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Brown-Forman Corporation
Buy, Hold or Sell?

Let's analyse Brown-forman together

PenkeI guess you are interested in Brown-Forman Corporation. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Brown-Forman 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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Quick analysis of Brown-forman (30 sec.)










What can you expect buying and holding a share of Brown-forman? (30 sec.)

How much money do you get?

How much money do you get?
$0.83
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$6.82
Expected worth in 1 year
$7.32
How sure are you?
82.5%

+ What do you gain per year?

Total Gains per Share
$1.33
Return On Investment
2.5%

For what price can you sell your share?

Current Price per Share
$52.95
Expected price per share
$0 - $56.46
How sure are you?
50%

1. Valuation of Brown-forman (5 min.)




Live pricePrice per Share (EOD)

$52.95

Intrinsic Value Per Share

$1.06 - $12.06

Total Value Per Share

$7.88 - $18.89

2. Growth of Brown-forman (5 min.)




Is Brown-forman growing?

Current yearPrevious yearGrowGrow %
How rich?$3.2b$2.9b$420.7m12.6%

How much money is Brown-forman making?

Current yearPrevious yearGrowGrow %
Making money$241.2m$181.7m$59.5m24.7%
Net Profit Margin22.6%17.5%--

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

3. Financial Health of Brown-forman (5 min.)




What can you expect buying and holding a share of Brown-forman? (5 min.)

Welcome investor! Brown-forman's management wants to use your money to grow the business. In return you get a share of Brown-forman.

What can you expect buying and holding a share of Brown-forman?

First you should know what it really means to hold a share of Brown-forman. And how you can make/lose money.

Speculation

The Price per Share of Brown-forman is $52.95. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Brown-forman.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Brown-forman, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $6.82. Based on the TTM, the Book Value Change Per Share is $0.13 per quarter. Based on the YOY, the Book Value Change Per Share is $0.27 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.21 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Brown-forman.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.601.1%0.521.0%0.380.7%0.450.8%0.400.8%
Usd Book Value Change Per Share-0.37-0.7%0.130.2%0.270.5%0.190.4%0.080.2%
Usd Dividend Per Share0.220.4%0.210.4%0.190.4%0.230.4%0.210.4%
Usd Total Gains Per Share-0.15-0.3%0.330.6%0.460.9%0.420.8%0.290.6%
Usd Price Per Share56.37-62.90-67.52-63.37-77.70-
Price to Earnings Ratio23.52-30.91-50.21-38.88-50.23-
Price-to-Total Gains Ratio-365.85-15.56-186.12-154.16-110.22-
Price to Book Ratio8.26-9.07-11.18-12.16-20.99-
Price-to-Total Gains Ratio-365.85-15.56-186.12-154.16-110.22-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share52.95
Number of shares18
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.210.23
Usd Book Value Change Per Share0.130.19
Usd Total Gains Per Share0.330.42
Gains per Quarter (18 shares)6.007.56
Gains per Year (18 shares)24.0030.24
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
115914171320
2301838342750
3452762514080
46036866753110
575451108467140
6905413410180170
71056315811894200
812072182135107230
913581206152120260
1015090230169134290

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%39.01.00.097.5%137.02.00.098.6%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%16.04.00.080.0%28.012.00.070.0%103.036.00.074.1%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%130.00.09.093.5%
Total Gains per Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%33.07.00.082.5%127.012.00.091.4%

Fundamentals of Brown-forman

About Brown-Forman Corporation

Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, vodkas, tequilas, gin, brandy, rum, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Woodford Reserve, Old Forester, Coopers' Craft, Gentleman Jack, Herradura, el Jimador, New Mix, Korbel, Sonoma-Cutrer, Finlandia, Chambord, Gin Mare, Diplomático, Fords Gin, GlenDronach, Benriach, Glenglassaugh, Slane, and brands. It is also involved in the sale of used barrels, bulk whiskey, and wine; and provision of contract bottling services. The company serves retail customers and consumers through distributors or state governments; and retailers, wholesalers, and provincial governments directly. It has operations in the United States, Germany, Australia, the United Kingdom, Mexico, and internationally. The company was founded in 1870 and is headquartered in Louisville, Kentucky.

Fundamental data was last updated by Penke on 2024-03-22 16:52:07.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Brown-Forman Corporation.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Brown-forman earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Brown-forman to the Beverages - Wineries & Distilleries industry mean.
  • A Net Profit Margin of 26.7% means that $0.27 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Brown-Forman Corporation:

  • The MRQ is 26.7%. The company is making a huge profit. +2
  • The TTM is 22.6%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ26.7%TTM22.6%+4.0%
TTM22.6%YOY17.5%+5.2%
TTM22.6%5Y22.7%-0.1%
5Y22.7%10Y23.9%-1.2%
1.1.2. Return on Assets

Shows how efficient Brown-forman is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Brown-forman to the Beverages - Wineries & Distilleries industry mean.
  • 3.5% Return on Assets means that Brown-forman generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Brown-Forman Corporation:

  • The MRQ is 3.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.0%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.5%TTM3.0%+0.5%
TTM3.0%YOY2.7%+0.3%
TTM3.0%5Y3.3%-0.3%
5Y3.3%10Y3.8%-0.5%
1.1.3. Return on Equity

Shows how efficient Brown-forman is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Brown-forman to the Beverages - Wineries & Distilleries industry mean.
  • 8.8% Return on Equity means Brown-forman generated $0.09 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Brown-Forman Corporation:

  • The MRQ is 8.8%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.8%TTM7.3%+1.5%
TTM7.3%YOY6.3%+1.0%
TTM7.3%5Y8.6%-1.3%
5Y8.6%10Y10.8%-2.2%

1.2. Operating Efficiency of Brown-Forman Corporation.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Brown-forman is operating .

  • Measures how much profit Brown-forman 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 Brown-forman to the Beverages - Wineries & Distilleries industry mean.
  • An Operating Margin of 35.1% means the company generated $0.35  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Brown-Forman Corporation:

  • The MRQ is 35.1%. The company is operating very efficient. +2
  • The TTM is 30.4%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ35.1%TTM30.4%+4.6%
TTM30.4%YOY24.3%+6.1%
TTM30.4%5Y29.0%+1.4%
5Y29.0%10Y30.6%-1.5%
1.2.2. Operating Ratio

Measures how efficient Brown-forman is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Beverages - Wineries & Distilleries industry mean).
  • An Operation Ratio of 0.65 means that the operating costs are $0.65 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Brown-Forman Corporation:

  • The MRQ is 0.651. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.686. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.651TTM0.686-0.035
TTM0.686YOY0.742-0.055
TTM0.6865Y0.697-0.011
5Y0.69710Y0.684+0.013

1.3. Liquidity of Brown-Forman Corporation.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Beverages - Wineries & Distilleries industry mean).
  • A Current Ratio of 2.74 means the company has $2.74 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Brown-Forman Corporation:

  • The MRQ is 2.739. The company is able to pay all its short-term debts. +1
  • The TTM is 3.186. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ2.739TTM3.186-0.447
TTM3.186YOY3.150+0.036
TTM3.1865Y3.630-0.444
5Y3.63010Y3.185+0.445
1.3.2. Quick Ratio

Measures if Brown-forman is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Brown-forman to the Beverages - Wineries & Distilleries industry mean.
  • A Quick Ratio of 0.91 means the company can pay off $0.91 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Brown-Forman Corporation:

  • The MRQ is 0.910. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 1.014. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ0.910TTM1.014-0.104
TTM1.014YOY1.374-0.361
TTM1.0145Y1.481-0.468
5Y1.48110Y1.264+0.218

1.4. Solvency of Brown-Forman Corporation.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Brown-forman assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Brown-forman to Beverages - Wineries & Distilleries industry mean.
  • A Debt to Asset Ratio of 0.61 means that Brown-forman assets are financed with 60.6% credit (debt) and the remaining percentage (100% - 60.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Brown-Forman Corporation:

  • The MRQ is 0.606. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.587. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.606TTM0.587+0.019
TTM0.587YOY0.576+0.011
TTM0.5875Y0.610-0.023
5Y0.61010Y0.632-0.022
1.4.2. Debt to Equity Ratio

Measures if Brown-forman is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Brown-forman to the Beverages - Wineries & Distilleries industry mean.
  • A Debt to Equity ratio of 153.8% means that company has $1.54 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Brown-Forman Corporation:

  • The MRQ is 1.538. The company is just able to pay all its debts with equity.
  • The TTM is 1.422. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.538TTM1.422+0.116
TTM1.422YOY1.364+0.058
TTM1.4225Y1.590-0.168
5Y1.59010Y1.824-0.234

2. Market Valuation of Brown-Forman Corporation

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Brown-forman generates.

