000
18,974,000
17,485,000
16,363,000
16,733,000
16,675,000
16,993,000
16,886,000
16,383,000
15,580,000
14,661,000
16,051,000
15,032,000
15,844,000
15,770,000
18,060,000
16,177,000
15,392,000
15,153,000
15,207,000
15,805,000
16,273,000
19,372,000
19,385,000
18,558,000
18,447,000
17,783,000
19,177,000
18,364,000
20,266,000
24,553,000
23,209,000
16,186,000
15,416,000
15,757,000
15,947,000
16,650,000
15,568,000
17,855,000
16,697,000
17,094,000
16,529,000
17,949,000
18,031,000
17,470,000
18,004,000
17,782,000
15,054,000
15,477,000
15,477,00015,054,00017,782,00018,004,00017,470,00018,031,00017,949,00016,529,00017,094,00016,697,00017,855,00015,568,00016,650,00015,947,00015,757,00015,416,00016,186,00023,209,00024,553,00020,266,00018,364,00019,177,00017,783,00018,447,00018,558,00019,385,00019,372,00016,273,00015,805,00015,207,00015,153,00015,392,00016,177,00018,060,00015,770,00015,844,00015,032,00016,051,00014,661,00015,580,00016,383,00016,886,00016,993,00016,675,00016,733,00016,363,00017,485,00018,974,00017,782,00017,661,00016,542,00016,561,00018,363,00017,813,00017,188,00016,738,00015,070,00013,835,00014,141,00014,579,00014,775,00015,162,00014,815,00016,004,00015,378,00015,803,00015,702,00014,479,00014,557,00013,472,00012,977,00012,376,00011,617,00011,400,00011,894,00011,606,00012,366,00011,902,00012,075,00013,068,00011,291,00011,743,00014,611,00016,212,00017,424,00018,158,00017,586,00018,414,00018,927,00018,983,00020,132,00019,035,00019,967,00019,255,00018,409,00015,452,00014,910,00014,747,00015,912,000
       Short-term Debt 
0
0
0
0
5,500,000
6,388,000
6,789,000
4,747,000
6,683,000
3,982,000
3,658,000
2,576,000
3,286,000
3,596,000
3,089,000
1,597,000
974,000
939,000
616,000
633,000
473,000
444,000
510,000
169,000
168,000
176,000
97,000
122,000
341,000
387,000
443,000
536,000
383,000
383,000
374,000
354,000
349,000
331,000
218,000
161,000
205,000
237,000
253,000
1,043,000
1,125,000
1,191,000
2,238,000
765,000
812,000
2,217,000
2,023,000
2,537,000
1,683,000
712,000
567,000
453,000
1,435,000
1,242,000
462,000
353,000
506,000
1,342,000
986,000
1,454,000
1,566,000
1,653,000
1,402,000
987,000
1,049,000
914,000
831,000
738,000
2,476,000
3,786,000
2,883,000
2,031,000
1,791,000
2,705,000
2,198,000
2,592,000
6,206,000
6,665,000
2,689,000
1,563,000
1,570,000
2,350,000
2,620,000
1,614,000
3,332,000
3,052,000
3,283,000
2,755,000
3,661,000
4,072,000
3,185,000
2,856,000
2,199,000
665,000
369,000
369,000665,0002,199,0002,856,0003,185,0004,072,0003,661,0002,755,0003,283,0003,052,0003,332,0001,614,0002,620,0002,350,0001,570,0001,563,0002,689,0006,665,0006,206,0002,592,0002,198,0002,705,0001,791,0002,031,0002,883,0003,786,0002,476,000738,000831,000914,0001,049,000987,0001,402,0001,653,0001,566,0001,454,000986,0001,342,000506,000353,000462,0001,242,0001,435,000453,000567,000712,0001,683,0002,537,0002,023,0002,217,000812,000765,0002,238,0001,191,0001,125,0001,043,000253,000237,000205,000161,000218,000331,000349,000354,000374,000383,000383,000536,000443,000387,000341,000122,00097,000176,000168,000169,000510,000444,000473,000633,000616,000939,000974,0001,597,0003,089,0003,596,0003,286,0002,576,0003,658,0003,982,0006,683,0004,747,0006,789,0006,388,0005,500,0000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,023,000
0
0
0
54,000
0
0
0
