Bunge Limited
Buy, Hold or Sell?

Let's analyse Bunge together

Penke I guess you are interested in Bunge Limited. 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 Bunge Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Bunge (30 sec.)

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

How much money do you get?

$2.54

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$80.37

Expected worth in 1 year

$95.25

How sure are you?

60.0%

+ What do you gain per year?

Total Gains per Share

$17.42

Return On Investment

16.4%

For what price can you sell your share?

Current Price per Share

$106.51

Expected price per share

$87.30 - $114.08

How sure are you?

50%

1. Valuation of Bunge (5 min.)

Live pricePrice per Share (EOD)

$106.51

Book Value per Share

$80.37

Intrinsic Value Per Share

$-108.17 - $926.71

Total Value Per Share

$-27.80 - $1,007.08

My calculation of the intrinsic value of Bunge is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($-2.05) 3Y: ($-3.92) TTM: ($3.60)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.02) 3Y: ($1.48) TTM: ($3.04)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-14.97	$6.42	$-15.41 - $15.49
2	$-28.83	$35.25	$-15.13 - $39.19
3	$-41.66	$85.18	$-14.84 - $62.89
4	$-53.54	$154.95	$-14.56 - $86.60
5	$-64.53	$243.36	$-14.28 - $110.30
6	$-74.69	$349.26	$-13.99 - $134.00
7	$-84.08	$471.57	$-13.71 - $157.71
8	$-92.76	$609.24	$-13.42 - $181.41
9	$-100.77	$761.27	$-13.14 - $205.11
10	$-108.17	$926.71	$-12.86 - $228.82

2. Growth of Bunge (5 min.)

Is Bunge growing?

	Current year	Previous year	Grow	Grow %
How rich?	$11.8b	$9.4b	$1.7b	15.7%

How much money is Bunge making?

	Current year	Previous year	Grow	Grow %
Making money	$560.7m	$402.5m	$158.2m	28.2%
Net Profit Margin	3.8%	2.4%	-	-

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

Quarterly Yearly

3. Financial Health of Bunge (5 min.)

4. Comparing to competitors in the Farm Products industry (5 min.)

Industry Rankings (Farm Products)

Richest
#5 / 243

Most Revenue
#6 / 243

Most Profit
#6 / 243

Most Efficient
#91 / 243

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

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

What can you expect buying and holding a share of Bunge?

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

Speculation

The Price per Share of Bunge is $106.51. 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 Bunge.
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 Bunge, 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 $80.37. Based on the TTM, the Book Value Change Per Share is $3.72 per quarter. Based on the YOY, the Book Value Change Per Share is $3.50 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 $0.64 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Bunge.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	4.19	3.9%	3.72	3.5%	2.63	2.5%	1.84	1.7%	1.30	1.2%
Usd Book Value Change Per Share	6.69	6.3%	3.72	3.5%	3.50	3.3%	1.76	1.7%	0.32	0.3%
Usd Dividend Per Share	0.65	0.6%	0.64	0.6%	0.57	0.5%	0.57	0.5%	0.51	0.5%
Usd Total Gains Per Share	7.34	6.9%	4.35	4.1%	4.08	3.8%	2.32	2.2%	0.83	0.8%
Usd Price Per Share	100.95	-	99.77	-	95.96	-	76.57	-	74.42	-
Price to Earnings Ratio	6.02	-	7.13	-	10.68	-	7.02	-	0.48	-
Price-to-Total Gains Ratio	13.76	-	-80.04	-	123.28	-	-1.99	-	6.23	-
Price to Book Ratio	1.26	-	1.34	-	1.55	-	1.46	-	1.42	-
Price-to-Total Gains Ratio	13.76	-	-80.04	-	123.28	-	-1.99	-	6.23	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	106.51
Number of shares	9

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.64	0.57
Usd Book Value Change Per Share	3.72	1.76
Usd Total Gains Per Share	4.35	2.32
Gains per Quarter (9 shares)	39.19	20.91
Gains per Year (9 shares)	156.75	83.66

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	23	134	147	20	63	74
2	46	268	304	41	127	158
3	69	402	461	61	190	242
4	92	535	618	81	253	326
5	114	669	775	102	317	410
6	137	803	932	122	380	494
7	160	937	1089	142	443	578
8	183	1071	1246	163	507	662
9	206	1205	1403	183	570	746
10	229	1339	1560	203	633	830

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	17.0	3.0	0.0	85.0%	31.0	9.0	0.0	77.5%	81.0	12.0	0.0	87.1%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	10.0	2.0	0.0	83.3%	13.0	7.0	0.0	65.0%	21.0	19.0	0.0	52.5%	58.0	34.0	1.0	62.4%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	90.0	0.0	3.0	96.8%
Total Gains per Share	3.0	1.0	0.0	75.0%	11.0	1.0	0.0	91.7%	15.0	5.0	0.0	75.0%	24.0	16.0	0.0	60.0%	62.0	31.0	0.0	66.7%

Fundamentals of Bunge

About Bunge Limited

https://www.bunge.com
Farm Products
23000
1391 Timberlake Manor Parkway, Chesterfield, MO, United States, 63017
Google Maps Bing Maps

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals. This segment offers its products for animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing and biofuel companies for biofuel production applications. The Refined and Specialty Oils segment sells packaged and bulk oils and fats that comprise cooking oils, shortenings, margarines, mayonnaise, renewable diesel feedstocks, and other products for baked goods companies, snack food producers, confectioners, restaurant chains, foodservice operators, infant nutrition companies, and other food manufacturers, as well as grocery chains, wholesalers, distributors, and other retailers. This segment also refines and fractionates palm oil, palm kernel oil, coconut oil, and shea butter, and olive oil; and produces specialty ingredients derived from vegetable oils, such as lecithin. The Milling segment provides wheat flours and bakery mixes; corn milling products that comprise dry-milled corn meals and flours, wet-milled masa and flours, and flaking and brewer's grits, as well as soy-fortified corn meal, corn-soy blends, and other products; whole grain and fiber ingredients; die-cut pellets; and non-GMO products. The Sugar and Bioenergy segment produces sugar and ethanol; and generates electricity from burning sugarcane bagasse. Bunge Global SA was founded in 1818 and is headquartered in Chesterfield, Missouri.

Fundamental data was last updated by Penke on 2024-04-13 07:23:05.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Bunge Limited.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Bunge to the Farm Products industry mean.
A Net Profit Margin of 4.1% means that $0.04 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Bunge Limited:

The MRQ is 4.1%. The company is making a profit. +1
The TTM is 3.8%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	4.1%	TTM	3.8%	+0.4%
TTM	3.8%	YOY	2.4%	+1.3%
TTM	3.8%	5Y	1.9%	+1.9%
5Y	1.9%	10Y	1.5%	+0.4%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	4.1%	1.7%	+2.4%
TTM	3.8%	2.0%	+1.8%
YOY	2.4%	3.4%	-1.0%
5Y	1.9%	2.2%	-0.3%
10Y	1.5%	2.7%	-1.2%

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

Revenue is the amount of profit Bunge generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Bunge earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Bunge to the Farm Products industry mean.
Can be used to compare companies within the Farm Products industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Bunge. If profit margins remain low (compared to the Farm Products industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Bunge is 0.04. This means that Bunge earned $0.04 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Farm Products industry is 1.7%.
What is the trend?
The trend is important because it shows you how Bunge is performing over time. The most recent quarter might be important if Bunge released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Bunge up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Bunge with other companies in the same industry (Farm Products).
Net profit margin should rise over the years.
Can be influenced when Bunge sells assets (profit will increase while costs remain the same).
It won’t show what part of Bunge is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Bunge

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Bunge = 616,000
Total revenue MRQ Bunge = 14,934,000
$616,000 / $14,934,000 = 0.04 or 4.1%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Bunge is using its assets to generate profit.

Above 5% is considered healthy but always compare Bunge to the Farm Products industry mean.
2.4% Return on Assets means that Bunge generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Bunge Limited:

The MRQ is 2.4%. Using its assets, the company is less efficient in making profit.
The TTM is 2.2%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	2.4%	TTM	2.2%	+0.3%
TTM	2.2%	YOY	1.5%	+0.7%
TTM	2.2%	5Y	1.1%	+1.1%
5Y	1.1%	10Y	0.9%	+0.2%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	2.4%	0.6%	+1.8%
TTM	2.2%	0.9%	+1.3%
YOY	1.5%	1.4%	+0.1%
5Y	1.1%	1.1%	0.0%
10Y	0.9%	1.2%	-0.3%

Shows how efficient Bunge is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Bunge to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Bunge is using its resources to generate profit. If the return on assets (2.4%) from Bunge are higher than the Farm Products mean (0.6%) that means Bunge is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Bunge is 2.4%. This means the company generated $0.02 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Farm Products industry is 0.6%.
What is the trend?
The trend is important because it shows you how Bunge is performing over time. The most recent quarter might be important if Bunge released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Bunge up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Bunge

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

Income statement
Balance sheet

Net income MRQ (income statement) from Bunge = 616,000
Total assets MRQ (balance sheet) from Bunge = 25,372,000
616,000 / 25,372,000 = 0.02 or 2.4%

ROA is an important ratio as it will tell you how effectively Bunge is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Bunge is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Bunge to the Farm Products industry mean.
5.7% Return on Equity means Bunge generated $0.06 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Bunge Limited:

The MRQ is 5.7%. Using its investors money, the company is less efficient in making profit.
The TTM is 5.1%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	5.7%	TTM	5.1%	+0.6%
TTM	5.1%	YOY	4.5%	+0.6%
TTM	5.1%	5Y	2.9%	+2.2%
5Y	2.9%	10Y	2.3%	+0.6%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	5.7%	1.8%	+3.9%
TTM	5.1%	2.1%	+3.0%
YOY	4.5%	2.7%	+1.8%
5Y	2.9%	2.2%	+0.7%
10Y	2.3%	2.3%	+0.0%

Shows how efficient Bunge is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Bunge to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Farm Products industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Bunge is 5.7%. This means Bunge generated $0.06 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Farm Products industry is 1.8%.
What is the trend?
The trend is important because it shows you how Bunge is performing over time. The most recent quarter might be important if Bunge released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Bunge up to 10 years back (depending if Bunge existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Bunge

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Bunge = 616,000
Shareholders equity (balance sheet) MRQ Bunge = 10,851,000
616,000 / 10,851,000 = 0.06 or 5.7%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Bunge Limited.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Bunge is operating .

Measures how much profit Bunge 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 Bunge to the Farm Products industry mean.
An Operating Margin of 4.3% means the company generated $0.04 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Bunge Limited:

The MRQ is 4.3%. The company is operating less efficient.
The TTM is 5.1%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	4.3%	TTM	5.1%	-0.8%
TTM	5.1%	YOY	3.6%	+1.5%
TTM	5.1%	5Y	3.0%	+2.1%
5Y	3.0%	10Y	2.4%	+0.6%

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	4.3%	3.4%	+0.9%
TTM	5.1%	3.5%	+1.6%
YOY	3.6%	5.0%	-1.4%
5Y	3.0%	4.0%	-1.0%
10Y	2.4%	3.8%	-1.4%

Measures how efficient Bunge is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Bunge to the Farm Products industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Bunge is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Bunge is 4.3%. This means that Bunge earned $0.04 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Farm Products industry is 3.4%.
What is the trend?
The trend is important because it shows you how Bunge is performing over time. The most recent quarter might be important if Bunge released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Bunge up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Bunge

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Bunge = 645,000
Total revenue MRQ Bunge = 14,934,000
$645,000 / $14,934,000 = 0.04 or 4.3%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Bunge is keeping operating costs low.

