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Air Lease Corporation
Buy or Sell?

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

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Air Lease Corporation even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Air Lease Corporation is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Air Lease Corporation. The closing price on 2022-09-23 was $31.54 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Daily chart of Air Lease Corporation
Air Lease Corporation Daily Candlestick Chart

1.1. Profitability of Air Lease Corporation.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin
  • Measures how much profit a company generates for each dollar of revenue.
  • Above 10% is considered healthy depending on the industry.
  • A net profit margin of 25% means that $0,25 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Air Lease Corporation:

  • The MRQ is 19.0%. Looks healthy. +1
  • The TTM is -20,071.3%. The company is losing money. -2
Trends
Current periodCompared to+/- 
MRQ19.0%TTM-20,071.3%+20,090.3%
TTM-20,071.3%YOY21.0%-20,092.3%
TTM-20,071.3%5Y-3,988.2%-16,083.1%
5Y-3,988.2%10Y-1,982.5%-2,005.7%
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ19.0%12.2%+6.8%
TTM-20,071.3%6.2%-20,077.5%
YOY21.0%3.0%+18.0%
5Y-3,988.2%4.3%-3,992.5%
10Y-1,982.5%4.3%-1,986.8%
1.1.2. Return on Assets
  • Shows how profitable a company is in relation to its total assets.
  • Above 5% is considered healthy depending on the industry.
  • 5% return on assets means the company generated $0,05 for each $1 in assets.

Let's take a look of the Return on Assets trends of Air Lease Corporation:

  • The MRQ is 0.4%. Bad. -1
  • The TTM is -445.6%. Very bad. -2
Trends
Current periodCompared to+/- 
MRQ0.4%TTM-445.6%+446.0%
TTM-445.6%YOY0.4%-446.0%
TTM-445.6%5Y-88.5%-357.1%
5Y-88.5%10Y-44.0%-44.6%
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4%1.1%-0.7%
TTM-445.6%1.0%-446.6%
YOY0.4%0.5%-0.1%
5Y-88.5%0.6%-89.1%
10Y-44.0%0.6%-44.6%
1.1.3. Return On Equity
  • Measures the profit in relation to shareholders equity (total assets - total liabilities).
  • Above 15%-20% is considered healthy depending on the industry
  • 10% return on equity means the company generated $0,1 for each $1 the owners (shareholders) invested.

Let's take a look of the Return On Equity trends of Air Lease Corporation:

  • The MRQ is 1.6%. Bad. -1
  • The TTM is -1,880.3%. Very bad. -2
Trends
Current periodCompared to+/- 
MRQ1.6%TTM-1,880.3%+1,882.0%
TTM-1,880.3%YOY1.6%-1,882.0%
TTM-1,880.3%5Y-373.7%-1,506.6%
5Y-373.7%10Y-185.7%-188.0%
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6%3.3%-1.7%
TTM-1,880.3%2.8%-1,883.1%
YOY1.6%1.9%-0.3%
5Y-373.7%1.9%-375.6%
10Y-185.7%1.8%-187.5%

1.2. Operating Efficiency of Air Lease Corporation.

1.2. Operating Efficiency
1.2.1. Operating Margin
  • Measures how much profit a company makes for each $1 of sales after paying variable costs (production costs, wages) but before taxes.
  • Above 15% is considered healthy depending on the industry
  • An operating margin of 20% means the company generated $0,2 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Air Lease Corporation:

  • The MRQ is 47.9%. Very good. +2
  • The TTM is -14,493.7%. Very bad. -2
Trends
Current periodCompared to+/- 
MRQ47.9%TTM-14,493.7%+14,541.6%
TTM-14,493.7%YOY28.5%-14,522.2%
TTM-14,493.7%5Y-2,860.0%-11,633.6%
5Y-2,860.0%10Y-1,402.6%-1,457.5%
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ47.9%19.5%+28.4%
TTM-14,493.7%7.5%-14,501.2%
YOY28.5%8.5%+20.0%
5Y-2,860.0%10.5%-2,870.5%
10Y-1,402.6%9.3%-1,411.9%
1.2.2. Operating Ratio
  • Measures how efficient the company is creating its products or services while keeping operating costs low.
  • Below 1 is considered healthy depending on the industry
  • An operation ratio of 0.5 means that the operating costs are $0,5 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Air Lease Corporation:

  • The MRQ is 1.375. Very good. +2
  • The TTM is 0.851. Very good. +2
Trends
Current periodCompared to+/- 
MRQ1.375TTM0.851+0.525
TTM0.851YOY0.715+0.135
TTM0.8515Y0.574+0.277
5Y0.57410Y0.497+0.077
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3751.007+0.368
TTM0.8510.901-0.050
YOY0.7150.922-0.207
5Y0.5740.932-0.358
10Y0.4970.898-0.401

1.3. Liquidity of Air Lease Corporation.

1.3. Liquidity
1.3.1. Current Ratio
  • Measures if the company is able to pay off short-term debts (debts due within 1 year).
  • Above 1 is considered healthy depending on the industry.
  • A current ratio of 1.5 means the company has $1.5 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Air Lease Corporation:

  • The MRQ is 1.611. Good. +1
  • The TTM is 1.674. Good. +1
Trends
Current periodCompared to+/- 
MRQ1.611TTM1.674-0.063
TTM1.674YOY2.889-1.215
TTM1.6745Y4.008-2.334
5Y4.00810Y5.669-1.661
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6111.481+0.130
TTM1.6741.493+0.181
YOY2.8891.482+1.407
5Y4.0081.441+2.567
10Y5.6691.274+4.395
1.3.2. Quick Ratio
  • Measures if the company is able to pay short-term debts (debts due within 1 year). But only uses the most liquid assets (cash, marketable securities and accounts retrievable).
  • Above 1 is considered healthy depending on the industry.
  • A quick ratio of 0,8 means the company can pay off $0,8 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Air Lease Corporation:

