Agricultural Bank Of China
Buy, Hold or Sell?

Should you buy, hold or sell Agricultural Bank Of China?

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

Let's analyse Agricultural Bank Of China

Let's start. I'm going to help you getting a better view of Agricultural Bank Of China. 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.

Show more...

Company's Financial Health
A deep dive into the books. How are the numbers doing? Is Agricultural Bank Of China even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
Market Valuation
Finally, you now have an insight of how Agricultural Bank Of China is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Agricultural Bank Of China. The closing price on 2023-03-23 was $0.36 per share. Is the company over- or underpriced?
Key Performance Indicators
A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.

Agricultural Bank Of China Daily Candlestick Chart

Summary

1. Valuation of Agricultural Bank Of China

Current price per share

$0.36

Book Value per Share

$7.52

2. Growth of Agricultural Bank Of China

Is Agricultural Bank Of China growing?

	Current year	Previous year	Grow	Grow %
How rich?	$2.6t	$2.2t	$260.7b	10.3%

How much money is Agricultural Bank Of China making?

	Current year	Previous year	Grow	Grow %
Making money	$62.9b	$59.3b	$3.6b	5.8%
Net Profit Margin	34.1%	33.7%	-	-

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

3. Financial Health of Agricultural Bank Of China

Comparing to competitors in the Banks-Diversified industry

Industry Rankings (Banks-Diversified)

Richest
#3 / 37

Most Revenue
#9 / 37

Most Profit
#4 / 37

Most Efficient
#2 / 37

Summary

Financial Health

Profitability Details

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

Operating Efficiency Details

	Compared to previous year	Compared to industry

Liquidity Details

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

Solvency Details

	Compared to previous year	Compared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

1.1. Profitability of Agricultural Bank Of China.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Agricultural Bank Of China earns for each $1 of revenue.

Above 10% is considered healthy but always compare Agricultural Bank Of China to the Banks-Diversified industry mean.
A Net Profit Margin of 38.6% means that $0.39 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Agricultural Bank Of China:

The MRQ is 38.6%. The company is making a huge profit. +2
The TTM is 34.1%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	38.6%	TTM	34.1%	+4.6%
TTM	34.1%	YOY	33.7%	+0.4%
TTM	34.1%	5Y	35.5%	-1.4%
5Y	35.5%	10Y	36.8%	-1.3%

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
MRQ	38.6%	29.1%	+9.5%
TTM	34.1%	29.2%	+4.9%
YOY	33.7%	32.1%	+1.6%
5Y	35.5%	28.5%	+7.0%
10Y	36.8%	26.4%	+10.4%

Measures how much net profit Agricultural Bank Of China earns for each $1 of revenue.

Revenue is the amount of profit Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China to the Banks-Diversified industry mean.
Can be used to compare companies within the Banks-Diversified industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Agricultural Bank Of China. If profit margins remain low (compared to the Banks-Diversified 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 Agricultural Bank Of China is 0.39. This means that Agricultural Bank Of China earned $0.39 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks-Diversified industry is 29.1%.
What is the trend?
The trend is important because it shows you how Agricultural Bank Of China is performing over time. The most recent quarter might be important if Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China with other companies in the same industry (Banks-Diversified).
Net profit margin should rise over the years.
Can be influenced when Agricultural Bank Of China sells assets (profit will increase while costs remain the same).
It won’t show what part of Agricultural Bank Of China 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 Agricultural Bank Of China

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 Agricultural Bank Of China = 68,560,000
Total revenue MRQ Agricultural Bank Of China = 177,444,000
$68,560,000 / $177,444,000 = 0.39 or 38.6%

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 Agricultural Bank Of China is using its assets to generate profit.

Above 5% is considered healthy but always compare Agricultural Bank Of China to the Banks-Diversified industry mean.
0.2% Return on Assets means that Agricultural Bank Of China generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Agricultural Bank Of China:

The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.2%	TTM	0.2%	+0.0%
TTM	0.2%	YOY	0.2%	0.0%
TTM	0.2%	5Y	0.2%	0.0%
5Y	0.2%	10Y	0.2%	+0.0%

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
MRQ	0.2%	0.3%	-0.1%
TTM	0.2%	0.2%	0.0%
YOY	0.2%	0.2%	+0.0%
5Y	0.2%	0.2%	+0.0%
10Y	0.2%	0.2%	+0.0%

Shows how efficient Agricultural Bank Of China 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 Agricultural Bank Of China to the Banks-Diversified 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 Agricultural Bank Of China is using its resources to generate profit. If the return on assets (0.2%) from Agricultural Bank Of China are higher than the Banks-Diversified mean (0.3%) that means Agricultural Bank Of China 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 Agricultural Bank Of China is 0.2%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks-Diversified industry is 0.3%.
What is the trend?
The trend is important because it shows you how Agricultural Bank Of China is performing over time. The most recent quarter might be important if Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China

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

Income statement
Balance sheet

Net income MRQ (income statement) from Agricultural Bank Of China = 68,560,000
Total assets MRQ (balance sheet) from Agricultural Bank Of China = 33,826,452,000
68,560,000 / 33,826,452,000 = 0.00 or 0.2%

ROA is an important ratio as it will tell you how effectively Agricultural Bank Of China 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 Agricultural Bank Of China is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Agricultural Bank Of China to the Banks-Diversified industry mean.
2.6% Return on Equity means Agricultural Bank Of China generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Agricultural Bank Of China:

The MRQ is 2.6%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.5%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.6%	TTM	2.5%	+0.1%
TTM	2.5%	YOY	2.6%	-0.1%
TTM	2.5%	5Y	2.8%	-0.3%
5Y	2.8%	10Y	3.0%	-0.1%

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
MRQ	2.6%	3.6%	-1.0%
TTM	2.5%	4.1%	-1.6%
YOY	2.6%	3.7%	-1.1%
5Y	2.8%	3.8%	-1.0%
10Y	3.0%	3.6%	-0.6%

Shows how efficient Agricultural Bank Of China 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 Agricultural Bank Of China to the Banks-Diversified industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Banks-Diversified 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 Agricultural Bank Of China is 2.6%. This means Agricultural Bank Of China generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks-Diversified industry is 3.6%.
What is the trend?
The trend is important because it shows you how Agricultural Bank Of China is performing over time. The most recent quarter might be important if Agricultural Bank Of China 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 Agricultural Bank Of China up to 10 years back (depending if Agricultural Bank Of China 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 Agricultural Bank Of China

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Agricultural Bank Of China = 68,560,000
Shareholders equity (balance sheet) MRQ Agricultural Bank Of China = 2,625,417,000
68,560,000 / 2,625,417,000 = 0.03 or 2.6%

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 Agricultural Bank Of China.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Agricultural Bank Of China is operating .

Measures how much profit Agricultural Bank Of China 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 Agricultural Bank Of China to the Banks-Diversified industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Agricultural Bank Of China:

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

Trends

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

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
MRQ	-	82.1%	-82.1%
TTM	-	62.8%	-62.8%
YOY	-	53.7%	-53.7%
5Y	-	47.5%	-47.5%
10Y	-	42.8%	-42.8%

Measures how efficient Agricultural Bank Of China 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 Agricultural Bank Of China to the Banks-Diversified 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 Agricultural Bank Of China 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 Agricultural Bank Of China is 0.0%. This means that Agricultural Bank Of China earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks-Diversified industry is 82.1%.
What is the trend?
The trend is important because it shows you how Agricultural Bank Of China is performing over time. The most recent quarter might be important if Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Agricultural Bank Of China =
Total revenue MRQ Agricultural Bank Of China = 177,444,000
$ / $177,444,000 = 0.00 or 0.0%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Agricultural Bank Of China is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks-Diversified industry mean).
An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Agricultural Bank Of China:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.000
TTM	-	YOY	-	0.000
TTM	-	5Y	0.188	-0.188
5Y	0.188	10Y	0.236	-0.048

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
MRQ	-	0.492	-0.492
TTM	-	0.472	-0.472
YOY	-	0.470	-0.470
5Y	0.188	0.291	-0.103
10Y	0.236	0.385	-0.149

Measures how efficient Agricultural Bank Of China 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 Agricultural Bank Of China to the Banks-Diversified 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 Agricultural Bank Of China is 0.0%. This means that Agricultural Bank Of China earned $0.00 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks-Diversified industry is 0.49.
What is the trend?
The trend is important because it shows you how Agricultural Bank Of China is performing over time. The most recent quarter might be important if Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China

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
( +) \ 177,444,000 = 0.00

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 Agricultural Bank Of China.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Agricultural Bank Of China is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks-Diversified industry mean).
A Current Ratio of 0.21 means the company has $0.21 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Agricultural Bank Of China:

The MRQ is 0.215. The company is unable to pay all its short-term debts. -2
The TTM is 0.189. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.215	TTM	0.189	+0.026
TTM	0.189	YOY	0.202	-0.013
TTM	0.189	5Y	0.229	-0.041
5Y	0.229	10Y	0.223	+0.006

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
MRQ	0.215	0.366	-0.151
TTM	0.189	0.376	-0.187
YOY	0.202	0.422	-0.220
5Y	0.229	0.401	-0.172
10Y	0.223	0.370	-0.147

Measures if Agricultural Bank Of China is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Banks-Diversified 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 Agricultural Bank Of China 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 Agricultural Bank Of China is 0.21. This means Agricultural Bank Of China has $0.21 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks-Diversified industry is 0.37.
What is the trend?
The trend is important because it shows you how Agricultural Bank Of China is performing over time. The most recent quarter might be important if Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
5,912,259,000 \ 27,512,794,000) = 0.21

