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Anheuser Busch Inbev SA NV
Buy, Hold or Sell?

Should you buy, hold or sell Anheuser Busch Inbev SA NV?

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

Let's analyse Anheuser Busch Inbev SA NV

Let's start. I'm going to help you getting a better view of Anheuser Busch Inbev SA NV. 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.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Anheuser Busch Inbev SA NV even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Anheuser Busch Inbev SA NV is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Anheuser Busch Inbev SA NV. The closing price on 2023-02-03 was €54.94 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Anheuser Busch Inbev SA NV Daily Candlestick Chart
Anheuser Busch Inbev SA NV Daily Candlestick Chart
Summary









1. Valuation of Anheuser Busch Inbev SA NV




Current price per share

€54.94

2. Growth of Anheuser Busch Inbev SA NV




Is Anheuser Busch Inbev SA NV growing?

Current yearPrevious yearGrowGrow %
How rich?$79.3b$78.3b$988.7m1.2%

How much money is Anheuser Busch Inbev SA NV making?

Current yearPrevious yearGrowGrow %
Making money$4.6b$1.4b$3.2b69.9%
Net Profit Margin8.6%3.0%--

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

3. Financial Health of Anheuser Busch Inbev SA NV




Comparing to competitors in the Beverages-Brewers industry




  Industry Rankings (Beverages-Brewers)  


Richest
#10 / 56

Most Revenue
#11 / 56

Most Profit
#10 / 56


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared 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 yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

1.1. Profitability of Anheuser Busch Inbev SA NV.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Anheuser Busch Inbev SA NV earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Anheuser Busch Inbev SA NV to the Beverages-Brewers industry mean.
  • A Net Profit Margin of 8.6% means that €0.09 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Anheuser Busch Inbev SA NV:

  • The MRQ is 8.6%. The company is making a profit. +1
  • The TTM is 8.6%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ8.6%TTM8.6%0.0%
TTM8.6%YOY3.0%+5.6%
TTM8.6%5Y10.3%-1.7%
5Y10.3%10Y14.4%-4.2%
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ8.6%9.2%-0.6%
TTM8.6%5.7%+2.9%
YOY3.0%4.1%-1.1%
5Y10.3%3.4%+6.9%
10Y14.4%4.1%+10.3%
1.1.2. Return on Assets

Shows how efficient Anheuser Busch Inbev SA NV is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Anheuser Busch Inbev SA NV to the Beverages-Brewers industry mean.
  • 2.1% Return on Assets means that Anheuser Busch Inbev SA NV generated €0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Anheuser Busch Inbev SA NV:

  • The MRQ is 2.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.1%TTM2.1%0.0%
TTM2.1%YOY0.6%+1.5%
TTM2.1%5Y2.4%-0.2%
5Y2.4%10Y4.1%-1.7%
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1%0.9%+1.2%
TTM2.1%0.8%+1.3%
YOY0.6%0.8%-0.2%
5Y2.4%0.6%+1.8%
10Y4.1%0.9%+3.2%
1.1.3. Return on Equity

Shows how efficient Anheuser Busch Inbev SA NV is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Anheuser Busch Inbev SA NV to the Beverages-Brewers industry mean.
  • 6.8% Return on Equity means Anheuser Busch Inbev SA NV generated €0.07 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Anheuser Busch Inbev SA NV:

  • The MRQ is 6.8%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.8%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.8%TTM6.8%0.0%
TTM6.8%YOY2.1%+4.7%
TTM6.8%5Y7.8%-1.0%
5Y7.8%10Y12.5%-4.7%
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ6.8%2.6%+4.2%
TTM6.8%2.1%+4.7%
YOY2.1%2.3%-0.2%
5Y7.8%2.0%+5.8%
10Y12.5%1.9%+10.6%

1.2. Operating Efficiency of Anheuser Busch Inbev SA NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Anheuser Busch Inbev SA NV is operating .

