Brunswick Corporation
Buy, Hold or Sell?

I guess you are interested in Brunswick 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 analyse Brunswick

Let's start. I'm going to help you getting a better view of Brunswick 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.

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Company's Financial Health
A deep dive into the books. How are the numbers doing? Is Brunswick Corporation 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 Brunswick Corporation is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Brunswick Corporation. The closing price on 2022-10-03 was $66.46 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.

Brunswick Corporation Daily Candlestick Chart

Summary

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

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

1.1. Profitability of Brunswick Corporation.

1.1. Profitability

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

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Brunswick to the Recreational Vehicles industry mean.
A Net Profit Margin of 9.5% means that $0.10 for each $1 in revenue is generated as profit.

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

The MRQ is 10.7%. The company is making a huge profit. +2
The TTM is 9.5%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	10.7%	TTM	9.5%	+1.2%
TTM	9.5%	YOY	10.7%	-1.1%
TTM	9.5%	5Y	4.8%	+4.7%
5Y	4.8%	10Y	6.5%	-1.6%

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
MRQ	10.7%	7.1%	+3.6%
TTM	9.5%	3.5%	+6.0%
YOY	10.7%	4.8%	+5.9%
5Y	4.8%	4.0%	+0.8%
10Y	6.5%	4.4%	+2.1%

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

Revenue is the amount of profit Brunswick 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 Brunswick 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 Brunswick to the Recreational Vehicles industry mean.
Can be used to compare companies within the Recreational Vehicles industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Brunswick. If profit margins remain low (compared to the Recreational Vehicles 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 Brunswick is 9.5%. This means that Brunswick earned $0.10 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 Recreational Vehicles industry is 7.1%.
What is the trend?
The trend is important because it shows you how Brunswick is performing over time. The most recent quarter might be important if Brunswick 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 Brunswick 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 Brunswick with other companies in the same industry (Recreational Vehicles).
Net profit margin should rise over the years.
Can be influenced when Brunswick sells assets (profit will increase while costs remain the same).
It won’t show what part of Brunswick 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 Brunswick

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 Brunswick = 197,300
Total revenue MRQ Brunswick = 1,835,600
$197,300 / $1,835,600 = 0.11 or 10.7%

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 Brunswick is using its assets to generate profit.

Above 5% is considered healthy but always compare Brunswick to the Recreational Vehicles industry mean.
2.7% Return on Assets means that Brunswick generated $0.03 profit for each $1 in assets.

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

The MRQ is 3.2%. Using its assets, the company is less efficient in making profit.
The TTM is 2.7%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	3.2%	TTM	2.7%	+0.5%
TTM	2.7%	YOY	3.7%	-1.0%
TTM	2.7%	5Y	1.6%	+1.1%
5Y	1.6%	10Y	2.2%	-0.6%

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
MRQ	3.2%	2.3%	+0.9%
TTM	2.7%	1.6%	+1.1%
YOY	3.7%	2.1%	+1.6%
5Y	1.6%	1.8%	-0.2%
10Y	2.2%	1.8%	+0.4%

Shows how efficient Brunswick 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

2.7% return on assets means the company generated $0.03 for each $1 in assets.

Higher is better
Above 5% is considered healthy but always compare Brunswick to the Recreational Vehicles 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 Brunswick is using its resources to generate profit. If the return on assets (2.7%) from Brunswick are higher than the Recreational Vehicles mean (2.3%) that means Brunswick 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 Brunswick is 2.7%. This means the company generated $0.03 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Recreational Vehicles industry is 2.3%.
What is the trend?
The trend is important because it shows you how Brunswick is performing over time. The most recent quarter might be important if Brunswick 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 Brunswick 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 Brunswick

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

Income statement
Balance sheet

Net income MRQ (income statement) from Brunswick = 197,300
Total assets MRQ (balance sheet) from Brunswick = 6,166,500
197,300 / 6,166,500 = 0.03 or 3.2%

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

Above 15%-20% is considered healthy but always compare Brunswick to the Recreational Vehicles industry mean.
9.8% Return on Equity means the company generated $0.10 for each $1 the owners (shareholders) invested.

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

The MRQ is 9.8%. Using its investors money, the company is less efficient in making profit.
The TTM is 7.9%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	9.8%	TTM	7.9%	+1.9%
TTM	7.9%	YOY	9.1%	-1.1%
TTM	7.9%	5Y	4.2%	+3.7%
5Y	4.2%	10Y	5.3%	-1.1%

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
MRQ	9.8%	5.3%	+4.5%
TTM	7.9%	5.1%	+2.8%
YOY	9.1%	5.3%	+3.8%
5Y	4.2%	4.5%	-0.3%
10Y	5.3%	4.0%	+1.3%

Shows how efficient Brunswick 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

7.9% return on equity means Brunswick generated $0.08 for each $1 the owners (shareholders) invested.

Higher is better
Above 15%-20% is considered healthy but always compare Brunswick to the Recreational Vehicles 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 Recreational Vehicles 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 Brunswick is 7.9%. This means that Brunswick earned $0.08 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Return on Equity of the Recreational Vehicles industry is 5.3%.
What is the trend?
The trend is important because it shows you how Brunswick is performing over time. The most recent quarter might be important if Brunswick 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 Brunswick 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.
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 Brunswick

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Brunswick = 197,300
Shareholders equity (balance sheet) MRQ Brunswick = 2,004,600
197,300 / 2,004,600 = 0.10 or 9.8%

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 Brunswick Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Brunswick is operating .

Measures how much profit Brunswick 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 Brunswick to the Recreational Vehicles industry mean.
An Operating Margin of 15.2% means the company generated $0.15 for each $1 in revenue (before taxes).

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

The MRQ is 15.2%. The company is operating efficient. +1
The TTM is 12.9%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	15.2%	TTM	12.9%	+2.3%
TTM	12.9%	YOY	14.8%	-1.9%
TTM	12.9%	5Y	8.2%	+4.7%
5Y	8.2%	10Y	8.0%	+0.3%

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
MRQ	15.2%	9.6%	+5.6%
TTM	12.9%	5.1%	+7.8%
YOY	14.8%	6.2%	+8.6%
5Y	8.2%	4.7%	+3.5%
10Y	8.0%	4.1%	+3.9%

Measures how efficient Brunswick 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 Brunswick to the Recreational Vehicles 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 Brunswick 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 Brunswick is 12.9%. This means that Brunswick earned $0.13 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Recreational Vehicles industry is 9.6%.
What is the trend?
The trend is important because it shows you how Brunswick is performing over time. The most recent quarter might be important if Brunswick 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 Brunswick 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 Brunswick

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Brunswick = 279,000
Total revenue MRQ Brunswick = 1,835,600
$279,000 / $1,835,600 = 0.15 or 15.2%

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 Brunswick is keeping operating costs low.

Below 1 is considered healthy (always compare to Recreational Vehicles industry mean).
An Operation Ratio of 0.85 means that the operating costs are $0.85 for each $1 in net sales.

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

The MRQ is 0.848. The company is less efficient in keeping operating costs low.
The TTM is 0.869. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.848	TTM	0.869	-0.021
TTM	0.869	YOY	0.850	+0.018
TTM	0.869	5Y	0.902	-0.034
5Y	0.902	10Y	0.911	-0.008

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
MRQ	0.848	0.985	-0.137
TTM	0.869	0.913	-0.044
YOY	0.850	0.935	-0.085
5Y	0.902	0.944	-0.042
10Y	0.911	0.943	-0.032

Measures how efficient Brunswick 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 Brunswick to the Recreational Vehicles 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 Brunswick is 86.9%. This means that Brunswick earned $0.87 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Recreational Vehicles industry is 0.99.
What is the trend?
The trend is important because it shows you how Brunswick is performing over time. The most recent quarter might be important if Brunswick 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 Brunswick 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 Brunswick

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
(1,299,200 +257,400) \ 1,835,600 = 0.85

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 Brunswick Corporation.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Recreational Vehicles industry mean).
A Current Ratio of 4.02 means the company has $4.02 in assets for each $1 in short-term debts.

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

The MRQ is 4.017. The company is very able to pay all its short-term debts. +2
The TTM is 2.981. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	4.017	TTM	2.981	+1.036
TTM	2.981	YOY	1.633	+1.347
TTM	2.981	5Y	1.920	+1.061
5Y	1.920	10Y	1.896	+0.024

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
MRQ	4.017	1.617	+2.400
TTM	2.981	1.712	+1.269
YOY	1.633	1.594	+0.039
5Y	1.920	1.685	+0.235
10Y	1.896	1.530	+0.366

Measures if Brunswick 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 Recreational Vehicles 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 Brunswick 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 Brunswick is 298.1%. This means that Brunswick earned $2.98 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Current Ratio of the Recreational Vehicles industry is 1.62.
What is the trend?
The trend is important because it shows you how Brunswick is performing over time. The most recent quarter might be important if Brunswick 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 Brunswick 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 Brunswick

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets / current liabilities
2,599,000 \ 647,000) = 2.98

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

Above 1 is considered healthy (always compare to Recreational Vehicles industry mean)
A Quick Ratio of 1.93 means the company can pay off $1.93 for each $1 in debt (using most liquid assets).

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

The MRQ is 1.935. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 1.528. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	1.935	TTM	1.528	+0.406
TTM	1.528	YOY	0.947	+0.581
TTM	1.528	5Y	0.981	+0.547
5Y	0.981	10Y	0.979	+0.002

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
MRQ	1.935	0.692	+1.243
TTM	1.528	0.754	+0.774
YOY	0.947	0.747	+0.200
5Y	0.981	0.816	+0.165
10Y	0.979	0.770	+0.209

1.4. Solvency of Brunswick Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Brunswick assets are financed with debt.

Below 1 (100%) is considered healthy (always compare to Recreational Vehicles industry mean).
A Debt to Asset Ratio of 0.67 means that Brunswick assets are financed with 67.5% credit (debt) and the remaining percentage (100% - 67.5%) is financed by its owners/shareholders.

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

The MRQ is 0.675. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.624. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.675	TTM	0.624	+0.051
TTM	0.624	YOY	0.590	+0.034
TTM	0.624	5Y	0.608	+0.016
5Y	0.608	10Y	0.641	-0.033

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
MRQ	0.675	0.557	+0.118
TTM	0.624	0.569	+0.055
YOY	0.590	0.589	+0.001
5Y	0.608	0.547	+0.061
10Y	0.641	0.548	+0.093

1.4.2. Debt to Equity Ratio

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

Below 2 is considered healthy (always compare to Recreational Vehicles industry mean).
A Debt to Equity ratio of 207.6% means that company has $2.08 debt for each $1 in shareholders equity.