  • The MRQ is 1.611. Very good. +2
  • The TTM is 1.669. Very good. +2
Trends
Current periodCompared to+/- 
MRQ1.611TTM1.669-0.058
TTM1.669YOY2.840-1.171
TTM1.6695Y1.511+0.158
5Y1.51110Y1.613-0.102
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6110.780+0.831
TTM1.6690.856+0.813
YOY2.8400.873+1.967
5Y1.5110.917+0.594
10Y1.6130.854+0.759

1.4. Solvency of Air Lease Corporation.

1.3. Liquidity
1.4.1. Debt To Asset Ratio
  • Shows if the company is owned by creditors or shareholders.
  • Below 1 (100%) is considered healthy depending on the industry
  • A debt to asset ratio of 0.45 (45%) means that the company is financed with 45% credit and 55% is financed by it's owners (shareholders).

Let's take a look of the Debt To Asset Ratio trends of Air Lease Corporation:

  • The MRQ is 0.767. Tight, but oke.
  • The TTM is 0.757. Tight, but oke.
Trends
Current periodCompared to+/- 
MRQ0.767TTM0.757+0.010
TTM0.757YOY0.750+0.007
TTM0.7575Y0.747+0.010
5Y0.74710Y0.742+0.004
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7670.711+0.056
TTM0.7570.701+0.056
YOY0.7500.694+0.056
5Y0.7470.708+0.039
10Y0.7420.692+0.050
1.4.2. Debt to Equity Ratio
  • Measures the total debt versus the total shareholders equity (total assets - total liabilities).
  • Below 2 is considered healthy depending on the industry.
  • A debt to equity ratio of 0.84 means that company has $0,84 debt for each $1 in equity.

Let's take a look of the Debt to Equity Ratio trends of Air Lease Corporation:

  • The MRQ is 3.293. Bad. To much debt compared to equity. -1
  • The TTM is 3.116. Bad. To much debt compared to equity. -1
Trends
Current periodCompared to+/- 
MRQ3.293TTM3.116+0.177
TTM3.116YOY2.995+0.121
TTM3.1165Y2.954+0.162
5Y2.95410Y2.899+0.055
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2932.407+0.886
TTM3.1162.092+1.024
YOY2.9952.211+0.784
5Y2.9542.495+0.459
10Y2.8992.428+0.471

2. Market Valuation of Air Lease Corporation

2. Earnings
2.1. Price to Earnings Ratio
  • Compares the company's stock price to its earnings.
  • Above 15 is considered overpriced but is hard to determine (always use industry average).
  • A PE ratio of 15 means the investor is paying $15 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Air Lease Corporation:

  • The EOD is -28.139. Company is losing money. -2
  • The MRQ is -29.825. Company is losing money. -2
  • The TTM is -9.766. Company is losing money. -2
Trends
Current periodCompared to+/- 
EOD-28.139MRQ-29.825+1.686
MRQ-29.825TTM-9.766-20.060
TTM-9.766YOY10.209-19.975
TTM-9.7665Y4.483-14.249
5Y4.48310Y9.792-5.309
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
EOD-28.1398.186-36.325
MRQ-29.8258.060-37.885
TTM-9.76610.821-20.587
YOY10.20910.075+0.134
5Y4.48311.084-6.601
10Y9.79211.876-2.084
2.2. Price/Earnings-to-Growth Ratio

Let's take a look of the Price/Earnings-to-Growth Ratio trends of Air Lease Corporation:

  • The MRQ is 0.225. Very good. +2
  • The TTM is -0.137. Very Bad. -2
Trends
Current periodCompared to+/- 
MRQ0.225TTM-0.137+0.361
TTM-0.137YOY-3.124+2.987
TTM-0.1375Y-0.456+0.319
5Y-0.45610Y1.345-1.801
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2250.035+0.190
TTM-0.1370.018-0.155
YOY-3.124-0.035-3.089
5Y-0.4560.008-0.464
10Y1.345-0.005+1.350

2. Books
2.3. Price to Book Ratio
  • Shows if the stock is under or overvalued compared to it's book value (total assets - total liabilities).
  • At or below 1 is considered healthy
  • A PB ratio of 3 means the investor is paying $3 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Air Lease Corporation:

  • The EOD is 0.544. Very good. +2
  • The MRQ is 0.576. Very good. +2
  • The TTM is 0.696. Very good. +2
Trends
Current periodCompared to+/- 
EOD0.544MRQ0.576-0.033
MRQ0.576TTM0.696-0.119
TTM0.696YOY0.750-0.054
TTM0.6965Y0.846-0.151
5Y0.84610Y1.039-0.193
Compared to industry (Rental & Leasing Services)
PeriodCompanyIndustry (mean)+/- 
EOD0.5441.649-1.105
MRQ0.5761.580-1.004
TTM0.6961.885-1.189
YOY0.7501.559-0.809
5Y0.8461.651-0.805
10Y1.0391.562-0.523

2.4. Latest News of Air Lease Corporation

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

DateTitleRead
2022-08-29
18:21
Air Lease (AL) Benefits From Fleet Growth Amid Rising CostsRead