1,149,000
0
8,008,000
7,721,000
845,000
6,934,000
7,827,000
327,000
379,000
1,918,000
1,819,000
1,819,000
1,449,000
1,468,000
2,415,000
1,889,000
2,287,000
5,913,000
6,383,000
2,354,000
1,293,000
1,336,000
2,117,000
2,414,000
1,384,000
3,114,000
2,830,000
3,068,000
2,535,000
3,433,000
3,849,000
2,951,000
2,607,000
1,957,000
410,000
109,000
109,000410,0001,957,0002,607,0002,951,0003,849,0003,433,0002,535,0003,068,0002,830,0003,114,0001,384,0002,414,0002,117,0001,336,0001,293,0002,354,0006,383,0005,913,0002,287,0001,889,0002,415,0001,468,0001,449,0001,819,0001,819,0001,918,000379,000327,0007,827,0006,934,000845,0007,721,0008,008,00001,149,00000054,0000008,023,0000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
3,375,000
5,949,000
5,910,000
6,092,000
6,701,000
6,358,000
7,166,000
6,693,000
5,135,000
4,791,000
4,995,000
4,774,000
4,375,000
4,113,000
4,141,000
4,359,000
5,709,000
5,429,000
5,359,000
5,212,000
4,493,000
4,696,000
4,954,000
4,975,000
5,120,000
5,037,000
5,337,000
5,809,000
6,285,000
6,914,000
7,330,000
6,973,000
6,967,000
5,175,000
5,289,000
5,199,000
5,179,000
5,079,000
5,143,000
5,776,000
4,555,000
4,967,000
5,187,000
4,772,000
4,789,000
4,738,000
4,750,000
4,697,000
4,992,000
4,705,000
4,829,000
5,103,000
5,112,000
4,872,000
4,950,000
4,820,000
4,765,000
4,473,000
4,564,000
4,405,000
4,342,000
4,323,000
4,536,000
4,458,000
4,446,000
4,471,000
4,888,000
5,081,000
5,419,000
5,301,000
5,933,000
5,825,000
4,424,000
4,081,000
4,107,000
4,023,000
4,353,000
4,170,000
4,062,000
4,323,000
4,571,000
4,453,000
4,708,000
4,642,000
4,921,000
4,830,000
4,805,000
4,769,000
4,904,000
4,945,000
4,881,000
4,777,000
4,847,000
5,018,000
5,118,000
5,167,000
5,167,0005,118,0005,018,0004,847,0004,777,0004,881,0004,945,0004,904,0004,769,0004,805,0004,830,0004,921,0004,642,0004,708,0004,453,0004,571,0004,323,0004,062,0004,170,0004,353,0004,023,0004,107,0004,081,0004,424,0005,825,0005,933,0005,301,0005,419,0005,081,0004,888,0004,471,0004,446,0004,458,0004,536,0004,323,0004,342,0004,405,0004,564,0004,473,0004,765,0004,820,0004,950,0004,872,0005,112,0005,103,0004,829,0004,705,0004,992,0004,697,0004,750,0004,738,0004,789,0004,772,0005,187,0004,967,0004,555,0005,776,0005,143,0005,079,0005,179,0005,199,0005,289,0005,175,0006,967,0006,973,0007,330,0006,914,0006,285,0005,809,0005,337,0005,037,0005,120,0004,975,0004,954,0004,696,0004,493,0005,212,0005,359,0005,429,0005,709,0004,359,0004,141,0004,113,0004,375,0004,774,0004,995,0004,791,0005,135,0006,693,0007,166,0006,358,0006,701,0006,092,0005,910,0005,949,0003,375,000000
       Other Current Liabilities 
0
0
0
8,019,000
6,960,000
6,957,000
7,086,000
6,851,000
7,091,000
7,835,000
1,229,000
2,384,000
2,350,000
2,727,000
2,484,000
5,100,000
4,764,000
1,980,000
1,471,000
290,000
160,000
107,000
467,000
4,848,000
5,061,000
4,210,000
4,361,000
4,966,000
5,921,000
6,047,000
6,400,000
5,550,000
6,195,000
5,953,000
5,922,000
6,586,000
3,176,000
3,361,000
2,105,000
9,239,000
8,857,000
3,169,000
1,698,000
5,020,000
9,319,000
9,500,000
9,532,000
9,250,000
9,087,000
8,930,000
9,267,000
7,473,000
7,175,000
7,089,000
7,547,000
7,670,000
7,367,000
7,490,000
7,913,000
7,383,000
6,783,000
7,128,000
6,704,000
6,919,000
6,949,000
8,882,000
7,396,000
7,320,000
6,938,000
6,663,000
7,156,000
7,498,000
8,757,000