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

The MRQ is 2.076. The company is just not able to pay all its debts with equity.
The TTM is 1.836. The company is just able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	2.076	TTM	1.836	+0.240
TTM	1.836	YOY	1.442	+0.394
TTM	1.836	5Y	1.603	+0.233
5Y	1.603	10Y	3.293	-1.690

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
MRQ	2.076	1.158	+0.918
TTM	1.836	1.167	+0.669
YOY	1.442	1.548	-0.106
5Y	1.603	1.216	+0.387
10Y	3.293	0.860	+2.433

2. Market Valuation of Brunswick Corporation

2. Earnings

2.1. Price to Earnings Ratio

Measures how many years it takes to double your invested money in Brunswick.

Above 15 is considered overpriced but is hard to determine (always use industry average).
A PE ratio of 8.28 means the investor is paying $8.28 for every $1 in earnings.

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

The EOD is 8.422. Good. +1
The MRQ is 8.285. Good. +1
The TTM is 11.239. Good. +1

Trends

Current period		Compared to		+/-
EOD	8.422	MRQ	8.285	+0.137
MRQ	8.285	TTM	11.239	-2.955
TTM	11.239	YOY	14.913	-3.674
TTM	11.239	5Y	-2.270	+13.509
5Y	-2.270	10Y	5.871	-8.141

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
EOD	8.422	4.875	+3.547
MRQ	8.285	5.487	+2.798
TTM	11.239	8.548	+2.691
YOY	14.913	14.913	+0.000
5Y	-2.270	12.428	-14.698
10Y	5.871	9.434	-3.563

Compares the company's stock price to its earnings.

Indicates if the company’s shares are under or overvalued. A very high PE ratio means that the price of the stock is much higher than the reported earnings.

How to use PE ratio

A PE ratio of 15 means the investor is paying $15 for every $1 in earnings

Above 15 is considered overpriced but is hard to determine (always use industry average)
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.

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.

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 (The market value per share is simply the current stock price. )

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
Outstanding shares can be found in the balance sheet

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 Brunswick.

Lower is better
A PEG ratio of 1 means the investor is paying a fair price for the stock

Let's take a look of the Price Earnings to Growth Ratio trends of Brunswick Corporation:

The MRQ is 1.153. Seems overpriced? -1
The TTM is 0.479. Very good. +2

Trends

Current period		Compared to		+/-
MRQ	1.153	TTM	0.479	+0.674
TTM	0.479	YOY	-0.024	+0.503
TTM	0.479	5Y	0.508	-0.029
5Y	0.508	10Y	0.199	+0.310

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
MRQ	1.153	0.087	+1.066
TTM	0.479	0.045	+0.434
YOY	-0.024	0.019	-0.043
5Y	0.508	0.016	+0.492
10Y	0.199	0.045	+0.154

PEG Ratio	Meaning
0.5	You can buy the stock cheap
1	You pay a fair price
2.5	The stock is overpriced

2. Books

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Recreational Vehicles industry mean).
A PB ratio of 2.54 means the investor is paying $2.54 for each $1 in book value.

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

The EOD is 2.586. Good. +1
The MRQ is 2.544. Good. +1
The TTM is 3.222. Neutral. Compare to industry.

Trends

Current period		Compared to		+/-
EOD	2.586	MRQ	2.544	+0.042
MRQ	2.544	TTM	3.222	-0.678
TTM	3.222	YOY	4.053	-0.831
TTM	3.222	5Y	3.390	-0.168
5Y	3.390	10Y	5.467	-2.077

Compared to industry (Recreational Vehicles)

Period	Company	Industry (mean)	+/-
EOD	2.586	1.505	+1.081
MRQ	2.544	1.855	+0.689
TTM	3.222	2.854	+0.368
YOY	4.053	2.829	+1.224
5Y	3.390	2.491	+0.899
10Y	5.467	2.282	+3.185

Measures if the stock price of Brunswick is to cheap or to expensive compared to its [abbr name=book value&text=What the company is worth when you subtract total liabilities from total assets).

The book value of a company is what remains when you subtract total liabilities from total assets. This can also become negative which means the company has more debts than assets.

The price to book ratio shows the investor if the stock is under or overvalued. A high price to book ratio means that the investor is paying more for a share than the company has in total assets.

How to use PB ratio

A PB ratio of 3 means the investor is paying $3 for each $1 in book value.

Lower is better
At or below 1 is considered healthy
Can be very different between industries
Can be used to compare companies

Why do investors use PB ratio in their analysis

Helps investors to determine if the current stock price is under or overvalued. A low PB ratio means the company’s stock is trading for less than the leftover of total assets - total liabilities. PB ratios can also turn negative which means the company might be in serious financial trouble. In other words, the company has more liabilities than assets.

Things to be aware of

Only compare with other companies in the same industry
Negative PB ratio means that the company might be in serious financial trouble
A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

How to calculate price to book ratio

Calculate the book value: total assets - total liabilities
Calculate book value per share: book value / total outstanding shares
Price to book ratio = share price / book value per share

Real life example

You need the following data to determine Price to book ratio:

Balance sheet
Current stock price
Key performance indicators

1. Calculate the book value: total assets - total liabilities:

Book value = $68,513,000 - $30,855,000 = $37,658,000

2. Calculate book value per share:

Book value per share = $37,658,000 / total outstanding shares (can be found in the latest balance sheet):

Book value per share = $37,658,000 / 3,465,000 = $10.868

3. Price to book ratio = share price / $10.868:

MRQ (most recent quarter) PB ratio = $673.420 / $10.868 = $61,96

The price to book ratio is another way to determine if a stock is under or overvalued. The PB ratio is used to compare the current stock price to its book value. In other words, the PB ratio is used to compare all the assets minus liabilities in relation to the stock price.

If the PB ratio is greater than 1 that means the stock is trading for a higher price than the intrinsic value of the company. Meaning, you pay more than what the company is worth. Although future growth is hard to measure. A higher PB ratio than 1 also means that you are last in line (shareholders get paid last when a company defaults) when the company goes bankrupt for whatever reason.

Book value is limited for companies that offer services because there are not many tangible assets on the balance sheet compared to large manufacturing companies. It also does not take brand names, patents and other things in consideration.

2.4. Latest News of Brunswick Corporation

Does Brunswick 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 Brunswick Corporation to keep up to date. Note: the news is often already included in the price.

Date	Title	Read
2022-09-27 20:43	Navico Group Bolsters ACES Strategy with the Launch of New Fathom e-Power System	Read
2022-09-14 12:00	Brunswick Corporation and its brands set new records at the 2022 Cannes Boat Show	Read
2022-09-08 18:20	When Should You Buy Brunswick Corporation (NYSE:BC)?	Read

3. Holders & Insider Transactions

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

3.1. Institutions holding Brunswick Corporation

Institutions are holding 96.529% of the shares of Brunswick Corporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2022-03-31	Vanguard Group Inc	9.8344	0.014	7313769	-199022	-2.6491
2022-06-30	Cantillon Capital Management LLC	5.8443	2.372	4346374	223574	5.4229
2022-03-31	Massachusetts Financial Services Company	3.6059	0.0643	2681652	281290	11.7186
2022-03-31	JPMorgan Chase & Co	2.8691	0.0208	2133700	-715633	-25.1158
2022-03-31	State Street Corporation	2.8527	0.0085	2121553	53083	2.5663
2022-03-31	American Century Companies Inc	2.6897	0.1106	2000325	371973	22.8435
2022-03-31	Kensico Capital Management Corp	2.3531	5.7522	1750000	582900	49.9443
2022-06-30	Turtle Creek Asset Management Inc.	2.2704	4.2756	1688500	666100	65.1506
2022-06-30	Lakewood Capital Management, LP	1.9292	5.81	1434764	126000	9.6274
2022-06-30	TimesSquare Capital Management, LLC	1.805	1.2238	1342400	1300	0.0969
2022-03-31	Principal Financial Group Inc	1.6131	0.0612	1199618	21370	1.8137
2022-03-31	Dimensional Fund Advisors, Inc.	1.5362	0.0285	1142450	84345	7.9713
2022-06-30	Silvercrest Asset Management Group LLC	1.5201	0.5618	1130514	-62742	-5.2581
2022-03-31	Kempen Capital Management N.V.	1.5096	2.7723	1122663	222219	24.6788
2022-03-31	Federated Hermes Inc	1.4259	0.1938	1060435	-115440	-9.8174
2022-03-31	Citadel Advisors Llc	1.3814	0.0172	1027324	378599	58.3605
2022-06-30	Geode Capital Management, LLC	1.3653	0.0097	1015372	21114	2.1236
2022-06-30	Bleichroeder LP	1.3119	13.1712	975636	350636	56.1018
2022-03-31	Bank of New York Mellon Corp	1.2082	0.0141	898513	5975	0.6694
2022-06-30	Jennison Associates LLC	1.1853	0.0575	881523	-48241	-5.1885
Total		50.1108	36.5391	37267085

3.2. Funds holding Brunswick Corporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2022-07-31	Vanguard Total Stock Mkt Idx Inv	3.0136	0.0147	2241163	12077	0.5418
2022-07-29	iShares Core S&P Mid-Cap ETF	2.9586	0.2814	2200328	2646	0.1204
2022-07-31	Vanguard Small Cap Index	2.5782	0.1264	1917404	3814	0.1993
2022-06-30	American Century U.S. Small Cap Value	1.8354	1.6943	1365000	55000	4.1985
2022-06-30	American Century Small Cap Value Inv	1.8354	1.6925	1365000	73273	5.6725
2022-07-31	Vanguard Small Cap Value Index Inv	1.705	0.217	1267992	5915	0.4687
2022-06-30	MFS Mid Cap Value A	1.5167	0.5054	1127984	0	0
2022-06-30	MFS Mid Cap Value Equity	1.5167	0.5054	1127984	27943	2.5402
2022-06-30	JPMorgan Small Cap Equity A	1.5009	1.2859	1116235	0	0
2022-06-30	JPM US Small Cap Core-Composite	1.5009	1.2927	1116235	0	0
2022-07-31	Vanguard Extended Market Index Investor	1.38	0.0944	1026277	19399	1.9266
2022-04-30	Federated Hermes SDG Enggmt Eq X USD Acc	0.8863	2.5167	659146	3026	0.4612
2022-07-31	SPDR® S&P MIDCAP 400 ETF Trust	0.8812	0.2827	655325	-2284	-0.3473
2022-07-31	Kempen (Lux) Global Small-Cap I	0.8705	3.5014	647392	282	0.0436
2022-07-29	iShares S&P Mid-Cap 400 Growth ETF	0.6923	0.5862	514837	1315	0.2561
2022-07-31	Handelsbanken Amerika Småbl Tema A10 EUR	0.6914	2.4905	514200	0	0
2022-06-30	WEDGE QVM-Large Cap Value	0.5723	0.6696	425640	39984	10.3678
2022-07-31	MFS New Discovery I	0.568	1.3971	422449	0	0
2022-07-31	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5304	0.0949	394450	0	0
2022-06-30	Fidelity® Extended Market Index	0.5175	0.086	384854	-3770	-0.9701
Total		27.5513	19.3352	20489895

3.3. Insider Transactions

Insiders are holding 1.192% of the shares of Brunswick Corporation.

