Ameris Bancorp
Buy, Hold or Sell?

Let's analyse Ameris Bancorp together

Penke I guess you are interested in Ameris Bancorp. 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 Ameris Bancorp. 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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Ameris Bancorp (30 sec.)

What can you expect buying and holding a share of Ameris Bancorp? (30 sec.)

How much money do you get?

$0.60

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$49.64

Expected worth in 1 year

$53.21

How sure are you?

90.0%

+ What do you gain per year?

Total Gains per Share

$4.17

Return On Investment

9.0%

For what price can you sell your share?

Current Price per Share

$46.28

Expected price per share

$39.21 - $48.66

How sure are you?

50%

1. Valuation of Ameris Bancorp (5 min.)

Live pricePrice per Share (EOD)

$46.28

Book Value per Share

$49.64

Intrinsic Value Per Share

$-188.87 - $90.57

Total Value Per Share

$-139.23 - $140.21

My calculation of the intrinsic value of Ameris Bancorp is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.36) 3Y: ($1.79) TTM: ($1.67)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.04) 3Y: ($-0.36) TTM: ($0.43)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-2.02	$7.46	$-4.27 - $7.86
2	$-9.13	$15.36	$-9.99 - $8.54
3	$-20.75	$23.65	$-15.71 - $9.22
4	$-36.34	$32.32	$-21.43 - $9.90
5	$-55.42	$41.32	$-27.15 - $10.58
6	$-77.54	$50.64	$-32.87 - $11.26
7	$-102.30	$60.25	$-38.59 - $11.94
8	$-129.33	$70.13	$-44.31 - $12.63
9	$-158.28	$80.24	$-50.03 - $13.31
10	$-188.87	$90.57	$-55.75 - $13.99

2. Growth of Ameris Bancorp (5 min.)

Is Ameris Bancorp growing?

	Current year	Previous year	Grow	Grow %
How rich?	$3.4b	$3b	$15.7b	83.6%

How much money is Ameris Bancorp making?

	Current year	Previous year	Grow	Grow %
Making money	$67.2m	$86.6m	-$19.3m	-28.8%
Net Profit Margin	22.9%	471.9%	-	-

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

Quarterly Yearly

3. Financial Health of Ameris Bancorp (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Ameris Bancorp? (5 min.)

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

What can you expect buying and holding a share of Ameris Bancorp?

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

Speculation

The Price per Share of Ameris Bancorp is $46.28. 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 Ameris Bancorp.
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 Ameris Bancorp, 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 $49.64. Based on the TTM, the Book Value Change Per Share is $0.89 per quarter. Based on the YOY, the Book Value Change Per Share is $0.88 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 $0.15 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Ameris Bancorp.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.96	2.1%	0.97	2.1%	1.25	2.7%	1.02	2.2%	0.64	1.4%
Usd Book Value Change Per Share	-303.23	-655.2%	0.89	1.9%	0.88	1.9%	1.43	3.1%	1.13	2.4%
Usd Dividend Per Share	0.15	0.3%	0.15	0.3%	0.15	0.3%	0.14	0.3%	0.09	0.2%
Usd Total Gains Per Share	-303.08	-654.9%	1.04	2.3%	1.03	2.2%	1.57	3.4%	1.21	2.6%
Usd Price Per Share	53.05	-	40.56	-	43.98	-	40.37	-	38.15	-
Price to Earnings Ratio	13.89	-	10.52	-	8.85	-	11.90	-	34.18	-
Price-to-Total Gains Ratio	-0.18	-	3.66	-	45.13	-	25.37	-	35.02	-
Price to Book Ratio	1.07	-	0.35	-	0.98	-	0.95	-	2.40	-
Price-to-Total Gains Ratio	-0.18	-	3.66	-	45.13	-	25.37	-	35.02	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	46.28
Number of shares	21

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.15	0.14
Usd Book Value Change Per Share	0.89	1.43
Usd Total Gains Per Share	1.04	1.57
Gains per Quarter (21 shares)	21.89	32.87
Gains per Year (21 shares)	87.54	131.47

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	13	75	78	12	120	121
2	25	150	166	23	240	252
3	38	225	254	35	360	383
4	51	300	342	46	480	514
5	63	374	430	58	599	645
6	76	449	518	69	719	776
7	89	524	606	81	839	907
8	101	599	694	93	959	1038
9	114	674	782	104	1079	1169
10	127	749	870	116	1199	1300

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	108.0	8.0	0.0	93.1%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	11.0	1.0	0.0	91.7%	18.0	2.0	0.0	90.0%	36.0	4.0	0.0	90.0%	91.0	24.0	1.0	78.4%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	116.0	0.0	0.0	100.0%
Total Gains per Share	3.0	1.0	0.0	75.0%	11.0	1.0	0.0	91.7%	18.0	2.0	0.0	90.0%	36.0	4.0	0.0	90.0%	98.0	18.0	0.0	84.5%

Fundamentals of Ameris Bancorp

About Ameris Bancorp

https://www.amerisbank.com
Banks - Regional
2765
3490 Piedmont Road NE, Atlanta, GA, United States, 30305
Google Maps Bing Maps

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. It also provides commercial real estate, residential real estate mortgage, agricultural, and commercial and industrial loans; consumer loans, including motor vehicle, home improvement, and home equity loans, as well as loans secured by savings accounts and personal credit lines. In addition, the company originates, administers, and services commercial insurance premium loans, equipment finance loans, and small business administration loans. It operates full service domestic banking offices, and mortgage and loan production offices. The company was founded in 1971 and is headquartered in Atlanta, Georgia.

Fundamental data was last updated by Penke on 2024-04-10 23:18:05.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very efficient.

Liquidity Details

	Compared to previous year	Compared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Ameris Bancorp.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Ameris Bancorp earns for each $1 of revenue.

Above 10% is considered healthy but always compare Ameris Bancorp to the Banks - Regional industry mean.
A Net Profit Margin of 17.0% means that $0.17 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Ameris Bancorp:

The MRQ is 17.0%. The company is making a huge profit. +2
The TTM is 22.9%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	17.0%	TTM	22.9%	-6.0%
TTM	22.9%	YOY	471.9%	-448.9%
TTM	22.9%	5Y	115.8%	-92.9%
5Y	115.8%	10Y	68.3%	+47.5%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	17.0%	18.4%	-1.4%
TTM	22.9%	28.0%	-5.1%
YOY	471.9%	25.2%	+446.7%
5Y	115.8%	22.8%	+93.0%
10Y	68.3%	19.8%	+48.5%

Measures how much net profit Ameris Bancorp earns for each $1 of revenue.

Revenue is the amount of profit Ameris Bancorp generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Ameris Bancorp earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Ameris Bancorp to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

You typically want a high profit margin. This means that for each $1 in sales, Ameris Bancorp makes more profit. This shows the investor how efficiently Ameris Bancorp is operating in general and compared to other companies in the same industry. Ameris Bancorp operates in the Banks - Regional industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Ameris Bancorp. If profit margins remain low (compared to the Banks - Regional industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Ameris Bancorp is 0.17. This means that Ameris Bancorp earned $0.17 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Ameris Bancorp is performing over time. The most recent quarter might be important if Ameris Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ameris Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Ameris Bancorp with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Ameris Bancorp sells assets (profit will increase while costs remain the same).
It won’t show what part of Ameris Bancorp is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Ameris Bancorp

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Ameris Bancorp = 65,934
Total revenue MRQ Ameris Bancorp = 388,462
$65,934 / $388,462 = 0.17 or 17.0%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Ameris Bancorp is using its assets to generate profit.

Above 5% is considered healthy but always compare Ameris Bancorp to the Banks - Regional industry mean.
0.3% Return on Assets means that Ameris Bancorp generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ameris Bancorp:

The MRQ is 0.3%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.3%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.3%	TTM	0.3%	0.0%
TTM	0.3%	YOY	0.4%	-0.1%
TTM	0.3%	5Y	0.3%	-0.1%
5Y	0.3%	10Y	0.3%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.3%	0.1%	+0.2%
TTM	0.3%	0.2%	+0.1%
YOY	0.4%	0.2%	+0.2%
5Y	0.3%	0.2%	+0.1%
10Y	0.3%	0.2%	+0.1%

Shows how efficient Ameris Bancorp is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Ameris Bancorp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Ameris Bancorp is using its resources to generate profit. If the return on assets (0.3%) from Ameris Bancorp are higher than the Banks - Regional mean (0.1%) that means Ameris Bancorp is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Ameris Bancorp is 0.3%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Ameris Bancorp is performing over time. The most recent quarter might be important if Ameris Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ameris Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Ameris Bancorp

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Ameris Bancorp = 65,934
Total assets MRQ (balance sheet) from Ameris Bancorp = 25,312,831
65,934 / 25,312,831 = 0.00 or 0.3%

ROA is an important ratio as it will tell you how effectively Ameris Bancorp is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Ameris Bancorp is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Ameris Bancorp to the Banks - Regional industry mean.
1.9% Return on Equity means Ameris Bancorp generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ameris Bancorp:

The MRQ is 1.9%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.0%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.9%	TTM	2.0%	-0.1%
TTM	2.0%	YOY	2.8%	-0.8%
TTM	2.0%	5Y	2.6%	-0.5%
5Y	2.6%	10Y	2.5%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	1.9%	1.4%	+0.5%
TTM	2.0%	2.5%	-0.5%
YOY	2.8%	2.7%	+0.1%
5Y	2.6%	2.5%	+0.1%
10Y	2.5%	2.8%	-0.3%

Shows how efficient Ameris Bancorp is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Ameris Bancorp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Banks - Regional industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Ameris Bancorp is 1.9%. This means Ameris Bancorp generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Ameris Bancorp is performing over time. The most recent quarter might be important if Ameris Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ameris Bancorp up to 10 years back (depending if Ameris Bancorp existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Ameris Bancorp

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Ameris Bancorp = 65,934
Shareholders equity (balance sheet) MRQ Ameris Bancorp = 3,426,747
65,934 / 3,426,747 = 0.02 or 1.9%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Ameris Bancorp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Ameris Bancorp is operating .

Measures how much profit Ameris Bancorp 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 Ameris Bancorp to the Banks - Regional industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Ameris Bancorp:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	32.4%	-32.4%
TTM	32.4%	YOY	729.6%	-697.2%
TTM	32.4%	5Y	182.8%	-150.4%
5Y	182.8%	10Y	112.2%	+70.6%

Measures how efficient Ameris Bancorp is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Ameris Bancorp to the Banks - Regional industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Ameris Bancorp is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Ameris Bancorp is 0.0%. This means that Ameris Bancorp earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Ameris Bancorp is performing over time. The most recent quarter might be important if Ameris Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ameris Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Ameris Bancorp

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Ameris Bancorp = 0
Total revenue MRQ Ameris Bancorp = 388,462
$0 / $388,462 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Ameris Bancorp is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.15 means that the operating costs are $0.15 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Ameris Bancorp:

The MRQ is 0.154. The company is very efficient in keeping operating costs low. +2
The TTM is -0.287.

Trends

Current period		Compared to		+/-
MRQ	0.154	TTM	-0.287	+0.441
TTM	-0.287	YOY	3.303	-3.589
TTM	-0.287	5Y	0.540	-0.826
5Y	0.540	10Y	0.306	+0.233

Measures how efficient Ameris Bancorp is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Ameris Bancorp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Ameris Bancorp is 15.4%. This means that Ameris Bancorp earned $0.15 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Ameris Bancorp is performing over time. The most recent quarter might be important if Ameris Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ameris Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Ameris Bancorp

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(0 +59,848) \ 388,462 = 0.15

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Ameris Bancorp.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Ameris Bancorp is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.12 means the company has $0.12 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Ameris Bancorp:

The MRQ is 0.119. The company is unable to pay all its short-term debts. -2
The TTM is 0.188. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.119	TTM	0.188	-0.069
TTM	0.188	YOY	0.207	-0.018
TTM	0.188	5Y	177.141	-176.952
5Y	177.141	10Y	142.541	+34.600

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	0.188	0.124	+0.064
YOY	0.207	0.225	-0.018
5Y	177.141	0.219	+176.922
10Y	142.541	0.131	+142.410

Measures if Ameris Bancorp is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Ameris Bancorp if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Ameris Bancorp is 0.12. This means Ameris Bancorp has $0.12 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Ameris Bancorp is performing over time. The most recent quarter might be important if Ameris Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ameris Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Ameris Bancorp

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,173,503 \ 9,835,950) = 0.12

The current ratio measures if Ameris Bancorp is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Ameris Bancorp is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Ameris Bancorp does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Ameris Bancorp is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare Ameris Bancorp to the Banks - Regional industry mean.
A Quick Ratio of 0.12 means the company can pay off $0.12 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ameris Bancorp:

The MRQ is 0.119. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.322. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.119	TTM	0.322	-0.203
TTM	0.322	YOY	0.265	+0.057
TTM	0.322	5Y	195.524	-195.202
5Y	195.524	10Y	130.682	+64.842

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Ameris Bancorp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Ameris Bancorp can pay off its short term debts. This shows if Ameris Bancorp can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Ameris Bancorp is 0.12. This means that Ameris Bancorp can pay off $0.12 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Ameris Bancorp is performing over time. The most recent quarter might be important if Ameris Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ameris Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Ameris Bancorp

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Ameris Bancorp: (-230,470 + 1,402,944 +0) / 9,835,950 = 0.12

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Ameris Bancorp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Ameris Bancorp assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Ameris Bancorp to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.86 means that Ameris Bancorp assets are financed with 86.5% credit (debt) and the remaining percentage (100% - 86.5%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Ameris Bancorp:

The MRQ is 0.865. The company is just able to pay all its debts by selling its assets.
The TTM is 0.270. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.865	TTM	0.270	+0.595
TTM	0.270	YOY	0.871	-0.601
TTM	0.270	5Y	0.750	-0.481
5Y	0.750	10Y	0.824	-0.074

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.865	0.915	-0.050
TTM	0.270	0.917	-0.647
YOY	0.871	0.919	-0.048
5Y	0.750	0.919	-0.169
10Y	0.824	0.927	-0.103

Measures how much % of Ameris Bancorp assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Ameris Bancorp than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Ameris Bancorp to Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Ameris Bancorp is 0.86. This means means that Ameris Bancorp is financed with 86.5% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Ameris Bancorp is performing over time. The most recent quarter might be important if Ameris Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ameris Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Ameris Bancorp has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Ameris Bancorp

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
21,886,084 \ 25,312,831 = 86.5% or 0.86.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Ameris Bancorp is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Ameris Bancorp to the Banks - Regional industry mean.
A Debt to Equity ratio of 638.7% means that company has $6.39 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ameris Bancorp:

The MRQ is 6.387. The company is unable to pay all its debts with equity. -1
The TTM is 2.018. The company is just not able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	6.387	TTM	2.018	+4.369
TTM	2.018	YOY	6.753	-4.735
TTM	2.018	5Y	5.783	-3.765
5Y	5.783	10Y	7.349	-1.566

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	6.387	10.829	-4.442
TTM	2.018	11.013	-8.995
YOY	6.753	11.363	-4.610
5Y	5.783	11.437	-5.654
10Y	7.349	13.038	-5.689

Measures if Ameris Bancorp is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Ameris Bancorp is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Ameris Bancorp is 6.39. This means that Ameris Bancorp can pay off $6.39 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Ameris Bancorp is performing over time. The most recent quarter might be important if Ameris Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ameris Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Ameris Bancorp

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
21,886,084 \ 3,426,747 = 6.39 or 638.7%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Ameris Bancorp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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

Above 15 is considered overpriced but always compare Ameris Bancorp to the Banks - Regional industry mean.
A PE ratio of 13.89 means the investor is paying $13.89 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ameris Bancorp:

The EOD is 12.113. Based on the earnings, the company is underpriced. +1
The MRQ is 13.885. Based on the earnings, the company is underpriced. +1
The TTM is 10.518. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	12.113	MRQ	13.885	-1.772
MRQ	13.885	TTM	10.518	+3.367
TTM	10.518	YOY	8.851	+1.668
TTM	10.518	5Y	11.900	-1.381
5Y	11.900	10Y	34.185	-22.285

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	12.113	7.604	+4.509
MRQ	13.885	6.680	+7.205
TTM	10.518	5.295	+5.223
YOY	8.851	6.943	+1.908
5Y	11.900	9.770	+2.130
10Y	34.185	9.943	+24.242

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

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Ameris Bancorp to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Ameris Bancorp is 13.89. This means the investor is paying $13.89 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Ameris Bancorp is performing over time. The most recent quarter might be important if Ameris Bancorp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ameris Bancorp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Ameris Bancorp

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 69,015 = EPS
PE ratio MRQ = 13.89

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

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

The EOD is 6.875. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 7.881. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 6.178. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	6.875	MRQ	7.881	-1.006
MRQ	7.881	TTM	6.178	+1.704
TTM	6.178	YOY	-77.744	+83.922
TTM	6.178	5Y	-14.902	+21.080
5Y	-14.902	10Y	-16.343	+1.441

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	6.875	-2.126	+9.001
MRQ	7.881	-1.868	+9.749
TTM	6.178	-0.342	+6.520
YOY	-77.744	6.448	-84.192
5Y	-14.902	0.429	-15.331
10Y	-16.343	0.091	-16.434

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 1.07 means the investor is paying $1.07 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Ameris Bancorp:

The EOD is 0.932. Based on the equity, the company is cheap. +2
The MRQ is 1.069. Based on the equity, the company is underpriced. +1
The TTM is 0.346. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.932	MRQ	1.069	-0.136
MRQ	1.069	TTM	0.346	+0.723
TTM	0.346	YOY	0.985	-0.639
TTM	0.346	5Y	0.949	-0.603
5Y	0.949	10Y	2.401	-1.452

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	0.932	0.439	+0.493
MRQ	1.069	0.386	+0.683
TTM	0.346	0.470	-0.124
YOY	0.985	0.642	+0.343
5Y	0.949	0.795	+0.154
10Y	2.401	1.025	+1.376

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Ameris Bancorp

Institutions are holding 93.84% of the shares of Ameris Bancorp.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	14.694	0.0137	10143290	201915	2.0311
2023-12-31	Vanguard Group Inc	10.8183	0.0087	7467880	33386	0.4491
2023-12-31	Dimensional Fund Advisors, Inc.	6.075	0.065	4193610	205750	5.1594
2023-12-31	Wellington Management Company LLP	5.4583	0.0373	3767907	-263856	-6.5444
2023-12-31	State Street Corporation	4.9194	0.0088	3395854	352228	11.5726
2023-12-31	Independent Advisor Alliance	3.6423	4.8045	2514293	201644	8.7192
2023-12-31	American Century Companies Inc	3.6252	0.0913	2502475	-44659	-1.7533
2023-12-31	Goldman Sachs Group Inc	3.3811	0.0111	2333994	1165497	99.7433
2023-09-30	North Reef Capital Management LP	2.8654	4.7931	1978000	-480426	-19.542
2023-12-31	Geode Capital Management, LLC	2.1177	0.0081	1461835	57503	4.0947
2023-12-31	HHG PLC	1.8162	0.0397	1253720	-51	-0.0041
2023-12-31	Nuveen Asset Management, LLC	1.8108	0.0213	1249991	151155	13.7559
2023-12-31	Principal Financial Group Inc	1.7645	0.0412	1218030	-305850	-20.0705
2023-12-31	Ameriprise Financial Inc	1.6532	0.0181	1141209	-52514	-4.3992
2023-12-31	GW&K Investment Management, LLC	1.3467	0.4599	929647	-58772	-5.9461
2023-09-30	FJ Capital Management LLC	1.2598	3.7783	869637	628080	260.0132
2023-12-31	Morgan Stanley - Brokerage Accounts	1.2357	0.004	852995	226713	36.1998
2023-12-31	Victory Capital Management Inc.	1.2247	0.0472	845390	283138	50.3578
2023-12-31	Davis Asset Management, L.P.	1.1589	1.0363	800000	400000	100
2023-12-31	William Blair Investment Management, LLC	1.1537	0.123	796402	-15019	-1.851
Total		72.0209	15.4106	49716159	+2685862	+5.4%

3.2. Funds holding Ameris Bancorp

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	iShares Core S&P Small-Cap ETF	6.3622	0.2627	4391838	0	0
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.0366	0.0063	2096189	-6567	-0.3123
2024-02-29	Vanguard Small Cap Index	2.4496	0.0557	1690950	15723	0.9386
2024-02-29	iShares Russell 2000 ETF	2.3034	0.1181	1590025	0	0
2023-12-31	American Century Small Cap Value Inv	2.2309	1.3866	1540000	-50000	-3.1447
2023-12-31	American Century U.S. Small Cap Value	2.2309	1.3889	1540000	-50000	-3.1447
2024-02-29	Vanguard Small Cap Value Index Inv	1.6696	0.1004	1152531	6201	0.5409
2023-12-31	Janus Henderson Small Cap Value L	1.5799	2.3135	1090640	0	0
2024-01-31	DFA US Small Cap Value I	1.444	0.3269	996793	5658	0.5709
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.3795	0.0432	952257	861	0.0905
2024-02-29	iShares S&P Small-Cap 600 Value ETF	1.1755	0.5343	811419	0	0
2023-12-31	Fidelity Small Cap Index	0.9538	0.1374	658406	7481	1.1493
2024-02-01	iShares Russell 2000 Value ETF	0.8841	0.2527	610282	0	0
2024-02-29	SPDR® Portfolio S&P 600 Sm Cap ETF	0.8455	0.2633	583617	120	0.0206
2024-02-29	Avantis US Small Cap Value ETF	0.8207	0.2578	566561	0	0
2024-01-31	DFA US Targeted Value I	0.7621	0.2025	526081	0	0
2024-02-29	Vanguard Tax-Managed Small Cap Adm	0.7346	0.2644	507101	0	0
2024-02-29	Congress Small Cap Growth Institutional	0.7243	2.2978	500000	0	0
2024-02-29	Dimensional US Targeted Value ETF	0.714	0.2395	492890	161	0.0327
2024-01-31	DFA US Small Cap I	0.7014	0.1632	484145	0	0
Total		33.0026	10.6152	22781725	-70362	-0.3%

3.3. Insider Transactions

Insiders are holding 5.547% of the shares of Ameris Bancorp.