The current ratio measures if Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Agricultural Bank Of China to the Banks-Diversified industry mean.
A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Agricultural Bank Of China:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	0.002	-0.002
TTM	0.002	YOY	0.002	-0.001
TTM	0.002	5Y	0.026	-0.024
5Y	0.026	10Y	0.031	-0.005

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
MRQ	-	0.077	-0.077
TTM	0.002	0.092	-0.090
YOY	0.002	0.117	-0.115
5Y	0.026	0.102	-0.076
10Y	0.031	0.088	-0.057

Measures if Agricultural Bank Of China 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 Agricultural Bank Of China to the Banks-Diversified 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 Agricultural Bank Of China can pay off its short term debts. This shows if Agricultural Bank Of China 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 Agricultural Bank Of China is 0.00. This means that Agricultural Bank Of China can pay off $0.00 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks-Diversified industry is 0.08.
What is the trend?
The trend is important because it shows you how Agricultural Bank Of China is performing over time. The most recent quarter might be important if Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China

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 Agricultural Bank Of China: ( + +) / 27,512,794,000 = 0.00

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 Agricultural Bank Of China.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Agricultural Bank Of China assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Agricultural Bank Of China to Banks-Diversified industry mean.
A Debt to Asset Ratio of 0.92 means that Agricultural Bank Of China assets are financed with 92.2% credit (debt) and the remaining percentage (100% - 92.2%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Agricultural Bank Of China:

The MRQ is 0.922. The company is just able to pay all its debts by selling its assets.
The TTM is 0.920. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.922	TTM	0.920	+0.002
TTM	0.920	YOY	0.920	0.000
TTM	0.920	5Y	0.923	-0.004
5Y	0.923	10Y	0.886	+0.037

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
MRQ	0.922	0.940	-0.018
TTM	0.920	0.940	-0.020
YOY	0.920	0.936	-0.016
5Y	0.923	0.935	-0.012
10Y	0.886	0.934	-0.048

Measures how much % of Agricultural Bank Of China assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Agricultural Bank Of China than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Agricultural Bank Of China to Banks-Diversified 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 Agricultural Bank Of China is 0.92. This means means that Agricultural Bank Of China is financed with 92.2% 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 Banks-Diversified industry is 36.6%.
What is the trend?
The trend is important because it shows you how Agricultural Bank Of China is performing over time. The most recent quarter might be important if Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Agricultural Bank Of China

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

Balance sheet
Debt to asset ratio = total debt \ total assets
31,194,574,000 \ 33,826,452,000 = 92.2% or 0.92.

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 Agricultural Bank Of China is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Agricultural Bank Of China to the Banks-Diversified industry mean.
A Debt to Equity ratio of 1,188.2% means that company has $11.88 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Agricultural Bank Of China:

The MRQ is 11.882. The company is unable to pay all its debts with equity. -1
The TTM is 11.501. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	11.882	TTM	11.501	+0.381
TTM	11.501	YOY	11.533	-0.032
TTM	11.501	5Y	12.317	-0.817
5Y	12.317	10Y	12.121	+0.196

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
MRQ	11.882	15.662	-3.780
TTM	11.501	15.662	-4.161
YOY	11.533	14.668	-3.135
5Y	12.317	15.052	-2.735
10Y	12.121	14.666	-2.545

Measures if Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China is 11.88. This means that Agricultural Bank Of China can pay off $11.88 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks-Diversified industry is 15.66.
What is the trend?
The trend is important because it shows you how Agricultural Bank Of China is performing over time. The most recent quarter might be important if Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
31,194,574,000 \ 2,625,417,000 = 11.88 or 1,188.2%

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 Agricultural Bank Of China

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Agricultural Bank Of China generates.

Above 15 is considered overpriced but always compare Agricultural Bank Of China to the Banks-Diversified industry mean.
A PE ratio of 1.58 means the investor is paying $1.58 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Agricultural Bank Of China:

The EOD is 1.838. Very good. +2
The MRQ is 1.582. Very good. +2
The TTM is 2.122. Very good. +2

Trends

Current period		Compared to		+/-
EOD	1.838	MRQ	1.582	+0.255
MRQ	1.582	TTM	2.122	-0.539
TTM	2.122	YOY	2.356	-0.234
TTM	2.122	5Y	2.696	-0.574
5Y	2.696	10Y	2.871	-0.175

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
EOD	1.838	13.465	-11.627
MRQ	1.582	12.351	-10.769
TTM	2.122	13.850	-11.728
YOY	2.356	15.309	-12.953
5Y	2.696	17.572	-14.876
10Y	2.871	19.386	-16.515

Measures how much money you pay for each share for every $1 in earnings Agricultural Bank Of China 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 Agricultural Bank Of China to the Banks-Diversified 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 Agricultural Bank Of China is 1.58. This means the investor is paying $1.58 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks-Diversified industry is 12.35.
What is the trend?
The trend is important because it shows you how Agricultural Bank Of China is performing over time. The most recent quarter might be important if Agricultural Bank Of China 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 Agricultural Bank Of China 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 Agricultural Bank Of China

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
68,560,000 \ 349,983,034 = EPS
PE ratio MRQ = 1.58

* 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 Earnings to Growth Ratio

Measures the predicted future growth of Agricultural Bank Of China.

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

Let's take a look of the Price Earnings to Growth Ratio trends of Agricultural Bank Of China:

The MRQ is 1.343. Seems overpriced? -1
The TTM is 2.401. Seems overpriced? -1

Trends

Current period		Compared to		+/-
MRQ	1.343	TTM	2.401	-1.058
TTM	2.401	YOY	2.481	-0.080
TTM	2.401	5Y	4.245	-1.844
5Y	4.245	10Y	5.133	-0.887

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
MRQ	1.343	11.805	-10.462
TTM	2.401	14.276	-11.875
YOY	2.481	15.192	-12.711
5Y	4.245	25.265	-21.020
10Y	5.133	43.448	-38.315

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Agricultural Bank Of China is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Banks-Diversified industry mean).
A PB ratio of 0.04 means the investor is paying $0.04 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Agricultural Bank Of China:

The EOD is 0.048. Very good. +2
The MRQ is 0.041. Very good. +2
The TTM is 0.048. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.048	MRQ	0.041	+0.007
MRQ	0.041	TTM	0.048	-0.007
TTM	0.048	YOY	0.057	-0.009
TTM	0.048	5Y	0.065	-0.017
5Y	0.065	10Y	0.078	-0.013

Compared to industry (Banks-Diversified)

Period	Company	Industry (mean)	+/-
EOD	0.048	0.710	-0.662
MRQ	0.041	0.643	-0.602
TTM	0.048	0.628	-0.580
YOY	0.057	0.664	-0.607
5Y	0.065	0.712	-0.647
10Y	0.078	0.815	-0.737