Date	Owner	Type	Amount	Price	Post Transaction Amount
2022-08-01	David V Singer	SELL	180	80.69	19329
2022-03-14	Randall S Altman	SELL	2040	85.86
2022-02-18	Christopher F Dekker	SELL	7854	95.74
2022-02-17	Ryan M Gwillim	SELL	1000	97.09
2021-08-17	Brenna Preisser	SELL	1000	102.75
2021-02-16	Christopher F. Dekker	SELL	3500	91.72
2020-08-14	Randall S Altman	SELL	3746	65.06	13011
2020-02-18	Christopher F. Dekker	SELL	3025	64.73
2019-11-12	Brenna Preisser	SELL	1339	59.24
2019-10-29	William Metzger	SELL	4111	59.65
2019-09-12	William Metzger	SELL	15517	53.77
2019-03-15	Daniel J. Tanner	SELL	3373	53.28
2019-02-14	Christopher F Dekker	SELL	1599	49.94	32323
2019-02-12	Christopher F. Dekker	SELL	1279	48.67
2018-12-06	Ralph C Stayer	BUY	3310	51.22	116211
2018-11-30	Manuel A Fernandez	BUY	13235	53.09	109784
2018-10-01	John C. Pfeifer	SELL	5446	66.95
2018-06-05	Mark D Schwabero	SELL	15237	67.45	307614
2018-06-05	William Metzger	SELL	13530	67.42
2018-05-31	Mark D. Schwabero	SELL	16262	63.54

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Per Share	-	-	25.700	27.634	-7%	20.186	+27%	19.761	+30%	15.327	+68%
Book Value Per Share Growth	-	-	-10.971	0.797	-1477%	1.354	-910%	0.433	-2635%	0.600	-1930%
Current Ratio	-	-	4.017	2.981	+35%	1.633	+146%	1.920	+109%	1.896	+112%
Debt To Asset Ratio	-	-	0.675	0.624	+8%	0.590	+14%	0.608	+11%	0.641	+5%
Debt To Equity Ratio	-	-	2.076	1.836	+13%	1.442	+44%	1.603	+30%	3.293	-37%
Dividend Per Share	-	-	0.351	0.343	+2%	0.276	+27%	0.246	+43%	0.174	+102%
Eps	-	-	2.529	1.973	+28%	1.841	+37%	0.900	+181%	0.949	+167%
Eps Growth	-	-	7.183	43.059	-83%	-1400.264	+19593%	-306.647	+4369%	-225.828	+3244%
Gains Per Share	-	-	-10.619	1.140	-1032%	1.630	-751%	0.679	-1664%	0.773	-1473%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Net Profit Margin	-	-	0.107	0.095	+13%	0.107	+1%	0.048	+123%	0.065	+66%
Operating Margin	-	-	0.152	0.129	+18%	0.148	+2%	0.082	+84%	0.080	+91%
Operating Ratio	-	-	0.848	0.869	-2%	0.850	0%	0.902	-6%	0.911	-7%
Pb Ratio	2.586	+2%	2.544	3.222	-21%	4.053	-37%	3.390	-25%	5.467	-53%
Pe Ratio	8.422	+2%	8.285	11.239	-26%	14.913	-44%	-2.270	+127%	5.871	+41%
Peg Ratio	-	-	1.153	0.479	+141%	-0.024	+102%	0.508	+127%	0.199	+481%
Price Per Share	66.460	+2%	65.380	85.568	-24%	82.535	-21%	66.432	-2%	55.865	+17%
Quick Ratio	-	-	1.935	1.528	+27%	0.947	+104%	0.981	+97%	0.979	+98%
Return On Assets	-	-	0.032	0.027	+20%	0.037	-14%	0.016	+102%	0.022	+48%
Return On Equity	-	-	0.098	0.079	+24%	0.091	+9%	0.042	+135%	0.053	+86%
	EOD	+0 -3	MRQ	TTM	+12 -7	YOY	+13 -6	5Y	+13 -6	10Y	+13 -6

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	8.422
Price to Book Ratio (EOD)	Between	0-1	2.586
Net Profit Margin (MRQ)	Greater than	0	0.107
Operating Margin (MRQ)	Greater than	0	0.152
Quick Ratio (MRQ)	Greater than	1	1.935
Current Ratio (MRQ)	Greater than	1	4.017
Debt to Asset Ratio (MRQ)	Less than	1	0.675
Debt to Equity Ratio (MRQ)	Less than	1	2.076
Return on Equity (MRQ)	Greater than	0.15	0.098
Return on Assets (MRQ)	Greater than	0.05	0.032
Total			6/10 (60.0%)

Create your own Stock Scanner

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

4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	36.613
Ma 20	Greater than	Ma 50	70.508
Ma 50	Greater than	Ma 100	76.002
Ma 100	Greater than	Ma 200	73.422
Open	Greater than	Close	66.320
Total			1/5 (20.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

		2021-06-30		2021-09-30		2021-12-31		2022-03-31		2022-06-30
Net non Operating Income Other		-200	-4,500	-4,700	3,300	-1,400	800	-600	2,100	1,500

Latest Balance Sheet

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

Summary

Total Assets	6,166,500
Total Liabilities	4,161,900
Total Stockholder Equity	2,004,600

	As reported
Total Liabilities	4,161,900
Total Stockholder Equity	+ 2,004,600
Total Assets	= 6,166,500

Assets

Total Assets	6,166,500
Total Current Assets	2,599,000
Long-term Assets	2,599,000

Total Current Assets

Total Current Assets (as reported)	2,599,000
Cash And Cash Equivalents	566,700
Short-term Investments	37,000
Net Receivables	611,000
Inventory	1,372,400
Other Current Assets	11,900
Total Current Assets (calculated)	2,599,000
+/-	0

Long-term Assets

Long-term Assets (as reported)	2,284,500
Property Plant Equipment	103,000
Goodwill	966,700
Long Term Investments	48,000
Intangible Assets	1,038,200
Long-term Assets Other	32,200
Long-term Assets (calculated)	2,188,100
+/-	96,400

Liabilities & Shareholders' Equity

Total Current Liabilities	647,000
Long-term Liabilities	3,514,900
Total Stockholder Equity	2,004,600

Total Current Liabilities

Total Current Liabilities (as reported)	647,000
Short-term Debt	3,000
Short Long Term Debt	3,000
Accounts payable	644,000
Other Current Liabilities	138,800
Total Current Liabilities (calculated)	788,800
+/-	141,800

Long-term Liabilities

Long-term Liabilities (as reported)	3,514,900
Long term Debt Total	2,499,000
Capital Lease Obligations	86,100
Other Liabilities	315,200
Long-term Liabilities (calculated)	2,900,300
+/-	614,600

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,004,600
Common Stock	76,900
Retained Earnings	3,063,600
Accumulated Other Comprehensive Income	-33,900
Capital Surplus	380,800
Treasury Stock	-1,455,400
Other Stockholders Equity	-33,900
Total Stockholder Equity (calculated)	1,998,100
+/-	6,500

Other

Capital Stock	76,900
Cash and Short Term Investments	603,700
Common Stock Shares Outstanding	78,000
Common Stock Total Equity	76,900
Liabilities and Stockholders Equity	6,166,500
Net Debt	1,935,300
Net Invested Capital	2,502,000
Net Tangible Assets	-300
Net Working Capital	1,337,700
Property Plant and Equipment Gross	1,164,400
Short Long Term Debt Total	2,502,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

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2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

1993-09-30

1993-06-30

1993-03-31

1992-12-31

1992-09-30

1992-06-30

1992-03-31

1991-12-31

1991-09-30

1991-06-30

1991-03-31

1990-12-31

1990-09-30

1990-06-30

1990-03-31

1989-12-31

1989-09-30

1989-06-30

1989-03-31

1988-12-31

1988-09-30

1988-06-30

1988-03-31

1987-12-31

1987-09-30

1987-06-30

1987-03-31

1986-12-31

1986-09-30

1986-06-30

1986-03-31

1985-12-31

1985-09-30

> Total Assets

0
1,002,200
0
0
0
1,874,900
0
0
0
1,896,300
0
0
0
2,092,000
0
2,170,600
2,056,600
1,984,800
2,069,700
2,034,000
1,947,300
1,895,300
1,904,500
1,855,700
1,860,400
1,856,900
1,876,500
1,973,600
1,949,600
1,908,000
1,933,200
1,937,400
1,982,500
1,983,700
1,995,700
2,111,900
2,155,400
2,122,300
2,192,000
2,256,600
2,277,500
2,360,500
2,434,000
2,458,700
2,600,400
2,802,400
2,878,200
2,930,500
3,238,400
3,241,400
3,452,600
3,475,200
3,400,400
3,351,500
3,501,400
3,513,200
3,488,500
3,354,800
3,546,500
3,496,500
3,422,800
3,396,500
3,387,500
3,327,600
3,274,300
3,157,500
3,210,800
3,404,300
3,373,100
3,407,100
3,373,300
3,533,800
3,579,000
3,602,500
3,790,200
4,094,900
4,202,000
4,346,400
4,342,400
4,536,800
4,618,500
4,621,500
4,555,000
4,633,400
4,834,700
4,450,300
4,414,600
4,484,100
4,471,500
4,365,600
4,411,400
4,345,100
3,465,900
3,223,900
2,936,600
2,874,400
2,880,400
2,709,400
2,758,100
2,743,400
2,731,700
2,678,000
2,723,400
2,792,000
2,577,800
2,494,000
2,532,000
2,571,500
2,507,900
2,424,200
2,444,100
2,390,700
2,416,900
2,915,800
2,945,700
3,030,800
3,069,100
3,134,400
3,033,800
3,100,300
3,127,000
3,152,500
3,122,700
3,243,600
3,241,200
3,284,700
3,273,900
3,383,700
3,399,200
3,358,200
3,404,600
3,421,000
4,222,000
4,285,700
4,334,900
4,040,800
3,654,400
3,564,400
3,904,600
3,739,100
3,690,800
3,770,600
3,943,200
4,138,500
5,180,600
5,425,000
6,093,000
6,166,500