Below 1 is considered healthy (always compare to Farm Products industry mean).
An Operation Ratio of 0.96 means that the operating costs are $0.96 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Bunge Limited:

The MRQ is 0.957. The company is less efficient in keeping operating costs low.
The TTM is 0.949. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.957	TTM	0.949	+0.007
TTM	0.949	YOY	0.965	-0.016
TTM	0.949	5Y	0.973	-0.023
5Y	0.973	10Y	0.976	-0.004

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	0.957	1.602	-0.645
TTM	0.949	1.543	-0.594
YOY	0.965	1.492	-0.527
5Y	0.973	1.531	-0.558
10Y	0.976	1.344	-0.368

Measures how efficient Bunge is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Bunge to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Bunge is 95.7%. This means that Bunge earned $0.96 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Farm Products industry is 1.60.
What is the trend?
The trend is important because it shows you how Bunge is performing over time. The most recent quarter might be important if Bunge released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Bunge up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Bunge

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(13,794,000 +495,000) \ 14,934,000 = 0.96

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Bunge Limited.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Farm Products industry mean).
A Current Ratio of 2.13 means the company has $2.13 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Bunge Limited:

The MRQ is 2.127. The company is able to pay all its short-term debts. +1
The TTM is 2.012. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	2.127	TTM	2.012	+0.115
TTM	2.012	YOY	1.597	+0.415
TTM	2.012	5Y	1.646	+0.365
5Y	1.646	10Y	1.572	+0.074

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	2.127	1.592	+0.535
TTM	2.012	1.598	+0.414
YOY	1.597	1.708	-0.111
5Y	1.646	1.683	-0.037
10Y	1.572	1.531	+0.041

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

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Farm Products industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Bunge if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Bunge is 2.13. This means Bunge has $2.13 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Farm Products industry is 1.59.
What is the trend?
The trend is important because it shows you how Bunge is performing over time. The most recent quarter might be important if Bunge released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Bunge up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Bunge

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
16,350,000 \ 7,687,000) = 2.13

The current ratio measures if Bunge is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Bunge is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Bunge does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Bunge is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare Bunge to the Farm Products industry mean.
A Quick Ratio of 0.76 means the company can pay off $0.76 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Bunge Limited:

The MRQ is 0.762. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.599. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.762	TTM	0.599	+0.162
TTM	0.599	YOY	0.348	+0.252
TTM	0.599	5Y	0.402	+0.197
5Y	0.402	10Y	0.429	-0.027

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	0.762	0.421	+0.341
TTM	0.599	0.457	+0.142
YOY	0.348	0.549	-0.201
5Y	0.402	0.574	-0.172
10Y	0.429	0.576	-0.147

1.4. Solvency of Bunge Limited.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Bunge to Farm Products industry mean.
A Debt to Asset Ratio of 0.53 means that Bunge assets are financed with 53.4% credit (debt) and the remaining percentage (100% - 53.4%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Bunge Limited:

The MRQ is 0.534. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.563. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.534	TTM	0.563	-0.029
TTM	0.563	YOY	0.638	-0.074
TTM	0.563	5Y	0.666	-0.102
5Y	0.666	10Y	0.651	+0.015

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	0.534	0.494	+0.040
TTM	0.563	0.482	+0.081
YOY	0.638	0.488	+0.150
5Y	0.666	0.490	+0.176
10Y	0.651	0.493	+0.158

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Bunge to Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Bunge is 0.53. This means means that Bunge is financed with 53.4% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Farm Products industry is 159.2%.
What is the trend?
The trend is important because it shows you how Bunge is performing over time. The most recent quarter might be important if Bunge released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Bunge up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Bunge has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Bunge

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

Balance sheet
Debt to asset ratio = total debt \ total assets
13,557,000 \ 25,372,000 = 53.4% or 0.53.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

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

Below 2 is considered healthy but always compare Bunge to the Farm Products industry mean.
A Debt to Equity ratio of 124.9% means that company has $1.25 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Bunge Limited:

The MRQ is 1.249. The company is able to pay all its debts with equity. +1
The TTM is 1.324. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.249	TTM	1.324	-0.075
TTM	1.324	YOY	1.893	-0.569
TTM	1.324	5Y	2.142	-0.818
5Y	2.142	10Y	1.970	+0.173

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
MRQ	1.249	0.906	+0.343
TTM	1.324	0.939	+0.385
YOY	1.893	0.955	+0.938
5Y	2.142	1.022	+1.120
10Y	1.970	1.062	+0.908

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

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Bunge is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Bunge is 1.25. This means that Bunge can pay off $1.25 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm Products industry is 0.91.
What is the trend?
The trend is important because it shows you how Bunge is performing over time. The most recent quarter might be important if Bunge released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Bunge up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Bunge

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
13,557,000 \ 10,851,000 = 1.25 or 124.9%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Bunge Limited

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 Bunge generates.

Above 15 is considered overpriced but always compare Bunge to the Farm Products industry mean.
A PE ratio of 6.02 means the investor is paying $6.02 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Bunge Limited:

The EOD is 6.354. Based on the earnings, the company is cheap. +2
The MRQ is 6.023. Based on the earnings, the company is cheap. +2
The TTM is 7.130. Based on the earnings, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	6.354	MRQ	6.023	+0.332
MRQ	6.023	TTM	7.130	-1.107
TTM	7.130	YOY	10.677	-3.547
TTM	7.130	5Y	7.024	+0.106
5Y	7.024	10Y	0.475	+6.548

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
EOD	6.354	6.585	-0.231
MRQ	6.023	7.267	-1.244
TTM	7.130	8.431	-1.301
YOY	10.677	7.180	+3.497
5Y	7.024	10.569	-3.545
10Y	0.475	13.600	-13.125

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

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Bunge to the Farm Products industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Bunge is 6.02. This means the investor is paying $6.02 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm Products industry is 7.27.
What is the trend?
The trend is important because it shows you how Bunge is performing over time. The most recent quarter might be important if Bunge released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Bunge up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Bunge

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 147,000 = EPS
PE ratio MRQ = 6.02

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Bunge Limited:

The EOD is 3.588. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 3.400. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 1.874. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	3.588	MRQ	3.400	+0.187
MRQ	3.400	TTM	1.874	+1.526
TTM	1.874	YOY	-3.260	+5.134
TTM	1.874	5Y	-2.045	+3.920
5Y	-2.045	10Y	-3.425	+1.379

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
EOD	3.588	0.334	+3.254
MRQ	3.400	0.778	+2.622
TTM	1.874	-0.231	+2.105
YOY	-3.260	-0.607	-2.653
5Y	-2.045	-2.010	-0.035
10Y	-3.425	-1.505	-1.920

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Farm Products industry mean).
A PB ratio of 1.26 means the investor is paying $1.26 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Bunge Limited:

The EOD is 1.325. Based on the equity, the company is underpriced. +1
The MRQ is 1.256. Based on the equity, the company is underpriced. +1
The TTM is 1.337. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.325	MRQ	1.256	+0.069
MRQ	1.256	TTM	1.337	-0.081
TTM	1.337	YOY	1.550	-0.213
TTM	1.337	5Y	1.455	-0.119
5Y	1.455	10Y	1.425	+0.030

Compared to industry (Farm Products)

Period	Company	Industry (mean)	+/-
EOD	1.325	1.238	+0.087
MRQ	1.256	1.369	-0.113
TTM	1.337	1.342	-0.005
YOY	1.550	1.675	-0.125
5Y	1.455	1.580	-0.125
10Y	1.425	1.907	-0.482

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Bunge Limited

Institutions are holding 90.865% of the shares of Bunge Limited.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Capital World Investors	13.2234	0.3449	19212051	-784413	-3.9228
2023-12-31	Vanguard Group Inc	13.0464	0.0418	18954832	578065	3.1456
2023-12-31	BlackRock Inc	9.8505	0.0368	14311562	-139349	-0.9643
2023-12-31	State Street Corporation	4.6132	0.0329	6702368	-230926	-3.3307
2023-12-31	FMR Inc	3.5551	0.0401	5165189	-33479	-0.644
2023-12-31	UBS Asset Mgmt Americas Inc	2.3047	0.133	3348471	-155156	-4.4284
2023-12-31	Geode Capital Management, LLC	2.2377	0.0342	3251085	-4273	-0.1313
2023-12-31	Fidelity International Ltd	1.9815	0.3054	2878951	-116973	-3.9044
2023-12-31	Northern Trust Corp	1.8635	0.0495	2707395	-55677	-2.015
2023-12-31	Bank of New York Mellon Corp	1.8415	0.0548	2675502	-266840	-9.069
2023-12-31	Amvescap Plc.	1.698	0.0593	2467001	627693	34.1266
2023-12-31	Dimensional Fund Advisors, Inc.	1.4718	0.063	2138378	42592	2.0323
2023-12-31	Morgan Stanley - Brokerage Accounts	1.3677	0.0177	1987140	195906	10.9369
2023-12-31	Goldman Sachs Group Inc	1.1801	0.0155	1714578	960301	127.3141
2023-12-31	LSV Asset Management	0.9848	0.3152	1430760	664632	86.7521
2023-12-31	Bank of Montreal	0.9683	0.0434	1406854	-36418	-2.5233
2023-12-31	BMO Capital Markets Corp.	0.9683	0.0434	1406854	-36418	-2.5233
2023-12-31	Charles Schwab Investment Management Inc	0.9169	0.0341	1332082	-13694	-1.0176
2023-12-31	NORGES BANK	0.8733	0.0224	1268861	-596857	-31.9907
2023-12-31	Amundi	0.8504	0.055	1235566	-230279	-15.7096
Total		65.7971	1.7424	95595480	+368437	+0.4%

3.2. Funds holding Bunge Limited

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.5913	0.0308	5063184	-10511	-0.2072
2023-12-31	American Funds New Perspective A	3.5223	0.3957	4966000	-379457	-7.0987
2023-12-31	Capital Group New Perspective Comp	3.5223	0.3957	4966000	-379457	-7.0987
2023-12-31	UBS: Global Equity	3.0632	1.2874	4318726	-686853	-13.7217
2023-12-31	American Funds Income Fund of Amer A	3.0238	0.3591	4263175	0	0
2024-02-29	Vanguard Small Cap Index	2.954	0.2796	4164703	42570	1.0327
2023-12-31	American Funds Fundamental Invs A	2.6471	0.3013	3732000	-415399	-10.0159
2023-12-31	Capital Group Fundamental Invtrs Comp	2.6471	0.3013	3732000	-415399	-10.0159
2024-02-29	Vanguard Institutional 500 Index Trust	2.5745	0.032	3629712	37764	1.0514
2024-03-28	Pacer US Cash Cows 100 ETF	2.3484	1.5032	3310906	5964	0.1805
2023-12-31	Capital Group World Growth & Inc Cmp	2.182	0.2642	3076309	0	0
2023-12-31	American Funds Capital World Gr&Inc A	2.182	0.2642	3076309	0	0
2024-02-29	Vanguard Small Cap Value Index Inv	2.0132	0.5037	2838253	14989	0.5309
2023-12-31	American Funds New World A	1.3774	0.3665	1942000	0	0
2024-03-28	SPDR® S&P 500 ETF Trust	1.2522	0.0337	1765456	10320	0.588
2024-02-29	Fidelity 500 Index	1.2359	0.0319	1742506	17535	1.0165
2024-03-28	iShares Core S&P 500 ETF	1.068	0.0337	1505767	11008	0.7364
2024-03-28	Invesco S&P 500® Equal Weight ETF	0.8174	0.2168	1152416	2880	0.2505
2024-03-28	FlexShares Mstar Glbl Upstrm Nat Res ETF	0.7403	1.6216	1043784	0	0
2024-03-28	Consumer Staples Select Sector SPDR® ETF	0.6935	0.643	977787	720	0.0737
Total		43.4559	8.8654	61266993	-2143326	-3.5%

3.3. Insider Transactions

Insiders are holding 0.722% of the shares of Bunge Limited.