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Agricultural Bank Of China 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	-	-	0.302	0.218	+39%	0.116	+160%	0.157	+93%	0.313	-4%
Book Value Growth	-	-	1.042	1.031	+1%	1.018	+2%	1.141	-9%	1.546	-33%
Book Value Per Share	-	-	7.520	7.224	+4%	6.479	+16%	5.800	+30%	5.234	+44%
Book Value Per Share Growth	-	-	1.042	1.031	+1%	1.018	+2%	1.030	+1%	1.104	-6%
Current Ratio	-	-	0.215	0.189	+14%	0.202	+7%	0.229	-6%	0.223	-4%
Debt To Asset Ratio	-	-	0.922	0.920	+0%	0.920	+0%	0.923	0%	0.886	+4%
Debt To Equity Ratio	-	-	11.882	11.501	+3%	11.533	+3%	12.317	-4%	12.121	-2%
Dividend Per Share	-	-	0.242	0.079	+206%	0.006	+4281%	0.062	+289%	0.062	+292%
Dividend Per Share Growth	-	-	3.821	4.322	-12%	0.757	+405%	4.543	-16%	4.499	-15%
Eps	-	-	0.196	0.170	+15%	0.163	+20%	0.153	+28%	0.146	+35%
Eps Growth	-	-	1.178	1.093	+8%	1.082	+9%	1.090	+8%	1.212	-3%
Free Cash Flow Per Share	-	-	1.365	1.038	+31%	0.251	+445%	0.124	+997%	0.045	+2901%
Free Cash Flow Per Share Growth	-	-	0.888	3.642	-76%	2.435	-64%	2.081	-57%	1.871	-53%
Free Cash Flow To Equity Per Share	-	-	4.798	4.040	+19%	1.244	+286%	1.675	+186%	1.484	+223%
Free Cash Flow To Equity Per Share Growth	-	-	0.848	8.669	-90%	3.977	-79%	21.658	-96%	19.729	-96%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	272.382	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	61.478	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	7.513	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	2.452	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	37.650	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	10.623	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	85.963	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	22.299	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	0.386	0.341	+13%	0.337	+15%	0.355	+9%	0.368	+5%
Operating Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Ratio	-	-	-	-	0%	-	0%	0.188	-100%	0.236	-100%
Pb Ratio	0.048	+14%	0.041	0.048	-14%	0.057	-28%	0.065	-36%	0.078	-47%
Pe Ratio	1.838	+14%	1.582	2.122	-25%	2.356	-33%	2.696	-41%	2.871	-45%
Peg Ratio	-	-	1.343	2.401	-44%	2.481	-46%	4.245	-68%	5.133	-74%
Price Per Share	0.360	+14%	0.310	0.346	-10%	0.371	-16%	0.360	-14%	0.358	-13%
Price To Total Gains Ratio	0.661	+14%	0.570	3.009	-81%	-3.449	+706%	0.757	-25%	0.652	-13%
Profit Growth	-	-	1.178	1.036	+14%	1.049	+12%	1.156	+2%	1.542	-24%
Quick Ratio	-	-	-	0.002	-100%	0.002	-100%	0.026	-100%	0.031	-100%
Return On Assets	-	-	0.002	0.002	+2%	0.002	-3%	0.002	-4%	0.002	-2%
Return On Equity	-	-	0.026	0.025	+5%	0.026	0%	0.028	-7%	0.030	-12%
Revenue Growth	-	-	0.978	1.003	-3%	1.037	-6%	1.144	-15%	1.509	-35%
Total Gains Per Share	-	-	0.544	0.297	+83%	0.122	+347%	0.219	+149%	0.375	+45%
Total Gains Per Share Growth	-	-	13.431	4.047	+232%	3.618	+271%	1.875	+616%	28.236	-52%
Usd Book Value	-	-	2631878000000.000	2528419750000.000	+4%	2267664750000.000	+16%	2030291250000.000	+30%	1769111841440.671	+49%
Usd Book Value Change Per Share	-	-	0.302	0.218	+39%	0.116	+160%	0.157	+93%	0.313	-4%
Usd Book Value Per Share	-	-	7.520	7.224	+4%	6.479	+16%	5.800	+30%	5.234	+44%
Usd Dividend Per Share	-	-	0.242	0.079	+206%	0.006	+4281%	0.062	+289%	0.062	+292%
Usd Eps	-	-	0.196	0.170	+15%	0.163	+20%	0.153	+28%	0.146	+35%
Usd Free Cash Flow	-	-	477805000000.000	363394250000.000	+31%	87738250000.000	+445%	75384000000.000	+534%	62820000000.000	+661%
Usd Free Cash Flow Per Share	-	-	1.365	1.038	+31%	0.251	+445%	0.124	+997%	0.045	+2901%
Usd Free Cash Flow To Equity Per Share	-	-	4.798	4.040	+19%	1.244	+286%	1.675	+186%	1.484	+223%
Usd Price Per Share	0.360	+14%	0.310	0.346	-10%	0.371	-16%	0.360	-14%	0.358	-13%
Usd Profit	-	-	68560000000.000	62994750000.000	+9%	59324750000.000	+16%	55122300000.000	+24%	50241048469.048	+36%
Usd Revenue	-	-	177444000000.000	184861750000.000	-4%	175938000000.000	+1%	156945150000.000	+13%	141522665975.385	+25%
Usd Total Gains Per Share	-	-	0.544	0.297	+83%	0.122	+347%	0.219	+149%	0.375	+45%
	EOD	+2 -3	MRQ	TTM	+30 -10	YOY	+31 -9	5Y	+30 -11	10Y	+23 -18

3.2. Fundamental Score

Let's check the fundamental score of Agricultural Bank Of China based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	1.838
Price to Book Ratio (EOD)	Between	0-1	0.048
Net Profit Margin (MRQ)	Greater than	0	0.386
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.000
Current Ratio (MRQ)	Greater than	1	0.215
Debt to Asset Ratio (MRQ)	Less than	1	0.922
Debt to Equity Ratio (MRQ)	Less than	1	11.882
Return on Equity (MRQ)	Greater than	0.15	0.026
Return on Assets (MRQ)	Greater than	0.05	0.002
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

3.3. Technical Score

Let's check the technical score of Agricultural Bank Of China based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	0.360
Total			0/1 (0.0%)

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

Latest Balance Sheet

Balance Sheet of 2022-09-30. Currency in USD. All numbers in thousands.

Summary

Total Assets	33,826,452,000
Total Liabilities	31,194,574,000
Total Stockholder Equity	2,625,417,000

	As reported
Total Liabilities	31,194,574,000
Total Stockholder Equity	+ 2,625,417,000
Total Assets	= 33,826,452,000

Assets

Total Assets	33,826,452,000
Total Current Assets	5,912,259,000
Long-term Assets	5,912,259,000

Total Current Assets

Total Current Assets (as reported)	5,912,259,000
Cash And Cash Equivalents	3,888,981,000
Other Current Assets	851,220,000
Total Current Assets (calculated)	4,740,201,000
+/-	1,172,058,000

Long-term Assets

Long-term Assets (as reported)	0
Property Plant Equipment	147,827,000
Goodwill	1,381,000
Long Term Investments	9,360,991,000
Intangible Assets	26,919,000
Long-term Assets (calculated)	9,537,118,000
+/-	9,537,118,000

Liabilities & Shareholders' Equity

Total Current Liabilities	27,512,794,000
Long-term Liabilities	-
Total Stockholder Equity	2,625,417,000

Total Current Liabilities

Total Current Liabilities (as reported)	27,512,794,000
Accounts payable	27,459,506,000
Total Current Liabilities (calculated)	27,459,506,000
+/-	53,288,000

Long-term Liabilities

Long-term Liabilities (as reported)	0
Long-term Liabilities (calculated)	0
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,625,417,000
Common Stock	349,983,000
Retained Earnings	1,611,821,000
Other Stockholders Equity	410,158,000
Total Stockholder Equity (calculated)	2,371,962,000
+/-	253,455,000

Other

Capital Stock	429,882,000
Common Stock Shares Outstanding	349,983,034
Net Invested Capital	4,814,813,000
Net Tangible Assets	2,544,137,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

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

> Total Assets

0
20,323,984,000
606,353,846
6,632,783,959
21,053,382,000
21,639,047,000
21,920,851,000
22,700,325,000
22,609,471,000
23,657,926,000
23,975,153,000
24,870,961,000
24,878,288,000
26,226,388,000
26,472,127,000
27,296,753,000
27,205,047,000
28,547,154,000
28,652,363,000
28,988,663,000
29,069,155,000
30,888,302,000
32,426,420,000
33,826,452,000

33,826,452,000

32,426,420,000

30,888,302,000

29,069,155,000

28,988,663,000

28,652,363,000

28,547,154,000

27,205,047,000

27,296,753,000

26,472,127,000

26,226,388,000

24,878,288,000

24,870,961,000

23,975,153,000

23,657,926,000

22,609,471,000

22,700,325,000

21,920,851,000

21,639,047,000

21,053,382,000

6,632,783,959

606,353,846

20,323,984,000

> Total Current Assets

4,861,352,000
4,613,622,000
138,426,466
1,375,860,834
4,674,592,000
6,490,364,000
4,315,247,000
4,148,917,000
4,368,111,000
6,438,607,000
4,321,976,000
6,682,140,000
4,727,371,000
5,477,478,000
4,835,371,000
5,156,994,000
4,789,111,000
5,316,489,000
4,710,584,000
4,687,739,000
4,234,349,000
4,958,220,000
5,267,115,000
5,912,259,000

5,912,259,000

5,267,115,000

4,958,220,000

4,234,349,000

4,687,739,000

4,710,584,000

5,316,489,000

4,789,111,000

5,156,994,000

4,835,371,000

5,477,478,000

4,727,371,000

6,682,140,000

4,321,976,000

6,438,607,000

4,368,111,000

4,148,917,000

4,315,247,000

6,490,364,000

4,674,592,000

1,375,860,834

138,426,466

4,613,622,000

4,861,352,000

Cash And Cash Equivalents

451,988,000
954,362,000
7,171,972
314,833,413
459,657,000
1,042,415,000
306,086,000
1,028,663,000
397,936,000
771,094,000
3,370,978,000
3,684,149,000
6,188,778,000
3,596,599,000
5,888,927,000
3,636,593,000
3,505,765,000
3,596,234,000
3,390,931,000
3,405,543,000
26,612,847,000
28,598,496,000
3,775,147,000
3,888,981,000

3,888,981,000

3,775,147,000

28,598,496,000

26,612,847,000

3,405,543,000

3,390,931,000

3,596,234,000

3,505,765,000

3,636,593,000

5,888,927,000

3,596,599,000

6,188,778,000

3,684,149,000

3,370,978,000

771,094,000

397,936,000

1,028,663,000

306,086,000

1,042,415,000

459,657,000

314,833,413

7,171,972

954,362,000

451,988,000

Short-term Investments

1,436,479,000
1,506,394,000
39,992,308
370,959,899
1,173,906,000
1,197,202,000
996,844,000
1,160,758,000
1,022,687,000
1,451,875,000
1,085,595,000
1,143,899,000
0
0
0
0
0
0
0
0
0
0
0
0

1,143,899,000

1,085,595,000

1,451,875,000

1,022,687,000

1,160,758,000

996,844,000

1,197,202,000

1,173,906,000

370,959,899

39,992,308

1,506,394,000

1,436,479,000

Net Receivables

97,098,000
0
2,758,709
0
39,653,000
0
87,865,000
0
55,996,000
0
166,666,000
0
79,869,000
0
140,912,000
0
99,466,000
0
147,554,000
0
75,835,000
0
141,176,000
0

141,176,000

75,835,000

147,554,000

99,466,000

140,912,000

79,869,000

166,666,000

55,996,000

87,865,000

39,653,000

2,758,709

97,098,000

Inventory

1,945,000
0
77,395
0
2,666,000
0
3,371,000
0
667,000
0
730,000
0
594,000
0
746,000
0
716,000
0
1,001,000
0
899,000
0
890,000
0