  • Measures how much profit Anheuser Busch Inbev SA NV 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 Anheuser Busch Inbev SA NV to the Beverages-Brewers industry mean.
  • An Operating Margin of 20.9% means the company generated €0.21  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Anheuser Busch Inbev SA NV:

  • The MRQ is 20.9%. The company is operating efficient. +1
  • The TTM is 20.9%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ20.9%TTM20.9%0.0%
TTM20.9%YOY17.0%+3.9%
TTM20.9%5Y23.6%-2.7%
5Y23.6%10Y26.7%-3.1%
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ20.9%11.5%+9.4%
TTM20.9%7.8%+13.1%
YOY17.0%8.5%+8.5%
5Y23.6%7.0%+16.6%
10Y26.7%6.3%+20.4%
1.2.2. Operating Ratio

Measures how efficient Anheuser Busch Inbev SA NV is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Beverages-Brewers industry mean).
  • An Operation Ratio of 0.74 means that the operating costs are €0.74 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Anheuser Busch Inbev SA NV:

  • The MRQ is 0.741. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.741. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.741TTM0.7410.000
TTM0.741YOY0.742-0.001
TTM0.7415Y0.709+0.032
5Y0.70910Y0.697+0.012
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7411.410-0.669
TTM0.7411.362-0.621
YOY0.7421.219-0.477
5Y0.7091.038-0.329
10Y0.6970.895-0.198

1.3. Liquidity of Anheuser Busch Inbev SA NV.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Anheuser Busch Inbev SA NV is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Beverages-Brewers industry mean).
  • A Current Ratio of 0.70 means the company has €0.70 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Anheuser Busch Inbev SA NV:

  • The MRQ is 0.701. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.701. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.701TTM0.7010.000
TTM0.701YOY0.820-0.119
TTM0.7015Y0.708-0.007
5Y0.70810Y0.768-0.060
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7011.037-0.336
TTM0.7011.097-0.396
YOY0.8201.050-0.230
5Y0.7081.102-0.394
10Y0.7680.777-0.009
1.3.2. Quick Ratio

Measures if Anheuser Busch Inbev SA NV is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Anheuser Busch Inbev SA NV to the Beverages-Brewers industry mean.
  • A Quick Ratio of 0.52 means the company can pay off €0.52 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Anheuser Busch Inbev SA NV:

  • The MRQ is 0.524. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.524. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.524TTM0.5240.000
TTM0.524YOY0.655-0.130
TTM0.5245Y0.505+0.019
5Y0.50510Y0.586-0.080
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5240.397+0.127
TTM0.5240.338+0.186
YOY0.6550.334+0.321
5Y0.5050.358+0.147
10Y0.5860.367+0.219

1.4. Solvency of Anheuser Busch Inbev SA NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Anheuser Busch Inbev SA NV assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Anheuser Busch Inbev SA NV to Beverages-Brewers industry mean.
  • A Debt to Asset Ratio of 0.64 means that Anheuser Busch Inbev SA NV assets are financed with 63.5% credit (debt) and the remaining percentage (100% - 63.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Anheuser Busch Inbev SA NV:

  • The MRQ is 0.635. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.635. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.635TTM0.6350.000
TTM0.635YOY0.654-0.019
TTM0.6355Y0.659-0.024
5Y0.65910Y0.650+0.009
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6350.518+0.117
TTM0.6350.521+0.114
YOY0.6540.523+0.131
5Y0.6590.510+0.149
10Y0.6500.490+0.160
1.4.2. Debt to Equity Ratio

Measures if Anheuser Busch Inbev SA NV is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Anheuser Busch Inbev SA NV to the Beverages-Brewers industry mean.
  • A Debt to Equity ratio of 201.4% means that company has €2.01 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Anheuser Busch Inbev SA NV:

  • The MRQ is 2.014. The company is just not able to pay all its debts with equity.
  • The TTM is 2.014. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.014TTM2.0140.000
TTM2.014YOY2.177-0.163
TTM2.0145Y2.194-0.180
5Y2.19410Y2.092+0.102
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ2.0141.069+0.945
TTM2.0141.088+0.926
YOY2.1771.140+1.037
5Y2.1941.136+1.058
10Y2.0921.055+1.037

2. Market Valuation of Anheuser Busch Inbev SA NV

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Anheuser Busch Inbev SA NV generates.