6,166,500

6,093,000

5,425,000

5,180,600

4,138,500

3,943,200

3,770,600

3,690,800

3,739,100

3,904,600

3,564,400

3,654,400

4,040,800

4,334,900

4,285,700

4,222,000

3,421,000

3,404,600

3,358,200

3,399,200

3,383,700

3,273,900

3,284,700

3,241,200

3,243,600

3,122,700

3,152,500

3,127,000

3,100,300

3,033,800

3,134,400

3,069,100

3,030,800

2,945,700

2,915,800

2,416,900

2,390,700

2,444,100

2,424,200

2,507,900

2,571,500

2,532,000

2,494,000

2,577,800

2,792,000

2,723,400

2,678,000

2,731,700

2,743,400

2,758,100

2,709,400

2,880,400

2,874,400

2,936,600

3,223,900

3,465,900

4,345,100

4,411,400

4,365,600

4,471,500

4,484,100

4,414,600

4,450,300

4,834,700

4,633,400

4,555,000

4,621,500

4,618,500

4,536,800

4,342,400

4,346,400

4,202,000

4,094,900

3,790,200

3,602,500

3,579,000

3,533,800

3,373,300

3,407,100

3,373,100

3,404,300

3,210,800

3,157,500

3,274,300

3,327,600

3,387,500

3,396,500

3,422,800

3,496,500

3,546,500

3,354,800

3,488,500

3,513,200

3,501,400

3,351,500

3,400,400

3,475,200

3,452,600

3,241,400

3,238,400

2,930,500

2,878,200

2,802,400

2,600,400

2,458,700

2,434,000

2,360,500

2,277,500

2,256,600

2,192,000

2,122,300

2,155,400

2,111,900

1,995,700

1,983,700

1,982,500

1,937,400

1,933,200

1,908,000

1,949,600

1,973,600

1,876,500

1,856,900

1,860,400

1,855,700

1,904,500

1,895,300

1,947,300

2,034,000

2,069,700

1,984,800

2,056,600

2,170,600

2,092,000

1,896,300

1,874,900

1,002,200

> Total Current Assets

0
573,300
0
0
0
633,700
0
0
0
665,300
0
0
0
786,800
0
872,300
835,500
779,300
867,100
835,900
808,300
810,900
848,000
817,000
832,800
825,200
862,400
944,900
928,800
864,900
895,500
907,400
962,200
949,700
973,400
1,097,100
1,133,500
1,057,500
1,118,700
1,207,700
1,232,800
1,277,600
1,249,500
1,240,100
1,221,500
1,241,800
1,339,500
1,380,500
1,392,900
1,366,000
1,558,400
1,565,700
1,526,000
1,454,400
1,604,400
1,624,500
1,586,700
1,578,200
1,762,800
1,821,200
1,924,500
1,831,800
1,825,300
1,777,300
1,691,100
1,400,900
1,468,000
1,695,000
1,671,900
1,660,200
1,635,400
1,691,800
1,667,100
1,715,200
1,700,800
1,975,900
2,072,700
2,098,700
2,147,500
2,266,900
2,298,500
2,235,000
2,088,000
2,171,300
2,373,600
2,078,400
2,048,000
2,118,500
2,171,700
2,114,300
2,199,700
2,207,300
1,873,700
1,736,900
1,504,400
1,496,600
1,543,200
1,458,700
1,547,900
1,589,600
1,594,100
1,535,800
1,565,600
1,630,200
1,434,400
1,356,100
1,442,900
1,506,100
1,460,700
1,360,100
1,411,400
1,380,600
1,402,500
1,508,600
1,559,800
1,659,300
1,895,200
1,967,800
1,874,000
1,979,000
2,023,600
1,984,900
1,609,400
1,732,900
1,698,800
1,688,500
1,671,000
1,777,800
1,776,700
1,846,700
1,862,700
1,886,600
1,866,200
1,880,200
1,937,800
2,011,400
1,693,600
1,525,800
1,869,800
1,714,100
1,681,200
1,670,500
1,835,700
1,988,000
2,942,000
2,124,600
2,709,500
2,599,000

2,599,000

2,709,500

2,124,600

2,942,000

1,988,000

1,835,700

1,670,500

1,681,200

1,714,100

1,869,800

1,525,800

1,693,600

2,011,400

1,937,800

1,880,200

1,866,200

1,886,600

1,862,700

1,846,700

1,776,700

1,777,800

1,671,000

1,688,500

1,698,800

1,732,900

1,609,400

1,984,900

2,023,600

1,979,000

1,874,000

1,967,800

1,895,200

1,659,300

1,559,800

1,508,600

1,402,500

1,380,600

1,411,400

1,360,100

1,460,700

1,506,100

1,442,900

1,356,100

1,434,400

1,630,200

1,565,600

1,535,800

1,594,100

1,589,600

1,547,900

1,458,700

1,543,200

1,496,600

1,504,400

1,736,900

1,873,700

2,207,300

2,199,700

2,114,300

2,171,700

2,118,500

2,048,000

2,078,400

2,373,600

2,171,300

2,088,000

2,235,000

2,298,500

2,266,900

2,147,500

2,098,700

2,072,700

1,975,900

1,700,800

1,715,200

1,667,100

1,691,800

1,635,400

1,660,200

1,671,900

1,695,000

1,468,000

1,400,900

1,691,100

1,777,300

1,825,300

1,831,800

1,924,500

1,821,200

1,762,800

1,578,200

1,586,700

1,624,500

1,604,400

1,454,400

1,526,000

1,565,700

1,558,400

1,366,000

1,392,900

1,380,500

1,339,500

1,241,800

1,221,500

1,240,100

1,249,500

1,277,600

1,232,800

1,207,700

1,118,700

1,057,500

1,133,500

1,097,100

973,400

949,700

962,200

907,400

895,500

864,900

928,800

944,900

862,400

825,200

832,800

817,000

848,000

810,900

808,300

835,900

867,100

779,300

835,500

872,300

786,800

665,300

633,700

573,300

Cash And Cash Equivalents

0
104,600
0
0
0
12,200
0
0
0
3,100
0
0
0
31,600
0
32,700
21,900
21,700
18,100
25,900
44,300
84,600
88,100
50,900
74,300
102,100
71,000
158,500
175,400
195,500
126,300
161,600
206,400
248,800
129,500
227,500
200,700
185,200
114,000
204,200
253,500
344,300
124,000
137,400
76,000
238,500
123,900
110,800
81,800
85,600
82,700
71,000
91,100
126,100
81,200
108,200
122,900
100,800
123,800
134,900
129,900
125,200
72,300
155,800
156,400
108,500
143,600
334,500
368,100
351,400
280,000
254,100
353,900
345,900
173,800
438,200
493,100
499,800
439,700
508,600
535,900
487,700
217,000
310,600
559,500
283,400
204,000
278,800
327,800
331,400
267,300
392,800
342,900
317,500
359,100
461,200
624,100
526,600
552,400
619,600
676,500
551,400
424,000
527,000
384,500
338,200
307,100
366,000
310,300
284,300
242,000
327,500
326,100
356,500
226,000
334,200
596,000
552,700
368,200
582,900
621,900
657,300
282,200
492,800
437,200
422,400
273,300
437,200
391,100
448,800
284,000
435,900
302,400
294,400
161,500
656,100
366,200
320,300
502,900
541,500
650,400
519,600
471,900
590,200
1,486,400
354,500
680,100
566,700

566,700

680,100

354,500

1,486,400

590,200

471,900

519,600

650,400

541,500

502,900

320,300

366,200

656,100

161,500

294,400

302,400

435,900

284,000

448,800

391,100

437,200

273,300

422,400

437,200

492,800

282,200

657,300

621,900

582,900

368,200

552,700

596,000

334,200

226,000

356,500

326,100

327,500

242,000

284,300

310,300

366,000

307,100

338,200

384,500

527,000

424,000

551,400

676,500

619,600

552,400

526,600

624,100

461,200

359,100

317,500

342,900

392,800

267,300

331,400

327,800

278,800

204,000

283,400

559,500

310,600

217,000

487,700

535,900

508,600

439,700

499,800

493,100

438,200

173,800

345,900

353,900

254,100

280,000

351,400

368,100

334,500

143,600

108,500

156,400

155,800

72,300

125,200

129,900

134,900

123,800

100,800

122,900

108,200

81,200

126,100

91,100

71,000

82,700

85,600

81,800

110,800

123,900

238,500

76,000

137,400

124,000

344,300

253,500

204,200

114,000

185,200

200,700

227,500

129,500

248,800

206,400

161,600

126,300

195,500

175,400

158,500

71,000

102,100

74,300

50,900

88,100

84,600

44,300

25,900

18,100

21,700

21,900

32,700

31,600

3,100

12,200

104,600

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
103,000
0
0
70,000
62,000
57,000
0
0
800
0
84,700
76,800
78,800
74,100
76,700
63,900
96,400
97,500
92,300
34,700
2,700
22,300
12,700
800
800
800
83,200
57,800
25,800
32,500
11,500
800
500
800
35,800
700
800
800
800
800
800
9,500
800
800
800
800
800
800
800
800
56,700
7,300
800
800
800
6,800
37,000

37,000

6,800

800

7,300

56,700

800

9,500

800

700

35,800

800

500

800

11,500

32,500

25,800

57,800

83,200

800

12,700

22,300

2,700

34,700

92,300

97,500

96,400

63,900

76,700

74,100

78,800

76,800

84,700

800

57,000

62,000

70,000

103,000

Net Receivables

0
143,500
0
0
0
181,800
0
0
0
206,500
0
0
0
184,900
0
228,500
227,900
184,000
251,300
218,300
212,000
173,600
211,800
205,600
193,600
181,400
241,000
221,400
203,300
160,100
229,200
214,200
218,700
168,900
271,100
276,000
249,700
218,900
329,100
325,300
299,100
257,700
391,800
408,100
402,000
326,900
459,300
509,400
481,100
457,400
570,100
610,400
502,900
420,800
589,400
595,200
518,100
515,700
638,800
510,400
404,100
477,300
450,700
446,500
407,400
361,900
435,400
484,700
418,800
407,300
441,700
496,700
348,100
374,400
455,300
459,500
432,000
463,200
505,100
514,500
488,100
522,400
578,000
542,500
473,300
492,300
565,500
575,400
510,900
572,400
648,800
604,800
518,300
444,800
381,900
405,500
368,200
332,400
440,100
447,800
367,400
327,300
469,200
447,200
389,000
346,200
454,400
447,700
411,100
349,200
471,700
423,400
392,600
364,600
476,400
451,400
401,300
386,500
473,700
446,800
400,700
398,100
526,300
482,100
454,600
417,300
529,500
524,600
476,400
480,200
617,500
578,100
392,500
550,700
499,200
484,500
414,700
331,800
465,400
452,600
398,800
337,600
539,100
503,300
451,100
485,300
664,700
611,000