  • Above 15 is considered overpriced but always compare Brown-forman to the Beverages - Wineries & Distilleries industry mean.
  • A PE ratio of 23.52 means the investor is paying $23.52 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Brown-Forman Corporation:

  • The EOD is 22.089. Based on the earnings, the company is fair priced.
  • The MRQ is 23.515. Based on the earnings, the company is fair priced.
  • The TTM is 30.908. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD22.089MRQ23.515-1.427
MRQ23.515TTM30.908-7.393
TTM30.908YOY50.212-19.304
TTM30.9085Y38.883-7.975
5Y38.88310Y50.230-11.347
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Brown-Forman Corporation:

  • The EOD is 32.119. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 34.193. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is -116.251. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD32.119MRQ34.193-2.075
MRQ34.193TTM-116.251+150.444
TTM-116.251YOY95.217-211.468
TTM-116.2515Y28.390-144.641
5Y28.39010Y24.259+4.131
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Beverages - Wineries & Distilleries industry mean).
  • A PB ratio of 8.26 means the investor is paying $8.26 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Brown-Forman Corporation:

  • The EOD is 7.760. Based on the equity, the company is overpriced. -1
  • The MRQ is 8.261. Based on the equity, the company is overpriced. -1
  • The TTM is 9.069. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD7.760MRQ8.261-0.501
MRQ8.261TTM9.069-0.808
TTM9.069YOY11.184-2.115
TTM9.0695Y12.159-3.090
5Y12.15910Y20.988-8.829
2. Total Gains per Share

3. Holders & Insider Transactions

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

4. Summary

4.1. Key Performance Indicators

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

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.3710.125-396%0.270-237%0.186-300%0.083-549%
Book Value Per Share--6.8236.942-2%6.047+13%5.411+26%4.256+60%
Current Ratio--2.7393.186-14%3.150-13%3.630-25%3.185-14%
Debt To Asset Ratio--0.6060.587+3%0.576+5%0.610-1%0.632-4%
Debt To Equity Ratio--1.5381.422+8%1.364+13%1.590-3%1.824-16%
Dividend Per Share--0.2170.208+4%0.192+13%0.234-8%0.211+3%
Eps--0.5990.516+16%0.378+58%0.447+34%0.399+50%
Free Cash Flow Per Share--0.4120.198+108%0.246+67%0.314+31%0.289+43%
Free Cash Flow To Equity Per Share--0.015-0.033+323%0.433-97%0.124-88%0.050-71%
Gross Profit Margin--0.4980.426+17%0.194+157%0.423+18%0.425+17%
Intrinsic Value_10Y_max--12.064--------
Intrinsic Value_10Y_min--1.059--------
Intrinsic Value_1Y_max--1.182--------
Intrinsic Value_1Y_min--0.984--------
Intrinsic Value_3Y_max--3.572--------
Intrinsic Value_3Y_min--2.213--------
Intrinsic Value_5Y_max--5.987--------
Intrinsic Value_5Y_min--2.619--------
Market Cap8954268600.000-199%26807655420.00030142188652.500-11%32443038462.500-17%30436933929.500-12%38589932499.768-31%
Net Profit Margin--0.2670.226+18%0.175+53%0.227+17%0.239+12%
Operating Margin--0.3510.304+15%0.243+44%0.290+21%0.306+15%
Operating Ratio--0.6510.686-5%0.742-12%0.697-7%0.684-5%
Pb Ratio7.760-6%8.2619.069-9%11.184-26%12.159-32%20.988-61%
Pe Ratio22.089-6%23.51530.908-24%50.212-53%38.883-40%50.230-53%
Price Per Share52.950-6%56.37062.895-10%67.523-17%63.375-11%77.700-27%
Price To Free Cash Flow Ratio32.119-6%34.193-116.251+440%95.217-64%28.390+20%24.259+41%
Price To Total Gains Ratio-343.658+6%-365.85515.557-2452%186.122-297%154.162-337%110.221-432%
Quick Ratio--0.9101.014-10%1.374-34%1.481-39%1.264-28%
Return On Assets--0.0350.030+16%0.027+28%0.033+5%0.038-9%
Return On Equity--0.0880.073+21%0.063+40%0.086+2%0.108-19%
Total Gains Per Share---0.1540.333-146%0.462-133%0.420-137%0.294-152%
Usd Book Value--3245000000.0003326250000.000-2%2905500000.000+12%2598050000.000+25%2081600000.000+56%
Usd Book Value Change Per Share---0.3710.125-396%0.270-237%0.186-300%0.083-549%
Usd Book Value Per Share--6.8236.942-2%6.047+13%5.411+26%4.256+60%
Usd Dividend Per Share--0.2170.208+4%0.192+13%0.234-8%0.211+3%
Usd Eps--0.5990.516+16%0.378+58%0.447+34%0.399+50%
Usd Free Cash Flow--196000000.00094500000.000+107%118250000.000+66%150900000.000+30%141350000.000+39%
Usd Free Cash Flow Per Share--0.4120.198+108%0.246+67%0.314+31%0.289+43%
Usd Free Cash Flow To Equity Per Share--0.015-0.033+323%0.433-97%0.124-88%0.050-71%
Usd Market Cap8954268600.000-199%26807655420.00030142188652.500-11%32443038462.500-17%30436933929.500-12%38589932499.768-31%
Usd Price Per Share52.950-6%56.37062.895-10%67.523-17%63.375-11%77.700-27%
Usd Profit--285000000.000241250000.000+18%181750000.000+57%213400000.000+34%205300000.000+39%
Usd Revenue--1069000000.0001065000000.000+0%1044500000.000+2%947150000.000+13%866975000.000+23%
Usd Total Gains Per Share---0.1540.333-146%0.462-133%0.420-137%0.294-152%
 EOD+5 -3MRQTTM+20 -16YOY+22 -145Y+21 -1510Y+21 -15

4.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1522.089
Price to Book Ratio (EOD)Between0-17.760
Net Profit Margin (MRQ)Greater than00.267
Operating Margin (MRQ)Greater than00.351
Quick Ratio (MRQ)Greater than10.910
Current Ratio (MRQ)Greater than12.739
Debt to Asset Ratio (MRQ)Less than10.606
Debt to Equity Ratio (MRQ)Less than11.538
Return on Equity (MRQ)Greater than0.150.088
Return on Assets (MRQ)Greater than0.050.035
Total4/10 (40.0%)

4.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5035.647
Ma 20Greater thanMa 5055.158
Ma 50Greater thanMa 10057.018
Ma 100Greater thanMa 20058.239
OpenGreater thanClose52.970
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2024-01-31. Currency in USD. All numbers in thousands.

Summary
Total Assets8,237,000
Total Liabilities4,992,000
Total Stockholder Equity3,245,000
 As reported
Total Liabilities 4,992,000
Total Stockholder Equity+ 3,245,000
Total Assets = 8,237,000

Assets

Total Assets8,237,000
Total Current Assets4,415,000
Long-term Assets3,822,000
Total Current Assets
Cash And Cash Equivalents 589,000
Net Receivables 878,000
Inventory 2,529,000
Other Current Assets 258,000
Total Current Assets  (as reported)4,415,000
Total Current Assets  (calculated)4,254,000
+/- 161,000
Long-term Assets
Property Plant Equipment 1,014,000
Goodwill 1,464,000
Intangible Assets 1,004,000
Long-term Assets Other 274,000
Long-term Assets  (as reported)3,822,000
Long-term Assets  (calculated)3,756,000
+/- 66,000