3. Holders & Insider Transactions

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

3.1. Institutions holding Air Lease Corporation

Institutions are holding 93.973% of the shares of Air Lease Corporation.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2022-03-31Vanguard Group Inc8.73540.01029686886888640.9259
2022-03-31Capital Research & Mgmt Co - Division 36.1660.06966837660-6280084-47.8747
2022-03-31Dimensional Fund Advisors, Inc.5.40110.082459894001317802.2497
2022-03-31Wellington Management Company LLP4.91140.04165446382146076936.651
2022-03-31T. Rowe Price Associates, Inc.3.39990.01737702323378439.8428
2022-03-31Amvescap Plc.3.34950.042337143622175100141.308
2022-03-31Artisan Partners Limited Partnership3.03020.19813360253-942917-21.9121
2022-06-30Lyrical Asset Management LP2.61791.68712903004151880.5259
2022-06-30Royce & Associates, LP2.29370.8754254351549881824.3957
2022-06-30Allspring Global Investments Holdings, LLC1.99480.12352212082125050.5685
2022-03-31State Street Corporation1.5560.00381725464919185.6269
2022-03-31Thrivent Financial For Lutherans1.5370.1489170443650646942.2774
2022-03-31FMR Inc1.42690.0056158228022718216.765
2022-06-30Fidelity International Ltd1.37640.06071526364-4456-0.2911
2022-03-31JPMorgan Chase & Co1.28020.007614196341054324288.6108
2022-06-30Douglas Lane & Associates, LLC1.22010.7681352996-2731-0.2014
2022-06-30Geode Capital Management, LLC1.19270.00651322575-40162-2.9472
2022-03-31Arrowstreet Capital Limited Partnership1.17290.0726130070613007060
2022-06-30Copeland Capital Management, LLC1.16491.36931291750-12077-0.9263
2022-03-31Massachusetts Financial Services Company1.1140.0164123534138028744.4752
Total 54.9415.606660925322  

3.2. Funds holding Air Lease Corporation

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2022-07-31Vanguard Total Stock Mkt Idx Inv2.82020.00953127355247120.7965
2022-07-31Vanguard Small Cap Index2.40460.0814266653454630.2053
2022-06-30American Funds Washington Mutual A2.28750.05812536657-3389-0.1334
2022-06-30Capital Group Wash Mutual Invtrs Comp2.28750.05812536657-3389-0.1334
2022-06-30DFA US Small Cap Value I2.17920.618624165431690327.5209
2022-06-30American Funds IS® Growth-Income 11.89130.214209730000
2022-06-30Capital Group Core Equity Composite1.89130.214209730000
2022-06-30Lyrical U.S. Value Equity – EQ1.69162.97311875802330501.7935
2022-07-31Vanguard Small Cap Value Index Inv1.59010.1398176326579590.4534
2022-07-31Bridge Builder Large Cap Value1.50390.3454166766900
2022-07-31Vanguard Extended Market Index Investor1.27460.06021413387132800.9485
2022-06-30JPMorgan Mid Cap Growth I1.230.6521363955334552.5145
2022-06-30Fidelity America A-Dis1.0381.035411510091310.0114
2022-06-30Lyrical U.S. Value Equity - CS1.03330.96571145795-6448-0.5596
2022-07-31MFS New Discovery Value I0.93541.01071037317128411.2534
2022-06-30Invesco Small Cap Value A0.91651.7087101630000
2022-06-30Invesco American Value A0.91172.0641011000-205400-16.8859
2022-06-30Invesco Mid Cap Value0.91172.0641011000-298500-22.795
2022-06-30DFA US Targeted Value I0.85470.283794776600
2022-06-30Allspring Special Small Cap Value A0.77750.575686220082000.9602
Total 30.430615.13233744811  

3.3. Insider Transactions

Insiders are holding 6.515% of the shares of Air Lease Corporation.

DateOwnerTypeAmountPricePost Transaction AmountLink
2022-05-11Steven F Udvar-HazyBUY300035.61204558
2021-11-17Alex A KhatibiSELL1562545.5
2021-08-31Steven F Udvar-HazyBUY200039.781269423
2020-12-15Alex A KhatibiSELL2400041.93119401
2020-12-15Jie ChenSELL2500041.96
2020-12-04Jie ChenSELL2500042.26
2020-06-03Steven F Udvar-HazySELL5600032.561368782
2020-05-26Jie ChenSELL4000029
2020-05-12Marshall O. LarsenBUY500024.36
2020-03-09Cheryl Gordon KrongardBUY300032.62
2020-03-05Susan MccawBUY277535.59335
2020-02-25Susan MccawBUY257038.866560
2019-12-06Grant A LevySELL1000046.45148373
2019-11-26Marc H BaerSELL700046.77123008
2019-11-22Alex A KhatibiSELL1000046.01134622
2019-11-19Grant A LevySELL1800045.3176373
2019-11-15Steven F Udvar-HazySELL8788845.361195993
2019-11-13Steven F Udvar-HazySELL22037144.931268198
2019-11-12Carol Hyland ForsyteSELL1069145.6441656
2019-11-12Gregory B WillisSELL1500045.7464390