  • Above 15 is considered overpriced but always compare Anheuser Busch Inbev SA NV to the Beverages-Brewers industry mean.
  • A PE ratio of 25.03 means the investor is paying €25.03 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Anheuser Busch Inbev SA NV:

  • The EOD is 25.865. Very good. +2
  • The MRQ is 25.032. Very good. +2
  • The TTM is 25.032. Very good. +2
Trends
Current periodCompared to+/- 
EOD25.865MRQ25.032+0.833
MRQ25.032TTM25.0320.000
TTM25.032YOY89.211-64.179
TTM25.0325Y37.099-12.067
5Y37.09910Y41.108-4.009
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
EOD25.86557.410-31.545
MRQ25.03263.146-38.114
TTM25.03269.796-44.764
YOY89.21177.115+12.096
5Y37.09958.320-21.221
10Y41.10847.510-6.402
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Anheuser Busch Inbev SA NV.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Anheuser Busch Inbev SA NV:

  • The MRQ is 7.531. Seems overpriced? -1
  • The TTM is 7.531. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ7.531TTM7.5310.000
TTM7.531YOY585.913-578.382
TTM7.5315Y131.742-124.211
5Y131.74210Y176.987-45.244
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
MRQ7.5310.580+6.951
TTM7.5310.029+7.502
YOY585.9130.204+585.709
5Y131.7420.167+131.575
10Y176.9870.167+176.820

2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Anheuser Busch Inbev SA NV is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Beverages-Brewers industry mean).
  • A PB ratio of 1.47 means the investor is paying €1.47 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Anheuser Busch Inbev SA NV:

  • The EOD is 1.522. Good. +1
  • The MRQ is 1.473. Good. +1
  • The TTM is 1.473. Good. +1
Trends
Current periodCompared to+/- 
EOD1.522MRQ1.473+0.049
MRQ1.473TTM1.4730.000
TTM1.473YOY1.600-0.126
TTM1.4735Y1.843-0.369
5Y1.84310Y2.482-0.639
Compared to industry (Beverages-Brewers)
PeriodCompanyIndustry (mean)+/- 
EOD1.5221.629-0.107
MRQ1.4731.603-0.130
TTM1.4731.887-0.414
YOY1.6001.740-0.140
5Y1.8431.704+0.139
10Y2.4821.476+1.006
2. Total Gains per Share

2.4. Latest News of Anheuser Busch Inbev SA NV

Does Anheuser Busch Inbev SA NV still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Anheuser Busch Inbev SA NV to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2023-01-18
15:15
Why is Molson Coors (TAP) an Attractive Option for the Long Run?Read