Date	Owner	Type	Amount	Price	Post Transaction Amount	Link
2023-08-16	Christos Dimopoulos	SELL	20000	111.89

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Bunge Limited compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	6.685	3.719	+80%	3.505	+91%	1.759	+280%	0.317	+2011%
Book Value Per Share	-	-	80.374	74.774	+7%	62.055	+30%	52.661	+53%	52.467	+53%
Current Ratio	-	-	2.127	2.012	+6%	1.597	+33%	1.646	+29%	1.572	+35%
Debt To Asset Ratio	-	-	0.534	0.563	-5%	0.638	-16%	0.666	-20%	0.651	-18%
Debt To Equity Ratio	-	-	1.249	1.324	-6%	1.893	-34%	2.142	-42%	1.970	-37%
Dividend Per Share	-	-	0.653	0.636	+3%	0.570	+14%	0.565	+16%	0.510	+28%
Eps	-	-	4.190	3.724	+13%	2.630	+59%	1.845	+127%	1.299	+223%
Free Cash Flow Per Share	-	-	7.422	3.600	+106%	-9.946	+234%	-4.126	+156%	-2.054	+128%
Free Cash Flow To Equity Per Share	-	-	3.320	2.220	+50%	-11.232	+438%	-4.873	+247%	-2.523	+176%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	0.994	+1%	0.967	+3%
Intrinsic Value_10Y_max	-	-	926.709	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-108.173	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	6.425	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-14.967	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	85.180	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-41.662	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	243.355	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-64.527	-	-	-	-	-	-	-	-
Market Cap	15016311497.920	+1%	14839650000.000	15027814486.310	-1%	14686493264.338	+1%	11497373933.226	+29%	11035332238.545	+34%
Net Profit Margin	-	-	0.041	0.038	+10%	0.024	+69%	0.019	+119%	0.015	+174%
Operating Margin	-	-	0.043	0.051	-16%	0.036	+21%	0.030	+43%	0.024	+80%
Operating Ratio	-	-	0.957	0.949	+1%	0.965	-1%	0.973	-2%	0.976	-2%
Pb Ratio	1.325	+5%	1.256	1.337	-6%	1.550	-19%	1.455	-14%	1.425	-12%
Pe Ratio	6.354	+5%	6.023	7.130	-16%	10.677	-44%	7.024	-14%	0.475	+1167%
Price Per Share	106.510	+5%	100.950	99.768	+1%	95.960	+5%	76.570	+32%	74.423	+36%
Price To Free Cash Flow Ratio	3.588	+5%	3.400	1.874	+81%	-3.260	+196%	-2.045	+160%	-3.425	+201%
Price To Total Gains Ratio	14.514	+5%	13.757	-80.044	+682%	123.284	-89%	-1.986	+114%	6.233	+121%
Quick Ratio	-	-	0.762	0.599	+27%	0.348	+119%	0.402	+90%	0.429	+78%
Return On Assets	-	-	0.024	0.022	+12%	0.015	+61%	0.011	+125%	0.009	+183%
Return On Equity	-	-	0.057	0.051	+11%	0.045	+25%	0.029	+97%	0.023	+145%
Total Gains Per Share	-	-	7.338	4.354	+69%	4.075	+80%	2.324	+216%	0.826	+788%
Usd Book Value	-	-	11815000000.000	11258750000.000	+5%	9495000000.000	+24%	7896400000.000	+50%	7768275000.000	+52%
Usd Book Value Change Per Share	-	-	6.685	3.719	+80%	3.505	+91%	1.759	+280%	0.317	+2011%
Usd Book Value Per Share	-	-	80.374	74.774	+7%	62.055	+30%	52.661	+53%	52.467	+53%
Usd Dividend Per Share	-	-	0.653	0.636	+3%	0.570	+14%	0.565	+16%	0.510	+28%
Usd Eps	-	-	4.190	3.724	+13%	2.630	+59%	1.845	+127%	1.299	+223%
Usd Free Cash Flow	-	-	1091000000.000	536500000.000	+103%	-1526000000.000	+240%	-624500000.000	+157%	-306550000.000	+128%
Usd Free Cash Flow Per Share	-	-	7.422	3.600	+106%	-9.946	+234%	-4.126	+156%	-2.054	+128%
Usd Free Cash Flow To Equity Per Share	-	-	3.320	2.220	+50%	-11.232	+438%	-4.873	+247%	-2.523	+176%
Usd Market Cap	15016311497.920	+1%	14839650000.000	15027814486.310	-1%	14686493264.338	+1%	11497373933.226	+29%	11035332238.545	+34%
Usd Price Per Share	106.510	+5%	100.950	99.768	+1%	95.960	+5%	76.570	+32%	74.423	+36%
Usd Profit	-	-	616000000.000	560750000.000	+10%	402500000.000	+53%	289750000.000	+113%	210425000.000	+193%
Usd Revenue	-	-	14934000000.000	14884500000.000	+0%	16808000000.000	-11%	13423300000.000	+11%	12606950000.000	+18%
Usd Total Gains Per Share	-	-	7.338	4.354	+69%	4.075	+80%	2.324	+216%	0.826	+788%
	EOD	+4 -4	MRQ	TTM	+29 -6	YOY	+31 -4	5Y	+34 -2	10Y	+33 -3

4.2. Fundamental Score

Let's check the fundamental score of Bunge Limited based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	6.354
Price to Book Ratio (EOD)	Between	0-1	1.325
Net Profit Margin (MRQ)	Greater than	0	0.041
Operating Margin (MRQ)	Greater than	0	0.043
Quick Ratio (MRQ)	Greater than	1	0.762
Current Ratio (MRQ)	Greater than	1	2.127
Debt to Asset Ratio (MRQ)	Less than	1	0.534
Debt to Equity Ratio (MRQ)	Less than	1	1.249
Return on Equity (MRQ)	Greater than	0.15	0.057
Return on Assets (MRQ)	Greater than	0.05	0.024
Total			5/10 (50.0%)

Create your own Stock Scanner

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

4.3. Technical Score

Let's check the technical score of Bunge Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	67.082
Ma 20	Greater than	Ma 50	103.974
Ma 50	Greater than	Ma 100	97.359
Ma 100	Greater than	Ma 200	97.987
Open	Greater than	Close	105.630
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

Latest Balance Sheet

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

Summary

Total Assets	25,372,000
Total Liabilities	13,557,000
Total Stockholder Equity	10,851,000

	As reported
Total Liabilities	13,557,000
Total Stockholder Equity	+ 10,851,000
Total Assets	= 25,372,000

Assets

Total Assets	25,372,000
Total Current Assets	16,350,000
Long-term Assets	9,022,000

Total Current Assets

Total Current Assets (as reported)	16,350,000
Cash And Cash Equivalents	2,623,000
Short-term Investments	105,000
Net Receivables	3,024,000
Inventory	7,567,000
Other Current Assets	3,031,000
Total Current Assets (calculated)	16,350,000
+/-	0

Long-term Assets

Long-term Assets (as reported)	9,022,000
Property Plant Equipment	5,467,000
Goodwill	489,000
Long Term Investments	1,422,000
Intangible Assets	398,000
Long-term Assets Other	285,000
Long-term Assets (calculated)	8,061,000
+/-	961,000

Liabilities & Shareholders' Equity

Total Current Liabilities	7,687,000
Long-term Liabilities	5,870,000
Total Stockholder Equity	10,851,000

Total Current Liabilities

Total Current Liabilities (as reported)	7,687,000
Short-term Debt	1,110,000
Short Long Term Debt	802,000
Accounts payable	3,664,000
Other Current Liabilities	2,450,000
Total Current Liabilities (calculated)	8,026,000
+/-	339,000

Long-term Liabilities

Long-term Liabilities (as reported)	5,870,000
Long term Debt	4,080,000
Capital Lease Obligations	874,000
Long-term Liabilities Other	108,000
Long-term Liabilities (calculated)	5,062,000
+/-	808,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	10,851,000
Common Stock	1,000
Retained Earnings	12,077,000
Accumulated Other Comprehensive Income	-6,054,000
Other Stockholders Equity	4,826,000
Total Stockholder Equity (calculated)	10,850,000
+/-	1,000

Other

Capital Stock	1,000
Cash and Short Term Investments	2,728,000
Common Stock Shares Outstanding	147,000
Current Deferred Revenue	463,000
Liabilities and Stockholders Equity	25,372,000
Net Debt	3,133,000
Net Invested Capital	15,732,000
Net Working Capital	8,663,000
Property Plant and Equipment Gross	10,153,000
Short Long Term Debt Total	5,756,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

> Total Assets

5,854,000
5,147,000
5,585,000
5,306,000
5,443,000
5,483,000
5,674,000
5,342,000
8,349,000
8,562,000
9,078,000
8,681,000
9,884,000
11,225,000
11,225,000
10,808,000
10,907,000
11,050,000
12,023,000
12,203,000
11,446,000
11,579,000
12,424,000
13,221,000
14,347,000
15,386,000
18,029,000
20,826,000
21,991,000
23,647,000
27,662,000
24,640,000
20,230,000
18,189,000
21,808,000
21,860,000
21,286,000
22,572,000
22,094,000
23,101,000
26,001,000
26,473,000
26,508,000
24,901,000
23,275,000
25,850,000
26,713,000
28,635,000
24,081,000
29,899,000
30,343,000
28,451,000
26,781,000
27,455,000
26,011,000
24,145,000
21,485,000
18,481,000
19,429,000
18,439,000
17,910,000
18,939,000
22,095,000
20,045,000
19,188,000
20,620,000
20,433,000
20,552,000
18,871,000
23,084,000
22,124,000
21,446,000
19,425,000
20,535,000
20,424,000
18,634,000
18,299,000
18,596,000
18,559,000
20,761,000
23,655,000
24,533,000
25,085,000
24,109,000
23,786,000
28,724,000
27,419,000
24,792,000
24,580,000
27,110,000
25,712,000
25,133,000
25,372,000

25,372,000

25,133,000

25,712,000

27,110,000

24,580,000

24,792,000

27,419,000

28,724,000

23,786,000

24,109,000

25,085,000

24,533,000

23,655,000

20,761,000

18,559,000

18,596,000

18,299,000

18,634,000

20,424,000

20,535,000

19,425,000

21,446,000

22,124,000

23,084,000

18,871,000

20,552,000

20,433,000

20,620,000

19,188,000

20,045,000

22,095,000

18,939,000

17,910,000

18,439,000

19,429,000

18,481,000

21,485,000

24,145,000

26,011,000

27,455,000

26,781,000

28,451,000

30,343,000

29,899,000

24,081,000

28,635,000

26,713,000

25,850,000

23,275,000

24,901,000

26,508,000

26,473,000

26,001,000

23,101,000

22,094,000

22,572,000

21,286,000

21,860,000

21,808,000

18,189,000

20,230,000

24,640,000

27,662,000

23,647,000

21,991,000

20,826,000

18,029,000

15,386,000

14,347,000

13,221,000

12,424,000

11,579,000

11,446,000

12,203,000

12,023,000

11,050,000

10,907,000

10,808,000

11,225,000

9,884,000

8,681,000

9,078,000

8,562,000

8,349,000

5,342,000

5,674,000

5,483,000

5,443,000

5,306,000

5,585,000

5,147,000

5,854,000

> Total Current Assets

0
2,843,000
3,338,000
3,294,000
3,284,000
3,258,000
3,715,000
3,739,000
5,449,000
6,091,000
5,952,000
5,416,000
6,418,000
7,779,000
7,779,000
7,041,000
6,668,000
6,770,000
7,506,000
7,319,000
6,564,000
6,371,000
7,167,000
7,804,000
8,393,000
9,119,000
11,460,000
13,760,000
14,518,000
15,873,000
19,508,000
17,282,000
13,176,000
11,066,000
13,326,000
12,506,000
11,783,000
11,422,000
12,956,000
13,326,000
15,815,000
15,903,000
15,636,000
15,173,000
13,128,000
14,751,000
16,360,000
18,046,000
14,065,000
19,793,000
20,683,000
19,486,000
17,662,000
18,191,000
16,672,000
15,617,000
13,166,000
11,090,000
11,818,000
11,506,000
10,904,000
11,423,000
13,868,000
11,923,000
11,092,000
12,008,000
11,914,000
11,985,000
10,403,000
13,376,000
13,518,000
13,111,000
11,068,000
11,239,000
11,107,000
10,826,000
10,230,000
11,100,000
11,468,000
13,501,000
16,181,000
17,285,000
17,555,000
16,534,000
16,427,000
20,890,000
19,732,000
17,195,000
16,758,000
19,040,000
17,200,000
16,624,000
16,350,000