890,000

899,000

1,001,000

716,000

746,000

594,000

730,000

667,000

3,371,000

2,666,000

77,395

1,945,000

Other Current Assets

2,718,764,000
1,988,694,000
83,227,498
631,411,000
2,775,786,000
2,136,538,000
2,889,891,000
1,910,094,000
2,607,093,000
1,386,614,000
2,468,084,000
1,858,551,000
2,495,257,000
1,031,897,000
2,279,947,000
1,504,468,000
2,267,841,000
1,106,940,000
2,259,866,000
1,448,951,000
2,125,789,000
1,366,786,000
2,323,699,000
851,220,000

851,220,000

2,323,699,000

1,366,786,000

2,125,789,000

1,448,951,000

2,259,866,000

1,106,940,000

2,267,841,000

1,504,468,000

2,279,947,000

1,031,897,000

2,495,257,000

1,858,551,000

2,468,084,000

1,386,614,000

2,607,093,000

1,910,094,000

2,889,891,000

2,136,538,000

2,775,786,000

631,411,000

83,227,498

1,988,694,000

2,718,764,000

> Long-term Assets

Property Plant Equipment

158,669,000
155,622,000
4,515,945
48,245,047
155,258,000
152,946,000
150,640,000
149,250,000
152,452,000
149,321,000
178,961,000
146,908,000
163,289,000
149,744,000
158,214,000
147,290,000
161,350,000
149,077,000
159,303,000
148,391,000
163,490,000
150,468,000
159,432,000
147,827,000

147,827,000

159,432,000

150,468,000

163,490,000

148,391,000

159,303,000

149,077,000

161,350,000

147,290,000

158,214,000

149,744,000

163,289,000

146,908,000

178,961,000

149,321,000

152,452,000

149,250,000

150,640,000

152,946,000

155,258,000

48,245,047

4,515,945

155,622,000

158,669,000

Goodwill

1,381,000
1,381,000
40,701
437,787
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000
1,381,000

1,381,000

437,787

40,701

1,381,000

Long Term Investments

5,110,692,000
5,542,882,000
164,803,360
1,851,216,992
5,772,201,000
4,020,439,000
6,296,356,000
6,691,621,000
6,503,746,000
1,825,535,000
720,561,000
862,281,000
832,977,000
862,254,000
893,063,000
835,885,000
653,871,000
6,367,035,000
8,028,363,000
8,039,863,000
6,863,038,000
8,519,977,000
9,007,820,000
9,360,991,000

9,360,991,000

9,007,820,000

8,519,977,000

6,863,038,000

8,039,863,000

8,028,363,000

6,367,035,000

653,871,000

835,885,000

893,063,000

862,254,000

832,977,000

862,281,000

720,561,000

1,825,535,000

6,503,746,000

6,691,621,000

6,296,356,000

4,020,439,000

5,772,201,000

1,851,216,992

164,803,360

5,542,882,000

5,110,692,000

Intangible Assets

25,266,000
0
734,247
0
24,535,000
24,120,000
23,985,000
0
23,575,000
23,225,000
23,155,000
22,842,000
23,118,000
23,027,000
22,770,000
22,706,000
23,494,000
23,541,000
23,575,000
25,077,000
26,572,000
26,513,000
26,564,000
26,919,000

26,919,000

26,564,000

26,513,000

26,572,000

25,077,000

23,575,000

23,541,000

23,494,000

22,706,000

22,770,000

23,027,000

23,118,000

22,842,000

23,155,000

23,225,000

23,575,000

23,985,000

24,120,000

24,535,000

734,247

25,266,000

> Total Liabilities

0
18,957,939,000
566,317,271
6,186,006,340
19,623,985,000
20,175,420,000
20,351,140,000
21,065,457,000
20,934,684,000
21,920,411,000
22,237,018,000
22,947,501,000
22,918,526,000
24,193,551,000
24,379,118,000
25,132,374,000
24,994,301,000
26,276,758,000
26,389,996,000
26,661,513,000
26,647,796,000
28,354,073,000
29,900,207,000
31,194,574,000

31,194,574,000

29,900,207,000

28,354,073,000

26,647,796,000

26,661,513,000

26,389,996,000

26,276,758,000

24,994,301,000

25,132,374,000

24,379,118,000

24,193,551,000

22,918,526,000

22,947,501,000

22,237,018,000

21,920,411,000

20,934,684,000

21,065,457,000

20,351,140,000

20,175,420,000

19,623,985,000

6,186,006,340

566,317,271

18,957,939,000

> Total Current Liabilities

0
16,990,524,000
550,432,862
5,536,555,714
18,943,203,000
18,217,031,000
19,684,809,000
18,592,649,000
20,254,437,000
19,674,170,000
21,496,038,000
20,111,040,000
22,102,323,000
21,242,759,000
23,774,742,000
22,226,914,000
24,373,448,000
23,248,388,000
25,797,216,000
23,577,528,000
26,117,238,000
25,123,576,000
29,309,941,000
27,512,794,000

27,512,794,000

29,309,941,000

25,123,576,000

26,117,238,000

23,577,528,000

25,797,216,000

23,248,388,000

24,373,448,000

22,226,914,000

23,774,742,000

21,242,759,000

22,102,323,000

20,111,040,000

21,496,038,000

19,674,170,000

20,254,437,000

18,592,649,000

19,684,809,000

18,217,031,000

18,943,203,000

5,536,555,714

550,432,862

16,990,524,000

Short-term Debt

1,207,878,000
1,340,570,000
38,605,894
39,251,862
1,267,597,000
90,838,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

90,838,000

1,267,597,000

39,251,862

38,605,894

1,340,570,000

1,207,878,000

Short Long Term Debt

1,207,878,000
1,340,570,000
38,605,894
39,251,862
1,267,597,000
90,838,000
1,170,420,000
76,760,000
1,494,273,000
0
1,347,196,000
0
0
0
0
0
0
0
0
0
0
0
0
0

1,347,196,000

1,494,273,000

76,760,000

1,170,420,000

90,838,000

1,267,597,000

39,251,862

38,605,894

1,340,570,000

1,207,878,000

Accounts payable

0
16,822,242,000
502,175,066
5,483,812,649
17,171,478,000
17,780,002,000
18,005,618,000
18,461,259,000
18,266,848,000
19,649,778,000
19,586,436,000
20,048,971,000
19,818,995,000
21,169,956,000
21,417,498,000
22,122,155,000
21,496,075,000
23,202,397,000
23,057,690,000
23,562,338,000
23,208,845,000
25,096,401,000
25,939,837,000
27,459,506,000

27,459,506,000

25,939,837,000

25,096,401,000

23,208,845,000

23,562,338,000

23,057,690,000

23,202,397,000

21,496,075,000

22,122,155,000

21,417,498,000

21,169,956,000

19,818,995,000

20,048,971,000

19,586,436,000

19,649,778,000

18,266,848,000

18,461,259,000

18,005,618,000

17,780,002,000

17,171,478,000

5,483,812,649

502,175,066

16,822,242,000

Other Current Liabilities

415,153,000
15,974,000
6,356,410
5,935,013
104,240,000
54,313,000
136,432,000
12,709,000
121,581,000
0
163,021,000
0
179,860,000
0
245,200,000
0
237,025,000
0
188,832,000
0
249,144,000
1,000
219,571,000
0

219,571,000

1,000

249,144,000

188,832,000

237,025,000

245,200,000

179,860,000

163,021,000

121,581,000

12,709,000

136,432,000

54,313,000

104,240,000

5,935,013

6,356,410

15,974,000

415,153,000

> Long-term Liabilities

Deferred Long Term Liability

3,103,000
0
82,375
0
2,672,000
0
2,316,000
0
2,196,000
0
1,600,000
0
1,792,000
0
1,748,000
0
2,233,000
0
2,225,000
0
2,718,000
0
2,707,000
0

2,707,000

2,718,000

2,225,000

2,233,000

1,748,000

1,792,000

1,600,000

2,196,000

2,316,000

2,672,000

82,375

3,103,000

> Total Stockholder Equity

1,238,294,000
1,282,845,000
37,586,236
420,377,873
1,346,516,000
1,380,093,000
1,485,327,000
1,550,481,000
1,590,395,000
1,732,411,000
1,732,667,000
1,917,649,000
1,948,355,000
2,021,002,000
2,082,127,000
2,153,348,000
2,204,789,000
2,264,143,000
2,255,845,000
2,320,428,000
2,414,605,000
2,527,653,000
2,519,496,000
2,625,417,000

2,625,417,000

2,519,496,000

2,527,653,000

2,414,605,000

2,320,428,000

2,255,845,000

2,264,143,000

2,204,789,000

2,153,348,000

2,082,127,000

2,021,002,000

1,948,355,000

1,917,649,000

1,732,667,000

1,732,411,000

1,590,395,000

1,550,481,000

1,485,327,000

1,380,093,000

1,346,516,000

420,377,873

37,586,236

1,282,845,000

1,238,294,000

Common Stock

324,794,000
324,794,000
9,572,473
102,962,118
324,794,000
324,794,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000
349,983,000

349,983,000

324,794,000

102,962,118

9,572,473

324,794,000

Retained Earnings

809,524,000
863,034,000
25,366,991
289,148,835
942,671,000
962,852,000
961,797,000
1,017,617,000
1,046,391,000
711,817,000
673,396,000
732,608,000
1,193,027,000
1,255,014,000
1,235,999,000
1,287,299,000
1,335,760,000
1,399,685,000
1,388,362,000
1,446,016,000
1,498,363,000
1,567,177,000
1,550,038,000
1,611,821,000

1,611,821,000

1,550,038,000

1,567,177,000

1,498,363,000

1,446,016,000

1,388,362,000

1,399,685,000

1,335,760,000

1,287,299,000

1,235,999,000

1,255,014,000

1,193,027,000

732,608,000

673,396,000

711,817,000

1,046,391,000

1,017,617,000

961,797,000

962,852,000

942,671,000

289,148,835

25,366,991

863,034,000

809,524,000

Capital Surplus

Treasury Stock

Other Stockholders Equity

5,203,000
-3,756,000
-264,309
-3,044,857
-19,722,000
-6,326,000
-26,000
9,332,000
20,465,000
23,531,000
24,455,000
230,110,000
151,890,000
162,550,000
242,690,000
262,611,000
265,591,000
261,020,000
264,045,000
270,974,000
312,804,000
357,038,000
366,020,000
410,158,000

410,158,000

366,020,000

357,038,000

312,804,000

270,974,000

264,045,000

261,020,000

265,591,000

262,611,000

242,690,000

162,550,000

151,890,000

230,110,000

24,455,000

23,531,000

20,465,000

9,332,000

-26,000

-6,326,000

-19,722,000

-3,044,857

-264,309

-3,756,000

5,203,000

Balance Sheet

Currency in USD. All numbers in thousands.

