Acco Brands Corporation
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Penke I guess you are interested in Acco Brands Corporation. 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 Acco Brands Corporation. 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 Acco Brands Corporation (30 sec.)

What can you expect buying and holding a share of Acco Brands Corporation? (30 sec.)

How much money do you get?

$0.37

When do you have the money?

1 year

How often do you get paid?

62.5%

What is your share worth?

Current worth

$8.25

Expected worth in 1 year

$8.03

How sure are you?

67.5%

+ What do you gain per year?

Total Gains per Share

$0.16

Return On Investment

3.2%

For what price can you sell your share?

Current Price per Share

$4.98

Expected price per share

$4.0870463736264 - $5.19

How sure are you?

50%

1. Valuation of Acco Brands Corporation (5 min.)

Live pricePrice per Share (EOD)

$4.98

Book Value per Share

$8.25

Intrinsic Value Per Share

$-11.09 - $11.71

Total Value Per Share

$-2.84 - $19.96

My calculation of the intrinsic value of Acco Brands Corporation 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: ($0.33) 3Y: ($0.27) TTM: ($0.30)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($-0.03) TTM: ($-0.07)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.72	$1.30	$0.53 - $1.32
2	$0.89	$2.56	$-0.02 - $1.33
3	$0.58	$3.80	$-0.57 - $1.34
4	$-0.16	$5.01	$-1.12 - $1.35
5	$-1.27	$6.19	$-1.67 - $1.36
6	$-2.73	$7.35	$-2.22 - $1.37
7	$-4.47	$8.48	$-2.77 - $1.38
8	$-6.47	$9.58	$-3.32 - $1.39
9	$-8.68	$10.66	$-3.87 - $1.40
10	$-11.09	$11.71	$-4.43 - $1.40

2. Growth of Acco Brands Corporation (5 min.)

Is Acco Brands Corporation growing?

	Current year	Previous year	Grow	Grow %
How rich?	$787m	$836.4m	-$20.1m	-2.5%

How much money is Acco Brands Corporation making?

	Current year	Previous year	Grow	Grow %
Making money	-$5.4m	-$3.3m	-$2.1m	-39.4%
Net Profit Margin	-1.1%	-0.9%	-	-

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

Quarterly Yearly

3. Financial Health of Acco Brands Corporation (5 min.)

4. Comparing to competitors in the Business Equipment & Supplies industry (5 min.)

Industry Rankings (Business Equipment & Supplies)

Richest
#11 / 70

Most Revenue
#13 / 70

Most Profit
#64 / 70

Most Efficient
#53 / 70

What can you expect buying and holding a share of Acco Brands Corporation? (5 min.)

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

What can you expect buying and holding a share of Acco Brands Corporation?

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

Speculation

The Price per Share of Acco Brands Corporation is $4.98. 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 Acco Brands Corporation.
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 Acco Brands Corporation, 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 $8.25. Based on the TTM, the Book Value Change Per Share is $-0.05 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.10 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 $0.09 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Acco Brands Corporation.

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	-0.62	-12.5%	-0.06	-1.2%	-0.04	-0.8%	0.12	2.4%	0.18	3.5%
Usd Book Value Change Per Share	-0.42	-8.4%	-0.05	-1.1%	-0.10	-2.0%	0.03	0.7%	0.05	1.1%
Usd Dividend Per Share	0.07	1.5%	0.09	1.9%	0.07	1.5%	0.07	1.4%	0.04	0.9%
Usd Total Gains Per Share	-0.34	-6.9%	0.04	0.8%	-0.03	-0.5%	0.10	2.1%	0.10	2.0%
Usd Price Per Share	6.08	-	5.59	-	6.26	-	7.17	-	8.44	-
Price to Earnings Ratio	-2.44	-	-5.62	-	-15.45	-	-18.01	-	-1.59	-
Price-to-Total Gains Ratio	-17.77	-	22.54	-	-4.65	-	11.67	-	23.56	-
Price to Book Ratio	0.74	-	0.66	-	0.71	-	0.89	-	1.21	-
Price-to-Total Gains Ratio	-17.77	-	22.54	-	-4.65	-	11.67	-	23.56	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	4.98
Number of shares	200

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.09	0.07
Usd Book Value Change Per Share	-0.05	0.03
Usd Total Gains Per Share	0.04	0.10
Gains per Quarter (200 shares)	7.89	20.93
Gains per Year (200 shares)	31.54	83.71

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	75	-43	22	57	26	74
2	149	-86	54	115	52	158
3	224	-129	86	172	79	242
4	299	-172	118	230	105	326
5	373	-216	150	287	131	410
6	448	-259	182	345	157	494
7	523	-302	214	402	184	578
8	597	-345	246	460	210	662
9	672	-388	278	517	236	746
10	746	-431	310	575	262	830

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	2.0	2.0	0.0	50.0%	7.0	5.0	0.0	58.3%	14.0	6.0	0.0	70.0%	32.0	8.0	0.0	80.0%	64.0	32.0	0.0	66.7%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	14.0	6.0	0.0	70.0%	26.0	14.0	0.0	65.0%	52.0	44.0	0.0	54.2%
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%	25.0	0.0	15.0	62.5%	27.0	0.0	69.0	28.1%
Total Gains per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	14.0	6.0	0.0	70.0%	27.0	13.0	0.0	67.5%	54.0	42.0	0.0	56.3%

Fundamentals of Acco Brands Corporation

About Acco Brands Corporation

https://www.accobrands.com
Business Equipment & Supplies
5600
Four Corporate Drive, Lake Zurich, IL, United States, 60047
Google Maps Bing Maps

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools. It offers its products under the AT-A-GLANCE, Barrilito, Derwent, Esselte, Five Star, Foroni, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, PowerA, Quartet, Rapid, Rexel, Swingline, Tilibra, Artline, and Spirax brand names. The company markets and sells its products through various channels, including mass retailers, e-tailers, discount, drug/grocery, and variety chains; warehouse clubs; hardware and specialty stores; independent office product dealers; office superstores; wholesalers; contract stationers; and technology specialty businesses, as well as sells products directly to commercial and consumer end-users through its e-commerce platform and direct sales organization. The company was founded in 1893 and is headquartered in Lake Zurich, Illinois.

Fundamental data was last updated by Penke on 2024-04-10 23:13:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is able 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 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 expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Acco Brands Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Acco Brands Corporation earns for each $1 of revenue.

Above 10% is considered healthy but always compare Acco Brands Corporation to the Business Equipment & Supplies industry mean.
A Net Profit Margin of -12.2% means that $-0.12 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Acco Brands Corporation:

The MRQ is -12.2%. The company is making a huge loss. -2
The TTM is -1.1%. The company is making a loss. -1

Trends

Current period		Compared to		+/-
MRQ	-12.2%	TTM	-1.1%	-11.1%
TTM	-1.1%	YOY	-0.9%	-0.2%
TTM	-1.1%	5Y	2.2%	-3.3%
5Y	2.2%	10Y	3.8%	-1.6%

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	-12.2%	4.2%	-16.4%
TTM	-1.1%	4.4%	-5.5%
YOY	-0.9%	3.3%	-4.2%
5Y	2.2%	3.9%	-1.7%
10Y	3.8%	4.0%	-0.2%

Measures how much net profit Acco Brands Corporation earns for each $1 of revenue.

Revenue is the amount of profit Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation to the Business Equipment & Supplies industry mean.
Can be used to compare companies within the Business Equipment & Supplies industry.

You typically want a high profit margin. This means that for each $1 in sales, Acco Brands Corporation makes more profit. This shows the investor how efficiently Acco Brands Corporation is operating in general and compared to other companies in the same industry. Acco Brands Corporation operates in the Business Equipment & Supplies industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Acco Brands Corporation. If profit margins remain low (compared to the Business Equipment & Supplies 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 Acco Brands Corporation is -0.12. This means that Acco Brands Corporation earned $-0.12 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 Business Equipment & Supplies industry is 4.2%.
What is the trend?
The trend is important because it shows you how Acco Brands Corporation is performing over time. The most recent quarter might be important if Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation with other companies in the same industry (Business Equipment & Supplies).
Net profit margin should rise over the years.
Can be influenced when Acco Brands Corporation sells assets (profit will increase while costs remain the same).
It won’t show what part of Acco Brands Corporation 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 Acco Brands Corporation

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 Acco Brands Corporation = -59,400
Total revenue MRQ Acco Brands Corporation = 488,600
$-59,400 / $488,600 = -0.12 or -12.2%

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 Acco Brands Corporation is using its assets to generate profit.

Above 5% is considered healthy but always compare Acco Brands Corporation to the Business Equipment & Supplies industry mean.
-2.2% Return on Assets means that Acco Brands Corporation generated $-0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Acco Brands Corporation:

The MRQ is -2.2%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -0.2%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-2.2%	TTM	-0.2%	-2.0%
TTM	-0.2%	YOY	-0.1%	-0.1%
TTM	-0.2%	5Y	0.4%	-0.6%
5Y	0.4%	10Y	0.7%	-0.3%

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	-2.2%	1.3%	-3.5%
TTM	-0.2%	1.4%	-1.6%
YOY	-0.1%	1.0%	-1.1%
5Y	0.4%	1.2%	-0.8%
10Y	0.7%	1.6%	-0.9%

Shows how efficient Acco Brands Corporation 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 Acco Brands Corporation to the Business Equipment & Supplies 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 Acco Brands Corporation is using its resources to generate profit. If the return on assets (-2.2%) from Acco Brands Corporation are higher than the Business Equipment & Supplies mean (1.3%) that means Acco Brands Corporation 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 Acco Brands Corporation is -2.2%. This means the company generated $-0.02 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Business Equipment & Supplies industry is 1.3%.
What is the trend?
The trend is important because it shows you how Acco Brands Corporation is performing over time. The most recent quarter might be important if Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation

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

Income statement
Balance sheet

Net income MRQ (income statement) from Acco Brands Corporation = -59,400
Total assets MRQ (balance sheet) from Acco Brands Corporation = 2,644,800
-59,400 / 2,644,800 = -0.02 or -2.2%

ROA is an important ratio as it will tell you how effectively Acco Brands Corporation 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 Acco Brands Corporation is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Acco Brands Corporation to the Business Equipment & Supplies industry mean.
-7.5% Return on Equity means Acco Brands Corporation generated $-0.08 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Acco Brands Corporation:

The MRQ is -7.5%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -0.8%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-7.5%	TTM	-0.8%	-6.8%
TTM	-0.8%	YOY	-0.6%	-0.2%
TTM	-0.8%	5Y	1.5%	-2.2%
5Y	1.5%	10Y	2.5%	-1.1%

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	-7.5%	2.4%	-9.9%
TTM	-0.8%	2.4%	-3.2%
YOY	-0.6%	2.0%	-2.6%
5Y	1.5%	2.2%	-0.7%
10Y	2.5%	2.8%	-0.3%

Shows how efficient Acco Brands Corporation 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 Acco Brands Corporation to the Business Equipment & Supplies 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 Business Equipment & Supplies 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 Acco Brands Corporation is -7.5%. This means Acco Brands Corporation generated $-0.08 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Business Equipment & Supplies industry is 2.4%.
What is the trend?
The trend is important because it shows you how Acco Brands Corporation is performing over time. The most recent quarter might be important if Acco Brands Corporation 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 Acco Brands Corporation up to 10 years back (depending if Acco Brands Corporation 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 Acco Brands Corporation

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Acco Brands Corporation = -59,400
Shareholders equity (balance sheet) MRQ Acco Brands Corporation = 787,000
-59,400 / 787,000 = -0.08 or -7.5%

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 Acco Brands Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Acco Brands Corporation is operating .

Measures how much profit Acco Brands Corporation 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 Acco Brands Corporation to the Business Equipment & Supplies industry mean.
An Operating Margin of 10.4% means the company generated $0.10 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Acco Brands Corporation:

The MRQ is 10.4%. The company is operating less efficient.
The TTM is 8.6%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	10.4%	TTM	8.6%	+1.7%
TTM	8.6%	YOY	8.0%	+0.6%
TTM	8.6%	5Y	8.7%	-0.1%
5Y	8.7%	10Y	9.7%	-1.0%

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	10.4%	3.7%	+6.7%
TTM	8.6%	2.8%	+5.8%
YOY	8.0%	4.6%	+3.4%
5Y	8.7%	4.9%	+3.8%
10Y	9.7%	4.0%	+5.7%

Measures how efficient Acco Brands Corporation 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 Acco Brands Corporation to the Business Equipment & Supplies 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 Acco Brands Corporation 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 Acco Brands Corporation is 10.4%. This means that Acco Brands Corporation earned $0.10 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Business Equipment & Supplies industry is 3.7%.
What is the trend?
The trend is important because it shows you how Acco Brands Corporation is performing over time. The most recent quarter might be important if Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Acco Brands Corporation = -52,800
Total revenue MRQ Acco Brands Corporation = 488,600
$-52,800 / $488,600 = 0.10 or 10.4%

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 Acco Brands Corporation is keeping operating costs low.

Below 1 is considered healthy (always compare to Business Equipment & Supplies industry mean).
An Operation Ratio of 0.89 means that the operating costs are $0.89 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Acco Brands Corporation:

The MRQ is 0.886. The company is less efficient in keeping operating costs low.
The TTM is 0.916. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.886	TTM	0.916	-0.030
TTM	0.916	YOY	0.933	-0.017
TTM	0.916	5Y	0.918	-0.002
5Y	0.918	10Y	0.909	+0.009

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	0.886	1.544	-0.658
TTM	0.916	1.505	-0.589
YOY	0.933	1.541	-0.608
5Y	0.918	1.516	-0.598
10Y	0.909	1.269	-0.360

Measures how efficient Acco Brands Corporation 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 Acco Brands Corporation to the Business Equipment & Supplies 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 Acco Brands Corporation is 88.6%. This means that Acco Brands Corporation earned $0.89 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 Business Equipment & Supplies industry is 1.54.
What is the trend?
The trend is important because it shows you how Acco Brands Corporation is performing over time. The most recent quarter might be important if Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation

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
(318,600 +114,200) \ 488,600 = 0.89

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 Acco Brands Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Acco Brands Corporation is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Business Equipment & Supplies industry mean).
A Current Ratio of 1.58 means the company has $1.58 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Acco Brands Corporation:

The MRQ is 1.578. The company is able to pay all its short-term debts. +1
The TTM is 1.687. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.578	TTM	1.687	-0.109
TTM	1.687	YOY	1.690	-0.003
TTM	1.687	5Y	1.624	+0.063
5Y	1.624	10Y	1.724	-0.100

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	1.578	1.792	-0.214
TTM	1.687	1.861	-0.174
YOY	1.690	1.766	-0.076
5Y	1.624	1.849	-0.225
10Y	1.724	1.679	+0.045

Measures if Acco Brands Corporation 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 Business Equipment & Supplies 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 Acco Brands Corporation 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 Acco Brands Corporation is 1.58. This means Acco Brands Corporation has $1.58 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Business Equipment & Supplies industry is 1.79.
What is the trend?
The trend is important because it shows you how Acco Brands Corporation is performing over time. The most recent quarter might be important if Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
855,400 \ 542,000) = 1.58

The current ratio measures if Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Acco Brands Corporation to the Business Equipment & Supplies industry mean.
A Quick Ratio of 0.92 means the company can pay off $0.92 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Acco Brands Corporation:

The MRQ is 0.917. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.886. 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	0.917	TTM	0.886	+0.031
TTM	0.886	YOY	0.811	+0.075
TTM	0.886	5Y	0.843	+0.043
5Y	0.843	10Y	0.941	-0.099

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	0.917	0.739	+0.178
TTM	0.886	0.782	+0.104
YOY	0.811	0.811	+0.000
5Y	0.843	0.864	-0.021
10Y	0.941	0.855	+0.086

Measures if Acco Brands Corporation 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 Acco Brands Corporation to the Business Equipment & Supplies 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 Acco Brands Corporation can pay off its short term debts. This shows if Acco Brands Corporation 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 Acco Brands Corporation is 0.92. This means that Acco Brands Corporation can pay off $0.92 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Business Equipment & Supplies industry is 0.74.
What is the trend?
The trend is important because it shows you how Acco Brands Corporation is performing over time. The most recent quarter might be important if Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation

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 Acco Brands Corporation: (66,400 + 0 +430,700) / 542,000 = 0.92

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 Acco Brands Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Acco Brands Corporation assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Acco Brands Corporation to Business Equipment & Supplies industry mean.
A Debt to Asset Ratio of 0.70 means that Acco Brands Corporation assets are financed with 70.2% credit (debt) and the remaining percentage (100% - 70.2%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Acco Brands Corporation:

The MRQ is 0.702. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.702. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.702	TTM	0.702	+0.001
TTM	0.702	YOY	0.717	-0.015
TTM	0.702	5Y	0.726	-0.025
5Y	0.726	10Y	0.718	+0.009

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	0.702	0.447	+0.255
TTM	0.702	0.429	+0.273
YOY	0.717	0.408	+0.309
5Y	0.726	0.420	+0.306
10Y	0.718	0.428	+0.290

Measures how much % of Acco Brands Corporation assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Acco Brands Corporation than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Acco Brands Corporation to Business Equipment & Supplies 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 Acco Brands Corporation is 0.70. This means means that Acco Brands Corporation is financed with 70.2% 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 Business Equipment & Supplies industry is 179.2%.
What is the trend?
The trend is important because it shows you how Acco Brands Corporation is performing over time. The most recent quarter might be important if Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Acco Brands Corporation

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

Balance sheet
Debt to asset ratio = total debt \ total assets
1,857,800 \ 2,644,800 = 70.2% or 0.70.

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 Acco Brands Corporation is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Acco Brands Corporation to the Business Equipment & Supplies industry mean.
A Debt to Equity ratio of 236.1% means that company has $2.36 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Acco Brands Corporation:

The MRQ is 2.361. The company is just not able to pay all its debts with equity.
The TTM is 2.354. The company is just not able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	2.361	TTM	2.354	+0.007
TTM	2.354	YOY	2.532	-0.179
TTM	2.354	5Y	2.670	-0.316
5Y	2.670	10Y	2.568	+0.102

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	2.361	0.848	+1.513
TTM	2.354	0.796	+1.558
YOY	2.532	0.742	+1.790
5Y	2.670	0.812	+1.858
10Y	2.568	0.734	+1.834

Measures if Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation is 2.36. This means that Acco Brands Corporation can pay off $2.36 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Business Equipment & Supplies industry is 0.85.
What is the trend?
The trend is important because it shows you how Acco Brands Corporation is performing over time. The most recent quarter might be important if Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,857,800 \ 787,000 = 2.36 or 236.1%

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 Acco Brands Corporation

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 Acco Brands Corporation generates.

Above 15 is considered overpriced but always compare Acco Brands Corporation to the Business Equipment & Supplies industry mean.
A PE ratio of -2.44 means the investor is paying $-2.44 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Acco Brands Corporation:

The EOD is -2.000. Based on the earnings, the company is expensive. -2
The MRQ is -2.441. Based on the earnings, the company is expensive. -2
The TTM is -5.625. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-2.000	MRQ	-2.441	+0.442
MRQ	-2.441	TTM	-5.625	+3.184
TTM	-5.625	YOY	-15.451	+9.826
TTM	-5.625	5Y	-18.006	+12.381
5Y	-18.006	10Y	-1.595	-16.411

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
EOD	-2.000	14.217	-16.217
MRQ	-2.441	13.987	-16.428
TTM	-5.625	14.880	-20.505
YOY	-15.451	15.772	-31.223
5Y	-18.006	17.786	-35.792
10Y	-1.595	28.906	-30.501

Measures how much money you pay for each share for every $1 in earnings Acco Brands Corporation 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 Acco Brands Corporation to the Business Equipment & Supplies 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 Acco Brands Corporation is -2.44. This means the investor is paying $-2.44 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Business Equipment & Supplies industry is 13.99.
What is the trend?
The trend is important because it shows you how Acco Brands Corporation is performing over time. The most recent quarter might be important if Acco Brands Corporation 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 Acco Brands Corporation 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 Acco Brands Corporation

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 \ 95,400 = EPS
PE ratio MRQ = -2.44

* 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 Acco Brands Corporation:

The EOD is 2.204. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 2.690. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is -1.806. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	2.204	MRQ	2.690	-0.487
MRQ	2.690	TTM	-1.806	+4.497
TTM	-1.806	YOY	15.029	-16.835
TTM	-1.806	5Y	1.702	-3.509
5Y	1.702	10Y	1.828	-0.125

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
EOD	2.204	6.324	-4.120
MRQ	2.690	6.396	-3.706
TTM	-1.806	2.556	-4.362
YOY	15.029	5.941	+9.088
5Y	1.702	1.645	+0.057
10Y	1.828	5.860	-4.032

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Acco Brands Corporation is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Business Equipment & Supplies industry mean).
A PB ratio of 0.74 means the investor is paying $0.74 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Acco Brands Corporation:

The EOD is 0.604. Based on the equity, the company is cheap. +2
The MRQ is 0.737. Based on the equity, the company is cheap. +2
The TTM is 0.657. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.604	MRQ	0.737	-0.133
MRQ	0.737	TTM	0.657	+0.080
TTM	0.657	YOY	0.714	-0.058
TTM	0.657	5Y	0.891	-0.234
5Y	0.891	10Y	1.214	-0.323

Compared to industry (Business Equipment & Supplies)

Period	Company	Industry (mean)	+/-
EOD	0.604	1.664	-1.060
MRQ	0.737	1.831	-1.094
TTM	0.657	1.879	-1.222
YOY	0.714	1.984	-1.270
5Y	0.891	2.122	-1.231
10Y	1.214	2.619	-1.405

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Acco Brands Corporation.

3.1. Institutions holding Acco Brands Corporation

Institutions are holding 85.313% of the shares of Acco Brands Corporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	9.7186	0.0012	9225671	218454	2.4253
2023-12-31	BlackRock Inc	7.9464	0.0012	7543342	366898	5.1125
2023-12-31	Dimensional Fund Advisors, Inc.	6.1099	0.0103	5799983	-147054	-2.4727
2023-12-31	Wellington Management Company LLP	5.7755	0.0062	5482552	-92145	-1.6529
2023-12-31	Allspring Global Investments Holdings, LLC	5.3364	0.0511	5065778	6362	0.1257
2023-12-31	LSV Asset Management	3.5456	0.0447	3365800	-66900	-1.9489
2023-12-31	Charles Schwab Investment Management Inc	2.5514	0.0037	2422023	68416	2.9069
2023-12-31	State Street Corporation	2.2212	0.0006	2108504	92727	4.6001
2023-12-31	Geode Capital Management, LLC	2.0875	0.0013	1981633	83215	4.3834
2023-12-31	Royal Bank of Canada	1.9868	0.0027	1886049	-133138	-6.5936
2023-12-31	Goldman Sachs Group Inc	1.9247	0.001	1827114	847512	86.516
2023-12-31	Morgan Stanley - Brokerage Accounts	1.7882	0.0009	1697511	-388417	-18.6208
2023-12-31	Hotchkis & Wiley Capital Management LLC	1.707	0.0351	1620379	148410	10.0824
2023-12-31	Millennium Management LLC	1.6236	0.0041	1541218	-713688	-31.6505
2023-12-31	Arrowstreet Capital Limited Partnership	1.4331	0.0087	1360451	1121	0.0825
2023-12-31	Medina Singh Partners, LLC	1.4264	5.0739	1354070	16651	1.245
2023-12-31	AQR Capital Management LLC	1.4186	0.0154	1346638	-51636	-3.6928
2023-12-31	Bank of New York Mellon Corp	1.2807	0.0015	1215717	-35627	-2.8471
2023-12-31	Assenagon Asset Management SA	1.1455	0.0176	1087359	-100245	-8.4409
2023-12-31	Ameriprise Financial Inc	1.1013	0.0019	1045420	39735	3.951
Total		62.1284	5.2831	58977212	+160651	+0.3%

3.2. Funds holding Acco Brands Corporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Allspring Special Small Cap Value A	4.4156	0.4163	4191618	69700	1.691
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.8443	0.001	2700003	0	0
2024-02-29	Vanguard Small Cap Index	2.4487	0.0092	2324518	21450	0.9314
2024-03-28	iShares Russell 2000 ETF	2.3612	0.0192	2241460	1080	0.0482
2024-02-29	Vanguard Small Cap Value Index Inv	1.6729	0.0167	1588103	6576	0.4158
2024-02-29	DFA US Small Cap Value I	1.609	0.0554	1527415	0	0
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4506	0.0075	1377014	687	0.0499
2024-03-29	Schwab Fundamental US Small Company ETF	1.4363	0.0917	1363446	0	0
2024-01-31	JHancock Small Cap Value NAV	1.0393	1.1172	986630	0	0
2024-01-31	Fidelity Small Cap Index	0.9793	0.0228	929636	12090	1.3176
2023-12-31	Foundry Partners Micro Cap Value	0.924	0.9951	877185	0	0
2024-03-28	iShares Russell 2000 Value ETF	0.9166	0.0389	870081	-552	-0.0634
2024-01-31	JHVIT Small Cap Value NAV	0.8673	1.119	823268	0	0
2023-12-31	Wellington CIF Small Cap Value	0.7083	1.0759	672350	-24666	-3.5388
2024-02-29	DFA US Targeted Value I	0.6964	0.0286	661109	62534	10.4471
2024-03-29	Dimensional US Targeted Value ETF	0.6135	0.0325	582375	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.6133	0.0078	582152	17300	3.0627
2024-02-29	DFA US Micro Cap I	0.6113	0.0452	580321	-32297	-5.272
2023-12-31	Columbia Small Cap Value I	0.5844	0.2471	554721	6400	1.1672
2024-02-29	Columbia Small Cap Value I A	0.5837	0.2323	554121	-4300	-0.77
Total		27.376	5.5794	25987526	+136002	+0.5%

3.3. Insider Transactions

Insiders are holding 3.235% of the shares of Acco Brands Corporation.