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Anheuser Busch Inbev SA NV compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.4500.4500%-3.058+780%-1.380+407%1.420-68%
Book Value Growth--1.0131.0130%0.927+9%0.999+1%1.093-7%
Book Value Per Share--36.08736.0870%35.637+1%36.1050%33.056+9%
Book Value Per Share Growth--1.0131.0130%0.921+10%0.972+4%1.077-6%
Current Ratio--0.7010.7010%0.820-15%0.708-1%0.768-9%
Debt To Asset Ratio--0.6350.6350%0.654-3%0.659-4%0.650-2%
Debt To Equity Ratio--2.0142.0140%2.177-7%2.194-8%2.092-4%
Dividend Per Share--1.0751.0750%0.819+31%2.408-55%2.997-64%
Dividend Per Share Growth--1.3131.3130%0.357+268%0.821+60%1.031+27%
Eps--2.1242.1240%0.639+232%2.532-16%3.418-38%
Eps Growth--3.3243.3240%0.152+2083%2.347+42%1.664+100%
Free Cash Flow Per Share--4.1664.1660%3.234+29%4.100+2%4.407-5%
Free Cash Flow Per Share Growth--1.2881.2880%0.859+50%1.143+13%1.029+25%
Free Cash Flow To Equity Per Share---1.109-1.1090%-0.621-44%-1.726+56%3.499-132%
Free Cash Flow To Equity Per Share Growth--0.2130.2130%-2.678+1356%0.177+20%69.930-100%
Gross Profit Margin---1.822-1.8220%-7.516+312%-2.530+39%-2.211+21%
Intrinsic Value_10Y_max--36.207--------
Intrinsic Value_10Y_min--19.860--------
Intrinsic Value_1Y_max--4.059--------
Intrinsic Value_1Y_min--3.318--------
Intrinsic Value_3Y_max--11.867--------
Intrinsic Value_3Y_min--8.878--------
Intrinsic Value_5Y_max--19.280--------
Intrinsic Value_5Y_min--13.200--------
Net Profit Margin--0.0860.0860%0.030+187%0.103-16%0.144-40%
Operating Margin--0.2090.2090%0.170+23%0.236-12%0.267-22%
Operating Ratio--0.7410.7410%0.7420%0.709+5%0.697+6%
Pb Ratio1.522+3%1.4731.4730%1.600-8%1.843-20%2.482-41%
Pe Ratio25.865+3%25.03225.0320%89.211-72%37.099-33%41.108-39%
Peg Ratio--7.5317.5310%585.913-99%131.742-94%176.987-96%
Price Per Share54.940+3%53.17053.1700%57.010-7%66.744-20%78.553-32%
Price To Total Gains Ratio36.025+3%34.86434.8640%-25.456+173%-49.117+241%-56.417+262%
Profit Growth--3.3243.3240%0.153+2070%2.513+32%1.748+90%
Quick Ratio--0.5240.5240%0.655-20%0.505+4%0.586-10%
Return On Assets--0.0210.0210%0.006+246%0.024-9%0.041-48%
Return On Equity--0.0680.0680%0.021+229%0.078-12%0.125-45%
Revenue Growth--1.1581.1580%0.896+29%1.044+11%1.038+12%
Total Gains Per Share--1.5251.5250%-2.240+247%1.028+48%4.416-65%
Total Gains Per Share Growth--2.6812.6810%-0.285+111%6.970-62%11.627-77%
Usd Book Value--79323033141.00079323033141.0000%78334244638.650+1%78856732880.640+1%67637332662.570+17%
Usd Book Value Change Per Share--0.4850.4850%-3.300+780%-1.489+407%1.532-68%
Usd Book Value Per Share--38.94138.9410%38.456+1%38.9600%35.671+9%
Usd Dividend Per Share--1.1601.1600%0.883+31%2.598-55%3.234-64%
Usd Eps--2.2922.2920%0.690+232%2.732-16%3.689-38%
Usd Free Cash Flow--9157041347.8509157041347.8500%7108479526.500+29%8949485743.110+2%8898896563.920+3%
Usd Free Cash Flow Per Share--4.4954.4950%3.490+29%4.425+2%4.756-5%
Usd Free Cash Flow To Equity Per Share---1.197-1.1970%-0.670-44%-1.863+56%3.775-132%
Usd Price Per Share59.286+3%57.37657.3760%61.519-7%72.023-20%84.767-32%
Usd Profit--4669001320.5004669001320.5000%1404699540.750+232%5520819120.300-15%6796246311.855-31%
Usd Revenue--54292387089.60054292387089.6000%46870974498.150+16%52904084041.710+3%48361055776.110+12%
Usd Total Gains Per Share--1.6461.6460%-2.417+247%1.109+48%4.766-65%
 EOD+2 -3MRQTTM+0 -0YOY+38 -55Y+28 -1510Y+18 -25

3.2. Fundamental Score

Let's check the fundamental score of Anheuser Busch Inbev SA NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1525.865
Price to Book Ratio (EOD)Between0-11.522
Net Profit Margin (MRQ)Greater than00.086
Operating Margin (MRQ)Greater than00.209
Quick Ratio (MRQ)Greater than10.524
Current Ratio (MRQ)Greater than10.701
Debt to Asset Ratio (MRQ)Less than10.635
Debt to Equity Ratio (MRQ)Less than12.014
Return on Equity (MRQ)Greater than0.150.068
Return on Assets (MRQ)Greater than0.050.021
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Anheuser Busch Inbev SA NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.150
Ma 20Greater thanMa 5055.457
Ma 50Greater thanMa 10056.174
Ma 100Greater thanMa 20052.872
OpenGreater thanClose54.910
Total2/5 (40.0%)