16,350,000

16,624,000

17,200,000

19,040,000

16,758,000

17,195,000

19,732,000

20,890,000

16,427,000

16,534,000

17,555,000

17,285,000

16,181,000

13,501,000

11,468,000

11,100,000

10,230,000

10,826,000

11,107,000

11,239,000

11,068,000

13,111,000

13,518,000

13,376,000

10,403,000

11,985,000

11,914,000

12,008,000

11,092,000

11,923,000

13,868,000

11,423,000

10,904,000

11,506,000

11,818,000

11,090,000

13,166,000

15,617,000

16,672,000

18,191,000

17,662,000

19,486,000

20,683,000

19,793,000

14,065,000

18,046,000

16,360,000

14,751,000

13,128,000

15,173,000

15,636,000

15,903,000

15,815,000

13,326,000

12,956,000

11,422,000

11,783,000

12,506,000

13,326,000

11,066,000

13,176,000

17,282,000

19,508,000

15,873,000

14,518,000

13,760,000

11,460,000

9,119,000

8,393,000

7,804,000

7,167,000

6,371,000

6,564,000

7,319,000

7,506,000

6,770,000

6,668,000

7,041,000

7,779,000

6,418,000

5,416,000

5,952,000

6,091,000

5,449,000

3,739,000

3,715,000

3,258,000

3,284,000

3,294,000

3,338,000

2,843,000

Cash And Cash Equivalents

423,000
324,000
231,000
191,000
199,000
234,000
289,000
231,000
470,000
396,000
441,000
501,000
489,000
523,000
523,000
610,000
432,000
339,000
414,000
326,000
354,000
280,000
279,000
287,000
365,000
485,000
466,000
845,000
981,000
723,000
1,100,000
1,494,000
1,004,000
498,000
489,000
1,101,000
553,000
473,000
2,771,000
350,000
1,504,000
812,000
470,000
1,055,000
835,000
1,250,000
467,000
690,000
571,000
801,000
726,000
1,487,000
742,000
632,000
523,000
357,000
362,000
380,000
426,000
303,000
411,000
523,000
548,000
297,000
934,000
676,000
575,000
389,000
601,000
287,000
221,000
267,000
389,000
464,000
238,000
291,000
320,000
193,000
277,000
291,000
352,000
226,000
464,000
1,033,000
902,000
386,000
818,000
956,000
1,104,000
3,052,000
1,330,000
2,173,000
2,623,000

2,623,000

2,173,000

1,330,000

3,052,000

1,104,000

956,000

818,000

386,000

902,000

1,033,000

464,000

226,000

352,000

291,000

277,000

193,000

320,000

291,000

238,000

464,000

389,000

267,000

221,000

287,000

601,000

389,000

575,000

676,000

934,000

297,000

548,000

523,000

411,000

303,000

426,000

380,000

362,000

357,000

523,000

632,000

742,000

1,487,000

726,000

801,000

571,000

690,000

467,000

1,250,000

835,000

1,055,000

470,000

812,000

1,504,000

350,000

2,771,000

473,000

553,000

1,101,000

489,000

498,000

1,004,000

1,494,000

1,100,000

723,000

981,000

845,000

466,000

485,000

365,000

287,000

279,000

280,000

354,000

326,000

414,000

339,000

432,000

610,000

523,000

489,000

501,000

441,000

396,000

470,000

231,000

289,000

234,000

199,000

191,000

231,000

324,000

423,000

Short-term Investments

61,000
23,000
112,000
59,000
6,000
14,000
16,000
16,000
12,000
0
13,000
0
13,000
0
0
0
14,000
14,000
0
0
9,000
11,000
0
0
3,000
2,000
15,000
19,000
5,000
0
0
0
0
0
20,000
7,000
15,000
19,000
74,000
60,000
39,000
39,000
65,000
464,000
402,000
578,000
486,000
518,000
3,153,000
4,375,000
4,687,000
4,596,000
4,470,000
3,259,000
3,084,000
2,915,000
1,343,000
490,000
241,000
296,000
325,000
242,000
492,000
340,000
64,000
177,000
290,000
544,000
213,000
632,000
337,000
119,000
162,000
343,000
514,000
459,000
393,000
284,000
321,000
294,000
346,000
351,000
437,000
451,000
520,000
264,000
172,000
90,000
119,000
97,000
73,000
122,000
105,000

105,000

122,000

73,000

97,000

119,000

90,000

172,000

264,000

520,000

451,000

437,000

351,000

346,000

294,000

321,000

284,000

393,000

459,000

514,000

343,000

162,000

119,000

337,000

632,000

213,000

544,000

290,000

177,000

64,000

340,000

492,000

242,000

325,000

296,000

241,000

490,000

1,343,000

2,915,000

3,084,000

3,259,000

4,470,000

4,596,000

4,687,000

4,375,000

3,153,000

518,000

486,000

578,000

402,000

464,000

65,000

39,000

60,000

74,000

19,000

15,000

7,000

20,000

5,000

19,000

15,000

2,000

3,000

11,000

9,000

14,000

13,000

12,000

16,000

14,000

6,000

59,000

112,000

23,000

61,000

Net Receivables

0
742,000
700,000
784,000
881,000
811,000
767,000
649,000
1,168,000
1,270,000
1,370,000
1,355,000
1,495,000
1,587,000
1,587,000
1,936,000
1,928,000
1,799,000
1,802,000
2,081,000
1,702,000
1,611,000
1,690,000
2,008,000
1,879,000
2,447,000
2,782,000
2,997,000
2,909,000
3,343,000
3,997,000
4,143,000
2,868,000
1,939,000
2,098,000
2,381,000
2,363,000
2,368,000
2,489,000
3,003,000
3,401,000
3,138,000
3,037,000
2,515,000
3,179,000
2,908,000
2,805,000
3,689,000
2,471,000
2,957,000
3,010,000
2,350,000
2,144,000
2,617,000
3,426,000
2,442,000
1,971,000
1,794,000
1,933,000
1,908,000
1,717,000
1,958,000
2,006,000
2,131,000
1,676,000
2,119,000
2,240,000
2,561,000
1,501,000
1,686,000
2,442,000
2,263,000
1,637,000
2,238,000
2,198,000
2,296,000
1,687,000
1,616,000
1,853,000
1,623,000
1,717,000
2,617,000
2,526,000
2,431,000
2,117,000
2,976,000
2,916,000
2,852,000
2,829,000
2,789,000
2,599,000
2,509,000
3,024,000

3,024,000

2,509,000

2,599,000

2,789,000

2,829,000

2,852,000

2,916,000

2,976,000

2,117,000

2,431,000

2,526,000

2,617,000

1,717,000

1,623,000

1,853,000

1,616,000

1,687,000

2,296,000

2,198,000

2,238,000

1,637,000

2,263,000

2,442,000

1,686,000

1,501,000

2,561,000

2,240,000

2,119,000

1,676,000

2,131,000

2,006,000

1,958,000

1,717,000

1,908,000

1,933,000

1,794,000

1,971,000

2,442,000

3,426,000

2,617,000

2,144,000

2,350,000

3,010,000

2,957,000

2,471,000

3,689,000

2,805,000

2,908,000

3,179,000

2,515,000

3,037,000

3,138,000

3,401,000

3,003,000

2,489,000

2,368,000

2,363,000

2,381,000

2,098,000

1,939,000

2,868,000

4,143,000

3,997,000

3,343,000

2,909,000

2,997,000

2,782,000

2,447,000

1,879,000

2,008,000

1,690,000

1,611,000

1,702,000

2,081,000

1,802,000

1,799,000

1,928,000

1,936,000

1,587,000

1,495,000

1,355,000

1,370,000

1,270,000

1,168,000

649,000

767,000

811,000

881,000

784,000

700,000

742,000

Other Current Assets

534,000
562,000
494,000
676,000
746,000
560,000
622,000
877,000
1,305,000
1,952,000
1,256,000
1,101,000
1,567,000
1,600,000
1,719,000
1,609,000
1,526,000
1,660,000
1,549,000
1,715,000
1,637,000
1,540,000
1,790,000
1,979,000
2,316,000
1,935,000
2,894,000
3,706,000
4,056,000
4,599,000
4,954,000
4,047,000
3,268,000
3,320,000
3,728,000
3,893,000
3,499,000
4,382,000
2,980,000
4,262,000
872,000
5,234,000
5,155,000
5,356,000
424,000
4,225,000
5,158,000
5,552,000
3,775,000
4,839,000
5,098,000
5,172,000
4,455,000
5,231,000
654,000
4,916,000
3,988,000
410,000
3,775,000
3,986,000
4,013,000
3,893,000
325,000
410,000
3,645,000
475,000
505,000
277,000
3,227,000
4,451,000
218,000
200,000
3,171,000
214,000
235,000
193,000
3,113,000
3,789,000
189,000
4,729,000
6,268,000
236,000
5,681,000
5,056,000
4,742,000
220,000
286,000
328,000
4,381,000
4,247,000
4,465,000
4,393,000
3,031,000

3,031,000

4,393,000

4,465,000

4,247,000

4,381,000

328,000

286,000

220,000

4,742,000

5,056,000

5,681,000

236,000

6,268,000

4,729,000

189,000

3,789,000

3,113,000

193,000

235,000

214,000

3,171,000

200,000

218,000

4,451,000

3,227,000

277,000

505,000

475,000

3,645,000

410,000

325,000

3,893,000

4,013,000

3,986,000

3,775,000

410,000

3,988,000

4,916,000

654,000

5,231,000

4,455,000

5,172,000

5,098,000

4,839,000

3,775,000

5,552,000

5,158,000

4,225,000

424,000

5,356,000

5,155,000

5,234,000

872,000

4,262,000

2,980,000

4,382,000

3,499,000

3,893,000

3,728,000

3,320,000

3,268,000

4,047,000

4,954,000

4,599,000

4,056,000

3,706,000

2,894,000

1,935,000

2,316,000

1,979,000

1,790,000

1,540,000

1,637,000

1,715,000

1,549,000

1,660,000

1,526,000

1,609,000

1,719,000

1,600,000

1,567,000

1,101,000

1,256,000

1,952,000

1,305,000

877,000

622,000

560,000

746,000

676,000

494,000

562,000

534,000

> Long-term Assets

0
2,304,000
2,247,000
2,012,000
2,159,000
2,225,000
1,959,000
1,603,000
2,900,000
2,471,000
3,126,000
3,265,000
3,466,000
0
3,446,000
3,767,000
4,239,000
4,280,000
4,517,000
4,884,000
4,882,000
5,208,000
5,257,000
5,417,000
5,954,000
6,267,000
6,569,000
7,066,000
7,473,000
7,774,000
8,154,000
7,358,000
7,054,000
7,123,000
8,482,000
9,354,000
9,503,000
11,150,000
9,138,000
9,775,000
10,186,000
10,570,000
10,872,000
9,728,000
10,147,000
11,099,000
10,353,000
10,589,000
10,016,000
10,106,000
9,660,000
8,965,000
9,119,000
9,264,000
9,339,000
8,528,000
8,319,000
7,391,000
7,611,000
6,933,000
7,006,000
7,516,000
8,227,000
8,122,000
8,096,000
8,612,000
8,519,000
8,567,000
8,468,000
9,708,000
8,606,000
8,335,000
8,357,000
9,296,000
9,317,000
7,808,000
8,069,000
7,496,000
7,091,000
7,260,000
7,474,000
7,248,000
7,530,000
7,575,000
7,359,000
7,834,000
7,687,000
7,597,000
7,822,000
8,070,000
8,512,000
8,509,000
9,022,000