Date	Owner	Type	Amount	Price	Post Transaction Amount	Link
2023-08-21	Gregory J Mccormack	SELL	11723	5.16

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Acco Brands Corporation 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	-	-	-0.417	-0.054	-87%	-0.101	-76%	0.033	-1369%	0.055	-859%
Book Value Per Share	-	-	8.249	8.517	-3%	8.705	-5%	8.109	+2%	7.207	+14%
Current Ratio	-	-	1.578	1.687	-6%	1.690	-7%	1.624	-3%	1.724	-8%
Debt To Asset Ratio	-	-	0.702	0.702	+0%	0.717	-2%	0.726	-3%	0.718	-2%
Debt To Equity Ratio	-	-	2.361	2.354	+0%	2.532	-7%	2.670	-12%	2.568	-8%
Dividend Per Share	-	-	0.074	0.093	-20%	0.074	0%	0.072	+4%	0.043	+72%
Eps	-	-	-0.623	-0.058	-91%	-0.038	-94%	0.119	-624%	0.176	-454%
Free Cash Flow Per Share	-	-	0.565	0.298	+90%	0.163	+247%	0.306	+85%	0.328	+72%
Free Cash Flow To Equity Per Share	-	-	-0.104	-0.005	-95%	0.032	-420%	0.186	-156%	0.189	-155%
Gross Profit Margin	-	-	1.000	1.000	0%	-0.447	+145%	0.711	+41%	0.855	+17%
Intrinsic Value_10Y_max	-	-	11.713	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-11.090	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.295	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.715	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	3.799	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	0.579	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	6.191	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-1.275	-	-	-	-	-	-	-	-
Market Cap	472742953.920	-23%	580032000.000	535457894.320	+8%	601433422.400	-4%	697020513.344	-17%	883976656.672	-34%
Net Profit Margin	-	-	-0.122	-0.011	-91%	-0.009	-93%	0.022	-647%	0.038	-416%
Operating Margin	-	-	0.104	0.086	+20%	0.080	+29%	0.087	+19%	0.097	+7%
Operating Ratio	-	-	0.886	0.916	-3%	0.933	-5%	0.918	-3%	0.909	-3%
Pb Ratio	0.604	-22%	0.737	0.657	+12%	0.714	+3%	0.891	-17%	1.214	-39%
Pe Ratio	-2.000	+18%	-2.441	-5.625	+130%	-15.451	+533%	-18.006	+638%	-1.595	-35%
Price Per Share	4.980	-22%	6.080	5.588	+9%	6.255	-3%	7.168	-15%	8.437	-28%
Price To Free Cash Flow Ratio	2.204	-22%	2.690	-1.806	+167%	15.029	-82%	1.702	+58%	1.828	+47%
Price To Total Gains Ratio	-14.558	+18%	-17.774	22.542	-179%	-4.649	-74%	11.666	-252%	23.560	-175%
Quick Ratio	-	-	0.917	0.886	+4%	0.811	+13%	0.843	+9%	0.941	-3%
Return On Assets	-	-	-0.022	-0.002	-90%	-0.001	-94%	0.004	-681%	0.007	-412%
Return On Equity	-	-	-0.075	-0.008	-90%	-0.006	-92%	0.015	-619%	0.025	-396%
Total Gains Per Share	-	-	-0.342	0.039	-968%	-0.027	-92%	0.105	-427%	0.098	-448%
Usd Book Value	-	-	787000000.000	816300000.000	-4%	836450000.000	-6%	786555000.000	+0%	741352500.000	+6%
Usd Book Value Change Per Share	-	-	-0.417	-0.054	-87%	-0.101	-76%	0.033	-1369%	0.055	-859%
Usd Book Value Per Share	-	-	8.249	8.517	-3%	8.705	-5%	8.109	+2%	7.207	+14%
Usd Dividend Per Share	-	-	0.074	0.093	-20%	0.074	0%	0.072	+4%	0.043	+72%
Usd Eps	-	-	-0.623	-0.058	-91%	-0.038	-94%	0.119	-624%	0.176	-454%
Usd Free Cash Flow	-	-	53900000.000	28725000.000	+88%	15275000.000	+253%	29470000.000	+83%	33927500.000	+59%
Usd Free Cash Flow Per Share	-	-	0.565	0.298	+90%	0.163	+247%	0.306	+85%	0.328	+72%
Usd Free Cash Flow To Equity Per Share	-	-	-0.104	-0.005	-95%	0.032	-420%	0.186	-156%	0.189	-155%
Usd Market Cap	472742953.920	-23%	580032000.000	535457894.320	+8%	601433422.400	-4%	697020513.344	-17%	883976656.672	-34%
Usd Price Per Share	4.980	-22%	6.080	5.588	+9%	6.255	-3%	7.168	-15%	8.437	-28%
Usd Profit	-	-	-59400000.000	-5450000.000	-91%	-3300000.000	-94%	11785000.000	-604%	18677500.000	-418%
Usd Revenue	-	-	488600000.000	458200000.000	+7%	486900000.000	+0%	470830000.000	+4%	451582500.000	+8%
Usd Total Gains Per Share	-	-	-0.342	0.039	-968%	-0.027	-92%	0.105	-427%	0.098	-448%
	EOD	+4 -4	MRQ	TTM	+10 -25	YOY	+12 -24	5Y	+17 -19	10Y	+17 -19

4.2. Fundamental Score

Let's check the fundamental score of Acco Brands Corporation based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-2.000
Price to Book Ratio (EOD)	Between	0-1	0.604
Net Profit Margin (MRQ)	Greater than	0	-0.122
Operating Margin (MRQ)	Greater than	0	0.104
Quick Ratio (MRQ)	Greater than	1	0.917
Current Ratio (MRQ)	Greater than	1	1.578
Debt to Asset Ratio (MRQ)	Less than	1	0.702
Debt to Equity Ratio (MRQ)	Less than	1	2.361
Return on Equity (MRQ)	Greater than	0.15	-0.075
Return on Assets (MRQ)	Greater than	0.05	-0.022
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 Acco Brands Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	37.372
Ma 20	Greater than	Ma 50	5.184
Ma 50	Greater than	Ma 100	5.485
Ma 100	Greater than	Ma 200	5.670
Open	Greater than	Close	4.960
Total			1/5 (20.0%)

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
Operating Income	49,000	-35,100	13,900	41,300	55,200	-23,000	32,200	-85,000	-52,800
Tax Provision	9,900	-9,500	400	15,200	15,600	-8,900	6,700	-20,700	-14,000
Income Tax Expense	9,900	-9,500	400	15,200	15,600	-8,900	6,700	-20,700	-14,000

Latest Balance Sheet

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

Summary

Total Assets	2,644,800
Total Liabilities	1,857,800
Total Stockholder Equity	787,000

	As reported
Total Liabilities	1,857,800
Total Stockholder Equity	+ 787,000
Total Assets	= 2,644,800

Assets

Total Assets	2,644,800
Total Current Assets	855,400
Long-term Assets	1,789,400

Total Current Assets

Total Current Assets (as reported)	855,400
Cash And Cash Equivalents	66,400
Net Receivables	430,700
Inventory	327,500
Other Current Assets	30,800
Total Current Assets (calculated)	855,400
+/-	0

Long-term Assets

Long-term Assets (as reported)	1,789,400
Property Plant Equipment	261,100
Goodwill	590,000
Intangible Assets	815,700
Long-term Assets Other	14,700
Long-term Assets (calculated)	1,681,500
+/-	107,900

Liabilities & Shareholders' Equity

Total Current Liabilities	542,000
Long-term Liabilities	1,315,800
Total Stockholder Equity	787,000

Total Current Liabilities

Total Current Liabilities (as reported)	542,000
Short-term Debt	57,200
Short Long Term Debt	36,700
Accounts payable	183,700
Other Current Liabilities	143,800
Total Current Liabilities (calculated)	421,400
+/-	120,600

Long-term Liabilities

Long-term Liabilities (as reported)	1,315,800
Long term Debt	882,200
Capital Lease Obligations	97,300
Long-term Liabilities Other	73,600
Long-term Liabilities (calculated)	1,053,100
+/-	262,700

Total Stockholder Equity

Total Stockholder Equity (as reported)	787,000
Common Stock	1,000
Retained Earnings	-556,000
Accumulated Other Comprehensive Income	-526,300
Other Stockholders Equity	1,868,300
Total Stockholder Equity (calculated)	787,000
+/-	0

Other

Capital Stock	1,000
Cash and Short Term Investments	66,400
Common Stock Shares Outstanding	95,400
Current Deferred Revenue	157,300
Liabilities and Stockholders Equity	2,644,800
Net Debt	949,800
Net Invested Capital	1,705,900
Net Working Capital	313,400
Property Plant and Equipment Gross	690,600
Short Long Term Debt Total	1,016,200

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

> Total Assets

820,639
784,189
777,744
761,308
728,428
716,722
704,544
719,170
687,793
573,136
567,347
551,978
552,029
542,664
546,337
530,583
531,602
537,802
536,654
540,414
545,198
877,500
1,884,100
1,929,500
1,880,200
1,891,000
1,867,100
1,849,600
1,807,000
1,863,200
1,889,700
1,898,500
1,887,700
1,814,200
1,657,700
1,282,200
1,199,800
1,100,100
1,078,000
1,106,800
1,062,700
1,064,000
1,097,300
1,149,600
1,094,200
1,135,800
1,050,300
1,116,700
1,044,900
2,527,400
2,552,700
2,507,700
2,400,900
2,462,000
2,389,600
2,382,900
2,302,500
2,415,000
2,309,500
2,226,400
2,046,500
2,194,300
2,026,700
1,953,400
1,939,700
2,224,500
2,156,600
2,064,500
2,698,100
2,883,300
2,856,700
2,799,100
2,754,700
2,847,600
2,803,200
2,786,400
2,827,400
2,952,800
2,722,100
2,788,600
2,653,200
2,776,600
2,695,800
3,048,700
3,001,700
3,174,200
3,072,000
3,091,300
3,100,500
3,090,900
2,829,200
2,794,700
2,792,800
2,825,800
2,683,700
2,644,800

2,644,800

2,683,700

2,825,800

2,792,800

2,794,700

2,829,200

3,090,900

3,100,500

3,091,300

3,072,000

3,174,200

3,001,700

3,048,700

2,695,800

2,776,600

2,653,200

2,788,600

2,722,100

2,952,800

2,827,400

2,786,400

2,803,200

2,847,600

2,754,700

2,799,100

2,856,700

2,883,300

2,698,100

2,064,500

2,156,600

2,224,500

1,939,700

1,953,400

2,026,700

2,194,300

2,046,500

2,226,400

2,309,500

2,415,000

2,302,500

2,382,900

2,389,600

2,462,000

2,400,900

2,507,700

2,552,700

2,527,400

1,044,900

1,116,700

1,050,300

1,135,800

1,094,200

1,149,600

1,097,300

1,064,000

1,062,700

1,106,800

1,078,000

1,100,100

1,199,800

1,282,200

1,657,700

1,814,200

1,887,700

1,898,500

1,889,700

1,863,200

1,807,000

1,849,600

1,867,100

1,891,000

1,880,200

1,929,500

1,884,100

877,500

545,198

540,414

536,654

537,802

531,602

530,583

546,337

542,664

552,029

551,978

567,347

573,136

687,793

719,170

704,544

716,722

728,428

761,308

777,744

784,189

820,639

> Total Current Assets

364,561
333,285
333,958
320,625
296,955
290,607
284,433
305,052
278,272
272,148
273,268
265,299
265,159
257,077
263,597
258,113
262,783
272,876
272,560
272,180
280,985
504,700
850,000
861,000
822,300
839,200
818,400
822,200
776,000
818,300
822,000
821,900
787,700
775,200
716,900
664,700
601,500
559,100
528,100
537,100
507,700
523,800
545,400
620,700
567,000
624,100
553,800
622,900
554,900
933,100
920,000
874,300
775,900
875,800
819,200
841,700
768,800
876,600
824,400
778,800
670,000
810,400
710,100
653,600
624,300
792,300
739,800
670,700
741,700
914,400
865,100
829,600
784,800
944,000
896,600
880,200
867,400
973,200
772,900
806,000
738,000
867,400
765,000
728,200
779,800
938,500
886,600
924,900
955,000
1,043,300
914,200
882,300
894,600
954,100
835,000
855,400

855,400

835,000

954,100

894,600

882,300

914,200

1,043,300

955,000

924,900

886,600

938,500

779,800

728,200

765,000

867,400

738,000

806,000

772,900

973,200

867,400

880,200

896,600

944,000

784,800

829,600

865,100

914,400

741,700

670,700

739,800

792,300

624,300

653,600

710,100

810,400

670,000

778,800

824,400

876,600

768,800

841,700

819,200

875,800

775,900

874,300

920,000

933,100

554,900

622,900

553,800

624,100

567,000

620,700

545,400

523,800

507,700

537,100

528,100

559,100

601,500

664,700

716,900

775,200

787,700

821,900

822,000

818,300

776,000

822,200

818,400

839,200

822,300

861,000

850,000

504,700

280,985

272,180

272,560

272,876

262,783

258,113

263,597

257,077

265,159

265,299

273,268

272,148

278,272

305,052

284,433

290,607

296,955

320,625

333,958

333,285

364,561

Cash And Cash Equivalents

9,934
6,767
8,375
9,137
5,806
4,372
5,469
59,936
18,422
19,362
14,988
18,251
12,080
6,996
11,271
9,568
5,565
3,948
7,924
6,259
7,717
18,200
71,000
91,100
63,900
41,200
49,300
50,000
31,000
35,900
44,100
42,300
38,600
34,200
34,700
18,100
17,600
33,000
23,900
43,600
27,700
34,500
14,300
83,200
19,900
92,700
41,300
121,200
74,200
94,500
125,000
50,000
102,100
95,300
70,800
53,500
95,300
92,300
72,500
53,200
90,800
86,900
70,900
55,400
102,400
96,200
101,000
42,900
118,300
102,200
101,300
76,900
122,700
139,200
95,000
67,000
100,500
94,100
37,700
27,800
93,400
128,800
85,800
36,600
75,100
77,900
58,100
41,200
91,300
91,700
78,000
62,200
127,100
82,400
73,700
66,400

66,400

73,700

82,400

127,100

62,200

78,000

91,700

91,300

41,200

58,100

77,900

75,100

36,600

85,800

128,800

93,400

27,800

37,700

94,100

100,500

67,000

95,000

139,200

122,700

76,900

101,300

102,200

118,300

42,900

101,000

96,200

102,400

55,400

70,900

86,900

90,800

53,200

72,500

92,300

95,300

53,500

70,800

95,300

102,100

50,000

125,000

94,500

74,200

121,200

41,300

92,700

19,900

83,200

14,300

34,500

27,700

43,600

23,900

33,000

17,600

18,100

34,700

34,200

38,600

42,300

44,100

35,900

31,000

50,000

49,300

41,200

63,900

91,100

71,000

18,200

7,717

6,259

7,924

3,948

5,565

9,568

11,271

6,996

12,080

18,251

14,988

19,362

18,422

59,936

5,469

4,372

5,806

9,137

8,375

6,767

9,934

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
519,000
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

519,000

Net Receivables

169,091
155,809
155,928
149,784
142,783
140,313
136,401
114,606
130,918
126,913
127,810
121,709
125,140
125,546
127,744
128,391
129,370
130,359
123,774
141,445
146,973
267,000
426,700
438,900
403,500
403,100
405,800
427,400
381,600
393,000
394,300
415,300
356,200
356,000
329,500
274,800
245,900
256,700
254,400
259,900
241,400
239,200
262,600
283,200
274,500
269,400
254,500
269,500
235,100
415,300
415,500
498,700
307,200
386,700
394,500
471,900
290,500
375,200
386,800
420,500
232,400
335,600
323,800
369,300
226,600
350,800
344,700
391,000
295,100
419,000
418,400
469,300
316,100
432,200
421,200
428,400
318,100
460,500
377,400
453,700
298,900
358,300
343,700
356,000
307,800
409,800
362,600
416,100
341,700
423,900
351,300
384,100
303,800
426,100
351,700
430,700

430,700

351,700

426,100

303,800

384,100

351,300

423,900

341,700

416,100

362,600

409,800

307,800

356,000

343,700

358,300

298,900

453,700

377,400

460,500

318,100

428,400

421,200

432,200

316,100

469,300

418,400

419,000

295,100

391,000

344,700

350,800

226,600

369,300

323,800

335,600

232,400

420,500

386,800

375,200

290,500

471,900

394,500

386,700

307,200

498,700

415,500

415,300

235,100

269,500

254,500

269,400

274,500

283,200

262,600

239,200

241,400

259,900

254,400

256,700

245,900

274,800

329,500

356,000

356,200

415,300

394,300

393,000

381,600

427,400

405,800

403,100

403,500

438,900

426,700

267,000

146,973

141,445

123,774

130,359

129,370

128,391

127,744

125,546

125,140

121,709

127,810

126,913

130,918

114,606

136,401

140,313

142,783

149,784

155,928

155,809

169,091

Inventory

126,468
126,663
126,438
122,736
110,234
106,307
104,360
97,982
92,447
89,740
92,273
91,920
89,542
88,940
90,093
86,240
93,897
104,729
106,184
97,996
100,359
187,800
280,900
268,200
268,600
303,000
282,400
277,600
288,100
315,100
307,400
299,400
317,400
310,400
282,000
266,500
239,000
229,600
214,000
202,400
198,900
213,400
233,300
216,100
226,000
221,600
217,700
197,700
202,800
352,400
319,500
265,500
288,100
323,300
291,000
254,700
298,600
329,400
286,200
229,900
273,100
314,100
251,600
203,600
260,300
303,200
263,500
210,000
287,300
332,400
307,200
254,200
294,500
319,200
332,100
340,600
399,700
370,700
312,500
283,300
291,600
336,000
300,500
305,100
351,200
382,500
413,900
428,000
471,400
471,500
431,000
395,200
422,500
398,000
368,500
327,500

327,500

368,500

398,000

422,500

395,200

431,000

471,500

471,400

428,000

413,900

382,500

351,200

305,100

300,500

336,000

291,600

283,300

312,500

370,700

399,700

340,600

332,100

319,200

294,500

254,200

307,200

332,400

287,300

210,000

263,500

303,200

260,300

203,600

251,600

314,100

273,100

229,900

286,200

329,400

298,600

254,700

291,000

323,300

288,100

265,500

319,500

352,400

202,800

197,700

217,700

221,600

226,000

216,100

233,300

213,400

198,900

202,400

214,000

229,600

239,000

266,500

282,000

310,400

317,400

299,400

307,400

315,100

288,100

277,600

282,400

303,000

268,600

268,200

280,900

187,800

100,359

97,996

106,184

104,729

93,897

86,240

90,093

88,940

89,542

91,920

92,273

89,740

92,447

97,982

104,360

106,307

110,234

122,736

126,438

126,663

126,468

Other Current Assets

28,283
23,042
21,446
3,683
12,660
14,148
12,691
5,106
5,200
9,123
14,234
5,707
17,243
13,873
13,036
4,997
12,411
11,831
12,227
6,809
13,849
24,100
38,900
25,300
45,100
50,100
44,700
30,000
38,700
36,700
37,500
29,800
40,500
38,500
36,600
72,300
67,800
30,900
27,100
21,400
30,600
28,200
27,400
25,300
33,900
31,600
32,600
26,900
34,700
49,800
39,400
29,000
50,800
45,500
32,200
28,100
53,800
49,000
41,600
35,800
39,500
40,100
30,500
25,300
35,000
42,100
30,600
26,800
41,000
60,800
38,200
29,200
51,500
53,400
48,300
44,200
49,100
47,900
45,300
41,200
54,100
44,300
35,000
30,500
45,700
68,300
52,000
39,600
50,600
56,200
53,900
40,800
41,200
47,600
41,100
30,800

30,800

41,100

47,600

41,200

40,800

53,900

56,200

50,600

39,600

52,000

68,300

45,700

30,500

35,000

44,300

54,100

41,200

45,300

47,900

49,100

44,200

48,300

53,400

51,500

29,200

38,200

60,800

41,000

26,800

30,600

42,100

35,000

25,300

30,500

40,100

39,500

35,800

41,600

49,000

53,800

28,100

32,200

45,500

50,800

29,000

39,400

49,800

34,700

26,900

32,600

31,600

33,900

25,300

27,400

28,200

30,600

21,400

27,100

30,900

67,800

72,300

36,600

38,500

40,500

29,800

37,500

36,700

38,700

30,000

44,700

50,100

45,100

25,300

38,900

24,100

13,849

6,809

12,227

11,831

12,411

4,997

13,036

13,873

17,243

5,707

14,234

9,123

5,200

5,106

12,691

14,148

12,660

3,683

21,446

23,042

28,283

> Long-term Assets

456,078
450,904
443,786
440,683
431,473
426,115
420,111
414,118
409,521
300,988
294,079
286,679
286,870
285,587
282,740
272,470
268,819
264,926
264,094
268,234
264,213
372,800
1,034,100
1,068,500
1,057,900
1,051,800
1,048,700
1,027,400
1,031,000
1,044,900
1,067,700
1,076,600
1,100,000
1,039,000
940,800
617,500
598,300
541,000
549,900
569,700
555,000
540,200
551,900
528,900
527,200
511,700
496,500
493,800
490,000
1,594,300
1,632,700
1,633,400
1,625,000
1,586,200
1,570,400
1,541,200
1,533,700
1,538,400
1,485,100
1,447,600
1,376,500
1,383,900
1,316,600
1,299,800
1,315,400
1,432,200
1,416,800
1,393,800
1,956,400
1,968,900
1,991,600
1,969,500
1,969,900
1,903,600
1,906,600
1,906,200
1,960,000
1,979,600
1,949,200
1,982,600
1,915,200
1,909,200
1,930,800
2,320,500
2,221,900
2,235,700
2,185,400
2,166,400
2,145,500
2,047,600
1,915,000
1,912,400
1,898,200
1,871,700
1,848,700
1,789,400