6,909,000
7,150,000
10,285,000
10,221,000
10,755,000
10,527,000
11,602,000
12,512,000
10,779,000
7,346,000
7,379,000
7,879,000
7,043,000
7,448,000
7,139,000
7,613,000
6,699,000
6,927,000
6,654,000
7,004,000
6,684,000
6,898,000
6,429,000
7,699,000
6,298,000
6,860,000
6,860,0006,298,0007,699,0006,429,0006,898,0006,684,0007,004,0006,654,0006,927,0006,699,0007,613,0007,139,0007,448,0007,043,0007,879,0007,379,0007,346,00010,779,00012,512,00011,602,00010,527,00010,755,00010,221,00010,285,0007,150,0006,909,0008,757,0007,498,0007,156,0006,663,0006,938,0007,320,0007,396,0008,882,0006,949,0006,919,0006,704,0007,128,0006,783,0007,383,0007,913,0007,490,0007,367,0007,670,0007,547,0007,089,0007,175,0007,473,0009,267,0008,930,0009,087,0009,250,0009,532,0009,500,0009,319,0005,020,0001,698,0003,169,0008,857,0009,239,0002,105,0003,361,0003,176,0006,586,0005,922,0005,953,0006,195,0005,550,0006,400,0006,047,0005,921,0004,966,0004,361,0004,210,0005,061,0004,848,000467,000107,000160,000290,0001,471,0001,980,0004,764,0005,100,0002,484,0002,727,0002,350,0002,384,0001,229,0007,835,0007,091,0006,851,0007,086,0006,957,0006,960,0008,019,000000
   > Long-term Liabilities 
0
0
0
0
9,780,000
9,972,000
10,531,000
11,080,000
10,451,000
12,146,000
10,931,000
9,848,000
9,370,000
9,139,000
9,856,000
10,890,000
10,353,000
9,757,000
9,155,000
8,488,000
8,179,000
7,799,000
7,162,000
6,846,000
6,995,000
6,423,000
6,462,000
6,277,000
5,559,000
5,368,000
5,129,000
4,973,000
5,188,000
5,096,000
4,868,000
5,407,000
5,234,000
5,416,000
5,723,000
5,676,000
5,489,000
5,315,000
5,690,000
4,099,000
4,157,000
5,541,000
5,538,000
6,751,000
8,942,000
11,769,000
12,026,000
12,650,000
12,475,000
12,398,000
12,609,000
12,181,000
12,094,000
12,022,000
11,741,000
12,483,000
12,192,000
11,636,000
11,511,000
10,524,000
10,677,000
10,784,000
10,719,000
10,185,000
10,218,000
11,387,000
11,849,000
11,640,000
10,253,000
11,627,000
11,445,000
11,460,000
12,717,000
12,904,000
12,483,000
11,862,000
11,518,000
11,119,000
11,051,000
9,673,000
10,404,000
9,208,000
8,869,000
8,735,000
10,698,000
9,535,000
9,096,000
9,347,000
9,170,000
8,396,000
8,786,000
8,790,000
9,859,000
10,081,000
10,447,000
10,447,00010,081,0009,859,0008,790,0008,786,0008,396,0009,170,0009,347,0009,096,0009,535,00010,698,0008,735,0008,869,0009,208,00010,404,0009,673,00011,051,00011,119,00011,518,00011,862,00012,483,00012,904,00012,717,00011,460,00011,445,00011,627,00010,253,00011,640,00011,849,00011,387,00010,218,00010,185,00010,719,00010,784,00010,677,00010,524,00011,511,00011,636,00012,192,00012,483,00011,741,00012,022,00012,094,00012,181,00012,609,00012,398,00012,475,00012,650,00012,026,00011,769,0008,942,0006,751,0005,538,0005,541,0004,157,0004,099,0005,690,0005,315,0005,489,0005,676,0005,723,0005,416,0005,234,0005,407,0004,868,0005,096,0005,188,0004,973,0005,129,0005,368,0005,559,0006,277,0006,462,0006,423,0006,995,0006,846,0007,162,0007,799,0008,179,0008,488,0009,155,0009,757,00010,353,00010,890,0009,856,0009,139,0009,370,0009,848,00010,931,00012,146,00010,451,00011,080,00010,531,0009,972,0009,780,0000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,587,000
7,050,000
7,913,000
7,800,000
6,772,000
6,830,000
6,237,000
6,319,000
4,828,000
5,619,000
4,375,000
4,270,000
4,177,000
6,171,000
5,086,000
4,530,000