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Air Lease Corporation compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Per Share--57.99258.1410%54.697+6%48.624+19%37.252+56%
Current Ratio--1.6111.674-4%2.889-44%4.008-60%5.669-72%
Debt To Asset Ratio--0.7670.757+1%0.750+2%0.747+3%0.742+3%
Debt To Equity Ratio--3.2933.116+6%2.995+10%2.954+11%2.899+14%
Eps--0.953-0.280+129%0.853+12%0.973-2%0.791+20%
Gross Profit Margin--1.0000.861+16%0.929+8%0.958+4%0.979+2%
Net Profit Margin--0.190-200.713+105849%0.210-9%-39.882+21112%-19.825+10545%
Operating Margin--0.479-144.937+30383%0.285+68%-28.600+6076%-14.026+3031%
Operating Ratio--1.3750.851+62%0.715+92%0.574+140%0.497+177%
Pb Ratio0.544-6%0.5760.696-17%0.750-23%0.846-32%1.039-45%
Pe Ratio-28.139+6%-29.825-9.766-67%10.209-392%4.483-765%9.792-405%
Peg Ratio--0.225-0.137+161%-3.124+1491%-0.456+303%1.345-83%
Price Per Share31.540-6%33.43040.413-17%41.145-19%39.704-16%35.707-6%
Quick Ratio--1.6111.669-3%2.840-43%1.511+7%1.6130%
Return On Assets--0.004-4.456+116492%0.004-7%-0.885+23217%-0.440+11581%
Return On Equity--0.016-18.803+114491%0.0160%-3.737+22832%-1.857+11396%
 EOD+2 -1MRQTTM+9 -7YOY+7 -95Y+10 -610Y+11 -5

4.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-28.139
Price to Book Ratio (EOD)Between0-10.544
Net Profit Margin (MRQ)Greater than00.190
Operating Margin (MRQ)Greater than00.479
Quick Ratio (MRQ)Greater than11.611
Current Ratio (MRQ)Greater than11.611
Debt To Asset Ratio (MRQ)Less than10.767
Debt to Equity Ratio (MRQ)Less than13.293
Return On Equity (MRQ)Greater than0.150.016
Return on Assets (MRQ)Greater than0.050.004
Total6/10 (60.0%)

4.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5028.978
Ma 20Greater thanMa 5035.840
Ma 50Greater thanMa 10036.747
Ma 100Greater thanMa 20035.840
OpenGreater thanClose31.800
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in USD. All numbers in thousands.

Summary
Total Assets27,646,457
Total Liabilities21,206,823
Total Stockholder Equity6,439,634
 As reported
Total Liabilities 21,206,823
Total Stockholder Equity+ 6,439,634
Total Assets = 27,646,457

Assets

Total Assets27,646,457
Total Current Assets1,012,779
Long-term Assets1,012,779
Total Current Assets
Cash And Cash Equivalents 1,012,779
Total Current Assets  (as reported)1,012,779
Total Current Assets  (calculated)1,012,779
+/-0
Long-term Assets
Property Plant Equipment 25,086,429
Long Term Investments 64,200
Long-term Assets Other 1,526,180
Long-term Assets  (as reported)26,612,609
Long-term Assets  (calculated)26,676,809
+/- 64,200

Liabilities & Shareholders' Equity

Total Current Liabilities628,526
Long-term Liabilities908,653
Total Stockholder Equity6,439,634
Total Current Liabilities
Short-term Debt 1,333,569
Accounts payable 628,526
Total Current Liabilities  (as reported)628,526
Total Current Liabilities  (calculated)1,962,095
+/- 1,333,569
Long-term Liabilities
Long term Debt Total 18,336,075
Capital Lease Obligations Min Short Term Debt-1,333,569
Long-term Liabilities Other 1,186,442
Deferred Long Term Liability 908,653
Long-term Liabilities  (as reported)908,653
Long-term Liabilities  (calculated)19,097,601
+/- 18,188,948
Total Stockholder Equity
Common Stock1,109
Retained Earnings 3,194,672
Accumulated Other Comprehensive Income -535
Capital Surplus 3,244,282
Total Stockholder Equity (as reported)6,439,634
Total Stockholder Equity (calculated)6,439,528
+/- 106
Other
Capital Stock1,215
Cash and Short Term Investments 1,012,779
Common Stock Shares Outstanding 111,044
Common Stock Total Equity1,109
Liabilities and Stockholders Equity 27,646,457
Net Debt -1,012,779
Net Invested Capital 24,775,603
Net Tangible Assets 6,439,528
Net Working Capital 258,195
Preferred Stock Total Equity 106