1,789,400

1,848,700

1,871,700

1,898,200

1,912,400

1,915,000

2,047,600

2,145,500

2,166,400

2,185,400

2,235,700

2,221,900

2,320,500

1,930,800

1,909,200

1,915,200

1,982,600

1,949,200

1,979,600

1,960,000

1,906,200

1,906,600

1,903,600

1,969,900

1,969,500

1,991,600

1,968,900

1,956,400

1,393,800

1,416,800

1,432,200

1,315,400

1,299,800

1,316,600

1,383,900

1,376,500

1,447,600

1,485,100

1,538,400

1,533,700

1,541,200

1,570,400

1,586,200

1,625,000

1,633,400

1,632,700

1,594,300

490,000

493,800

496,500

511,700

527,200

528,900

551,900

540,200

555,000

569,700

549,900

541,000

598,300

617,500

940,800

1,039,000

1,100,000

1,076,600

1,067,700

1,044,900

1,031,000

1,027,400

1,048,700

1,051,800

1,057,900

1,068,500

1,034,100

372,800

264,213

268,234

264,094

264,926

268,819

272,470

282,740

285,587

286,870

286,679

294,079

300,988

409,521

414,118

420,111

426,115

431,473

440,683

443,786

450,904

456,078

Property Plant Equipment

138,805
136,815
133,407
135,108
131,702
129,246
126,535
124,612
117,396
116,452
112,289
110,026
104,360
98,224
95,785
94,986
91,495
87,864
86,160
84,693
77,965
154,700
246,700
239,800
234,700
229,200
227,400
217,200
207,600
215,700
225,000
238,300
243,200
228,300
211,000
194,800
186,600
190,600
186,900
181,100
173,200
164,900
167,400
163,500
162,600
159,200
151,800
147,200
142,600
269,200
272,300
273,600
269,800
268,100
258,400
253,300
253,900
253,900
242,700
235,500
223,300
225,300
210,600
209,100
208,000
206,400
202,100
198,400
282,500
282,200
281,800
279,600
280,300
266,300
266,200
263,700
343,900
358,300
355,200
369,000
342,700
334,400
326,800
330,600
313,300
309,100
303,500
319,800
314,900
292,800
273,700
273,900
267,300
263,100
254,600
261,100

261,100

254,600

263,100

267,300

273,900

273,700

292,800

314,900

319,800

303,500

309,100

313,300

330,600

326,800

334,400

342,700

369,000

355,200

358,300

343,900

263,700

266,200

266,300

280,300

279,600

281,800

282,200

282,500

198,400

202,100

206,400

208,000

209,100

210,600

225,300

223,300

235,500

242,700

253,900

253,300

258,400

268,100

269,800

273,600

272,300

269,200

142,600

147,200

151,800

159,200

162,600

163,500

167,400

164,900

173,200

181,100

186,900

190,600

186,600

194,800

211,000

228,300

243,200

238,300

225,000

215,700

207,600

217,200

227,400

229,200

234,700

239,800

246,700

154,700

77,965

84,693

86,160

87,864

91,495

94,986

95,785

98,224

104,360

110,026

112,289

116,452

117,396

124,612

126,535

129,246

131,702

135,108

133,407

136,815

138,805

Goodwill

279,801
277,845
274,533
273,016
269,041
267,263
264,926
261,247
0
0
0
0
0
0
0
0
0
0
0
0
0
0
400,500
433,800
431,900
443,200
440,700
438,300
439,100
444,800
451,900
415,200
422,300
386,200
350,600
139,500
136,800
141,100
142,900
143,400
143,000
140,100
144,000
144,400
147,400
139,800
136,200
135,000
136,400
538,500
568,300
589,400
590,600
577,800
575,500
568,300
570,700
576,600
558,200
544,900
518,900
523,500
498,100
496,900
508,100
598,600
595,600
587,100
697,400
687,300
677,900
669,200
667,900
685,100
684,400
708,900
706,900
708,300
709,700
718,600
717,700
714,000
723,400
827,400
799,700
807,300
804,200
802,500
798,900
779,200
666,900
671,500
671,900
662,000
664,800
590,000

590,000

664,800

662,000

671,900

671,500

666,900

779,200

798,900

802,500

804,200

807,300

799,700

827,400

723,400

714,000

717,700

718,600

709,700

708,300

706,900

708,900

684,400

685,100

667,900

669,200

677,900

687,300

697,400

587,100

595,600

598,600

508,100

496,900

498,100

523,500

518,900

544,900

558,200

576,600

570,700

568,300

575,500

577,800

590,600

589,400

568,300

538,500

136,400

135,000

136,200

139,800

147,400

144,400

144,000

140,100

143,000

143,400

142,900

141,100

136,800

139,500

350,600

386,200

422,300

415,200

451,900

444,800

439,100

438,300

440,700

443,200

431,900

433,800

400,500

261,247

264,926

267,263

269,041

273,016

274,533

277,845

279,801

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
117,300
0
0
0
117,600
117,100
115,900
643,800
674,400
238,200
237,100
234,500
233,600
232,000
230,700
230,900
229,800
229,400
215,800
209,600
149,900
149,300
148,800
147,500
145,800
143,000
140,100
140,300
138,200
137,700
135,100
132,400
130,400
129,600
657,900
656,700
646,600
639,900
624,900
616,900
607,000
603,800
602,100
584,700
571,400
549,300
547,500
525,500
520,900
522,600
583,000
575,200
565,700
834,800
841,900
848,400
839,900
838,100
801,100
802,000
787,000
776,200
771,800
756,800
758,600
725,900
724,300
726,800
977,000
947,900
947,300
919,400
902,200
896,100
864,600
838,500
847,000
842,400
833,200
814,400
815,700

815,700

814,400

833,200

842,400

847,000

838,500

864,600

896,100

902,200

919,400

947,300

947,900

977,000

726,800

724,300

725,900

758,600

756,800

771,800

776,200

787,000

802,000

801,100

838,100

839,900

848,400

841,900

834,800

565,700

575,200

583,000

522,600

520,900

525,500

547,500

549,300

571,400

584,700

602,100

603,800

607,000

616,900

624,900

639,900

646,600

656,700

657,900

129,600

130,400

132,400

135,100

137,700

138,200

140,300

140,100

143,000

145,800

147,500

148,800

149,300

149,900

209,600

215,800

229,400

229,800

230,900

230,700

232,000

233,600

234,500

237,100

238,200

674,400

643,800

115,900

117,100

117,600

117,300

Long-term Assets Other

37,472
36,244
35,846
32,559
30,730
29,606
28,650
28,259
25,459
27,832
25,522
19,695
26,322
30,847
30,611
25,476
26,672
27,111
27,900
33,158
36,075
90,000
143,600
136,900
132,900
134,500
135,700
59,100
71,500
72,000
83,600
101,400
109,500
112,900
90,200
51,000
49,800
54,200
67,000
67,900
65,800
64,100
69,300
72,200
68,300
66,600
63,700
64,500
63,800
94,600
97,900
87,400
82,300
73,700
78,200
75,300
68,100
70,000
68,600
64,100
57,100
56,800
53,200
47,800
51,600
16,700
16,600
15,300
18,100
18,700
40,400
42,900
50,700
33,000
35,800
31,500
26,700
32,600
22,500
17,400
19,700
24,900
36,500
49,000
36,600
40,300
31,700
26,000
22,600
6,000
14,300
15,400
15,200
15,100
15,500
14,700

14,700

15,500

15,100

15,200

15,400

14,300

6,000

22,600

26,000

31,700

40,300

36,600

49,000

36,500

24,900

19,700

17,400

22,500

32,600

26,700

31,500

35,800

33,000

50,700

42,900

40,400

18,700

18,100

15,300

16,600

16,700

51,600

47,800

53,200

56,800

57,100

64,100

68,600

70,000

68,100

75,300

78,200

73,700

82,300

87,400

97,900

94,600

63,800

64,500

63,700

66,600

68,300

72,200

69,300

64,100

65,800

67,900

67,000

54,200

49,800

51,000

90,200

112,900

109,500

101,400

83,600

72,000

71,500

59,100

135,700

134,500

132,900

136,900

143,600

90,000

36,075

33,158

27,900

27,111

26,672

25,476

30,611

30,847

26,322

19,695

25,522

27,832

25,459

28,259

28,650

29,606

30,730

32,559

35,846

36,244

37,472

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
11,000
12,400
16,700
17,600
34,100
37,500
36,400
42,400
41,700
41,400
37,300
37,200
35,800
30,900
31,700
27,900
30,800
29,200
25,100
25,100
27,500
27,300
27,300
123,600
138,800
143,100
137,900
132,900
118,100
118,200
115,100
106,300
108,600
105,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

105,000

108,600

106,300

115,100

118,200

118,100

132,900

137,900

143,100

138,800

123,600

27,300

27,500

25,100

29,200

30,800

27,900

31,700

30,900

35,800

37,200

37,300

41,400

41,700

42,400

36,400

37,500

34,100

17,600

16,700

12,400

11,000

> Total Liabilities

673,748
637,451
633,196
613,629
589,761
580,028
567,314
595,315
567,932
526,169
521,275
509,847
504,076
497,340
494,481
476,374
474,913
480,724
471,965
462,568
470,192
905,800
1,471,800
1,521,200
1,473,200
1,487,000
1,436,600
1,465,600
1,415,800
1,455,100
1,453,500
1,460,200
1,442,700
1,406,500
1,301,000
1,285,600
1,201,100
1,207,200
1,180,900
1,224,000
1,180,700
1,189,600
1,194,600
1,229,400
1,171,200
1,164,100
1,082,900
1,178,600
1,113,200
1,938,800
1,872,900
1,868,500
1,767,800
1,851,000
1,751,400
1,680,600
1,592,800
1,665,700
1,581,500
1,545,400
1,463,400
1,590,700
1,465,700
1,372,200
1,327,000
1,525,800
1,432,500
1,355,800
1,980,900
2,166,300
2,135,200
2,025,000
1,989,700
2,099,300
2,054,100
1,996,700
2,062,600
2,174,800
1,955,200
2,014,900
1,935,300
2,065,000
1,970,600
2,306,000
2,292,900
2,393,500
2,287,000
2,226,500
2,219,000
2,218,000
2,047,900
1,984,600
1,983,000
1,995,400
1,845,700
1,857,800

1,857,800

1,845,700

1,995,400

1,983,000

1,984,600

2,047,900

2,218,000

2,219,000

2,226,500

2,287,000

2,393,500

2,292,900

2,306,000

1,970,600

2,065,000

1,935,300

2,014,900

1,955,200

2,174,800

2,062,600

1,996,700

2,054,100

2,099,300

1,989,700

2,025,000

2,135,200

2,166,300

1,980,900

1,355,800

1,432,500

1,525,800

1,327,000

1,372,200

1,465,700

1,590,700

1,463,400

1,545,400

1,581,500

1,665,700

1,592,800

1,680,600

1,751,400

1,851,000

1,767,800

1,868,500

1,872,900

1,938,800

1,113,200

1,178,600

1,082,900

1,164,100

1,171,200

1,229,400

1,194,600

1,189,600

1,180,700

1,224,000

1,180,900

1,207,200

1,201,100

1,285,600

1,301,000

1,406,500

1,442,700

1,460,200

1,453,500

1,455,100

1,415,800

1,465,600

1,436,600

1,487,000

1,473,200

1,521,200

1,471,800

905,800

470,192

462,568

471,965

480,724

474,913

476,374

494,481

497,340

504,076

509,847

521,275

526,169

567,932

595,315

567,314

580,028

589,761

613,629

633,196

637,451

673,748

> Total Current Liabilities

167,803
153,637
169,297
161,300
372,871
364,568
349,288
139,729
154,734
146,259
153,094
161,161
255,559
143,372
157,981
156,367
155,321
148,536
164,308
173,676
175,768
868,400
450,700
453,000
432,800
485,400
480,000
496,100
449,700
486,300
482,700
498,200
492,300
489,500
422,400
463,800
422,100
424,100
310,900
298,900
267,600
281,300
283,500
327,900
273,900
284,800
255,100
306,100
243,100
413,500
368,700
429,400
358,100
499,900
412,100
445,100
373,000
446,700
373,100
395,400
340,100
471,400
368,800
355,300
319,400
401,700
373,600
406,400
411,500
510,000
509,900
538,400
489,100
543,800
549,200
599,200
515,500
500,600
477,600
588,800
469,500
484,100
470,300
556,900
498,800
561,800
586,100
708,600
568,900
590,500
503,600
589,000
504,400
534,000
518,900
542,000

542,000

518,900

534,000

504,400

589,000

503,600

590,500

568,900

708,600

586,100

561,800

498,800

556,900

470,300

484,100

469,500

588,800

477,600

500,600

515,500

599,200

549,200

543,800

489,100

538,400

509,900

510,000

411,500

406,400

373,600

401,700

319,400

355,300

368,800

471,400

340,100

395,400

373,100

446,700

373,000

445,100

412,100

499,900

358,100

429,400

368,700

413,500

243,100

306,100

255,100

284,800

273,900

327,900

283,500

281,300

267,600

298,900

310,900

424,100

422,100

463,800

422,400

489,500

492,300

498,200

482,700

486,300

449,700

496,100

480,000

485,400

432,800

453,000

450,700

868,400

175,768

173,676

164,308

148,536

155,321

156,367

157,981

143,372

255,559

161,161

153,094

146,259

154,734

139,729

349,288

364,568

372,871

161,300

169,297

153,637

167,803

Short-term Debt

16,494
11,708
10,544
10,298
237,077
228,871
214,301
7,800
8,397
9,324
8,291
26,654
123,526
19,448
19,428
19,995
19,897
21,881
30,625
33,713
31,417
900
27,700
30,100
9,400
16,200
20,500
4,800
16,200
32,000
30,300
6,800
82,200
101,800
50,500
64,500
111,800
115,000
16,800
700
16,200
600
300
200
200
500
200
200
200
11,000
4,400
1,300
700
88,500
9,600
100
7,600
59,400
1,000
1,600
22,000
105,300
47,000
35,500
3,300
48,900
24,400
68,500
19,400
29,100
28,600
43,200
42,700
59,700
54,800
39,500
79,400
68,900
55,800
55,000
87,100
70,100
55,900
99,100
69,700
64,500
58,000
67,400
68,900
76,500
49,500
81,200
77,500
82,200
89,300
57,200

57,200

89,300

82,200

77,500

81,200

49,500

76,500

68,900

67,400

58,000

64,500

69,700

99,100

55,900

70,100

87,100

55,000

55,800

68,900

79,400

39,500

54,800

59,700

42,700

43,200

28,600

29,100

19,400

68,500

24,400

48,900

3,300

35,500

47,000

105,300

22,000

1,600

1,000

59,400

7,600

100

9,600

88,500

700

1,300

4,400

11,000

200

500

200

300

600

16,200

700

16,800

115,000

111,800

64,500

50,500

101,800

82,200

6,800

30,300

32,000

16,200

4,800

20,500

16,200

9,400

30,100

27,700

900

31,417

33,713

30,625

21,881

19,897

19,995

19,428

19,448

123,526

26,654

8,291

9,324

8,397

7,800

214,301

228,871

237,077

10,298

10,544

11,708

16,494

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
800
0
0
0
720,500
0
48,900
24,400
4,800
19,400
1,096,300
28,500
43,200
42,000
59,500
54,800
39,500
56,600
49,100
35,200
33,200
67,200
49,900
35,800
76,500
48,200
43,600
36,200
43,000
44,800
54,100
28,600
60,000
56,400
61,800
70,100
36,700

36,700

70,100

61,800

56,400

60,000

28,600

54,100

44,800

43,000

36,200

43,600

48,200

76,500

35,800

49,900

67,200

33,200

35,200

49,100

56,600

39,500

54,800

59,500

42,000

43,200

28,500

1,096,300

19,400

4,800

24,400

48,900

720,500

800

Accounts payable

61,424
56,427
57,998
57,178
50,345
52,978
48,166
46,665
49,947
46,168
48,483
50,459
48,937
43,418
46,345
51,253
52,355
51,722
47,414
49,758
50,710
101,600
154,900
150,100
180,000
185,400
176,700
189,200
182,300
191,600
176,300
202,600
161,300
147,400
146,200
143,800
109,300
100,800
95,500
101,000
97,200
110,600
108,600
114,800
102,500
106,000
105,700
127,100
98,000
178,000
158,700
152,400
148,000
196,400
169,500
177,900
170,600
193,000
150,900
159,100
151,100
191,500
132,000
147,600
152,500
181,700
150,500
135,100
176,200
229,000
192,000
178,200
188,600
231,200
211,500
274,600
193,400
200,600
175,700
245,700
185,900
212,500
171,400
180,200
187,700
223,900
233,500
308,200
223,200
254,400
214,400
239,500
204,500
194,600
173,000
183,700

183,700

173,000

194,600

204,500

239,500

214,400

254,400

223,200

308,200

233,500

223,900

187,700

180,200

171,400

212,500

185,900

245,700

175,700

200,600

193,400

274,600

211,500

231,200

188,600

178,200

192,000

229,000

176,200

135,100

150,500

181,700

152,500

147,600

132,000

191,500

151,100

159,100

150,900

193,000

170,600

177,900

169,500

196,400

148,000

152,400

158,700

178,000

98,000

127,100

105,700

106,000

102,500

114,800

108,600

110,600

97,200

101,000

95,500

100,800

109,300

143,800

146,200

147,400

161,300

202,600

176,300

191,600

182,300

189,200

176,700

185,400

180,000

150,100

154,900

101,600

50,710

49,758

47,414

51,722

52,355

51,253

46,345

43,418

48,937

50,459

48,483

46,168

49,947

46,665

48,166

52,978

50,345

57,178

57,998

56,427

61,424

Other Current Liabilities

89,885
85,502
100,755
93,824
85,449
82,719
86,821
85,264
96,390
90,767
96,320
84,048
83,096
80,506
92,208
85,119
83,069
74,933
86,269
90,205
93,641
625,000
268,100
267,700
118,600
138,200
131,100
264,900
125,900
129,600
128,100
137,800
126,700
128,100
114,000
222,500
112,500
120,600
102,500
187,400
72,300
70,600
80,900
209,900
89,100
75,900
68,100
176,400
74,200
90,200
65,200
244,600
84,100
84,700
86,300
246,200
75,000
68,900
74,900
207,500
55,300
53,600
54,800
58,700
48,800
57,800
63,400
175,500
80,900
106,900
114,200
289,700
112,100
104,300
113,800
170,000
111,600
101,000
110,800
169,100
104,000
105,500
124,200
141,100
133,400
152,300
149,500
217,100
276,800
143,700
141,300
152,400
222,400
115,900
112,500
143,800

143,800

112,500

115,900

222,400

152,400

141,300

143,700

276,800

217,100

149,500

152,300

133,400

141,100

124,200

105,500

104,000

169,100

110,800

101,000

111,600

170,000

113,800

104,300

112,100

289,700

114,200

106,900

80,900

175,500

63,400

57,800

48,800

58,700

54,800

53,600

55,300

207,500

74,900

68,900

75,000

246,200

86,300

84,700

84,100

244,600

65,200

90,200

74,200

176,400

68,100

75,900

89,100

209,900

80,900

70,600

72,300

187,400

102,500

120,600

112,500

222,500

114,000

128,100

126,700

137,800

128,100

129,600

125,900

264,900

131,100

138,200

118,600

267,700

268,100

625,000

93,641

90,205

86,269

74,933

83,069

85,119

92,208

80,506

83,096

84,048

96,320

90,767

96,390

85,264

86,821

82,719

85,449

93,824

100,755

85,502

89,885

> Long-term Liabilities

505,945
483,814
463,899
452,329
216,890
215,460
218,026
455,586
413,198
379,910
368,181
348,686
248,517
353,968
336,500
320,007
319,592
332,188
307,657
288,892
294,424
37,400
1,021,100
1,068,200
1,040,400
1,001,600
956,600
969,500
966,100
968,800
970,800
962,000
950,400
917,000
878,600
821,800
779,000
783,100
870,000
925,100
913,100
908,300
911,100
901,500
897,300
879,300
827,800
872,500
870,100
1,525,300
1,504,200
1,439,100
1,409,700
1,351,100
1,339,300
1,235,500
1,219,800
1,219,000
1,208,400
1,150,000
1,123,300
1,119,300
1,096,900
1,016,900
1,007,600
1,124,100
1,058,900
949,400
1,569,400
1,656,300
1,625,300
1,486,600
1,500,600
1,555,500
1,504,900
1,397,500
1,547,100
1,674,200
1,477,600
1,426,100
1,465,800
1,580,900
1,500,300
1,749,100
1,794,100
1,831,700
1,700,900
1,517,900
1,650,100
1,627,500
1,544,300
1,395,600
1,478,600
1,461,400
1,326,800
1,315,800

1,315,800

1,326,800

1,461,400

1,478,600

1,395,600

1,544,300

1,627,500

1,650,100

1,517,900

1,700,900

1,831,700

1,794,100

1,749,100

1,500,300

1,580,900

1,465,800

1,426,100

1,477,600

1,674,200

1,547,100

1,397,500

1,504,900

1,555,500

1,500,600

1,486,600

1,625,300

1,656,300

1,569,400

949,400

1,058,900

1,124,100

1,007,600

1,016,900

1,096,900

1,119,300

1,123,300

1,150,000

1,208,400

1,219,000

1,219,800

1,235,500

1,339,300

1,351,100

1,409,700

1,439,100

1,504,200

1,525,300

870,100

872,500

827,800

879,300

897,300

901,500

911,100

908,300

913,100

925,100

870,000

783,100

779,000

821,800

878,600

917,000

950,400

962,000

970,800

968,800

966,100

969,500

956,600

1,001,600

1,040,400

1,068,200

1,021,100

37,400

294,424

288,892

307,657

332,188

319,592

320,007

336,500

353,968

248,517

348,686

368,181

379,910

413,198

455,586

218,026

215,460

216,890

452,329

463,899

483,814

505,945

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
716,800
668,600
668,800
669,000
1,249,200
1,205,900
1,070,800
1,050,300
1,001,400
991,100
920,800
913,900
904,800
895,600
799,000
797,700
785,000
779,000
720,500
717,800
827,400
759,800
627,700
1,002,700
1,067,200
1,005,900
889,200
908,400
1,011,200
958,600
843,000
949,400
1,049,700
882,500
777,200
856,900
971,400
876,300
1,054,600
1,155,900
1,193,300
1,083,900
954,100
1,109,200
1,124,500
1,045,000
936,500
1,035,000
0
0
0

1,035,000

936,500

1,045,000

1,124,500

1,109,200

954,100

1,083,900

1,193,300

1,155,900

1,054,600

876,300

971,400

856,900

777,200

882,500

1,049,700

949,400

843,000

958,600

1,011,200

908,400

889,200

1,005,900

1,067,200

1,002,700

627,700

759,800

827,400

717,800

720,500

779,000

785,000

797,700

799,000

895,600

904,800

913,900

920,800

991,100

1,001,400

1,050,300

1,070,800

1,205,900

1,249,200

669,000

668,800

668,600

716,800

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
11,000
12,400
16,700
17,600
34,100
37,500
36,400
42,400
41,700
41,400
37,300
37,200
35,800
30,900
31,700
27,900
30,800
29,200
25,100
25,100
27,500
27,300
27,300
123,600
138,800
143,100
137,900
132,900
118,100
118,200
115,100
106,300
108,600
105,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

105,000

108,600

106,300

115,100

118,200

118,100

132,900

137,900

143,100

138,800

123,600

27,300

27,500

25,100

29,200

30,800

27,900

31,700

30,900

35,800

37,200

37,300

41,400

41,700

42,400

36,400

37,500

34,100

17,600

16,700

12,400

11,000

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
87,800
0
0
0
42,900
36,600
37,400
90,200
62,300
60,700
70,400
62,900
69,500
71,000
78,300
84,400
90,100
107,800
107,800
86,000
134,800
101,800
110,800
79,800
113,400
100,500
97,500
98,200
92,600
86,300
78,500
76,100
118,100
114,200
139,500
140,000
203,300
192,000
193,700
189,100
145,600
139,800
138,000
127,700
178,800
165,300
165,300
149,900
154,100
154,400
156,100
151,300
175,000
341,100
360,900
369,200
420,300
592,200
544,300
546,300
554,500
528,000
537,400
510,500
559,100
527,200
529,900
547,600
618,000
566,200
572,400
546,600
474,800
452,500
421,100
424,200
383,900
0
373,300
360,700
0