5,143,000
5,230,000
0
0
0
0
0
0
0000005,230,0005,143,0004,530,0005,086,0006,171,0004,177,0004,270,0004,375,0005,619,0004,828,0006,319,0006,237,0006,830,0006,772,0007,800,0007,913,0007,050,0006,587,000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
4,714,000
4,431,000
4,255,000
4,307,000
4,677,000
4,677,000
4,854,000
4,195,000
3,306,000
3,335,000
3,351,000
3,510,000
3,667,000
3,627,000
3,623,000
3,692,000
2,634,000
2,545,000
2,439,000
2,459,000
2,221,000
2,296,000
2,556,000
2,571,000
2,348,000
2,697,000
2,554,000
2,561,000
2,428,000
2,379,000
2,436,000
2,362,000
2,973,000
2,898,000
2,970,000
3,087,000
3,176,000
3,125,000
2,981,000
3,120,000
2,549,000
2,530,000
2,502,000
2,438,000
2,983,000
2,992,000
3,095,000
3,129,000
3,856,000
3,765,000
3,842,000
3,782,000
3,346,000
3,228,000
3,177,000
3,080,000
3,980,000
3,802,000
3,868,000
3,789,000
3,574,000
3,549,000
3,493,000
3,432,000
3,438,000
3,510,000
3,635,000
3,721,000
3,832,000
3,885,000
4,959,000
4,809,000
4,872,000
4,872,000
4,223,000
3,956,000
4,373,000
4,023,000
4,247,000
4,065,000
4,114,000
4,016,000
4,054,000
3,766,000
3,760,000
3,851,000
3,571,000
3,503,000
3,208,000
0
0
2,940,000
0
0
0
0
00002,940,000003,208,0003,503,0003,571,0003,851,0003,760,0003,766,0004,054,0004,016,0004,114,0004,065,0004,247,0004,023,0004,373,0003,956,0004,223,0004,872,0004,872,0004,809,0004,959,0003,885,0003,832,0003,721,0003,635,0003,510,0003,438,0003,432,0003,493,0003,549,0003,574,0003,789,0003,868,0003,802,0003,980,0003,080,0003,177,0003,228,0003,346,0003,782,0003,842,0003,765,0003,856,0003,129,0003,095,0002,992,0002,983,0002,438,0002,502,0002,530,0002,549,0003,120,0002,981,0003,125,0003,176,0003,087,0002,970,0002,898,0002,973,0002,362,0002,436,0002,379,0002,428,0002,561,0002,554,0002,697,0002,348,0002,571,0002,556,0002,296,0002,221,0002,459,0002,439,0002,545,0002,634,0003,692,0003,623,0003,627,0003,667,0003,510,0003,351,0003,335,0003,306,0004,195,0004,854,0004,677,0004,677,0004,307,0004,255,0004,431,0004,714,000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,165,000
0
0
0
965,000
0
0
0
918,000
0
0
0
1,099,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000000001,099,000000918,000000965,0000001,165,00000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
5,360,000
5,666,000
5,526,000
5,171,000
3,903,000
3,213,000
2,912,000
2,014,000
2,239,000
2,224,000
1,799,000
1,013,000
1,078,000
1,277,000
1,019,000
3,026,000
3,013,000
3,028,000
3,121,000
2,824,000
2,994,000
3,046,000
3,297,000
3,483,000
3,834,000
5,380,000
5,720,000
6,038,000
7,231,000
7,637,000
8,843,000
10,957,000
11,993,000
12,718,000
11,724,000
11,158,000
11,348,000
12,739,000
13,330,000
13,790,000
13,999,000
14,050,000
14,018,000
14,885,000
15,985,000
15,981,000
15,832,000
15,777,000
16,945,000
15,430,000
16,610,000
16,906,000
17,194,000
16,293,000
17,589,000
18,678,000
19,173,000
17,722,000
17,177,000
16,269,000
15,731,000
14,541,000
14,745,000
14,481,000
14,838,000
12,719,000
13,440,000
13,459,000
14,403,000
13,403,000
14,244,000
14,819,000
13,395,000
13,626,000
14,103,000
13,952,000
14,495,000
12,900,000
13,226,000
13,526,000
11,570,000
12,156,000
16,744,000
15,685,000
13,691,000
13,932,000
13,951,000
15,579,000
13,247,000
12,271,000
11,822,000
12,777,000
12,227,000
12,796,000
13,206,000
13,410,000
12,740,000