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-31
> Total Assets 
0
0
0
2,276,282
2,788,658
3,753,499
4,247,017
5,164,593
6,286,628
6,808,337
7,165,478
7,353,624
7,955,675
8,439,671
8,808,301
9,332,604
9,553,305
10,052,116
10,545,563
10,774,784
11,145,238
11,666,206
11,911,694
12,355,098
12,783,410
13,340,170
13,680,907
13,975,616
14,477,040
14,861,397
14,901,647
15,614,164
15,944,846
17,255,447
17,567,303
18,481,808
19,178,935
20,484,348
21,609,701
21,709,155
22,682,345
22,993,720
23,604,765
25,215,175
25,189,381
25,755,520
27,014,561
26,968,722
26,874,849
27,646,457
27,646,45726,874,84926,968,72227,014,56125,755,52025,189,38125,215,17523,604,76522,993,72022,682,34521,709,15521,609,70120,484,34819,178,93518,481,80817,567,30317,255,44715,944,84615,614,16414,901,64714,861,39714,477,04013,975,61613,680,90713,340,17012,783,41012,355,09811,911,69411,666,20611,145,23810,774,78410,545,56310,052,1169,553,3059,332,6048,808,3018,439,6717,955,6757,353,6247,165,4786,808,3376,286,6285,164,5934,247,0173,753,4992,788,6582,276,282000
   > Total Current Assets 
0
0
0
377,497
292,377
513,900
354,466
377,962
915,643
501,596
551,465
794,807
994,095
1,095,702
1,188,354
1,345,196
1,436,249
1,421,165
1,353,633
1,427,422
1,357,793
1,187,934
1,203,797
1,227,710
1,242,504
1,305,516
1,455,548
1,565,478
1,487,451
1,680,159
1,777,769
1,854,980
1,820,181
1,814,937
1,802,231
2,109,387
2,156,803
1,958,823
1,892,731
1,881,676
2,309,227
941,990
1,262,137
1,757,767
1,352,193
1,232,760
1,893,668
1,108,292
1,490,765
1,012,779
1,012,7791,490,7651,108,2921,893,6681,232,7601,352,1931,757,7671,262,137941,9902,309,2271,881,6761,892,7311,958,8232,156,8032,109,3871,802,2311,814,9371,820,1811,854,9801,777,7691,680,1591,487,4511,565,4781,455,5481,305,5161,242,5041,227,7101,203,7971,187,9341,357,7931,427,4221,353,6331,421,1651,436,2491,345,1961,188,3541,095,702994,095794,807551,465501,596915,643377,962354,466513,900292,377377,497000
       Cash And Cash Equivalents 
0
0
0
328,821
230,313
445,038
279,647
281,805
803,266
388,587
439,681
230,089
217,623
234,299
221,680
270,173
256,078
244,447
210,671
282,819
210,156
162,989
119,722
156,675
162,814
172,734
226,822
274,802
155,758
239,710
226,019
292,204
252,491
259,530
228,502
300,127
285,715
264,058
291,772
317,488
732,719
926,435
1,238,569
1,734,155
1,327,999
1,210,054
1,873,844
1,086,500
1,490,765
1,012,779
1,012,7791,490,7651,086,5001,873,8441,210,0541,327,9991,734,1551,238,569926,435732,719317,488291,772264,058285,715300,127228,502259,530252,491292,204226,019239,710155,758274,802226,822172,734162,814156,675119,722162,989210,156282,819210,671244,447256,078270,173221,680234,299217,623230,089439,681388,587803,266281,805279,647445,038230,313328,821000
       Short-term Investments 
0
0
0
48,676
62,064
68,862
74,819
96,157
112,377
113,009
111,784
106,307
110,558
77,975
85,516
87,308
76,741
14,386
8,198
7,469
16,979
8,533
10,700
16,528
16,490
24,390
17,062
16,000
18,330
22,239
19,411
16,078
19,133
21,528
20,417
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000020,41721,52819,13316,07819,41122,23918,33016,00017,06224,39016,49016,52810,7008,53316,9797,4698,19814,38676,74187,30885,51677,975110,558106,307111,784113,009112,37796,15774,81968,86262,06448,676000
       Net Receivables 
0
0
0
0
0
0
28,066
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,429
0
0
0028,429000000000000000000000000000000000000000028,066000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,469
0
0
0
16,528
0
0
0
16,000
18,330
22,239
19,411
16,078
19,133
21,528
20,417
22,871
12,527
24,044
44,651
270,173
195,762
45,255
23,568
23,612
24,194
22,706
19,824
21,792
21,291
21,069
21,06921,29121,79219,82422,70624,19423,61223,56845,255195,762270,17344,65124,04412,52722,87120,41721,52819,13316,07819,41122,23918,33016,00000016,5280007,4690000000000000000000
   > Long-term Assets 
0
0
0
1,898,785
2,496,281
3,239,599
3,892,551
4,786,631
5,370,985
6,306,741
6,614,013
6,558,817
6,961,580
7,343,969
7,619,947
7,987,408
8,117,056
8,630,951
9,191,930
9,347,362
9,787,445
10,478,272
10,707,897
11,127,388
11,540,906
12,034,654
12,225,359
12,410,138
12,989,589
13,181,238
13,123,878
13,759,184
14,124,665
15,440,510
15,765,072
16,372,421
17,022,132
18,525,525
19,716,970
19,827,479
20,373,118
22,051,730
22,342,628
23,457,408
23,837,188
24,522,760
25,120,893
25,860,430
25,362,793
26,612,609
26,612,60925,362,79325,860,43025,120,89324,522,76023,837,18823,457,40822,342,62822,051,73020,373,11819,827,47919,716,97018,525,52517,022,13216,372,42115,765,07215,440,51014,124,66513,759,18413,123,87813,181,23812,989,58912,410,13812,225,35912,034,65411,540,90611,127,38810,707,89710,478,2729,787,4459,347,3629,191,9308,630,9518,117,0567,987,4087,619,9477,343,9696,961,5806,558,8176,614,0136,306,7415,370,9854,786,6313,892,5513,239,5992,496,2811,898,785000