9,022,000

8,509,000

8,512,000

8,070,000

7,822,000

7,597,000

7,687,000

7,834,000

7,359,000

7,575,000

7,530,000

7,248,000

7,474,000

7,260,000

7,091,000

7,496,000

8,069,000

7,808,000

9,317,000

9,296,000

8,357,000

8,335,000

8,606,000

9,708,000

8,468,000

8,567,000

8,519,000

8,612,000

8,096,000

8,122,000

8,227,000

7,516,000

7,006,000

6,933,000

7,611,000

7,391,000

8,319,000

8,528,000

9,339,000

9,264,000

9,119,000

8,965,000

9,660,000

10,106,000

10,016,000

10,589,000

10,353,000

11,099,000

10,147,000

9,728,000

10,872,000

10,570,000

10,186,000

9,775,000

9,138,000

11,150,000

9,503,000

9,354,000

8,482,000

7,123,000

7,054,000

7,358,000

8,154,000

7,774,000

7,473,000

7,066,000

6,569,000

6,267,000

5,954,000

5,417,000

5,257,000

5,208,000

4,882,000

4,884,000

4,517,000

4,280,000

4,239,000

3,767,000

3,446,000

3,466,000

3,265,000

3,126,000

2,471,000

2,900,000

1,603,000

1,959,000

2,225,000

2,159,000

2,012,000

2,247,000

2,304,000

Property Plant Equipment

1,859,000
1,765,000
1,691,000
1,541,000
1,669,000
1,668,000
1,439,000
1,221,000
2,056,000
1,750,000
1,873,000
1,900,000
1,882,000
2,066,000
2,066,000
2,138,000
2,536,000
2,550,000
2,789,000
2,952,000
2,900,000
3,024,000
3,103,000
3,165,000
3,446,000
3,544,000
3,739,000
3,967,000
4,216,000
4,339,000
4,712,000
4,298,000
3,969,000
3,918,000
4,584,000
5,051,000
5,347,000
4,653,000
4,651,000
4,992,000
5,312,000
5,564,000
5,840,000
5,269,000
5,134,000
5,791,000
5,596,000
5,841,000
5,888,000
6,017,000
5,762,000
5,859,000
6,075,000
6,166,000
6,290,000
5,919,000
5,626,000
5,079,000
5,134,000
4,616,000
4,736,000
4,884,000
5,083,000
5,169,000
5,099,000
5,351,000
5,331,000
5,420,000
5,310,000
5,735,000
5,274,000
5,164,000
5,201,000
6,207,000
6,265,000
4,872,000
4,928,000
4,586,000
4,490,000
4,591,000
4,643,000
4,497,000
4,577,000
4,568,000
4,411,000
4,555,000
4,501,000
4,499,000
4,641,000
4,684,000
5,103,000
5,147,000
5,467,000

5,467,000

5,147,000

5,103,000

4,684,000

4,641,000

4,499,000

4,501,000

4,555,000

4,411,000

4,568,000

4,577,000

4,497,000

4,643,000

4,591,000

4,490,000

4,586,000

4,928,000

4,872,000

6,265,000

6,207,000

5,201,000

5,164,000

5,274,000

5,735,000

5,310,000

5,420,000

5,331,000

5,351,000

5,099,000

5,169,000

5,083,000

4,884,000

4,736,000

4,616,000

5,134,000

5,079,000

5,626,000

5,919,000

6,290,000

6,166,000

6,075,000

5,859,000

5,762,000

6,017,000

5,888,000

5,841,000

5,596,000

5,791,000

5,134,000

5,269,000

5,840,000

5,564,000

5,312,000

4,992,000

4,651,000

4,653,000

5,347,000

5,051,000

4,584,000

3,918,000

3,969,000

4,298,000

4,712,000

4,339,000

4,216,000

3,967,000

3,739,000

3,544,000

3,446,000

3,165,000

3,103,000

3,024,000

2,900,000

2,952,000

2,789,000

2,550,000

2,536,000

2,138,000

2,066,000

1,882,000

1,900,000

1,873,000

1,750,000

2,056,000

1,221,000

1,439,000

1,668,000

1,669,000

1,541,000

1,691,000

1,765,000

1,859,000

Goodwill

0
0
0
0
0
252,000
220,000
143,000
239,000
150,000
157,000
169,000
148,000
145,000
145,000
248,000
167,000
166,000
189,000
194,000
176,000
185,000
188,000
189,000
236,000
238,000
249,000
251,000
354,000
387,000
409,000
366,000
325,000
324,000
376,000
377,000
427,000
949,000
960,000
950,000
934,000
969,000
1,021,000
867,000
893,000
915,000
880,000
878,000
351,000
351,000
331,000
331,000
392,000
396,000
399,000
372,000
349,000
318,000
330,000
296,000
418,000
429,000
440,000
371,000
373,000
497,000
504,000
515,000
515,000
800,000
728,000
723,000
727,000
723,000
729,000
701,000
611,000
553,000
550,000
559,000
586,000
556,000
579,000
562,000
484,000
497,000
468,000
445,000
470,000
478,000
484,000
472,000
489,000

489,000

472,000

484,000

478,000

470,000

445,000

468,000

497,000

484,000

562,000

579,000

556,000

586,000

559,000

550,000

553,000

611,000

701,000

729,000

723,000

727,000

723,000

728,000

800,000

515,000

504,000

497,000

373,000

371,000

440,000

429,000

418,000

296,000

330,000

318,000

349,000

372,000

399,000

396,000

392,000

331,000

351,000

878,000

880,000

915,000

893,000

867,000

1,021,000

969,000

934,000

950,000

960,000

949,000

427,000

377,000

376,000

324,000

325,000

366,000

409,000

387,000

354,000

251,000

249,000

238,000

236,000

189,000

188,000

185,000

176,000

194,000

189,000

166,000

167,000

248,000

145,000

148,000

169,000

157,000

150,000

239,000

143,000

220,000

252,000

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
801,000
622,000
586,000
584,000
599,000
609,000
605,000
602,000
612,000
600,000
627,000
278,000
282,000
273,000
277,000
273,000
276,000
241,000
252,000
274,000
287,000
294,000
286,000
284,000
411,000
329,000
330,000
337,000
343,000
373,000
419,000
426,000
418,000
461,000
462,000
448,000
454,000
451,000
463,000
474,000
472,000
827,000
686,000
565,000
583,000
631,000
645,000
714,000
755,000
764,000
898,000
986,000
1,199,000
1,012,000
1,129,000
1,157,000
1,201,000
1,422,000

1,422,000

1,201,000

1,157,000

1,129,000

1,012,000

1,199,000

986,000

898,000

764,000

755,000

714,000

645,000

631,000

583,000

565,000

686,000

827,000

472,000

474,000

463,000

451,000

454,000

448,000

462,000

461,000

418,000

426,000

419,000

373,000

343,000

337,000

330,000

329,000

411,000

284,000

286,000

294,000

287,000

274,000

252,000

241,000

276,000

273,000

277,000

273,000

282,000

278,000

627,000

600,000

612,000

602,000

605,000

609,000

599,000

584,000

586,000

622,000

801,000

Intangible Assets

200,000
186,000
193,000
163,000
166,000
252,000
220,000
143,000
239,000
150,000
157,000
169,000
448,000
248,000
248,000
358,000
323,000
336,000
367,000
378,000
308,000
132,000
126,000
123,000
99,000
101,000
105,000
112,000
139,000
137,000
162,000
115,000
107,000
105,000
114,000
152,000
170,000
205,000
191,000
196,000
186,000
213,000
217,000
190,000
220,000
270,000
306,000
303,000
295,000
287,000
311,000
296,000
326,000
313,000
305,000
284,000
256,000
266,000
247,000
228,000
326,000
339,000
329,000
318,000
336,000
365,000
362,000
338,000
323,000
801,000
738,000
711,000
697,000
657,000
643,000
606,000
583,000
533,000
524,000
524,000
529,000
496,000
502,000
482,000
431,000
416,000
383,000
350,000
360,000
356,000
346,000
417,000
398,000

398,000

417,000

346,000

356,000

360,000

350,000

383,000

416,000

431,000

482,000

502,000

496,000

529,000

524,000

533,000

583,000

606,000

643,000

657,000

697,000

711,000

738,000

801,000

323,000

338,000

362,000

365,000

336,000

318,000

329,000

339,000

326,000

228,000

247,000

266,000

256,000

284,000

305,000

313,000

326,000

296,000

311,000

287,000

295,000

303,000

306,000

270,000

220,000

190,000

217,000

213,000

186,000

196,000

191,000

205,000

170,000

152,000

114,000

105,000

107,000

115,000

162,000

137,000

139,000

112,000

105,000

101,000

99,000

123,000

126,000

132,000

308,000

378,000

367,000

336,000

323,000

358,000

248,000

448,000

169,000

157,000

150,000

239,000

143,000

220,000

252,000

166,000

163,000

193,000

186,000

200,000

Long-term Assets Other

0
197,000
215,000
180,000
224,000
181,000
191,000
162,000
349,000
303,000
970,000
925,000
366,000
900,000
364,000
443,000
543,000
557,000
518,000
612,000
627,000
704,000
653,000
734,000
810,000
931,000
902,000
1,113,000
1,155,000
1,120,000
1,131,000
1,029,000
1,028,000
1,177,000
1,649,000
1,823,000
1,958,000
3,809,000
1,786,000
1,978,000
1,945,000
1,922,000
1,895,000
1,608,000
2,089,000
2,166,000
2,017,000
1,959,000
1,996,000
2,011,000
1,826,000
1,514,000
1,521,000
1,534,000
1,197,000
1,316,000
1,217,000
936,000
1,071,000
928,000
780,000
977,000
1,036,000
846,000
927,000
939,000
886,000
952,000
1,028,000
1,079,000
834,000
763,000
823,000
736,000
674,000
635,000
678,000
722,000
568,000
692,000
746,000
591,000
685,000
656,000
719,000
563,000
483,000
466,000
627,000
699,000
725,000
640,000
285,000

285,000

640,000

725,000

699,000

627,000

466,000

483,000

563,000

719,000

656,000

685,000

591,000

746,000

692,000

568,000

722,000

678,000

635,000

674,000

736,000

823,000

763,000

834,000

1,079,000

1,028,000

952,000

886,000

939,000

927,000

846,000

1,036,000

977,000

780,000

928,000

1,071,000

936,000

1,217,000

1,316,000

1,197,000

1,534,000

1,521,000

1,514,000

1,826,000

2,011,000

1,996,000

1,959,000

2,017,000

2,166,000

2,089,000

1,608,000

1,895,000

1,922,000

1,945,000

1,978,000

1,786,000

3,809,000

1,958,000

1,823,000

1,649,000

1,177,000

1,028,000

1,029,000

1,131,000

1,120,000

1,155,000

1,113,000

902,000

931,000

810,000

734,000

653,000

704,000

627,000

612,000

518,000

557,000

543,000

443,000

364,000

900,000

366,000

925,000

970,000

303,000

349,000

162,000

191,000

181,000

224,000

180,000

215,000

197,000

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,150,000
979,000
948,000
966,000
1,060,000
1,200,000
1,297,000
1,297,000
1,182,000
1,211,000
1,330,000
1,276,000
1,326,000
1,213,000
1,163,000
1,157,000
689,000
564,000
603,000
580,000
350,000
565,000
381,000
545,000
454,000
417,000
557,000
586,000
558,000
524,000
515,000
543,000
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

543,000

515,000

524,000

558,000

586,000

557,000

417,000

454,000

545,000

381,000

565,000

350,000

580,000

603,000

564,000

689,000

1,157,000

1,163,000

1,213,000

1,326,000

1,276,000

1,330,000

1,211,000

1,182,000

1,297,000

1,200,000

1,060,000

966,000

948,000

979,000

1,150,000

> Total Liabilities

4,172,000
3,587,000
4,077,000
3,645,000
3,574,000
3,358,000
3,798,000
3,758,000
6,382,000
6,445,000
6,434,000
5,936,000
6,953,000
8,233,000
8,233,000
7,300,000
7,252,000
7,342,000
7,997,000
7,854,000
6,895,000
6,726,000
7,520,000
8,126,000
8,269,000
9,174,000
11,375,000
13,518,000
13,294,000
14,649,000
17,311,000
15,170,000
12,794,000
10,413,000
12,898,000
11,467,000
10,921,000
11,699,000
10,407,000
10,966,000
13,447,000
13,368,000
12,757,000
12,872,000
11,200,000
13,080,000
14,841,000
16,626,000
12,826,000
18,445,000
19,636,000
18,100,000
16,693,000
17,394,000
15,620,000
14,583,000
12,651,000
11,052,000
11,799,000
11,778,000
11,258,000
11,976,000
14,755,000
12,768,000
11,845,000
12,987,000
12,998,000
12,802,000
11,514,000
15,807,000
15,781,000
14,959,000
13,047,000
14,231,000
13,899,000
13,985,000
12,269,000
13,624,000
13,350,000
15,310,000
17,450,000
17,752,000
17,754,000
16,478,000
15,961,000
19,613,000
17,879,000
15,419,000
14,624,000
16,391,000
14,354,000
13,990,000
13,557,000