Liabilities & Shareholders' Equity

Total Current Liabilities1,612,000
Long-term Liabilities3,380,000
Total Stockholder Equity3,245,000
Total Current Liabilities
Short-term Debt 728,000
Short Long Term Debt 728,000
Accounts payable 747,000
Other Current Liabilities 15,000
Total Current Liabilities  (as reported)1,612,000
Total Current Liabilities  (calculated)2,218,000
+/- 606,000
Long-term Liabilities
Long term Debt 2,678,000
Long-term Liabilities Other 242,000
Long-term Liabilities  (as reported)3,380,000
Long-term Liabilities  (calculated)2,920,000
+/- 460,000
Total Stockholder Equity
Common Stock72,000
Retained Earnings 3,995,000
Accumulated Other Comprehensive Income -224,000
Other Stockholders Equity -598,000
Total Stockholder Equity (as reported)3,245,000
Total Stockholder Equity (calculated)3,245,000
+/-0
Other
Capital Stock72,000
Cash and Short Term Investments 589,000
Common Stock Shares Outstanding 475,566
Current Deferred Revenue122,000
Liabilities and Stockholders Equity 8,237,000
Net Debt 2,817,000
Net Invested Capital 6,651,000
Net Working Capital 2,803,000
Short Long Term Debt Total 3,406,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2024-01-312023-10-312023-07-312023-04-302023-01-312022-10-312022-07-312022-04-302022-01-312021-10-312021-07-312021-04-302021-01-312020-10-312020-07-312020-04-302020-01-312019-10-312019-07-312019-04-302019-01-312018-10-312018-07-312018-04-302018-01-312017-10-312017-07-312017-04-302017-01-312016-10-312016-07-312016-04-302016-01-312015-10-312015-07-312015-04-302015-01-312014-10-312014-07-312014-04-302014-01-312013-10-312013-07-312013-04-302013-01-312012-10-312012-07-312012-04-302012-01-312011-10-312011-07-312011-04-302011-01-312010-10-312010-07-312010-04-302010-01-312009-10-312009-07-312009-04-302009-01-312008-10-312008-07-312008-04-302008-01-312007-10-312007-07-312007-04-302007-01-312006-10-312006-07-312006-04-302006-01-312005-10-312005-07-312005-04-302005-01-312004-10-312004-07-312004-04-302004-01-312003-10-312003-07-312003-04-302003-01-312002-10-312002-07-312002-04-302002-01-312001-10-312001-07-312001-04-302001-01-312000-10-312000-07-312000-04-302000-01-311999-10-311999-07-311999-04-301999-01-311998-10-311998-07-311998-04-301998-01-311997-10-311997-07-311997-04-301997-01-311996-10-311996-07-311996-04-301996-01-311995-10-311995-07-311995-04-301995-01-311994-10-311994-07-311994-04-301994-01-311993-10-311993-07-311993-04-301993-01-311992-10-311992-07-311992-04-301992-01-311991-10-311991-07-311991-04-301991-01-311990-10-311990-07-311990-04-301990-01-311989-10-311989-07-311989-04-301989-01-311988-10-311988-07-311988-04-301988-01-311987-10-311987-07-311987-04-301987-01-311986-10-311986-07-311986-04-301986-01-311985-10-31
> Total Assets 
0
0
1,037,800
0
0
0
1,056,700
0
0
0
932,300
0
0
0
1,003,300
1,022,700
987,300
982,100
1,021,000
1,014,400
1,064,200
1,030,100
1,082,600
1,133,300
1,223,000
1,133,400
1,193,500
1,227,600
1,415,900
1,312,500
1,311,000
1,314,100
1,412,500
1,275,000
1,233,900
1,212,700
1,343,100
1,225,400
1,285,600
1,283,800
1,399,700
1,337,200
1,381,000
1,354,000
1,474,100
1,366,300
1,428,000
1,388,700
1,537,600
1,433,600
1,494,000
1,497,600
1,670,900
1,534,700
1,735,000
1,748,500
1,926,100
1,747,600
1,802,000
1,806,800
1,995,600
1,855,400
1,939,000
1,935,900
2,092,700
1,940,000
2,016,000
2,026,600
2,214,700
2,141,200
2,264,000
2,280,600
2,429,700
2,331,900
2,376,000
2,372,700
2,563,700
2,622,200
2,624,000
2,597,000
2,591,800
2,654,600
2,728,000
2,756,600
2,925,200
3,730,800
3,551,000
3,342,200
3,546,300
3,391,600
3,405,000
3,448,900
3,680,600
3,499,800
3,475,000
3,444,200
3,585,000
3,418,300
3,383,000
3,381,900
3,440,100
3,383,000
3,712,000
3,749,200
3,673,600
3,676,400
3,477,000
3,583,000
3,803,900
3,832,300
3,626,000
3,686,000
3,882,000
3,993,000
4,103,000
4,191,000
4,243,000
4,161,000
4,193,000
4,334,000
4,319,000
4,333,000
4,183,000
4,755,000
4,720,000
4,600,000
4,625,000
4,802,000
4,978,000
5,042,000
4,976,000
5,025,000
5,149,000
5,163,000
5,139,000
5,322,000
5,553,000
5,518,000
5,776,000
6,191,000
6,350,000
6,495,000
6,522,000
6,579,000
6,616,000
6,226,000
6,373,000
6,521,000
6,852,000
7,754,000
7,777,000
8,086,000
8,115,000
8,237,000
8,237,0008,115,0008,086,0007,777,0007,754,0006,852,0006,521,0006,373,0006,226,0006,616,0006,579,0006,522,0006,495,0006,350,0006,191,0005,776,0005,518,0005,553,0005,322,0005,139,0005,163,0005,149,0005,025,0004,976,0005,042,0004,978,0004,802,0004,625,0004,600,0004,720,0004,755,0004,183,0004,333,0004,319,0004,334,0004,193,0004,161,0004,243,0004,191,0004,103,0003,993,0003,882,0003,686,0003,626,0003,832,3003,803,9003,583,0003,477,0003,676,4003,673,6003,749,2003,712,0003,383,0003,440,1003,381,9003,383,0003,418,3003,585,0003,444,2003,475,0003,499,8003,680,6003,448,9003,405,0003,391,6003,546,3003,342,2003,551,0003,730,8002,925,2002,756,6002,728,0002,654,6002,591,8002,597,0002,624,0002,622,2002,563,7002,372,7002,376,0002,331,9002,429,7002,280,6002,264,0002,141,2002,214,7002,026,6002,016,0001,940,0002,092,7001,935,9001,939,0001,855,4001,995,6001,806,8001,802,0001,747,6001,926,1001,748,5001,735,0001,534,7001,670,9001,497,6001,494,0001,433,6001,537,6001,388,7001,428,0001,366,3001,474,1001,354,0001,381,0001,337,2001,399,7001,283,8001,285,6001,225,4001,343,1001,212,7001,233,9001,275,0001,412,5001,314,1001,311,0001,312,5001,415,9001,227,6001,193,5001,133,4001,223,0001,133,3001,082,6001,030,1001,064,2001,014,4001,021,000982,100987,3001,022,7001,003,300000932,3000001,056,7000001,037,80000
   > Total Current Assets 
0
0
521,600
0
0
0
519,900
0
0
0
455,700
0
0
0
517,400
533,600
568,800
561,100
587,200
574,700
625,400
591,100
621,600
608,900
692,900
595,100
651,500
684,300
823,000
713,900
720,300
737,000
838,600
693,700
649,900
627,700
759,200
640,000
697,900
687,300
797,500
730,000
768,000
739,000
852,100
742,100
802,000
762,600
921,400
816,800
869,000
866,100
1,036,300
902,800
999,000
1,009,100
1,174,700
991,500
1,020,000
998,000
1,086,600
920,800
994,000
985,800
1,129,000
966,200
1,029,000
1,034,500
1,210,800
1,040,200
1,068,000
1,077,000
1,217,000
1,107,900
1,083,000
1,086,000
1,276,000
1,310,900
1,317,000
1,340,000
1,483,700
1,529,800
1,610,000
1,386,500
1,556,000
1,714,200
1,635,000
1,415,400
1,595,200
1,443,900
1,456,000
1,494,400
1,773,000
1,594,500
1,574,000
1,540,000
1,684,400
1,548,400
1,527,000
1,544,500
1,603,700
1,526,500
1,976,000
2,011,600
1,945,600
1,953,100
1,749,000
1,849,500
2,055,000
2,046,400
1,821,000
1,861,000
2,033,000
2,103,000
2,177,000
2,259,000
2,299,000
2,209,000
2,254,000
2,371,000
2,348,000
2,405,000
2,233,000
2,561,000
2,530,000
2,377,000
2,351,000
2,503,000
2,661,000
2,641,000
2,555,000
2,623,000
2,743,000
2,755,000
2,719,000
2,837,000
3,039,000
2,994,000
3,265,000
3,646,000
3,815,000
3,914,000
3,917,000
3,992,000
4,032,000
3,653,000
3,776,000
3,923,000
4,258,000
3,843,000
3,801,000
4,190,000
4,273,000
4,415,000
4,415,0004,273,0004,190,0003,801,0003,843,0004,258,0003,923,0003,776,0003,653,0004,032,0003,992,0003,917,0003,914,0003,815,0003,646,0003,265,0002,994,0003,039,0002,837,0002,719,0002,755,0002,743,0002,623,0002,555,0002,641,0002,661,0002,503,0002,351,0002,377,0002,530,0002,561,0002,233,0002,405,0002,348,0002,371,0002,254,0002,209,0002,299,0002,259,0002,177,0002,103,0002,033,0001,861,0001,821,0002,046,4002,055,0001,849,5001,749,0001,953,1001,945,6002,011,6001,976,0001,526,5001,603,7001,544,5001,527,0001,548,4001,684,4001,540,0001,574,0001,594,5001,773,0001,494,4001,456,0001,443,9001,595,2001,415,4001,635,0001,714,2001,556,0001,386,5001,610,0001,529,8001,483,7001,340,0001,317,0001,310,9001,276,0001,086,0001,083,0001,107,9001,217,0001,077,0001,068,0001,040,2001,210,8001,034,5001,029,000966,2001,129,000985,800994,000920,8001,086,600998,0001,020,000991,5001,174,7001,009,100999,000902,8001,036,300866,100869,000816,800921,400762,600802,000742,100852,100739,000768,000730,000797,500687,300697,900640,000759,200627,700649,900693,700838,600737,000720,300713,900823,000684,300651,500595,100692,900608,900621,600591,100625,400574,700587,200561,100568,800533,600517,400000455,700000519,900000521,60000
       Cash And Cash Equivalents 
0
0
23,800
0
0
0
28,600
0
0
0
49,100
0
0
0
95,600
94,200
35,900
121,900
105,800
64,600
45,400
106,000
93,700
23,200
23,400
38,400
50,000
59,000
55,700
72,900
74,900
112,000
100,500
67,800
30,500
35,300
40,400
49,400
62,500
43,300
39,200
55,300
54,000
23,000
30,200
60,200
58,000
42,100
50,200
66,100
78,000
93,200
122,700
124,400
171,000
180,800
114,800
121,300
180,000
188,000
98,500
78,500
86,000
86,400
94,100
124,800
116,000
123,800
136,400
79,600
72,000
71,900
74,500
110,100
68,000
84,000
85,800
289,500
295,000
265,000
451,900
366,200
475,000
219,900
222,600
253,900
283,000
179,800
192,700
136,600
119,000
160,200
326,800
334,700
340,000
286,500
289,300
241,700
232,000
260,800
155,700
231,600
567,000
552,500
380,100
494,900
338,000
361,500
368,500
386,800
204,000
217,000
192,000
287,000
437,000
460,000
235,000
250,000
370,000
494,000
195,000
317,000
263,000
459,000
211,000
197,000
182,000
238,000
212,000
287,000
239,000
211,000
193,000
260,000
307,000
307,000
235,000
276,000
675,000
908,000
964,000
1,106,000
1,150,000
1,172,000
1,073,000
812,000
868,000
899,000
1,087,000
428,000
374,000
426,000
373,000
589,000