       Property Plant Equipment 
0
0
0
1,629,809
2,141,738
2,814,926
3,340,615
4,237,416
4,757,380
5,653,252
5,872,388
6,251,863
6,571,077
6,983,312
7,240,088
7,613,135
7,746,601
9,506,059
10,041,573
10,098,407
10,621,753
11,094,339
11,503,277
11,884,510
12,319,311
12,830,706
13,103,842
13,332,601
13,954,743
14,183,114
14,224,687
14,843,026
15,156,634
16,419,651
16,722,151
17,516,370
1,871,088
1,694,765
1,600,959
1,564,188
1,576,508
1,790,935
21,150,648
22,180,469
22,541,448
23,187,673
23,708,294
24,407,896
23,911,186
25,086,429
25,086,42923,911,18624,407,89623,708,29423,187,67322,541,44822,180,46921,150,6481,790,9351,576,5081,564,1881,600,9591,694,7651,871,08817,516,37016,722,15116,419,65115,156,63414,843,02614,224,68714,183,11413,954,74313,332,60113,103,84212,830,70612,319,31111,884,51011,503,27711,094,33910,621,75310,098,40710,041,5739,506,0597,746,6017,613,1357,240,0886,983,3126,571,0776,251,8635,872,3885,653,2524,757,3804,237,4163,340,6152,814,9262,141,7381,629,809000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,100
0
0
0
18,600
0
0
0
25,100
0
0
0
32,300
36,300
37,200
43,300
5,400
49,500
50,400
51,300
56,400
0
0
0
0
0
59,600
72,900
73,200
62,400
64,200
64,20062,40073,20072,90059,6000000056,40051,30050,40049,5005,40043,30037,20036,30032,30000025,10000018,60000010,1000000000000000000000
       Other Assets 
0
0
0
268,976
354,543
424,673
551,936
549,215
613,605
653,489
741,625
765,365
1,056,417
1,144,085
1,261,017
1,361,988
1,473,885
1,463,942
1,428,083
1,530,692
1,443,987
1,425,290
1,362,070
1,368,420
1,364,485
1,445,122
1,561,907
1,642,889
1,679,902
1,856,783
1,983,280
2,025,632
15,636,922
16,937,189
17,275,084
18,153,410
12,527
20,145,846
21,221,978
21,065,094
21,695,464
21,962,930
22,281,128
23,457,408
23,837,188
24,453,860
27,014,561
25,882,222
25,384,084
26,633,678
26,633,67825,384,08425,882,22227,014,56124,453,86023,837,18823,457,40822,281,12821,962,93021,695,46421,065,09421,221,97820,145,84612,52718,153,41017,275,08416,937,18915,636,9222,025,6321,983,2801,856,7831,679,9021,642,8891,561,9071,445,1221,364,4851,368,4201,362,0701,425,2901,443,9871,530,6921,428,0831,463,9421,473,8851,361,9881,261,0171,144,0851,056,417765,365741,625653,489613,605549,215551,936424,673354,543268,976000
> Total Liabilities 
0
0
0
1,051,347
1,549,639
1,627,151
2,103,729
2,988,310
4,075,201
4,567,487
4,879,806
5,021,003
5,580,557
6,028,644
6,347,495
6,809,170
6,969,797
7,420,358
7,850,473
8,002,722
8,360,054
8,804,345
8,972,246
9,335,186
9,679,007
10,144,641
10,392,618
10,593,429
11,017,808
11,303,193
11,246,064
11,486,722
11,718,223
12,917,605
13,088,385
13,674,908
14,005,118
15,184,464
16,147,528
16,085,611
16,945,976
17,123,919
17,627,442
19,142,834
18,761,169
19,253,805
20,430,778
19,960,154
20,505,264
21,206,823
21,206,82320,505,26419,960,15420,430,77819,253,80518,761,16919,142,83417,627,44217,123,91916,945,97616,085,61116,147,52815,184,46414,005,11813,674,90813,088,38512,917,60511,718,22311,486,72211,246,06411,303,19311,017,80810,593,42910,392,61810,144,6419,679,0079,335,1868,972,2468,804,3458,360,0548,002,7227,850,4737,420,3586,969,7976,809,1706,347,4956,028,6445,580,5575,021,0034,879,8064,567,4874,075,2012,988,3102,103,7291,627,1511,549,6391,051,347000
   > Total Current Liabilities 
0
0
0
22,054
23,082
28,986
44,139
54,648
52,139
81,994
95,240
90,169
104,045
112,675
123,604
131,223
146,177
170,758
160,755
190,952
250,068
362,250
168,558
215,983
192,389
227,216
235,227
256,775
223,374
274,353
232,399
309,182
281,122
329,426
310,240
382,132
366,826
453,536
420,444
516,497
491,251
497,709
401,443
492,473
451,094
668,554
681,247
750,573
1,800,156
628,526
628,5261,800,156750,573681,247668,554451,094492,473401,443497,709491,251516,497420,444453,536366,826382,132310,240329,426281,122309,182232,399274,353223,374256,775235,227227,216192,389215,983168,558362,250250,068190,952160,755170,758146,177131,223123,604112,675104,04590,16995,24081,99452,13954,64844,13928,98623,08222,054000
       Short-term Debt 
0
0
0
120,000
0
214,595
250,133
358,000
0
0
0
420,000
445,000
950,000
1,239,000
808,000
575,000
989,000
459,000
569,000
338,000
695,000
494,000
720,000
1,599,000
1,658,000
1,018,000
766,000
706,000
1,477,000
1,436,000
847,000
337,000
956,000
1,072,060
602,000
827,000
801,000
610,000
20,000
515,000
1,169,184
1,194,985
16,518,338
1,208,529
1,226,118
17,616,880
17,022,480
1,255,876
1,333,569