Date	Owner	Type	Amount	Price
2024-03-07	Jon S Edwards	SELL	7500	47.35
2023-05-23	William Millard Choate	BUY	7490	33.38
2023-05-17	William D Mckendry	BUY	1000	30.14
2023-05-15	James A Lahaise	BUY	10000	29.65
2023-05-10	H Palmer Proctor Jr	BUY	10000	29.25
2023-05-10	Nicole S Stokes	BUY	1000	29.07
2023-05-01	James A Lahaise	BUY	10000	33.03

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Ameris Bancorp compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-303.225	0.892	-34112%	0.885	-34378%	1.427	-21346%	1.126	-27021%
Book Value Per Share	-	-	49.641	272.984	-82%	44.643	+11%	84.731	-41%	47.480	+5%
Current Ratio	-	-	0.119	0.188	-37%	0.207	-42%	177.141	-100%	142.541	-100%
Debt To Asset Ratio	-	-	0.865	0.270	+221%	0.871	-1%	0.750	+15%	0.824	+5%
Debt To Equity Ratio	-	-	6.387	2.018	+216%	6.753	-5%	5.783	+10%	7.349	-13%
Dividend Per Share	-	-	0.150	0.151	-1%	0.150	0%	0.138	+9%	0.087	+72%
Eps	-	-	0.955	0.974	-2%	1.248	-23%	1.020	-6%	0.635	+50%
Free Cash Flow Per Share	-	-	1.683	1.666	+1%	3.776	-55%	0.955	+76%	0.363	+363%
Free Cash Flow To Equity Per Share	-	-	-6.944	0.994	-799%	6.901	-201%	5.490	-226%	3.480	-300%
Gross Profit Margin	-	-	0.955	0.955	0%	0.964	-1%	0.957	0%	0.930	+3%
Intrinsic Value_10Y_max	-	-	90.572	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-188.868	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	7.463	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-2.021	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	23.652	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-20.751	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	41.324	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-55.423	-	-	-	-	-	-	-	-
Market Cap	3194717656.000	-15%	3662052110.000	2802411044.500	+31%	3053185647.340	+20%	2802721896.193	+31%	2641868157.196	+39%
Net Profit Margin	-	-	0.170	0.229	-26%	4.719	-96%	1.158	-85%	0.683	-75%
Operating Margin	-	-	-	0.324	-100%	7.296	-100%	1.828	-100%	1.122	-100%
Operating Ratio	-	-	0.154	-0.287	+286%	3.303	-95%	0.540	-71%	0.306	-50%
Pb Ratio	0.932	-15%	1.069	0.346	+209%	0.985	+9%	0.949	+13%	2.401	-55%
Pe Ratio	12.113	-15%	13.885	10.518	+32%	8.851	+57%	11.900	+17%	34.185	-59%
Price Per Share	46.280	-15%	53.050	40.558	+31%	43.978	+21%	40.368	+31%	38.155	+39%
Price To Free Cash Flow Ratio	6.875	-15%	7.881	6.178	+28%	-77.744	+1086%	-14.902	+289%	-16.343	+307%
Price To Total Gains Ratio	-0.153	+13%	-0.175	3.655	-105%	45.133	-100%	25.373	-101%	35.019	-100%
Quick Ratio	-	-	0.119	0.322	-63%	0.265	-55%	195.524	-100%	130.682	-100%
Return On Assets	-	-	0.003	0.003	0%	0.004	-28%	0.003	-21%	0.003	-11%
Return On Equity	-	-	0.019	0.020	-5%	0.028	-31%	0.026	-25%	0.025	-24%
Total Gains Per Share	-	-	-303.076	1.042	-29181%	1.034	-29399%	1.565	-19465%	1.214	-25075%
Usd Book Value	-	-	3426747000.000	18869438500.000	-82%	3099251250.000	+11%	5868432050.000	-42%	3287269125.000	+4%
Usd Book Value Change Per Share	-	-	-303.225	0.892	-34112%	0.885	-34378%	1.427	-21346%	1.126	-27021%
Usd Book Value Per Share	-	-	49.641	272.984	-82%	44.643	+11%	84.731	-41%	47.480	+5%
Usd Dividend Per Share	-	-	0.150	0.151	-1%	0.150	0%	0.138	+9%	0.087	+72%
Usd Eps	-	-	0.955	0.974	-2%	1.248	-23%	1.020	-6%	0.635	+50%
Usd Free Cash Flow	-	-	116164000.000	115138000.000	+1%	262226250.000	-56%	66081849.950	+76%	25166374.975	+362%
Usd Free Cash Flow Per Share	-	-	1.683	1.666	+1%	3.776	-55%	0.955	+76%	0.363	+363%
Usd Free Cash Flow To Equity Per Share	-	-	-6.944	0.994	-799%	6.901	-201%	5.490	-226%	3.480	-300%
Usd Market Cap	3194717656.000	-15%	3662052110.000	2802411044.500	+31%	3053185647.340	+20%	2802721896.193	+31%	2641868157.196	+39%
Usd Price Per Share	46.280	-15%	53.050	40.558	+31%	43.978	+21%	40.368	+31%	38.155	+39%
Usd Profit	-	-	65934000.000	67276250.000	-2%	86635000.000	-24%	70799350.000	-7%	44055800.000	+50%
Usd Revenue	-	-	388462000.000	301015500.000	+29%	142282750.000	+173%	228443500.000	+70%	153734475.000	+153%
Usd Total Gains Per Share	-	-	-303.076	1.042	-29181%	1.034	-29399%	1.565	-19465%	1.214	-25075%
	EOD	+5 -3	MRQ	TTM	+7 -29	YOY	+10 -26	5Y	+10 -26	10Y	+20 -16

4.2. Fundamental Score

Let's check the fundamental score of Ameris Bancorp based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	12.113
Price to Book Ratio (EOD)	Between	0-1	0.932
Net Profit Margin (MRQ)	Greater than	0	0.170
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.119
Current Ratio (MRQ)	Greater than	1	0.119
Debt to Asset Ratio (MRQ)	Less than	1	0.865
Debt to Equity Ratio (MRQ)	Less than	1	6.387
Return on Equity (MRQ)	Greater than	0.15	0.019
Return on Assets (MRQ)	Greater than	0.05	0.003
Total			4/10 (40.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of Ameris Bancorp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	50.192
Ma 20	Greater than	Ma 50	46.400
Ma 50	Greater than	Ma 100	46.556
Ma 100	Greater than	Ma 200	48.156
Open	Greater than	Close	44.560
Total			2/5 (40.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Reversals in quarterly reports

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Net Debt	1,719,491	544,256	2,263,747	-881,991	1,381,756	-283,523	1,098,233	-1,567,115	-468,882
Long-term Assets Other	-132,842	-2,980,896	-3,113,738	70,105	-3,043,633	47,151	-2,996,482	24,313,093	21,316,611
Cash and Short Term Investments	1,784,627	-21,391	1,763,236	-18,328	1,744,908	-79,690	1,665,218	-1,895,688	-230,470

Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	25,312,831
Total Liabilities	21,886,084
Total Stockholder Equity	3,426,747

	As reported
Total Liabilities	21,886,084
Total Stockholder Equity	+ 3,426,747
Total Assets	= 25,312,831

Assets

Total Assets	25,312,831
Total Current Assets	1,173,503
Long-term Assets	24,139,328

Total Current Assets

Total Current Assets (as reported)	1,173,503
Cash And Cash Equivalents	1,167,304
Short-term Investments	1,402,944
Total Current Assets (calculated)	2,570,248
+/-	1,396,745

Long-term Assets

Long-term Assets (as reported)	24,139,328
Property Plant Equipment	266,299
Goodwill	1,015,646
Long Term Investments	1,616,250
Intangible Assets	87,949
Long-term Assets Other	21,316,611
Long-term Assets (calculated)	24,302,755
+/-	163,427

Liabilities & Shareholders' Equity

Total Current Liabilities	9,835,950
Long-term Liabilities	12,050,134
Total Stockholder Equity	3,426,747

Total Current Liabilities

Total Current Liabilities (as reported)	9,835,950
Short-term Debt	11,245
Other Current Liabilities	9,824,705
Total Current Liabilities (calculated)	9,835,950
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	12,050,134
Long term Debt	639,901
Long-term Liabilities (calculated)	639,901
+/-	11,410,233

Total Stockholder Equity

Total Stockholder Equity (as reported)	3,426,747
Common Stock	72,516
Retained Earnings	1,539,957
Accumulated Other Comprehensive Income	-35,939
Other Stockholders Equity	1,850,213
Total Stockholder Equity (calculated)	3,426,747
+/-	0

Other

Capital Stock	72,516
Cash and Short Term Investments	-230,470
Common Stock Shares Outstanding	69,015
Liabilities and Stockholders Equity	25,312,831
Net Debt	-468,882
Net Invested Capital	4,066,648
Net Working Capital	-8,662,447
Property Plant and Equipment Gross	337,793
Short Long Term Debt Total	698,422

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

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

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

> Total Assets

0
272,000
0
292,800
293,900
300,300
314,000
341,500
335,600
451,700
576,600
635,000
631,700
642,500
685,400
691,900
707,200
699,900
700,000
724,900
706,200
721,300
751,400
789,500
772,153
802,879
812,716
826,197
828,570
903,040
1,091,171
1,176,886
1,138,374
1,127,045
1,163,825
1,192,477
1,174,161
1,155,206
1,137,532
1,168,044
1,168,385
1,157,156
1,184,991
1,267,993
1,260,031
1,305,156
1,370,439
1,697,209
1,738,891
1,783,344
1,945,904
2,047,542
2,036,413
2,049,073
2,112,063
2,118,243
2,193,021
2,193,021
2,257,643
2,407,090
2,346,278
2,285,245
2,207,475
2,423,970
2,351,658
2,421,910
2,434,703
2,972,168
2,918,423
2,857,237
3,010,379
2,994,307
3,043,234
2,920,311
2,949,383
3,019,052
2,861,651
2,808,675
2,818,502
3,667,649
3,487,984
3,973,135
3,999,408
4,037,511
4,152,904
5,205,734
5,216,300
5,588,940
6,097,771
6,221,294
6,493,495
6,892,031
7,094,856
7,397,858
7,649,820
7,856,203
8,022,828
11,190,697
11,428,994
11,443,515
11,656,275
11,889,336
17,764,277
18,242,579
18,224,548
19,872,629
19,873,851
20,438,638
21,427,127
21,886,931
22,533,141
23,858,321
23,560,292
23,687,470
23,813,657
25,053,286
26,088,384
25,800,618
25,697,830
25,312,831

25,312,831

25,697,830

25,800,618

26,088,384

25,053,286

23,813,657

23,687,470

23,560,292

23,858,321

22,533,141

21,886,931

21,427,127

20,438,638

19,873,851

19,872,629

18,224,548

18,242,579

17,764,277

11,889,336

11,656,275

11,443,515

11,428,994

11,190,697

8,022,828

7,856,203

7,649,820

7,397,858

7,094,856

6,892,031

6,493,495

6,221,294

6,097,771

5,588,940

5,216,300

5,205,734

4,152,904

4,037,511

3,999,408

3,973,135

3,487,984

3,667,649

2,818,502

2,808,675

2,861,651

3,019,052

2,949,383

2,920,311

3,043,234

2,994,307

3,010,379

2,857,237

2,918,423

2,972,168

2,434,703

2,421,910

2,351,658

2,423,970

2,207,475

2,285,245

2,346,278

2,407,090

2,257,643

2,193,021

2,118,243

2,112,063

2,049,073

2,036,413

2,047,542

1,945,904

1,783,344

1,738,891

1,697,209

1,370,439

1,305,156

1,260,031

1,267,993

1,184,991

1,157,156

1,168,385

1,168,044

1,137,532

1,155,206

1,174,161

1,192,477

1,163,825

1,127,045

1,138,374

1,176,886

1,091,171

903,040

828,570

826,197

812,716

802,879

772,153

789,500

751,400

721,300

706,200

724,900

700,000

699,900

707,200

691,900

685,400

642,500

631,700

635,000

576,600

451,700

335,600

341,500

314,000

300,300

293,900

292,800

272,000

> Total Current Assets

0
16,300
0
20,100
16,500
20,300
18,500
23,600
16,900
19,600
27,200
40,900
30,700
27,400
30,400
663,500
38,500
43,600
49,500
697,400
40,000
40,800
46,200
762,400
38,684
31,122
28,823
799,662
40,891
50,974
80,925
1,124,751
1,086,358
1,075,519
124
965,298
934,240
923,030
909,694
929,395
925,034
915,948
950,011
998,242
993,403
1,030,217
1,106,107
1,372,742
1,376,159
1,436,532
1,588,519
1,650,267
1,628,646
1,635,967
1,694,587
1,694,421
1,767,448
1,767,448
1,835,412
1,906,018
1,873,094
1,897,547
1,826,198
2,099,931
2,026,490
2,106,372
2,122,397
2,565,341
2,529,079
2,441,881
2,582,176
2,567,132
2,582,586
2,465,532
2,501,360
2,585,332
2,456,122
2,411,302
2,429,901
3,020,340
2,893,993
3,258,324
3,290,467
3,315,978
3,364,508
4,102,786
4,164,918
4,567,653
4,979,715
5,092,549
5,367,585
5,775,655
5,964,608
6,274,652
6,522,823
6,746,294
6,804,560
9,289,416
9,524,277
9,529,104
9,708,120
9,888,656
14,957,905
15,515,932
15,540,505
17,318,803
17,473,639
203,349
19,312,452
19,830,306
20,541,736
857,428
836,520
3,359,104
1,524,342
1,784,627
1,763,236
1,744,908
1,665,218
1,173,503

1,173,503

1,665,218

1,744,908

1,763,236

1,784,627

1,524,342

3,359,104

836,520

857,428

20,541,736

19,830,306

19,312,452

203,349

17,473,639

17,318,803

15,540,505

15,515,932

14,957,905

9,888,656

9,708,120

9,529,104

9,524,277

9,289,416

6,804,560

6,746,294

6,522,823

6,274,652

5,964,608

5,775,655

5,367,585

5,092,549

4,979,715

4,567,653

4,164,918

4,102,786

3,364,508

3,315,978

3,290,467

3,258,324

2,893,993

3,020,340

2,429,901

2,411,302

2,456,122

2,585,332

2,501,360

2,465,532

2,582,586

2,567,132

2,582,176

2,441,881

2,529,079

2,565,341

2,122,397

2,106,372

2,026,490

2,099,931

1,826,198

1,897,547

1,873,094

1,906,018

1,835,412

1,767,448

1,694,421

1,694,587

1,635,967

1,628,646

1,650,267

1,588,519

1,436,532

1,376,159

1,372,742

1,106,107

1,030,217

993,403

998,242

950,011

915,948

925,034

929,395

909,694

923,030

934,240

965,298

124

1,075,519

1,086,358

1,124,751

80,925

50,974

40,891

799,662

28,823

31,122

38,684

762,400

46,200

40,800

40,000

697,400

49,500

43,600

38,500

663,500

30,400

27,400

30,700

40,900

27,200

19,600

16,900

23,600

18,500

20,300

16,500

20,100

16,300

Cash And Cash Equivalents

0
16,300
0
20,100
16,500
20,300
18,500
23,600
16,900
19,600
27,200
40,900
30,700
27,400
30,400
36,300
38,500
43,600
49,500
56,500
40,000
40,800
46,200
80,100
38,684
31,122
28,823
43,363
40,891
50,974
80,925
157,475
103,190
65,468
124,465
123,077
99,874
75,309
53,073
80,480
75,780
46,417
69,219
97,670
94,429
58,018
47,548
145,274
67,570
63,894
54,093
192,649
49,640
50,328
71,826
63,401
47,720
47,720
119,007
166,170
192,528
46,773
43,761
276,098
68,859
54,444
43,814
307,043
88,386
68,552
55,761
294,570
64,963
60,126
57,289
80,256
50,487
50,343
53,516
62,955
71,387
80,986
69,421
78,036
80,142
115,413
114,396
118,518
146,863
116,255
123,270
127,164
127,164
139,500
131,071
139,313
123,945
163,097
170,011
182,848
152,172
151,934
194,475
246,483
255,561
293,148
257,275
2,097,555
224,408
259,729
239,028
264,807
257,316
345,627
269,193
284,567
266,400
284,552
241,137
1,167,304

1,167,304

241,137

284,552

266,400

284,567

269,193

345,627

257,316

264,807

239,028

259,729

224,408

2,097,555

257,275

293,148

255,561

246,483

194,475

151,934

152,172

182,848

170,011

163,097

123,945

139,313

131,071

139,500

127,164

123,270

116,255

146,863

118,518

114,396

115,413

80,142

78,036

69,421

80,986

71,387

62,955

53,516

50,343

50,487

80,256

57,289

60,126

64,963

294,570

55,761

68,552

88,386

307,043

43,814

54,444

68,859

276,098

43,761

46,773

192,528

166,170

119,007

47,720

63,401

71,826

50,328

49,640

192,649

54,093

63,894

67,570

145,274

47,548

58,018

94,429

97,670

69,219

46,417

75,780

80,480

53,073

75,309

99,874

123,077

124,465

65,468

103,190

157,475

80,925

50,974

40,891

43,363

28,823

31,122

38,684

80,100

46,200

40,800

40,000

56,500

49,500

43,600

38,500

36,300

30,400

27,400

30,700

40,900

27,200

19,600

16,900

23,600

18,500

20,300

16,500

20,100

16,300

Short-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
4,952
0
0
0
106,216
0
0
138,254
77,979
191,406
184,030
179,919
35,626
195,129
192,784
186,586
69,616
210,938
218,371
207,832
99,781
273,031
257,283
266,546
267,343
300,322
300,642
0
297,589
293,601
0
287,790
144,383
5,702
6,229
4,441
7,260
7,260
7,531
7,106
12,440
12,436
10,354
11,089
9,878
10,967
7,884
7,003
346,909
324,029
316,168
312,248
486,235
456,713
535,630
529,509
541,805
610,330
862,154
811,385
783,185
837,103
843,646
838,124
822,735
830,765
818,693
819,593
810,873
848,585
1,153,703
1,162,570
1,192,423
1,234,435
1,273,244
1,491,207
1,403,403
1,353,040
1,238,896
1,117,436
982,879
859,652
778,167
684,504
592,621
579,204
1,052,268
1,255,149
1,500,060
1,496,836
1,460,356
1,424,081
1,402,944

1,402,944

1,424,081

1,460,356

1,496,836

1,500,060

1,255,149

1,052,268

579,204

592,621

684,504

778,167

859,652

982,879

1,117,436

1,238,896

1,353,040

1,403,403

1,491,207

1,273,244

1,234,435

1,192,423

1,162,570

1,153,703

848,585

810,873

819,593

818,693

830,765

822,735

838,124

843,646

837,103

783,185

811,385

862,154

610,330

541,805

529,509

535,630

456,713

486,235

312,248

316,168

324,029

346,909

7,003

7,884

10,967

9,878

11,089

10,354

12,436

12,440

7,106

7,531

7,260

4,441

6,229

5,702

144,383

287,790

293,601

297,589

300,642

300,322

267,343

266,546

257,283

273,031

99,781

207,832

218,371

210,938

69,616

186,586

192,784

195,129

35,626

179,919

184,030

191,406

77,979

138,254

106,216

4,952

Net Receivables

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
45,840
45,827
0
0
177,187
167,176
160,927
239,719
242,394
220,016
203,801
198,440
159,724
160,979
105,513
81,763
65,441
53,181
49,180
38,233
31,351
23,312
14,957
4,506
6,301
1,197
3,869,554
4,135,166
4,613,932
5,296,264
5,645,740
5,931,056
6,020,564
6,163,971
8,459,002
8,501,402
8,483,095
8,453,680
9,018,077
12,790,754
0
12,944,582
14,294,364
14,711,669
14,281,503
14,421,235
0
0
0
0
0
0
0
0
0
0
0

14,421,235

14,281,503

14,711,669

14,294,364

12,944,582

12,790,754

9,018,077

8,453,680

8,483,095

8,501,402

8,459,002

6,163,971

6,020,564

5,931,056

5,645,740

5,296,264

4,613,932

4,135,166

3,869,554

1,197

6,301

4,506

14,957

23,312

31,351

38,233

49,180

53,181

65,441

81,763

105,513

160,979

159,724

198,440

203,801

220,016

242,394

239,719

160,927

167,176

177,187

45,827

45,840

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
627,200
0
0
0
640,900
0
0
0
682,300
0
0
0
756,299
0
0
0
967,276
983,168
1,010,051
-124,341
842,221
834,366
847,721
856,621
848,915
849,254
869,531
880,792
900,572
898,974
972,199
1,058,559
1,227,468
1,308,589
1,372,638
1,534,426
1,457,618
1,579,006
1,585,639
1,622,761
1,631,020
1,719,728
1,719,728
1,716,405
1,739,848
1,674,864
1,682,990
1,663,661
1,770,733
1,703,610
1,804,101
1,764,390
2,068,671
2,261,081
1,983,718
2,275,607
2,020,290
2,092,468
2,193,721
2,238,628
1,804,766
1,920,627
1,939,278
1,982,374
2,215,645
2,312,712
2,592,528
2,653,304
2,577,963
2,650,724
3,110,262
3,234,631
3,393,104
3,994,552
4,132,648
4,406,191
4,754,535
5,006,679
5,316,459
5,572,159
5,604,773
5,832,030
7,972,616
8,191,696
7,681,390
8,321,513
8,463,478
13,272,223
13,514,844
13,931,904
15,786,759
16,098,928
-2,877,085
18,228,392
18,792,410
19,618,204
20,916,912
3,541,144
1,961,209
1,393,839
1,196,017
2,090,355
1,395,100
1,623,470
1,173,503

1,173,503

1,623,470

1,395,100

2,090,355

1,196,017

1,393,839

1,961,209

3,541,144

20,916,912

19,618,204

18,792,410

18,228,392

-2,877,085

16,098,928

15,786,759

13,931,904

13,514,844

13,272,223

8,463,478

8,321,513

7,681,390

8,191,696

7,972,616

5,832,030

5,604,773

5,572,159

5,316,459

5,006,679

4,754,535

4,406,191

4,132,648

3,994,552

3,393,104

3,234,631

3,110,262

2,650,724

2,577,963

2,653,304

2,592,528

2,312,712

2,215,645

1,982,374

1,939,278

1,920,627

1,804,766

2,238,628

2,193,721

2,092,468

2,020,290

2,275,607

1,983,718

2,261,081

2,068,671

1,764,390

1,804,101

1,703,610

1,770,733

1,663,661

1,682,990

1,674,864

1,739,848

1,716,405

1,719,728

1,631,020

1,622,761

1,585,639

1,579,006

1,457,618

1,534,426

1,372,638

1,308,589

1,227,468

1,058,559

972,199

898,974

900,572

880,792

869,531

849,254

848,915

856,621

847,721

834,366

842,221

-124,341

1,010,051

983,168

967,276

756,299

682,300

640,900

627,200

> Long-term Assets

0
52,000
0
53,700
53,400
54,700
54,400
57,100
64,100
87,600
111,800
133,700
136,400
130,400
148,200
28,400
149,900
134,900
138,000
27,500
169,000
159,100
167,700
27,100
168,609
181,573
181,184
26,535
169,285
175,628
193,522
52,135
52,016
51,526
24,035
227,179
239,921
232,176
227,838
238,649
243,351
241,208
234,980
269,751
266,628
274,939
264,332
324,467
362,732
346,812
357,385
397,275
407,767
413,106
417,476
423,822
425,573
425,573
422,231
501,072
473,184
387,698
381,277
324,039
325,160
315,538
312,306
406,827
389,344
415,356
428,203
427,175
460,648
454,779
448,023
433,720
405,529
397,373
388,601
647,309
593,991
714,811
708,941
721,099
788,396
1,102,948
1,051,382
1,021,287
1,118,056
1,128,745
1,125,910
1,116,376
1,130,248
1,123,206
1,126,997
1,109,909
1,218,268
1,901,281
1,904,717
1,914,411
1,948,155
2,000,680
2,806,372
2,726,647
2,684,043
2,553,826
2,400,212
999,979
2,114,675
2,056,625
1,991,405
2,083,981
2,087,448
2,576,340
2,802,591
3,088,039
3,113,738
3,043,633
2,996,482
24,139,328

24,139,328

2,996,482

3,043,633

3,113,738

3,088,039

2,802,591

2,576,340

2,087,448

2,083,981

1,991,405

2,056,625

2,114,675

999,979

2,400,212

2,553,826

2,684,043

2,726,647

2,806,372

2,000,680

1,948,155

1,914,411

1,904,717

1,901,281

1,218,268

1,109,909

1,126,997

1,123,206

1,130,248

1,116,376

1,125,910

1,128,745

1,118,056

1,021,287

1,051,382

1,102,948

788,396

721,099

708,941

714,811

593,991

647,309

388,601

397,373

405,529

433,720

448,023

454,779

460,648

427,175

428,203

415,356

389,344

406,827

312,306

315,538

325,160

324,039

381,277

387,698

473,184

501,072

422,231

425,573

423,822

417,476

413,106

407,767

397,275

357,385

346,812

362,732

324,467

264,332

274,939

266,628

269,751

234,980

241,208

243,351

238,649

227,838

232,176

239,921

227,179

24,035

51,526

52,016

52,135

193,522

175,628

169,285

26,535

181,184

181,573

168,609

27,100

167,700

159,100

169,000

27,500

138,000

134,900

149,900

28,400

148,200

130,400

136,400

133,700

111,800

87,600

64,100

57,100

54,400

54,700

53,400

53,700

52,000

Property Plant Equipment

0
7,300
0
7,200
7,200
7,200
7,000
6,900
7,200
10,100
12,900
15,600
16,500
17,200
18,600
19,100
19,200
18,900
19,600
19,100
19,200
19,500
19,300
19,500
19,819
20,232
20,060
19,703
19,461
19,718
24,138
26,821
27,111
27,030
26,637
25,327
25,222
25,108
25,137
25,537
25,902
26,302
26,469
27,772
27,870
28,218
28,355
39,606
40,194
40,625
42,266
46,604
47,251
52,385
59,132
60,053
63,291
63,291
65,868
66,107
65,152
67,334
67,641
67,637
66,523
66,708
66,056
66,589
66,359
65,925
71,848
73,124
72,755
75,192
75,609
75,983
72,340
70,167
65,661
103,188
87,430
99,495
98,752
97,251
98,292
124,916
124,756
121,639
124,747
123,978
122,191
121,217
121,610
121,108
119,458
117,738
116,381
144,484
145,885
145,410
167,437
141,378
239,428
233,102
231,347
230,118
231,278
222,890
231,550
229,994
226,430
225,400
224,293
224,249
222,694
220,283
218,878
218,662
217,564
266,299

266,299

217,564

218,662

218,878

220,283

222,694

224,249

224,293

225,400

226,430

229,994

231,550

222,890

231,278

230,118

231,347

233,102

239,428

141,378

167,437

145,410

145,885

144,484

116,381

117,738

119,458

121,108

121,610

121,217

122,191

123,978

124,747

121,639

124,756

124,916

98,292

97,251

98,752

99,495

87,430

103,188

65,661

70,167

72,340

75,983

75,609

75,192

72,755

73,124

71,848

65,925

66,359

66,589

66,056

66,708

66,523

67,637

67,641

67,334

65,152

66,107

65,868

63,291

60,053

59,132

52,385

47,251

46,604

42,266

40,625

40,194

39,606

28,355

28,218

27,870

27,772

26,469

26,302

25,902

25,537

25,137

25,108

25,222

25,327

26,637

27,030

27,111

26,821

24,138

19,718

19,461

19,703

20,060

20,232

19,819

19,500

19,300

19,500

19,200

19,100

19,600

18,900

19,200

19,100

18,600

17,200

16,500

15,600

12,900

10,100

7,200

6,900

7,000

7,200

7,300

Goodwill

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
19,240
19,240
19,240
19,240
19,240
19,240
19,240
19,240
19,231
19,231
19,231
19,231
5,094
24,325
25,054
25,054
18,251
43,304
42,933
42,933
54,365
54,419
54,629
54,813
54,675
54,813
54,813
54,813
54,813
54,813
54,813
54,813
0
0
0
0
956
956
956
956
956
956
956
956
956
956
956
956
35,049
35,049
58,903
58,879
63,547
63,547
87,367
87,701
90,082
121,512
121,422
122,545
125,532
126,419
125,532
125,532
125,532
208,513
504,764
505,604
503,434
501,308
501,140
911,488
931,637
931,947
928,005
928,005
928,005
928,005
928,005
928,005
1,012,620
1,022,345
1,023,056
1,023,071
1,015,646
1,015,646
1,015,646
1,015,646
1,015,646

1,015,646

1,023,071

1,023,056

1,022,345

1,012,620

928,005

931,947

931,637

911,488

501,140

501,308

503,434

505,604

504,764

208,513

125,532

126,419

125,532

122,545

121,422

121,512

90,082

87,701

87,367

63,547

58,879

58,903

35,049

956

54,813

54,675

54,813

54,629

54,419

54,365

42,933

43,304

18,251

25,054

24,325

5,094

19,231

19,240

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,822,383
1,949,041
1,889,860
1,974,362
1,968,571
1,996,219
1,990,372
1,977,955
2,045,471
2,060,460
2,519,173
2,543,616
2,873,648
2,936,606
2,919,276
82,432
140,718
121,129
120,505
110,241
121,882
150,841
135,388
153,255
200,591
195,315
248,176
150,085
1,342,993
1,336,370
1,325,394
1,372,519
1,576,304
2,761,464
1,470,322
2,833,023
3,051,746
2,579,654
2,178,740
2,396,800
834,843
776,574
720,023
720,053
1,213,422
358,547
1,745,916
1,777,726
1,712,525
1,670,897
1,616,250