589,000373,000426,000374,000428,0001,087,000899,000868,000812,0001,073,0001,172,0001,150,0001,106,000964,000908,000675,000276,000235,000307,000307,000260,000193,000211,000239,000287,000212,000238,000182,000197,000211,000459,000263,000317,000195,000494,000370,000250,000235,000460,000437,000287,000192,000217,000204,000386,800368,500361,500338,000494,900380,100552,500567,000231,600155,700260,800232,000241,700289,300286,500340,000334,700326,800160,200119,000136,600192,700179,800283,000253,900222,600219,900475,000366,200451,900265,000295,000289,50085,80084,00068,000110,10074,50071,90072,00079,600136,400123,800116,000124,80094,10086,40086,00078,50098,500188,000180,000121,300114,800180,800171,000124,400122,70093,20078,00066,10050,20042,10058,00060,20030,20023,00054,00055,30039,20043,30062,50049,40040,40035,30030,50067,800100,500112,00074,90072,90055,70059,00050,00038,40023,40023,20093,700106,00045,40064,600105,800121,90035,90094,20095,60000049,10000028,60000023,80000
       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
72,400
62,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
229,700
160,000
186,300
190,200
149,800
86,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000000000000000000000000000000000000000000000000086,000149,800190,200186,300160,000229,7000000000000000000000000062,50072,40000000000000000000000000000000000000000000000000000000000
       Net Receivables 
0
0
177,400
0
0
0
190,600
0
0
0
148,900
0
0
0
159,000
159,500
251,000
142,700
159,800
180,000
0
133,500
177,300
0
279,500
158,400
208,300
225,500
321,300
217,800
238,900
225,200
326,900
216,500
240,600
199,500
299,200
185,400
234,200
229,400
324,900
234,100
257,000
246,000
331,500
212,200
263,000
223,100
331,800
222,600
265,000
236,800
350,900
231,200
274,000
255,800
405,600
252,500
294,000
249,900
386,400
243,700
303,000
275,500
376,400
225,500
280,000
257,200
404,300
308,100
325,000
304,600
431,200
313,500
348,000
324,300
488,700
357,100
344,000
321,000
405,000
312,600
328,000
331,200
441,700
485,200
404,000
393,800
535,100
473,100
453,000
428,800
534,400
413,500
367,000
392,600
519,100
454,000
418,000
411,600
544,000
418,000
496,000
523,300
641,900
568,700
475,000
524,900
681,500
633,800
548,000
542,000
729,000
679,000
569,000
547,000
761,000
631,000
583,000
505,000
727,000
630,000
559,000
501,000
660,000
611,000
557,000
576,000
753,000
725,000
639,000
658,000
768,000
737,000
609,000
616,000
823,000
732,000
570,000
721,000
879,000
820,000
753,000
803,000
933,000
796,000
813,000
841,000
894,000
944,000
855,000
872,000
948,000
878,000
878,000948,000872,000855,000944,000894,000841,000813,000796,000933,000803,000753,000820,000879,000721,000570,000732,000823,000616,000609,000737,000768,000658,000639,000725,000753,000576,000557,000611,000660,000501,000559,000630,000727,000505,000583,000631,000761,000547,000569,000679,000729,000542,000548,000633,800681,500524,900475,000568,700641,900523,300496,000418,000544,000411,600418,000454,000519,100392,600367,000413,500534,400428,800453,000473,100535,100393,800404,000485,200441,700331,200328,000312,600405,000321,000344,000357,100488,700324,300348,000313,500431,200304,600325,000308,100404,300257,200280,000225,500376,400275,500303,000243,700386,400249,900294,000252,500405,600255,800274,000231,200350,900236,800265,000222,600331,800223,100263,000212,200331,500246,000257,000234,100324,900229,400234,200185,400299,200199,500240,600216,500326,900225,200238,900217,800321,300225,500208,300158,400279,5000177,300133,5000180,000159,800142,700251,000159,500159,000000148,900000190,600000177,40000
       Other Current Assets 
0
0
34,900
0
0
0
35,400
0
0
0
18,900
0
0
0
17,900
13,200
21,900
22,900
31,600
37,500
580,000
48,000
43,200
585,700
42,600
51,400
40,800
35,400
45,800
43,800
41,000
38,900
40,000
46,300
20,400
24,400
32,400
21,600
19,300
23,300
18,600
19,100
24,000
31,000
28,700
26,700
30,000
37,000
32,900
27,300
24,000
22,000
25,100
23,000
29,000
34,500
31,900
33,600
32,000
25,900
18,200
18,000
28,000
20,900
18,000
23,600
24,000
51,600
50,200
57,900
30,000
31,200
29,500
38,000
43,000
32,500
32,900
23,700
33,000
196,000
34,400
31,600
43,000
21,500
26,800
45,100
92,000
41,000
57,700
75,600
97,000
94,100
126,500
100,800
110,000
175,500
185,800
194,400
226,000
200,200
164,400
184,100
218,000
250,300
229,100
205,300
188,000
198,700
188,300
188,100
242,000
211,000
167,000
208,000
289,000
303,000
307,000
408,000
348,000
328,000
341,000
379,000
357,000
339,000
373,000
331,000
342,000
352,000
337,000
286,000
102,000
305,000
305,000
287,000
92,000
305,000
327,000
318,000
335,000
276,000
257,000
265,000
263,000
246,000
233,000
276,000
277,000
271,000
282,000
311,000
289,000
255,000
250,000
258,000
258,000250,000255,000289,000311,000282,000271,000277,000276,000233,000246,000263,000265,000257,000276,000335,000318,000327,000305,00092,000287,000305,000305,000102,000286,000337,000352,000342,000331,000373,000339,000357,000379,000341,000328,000348,000408,000307,000303,000289,000208,000167,000211,000242,000188,100188,300198,700188,000205,300229,100250,300218,000184,100164,400200,200226,000194,400185,800175,500110,000100,800126,50094,10097,00075,60057,70041,00092,00045,10026,80021,50043,00031,60034,400196,00033,00023,70032,90032,50043,00038,00029,50031,20030,00057,90050,20051,60024,00023,60018,00020,90028,00018,00018,20025,90032,00033,60031,90034,50029,00023,00025,10022,00024,00027,30032,90037,00030,00026,70028,70031,00024,00019,10018,60023,30019,30021,60032,40024,40020,40046,30040,00038,90041,00043,80045,80035,40040,80051,40042,600585,70043,20048,000580,00037,50031,60022,90021,90013,20017,90000018,90000035,40000034,90000
   > Long-term Assets 
0
0
516,200
0
0
0
536,800
0
0
0
476,600
0
0
0
485,900
489,100
418,500
421,000
433,800
439,700
438,800
439,000
461,000
524,400
530,100
538,300
542,000
543,300
592,900
598,600
590,700
577,100
573,900
581,300
584,000
585,000
583,900
585,400
587,700
596,500
602,200
607,200
613,000
615,000
622,000
624,200
626,000
626,100
616,200
616,800
625,000
631,500
634,600
631,900
736,000
739,400
751,400
756,100
782,000
808,800
909,000
934,600
945,000
950,100
963,700
973,800
987,000
992,100
1,003,900
1,101,000
1,196,000
1,203,600
1,212,700
1,224,000
1,293,000
1,286,700
1,287,700
1,311,300
1,307,000
1,257,000
1,108,100
1,124,800
1,118,000
1,370,100
1,369,200
2,016,600
1,916,000
1,926,800
1,951,100
1,947,700
1,949,000
1,954,500
1,907,600
1,905,300
1,901,000
1,904,200
1,900,600
1,869,900
1,856,000
1,837,400
1,836,400
1,856,500
1,736,000
1,737,600
1,728,000
1,723,300
1,728,000
1,733,500
1,748,900
1,785,900
1,805,000
1,825,000
1,849,000
1,890,000
1,926,000
1,932,000
1,944,000
1,952,000
1,939,000
1,963,000
1,971,000
1,928,000
1,950,000
2,194,000
2,190,000
2,223,000
2,274,000
2,299,000
2,317,000
2,401,000
2,421,000
2,402,000
2,406,000
2,408,000
2,420,000
2,485,000
2,514,000
2,524,000
2,511,000
2,545,000
2,535,000
2,581,000
2,605,000
2,587,000
2,584,000
2,573,000
2,597,000
2,598,000
2,594,000
3,911,000
3,976,000
3,896,000
3,842,000
3,822,000
3,822,0003,842,0003,896,0003,976,0003,911,0002,594,0002,598,0002,597,0002,573,0002,584,0002,587,0002,605,0002,581,0002,535,0002,545,0002,511,0002,524,0002,514,0002,485,0002,420,0002,408,0002,406,0002,402,0002,421,0002,401,0002,317,0002,299,0002,274,0002,223,0002,190,0002,194,0001,950,0001,928,0001,971,0001,963,0001,939,0001,952,0001,944,0001,932,0001,926,0001,890,0001,849,0001,825,0001,805,0001,785,9001,748,9001,733,5001,728,0001,723,3001,728,0001,737,6001,736,0001,856,5001,836,4001,837,4001,856,0001,869,9001,900,6001,904,2001,901,0001,905,3001,907,6001,954,5001,949,0001,947,7001,951,1001,926,8001,916,0002,016,6001,369,2001,370,1001,118,0001,124,8001,108,1001,257,0001,307,0001,311,3001,287,7001,286,7001,293,0001,224,0001,212,7001,203,6001,196,0001,101,0001,003,900992,100987,000973,800963,700950,100945,000934,600909,000808,800782,000756,100751,400739,400736,000631,900634,600631,500625,000616,800616,200626,100626,000624,200622,000615,000613,000607,200602,200596,500587,700585,400583,900585,000584,000581,300573,900577,100590,700598,600592,900543,300542,000538,300530,100524,400461,000439,000438,800439,700433,800421,000418,500489,100485,900000476,600000536,800000516,20000
       Property Plant Equipment 
0
0
161,400
0
0
0
163,700
0
0
0
147,700
0
0
0
161,100
163,600
169,900
171,400
179,400
183,200
188,000
191,700
203,800
224,000
230,400
240,400
243,300
246,300
260,200
258,400
257,400
253,500
250,300
247,700
246,000
244,300
243,600
240,800
252,200
257,400
262,200
276,700
281,000
284,000
287,400
289,700
292,000
290,900
281,600
281,600
281,000
280,100
281,500
280,000
348,000
350,200
357,500
363,800
376,000
385,200
400,800
413,100
424,000
424,100
431,200
429,600
437,000
438,900
446,300
454,000
506,000
509,500
511,100
512,800
515,000
511,200
507,600
500,500
501,000
414,000
417,300
418,100
429,000
438,500
427,500
496,700
506,000
504,800
506,200
502,100
501,000
505,700
486,100
479,500
483,000
479,700
473,900
464,200
468,000
451,800
449,500
467,800
393,000
388,000
383,000
385,300
399,000
404,600
415,900
426,600
450,000
459,000
483,000
497,000
526,000
538,000
556,000
567,000
586,000
608,000
619,000
621,000
629,000
645,000
651,000
669,000
713,000
719,000
740,000
766,000
780,000
778,000
785,000
801,000
816,000
815,000
828,000
840,000
848,000
834,000
828,000
826,000
832,000
816,000
813,000
818,000
875,000
880,000
890,000
955,000
1,031,000
1,050,000
1,060,000
1,014,000