Reversals in quarterly reports

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

 2017-12-312018-12-312019-12-312020-12-312021-12-31
Minority Interest  7,073,828-214,0226,859,8061,322,1168,181,9221,386,0449,567,966-10,905,832-1,337,866



Latest Balance Sheet

Balance Sheet of 2021-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets217,627,000
Total Liabilities138,287,000
Total Stockholder Equity68,669,000
 As reported
Total Liabilities 138,287,000
Total Stockholder Equity+ 68,669,000
Total Assets = 217,627,000

Assets

Total Assets217,627,000
Total Current Assets23,949,000
Long-term Assets23,949,000
Total Current Assets
Cash And Cash Equivalents 12,097,000
Short-term Investments 374,000
Net Receivables 5,077,000
Inventory 5,284,000
Other Current Assets 1,117,000
Total Current Assets  (as reported)23,949,000
Total Current Assets  (calculated)23,949,000
+/-0
Long-term Assets
Property Plant Equipment 26,677,000
Goodwill 115,796,000
Long Term Investments 6,035,000
Intangible Assets 40,430,000
Other Assets 4,739,000
Long-term Assets  (as reported)193,678,000
Long-term Assets  (calculated)193,677,000
+/- 1,000

Liabilities & Shareholders' Equity

Total Current Liabilities34,184,000
Long-term Liabilities104,103,000
Total Stockholder Equity68,669,000
Total Current Liabilities
Short-term Debt 1,461,000
Short Long Term Debt 1,014,000
Accounts payable 17,810,000
Other Current Liabilities 11,071,000
Total Current Liabilities  (as reported)34,184,000
Total Current Liabilities  (calculated)31,356,000
+/- 2,828,000
Long-term Liabilities
Long term Debt 85,539,000
Capital Lease Obligations 2,277,000
Other Liabilities 16,734,000
Long-term Liabilities  (as reported)104,103,000
Long-term Liabilities  (calculated)104,550,000
+/- 447,000
Total Stockholder Equity
Common Stock1,736,000
Retained Earnings 33,882,000
Accumulated Other Comprehensive Income 15,431,000
Other Stockholders Equity 17,620,000
Total Stockholder Equity (as reported)68,669,000
Total Stockholder Equity (calculated)68,669,000
+/-0
Other
Capital Stock1,736,000
Cash and Short Term Investments 12,471,000
Common Stock Shares Outstanding 2,037,000
Current Deferred Revenue51,000
Liabilities and Stockholders Equity 206,956,000
Net Debt 76,733,000
Net Invested Capital 155,222,000
Net Tangible Assets -87,557,000
Net Working Capital -10,235,000
Short Long Term Debt Total 88,830,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
11,158,700
11,901,000
11,696,066
13,831,971
25,208,763
27,905,627
34,639,496
41,843,206
113,160,000
112,525,000
114,342,000
112,427,000
122,621,000
141,666,000
142,550,000
134,635,000
258,381,000
246,126,000
232,103,000
236,648,000
226,410,000
217,627,000
217,627,000226,410,000236,648,000232,103,000246,126,000258,381,000134,635,000142,550,000141,666,000122,621,000112,427,000114,342,000112,525,000113,160,00041,843,20634,639,49627,905,62725,208,76313,831,97111,696,06611,901,00011,158,700
   > Total Current Assets 
0
0
2,471,222
3,080,488
5,330,224
5,049,093
6,287,532
8,075,874
11,360,000
10,853,000
12,597,000
12,323,000
20,630,000
18,690,000
18,541,000
18,294,000
43,061,000
23,960,000
18,281,000
28,814,000
26,519,000
23,949,000
23,949,00026,519,00028,814,00018,281,00023,960,00043,061,00018,294,00018,541,00018,690,00020,630,00012,323,00012,597,00010,853,00011,360,0008,075,8746,287,5325,049,0935,330,2243,080,4882,471,22200