	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
Accounts Payable	23,208,845,000	21,496,075,000	20,117,375,000	18,266,848,000	17,171,478,000	16,195,827,000	14,761,837,000	13,366,154,000	-
Accumulated Amortization	-	-	-	0	0	0	0	-	-
Accumulated Depreciation	-	-	-	0	0	0	0	-	-
Accumulated Other Comprehensive Income	-	-	-	0	0	0	0	-	-
Additional Paid In Capital	-	-	-	0	0	0	0	-	-
Capital Lease Obligations	-	-	-	0	0	0	0	-	-
Capital Stock	429,882,000	429,882,000	429,882,000	429,882,000	-	-	-	-	-
Capital Surpluse	-	-	-	0	0	0	0	-	-
Cash	26,612,847,000	3,505,765,000	6,188,778,000	6,293,223,000	6,460,760,000	6,886,025,000	478,702,000	377,468,000	322,365,000
Cash And Short Term Investments	-	-	-	0	0	0	0	-	-
Common Stock	349,983,000	349,983,000	349,983,000	349,983,000	324,794,000	324,794,000	324,794,000	324,794,000	324,794,000
Common Stock Shares Outstanding	349,983,034	349,983,034	349,983,034	349,983,034	324,794,117	0	0	-	-
Common Stock Total Equity	-	-	-	0	0	0	0	-	-
Deferred Long Term Asset Charges	-	-	-	0	0	0	0	-	-
Deferred Long Term Liab	2,718,000	2,233,000	1,792,000	2,196,000	2,672,000	3,103,000	3,587,000	3,649,000	3,480,000
Good Will	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000
Intangible Assets	26,572,000	23,494,000	23,118,000	23,575,000	24,535,000	25,266,000	25,776,000	26,117,000	26,484,000
Inventory	899,000	716,000	594,000	667,000	2,666,000	1,945,000	1,699,000	487,000	873,000
Liabilities And Stockholders Equity	-	-	-	0	0	0	0	-	-
Long Term Debt	-	-	-	320,324,000	257,289,000	216,164,000	195,988,000	183,904,000	144,192,000
Long Term Debt Total	-	-	-	0	0	0	0	-	-
Long Term Investments	6,863,038,000	653,871,000	832,977,000	2,422,326,000	5,522,031,000	4,740,661,000	4,262,437,000	3,268,411,000	2,994,955,000
Negative Goodwill	-	-	-	0	0	0	0	-	-
Net Debt	-	-	319,224,000	97,664,000	-	-	-	-	-
Net Invested Capital	4,133,468,000	3,887,395,000	3,302,031,000	2,696,609,000	2,101,594,000	-	-	-	-
Net Receivables	75,835,000	98,274,000	78,765,000	55,996,000	39,653,000	97,098,000	71,577,000	30,240,000	28,002,000
Net Tangible Assets	2,306,753,000	2,100,015,000	1,843,957,000	1,565,439,000	1,320,600,000	1,211,647,000	1,103,035,000	963,624,000	815,243,000
Non Current Assets Total	-	-	-	0	0	0	0	-	-
Non Current Liabilities Other	-	-	-	0	0	0	0	-	-
Non Current Liabilities Total	-	-	-	0	0	0	0	-	-
Non Currrent Assets Other	-	-	-	0	0	0	0	-	-
Noncontrolling Interest In Consolidated Entity	-	-	-	0	0	0	0	-	-
Other Assets	16,578,512,000	14,667,009,000	12,924,539,000	11,560,206,000	10,425,415,000	9,412,701,000	8,599,699,000	8,076,460,000	7,156,104,000
Other Current Assets	2,125,789,000	2,267,841,000	2,101,803,000	2,383,538,000	2,775,786,000	2,718,764,000	2,420,422,000	2,576,570,000	2,474,644,000
Other Current Liab	249,144,000	270,381,000	179,299,000	121,767,000	104,240,000	415,153,000	518,875,000	437,372,000	381,854,000
Other Liab	84,789,000	125,378,000	127,551,000	359,923,000	424,188,000	85,591,000	104,890,000	95,383,000	81,653,000
Other Stockholder Equity	312,804,000	265,591,000	151,890,000	20,465,000	-19,722,000	5,203,000	22,266,000	2,265,000	-23,777,000
Preferred Stock Redeemable	-	-	-	0	0	0	0	-	-
Preferred Stock Total Equity	-	-	-	0	0	0	0	-	-
Property Plant And Equipment Gross	-	-	-	0	0	0	0	-	-
Property Plant Equipment	163,490,000	161,350,000	163,289,000	152,452,000	155,258,000	158,669,000	156,178,000	154,950,000	150,859,000
Retained Earnings	1,498,363,000	1,335,760,000	1,193,027,000	1,046,391,000	942,671,000	809,524,000	684,359,000	565,290,000	443,318,000
Retained Earnings Total Equity	-	-	-	0	0	0	0	-	-
Short Long Term Debt	-	-	-	1,494,273,000	1,266,902,000	941,405,000	639,829,000	485,407,000	475,150,000
Short Term Debt	-	-	-	0	0	0	0	485,407,000	475,150,000
Short Term Investments	-	-	-	1,022,687,000	1,173,906,000	1,436,479,000	1,677,702,000	1,396,448,000	1,344,385,000
Temporary Equity Redeemable Noncontrolling Interests	-	-	-	0	0	0	0	-	-
Total Assets	29,069,155,000	27,205,047,000	24,878,288,000	22,609,471,000	21,053,382,000	19,570,061,000	17,791,393,000	15,974,152,000	-
Total Current Assets	4,234,349,000	4,787,919,000	4,726,420,000	4,368,111,000	4,674,592,000	4,861,352,000	4,745,922,000	4,446,833,000	4,232,319,000
Total Current Liabilities	26,117,238,000	24,406,804,000	22,403,363,000	20,254,437,000	18,942,508,000	17,946,715,000	16,278,630,000	14,662,246,000	-
Total Liab	26,647,796,000	24,994,301,000	22,918,526,000	20,934,684,000	19,623,985,000	18,248,470,000	16,579,508,000	14,941,533,000	-
Total Permanent Equity	-	-	-	0	0	0	0	-	-
Total Stockholder Equity	2,414,605,000	2,204,789,000	1,948,355,000	1,670,294,000	1,426,415,000	1,318,193,000	1,130,192,000	991,122,000	843,108,000
Treasury Stock	-	-	-	0	0	0	0	-	-
Warrants	-	-	-	0	0	0	0	-	-