1,014,0001,060,0001,050,0001,031,000955,000890,000880,000875,000818,000813,000816,000832,000826,000828,000834,000848,000840,000828,000815,000816,000801,000785,000778,000780,000766,000740,000719,000713,000669,000651,000645,000629,000621,000619,000608,000586,000567,000556,000538,000526,000497,000483,000459,000450,000426,600415,900404,600399,000385,300383,000388,000393,000467,800449,500451,800468,000464,200473,900479,700483,000479,500486,100505,700501,000502,100506,200504,800506,000496,700427,500438,500429,000418,100417,300414,000501,000500,500507,600511,200515,000512,800511,100509,500506,000454,000446,300438,900437,000429,600431,200424,100424,000413,100400,800385,200376,000363,800357,500350,200348,000280,000281,500280,100281,000281,600281,600290,900292,000289,700287,400284,000281,000276,700262,200257,400252,200240,800243,600244,300246,000247,700250,300253,500257,400258,400260,200246,300243,300240,400230,400224,000203,800191,700188,000183,200179,400171,400169,900163,600161,100000147,700000163,700000161,40000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
358,500
0
0
0
0
0
0
0
0
0
0
0
0
195,000
324,300
324,300
664,700
670,000
669,000
685,600
684,100
688,000
688,100
671,700
673,200
675,000
678,200
682,500
677,600
666,000
664,900
669,300
666,500
625,000
623,200
621,800
616,600
617,000
612,100
615,800
618,900
617,000
618,000
620,000
619,000
620,000
618,000
614,000
607,000
607,000
605,000
606,000
589,000
590,000
756,000
743,000
746,000
753,000
755,000
756,000
768,000
763,000
755,000
750,000
754,000
753,000
754,000
762,000
765,000
756,000
760,000
759,000
774,000
779,000
778,000
776,000
771,000
761,000
756,000
748,000
1,455,000
1,457,000
1,494,000
1,461,000
1,464,000
1,464,0001,461,0001,494,0001,457,0001,455,000748,000756,000761,000771,000776,000778,000779,000774,000759,000760,000756,000765,000762,000754,000753,000754,000750,000755,000763,000768,000756,000755,000753,000746,000743,000756,000590,000589,000606,000605,000607,000607,000614,000618,000620,000619,000620,000618,000617,000618,900615,800612,100617,000616,600621,800623,200625,000666,500669,300664,900666,000677,600682,500678,200675,000673,200671,700688,100688,000684,100685,600669,000670,000664,700324,300324,300195,000000000000000358,500000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
326,500
0
0
0
347,700
0
0
0
297,300
0
0
0
289,600
289,800
216,700
215,700
212,600
211,000
0
207,700
206,900
0
247,400
245,400
245,200
243,600
279,400
275,300
279,700
271,000
269,000
275,400
276,400
274,000
270,500
268,300
262,500
260,200
258,000
258,600
259,000
258,000
258,500
256,600
254,000
251,900
250,000
248,100
250,000
247,900
246,100
244,300
264,000
264,500
262,500
260,400
270,000
268,700
267,200
264,900
263,000
250,900
247,400
247,400
246,000
246,500
246,500
422,800
546,000
550,100
553,400
562,800
562,000
562,300
567,500
617,200
616,000
520,000
519,400
520,300
325,000
442,100
442,100
684,600
684,000
695,800
697,100
698,500
699,000
697,600
687,600
686,400
686,000
687,300
688,600
672,900
669,000
667,800
669,400
669,600
670,000
674,500
672,100
667,700
668,000
664,800
667,600
669,900
668,000
669,000
671,000
670,000
677,000
666,000
651,000
619,000
611,000
605,000
608,000
582,000
595,000
649,000
640,000
636,000
641,000
661,000
659,000
680,000
670,000
658,000
648,000
651,000
645,000
654,000
655,000
654,000
635,000
657,000
654,000
676,000
676,000
670,000
663,000
652,000
586,000
578,000
571,000
1,145,000
1,164,000
1,014,000
989,000
1,004,000
1,004,000989,0001,014,0001,164,0001,145,000571,000578,000586,000652,000663,000670,000676,000676,000654,000657,000635,000654,000655,000654,000645,000651,000648,000658,000670,000680,000659,000661,000641,000636,000640,000649,000595,000582,000608,000605,000611,000619,000651,000666,000677,000670,000671,000669,000668,000669,900667,600664,800668,000667,700672,100674,500670,000669,600669,400667,800669,000672,900688,600687,300686,000686,400687,600697,600699,000698,500697,100695,800684,000684,600442,100442,100325,000520,300519,400520,000616,000617,200567,500562,300562,000562,800553,400550,100546,000422,800246,500246,500246,000247,400247,400250,900263,000264,900267,200268,700270,000260,400262,500264,500264,000244,300246,100247,900250,000248,100250,000251,900254,000256,600258,500258,000259,000258,600258,000260,200262,500268,300270,500274,000276,400275,400269,000271,000279,700275,300279,400243,600245,200245,400247,4000206,900207,7000211,000212,600215,700216,700289,800289,600000297,300000347,700000326,50000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
156,000
151,000
164,000
162,000
187,000
208,000
211,000
223,000
202,000
206,000
212,000
209,000
210,000
211,000
294,000
294,000
305,000
251,000
323,000
332,000
332,000
375,000
384,000
385,000
356,000
0
338,000
332,000
0
0332,000338,0000356,000385,000384,000375,000332,000332,000323,000251,000305,000294,000294,000211,000210,000209,000212,000206,000202,000223,000211,000208,000187,000162,000164,000151,000156,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
0
0
521,400
0
0
0
478,800
0
0
0
489,700
0
0
0
447,600
460,800
419,000
397,200
425,700
412,300
437,900
381,200
422,000
483,900
521,000
413,200
458,300
490,900
628,300
507,000
492,900
533,400
569,300
824,700
770,200
753,200
833,900
712,900
739,700
740,200
802,600
738,300
747,000
723,000
785,500
674,000
698,000
661,200
749,700
645,500
677,000
677,500
796,700
661,500
818,000
833,000
937,100
747,300
754,000
758,100
874,400
719,700
752,000
765,000
841,500
680,500
705,000
724,100
826,600
732,400
1,424,000
1,446,400
1,500,800
1,358,300
1,291,000
1,279,400
1,360,900
1,381,000
1,314,000
1,335,000
1,191,800
1,193,000
1,165,000
1,142,800
1,175,600
1,941,600
1,978,000
1,735,300
1,796,300
1,697,000
1,680,000
1,697,900
1,868,400
1,688,200
1,659,000
1,641,200
1,710,800
1,536,500
1,488,000
1,515,000
1,464,700
1,488,000
1,652,000
1,679,000
1,667,400
1,641,700
1,408,000
1,461,000
1,499,100
2,313,500
1,998,000
2,020,000
2,044,000
2,104,000
2,071,000
2,137,000
2,168,000
2,120,000
2,288,000
2,627,000
2,918,000
2,916,000
2,621,000
3,425,000
3,437,000
3,416,000
3,255,000
3,382,000
3,331,000
3,841,000
3,660,000
3,657,000
3,652,000
3,670,000
3,492,000
3,659,000
3,611,000
3,513,000
3,801,000
4,041,000
3,947,000
4,027,000
3,866,000
3,896,000
3,693,000
3,707,000
3,636,000
3,714,000
3,812,000
4,716,000
4,509,000
4,748,000
4,661,000
4,992,000
4,992,0004,661,0004,748,0004,509,0004,716,0003,812,0003,714,0003,636,0003,707,0003,693,0003,896,0003,866,0004,027,0003,947,0004,041,0003,801,0003,513,0003,611,0003,659,0003,492,0003,670,0003,652,0003,657,0003,660,0003,841,0003,331,0003,382,0003,255,0003,416,0003,437,0003,425,0002,621,0002,916,0002,918,0002,627,0002,288,0002,120,0002,168,0002,137,0002,071,0002,104,0002,044,0002,020,0001,998,0002,313,5001,499,1001,461,0001,408,0001,641,7001,667,4001,679,0001,652,0001,488,0001,464,7001,515,0001,488,0001,536,5001,710,8001,641,2001,659,0001,688,2001,868,4001,697,9001,680,0001,697,0001,796,3001,735,3001,978,0001,941,6001,175,6001,142,8001,165,0001,193,0001,191,8001,335,0001,314,0001,381,0001,360,9001,279,4001,291,0001,358,3001,500,8001,446,4001,424,000732,400826,600724,100705,000680,500841,500765,000752,000719,700874,400758,100754,000747,300937,100833,000818,000661,500796,700677,500677,000645,500749,700661,200698,000674,000785,500723,000747,000738,300802,600740,200739,700712,900833,900753,200770,200824,700569,300533,400492,900507,000628,300490,900458,300413,200521,000483,900422,000381,200437,900412,300425,700397,200419,000460,800447,600000489,700000478,800000521,40000
   > Total Current Liabilities 
0
0
211,700
0
0
0
183,200
0
0
0
168,300
0
0
0
204,200
208,000
179,900
163,700
199,000
186,400
212,500
158,000
190,200
251,200
284,300
175,300
214,100
247,600
341,900
222,200
210,400
230,100
261,300
505,700
281,100
256,900
339,300
211,500
285,600
283,000
309,000
288,400
303,000
305,000
313,500
285,100
399,000
359,800
466,600
356,500
382,000
392,900
530,200
400,700
517,000
550,800
668,300
489,500
522,000
538,800
672,300
524,800
538,000
550,100
644,800
494,000
495,000
534,200
633,400
533,900
548,000
574,500
621,700
485,600
369,000
368,200
483,700
489,200
638,000
645,000
590,500
591,000
569,000
562,700
590,300
1,337,700
1,347,000
1,075,500
1,123,100
1,007,600
984,000
1,025,800
1,166,300
746,000
836,000
811,100
869,800
684,000
546,000
607,700
542,500
545,600
707,000
766,900
752,700
725,600
404,000
476,300
505,900
807,300
473,000
515,000
542,000
604,000
561,000
637,000
678,000
860,000
958,000
833,000
1,130,000
1,100,000
791,000
874,000
904,000
1,130,000
970,000
1,089,000
1,052,000
1,486,000
821,000
868,000
895,000
895,000
703,000
867,000
771,000
664,000
881,000
1,091,000
1,022,000
1,044,000
918,000
943,000
783,000
1,049,000
1,034,000
1,110,000
1,243,000
1,933,000
1,084,000
1,308,000
1,297,000
1,612,000
1,612,0001,297,0001,308,0001,084,0001,933,0001,243,0001,110,0001,034,0001,049,000783,000943,000918,0001,044,0001,022,0001,091,000881,000664,000771,000867,000703,000895,000895,000868,000821,0001,486,0001,052,0001,089,000970,0001,130,000904,000874,000791,0001,100,0001,130,000833,000958,000860,000678,000637,000561,000604,000542,000515,000473,000807,300505,900476,300404,000725,600752,700766,900707,000545,600542,500607,700546,000684,000869,800811,100836,000746,0001,166,3001,025,800984,0001,007,6001,123,1001,075,5001,347,0001,337,700590,300562,700569,000591,000590,500645,000638,000489,200483,700368,200369,000485,600621,700574,500548,000533,900633,400534,200495,000494,000644,800550,100538,000524,800672,300538,800522,000489,500668,300550,800517,000400,700530,200392,900382,000356,500466,600359,800399,000285,100313,500305,000303,000288,400309,000283,000285,600211,500339,300256,900281,100505,700261,300230,100210,400222,200341,900247,600214,100175,300284,300251,200190,200158,000212,500186,400199,000163,700179,900208,000204,200000168,300000183,200000211,70000
       Short-term Debt 
0
0
30,500
0
0
0
19,500
0
0
0
800
0
0
0
25,800
25,800
800
800
800
800
0
23,200
2,200
0
71,000
100
20,800
600
120,500
18,100
6,400
5,900
4,900
277,400
59,100
45,500
95,200
5,600
55,500
55,500
56,100
56,000
56,000
56,000
56,700
6,700
7,000
6,700
162,600
104,400
114,000