13,557,000

13,990,000

14,354,000

16,391,000

14,624,000

15,419,000

17,879,000

19,613,000

15,961,000

16,478,000

17,754,000

17,752,000

17,450,000

15,310,000

13,350,000

13,624,000

12,269,000

13,985,000

13,899,000

14,231,000

13,047,000

14,959,000

15,781,000

15,807,000

11,514,000

12,802,000

12,998,000

12,987,000

11,845,000

12,768,000

14,755,000

11,976,000

11,258,000

11,778,000

11,799,000

11,052,000

12,651,000

14,583,000

15,620,000

17,394,000

16,693,000

18,100,000

19,636,000

18,445,000

12,826,000

16,626,000

14,841,000

13,080,000

11,200,000

12,872,000

12,757,000

13,368,000

13,447,000

10,966,000

10,407,000

11,699,000

10,921,000

11,467,000

12,898,000

10,413,000

12,794,000

15,170,000

17,311,000

14,649,000

13,294,000

13,518,000

11,375,000

9,174,000

8,269,000

8,126,000

7,520,000

6,726,000

6,895,000

7,854,000

7,997,000

7,342,000

7,252,000

7,300,000

8,233,000

6,953,000

5,936,000

6,434,000

6,445,000

6,382,000

3,758,000

3,798,000

3,358,000

3,574,000

3,645,000

4,077,000

3,587,000

4,172,000

> Total Current Liabilities

2,746,000
2,227,000
2,827,000
2,489,000
2,346,000
2,236,000
2,697,000
2,121,000
3,794,000
3,947,000
4,016,000
3,683,000
3,937,000
5,294,000
5,294,000
4,013,000
3,902,000
3,852,000
4,072,000
4,152,000
3,617,000
3,483,000
3,885,000
4,289,000
4,515,000
4,819,000
6,601,000
8,956,000
8,834,000
10,229,000
12,289,000
11,064,000
8,074,000
6,438,000
7,890,000
6,686,000
6,207,000
6,890,000
6,134,000
7,665,000
10,004,000
9,356,000
8,349,000
8,617,000
6,947,000
7,616,000
9,674,000
11,587,000
8,362,000
13,566,000
15,159,000
14,041,000
12,535,000
12,459,000
10,377,000
10,929,000
8,790,000
7,657,000
8,221,000
8,170,000
7,328,000
7,092,000
10,315,000
8,281,000
7,684,000
8,616,000
7,933,000
7,468,000
6,215,000
8,550,000
9,043,000
8,301,000
7,172,000
8,053,000
7,457,000
7,369,000
6,577,000
8,022,000
7,496,000
8,932,000
10,985,000
11,340,000
10,321,000
9,759,000
9,291,000
13,860,000
13,101,000
10,567,000
9,600,000
10,408,000
8,291,000
8,245,000
7,687,000

7,687,000

8,245,000

8,291,000

10,408,000

9,600,000

10,567,000

13,101,000

13,860,000

9,291,000

9,759,000

10,321,000

11,340,000

10,985,000

8,932,000

7,496,000

8,022,000

6,577,000

7,369,000

7,457,000

8,053,000

7,172,000

8,301,000

9,043,000

8,550,000

6,215,000

7,468,000

7,933,000

8,616,000

7,684,000

8,281,000

10,315,000

7,092,000

7,328,000

8,170,000

8,221,000

7,657,000

8,790,000

10,929,000

10,377,000

12,459,000

12,535,000

14,041,000

15,159,000

13,566,000

8,362,000

11,587,000

9,674,000

7,616,000

6,947,000

8,617,000

8,349,000

9,356,000

10,004,000

7,665,000

6,134,000

6,890,000

6,207,000

6,686,000

7,890,000

6,438,000

8,074,000

11,064,000

12,289,000

10,229,000

8,834,000

8,956,000

6,601,000

4,819,000

4,515,000

4,289,000

3,885,000

3,483,000

3,617,000

4,152,000

4,072,000

3,852,000

3,902,000

4,013,000

5,294,000

3,937,000

3,683,000

4,016,000

3,947,000

3,794,000

2,121,000

2,697,000

2,236,000

2,346,000

2,489,000

2,827,000

2,227,000

2,746,000

Short-term Debt

0
1,162,000
1,703,000
1,163,000
983,000
1,017,000
1,059,000
294,000
1,499,000
1,483,000
1,185,000
903,000
1,017,000
1,884,000
1,884,000
272,000
681,000
805,000
764,000
765,000
589,000
730,000
796,000
927,000
610,000
530,000
929,000
1,635,000
1,112,000
1,671,000
2,019,000
1,332,000
551,000
685,000
1,329,000
453,000
197,000
549,000
443,000
972,000
2,330,000
1,647,000
1,520,000
1,568,000
733,000
805,000
2,647,000
3,790,000
2,317,000
6,732,000
8,291,000
7,512,000
5,935,000
5,315,000
4,500,000
4,165,000
2,346,000
1,883,000
2,350,000
1,647,000
1,842,000
1,265,000
3,232,000
1,955,000
1,723,000
1,931,000
1,891,000
1,621,000
634,000
1,625,000
2,988,000
2,388,000
1,169,000
2,372,000
2,540,000
2,081,000
1,494,000
1,462,000
2,277,000
2,352,000
3,071,000
2,956,000
2,124,000
1,993,000
1,527,000
2,817,000
3,853,000
2,536,000
1,817,000
1,816,000
1,041,000
1,532,000
1,110,000

1,110,000

1,532,000

1,041,000

1,816,000

1,817,000

2,536,000

3,853,000

2,817,000

1,527,000

1,993,000

2,124,000

2,956,000

3,071,000

2,352,000

2,277,000

1,462,000

1,494,000

2,081,000

2,540,000

2,372,000

1,169,000

2,388,000

2,988,000

1,625,000

634,000

1,621,000

1,891,000

1,931,000

1,723,000

1,955,000

3,232,000

1,265,000

1,842,000

1,647,000

2,350,000

1,883,000

2,346,000

4,165,000

4,500,000

5,315,000

5,935,000

7,512,000

8,291,000

6,732,000

2,317,000

3,790,000

2,647,000

805,000

733,000

1,568,000

1,520,000

1,647,000

2,330,000

972,000

443,000

549,000

197,000

453,000

1,329,000

685,000

551,000

1,332,000

2,019,000

1,671,000

1,112,000

1,635,000

929,000

530,000

610,000

927,000

796,000

730,000

589,000

765,000

764,000

805,000

681,000

272,000

1,884,000

1,017,000

903,000

1,185,000

1,483,000

1,499,000

294,000

1,059,000

1,017,000

983,000

1,163,000

1,703,000

1,162,000

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
408,000
0
0
0
872,000
0
2,592,000
1,330,000
938,000
1,441,000
5,809,000
288,000
16,000
15,000
625,000
331,000
428,000
2,147,000
2,309,000
1,890,000
1,278,000
1,245,000
2,057,000
2,119,000
2,836,000
2,715,000
1,859,000
1,661,000
1,177,000
2,440,000
3,457,000
2,100,000
1,392,000
1,408,000
671,000
1,215,000
802,000

802,000

1,215,000

671,000

1,408,000

1,392,000

2,100,000

3,457,000

2,440,000

1,177,000

1,661,000

1,859,000

2,715,000

2,836,000

2,119,000

2,057,000

1,245,000

1,278,000

1,890,000

2,309,000

2,147,000

428,000

331,000

625,000

15,000

16,000

288,000

5,809,000

1,441,000

938,000

1,330,000

2,592,000

872,000

408,000

Accounts payable

839,000
705,000
783,000
805,000
775,000
743,000
975,000
953,000
1,271,000
1,226,000
1,582,000
1,609,000
1,678,000
1,946,000
1,946,000
2,262,000
1,898,000
1,839,000
2,042,000
2,027,000
1,803,000
1,666,000
1,943,000
2,008,000
2,328,000
2,609,000
2,984,000
3,614,000
4,061,000
4,501,000
5,503,000
5,634,000
4,158,000
2,976,000
3,361,000
3,106,000
3,275,000
3,285,000
3,278,000
3,856,000
3,637,000
4,033,000
3,404,000
3,203,000
3,173,000
3,834,000
3,048,000
3,701,000
3,319,000
3,643,000
3,482,000
3,421,000
3,522,000
3,828,000
3,427,000
3,831,000
3,333,000
3,155,000
3,384,000
3,465,000
2,673,000
3,284,000
2,805,000
3,205,000
3,485,000
3,898,000
3,513,000
3,650,000
3,395,000
3,909,000
3,138,000
3,274,000
3,501,000
3,841,000
3,053,000
3,046,000
2,824,000
3,368,000
2,602,000
2,708,000
2,636,000
3,842,000
3,634,000
3,944,000
4,214,000
5,836,000
5,347,000
4,455,000
4,386,000
5,476,000
4,248,000
3,975,000
3,664,000

3,664,000

3,975,000

4,248,000

5,476,000

4,386,000

4,455,000

5,347,000

5,836,000

4,214,000

3,944,000

3,634,000

3,842,000

2,636,000

2,708,000

2,602,000

3,368,000

2,824,000

3,046,000

3,053,000

3,841,000

3,501,000

3,274,000

3,138,000

3,909,000

3,395,000

3,650,000

3,513,000

3,898,000

3,485,000

3,205,000

2,805,000

3,284,000

2,673,000

3,465,000

3,384,000

3,155,000

3,333,000

3,831,000

3,427,000

3,828,000

3,522,000

3,421,000

3,482,000

3,643,000

3,319,000

3,701,000

3,048,000

3,834,000

3,173,000

3,203,000

3,404,000

4,033,000

3,637,000

3,856,000

3,278,000

3,285,000

3,275,000

3,106,000

3,361,000

2,976,000

4,158,000

5,634,000

5,503,000

4,501,000

4,061,000

3,614,000

2,984,000

2,609,000

2,328,000

2,008,000

1,943,000

1,666,000

1,803,000

2,027,000

2,042,000

1,839,000

1,898,000

2,262,000

1,946,000

1,678,000

1,609,000

1,582,000

1,226,000

1,271,000

953,000

975,000

743,000

775,000

805,000

783,000

705,000

839,000

Other Current Liabilities

385,000
360,000
341,000
521,000
588,000
476,000
663,000
874,000
568,000
737,000
699,000
1,171,000
1,200,000
1,464,000
1,410,000
1,446,000
556,000
1,170,000
1,210,000
1,260,000
1,123,000
438,000
1,111,000
1,313,000
1,428,000
982,000
1,877,000
2,636,000
2,424,000
2,812,000
3,412,000
2,611,000
3,261,000
2,699,000
3,096,000
3,021,000
2,635,000
2,961,000
2,345,000
2,765,000
3,714,000
3,676,000
3,425,000
3,477,000
2,758,000
2,625,000
3,412,000
3,704,000
2,503,000
2,865,000
2,979,000
2,803,000
2,748,000
3,040,000
2,215,000
2,721,000
2,719,000
2,337,000
2,248,000
2,801,000
2,442,000
2,228,000
4,013,000
2,908,000
2,081,000
2,446,000
2,283,000
2,001,000
1,780,000
2,706,000
2,609,000
2,413,000
2,097,000
1,530,000
1,627,000
2,015,000
1,848,000
2,867,000
2,295,000
3,582,000
4,872,000
4,209,000
4,305,000
3,546,000
3,113,000
4,794,000
3,523,000
3,237,000
2,796,000
2,631,000
2,622,000
2,366,000
2,450,000