1,616,250

1,670,897

1,712,525

1,777,726

1,745,916

358,547

1,213,422

720,053

720,023

776,574

834,843

2,396,800

2,178,740

2,579,654

3,051,746

2,833,023

1,470,322

2,761,464

1,576,304

1,372,519

1,325,394

1,336,370

1,342,993

150,085

248,176

195,315

200,591

153,255

135,388

150,841

121,882

110,241

120,505

121,129

140,718

82,432

2,919,276

2,936,606

2,873,648

2,543,616

2,519,173

2,060,460

2,045,471

1,977,955

1,990,372

1,996,219

1,968,571

1,974,362

1,889,860

1,949,041

1,822,383

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,435
7,234
7,392
6,832
6,631
9,961
21,458
25,314
24,905
24,496
4,795
23,549
4,053
3,798
3,542
22,517
3,089
2,891
2,694
1,209
3,495
3,296
3,091
3,525
6,203
5,971
5,640
60,464
5,775
5,450
4,802
4,509
4,217
4,217
3,924
58,444
3,485
3,339
3,193
3,586
3,364
3,314
3,097
4,261
3,973
3,745
3,471
3,250
4,179
3,767
3,404
3,040
2,676
2,318
1,972
6,009
5,477
9,812
9,114
8,221
7,591
19,189
18,218
17,058
21,892
20,574
18,472
17,428
16,391
15,378
14,437
13,496
12,562
53,561
54,729
58,689
55,557
52,437
97,328
91,586
85,955
80,354
76,164
71,974
67,848
63,783
60,396
125,938
120,757
115,613
110,903
106,194
101,488
96,800
92,375
87,949

87,949

92,375

96,800

101,488

106,194

110,903

115,613

120,757

125,938

60,396

63,783

67,848

71,974

76,164

80,354

85,955

91,586

97,328

52,437

55,557

58,689

54,729

53,561

12,562

13,496

14,437

15,378

16,391

17,428

18,472

20,574

21,892

17,058

18,218

19,189

7,591

8,221

9,114

9,812

5,477

6,009

1,972

2,318

2,676

3,040

3,404

3,767

4,179

3,250

3,471

3,745

3,973

4,261

3,097

3,314

3,364

3,586

3,193

3,339

3,485

58,444

3,924

4,217

4,509

4,802

5,450

5,775

60,464

5,640

5,971

6,203

3,525

3,091

3,296

3,495

1,209

2,694

2,891

3,089

22,517

3,542

3,798

4,053

23,549

4,795

24,496

24,905

25,314

21,458

9,961

6,631

6,832

7,392

7,234

7,435

Earning Assets

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
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
2,081,232
1,754,515
3,031,891
3,502,897
3,230,116
3,480,555
0
0
0
0
0
0
0
0
0
0
0
0
0
0

3,480,555

3,230,116

3,502,897

3,031,891

1,754,515

2,081,232

Other Assets

0
203,700
0
219,000
224,000
225,300
241,100
260,800
254,600
344,500
437,600
460,400
464,600
484,700
506,800
0
518,800
521,400
512,500
0
497,200
521,400
537,500
0
564,860
590,184
602,709
184,962
618,394
676,438
816,724
201,164
215,326
219,961
1,139,666
1,419,656
1,414,082
1,387,382
1,365,370
1,406,693
1,411,736
1,398,364
1,419,971
1,537,744
1,526,659
1,580,095
1,634,771
2,021,676
2,101,623
2,130,156
2,303,289
2,444,817
2,444,180
2,462,179
2,519,556
2,529,539
2,542,065
2,618,594
2,679,874
2,908,162
2,819,462
2,672,943
2,588,752
2,748,009
8
2,737,448
2,747,009
3,378,995
3,307,767
3,272,593
3,438,582
3,421,482
3,503,882
3,375,090
3,397,406
3,452,772
3,267,180
3,206,048
3,207,103
4,314,958
4,081,975
4,687,946
4,708,349
434
4,941,300
6,308,682
6,267,682
6,610,227
7,215,827
7,350,039
7,619,405
8,008,407
8,225,104
8,521,064
8,776,817
8,966,112
9,241,096
13,091,978
13,333,711
13,357,926
13,604,430
13,890,016
20,570,649
20,969,226
18,224,548
19,872,629
19,873,851
19,235,310
21,427,127
21,886,931
22,533,141
20,916,912
20,636,324
17,752,026
19,486,724
20,180,620
21,211,410
21,012,077
21,036,130
0

21,036,130

21,012,077

21,211,410

20,180,620

19,486,724

17,752,026

20,636,324

20,916,912

22,533,141

21,886,931

21,427,127

19,235,310

19,873,851

19,872,629

18,224,548

20,969,226

20,570,649

13,890,016

13,604,430

13,357,926

13,333,711

13,091,978

9,241,096

8,966,112

8,776,817

8,521,064

8,225,104

8,008,407

7,619,405

7,350,039

7,215,827

6,610,227

6,267,682

6,308,682

4,941,300

434

4,708,349

4,687,946

4,081,975

4,314,958

3,207,103

3,206,048

3,267,180

3,452,772

3,397,406

3,375,090

3,503,882

3,421,482

3,438,582

3,272,593

3,307,767

3,378,995

2,747,009

2,737,448

2,748,009

2,588,752

2,672,943

2,819,462

2,908,162

2,679,874

2,618,594

2,542,065

2,529,539

2,519,556

2,462,179

2,444,180

2,444,817

2,303,289

2,130,156

2,101,623

2,021,676

1,634,771

1,580,095

1,526,659

1,537,744

1,419,971

1,398,364

1,411,736

1,406,693

1,365,370

1,387,382

1,414,082

1,419,656

1,139,666

219,961

215,326

201,164

816,724

676,438

618,394

184,962

602,709

590,184

564,860

537,500

521,400

497,200

512,500

521,400

518,800

506,800

484,700

464,600

460,400

437,600

344,500

254,600

260,800

241,100

225,300

224,000

219,000

203,700

> Total Liabilities

0
242,700
0
262,300
263,000
268,200
281,100
444,000
301,000
411,000
524,100
577,300
573,300
582,400
619,000
623,700
640,000
631,400
630,600
653,100
633,200
647,700
676,600
713,500
696,638
727,458
735,397
745,541
745,096
814,061
986,289
1,038,238
1,001,144
986,581
1,056,977
1,050,493
1,065,585
1,010,060
1,026,198
1,054,431
1,052,508
1,042,011
1,066,316
1,147,054
1,138,152
1,180,072
1,243,829
1,548,506
1,587,461
1,630,342
1,785,464
1,868,810
1,853,649
1,864,974
1,920,814
1,921,935
2,000,466
2,000,466
2,064,299
2,167,731
2,108,294
2,052,091
1,974,459
2,229,006
2,158,297
2,147,040
2,160,735
2,698,761
2,644,566
2,580,079
2,715,957
2,700,537
2,745,537
2,619,372
2,650,177
2,740,035
2,577,929
2,520,898
2,528,146
3,350,950
3,187,954
3,629,736
3,645,578
3,671,483
3,663,121
4,718,964
4,714,000
5,074,181
5,496,943
5,595,379
5,850,912
6,245,594
6,336,640
6,615,176
6,847,899
7,051,724
7,153,884
9,818,801
10,024,017
9,987,168
10,160,691
10,352,215
15,343,554
15,772,997
15,787,398
17,412,499
17,309,168
17,791,550
18,669,531
19,049,927
19,632,371
20,891,870
20,553,133
20,614,094
20,694,587
21,855,886
2,530,147
1,666,308
1,339,370
21,886,084

21,886,084

1,339,370

1,666,308

2,530,147

21,855,886

20,694,587

20,614,094

20,553,133

20,891,870

19,632,371

19,049,927

18,669,531

17,791,550

17,309,168

17,412,499

15,787,398

15,772,997

15,343,554

10,352,215

10,160,691

9,987,168

10,024,017

9,818,801

7,153,884

7,051,724

6,847,899

6,615,176

6,336,640

6,245,594

5,850,912

5,595,379

5,496,943

5,074,181

4,714,000

4,718,964

3,663,121

3,671,483

3,645,578

3,629,736

3,187,954

3,350,950

2,528,146

2,520,898

2,577,929

2,740,035

2,650,177

2,619,372

2,745,537

2,700,537

2,715,957

2,580,079

2,644,566

2,698,761

2,160,735

2,147,040

2,158,297

2,229,006

1,974,459

2,052,091

2,108,294

2,167,731

2,064,299

2,000,466

1,921,935

1,920,814

1,864,974

1,853,649

1,868,810

1,785,464

1,630,342

1,587,461

1,548,506

1,243,829

1,180,072

1,138,152

1,147,054

1,066,316

1,042,011

1,052,508

1,054,431

1,026,198

1,010,060

1,065,585

1,050,493

1,056,977

986,581

1,001,144

1,038,238

986,289

814,061

745,096

745,541

735,397

727,458

696,638

713,500

676,600

647,700

633,200

653,100

630,600

631,400

640,000

623,700

619,000

582,400

573,300

577,300

524,100

411,000

301,000

444,000

281,100

268,200

263,000

262,300

242,700

> Total Current Liabilities

0
0
0
0
263,000
268,000
281,000
444,000
301,000
411,000
520,000
610,000
573,000
582,000
619,000
624,000
640,000
631,000
631,000
653,000
14,000
31,200
50,400
41,900
0
43,415
41,353
29,150
0
0
0
1,038,000
1,001,000
986,000
1,022,000
5,363
1,031,000
1,010,000
991,000
6,547
1,017,000
1,006,000
1,030,000
1,111,000
1,102,000
1,144,000
1,208,000
1,508,000
1,546,000
1,589,000
1,743,000
1,827,000
1,812,000
1,823,000
1,873,000
1,879,000
1,880,000
1,958,000
2,022,000
2,126,000
2,066,000
2,010,000
1,932,000
2,187,000
2,116,000
2,105,000
2,119,000
2,657,000
2,603,000
2,538,000
2,674,000
2,659,000
2,704,000
2,577,000
2,608,000
2,698,000
2,536,000
2,479,000
2,481,000
10,000
10,000
22,500
22,500
24,000
24,000
24,000
24,000
24,000
36,879
36,869
36,860
38,850
450,002
604,000
733,000
6,891,000
480,000
716,621
9,860,000
70,000
5,998
70,000
70,000
15,375,847
1,225,000
17,019,825
53,039
33,314
22,367
807,222
64,451
79,850
19,590,506
8,263,882
8,343,200
9,173,929
9,347,893
7,881,897
7,439,610
9,835,950

9,835,950

7,439,610

7,881,897

9,347,893

9,173,929

8,343,200

8,263,882

19,590,506

79,850

64,451

807,222

22,367

33,314

53,039

17,019,825

1,225,000

15,375,847

70,000

5,998

70,000

9,860,000

716,621

480,000

6,891,000

733,000

604,000

450,002

38,850

36,860

36,869

36,879

24,000

22,500

10,000

2,481,000

2,479,000

2,536,000

2,698,000

2,608,000

2,577,000

2,704,000

2,659,000

2,674,000

2,538,000

2,603,000

2,657,000

2,119,000

2,105,000

2,116,000

2,187,000

1,932,000

2,010,000

2,066,000

2,126,000

2,022,000

1,958,000

1,880,000

1,879,000

1,873,000

1,823,000

1,812,000

1,827,000

1,743,000

1,589,000

1,546,000

1,508,000

1,208,000

1,144,000

1,102,000

1,111,000

1,030,000

1,006,000

1,017,000

6,547

991,000

1,010,000

1,031,000

5,363

1,022,000

986,000

1,001,000

1,038,000

29,150

41,353

43,415

41,900

50,400

31,200

14,000

653,000

631,000

640,000

624,000

619,000

582,000

573,000

610,000

520,000

411,000

301,000

444,000

281,000

268,000

263,000

Short-term Debt

0
0
0
0
0
0
0
1,600
1,600
0
35,500
5,000
0
0
20,900
0
21,000
0
0
2,500
14,000
31,200
50,400
41,900
0
43,415
41,353
29,150
0
0
0
0
0
0
0
5,363
0
0
0
6,547
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
10,000
10,000
22,500
22,500
24,000
24,000
24,000
24,000
24,000
36,879
36,869
36,860
38,850
450,002
604,000
733,000
366,809
480,000
716,621
759,888
70,000
5,998
70,000
70,000
1,125,000
1,225,000
0
0
1,225,000
0
807,222
64,451
79,850
0
953
0
11,327
2,050,000
1,175,000
850,000
11,245

11,245

850,000

1,175,000

2,050,000

11,327

953

79,850

64,451

807,222

1,225,000

1,125,000

70,000

5,998

70,000

759,888

716,621

480,000

366,809

733,000

604,000

450,002

38,850

36,860

36,869

36,879

24,000

22,500

10,000

6,547

5,363

29,150

41,353

43,415

41,900

50,400

31,200

14,000

2,500

21,000

20,900

5,000

35,500

1,600

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
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
217,765
0
0
0
15,000
0
297,330
416,108
630,054
566,084
782,880
907,948
366,809
664,686
961,784
759,888
20
5,998
70,000
70,000
0
1,225,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,225,000

70,000

5,998

759,888

961,784

664,686

366,809

907,948

782,880

566,084

630,054

416,108

297,330

15,000

217,765

Accounts payable

0
0
0
0
4,600
9,200
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
652,878
656,764
650,874
679,885
688,482
743,749
871,561
931,156
893,695
881,650
892,282
916,185
911,709
897,246
865,812
906,524
891,219
879,187
889,532
986,224
992,409
1,035,863
1,073,177
1,375,232
1,421,106
1,446,128
1,640,966
1,710,163
1,712,507
1,695,185
1,707,855
1,757,265
1,784,291
1,770,861
1,806,339
2,013,525
2,028,684
1,976,371
1,887,529
2,123,116
2,088,306
2,080,026
2,099,002
2,535,426
2,572,689
2,511,363
2,628,892
2,591,566
2,665,360
2,544,672
2,580,117
2,624,663
2,489,973
2,443,103
2,443,421
2,999,231
3,010,647
3,389,035
3,373,119
3,431,149
3,480,231
4,511,547
4,530,523
4,879,290
5,230,787
5,179,532
5,306,098
5,575,163
5,642,369
5,793,397
5,895,504
6,625,845
6,446,165
8,761,593
9,181,363
9,649,313
9,800,875
9,582,370
13,659,594
14,027,073
13,844,618
15,589,818
16,063,806
16,957,823
17,875,873
18,257,997
18,833,489
19,665,553
19,588,441
4,600
19,466,919
4,600
4,600
4,600
0
0

4,600

19,466,919

4,600

19,588,441

19,665,553

18,833,489

18,257,997

17,875,873

16,957,823

16,063,806

15,589,818

13,844,618

14,027,073

13,659,594

9,582,370

9,800,875

9,649,313

9,181,363

8,761,593

6,446,165

6,625,845

5,895,504

5,793,397

5,642,369

5,575,163

5,306,098

5,179,532

5,230,787

4,879,290

4,530,523

4,511,547

3,480,231

3,431,149

3,373,119

3,389,035

3,010,647

2,999,231

2,443,421

2,443,103

2,489,973

2,624,663

2,580,117

2,544,672

2,665,360

2,591,566

2,628,892

2,511,363

2,572,689

2,535,426

2,099,002

2,080,026

2,088,306

2,123,116

1,887,529

1,976,371

2,028,684

2,013,525

1,806,339

1,770,861

1,784,291

1,757,265

1,707,855

1,695,185

1,712,507

1,710,163

1,640,966

1,446,128

1,421,106

1,375,232

1,073,177

1,035,863

992,409

986,224

889,532

879,187

891,219

906,524

865,812

897,246

911,709

916,185

892,282

881,650

893,695

931,156

871,561

743,749

688,482

679,885

650,874

656,764

652,878

9,200

4,600

Other Current Liabilities

0
0
0
0
258,400
258,800
281,000
442,400
301,000
411,000
484,500
605,000
573,000
582,000
598,100
624,000
619,000
631,000
631,000
650,500
0
0
0
0
0
0
0
0
0
0
0
1,038,000
1,001,000
986,000
1,022,000
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
0
0
0
0
0
0
0
2,511,363
2,628,892
2,591,566
2,665,360
2,544,672
2,580,117
2,624,663
2,489,973
2,443,103
2,443,421
2,999,231
3,010,647
3,389,035
3,373,119
3,431,149
3,480,231
4,511,547
4,530,523
4,879,290
5,230,787
5,179,532
5,306,098
5,575,163
5,642,369
5,793,397
5,895,504
6,625,845
6,446,165
8,761,593
9,181,363
9,649,313
9,800,875
9,582,370
13,659,594
0
13,844,618
15,589,818
16,063,806
16,957,823
22,367
807,222
18,833,489
19,665,553
19,588,441
8,262,929
8,343,200
9,162,602
7,297,893
6,706,897
6,589,610
9,824,705

9,824,705

6,589,610

6,706,897

7,297,893

9,162,602

8,343,200

8,262,929

19,588,441

19,665,553

18,833,489

807,222

22,367

16,957,823

16,063,806

15,589,818

13,844,618

13,659,594

9,582,370

9,800,875

9,649,313

9,181,363

8,761,593

6,446,165

6,625,845

5,895,504

5,793,397

5,642,369

5,575,163

5,306,098

5,179,532

5,230,787

4,879,290

4,530,523

4,511,547

3,480,231

3,431,149

3,373,119

3,389,035

3,010,647

2,999,231

2,443,421

2,443,103

2,489,973

2,624,663

2,580,117

2,544,672

2,665,360

2,591,566

2,628,892

2,511,363

1,022,000

986,000

1,001,000

1,038,000

650,500

631,000

619,000

624,000

598,100

582,000

573,000

605,000

484,500

411,000

301,000

442,400

281,000

258,800

258,400

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
4,000
19,200
24,800
30,800
0
15,400
0
16,000
14,000
9,400
0
0
0
24,300
36,917
16,364
25,113
26,200
45,464
57,614
101,281
35,000
35,000
35,000
35,000
117,290
138,458
98,525
147,584
132,045
147,802
152,376
165,960
145,933
130,865
130,804
156,697
146,744
140,817
164,816
118,556
117,769
117,769
147,769
132,769
116,769
175,269
175,269
180,869
114,269
49,269
49,269
49,269
44,269
44,269
42,269
2,160,735
85,764
42,269
42,269
63,269
62,269
46,079
46,079
42,269
42,269
42,269
42,269
47,269
240,038
105,305
142,635
189,993
120,206
85,418
84,325
84,600
84,874
156,889
306,892
420,499
537,699
610,228
764,480
893,792
336,104
641,416
950,782
745,817
170,961
240,983
584,507
1,408,247
1,526,269
1,666,261
1,541,711
999,115
833,727
550,064
550,634
551,205
866,207
552,347
552,917
20,694,587
21,855,886
2,530,147
1,666,308
1,339,370
12,050,134

12,050,134

1,339,370

1,666,308

2,530,147

21,855,886

20,694,587

552,917

552,347

866,207

551,205

550,634

550,064

833,727

999,115

1,541,711

1,666,261

1,526,269

1,408,247

584,507

240,983

170,961

745,817

950,782

641,416

336,104

893,792

764,480

610,228

537,699

420,499

306,892

156,889

84,874

84,600

84,325

85,418

120,206

189,993

142,635

105,305

240,038

47,269

42,269

46,079

62,269

63,269

42,269

85,764

2,160,735

42,269

44,269

49,269

114,269

180,869

175,269

116,769

132,769

147,769

117,769

118,556

164,816

140,817

146,744

156,697

130,804

130,865

145,933

165,960

152,376

147,802

132,045

147,584

98,525

138,458

117,290

35,000

101,281

57,614

45,464

26,200

25,113

16,364

36,917

24,300

9,400

14,000

16,000

15,400

30,800

24,800

19,200

4,000

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
42,269
63,269
62,269
46,079
46,079
42,269
42,269
42,269
42,269
47,269
250,038
115,305
165,135
212,493
144,206
109,418
108,325
108,600
108,874
193,768
343,761
457,359
576,549
610,228
764,480
893,820
336,104
641,381
950,746
745,817
240,961
240,983
654,507
1,478,247
397,150
1,666,261
1,541,711
999,115
549,500
550,064
550,634
551,205
866,207
552,347
552,917
853,487
0
2,530,147
1,666,308
0
0

1,666,308

2,530,147

853,487

552,917

552,347

866,207

551,205

550,634

550,064

549,500

999,115

1,541,711

1,666,261

397,150

1,478,247

654,507

240,983

240,961

745,817

950,746

641,381

336,104

893,820

764,480

610,228

576,549

457,359

343,761

193,768

108,874

108,600

108,325

109,418

144,206

212,493

165,135

115,305

250,038

47,269

42,269

46,079

62,269

63,269

42,269

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,356
6,269
3,973
7,653
7,213
7,776
8,903
7,997
8,539
8,409
9,137
8,814
8,898
8,307
8,551
7,651
8,436
5,783
6,513
7,367
8,069
7,018
8,507
16,223
17,036
15,629
19,217
24,945
18,003
15,054
15,560
16,075
15,888
14,541
13,118
12,521
12,046
9,967
7,268
6,367
5,082
7,145
6,279
9,387
9,351
9,311
10,616
9,037
5,308
8,821
10,387
22,983
22,768
16,384
17,201
18,165
12,028
24,457
27,615
22,384
17,952
24,026
23,371
22,432
28,647
34,947
44,808
40,377
43,628
38,899
44,447
59,137
43,033
95,424
82,766
75,234
86,494
85,199
145,919
152,287
261,359
268,091
237,144
272,586
234,274
235,752
243,175
354,265
410,280
375,242
374,181
319,428
0
0
0
0

319,428

374,181

375,242

410,280

354,265

243,175

235,752

234,274

272,586

237,144

268,091

261,359

152,287

145,919

85,199

86,494

75,234

82,766

95,424

43,033

59,137

44,447

38,899

43,628

40,377

44,808

34,947

28,647

22,432

23,371

24,026

17,952

22,384

27,615

24,457

12,028

18,165

17,201

16,384

22,768

22,983

10,387

8,821

5,308

9,037

10,616

9,311

9,351

9,387

6,279

7,145

5,082

6,367

7,268

9,967

12,046

12,521

13,118

14,541

15,888

16,075

15,560

15,054

18,003

24,945

19,217

15,629

17,036

16,223

8,507

7,018

8,069

7,367

6,513

5,783

8,436

7,651

8,551

8,307

8,898

8,814

9,137

8,409

8,539

7,997

8,903

7,776

7,213

7,653

3,973

6,269

6,356

> Total Stockholder Equity

0
29,300
0
30,500
31,300
32,100
32,900
33,900
34,600
41,200
52,500
57,700
58,400
60,100
66,700
68,200
67,700
68,500
69,400
71,800
73,000
73,600
74,800
76,000
75,515
75,421
77,319
80,656
83,474
88,979
104,882
138,648
137,230
140,464
106,848
141,984
108,576
110,646
111,334
113,613
115,877
115,145
118,675
120,939
121,879
125,084
126,610
148,703
151,430
153,002
160,440
178,732
182,764
184,099
191,249
196,308
192,555
192,555
193,344
239,359
237,984
233,154
233,016
194,964
193,361
274,870
273,968
273,407
273,857
277,158
294,422
293,770
297,697
300,939
299,206
279,017
283,722
287,777
290,356
316,699
300,030
343,399
353,830
366,028
489,783
486,770
502,300
514,759
600,828
625,915
642,583
646,437
758,216
782,682
801,921
804,479
868,944
1,371,896
1,404,977
1,456,347
1,495,584
1,537,121
2,420,723
2,469,582
2,437,150
2,460,130
2,564,683
2,647,088
2,757,596
2,837,004
2,900,770
2,966,451
3,007,159
3,073,376
3,119,070
3,197,400
3,253,195
3,284,630
3,347,069
3,426,747

3,426,747

3,347,069

3,284,630

3,253,195

3,197,400

3,119,070

3,073,376

3,007,159

2,966,451

2,900,770

2,837,004

2,757,596

2,647,088

2,564,683

2,460,130

2,437,150

2,469,582

2,420,723

1,537,121

1,495,584

1,456,347

1,404,977

1,371,896

868,944

804,479

801,921

782,682

758,216

646,437

642,583

625,915

600,828

514,759

502,300

486,770

489,783

366,028

353,830

343,399

300,030

316,699

290,356

287,777

283,722

279,017

299,206

300,939

297,697

293,770

294,422

277,158

273,857

273,407

273,968

274,870

193,361

194,964

233,016

233,154

237,984

239,359

193,344

192,555

196,308

191,249

184,099

182,764

178,732

160,440

153,002

151,430

148,703

126,610

125,084

121,879

120,939

118,675

115,145

115,877

113,613

111,334

110,646

108,576

141,984

106,848

140,464

137,230

138,648

104,882

88,979

83,474

80,656

77,319

75,421

75,515

76,000

74,800

73,600

73,000

71,800

69,400

68,500

67,700

68,200

66,700

60,100

58,400

57,700

52,500

41,200

34,600

33,900

32,900

32,100

31,300

30,500

29,300

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,600
9,100
9,134
9,138
9,138
9,138
9,200
9,548
10,790
10,790
10,790
10,791
10,806
10,824
10,824
10,824
10,850
10,850
10,851
10,871
10,866
13,071
13,160
13,181
13,184
14,271
14,286
14,340
14,356
14,850
14,850
14,868
14,870
14,887
14,895
14,895
14,895
14,866
14,915
14,915
14,915
15,163
15,269
24,851
24,961
24,983
25,102
25,102
25,079
25,087
25,150
25,155
25,155
25,155
25,239
25,258
25,271
26,462
26,536
28,155
28,158
28,159
33,593
33,609
33,610
33,625
36,272
36,303
36,348
36,378
38,603
38,698
38,706
38,735
39,820
49,012
49,012
49,015
49,126
49,099
71,447
71,500
71,652
71,674
71,703
71,754
71,954
72,008
72,016
72,017
72,212
72,251
72,247
72,264
72,484
72,515
72,514
72,516