611,000

664,700

485,300

451,100

503,300

539,100

337,600

398,800

452,600

465,400

331,800

414,700

484,500

499,200

550,700

392,500

578,100

617,500

480,200

476,400

524,600

529,500

417,300

454,600

482,100

526,300

398,100

400,700

446,800

473,700

386,500

401,300

451,400

476,400

364,600

392,600

423,400

471,700

349,200

411,100

447,700

454,400

346,200

389,000

447,200

469,200

327,300

367,400

447,800

440,100

332,400

368,200

405,500

381,900

444,800

518,300

604,800

648,800

572,400

510,900

575,400

565,500

492,300

473,300

542,500

578,000

522,400

488,100

514,500

505,100

463,200

432,000

459,500

455,300

374,400

348,100

496,700

441,700

407,300

418,800

484,700

435,400

361,900

407,400

446,500

450,700

477,300

404,100

510,400

638,800

515,700

518,100

595,200

589,400

420,800

502,900

610,400

570,100

457,400

481,100

509,400

459,300

326,900

402,000

408,100

391,800

257,700

299,100

325,300

329,100

218,900

249,700

276,000

271,100

168,900

218,700

214,200

229,200

160,100

203,300

221,400

241,000

181,400

193,600

205,600

211,800

173,600

212,000

218,300

251,300

184,000

227,900

228,500

184,900

206,500

181,800

143,500

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
316,600
633,200
898,600
718,600
733,300
663,100
629,600
346,400
349,800
348,800
371,300
354,600
346,000
356,100
367,000
371,100
348,900
365,000
370,800
348,900
335,700
357,900
348,300
350,300
338,200
444,300
459,100
440,800
333,300
331,700
325,900
303,800
299,400
287,400
114,400
162,900
62,100
49,900
47,700
114,800
50,800
46,600
31,800
44,900
28,600
29,100
29,000
42,400
39,400
41,100
41,100
26,700
26,500
47,000
25,300
31,400
30,000
33,400
70,500
69,500
71,900
31,600
35,300
39,800
50,000
38,000
38,500
39,700
38,700
35,200
49,100
141,900
121,300
47,100
76,900
81,600
91,600
56,600
90,100
26,400
49,000
30,700
41,800
44,800
51,800
58,600
63,200
76,000
12,200
11,900

11,900

12,200

76,000

63,200

58,600

51,800

44,800

41,800

30,700

49,000

26,400

90,100

56,600

91,600

81,600

76,900

47,100

121,300

141,900

49,100

35,200

38,700

39,700

38,500

38,000

50,000

39,800

35,300

31,600

71,900

69,500

70,500

33,400

30,000

31,400

25,300

47,000

26,500

26,700

41,100

39,400

42,400

29,000

29,100

28,600

44,900

31,800

46,600

50,800

114,800

47,700

49,900

62,100

162,900

114,400

287,400

299,400

303,800

325,900

331,700

333,300

440,800

459,100

444,300

338,200

350,300

348,300

357,900

335,700

348,900

370,800

365,000

348,900

371,100

367,000

356,100

346,000

354,600

371,300

348,800

349,800

346,400

629,600

663,100

733,300

718,600

898,600

633,200

316,600

> Long-term Assets

0
428,900
0
0
0
1,241,200
0
0
0
1,231,000
0
0
0
1,305,200
0
1,298,300
1,221,100
1,205,500
1,202,600
1,198,100
1,139,000
1,084,400
1,056,500
1,038,700
1,027,600
1,031,700
1,014,100
1,028,700
1,020,800
1,043,100
1,037,700
1,030,000
1,020,300
1,034,000
1,022,300
1,014,800
1,021,900
1,064,800
1,073,300
1,048,900
1,044,700
1,082,900
1,184,500
1,218,600
1,378,900
1,560,600
1,538,700
1,550,000
1,845,500
1,875,400
1,894,200
1,909,500
1,874,400
1,897,100
1,897,000
1,888,700
1,901,800
1,776,600
1,783,700
1,675,300
1,498,300
1,564,700
1,562,200
1,550,300
1,583,200
1,756,600
1,742,800
1,709,300
1,701,200
1,746,900
1,737,900
1,842,000
1,911,900
1,887,300
2,089,400
2,119,000
2,129,300
2,247,700
2,194,900
2,269,900
2,320,000
2,386,500
2,467,000
2,462,100
2,461,100
2,371,900
2,366,600
2,365,600
2,299,800
2,251,300
2,211,700
2,137,800
1,592,200
1,487,000
1,432,200
1,377,800
1,337,200
1,250,700
1,210,200
1,153,800
1,137,600
1,142,200
1,157,800
1,161,800
1,143,400
1,137,900
1,089,100
1,065,400
1,047,200
1,064,100
1,032,700
1,010,100
1,014,400
1,407,200
1,385,900
1,371,500
1,173,900
1,166,600
1,159,800
1,121,300
1,103,400
1,167,600
1,513,300
1,510,700
1,542,400
1,596,200
1,602,900
1,605,900
1,622,500
1,511,500
1,541,900
1,534,400
2,355,800
2,405,500
2,397,100
2,029,400
1,960,800
2,038,600
2,034,800
2,025,000
2,009,600
2,100,100
2,107,500
2,150,500
2,238,600
3,300,400
2,206,200
2,284,500

2,284,500

2,206,200

3,300,400

2,238,600

2,150,500

2,107,500

2,100,100

2,009,600

2,025,000

2,034,800

2,038,600

1,960,800

2,029,400

2,397,100

2,405,500

2,355,800

1,534,400

1,541,900

1,511,500

1,622,500

1,605,900

1,602,900

1,596,200

1,542,400

1,510,700

1,513,300

1,167,600

1,103,400

1,121,300

1,159,800

1,166,600

1,173,900

1,371,500

1,385,900

1,407,200

1,014,400

1,010,100

1,032,700

1,064,100

1,047,200

1,065,400

1,089,100

1,137,900

1,143,400

1,161,800

1,157,800

1,142,200

1,137,600

1,153,800

1,210,200

1,250,700

1,337,200

1,377,800

1,432,200

1,487,000

1,592,200

2,137,800

2,211,700

2,251,300

2,299,800

2,365,600

2,366,600

2,371,900

2,461,100

2,462,100

2,467,000

2,386,500

2,320,000

2,269,900

2,194,900

2,247,700

2,129,300

2,119,000

2,089,400

1,887,300

1,911,900

1,842,000

1,737,900

1,746,900

1,701,200

1,709,300

1,742,800

1,756,600

1,583,200

1,550,300

1,562,200

1,564,700

1,498,300

1,675,300

1,783,700

1,776,600

1,901,800

1,888,700

1,897,000

1,897,100

1,874,400

1,909,500

1,894,200

1,875,400

1,845,500

1,550,000

1,538,700

1,560,600

1,378,900

1,218,600

1,184,500

1,082,900

1,044,700

1,048,900

1,073,300

1,064,800

1,021,900

1,014,800

1,022,300

1,034,000

1,020,300

1,030,000

1,037,700

1,043,100

1,020,800

1,028,700

1,014,100

1,031,700

1,027,600

1,038,700

1,056,500

1,084,400

1,139,000

1,198,100

1,202,600

1,205,500

1,221,100

1,298,300

1,305,200

1,231,000

1,241,200

428,900

Property Plant Equipment

0
322,700
0
0
0
463,100
0
0
0
531,900
0
0
0
630,500
0
651,700
635,000
637,300
627,000
614,500
602,000
578,600
563,700
556,200
555,500
564,000
555,800
552,900
554,100
535,000
535,400
529,300
529,800
544,300
542,300
541,500
544,400
565,400
570,400
572,600
578,500
598,900
601,700
610,900
653,500
685,400
727,500
738,700
769,900
783,000
802,700
808,300
796,000
845,100
840,400
836,100
842,000
881,800
874,700
824,100
769,900
803,200
798,900
786,600
786,200
805,600
787,500
784,400
776,700
792,700
777,800
787,400
797,500
827,100
847,800
846,800
852,400
876,400
871,400
892,900
934,200
970,200
999,400
989,000
993,200
1,014,900
1,016,900
1,020,900
1,049,500
1,052,800
1,034,400
1,001,900
970,300
917,600
875,800
836,600
798,400
724,300
696,100
653,700
637,500
630,200
615,900
603,900
581,000
585,500
579,800
576,900
565,100
581,400
578,100
593,400
602,400
617,800
617,800
631,300
441,200
460,300
463,900
476,900
489,600
505,200
550,400
572,600
596,700
645,300
653,000
682,200
706,400
659,500
673,100
716,100
730,600
805,300
811,200
747,000
763,700
879,600
810,600
815,400
901,100
946,600
953,100
997,900
1,044,600
1,139,700
92,400
103,000

103,000

92,400

1,139,700

1,044,600

997,900

953,100

946,600

901,100

815,400

810,600

879,600

763,700

747,000

811,200

805,300

730,600

716,100

673,100

659,500

706,400

682,200

653,000

645,300

596,700

572,600

550,400

505,200

489,600

476,900

463,900

460,300

441,200

631,300

617,800

602,400

593,400

578,100

581,400

565,100

576,900

579,800

585,500

581,000

603,900

615,900

630,200

637,500

653,700

696,100

724,300

798,400

836,600

875,800

917,600

970,300

1,001,900

1,034,400

1,052,800

1,049,500

1,020,900

1,016,900

1,014,900

993,200

989,000

999,400

970,200

934,200

892,900

871,400

876,400

852,400

846,800

847,800

827,100

797,500

787,400

777,800

792,700

776,700

784,400

787,500

805,600

786,200

786,600

798,900

803,200

769,900

824,100

874,700

881,800

842,000

836,100

840,400

845,100

796,000

808,300

802,700

783,000

769,900

738,700

727,500

685,400

653,500

610,900

601,700

598,900

578,500

572,600

570,400

565,400

544,400

541,500

542,300

544,300

529,800

529,300

535,400

535,000

554,100

552,900

555,800

564,000

555,500

556,200

563,700

578,600

602,000

614,500

627,000

637,300

635,000

651,700

630,500

531,900

463,100

322,700

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
391,800
411,900
413,500
0
474,400
473,900
431,100
432,900
452,800
463,000
486,300
500,000
515,100
573,800
593,400
601,200
624,800
623,800
641,500
648,900
661,800
692,000
648,200
659,400
663,600
664,800
670,100
679,200
678,900
678,400
677,300
294,800
290,900
287,800
291,100
292,600
292,500
290,600
288,900
291,100
290,900
292,500
293,100
291,000
290,300
291,200
290,100
291,400
291,700
290,500
290,300
291,500
291,700
291,700
297,400
299,000
296,900
296,000
296,300
298,500
298,700
380,300
393,100
413,000
413,800
416,000
417,600
426,300
425,300
428,300
424,000
377,700
767,100
381,800
410,700
414,000
415,000
414,000
415,400
416,300
417,700
422,700
434,300
443,800
888,400
889,400
966,700