104,600
203,100
127,900
244,000
219,900
290,800
160,800
226,000
214,300
274,600
155,500
204,000
217,700
269,000
162,000
167,000
174,500
259,200
155,600
207,000
205,200
229,500
138,200
50,000
16,500
56,800
32,500
279,000
249,000
249,700
249,500
225,000
198,100
197,200
875,800
755,000
696,800
699,100
597,000
589,000
580,700
787,100
397,200
490,000
406,200
454,700
258,400
191,000
208,800
132,100
190,400
255,000
254,400
253,500
253,000
7,000
9,200
10,600
264,300
5,000
6,000
7,000
9,000
8,000
13,000
124,000
258,000
440,000
263,000
553,000
509,000
271,000
288,000
337,000
557,000
460,000
508,000
485,000
327,000
215,000
176,000
258,000
207,000
150,000
220,000
156,000
4,000
333,000
389,000
358,000
312,000
205,000
155,000
19,000
266,000
250,000
250,000
436,000
1,004,000
235,000
389,000
456,000
728,000
728,000456,000389,000235,0001,004,000436,000250,000250,000266,00019,000155,000205,000312,000358,000389,000333,0004,000156,000220,000150,000207,000258,000176,000215,000327,000485,000508,000460,000557,000337,000288,000271,000509,000553,000263,000440,000258,000124,00013,0008,0009,0007,0006,0005,000264,30010,6009,2007,000253,000253,500254,400255,000190,400132,100208,800191,000258,400454,700406,200490,000397,200787,100580,700589,000597,000699,100696,800755,000875,800197,200198,100225,000249,500249,700249,000279,00032,50056,80016,50050,000138,200229,500205,200207,000155,600259,200174,500167,000162,000269,000217,700204,000155,500274,600214,300226,000160,800290,800219,900244,000127,900203,100104,600114,000104,400162,6006,7007,0006,70056,70056,00056,00056,00056,10055,50055,5005,60095,20045,50059,100277,4004,9005,9006,40018,100120,50060020,80010071,00002,20023,200080080080080025,80025,80000080000019,50000030,50000
       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
0
0
0
0
0
0
0
0
557,000
460,000
2,228,000
250,000
2,097,000
2,556,000
2,486,000
0
207,000
150,000
220,000
156,000
4,000
333,000
389,000
358,000
312,000
205,000
155,000
19,000
266,000
250,000
250,000
436,000
1,004,000
235,000
389,000
456,000
728,000
728,000456,000389,000235,0001,004,000436,000250,000250,000266,00019,000155,000205,000312,000358,000389,000333,0004,000156,000220,000150,000207,00002,486,0002,556,0002,097,000250,0002,228,000460,000557,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
138,600
138,200
139,500
118,000
147,900
129,900
0
108,000
145,200
0
168,100
136,900
159,300
199,400
199,500
176,600
180,700
190,900
229,700
203,700
216,200
180,600
231,800
186,200
221,300
190,700
241,900
200,800
223,000
196,000
234,300
182,200
209,000
195,400
269,500
201,800
233,000
215,700
282,700
218,700
242,000
254,900
342,100
277,100
280,000
251,000
339,500
290,900
281,000
245,000
310,300
266,200
296,000
270,900
325,000
291,800
297,000
297,700
334,000
284,900
271,000
257,700
344,900
314,300
311,000
227,000
299,700
261,200
293,000
249,100
341,900
363,800
118,000
334,300
424,000
354,100
380,000
343,000
370,900
299,500
326,000
323,000
392,200
361,400
342,000
313,800
0
342,400
126,000
404,000
453,300
390,800
120,000
375,700
480,700
466,400
451,000
393,000
513,000
452,000
474,000
427,000
535,000
511,000
497,000
438,000
549,000
498,000
501,000
463,000
554,000
478,000
501,000
454,000
556,000
584,000
154,000
564,000
620,000
587,000
150,000
524,000
592,000
558,000
518,000
545,000
601,000
603,000
679,000
631,000
708,000
629,000
703,000
644,000
750,000
787,000
827,000
761,000
794,000
747,000
747,000794,000761,000827,000787,000750,000644,000703,000629,000708,000631,000679,000603,000601,000545,000518,000558,000592,000524,000150,000587,000620,000564,000154,000584,000556,000454,000501,000478,000554,000463,000501,000498,000549,000438,000497,000511,000535,000427,000474,000452,000513,000393,000451,000466,400480,700375,700120,000390,800453,300404,000126,000342,4000313,800342,000361,400392,200323,000326,000299,500370,900343,000380,000354,100424,000334,300118,000363,800341,900249,100293,000261,200299,700227,000311,000314,300344,900257,700271,000284,900334,000297,700297,000291,800325,000270,900296,000266,200310,300245,000281,000290,900339,500251,000280,000277,100342,100254,900242,000218,700282,700215,700233,000201,800269,500195,400209,000182,200234,300196,000223,000200,800241,900190,700221,300186,200231,800180,600216,200203,700229,700190,900180,700176,600199,500199,400159,300136,900168,1000145,200108,0000129,900147,900118,000139,500138,200138,60000000000000000
       Other Current Liabilities 
0
0
181,200
0
0
0
163,700
0
0
0
167,500
0
0
0
39,800
44,000
39,600
44,900
50,300
55,700
212,500
26,800
42,800
251,200
45,200
38,300
34,000
47,600
21,900
27,500
23,300
33,300
26,700
24,600
5,800
30,800
12,300
19,700
8,800
36,800
11,000
31,600
24,000
53,000
22,500
96,200
183,000
157,700
34,500
50,300
35,000
72,600
44,400
54,100
31,000
76,000
35,400
51,600
16,000
73,500
58,200
78,400
45,000
22,500
65,500
23,900
32,000
88,800
49,200
86,500
44,000
22,700
58,200
62,500
48,000
25,900
82,000
29,800
48,000
94,000
3,800
38,000
3,000
36,400
2,700
43,100
204,000
37,400
0
41,500
15,000
41,000
8,300
43,300
20,000
39,100
22,900
20,100
13,000
41,200
410,400
9,100
32,000
62,200
45,900
32,100
10,000
50,800
5,600
61,600
17,000
62,000
7,000
69,000
8,000
7,000
7,000
9,000
9,000
78,000
12,000
8,000
322,000
67,000
554,000
70,000
303,000
70,000
556,000
557,000
350,000
76,000
620,000
79,000
331,000
79,000
592,000
83,000
306,000
84,000
601,000
86,000
437,000
86,000
708,000
154,000
81,000
216,000
57,000
142,000
22,000
13,000
11,000
15,000
15,00011,00013,00022,000142,00057,000216,00081,000154,000708,00086,000437,00086,000601,00084,000306,00083,000592,00079,000331,00079,000620,00076,000350,000557,000556,00070,000303,00070,000554,00067,000322,0008,00012,00078,0009,0009,0007,0007,0008,00069,0007,00062,00017,00061,6005,60050,80010,00032,10045,90062,20032,0009,100410,40041,20013,00020,10022,90039,10020,00043,3008,30041,00015,00041,500037,400204,00043,1002,70036,4003,00038,0003,80094,00048,00029,80082,00025,90048,00062,50058,20022,70044,00086,50049,20088,80032,00023,90065,50022,50045,00078,40058,20073,50016,00051,60035,40076,00031,00054,10044,40072,60035,00050,30034,500157,700183,00096,20022,50053,00024,00031,60011,00036,8008,80019,70012,30030,8005,80024,60026,70033,30023,30027,50021,90047,60034,00038,30045,200251,20042,80026,800212,50055,70050,30044,90039,60044,00039,800000167,500000163,700000181,20000
   > Long-term Liabilities 
0
0
309,700
0
0
0
295,600
0
0
0
321,400
0
0
0
243,400
252,800
239,100
233,500
226,700
225,900
225,400
223,200
231,800
232,700
236,700
237,900
244,200
243,300
286,400
284,800
282,500
303,300
308,000
319,000
489,100
496,300
494,600
501,400
454,100
457,200
493,600
449,900
444,000
418,000
472,000
388,900
299,000
301,400
283,100
289,000
295,000
284,600
266,500
260,800
301,000
282,200
268,800
257,800
232,000
219,300
202,100
194,900
214,000
214,900
196,700
186,500
210,000
189,900
193,200
198,500
876,000
871,900
879,100
872,700
922,000
911,200
877,200
891,800
676,000
690,000
601,300
602,000
596,000
580,100
585,300
603,900
631,000
659,800
673,200
689,400
696,000
672,100
702,100
942,200
823,000
830,100
841,000
852,500
942,000
907,300
922,200
942,400
945,000
912,100
914,700
916,100
1,004,000
984,700
993,200
1,506,200
1,525,000
1,505,000
1,502,000
1,500,000
1,510,000
1,500,000
1,490,000
1,260,000
1,330,000
1,794,000
1,788,000
1,816,000
1,830,000
2,551,000
2,533,000
2,286,000
2,285,000
2,293,000
2,279,000
2,355,000
2,839,000
2,789,000
2,757,000
2,775,000
2,789,000
2,792,000
2,840,000
2,849,000
2,920,000
2,950,000
2,925,000
2,983,000
2,948,000
2,953,000
2,910,000
2,658,000
2,602,000
2,604,000
2,569,000
2,783,000
3,425,000
3,440,000
3,364,000
3,380,000
3,380,0003,364,0003,440,0003,425,0002,783,0002,569,0002,604,0002,602,0002,658,0002,910,0002,953,0002,948,0002,983,0002,925,0002,950,0002,920,0002,849,0002,840,0002,792,0002,789,0002,775,0002,757,0002,789,0002,839,0002,355,0002,279,0002,293,0002,285,0002,286,0002,533,0002,551,0001,830,0001,816,0001,788,0001,794,0001,330,0001,260,0001,490,0001,500,0001,510,0001,500,0001,502,0001,505,0001,525,0001,506,200993,200984,7001,004,000916,100914,700912,100945,000942,400922,200907,300942,000852,500841,000830,100823,000942,200702,100672,100696,000689,400673,200659,800631,000603,900585,300580,100596,000602,000601,300690,000676,000891,800877,200911,200922,000872,700879,100871,900876,000198,500193,200189,900210,000186,500196,700214,900214,000194,900202,100219,300232,000257,800268,800282,200301,000260,800266,500284,600295,000289,000283,100301,400299,000388,900472,000418,000444,000449,900493,600457,200454,100501,400494,600496,300489,100319,000308,000303,300282,500284,800286,400243,300244,200237,900236,700232,700231,800223,200225,400225,900226,700233,500239,100252,800243,400000321,400000295,600000309,70000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,347,000
2,354,000
2,346,000
2,331,000
2,061,000
2,019,000
0
1,974,000
2,024,000
2,678,000
2,687,000
0
0
002,687,0002,678,0002,024,0001,974,00002,019,0002,061,0002,331,0002,346,0002,354,0002,347,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
467,000
444,000
573,000
560,000
585,000
498,000
479,000
469,000
474,000
499,000
492,000
509,000
517,000
605,000
634,000
616,000
636,000
545,000
607,000
579,000
597,000
583,000
606,000
595,000
759,000
0
753,000
710,000
0
0710,000753,0000759,000595,000606,000583,000597,000579,000607,000545,000636,000616,000634,000605,000517,000509,000492,000499,000474,000469,000479,000498,000585,000560,000573,000444,000467,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
150,000
152,000
135,000
139,000
61,000
85,000
0
0
0
0
0
0
0
0
0
0
146,000
169,000
191,000
164,000