360,700

373,300

383,900

424,200

421,100

452,500

474,800

546,600

572,400

566,200

618,000

547,600

529,900

527,200

559,100

510,500

537,400

528,000

554,500

546,300

544,300

592,200

420,300

369,200

360,900

341,100

175,000

151,300

156,100

154,400

154,100

149,900

165,300

178,800

127,700

138,000

139,800

145,600

189,100

193,700

192,000

203,300

140,000

139,500

114,200

118,100

76,100

78,500

86,300

92,600

98,200

97,500

100,500

113,400

79,800

110,800

101,800

134,800

86,000

107,800

90,100

84,400

78,300

71,000

69,500

62,900

70,400

60,700

62,300

90,200

37,400

36,600

42,900

87,800

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
84,000
83,100
85,600
86,900
136,600
158,300
165,000
167,400
156,000
159,100
169,100
166,100
176,200
185,100
172,200
160,300
169,000
168,000
142,300
135,400
140,600
147,800
146,700
225,600
240,900
250,200
177,100
174,800
170,000
173,900
176,200
173,400
182,300
183,000
177,500
167,300
168,400
170,700
170,600
153,100
157,400
156,600
145,200
142,900
147,700
139,200
144,100
137,300
0
0
0

137,300

144,100

139,200

147,700

142,900

145,200

156,600

157,400

153,100

170,600

170,700

168,400

167,300

177,500

183,000

182,300

173,400

176,200

173,900

170,000

174,800

177,100

250,200

240,900

225,600

146,700

147,800

140,600

135,400

142,300

168,000

169,000

160,300

172,200

185,100

176,200

166,100

169,100

159,100

156,000

167,400

165,000

158,300

136,600

86,900

85,600

83,100

84,000

> Total Stockholder Equity

146,891
146,738
144,548
147,679
138,667
136,694
137,230
123,855
119,861
46,967
46,072
42,131
47,953
45,324
51,856
54,209
56,689
57,078
64,689
77,846
75,006
-28,300
412,300
408,300
407,000
404,000
430,500
384,000
391,200
408,100
436,200
438,300
445,000
407,700
356,700
-3,400
-1,300
-107,100
-102,900
-117,200
-118,000
-125,600
-97,300
-79,800
-77,000
-28,300
-32,600
-61,900
-68,300
588,600
679,800
639,200
633,100
611,000
638,200
702,300
709,700
749,300
728,000
681,000
583,100
603,600
561,000
581,200
612,700
698,700
724,100
708,700
717,200
717,000
721,500
774,100
765,000
748,300
749,100
789,700
764,800
778,000
766,900
773,700
717,900
711,600
725,200
742,700
708,800
780,700
785,000
864,800
881,500
872,900
781,300
810,100
809,800
830,400
838,000
787,000

787,000

838,000

830,400

809,800

810,100

781,300

872,900

881,500

864,800

785,000

780,700

708,800

742,700

725,200

711,600

717,900

773,700

766,900

778,000

764,800

789,700

749,100

748,300

765,000

774,100

721,500

717,000

717,200

708,700

724,100

698,700

612,700

581,200

561,000

603,600

583,100

681,000

728,000

749,300

709,700

702,300

638,200

611,000

633,100

639,200

679,800

588,600

-68,300

-61,900

-32,600

-28,300

-77,000

-79,800

-97,300

-125,600

-118,000

-117,200

-102,900

-107,100

-1,300

-3,400

356,700

407,700

445,000

438,300

436,200

408,100

391,200

384,000

430,500

404,000

407,000

408,300

412,300

-28,300

75,006

77,846

64,689

57,078

56,689

54,209

51,856

45,324

47,953

42,131

46,072

46,967

119,861

123,855

137,230

136,694

138,667

147,679

144,548

146,738

146,891

Retained Earnings

163,645
164,030
164,600
166,152
165,044
160,724
160,493
146,681
140,812
63,885
63,464
66,671
66,754
61,630
66,516
63,409
63,859
66,445
71,619
78,171
74,736
-938,200
-934,600
-947,200
-947,300
-957,100
-939,000
-940,000
-939,800
-935,300
-926,600
-940,900
-942,800
-989,400
-1,022,200
-1,280,200
-1,287,200
-1,408,600
-1,407,300
-1,406,300
-1,411,000
-1,406,100
-1,400,700
-1,393,900
-1,402,000
-1,358,300
-1,346,600
-1,337,200
-1,354,600
-1,260,400
-1,205,200
-1,221,800
-1,230,800
-1,221,300
-1,194,900
-1,144,700
-1,152,500
-1,131,200
-1,097,000
-1,053,100
-1,058,900
-1,031,200
-998,600
-967,200
-962,400
-900,500
-877,800
-871,700
-867,200
-843,700
-813,100
-739,200
-733,900
-714,800
-685,600
-656,800
-663,000
-633,400
-611,300
-574,200
-572,400
-573,200
-560,600
-537,300
-564,100
-522,000
-508,200
-462,000
-472,100
-440,100
-515,900
-504,400
-515,700
-496,700
-488,900
-556,000

-556,000

-488,900

-496,700

-515,700

-504,400

-515,900

-440,100

-472,100

-462,000

-508,200

-522,000

-564,100

-537,300

-560,600

-573,200

-572,400

-574,200

-611,300

-633,400

-663,000

-656,800

-685,600

-714,800

-733,900

-739,200

-813,100

-843,700

-867,200

-871,700

-877,800

-900,500

-962,400

-967,200

-998,600

-1,031,200

-1,058,900

-1,053,100

-1,097,000

-1,131,200

-1,152,500

-1,144,700

-1,194,900

-1,221,300

-1,230,800

-1,221,800

-1,205,200

-1,260,400

-1,354,600

-1,337,200

-1,346,600

-1,358,300

-1,402,000

-1,393,900

-1,400,700

-1,406,100

-1,411,000

-1,406,300

-1,407,300

-1,408,600

-1,287,200

-1,280,200

-1,022,200

-989,400

-942,800

-940,900

-926,600

-935,300

-939,800

-940,000

-939,000

-957,100

-947,300

-947,200

-934,600

-938,200

74,736

78,171

71,619

66,445

63,859

63,409

66,516

61,630

66,754

66,671

63,464

63,885

140,812

146,681

160,493

160,724

165,044

166,152

164,600

164,030

163,645

Accumulated Other Comprehensive Income

-13,930
-14,468
-17,228
-15,907
-23,509
-21,494
-20,793
-20,444
-19,819
-16,639
-17,921
-25,731
-22,768
-20,623
-19,386
-14,601
-14,129
-15,530
-13,605
-7,634
-9,489
-303,200
3,600
5,800
5,200
1,100
2,700
-50,100
-48,800
-41,600
-25,400
-9,200
-1,800
4,600
-13,400
-117,500
-109,200
-93,400
-91,300
-107,000
-103,800
-118,000
-95,200
-86,100
-75,900
-72,900
-89,900
-131,000
-121,300
-162,900
-128,400
-156,100
-154,600
-191,300
-195,100
-185,600
-172,200
-158,100
-211,500
-292,600
-366,600
-354,200
-424,600
-429,200
-401,900
-383,700
-385,400
-419,400
-409,300
-432,900
-433,700
-461,100
-467,400
-466,600
-470,700
-461,700
-467,000
-458,900
-478,400
-505,700
-545,100
-553,200
-554,200
-564,200
-577,200
-552,100
-565,400
-535,500
-516,800
-539,300
-555,600
-540,300
-533,800
-535,700
-537,500
-526,300

-526,300

-537,500

-535,700

-533,800

-540,300

-555,600

-539,300

-516,800

-535,500

-565,400

-552,100

-577,200

-564,200

-554,200

-553,200

-545,100

-505,700

-478,400

-458,900

-467,000

-461,700

-470,700

-466,600

-467,400

-461,100

-433,700

-432,900

-409,300

-419,400

-385,400

-383,700

-401,900

-429,200

-424,600

-354,200

-366,600

-292,600

-211,500

-158,100

-172,200

-185,600

-195,100

-191,300

-154,600

-156,100

-128,400

-162,900

-121,300

-131,000

-89,900

-72,900

-75,900

-86,100

-95,200

-118,000

-103,800

-107,000

-91,300

-93,400

-109,200

-117,500

-13,400

4,600

-1,800

-9,200

-25,400

-41,600

-48,800

-50,100

2,700

1,100

5,200

5,800

3,600

-303,200

-9,489

-7,634

-13,605

-15,530

-14,129

-14,601

-19,386

-20,623

-22,768

-25,731

-17,921

-16,639

-19,819

-20,444

-20,793

-21,494

-23,509

-15,907

-17,228

-14,468

-13,930

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
1,404,000
1,405,000
1,407,400
1,409,100
2,012,900
2,014,400
2,018,500
2,020,800
2,025,900
2,030,600
2,035,000
2,038,100
2,042,600
2,040,800
2,031,500
2,018,200
1,999,500
1,994,900
1,988,300
1,992,800
1,998,700
2,003,100
2,015,700
2,018,800
2,018,800
1,993,500
1,999,700
1,999,100
1,962,500
1,938,200
1,941,000
1,931,900
1,907,500
1,893,800
1,890,800
1,874,300
1,876,900
1,878,900
1,883,100
1,889,900
1,894,600
1,898,400
1,902,200
1,911,500
1,894,700
1,895,200
1,897,200
1,903,300
0
0
0

1,903,300

1,897,200

1,895,200

1,894,700

1,911,500

1,902,200

1,898,400

1,894,600

1,889,900

1,883,100

1,878,900

1,876,900

1,874,300

1,890,800

1,893,800

1,907,500

1,931,900

1,941,000

1,938,200

1,962,500

1,999,100

1,999,700

1,993,500

2,018,800

2,015,700

2,003,100

1,998,700

1,992,800

1,988,300

1,994,900

1,999,500

2,018,200

2,031,500

2,040,800

2,042,600

2,038,100

2,035,000

2,030,600

2,025,900

2,020,800

2,018,500

2,014,400

2,012,900

1,409,100

1,407,400

1,405,000

1,404,000

Treasury Stock

-45,000

-43,400

-42,100

-40,900

-40,800

-39,900

-38,200

-33,900

-26,400

-26,300

-26,200

-17,000

-16,900

-11,800

-11,600

-10,700

-5,900

-5,400

-5,200

-4,800

-3,500

-3,400

-2,500

-2,100

-1,700

-1,500

-1,400

-1,300

-1,100

-1,200

-1,100

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	183,700	239,500	308,200	180,200	245,700	274,600	178,200	135,100	147,600	159,100	177,900	152,400	127,100	114,800	101,000	143,800	202,600	189,200	150,100	49,758	51,253	50,459	46,665	57,178	64,487	51,669	42,979	28,506	23,600	20,647
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	-404,100	-441,800	-416,400	-384,600	-355,000	-366,700	-329,600	-317,000	-312,200	-295,200	-317,800	-316,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-526,300	-540,300	-535,500	-564,200	-505,700	-461,700	-461,100	-419,400	-429,200	-292,600	-185,600	-156,100	-131,000	-86,100	-107,000	-117,500	-9,200	-50,100	5,800	-7,634	-14,601	-25,731	-20,444	-15,907	-11,284	-8,531	-6,108	-3,035	-2,723	-1,204
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	97,300	96,400	113,400	99,100	111,600	0	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	1,000	1,000	1,000	1,000	1,000	1,100	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	1,897,200	1,902,200	1,883,100	1,890,800	1,941,000	1,999,700	2,015,700	1,988,300	2,031,500	2,035,000	2,018,500	1,407,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	66,400	62,200	41,200	36,600	27,800	67,000	76,900	42,900	55,400	53,200	53,500	50,000	121,200	83,200	43,600	18,100	42,300	50,000	91,100	6,259	9,568	18,251	59,936	9,137	11,068	6,095	3,753	6,721	6,864	5,569
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	66,400	62,200	41,200	36,600	27,800	67,000	76,900	42,900	55,400	53,200	53,500	50,000	121,200	83,200	43,600	18,100	42,300	50,000	91,100	6,259	9,568	18,251	59,936	9,137	11,068	6,095	3,753	6,721	6,864	5,569
Common Stock	1,000	1,000	1,000	1,000	1,000	1,100	1,100	1,100	1,100	1,100	1,100	1,100	600	600	500	600	600	600	500	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262
Common Stock Shares Outstanding	95,300	95,300	97,100	96,100	101,000	107,000	110,900	109,200	110,600	116,300	115,700	96,100	57,600	57,200	54,500	54,200	54,000	54,300	42,400	16,851	15,966	15,866	15,761	16,220	15,743	15,861	15,926	15,743	15,740	15,763
Common Stock Total Equity	0	1,000	1,000	1,000	1,000	1,100	1,100	1,100	1,100	1,100	1,100	1,100	600	600	500	600	600	600	500	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262
Current Deferred Revenue	157,300	115,900	158,300	132,400	148,200	157,300	203,200	138,100	113,000	154,900	162,600	163,300	111,200	120,900	113,500	108,300	151,000	158,400	154,500	0	0	0	0	0	0	0	0	-483	-505	-674
Deferred Long Term Asset Charges	0	0	0	0	0	115,100	137,900	27,300	25,100	31,700	37,300	36,400	16,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	144,100	145,200	170,600	177,500	176,200	177,100	146,700	142,300	172,200	169,100	165,000	85,600	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	590,000	671,500	802,500	827,400	718,600	708,900	669,200	587,100	496,900	544,900	568,300	589,400	135,000	144,400	143,400	139,500	415,200	438,300	433,800	0	0	0	261,247	273,016	283,059	304,649	204,543	43,510	31,363	31,099
Intangible Assets	815,700	847,000	902,200	977,000	758,600	787,000	839,900	565,700	520,900	571,400	607,000	646,600	130,400	138,200	145,800	149,900	229,800	233,600	674,400	117,600	117,300	0	0	0	0	0	0	0	0	0
Inventory	327,500	395,200	428,000	305,100	283,300	340,600	254,200	210,000	203,600	229,900	254,700	265,500	197,700	216,100	202,400	266,500	299,400	277,600	268,200	97,996	86,240	91,920	97,982	122,736	126,347	164,517	143,569	96,734	79,605	76,010
Liabilities And Stockholders Equity	2,644,800	2,794,700	3,091,300	3,048,700	2,788,600	2,786,400	2,799,100	2,064,500	1,953,400	2,226,400	2,382,900	2,507,700	1,116,700	1,187,700	1,106,800	1,282,200	1,898,500	1,849,600	1,929,500	540,414	530,583	551,978	719,170	761,308	822,492	885,838	692,914	393,706	298,872	284,278
Long Term Debt	882,200	936,500	954,100	1,054,600	777,200	843,000	889,200	627,700	720,500	799,000	920,800	1,070,800	668,800	727,400	725,100	644,200	768,500	800,300	911,800	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	936,500	954,100	1,054,600	777,200	843,000	889,200	627,700	720,500	799,000	920,800	1,070,800	668,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
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	949,800	1,030,700	1,069,300	1,193,600	894,200	815,500	855,500	653,300	665,100	747,400	867,400	1,022,100	547,800	644,400	682,200	690,600	733,000	755,100	850,800	282,619	292,446	323,169	358,532	398,166	458,929	512,930	361,286	112,491	54,959	60,939
Net Invested Capital	1,705,900	1,806,600	1,861,900	1,873,800	1,584,100	1,672,200	1,706,500	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	430,700	384,100	416,100	356,000	453,700	428,400	469,300	391,000	369,300	420,500	471,900	498,700	269,500	283,200	259,900	274,800	415,300	427,400	438,900	141,445	128,391	121,709	114,606	149,784	163,216	187,939	160,787	115,865	79,942	74,413
Net Tangible Assets	0	-708,400	-839,900	-1,061,700	-703,500	-706,200	-736,100	-444,100	-436,600	-435,300	-473,000	-596,800	-327,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	313,400	293,300	216,300	171,300	217,200	281,000	291,200	264,300	298,300	383,400	396,600	444,900	316,800	292,800	238,200	200,900	323,700	326,100	408,000	98,504	101,746	104,138	165,323	159,325	190,306	241,425	175,643	125,085	96,820	86,550
Non Current Assets Total	1,789,400	1,912,400	2,166,400	2,320,500	1,982,600	1,906,200	1,969,500	1,393,800	1,299,800	1,447,600	1,541,200	1,633,400	493,800	567,000	569,700	617,500	1,076,600	1,027,400	1,068,500	268,234	272,470	286,679	414,118	440,683	463,459	487,195	365,169	156,492	118,224	113,124
Non Current Liabilities Other	73,600	84,300	107,300	523,900	471,400	378,300	420,300	175,000	89,100	100,500	145,600	203,300	118,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,315,800	1,395,600	1,517,900	1,749,100	1,426,100	1,397,500	1,486,600	949,400	1,016,900	1,150,000	1,235,500	1,439,100	872,500	939,600	925,100	821,800	962,000	969,500	1,068,200	288,892	320,007	348,686	455,586	452,329	504,154	525,433	349,769	109,445	60,903	58,585
Non Currrent Assets Other	14,700	15,400	15,800	16,900	17,400	31,500	42,900	15,300	47,800	64,100	75,300	87,400	64,500	-47,400	67,900	51,000	101,400	59,100	136,900	33,158	25,476	19,695	28,259	32,559	38,809	56,110	47,205	43,971	25,400	16,495
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	120,000	141,900	185,500	136,400	146,600	180,800	42,600	72,900	95,800	112,600	123,800	81,200	82,800	99,400	133,300	193,300	138,300	154,300	112,700	92,200	0	0	0	0	0	0	0	0	0
Other Current Assets	30,800	40,800	39,600	30,500	41,200	44,200	29,200	26,800	25,300	35,800	28,100	29,000	26,900	25,300	21,400	72,300	29,800	30,000	25,300	6,809	4,997	5,707	5,106	3,683	27,586	27,663	10,313	6,441	3,825	6,355
Other Current Liab	143,800	152,400	174,700	145,200	139,900	127,800	113,800	64,700	207,700	79,800	104,500	112,400	67,600	92,000	83,700	147,200	137,800	143,700	118,300	90,205	85,119	84,048	85,264	93,824	88,702	77,115	68,154	51,923	42,800	40,143
Other Liab	0	383,900	474,800	618,000	559,100	543,500	597,400	321,700	296,400	178,800	145,600	203,300	118,100	92,600	113,400	134,800	90,100	69,500	62,300	42,900	87,800	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	1,868,300	1,853,800	1,861,300	1,843,200	1,852,600	1,907,100	1,973,300	1,998,700	1,976,500	2,025,600	2,031,500	2,016,000	1,405,700	1,399,600	1,395,600	1,393,700	1,387,800	1,373,500	1,349,200	5,047	3,139	-1,071	118,106	105,875	96,365	54,036	57,407	55,147	48,870	50,592
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	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	690,600	589,200	656,400	330,600	369,000	263,700	278,500	198,400	209,100	235,500	253,300	273,600	147,200	163,500	181,100	194,800	238,300	217,200	239,800	84,693	94,986	110,026	124,612	135,108	141,591	126,436	113,421	69,011	61,461	65,530
Property Plant And Equipment Net	261,100	273,900	319,800	330,600	369,000	263,700	279,600	198,400	209,100	235,500	253,300	273,600	147,200	163,500	181,100	194,800	238,300	217,200	239,800	84,693	94,986	110,026	124,612	135,108	141,591	126,436	113,421	69,011	61,461	65,530
Property Plant Equipment	0	185,100	319,800	241,400	267,100	263,700	278,500	198,400	209,100	235,500	253,300	273,600	147,200	163,500	181,100	194,800	238,300	217,200	239,800	157,700	170,000	0	0	0	0	0	0	0	0	0
Retained Earnings	-556,000	-504,400	-462,000	-537,300	-574,200	-656,800	-739,200	-871,700	-967,200	-1,053,100	-1,144,700	-1,221,800	-1,337,200	-1,393,900	-1,406,300	-1,280,200	-940,900	-940,000	-947,200	78,171	63,409	66,671	146,681	166,152	163,719	225,112	208,394	186,663	168,219	153,330
Retained Earnings Total Equity	0	-504,400	-462,000	-537,300	-574,200	-656,800	-739,200	-871,700	-967,200	-1,053,100	-1,144,700	-1,221,800	-1,337,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	36,700	60,000	43,000	76,500	33,200	39,500	43,200	68,500	720,500	800	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	1,016,200	1,092,900	1,110,500	1,230,200	922,000	882,500	932,400	696,200	720,500	800,600	920,900	1,072,100	669,000	727,600	725,800	708,700	775,300	805,100	941,900	288,878	302,014	341,420	418,468	407,303	469,997	519,025	365,039	119,212	61,823	66,508
Short Term Debt	57,200	81,200	67,400	99,100	55,000	39,500	43,200	68,500	720,500	1,600	100	1,300	200	200	700	64,500	6,800	4,800	30,100	33,713	19,995	26,654	7,800	10,298	15,538	28,434	40,969	32,183	17,933	24,488
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	616,000	510,000	0	0	0	522,000	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
Total Assets	2,644,800	2,794,700	3,091,300	3,048,700	2,788,600	2,786,400	2,799,100	2,064,500	1,953,400	2,226,400	2,382,900	2,507,700	1,116,700	1,187,700	1,106,800	1,282,200	1,898,500	1,849,600	1,929,500	540,414	530,583	551,978	719,170	761,308	822,492	885,838	692,914	393,706	298,872	284,278
Total Current Assets	855,400	882,300	924,900	728,200	806,000	880,200	829,600	670,700	653,600	778,800	841,700	874,300	622,900	620,700	537,100	664,700	821,900	822,200	861,000	272,180	258,113	265,299	305,052	320,625	359,033	398,643	327,745	237,214	180,648	171,154
Total Current Liabilities	542,000	589,000	708,600	556,900	588,800	599,200	538,400	406,400	355,300	395,400	445,100	429,400	306,100	327,900	298,900	463,800	498,200	496,100	453,000	173,676	156,367	161,161	139,729	161,300	168,727	157,218	152,102	112,129	83,828	84,604
Total Liab	1,857,800	1,984,600	2,226,500	2,306,000	2,014,900	1,996,700	2,025,000	1,355,800	1,372,200	1,545,400	1,680,600	1,868,500	1,178,600	1,267,500	1,224,000	1,285,600	1,460,200	1,465,600	1,521,200	462,568	476,374	509,847	595,315	613,629	672,881	682,651	501,871	221,574	144,731	143,189
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	787,000	810,100	864,800	742,700	773,700	789,700	774,100	708,700	581,200	681,000	702,300	639,200	-61,900	-79,800	-117,200	-3,400	438,300	384,000	408,300	77,846	54,209	42,131	123,855	147,679	149,611	203,187	191,043	172,132	154,141	141,089
Treasury Stock	0	-43,400	-40,900	-39,900	-38,200	-33,900	-26,400	-17,000	-11,800	-5,900	-3,500	-2,500	-1,700	-1,500	-1,400	-1,100	-1,100	-1,100	-1,100	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