1,333,5691,255,87617,022,48017,616,8801,226,1181,208,52916,518,3381,194,9851,169,184515,00020,000610,000801,000827,000602,0001,072,060956,000337,000847,0001,436,0001,477,000706,000766,0001,018,0001,658,0001,599,000720,000494,000695,000338,000569,000459,000989,000575,000808,0001,239,000950,000445,000420,000000358,000250,133214,5950120,000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,630,758
0
0
0
7,712,421
0
0
0
8,713,874
9,102,689
9,303,312
9,237,320
9,698,785
9,887,499
10,962,446
0
0
2,907
0
0
20,000
515,000
0
0
0
0
0
0
0
0
0
000000000515,00020,000002,9070010,962,4469,887,4999,698,7859,237,3209,303,3129,102,6898,713,8740007,712,4210006,630,7580000000000000000000
       Accounts payable 
0
0
0
0
0
28,986
44,139
0
0
0
0
90,169
104,045
0
123,604
131,223
146,177
170,758
160,755
190,952
250,068
362,250
168,558
215,983
192,389
227,216
235,227
256,775
223,374
274,353
232,399
309,182
281,122
329,426
310,240
382,132
366,826
453,536
420,444
516,497
491,251
497,709
401,443
492,473
451,094
532,440
542,531
611,757
544,280
628,526
628,526544,280611,757542,531532,440451,094492,473401,443497,709491,251516,497420,444453,536366,826382,132310,240329,426281,122309,182232,399274,353223,374256,775235,227227,216192,389215,983168,558362,250250,068190,952160,755170,758146,177131,223123,6040104,04590,169000044,13928,98600000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
774,049
0
0
0
944,815
955,487
963,142
987,647
955,720
976,838
956,548
952,805
960,960
1,001,167
0
0
0
0
0
0
0
0
0
401,443
492,473
451,094
532,440
-17,616,880
0
0
0
000-17,616,880532,440451,094492,473401,4430000000001,001,167960,960952,805956,548976,838955,720987,647963,142955,487944,815000774,0490000000000000000000
   > Long-term Liabilities 
0
0
0
1,029,293
1,526,557
1,598,165
2,059,590
2,933,662
4,023,062
4,485,493
4,784,566
4,930,834
5,476,512
5,915,969
6,223,891
6,677,947
6,823,620
7,249,600
7,689,718
7,811,770
8,109,986
8,442,095
8,803,688
9,119,203
9,486,618
9,917,425
10,157,391
10,336,654
10,794,434
11,028,840
11,013,665
11,177,540
11,437,101
12,588,179
12,778,145
13,292,776
13,638,292
14,730,928
15,727,084
15,569,114
16,454,725
16,626,210
17,225,999
18,650,361
18,310,075
18,585,251
19,749,531
19,209,581
880,383
908,653
908,653880,38319,209,58119,749,53118,585,25118,310,07518,650,36117,225,99916,626,21016,454,72515,569,11415,727,08414,730,92813,638,29213,292,77612,778,14512,588,17911,437,10111,177,54011,013,66511,028,84010,794,43410,336,65410,157,3919,917,4259,486,6189,119,2038,803,6888,442,0958,109,9867,811,7707,689,7187,249,6006,823,6206,677,9476,223,8915,915,9695,476,5124,930,8344,784,5664,485,4934,023,0622,933,6622,059,5901,598,1651,526,5571,029,293000
       Long term Debt Total 
0
0
0
0
0
1,383,570
1,802,648
0
0
0
0
4,384,732
4,861,201
0
5,466,278
5,853,317
5,943,096
6,284,177
6,646,635
6,714,362
6,954,802
7,220,460
7,498,240
7,712,421
8,017,501
8,390,466
8,554,732
8,713,874
9,102,689
9,303,312
9,237,320
9,698,785
9,887,499
10,962,446
11,094,337
11,538,905
11,869,671
12,859,244
13,751,872
13,578,866
14,414,621
14,639,045
15,180,145
16,518,338
16,166,904
16,540,258
17,616,880
17,022,480
17,824,725
18,336,075
18,336,07517,824,72517,022,48017,616,88016,540,25816,166,90416,518,33815,180,14514,639,04514,414,62113,578,86613,751,87212,859,24411,869,67111,538,90511,094,33710,962,4469,887,4999,698,7859,237,3209,303,3129,102,6898,713,8748,554,7328,390,4668,017,5017,712,4217,498,2407,220,4606,954,8026,714,3626,646,6356,284,1775,943,0965,853,3175,466,27804,861,2014,384,73200001,802,6481,383,57000000
       Other Liabilities 
0
0
0
139,366
174,819
243,581
294,272
364,819
382,198
469,618
512,465
543,529
604,938
664,563
717,168
762,590
800,126
875,963
909,776
965,001
1,071,251
1,207,830
1,055,414
1,160,798
1,147,876
1,190,358
1,222,874
1,212,495
1,200,212
1,230,901
1,185,204
1,270,142
1,549,602
1,625,733
1,683,808
1,753,871
1,768,621
1,871,684
1,975,212
1,990,248
2,040,104
1,987,165
2,045,854
2,132,023
2,143,171
2,181,107
2,271,367
2,325,917
2,136,259
2,242,222
2,242,2222,136,2592,325,9172,271,3672,181,1072,143,1712,132,0232,045,8541,987,1652,040,1041,990,2481,975,2121,871,6841,768,6211,753,8711,683,8081,625,7331,549,6021,270,1421,185,2041,230,9011,200,2121,212,4951,222,8741,190,3581,147,8761,160,7981,055,4141,207,8301,071,251965,001909,776875,963800,126762,590717,168664,563604,938543,529512,465469,618382,198364,819294,272243,581174,819139,366000
       Deferred Long Term Liability 
0
0
0
0
0
0
6,809
0
0
0
0
92,742
114,418
0
164,049
193,263
226,575
260,218
294,062
323,359
334,001
376,055
418,592
461,967
513,630
563,817
615,012
667,060
714,907
768,980
823,540
517,795
548,435
580,273
611,748
643,767
680,567
711,788
749,504
749,495