       Cash And Cash Equivalents 
416,600
401,000
225,610
560,432
1,323,067
726,037
826,195
1,930,395
2,936,000
3,689,000
4,511,000
5,320,000
7,051,000
9,839,000
8,357,000
6,923,000
8,579,000
10,472,000
7,074,000
7,238,000
15,251,000
12,097,000
12,097,00015,251,0007,238,0007,074,00010,472,0008,579,0006,923,0008,357,0009,839,0007,051,0005,320,0004,511,0003,689,0002,936,0001,930,395826,195726,0371,323,067560,432225,610401,000416,600
       Short-term Investments 
399,600
0
32,530
75,000
2,711
207,270
294,316
260,982
270,000
55,000
641,000
103,000
6,827,000
123,000
301,000
55,000
5,659,000
1,304,000
87,000
92,000
396,000
374,000
374,000396,00092,00087,0001,304,0005,659,00055,000301,000123,0006,827,000103,000641,00055,000270,000260,982294,316207,2702,71175,00032,5300399,600
       Net Receivables 
1,691,900
2,027,000
1,649,580
1,900,432
2,680,024
2,784,522
3,393,208
3,747,066
5,200,000
4,689,000
5,004,000
4,433,000
3,367,000
4,471,000
4,517,000
4,673,000
7,187,000
7,046,000
6,503,000
6,250,000
5,134,000
5,077,000
5,077,0005,134,0006,250,0006,503,0007,046,0007,187,0004,673,0004,517,0004,471,0003,367,0004,433,0005,004,0004,689,0005,200,0003,747,0663,393,2082,784,5222,680,0241,900,4321,649,5802,027,0001,691,900
       Other Current Assets 
143,400
0
97,590
40,301
176,228
230,958
431,575
505,927
51,000
66,000
32,000
1,000
924,000
1,385,000
2,478,000
3,884,000
17,812,000
1,120,000
506,000
10,912,000
1,347,000
1,117,000
1,117,0001,347,00010,912,000506,0001,120,00017,812,0003,884,0002,478,0001,385,000924,0001,00032,00066,00051,000505,927431,575230,958176,22840,30197,5900143,400
   > Long-term Assets 
0
0
9,224,844
10,751,483
19,878,538
22,856,534
28,351,965
33,767,332
101,800,000
101,672,000
101,745,000
100,104,000
101,991,000
122,976,000
124,009,000
116,341,000
215,320,000
222,166,000
213,822,000
207,834,000
199,891,000
193,678,000
193,678,000199,891,000207,834,000213,822,000222,166,000215,320,000116,341,000124,009,000122,976,000101,991,000100,104,000101,745,000101,672,000101,800,00033,767,33228,351,96522,856,53419,878,53810,751,4839,224,84400
       Property Plant Equipment 
3,724,900
3,800,000
3,685,321
4,208,909
7,181,976
7,102,841
8,316,066
9,665,097
19,674,000
16,461,000
15,893,000
16,022,000
16,461,000
20,889,000
20,263,000
18,952,000
27,522,000
27,184,000
25,910,000
27,544,000
26,419,000
26,677,000
26,677,00026,419,00027,544,00025,910,00027,184,00027,522,00018,952,00020,263,00020,889,00016,461,00016,022,00015,893,00016,461,00019,674,0009,665,0978,316,0667,102,8417,181,9764,208,9093,685,3213,800,0003,724,900
       Goodwill 
2,737,800
3,145,000
3,838,526
4,715,187
10,111,430
13,156,305
16,240,151
20,170,003
49,556,000
52,125,000
52,498,000
51,302,000
51,766,000
69,926,000
70,758,000
65,061,000
136,532,000
140,940,000
133,311,000
128,114,000
120,971,000
115,796,000
115,796,000120,971,000128,114,000133,311,000140,940,000136,532,00065,061,00070,758,00069,926,00051,766,00051,302,00052,498,00052,125,00049,556,00020,170,00316,240,15113,156,30510,111,4304,715,1873,838,5263,145,0002,737,800
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
380,000
228,000
260,000
4,406,000
5,363,000
6,244,000
5,971,000
6,280,000
6,035,000
6,035,0006,280,0005,971,0006,244,0005,363,0004,406,000260,000228,000380,0000000000000000