190,000
219,000
0
234,000
341,000
323,000
324,000
0
0
00324,000323,000341,000234,0000219,000190,000164,000191,000169,000146,000000000000085,00061,000139,000135,000152,000150,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
0
0
516,400
0
0
0
577,900
0
0
0
442,600
0
0
0
555,700
561,900
568,300
584,900
595,300
602,100
626,300
648,900
660,600
649,400
702,000
720,200
735,200
736,700
787,600
805,500
818,100
780,700
843,200
450,300
463,700
459,500
509,200
512,500
545,900
543,600
597,100
598,900
634,000
631,000
688,600
692,300
730,000
727,500
787,900
788,100
817,000
820,100
874,200
873,200
917,000
915,500
989,000
1,000,300
1,048,000
1,048,700
1,121,200
1,135,700
1,187,000
1,170,900
1,251,200
1,259,500
1,311,000
1,302,500
1,388,100
1,408,800
840,000
834,200
928,900
973,600
1,085,000
1,093,300
1,202,800
1,241,200
1,310,000
1,262,000
1,400,000
1,461,600
1,563,000
1,613,800
1,749,600
1,789,200
1,573,000
1,606,900
1,750,000
1,694,600
1,725,000
1,751,000
1,812,200
1,811,600
1,816,000
1,803,000
1,874,200
1,881,800
1,895,000
1,866,900
1,975,400
1,895,000
2,060,000
2,070,200
2,006,200
2,034,700
2,069,000
2,122,000
2,304,800
1,518,800
1,628,000
1,666,000
1,838,000
1,889,000
2,032,000
2,054,000
2,075,000
2,041,000
1,905,000
1,707,000
1,401,000
1,417,000
1,562,000
1,330,000
1,283,000
1,184,000
1,370,000
1,420,000
1,647,000
1,201,000
1,316,000
1,368,000
1,497,000
1,493,000
1,647,000
1,663,000
1,942,000
2,005,000
1,975,000
2,150,000
2,403,000
2,468,000
2,656,000
2,683,000
2,923,000
2,519,000
2,737,000
2,807,000
3,040,000
3,038,000
3,268,000
3,338,000
3,454,000
3,245,000
3,245,0003,454,0003,338,0003,268,0003,038,0003,040,0002,807,0002,737,0002,519,0002,923,0002,683,0002,656,0002,468,0002,403,0002,150,0001,975,0002,005,0001,942,0001,663,0001,647,0001,493,0001,497,0001,368,0001,316,0001,201,0001,647,0001,420,0001,370,0001,184,0001,283,0001,330,0001,562,0001,417,0001,401,0001,707,0001,905,0002,041,0002,075,0002,054,0002,032,0001,889,0001,838,0001,666,0001,628,0001,518,8002,304,8002,122,0002,069,0002,034,7002,006,2002,070,2002,060,0001,895,0001,975,4001,866,9001,895,0001,881,8001,874,2001,803,0001,816,0001,811,6001,812,2001,751,0001,725,0001,694,6001,750,0001,606,9001,573,0001,789,2001,749,6001,613,8001,563,0001,461,6001,400,0001,262,0001,310,0001,241,2001,202,8001,093,3001,085,000973,600928,900834,200840,0001,408,8001,388,1001,302,5001,311,0001,259,5001,251,2001,170,9001,187,0001,135,7001,121,2001,048,7001,048,0001,000,300989,000915,500917,000873,200874,200820,100817,000788,100787,900727,500730,000692,300688,600631,000634,000598,900597,100543,600545,900512,500509,200459,500463,700450,300843,200780,700818,100805,500787,600736,700735,200720,200702,000649,400660,600648,900626,300602,100595,300584,900568,300561,900555,700000442,600000577,900000516,40000
   Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-11,800
-12,000
-12,000
-11,800
-11,800
-12,000
-11,800
-11,800
-11,800
-12,000
-11,800
0
0
0
10,300
10,300
10,300
10,000
10,300
10,300
10,300
10,000
10,300
10,300
10,300
10,000
10,300
10,300
10,300
10,000
10,300
10,300
18,900
19,000
18,900
18,900
18,900
19,000
19,000
18,900
18,900
19,000
18,900
18,900
18,900
19,000
18,900
18,900
18,900
19,000
18,900
23,400
23,400
24,000
23,400
23,400
23,400
24,000
23,400
23,400
23,400
24,000
23,400
23,400
23,400
24,000
34,100
34,100
34,100
34,000
34,000
34,000
34,000
34,000
34,000
34,000
34,000
34,000
34,000
34,000
34,000
34,000
68,000
68,000
68,000
68,000
58,000
58,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,000
72,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00072,00058,00058,00068,00068,00068,00068,00034,00034,00034,00034,00034,00034,00034,00034,00034,00034,00034,00034,00034,00034,10034,10034,10024,00023,40023,40023,40024,00023,40023,40023,40024,00023,40023,40023,40024,00023,40023,40018,90019,00018,90018,90018,90019,00018,90018,90018,90019,00018,90018,90019,00019,00018,90018,90018,90019,00018,90010,30010,30010,00010,30010,30010,30010,00010,30010,30010,30010,00010,30010,30010,30010,00010,30010,30010,300000-11,800-12,000-11,800-11,800-11,800-12,000-11,800-11,800-12,000-12,000-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,800-11,80000000000000000
   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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,125,000
3,243,000
3,255,000
3,491,000
3,091,000
3,242,000
0
3,534,000
3,437,000
3,643,000
3,674,000
0
0
003,674,0003,643,0003,437,0003,534,00003,242,0003,091,0003,491,0003,255,0003,243,0003,125,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
-104,200
0
0
0
-122,000
0
0
0
-129,800
0
0
0
-141,700
-141,700
-141,700
-141,700
-160,900
-160,900
-160,900
-160,900
-181,600
-181,600
-181,600
-181,600
-204,600
-204,600
-204,600
-204,600
-233,800
-233,800
-233,800
-233,800
-264,400
-264,400
-273,900
-277,100
-278,400
-286,600
-294,900
-300,200
-313,000
-287,000
-333,000
-33,900
-346,000
-35,600
-355,000
-346,000
-365,000
-375,000
-384,000
-394,000
-394,000
-8,500
-7,900
-9,000
-12,000
-13,000
-17,500
-14,300
-17,000
-14,700
-15,100
-17,400
-19,000
-18,400
-15,800
-14,000
-83,000
-79,500
-75,400
-62,200
-14,000
-12,400
-4,700
-3,400
-11,000
-20,000
4,900
6,000
18,000
21,100
21,100
27,000
-57,000
-54,300
-33,600
-23,800
5,000
26,800
-57,100
-73,000
-137,000
-132,700
-122,800
-117,100
-176,000
-184,900
-173,700
-176,300
-131,000
-132,000
-158,400
-160,900
-230,000
-231,500
-223,000
-206,400
-211,000
-212,000
-201,000
-203,000
-188,000
-195,000
-191,000
-215,000
-300,000
-304,000
-306,000
-323,000
-350,000
-402,000
-407,000
-433,000
-390,000
-376,000
-391,000
-382,000
-378,000
-364,000
-365,000
-360,000
-363,000
-407,000
-400,000
-392,000
-547,000
-523,000
-508,000
-489,000
-422,000
-414,000
-412,000
-418,000
-352,000
-351,000
-349,000
-258,000
-235,000
-199,000
-290,000
-224,000
-224,000-290,000-199,000-235,000-258,000-349,000-351,000-352,000-418,000-412,000-414,000-422,000-489,000-508,000-523,000-547,000-392,000-400,000-407,000-363,000-360,000-365,000-364,000-378,000-382,000-391,000-376,000-390,000-433,000-407,000-402,000-350,000-323,000-306,000-304,000-300,000-215,000-191,000-195,000-188,000-203,000-201,000-212,000-211,000-206,400-223,000-231,500-230,000-160,900-158,400-132,000-131,000-176,300-173,700-184,900-176,000-117,100-122,800-132,700-137,000-73,000-57,10026,8005,000-23,800-33,600-54,300-57,00027,00021,10021,10018,0006,0004,900-20,000-11,000-3,400-4,700-12,400-14,000-62,200-75,400-79,500-83,000-14,000-15,800-18,400-19,000-17,400-15,100-14,700-17,000-14,300-17,500-13,000-12,000-9,000-7,900-8,500-394,000-394,000-384,000-375,000-365,000-346,000-355,000-35,600-346,000-33,900-333,000-287,000-313,000-300,200-294,900-286,600-278,400-277,100-273,900-264,400-264,400-233,800-233,800-233,800-233,800-204,600-204,600-204,600-204,600-181,600-181,600-181,600-181,600-160,900-160,900-160,900-160,900-141,700-141,700-141,700-141,700000-129,800000-122,000000-104,20000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,000
3,000
3,000
0
0
3,000
6,000
1,000
1,000
0
0
001,0001,0006,0003,000003,0003,0002,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000-213,000000-225,000000-237,0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
78,100
0
0
0
97,200
0
0
0
-93,400
0
0
0
-69,900
-69,800
-70,300
-70,300
-50,600
-50,700
-70,400
-70,300
-49,300
-57,200
-57,300
-56,400
-33,000
-32,900
-33,100
-33,700
-5,600
-40,400
-6,300
-418,300
282,500
283,200
342,400
269,300
297,400
288,300
314,300
335,800
331,000
288,000
354,000
-70,300
364,000
16,700
373,100
375,800
361,000
374,300
370,000
370,000
366,000
379,900
380,500
393,500
381,000
392,000
-7,100
376,900
392,000
381,900
382,200
381,200
411,000
414,100
-35,900
-35,600
-593,000
-587,700
-585,300
-161,300
-156,000
-149,600
-151,600
-150,400
-113,000
-106,000
-102,100
-93,700
-83,000
-66,000
-55,900
-52,900
-38,000
-27,900
-34,800
-132,700
-230,000
-229,000
-227,000
-248,400
-260,000
-312,300
-398,400
-416,300
-417,000
-459,500
-516,200
-416,500
-543,000
-556,600
-752,000
-754,800
-756,000
-737,600
-714,100
-700,800
-695,000
-683,000
-724,000
-719,000
-708,000
-693,000
-882,000
-944,000
-1,129,000
-1,332,000
-1,835,000
-1,855,000
-2,187,000
-2,421,000
-2,661,000
-2,777,000
-2,778,000
-86,000
-83,000
-109,000
-108,000
-107,000
-226,000
-304,000
-300,000
-284,000
-274,000
-263,000
-258,000
-248,000
-243,000
-240,000
-237,000
-230,000
-228,000
-226,000
-225,000
-221,000
-217,000
-213,000
-212,000
-209,000
-244,000
-598,000
-598,000-244,000-209,000-212,000-213,000-217,000-221,000-225,000-226,000-228,000-230,000-237,000-240,000-243,000-248,000-258,000-263,000-274,000-284,000-300,000-304,000-226,000-107,000-108,000-109,000-83,000-86,000-2,778,000-2,777,000-2,661,000-2,421,000-2,187,000-1,855,000-1,835,000-1,332,000-1,129,000-944,000-882,000-693,000-708,000-719,000-724,000-683,000-695,000-700,800-714,100-737,600-756,000-754,800-752,000-556,600-543,000-416,500-516,200-459,500-417,000-416,300-398,400-312,300-260,000-248,400-227,000-229,000-230,000-132,700-34,800-27,900-38,000-52,900-55,900-66,000-83,000-93,700-102,100-106,000-113,000-150,400-151,600-149,600-156,000-161,300-585,300-587,700-593,000-35,600-35,900414,100411,000381,200382,200381,900392,000376,900-7,100392,000381,000393,500380,500379,900366,000370,000370,000374,300361,000375,800373,10016,700364,000-70,300354,000288,000331,000335,800314,300288,300297,400269,300342,400283,200282,500-418,300-6,300-40,400-5,600-33,700-33,100-32,900-33,000-56,400-57,300-57,200-49,300-70,300-70,400-50,700-50,600-70,300-70,300-69,800-69,900000-93,40000097,20000078,10000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-04-30)