966,700

889,400

888,400

443,800

434,300

422,700

417,700

416,300

415,400

414,000

415,000

414,000

410,700

381,800

767,100

377,700

424,000

428,300

425,300

426,300

417,600

416,000

413,800

413,000

393,100

380,300

298,700

298,500

296,300

296,000

296,900

299,000

297,400

291,700

291,500

290,300

290,500

291,700

291,400

290,100

291,200

290,300

291,000

293,100

292,500

290,900

291,100

288,900

290,600

292,500

292,600

291,100

287,800

290,900

294,800

677,300

678,400

678,900

679,200

670,100

664,800

663,600

659,400

648,200

692,000

661,800

648,900

641,500

623,800

624,800

601,200

593,400

573,800

515,100

500,000

486,300

463,000

452,800

432,900

431,100

473,900

474,400

413,500

411,900

391,800

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
19,000
0
0
0
25,500
0
0
0
21,400
0
0
0
25,700
29,500
30,000
26,400
34,600
38,500
32,700
27,800
29,500
31,300
29,400
25,500
32,500
36,300
41,400
41,300
43,800
48,100
48,000

48,000

48,100

43,800

41,300

41,400

36,300

32,500

25,500

29,400

31,300

29,500

27,800

32,700

38,500

34,600

26,400

30,000

29,500

25,700

21,400

25,500

19,000

Intangible Assets

0
66,600
0
0
0
729,400
0
0
0
289,200
0
0
0
286,300
0
274,200
230,200
148,700
218,700
216,500
207,400
125,900
193,200
191,000
187,100
186,500
186,200
202,800
198,700
209,200
209,200
206,800
117,500
224,400
116,800
219,300
233,200
253,800
261,400
260,800
258,800
281,400
383,500
408,600
550,100
352,400
438,800
563,500
706,900
842,200
846,800
837,200
828,600
820,500
811,300
801,800
799,500
658,400
650,100
571,900
470,800
507,900
115,300
114,700
565,500
128,900
124,800
555,300
554,900
117,500
577,900
653,400
687,500
699,700
857,300
892,200
894,800
952,800
952,400
1,005,500
1,026,100
1,023,100
374,000
347,100
345,800
322,600
319,200
318,700
249,700
245,600
242,600
213,100
89,900
86,600
83,400
81,500
78,500
75,600
72,600
61,500
59,600
56,700
54,800
52,900
51,100
49,200
47,900
46,500
41,000
38,100
37,400
36,700
36,100
35,400
34,900
47,000
46,800
45,500
44,200
45,100
49,900
55,100
136,800
135,000
164,100
164,800
163,300
161,700
165,500
144,400
143,300
144,100
594,000
646,400
578,100
599,400
591,000
583,500
575,000
567,100
559,600
552,300
544,300
536,300
549,200
1,052,100
1,038,400
1,038,200

1,038,200

1,038,400

1,052,100

549,200

536,300

544,300

552,300

559,600

567,100

575,000

583,500

591,000

599,400

578,100

646,400

594,000

144,100

143,300

144,400

165,500

161,700

163,300

164,800

164,100

135,000

136,800

55,100

49,900

45,100

44,200

45,500

46,800

47,000

34,900

35,400

36,100

36,700

37,400

38,100

41,000

46,500

47,900

49,200

51,100

52,900

54,800

56,700

59,600

61,500

72,600

75,600

78,500

81,500

83,400

86,600

89,900

213,100

242,600

245,600

249,700

318,700

319,200

322,600

345,800

347,100

374,000

1,023,100

1,026,100

1,005,500

952,400

952,800

894,800

892,200

857,300

699,700

687,500

653,400

577,900

117,500

554,900

555,300

124,800

128,900

565,500

114,700

115,300

507,900

470,800

571,900

650,100

658,400

799,500

801,800

811,300

820,500

828,600

837,200

846,800

842,200

706,900

563,500

438,800

352,400

550,100

408,600

383,500

281,400

258,800

260,800

261,400

253,800

233,200

219,300

116,800

224,400

117,500

206,800

209,200

198,700

202,800

186,200

186,500

187,100

191,000

193,200

125,900

207,400

216,500

218,700

148,700

230,200

274,200

286,300

289,200

729,400

66,600

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
909,000
851,200
728,400
761,500
763,300
763,700
797,000
951,000
955,300
924,900
924,500
954,200
960,100
1,054,600
1,114,400
1,060,200
1,241,600
1,272,200
1,276,900
1,371,300
1,323,500
1,377,000
1,385,800
1,416,300
1,466,900
1,473,100
1,467,900
1,357,000
1,349,700
1,344,700
1,250,300
1,198,500
1,177,300
1,135,900
621,900
569,400
556,400
541,200
538,800
526,400
514,100
500,100
500,100
512,000
541,900
557,900
562,400
552,400
509,300
488,500
482,100
482,700
454,600
416,700
412,000
789,400
768,100
744,300
732,700
706,300
695,900
644,400
613,800
662,400
962,900
938,100
945,700
950,900
949,900
923,700
916,100
852,000
868,800
220,200
149,000
152,100
171,400
157,000
79,700
131,000
121,600
115,800
107,100
1,110,000
151,100
2,200,000
2,291,000
1,144,000
5,589,700
5,852,000

5,852,000

5,589,700

1,144,000

2,291,000

2,200,000

151,100

1,110,000

107,100

115,800

121,600

131,000

79,700

157,000

171,400

152,100

149,000

220,200

868,800

852,000

916,100

923,700

949,900

950,900

945,700

938,100

962,900

662,400

613,800

644,400

695,900

706,300

732,700

744,300

768,100

789,400

412,000

416,700

454,600

482,700

482,100

488,500

509,300

552,400

562,400

557,900

541,900

512,000

500,100

514,100

526,400

538,800

541,200

556,400

569,400

621,900

1,135,900

1,177,300

1,198,500

1,250,300

1,344,700

1,349,700

1,357,000

1,467,900

1,473,100

1,466,900

1,416,300

1,385,800

1,377,000

1,323,500

1,371,300

1,276,900

1,272,200

1,241,600

1,060,200

1,114,400

1,054,600

960,100

954,200

924,500

924,900

955,300

951,000

797,000

763,700

763,300

761,500

728,400

851,200

909,000

> Total Liabilities

0
479,000
0
0
0
1,184,100
0
0
0
1,047,400
0
0
0
1,142,200
0
1,264,200
1,274,100
1,208,700
1,285,800
1,237,100
1,101,500
1,071,300
1,098,800
1,060,200
1,063,500
1,078,200
1,095,600
1,075,200
1,046,400
1,085,500
1,110,000
1,100,700
1,142,300
1,179,300
1,171,500
1,239,400
1,259,800
1,211,600
1,245,200
1,282,800
1,282,800
1,317,400
1,350,800
1,315,300
1,426,100
1,604,700
1,634,000
1,605,000
1,940,500
1,926,400
2,096,300
2,057,000
1,997,800
2,040,200
2,141,500
2,451,700
2,054,400
2,054,600
2,253,000
2,352,800
2,382,500
2,329,400
2,287,500
2,186,300
2,137,600
2,046,600
2,046,700
2,192,200
2,136,600
2,305,300
2,267,500
2,357,200
2,346,100
2,279,500
2,336,900
2,512,400
2,526,700
2,634,100
2,549,400
2,626,000
2,624,700
2,642,700
2,560,000
2,589,900
2,796,100
2,578,500
2,516,700
2,564,100
2,568,100
2,472,700
2,494,400
2,419,900
2,287,300
2,494,000
2,389,300
2,453,600
2,544,600
2,499,100
2,566,400
2,542,500
2,514,600
2,607,600
2,600,000
2,581,600
2,388,400
2,463,100
2,449,600
2,413,100
2,322,100
2,346,500
2,313,500
2,177,200
2,127,600
1,877,400
1,852,400
1,844,100
1,789,900
1,962,900
1,836,600
1,836,800
1,837,900
1,871,200
1,817,400
1,855,400
1,806,500
1,844,600
1,800,300
1,835,900
1,829,100
1,875,300
1,923,800
1,920,000
2,663,900
2,703,100
2,808,000
2,503,500
2,236,200
2,263,500
2,600,900
2,374,700
2,232,600
2,260,600
2,300,600
2,369,000
3,330,900
3,510,800
3,232,700
4,161,900

4,161,900

3,232,700

3,510,800

3,330,900

2,369,000

2,300,600

2,260,600

2,232,600

2,374,700

2,600,900

2,263,500

2,236,200

2,503,500

2,808,000

2,703,100

2,663,900

1,920,000

1,923,800

1,875,300

1,829,100

1,835,900

1,800,300

1,844,600

1,806,500

1,855,400

1,817,400

1,871,200

1,837,900

1,836,800

1,836,600

1,962,900

1,789,900

1,844,100

1,852,400

1,877,400

2,127,600

2,177,200

2,313,500

2,346,500

2,322,100

2,413,100

2,449,600

2,463,100

2,388,400

2,581,600

2,600,000

2,607,600

2,514,600

2,542,500

2,566,400

2,499,100

2,544,600

2,453,600

2,389,300

2,494,000

2,287,300

2,419,900

2,494,400

2,472,700

2,568,100

2,564,100

2,516,700

2,578,500

2,796,100

2,589,900

2,560,000

2,642,700

2,624,700

2,626,000

2,549,400

2,634,100

2,526,700

2,512,400

2,336,900

2,279,500

2,346,100

2,357,200

2,267,500

2,305,300

2,136,600

2,192,200

2,046,700

2,046,600

2,137,600

2,186,300

2,287,500

2,329,400

2,382,500

2,352,800

2,253,000

2,054,600

2,054,400

2,451,700

2,141,500

2,040,200

1,997,800

2,057,000

2,096,300

1,926,400

1,940,500

1,605,000

1,634,000

1,604,700

1,426,100

1,315,300

1,350,800

1,317,400

1,282,800

1,245,200

1,211,600

1,259,800

1,239,400

1,171,500

1,179,300

1,142,300

1,100,700

1,110,000

1,085,500

1,046,400

1,075,200

1,095,600

1,078,200

1,063,500

1,060,200

1,098,800

1,071,300

1,101,500

1,237,100

1,285,800

1,208,700

1,274,100

1,264,200

1,142,200

1,047,400

1,184,100

479,000

> Total Current Liabilities

0
296,000
0
0
0
418,800
0
0
0
505,500
0
0
0
553,900
0
538,600
554,600
563,100
587,900
587,700
545,400
531,400
517,900
554,000
556,800
539,300
561,100
551,100
525,700
502,900
517,000
610,500
528,600
601,900
576,200
639,800
649,800
621,300
648,800
669,400
649,800
680,400
713,400
683,100
792,500
831,100
867,300
837,900
973,500
948,200
1,119,400
1,075,700
1,008,600
1,036,400
1,134,000
1,083,600
1,048,400
1,088,400
1,282,600
1,381,400
1,420,000
1,247,900
1,212,500
1,107,900
1,032,300
902,700
886,600
1,004,700
952,000
1,005,600
962,200
1,081,800
1,072,500
1,101,800
1,141,300
1,175,500
1,192,800
1,253,800
1,172,200
1,249,300
1,256,300
1,305,200
1,220,000
1,259,100
1,465,200
1,293,200
1,247,400
1,284,500
1,319,700
1,296,200
1,321,100
1,259,200
1,138,800
1,001,200
894,300
957,500
872,500
906,600
920,100
931,600
902,500
951,600
957,600
967,900
902,600
908,100
890,900
898,000
908,000
937,200
900,700
877,000
858,100
883,100
867,500
883,800
863,500
900,100
845,300
863,200
863,400
908,100
896,200
930,600
917,700
964,900
956,500
985,800
980,100
1,035,100
1,076,400
1,110,800
1,484,600
1,256,500
1,205,700
1,015,700
904,000
944,400
1,286,200
1,054,600
949,600
1,079,200
1,129,000
1,251,300
1,256,300
1,442,200
662,300
647,000