       Intangible Assets 
2,796,500
3,259,000
139,564
287,143
333,478
639,576
1,669,548
1,822,503
23,673,000
23,165,000
23,359,000
23,818,000
24,371,000
29,338,000
29,923,000
29,677,000
44,569,000
45,874,000
44,831,000
42,452,000
41,527,000
40,430,000
40,430,00041,527,00042,452,00044,831,00045,874,00044,569,00029,677,00029,923,00029,338,00024,371,00023,818,00023,359,00023,165,00023,673,0001,822,5031,669,548639,576333,478287,143139,5643,259,0002,796,500
       Long-term Assets Other 
0
0
406,099
458,421
864,874
804,207
925,180
860,221
858,000
1,951,000
1,713,000
1,349,000
1,240,000
1,263,000
1,779,000
1,210,000
1,030,000
1,589,000
2,069,000
2,034,000
2,675,000
2,771,000
2,771,0002,675,0002,034,0002,069,0001,589,0001,030,0001,210,0001,779,0001,263,0001,240,0001,349,0001,713,0001,951,000858,000860,221925,180804,207864,874458,421406,09900
> Total Liabilities 
6,842,500
6,586,000
5,798,713
6,854,905
12,528,468
13,421,611
16,133,247
20,104,393
88,729,000
79,354,000
75,543,000
71,383,000
77,180,000
86,358,000
88,293,000
88,916,000
176,956,000
165,906,000
160,199,000
152,095,000
148,059,000
138,287,000
138,287,000148,059,000152,095,000160,199,000165,906,000176,956,00088,916,00088,293,00086,358,00077,180,00071,383,00075,543,00079,354,00088,729,00020,104,39316,133,24713,421,61112,528,4686,854,9055,798,7136,586,0006,842,500
   > Total Current Liabilities 
3,114,400
3,741,000
3,870,006
3,604,398
7,928,912
6,145,847
7,759,110
9,746,745
24,424,000
14,254,000
15,720,000
19,644,000
20,408,000
25,627,000
27,208,000
28,456,000
40,116,000
36,211,000
34,459,000
34,841,000
32,352,000
34,184,000
34,184,00032,352,00034,841,00034,459,00036,211,00040,116,00028,456,00027,208,00025,627,00020,408,00019,644,00015,720,00014,254,00024,424,0009,746,7457,759,1106,145,8477,928,9123,604,3983,870,0063,741,0003,114,400
       Short-term Debt 
0
0
1,513,164
877,801
2,947,077
1,459,180
1,707,822
2,213,247
12,066,000
2,043,000
2,933,000
5,567,000
5,390,000
7,852,000
7,492,000
5,925,000
8,802,000
7,550,000
4,330,000
5,477,000
3,086,000
1,461,000
1,461,0003,086,0005,477,0004,330,0007,550,0008,802,0005,925,0007,492,0007,852,0005,390,0005,567,0002,933,0002,043,00012,066,0002,213,2471,707,8221,459,1802,947,077877,8011,513,16400
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
49,126,000
5,237,000
4,060,000
8,776,000
7,523,000
4,288,000
5,144,000
2,689,000
1,014,000
1,014,0002,689,0005,144,0004,288,0007,523,0008,776,0004,060,0005,237,00049,126,0000000000000000
       Accounts payable 
895,600
958,000
2,035,741
2,463,383
4,451,795
4,101,574
5,172,300
6,429,790
11,495,000
11,377,000
12,071,000
13,337,000
8,476,000
9,834,000
10,913,000
11,616,000
14,071,000
15,240,000
15,512,000
15,876,000
15,898,000
17,810,000
17,810,00015,898,00015,876,00015,512,00015,240,00014,071,00011,616,00010,913,0009,834,0008,476,00013,337,00012,071,00011,377,00011,495,0006,429,7905,172,3004,101,5744,451,7952,463,3832,035,741958,000895,600
       Other Current Liabilities 
1,225,300
1,703,000
321,101
263,214
530,040
585,093
878,987
1,103,708
863,000
834,000
716,000
740,000
6,514,000
7,903,000
8,750,000
10,866,000
17,191,000
13,391,000
10,732,000
9,413,000
9,676,000
11,071,000
11,071,0009,676,0009,413,00010,732,00013,391,00017,191,00010,866,0008,750,0007,903,0006,514,000740,000716,000834,000863,0001,103,708878,987585,093530,040263,214321,1011,703,0001,225,300