72,516

72,514

72,515

72,484

72,264

72,247

72,251

72,212

72,017

72,016

72,008

71,954

71,754

71,703

71,674

71,652

71,500

71,447

49,099

49,126

49,015

49,012

39,820

38,735

38,706

38,698

38,603

36,378

36,348

36,303

36,272

33,625

33,610

33,609

33,593

28,159

28,158

28,155

26,536

26,462

25,271

25,258

25,239

25,155

25,150

25,087

25,079

25,102

24,983

24,961

24,851

15,269

15,163

14,915

14,866

14,895

14,887

14,870

14,868

14,850

14,356

14,340

14,286

14,271

13,184

13,181

13,160

13,071

10,866

10,871

10,851

10,850

10,824

10,806

10,791

10,790

9,548

9,200

9,138

9,134

9,100

7,600

Retained Earnings Total Equity

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
38,888
54,530
54,852
59,402
61,081
62,156
65,710
70,554
76,790
83,025
83,991
92,055
98,847
109,170
118,412
126,566
126,265
140,282
152,820
163,395
181,701
199,769
214,454
231,894
251,259
267,694
273,119
296,366
301,656
338,350
377,135
412,005
446,182
457,127
0
460,153
481,948
587,657
671,510
785,984
863,828
934,979
1,006,436
1,077,725
1,157,359
1,239,477
0
1,362,512
1,414,742
0
0

1,414,742

1,362,512

1,239,477

1,157,359

1,077,725

1,006,436

934,979

863,828

785,984

671,510

587,657

481,948

460,153

457,127

446,182

412,005

377,135

338,350

301,656

296,366

273,119

267,694

251,259

231,894

214,454

199,769

181,701

163,395

152,820

140,282

126,265

126,566

118,412

109,170

98,847

92,055

83,991

83,025

76,790

70,554

65,710

62,156

61,081

59,402

54,852

54,530

38,888

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
0
0
0
-100
-500
0
100
200
0
200
0
300
100
-700
-1,600
-2,100
-2,744
-2,627
-1,332
90
967
1,364
2,648
378
-425
1,467
1,050
1,193
838
1,275
74
31
804
-1,992
-63
-753
-2,597
-1,417
-2,093
-3,151
-3,865
-6,782
-3,575
-2,529
-1,744
-4,231
1,303
5,093
-291
-291
666
6,518
6,956
6,033
6,542
7,240
7,676
7,834
8,371
6,204
5,742
7,410
8,687
7,296
6,512
7,805
7,337
6,607
6,274
3,582
-531
-294
2,374
4,123
3,974
6,098
6,353
3,072
4,197
3,353
6,411
12,960
10,449
-1,058
-1,209
1,421
3,241
-1,280
-10,823
-12,571
-16,576
-4,826
-1,178
16,462
15,482
17,995
39,551
39,613
37,252
33,505
26,090
25,024
21,885
15,590
-1,841
-12,635
-50,734
-46,507
-35,581
-50,618
-60,818
-35,939

-35,939

-60,818

-50,618

-35,581

-46,507

-50,734

-12,635

-1,841

15,590

21,885

25,024

26,090

33,505

37,252

39,613

39,551

17,995

15,482

16,462

-1,178

-4,826

-16,576

-12,571

-10,823

-1,280

3,241

1,421

-1,209

-1,058

10,449

12,960

6,411

3,353

4,197

3,072

6,353

6,098

3,974

4,123

2,374

-294

-531

3,582

6,274

6,607

7,337

7,805

6,512

7,296

8,687

7,410

5,742

6,204

8,371

7,834

7,676

7,240

6,542

6,033

6,956

6,518

666

-291

5,093

1,303

-4,231

-1,744

-2,529

-3,575

-6,782

-3,865

-3,151

-2,093

-1,417

-2,597

-753

-63

-1,992

804

1,275

838

1,193

1,050

1,467

-425

378

2,648

1,364

967

-1,332

-2,627

-2,744

-2,100

-1,600

-700

100

300

200

100

-500

-100

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
166,170
166,385
166,639
166,579
166,685
164,182
164,949
165,078
165,484
165,835
189,722
190,513
223,888
224,142
225,015
335,578
336,212
336,599
337,349
407,726
408,549
409,630
410,276
503,543
505,803
506,779
508,404
559,040
1,049,283
1,050,752
1,051,584
1,053,190
1,053,500
1,904,789
1,907,108
1,908,721
1,909,839
1,911,031
1,913,285
1,917,990
1,920,566
1,922,964
1,924,813
1,928,702
1,931,088
1,932,906
0
1,937,664
1,939,865
0
0

1,939,865

1,937,664

1,932,906

1,931,088

1,928,702

1,924,813

1,922,964

1,920,566

1,917,990

1,913,285

1,911,031

1,909,839

1,908,721

1,907,108

1,904,789

1,053,500

1,053,190

1,051,584

1,050,752

1,049,283

559,040

508,404

506,779

505,803

503,543

410,276

409,630

408,549

407,726

337,349

336,599

336,212

335,578

225,015

224,142

223,888

190,513

189,722

165,835

165,484

165,078

164,949

164,182

166,685

166,579

166,639

166,385

166,170

Treasury Stock

-74,826

-74,687

-69,639

-52,405

-51,074

-44,422

-42,966

-42,960

-42,944

-42,927

-34,971

-28,122

-17,559

-16,561

-15,484

-15,459

-14,499

-14,615

-13,613

-13,598

-12,976

-12,388

-12,307

-11,656

-11,614

-11,448

-11,182

-11,176

-11,066

-10,831

-10,820

-10,812

-10,810

-10,787

-10,774

-10,769

-10,900

-10,593

-10,481

-10,474

-10,402

-10,220

-10,194

-9,859

-9,847

-9,689

-8,503

-8,186

-7,821

-6,220

-5,488

-3,810

Other Stockholders Equity

0
19,000
0
18,700
18,800
18,800
18,800
19,000
18,800
24,400
31,500
33,600
33,500
33,500
35,600
35,700
35,900
35,600
36,000
35,200
35,200
35,200
26,700
24,700
22,648
21,122
21,685
23,107
24,575
28,592
41,817
39,396
37,795
37,430
38,378
36,257
36,099
36,093
36,481
36,587
36,258
36,630
36,520
34,853
35,608
35,771
35,728
56,900
57,039
57,978
58,070
70,888
71,027
71,338
71,981
72,146
72,521
72,521
72,666
75,251
75,354
75,476
75,620
76,978
77,018
153,558
154,713
155,099
155,164
155,339
155,554
155,808
155,748
155,854
153,351
153,883
153,902
154,301
154,653
178,540
179,065
212,274
212,528
213,359
323,271
323,824
324,211
324,961
394,750
394,951
396,017
396,663
488,928
491,304
492,280
493,905
543,581
1,033,799
1,034,191
1,035,023
1,035,631
1,025,378
1,876,667
1,872,137
1,865,794
1,866,895
1,868,071
1,870,319
1,873,568
1,876,144
1,871,890
1,872,408
1,859,063
1,856,401
1,858,080
1,860,385
1,853,780
1,847,991
1,850,949
1,850,213

1,850,213

1,850,949

1,847,991

1,853,780

1,860,385

1,858,080

1,856,401

1,859,063

1,872,408

1,871,890

1,876,144

1,873,568

1,870,319

1,868,071

1,866,895

1,865,794

1,872,137

1,876,667

1,025,378

1,035,631

1,035,023

1,034,191

1,033,799

543,581

493,905

492,280

491,304

488,928

396,663

396,017

394,951

394,750

324,961

324,211

323,824

323,271

213,359

212,528

212,274

179,065

178,540

154,653

154,301

153,902

153,883

153,351

155,854

155,748

155,808

155,554

155,339

155,164

155,099

154,713

153,558

77,018

76,978

75,620

75,476

75,354

75,251

72,666

72,521

72,146

71,981

71,338

71,027

70,888

58,070

57,978

57,039

56,900

35,728

35,771

35,608

34,853

36,520

36,630

36,258

36,587

36,481

36,093

36,099

36,257

38,378

37,430

37,795

39,396

41,817

28,592

24,575

23,107

21,685

21,122

22,648

24,700

26,700

35,200

36,000

35,600

35,900

35,700

35,600

33,500

33,600

31,500

24,400

18,800

19,000

18,800

18,700

19,000

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Accounts Payable	0	19,462,738	19,665,553	16,957,823	14,027,073	9,649,313	6,625,845	5,575,163	4,879,290	3,431,149	2,999,231	2,624,663	2,591,566	2,535,426	2,123,116	2,013,525	1,757,265	1,710,163	1,375,232	986,224	906,524	916,185	931,156	679,885	0	0	0	0	0	0
Accumulated Amortization	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
Accumulated Depreciation	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
Accumulated Other Comprehensive Income	-35,939	-46,507	15,590	33,505	17,995	-4,826	-1,280	-1,058	3,353	6,098	-294	6,607	7,296	6,204	7,240	6,518	1,303	-2,529	-3,151	-753	31	1,193	378	90	-2,100	300	200	-100	0	0
Additional Paid In Capital	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
Capital Lease Obligations	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
Capital Stock	72,516	72,264	72,017	71,754	71,500	49,015	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	1,924,813	1,913,285	1,907,108	1,051,584	508,404	410,276	337,349	225,015	189,722	164,949	166,639	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	1,167,304	284,567	264,807	203,598	246,483	182,848	139,313	127,164	118,518	78,036	62,955	80,256	65,528	74,326	81,060	166,170	71,826	192,649	145,274	97,670	80,480	123,077	157,475	43,363	80,100	56,500	36,300	40,900	23,600	20,100
Cash And Equivalents	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
Cash And Short Term Investments	-230,470	1,784,627	857,428	1,186,477	1,649,886	1,847,714	1,141,521	1,021,120	1,168,248	706,664	739,254	620,842	304,448	319,483	283,358	166,170	71,826	192,649	145,274	97,670	80,480	123,077	157,475	43,363	80,100	56,500	36,300	40,900	23,600	20,100
Common Stock	72,516	72,264	72,017	71,754	71,500	49,015	38,735	36,378	33,625	28,159	26,462	25,155	25,087	24,983	15,058	14,866	14,870	14,850	14,271	13,071	10,850	10,824	10,790	9,138	9,100	0	0	0	0	0
Common Stock Shares Outstanding	69,104	69,420	69,761	69,426	58,614	43,248	37,144	34,702	32,127	26,259	24,347	23,843	23,538	20,498	13,913	13,894	14,014	13,542	12,381	12,135	12,110	12,167	11,428	10,469	10,780	10,776	10,745	10,579	6,269	5,462
Common Stock Total Equity	0	0	72,017	71,754	71,500	49,015	38,735	36,378	33,625	28,159	26,462	25,155	25,087	24,983	15,163	14,866	14,870	14,850	14,271	13,071	10,850	10,824	10,790	9,138	9,100	0	0	0	0	0
Current Deferred Revenue	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
Deferred Long Term Asset Charges	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
Deferred Long Term Liab	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
Earning Assets	0	0	0	0	3,502,897	1,836,479	1,241,930	1,029,344	1,175,735	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	1,015,646	1,015,646	1,012,620	928,005	931,637	503,434	125,532	125,532	90,082	63,547	35,049	956	956	956	0	54,813	54,813	54,365	18,251	5,094	19,231	19,240	19,240	0	0	0	0	0	0	0
Intangible Assets	87,949	106,194	125,938	71,974	91,586	58,689	13,496	17,428	17,058	8,221	6,009	3,040	3,250	4,261	4,053	58,444	4,802	60,464	3,525	1,209	22,517	23,549	25,314	6,832	0	0	0	0	0	0
Inventory	0	843	3,894	12,424	19,500	16,753	17,475	23,414	35,491	163,411	150,798	176,909	140,481	112,848	23,316	4,742	6,993	1,838	1,149	476	1,503	0	1,250	620	0	0	0	0	0	0
Liabilities And Stockholders Equity	25,312,831	25,053,286	23,858,321	20,438,638	18,242,579	11,443,515	7,856,203	6,892,031	5,588,940	4,037,511	3,667,649	3,019,052	2,994,308	2,972,168	2,423,970	2,407,090	2,112,063	2,047,542	1,697,209	1,267,993	1,168,044	1,192,477	1,176,886	826,197	789,500	724,900	691,900	635,000	341,500	292,800
Long Term Debt	639,901	2,004,058	866,207	549,500	1,526,269	240,961	336,104	576,549	108,874	144,206	250,038	42,269	62,269	73,750	42,269	44,269	114,269	112,769	143,222	130,692	130,561	151,790	129,693	28,200	0	0	0	0	0	0
Long Term Debt Total	0	0	866,207	549,500	397,150	240,961	336,104	576,549	108,874	144,206	250,038	42,269	62,269	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	1,616,250	1,745,916	720,023	2,178,740	1,470,322	1,325,394	248,176	135,388	120,505	2,919,276	2,519,173	1,990,372	1,889,860	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	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
Net Debt	-468,882	1,719,491	601,400	345,902	1,279,786	58,113	196,791	449,385	-9,644	66,170	201,809	-37,987	-3,259	11,438	-36,791	-51,901	60,943	-74,880	1,470	48,263	51,565	-5,787	-62,182	11,987	-13,900	-44,600	-20,900	-16,700	-22,000	-20,100
Net Invested Capital	4,066,648	5,201,458	3,832,658	3,196,588	3,995,851	1,697,308	1,140,583	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	0	0	0	14,281,503	0	8,483,095	6,020,564	4,613,932	6,301	31,351	65,441	159,724	242,394	177,187	45,840	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Tangible Assets	0	2,075,560	1,827,893	1,647,109	1,446,359	894,224	665,451	503,477	407,619	294,260	247,641	247,359	238,837	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-8,662,447	-7,389,302	-8,402,018	-15,442,896	-12,984,982	9,459,104	-193,316	5,736,805	4,543,653	3,291,978	3,010,340	-112,668	-91,868	-91,659	-87,069	-219,982	-184,413	-176,733	-135,258	-112,758	922,848	959,935	86,751	53,662	49,400	44,400	39,500	35,900	22,000	0
Non Current Assets Total	24,139,328	3,088,039	2,083,981	2,233,950	2,726,647	1,914,411	1,109,909	1,116,376	1,021,287	721,099	647,309	433,720	427,175	406,827	324,039	501,072	417,476	397,275	324,467	269,751	238,649	227,179	52,135	26,535	27,100	27,500	28,400	133,700	57,100	53,700
Non Current Liabilities Other	0	0	360,110	284,227	0	96,894	89,775	93,882	86,017	95,694	101,681	73,103	46,702	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	12,050,134	21,855,886	866,207	549,500	1,526,269	170,961	336,104	537,699	84,874	120,206	240,038	42,269	2,700,538	85,764	2,228,998	114,269	132,769	117,769	146,744	145,933	132,045	117,290	35,000	26,200	24,300	9,400	15,400	19,200	0	0
Non Currrent Assets Other	21,316,611	-132,842	-127,674	-130,738	-78,856	7,569,562	5,681,125	4,677,222	3,478,176	2,696,137	2,405,709	1,998,443	1,919,243	-401,610	-467	58,444	59,615	60,464	49,716	28,031	22,517	23,549	25,314	6,832	7,600	8,400	9,300	-133,700	-57,100	-53,700
Noncontrolling Interest In Consolidated Entity	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
Other Assets	0	20,180,620	20,916,912	17,018,211	13,866,046	13,357,926	8,966,112	8,008,407	6,610,227	434	4,314,958	3,452,772	1	3,378,995	2,748,009	2,908,162	2,529,539	2,444,817	2,021,676	1,537,744	1,406,693	1,419,656	20,265	16,645	0	0	0	460,400	260,800	219,000
Other Current Assets	1,173,503	1,196,017	4,125,384	2,129,435	641,598	7,681,390	5,604,773	4,754,535	3,393,104	2,577,963	2,215,645	1,804,766	2,020,290	2,068,671	1,770,733	1,739,848	1,622,761	1,457,618	1,227,468	900,572	848,915	842,221	967,276	756,299	682,300	640,900	627,200	0	0	0
Other Current Liab	9,824,705	9,162,602	9,241,553	16,604,568	13,477,415	9,806,129	6,939,610	5,575,163	4,879,290	3,431,149	2,999,231	2,624,663	2,591,566	0	0	0	0	0	0	0	0	0	1,038,000	716,850	671,100	650,500	624,000	0	0	0
Other Liab	0	319,428	354,265	272,586	152,287	75,234	59,070	40,377	22,295	22,384	18,165	22,983	9,037	9,387	6,367	12,521	16,075	24,945	16,223	7,367	7,651	8,814	7,997	7,653	0	0	0	0	0	0
Other Stockholder Equity	1,850,213	1,860,385	1,872,408	1,870,319	1,872,137	1,035,023	493,905	396,663	324,961	213,359	178,540	153,883	155,808	155,099	76,408	75,251	71,981	70,888	56,900	34,853	36,587	36,257	39,396	23,107	24,700	35,200	35,700	33,600	19,000	18,700
Preferred Stock Redeemable	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
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	28,000	27,662	50,727	50,121	49,552	49,028	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	337,793	333,100	325,757	222,890	233,102	145,410	117,738	121,217	121,639	97,251	103,188	75,983	73,124	66,589	67,637	66,107	59,132	46,604	39,606	27,772	25,537	25,327	26,821	19,703	19,500	19,100	19,100	15,600	6,900	7,200
Property Plant And Equipment Net	266,299	220,283	225,400	222,890	233,102	145,410	117,738	121,217	121,639	97,251	103,188	75,983	73,124	66,589	67,637	66,107	59,132	46,604	39,606	27,772	25,537	25,327	26,821	19,703	19,500	19,100	19,100	15,600	6,900	7,200
Property Plant Equipment	0	276,616	225,400	222,890	272,423	145,410	117,738	121,217	121,639	97,251	103,188	75,983	73,124	66,589	67,637	66,107	59,132	46,604	39,606	27,772	25,537	25,327	26,821	19,703	0	0	0	0	0	0
Retained Earnings	1,539,957	1,311,258	1,006,436	671,510	507,950	377,135	273,119	214,454	152,820	118,412	83,991	65,710	54,852	37,000	46,714	93,696	103,095	95,523	80,683	73,768	66,145	59,210	53,584	48,411	42,200	36,300	32,300	24,200	14,900	11,800
Retained Earnings Total Equity	0	0	1,006,436	671,510	0	377,135	273,119	214,454	152,820	118,412	83,991	65,710	54,852	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	70,000	0	38,850	15,000	217,765	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	698,422	2,004,058	866,207	549,500	1,526,269	240,961	336,104	576,549	108,874	144,206	264,764	42,269	62,269	85,764	44,269	114,269	132,769	117,769	146,744	145,933	132,045	117,290	95,293	55,350	66,200	11,900	15,400	24,200	1,600	0
Short Term Debt	11,245	11,327	17,893	24,805	1,157,453	70,000	175,000	38,850	24,000	24,000	10,000	0	0	0	0	0	0	0	0	0	6,547	5,363	0	29,150	41,900	2,500	0	5,000	1,600	0
Short Term Investments	1,402,944	1,500,060	592,621	982,879	1,403,403	1,192,423	810,873	822,735	783,185	541,805	486,235	346,909	9,878	12,219	5,472	144,383	298,036	267,343	99,781	69,616	35,626	77,979	106,216	4,952	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	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
Total Assets	25,312,831	25,053,286	23,858,321	20,438,638	18,242,579	11,443,515	7,856,203	6,892,031	5,588,940	4,037,511	3,667,649	3,019,052	2,994,308	2,972,168	2,423,970	2,407,090	2,112,063	2,047,542	1,697,209	1,267,993	1,168,044	1,192,477	1,176,886	826,197	789,500	724,900	691,900	635,000	341,500	292,800
Total Current Assets	1,173,503	1,784,627	857,428	1,186,477	1,649,886	9,529,104	6,746,294	5,775,655	4,567,653	3,315,978	3,020,340	2,585,332	2,567,132	2,565,341	2,099,931	1,906,018	1,694,587	1,650,267	1,372,742	998,242	929,395	965,298	1,124,751	799,662	762,400	697,400	663,500	40,900	23,600	20,100
Total Current Liabilities	9,835,950	9,173,929	9,259,446	16,629,373	14,634,868	70,000	6,939,610	38,850	24,000	24,000	10,000	2,698,000	2,659,000	2,657,000	2,187,000	2,126,000	1,879,000	1,827,000	1,508,000	1,111,000	6,547	5,363	1,038,000	746,000	713,000	653,000	624,000	5,000	1,600	0
Total Liab	21,886,084	21,855,886	866,207	549,500	1,526,269	9,987,168	7,051,724	6,245,594	5,074,181	3,671,483	3,350,950	2,740,035	2,700,538	2,698,761	2,228,998	2,167,731	1,920,814	1,868,810	1,548,506	1,147,054	1,054,431	1,050,493	1,038,238	745,541	713,500	653,100	623,700	577,300	307,600	262,300
Total Permanent Equity	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
Total Stockholder Equity	3,426,747	3,197,400	2,966,451	2,647,088	2,469,582	1,456,347	804,479	646,437	514,759	366,028	316,699	279,017	293,770	273,407	194,972	239,359	191,249	178,732	148,703	120,939	113,613	141,984	138,648	80,656	76,000	71,800	68,200	57,700	33,900	30,500
Treasury Stock	0	0	-52,405	-42,966	-34,971	-16,561	-14,499	-13,613	-12,388	-11,656	-11,182	-11,066	-10,831	-10,831	-10,812	-10,787	-10,769	-10,593	-10,481	-10,220	-9,859	-9,689	-6,220	-6,220	0	0	0	0	0	0
Warrants	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