2,450,000

2,366,000

2,622,000

2,631,000

2,796,000

3,237,000

3,523,000

4,794,000

3,113,000

3,546,000

4,305,000

4,209,000

4,872,000

3,582,000

2,295,000

2,867,000

1,848,000

2,015,000

1,627,000

1,530,000

2,097,000

2,413,000

2,609,000

2,706,000

1,780,000

2,001,000

2,283,000

2,446,000

2,081,000

2,908,000

4,013,000

2,228,000

2,442,000

2,801,000

2,248,000

2,337,000

2,719,000

2,721,000

2,215,000

3,040,000

2,748,000

2,803,000

2,979,000

2,865,000

2,503,000

3,704,000

3,412,000

2,625,000

2,758,000

3,477,000

3,425,000

3,676,000

3,714,000

2,765,000

2,345,000

2,961,000

2,635,000

3,021,000

3,096,000

2,699,000

3,261,000

2,611,000

3,412,000

2,812,000

2,424,000

2,636,000

1,877,000

982,000

1,428,000

1,313,000

1,111,000

438,000

1,123,000

1,260,000

1,210,000

1,170,000

556,000

1,446,000

1,410,000

1,464,000

1,200,000

1,171,000

699,000

737,000

568,000

874,000

663,000

476,000

588,000

521,000

341,000

360,000

385,000

> Long-term Liabilities

0
1,360,000
1,250,000
1,156,000
1,228,000
1,122,000
1,101,000
1,637,000
2,588,000
2,498,000
2,418,000
2,253,000
3,016,000
0
2,939,000
3,287,000
3,350,000
3,490,000
3,925,000
3,702,000
3,278,000
3,243,000
3,635,000
3,837,000
3,754,000
4,355,000
4,774,000
4,562,000
4,460,000
4,420,000
5,022,000
4,106,000
4,720,000
3,975,000
5,008,000
4,781,000
4,714,000
4,809,000
4,273,000
3,301,000
3,443,000
4,012,000
4,408,000
4,255,000
4,253,000
5,464,000
5,167,000
5,039,000
4,464,000
4,879,000
4,477,000
4,059,000
4,158,000
4,935,000
5,243,000
3,654,000
3,861,000
3,395,000
3,578,000
3,608,000
3,930,000
4,884,000
4,440,000
4,487,000
4,161,000
4,371,000
5,065,000
5,334,000
5,299,000
7,257,000
6,738,000
6,658,000
5,875,000
6,178,000
6,442,000
6,616,000
5,692,000
5,602,000
5,854,000
6,378,000
6,465,000
6,412,000
7,433,000
6,719,000
6,670,000
5,753,000
4,778,000
4,852,000
5,024,000
5,983,000
6,063,000
5,745,000
5,870,000

5,870,000

5,745,000

6,063,000

5,983,000

5,024,000

4,852,000

4,778,000

5,753,000

6,670,000

6,719,000

7,433,000

6,412,000

6,465,000

6,378,000

5,854,000

5,602,000

5,692,000

6,616,000

6,442,000

6,178,000

5,875,000

6,658,000

6,738,000

7,257,000

5,299,000

5,334,000

5,065,000

4,371,000

4,161,000

4,487,000

4,440,000

4,884,000

3,930,000

3,608,000

3,578,000

3,395,000

3,861,000

3,654,000

5,243,000

4,935,000

4,158,000

4,059,000

4,477,000

4,879,000

4,464,000

5,039,000

5,167,000

5,464,000

4,253,000

4,255,000

4,408,000

4,012,000

3,443,000

3,301,000

4,273,000

4,809,000

4,714,000

4,781,000

5,008,000

3,975,000

4,720,000

4,106,000

5,022,000

4,420,000

4,460,000

4,562,000

4,774,000

4,355,000

3,754,000

3,837,000

3,635,000

3,243,000

3,278,000

3,702,000

3,925,000

3,490,000

3,350,000

3,287,000

2,939,000

3,016,000

2,253,000

2,418,000

2,498,000

2,588,000

1,637,000

1,101,000

1,122,000

1,228,000

1,156,000

1,250,000

1,360,000

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,625,000
3,618,000
3,544,000
2,828,000
2,378,000
2,551,000
3,041,000
3,504,000
3,468,000
3,348,000
4,471,000
4,247,000
4,142,000
3,532,000
3,897,000
3,513,000
3,169,000
3,179,000
3,875,000
4,231,000
2,720,000
2,855,000
2,337,000
2,496,000
2,583,000
2,934,000
3,845,000
3,388,000
3,447,000
3,069,000
3,266,000
3,918,000
4,246,000
4,160,000
5,446,000
4,992,000
4,912,000
4,203,000
3,821,000
4,039,000
4,581,000
3,716,000
3,753,000
3,980,000
4,419,000
4,452,000
4,341,000
5,334,000
4,814,000
4,787,000
4,040,000
3,062,000
2,997,000
3,259,000
4,312,000
4,278,000
3,967,000
0

3,967,000

4,278,000

4,312,000

3,259,000

2,997,000

3,062,000

4,040,000

4,787,000

4,814,000

5,334,000

4,341,000

4,452,000

4,419,000

3,980,000

3,753,000

3,716,000

4,581,000

4,039,000

3,821,000

4,203,000

4,912,000

4,992,000

5,446,000

4,160,000

4,246,000

3,918,000

3,266,000

3,069,000

3,447,000

3,388,000

3,845,000

2,934,000

2,583,000

2,496,000

2,337,000

2,855,000

2,720,000

4,231,000

3,875,000

3,179,000

3,169,000

3,513,000

3,897,000

3,532,000

4,142,000

4,247,000

4,471,000

3,348,000

3,468,000

3,504,000

3,041,000

2,551,000

2,378,000

2,828,000

3,544,000

3,618,000

3,625,000

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,150,000
979,000
948,000
966,000
1,060,000
1,200,000
1,297,000
1,297,000
1,182,000
1,211,000
1,330,000
1,276,000
1,326,000
1,213,000
1,163,000
1,157,000
689,000
564,000
603,000
580,000
350,000
565,000
381,000
545,000
454,000
417,000
557,000
586,000
558,000
524,000
515,000
543,000
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

543,000

515,000

524,000

558,000

586,000

557,000

417,000

454,000

545,000

381,000

565,000

350,000

580,000

603,000

564,000

689,000

1,157,000

1,163,000

1,213,000

1,326,000

1,276,000

1,330,000

1,211,000

1,182,000

1,297,000

1,200,000

1,060,000

966,000

948,000

979,000

1,150,000

Warrants

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
47,000
38,000
32,000
33,000
33,000
37,000
38,000
40,000
38,000
37,000
34,000
36,000
38,000
37,000
41,000
40,000
0
0
0
0
0
0
470,000
441,000
438,000
424,000
421,000
425,000
413,000
397,000
394,000
397,000
403,000
415,000
473,000
483,000
403,000
381,000
370,000
351,000
2,000
4,000
4,000
4,000
0
0

4,000

2,000

351,000

370,000

381,000

403,000

483,000

473,000

415,000

403,000

397,000

394,000

397,000

413,000

425,000

421,000

424,000

438,000

441,000

470,000

40,000

41,000

37,000

38,000

36,000

34,000

37,000

38,000

40,000

38,000

37,000

33,000

32,000

38,000

47,000

Long-term Liabilities Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
992,000
913,000
1,092,000
757,000
803,000
808,000
826,000
825,000
702,000
771,000
811,000
765,000
745,000
810,000
888,000
870,000
813,000
757,000
731,000
735,000
686,000
969,000
856,000
891,000
851,000
750,000
786,000
845,000
826,000
853,000
889,000
879,000
842,000
916,000
980,000
950,000
947,000
892,000
874,000
879,000
769,000
711,000
667,000
665,000
637,000
657,000
658,000
1,077,000
980,000
996,000
800,000
816,000
99,000
1,214,000
1,177,000
1,252,000
1,280,000
108,000

108,000

1,280,000

1,252,000

1,177,000

1,214,000

99,000

816,000

800,000

996,000

980,000

1,077,000

658,000

657,000

637,000

665,000

667,000

711,000

769,000

879,000

874,000

892,000

947,000

950,000

980,000

916,000

842,000

879,000

889,000

853,000

826,000

845,000

786,000

750,000

851,000

891,000

856,000

969,000

686,000

735,000

731,000

757,000

813,000

870,000

888,000

810,000

745,000

765,000

811,000

771,000

702,000

825,000

826,000

808,000

803,000

757,000

1,092,000

913,000

992,000

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
164,000
183,000
112,000
115,000
120,000
84,000
145,000
79,000
85,000
134,000
161,000
155,000
105,000
84,000
62,000
61,000
71,000
185,000
234,000
237,000
210,000
177,000
168,000
155,000
136,000
209,000
212,000
207,000
214,000
239,000
216,000
268,000
246,000
223,000
361,000
355,000
361,000
356,000
323,000
349,000
333,000
329,000
294,000
309,000
335,000
360,000
384,000
413,000
323,000
338,000
354,000
315,000
335,000
365,000
375,000
381,000
0
0

381,000

375,000

365,000

335,000

315,000

354,000

338,000

323,000

413,000

384,000

360,000

335,000

309,000

294,000

329,000

333,000

349,000

323,000

356,000

361,000

355,000

361,000

223,000

246,000

268,000

216,000

239,000

214,000

207,000

212,000

209,000

136,000

155,000

168,000

177,000

210,000

237,000

234,000

185,000

71,000

61,000

62,000

84,000

105,000

155,000

161,000

134,000

85,000

79,000

145,000

84,000

120,000

115,000

112,000

183,000

164,000

> Total Stockholder Equity

1,139,000
1,076,000
1,046,000
1,243,000
1,376,000
1,609,000
1,436,000
1,220,000
1,472,000
1,608,000
2,105,000
2,200,000
2,377,000
2,428,000
2,428,000
3,100,000
3,375,000
3,419,000
3,718,000
4,018,000
4,226,000
4,502,000
4,540,000
4,714,000
5,668,000
5,775,000
6,148,000
6,706,000
7,945,000
8,283,000
9,475,000
8,710,000
7,436,000
7,111,000
8,111,000
9,522,000
9,494,000
9,987,000
11,408,000
11,830,000
12,220,000
13,105,000
13,751,000
12,029,000
11,707,000
12,770,000
11,872,000
11,962,000
11,208,000
11,407,000
10,660,000
10,304,000
10,088,000
10,061,000
10,169,000
9,562,000
8,834,000
7,195,000
7,630,000
6,661,000
6,652,000
6,963,000
7,126,000
7,083,000
7,343,000
7,428,000
7,227,000
7,546,000
7,357,000
7,277,000
6,146,000
6,280,000
6,378,000
6,100,000
6,331,000
4,460,000
6,030,000
4,972,000
5,093,000
5,451,000
6,205,000
6,637,000
7,331,000
7,631,000
7,825,000
8,581,000
8,732,000
8,705,000
9,956,000
10,719,000
11,358,000
11,143,000
10,851,000