	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
Accounts Payable	183,700	173,000	194,600	204,500	239,500	214,400	254,400	223,200	308,200	233,500	223,900	187,700	180,200	171,400	212,500	185,900	245,700	175,700	200,600	193,400	274,600	211,500	231,200	188,600	178,200	192,000	229,000	176,200	135,100	150,500	181,700	152,500	147,600	132,000	191,500	151,100	159,100	150,900	193,000	170,600	177,900	169,500	196,400	148,000	152,400	158,700	178,000	98,000	127,100	105,700	106,000	102,500	114,800	108,600	110,600	97,200	101,000	95,500	100,800	109,300	143,800	146,200	147,400	161,300	202,600	176,300	191,600	182,300	189,200	176,700	185,400	180,000	150,100	154,900	101,600	50,710	49,758	47,414	51,722	52,355	51,253	46,345	43,418	48,937	50,459	48,483	46,168	49,947	46,665	48,166	52,978	50,345	57,178	57,998	56,427	61,424
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
Accumulated Depreciation	0	0	0	-414,800	-404,100	-392,300	-398,700	-401,700	-441,800	-436,800	-433,100	-418,900	-416,400	-402,000	-389,400	-381,000	-384,600	-372,000	-370,600	-362,200	-355,000	-377,300	-375,900	-376,800	-366,700	-361,600	-350,300	-340,100	-329,600	-339,400	-333,400	-324,700	-317,000	-318,800	-318,700	-308,100	-312,200	-309,400	-309,400	-302,000	-295,200	-292,300	-296,100	-322,400	-317,800	-310,000	-298,400	-310,300	-316,100	-325,800	-328,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-526,300	-537,500	-535,700	-533,800	-540,300	-555,600	-539,300	-516,800	-535,500	-565,400	-552,100	-577,200	-564,200	-554,200	-553,200	-545,100	-505,700	-478,400	-458,900	-467,000	-461,700	-470,700	-466,600	-467,400	-461,100	-433,700	-432,900	-409,300	-419,400	-385,400	-383,700	-401,900	-429,200	-424,600	-354,200	-366,600	-292,600	-211,500	-158,100	-172,200	-185,600	-195,100	-191,300	-154,600	-156,100	-128,400	-162,900	-121,300	-131,000	-89,900	-72,900	-75,900	-86,100	-95,200	-118,000	-103,800	-107,000	-91,300	-93,400	-109,200	-117,500	-13,400	4,600	-1,800	-9,200	-25,400	-41,600	-48,800	-50,100	2,700	1,100	5,200	5,800	3,600	-303,200	-9,489	-7,634	-13,605	-15,530	-14,129	-14,601	-19,386	-20,623	-22,768	-25,731	-17,921	-16,639	-19,819	-20,444	-20,793	-21,494	-23,509	-15,907	-17,228	-14,468	-13,930
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
Capital Lease Obligations	97,300	93,100	92,700	94,900	96,400	96,000	104,300	112,500	113,400	92,200	86,900	93,500	99,100	96,500	99,800	101,600	111,600	105,200	106,900	92,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	1,903,300	1,897,200	1,895,200	1,894,700	1,911,500	1,902,200	1,898,400	1,894,600	1,889,900	1,883,100	1,878,900	1,876,900	1,874,300	1,890,800	1,893,800	1,907,500	1,931,900	1,941,000	1,938,200	1,962,500	1,999,100	1,999,700	1,993,500	2,018,800	2,018,800	2,015,700	2,003,100	1,998,700	1,992,800	1,988,300	1,994,900	1,999,500	2,018,200	2,031,500	2,040,800	2,042,600	2,038,100	2,035,000	2,030,600	2,025,900	2,020,800	2,018,500	2,014,400	2,012,900	1,409,100	1,407,400	1,405,000	1,404,000	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	0	0	0	0	0	0
Cash	66,400	73,700	82,400	127,100	62,200	78,000	91,700	91,300	41,200	58,100	77,900	75,100	36,600	85,800	128,800	93,400	27,800	37,700	94,100	100,500	67,000	95,000	139,200	122,700	76,900	101,300	102,200	118,300	42,900	101,000	96,200	102,400	55,400	70,900	86,900	90,800	53,200	72,500	92,300	95,300	53,500	70,800	95,300	102,100	50,000	125,000	94,500	74,200	121,200	41,300	92,700	19,900	83,200	14,300	34,500	27,700	43,600	23,900	33,000	17,600	18,100	34,700	34,200	38,600	42,300	44,100	35,900	31,000	50,000	49,300	41,200	63,900	91,100	71,000	18,200	7,717	6,259	7,924	3,948	5,565	9,568	11,271	6,996	12,080	18,251	14,988	19,362	18,422	59,936	5,469	4,372	5,806	9,137	8,375	6,767	9,934
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
Cash And Short Term Investments	66,400	73,700	82,400	127,100	62,200	78,000	91,700	91,300	41,200	58,100	77,900	75,100	36,600	85,800	128,800	93,400	27,800	37,700	94,100	100,500	67,000	95,000	139,200	122,700	76,900	101,300	102,200	118,300	42,900	101,000	96,200	102,400	55,400	70,900	86,900	90,800	53,200	72,500	92,300	95,300	53,500	70,800	95,300	102,100	50,000	125,000	94,500	74,200	121,200	41,300	92,700	19,900	83,200	14,300	34,500	27,700	43,600	23,900	33,000	17,600	18,100	34,700	34,200	38,600	42,300	44,100	35,900	31,000	50,000	49,300	41,200	63,900	91,100	71,000	18,200	7,717	6,259	7,924	3,948	5,565	9,568	11,271	6,996	12,080	18,251	14,988	19,362	18,422	59,936	5,469	4,372	5,806	9,137	8,375	6,767	9,934
Common Stock	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,200	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	600	600	600	600	600	600	600	600	500	500	500	500	600	600	600	600	600	600	600	600	600	600	600	500	500	500	500	100	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262
Common Stock Shares Outstanding	95,400	96,700	96,300	94,900	95,700	94,500	97,400	96,200	97,500	97,300	97,200	95,100	96,000	95,600	95,200	97,500	98,300	98,900	102,200	102,300	104,000	105,900	108,000	110,000	109,200	110,300	111,900	112,400	110,000	109,400	109,000	108,200	107,900	109,500	110,600	112,000	115,100	117,000	116,600	113,800	116,000	115,800	115,500	113,300	113,300	115,000	96,200	55,500	55,500	57,500	58,000	55,000	55,000	57,100	57,200	54,600	54,600	56,200	54,500	54,400	54,400	54,200	54,200	54,100	54,100	55,000	55,100	54,900	54,900	54,300	53,400	53,000	53,000	44,400	35,500	35,500	16,300	35,500	16,837	16,881	16,881	16,552	15,961	16,206	16,206	15,927	16,528	15,806	15,806	15,785	15,740	15,726	15,726	15,819	15,857	15,734
Common Stock Total Equity	0	0	0	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,200	1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	600	600	600	600	600	600	600	600	500	500	500	500	600	600	600	600	600	600	600	600	600	600	600	500	500	100	500	100	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262	2,262
Current Deferred Revenue	157,300	144,100	141,300	0	115,900	98,400	115,900	0	115,900	145,100	121,100	108,000	136,500	118,800	96,000	92,500	119,000	135,300	130,100	131,100	115,100	169,100	148,600	145,700	27,300	175,100	145,000	135,000	27,300	135,300	113,300	114,800	113,500	135,000	121,000	111,700	27,200	146,300	125,400	119,800	20,900	146,700	130,300	125,300	31,100	140,400	134,300	70,700	2,400	81,100	102,400	82,100	3,000	93,700	99,500	81,900	9,800	96,100	87,700	88,500	33,000	111,700	112,200	122,100	151,000	148,000	133,100	125,300	37,200	151,700	145,600	124,800	5,100	0	140,900	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	105,000	108,600	106,300	115,100	118,200	118,100	132,900	137,900	143,100	138,800	123,600	27,300	27,300	27,500	25,100	25,100	29,200	30,800	27,900	31,700	30,900	35,800	37,200	37,300	41,400	41,700	42,400	36,400	37,500	34,100	17,600	16,700	12,400	11,000	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	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	137,300	144,100	139,200	147,700	142,900	145,200	156,600	157,400	153,100	170,600	170,700	168,400	167,300	177,500	183,000	182,300	173,400	176,200	173,900	170,000	174,800	177,100	250,200	240,900	225,600	146,700	147,800	140,600	135,400	142,300	168,000	169,000	160,300	172,200	185,100	176,200	166,100	169,100	159,100	156,000	167,400	165,000	158,300	136,600	86,900	85,600	83,100	84,000	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	0	0	0	0	0	0
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
Good Will	590,000	664,800	662,000	671,900	671,500	666,900	779,200	798,900	802,500	804,200	807,300	799,700	827,400	723,400	714,000	717,700	718,600	709,700	708,300	706,900	708,900	684,400	685,100	667,900	669,200	677,900	687,300	697,400	587,100	595,600	598,600	508,100	496,900	498,100	523,500	518,900	544,900	558,200	576,600	570,700	568,300	575,500	577,800	590,600	589,400	568,300	538,500	136,400	135,000	136,200	139,800	147,400	144,400	144,000	140,100	143,000	143,400	142,900	141,100	136,800	139,500	350,600	386,200	422,300	415,200	451,900	444,800	439,100	438,300	440,700	443,200	431,900	433,800	400,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	261,247	264,926	267,263	269,041	273,016	274,533	277,845	279,801
Intangible Assets	815,700	814,400	833,200	842,400	847,000	838,500	864,600	896,100	902,200	919,400	947,300	947,900	977,000	726,800	724,300	725,900	758,600	756,800	771,800	776,200	787,000	802,000	801,100	838,100	839,900	848,400	841,900	834,800	565,700	575,200	583,000	522,600	520,900	525,500	547,500	549,300	571,400	584,700	602,100	603,800	607,000	616,900	624,900	639,900	646,600	656,700	657,900	129,600	130,400	132,400	135,100	137,700	138,200	140,300	140,100	143,000	145,800	147,500	148,800	149,300	149,900	209,600	215,800	229,400	229,800	230,900	230,700	232,000	233,600	234,500	237,100	238,200	674,400	643,800	115,900	117,100	117,600	0	0	0	117,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	327,500	368,500	398,000	422,500	395,200	431,000	471,500	471,400	428,000	413,900	382,500	351,200	305,100	300,500	336,000	291,600	283,300	312,500	370,700	399,700	340,600	332,100	319,200	294,500	254,200	307,200	332,400	287,300	210,000	263,500	303,200	260,300	203,600	251,600	314,100	273,100	229,900	286,200	329,400	298,600	254,700	291,000	323,300	288,100	265,500	319,500	352,400	202,800	197,700	217,700	221,600	226,000	216,100	233,300	213,400	198,900	202,400	214,000	229,600	239,000	266,500	282,000	310,400	317,400	299,400	307,400	315,100	288,100	277,600	282,400	303,000	268,600	268,200	280,900	187,800	100,359	97,996	106,184	104,729	93,897	86,240	90,093	88,940	89,542	91,920	92,273	89,740	92,447	97,982	104,360	106,307	110,234	122,736	126,438	126,663	126,468
Liabilities And Stockholders Equity	2,644,800	2,683,700	2,825,800	2,792,800	2,794,700	2,829,200	3,090,900	3,100,500	3,091,300	3,072,000	3,174,200	3,001,700	3,048,700	2,695,800	2,776,600	2,653,200	2,788,600	2,722,100	2,952,800	2,827,400	2,786,400	2,803,200	2,847,600	2,754,700	2,799,100	2,856,700	2,883,300	2,698,100	2,064,500	2,156,600	2,224,500	1,939,700	1,953,400	2,026,700	2,194,300	2,046,500	2,226,400	2,309,500	2,415,000	2,302,500	2,382,900	2,389,600	2,462,000	2,400,900	2,507,700	2,552,700	2,527,400	1,044,900	1,116,700	1,050,300	1,135,800	1,094,200	1,149,600	1,097,300	1,064,000	1,062,700	1,106,800	1,078,000	1,100,100	1,199,800	1,282,200	1,657,700	1,814,200	1,887,700	1,898,500	1,889,700	1,863,200	1,807,000	1,849,600	1,867,100	1,891,000	1,880,200	1,929,500	1,884,100	877,500	545,198	540,414	536,654	537,802	531,602	530,583	546,337	542,664	552,029	551,978	567,347	573,136	687,793	719,170	704,544	716,722	728,428	761,308	777,744	784,189	820,639
Long Term Debt	882,200	892,200	1,015,800	1,035,000	936,500	1,045,000	1,124,500	1,109,200	954,100	1,083,900	1,193,300	1,155,900	1,054,600	876,300	971,400	856,900	777,200	882,500	1,049,700	949,400	843,000	958,600	1,011,200	908,400	889,200	1,005,900	1,067,200	1,002,700	627,700	759,800	827,400	717,800	720,500	779,000	785,000	797,700	799,000	895,600	904,800	913,900	920,800	991,100	1,001,400	1,050,300	1,070,800	1,205,900	1,249,200	669,000	668,800	668,600	716,800	727,600	727,400	725,800	725,500	725,300	725,100	724,900	609,500	628,500	644,200	720,900	734,100	748,800	768,500	793,000	793,800	796,400	800,300	833,900	856,900	883,600	911,800	930,900	0	0	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	0	1,035,000	936,500	1,045,000	1,124,500	1,109,200	954,100	1,083,900	1,193,300	1,155,900	1,054,600	876,300	971,400	856,900	777,200	882,500	1,049,700	949,400	843,000	958,600	1,011,200	908,400	889,200	1,005,900	1,067,200	1,002,700	627,700	759,800	827,400	717,800	720,500	779,000	785,000	797,700	799,000	895,600	904,800	913,900	920,800	991,100	1,001,400	1,050,300	1,070,800	1,205,900	1,249,200	669,000	668,800	668,600	716,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	949,800	981,700	1,087,900	1,059,200	1,030,700	1,091,600	1,191,200	1,175,200	1,069,300	1,154,200	1,245,900	1,222,500	1,193,600	922,800	992,300	932,300	894,200	985,200	1,111,600	998,000	815,500	918,400	931,700	828,400	855,500	933,200	994,100	903,800	653,300	683,200	780,100	618,700	665,100	755,100	803,400	728,900	747,400	824,100	871,900	826,200	867,400	929,900	994,600	948,900	1,022,100	1,085,300	1,165,700	595,000	547,800	627,500	624,600	707,900	644,400	711,800	691,600	713,800	682,200	717,800	691,500	722,700	690,600	736,700	801,700	792,400	733,000	779,200	789,900	781,600	755,100	805,100	831,900	829,100	850,800	887,600	-17,300	284,507	282,619	292,094	313,604	297,908	292,446	310,806	333,536	323,995	323,169	333,573	340,716	350,511	358,532	370,251	386,840	394,214	398,166	417,585	439,722	463,048
Net Invested Capital	1,705,900	1,800,300	1,908,000	1,901,200	1,806,600	1,854,900	2,051,500	2,035,500	1,861,900	1,905,100	2,017,600	1,912,900	1,873,800	1,637,300	1,732,900	1,642,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	430,700	351,700	426,100	303,800	384,100	351,300	423,900	341,700	416,100	362,600	409,800	307,800	356,000	343,700	358,300	298,900	453,700	377,400	460,500	318,100	428,400	421,200	432,200	316,100	469,300	418,400	419,000	295,100	391,000	344,700	350,800	226,600	369,300	323,800	335,600	232,400	420,500	386,800	375,200	290,500	471,900	394,500	386,700	307,200	498,700	415,500	415,300	235,100	269,500	254,500	269,400	274,500	283,200	262,600	239,200	241,400	259,900	254,400	256,700	245,900	274,800	329,500	356,000	356,200	415,300	394,300	393,000	381,600	427,400	405,800	403,100	403,500	438,900	426,700	267,000	146,973	141,445	123,774	130,359	129,370	128,391	127,744	125,546	125,140	121,709	127,810	126,913	130,918	114,606	136,401	140,313	142,783	149,784	155,928	155,809	169,091
Net Tangible Assets	0	-641,200	-664,800	-704,500	-708,400	-724,100	-770,900	-813,500	-839,900	-938,600	-973,900	-1,038,800	-1,061,700	-725,000	-726,700	-725,700	-703,500	-699,600	-702,100	-718,300	-706,200	-737,300	-737,900	-741,000	-736,100	-804,800	-812,200	-815,000	-444,100	-446,700	-482,900	-418,000	-436,600	-462,600	-467,400	-485,100	-435,300	-414,900	-429,400	-464,800	-473,000	-554,200	-591,700	-597,400	-596,800	-545,200	-607,800	-334,300	-327,300	-301,200	-303,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	313,400	316,100	420,100	390,200	293,300	410,600	452,800	386,100	216,300	300,500	376,700	281,000	171,300	294,700	383,300	268,500	217,200	295,300	472,600	351,900	281,000	347,400	400,200	295,700	291,200	355,200	404,400	330,200	264,300	366,200	390,600	304,900	298,300	341,300	339,000	329,900	383,400	451,300	429,900	395,800	396,600	407,100	375,900	417,800	444,900	551,300	519,600	311,800	316,800	298,700	339,300	293,100	292,800	261,900	242,500	240,100	238,200	217,200	135,000	179,400	200,900	294,500	285,700	295,400	323,700	339,300	332,000	326,300	326,100	338,400	353,800	389,500	408,000	399,300	-363,700	105,217	98,504	108,252	124,340	107,462	101,746	105,616	113,705	9,600	104,138	120,174	125,889	123,538	165,323	-64,855	-73,961	-75,916	159,325	164,661	179,648	196,758
Non Current Assets Total	1,789,400	1,848,700	1,871,700	1,898,200	1,912,400	1,915,000	2,047,600	2,145,500	2,166,400	2,185,400	2,235,700	2,221,900	2,320,500	1,930,800	1,909,200	1,915,200	1,982,600	1,949,200	1,979,600	1,960,000	1,906,200	1,906,600	1,903,600	1,969,900	1,969,500	1,991,600	1,968,900	1,956,400	1,393,800	1,416,800	1,432,200	1,315,400	1,299,800	1,316,600	1,383,900	1,376,500	1,447,600	1,485,100	1,538,400	1,533,700	1,541,200	1,570,400	1,586,200	1,625,000	1,633,400	1,632,700	1,594,300	490,000	493,800	496,500	511,700	527,200	528,900	551,900	540,200	555,000	569,700	549,900	541,000	598,300	617,500	940,800	1,039,000	1,100,000	1,076,600	1,067,700	1,044,900	1,031,000	1,027,400	1,048,700	1,051,800	1,057,900	1,068,500	1,034,100	372,800	264,213	268,234	264,094	264,926	268,819	272,470	282,740	285,587	286,870	286,679	294,079	300,988	409,521	414,118	420,111	426,115	431,473	440,683	443,786	450,904	456,078
Non Current Liabilities Other	73,600	86,400	81,200	306,300	84,300	360,100	79,200	398,000	107,300	114,100	122,300	485,100	523,900	453,300	441,100	441,600	471,400	412,100	442,200	424,300	378,300	372,400	374,300	417,400	420,300	369,200	360,900	341,100	175,000	75,200	80,100	85,100	89,100	85,500	91,000	93,000	100,500	45,000	138,000	139,800	145,600	189,100	193,700	192,000	203,300	140,000	139,500	114,200	118,100	76,100	78,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,315,800	1,326,800	1,461,400	1,478,600	1,395,600	1,544,300	1,627,500	1,650,100	1,517,900	1,700,900	1,831,700	1,794,100	1,749,100	1,500,300	1,580,900	1,465,800	1,426,100	1,477,600	1,674,200	1,547,100	1,397,500	1,504,900	1,555,500	1,500,600	1,486,600	1,625,300	1,656,300	1,569,400	949,400	1,058,900	1,124,100	1,007,600	1,016,900	1,096,900	1,119,300	1,123,300	1,150,000	1,208,400	1,219,000	1,219,800	1,235,500	1,339,300	1,351,100	1,409,700	1,439,100	1,504,200	1,525,300	870,100	872,500	827,800	879,300	897,300	901,500	911,100	908,300	913,100	925,100	870,000	783,100	779,000	821,800	878,600	917,000	950,400	962,000	970,800	968,800	966,100	969,500	956,600	1,001,600	1,040,400	1,068,200	1,021,100	37,400	294,424	288,892	307,657	332,188	319,592	320,007	336,500	353,968	248,517	348,686	368,181	379,910	413,198	455,586	218,026	215,460	216,890	452,329	463,899	483,814	505,945
Non Currrent Assets Other	14,700	15,500	15,100	15,200	15,400	14,300	6,000	22,600	26,000	31,700	40,300	36,600	49,000	36,500	24,900	19,700	17,400	22,500	32,600	26,700	31,500	35,800	33,000	50,700	42,900	40,400	18,700	18,100	15,300	16,600	16,700	51,600	47,800	53,200	56,800	57,100	64,100	68,600	70,000	68,100	75,300	78,200	73,700	82,300	87,400	97,900	94,600	63,800	64,500	63,700	66,600	68,300	72,200	69,300	64,100	65,800	67,900	67,000	54,200	49,800	51,000	90,200	112,900	109,500	101,400	83,600	72,000	71,500	59,100	135,700	134,500	132,900	136,900	143,600	90,000	36,075	33,158	27,900	27,111	26,672	25,476	30,611	30,847	26,322	19,695	25,522	27,832	25,459	28,259	28,650	29,606	30,730	32,559	35,846	36,244	37,472
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
Other Assets	0	114,900	113,400	0	120,000	135,900	111,000	135,600	141,900	158,300	172,000	161,000	185,500	153,800	136,500	128,900	136,400	127,500	141,200	133,000	146,600	154,000	151,100	183,600	1,691,000	1,709,800	1,699,400	1,673,900	1,195,400	1,214,700	1,225,800	1,107,400	1,090,700	1,106,000	1,158,600	1,153,200	1,212,100	1,242,400	1,284,500	1,279,800	1,287,900	1,312,000	1,318,100	1,355,200	1,359,800	1,360,400	1,325,100	347,400	346,600	344,700	352,500	364,600	365,400	384,500	375,300	381,800	388,600	363,000	350,400	411,700	422,700	729,800	810,700	856,800	838,300	842,700	829,200	823,400	810,200	821,300	822,600	823,200	828,700	787,400	205,900	222,000	230,300	0	0	0	216,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	30,800	41,100	47,600	41,200	40,800	53,900	56,200	50,600	39,600	52,000	68,300	45,700	30,500	35,000	44,300	54,100	41,200	45,300	47,900	49,100	44,200	48,300	53,400	51,500	29,200	38,200	60,800	41,000	26,800	30,600	42,100	35,000	25,300	30,500	40,100	39,500	35,800	41,600	49,000	53,800	28,100	32,200	45,500	50,800	29,000	39,400	49,800	34,700	26,900	32,600	31,600	33,900	25,300	27,400	28,200	30,600	21,400	27,100	30,900	67,800	72,300	36,600	38,500	40,500	29,800	37,500	36,700	38,700	30,000	44,700	50,100	45,100	25,300	38,900	24,100	13,849	6,809	12,227	11,831	12,411	4,997	13,036	13,873	17,243	5,707	14,234	9,123	5,200	5,106	12,691	14,148	12,660	3,683	21,446	23,042	28,283
Other Current Liab	143,800	112,500	115,900	222,400	152,400	141,300	143,700	276,800	217,100	149,500	152,300	133,400	141,100	124,200	105,500	104,000	169,100	110,800	101,000	111,600	170,000	113,800	104,300	112,100	289,700	114,200	106,900	80,900	175,500	63,400	57,800	48,800	58,700	54,800	53,600	55,300	207,500	74,900	68,900	75,000	246,200	86,300	84,700	84,100	244,600	65,200	90,200	74,200	176,400	68,100	75,900	89,100	209,900	80,900	70,600	72,300	187,400	102,500	120,600	112,500	222,500	114,000	128,100	126,700	137,800	128,100	129,600	125,900	264,900	131,100	138,200	118,600	267,700	268,100	625,000	93,641	90,205	86,269	74,933	83,069	85,119	92,208	80,506	83,096	84,048	96,320	90,767	96,390	85,264	86,821	82,719	85,449	93,824	100,755	85,502	89,885
Other Liab	0	360,700	373,300	0	383,900	424,200	421,100	452,500	474,800	546,600	572,400	566,200	618,000	547,600	529,900	527,200	559,100	510,500	537,400	528,000	554,500	546,300	544,300	592,200	420,300	369,200	360,900	341,100	175,000	151,300	156,100	154,400	154,100	149,900	165,300	165,300	178,800	127,700	138,000	139,800	145,600	189,100	193,700	192,000	203,300	140,000	139,500	114,200	118,100	76,100	78,500	86,300	92,600	98,200	97,500	100,500	113,400	79,800	110,800	101,800	134,800	86,000	107,800	107,800	90,100	84,400	78,300	71,000	69,500	62,900	70,400	60,700	62,300	90,200	37,400	36,600	42,900	0	0	0	87,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	1,868,300	1,863,400	1,861,800	1,858,300	1,853,800	1,851,800	1,851,300	1,869,400	1,861,300	1,857,600	1,853,800	1,849,100	1,843,200	1,839,000	1,837,000	1,834,400	1,852,600	1,855,600	1,869,300	1,893,700	1,907,100	1,904,300	1,928,600	1,965,200	1,973,300	1,967,200	1,992,500	1,992,600	1,998,700	1,986,200	1,981,800	1,975,900	1,976,500	1,983,100	1,987,900	2,007,500	2,025,600	2,035,400	2,037,400	2,033,300	2,031,500	2,027,100	2,022,500	2,017,400	2,016,000	2,012,300	2,010,800	1,407,000	1,405,700	1,403,300	1,402,300	1,400,300	1,399,600	1,398,000	1,397,900	1,396,300	1,395,600	1,395,200	1,394,400	1,394,500	1,393,700	1,391,700	1,391,900	1,389,000	1,387,800	1,387,600	1,384,400	1,379,200	1,373,500	1,366,200	1,359,500	1,348,600	1,349,200	1,342,800	1,213,000	7,497	5,047	4,413	3,901	4,697	3,139	2,464	2,055	1,705	-1,071	135,258	137,027	124,755	118,106	116,132	109,322	101,652	105,875	101,339	100,731	98,331
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
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	690,600	672,100	680,400	594,700	589,200	577,500	594,700	612,300	656,400	656,300	309,100	313,300	330,600	641,000	633,000	631,000	651,000	631,000	630,000	622,000	618,000	643,000	642,000	657,000	645,000	643,000	632,000	622,000	528,000	541,000	539,000	532,000	3,000	529,000	544,000	531,000	4,000	552,000	563,000	555,000	4,000	550,000	564,000	592,000	591,000	582,000	567,000	452,000	463,000	477,000	487,000	486,000	1,000	167,000	164,000	173,000	1,000	186,000	190,000	186,000	194,000	211,000	228,000	243,000	238,000	225,000	215,000	207,000	217,000	227,000	229,000	234,000	154,700	246,000	154,000	77,965	84,693	86,160	87,864	91,495	94,986	95,785	98,224	104,360	110,026	112,289	116,452	117,396	124,612	126,535	129,246	131,702	135,108	133,407	136,815	138,805
Property Plant And Equipment Net	261,100	254,600	263,100	267,300	273,900	273,700	292,800	314,900	319,800	303,500	309,100	313,300	330,600	326,800	334,400	342,700	369,000	355,200	358,300	343,900	263,700	266,200	266,300	280,300	279,600	281,800	282,200	282,500	198,400	202,100	206,400	208,000	209,100	210,600	225,300	223,300	235,500	242,700	253,900	253,900	253,300	258,400	268,100	269,800	273,600	272,300	269,200	142,600	147,200	151,800	159,200	162,600	163,500	167,400	164,900	173,200	181,100	186,900	190,600	186,600	194,800	211,000	228,300	243,200	238,300	225,000	215,700	207,600	217,200	227,400	229,200	234,700	239,800	246,700	154,700	77,965	84,693	86,160	87,864	91,495	94,986	95,785	98,224	104,360	110,026	112,289	116,452	117,396	124,612	126,535	129,246	131,702	135,108	133,407	136,815	138,805
Property Plant Equipment	0	254,600	263,100	179,900	185,100	273,700	292,800	210,600	319,800	303,500	309,100	229,200	241,400	239,800	244,200	250,600	267,100	259,400	260,000	260,300	263,700	266,200	266,300	280,300	278,500	281,800	282,200	282,500	198,400	202,100	206,400	208,000	209,100	210,600	225,300	223,300	235,500	242,700	253,900	253,900	253,300	258,400	268,100	269,800	273,600	272,300	269,200	142,600	147,200	151,800	159,200	162,600	163,500	167,400	164,900	173,200	181,100	186,900	190,600	186,600	194,800	211,000	228,300	243,200	238,300	225,000	215,700	207,600	217,200	227,400	229,200	234,700	239,800	246,700	154,700	157,200	157,700	0	0	0	170,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-556,000	-488,900	-496,700	-515,700	-504,400	-515,900	-440,100	-472,100	-462,000	-508,200	-522,000	-564,100	-537,300	-560,600	-573,200	-572,400	-574,200	-611,300	-633,400	-663,000	-656,800	-685,600	-714,800	-733,900	-739,200	-813,100	-843,700	-867,200	-871,700	-877,800	-900,500	-962,400	-967,200	-998,600	-1,031,200	-1,058,900	-1,053,100	-1,097,000	-1,131,200	-1,152,500	-1,144,700	-1,194,900	-1,221,300	-1,230,800	-1,221,800	-1,205,200	-1,260,400	-1,354,600	-1,337,200	-1,346,600	-1,358,300	-1,402,000	-1,393,900	-1,400,700	-1,406,100	-1,411,000	-1,406,300	-1,407,300	-1,408,600	-1,287,200	-1,280,200	-1,022,200	-989,400	-942,800	-940,900	-926,600	-935,300	-939,800	-940,000	-939,000	-957,100	-947,300	-947,200	-934,600	-938,200	74,736	78,171	71,619	66,445	63,859	63,409	66,516	61,630	66,754	66,671	63,464	63,885	140,812	146,681	160,493	160,724	165,044	166,152	164,600	164,030	163,645
Retained Earnings Total Equity	0	0	0	-515,700	-504,400	-515,900	-440,100	-472,100	-462,000	-508,200	-522,000	-564,100	-537,300	-560,600	-573,200	-572,400	-574,200	-611,300	-633,400	-663,000	-656,800	-685,600	-714,800	-733,900	-739,200	-813,100	-843,700	-867,200	-871,700	-877,800	-900,500	-962,400	-967,200	-998,600	-1,031,200	-1,058,900	-1,053,100	-1,097,000	-1,131,200	-1,152,500	-1,144,700	-1,194,900	-1,221,300	-1,230,800	-1,221,800	-1,205,200	-1,260,400	-1,354,600	-1,337,200	-1,346,600	-1,358,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	36,700	70,100	61,800	56,400	60,000	28,600	54,100	44,800	43,000	36,200	43,600	48,200	76,500	35,800	49,900	67,200	33,200	35,200	49,100	56,600	39,500	54,800	59,500	42,000	43,200	28,500	1,096,300	19,400	4,800	24,400	48,900	0	720,500	0	0	0	800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,016,200	1,055,400	1,170,300	1,186,300	1,092,900	1,169,600	1,282,900	1,266,500	1,110,500	1,212,300	1,323,800	1,297,600	1,230,200	1,008,600	1,121,100	1,025,700	922,000	1,022,900	1,205,700	1,098,500	882,500	1,013,400	1,070,900	951,100	932,400	1,034,500	1,096,300	1,022,100	696,200	784,200	876,300	721,100	720,500	826,000	890,300	819,700	800,600	896,600	964,200	921,500	920,900	1,000,700	1,089,900	1,051,000	1,072,100	1,210,300	1,260,200	669,200	669,000	668,800	717,300	727,800	727,600	726,100	726,100	741,500	725,800	741,700	724,500	740,300	708,700	771,400	835,900	831,000	775,300	823,300	825,800	812,600	805,100	854,400	873,100	893,000	941,900	958,600	900	292,224	288,878	300,018	317,552	303,473	302,014	322,077	340,532	336,075	341,420	348,561	360,078	368,933	418,468	375,720	391,212	400,020	407,303	425,960	446,489	472,982
Short Term Debt	57,200	89,300	82,200	77,500	81,200	49,500	76,500	68,900	67,400	58,000	64,500	69,700	99,100	55,900	70,100	87,100	55,000	55,800	68,900	79,400	39,500	54,800	59,700	42,700	43,200	28,600	29,100	19,400	68,500	24,400	48,900	3,300	35,500	47,000	105,300	22,000	1,600	1,000	59,400	7,600	100	9,600	88,500	700	1,300	4,400	11,000	200	200	200	500	200	200	300	600	16,200	700	16,800	115,000	111,800	64,500	50,500	101,800	82,200	6,800	30,300	32,000	16,200	4,800	20,500	16,200	9,400	30,100	27,700	900	31,417	33,713	30,625	21,881	19,897	19,995	19,428	19,448	123,526	26,654	8,291	9,324	8,397	7,800	214,301	228,871	237,077	10,298	10,544	11,708	16,494
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	519,000	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
Total Assets	2,644,800	2,683,700	2,825,800	2,792,800	2,794,700	2,829,200	3,090,900	3,100,500	3,091,300	3,072,000	3,174,200	3,001,700	3,048,700	2,695,800	2,776,600	2,653,200	2,788,600	2,722,100	2,952,800	2,827,400	2,786,400	2,803,200	2,847,600	2,754,700	2,799,100	2,856,700	2,883,300	2,698,100	2,064,500	2,156,600	2,224,500	1,939,700	1,953,400	2,026,700	2,194,300	2,046,500	2,226,400	2,309,500	2,415,000	2,302,500	2,382,900	2,389,600	2,462,000	2,400,900	2,507,700	2,552,700	2,527,400	1,044,900	1,116,700	1,050,300	1,135,800	1,094,200	1,149,600	1,097,300	1,064,000	1,062,700	1,106,800	1,078,000	1,100,100	1,199,800	1,282,200	1,657,700	1,814,200	1,887,700	1,898,500	1,889,700	1,863,200	1,807,000	1,849,600	1,867,100	1,891,000	1,880,200	1,929,500	1,884,100	877,500	545,198	540,414	536,654	537,802	531,602	530,583	546,337	542,664	552,029	551,978	567,347	573,136	687,793	719,170	704,544	716,722	728,428	761,308	777,744	784,189	820,639
Total Current Assets	855,400	835,000	954,100	894,600	882,300	914,200	1,043,300	955,000	924,900	886,600	938,500	779,800	728,200	765,000	867,400	738,000	806,000	772,900	973,200	867,400	880,200	896,600	944,000	784,800	829,600	865,100	914,400	741,700	670,700	739,800	792,300	624,300	653,600	710,100	810,400	670,000	778,800	824,400	876,600	768,800	841,700	819,200	875,800	775,900	874,300	920,000	933,100	554,900	622,900	553,800	624,100	567,000	620,700	545,400	523,800	507,700	537,100	528,100	559,100	601,500	664,700	716,900	775,200	787,700	821,900	822,000	818,300	776,000	822,200	818,400	839,200	822,300	861,000	850,000	504,700	280,985	272,180	272,560	272,876	262,783	258,113	263,597	257,077	265,159	265,299	273,268	272,148	278,272	305,052	284,433	290,607	296,955	320,625	333,958	333,285	364,561
Total Current Liabilities	542,000	518,900	534,000	504,400	589,000	503,600	590,500	568,900	708,600	586,100	561,800	498,800	556,900	470,300	484,100	469,500	588,800	477,600	500,600	515,500	599,200	549,200	543,800	489,100	538,400	509,900	510,000	411,500	406,400	373,600	401,700	319,400	355,300	368,800	471,400	340,100	395,400	373,100	446,700	373,000	445,100	412,100	499,900	358,100	429,400	368,700	413,500	243,100	306,100	255,100	284,800	273,900	327,900	283,500	281,300	267,600	298,900	310,900	424,100	422,100	463,800	422,400	489,500	492,300	498,200	482,700	486,300	449,700	496,100	480,000	485,400	432,800	453,000	450,700	868,400	175,768	173,676	164,308	148,536	155,321	156,367	157,981	143,372	255,559	161,161	153,094	146,259	154,734	139,729	349,288	364,568	372,871	161,300	169,297	153,637	167,803
Total Liab	1,857,800	1,845,700	1,995,400	1,983,000	1,984,600	2,047,900	2,218,000	2,219,000	2,226,500	2,287,000	2,393,500	2,292,900	2,306,000	1,970,600	2,065,000	1,935,300	2,014,900	1,955,200	2,174,800	2,062,600	1,996,700	2,054,100	2,099,300	1,989,700	2,025,000	2,135,200	2,166,300	1,980,900	1,355,800	1,432,500	1,525,800	1,327,000	1,372,200	1,465,700	1,590,700	1,463,400	1,545,400	1,581,500	1,665,700	1,592,800	1,680,600	1,751,400	1,851,000	1,767,800	1,868,500	1,872,900	1,938,800	1,113,200	1,178,600	1,082,900	1,164,100	1,171,200	1,229,400	1,194,600	1,189,600	1,180,700	1,224,000	1,180,900	1,207,200	1,201,100	1,285,600	1,301,000	1,406,500	1,442,700	1,460,200	1,453,500	1,455,100	1,415,800	1,465,600	1,436,600	1,487,000	1,473,200	1,521,200	1,471,800	905,800	470,192	462,568	471,965	480,724	474,913	476,374	494,481	497,340	504,076	509,847	521,275	526,169	567,932	595,315	567,314	580,028	589,761	613,629	633,196	637,451	673,748
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
Total Stockholder Equity	787,000	838,000	830,400	809,800	810,100	781,300	872,900	881,500	864,800	785,000	780,700	708,800	742,700	725,200	711,600	717,900	773,700	766,900	778,000	764,800	789,700	749,100	748,300	765,000	774,100	721,500	717,000	717,200	708,700	724,100	698,700	612,700	581,200	561,000	603,600	583,100	681,000	728,000	749,300	709,700	702,300	638,200	611,000	633,100	639,200	679,800	588,600	-68,300	-61,900	-32,600	-28,300	-77,000	-79,800	-97,300	-125,600	-118,000	-117,200	-102,900	-107,100	-1,300	-3,400	356,700	407,700	445,000	438,300	436,200	408,100	391,200	384,000	430,500	404,000	407,000	408,300	412,300	-28,300	75,006	77,846	64,689	57,078	56,689	54,209	51,856	45,324	47,953	42,131	46,072	46,967	119,861	123,855	137,230	136,694	138,667	147,679	144,548	146,738	146,891
Treasury Stock	0	0	0	-45,000	-43,400	-43,400	-43,400	-42,100	-40,900	-40,800	-40,800	-40,800	-39,900	-39,900	-39,900	-39,900	-38,200	-38,200	-38,200	-38,200	-33,900	-33,900	-33,900	-33,900	-26,400	-26,300	-26,300	-26,200	-17,000	-16,900	-16,900	-16,900	-11,800	-11,800	-11,600	-10,700	-5,900	-5,400	-5,200	-4,800	-3,500	-3,500	-3,400	-3,400	-2,500	-2,100	-2,100	-2,100	-1,700	-1,700	-1,700	-1,700	-1,500	-1,500	-1,500	-1,500	-1,400	-1,400	-1,400	-1,300	-1,100	-1,100	-1,200	-1,200	-1,100	-1,100	-1,100	-1,100	-1,100	-1,100	-1,100	-1,100	-1,100	-1,100	0	0	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