	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	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31
Accounts Payable	0	0	4,600	4,600	4,600	19,466,919	4,600	19,588,441	19,665,553	18,833,489	18,257,997	17,875,873	16,957,823	16,063,806	15,589,818	13,844,618	14,027,073	13,659,594	9,582,370	9,800,875	9,649,313	9,181,363	8,761,593	6,446,165	6,625,845	5,895,504	5,793,397	5,642,369	5,575,163	5,306,098	5,179,532	5,230,787	4,879,290	4,530,523	4,511,547	3,480,231	3,431,149	3,373,119	3,389,035	3,010,647	2,999,231	2,443,421	2,443,103	2,489,973	2,624,663	2,580,117	2,544,672	2,665,360	2,591,566	2,628,892	2,511,363	2,572,689	2,535,426	2,099,002	2,080,026	2,088,306	2,123,116	1,887,529	1,976,371	2,028,684	2,013,525	1,806,339	1,770,861	1,784,291	1,757,265	1,707,855	1,695,185	1,712,507	1,710,163	1,640,966	1,446,128	1,421,106	1,375,232	1,073,177	1,035,863	992,409	986,224	889,532	879,187	891,219	906,524	865,812	897,246	911,709	916,185	892,282	881,650	893,695	931,156	871,561	743,749	688,482	679,885	650,874	656,764	652,878	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,200	4,600	-	-	-	-
Accumulated Amortization	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	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	-	-	-	-
Accumulated Depreciation	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	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	-	-	-	-
Accumulated Other Comprehensive Income	-35,939	-60,818	-50,618	-35,581	-46,507	-50,734	-12,635	-1,841	15,590	21,885	25,024	26,090	33,505	37,252	39,613	39,551	17,995	15,482	16,462	-1,178	-4,826	-16,576	-12,571	-10,823	-1,280	3,241	1,421	-1,209	-1,058	10,449	12,960	6,411	3,353	4,197	3,072	6,353	6,098	3,974	4,123	2,374	-294	-531	3,582	6,274	6,607	7,337	7,805	6,512	7,296	8,687	7,410	5,742	6,204	8,371	7,834	7,676	7,240	6,542	6,033	6,956	6,518	666	-291	-291	5,093	1,303	-4,231	-1,744	-2,529	-3,575	-6,782	-3,865	-3,151	-2,093	-1,417	-2,597	-753	-63	-1,992	804	31	74	1,275	838	1,193	1,050	1,467	-425	378	2,648	1,364	967	90	-1,332	-2,627	-2,744	-2,100	-1,600	-700	100	300	0	200	0	200	100	0	-500	-100	0	0	0	0	0	0	0	-	-	-	-
Additional Paid In Capital	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	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	-	-	-	-
Capital Lease Obligations	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	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	-	-	-	-
Capital Stock	72,516	72,514	72,515	72,484	72,264	72,247	72,251	72,212	72,017	72,016	72,008	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	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	-	-	-	-
Capital Surpluse	0	0	1,939,865	1,937,664	0	1,932,906	1,931,088	1,928,702	1,924,813	1,922,964	1,920,566	1,917,990	1,913,285	1,911,031	1,909,839	1,908,721	1,907,108	1,904,789	1,053,500	1,053,190	1,051,584	1,050,752	1,049,283	559,040	508,404	506,779	505,803	503,543	410,276	409,630	408,549	407,726	337,349	336,599	336,212	335,578	225,015	224,142	223,888	190,513	189,722	165,835	165,484	165,078	164,949	164,182	166,685	166,579	166,639	166,385	166,170	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	-	-	-	-
Cash	1,167,304	241,137	284,552	266,400	284,567	269,193	345,627	257,316	264,807	239,028	259,729	224,408	2,097,555	257,275	293,148	255,561	246,483	194,475	151,934	152,172	182,848	170,011	163,097	123,945	139,313	131,071	139,500	127,164	127,164	123,270	116,255	146,863	118,518	114,396	115,413	80,142	78,036	69,421	80,986	71,387	62,955	53,516	50,343	50,487	80,256	57,289	60,126	64,963	294,570	55,761	68,552	88,386	307,043	43,814	54,444	68,859	276,098	43,761	46,773	192,528	166,170	119,007	47,720	47,720	63,401	71,826	50,328	49,640	192,649	54,093	63,894	67,570	145,274	47,548	58,018	94,429	97,670	69,219	46,417	75,780	80,480	53,073	75,309	99,874	123,077	124,465	65,468	103,190	157,475	80,925	50,974	40,891	43,363	28,823	31,122	38,684	80,100	46,200	40,800	40,000	56,500	49,500	43,600	38,500	36,300	30,400	27,400	30,700	40,900	27,200	19,600	16,900	23,600	18,500	20,300	16,500	20,100	-	16,300	-
Cash And Equivalents	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	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	-	-	-	-
Cash And Short Term Investments	-230,470	1,665,218	1,744,908	1,763,236	1,784,627	1,524,342	1,397,895	836,520	857,428	923,532	1,037,896	1,084,060	3,080,434	1,374,711	1,532,044	1,608,601	2,001,088	1,685,682	1,425,178	1,386,607	1,847,714	1,332,581	1,316,800	972,530	1,141,521	950,664	958,193	957,929	1,021,120	961,394	959,901	983,966	1,168,248	925,781	977,567	690,472	706,664	598,930	616,616	528,100	739,254	365,764	366,511	374,516	620,842	64,292	68,010	270,102	304,448	66,850	297,236	100,822	319,483	358,007	302,271	277,053	283,358	162,537	214,557	198,230	166,170	119,007	47,720	47,720	63,401	71,826	50,328	49,640	192,649	54,093	63,894	67,570	145,274	47,548	58,018	94,429	97,670	69,219	46,417	75,780	80,480	53,073	75,309	99,874	123,077	124,465	65,468	103,190	157,475	80,925	50,974	40,891	43,363	28,823	31,122	38,684	80,100	46,200	40,800	40,000	56,500	49,500	43,600	38,500	36,300	30,400	27,400	30,700	40,900	27,200	19,600	16,900	23,600	18,500	20,300	16,500	20,100	-	16,300	-
Common Stock	72,516	72,514	72,515	72,484	72,264	72,247	72,251	72,212	72,017	72,016	72,008	71,954	71,754	71,703	71,674	71,652	71,500	71,447	49,099	49,126	49,015	49,012	49,012	39,820	38,735	38,706	38,698	38,603	36,378	36,348	36,303	36,272	33,625	33,610	33,609	33,593	28,159	28,158	28,155	26,536	26,462	25,271	25,258	25,239	25,155	25,155	25,155	25,150	25,087	25,079	25,102	25,102	24,983	24,961	24,851	15,269	15,163	14,915	14,915	14,915	14,866	14,895	14,895	14,895	14,887	14,870	14,868	14,850	14,850	14,356	14,340	14,286	14,271	13,184	13,181	13,160	13,071	10,866	10,871	10,851	10,850	10,850	10,824	10,824	10,824	10,806	10,791	10,790	10,790	10,790	9,548	9,200	9,138	9,138	9,138	9,134	9,100	7,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Common Stock Shares Outstanding	69,015	68,994	69,035	69,323	69,395	69,327	69,316	69,661	69,738	69,756	69,792	69,741	69,493	69,346	69,293	69,502	69,684	69,600	47,338	47,456	47,593	47,685	39,710	38,250	37,556	37,553	37,489	36,040	35,293	35,195	35,153	33,054	32,595	32,553	32,520	30,796	27,090	27,161	25,633	25,573	24,451	24,316	24,288	24,246	23,857	23,973	23,973	23,916	23,916	23,559	23,491	23,474	23,474	23,571	21,231	13,906	13,906	13,777	13,948	13,908	13,948	13,925	14,076	14,076	13,861	13,861	14,164	13,960	13,822	13,603	13,661	13,316	13,316	12,199	12,408	12,337	12,337	12,072	12,058	12,283	12,283	12,060	12,040	12,054	12,054	12,160	12,183	12,114	12,109	12,008	10,742	10,361	10,361	10,320	10,468	10,552	10,552	10,800	10,800	10,800	10,800	10,890	10,971	12,342	12,342	10,890	10,732	9,991	9,991	8,816	6,732	6,732	6,732	6,171	4,571	4,571	4,571	4,747	5,082	4,747
Common Stock Total Equity	0	0	72,515	72,484	0	72,247	72,251	72,212	72,017	72,016	72,008	71,954	71,754	71,703	71,674	71,652	71,500	71,447	49,099	49,126	49,015	49,012	49,012	39,820	38,735	38,706	38,698	38,603	36,378	36,348	36,303	36,272	33,625	33,610	33,609	33,593	28,159	28,158	28,155	26,536	26,462	25,271	25,258	25,239	25,155	25,155	25,155	25,150	25,087	25,079	25,102	25,102	24,983	24,961	24,961	15,375	15,163	15,018	14,915	14,915	14,866	14,895	14,895	14,887	14,870	14,869	14,868	14,850	14,850	14,356	14,340	14,286	14,271	13,184	13,181	13,160	13,071	10,866	10,871	10,851	10,850	10,850	10,824	10,824	10,824	10,806	10,791	10,790	10,790	10,790	9,548	9,200	9,138	9,138	9,138	9,134	9,100	7,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Current Deferred Revenue	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	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	-	-	-	-
Deferred Long Term Asset Charges	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	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	-	-	-	-
Deferred Long Term Liab	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	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	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,480,555	3,230,116	3,502,897	3,031,891	1,754,515	2,081,232	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Good Will	1,015,646	1,015,646	1,015,646	1,015,646	1,015,646	1,023,071	1,023,056	1,022,345	1,012,620	928,005	928,005	928,005	928,005	928,005	928,005	931,947	931,637	911,488	501,140	501,308	503,434	505,604	504,764	208,513	125,532	125,532	125,532	126,419	125,532	122,545	121,422	121,512	90,082	87,701	87,367	63,547	63,547	58,879	58,903	35,049	35,049	956	956	956	956	956	956	956	956	956	956	956	956	0	0	0	0	54,813	54,813	54,813	54,813	54,813	54,813	54,813	54,675	54,813	54,629	54,419	54,365	42,933	42,933	43,304	18,251	25,054	25,054	24,325	5,094	19,231	19,231	19,231	19,231	19,240	19,240	19,240	19,240	19,240	19,240	19,240	19,240	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	-	-	-	-
Intangible Assets	87,949	92,375	96,800	101,488	106,194	110,903	115,613	120,757	125,938	60,396	63,783	67,848	71,974	76,164	80,354	85,955	91,586	97,328	52,437	55,557	58,689	54,729	53,561	12,562	13,496	14,437	15,378	16,391	17,428	18,472	20,574	21,892	17,058	18,218	19,189	7,591	8,221	9,114	9,812	5,477	6,009	1,972	2,318	2,676	3,040	3,404	3,767	4,179	3,250	3,471	3,745	3,973	4,261	3,097	3,314	3,364	3,586	3,193	3,339	3,485	58,444	3,924	4,217	4,217	4,509	4,802	5,450	5,775	60,464	5,640	5,971	6,203	3,525	3,091	3,296	3,495	1,209	2,694	2,891	3,089	22,517	3,542	3,798	4,053	23,549	4,795	24,496	24,905	25,314	21,458	9,961	6,631	6,832	7,392	7,234	7,435	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Inventory	0	0	0	1,527	843	903	957	2,049	3,894	4,746	6,001	9,681	12,424	18,227	24,911	21,810	19,500	20,710	14,675	16,871	16,753	17,067	15,275	127,029	214,917	156,729	169,579	127,771	129,338	151,781	133,192	131,218	146,673	156,278	157,134	136,042	163,411	187,922	171,888	132,032	150,798	160,164	164,643	160,681	176,909	155,241	143,144	140,701	140,481	145,261	125,116	122,015	112,848	79,335	66,924	34,683	23,316	21,923	19,180	14,271	4,742	3,734	3,032	5,727	6,993	2,497	2,084	1,038	1,838	1,612	1,934	1,376	1,149	559	736	431	476	1,524	1,643	1,304	1,503	1,247	1,355	1,483	0	2,552	0	0	1,250	0	731	988	620	1,127	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Liabilities And Stockholders Equity	25,312,831	25,697,830	25,800,618	26,088,384	25,053,286	23,813,657	23,687,470	23,560,292	23,858,321	22,533,141	21,886,931	21,427,127	20,438,638	19,873,851	19,872,629	18,224,548	18,242,579	17,764,277	11,889,336	11,656,275	11,443,515	11,428,994	11,190,697	8,022,828	7,856,203	7,649,820	7,397,858	7,094,856	6,892,031	6,493,495	6,221,294	6,097,771	5,588,940	5,216,300	5,205,734	4,152,904	4,037,511	3,999,408	3,973,135	3,487,984	3,667,649	2,818,502	2,808,675	2,861,651	3,019,052	2,949,383	2,920,311	3,043,234	2,994,307	3,010,379	2,857,237	2,918,423	2,972,168	2,434,703	2,421,910	2,351,658	2,423,970	2,207,475	2,285,245	2,346,278	2,407,090	2,257,643	2,193,021	2,193,021	2,118,243	2,112,063	2,049,073	2,036,413	2,047,542	1,945,904	1,783,344	1,738,891	1,697,209	1,370,439	1,305,156	1,260,031	1,267,993	1,184,991	1,157,156	1,168,385	1,168,044	1,137,532	1,155,206	1,174,161	1,192,477	1,163,825	1,127,045	1,138,374	1,176,886	1,091,171	903,040	828,570	826,197	812,716	802,879	772,153	789,500	751,400	721,300	706,200	724,900	700,000	699,900	707,200	691,900	685,400	642,500	631,700	635,000	576,600	451,700	335,600	341,500	314,000	300,300	293,900	292,800	-	272,000	-
Long Term Debt	639,901	1,339,370	1,666,308	2,530,147	2,004,058	853,487	552,917	552,347	866,207	551,205	550,634	550,064	549,500	999,115	1,541,711	1,666,261	1,526,269	1,478,247	654,507	240,983	240,961	745,817	950,746	641,381	336,104	893,820	764,480	610,228	576,549	457,359	343,761	193,768	108,874	108,600	108,325	109,418	144,206	212,493	165,135	115,305	250,038	47,269	42,269	42,269	42,269	42,269	46,079	46,079	62,269	63,269	42,269	42,269	85,764	42,269	42,269	44,269	44,269	49,269	49,269	49,269	114,269	180,869	175,269	116,769	132,769	158,769	147,769	117,769	117,769	118,556	164,816	140,817	146,744	156,697	130,804	130,865	145,933	165,960	152,376	147,802	132,045	147,584	133,025	138,458	151,790	34,500	34,500	34,500	129,693	101,281	57,614	45,464	55,350	66,466	59,779	36,917	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Long Term Debt Total	0	0	1,666,308	2,530,147	0	853,487	552,917	552,347	866,207	551,205	550,634	550,064	549,500	999,115	1,541,711	1,666,261	397,150	1,478,247	654,507	240,983	240,961	745,817	950,746	641,381	336,104	893,820	764,480	610,228	576,549	457,359	343,761	193,768	108,874	108,600	108,325	109,418	144,206	212,493	165,135	115,305	250,038	47,269	42,269	42,269	42,269	42,269	46,079	46,079	62,269	63,269	42,269	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	-	-	-	-
Long Term Investments	1,616,250	1,670,897	1,712,525	1,777,726	1,745,916	358,547	1,213,422	720,053	720,023	776,574	834,843	2,396,800	2,178,740	2,579,654	3,051,746	2,833,023	1,470,322	2,761,464	1,576,304	1,372,519	1,325,394	1,336,370	1,342,993	150,085	248,176	195,315	200,591	153,255	135,388	150,841	121,882	110,241	120,505	121,129	140,718	82,432	2,919,276	2,936,606	2,873,648	2,543,616	2,519,173	2,060,460	2,045,471	1,977,955	1,990,372	1,996,219	1,968,571	1,974,362	1,889,860	1,949,041	1,822,383	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	-	-	-	-
Negative Goodwill	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	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	-	-	-	-
Net Debt	-468,882	1,098,233	1,381,756	2,263,747	1,719,491	584,294	207,290	295,031	601,400	312,177	290,905	325,656	-323,055	741,840	1,248,563	1,410,700	1,279,786	1,283,772	502,573	88,811	58,113	575,806	787,685	517,471	196,791	762,721	624,980	483,064	449,385	334,089	227,506	46,905	-9,644	-5,796	-7,088	29,276	66,170	143,072	84,149	43,918	201,809	-6,247	-8,074	-8,218	-37,987	-15,020	-14,047	-18,884	-232,301	7,508	-26,283	-46,117	-221,279	-1,545	-12,175	-24,590	-231,829	5,508	2,496	-143,259	-51,901	61,862	127,549	127,549	53,368	60,943	97,441	68,129	-74,880	64,463	100,922	73,247	1,470	109,149	72,786	36,436	48,263	96,741	105,959	72,022	51,565	94,511	23,216	38,584	-5,787	27,867	27,804	-9,201	-62,182	20,356	6,640	4,573	11,987	37,643	28,657	-1,767	-13,900	4,200	-9,600	-26,000	-44,600	-35,500	-27,600	-17,500	-20,900	-9,500	3,400	-5,900	-16,700	12,600	7,400	-15,900	-22,000	-16,500	-19,300	-14,500	-20,100	-	-16,300	-
Net Invested Capital	4,066,648	4,686,439	4,950,938	5,783,342	5,201,458	3,972,557	3,626,293	3,559,506	3,832,658	3,451,975	3,387,638	3,307,660	3,196,588	3,563,798	4,001,841	4,103,411	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	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	-	-	-	-
Net Receivables	0	0	0	0	0	0	0	0	0	0	0	14,421,235	14,281,503	14,711,669	14,294,364	12,944,582	0	12,790,754	9,018,077	8,453,680	8,483,095	8,501,402	8,459,002	6,163,971	6,020,564	5,931,056	5,645,740	5,296,264	4,613,932	4,135,166	3,869,554	1,197	6,301	4,506	14,957	23,312	31,351	38,233	49,180	53,181	65,441	81,763	105,513	160,979	159,724	198,440	203,801	220,016	242,394	239,719	160,927	167,176	177,187	0	0	45,827	45,840	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	-	-	-	-
Net Tangible Assets	0	0	2,172,184	2,136,061	2,075,560	1,985,096	1,934,707	1,864,057	1,827,893	1,912,369	1,845,216	1,761,743	1,647,109	1,560,514	1,451,771	1,419,248	1,446,359	1,411,907	983,544	938,719	894,224	844,644	813,571	647,869	665,451	661,952	641,772	616,293	503,477	501,566	483,919	457,424	407,619	396,381	380,214	418,645	294,260	285,837	274,684	259,504	247,641	259,490	256,658	252,337	247,359	243,639	245,172	241,678	238,837	239,423	222,038	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	-	-	-	-
Net Working Capital	-8,662,447	-5,774,392	-6,136,989	-7,584,657	-7,389,302	-6,818,858	-4,904,778	-18,753,986	777,578	20,477,285	19,023,084	19,290,085	170,035	17,420,600	298,978	14,315,505	140,085	14,887,905	9,818,656	9,702,122	9,459,104	-335,723	8,572,795	6,324,560	-144,706	5,789,823	5,670,652	5,514,606	5,736,805	5,330,725	5,055,680	4,942,836	4,543,653	4,140,918	4,078,786	3,340,508	3,291,978	3,267,967	3,235,824	2,883,993	3,010,340	-51,099	-67,698	-79,878	-112,668	-106,640	-111,468	-121,414	-91,868	-91,824	-96,119	-73,921	-91,659	3,397	1,372	-89,510	-87,069	-105,802	-112,453	-192,906	-219,982	-186,588	-190,552	-112,552	-184,579	-178,413	-187,033	-183,354	-176,733	-154,481	-152,468	-169,841	-135,258	-101,893	-113,783	-108,597	-112,758	-79,989	-90,052	-91,966	922,848	-81,306	-86,970	-96,760	959,935	-1,021,876	89,519	85,358	86,751	0	0	0	770,512	-12,530	-12,293	0	720,500	-4,200	9,600	26,000	44,400	-581,500	-587,400	-601,500	39,500	-588,600	-554,600	-542,300	-569,100	-492,800	-391,400	-284,100	-420,400	-262,500	-247,700	-246,500	-	-	-	-
Non Current Assets Total	24,139,328	2,996,482	3,043,633	3,113,738	3,088,039	2,802,591	2,576,340	2,087,448	2,083,981	1,991,405	2,056,625	2,114,675	999,979	2,400,212	2,553,826	2,684,043	2,726,647	2,806,372	2,000,680	1,948,155	1,914,411	1,904,717	1,901,281	1,218,268	1,109,909	1,126,997	1,123,206	1,130,248	1,116,376	1,125,910	1,128,745	1,118,056	1,021,287	1,051,382	1,102,948	788,396	721,099	708,941	714,811	593,991	647,309	388,601	397,373	405,529	433,720	448,023	454,779	460,648	427,175	428,203	415,356	389,344	406,827	312,306	315,538	325,160	324,039	381,277	387,698	473,184	501,072	422,231	425,573	425,573	423,822	417,476	413,106	407,767	397,275	357,385	346,812	362,732	324,467	264,332	274,939	266,628	269,751	234,980	241,208	243,351	238,649	227,838	232,176	239,921	227,179	24,035	51,526	52,016	52,135	193,522	175,628	169,285	26,535	181,184	181,573	168,609	27,100	167,700	159,100	169,000	27,500	138,000	134,900	149,900	28,400	148,200	130,400	136,400	133,700	111,800	87,600	64,100	57,100	54,400	54,700	53,400	53,700	-	52,000	-
Non Current Liabilities Other	0	0	406,555	407,587	0	374,181	376,195	412,345	360,110	247,677	241,296	243,594	284,227	246,247	280,970	276,519	0	205,713	115,338	118,833	96,894	96,837	106,426	66,303	89,775	58,603	57,299	84,043	93,882	87,455	72,086	72,388	86,017	74,877	99,092	73,472	95,694	59,966	75,566	62,002	101,681	37,456	35,526	45,687	73,103	27,791	28,621	34,098	46,702	23,796	26,447	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	-	-	-	-
Non Current Liabilities Total	12,050,134	1,339,370	1,666,308	2,530,147	21,855,886	20,694,587	552,917	552,347	866,207	551,205	550,634	550,064	833,727	999,115	1,541,711	1,666,261	1,526,269	1,408,247	584,507	240,983	170,961	745,817	950,782	641,416	336,104	893,792	764,480	610,228	537,699	420,499	306,892	156,889	84,874	84,600	84,325	85,418	120,206	189,993	142,635	105,305	240,038	47,269	42,269	42,269	42,269	42,269	46,079	46,079	62,269	63,269	42,269	42,269	85,764	2,160,735	42,269	44,269	44,269	49,269	49,269	49,269	114,269	180,869	175,269	175,269	116,769	132,769	147,769	117,769	117,769	118,556	164,816	140,817	146,744	156,697	130,804	130,865	145,933	165,960	152,376	147,802	132,045	147,584	98,525	138,458	117,290	35,000	35,000	35,000	35,000	101,281	57,614	45,464	26,200	25,113	16,364	36,917	24,300	0	0	0	9,400	14,000	16,000	0	15,400	0	30,800	24,800	19,200	4,000	0	0	0	0	0	0	-	-	-	-
Non Currrent Assets Other	21,316,611	-2,996,482	-3,043,633	-3,113,738	-132,842	-2,802,591	802,419	16,862,378	16,167,570	-4,329	-9,081	-22,367	-1,233,971	-53,039	-56,306	-24,196	11,334,056	-22,111	-30,812	-59,034	7,572,543	-38,217	-40,240	-28,677	5,757,617	-39,365	-41,124	-42,392	4,755,191	4,251,044	3,958,899	3,781,766	3,589,783	3,033,210	2,896,564	2,674,036	2,795,084	2,653,304	2,641,708	2,365,893	2,405,709	1,982,374	1,939,278	1,920,627	1,998,443	1,884,580	1,834,625	1,925,816	2,162,891	1,945,857	1,878,026	-384,415	-401,610	-1	-312,224	-321,796	-320,453	-323,271	-1,788	-349,734	58,444	58,737	59,030	59,030	59,184	59,615	60,079	60,194	60,464	48,573	48,904	49,507	49,716	28,145	28,350	27,820	28,031	21,925	22,122	22,320	22,517	22,782	23,038	23,293	23,549	-2,602	24,496	24,905	25,314	-193,522	-175,628	-169,285	6,832	-181,184	-181,573	-168,609	7,600	-167,700	-159,100	-169,000	8,400	-138,000	-134,900	-149,900	9,300	-148,200	-130,400	-136,400	-133,700	-111,800	-87,600	-64,100	-57,100	-54,400	-54,700	-53,400	-53,700	-	-52,000	-
Noncontrolling Interest In Consolidated Entity	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	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	-	-	-	-
Other Assets	0	21,036,130	21,012,077	21,211,410	20,180,620	19,486,724	17,752,026	20,636,324	20,916,912	22,533,141	21,886,931	21,427,127	19,235,310	19,873,851	19,872,629	18,224,548	20,969,226	20,570,649	13,890,016	13,604,430	13,357,926	13,333,711	13,091,978	9,241,096	8,966,112	8,776,817	8,521,064	8,225,104	8,008,407	7,619,405	7,350,039	7,215,827	6,610,227	6,267,682	6,308,682	4,941,300	434	4,708,349	4,687,946	4,081,975	4,314,958	3,207,103	3,206,048	3,267,180	3,452,772	3,397,406	3,375,090	3,503,882	3,421,482	3,438,582	3,272,593	3,307,767	3,378,995	2,747,009	2,737,448	8	2,748,009	2,588,752	2,672,943	2,819,462	2,908,162	2,679,874	2,618,594	2,542,065	2,529,539	2,519,556	2,462,179	2,444,180	2,444,817	2,303,289	2,130,156	2,101,623	2,021,676	1,634,771	1,580,095	1,526,659	1,537,744	1,419,971	1,398,364	1,411,736	1,406,693	1,365,370	1,387,382	1,414,082	1,419,656	1,139,666	219,961	215,326	201,164	816,724	676,438	618,394	184,962	602,709	590,184	564,860	0	537,500	521,400	497,200	0	512,500	521,400	518,800	0	506,800	484,700	464,600	460,400	437,600	344,500	254,600	260,800	241,100	225,300	224,000	219,000	-	203,700	-
Other Current Assets	1,173,503	1,623,470	1,395,100	2,090,355	1,196,017	1,393,839	1,961,209	3,541,144	20,916,912	19,618,204	18,792,410	18,228,392	-2,877,085	16,098,928	15,786,759	13,931,904	13,514,844	13,272,223	8,463,478	8,321,513	7,681,390	8,191,696	7,972,616	5,832,030	5,604,773	5,572,159	5,316,459	5,006,679	4,754,535	4,406,191	4,132,648	3,994,552	3,393,104	3,234,631	3,110,262	2,650,724	2,577,963	2,653,304	2,592,528	2,312,712	2,215,645	1,982,374	1,939,278	1,920,627	1,804,766	2,238,628	2,193,721	2,092,468	2,020,290	2,275,607	1,983,718	2,261,081	2,068,671	1,764,390	1,804,101	1,703,610	1,770,733	1,663,661	1,682,990	1,674,864	1,739,848	1,716,405	1,719,728	1,719,728	1,631,020	1,622,761	1,585,639	1,579,006	1,457,618	1,534,426	1,372,638	1,308,589	1,227,468	1,058,559	972,199	898,974	900,572	880,792	869,531	849,254	848,915	856,621	847,721	834,366	842,221	-124,341	1,010,051	983,168	967,276	0	0	0	756,299	0	0	0	682,300	0	0	0	640,900	0	0	0	627,200	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Current Liab	9,824,705	6,589,610	6,706,897	7,297,893	9,162,602	8,343,200	8,262,929	19,588,441	19,665,553	18,833,489	807,222	22,367	16,957,823	16,063,806	15,589,818	13,844,618	0	13,659,594	9,582,370	9,800,875	9,649,313	9,181,363	8,761,593	6,446,165	6,625,845	5,895,504	5,793,397	5,642,369	5,575,163	5,306,098	5,179,532	5,230,787	4,879,290	4,530,523	4,511,547	3,480,231	3,431,149	3,373,119	3,389,035	3,010,647	2,999,231	2,443,421	2,443,103	2,489,973	2,624,663	2,580,117	2,544,672	2,665,360	2,591,566	2,628,892	2,511,363	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	1,022,000	986,000	1,001,000	1,038,000	0	0	0	0	0	0	0	0	0	0	0	650,500	631,000	631,000	619,000	624,000	598,100	582,000	573,000	605,000	484,500	411,000	301,000	442,400	281,000	258,800	258,400	-	-	-	-
Other Liab	0	0	0	0	319,428	374,181	375,242	410,280	354,265	243,175	235,752	234,274	272,586	237,144	268,091	261,359	152,287	145,919	85,199	86,494	75,234	82,766	95,424	43,033	59,137	44,447	38,899	43,628	40,377	44,808	34,947	28,647	22,432	23,371	24,026	17,952	22,384	27,615	24,457	12,028	18,165	17,201	16,384	22,768	22,983	10,387	8,821	5,308	9,037	10,616	9,311	9,351	9,387	6,279	7,145	5,082	6,367	7,268	9,967	12,046	12,521	13,118	14,541	15,888	16,075	15,560	15,054	18,003	24,945	19,217	15,629	17,036	16,223	8,507	7,018	8,069	7,367	6,513	5,783	8,436	7,651	8,551	8,307	8,898	8,814	9,137	8,409	8,539	7,997	8,903	7,776	7,213	7,653	3,973	6,269	6,356	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Stockholder Equity	1,850,213	1,850,949	1,847,991	1,853,780	1,860,385	1,858,080	1,856,401	1,859,063	1,872,408	1,871,890	1,876,144	1,873,568	1,870,319	1,868,071	1,866,895	1,865,794	1,872,137	1,876,667	1,025,378	1,035,631	1,035,023	1,034,191	1,033,799	543,581	493,905	492,280	491,304	488,928	396,663	396,017	394,951	394,750	324,961	324,211	323,824	323,271	213,359	212,528	212,274	179,065	178,540	154,653	154,301	153,902	153,883	153,351	155,854	155,748	155,808	155,554	155,339	155,164	155,099	154,713	153,558	77,018	76,978	75,620	75,476	75,354	75,251	72,666	72,521	72,521	72,146	71,981	71,338	71,027	70,888	58,070	57,978	57,039	56,900	35,728	35,771	35,608	34,853	36,520	36,630	36,258	36,587	36,481	36,093	36,099	36,257	38,378	37,430	37,795	39,396	41,817	28,592	24,575	23,107	21,685	21,122	22,648	24,700	26,700	35,200	35,200	35,200	36,000	35,600	35,900	35,700	35,600	33,500	33,500	33,600	31,500	24,400	18,800	19,000	18,800	18,800	18,800	18,700	-	19,000	-
Preferred Stock Redeemable	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	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	-	-	-	-
Preferred Stock Total Equity	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	28,000	27,938	27,845	27,753	27,662	51,207	51,044	50,884	50,727	50,572	50,419	50,269	50,121	49,975	49,832	49,691	49,552	49,411	49,279	49,140	49,028	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	-	-	-	-
Property Plant And Equipment Gross	337,793	0	0	0	333,100	0	0	0	0	0	229,994	231,550	222,890	231,278	230,118	231,347	233,102	239,428	141,378	141,698	145,410	145,885	144,484	116,381	117,738	119,458	121,108	121,610	121,217	122,191	123,978	124,747	121,639	124,756	124,916	98,292	97,251	98,752	99,495	87,430	103,188	65,661	70,167	72,340	75,983	75,609	75,192	72,755	73,124	71,848	65,925	66,359	66,589	66,056	66,708	66,523	67,637	67,641	67,334	65,152	66,107	65,868	63,291	60,053	59,132	54,639	52,385	47,251	46,604	42,266	40,625	40,194	39,606	28,355	28,218	27,870	27,772	26,469	26,302	25,902	25,537	25,137	25,108	25,222	25,327	26,637	27,030	27,111	26,821	24,138	19,718	19,461	19,703	20,060	20,232	19,819	19,500	19,300	19,500	19,200	19,100	19,600	18,900	19,200	19,100	18,600	17,200	16,500	15,600	12,900	10,100	7,200	6,900	7,000	7,200	7,200	7,200	-	7,300	-
Property Plant And Equipment Net	266,299	217,564	218,662	218,878	220,283	222,694	224,249	224,293	225,400	226,430	229,994	231,550	222,890	231,278	230,118	231,347	233,102	239,428	141,378	167,437	145,410	145,885	144,484	116,381	117,738	119,458	121,108	121,610	121,217	122,191	123,978	124,747	121,639	124,756	124,916	98,292	97,251	98,752	99,495	87,430	103,188	65,661	70,167	72,340	75,983	75,609	75,192	72,755	73,124	71,848	65,925	66,359	66,589	66,056	66,708	66,523	67,637	67,641	67,334	65,152	66,107	65,868	63,291	63,291	60,053	59,132	52,385	47,251	46,604	42,266	40,625	40,194	39,606	28,355	28,218	27,870	27,772	26,469	26,302	25,902	25,537	25,137	25,108	25,222	25,327	26,637	27,030	27,111	26,821	24,138	19,718	19,461	19,703	20,060	20,232	19,819	19,500	19,300	19,500	19,200	19,100	19,600	18,900	19,200	19,100	18,600	17,200	16,500	15,600	12,900	10,100	7,200	6,900	7,000	7,200	7,200	7,200	-	7,300	-
Property Plant Equipment	0	0	218,662	218,878	276,616	222,694	224,249	224,293	225,400	226,430	229,994	240,391	222,890	249,247	253,681	252,374	272,423	239,428	141,378	141,698	145,410	145,885	144,484	116,381	117,738	119,458	121,108	121,610	121,217	122,191	123,978	124,747	121,639	124,756	124,916	98,292	97,251	98,752	99,495	87,430	103,188	65,661	70,167	72,340	75,983	75,609	75,192	72,755	73,124	71,848	65,925	66,359	66,589	66,056	66,708	66,523	67,637	67,641	67,334	65,152	66,107	65,868	63,291	60,053	59,132	54,639	52,385	47,251	46,604	42,266	40,625	40,194	39,606	28,355	28,218	27,870	27,772	26,469	26,302	25,902	25,537	25,137	25,108	25,222	25,327	26,637	27,030	27,111	26,821	24,138	19,718	19,461	19,703	20,060	20,232	19,819	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Retained Earnings	1,539,957	1,484,424	1,414,742	1,362,512	1,311,258	1,239,477	1,157,359	1,077,725	1,006,436	934,979	863,828	785,984	671,510	587,657	481,948	460,153	507,950	457,127	446,182	412,005	377,135	338,350	301,656	296,366	273,119	267,694	251,259	231,894	214,454	199,769	181,701	163,395	152,820	140,282	126,265	126,566	118,412	109,170	100,185	92,055	83,991	83,025	76,791	70,554	65,710	62,156	61,081	59,403	54,852	54,530	38,888	37,580	37,000	35,948	38,795	43,707	46,031	86,528	87,451	91,619	93,696	105,117	105,430	105,430	104,182	103,095	102,124	98,631	95,523	91,589	87,466	83,970	80,683	79,791	77,549	75,708	73,768	71,352	69,636	67,964	66,145	63,929	62,454	60,815	59,210	57,664	56,276	54,570	53,584	52,275	50,839	49,699	48,411	46,496	45,161	43,733	42,200	40,500	39,100	37,700	36,300	33,400	32,700	31,800	32,300	31,000	26,600	25,400	24,200	21,000	16,800	15,800	14,900	14,100	13,300	12,500	11,800	-	10,300	-
Retained Earnings Total Equity	0	0	1,414,742	1,362,512	0	1,239,477	1,157,359	1,077,725	1,006,436	934,979	863,828	785,984	671,510	587,657	481,948	460,153	0	457,127	446,182	412,005	377,135	338,350	301,656	296,366	273,119	267,694	251,259	231,894	214,454	199,769	181,701	163,395	152,820	140,282	126,265	126,566	118,412	109,170	98,847	92,055	83,991	83,025	76,790	70,554	65,710	62,156	61,081	59,402	54,852	54,530	38,888	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	-	-	-	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,225,000	0	70,000	70,000	5,998	20	759,888	961,784	664,686	366,809	907,948	782,880	566,084	630,054	416,108	297,330	0	15,000	0	0	0	217,765	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	0	0	0	0	-	-	-	-
Short Long Term Debt Total	698,422	1,339,370	1,666,308	2,530,147	2,004,058	853,487	552,917	552,347	866,207	551,205	550,634	550,064	1,774,500	999,115	1,541,711	1,666,261	1,526,269	1,478,247	654,507	240,983	240,961	745,817	950,782	641,416	336,104	893,792	764,480	610,228	576,549	457,359	343,761	193,768	108,874	108,600	108,325	109,418	144,206	212,493	165,135	115,305	264,764	47,269	42,269	42,269	42,269	42,269	46,079	46,079	62,269	63,269	42,269	42,269	85,764	42,269	42,269	44,269	44,269	49,269	49,269	49,269	114,269	180,869	175,269	175,269	116,769	132,769	147,769	117,769	117,769	118,556	164,816	140,817	146,744	156,697	130,804	130,865	145,933	165,960	152,376	147,802	132,045	147,584	98,525	138,458	117,290	152,332	93,272	93,989	95,293	101,281	57,614	45,464	55,350	66,466	59,779	36,917	66,200	50,400	31,200	14,000	11,900	14,000	16,000	21,000	15,400	20,900	30,800	24,800	24,200	39,800	27,000	1,000	1,600	2,000	1,000	2,000	-	-	-	-
Short Term Debt	11,245	850,000	1,175,000	2,050,000	11,327	0	953	0	79,850	64,451	807,222	0	1,225,000	0	0	1,225,000	1,125,000	70,000	70,000	5,998	70,000	759,888	716,621	480,000	366,809	733,000	604,000	450,002	38,850	36,860	36,869	36,879	24,000	24,000	24,000	24,000	24,000	22,500	22,500	10,000	10,000	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	0	0	0	0	0	0	0	0	0	0	0	0	6,547	0	0	0	5,363	0	0	0	0	0	0	0	29,150	41,353	43,415	0	41,900	50,400	31,200	14,000	2,500	0	0	21,000	0	20,900	0	0	5,000	35,500	0	1,600	1,600	0	0	0	-	-	-	-
Short Term Investments	1,402,944	1,424,081	1,460,356	1,496,836	1,500,060	1,255,149	1,052,268	579,204	592,621	684,504	778,167	859,652	982,879	1,117,436	1,238,896	1,353,040	1,403,403	1,491,207	1,273,244	1,234,435	1,192,423	1,162,570	1,153,703	848,585	810,873	819,593	818,693	830,765	822,735	838,124	843,646	837,103	783,185	811,385	862,154	610,330	541,805	529,509	535,630	456,713	486,235	312,248	316,168	324,029	346,909	7,003	7,884	10,967	9,878	11,089	10,354	12,436	12,440	7,106	7,531	7,260	7,260	4,441	6,229	5,702	144,383	287,790	0	293,601	297,589	0	300,642	300,322	267,343	266,546	257,283	273,031	99,781	207,832	218,371	210,938	69,616	186,586	192,784	195,129	35,626	179,919	184,030	191,406	77,979	138,254	0	0	106,216	0	0	0	4,952	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	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	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	-	-	-	-
Total Assets	25,312,831	25,697,830	25,800,618	26,088,384	25,053,286	23,813,657	23,687,470	23,560,292	23,858,321	22,533,141	21,886,931	21,427,127	20,438,638	19,873,851	19,872,629	18,224,548	18,242,579	17,764,277	11,889,336	11,656,275	11,443,515	11,428,994	11,190,697	8,022,828	7,856,203	7,649,820	7,397,858	7,094,856	6,892,031	6,493,495	6,221,294	6,097,771	5,588,940	5,216,300	5,205,734	4,152,904	4,037,511	3,999,408	3,973,135	3,487,984	3,667,649	2,818,502	2,808,675	2,861,651	3,019,052	2,949,383	2,920,311	3,043,234	2,994,307	3,010,379	2,857,237	2,918,423	2,972,168	2,434,703	2,421,910	2,351,658	2,423,970	2,207,475	2,285,245	2,346,278	2,407,090	2,257,643	2,193,021	2,193,021	2,118,243	2,112,063	2,049,073	2,036,413	2,047,542	1,945,904	1,783,344	1,738,891	1,697,209	1,370,439	1,305,156	1,260,031	1,267,993	1,184,991	1,157,156	1,168,385	1,168,044	1,137,532	1,155,206	1,174,161	1,192,477	1,163,825	1,127,045	1,138,374	1,176,886	1,091,171	903,040	828,570	826,197	812,716	802,879	772,153	789,500	751,400	721,300	706,200	724,900	700,000	699,900	707,200	691,900	685,400	642,500	631,700	635,000	576,600	451,700	335,600	341,500	314,000	300,300	293,900	292,800	-	272,000	-
Total Current Assets	1,173,503	1,665,218	1,744,908	1,763,236	1,784,627	1,524,342	3,359,104	836,520	857,428	20,541,736	19,830,306	19,312,452	203,349	17,473,639	17,318,803	15,540,505	15,515,932	14,957,905	9,888,656	9,708,120	9,529,104	9,524,277	9,289,416	6,804,560	6,746,294	6,522,823	6,274,652	5,964,608	5,775,655	5,367,585	5,092,549	4,979,715	4,567,653	4,164,918	4,102,786	3,364,508	3,315,978	3,290,467	3,258,324	2,893,993	3,020,340	2,429,901	2,411,302	2,456,122	2,585,332	2,501,360	2,465,532	2,582,586	2,567,132	2,582,176	2,441,881	2,529,079	2,565,341	2,122,397	2,106,372	2,026,490	2,099,931	1,826,198	1,897,547	1,873,094	1,906,018	1,835,412	1,767,448	1,767,448	1,694,421	1,694,587	1,635,967	1,628,646	1,650,267	1,588,519	1,436,532	1,376,159	1,372,742	1,106,107	1,030,217	993,403	998,242	950,011	915,948	925,034	929,395	909,694	923,030	934,240	965,298	124	1,075,519	1,086,358	1,124,751	80,925	50,974	40,891	799,662	28,823	31,122	38,684	762,400	46,200	40,800	40,000	697,400	49,500	43,600	38,500	663,500	30,400	27,400	30,700	40,900	27,200	19,600	16,900	23,600	18,500	20,300	16,500	20,100	-	16,300	-
Total Current Liabilities	9,835,950	7,439,610	7,881,897	9,347,893	9,173,929	8,343,200	8,263,882	19,590,506	79,850	64,451	807,222	22,367	33,314	53,039	17,019,825	1,225,000	15,375,847	70,000	70,000	5,998	70,000	9,860,000	716,621	480,000	6,891,000	733,000	604,000	450,002	38,850	36,860	36,869	36,879	24,000	24,000	24,000	24,000	24,000	22,500	22,500	10,000	10,000	2,481,000	2,479,000	2,536,000	2,698,000	2,608,000	2,577,000	2,704,000	2,659,000	2,674,000	2,538,000	2,603,000	2,657,000	2,119,000	2,105,000	2,116,000	2,187,000	1,932,000	2,010,000	2,066,000	2,126,000	2,022,000	1,958,000	1,880,000	1,879,000	1,873,000	1,823,000	1,812,000	1,827,000	1,743,000	1,589,000	1,546,000	1,508,000	1,208,000	1,144,000	1,102,000	1,111,000	1,030,000	1,006,000	1,017,000	6,547	991,000	1,010,000	1,031,000	5,363	1,022,000	986,000	1,001,000	1,038,000	0	0	0	29,150	41,353	43,415	0	41,900	50,400	31,200	14,000	653,000	631,000	631,000	640,000	624,000	619,000	582,000	573,000	610,000	520,000	411,000	301,000	444,000	281,000	268,000	263,000	-	-	-	-
Total Liab	21,886,084	1,339,370	1,666,308	2,530,147	21,855,886	20,694,587	20,614,094	20,553,133	20,891,870	19,632,371	19,049,927	18,669,531	17,791,550	17,309,168	17,412,499	15,787,398	15,772,997	15,343,554	10,352,215	10,160,691	9,987,168	10,024,017	9,818,801	7,153,884	7,051,724	6,847,899	6,615,176	6,336,640	6,245,594	5,850,912	5,595,379	5,496,943	5,074,181	4,714,000	4,718,964	3,663,121	3,671,483	3,645,578	3,629,736	3,187,954	3,350,950	2,528,146	2,520,898	2,577,929	2,740,035	2,650,177	2,619,372	2,745,537	2,700,537	2,715,957	2,580,079	2,644,566	2,698,761	2,160,735	2,147,040	2,158,297	2,229,006	1,974,459	2,052,091	2,108,294	2,167,731	2,064,299	2,000,466	2,000,466	1,921,935	1,920,814	1,864,974	1,853,649	1,868,810	1,785,464	1,630,342	1,587,461	1,548,506	1,243,829	1,180,072	1,138,152	1,147,054	1,066,316	1,042,011	1,052,508	1,054,431	1,026,198	1,010,060	1,065,585	1,050,493	1,056,977	986,581	1,001,144	1,038,238	986,289	814,061	745,096	745,541	735,397	727,458	696,638	713,500	676,600	647,700	633,200	653,100	630,600	631,400	640,000	623,700	619,000	582,400	573,300	577,300	524,100	411,000	301,000	444,000	281,100	268,200	263,000	262,300	-	242,700	-
Total Permanent Equity	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	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	-	-	-	-
Total Stockholder Equity	3,426,747	3,347,069	3,284,630	3,253,195	3,197,400	3,119,070	3,073,376	3,007,159	2,966,451	2,900,770	2,837,004	2,757,596	2,647,088	2,564,683	2,460,130	2,437,150	2,469,582	2,420,723	1,537,121	1,495,584	1,456,347	1,404,977	1,371,896	868,944	804,479	801,921	782,682	758,216	646,437	642,583	625,915	600,828	514,759	502,300	486,770	489,783	366,028	353,830	343,399	300,030	316,699	290,356	287,777	283,722	279,017	299,206	300,939	297,697	293,770	294,422	277,158	273,857	273,407	273,968	274,870	193,361	194,964	233,016	233,154	237,984	239,359	193,344	192,555	192,555	196,308	191,249	184,099	182,764	178,732	160,440	153,002	151,430	148,703	126,610	125,084	121,879	120,939	118,675	115,145	115,877	113,613	111,334	110,646	108,576	141,984	106,848	140,464	137,230	138,648	104,882	88,979	83,474	80,656	77,319	75,421	75,515	76,000	74,800	73,600	73,000	71,800	69,400	68,500	67,700	68,200	66,700	60,100	58,400	57,700	52,500	41,200	34,600	33,900	32,900	32,100	31,300	30,500	-	29,300	-
Treasury Stock	0	0	0	0	0	-74,826	-74,687	-69,639	-52,405	-51,074	-44,422	-44,422	-42,966	-42,960	-42,944	-42,927	-34,971	-28,122	-28,122	-17,559	-16,561	-16,561	-15,484	-15,459	-14,499	-14,499	-14,499	-14,615	-13,613	-13,613	-13,598	-12,976	-12,388	-12,388	-12,388	-12,307	-11,656	-11,614	-11,614	-11,448	-11,182	-11,182	-11,182	-11,176	-11,066	-10,831	-10,831	-10,831	-10,831	-10,831	-10,831	-10,831	-10,831	-10,831	-10,820	-10,812	-10,812	-10,812	-10,810	-10,787	-10,787	-10,787	-10,787	-10,774	-10,769	-10,769	-10,900	-10,593	-10,593	-10,593	-10,481	-10,481	-10,481	-10,474	-10,402	-10,220	-10,220	-10,220	-10,194	-10,194	-9,859	-9,859	-9,847	-9,847	-9,689	-8,503	-8,186	-7,821	-6,220	-6,220	-6,220	-6,220	-6,220	-6,220	-5,488	-3,810	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Warrants	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	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	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Begin Period Cash Flow	1,118,132	4,064,657	2,117,306	621,849	679,527	330,658	198,385	390,563	170,359	62,955	80,256	65,528	74,326	81,060	66,787	59,804	66,856	74,420	40,339	44,854	45,098	51,303	38,411	47,399	42,100	34,000	42,900	29,800	20,100	17,000
Capital Expenditures	17,531	13,568	25,448	18,116	11,581	10,009	3,760	10,977	12,576	5,709	5,634	9,065	12,023	5,061	6,884	9,764	15,653	6,344	2,954	2,816	2,071	1,726	1,896	2,359	2,600	2,400	4,600	3,700	700	2,300
Cash And Cash Equivalents Changes	0	0	1,947,351	1,495,457	0	348,869	132,273	-192,178	220,204	15,081	-17,301	14,728	-8,798	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	-603	232,654	0	562	2,691	8,904	-9,974	-18,294	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	49,172	-2,946,525	1,947,351	1,495,457	-57,678	348,869	132,273	-192,178	220,204	15,081	-17,301	14,728	-8,798	-6,734	14,273	6,983	-7,052	-7,564	34,081	-4,515	-244	-6,205	12,892	-8,988	5,300	26,000	-15,600	25,500	44,300	20,800
Change In Working Capital	41,712	-21,027	20,029	-142,353	29,305	-11,946	9,868	-3,950	21,752	5,855	227	-5,233	14,215	4,474	-19,268	1,485	-1,421	2,008	-1,779	235	-7	492	1,561	-1,022	1,300	1,700	-900	-1,200	-1,300	-500
Change Receivables	0	0	19,337	-23,892	0	-10,965	-3,728	-1,004	-4,251	-1,952	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-9,662	-20,125	19,337	-23,892	-15,392	-10,965	-3,728	-1,004	-4,251	-1,952	-1,395	1,102	457	0	851	3,688	-854	0	0	438	0	0	0	0	0	0	0	0	0	0
Change To Inventory	11,048	0	7,005	-12,062	-3,597	4,032	-473	-8,328	9,033	-7,221	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	5,830	-18,098	0	6,443	1,284	-7,882	8,706	-7,270	199	0	0	1,534	0	0	33	3,636	911	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	686,161	-435,731	310,373	-1,171,546	-245,396	-149,485	-155,780	-72,350	-25,775	13,619	17,804	25,073	0	0	0	0	2,423	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-6,079	-6,313	-106,399	47,786	-5,013	14,069	5,382	14,762	13,820	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	48,719	50,799	47,929	55,111	41,097	19,526	13,128	13,895	11,799	8,972	6,352	6,391	5,390	4,329	4,238	4,530	4,358	4,855	3,293	2,931	3,253	4,450	4,225	3,380	3,000	3,000	2,700	2,000	1,200	1,100
Dividends Paid	41,649	41,610	41,798	41,685	24,675	16,405	14,650	8,584	6,439	4,302	1,400	2,642	2,635	2,657	3,958	5,155	7,510	7,288	6,355	5,475	4,885	4,749	4,262	3,745	2,900	2,900	2,600	1,500	1,100	600
End Period Cash Flow	1,167,304	1,118,132	4,064,657	2,117,306	621,849	679,527	330,658	198,385	390,563	78,036	62,955	80,256	65,528	74,326	81,060	66,787	59,804	66,856	74,420	40,339	44,854	45,098	51,303	38,411	47,400	60,000	27,300	55,300	64,400	37,800
Exchange Rate Changes	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
Free Cash Flow	457,364	1,048,905	-16,308	780,280	-951,792	-118,812	-66,322	-80,744	-37,799	-11,305	28,003	23,174	34,143	39,949	17,064	15,837	7,372	29,230	18,745	17,849	16,448	20,721	15,364	11,182	12,900	12,100	4,900	6,700	4,300	2,800
Investments	-1,690,910	-4,874,530	266,369	542,391	-487,087	35,803	128,371	7,617	-708,266	128,584	-93,645	25,725	161,595	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	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
Net Borrowings	0	1,129,579	-302,121	-987,659	1,073,129	-324,512	-264,729	394,786	-49,606	-153,731	9,125	-17,878	-75,014	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	269,105	346,540	376,913	261,988	161,441	121,027	73,548	72,100	40,847	38,723	20,018	14,435	21,093	-3,989	-41,789	-3,916	15,153	22,128	13,728	13,101	12,010	10,355	9,633	10,098	9,000	6,900	7,400	6,700	4,300	3,100
Other Cashflows From Financing Activities	1,245,766	3,744,139	2,706,757	10,129,113	5,554,054	2,373,711	2,868,176	921,283	345,450	166,682	88,161	-374,849	-286,339	-252,808	-2,739	541,887	262,374	378,745	156,011	62,568	5,429	11,205	128,530	147,121	345,800	38,000	30,800	29,700	45,400	26,100
Other Cashflows From Investing Activities	0	-49,899	-148,691	-1,725,001	-99,811	-79,108	-791,518	-799,505	552,982	1,213	139,437	397,889	128,933	78,237	83,964	13,181	3,067	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	125,877	715,132	-482,090	627,769	-1,198,299	-245,025	-174,852	-154,920	-100,762	-67,719	2,456	13,077	-3,367	41,260	69,586	28,074	5,362	6,417	6,065	4,205	3,412	8,538	3,833	1,719	2,200	4,100	700	3,300	1,000	1,400
Sale Purchase Of Stock	-20,346	-22,421	-9,439	-7,995	-18,410	-2,062	-886	-1,225	-732	-28,474	-116	-24,235	28	-19	-25	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	9,950	6,706	7,948	3,810	3,424	6,241	3,316	2,261	1,485	2,057	1,041	1,044	785	724	701	78	1,095	415	427	-50	8	-1,323	-1,266	0	100	0	0	0	0	0
Total Cash From Financing Activities	-181,593	865,532	2,359,195	1,897,787	1,369,620	510,986	861,742	680,454	413,287	-123,154	-91,096	-432,060	-333,469	-172,214	-190,157	297,632	53,364	239,368	134,312	37,414	-34,201	3,548	84,753	22,776	58,200	26,000	-15,600	25,500	44,300	20,800
Total Cash From Operating Activities	474,895	1,062,473	9,140	798,396	-940,211	-108,803	-62,562	-69,767	-25,223	-5,596	33,637	32,239	46,166	45,010	23,948	25,601	23,025	35,574	21,699	20,665	18,519	22,447	17,260	13,541	15,500	14,500	9,500	10,400	5,000	5,100
Total Cashflows From Investing Activities	0	-4,874,530	-420,984	-1,200,726	-487,087	-53,314	-666,907	-802,865	-167,860	143,831	40,158	414,549	278,505	120,470	180,482	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	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	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Begin Period Cash Flow	1,545,773	1,319,130	2,020,853	1,118,132	1,331,168	2,306,836	3,798,460	4,064,657	3,752,440	3,304,524	2,759,128	2,117,306	751,791	721,459	652,156	621,849	479,689	338,155	857,000	679,527	629,257	424,709	334,875	330,658	243,915	277,311	359,209	198,385	214,071	184,528	254,236	390,563	114,396	115,413	80,142	78,036	69,421	80,986	71,387	62,955	53,516	50,343	50,487	80,256	57,289	60,126	64,963	65,528	55,761	68,552	88,386	74,326	43,814	54,444	68,851	81,060	43,761	46,773	54,758	66,787	43,549	47,720	63,401	63,401	59,804	58,281	49,640	66,856	54,093	63,894	67,570	74,420	47,548	58,018	94,429	97,670	69,219	46,417	75,780	80,480	53,073	75,309	99,874	123,077	124,465	65,468	103,190	157,475	80,925	50,974	40,891	43,363	28,823	31,122	38,684	80,130	46,200	40,800	26,800	56,500	0	0	47,000	36,300	0	11,300	33,000	40,900	15,400	11,000	12,800	24,400	12,000	5,400	21,000	20,500
Capital Expenditures	5,851	3,799	4,623	3,258	2,261	3,115	4,642	3,550	3,458	4,794	3,387	13,809	3,952	4,897	5,695	3,572	5,657	1,314	3,060	1,550	2,674	4,269	1,933	1,133	744	643	1,154	1,219	2,727	1,372	3,184	3,694	1,519	4,462	3,596	2,999	1,930	1,556	1,759	464	1,498	2,019	647	1,470	2,423	1,898	3,669	1,075	2,450	7,114	1,422	1,037	2,669	392	1,648	352	950	1,156	3,225	1,553	10,154	10,753	5,678	5,678	1,636	5,319	5,921	1,416	1,555	2,429	2,360	2,447	851	683	832	588	546	627	863	780	923	447	328	373	167	199	474	886	719	860	257	355	264	384	923	788	900	300	800	600	300	1,200	300	600	1,200	1,100	1,300	1,000	2,300	700	200	500	200	100	200	200
Cash And Cash Equivalents Changes	0	0	-701,723	902,721	0	-975,668	-1,491,624	-266,197	312,217	447,916	545,396	641,822	1,365,515	30,332	69,303	30,307	0	141,534	-518,845	177,473	50,270	204,548	89,834	4,217	86,743	-33,396	-81,898	160,824	-15,686	29,543	-69,708	-136,327	183,844	-1,017	35,271	2,106	8,615	-11,565	9,599	8,432	9,439	3,173	-144	-29,769	22,967	-2,837	-4,837	-565	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
Cash Flows Other Operating	0	0	55,067	50,299	0	19,162	17,490	12,583	11,556	13,958	5,781	-31,898	33,811	8,585	108,977	81,281	0	5,257	1,978	928	812	-2,150	215	1,685	1,317	324	252	798	1,403	9,331	-585	-1,245	-4,940	-22,512	5,189	12,289	-1,967	-4,332	-14,484	2,489	0	3,497	469	11,571	0	2,073	9,962	4,201	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
Change In Cash	-378,469	226,643	-701,723	902,721	-213,036	-975,668	-1,491,624	-266,197	312,217	447,916	545,396	641,822	1,365,515	30,332	69,303	30,307	142,160	141,534	-518,845	177,473	50,270	204,548	89,834	4,217	86,743	-33,396	-81,898	160,824	-15,686	29,543	-69,708	-136,327	276,167	-1,017	35,271	2,106	8,615	-11,565	9,599	8,432	9,439	3,173	-144	-29,769	22,967	-2,837	-4,837	-565	9,767	-12,791	-19,834	14,060	30,512	-10,630	-14,407	-12,209	37,299	-3,012	-7,985	-12,029	23,238	-4,171	-15,681	-15,681	3,597	1,523	688	-17,216	12,763	-9,801	-3,676	-6,850	26,872	-10,470	-36,411	-3,241	-28,880	22,802	-29,363	-4,700	-8,219	-22,236	-24,565	-23,203	-79,367	58,997	-37,722	-54,285	-29,622	29,951	10,083	-2,472	9,588	-2,299	-7,562	-41,446	1,200	5,400	14,000	-19,200	21,400	-2,300	-3,800	10,700	-15,800	-3,200	11,300	-7,900	10,700	15,400	11,000	-11,600	26,400	12,000	5,400	500
Change In Working Capital	28,555	18,591	-25,007	19,576	-16,305	23,574	-9,641	-18,655	22,413	13,057	-1,030	-14,411	-24,950	-62,250	-11,921	-43,232	23,164	-277	108	6,310	-2,190	-13,441	7,937	-4,252	-3,849	-6,125	-9,110	28,952	-22,742	3,200	15,090	502	393	10,506	7,129	3,724	3,143	-4,253	4,476	2,489	-15,310	3,497	469	11,571	-4,011	-15,385	13,262	901	7,993	21,881	-15,472	-187	-10,898	19,707	-2,179	-2,156	-17,650	-3,508	868	1,022	-2,102,762	63,318	49,299	59,202	-54,512	-3,739	1,875,969	-2,216	-71,237	-163,801	-46,676	-44,850	-273,128	-74,470	-78,411	63,090	-40,730	-23,977	10,971	-42,778	16,801	18,978	20,975	-25,998	16,974	-1,111,395	4,161	-1,393	86,751	0	900	-190	799,662	-237	0	4,284	762,400	-13,800	-16,400	-44,400	-3,400	4,200	9,000	-679,500	-8,600	-37,000	-9,000	3,400	3,600	-1,000	-3,300	-500	-163,000	-13,000	-5,000	0
Change Receivables	0	0	0	0	0	0	0	0	19,337	0	0	0	-23,892	0	0	0	0	0	0	0	-10,965	0	0	0	-3,728	0	0	0	-1,004	0	0	0	-4,251	0	0	0	-1,952	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	0	0	0	0
Change To Account Receivables	0	0	0	0	-20,125	0	0	0	0	0	0	0	6,001	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	1,102	0	0	0	457	0	0	0	0	0	0	0	851	0	0	0	3,688	0	0	-854	-854	0	0	0	0	0	0	0	0	0	0	0	438	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
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	23,406	0	0	0	0	0	0	0	9,601	0	0	0	200	0	0	0	15,585	0	0	0	6,454	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
Change To Liabilities	0	0	0	0	0	0	0	0	5,830	0	0	0	-18,098	0	0	0	0	0	0	0	6,443	0	0	0	1,284	0	0	1,284	-7,882	-7,882	-7,882	0	8,706	0	0	0	-7,270	0	0	0	199	0	0	0	0	0	0	0	0	0	0	0	1,534	0	0	0	0	0	0	0	0	0	0	0	33	0	0	0	3,636	0	0	0	911	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
Change To Netincome	0	0	-34,688	11,627	-79,405	227,877	236,107	256,408	586,969	-268,989	266,198	-565,879	324,822	272,774	-478,062	190,839	-450,223	-652,324	-77,473	13,089	-61,398	-82,854	-118,088	16,944	21,878	-51,047	-108,241	-12,075	-21,733	-74,623	-52,211	-1,336	-23,611	-20,993	-30,567	2,821	-1,548	-30,970	-12,260	19,003	19,045	-1,927	-15,954	12,455	19,441	1,325	245	-3,207	11,077	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,423	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
Change To Operating Activities	0	0	-25,007	-25,007	-1,357	23,574	-9,641	-18,655	2,384	13,057	-1,030	-14,411	11,004	-62,250	-11,921	-43,232	42,153	-277	108	6,310	4,743	-13,441	7,937	-4,252	14,069	-6,125	-9,110	28,606	5,382	-2,541	11,616	0	14,762	0	0	0	13,820	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	0	0	0	0
Depreciation	12,200	12,044	12,249	12,226	13,173	12,360	12,628	12,638	11,098	14,548	11,098	11,185	15,438	13,919	12,807	12,947	12,903	13,620	7,272	7,302	6,305	5,489	4,524	3,208	3,220	3,210	3,321	3,377	3,522	3,403	3,227	3,743	2,714	3,875	2,642	2,568	1,454	2,839	2,276	2,403	1,601	1,561	1,580	1,610	1,810	1,618	1,600	1,363	1,360	1,357	1,273	1,400	1,070	1,060	1,034	1,165	1,142	995	1,090	1,011	2,130	245	1,121	1,121	1,034	1,086	1,112	1,093	2,165	908	944	838	1,160	750	682	701	1,001	657	661	612	1,148	674	697	734	1,428	1,053	964	1,005	1,555	1,272	600	798	1,561	398	702	719	900	700	600	800	800	1,200	300	700	1,000	900	500	300	200	1,100	400	300	400	700	-200	300
Dividends Paid	10,341	10,337	10,387	10,584	10,383	10,384	10,398	10,445	10,444	10,466	10,456	10,432	10,423	10,421	10,415	10,426	10,438	4,726	4,760	4,751	4,750	4,097	3,832	3,726	3,723	3,722	3,713	3,492	3,488	1,612	1,742	1,742	1,610	1,609	1,610	1,610	1,338	1,340	1,338	286	350	350	350	350	663	665	657	657	664	666	655	650	663	686	658	650	682	664	1,344	1,268	679	678	1,900	1,900	1,898	1,825	1,928	1,916	1,824	1,831	1,820	1,813	1,661	1,661	1,661	1,372	1,368	1,370	1,367	1,370	1,180	1,370	1,155	1,180	1,199	1,183	1,182	1,185	1,002	1,200	1,051	1,009	872	1,003	1,009	861	700	800	700	700	700	700	800	700	700	700	700	500	300	500	400	300	300	300	300	200
End Period Cash Flow	1,167,304	1,545,773	1,319,130	2,020,853	1,118,132	1,331,168	2,306,836	3,798,460	4,064,657	3,752,440	3,304,524	2,759,128	2,117,306	751,791	721,459	652,156	621,849	479,689	338,155	857,000	679,527	629,257	424,709	334,875	330,658	243,915	277,311	359,209	198,385	214,071	184,528	254,236	390,563	114,396	115,413	80,142	78,036	69,421	80,986	71,387	62,955	53,516	50,343	50,487	80,256	57,289	60,126	64,963	65,528	55,761	68,552	88,386	74,326	43,814	54,444	68,851	81,060	43,761	46,773	54,758	66,787	43,549	47,720	47,720	63,401	59,804	50,328	49,640	66,856	54,093	63,894	67,570	74,420	47,548	58,018	94,429	40,339	69,219	46,417	75,780	44,854	53,073	75,309	99,874	45,098	124,465	65,468	103,190	51,303	80,925	50,974	40,891	38,411	28,823	31,122	38,684	47,400	46,200	40,800	37,300	21,400	-2,300	-3,800	47,000	-15,800	-3,200	11,300	33,000	10,700	15,400	11,000	12,800	26,400	12,000	5,400	21,000
Exchange Rate Changes	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	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
Free Cash Flow	116,164	128,105	87,840	128,443	-2,577	345,806	348,803	356,873	263,235	-170,120	368,995	-478,418	415,082	400,717	-332,936	297,417	-358,565	-617,493	-33,861	58,127	-17,941	-42,340	-105,895	47,364	32,377	-27,998	-82,735	12,034	-10,244	-47,581	-32,704	9,785	-8,753	-5,187	-33,148	9,289	-2,633	-22,356	-18,097	31,781	-1,363	7,789	-7,874	29,451	873	2,021	13,633	6,647	8,078	18,667	-819	8,217	-11,629	31,993	11,069	8,516	-630	4,425	5,356	7,913	6,590	4,979	6,202	6,202	516	3,164	-6,191	2,104	11,619	9,155	2,682	5,687	7,549	3,802	1,935	5,459	9,260	8,976	-5,317	4,930	5,216	3,105	4,046	4,081	4,171	7,632	7,118	1,800	1,353	6,516	4,413	3,044	4,678	-919	425	6,998	600	2,800	1,800	7,700	-600	6,100	-2,000	8,600	-8,100	9,600	-1,600	5,000	5,400	2,200	-1,500	600	2,300	1,700	0	300
Investments	4,122	285,271	46,140	-16,097	-1,348,594	-280,739	-543,454	13,425	-218,130	54,345	50,485	270,103	217,410	145,590	117,849	61,542	92,943	146,527	-34,267	-38,631	77,628	-11,905	35,099	-65,019	136,004	-5,237	8,272	-10,668	44,986	-22,154	39,768	-54,983	-265,113	-484,446	7,459	33,834	-52,158	4,635	35,058	141,049	-139,282	-51,311	-25,243	122,191	-103,184	-8,476	112,854	24,531	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
Issuance Of Capital Stock	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	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
Net Borrowings	0	0	-863,387	524,964	1,149,963	299,011	-1,148	-318,247	7,249	-1,078	-3,814	-2,357	-447,666	-546,915	-127,364	134,286	50,381	627,004	412,207	-16,463	-499,028	-202,269	79,205	297,580	-541,569	124,705	131,820	20,315	129,737	118,802	143,091	3,156	53,667	-23,560	-26,893	-52,820	-27,569	28,215	14,202	-168,579	33,990	6,113	-3,777	-27,201	32,717	-6,206	-8,990	-35,399	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
Net Income	65,934	80,115	62,635	60,421	82,221	92,555	90,066	81,698	81,944	81,680	88,327	124,962	94,285	116,145	32,236	19,322	61,248	21,384	38,904	39,905	43,536	41,444	9,387	26,660	9,150	20,158	23,087	21,153	18,177	21,557	20,049	12,317	14,148	15,627	1,308	9,764	10,580	11,663	8,130	8,350	1,378	6,677	6,678	5,285	4,672	1,903	2,495	5,365	1,141	16,460	2,114	1,378	1,863	-899	-3,419	-1,534	-38,332	-127	-2,694	-636	-10,396	365	3,149	3,149	2,966	1,184	5,373	5,024	5,759	5,954	5,315	5,100	2,723	3,905	3,500	3,600	3,788	3,085	3,042	3,186	3,587	2,844	2,810	2,769	2,730	2,570	2,883	2,172	2,538	2,607	2,190	2,298	2,917	2,338	2,438	2,405	2,600	2,100	2,200	2,100	3,500	1,500	1,700	200	2,000	1,800	1,900	1,700	1,900	2,200	1,400	1,200	1,100	1,100	1,100	1,000
Other Cashflows From Financing Activities	118,164	3,358,411	4,515,670	7,090,193	3,596,294	130,984	96,308	-79,447	832,400	574,738	379,557	918,731	1,047,668	2,778,641	3,720,033	2,582,771	2,639,494	2,583,526	195,543	135,491	469,548	801,814	833,584	218,754	897,580	662,925	734,481	573,190	576,310	299,423	92,180	-46,630	361,521	-5,066	-43,025	32,020	100,536	25,365	32,874	7,907	293,858	6,598	-50,420	-161,875	53,028	-126,320	-129,677	-196,115	-12,813	-198,415	-64,457	-10,654	-110,850	14,562	-3,845	-69,424	16,145	-74,933	-54,148	6,044	155,905	65,402	79,986	79,986	17,494	10,755	14,411	-8,219	116,298	151,546	44,311	44,329	44,367	62,229	42,885	6,315	31,294	23,549	-7,844	-4,110	59,925	-4,059	-15,001	-6,318	27,481	32,956	-11,729	-37,933	85,878	53,027	19,478	9,881	115,430	9,503	29,229	25,558	319,500	28,000	14,800	-16,500	29,800	-1,600	-3,000	11,400	-15,100	-2,500	12,000	-7,400	12,600	15,900	11,400	-11,300	26,700	12,300	5,700	700
Other Cashflows From Investing Activities	0	0	-499,609	-150,140	0	-1,111,160	-1,377,799	-214,902	98,691	6,107	-100,000	-56,670	295,821	-432,892	-1,325,128	-262,802	-104,297	-47,212	-629,096	28,573	31,126	47,491	-65,570	-92,155	-267,444	-223,313	-288,217	-12,544	-445,743	-145,013	-166,580	-42,169	97,799	454,966	44	173	-30,700	14,493	-3,827	21,247	34,317	40,447	83,749	-19,076	72,913	134,413	-990	191,553	89,747	57,404	37,621	9,306	78,237	32,592	25,044	4,253	83,964	8,632	5,060	934	13,181	11,266	10,333	6,457	3,067	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
Other Non Cash Items	19,877	21,043	48,054	40,088	-67,274	250,822	254,776	276,808	142,837	-282,627	258,717	-601,017	312,436	332,900	-336,293	318,726	-461,934	-659,964	-78,446	2,045	-64,077	-75,316	-124,640	19,008	10,311	-46,339	-98,502	-40,322	724	-59,882	-52,206	9,601	-14,717	-18,539	-29,435	200	-10,007	-35,846	-31,437	18,208	12,466	-1,927	-15,954	12,258	825	15,783	-55	93	-134	-13,917	12,688	6,663	-7,901	12,517	17,281	11,393	55,160	8,221	9,317	8,069	14,856	4,369	7,610	7,610	-1,848	8,796	-6,755	-2,597	5,250	4,722	-3,577	2,196	4,517	-170	-1,415	1,746	5,017	5,861	-8,157	1,912	1,404	34	867	951	180	4,208	3,745	-491	-2,021	3,497	723	493	464	-3,271	-1,792	378	-2,000	300	-200	5,400	-1,200	400	-3,700	8,300	-1,300	8,000	-2,700	600	2,000	600	200	100	1,000	0	-700	-800
Sale Purchase Of Stock	-3,269	-29	-7,990	-9,058	-475	-139	-5,048	-17,234	-1,331	-6,652	1,209	-1,456	-7	-15	-17	-7,956	-6,849	3,533	-10,563	-998	-1,148	-1,077	-25	-960	88,656	88,656	116	-1,002	0	-14	-623	-588	0	-1	-80	-651	-42	39	-166	-28,266	0	167	-6	-110	-24,236	-2,669	1	2	0	0	0	0	0	0	0	0	0	-1	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
Stock Based Compensation	2,535	2,986	2,232	2,197	1,847	1,814	1,546	1,499	2,064	2,430	1,701	1,753	1,102	1,008	1,141	559	974	936	362	1,152	808	1,282	2,710	1,441	897	922	824	673	675	577	517	492	345	380	380	380	827	218	217	795	0	0	0	197	0	0	0	0	0	0	0	0	13,527	0	0	0	0	0	0	0	0	0	0	0	0	1,095	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
Total Cash From Financing Activities	-595,482	-190,532	-336,094	940,515	1,135,874	70,425	80,826	-421,593	525,741	557,584	369,063	906,807	437,202	-83,083	1,609,518	-65,850	402,125	659,712	178,379	129,404	-40,543	211,302	226,200	114,027	185,806	223,152	280,782	172,002	395,315	244,291	89,808	-48,960	359,911	-6,676	-49,566	109,618	29,128	10,998	22,365	-185,645	115,767	6,248	-50,776	-162,335	52,365	-130,795	-130,334	-223,296	-14,477	-199,081	-65,112	-54,799	-111,513	13,876	-4,503	-70,074	1,157	-75,598	-55,492	-60,224	155,226	64,724	78,086	78,086	-404	9,106	12,483	-10,135	10,573	149,715	42,491	36,589	42,706	60,568	41,163	-10,125	29,926	22,179	-9,211	-5,480	28,206	-19,988	-21,589	-20,830	26,282	31,773	-14,085	-40,422	48,180	31,960	5,627	-1,014	5,592	8,500	28,220	-19,536	36,200	27,200	14,000	-19,200	21,400	-2,300	-3,800	10,700	-15,800	-3,200	11,300	-7,900	10,700	15,400	11,000	-11,600	26,400	12,000	5,400	500
Total Cash From Operating Activities	122,015	131,904	92,463	131,701	-316	348,921	353,445	360,423	266,693	-165,326	372,382	-464,609	419,034	405,614	-327,241	300,989	-352,908	-616,179	-30,801	59,677	-15,267	-38,071	-103,962	48,497	33,121	-27,355	-81,581	13,253	-7,517	-46,209	-29,520	13,479	-7,234	-725	-29,552	12,288	-703	-20,800	-16,338	32,245	135	9,808	-7,227	30,921	3,296	3,919	17,302	7,722	10,528	25,781	603	9,254	-8,960	32,385	12,717	8,868	320	5,581	8,581	9,466	6,590	4,979	11,880	11,880	2,152	8,483	-270	3,520	13,174	11,584	2,682	8,134	8,400	4,485	2,767	6,047	9,806	9,603	-4,454	5,710	6,139	3,552	4,374	4,454	4,338	7,831	7,592	2,686	2,072	7,376	4,413	3,399	4,942	-535	1,348	7,786	1,500	3,100	2,600	8,300	-300	7,300	-1,700	9,200	-6,900	10,700	-300	6,000	7,700	2,900	-1,300	1,100	2,500	1,800	200	500
Total Cashflows From Investing Activities	0	0	-458,092	-169,495	-1,348,594	-1,395,014	-1,925,895	-205,027	-59,233	55,658	-196,049	199,624	509,279	-292,199	-1,212,974	-204,832	92,943	98,001	-666,423	-11,608	106,080	31,317	-32,404	-158,307	-132,184	-229,193	-281,099	-24,431	-403,484	-168,539	-129,996	-100,846	-168,833	6,384	114,389	-119,800	-19,810	-1,763	3,572	161,832	-106,463	-12,883	57,859	101,645	-32,694	124,039	108,195	215,009	278,505	264,789	104,280	59,605	120,470	0	26,375	48,997	180,482	144,660	77,655	38,729	0	0	0	1,849	0	0	0	0	0	0	0	0	0	0	0	837	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