   > Long-term Liabilities 
0
0
1,928,707
3,250,507
4,599,555
7,275,764
8,374,137
10,357,648
64,305,000
65,100,000
59,823,000
51,739,000
56,772,000
60,731,000
61,085,000
60,460,000
136,840,000
129,695,000
125,740,000
117,254,000
115,707,000
104,103,000
104,103,000115,707,000117,254,000125,740,000129,695,000136,840,00060,460,00061,085,00060,731,00056,772,00051,739,00059,823,00065,100,00064,305,00010,357,6488,374,1377,275,7644,599,5553,250,5071,928,70700
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
43,541,000
113,941,000
108,949,000
106,997,000
97,564,000
0
0
0097,564,000106,997,000108,949,000113,941,00043,541,000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
-1,513,164
-877,801
-2,947,077
-1,459,180
-1,707,822
-2,213,247
-12,066,000
-2,043,000
-2,933,000
-5,567,000
-5,390,000
-7,852,000
-7,492,000
-5,925,000
-8,568,000
-7,337,000
-4,126,000
-3,452,000
-852,000
816,000
816,000-852,000-3,452,000-4,126,000-7,337,000-8,568,000-5,925,000-7,492,000-7,852,000-5,390,000-5,567,000-2,933,000-2,043,000-12,066,000-2,213,247-1,707,822-1,459,180-2,947,077-877,801-1,513,16400
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,000
0
-1,000
1,000
-2,000
0
0-2,0001,000-1,0000-1,0000000000000000000
> Total Stockholder Equity
3,900,200
4,818,000
4,439,804
5,428,006
11,004,772
13,137,355
15,021,975
21,738,813
22,442,000
30,318,000
35,259,000
37,492,000
41,142,000
50,365,000
49,972,000
42,137,000
71,339,000
72,585,000
64,486,000
75,722,000
68,024,000
68,669,000
68,669,00068,024,00075,722,00064,486,00072,585,00071,339,00042,137,00049,972,00050,365,00041,142,00037,492,00035,259,00030,318,00022,442,00021,738,81315,021,97513,137,35511,004,7725,428,0064,439,8044,818,0003,900,200
   Common Stock
329,400
332,000
349,434
419,380
601,887
556,668
624,266
691,093
1,730,000
1,732,000
1,733,000
1,734,000
1,734,000
1,735,000
1,736,000
1,736,000
1,736,000
1,736,000
1,736,000
1,736,000
1,736,000
1,736,000
1,736,0001,736,0001,736,0001,736,0001,736,0001,736,0001,736,0001,736,0001,735,0001,734,0001,734,0001,733,0001,732,0001,730,000691,093624,266556,668601,887419,380349,434332,000329,400
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
113,330
292,180
478,527
1,147,683
943,658
425,737
0
0
0
0
157,000
18,000
-4,558,000
-13,168,000
23,769,000
24,835,000
19,056,000
24,882,000
17,798,000
15,431,000
15,431,00017,798,00024,882,00019,056,00024,835,00023,769,000-13,168,000-4,558,00018,000157,0000000425,737943,6581,147,683478,527292,180113,33000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,620,000
17,620,000
17,620,000
17,620,000
17,620,000
0
0
0017,620,00017,620,00017,620,00017,620,00017,620,000000000000000000
   Treasury Stock00-6,270,000-6,549,000-8,980,000-8,980,000-1,626,000-819,000-874,000-1,000,000-1,137,000-588,000-659,000-997,000-703,000-39,000-66,00000-6,00000
   Other Stockholders Equity 
0
0
2,884,666
2,948,251
7,256,534
8,237,496
8,620,940
12,735,650
0
0
0
17,938,000
17,574,000
17,608,000
17,620,000
17,620,000
17,620,000
17,620,000
17,620,000
17,620,000
17,620,000
17,620,000
17,620,00017,620,00017,620,00017,620,00017,620,00017,620,00017,620,00017,620,00017,608,00017,574,00017,938,00000012,735,6508,620,9408,237,4967,256,5342,948,2512,884,66600



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.