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	62,200	41,200	36,600	27,800	67,000	76,900	42,900	55,400	53,200	53,500	50,000	121,200	83,200	43,600	18,100	42,300	50,000	91,100	79,800	9,568	18,251	59,936	9,137	11,068	6,095	3,753	6,721	6,864	5,569	4,462
Capital Expenditures	13,800	16,500	21,200	15,300	32,800	34,100	31,000	18,500	27,600	29,600	36,600	30,300	14,900	12,600	13,700	43,500	59,100	33,100	34,500	7,347	8,468	9,010	14,897	19,609	22,823	29,926	29,619	27,778	15,046	12,788
Cash And Cash Equivalents Changes	0	20,000	4,600	8,800	-39,200	-9,900	34,000	-12,500	2,200	-300	3,500	-71,200	38,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-8,800	-1,200	14,700	-400	5,500	4,200	11,500	28,600	14,500	-12,200	-134,300	300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	4,200	21,000	4,600	8,800	-39,200	-9,900	34,000	-12,500	2,200	-300	3,500	-71,200	38,000	39,600	25,500	-24,200	-7,700	-41,100	11,300	-3,309	-8,683	-41,685	50,799	-1,931	4,973	2,342	-2,968	-143	1,295	1,107
Change In Working Capital	-12,500	-79,000	-50,800	-16,100	3,900	-16,800	28,100	-10,400	-11,800	-17,400	38,700	-77,500	-4,300	-13,100	29,200	9,700	3,000	42,300	-46,700	-18,305	-5,630	-11,620	7,916	12,653	8,903	-48,997	-37,810	-39,368	-5,823	-21,946
Change Receivables	0	31,600	-77,600	101,600	-14,800	46,000	10,200	13,400	-3,900	20,400	500	-153,800	600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-38,600	31,600	-77,600	101,600	-14,800	46,000	10,200	13,400	-3,900	20,400	500	-153,800	600	-18,500	41,500	80,800	21,900	23,700	6,100	0	6,700	0	0	0	0	0	0	0	0	0
Change To Inventory	85,500	23,200	-131,800	2,200	71,400	-92,900	2,500	16,700	9,800	11,600	6,500	61,800	5,400	-9,800	78,700	-8,400	-15,600	-10,000	7,100	-13,728	5,400	3,973	9,575	-5,312	1,005	-15,173	-23,615	-10,536	-4,154	-8,870
Change To Liabilities	0	-134,200	131,200	-134,600	-52,300	24,600	10,800	-46,000	-18,900	-43,300	31,600	7,100	-12,100	0	0	0	0	29,200	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	96,900	20,000	200	19,700	32,000	-29,500	18,600	14,200	14,800	20,200	32,000	-30,200	7,700	0	9,500	12,400	300	0	12,000	9,400	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-57,100	25,100	-43,500	-27,100	-67,000	-4,100	-25,700	-18,000	-35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	76,100	79,400	85,700	70,700	70,300	70,700	71,200	52,000	52,000	57,500	64,600	54,400	32,900	36,500	39,300	42,800	48,900	55,800	38,500	21,549	25,162	28,412	39,266	38,693	40,284	33,913	27,208	15,018	12,814	12,081
Dividends Paid	28,500	28,600	25,800	24,600	24,400	25,100	25,100	25,100	25,100	0	0	0	0	0	0	0	0	0	625,000	0	0	0	0	0	4,717	7,075	6,935	6,769	6,611	6,384
End Period Cash Flow	66,400	62,200	41,200	36,600	27,800	67,000	76,900	42,900	55,400	53,200	53,500	50,000	121,200	83,200	43,600	18,100	42,300	50,000	91,100	6,259	9,568	18,251	59,936	9,137	11,068	6,095	3,753	6,721	6,864	5,569
Exchange Rate Changes	0	0	-2,000	-400	-100	-7,200	6,000	3,200	-6,600	-4,200	-2,200	-600	-700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	114,900	61,100	138,400	103,900	171,100	160,700	173,900	147,400	143,600	142,100	157,900	-37,800	48,500	42,300	57,800	-6,300	22,100	87,800	30,800	15,363	43,156	37,456	35,869	55,385	57,543	-5,799	-8,902	-25,498	11,938	-7,567
Investments	-5,200	-9,300	-5,800	-354,700	-79,600	-71,900	-319,100	-106,400	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
Net Borrowings	0	15,700	-102,900	285,600	-74,000	-24,800	184,000	-78,100	300,000	121,100	-154,500	360,700	-62,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-21,800	-13,200	101,900	62,000	106,800	106,700	131,700	95,500	85,900	91,600	77,100	115,400	56,700	12,400	-126,100	-263,000	-900	7,200	59,500	14,762	-3,262	-80,010	-19,471	2,433	-56,676	23,792	28,667	25,213	21,500	15,703
Other Cashflows From Financing Activities	120,200	215,900	644,900	-5,000	-7,600	-8,100	475,300	609,900	293,100	-1,500	524,000	1,232,100	-100	1,400	469,000	32,300	-39,700	-158,000	607,500	220,645	84,580	194,230	11,964	-61,131	130,406	217,825	496,975	57,417	-5,013	15,788
Other Cashflows From Investing Activities	0	-9,300	15,400	-339,400	-46,800	-37,800	-288,100	-87,900	2,800	3,800	3,300	-392,900	53,500	0	6,400	24,800	3,900	11,700	1,000	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	92,200	79,600	28,600	3,700	4,100	2,700	2,100	3,400	1,700	3,700	10,000	46,000	-32,100	2,600	13,400	269,100	32,100	17,900	-1,300	4,704	35,504	113,288	17,289	17,411	95,976	15,419	271	1,417	-1,507	-617
Sale Purchase Of Stock	0	-19,400	3,100	-18,900	-65,000	-75,000	-36,600	6,800	-60,000	-19,400	0	-600	0	0	0	0	0	0	0	0	0	0	-17	0	-536	-3,566	-1,011	-1,645	-1,141	-975
Stock Based Compensation	14,800	9,500	15,200	6,500	10,100	8,800	17,000	19,400	16,000	15,700	16,400	9,200	6,300	4,200	3,000	5,500	11,400	18,600	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-117,700	-48,300	-147,200	244,700	-163,400	-125,600	142,200	-75,200	-137,800	-142,000	-155,500	360,100	-63,100	-100	-44,500	-37,700	-35,400	-145,000	-17,500	-13,097	-41,423	-78,871	12,473	-61,393	-54,211	134,914	243,443	50,466	-12,141	8,867
Total Cash From Operating Activities	128,700	77,600	159,600	119,200	203,900	194,800	204,900	165,900	171,200	171,700	194,500	-7,500	63,400	54,900	71,500	37,200	81,200	120,900	65,300	22,710	51,624	46,466	50,766	74,994	80,366	24,127	20,717	2,280	26,984	5,221
Total Cashflows From Investing Activities	0	-9,300	-5,800	-354,700	-79,600	-71,900	-319,100	-106,400	-24,600	-25,800	-33,300	-423,200	40,000	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
Begin Period Cash Flow	73,700	82,400	127,100	62,200	78,000	91,700	91,300	41,200	58,100	77,900	75,100	36,600	85,800	128,800	93,400	27,800	37,700	94,100	100,500	67,000	95,000	139,200	122,700	76,900	101,300	102,200	118,300	42,900	101,000	96,200	102,400	55,400	70,900	86,900	90,800	53,200	72,500	92,300	95,300	53,500	70,800	95,300	102,100	50,000	125,000	94,500	74,200	121,200	41,300	92,700	19,900	83,200	14,300	34,500	27,700	43,600	23,900	33,000	17,600	18,100	34,700	34,200	38,600	42,300	44,100	35,900	31,000	50,000	49,300	41,200	63,900	91,100	71,000	18,200	7,717	6,259	7,924	3,948	5,565	9,568	11,271	6,996	12,080	18,251	14,988	19,362	18,422	59,936	5,469	4,372	5,806	9,137	8,375	6,767	9,934	11,068
Capital Expenditures	4,100	3,600	4,100	2,000	4,700	4,800	3,600	3,400	7,300	4,600	5,500	3,800	3,500	2,900	2,000	6,900	10,900	7,200	7,500	7,200	7,800	9,300	9,000	8,000	12,200	5,800	7,800	5,200	7,400	4,200	3,000	3,900	6,200	5,800	6,900	8,700	8,500	8,000	6,300	6,800	6,400	3,600	19,300	7,300	12,300	7,700	8,300	2,000	2,900	3,500	3,500	5,000	2,800	4,100	2,600	3,100	2,600	3,600	5,700	1,800	4,600	8,900	13,700	16,300	21,000	16,200	12,900	9,000	11,000	10,000	7,200	4,900	15,200	6,500	11,350	1,450	1,575	2,178	2,018	1,576	2,518	1,944	2,583	1,423	2,716	2,103	2,503	1,688	5,285	2,343	4,116	3,153	6,896	3,707	5,278	3,728
Cash And Cash Equivalents Changes	0	0	0	63,000	-17,100	-12,100	3,300	45,900	-18,400	-18,200	2,700	38,500	-49,200	-43,000	35,400	65,600	-9,900	-56,400	-6,400	33,500	-28,000	-44,200	16,500	45,800	-24,400	-900	-16,100	75,400	-58,100	4,800	-6,200	47,000	-15,500	-16,000	-3,900	37,600	-19,300	-19,800	-3,000	41,800	-17,300	-24,500	-6,800	52,100	-75,000	30,500	20,300	-47,000	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	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	3,600	20,500	-1,400	-20,300	-7,600	13,200	17,800	-18,900	-13,300	15,700	4,900	7,900	-13,800	2,200	6,800	700	-10,100	6,100	7,800	-400	-8,000	9,200	8,700	-12,900	-800	20,200	0	500	-9,200	33,300	4,400	-3,900	-5,200	24,600	3,900	3,300	-17,300	600	5,300	-700	-17,400	-14,800	8,800	-118,600	-9,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-7,300	-8,700	-44,700	64,900	-15,800	-13,700	400	50,100	-16,900	-19,800	2,800	38,500	-49,200	-43,000	35,400	65,600	-9,900	-56,400	-6,400	33,500	-28,000	-44,200	16,500	45,800	-24,400	-900	-16,100	75,400	-58,100	4,800	-6,200	47,000	-15,500	-16,000	-3,900	37,600	-19,300	-19,800	-3,000	41,800	-17,300	-24,500	-6,800	52,100	-75,000	30,500	20,300	-47,000	79,900	-51,400	72,800	-63,300	68,900	-20,200	6,800	-15,900	19,700	-9,100	15,400	-500	-16,600	500	-4,400	-3,700	-1,800	8,200	4,900	-19,000	700	8,100	-22,700	-27,200	20,100	52,800	10,483	1,458	-1,665	3,976	-1,617	-4,003	-1,703	4,275	-5,084	-6,171	3,263	-4,374	940	-41,514	54,467	1,097	-1,434	-3,331	762	1,608	-3,167	-1,134
Change In Working Capital	24,700	75,600	-65,900	-46,900	48,900	40,300	-37,500	-130,700	55,700	48,200	-92,700	-62,000	54,000	50,400	-68,900	-51,600	53,900	143,500	-112,000	-81,500	30,800	38,900	-114,400	27,900	38,200	54,500	-104,700	40,100	-7,400	61,800	-95,900	31,100	26,200	14,600	-88,400	35,800	21,800	11,400	-83,300	32,700	5,600	22,600	-66,900	77,400	86,600	12,300	-128,400	-48,000	60,000	-16,500	17,500	-66,900	42,500	-32,500	12,400	-35,500	23,100	14,900	30,100	-38,900	49,600	43,200	-30,600	-52,500	45,300	7,800	-16,300	-33,800	51,900	-10,400	-6,200	7,000	-15,400	763,000	-468,917	-10,668	7,658	1,754	-15,515	-12,202	3,105	11,665	-19,846	-554	-2,400	-2,022	-731	-6,467	10,874	5,383	-3,338	-5,003	2,528	18,856	6,873	-15,604
Change Receivables	0	0	0	88,600	-17,200	61,200	-96,500	84,100	-59,300	36,200	-88,900	34,400	22,900	19,900	-53,200	112,000	-68,800	83,700	-137,800	108,100	-200	38,400	-154,200	162,000	-54,400	13,400	-114,100	165,300	-54,300	7,100	-92,400	153,000	-44,600	-18,700	-97,800	157,200	-51,900	-35,800	-79,700	187,800	-85,000	-8,900	-94,400	188,800	-87,800	12,700	-118,300	39,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-69,500	64,300	-122,000	88,600	-17,200	61,200	-96,500	84,100	-59,300	36,200	-88,900	34,400	22,900	19,900	-53,200	112,000	-68,800	83,700	-137,800	108,100	-200	38,400	-154,200	162,000	-54,400	13,400	-114,100	165,300	-54,300	7,100	-92,400	153,000	-44,600	-18,700	-97,800	157,200	-51,900	-35,800	-79,700	187,800	-85,000	-8,900	-94,400	188,800	-87,800	12,700	-118,300	39,600	-17,100	2,000	700	15,000	-19,300	-9,600	-6,900	17,300	-4,600	7,700	12,800	25,600	80,800	75,200	66,200	64,600	21,900	43,700	40,100	46,700	23,700	38,700	41,000	35,700	6,100	24,600	0	0	0	0	0	0	6,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	50,000	25,400	35,100	-25,000	44,100	30,500	-14,100	-37,300	-15,600	-38,300	-23,500	-54,400	30,600	38,000	-40,200	-26,200	36,600	61,400	30,700	-57,300	-11,700	-6,500	-31,200	-43,500	50,900	26,600	-43,800	-31,200	48,000	39,400	-17,700	-53,000	47,100	54,400	-38,900	-52,800	49,100	33,800	-28,400	-42,900	37,400	33,900	-40,200	-24,600	61,900	28,400	-24,700	-3,800	18,900	-3,300	-3,700	-6,500	18,600	-12,300	-19,400	3,300	12,400	20,200	25,500	20,600	-19,700	18,800	8,600	-16,100	7,500	10,500	-24,300	-9,300	6,800	15,700	-31,600	-900	12,500	0	0	-5,206	10,672	-1,677	-13,346	-9,377	4,969	-2,503	0	0	456	-4,516	4,197	3,836	-2,360	1,738	1,952	8,245	4,662	-4,141	0	0
Change To Liabilities	0	-17,700	-17,100	-114,100	1,500	-33,600	84,200	-169,900	76,100	12,800	31,000	-28,700	-15,200	-12,400	16,600	-123,600	83,900	-8,400	-5,600	-122,200	36,600	-800	71,400	-82,600	32,100	5,800	66,100	-93,200	-6,600	6,600	12,800	-59,700	17,800	-25,500	52,200	-63,400	20,600	9,500	21,500	-94,900	47,300	-7,700	68,400	-76,400	103,200	-35,600	13,600	-74,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	29,200	0	0	0	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	3,400	6,700	-500	97,200	-7,300	7,500	-15,400	8,700	9,100	15,200	-5,500	1,800	3,000	900	12,900	1,100	3,600	2,100	25,600	-1,200	4,300	3,300	-41,600	4,300	5,400	2,400	37,500	9,800	-31,200	2,500	3,100	100	5,700	5,300	2,400	1,300	4,000	7,100	1,400	2,100	10,800	5,900	5,900	-2,300	17,100	11,300	0	0	600	0	7,700	8,200	3,300	0	0	0	0	0	9,500	0	0	0	12,400	0	0	0	300	0	0	0	0	4,500	0	0	12,000	0	0	0	9,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	4,900	31,900	31,900	10,200	-13,800	30,600	-84,100	36,300	33,300	-3,300	-41,200	4,800	35,900	1,700	-85,900	16,300	21,600	-13,800	-51,200	-8,300	16,400	11,600	-86,700	-3,700	47,200	2,000	-800	-25,700	8,700	500	0	-18,000	0	0	0	-35,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	18,200	18,700	19,300	19,900	19,300	18,900	20,200	21,000	21,100	21,400	21,600	21,600	18,400	17,700	17,600	17,000	17,200	17,400	17,600	18,100	18,000	17,400	17,000	18,300	18,500	17,900	17,800	17,000	13,100	13,300	13,100	12,500	12,400	12,700	13,200	13,700	13,800	13,900	14,800	15,000	15,500	15,700	16,900	16,500	16,300	16,800	13,700	7,600	7,600	8,100	8,400	8,800	8,700	9,300	9,000	9,500	9,900	10,100	10,000	9,300	4,800	11,800	12,600	13,600	12,600	12,400	12,000	11,900	14,100	14,100	14,600	13,000	10,800	0	0	5,932	4,447	4,991	5,886	6,225	5,256	6,191	6,853	6,862	6,324	6,980	7,742	7,366	9,405	9,579	10,151	10,131	9,778	9,506	9,770	9,639
Dividends Paid	7,100	7,200	14,200	7,300	7,100	7,100	7,100	7,300	7,200	6,200	6,200	6,200	6,200	6,100	6,100	6,200	6,300	5,900	6,000	6,200	6,200	6,200	6,300	6,400	6,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	625,000	625,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	66,400	73,700	82,400	127,100	62,200	78,000	91,700	91,300	41,200	58,100	77,900	75,100	36,600	85,800	128,800	93,400	27,800	37,700	94,100	100,500	67,000	95,000	139,200	122,700	76,900	101,300	102,200	118,300	42,900	101,000	96,200	102,400	55,400	70,900	86,900	90,800	53,200	72,500	92,300	95,300	53,500	70,800	95,300	102,100	50,000	125,000	94,500	74,200	121,200	41,300	92,700	19,900	83,200	14,300	34,500	27,700	43,600	23,900	33,000	17,600	18,100	34,700	34,200	38,600	42,300	44,100	35,900	31,000	50,000	49,300	41,200	63,900	91,100	71,000	18,200	7,717	6,259	7,924	3,948	5,565	9,568	11,271	6,996	12,080	18,251	14,988	19,362	18,422	59,936	5,469	4,372	5,806	9,137	8,375	6,767	9,934
Exchange Rate Changes	0	0	0	0	0	0	0	0	-200	0	0	-1,800	800	500	400	-2,100	1,100	-1,700	800	-300	-100	-800	-6,700	400	0	2,300	2,400	1,300	-2,800	400	2,500	3,100	-300	-3,300	1,100	-4,100	-2,400	-3,100	700	600	-500	300	1,400	-3,400	-300	3,600	-5,400	1,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	53,900	106,400	-20,200	-25,200	82,500	83,500	2,700	-107,600	108,300	94,500	-18,200	-46,200	93,900	86,400	-44,300	-32,100	117,900	183,600	-61,900	-68,500	102,300	81,900	-75,900	52,400	77,000	102,000	-65,300	60,200	48,500	105,000	-53,800	47,700	95,300	55,000	-47,900	41,200	95,700	53,900	-48,700	41,200	62,900	64,400	-47,800	78,400	60,500	78,300	-129,600	-47,000	80,800	3,500	27,600	-65,000	67,000	-22,700	28,100	-30,100	38,100	28,600	24,500	-33,400	24,900	39,200	-13,000	-57,400	44,600	13,900	-8,800	-27,600	49,200	20,200	-800	19,200	27,800	23,300	-12,476	-7,824	17,820	19,793	-16,072	-6,178	23,189	24,428	-2,212	-2,249	11,122	7,099	12,272	6,963	10,564	18,187	2,671	4,447	20,596	18,784	21,608	-5,603
Investments	-3,700	-1,400	-4,100	-2,000	2,300	-4,800	-3,400	-3,400	-7,300	-4,600	-8,300	14,400	-343,500	-2,900	-2,000	-6,300	-10,500	-49,500	-7,100	-12,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Borrowings	0	-108,100	-12,600	89,900	-99,500	-88,500	46,000	157,700	-117,800	-106,900	28,800	83,300	199,600	-124,000	85,500	124,500	-116,000	-174,100	87,600	128,500	-123,300	-57,700	145,600	10,600	-106,100	-75,400	51,300	314,200	-265,500	-98,200	187,400	0	-70,900	0	280,200	19,800	96,000	-17,900	42,400	600	-79,800	-89,800	35,800	-20,700	-138,400	-52,000	552,100	-1,000	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	0	0	0	0	0	0	0	0	0
Net Income	-59,400	14,900	26,400	-3,700	18,800	-68,700	39,400	-2,700	53,500	20,200	48,600	-20,400	29,800	18,800	5,400	8,000	43,500	28,000	35,900	-600	35,000	35,600	25,700	10,400	74,000	30,600	23,500	3,600	6,100	22,700	61,900	4,800	31,400	32,600	27,700	-5,800	43,900	34,200	21,300	-7,800	50,200	26,400	9,500	-9,000	-16,600	55,200	94,200	-17,400	9,400	11,700	43,700	-8,100	6,300	5,900	4,900	-4,700	1,000	1,300	-121,400	-7,000	-181,800	-32,700	-46,700	-1,800	-14,300	8,700	4,500	200	-1,000	18,100	-9,800	-100	29,300	3,600	30,035	-3,435	6,552	5,174	2,586	450	-3,107	4,886	-5,124	83	3,207	-421	-76,927	-5,869	-13,812	-231	-4,320	-1,108	1,552	569	386	-74
Other Cashflows From Financing Activities	-3,700	14,000	6,800	102,400	13,900	8,100	22,800	171,100	-400	3,100	48,300	583,500	-1,600	6,800	95,900	-1,700	-3,200	3,000	-3,400	124,300	7,900	-700	189,400	-7,400	13,400	600	57,100	400,800	417,700	-24,700	130,400	-3,800	-46,800	-48,300	68,300	15,000	-100	-45,500	42,000	-800	-2,200	-57,100	584,900	-1,600	-500	-7,000	1,233,900	-1,300	62,900	-41,100	300	-200	1,900	-200	-15,500	15,400	-3,400	450,200	-16,100	34,900	-40,900	-54,700	4,900	52,700	-50,000	-7,600	11,300	6,600	-56,200	-20,100	-29,800	-51,900	620,215	26,500	-42,714	3,499	76,691	-4,503	131,396	17,061	10,732	-1,269	3,403	71,714	194,472	-993	-10,071	-48,891	45,113	-15,145	-7,584	-6,327	-19,045	-1,623	-8,266	3,799
Other Cashflows From Investing Activities	0	0	0	-2,000	-9,500	0	200	0	0	0	-2,800	18,200	-340,000	0	0	600	400	-42,300	400	-5,300	-700	-37,100	-5,400	0	4,100	200	100	-292,500	-88,700	700	100	0	100	2,700	100	100	3,800	3,800	3,000	800	500	300	3,800	-1,300	3,400	700	-396,900	-100	53,500	54,100	54,000	0	0	0	0	0	6,400	7,200	8,600	0	24,800	21,900	3,900	600	3,900	800	300	0	11,700	9,000	1,300	1,100	1,000	1,000	0	400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	700	800	700	1,900	-2,800	97,200	-18,100	3,300	3,300	6,100	5,600	9,900	1,500	600	1,100	500	1,700	1,000	500	600	800	500	500	500	-1,400	500	500	2,300	30,800	1,600	1,300	700	-1,400	900	800	900	1,800	1,100	1,100	1,300	-1,400	2,100	1,200	5,500	-7,300	300	-103,200	11,100	-108,500	11,700	3,200	-8,100	-102,100	-1,400	2,800	2,900	-106,500	200	105,400	2,800	178,300	25,800	65,400	1,900	23,900	1,200	3,900	4,000	-2,500	8,400	7,800	-400	400	26,200	-31,161	1,797	738	9,162	-4,941	924	20,453	3,630	18,488	-7,217	6,707	4,665	89,242	15,103	9,382	5,799	4,294	3,580	13,634	-6,440	9,857	4,164
Sale Purchase Of Stock	0	0	0	-1,700	0	-19,400	-19,400	4,300	7,300	400	100	1,900	205,000	200	0	-18,900	-8,200	-18,900	-27,400	-10,500	-6,800	-24,800	-41,100	-9,100	-300	-30,300	-4,600	1,400	4,900	300	1,300	300	-14,000	-6,000	-25,400	-14,600	-16,500	2,900	0	0	0	0	0	0	-200	-100	100	-400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,400	1,500	3,300	5,600	1,700	600	2,300	4,900	3,000	3,200	4,200	4,800	1,300	1,800	2,500	900	3,800	900	3,400	2,000	2,800	-1,200	4,000	3,200	5,100	4,100	5,400	2,400	7,300	4,200	4,600	3,300	5,500	2,900	4,600	3,000	4,100	3,900	4,600	3,100	4,700	4,300	5,100	2,300	3,700	1,400	2,400	1,700	2,500	1,000	2,000	800	1,700	100	1,600	800	500	800	800	900	5,500	0	0	900	11,400	0	0	3,700	18,600	0	0	4,500	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	-63,800	-115,300	-26,800	88,200	-106,600	-95,600	400	153,500	-124,700	-112,700	21,900	68,300	196,100	-129,900	79,300	99,200	-129,300	-196,000	54,300	107,600	-129,500	-88,200	99,100	-7,000	-105,500	-105,400	46,700	306,400	-103,900	-97,900	130,400	-3,800	-110,800	-70,300	42,900	400	-112,600	-70,600	42,000	-800	-80,200	-89,500	35,800	-21,600	-138,600	-52,100	552,200	-1,400	-100	-52,100	-10,700	-200	1,200	-300	-15,800	14,800	-17,800	-37,200	-23,700	34,200	-40,900	-54,700	5,000	52,900	-49,400	-7,000	12,500	8,500	-53,000	-19,400	-24,300	-48,300	-5,800	26,500	-42,714	4,514	-12,562	-17,571	14,491	2,545	-19,535	-19,047	-38	-2,803	-9,763	-11,067	-9,384	-48,657	43,112	-15,979	-8,344	-6,316	-19,189	-19,621	-26,284	3,701
Total Cash From Operating Activities	58,000	110,000	-16,100	-23,200	87,200	88,300	6,300	-104,200	115,600	99,100	-12,700	-42,400	97,400	89,300	-42,300	-25,200	128,800	190,800	-54,400	-61,300	110,100	91,200	-66,900	60,400	89,200	107,800	-57,500	65,400	55,900	109,200	-50,800	51,600	101,500	60,800	-41,000	49,900	104,200	61,900	-42,400	48,000	69,300	68,000	-28,500	85,700	72,800	86,000	-121,300	-45,000	83,700	7,000	31,100	-60,000	69,800	-18,600	30,700	-27,000	40,700	32,200	30,200	-31,600	29,500	48,100	700	-41,100	65,600	30,100	4,100	-18,600	60,200	30,200	6,400	24,100	43,000	29,800	-1,126	-6,374	19,395	21,971	-14,054	-4,602	25,707	26,372	371	-826	13,838	9,202	14,775	8,651	15,849	20,530	6,787	7,600	27,492	22,491	26,886	-1,875
Total Cashflows From Investing Activities	0	-1,400	-4,100	-2,000	2,300	-4,800	-3,400	-3,400	-7,300	-4,600	-8,300	14,400	-343,500	-2,900	-2,000	-6,300	-10,500	-49,500	-7,100	-12,500	-8,500	-46,400	-9,000	-8,000	-8,100	-5,600	-7,700	-297,700	-7,300	-6,900	-92,200	-3,900	-5,900	-3,200	-6,900	-8,600	-8,500	-8,000	-3,300	-6,000	-5,900	-3,300	-15,500	-8,600	-8,900	-7,000	-405,200	-2,100	40,000	43,500	46,900	0	0	0	0	0	0	0	4,200	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,234,500	1,395,300	1,410,400	1,162,800	1,322,200	1,313,400	1,292,400	1,042,000	1,032,000	1,159,300	1,220,300	1,225,100	903,700	915,100	893,200	1,094,400	1,348,600	1,382,800	1,048,000	434,908	419,703	424,001	443,969	499,741	556,310	521,936	440,625	315,949	263,706	237,492
Depreciation And Amortization	76,100	79,400	117,400	86,600	92,800	70,700	71,200	52,000	52,000	57,500	64,600	54,400	32,900	36,500	7,200	7,700	48,900	55,800	38,500	21,549	25,162	28,412	39,266	38,693	40,284	33,913	27,208	15,018	12,814	12,081
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	162,200	159,800	151,000	112,400	196,200	210,800	220,900	179,800	175,500	192,000	176,500	109,200	110,200	122,800	103,400	-136,200	147,200	149,300	130,500	51,501	65,659	56,983	27,371	55,287	28,128	82,067	72,757	48,726	40,092	37,476
Ebitda	238,300	239,200	268,400	199,000	289,000	281,500	292,100	231,800	227,500	249,500	241,100	163,600	143,100	159,300	110,600	-128,500	196,100	205,100	169,000	73,050	90,821	85,395	66,637	93,980	68,412	115,980	99,965	63,744	52,906	49,557
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	-3,100	25,700	0	0	0	0	0	0	0	0	0	0	0	3,300	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	598,300	552,300	614,900	492,400	633,500	627,800	656,400	515,100	478,400	529,900	544,800	533,400	414,700	415,400	379,300	483,800	590,300	568,200	439,500	277,410	278,205	277,727	340,288	411,058	345,577	400,478	329,376	220,887	194,685	182,957
Income Before Tax	-13,100	14,900	111,400	78,600	163,500	157,900	158,100	125,100	131,400	137,000	91,700	-4,400	42,900	43,700	12,100	-246,000	15,600	7,600	95,900	23,876	4,368	1,059	-24,320	6,759	-65,218	39,987	48,180	42,554	35,833	25,700
Income Tax Expense	8,700	28,100	9,500	16,600	56,700	51,200	26,400	29,600	45,500	45,400	14,400	-121,400	24,300	32,200	127,900	16,900	15,900	200	39,500	9,114	7,630	2,045	-4,849	4,326	-8,542	16,195	19,513	17,341	14,333	9,997
Interest Expense	58,600	45,600	46,300	38,800	43,200	41,200	41,100	49,300	44,500	49,500	54,700	89,300	77,200	78,200	67,000	63,700	64,100	61,100	8,500	0	0	0	0	0	0	0	0	0	0	0
Interest Income	8,300	8,300	1,900	1,000	3,200	4,400	5,800	6,400	29,500	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	100	600	200	200	0	0	0	0	0	0	0	0	0	0	0
Net Income	-21,800	-13,200	101,900	62,000	106,800	106,700	131,700	95,500	85,900	91,600	77,100	115,400	56,700	12,400	-126,100	-339,200	-900	7,200	59,500	14,762	-3,262	-80,010	-19,471	2,433	-56,676	23,792	28,667	25,213	21,500	15,703
Net Income Applicable To Common Shares	0	-13,200	101,900	62,000	106,800	106,700	131,700	95,500	85,900	91,600	77,100	115,400	56,700	11,500	0	0	0	7,200	56,200	68,500	26,700	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	56,400	-13,200	101,900	62,000	106,800	106,700	131,700	95,500	85,900	182,400	77,300	117,000	18,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-49,700	-37,300	-44,400	-37,800	-40,000	-36,800	-35,300	-42,900	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	21,200	-1,200	-600	5,000	2,800	6,200	7,100	12,400	5,600	600	6,900	4,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	108,300	6,000	10,900	12,000	11,700	21,700	5,400	-400	-5,500	30,100	24,300	-700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	44,700	159,800	151,000	112,400	196,200	187,000	193,000	167,300	163,500	173,600	145,800	139,300	115,200	115,000	79,800	-206,100	72,500	64,900	124,700	49,799	43,611	42,285	17,981	54,401	-11,611	82,501	74,332	48,726	40,092	29,476
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	1,673,200	1,813,500	1,849,300	1,531,900	1,747,500	1,742,500	1,734,100	1,384,400	1,347,300	1,510,100	1,589,200	1,594,900	1,203,900	1,216,000	1,173,500	1,755,500	1,843,000	1,842,000	1,359,900	661,668	643,195	651,430	759,007	854,900	893,922	839,913	695,669	488,110	418,299	386,973
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
Reconciled Depreciation	77,200	79,400	85,700	70,700	70,300	70,700	71,200	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	25,800	26,300	26,600	19,700	21,800	23,800	23,500	21,000	20,000	20,200	22,500	20,800	20,500	24,000	18,600	22,300	28,600	19,100	16,800	8,100	8,300	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	108,800	117,400	99,000	98,400	0	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	395,300	267,900	275,200	237,300	291,500	392,400	406,100	320,800	295,700	328,600	344,200	349,900	293,900	294,000	273,100	379,000	448,900	448,100	307,000	225,631	222,738	226,576	304,273	344,213	326,429	307,339	247,185	171,473	153,690	147,639
Tax Provision	32,600	28,100	9,500	16,600	56,700	51,200	26,400	29,600	45,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	438,700	418,200	438,900	369,100	425,300	429,100	441,700	342,400	315,300	350,800	368,900	369,800	300,200	300,900	280,300	661,100	494,400	459,200	311,900	226,760	223,492	227,429	315,038	355,159	337,612	317,977	255,044	172,161	154,593	149,481
Total Other Income Expense Net	-121,200	-144,900	-39,600	-33,800	-32,700	-4,000	-21,300	-4,700	6,200	1,800	-29,500	-78,700	-4,200	7,400	-19,900	-46,100	-51,300	-40,300	-2,900	-851	-10,946	-6,685	-2,121	612	-20,163	434	1,575	-6,172	-4,259	-4,000
Total Revenue	1,832,800	1,947,600	2,025,300	1,655,200	1,955,700	1,941,200	1,948,800	1,557,100	1,510,400	1,689,200	1,765,100	1,758,500	1,318,400	1,330,500	1,272,500	1,578,200	1,938,900	1,951,000	1,487,500	712,318	697,908	701,728	784,257	910,799	901,887	922,414	770,001	536,836	458,391	420,449