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Cost Of Revenue	-76,975	0	0	0	0	86,601	42,586	23,785	20,120	20,328	-15,486	-22,416	60,276	80,315	38,565	91,373	82,320	56,987	28,585	21,161	25,990	33,718	39,470	32,517	0	0	0	0	0	0
Depreciation And Amortization	48,719	19,744	14,965	19,612	17,713	9,512	3,932	4,376	3,741	2,330	1,414	1,360	1,002	988	644	4,530	4,358	4,855	3,293	2,931	3,253	4,450	4,225	3,380	3,000	3,000	2,700	2,000	1,200	1,100
Discontinued Operations	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
Ebit	-30,475	545,958	496,112	340,244	211,584	231,438	167,700	134,459	79,658	77,527	44,378	41,825	63,584	25,951	9,652	50,374	93,452	87,407	47,811	39,097	40,009	43,576	49,229	45,246	37,700	36,000	36,500	30,600	16,900	12,100
Ebitda	18,244	565,702	511,077	359,856	229,297	240,950	171,632	138,835	83,399	79,857	45,792	43,185	64,586	26,939	10,296	54,904	97,810	92,262	51,104	42,028	43,262	48,026	53,454	48,626	40,700	39,000	39,200	32,600	18,100	13,200
Effect Of Accounting Charges	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
Extraordinary Items	0	0	0	0	0	0	-13,625	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	1,523,263	1,085,421	1,017,333	1,079,147	699,197	457,788	361,089	319,000	243,416	199,216	162,734	152,242	139,464	109,874	93,810	91,814	92,670	89,223	66,135	58,013	57,056	61,919	52,911	46,386	43,400	43,200	40,400	32,900	19,300	16,500
Income Before Tax	356,935	453,098	496,112	340,244	211,584	151,490	124,282	105,246	56,744	56,205	29,303	21,721	31,649	-7,184	-34,493	-5,969	22,453	33,257	20,877	19,722	17,964	15,432	14,325	14,441	13,300	9,600	10,500	9,400	6,200	4,300
Income Tax Expense	87,830	106,558	119,199	78,256	50,143	30,463	50,734	33,146	15,897	17,482	9,285	7,285	10,556	-3,195	7,296	-2,053	7,300	11,129	7,149	6,621	5,954	5,077	4,692	4,343	4,300	2,700	3,100	2,700	1,900	1,200
Interest Expense	89,374	92,860	47,785	88,750	131,228	69,934	34,222	19,694	14,856	14,680	10,137	15,074	27,547	29,794	40,550	56,343	70,999	54,150	26,934	19,375	22,045	28,144	34,904	30,805	24,400	26,400	26,000	21,200	10,700	7,800
Interest Income	1,221,863	893,886	703,112	726,503	636,394	413,326	294,347	239,065	190,393	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	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
Net Income	269,105	346,540	376,913	261,988	161,441	121,027	73,548	72,100	40,847	38,723	20,018	14,436	21,093	-3,989	-41,789	-3,916	15,153	22,128	13,728	13,101	12,010	10,355	9,633	10,098	9,000	6,900	7,400	6,700	4,300	3,100
Net Income Applicable To Common Shares	0	346,540	376,913	261,988	161,441	121,027	73,548	72,100	40,847	38,437	18,280	10,858	17,852	0	0	0	15,153	22,127	13,728	13,101	12,010	10,355	9,633	10,098	0	0	0	0	0	0
Net Income From Continuing Ops	285,392	346,540	376,913	418,500	161,441	121,027	175,016	72,100	40,847	38,723	20,018	29,005	21,093	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	853,080	801,026	655,327	637,753	505,166	343,392	260,125	219,371	175,537	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	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
Non Recurring	0	0	0	0	0	0	16,270	16,261	11,428	7,032	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	-30,475	545,958	496,112	340,244	211,584	221,424	167,700	134,459	79,658	77,527	44,378	41,825	63,584	25,951	9,652	50,374	93,452	87,407	47,811	39,097	40,009	43,576	49,229	45,246	37,700	36,000	36,500	30,600	16,900	12,100
Other Items	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
Other Operating Expenses	1,156,036	539,463	521,221	738,903	487,613	236,364	193,389	184,541	163,758	121,689	15,486	22,416	51,365	47,022	40,466	41,440	782	1,816	18,324	18,916	17,047	18,343	3,682	1,140	5,700	7,200	3,900	2,300	2,400	4,400
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	286	1,738	3,577	3,241	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	49,692	19,744	14,965	55,111	41,097	19,526	13,128	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	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
Selling And Marketing Expenses	11,856	12,481	8,434	8,046	7,927	5,571	5,131	4,181	3,312	2,869	1,620	1,622	722	566	1,650	3,083	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	347,050	319,719	337,776	360,278	223,938	149,293	120,016	106,837	94,003	73,878	56,670	55,347	77,510	61,107	38,817	31,700	29,844	27,043	22,483	20,893	19,599	21,155	18,166	16,420	14,900	14,000	13,700	10,700	6,200	5,700
Tax Provision	85,691	106,558	119,199	78,256	50,143	30,463	50,734	33,146	15,897	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	208,935	-539,463	-521,221	-738,903	-487,613	-236,364	-193,389	-184,541	-163,758	-121,689	-118,356	-110,417	51,365	47,022	1,901	-41,440	782	-1,816	-18,324	-18,916	-17,047	-18,343	-3,682	-1,140	-5,700	-7,200	-3,900	-2,300	-2,400	-4,400
Total Other Income Expense Net	356,935	-92,860	496,112	340,244	211,584	-69,934	-43,418	-29,213	-22,914	-21,322	-15,075	-20,104	-31,935	-33,135	-44,145	-56,343	-70,999	-54,150	-26,934	-19,375	-22,045	-28,144	-34,904	-30,805	-24,400	-26,400	-26,000	-21,200	-10,700	-7,800
Total Revenue	1,446,288	1,085,421	1,017,333	1,079,147	699,197	457,788	361,089	319,000	243,416	199,216	147,248	129,826	139,464	109,874	132,375	91,814	92,670	89,223	66,135	58,013	57,056	61,919	52,911	46,386	43,400	43,200	40,400	32,900	19,300	16,500