13,469,000
14,082,000
14,082,00013,469,00012,740,00013,410,00013,206,00012,796,00012,227,00012,777,00011,822,00012,271,00013,247,00015,579,00013,951,00013,932,00013,691,00015,685,00016,744,00012,156,00011,570,00013,526,00013,226,00012,900,00014,495,00013,952,00014,103,00013,626,00013,395,00014,819,00014,244,00013,403,00014,403,00013,459,00013,440,00012,719,00014,838,00014,481,00014,745,00014,541,00015,731,00016,269,00017,177,00017,722,00019,173,00018,678,00017,589,00016,293,00017,194,00016,906,00016,610,00015,430,00016,945,00015,777,00015,832,00015,981,00015,985,00014,885,00014,018,00014,050,00013,999,00013,790,00013,330,00012,739,00011,348,00011,158,00011,724,00012,718,00011,993,00010,957,0008,843,0007,637,0007,231,0006,038,0005,720,0005,380,0003,834,0003,483,0003,297,0003,046,0002,994,0002,824,0003,121,0003,028,0003,013,0003,026,0001,019,0001,277,0001,078,0001,013,0001,799,0002,224,0002,239,0002,014,0002,912,0003,213,0003,903,0005,171,0005,526,0005,666,0005,360,000
   Common Stock
0
0
0
1,852,000
0
0
0
2,028,000
2,028,000
2,027,000
2,027,000
2,027,000
571,000
571,000
571,000
3,067,000
3,067,000
3,067,000
3,067,000
3,083,000
3,083,000
3,083,000
3,083,000
3,121,000
3,137,000
4,451,000
4,453,000
4,514,000
5,172,000
5,343,000
5,523,000
5,634,000
5,641,000
5,673,000
4,678,000
4,695,000
4,858,000
4,895,000
3,893,000
3,943,000
3,951,000
3,967,000
1,421,000
1,454,000
1,465,000
1,614,000
1,607,000
1,621,000
1,631,000
1,659,000
1,673,000
1,691,000
1,688,000
1,717,000
1,734,000
1,750,000
1,761,000
1,777,000
1,795,000
1,777,000
1,792,000
1,441,000
1,458,000
1,444,000
1,454,000
234,000
208,000
216,000
192,000
192,000
188,000
188,000
188,000
188,000
188,000
188,000
188,000
188,000
188,000
188,000
188,000
188,000
188,000
188,000
188,000
178,000
178,000
178,000
178,000
171,000
171,000
171,000
171,000
163,000
163,000
163,000
163,000
162,000
162,000
162,000162,000163,000163,000163,000163,000171,000171,000171,000171,000178,000178,000178,000178,000188,000188,000188,000188,000188,000188,000188,000188,000188,000188,000188,000188,000188,000188,000188,000192,000192,000216,000208,000234,0001,454,0001,444,0001,458,0001,441,0001,792,0001,777,0001,795,0001,777,0001,761,0001,750,0001,734,0001,717,0001,688,0001,691,0001,673,0001,659,0001,631,0001,621,0001,607,0001,614,0001,465,0001,454,0001,421,0003,967,0003,951,0003,943,0003,893,0004,895,0004,858,0004,695,0004,678,0005,673,0005,641,0005,634,0005,523,0005,343,0005,172,0004,514,0004,453,0004,451,0003,137,0003,121,0003,083,0003,083,0003,083,0003,083,0003,067,0003,067,0003,067,0003,067,000571,000571,000571,0002,027,0002,027,0002,027,0002,028,0002,028,0000001,852,000000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income -5,072,000-5,016,000-4,904,000-5,070,000-4,705,000-4,627,000-4,469,000-4,556,000-4,715,000-4,389,000-4,138,000-4,088,000-4,266,000-4,104,000-4,203,000-4,002,000-4,629,000-5,828,000-6,089,000-5,590,000-5,544,000-5,349,000-5,355,000-5,311,000-4,826,000-4,683,000-4,178,000-4,345,000-4,418,000-4,667,000-4,998,000-5,187,000-4,652,000-4,654,000-4,518,000-4,858,000-4,881,000-4,586,000-4,906,000-4,241,000-3,039,000-2,092,000-2,082,000-2,012,000-2,493,000-2,933,000-2,904,000-2,523,000-2,155,000-2,560,000-1,986,000-2,408,000-1,507,000-573,000-1,091,000-1,517,000-1,706,000-2,846,000-2,359,000-2,084,000-1,954,000-2,513,000-3,189,000-2,710,000-1,913,000-1,123,000-1,070,000-1,330,000-1,580,000-1,868,000-2,022,000-2,019,000-1,854,000-1,794,000-1,837,000-1,962,000-1,886,000-1,949,000-1,875,000-1,846,000-1,756,000-1,838,000-1,767,000-1,750,000-1,649,000-1,670,000-1,924,000-1,878,000-1,831,000-1,589,000-1,588,000-1,699,000-4,083,000-4,083,000-4,083,0000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