Gross Profit (+$)
totalRevenue4,228,000
Cost of Revenue-1,734,000
Gross Profit2,494,0002,494,000
 
Operating Income (+$)
Gross Profit2,494,000
Operating Expense-1,367,000
Operating Income1,127,0001,127,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative742,000
Selling And Marketing Expenses506,000
Operating Expense1,367,0001,248,000
 
Net Interest Income (+$)
Interest Income9,000
Interest Expense-81,000
Other Finance Cost-9,000
Net Interest Income-81,000
 
Pretax Income (+$)
Operating Income1,127,000
Net Interest Income-81,000
Other Non-Operating Income Expenses9,000
Income Before Tax (EBT)1,017,0001,237,000
EBIT - interestExpense = 1,046,000
1,017,000
864,000
Interest Expense81,000
Earnings Before Interest and Taxes (EBIT)1,127,0001,098,000
Earnings Before Interest and Taxes (EBITDA)1,098,000
 
After tax Income (+$)
Income Before Tax1,017,000
Tax Provision-234,000
Net Income From Continuing Ops783,000783,000
Net Income783,000
Net Income Applicable To Common Shares783,000
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses3,101,000
Total Other Income/Expenses Net-110,00072,000
 

Technical Analysis of Brown-forman
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Brown-forman. The general trend of Brown-forman is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Brown-forman's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Brown-Forman Corporation.

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

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

The bullish price targets are: 53.41 < 56.15 < 56.46.

The bearish price targets are: .

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Brown-Forman Corporation Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Brown-Forman Corporation. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Brown-Forman Corporation Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Brown-Forman Corporation. The current macd is -1.55211105.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Brown-forman price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Brown-forman. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Brown-forman price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Brown-Forman Corporation Daily Moving Average Convergence/Divergence (MACD) ChartBrown-Forman Corporation Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Brown-Forman Corporation. The current adx is 32.95.

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

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

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Brown-Forman Corporation. The current sar is 54.70.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Brown-Forman Corporation Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Brown-Forman Corporation. The current rsi is 35.65. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Brown-Forman Corporation Daily Relative Strength Index (RSI) ChartBrown-Forman Corporation Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Brown-Forman Corporation. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 2/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Brown-forman price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Brown-Forman Corporation Daily Stochastic Oscillator ChartBrown-Forman Corporation Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Brown-Forman Corporation. The current cci is -70.37324048.

Brown-Forman Corporation Daily Commodity Channel Index (CCI) ChartBrown-Forman Corporation Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Brown-Forman Corporation. The current cmo is -28.83199727.

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

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Brown-Forman Corporation Daily Chande Momentum Oscillator (CMO) ChartBrown-Forman Corporation Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Brown-Forman Corporation. The current willr is -71.05263158.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Brown-forman is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Brown-Forman Corporation Daily Williams %R ChartBrown-Forman Corporation Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Brown-Forman Corporation.

Brown-Forman Corporation Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Brown-Forman Corporation. The current atr is 1.08647821.

Brown-Forman Corporation Daily Average True Range (ATR) ChartBrown-Forman Corporation Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Brown-Forman Corporation. The current obv is -1,810,298.

Brown-Forman Corporation Daily On-Balance Volume (OBV) ChartBrown-Forman Corporation Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Brown-Forman Corporation. The current mfi is 27.66.

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

  • MFI < 50: -1
Brown-Forman Corporation Daily Money Flow Index (MFI) ChartBrown-Forman Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Brown-Forman Corporation.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-03WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-07WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside

6.3. Candlestick Patterns

Brown-Forman Corporation Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5035.647
Ma 20Greater thanMa 5055.158
Ma 50Greater thanMa 10057.018
Ma 100Greater thanMa 20058.239
OpenGreater thanClose52.970
Total1/5 (20.0%)
Penke

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