	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	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31
Cost Of Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	26,856	24,176	23,057	12,512	12,577	11,254	10,459	8,296	7,387	5,954	5,640	4,804	4,536	4,782	6,197	4,605	4,782	5,723	-2,840	7,084	-5,322	-2,971	-2,349	8,958	-2,548	9,953	11,351	16,971	14,474	14,538	16,291	5,760	19,209	16,912	-1	18,348	24,598	17,508	19,951	20,561	34,476	4,213	16,913	4,268	4,133	21,333	4,245	4,712	17,238	4,348	4,476	3,899	8,319	3,075	6,779	5,587	5,085	5,778	5,285	5,013	5,807	6,321	7,091	6,867	8,392	9,073	7,667	8,586	11,134	10,551	9,047	8,738	9,111	8,881	7,572	6,953	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Depreciation And Amortization	4,425	4,425	4,688	4,706	4,709	4,710	5,144	5,181	3,387	3,387	4,065	4,126	4,190	4,190	5,601	5,631	5,741	5,719	3,121	3,132	3,650	2,676	2,252	934	942	941	1,013	1,036	1,044	993	1,319	1,020	1,160	1,321	630	630	662	698	437	533	346	346	358	364	364	364	412	220	1,360	277	242	263	1,070	254	239	271	1,142	146	147	1,011	2,130	245	1,121	1,121	1,034	1,086	1,112	1,093	2,165	908	944	838	1,160	750	682	701	1,001	657	661	612	1,148	674	697	734	1,428	1,053	964	1,005	1,555	1,272	600	798	1,561	398	702	719	900	700	600	800	800	1,200	300	700	1,000	900	500	300	200	1,100	400	300	400	700	-200	300	-	-	-	-
Discontinued Operations	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	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	-	-	-	-
Ebit	0	105,027	82,970	162,616	154,039	142,396	136,773	127,691	119,006	133,248	134,121	182,775	152,568	177,307	69,255	65,363	128,094	74,569	82,496	81,037	76,403	79,655	28,029	47,351	43,532	40,036	43,964	40,168	33,319	39,474	36,379	25,287	22,981	29,345	7,347	19,985	19,433	22,980	17,582	17,532	5,419	13,583	13,704	11,672	11,656	7,386	9,222	13,561	7,183	32,775	11,217	11,269	9,766	6,322	2,950	6,069	-20,878	9,734	7,520	11,474	-1,367	13,770	17,880	17,880	20,091	18,792	25,769	24,983	25,122	23,682	20,163	18,440	12,644	13,053	11,263	10,851	10,976	9,480	9,194	9,447	10,361	9,448	10,001	10,199	10,841	10,672	11,207	10,856	12,836	13,205	11,554	11,634	12,171	12,034	10,924	10,117	10,100	9,400	9,100	9,100	10,800	9,100	9,100	6,900	9,100	8,900	9,100	8,500	9,600	7,900	5,000	4,800	4,400	4,500	4,100	3,900	-	-	1,000	-
Ebitda	4,425	109,452	87,658	167,322	158,748	147,106	141,917	132,872	122,393	136,635	138,186	186,901	156,758	181,497	74,856	70,994	133,835	80,288	85,617	84,169	80,053	82,331	30,281	48,285	44,474	40,977	44,977	41,204	34,363	40,467	37,698	26,307	24,141	30,666	7,977	20,615	20,095	23,678	18,019	18,065	5,765	13,929	14,062	12,036	12,020	7,750	9,634	13,781	8,543	33,052	11,459	11,532	10,836	6,576	3,189	6,340	-19,736	9,880	7,667	12,485	763	14,015	19,001	19,001	21,125	19,878	26,881	26,076	27,287	24,590	21,107	19,278	13,804	13,803	11,945	11,552	11,977	10,137	9,855	10,059	11,509	10,122	10,698	10,933	12,269	11,725	12,171	11,861	14,391	14,477	12,154	12,432	13,732	12,432	11,626	10,836	11,000	10,100	9,700	9,900	11,600	10,300	9,400	7,600	10,100	9,800	9,600	8,800	9,800	9,000	5,400	5,100	4,800	5,200	3,900	4,200	1,000	1,000	2,900	500
Effect Of Accounting Charges	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	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	-	-	-	-
Extraordinary Items	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	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	-	-	-	-
Gross Profit	388,462	272,292	276,041	267,267	272,113	278,179	9,920	8,919	246,614	237,846	250,470	282,403	274,443	320,754	283,824	200,126	209,366	224,668	135,908	129,255	128,850	127,961	106,261	94,716	92,472	92,507	90,747	85,363	80,468	84,405	81,204	72,923	68,802	71,294	50,074	53,246	52,078	53,847	48,243	37,964	35,246	38,637	38,511	25,896	38,915	38,069	37,756	17,983	39,686	34,657	34,721	24,640	28,837	27,010	28,699	25,298	24,878	23,333	23,135	22,464	20,327	19,603	24,369	20,101	19,169	23,082	18,728	18,232	24,579	18,801	16,733	16,387	17,321	13,891	16,121	15,727	15,050	14,585	14,083	14,295	14,752	14,269	14,046	14,008	14,778	17,059	15,428	14,654	15,075	13,877	12,232	11,726	11,740	11,486	11,556	11,604	11,200	10,800	10,900	10,600	12,200	10,500	10,400	10,200	10,600	10,000	9,500	9,300	10,800	8,600	5,500	5,000	5,000	4,900	4,800	4,700	-	-	3,900	-
Income Before Tax	90,386	105,027	82,970	78,552	104,534	121,075	118,085	109,404	107,478	110,702	115,189	162,743	125,993	150,182	40,845	23,224	82,207	27,076	50,968	51,333	50,553	54,761	11,810	34,366	31,213	28,300	33,402	31,367	25,164	31,921	29,720	18,441	17,444	22,995	1,794	14,511	14,747	16,785	12,400	12,273	1,466	9,939	10,007	7,891	7,230	2,719	3,908	7,863	1,728	24,709	3,010	2,202	1,961	-1,657	-5,083	-2,403	-29,008	-325	-3,984	-1,175	-15,953	835	4,687	4,687	4,462	666	8,257	7,992	8,597	8,955	8,014	7,691	4,353	5,871	5,237	5,416	5,861	4,580	4,536	4,745	5,480	4,212	4,185	4,087	4,066	3,823	4,314	3,229	3,771	3,935	3,230	3,389	3,820	3,456	3,623	3,542	3,600	3,200	3,300	3,200	4,400	2,300	2,500	300	2,400	2,200	2,900	2,600	2,200	2,300	1,900	1,800	1,500	1,600	1,500	1,500	-	-	1,000	-
Income Tax Expense	24,452	24,912	20,335	18,131	22,313	28,520	28,019	27,706	25,534	29,022	26,862	37,781	31,708	34,037	8,609	3,902	20,959	5,692	12,064	11,428	7,017	13,317	2,423	7,706	22,063	8,142	10,315	10,214	6,987	10,364	9,671	6,124	3,296	7,368	486	4,747	4,167	5,122	4,270	3,923	88	3,262	3,329	2,606	2,558	816	1,413	2,498	587	8,249	896	824	98	-760	-1,664	-869	9,324	-198	-1,290	-539	-5,557	469	1,538	1,538	1,496	-520	2,884	2,968	2,838	3,001	2,699	2,591	1,630	1,966	1,737	1,816	2,073	1,495	1,494	1,559	1,893	1,368	1,375	1,318	1,336	1,253	1,431	1,057	1,233	1,328	1,040	1,091	903	1,118	1,185	1,137	1,000	1,100	1,200	1,100	900	800	900	100	400	700	1,000	900	300	800	600	600	400	500	500	500	-1,000	-1,000	300	-500
Interest Expense	14,364	122,802	112,412	84,064	49,505	21,321	11,204	10,830	11,528	11,385	11,899	12,973	15,327	17,396	21,204	34,823	38,725	39,592	27,377	25,534	23,195	22,081	13,947	10,711	10,041	9,467	8,254	6,460	5,677	5,143	4,751	4,123	3,983	3,796	3,541	3,536	3,894	4,054	3,343	3,389	2,698	2,429	2,475	2,535	2,980	3,413	4,126	4,555	5,455	6,986	7,176	7,930	7,805	7,173	7,238	7,578	8,130	9,210	10,561	12,649	14,586	12,935	13,193	13,193	15,629	18,126	17,512	16,991	16,525	14,727	12,149	10,749	8,291	7,182	6,026	5,435	5,115	4,900	4,658	4,702	4,881	5,236	5,816	6,112	6,775	6,849	6,893	7,627	9,065	9,270	8,324	8,245	8,351	8,578	7,301	6,575	6,500	6,200	5,800	5,900	6,400	6,800	6,600	6,600	6,700	6,700	6,200	5,900	7,400	5,600	3,100	3,000	2,900	2,900	2,600	2,400	-	-	1,900	-
Interest Income	332,214	330,553	321,952	295,716	273,642	234,302	202,568	183,374	178,365	173,046	173,751	177,950	178,783	179,934	185,018	182,768	194,076	188,361	129,028	124,929	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Minority Interest	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	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	-	-	-	-
Net Income	65,934	80,115	62,635	60,421	82,221	92,555	90,066	81,698	81,944	81,680	88,327	124,962	94,285	116,145	32,236	19,322	61,248	21,384	38,904	39,905	43,536	41,444	9,387	26,660	9,150	20,158	23,087	21,153	18,177	21,557	20,049	12,317	14,148	15,627	1,308	9,764	10,580	11,663	8,130	8,350	1,378	6,677	6,678	5,285	4,672	1,903	2,495	5,365	1,141	16,460	2,114	1,378	1,863	-897	-3,419	-1,534	-38,332	-127	-2,694	-636	-10,396	366	3,149	3,149	2,966	1,186	5,373	5,024	5,759	5,954	5,315	5,100	2,723	3,905	3,500	3,600	3,788	3,085	3,042	3,186	3,587	2,844	2,810	2,769	2,730	2,570	2,883	2,172	2,538	2,607	2,190	2,298	2,917	2,338	2,438	2,405	2,600	2,100	2,100	2,100	3,500	1,500	1,600	200	2,000	1,500	1,900	1,700	1,900	1,500	1,300	1,200	1,100	1,100	1,000	1,000	1,000	1,000	700	500
Net Income Applicable To Common Shares	0	0	62,635	60,421	82,221	92,555	90,066	81,698	81,944	81,680	88,327	124,962	94,285	116,145	32,236	19,322	61,248	21,384	38,904	39,905	43,536	41,444	9,387	26,660	9,150	20,158	23,087	21,153	18,177	21,557	20,049	12,317	14,148	15,627	1,308	9,764	10,580	11,663	8,130	8,064	966	6,234	6,236	4,844	3,554	1,076	1,678	4,550	322	15,643	1,307	580	1,052	0	0	0	0	0	0	0	-366	366	3,149	2,966	1,186	3,570	5,373	5,024	5,758	5,954	5,315	5,100	2,723	3,905	3,500	3,600	3,788	3,085	3,042	3,186	3,587	2,844	2,810	2,769	2,730	2,570	2,883	2,172	2,538	2,607	2,190	2,298	2,917	2,338	2,438	2,405	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income From Continuing Ops	65,934	80,115	62,635	60,421	82,221	92,555	90,066	81,698	81,944	81,680	88,327	124,962	250,797	116,145	32,236	19,322	61,248	21,384	38,904	39,905	43,536	41,444	9,387	26,660	110,618	20,158	23,087	21,153	18,177	21,557	20,049	12,317	14,148	15,627	1,308	9,764	10,580	11,663	8,130	8,350	1,378	6,677	6,678	5,285	19,242	1,903	2,495	5,365	0	16,460	2,114	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	-	-	-	-
Net Interest Income	206,101	207,751	209,540	211,652	224,137	212,981	191,364	172,544	166,837	161,661	161,852	164,977	163,456	162,538	163,814	147,945	155,351	148,769	101,651	99,395	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Operating Income Net Other	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	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	-	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-835	835	12,618	5,570	-2,320	402	55,869	-49,510	9,902	0	11,428	0	0	0	7,032	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	0	0	0	0	-	-	-	-
Operating Income	0	105,027	82,970	162,616	154,039	142,396	136,773	127,691	119,006	133,248	134,121	182,775	152,568	177,307	69,255	65,363	128,094	74,569	82,496	81,037	76,403	79,655	28,029	47,351	43,532	40,036	43,964	40,168	33,319	39,474	36,379	25,287	22,981	29,345	7,347	19,985	-220,074	22,980	17,582	30,079	5,419	13,583	13,704	21,660	11,656	7,386	9,222	14,962	-137,237	32,775	11,217	26,214	9,766	6,322	2,950	6,069	-20,878	9,734	7,520	11,474	-1,367	13,770	9,150	17,880	20,091	18,792	25,769	24,983	-84,441	23,682	20,163	18,440	-66,092	13,053	11,263	10,851	-58,240	9,480	9,194	9,447	-57,023	9,448	10,001	10,199	-64,695	10,672	11,207	10,856	12,836	13,205	11,554	11,634	12,171	12,034	10,924	10,117	10,100	9,400	9,100	9,100	10,800	9,100	9,100	6,900	9,100	8,900	9,100	8,500	9,600	7,900	5,000	4,800	4,400	4,500	4,100	3,900	1,000	1,000	2,900	500
Other Items	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	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	-	-	-	-
Other Operating Expenses	298,076	167,265	193,071	3,532	118,074	3,553	3,122	118,772	127,608	2,676	1,946	1,431	121,875	966	1,455	2,358	81,272	1,949	1,987	1,741	52,447	1,453	1,256	1,229	48,940	1,247	1,259	1,106	47,149	1,249	854	805	45,821	667	833	641	67,906	594	2,122	7,794	56,415	2,537	2,022	9,213	48,448	421	364	17,320	37,459	189	149	5,923	35,509	167	142	19,229	34,050	13,599	15,615	10,990	21,694	4,213	8,402	4,268	4,133	22,112	4,245	4,712	19,797	4,348	4,476	3,899	17,278	3,075	4,858	4,876	15,277	5,105	4,889	4,848	14,700	4,821	4,045	3,809	17,554	6,387	4,221	3,798	2,239	672	678	92	431	548	632	1,487	1,100	1,400	1,800	1,500	1,400	1,400	1,300	3,300	1,500	1,100	400	800	1,200	700	500	200	600	400	700	800	1,000	1,000	1,000	500
Preferred Stock And Other Adjustments	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	286	412	443	442	441	1,118	827	817	815	0	817	807	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	-	-	-	-
Reconciled Depreciation	12,200	4,425	4,688	4,706	4,709	4,710	5,144	5,181	3,387	3,387	4,065	4,126	15,438	13,919	12,807	12,947	12,903	13,620	7,272	7,302	6,305	5,489	4,524	3,208	3,220	3,210	3,321	3,377	3,522	3,403	3,227	3,743	2,714	3,875	2,642	2,568	1,454	2,839	2,276	2,403	1,601	1,561	1,580	1,610	1,810	1,618	1,600	1,363	1,360	1,357	1,273	1,400	1,070	1,060	1,034	1,165	1,142	995	1,090	1,011	2,130	245	1,121	1,034	1,086	1,067	1,112	1,093	2,165	908	944	838	1,160	750	682	701	1,001	657	661	612	1,148	674	697	734	1,428	1,053	964	1,005	1,555	1,272	600	798	1,561	398	702	719	900	700	600	800	800	1,200	300	700	1,000	900	500	300	200	1,100	400	300	400	700	-200	300	-	-	-	-
Research Development	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	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	-	-	-	-
Selling And Marketing Expenses	2,974	2,723	2,627	3,532	3,818	3,553	3,122	1,988	2,381	2,676	1,946	1,431	3,267	966	1,455	2,358	2,250	1,949	1,987	1,741	1,633	1,453	1,256	1,229	1,519	1,247	1,259	1,106	1,273	1,249	854	805	1,171	667	833	641	847	594	718	710	604	434	327	255	488	421	364	349	221	189	149	163	6,159	167	143	159	6,149	301	439	574	3,083	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	-	-	-	-
Selling General Administrative	102,906	81,898	81,336	80,910	75,196	78,697	81,545	84,281	76,615	79,671	85,505	95,985	92,466	96,698	95,168	75,946	69,642	77,633	38,441	38,370	38,982	38,446	39,776	32,089	30,507	32,583	29,132	27,794	25,137	27,982	27,531	26,187	25,972	24,934	22,465	20,632	19,316	20,226	16,942	17,394	15,071	14,412	13,381	13,806	16,610	21,150	19,520	27,177	13,567	22,927	16,873	15,281	10,553	10,588	10,104	9,589	10,419	9,177	9,603	9,618	7,308	7,113	8,660	8,660	8,618	7,182	7,492	7,732	7,246	7,131	6,042	6,624	5,205	5,675	5,665	5,938	5,616	5,096	4,958	5,223	4,899	4,944	4,612	5,144	3,601	5,965	5,758	5,831	4,420	4,779	4,542	4,423	3,761	4,211	4,265	4,183	3,300	3,900	3,900	4,000	2,300	4,000	3,800	4,000	2,900	3,800	3,300	3,400	3,400	3,000	1,800	1,700	1,500	1,600	1,600	1,500	-	-	1,500	-
Tax Provision	24,452	24,912	20,335	18,131	22,313	28,520	28,019	27,706	25,534	29,022	26,862	37,781	31,708	34,037	8,609	3,902	20,959	5,692	12,064	11,428	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Operating Expenses	59,848	-167,265	-193,071	3,532	-118,074	3,553	3,122	118,772	-127,608	2,676	1,946	1,431	-121,875	966	1,455	2,358	-81,272	1,949	1,987	1,741	-52,447	1,453	1,256	1,229	-48,940	1,247	1,259	1,106	-47,149	1,249	854	805	-45,821	667	833	641	67,906	594	718	710	-51,093	434	327	255	-45,900	421	364	349	37,459	189	149	163	-35,509	167	143	-19,229	-34,050	-13,599	-15,615	-10,990	-21,694	-5,833	33,000	-2,221	922	-22,112	7,041	6,751	19,797	4,881	3,430	2,053	17,278	-838	-4,858	-4,876	15,277	-5,105	-4,889	-4,848	14,700	-4,821	-4,045	-3,809	17,554	-6,387	-4,221	-3,798	-2,239	-672	-678	-92	431	548	-632	-1,487	-1,100	-1,400	-1,800	-1,500	-1,400	-1,400	-1,300	-3,300	-1,500	-1,100	-400	-800	-1,200	-700	-500	-200	-600	-400	-700	-800	1,000	1,000	-1,000	500
Total Other Income Expense Net	90,386	105,027	82,970	-84,064	-49,505	-21,321	-18,688	-18,287	-11,528	-22,546	-18,932	-20,032	-26,575	-27,125	-28,410	-42,139	-45,887	-47,493	-31,528	-29,704	-25,850	-24,894	-16,219	-12,985	-12,319	-11,736	-10,562	-8,801	-8,155	-7,553	-6,659	-6,846	-5,537	-6,350	-5,553	-5,474	234,821	-6,195	-5,182	-17,806	-3,953	-3,644	-3,697	-13,769	-4,426	-4,667	-5,314	-7,099	138,965	-8,066	-8,207	-24,012	-7,805	-7,979	-8,033	-8,472	-8,130	-10,059	-11,504	-12,649	-14,586	-12,935	953	-13,193	-15,629	-18,126	-17,512	-16,991	93,038	-14,727	-12,149	-10,749	70,445	-7,182	-6,026	-5,435	64,101	-4,900	-4,658	-4,702	62,503	-5,236	-5,816	-6,112	68,761	-6,849	-6,893	-7,627	-9,065	-9,270	-8,324	-8,245	-8,351	-8,578	-7,301	-6,575	-6,500	-6,200	-5,800	-5,900	-6,400	-6,800	-6,600	-6,600	-6,700	-6,700	-6,200	-5,900	-7,400	-5,600	-3,100	-3,000	-2,900	-2,900	-2,600	-2,400	-	-	-1,900	-
Total Revenue	388,462	272,292	276,041	267,267	272,113	278,179	9,920	8,919	246,614	237,846	250,470	282,403	274,443	320,754	283,824	200,126	209,366	224,668	135,908	129,255	128,850	127,961	106,261	94,716	92,472	92,507	90,747	85,363	80,468	84,405	81,204	72,923	68,802	71,294	50,074	53,246	52,078	53,847	48,243	45,048	35,246	38,637	38,511	34,854	38,915	38,069	37,756	34,954	39,686	34,657	34,721	30,400	28,837	27,010	28,699	25,298	24,878	23,333	23,135	22,464	20,327	23,816	24,369	24,369	23,302	23,082	22,973	22,944	24,579	23,149	21,209	20,286	17,321	16,966	16,121	15,727	15,050	14,585	14,083	14,295	14,752	14,269	14,046	14,008	14,778	17,059	15,428	14,654	15,075	13,877	12,232	11,726	11,740	11,486	11,556	11,604	11,200	10,800	10,900	10,600	12,200	10,500	10,400	10,200	10,600	10,000	9,500	9,300	10,800	8,600	5,500	5,000	5,000	4,900	4,800	4,700	-	-	3,900	-