647,000

662,300

1,442,200

1,256,300

1,251,300

1,129,000

1,079,200

949,600

1,054,600

1,286,200

944,400

904,000

1,015,700

1,205,700

1,256,500

1,484,600

1,110,800

1,076,400

1,035,100

980,100

985,800

956,500

964,900

917,700

930,600

896,200

908,100

863,400

863,200

845,300

900,100

863,500

883,800

867,500

883,100

858,100

877,000

900,700

937,200

908,000

898,000

890,900

908,100

902,600

967,900

957,600

951,600

902,500

931,600

920,100

906,600

872,500

957,500

894,300

1,001,200

1,138,800

1,259,200

1,321,100

1,296,200

1,319,700

1,284,500

1,247,400

1,293,200

1,465,200

1,259,100

1,220,000

1,305,200

1,256,300

1,249,300

1,172,200

1,253,800

1,192,800

1,175,500

1,141,300

1,101,800

1,072,500

1,081,800

962,200

1,005,600

952,000

1,004,700

886,600

902,700

1,032,300

1,107,900

1,212,500

1,247,900

1,420,000

1,381,400

1,282,600

1,088,400

1,048,400

1,083,600

1,134,000

1,036,400

1,008,600

1,075,700

1,119,400

948,200

973,500

837,900

867,300

831,100

792,500

683,100

713,400

680,400

649,800

669,400

648,800

621,300

649,800

639,800

576,200

601,900

528,600

610,500

517,000

502,900

525,700

551,100

561,100

539,300

556,800

554,000

517,900

531,400

545,400

587,700

587,900

563,100

554,600

538,600

553,900

505,500

418,800

296,000

Short-term Debt

0
13,500
0
0
0
5,700
0
0
0
2,400
0
0
0
7,400
0
9,600
11,700
10,800
11,200
5,700
5,800
5,800
8,800
6,500
5,800
6,300
5,800
6,000
6,200
16,000
5,400
104,800
15,200
11,900
12,500
15,200
12,500
8,200
7,700
5,700
5,700
6,100
6,100
6,300
98,200
112,600
115,300
67,700
108,000
109,300
296,200
225,600
160,200
170,100
274,700
188,100
166,500
107,700
298,200
274,500
251,500
172,700
144,800
80,400
40,100
40,000
40,800
45,800
29,600
28,900
30,700
43,600
30,500
23,800
48,800
13,400
13,500
10,700
6,100
3,100
5,800
1,100
1,000
1,000
249,700
700
600
400
0
800
0
0
0
3,200
2,000
82,000
11,000
11,500
0
0
0
2,200
1,800
1,700
2,100
2,400
7,300
7,100
0
8,200
6,800
6,000
4,600
6,400
5,700
5,000
4,300
5,500
5,000
4,500
4,000
6,000
4,800
4,700
4,200
5,900
6,400
5,800
4,200
5,600
5,100
4,700
338,800
41,300
40,900
40,300
48,500
41,300
425,700
225,300
48,400
62,300
43,800
43,500
43,200
63,200
2,300
3,000

3,000

2,300

63,200

43,200

43,500

43,800

62,300

48,400

225,300

425,700

41,300

48,500

40,300

40,900

41,300

338,800

4,700

5,100

5,600

4,200

5,800

6,400

5,900

4,200

4,700

4,800

6,000

4,000

4,500

5,000

5,500

4,300

5,000

5,700

6,400

4,600

6,000

6,800

8,200

7,100

7,300

2,400

2,100

1,700

1,800

2,200

11,500

11,000

82,000

2,000

3,200

800

400

600

700

249,700

1,000

1,100

5,800

3,100

6,100

10,700

13,500

13,400

48,800

23,800

30,500

43,600

30,700

28,900

29,600

45,800

40,800

40,000

40,100

80,400

144,800

172,700

251,500

274,500

298,200

107,700

166,500

188,100

274,700

170,100

160,200

225,600

296,200

109,300

108,000

67,700

115,300

112,600

98,200

6,300

6,100

5,700

7,700

8,200

12,500

15,200

12,500

11,900

15,200

104,800

5,400

16,000

6,200

6,000

5,800

6,300

5,800

6,500

8,800

5,800

5,700

11,200

10,800

11,700

9,600

7,400

2,400

5,700

13,500

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,800
0
0
0
7,400
4,800
4,700
4,200
7,300
6,400
445,700
6,500
7,400
7,700
6,800
100
100
40,900
40,300
48,500
41,300
425,700
225,300
48,400
43,100
43,800
43,500
43,200
37,400
2,300
3,000

3,000

2,300

37,400

43,200

43,500

43,800

43,100

48,400

225,300

425,700

41,300

48,500

40,300

40,900

100

6,800

7,700

7,400

6,500

445,700

6,400

7,300

4,200

4,700

4,800

7,400

6,800

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
321,200
267,700
226,700
238,600
248,800
198,500
202,200
214,500
214,500
264,000
253,000
291,200
281,000
308,600
317,800
321,300
334,100
351,000
341,000
387,900
389,900
432,800
447,500
472,200
439,700
406,500
403,300
448,600
435,400
414,600
461,700
437,300
488,000
421,600
346,800
301,300
238,200
222,700
232,600
261,200
320,600
313,600
274,900
288,200
955,800
966,200
900,500
282,000
340,900
321,600
337,200
910,600
883,500
854,000
853,500
876,700
861,800
878,800
841,100
878,900
824,800
858,700
859,400
902,100
891,400
925,900
913,500
959,000
950,100
980,000
975,900
973,300
1,003,300
1,106,100
1,145,800
1,215,200
1,164,800
975,400
855,500
393,500
860,500
829,300
901,200
457,600
532,400
588,200
589,800
693,500
660,000
644,000

644,000

660,000

693,500

589,800

588,200

532,400

457,600

901,200

829,300

860,500

393,500

855,500

975,400

1,164,800

1,215,200

1,145,800

1,106,100

1,003,300

973,300

975,900

980,000

950,100

959,000

913,500

925,900

891,400

902,100

859,400

858,700

824,800

878,900

841,100

878,800

861,800

876,700

853,500

854,000

883,500

910,600

337,200

321,600

340,900

282,000

900,500

966,200

955,800

288,200

274,900

313,600

320,600

261,200

232,600

222,700

238,200

301,300

346,800

421,600

488,000

437,300

461,700

414,600

435,400

448,600

403,300

406,500

439,700

472,200

447,500

432,800

389,900

387,900

341,000

351,000

334,100

321,300

317,800

308,600

281,000

291,200

253,000

264,000

214,500

202,200

198,500

248,800

238,600

226,700

267,700

321,200

Other Current 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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
630,900
820,000
918,000
836,600
818,900
829,000
781,300
648,200
631,300
684,500
653,800
685,500
650,500
729,600
724,200
756,700
758,400
811,100
838,300
855,200
776,200
813,400
803,000
831,900
779,200
851,600
812,200
843,900
811,400
869,500
857,800
858,100
832,200
836,800
791,700
696,700
653,700
652,400
628,400
628,900
589,300
613,200
623,300
661,200
616,500
641,500
598,500
623,700
542,700
569,300
564,000
18,400
10,400
17,000
525,400
561,100
478,400
519,800
18,100
15,700
15,500
520,500
518,400
563,000
529,400
559,600
549,500
566,300
543,300
586,200
578,600
56,200
68,000
138,700
138,800
277,100
139,200
124,500
118,400
166,900
119,600
116,900
508,300
511,100
552,800
619,600
623,300
624,100
665,900
138,800

138,800

665,900

624,100

623,300

619,600

552,800

511,100

508,300

116,900

119,600

166,900

118,400

124,500

139,200

277,100

138,800

138,700

68,000

56,200

578,600

586,200

543,300

566,300

549,500

559,600

529,400

563,000

518,400

520,500

15,500

15,700

18,100

519,800

478,400

561,100

525,400

17,000

10,400

18,400

564,000

569,300

542,700

623,700

598,500

641,500

616,500

661,200

623,300

613,200

589,300

628,900

628,400

652,400

653,700

696,700

791,700

836,800

832,200

858,100

857,800

869,500

811,400

843,900

812,200

851,600

779,200

831,900

803,000

813,400

776,200

855,200

838,300

811,100

758,400

756,700

724,200

729,600

650,500

685,500

653,800

684,500

631,300

648,200

781,300

829,000

818,900

836,600

918,000

820,000

630,900

> Long-term Liabilities

0
183,000
0
0
0
765,300
0
0
0
541,900
0
0
0
588,300
0
725,600
719,500
645,600
697,900
649,400
556,100
539,900
580,900
506,200
506,700
538,900
534,500
524,100
520,700
582,600
593,000
490,200
613,700
577,400
595,300
599,600
610,000
590,300
596,400
613,400
633,000
637,000
637,400
632,200
633,600
773,600
766,700
767,100
967,000
978,200
976,900
981,300
989,200
1,003,800
1,007,500
1,368,100
1,006,000
966,200
970,400
971,400
962,500
1,081,500
1,075,000
1,078,400
1,105,300
1,143,900
1,160,100
1,187,500
1,184,600
1,299,700
1,305,300
1,275,400
1,273,600
1,177,700
1,195,600
1,336,900
1,333,900
1,380,300
1,377,200
1,376,700
1,368,400
1,337,500
1,340,000
1,330,800
1,330,900
1,285,300
1,269,300
1,279,600
1,248,400
1,176,500
1,173,300
1,160,700
1,148,500
1,492,800
1,495,000
1,496,100
1,672,100
1,592,500
1,646,300
1,610,900
1,612,100
1,656,000
1,642,400
1,613,700
1,485,800
1,555,000
1,558,700
1,515,100
1,414,100
1,409,300
1,412,800
1,300,200
1,269,500
994,300
984,900
960,300
926,400
1,062,800
991,300
973,600
974,500
963,100
921,200
924,800
888,800
879,700
843,800
850,100
849,000
840,200
847,400
809,200
1,179,300
1,446,600
1,602,300
1,487,800
1,332,200
1,319,100
1,314,700
1,320,100
1,283,000
1,181,400
1,171,600
1,117,700
2,074,600
2,068,600
2,570,400
3,514,900