	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
Accounts Payable	27,459,506,000	25,939,837,000	25,096,401,000	23,208,845,000	23,562,338,000	23,057,690,000	23,202,397,000	21,496,075,000	22,122,155,000	21,417,498,000	21,169,956,000	19,818,995,000	20,048,971,000	19,586,436,000	19,649,778,000	18,266,848,000	18,461,259,000	18,005,618,000	17,780,002,000	17,171,478,000	5,483,812,649	502,175,066	16,822,242,000	-
Accumulated Amortization	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Additional Paid In Capital	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Capital Lease Obligations	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Capital Stock	429,882,000	429,882,000	429,882,000	429,882,000	429,882,000	429,882,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Cash	3,888,981,000	3,775,147,000	28,598,496,000	26,612,847,000	3,405,543,000	3,390,931,000	3,596,234,000	3,505,765,000	3,636,593,000	5,888,927,000	3,596,599,000	6,188,778,000	3,684,149,000	3,370,978,000	771,094,000	397,936,000	1,028,663,000	306,086,000	1,042,415,000	459,657,000	314,833,413	7,171,972	954,362,000	451,988,000
Cash And Short Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Common Stock	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	349,983,000	324,794,000	324,794,000	102,962,118	9,572,473	324,794,000	324,794,000
Common Stock Shares Outstanding	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034	348,388,235	354,082,353	360,300,000	389,650,000	328,364,706	316,961,111	345,505,882	366,133,333	101,872,325	9,168,184	348,187,500	372,137,500
Common Stock Total Equity	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Deferred Long Term Asset Charges	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Deferred Long Term Liab	-	2,707,000	-	2,718,000	-	2,225,000	-	2,233,000	-	1,748,000	-	1,792,000	-	1,600,000	0	2,196,000	0	2,316,000	-	2,672,000	0	82,375	-	3,103,000
Good Will	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	1,381,000	437,787	40,701	1,381,000	1,381,000
Intangible Assets	26,919,000	26,564,000	26,513,000	26,572,000	25,077,000	23,575,000	23,541,000	23,494,000	22,706,000	22,770,000	23,027,000	23,118,000	22,842,000	23,155,000	23,225,000	23,575,000	0	23,985,000	24,120,000	24,535,000	0	734,247	-	25,266,000
Inventory	-	890,000	-	899,000	-	1,001,000	-	716,000	-	746,000	-	594,000	-	730,000	0	667,000	0	3,371,000	-	2,666,000	0	77,395	-	1,945,000
Liabilities And Stockholders Equity	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	1,900,455,000	411,217,000	1,600,145,000	320,324,000	1,612,037,000	297,287,000	1,370,503,000	256,594,000	366,429,862	6,465,399	1,188,262,000	216,164,000
Long Term Debt Total	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Long Term Investments	9,360,991,000	9,007,820,000	8,519,977,000	6,863,038,000	8,039,863,000	8,028,363,000	6,367,035,000	653,871,000	835,885,000	893,063,000	862,254,000	832,977,000	862,281,000	720,561,000	1,825,535,000	6,503,746,000	6,691,621,000	6,296,356,000	4,020,439,000	5,772,201,000	1,851,216,992	164,803,360	5,542,882,000	5,110,692,000
Negative Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Net Debt	-	-	-	-	-	-	-	-	260,839,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	4,814,813,000	4,564,388,000	4,249,836,000	4,133,468,000	4,072,575,000	3,968,114,000	3,904,992,000	3,887,395,000	3,809,004,000	3,484,623,000	3,411,812,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	-	141,176,000	-	75,835,000	-	147,554,000	-	99,466,000	-	140,912,000	-	79,869,000	-	166,666,000	0	55,996,000	0	87,865,000	-	39,653,000	0	2,758,709	-	97,098,000
Net Tangible Assets	2,544,137,000	2,411,652,000	2,446,373,000	2,306,753,000	2,239,148,000	2,150,990,000	2,182,863,000	2,100,015,000	2,072,068,000	1,978,077,000	1,939,722,000	1,843,957,000	1,916,268,000	1,648,634,000	1,651,131,000	1,565,439,000	1,549,100,000	1,459,961,000	1,354,592,000	1,320,600,000	419,940,086	36,811,288	1,281,464,000	1,211,647,000
Non Current Assets Total	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Non Current Liabilities Other	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Non Current Liabilities Total	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Non Currrent Assets Other	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Noncontrolling Interest In Consolidated Entity	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Other Assets	18,966,236,000	18,162,585,000	17,726,022,000	16,578,512,000	16,556,945,000	15,980,290,000	15,755,624,000	14,665,817,000	14,716,575,000	14,063,855,000	13,861,261,000	12,924,385,000	13,141,604,000	12,588,473,000	12,483,888,000	11,560,206,000	11,709,156,000	11,133,242,000	10,949,797,000	10,425,415,000	3,357,023,300	297,833,127	10,010,477,000	9,412,701,000
Other Current Assets	851,220,000	2,323,699,000	1,366,786,000	2,125,789,000	1,448,951,000	2,259,866,000	1,106,940,000	2,267,841,000	1,504,468,000	2,279,947,000	1,031,897,000	2,495,257,000	1,858,551,000	2,468,084,000	1,386,614,000	2,607,093,000	1,910,094,000	2,889,891,000	2,136,538,000	2,775,786,000	631,411,000	83,227,498	1,988,694,000	2,718,764,000
Other Current Liab	-	219,571,000	1,000	249,144,000	-	188,832,000	-	237,025,000	-	245,200,000	-	179,860,000	-	163,021,000	0	121,581,000	12,709,000	136,432,000	54,313,000	104,240,000	5,935,013	6,356,410	15,974,000	415,153,000
Other Liab	497,721,000	102,248,000	520,993,000	84,789,000	528,419,000	132,946,000	555,554,000	158,734,000	536,211,000	150,360,000	780,250,000	423,487,000	936,006,000	319,627,000	646,096,000	359,923,000	860,771,000	369,044,000	587,886,000	424,188,000	283,020,764	9,419,010	779,153,000	85,591,000
Other Stockholder Equity	410,158,000	366,020,000	357,038,000	312,804,000	270,974,000	264,045,000	261,020,000	265,591,000	262,611,000	242,690,000	162,550,000	151,890,000	230,110,000	24,455,000	23,531,000	20,465,000	9,332,000	-26,000	-6,326,000	-19,722,000	-3,044,857	-264,309	-3,756,000	5,203,000
Preferred Stock Redeemable	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Preferred Stock Total Equity	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Property Plant And Equipment Gross	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Property Plant Equipment	147,827,000	159,432,000	150,468,000	163,490,000	148,391,000	159,303,000	149,077,000	161,350,000	147,290,000	158,214,000	149,744,000	163,289,000	146,908,000	178,961,000	149,321,000	152,452,000	149,250,000	150,640,000	152,946,000	155,258,000	48,245,047	4,515,945	155,622,000	158,669,000
Retained Earnings	1,611,821,000	1,550,038,000	1,567,177,000	1,498,363,000	1,446,016,000	1,388,362,000	1,399,685,000	1,335,760,000	1,287,299,000	1,235,999,000	1,255,014,000	1,193,027,000	732,608,000	673,396,000	711,817,000	1,046,391,000	1,017,617,000	961,797,000	962,852,000	942,671,000	289,148,835	25,366,991	863,034,000	809,524,000
Retained Earnings Total Equity	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Short Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	1,347,196,000	0	1,494,273,000	76,760,000	1,170,420,000	90,838,000	1,267,597,000	39,251,862	38,605,894	1,340,570,000	1,207,878,000
Short Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	90,838,000	1,267,597,000	39,251,862	38,605,894	1,340,570,000	1,207,878,000
Short Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	1,143,899,000	1,085,595,000	1,451,875,000	1,022,687,000	1,160,758,000	996,844,000	1,197,202,000	1,173,906,000	370,959,899	39,992,308	1,506,394,000	1,436,479,000
Temporary Equity Redeemable Noncontrolling Interests	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Total Assets	33,826,452,000	32,426,420,000	30,888,302,000	29,069,155,000	28,988,663,000	28,652,363,000	28,547,154,000	27,205,047,000	27,296,753,000	26,472,127,000	26,226,388,000	24,878,288,000	24,870,961,000	23,975,153,000	23,657,926,000	22,609,471,000	22,700,325,000	21,920,851,000	21,639,047,000	21,053,382,000	6,632,783,959	606,353,846	20,323,984,000	-
Total Current Assets	5,912,259,000	5,267,115,000	4,958,220,000	4,234,349,000	4,687,739,000	4,710,584,000	5,316,489,000	4,789,111,000	5,156,994,000	4,835,371,000	5,477,478,000	4,727,371,000	6,682,140,000	4,321,976,000	6,438,607,000	4,368,111,000	4,148,917,000	4,315,247,000	6,490,364,000	4,674,592,000	1,375,860,834	138,426,466	4,613,622,000	4,861,352,000
Total Current Liabilities	27,512,794,000	29,309,941,000	25,123,576,000	26,117,238,000	23,577,528,000	25,797,216,000	23,248,388,000	24,373,448,000	22,226,914,000	23,774,742,000	21,242,759,000	22,102,323,000	20,111,040,000	21,496,038,000	19,674,170,000	20,254,437,000	18,592,649,000	19,684,809,000	18,217,031,000	18,943,203,000	5,536,555,714	550,432,862	16,990,524,000	-
Total Liab	31,194,574,000	29,900,207,000	28,354,073,000	26,647,796,000	26,661,513,000	26,389,996,000	26,276,758,000	24,994,301,000	25,132,374,000	24,379,118,000	24,193,551,000	22,918,526,000	22,947,501,000	22,237,018,000	21,920,411,000	20,934,684,000	21,065,457,000	20,351,140,000	20,175,420,000	19,623,985,000	6,186,006,340	566,317,271	18,957,939,000	-
Total Permanent Equity	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Total Stockholder Equity	2,625,417,000	2,519,496,000	2,527,653,000	2,414,605,000	2,320,428,000	2,255,845,000	2,264,143,000	2,204,789,000	2,153,348,000	2,082,127,000	2,021,002,000	1,948,355,000	1,917,649,000	1,732,667,000	1,732,411,000	1,590,395,000	1,550,481,000	1,485,327,000	1,380,093,000	1,346,516,000	420,377,873	37,586,236	1,282,845,000	1,238,294,000
Treasury Stock	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Warrants	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	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
Begin Period Cash Flow	1,175,153,000	1,454,581,000	978,441,000	1,001,246,000	827,698,000	-	-	-	-
Capital Expenditures	26,033,000	22,844,000	14,110,000	17,048,000	16,011,000	22,637,000	21,687,000	25,997,000	28,170,000
Cash And Cash Equivalents Changes	-	-	-	0	0	0	0	-	-
Cash Flows Other Operating	-	-	-	0	0	0	0	-	-
Change In Cash	-50,391,000	-279,428,000	476,140,000	-22,805,000	173,548,000	5,729,000	83,728,000	-75,558,000	-139,137,000
Change In Working Capital	19,318,000	-270,066,000	213,002,000	-28,658,000	492,155,000	-	-	-	-
Change Receivables	-	-	-	0	0	0	0	-	-
Change To Account Receivables	-	-	-	0	0	0	0	-	-
Change To Inventory	-	-	-	0	0	0	0	-	-
Change To Liabilities	0	0	0	0	0	0	0	0	0
Change To Netincome	-33,385,000	-31,283,000	-81,202,000	-68,205,000	-52,063,000	-109,901,000	-82,660,000	-63,417,000	-47,789,000
Change To Operating Activities	-1,700,750,000	-1,640,493,000	-1,645,988,000	-1,138,654,000	-500,725,000	-810,888,000	-692,930,000	-924,530,000	-996,586,000
Depreciation	19,797,000	19,551,000	18,711,000	16,413,000	18,279,000	17,738,000	19,633,000	19,328,000	17,461,000
Dividends Paid	78,580,000	73,192,000	65,462,000	62,511,000	59,815,000	70,926,000	61,513,000	57,489,000	50,830,000
End Period Cash Flow	1,124,762,000	1,175,153,000	1,454,581,000	978,441,000	1,001,246,000	827,698,000	-	-	-
Exchange Rate Changes	-	-	-	0	0	0	0	-	-
Free Cash Flow	213,582,000	-83,780,000	338,461,000	88,879,000	617,406,000	-	-	-	-
Investments	-558,464,000	-683,329,000	-440,907,000	-627,248,000	-656,572,000	-643,737,000	-882,076,000	-230,028,000	-256,051,000
Net Borrowings	133,114,000	258,037,000	319,919,000	288,605,000	96,752,000	-5,847,000	56,167,000	58,514,000	73,618,000
Net Income	241,183,000	215,925,000	212,098,000	202,783,000	192,962,000	183,941,000	180,582,000	179,461,000	166,315,000
Other Cashflows From Financing Activities	1,672,239,000	1,340,322,000	1,826,260,000	1,072,362,000	964,365,000	1,423,426,000	1,384,315,000	813,570,000	885,754,000
Other Cashflows From Investing Activities	247,470,000	228,563,000	223,034,000	199,604,000	189,384,000	154,753,000	135,037,000	112,781,000	99,120,000
Other Non Cash Items	39,629,000	36,030,000	31,817,000	803,000	-96,908,000	-	-	-	-
Sale Purchase Of Stock	-	-	-	0	0	0	0	-	-
Total Cash From Financing Activities	1,766,773,000	1,645,167,000	2,200,717,000	1,398,463,000	1,001,302,000	1,358,803,000	1,418,969,000	854,595,000	908,542,000
Total Cash From Operating Activities	-1,473,155,000	-1,436,300,000	-1,496,381,000	-987,663,000	-341,547,000	-717,811,000	-575,375,000	-789,158,000	-860,599,000
Total Cashflows From Investing Activities	-331,237,000	-469,260,000	-230,805,000	-439,087,000	-481,061,000	-643,737,000	-767,694,000	-140,425,000	-184,336,000