	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
Cost Of Revenue	318,600	303,200	329,400	283,300	354,100	348,200	371,000	322,000	392,200	369,500	353,700	295,000	317,000	317,000	256,900	271,900	351,400	349,800	352,900	268,100	352,200	346,500	336,400	278,300	367,600	354,300	321,500	249,000	283,900	287,100	275,300	195,700	274,300	279,900	268,000	209,800	303,000	320,300	297,100	241,100	333,800	328,100	303,100	255,300	351,600	350,000	314,400	205,100	237,800	232,000	224,700	209,200	253,500	228,500	217,500	215,600	244,300	222,600	215,000	211,300	176,800	305,200	311,500	300,900	359,200	346,500	326,200	316,700	355,300	352,800	336,600	338,100	358,300	300,000	170,600	112,088	116,621	105,894	106,787	105,606	109,637	105,143	102,958	101,965	106,499	106,590	104,590	106,322	105,647	109,207	111,201	117,914	116,686	124,559	120,734	137,762
Depreciation And Amortization	18,200	18,700	19,300	19,900	10,000	18,900	19,900	21,000	21,100	21,400	11,600	21,600	18,400	7,900	17,600	17,000	8,600	17,400	8,900	18,100	9,500	17,400	17,000	18,300	18,500	17,900	17,800	17,000	13,100	5,800	13,100	12,500	4,700	12,700	13,200	13,700	5,300	13,900	14,800	15,000	15,500	15,700	16,900	16,500	16,300	16,800	13,700	7,600	7,600	8,100	1,600	1,700	8,700	9,300	9,000	9,500	9,900	10,100	1,900	9,300	4,800	11,800	12,600	13,600	12,600	12,400	12,000	11,900	14,100	14,100	14,600	13,000	10,800	1,400	400	5,932	4,447	4,991	5,886	6,225	5,256	6,191	6,853	6,862	6,324	6,980	7,742	7,366	9,405	9,579	10,151	10,131	9,778	9,506	9,770	9,639
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
Ebit	50,600	40,200	57,500	13,900	49,000	44,100	55,400	11,600	71,800	46,600	66,800	-2,500	46,400	36,300	25,600	20,000	78,900	53,800	62,900	23,100	72,900	61,700	56,000	20,200	85,500	62,800	61,200	11,400	31,500	51,100	89,100	8,100	61,000	58,900	50,600	5,000	75,600	66,600	47,100	1,700	83,300	55,800	35,500	1,900	9,300	60,800	27,500	11,600	38,300	37,800	31,500	14,400	39,900	33,500	26,700	22,700	33,900	30,500	22,900	16,100	13,100	40,300	29,800	20,400	63,300	46,800	23,600	13,500	63,100	34,700	25,700	25,800	50,000	31,000	25,000	7,564	16,258	15,041	11,142	9,416	19,335	15,027	19,834	11,463	15,631	13,253	13,871	14,361	-10,663	10,839	13,708	8,513	14,911	13,667	12,228	14,481
Ebitda	68,800	58,900	76,800	33,800	59,000	63,000	75,300	32,600	92,900	68,000	78,400	19,100	64,800	44,200	43,200	37,000	87,500	71,200	71,800	41,200	82,400	79,100	73,000	38,500	104,000	80,700	79,000	28,400	44,600	56,900	102,200	20,600	65,700	71,600	63,800	18,700	80,900	80,500	61,900	16,700	98,800	71,500	52,400	18,400	25,600	77,600	41,200	19,200	45,900	45,900	33,100	16,100	48,600	42,800	35,700	32,200	43,800	40,600	24,800	25,400	17,900	52,100	42,400	34,000	75,900	59,200	35,600	25,400	77,200	48,800	40,300	38,800	60,800	32,400	25,400	13,496	20,705	20,032	17,028	15,641	24,591	21,218	26,687	18,325	21,955	20,233	21,613	21,727	-1,258	20,418	23,859	18,644	24,689	23,173	21,998	24,120
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-3,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,300	0	-3,300	3,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	170,000	144,800	164,200	119,300	145,300	137,400	150,000	119,600	178,100	157,200	164,100	115,500	143,100	127,100	110,000	112,200	186,000	155,900	165,800	125,800	177,100	160,800	162,400	127,500	199,200	177,900	168,500	110,800	153,700	144,200	134,800	82,400	137,800	133,700	126,700	80,200	156,900	151,900	130,600	88,300	169,900	141,100	137,100	96,700	178,100	151,200	124,300	83,800	112,900	107,100	105,500	89,200	119,000	102,200	99,000	95,200	108,500	99,900	88,800	82,100	99,400	129,800	128,500	126,100	174,200	148,200	138,700	129,200	165,300	146,400	126,000	130,500	155,500	121,700	108,900	68,064	74,543	69,954	67,588	65,325	72,594	69,949	68,192	67,470	72,720	69,321	69,746	65,940	72,511	87,816	87,185	92,776	108,889	101,129	100,795	100,245
Income Before Tax	-73,400	21,600	42,000	-3,300	28,700	-64,600	51,800	-1,000	57,200	30,200	50,300	-26,300	32,700	25,600	9,200	11,100	62,100	40,200	51,200	10,000	58,800	49,000	44,000	6,100	70,100	49,800	38,100	100	18,100	37,700	71,900	-2,600	50,100	47,900	39,100	-5,700	59,200	53,600	34,900	-10,700	58,100	41,000	16,100	-23,500	48,700	41,600	-81,300	-13,400	19,700	15,400	12,300	-4,500	20,200	13,800	7,400	2,300	11,600	8,800	-3,500	-4,800	-171,800	-17,400	-54,200	-2,600	-2,900	13,500	6,000	-1,000	11,600	11,400	-15,200	-200	29,200	24,700	22,000	-3,284	10,340	8,015	4,543	978	4,713	7,481	-7,181	-645	4,625	356	1,730	-5,652	-17,662	-272	-4,370	-2,016	3,822	2,314	771	-148
Income Tax Expense	-14,000	6,700	15,600	400	9,900	4,100	12,400	1,700	3,700	10,000	1,700	-5,900	2,900	6,800	3,800	3,100	18,600	12,200	15,300	10,600	23,800	13,400	18,300	-4,300	-3,900	19,200	14,600	-3,500	12,000	15,000	10,000	-7,400	18,700	15,300	11,400	100	15,300	19,400	13,600	-2,900	7,800	14,600	6,600	-14,600	63,800	-13,600	-175,500	3,900	10,300	3,500	6,000	4,500	14,800	8,400	2,200	6,800	8,700	7,100	113,200	-1,100	10,300	15,300	-7,900	-800	11,300	4,600	1,300	-1,300	12,700	-6,900	-5,400	-200	1,400	21,100	7,300	151	3,788	2,841	1,957	528	7,820	2,595	-2,057	-728	1,418	777	-367	217	-3,850	-41	-50	-908	2,270	1,745	385	-74
Interest Expense	13,600	15,600	15,500	13,900	13,000	12,100	10,800	9,700	10,300	11,200	11,600	13,200	10,100	10,200	9,900	8,600	9,600	11,500	11,700	10,400	10,300	11,600	9,900	9,400	9,800	10,700	10,800	9,800	12,800	13,000	12,800	10,700	11,000	11,000	11,300	11,200	12,500	12,500	12,200	11,300	13,000	12,500	13,500	15,700	19,300	18,100	32,800	19,100	17,900	20,600	19,500	19,200	19,400	19,600	19,700	19,500	19,400	15,700	15,800	16,100	63,700	16,800	15,800	16,100	64,100	16,500	16,000	14,900	61,100	16,500	15,300	15,400	8,500	300	2,000	2,000	2,500	2,100	1,700	2,200	8,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	900	1,600	2,200	2,400	2,100	2,600	2,200	1,400	700	600	500	100	200	200	300	300	300	700	1,300	900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	100	0	0	0	100	200	200	100	0	200	-100	100	200	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	-59,400	14,900	26,400	-3,700	18,800	-68,700	39,400	-2,700	53,500	20,200	48,600	-20,400	29,800	18,800	5,400	8,000	43,500	28,000	35,900	-600	35,000	35,600	25,700	10,400	74,000	30,600	23,500	3,600	6,100	22,700	61,900	4,800	31,400	32,600	27,700	-5,800	43,900	34,200	21,300	-7,800	50,200	26,400	9,500	-9,000	-16,600	55,200	94,200	-17,400	9,400	11,700	43,700	-8,100	6,800	5,400	4,900	-4,700	1,000	1,300	-121,400	-7,000	-258,000	-32,700	-46,700	-1,800	-14,300	8,700	4,500	200	-1,000	18,100	-9,800	-100	29,300	3,600	14,700	-3,435	6,552	5,174	2,586	450	-3,107	4,886	-5,124	83	3,207	-421	2,097	-5,869	-13,812	-231	-4,320	-1,108	1,552	569	386	-74
Net Income Applicable To Common Shares	0	14,900	26,400	-3,700	18,800	-68,700	39,400	-2,700	53,500	20,200	48,600	-20,400	29,800	18,800	5,400	8,000	43,500	28,000	35,900	-600	35,000	35,600	25,700	10,400	74,000	30,600	23,500	3,600	6,100	22,700	61,900	4,800	31,400	32,600	27,700	-5,800	43,900	34,200	21,300	-7,800	50,200	26,400	9,500	-9,000	-16,600	55,200	94,200	-17,400	9,400	11,700	43,700	0	4,300	4,400	4,300	0	2,900	1,700	0	0	0	0	0	0	-8,700	8,700	4,500	200	-10,900	18,100	0	0	26,200	4,500	14,200	11,300	27,900	38,500	-8,600	8,600	18,200	6,800	-4,200	4,200	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	-59,400	14,900	26,400	-3,700	18,800	-68,700	39,400	-2,700	53,500	20,200	48,600	-20,400	29,800	18,800	5,400	8,000	43,500	28,000	35,900	-600	35,000	35,600	25,700	10,400	74,000	30,600	23,500	3,600	6,100	22,700	61,900	4,800	8,400	32,600	50,500	-5,600	134,700	34,200	21,300	-7,800	50,300	26,400	9,500	-8,900	-15,100	55,200	94,200	-17,300	0	11,900	6,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-12,700	-14,000	-13,300	-11,500	-10,900	-9,500	-8,600	-8,300	-9,600	-10,600	-11,100	-13,100	-9,900	-10,000	-9,600	-8,300	-9,300	-10,800	-10,400	-9,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	600	4,800	10,000	5,900	500	1,600	500	9,500	-12,800	-600	100	-900	800	2,200	1,600	100	1,100	900	500	-200	1,600	300	1,800	3,500	600	-28,800	-5,000	39,300	1,600	4,200	4,100	1,200	2,900	-3,100	4,300	3,200	1,200	4,300	3,200	-8,300	1,400	62,000	3,300	-60,100	1,700	0	600	1,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,300	7,300	98,800	1,900	300	1,800	300	0	3,900	3,600	500	6,500	300	7,200	2,100	0	2,700	3,800	1,100	2,100	4,700	5,600	2,300	12,300	1,500	600	400	4,400	0	-700	0	-200	500	-7,100	500	0	1,100	12,200	2,300	5,900	9,700	2,700	800	14,700	6,100	0	-400	-300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-52,800	32,200	55,200	13,900	49,000	44,100	55,400	11,600	63,600	38,600	49,900	-1,100	42,200	34,300	18,500	17,400	68,100	48,800	61,400	17,900	66,000	57,500	51,800	11,700	79,600	58,700	45,400	9,300	59,700	55,700	45,400	6,500	56,900	54,800	49,200	2,600	68,500	61,800	43,900	-600	66,800	50,300	37,900	-9,200	67,300	56,400	11,600	4,000	35,900	35,400	30,600	13,300	35,900	31,200	26,300	21,600	27,900	27,500	11,000	13,400	-177,700	-1,300	-38,000	10,900	12,100	27,000	20,400	13,000	25,800	25,500	-100	13,700	45,400	31,500	24,500	6,349	18,066	12,249	11,725	8,115	16,984	15,096	3,203	8,328	15,133	11,631	10,123	6,023	-3,756	8,235	5,013	8,489	15,573	14,183	12,228	11,831
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
Other Operating Expenses	432,800	412,800	438,400	389,200	456,500	452,000	473,100	431,900	502,400	482,900	463,000	401,000	414,300	409,300	341,900	366,400	462,100	454,800	457,300	373,300	459,500	448,700	444,900	389,400	481,600	471,200	432,300	349,000	377,300	375,200	360,300	271,600	355,300	358,800	345,300	287,900	387,500	409,900	383,800	328,900	424,700	416,600	396,400	351,500	459,700	444,000	412,400	278,800	314,700	304,100	299,900	285,200	336,300	299,500	290,900	289,300	321,300	293,300	281,300	277,600	162,300	431,500	476,400	410,900	512,400	456,300	442,100	432,200	476,300	467,900	449,700	448,100	465,800	389,900	255,000	172,700	173,938	162,731	162,650	161,993	163,934	159,996	159,563	159,702	163,383	162,858	163,119	162,070	182,658	187,674	188,985	202,201	210,002	211,505	209,301	224,678
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	18,200	18,700	19,300	19,900	19,300	18,900	20,200	21,000	21,100	21,400	21,600	21,600	18,400	17,700	17,600	17,000	17,200	17,400	17,600	18,100	18,000	17,400	17,000	18,300	18,500	17,900	17,800	17,000	13,100	13,300	13,100	12,500	12,400	12,700	13,200	13,700	13,800	13,900	14,800	15,000	15,500	15,700	16,900	16,500	16,300	16,800	13,700	7,600	7,600	8,100	8,400	8,800	8,700	9,300	9,000	9,500	9,900	10,100	10,000	9,300	4,800	11,800	12,600	13,600	12,600	12,400	12,000	11,900	14,100	14,100	14,600	13,000	10,800	1,400	400	5,932	4,447	4,991	5,886	6,225	5,256	6,191	6,853	6,862	6,324	6,980	7,742	7,366	9,405	9,579	10,151	10,131	9,778	9,506	9,770	9,639
Research Development	0	0	0	0	26,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	23,800	0	0	0	23,500	0	0	0	21,000	0	0	0	20,000	0	0	0	20,200	0	0	0	22,500	0	0	0	20,800	0	0	0	20,500	0	0	0	24,000	0	0	0	18,600	0	0	0	22,300	0	0	0	28,600	0	0	0	19,100	0	0	0	16,800	0	0	0	8,100	0	0	0	8,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	108,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	93,700	93,700	0	0	0	0	0	0	0	0	0	0	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	103,500	98,800	98,000	95,000	16,400	91,700	91,600	101,400	99,100	101,800	97,700	100,700	88,600	84,400	77,200	86,100	102,100	96,400	95,500	95,900	97,800	92,800	100,000	101,800	104,800	107,500	101,800	92,000	87,700	82,300	79,600	71,200	76,300	74,100	72,400	72,900	81,400	84,200	81,100	81,900	84,900	82,600	87,100	89,600	101,700	87,100	92,900	72,200	75,400	70,600	73,600	77,800	81,100	69,300	71,700	71,900	75,200	68,900	64,400	64,600	171,600	91,100	99,900	107,500	115,600	107,200	113,200	112,900	118,400	112,600	109,600	107,500	84,000	88,500	84,000	60,612	56,531	56,723	55,822	56,199	54,108	54,665	56,416	57,549	56,695	56,081	58,315	55,485	74,299	75,783	75,101	79,090	90,568	84,218	85,247	84,180
Tax Provision	-14,000	6,700	15,600	400	9,900	4,100	12,400	1,700	3,700	10,000	1,700	-5,900	2,900	6,800	3,800	3,100	18,600	12,200	15,300	10,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	114,200	109,600	109,000	105,900	102,400	103,800	102,100	109,900	110,200	113,400	109,300	106,000	97,300	92,300	85,000	94,500	110,700	105,000	104,400	105,200	107,300	102,200	108,500	111,100	114,000	116,900	110,800	100,000	93,400	88,100	85,000	75,900	81,000	78,900	77,300	78,100	84,500	89,600	86,700	87,800	90,900	88,500	93,300	96,200	108,100	94,000	98,000	73,700	76,900	72,100	75,200	76,000	82,800	71,000	73,400	73,700	77,000	70,700	66,300	66,300	-14,500	126,300	164,900	110,000	153,200	109,800	115,900	115,500	121,000	115,100	113,100	110,000	107,500	89,900	84,400	60,612	57,317	56,837	55,863	56,387	54,297	54,853	56,605	57,737	56,884	56,268	58,529	55,748	77,011	78,467	77,784	84,287	93,316	86,946	88,567	86,916
Total Other Income Expense Net	-116,500	400	100	-17,200	-20,300	-108,700	-3,600	-12,600	-1,100	-3,000	6,600	-22,700	-3,200	800	-6,200	1,700	-3,900	100	200	-1,100	-1,600	900	-1,400	-1,900	-6,200	-2,100	-10,800	-2,200	-30,700	-7,200	33,000	200	3,000	2,200	-1,300	2,300	-1,600	2,200	1,100	100	-7,900	900	-14,200	-8,300	-2,000	2,500	-74,800	-4,400	1,600	1,000	1,500	1,500	3,400	2,200	1,500	300	-500	-4,700	-10,200	-4,500	-177,500	-34,900	-64,400	-2,600	-42,300	-8,400	-800	200	-18,800	-3,400	-12,800	-5,300	-2,000	800	-500	-112	968	-1,924	583	-478	-1,038	69	-8,247	-1,730	205	-200	-2,654	-4,169	6,163	-1,490	-4,307	-24	662	516	-11,457	-1,152
Total Revenue	488,600	448,000	493,600	402,600	499,400	485,600	521,000	441,600	570,300	526,700	517,800	410,500	460,100	444,100	366,900	384,100	537,400	505,700	518,700	393,900	529,300	507,300	498,800	405,800	566,800	532,200	490,000	359,800	437,600	431,300	410,100	278,100	412,100	413,600	394,700	290,000	459,900	472,200	427,700	329,400	503,700	469,200	440,200	352,000	529,700	501,200	438,700	288,900	350,700	339,100	330,200	298,400	372,500	330,700	316,500	310,800	352,800	322,500	303,800	293,400	276,200	435,000	440,000	427,000	533,400	494,700	464,900	445,900	520,600	499,200	462,600	468,600	513,800	421,700	279,500	180,152	191,164	175,848	174,375	170,931	182,231	175,092	171,150	169,435	179,219	175,911	174,336	172,262	178,158	197,023	198,386	210,690	225,575	225,688	221,529	238,007