3,514,900

2,570,400

2,068,600

2,074,600

1,117,700

1,171,600

1,181,400

1,283,000

1,320,100

1,314,700

1,319,100

1,332,200

1,487,800

1,602,300

1,446,600

1,179,300

809,200

847,400

840,200

849,000

850,100

843,800

879,700

888,800

924,800

921,200

963,100

974,500

973,600

991,300

1,062,800

926,400

960,300

984,900

994,300

1,269,500

1,300,200

1,412,800

1,409,300

1,414,100

1,515,100

1,558,700

1,555,000

1,485,800

1,613,700

1,642,400

1,656,000

1,612,100

1,610,900

1,646,300

1,592,500

1,672,100

1,496,100

1,495,000

1,492,800

1,148,500

1,160,700

1,173,300

1,176,500

1,248,400

1,279,600

1,269,300

1,285,300

1,330,900

1,330,800

1,340,000

1,337,500

1,368,400

1,376,700

1,377,200

1,380,300

1,333,900

1,336,900

1,195,600

1,177,700

1,273,600

1,275,400

1,305,300

1,299,700

1,184,600

1,187,500

1,160,100

1,143,900

1,105,300

1,078,400

1,075,000

1,081,500

962,500

971,400

970,400

966,200

1,006,000

1,368,100

1,007,500

1,003,800

989,200

981,300

976,900

978,200

967,000

767,100

766,700

773,600

633,600

632,200

637,400

637,000

633,000

613,400

596,400

590,300

610,000

599,600

595,300

577,400

613,700

490,200

593,000

582,600

520,700

524,100

534,500

538,900

506,700

506,200

580,900

539,900

556,100

649,400

697,900

645,600

719,500

725,600

588,300

541,900

765,300

183,000

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
809,900
785,200
701,200
0
0
0
0
563,600
562,900
466,400
459,900
453,400
453,500
453,000
452,300
450,200
452,600
445,600
449,100
442,500
446,100
447,900
448,000
436,500
435,400
438,200
437,600
431,800
428,900
429,000
891,000
1,179,500
1,245,600
1,240,100
1,083,000
1,068,000
1,069,000
1,060,400
1,013,200
908,300
900,900
832,000
1,787,700
1,779,000
2,498,200
2,499,000

2,499,000

2,498,200

1,779,000

1,787,700

832,000

900,900

908,300

1,013,200

1,060,400

1,069,000

1,068,000

1,083,000

1,240,100

1,245,600

1,179,500

891,000

429,000

428,900

431,800

437,600

438,200

435,400

436,500

448,000

447,900

446,100

442,500

449,100

445,600

452,600

450,200

452,300

453,000

453,500

453,400

459,900

466,400

562,900

563,600

701,200

785,200

809,900

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
214,500
222,700
214,800
264,300
270,900
278,100
282,000
358,500
359,700
380,800
383,700
566,100
577,800
588,700
593,200
426,300
440,700
610,400
441,300
471,600
494,200
492,800
488,600
466,300
480,500
466,200
466,500
473,300
507,500
510,900
502,700
436,800
428,200
430,600
422,100
739,300
718,300
715,800
712,900
743,000
739,400
723,800
729,500
756,000
757,300
731,800
699,400
782,800
785,500
763,000
738,200
753,000
753,600
736,200
715,000
540,900
531,400
511,400
474,100
609,400
534,600
524,400
519,900
508,300
472,800
474,700
437,400
440,700
408,400
411,900
411,400
408,400
418,500
377,100
273,200
265,300
267,400
180,600
179,500
181,000
176,100
190,700
200,500
273,100
270,700
285,700
286,900
289,600
286,700
315,200

315,200

286,700

289,600

286,900

285,700

270,700

273,100

200,500

190,700

176,100

181,000

179,500

180,600

267,400

265,300

273,200

377,100

418,500

408,400

411,400

411,900

408,400

440,700

437,400

474,700

472,800

508,300

519,900

524,400

534,600

609,400

474,100

511,400

531,400

540,900

715,000

736,200

753,600

753,000

738,200

763,000

785,500

782,800

699,400

731,800

757,300

756,000

729,500

723,800

739,400

743,000

712,900

715,800

718,300

739,300

422,100

430,600

428,200

436,800

502,700

510,900

507,500

473,300

466,500

466,200

480,500

466,300

488,600

492,800

494,200

471,600

441,300

610,400

440,700

426,300

593,200

588,700

577,800

566,100

383,700

380,800

359,700

358,500

282,000

278,100

270,900

264,300

214,800

222,700

214,500

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
75,200
96,700
85,200
0
0
0
0
92,700
96,300
97,600
94,600
0
0
0
0
3,200
4,100
3,600
5,500
12,300
2,300
2,200
3,400
2,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,500

3,400

2,200

2,300

12,300

5,500

3,600

4,100

3,200

94,600

97,600

96,300

92,700

85,200

96,700

75,200

> Total Stockholder Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,293,500
1,143,700
1,040,300
1,067,100
1,100,000
1,141,300
1,136,700
1,110,900
1,164,100
1,212,100
1,236,500
1,101,800
1,105,800
1,176,600
1,232,900
1,323,000
1,453,300
1,582,500
1,675,300
1,712,300
1,793,000
1,910,800
1,993,800
1,978,800
1,994,900
2,043,500
2,038,600
1,871,800
1,897,900
1,920,000
1,903,400
1,892,900
1,917,000
1,925,200
1,178,600
729,900
547,300
420,800
335,800
210,300
191,700
200,900
217,100
70,400
123,400
210,400
189,400
30,900
82,400
158,400
185,800
77,700
130,600
213,500
289,300
1,038,400
1,093,300
1,186,700
1,279,200
1,171,500
1,197,200
1,263,500
1,289,100
1,281,300
1,305,300
1,388,200
1,434,700
1,440,100
1,473,600
1,547,800
1,570,100
1,482,900
1,480,800
1,501,000
1,558,100
1,582,600
1,526,900
1,537,300
1,418,200
1,300,900
1,303,700
1,364,400
1,458,200
1,510,000
1,642,600
1,769,500
1,849,700
1,914,200
1,979,900
2,004,600

2,004,600

1,979,900

1,914,200

1,849,700

1,769,500

1,642,600

1,510,000

1,458,200

1,364,400

1,303,700

1,300,900

1,418,200

1,537,300

1,526,900

1,582,600

1,558,100

1,501,000

1,480,800

1,482,900

1,570,100

1,547,800

1,473,600

1,440,100

1,434,700

1,388,200

1,305,300

1,281,300

1,289,100

1,263,500

1,197,200

1,171,500

1,279,200

1,186,700

1,093,300

1,038,400

289,300

213,500

130,600

77,700

185,800

158,400

82,400

30,900

189,400

210,400

123,400

70,400

217,100

200,900

191,700

210,300

335,800

420,800

547,300

729,900

1,178,600

1,925,200

1,917,000

1,892,900

1,903,400

1,920,000

1,897,900

1,871,800

2,038,600

2,043,500

1,994,900

1,978,800

1,993,800

1,910,800

1,793,000

1,712,300

1,675,300

1,582,500

1,453,300

1,323,000

1,232,900

1,176,600

1,105,800

1,101,800

1,236,500

1,212,100

1,164,100

1,110,900

1,136,700

1,141,300

1,100,000

1,067,100

1,040,300

1,143,700

1,293,500

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900
76,900

76,900

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
417,800
487,100
491,800
0
0
0
0
503,200
553,000
633,400
691,200
1,263,300
1,311,100
1,390,300
1,483,200
1,467,300
1,512,700
1,619,000
1,683,300
1,660,400
1,711,700
1,806,200
1,878,000
1,881,000
1,931,100
2,035,900
2,100,200
1,966,800
1,994,400
2,056,900
2,110,500
2,135,700
2,081,100
2,140,500
1,883,500
0
1,981,100
2,032,800
2,151,700
2,225,700
2,374,000
2,527,200
2,644,500
2,720,100
2,866,300
3,036,200

3,036,200

2,866,300

2,720,100

2,644,500

2,527,200

2,374,000

2,225,700

2,151,700

2,032,800

1,981,100

1,883,500

2,140,500

2,081,100

2,135,700

2,110,500

2,056,900

1,994,400

1,966,800

2,100,200

2,035,900

Brunswick Corporation Buy, Hold or Sell?

Let's analyse Brunswick

Summary

Financial Health

1.1. Profitability of Brunswick Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Recreational Vehicles)

1.1.2. Return on Assets

Trends

Compared to industry (Recreational Vehicles)

1.1.3. Return on Equity

Trends

Compared to industry (Recreational Vehicles)

1.2. Operating Efficiency of Brunswick Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Recreational Vehicles)

1.2.2. Operating Ratio

Trends

Compared to industry (Recreational Vehicles)

1.3. Liquidity of Brunswick Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Recreational Vehicles)

1.3.2. Quick Ratio

Trends

Compared to industry (Recreational Vehicles)

1.4. Solvency of Brunswick Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Recreational Vehicles)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Recreational Vehicles)

2. Market Valuation of Brunswick Corporation

2. Earnings

2.1. Price to Earnings Ratio

Trends

Compared to industry (Recreational Vehicles)

2.2. Price Earnings to Growth Ratio

Trends

Compared to industry (Recreational Vehicles)

2. Books

2.3. Price to Book Ratio

Trends

Compared to industry (Recreational Vehicles)

2.4. Latest News of Brunswick Corporation

3. Holders & Insider Transactions

3.1. Institutions holding Brunswick Corporation

3.2. Funds holding Brunswick Corporation

3.3. Insider Transactions

4. Summary

4.1. Key Performance Indicators

4.2. Fundamental Score

Penke's Stock Scanner

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4.3. Technical Score

Penke's Symbol Scanner

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Reversals in quarterly reports

Latest Balance Sheet

Summary

Assets

Total Current Assets

Long-term Assets

Brunswick Corporation
Buy, Hold or Sell?