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	1,446,288
Cost of Revenue	--76,975
Gross Profit	1,523,263	1,523,263

Operating Income (+$)
Gross Profit	1,523,263
Operating Expense	-208,935
Operating Income	-30,475	1,314,328

Operating Expense (+$)
Research Development	0
Selling General Administrative	347,050
Selling And Marketing Expenses	11,856
Operating Expense	208,935	358,906

Net Interest Income (+$)
Interest Income	1,221,863
Interest Expense	-89,374
Other Finance Cost	-279,409
Net Interest Income	853,080

Pretax Income (+$)
Operating Income	-30,475
Net Interest Income	853,080
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	356,935	-387,410 EBIT - interestExpense = -119,849 356,935 358,479
Interest Expense	89,374
Earnings Before Interest and Taxes (EBIT)	-30,475	446,309
Earnings Before Interest and Taxes (EBITDA)	18,244

After tax Income (+$)
Income Before Tax	356,935
Tax Provision	-85,691
Net Income From Continuing Ops	285,392	271,244
Net Income	269,105
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	1,156,036
Total Other Income/Expenses Net	356,935	-853,080

Technical Analysis of Ameris Bancorp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Ameris Bancorp. The general trend of Ameris Bancorp is BEARISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Ameris Bancorp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (-14.3%)		Bearish trend (14.3%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Ameris Bancorp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 47.35 < 48.22 < 48.66.

The bearish price targets are: 49.20 > 43.27 > 39.21.

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Ameris Bancorp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Ameris Bancorp. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-14 +14).

MA 20 trending down: The MA 20 is trending down. -1
Close < MA 20: The price is below the MA 20. -1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Ameris Bancorp Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Ameris Bancorp. The current macd is -0.52439407.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Ameris Bancorp price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Ameris Bancorp. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Ameris Bancorp price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Ameris Bancorp Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Ameris Bancorp. The current adx is 11.98.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Ameris Bancorp shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Ameris Bancorp Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Ameris Bancorp. The current sar is 47.04.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

Ameris Bancorp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Ameris Bancorp. The current rsi is 50.19. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Ameris Bancorp Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Ameris Bancorp. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Ameris Bancorp price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Ameris Bancorp Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Ameris Bancorp. The current cci is -48.20262902.

Ameris Bancorp Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Ameris Bancorp. The current cmo is 7.75444201.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Ameris Bancorp Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Ameris Bancorp. The current willr is -46.484375.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Ameris Bancorp is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Ameris Bancorp.

Ameris Bancorp Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Ameris Bancorp. The current atr is 1.19740203.

Ameris Bancorp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Ameris Bancorp. The current obv is -8,556,965.

Ameris Bancorp Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Ameris Bancorp. The current mfi is 54.56.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

Ameris Bancorp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Ameris Bancorp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-29	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-05	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-11	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-26	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-03	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-16	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-17	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-19	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-22	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-23	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-25	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-31	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-06	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-02-14	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-26	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-29	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-01	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-05	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-06	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-07	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-11	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-12	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-14	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-20	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-21	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-26	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-27	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-28	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-04-01	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-04	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-08	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-10	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-16	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-19	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Ameris Bancorp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	50.192
Ma 20	Greater than	Ma 50	46.400
Ma 50	Greater than	Ma 100	46.556
Ma 100	Greater than	Ma 200	48.156
Open	Greater than	Close	44.560
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Ameris Bancorp Buy, Hold or Sell?

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Quick analysis of Ameris Bancorp (30 sec.)

What can you expect buying and holding a share of Ameris Bancorp? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Ameris Bancorp (5 min.)

$46.28

$49.64

$-188.87 - $90.57

$-139.23 - $140.21

2. Growth of Ameris Bancorp (5 min.)

Is Ameris Bancorp growing?

How much money is Ameris Bancorp making?

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

3. Financial Health of Ameris Bancorp (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Ameris Bancorp? (5 min.)

What can you expect buying and holding a share of Ameris Bancorp?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Ameris Bancorp

About Ameris Bancorp

Financial Health

Valuation

1.1. Profitability of Ameris Bancorp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Ameris Bancorp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Ameris Bancorp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Ameris Bancorp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Ameris Bancorp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Ameris Bancorp
Buy, Hold or Sell?