56,000
70,000
62,000
67,000
73,000
75,000
62,000
79,000
83,000
0
10,000
16,000
22,000
0
12,000
9,000
141,000
279,000
0
0
0
0
0
0
000000279,000141,0009,00012,000022,00016,00010,000083,00079,00062,00075,00073,00067,00062,00070,00056,000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000-3,010,000-1,814,000-1,337,000-3,876,000-3,530,000-1,919,000-761,000-784,000-785,000-800,000-801,000-819,000-820,000-824,000-824,000-893,000-647,000-738,000-1,701,000-1,456,000-1,559,000-1,616,000-3,847,000-3,074,000-2,581,000-2,129,000-2,034,000-1,658,000-1,206,000-838,000-488,000-236,000-246,000-313,000-317,000-320,000-328,000-370,000-372,000-373,000-424,000-426,000-428,000-433,000-441,000-386,000-986,000-885,000-897,000-897,000-897,000-900,000-900,000-901,000-765,000-536,000-302,000-302,000-302,000-103,000-104,000-104,000-105,000-130,000-136,000-138,000-138,000-138,000-138,000-138,000-138,000-138,000-138,000-138,000-138,000-138,000-1,750,000-1,750,000-1,750,000-1,750,000-1,750,000000-417,000000
   Other Stockholders Equity 
0
0
0
0
8,278,000
7,586,000
7,294,000
-1,750,000
-1,750,000
-1,750,000
-1,750,000
-1,750,000
-138,000
-138,000
-138,000
-138,000
-138,000
-138,000
-138,000
-138,000
-138,000
-138,000
-138,000
-136,000
-130,000
-105,000
-104,000
-104,000
-103,000
-302,000
-302,000
-302,000
-536,000
-765,000
-901,000
-900,000
-900,000
-897,000
-897,000
-897,000
-885,000
-986,000
-386,000
-441,000
-433,000
-428,000
-426,000
-424,000
-373,000
-372,000
-370,000
-328,000
-320,000
-317,000
-313,000
-246,000
-236,000
-488,000
-838,000
-1,206,000
-1,658,000
-2,034,000
-2,129,000
-2,581,000
-3,074,000
-3,847,000
-1,616,000
-1,559,000
-1,440,000
-1,674,000
-727,000
-618,000
-854,000
-798,000
-781,000
-764,000
-749,000
-739,000
-733,000
-712,000
-709,000
-699,000
-1,840,000
-3,447,000
-3,876,000
-1,327,000
-1,798,000
-2,988,000
-4,071,000
-2,278,000
-2,761,000
-2,920,000
-2,886,000
-698,000
-1,092,000
-1,407,000
-1,141,000
-460,000
-5,810,000
-5,810,000-460,000-1,141,000-1,407,000-1,092,000-698,000-2,886,000-2,920,000-2,761,000-2,278,000-4,071,000-2,988,000-1,798,000-1,327,000-3,876,000-3,447,000-1,840,000-699,000-709,000-712,000-733,000-739,000-749,000-764,000-781,000-798,000-854,000-618,000-727,000-1,674,000-1,440,000-1,559,000-1,616,000-3,847,000-3,074,000-2,581,000-2,129,000-2,034,000-1,658,000-1,206,000-838,000-488,000-236,000-246,000-313,000-317,000-320,000-328,000-370,000-372,000-373,000-424,000-426,000-428,000-433,000-441,000-386,000-986,000-885,000-897,000-897,000-897,000-900,000-900,000-901,000-765,000-536,000-302,000-302,000-302,000-103,000-104,000-104,000-105,000-130,000-136,000-138,000-138,000-138,000-138,000-138,000-138,000-138,000-138,000-138,000-138,000-138,000-1,750,000-1,750,000-1,750,000-1,750,000-1,750,0007,294,0007,586,0008,278,0000000



5.4. Balance Sheets

Currency in USD. All numbers in thousands.