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

Gross Profit (+$)
totalRevenue	1,832,800
Cost of Revenue	-1,234,500
Gross Profit	598,300	598,300

Operating Income (+$)
Gross Profit	598,300
Operating Expense	-438,700
Operating Income	44,700	159,600

Operating Expense (+$)
Research Development	25,800
Selling General Administrative	395,300
Selling And Marketing Expenses	0
Operating Expense	438,700	421,100

Net Interest Income (+$)
Interest Income	8,300
Interest Expense	-58,600
Other Finance Cost	-600
Net Interest Income	-49,700

Pretax Income (+$)
Operating Income	44,700
Net Interest Income	-49,700
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	-13,100	165,900 EBIT - interestExpense = 103,600 -13,100 36,800
Interest Expense	58,600
Earnings Before Interest and Taxes (EBIT)	162,200	45,500
Earnings Before Interest and Taxes (EBITDA)	238,300

After tax Income (+$)
Income Before Tax	-13,100
Tax Provision	-32,600
Net Income From Continuing Ops	56,400	-45,700
Net Income	-21,800
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	1,673,200
Total Other Income/Expenses Net	-121,200	49,700

Technical Analysis of Acco Brands Corporation
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 Acco Brands Corporation. The general trend of Acco Brands Corporation is BEARISH with 71.4% 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 Acco Brands Corporation'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 (-71.4%)		Bearish trend (71.4%)
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 Acco Brands Corporation.

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

Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 5.0687 < 5.0786631290323 < 5.19.

The bearish price targets are: 4.5592386363636 > 4.5031248434238 > 4.0870463736264.

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Acco Brands Corporation 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 Acco Brands Corporation. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-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 lower 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 down: The MA 100 is trending down. -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 down: The MA 200 is trending down. -1
Close < MA 200: The price is below 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.

Acco Brands Corporation 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 Acco Brands Corporation. The current macd is -0.16324101.

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 Acco Brands Corporation price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Acco Brands Corporation. 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 Acco Brands Corporation 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

Acco Brands Corporation 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 Acco Brands Corporation. The current adx is 31.07.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Acco Brands Corporation shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2

Acco Brands Corporation 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 Acco Brands Corporation. The current sar is 5.4268969.

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

Acco Brands Corporation 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 Acco Brands Corporation. The current rsi is 37.37. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
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.

Acco Brands Corporation 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 Acco Brands Corporation. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -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 Acco Brands Corporation price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Acco Brands Corporation 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 Acco Brands Corporation. The current cci is -70.05071601.

Acco Brands Corporation 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 Acco Brands Corporation. The current cmo is -23.66019546.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Acco Brands Corporation 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 Acco Brands Corporation. The current willr is -80.

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 Acco Brands Corporation is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Acco Brands Corporation Daily Williams %R Chart

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 Acco Brands Corporation.

Acco Brands Corporation 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 Acco Brands Corporation. The current atr is 0.15051876.

Acco Brands Corporation 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 Acco Brands Corporation. The current obv is 10,042,782.

Acco Brands Corporation 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 Acco Brands Corporation. The current mfi is 40.47.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

Acco Brands Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Acco Brands Corporation.

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
2023-12-01	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-04	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	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	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).
2023-12-14	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.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-21	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-03	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-01-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-09	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-11	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-01-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-16	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
	MFI	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.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-22	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).
2024-01-23	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-01-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-01	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).
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-09	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-12	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-13	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-15	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-21	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-02-23	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
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-03-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-05	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
	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	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal 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).
2024-03-21	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-02	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-12	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
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-19	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside

6.3. Candlestick Patterns

Acco Brands Corporation Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Acco Brands Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	37.372
Ma 20	Greater than	Ma 50	5.184
Ma 50	Greater than	Ma 100	5.485
Ma 100	Greater than	Ma 200	5.670
Open	Greater than	Close	4.960
Total			1/5 (20.0%)

Create your own Symbol Scanner

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Quick analysis of Acco Brands Corporation (30 sec.)

What can you expect buying and holding a share of Acco Brands Corporation? (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 Acco Brands Corporation (5 min.)

$4.98

$8.25

$-11.09 - $11.71

$-2.84 - $19.96

2. Growth of Acco Brands Corporation (5 min.)

Is Acco Brands Corporation growing?

How much money is Acco Brands Corporation making?

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

3. Financial Health of Acco Brands Corporation (5 min.)

4. Comparing to competitors in the Business Equipment & Supplies industry (5 min.)

Industry Rankings (Business Equipment & Supplies)

What can you expect buying and holding a share of Acco Brands Corporation? (5 min.)

What can you expect buying and holding a share of Acco Brands Corporation?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Acco Brands Corporation

About Acco Brands Corporation

Financial Health

Valuation

1.1. Profitability of Acco Brands Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Business Equipment & Supplies)

1.1.2. Return on Assets

Trends

Compared to industry (Business Equipment & Supplies)

1.1.3. Return on Equity

Trends

Compared to industry (Business Equipment & Supplies)

1.2. Operating Efficiency of Acco Brands Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Business Equipment & Supplies)

1.2.2. Operating Ratio

Trends

Compared to industry (Business Equipment & Supplies)

1.3. Liquidity of Acco Brands Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Business Equipment & Supplies)

1.3.2. Quick Ratio

Trends

Compared to industry (Business Equipment & Supplies)

1.4. Solvency of Acco Brands Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Business Equipment & Supplies)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Business Equipment & Supplies)

2. Market Valuation of Acco Brands Corporation

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Business Equipment & Supplies)

Acco Brands Corporation
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