	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
Begin Period Cash Flow	1,712,612,000	1,284,624,000	1,124,762,000	1,214,612,000	1,173,423,000	1,517,269,000	1,175,153,000	1,138,718,000	985,879,000	1,697,426,000	1,454,581,000	1,086,131,000	-	-	-	-	-	-	-	-	-	-	-	-
Capital Expenditures	2,607,000	3,728,000	4,984,000	11,360,000	5,385,000	6,810,000	2,478,000	15,799,000	1,932,000	3,873,000	1,240,000	7,594,000	2,697,000	3,351,000	468,000	9,620,000	2,209,000	331,000	4,888,000	7,311,000	1,230,623	72,974	2,342,000	13,709,000
Cash And Cash Equivalents Changes	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Cash Flows Other Operating	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Change In Cash	300,095,000	427,988,000	159,862,000	-89,850,000	41,189,000	-343,846,000	342,116,000	36,435,000	152,839,000	-711,547,000	242,845,000	368,450,000	324,082,000	-392,849,000	176,457,000	-50,222,000	161,060,000	-174,812,000	41,169,000	8,104,000	38,924,077	-2,475,862	126,664,000	95,664,000
Change Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Change To Account Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Change To Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	-23,707,000	-82,982,000	15,845,000	-15,183,000	7,279,000	-38,232,000	12,751,000	3,940,000	16,240,000	-45,192,000	-6,271,000	7,214,000	-20,860,000	-54,925,000	-12,631,000	9,850,000	-21,587,000	120,206,000	-176,674,000	-9,922,000	-405,136	-891,689	-12,038,000	-25,696,000
Change To Operating Activities	-725,023,000	-594,854,000	-1,299,317,000	95,696,000	-294,499,000	-363,734,000	-1,138,213,000	542,854,000	-500,615,000	-747,043,000	-935,689,000	214,118,000	-170,114,000	-424,561,000	-968,297,000	147,034,000	-162,696,000	-1,122,992,000	-1,122,992,000	139,223,000	-19,985,735	-5,694,164	-382,270,000	-81,385,000
Depreciation	5,244,000	5,208,000	4,949,000	5,150,000	4,984,000	4,894,000	4,769,000	5,382,000	4,712,000	4,754,000	4,703,000	-	4,605,000	4,603,000	4,585,000	4,144,000	3,929,000	8,340,000	8,340,000	4,708,000	1,415,438	134,954	4,527,000	4,895,000
Dividends Paid	84,824,000	22,199,000	1,936,000	1,936,000	1,936,000	1,936,000	1,936,000	1,936,000	68,864,000	68,864,000	2,200,000	11,746,000	6,714,000	69,160,000	6,283,000	15,109,000	15,109,000	45,202,000	2,200,000	2,400,000	17,503,566	1,627,321	2,200,000	2,400,000
End Period Cash Flow	2,012,707,000	1,712,612,000	1,284,624,000	1,124,762,000	1,214,612,000	1,173,423,000	1,517,269,000	1,175,153,000	1,138,718,000	985,879,000	1,697,426,000	1,454,581,000	1,086,131,000	-	-	-	-	-	-	-	-	-	-	-
Exchange Rate Changes	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Free Cash Flow	477,805,000	537,776,000	362,297,000	75,699,000	-13,994,000	-228,415,000	380,292,000	213,070,000	32,209,000	-590,386,000	261,327,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments	-308,799,000	-472,907,000	-262,143,000	-246,014,000	-59,783,000	-178,935,000	-73,732,000	-192,202,000	-141,993,000	-253,684,000	-95,450,000	16,932,000	12,239,000	-179,635,000	-80,341,000	-87,886,000	-295,363,000	-252,720,000	8,721,000	-91,795,000	-42,637,185	-4,832,479	-266,312,000	-110,135,000
Net Borrowings	100,796,000	309,106,000	-39,170,000	9,939,000	50,489,000	85,753,000	-13,067,000	-7,734,000	236,862,000	-2,804,000	31,713,000	108,577,000	82,347,000	126,467,000	2,528,000	35,037,000	62,762,000	77,664,000	113,142,000	24,475,000	5,041,052	-126,407	60,664,000	-25,979,000
Net Income	68,560,000	58,195,000	70,750,000	54,474,000	64,431,000	56,417,000	65,861,000	50,590,000	56,501,000	44,647,000	64,187,000	31,427,000	59,226,000	60,194,000	61,251,000	31,172,000	55,822,000	57,053,000	58,736,000	32,952,000	16,299,572	1,558,591	55,710,000	29,771,000
Other Cashflows From Financing Activities	1,070,514,000	1,133,737,000	1,565,942,000	-66,118,000	194,318,000	37,532,000	1,429,863,000	-384,280,000	451,947,000	143,097,000	1,127,430,000	-10,794,000	233,823,000	131,216,000	1,174,881,000	-207,071,000	453,572,000	827,687,000	-1,826,000	-130,996,000	81,958,789	6,174,388	627,325,000	276,063,000
Other Cashflows From Investing Activities	81,952,000	66,605,000	60,575,000	48,506,000	77,876,000	64,302,000	56,786,000	40,111,000	73,613,000	62,146,000	52,693,000	45,543,000	64,676,000	62,885,000	49,930,000	37,702,000	61,653,000	50,504,000	49,745,000	49,582,000	16,549,057	1,304,627	43,332,000	38,654,000
Sale Purchase Of Stock	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Total Cash From Financing Activities	1,201,310,000	1,442,843,000	1,574,836,000	-16,179,000	244,807,000	123,285,000	1,414,860,000	-392,014,000	654,945,000	225,293,000	1,156,943,000	-	435,403,000	197,588,000	1,175,209,000	-187,136,000	516,334,000	960,149,000	109,116,000	-108,921,000	69,496,275	6,047,981	685,789,000	247,684,000
Total Cash From Operating Activities	-674,926,000	-614,433,000	-1,207,773,000	140,137,000	-217,805,000	-340,655,000	-1,054,832,000	602,766,000	-423,162,000	-742,834,000	-873,070,000	257,677,000	112,649,000	-274,386,000	263,874,000	192,200,000	-124,532,000	-937,393,000	-117,938,000	166,961,000	-2,675,860	-4,892,308	-334,071,000	-72,415,000
Total Cashflows From Investing Activities	-229,998,000	-409,837,000	-203,513,000	-206,718,000	14,093,000	-119,430,000	-19,182,000	-160,219,000	-70,962,000	-194,319,000	-43,760,000	16,932,000	12,239,000	-179,635,000	-80,341,000	-54,756,000	-235,765,000	-202,580,000	54,014,000	-48,617,000	-27,096,846	-3,596,198	-224,948,000	-83,211,000

Income Statement

Currency in USD. All numbers in thousands.