782,368
817,981
850,869
916,404
934,642
954,989
980,775
1,013,270
880,383
908,653
908,653880,3831,013,270980,775954,989934,642916,404850,869817,981782,368749,495749,504711,788680,567643,767611,748580,273548,435517,795823,540768,980714,907667,060615,012563,817513,630461,967418,592376,055334,001323,359294,062260,218226,575193,263164,0490114,41892,74200006,809000000
> Total Stockholder Equity
0
0
0
1,224,935
1,239,019
2,127,350
2,144,290
2,176,283
2,211,427
2,240,850
2,285,672
2,333,630
2,376,127
2,411,027
2,461,815
2,524,443
2,584,517
2,632,768
2,696,100
2,773,072
2,786,194
2,862,871
2,940,458
3,020,922
3,105,413
3,196,539
3,289,299
3,383,197
3,460,244
3,559,216
3,656,615
4,128,478
4,227,663
4,338,883
4,479,959
4,808,010
5,173,817
5,299,884
5,462,173
5,623,544
5,736,369
5,869,801
5,977,323
6,072,341
6,428,212
6,501,715
6,583,783
7,008,568
6,369,585
6,439,634
6,439,6346,369,5857,008,5686,583,7836,501,7156,428,2126,072,3415,977,3235,869,8015,736,3695,623,5445,462,1735,299,8845,173,8174,808,0104,479,9594,338,8834,227,6634,128,4783,656,6153,559,2163,460,2443,383,1973,289,2993,196,5393,105,4133,020,9222,940,4582,862,8712,786,1942,773,0722,696,1002,632,7682,584,5172,524,4432,461,8152,411,0272,376,1272,333,6302,285,6722,240,8502,211,4272,176,2832,144,2902,127,3501,239,0191,224,935000
   Common Stock
0
0
0
654
654
1,002
1,002
1,002
1,002
1,009
1,009
1,009
1,009
1,009
1,009
1,009
1,009
1,010
1,010
1,010
1,010
1,010
1,010
1,010
1,010
1,010
1,010
1,010
1,012
1,012
1,032
1,036
1,040
1,041
1,041
1,110
1,111
1,117
1,127
1,134
1,136
1,138
1,138
1,139
1,141
1,141
1,140
1,140
1,113
1,109
1,1091,1131,1401,1401,1411,1411,1391,1381,1381,1361,1341,1271,1171,1111,1101,0411,0411,0401,0361,0321,0121,0121,0101,0101,0101,0101,0101,0101,0101,0101,0101,0101,0101,0091,0091,0091,0091,0091,0091,0091,0091,0021,0021,0021,002654654000
   Retained Earnings Total Equity
0
0
0
0
0
-41,841
-23,570
0
0
0
0
133,111
170,575
0
257,066
312,859
371,197
430,176
489,537
555,573
570,804
642,817
715,756
791,526
879,242
965,902
1,054,037
1,143,311
1,220,970
1,314,154
1,405,601
1,866,342
1,966,596
2,071,408
2,207,575
2,331,552
2,455,201
2,564,719
2,702,018
2,846,106
2,962,368
3,089,082
3,188,566
3,277,599
3,339,588
3,406,912
3,488,655
3,609,885
3,109,331
3,194,672
3,194,6723,109,3313,609,8853,488,6553,406,9123,339,5883,277,5993,188,5663,089,0822,962,3682,846,1062,702,0182,564,7192,455,2012,331,5522,207,5752,071,4081,966,5961,866,3421,405,6011,314,1541,220,9701,143,3111,054,037965,902879,242791,526715,756642,817570,804555,573489,537430,176371,197312,859257,0660170,575133,1110000-23,570-41,84100000
   Accumulated Other Comprehensive Income 
0
0
0
-19,262
-37,392
-62,036
-92,693
-131,569
-175,905
-228,442
-286,374
-347,035
-410,898
-479,681
-551,432
-621,180
-693,075
-754,227
-829,159
-878,617
-969,204
-1,012,674
-1,114,720
-1,213,323
-1,311,215
-1,398,298
-1,490,007
-1,555,605
-1,657,268
-1,643,809
-1,725,061
-1,819,790
-1,955,924
-2,098,524
-2,161,154
-2,278,214
-2,383,032
-2,554,720
-2,689,880
-1,397
-2,875
-2,351
-971
325
-922
-1,149
-1,735
-1,808
-70
-535
-535-70-1,808-1,735-1,149-922325-971-2,351-2,875-1,397-2,689,880-2,554,720-2,383,032-2,278,214-2,161,154-2,098,524-1,955,924-1,819,790-1,725,061-1,643,809-1,657,268-1,555,605-1,490,007-1,398,298-1,311,215-1,213,323-1,114,720-1,012,674-969,204-878,617-829,159-754,227-693,075-621,180-551,432-479,681-410,898-347,035-286,374-228,442-175,905-131,569-92,693-62,036-37,392-19,262000
   Capital Surplus 
0
0
0
0
0
2,167,187
2,165,856
0
0
0
0
2,198,501
2,203,534
0
2,202,731
2,209,566
2,211,302
2,200,572
2,204,543
2,215,479
2,213,370
2,218,034
2,222,682
2,227,376
2,224,151
2,228,617
2,233,242
2,237,866
2,237,250
2,243,038
2,248,950
2,260,064
2,258,987
2,265,393
2,270,302
2,474,238
2,717,405
2,733,948
2,758,928
2,777,601
2,775,640
2,781,832
2,788,490
2,793,178
3,088,302
3,094,708
3,095,620
3,399,245
3,259,105
3,244,282
3,244,2823,259,1053,399,2453,095,6203,094,7083,088,3022,793,1782,788,4902,781,8322,775,6402,777,6012,758,9282,733,9482,717,4052,474,2382,270,3022,265,3932,258,9872,260,0642,248,9502,243,0382,237,2502,237,8662,233,2422,228,6172,224,1512,227,3762,222,6822,218,0342,213,3702,215,4792,204,5432,200,5722,211,3022,209,5662,202,73102,203,5342,198,50100002,165,8562,167,18700000
   Treasury Stock00000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,397
-2,875
-2,351
2,788,619
2,793,178
3,088,302
3,094,708
3,095,620
3,399,245
3,259,211
3,244,388
3,244,3883,259,2113,399,2453,095,6203,094,7083,088,3022,793,1782,788,619-2,351-2,875-1,397000000000000000000000000000000000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.