	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
Cost Of Revenue	-	-	-	0	0	0	0	0	0
Discontinued Operations	-	-	-	0	0	0	0	-	-
Ebit	-	-	-	0	0	0	0	0	0
Effect Of Accounting Charges	-	-	-	0	0	0	0	-	-
Extraordinary Items	-	-	-	0	0	0	0	-	-
Gross Profit	-	-	-	465,910,000	444,833,000	423,683,000	456,690,000	456,182,000	412,795,000
Income Before Tax	295,880,000	265,050,000	266,576,000	251,674,000	239,478,000	226,624,000	230,857,000	232,257,000	214,174,000
Income Tax Expense	53,944,000	48,650,000	53,652,000	49,043,000	46,345,000	42,564,000	50,083,000	52,747,000	47,963,000
Interest Expense	430,027,000	385,853,000	372,270,000	306,964,000	0	0	0	0	0
Interest Income	1,008,014,000	930,932,000	859,141,000	784,724,000	713,699,000	657,190,000	-	-	-
Minority Interest	-753,000	5,957,000	5,506,000	4,493,000	2,982,000	3,398,000	1,794,000	1,553,000	1,429,000
Net Income	241,183,000	215,925,000	212,098,000	202,783,000	192,962,000	183,941,000	180,582,000	179,461,000	166,315,000
Net Income Applicable To Common Shares	227,385,000	206,395,000	207,498,000	198,183,000	188,362,000	179,341,000	178,182,000	179,461,000	166,315,000
Net Income From Continuing Ops	241,936,000	216,400,000	212,924,000	202,631,000	193,133,000	184,060,000	180,774,000	179,510,000	166,211,000
Net Interest Income	577,987,000	545,079,000	486,871,000	477,760,000	441,930,000	398,104,000	-	-	-
Non Operating Income Net Other	-	-	-	0	0	0	0	-	-
Non Recurring	-	-	-	0	0	0	0	-	-
Operating Income	-	-	-	251,953,000	239,642,000	224,595,000	232,266,000	233,895,000	216,042,000
Other Items	-	-	-	0	0	0	0	-	-
Other Operating Expenses	10,093,000	9,880,000	9,641,000	9,362,000	5,574,000	10,825,000	39,391,000	40,002,000	29,998,000
Preferred Stock And Other Adjustments	-	-	-	0	0	0	0	-	-
Reconciled Depreciation	1,881,000	19,063,000	18,151,000	15,610,000	17,021,000	-	-	-	-
Research Development	-	-	-	0	0	0	0	-	-
Selling General Administrative	219,308,000	192,348,000	191,224,000	187,200,000	177,010,000	175,013,000	185,033,000	182,285,000	166,755,000
Tax Provision	53,944,000	48,650,000	53,652,000	49,043,000	46,345,000	42,564,000	-	-	-
Total Operating Expenses	-	-	222,240,000	211,474,000	203,517,000	194,975,000	224,424,000	222,287,000	196,753,000
Total Other Income Expense Net	-	-	-	-279,000	-164,000	231,000	-1,409,000	-1,638,000	-1,868,000
Total Revenue	719,506,000	657,443,000	627,223,000	598,610,000	537,027,000	506,025,000	456,690,000	456,182,000	412,795,000

	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
Cost Of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0
Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Ebit	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0
Effect Of Accounting Charges	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Extraordinary Items	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	121,248,000	119,952,000	131,040,000	108,973,000	114,392,000	120,652,000	121,893,000	104,311,000	33,571,089	3,205,894	125,846,000	95,018,000
Income Before Tax	78,497,000	70,459,000	85,812,000	64,584,000	77,758,000	72,708,000	80,830,000	65,233,000	67,262,000	51,168,000	81,387,000	49,254,000	71,460,000	71,198,000	74,664,000	41,623,000	68,499,000	70,206,000	71,346,000	44,308,000	19,641,782	1,894,076	68,944,000	34,702,000
Income Tax Expense	10,146,000	12,145,000	15,176,000	10,018,000	13,221,000	16,063,000	14,642,000	14,744,000	10,541,000	6,343,000	17,022,000	18,121,000	12,041,000	10,947,000	12,543,000	10,796,000	12,671,000	13,270,000	12,306,000	11,317,000	3,324,774	335,249	13,165,000	4,817,000
Interest Expense	134,932,000	126,159,000	116,395,000	111,199,000	108,714,000	107,717,000	102,397,000	99,082,000	95,349,000	96,813,000	94,609,000	93,439,000	94,893,000	94,588,000	89,350,000	0	0	0	-	-	0	0	-	-
Interest Income	282,763,000	275,410,000	267,363,000	259,469,000	255,074,000	250,962,000	242,509,000	250,376,000	230,237,000	226,051,000	224,268,000	219,837,000	217,734,000	213,107,000	208,463,000	-	-	-	-	-	-	-	-	-
Minority Interest	209,000	-119,000	114,000	-92,000	-106,000	6,522,000	6,253,000	5,957,000	11,031,000	10,882,000	11,835,000	11,407,000	5,811,000	5,468,000	5,104,000	4,493,000	4,488,000	4,485,000	3,635,000	2,982,000	1,071,168	95,520	3,301,000	3,398,000
Net Income	68,560,000	58,195,000	70,750,000	54,474,000	64,431,000	56,417,000	65,861,000	50,590,000	56,501,000	44,647,000	64,187,000	31,427,000	59,226,000	60,194,000	61,251,000	31,172,000	55,822,000	57,053,000	58,736,000	32,952,000	16,299,572	1,558,591	55,710,000	29,771,000
Net Income Applicable To Common Shares	68,560,000	58,195,000	70,750,000	40,676,000	64,431,000	56,417,000	65,861,000	41,060,000	56,501,000	44,647,000	64,187,000	26,827,000	59,226,000	60,194,000	61,251,000	26,572,000	55,822,000	57,053,000	58,736,000	28,352,000	16,299,572	1,558,591	55,710,000	25,171,000
Net Income From Continuing Ops	68,351,000	58,314,000	70,636,000	54,566,000	64,537,000	56,645,000	66,188,000	50,489,000	56,721,000	44,825,000	64,365,000	31,133,000	59,419,000	60,251,000	62,121,000	30,827,000	55,828,000	56,936,000	59,040,000	32,991,000	16,317,007	1,558,827	55,779,000	29,885,000
Net Interest Income	147,831,000	149,251,000	150,968,000	148,270,000	146,360,000	143,245,000	140,112,000	151,294,000	134,888,000	129,238,000	129,659,000	126,398,000	122,841,000	118,519,000	119,113,000	-	-	-	-	-	-	-	-	-
Non Operating Income Net Other	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Non Recurring	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	71,479,000	71,268,000	74,619,000	41,931,000	68,476,000	71,363,000	70,183,000	44,480,000	19,639,880	1,894,076	68,942,000	34,462,000
Other Items	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Other Operating Expenses	61,181,000	58,482,000	67,506,000	163,204,000	56,603,000	53,049,000	63,645,000	150,426,000	52,212,000	47,440,000	60,654,000	145,233,000	49,769,000	48,684,000	56,421,000	137,553,000	45,916,000	88,370,000	12,629,000	139,786,000	13,931,209	1,311,818	56,904,000	125,909,000
Preferred Stock And Other Adjustments	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
Research Development	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	0	0	-	-
Selling General Administrative	53,520,000	50,409,000	44,601,000	79,948,000	49,672,000	46,229,000	43,459,000	63,049,000	45,743,000	41,085,000	42,471,000	62,503,000	45,508,000	43,204,000	40,009,000	204,595,000	204,595,000	39,081,000	39,081,000	199,617,000	63,280,076	5,883,201	199,617,000	186,465,000
Tax Provision	10,146,000	12,145,000	15,176,000	10,018,000	13,221,000	16,063,000	14,642,000	14,744,000	10,541,000	6,343,000	17,022,000	18,121,000	12,041,000	10,947,000	12,543,000	-	-	-	-	-	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-	-	-	-	-	60,419,000	68,115,000	49,391,000	48,457,000	56,277,000	67,042,000	45,916,000	897	51,710,000	59,831,000	13,931,209	1,311,818	56,904,000	60,556,000
Total Other Income Expense Net	-	-	-	-	-	-	-	-	-	-	-	-	-67,000	-17,000	45,000	-308,000	23,000	-1,157,000	1,163,000	-172,000	1,902	0	2,000	240,000
Total Revenue	177,444,000	181,460,000	205,606,000	174,937,000	179,148,000	171,179,000	194,242,000	159,183,000	159,086,000	152,446,000	186,728,000	152,198,000	151,821,000	150,218,000	172,986,000	108,973,000	114,392,000	120,652,000	121,893,000	104,311,000	33,571,089	3,205,894	125,846,000	95,018,000

Latest Income Statement (annual, 2021-12-31)

Gross Profit (+$)
totalRevenue	719,506,000
Cost of Revenue	--
Gross Profit	-	719,506,000

Operating Income (+$)
Gross Profit	-
Operating Expense	--
Operating Income	-	0

Operating Expense (+$)
Research Development	-
Selling General Administrative	219,308,000
Selling And Marketing Expenses	-
Operating Expense	-	219,308,000

Net Interest Income (+$)
Interest Income	1,008,014,000
Interest Expense	-430,027,000
Net Interest Income	577,987,000	577,987,000

Pretax Income (+$)
Operating Income	-
Net Interest Income	577,987,000
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	295,880,000	0 EBIT - interestExpense = -430,027,000 295,127,000 671,210,000
Interest Expense	430,027,000
Earnings Before Interest and Taxes (ebit)	-	725,907,000
Earnings Before Interest and Taxes (ebitda)	-

After tax Income (+$)
Income Before Tax	295,880,000
Tax Provision	-53,944,000
Net Income From Continuing Ops	241,936,000	241,936,000
Net Income	241,183,000
Net Income Applicable To Common Shares	227,385,000

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	10,093,000
Total Other Income/Expenses Net	-	-577,987,000