10,851,000

11,143,000

11,358,000

10,719,000

9,956,000

8,705,000

8,732,000

8,581,000

7,825,000

7,631,000

7,331,000

6,637,000

6,205,000

5,451,000

5,093,000

4,972,000

6,030,000

4,460,000

6,331,000

6,100,000

6,378,000

6,280,000

6,146,000

7,277,000

7,357,000

7,546,000

7,227,000

7,428,000

7,343,000

7,083,000

7,126,000

6,963,000

6,652,000

6,661,000

7,630,000

7,195,000

8,834,000

9,562,000

10,169,000

10,061,000

10,088,000

10,304,000

10,660,000

11,407,000

11,208,000

11,962,000

11,872,000

12,770,000

11,707,000

12,029,000

13,751,000

13,105,000

12,220,000

11,830,000

11,408,000

9,987,000

9,494,000

9,522,000

8,111,000

7,111,000

7,436,000

8,710,000

9,475,000

8,283,000

7,945,000

6,706,000

6,148,000

5,775,000

5,668,000

4,714,000

4,540,000

4,502,000

4,226,000

4,018,000

3,718,000

3,419,000

3,375,000

3,100,000

2,428,000

2,377,000

2,200,000

2,105,000

1,608,000

1,472,000

1,220,000

1,436,000

1,609,000

1,376,000

1,243,000

1,046,000

1,076,000

1,139,000

Common Stock

644
1,429,000
1,429,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

1,000

1,429,000

644

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
4,081,000
3,996,000
4,008,000
5,734,000
5,895,000
6,153,000
6,343,000
6,613,000
6,709,000
6,917,000
6,964,000
7,190,000
7,440,000
6,792,000
6,924,000
7,007,000
6,807,000
6,891,000
6,826,000
7,056,000
7,292,000
7,180,000
7,386,000
7,408,000
7,585,000
7,725,000
7,900,000
7,953,000
8,004,000
8,208,000
8,188,000
8,195,000
8,214,000
8,081,000
8,008,000
7,917,000
8,203,000
8,059,000
8,045,000
8,179,000
6,611,000
6,437,000
6,158,000
6,581,000
6,784,000
7,236,000
7,982,000
8,259,000
8,830,000
8,979,000
9,581,000
9,692,000
9,980,000
10,222,000
10,757,000
11,279,000
0
0

11,279,000

10,757,000

10,222,000

9,980,000

9,692,000

9,581,000

8,979,000

8,830,000

8,259,000

7,982,000

7,236,000

6,784,000

6,581,000

6,158,000

6,437,000

6,611,000

8,179,000

8,045,000

8,059,000

8,203,000

7,917,000

8,008,000

8,081,000

8,214,000

8,195,000

8,188,000

8,208,000

8,004,000

7,953,000

7,900,000

7,725,000

7,585,000

7,408,000

7,386,000

7,180,000

7,292,000

7,056,000

6,826,000

6,891,000

6,807,000

7,007,000

6,924,000

6,792,000

7,440,000

7,190,000

6,964,000

6,917,000

6,709,000

6,613,000

6,343,000

6,153,000

5,895,000

5,734,000

4,008,000

3,996,000

4,081,000

Accumulated Other Comprehensive Income

0
-668,000
-721,000
-859,000
-766,000
-839,000
-1,053,000
-1,354,000
-1,181,000
-1,082,000
-759,000
-744,000
-656,000
-1,548,000
-671,000
-603,000
-427,000
-470,000
-281,000
-147,000
-312,000
-98,000
-78,000
-85,000
-63,000
66,000
290,000
511,000
669,000
745,000
1,200,000
214,000
-811,000
-878,000
-152,000
269,000
319,000
229,000
-25,000
465,000
583,000
874,000
1,224,000
-419,000
-610,000
-265,000
-1,365,000
-1,306,000
-1,410,000
-1,326,000
-2,139,000
-2,290,000
-2,572,000
-2,461,000
-2,254,000
-3,244,000
-4,058,000
-5,332,000
-5,167,000
-6,212,000
-6,360,000
-6,026,000
-5,718,000
-5,825,000
-5,978,000
-5,726,000
-5,951,000
-5,662,000
-5,930,000
-5,947,000
-6,795,000
-6,958,000
-6,935,000
-7,000,000
-6,919,000
-7,234,000
-5,624,000
-6,411,000
-6,515,000
-6,504,000
-6,246,000
-6,484,000
-6,258,000
-6,436,000
-6,471,000
-6,213,000
-6,436,000
-6,611,000
-6,371,000
-6,171,000
-6,091,000
-6,224,000
-6,054,000

-6,054,000

-6,224,000

-6,091,000

-6,171,000

-6,371,000

-6,611,000

-6,436,000

-6,213,000

-6,471,000

-6,436,000

-6,258,000

-6,484,000

-6,246,000

-6,504,000

-6,515,000

-6,411,000

-5,624,000

-7,234,000

-6,919,000

-7,000,000

-6,935,000

-6,958,000

-6,795,000

-5,947,000

-5,930,000

-5,662,000

-5,951,000

-5,726,000

-5,978,000

-5,825,000

-5,718,000

-6,026,000

-6,360,000

-6,212,000

-5,167,000

-5,332,000

-4,058,000

-3,244,000

-2,254,000

-2,461,000

-2,572,000

-2,290,000

-2,139,000

-1,326,000

-1,410,000

-1,306,000

-1,365,000

-265,000

-610,000

-419,000

1,224,000

874,000

583,000

465,000

-25,000

229,000

319,000

269,000

-152,000

-878,000

-811,000

214,000

1,200,000

745,000

669,000

511,000

290,000

66,000

-63,000

-85,000

-78,000

-98,000

-312,000

-147,000

-281,000

-470,000

-427,000

-603,000

-671,000

-1,548,000

-656,000

-744,000

-759,000

-1,082,000

-1,181,000

-1,354,000

-1,053,000

-839,000

-766,000

-859,000

-721,000

-668,000

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
3,618,000
3,625,000
4,196,000
4,252,000
4,270,000
4,793,000
4,816,000
4,831,000
4,817,000
4,829,000
4,855,000
4,868,000
4,896,000
4,909,000
4,920,000
4,923,000
4,945,000
4,967,000
4,986,000
4,996,000
5,000,000
5,053,000
5,070,000
5,092,000
5,102,000
5,105,000
5,108,000
5,120,000
5,133,000
5,143,000
5,195,000
5,212,000
5,223,000
5,226,000
5,233,000
5,253,000
5,264,000
5,278,000
5,284,000
5,300,000
5,312,000
5,329,000
5,344,000
5,356,000
5,376,000
5,408,000
5,468,000
5,512,000
5,530,000
5,590,000
6,332,000
6,595,000
6,655,000
6,692,000
6,688,000
6,706,000
6,727,000
0

6,727,000

6,706,000

6,688,000

6,692,000

6,655,000

6,595,000

6,332,000

5,590,000

5,530,000

5,512,000

5,468,000

5,408,000

5,376,000

5,356,000

5,344,000

5,329,000

5,312,000

5,300,000

5,284,000

5,278,000

5,264,000

5,253,000

5,233,000

5,226,000

5,223,000

5,212,000

5,195,000

5,143,000

5,133,000

5,120,000

5,108,000

5,105,000

5,102,000

5,092,000

5,070,000

5,053,000

5,000,000

4,996,000

4,986,000

4,967,000

4,945,000

4,923,000

4,920,000

4,909,000

4,896,000

4,868,000

4,855,000

4,829,000

4,817,000

4,831,000

4,816,000

4,793,000

4,270,000

4,252,000

4,196,000

3,625,000

3,618,000

Treasury Stock

-1,320,000

-1,120,000

-1,020,000

-920,000

-901,000

-720,000

-620,000

-420,000

-320,000

-212,000

-120,000

-354,000

-107,000

Other Stockholders Equity

0
1,140,000
1,065,000
2,589,000
2,745,000
2,987,000
2,697,000
2,320,000
1,999,000
2,006,000
2,008,000
2,010,000
2,010,000
0
2,017,000
2,352,000
2,361,000
2,364,000
2,375,000
2,388,000
2,630,000
2,652,000
2,657,000
2,688,000
2,690,000
2,726,000
2,737,000
2,751,000
2,760,000
2,789,000
2,816,000
2,845,000
2,849,000
2,851,000
2,857,000
3,618,000
3,625,000
4,196,000
4,145,000
11,365,000
4,793,000
5,197,000
5,223,000
5,048,000
4,709,000
5,380,000
5,356,000
5,137,000
5,135,000
5,118,000
5,101,000
5,096,000
5,078,000
5,005,000
4,676,000
4,823,000
5,021,000
4,450,000
4,698,000
4,597,000
4,596,000
4,398,000
4,200,000
4,213,000
4,422,000
4,275,000
4,292,000
4,303,000
4,515,000
4,525,000
4,333,000
4,344,000
4,563,000
4,364,000
4,380,000
4,392,000
4,526,000
4,534,000
4,336,000
4,480,000
4,524,000
4,448,000
4,639,000
4,546,000
4,626,000
5,212,000
5,475,000
5,335,000
6,104,000
6,132,000
5,386,000
4,919,000
4,826,000

4,826,000

4,919,000

5,386,000

6,132,000

6,104,000

5,335,000

5,475,000

5,212,000

4,626,000

4,546,000

4,639,000

4,448,000

4,524,000

4,480,000

4,336,000

4,534,000

4,526,000

4,392,000

4,380,000

4,364,000

4,563,000

4,344,000

4,333,000

4,525,000

4,515,000

4,303,000

4,292,000

4,275,000

4,422,000

4,213,000

4,200,000

4,398,000

4,596,000

4,597,000

4,698,000

4,450,000

5,021,000

4,823,000

4,676,000

5,005,000

5,078,000

5,096,000

5,101,000

5,118,000

5,135,000

5,137,000

5,356,000

5,380,000

4,709,000

5,048,000

5,223,000

5,197,000

4,793,000

11,365,000

4,145,000

4,196,000

3,625,000

3,618,000

2,857,000

2,851,000

2,849,000

2,845,000

2,816,000

2,789,000

2,760,000

2,751,000

2,737,000

2,726,000

2,690,000

2,688,000

2,657,000

2,652,000

2,630,000

2,388,000

2,375,000

2,364,000

2,361,000

2,352,000

2,017,000

2,010,000

2,008,000

2,006,000

1,999,000

2,320,000

2,697,000

2,987,000

2,745,000

2,589,000

1,065,000

1,140,000

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31
Accounts Payable	3,664,000	4,386,000	4,214,000	2,636,000	2,824,000	3,501,000	3,395,000	3,485,000	2,673,000	3,333,000	3,522,000	3,319,000	3,173,000	3,637,000	3,275,000	4,230,000	4,061,000	2,328,000	1,803,000	1,898,000	1,678,000	1,271,000	775,000	839,000	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-6,054,000	-6,371,000	-6,471,000	-6,246,000	-5,624,000	-6,935,000	-5,930,000	-5,978,000	-6,360,000	-4,058,000	-2,572,000	-1,410,000	-610,000	583,000	319,000	-811,000	669,000	-63,000	-312,000	-427,000	-656,000	-1,181,000	-766,000	-599,000	0
Additional Paid In Capital	0	0	0	0	0	0	5,226,000	5,143,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	874,000	972,000	856,000	816,000	755,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	1,000	1,000	691,000	691,000	691,000	691,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	6,692,000	5,590,000	5,408,000	5,329,000	5,278,000	5,226,000	5,143,000	5,105,000	5,053,000	4,967,000	4,909,000	4,829,000	4,793,000	3,625,000	0	0	0	0	0	0	0	0	0	0
Cash	2,623,000	1,104,000	902,000	352,000	320,000	389,000	601,000	934,000	411,000	362,000	742,000	571,000	835,000	578,000	553,000	1,004,000	981,000	365,000	354,000	432,000	489,000	470,000	199,000	423,000	363,000
Cash And Equivalents	0	1,104,000	902,000	352,000	320,000	389,000	601,000	934,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	2,728,000	1,104,000	902,000	352,000	320,000	389,000	601,000	998,000	736,000	1,705,000	5,212,000	571,000	835,000	578,000	553,000	1,004,000	981,000	365,000	354,000	446,000	489,000	482,000	205,000	484,000	363,000
Common Stock	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,429,000	0
Common Stock Shares Outstanding	150,788	153,135	152,367	149,690	141,492	141,704	141,265	148,226	152,000	147,000	148,257	147,000	155,209	156,275	127,670	137,591	130,754	121,729	119,639	114,390	107,311	96,958	72,043	64,380	62,500
Common Stock Total Equity	0	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,429,000	0
Current Deferred Revenue	463,000	601,000	437,000	406,000	411,000	405,000	406,000	395,000	371,000	392,000	330,000	223,000	283,000	323,000	100,000	104,000	1,237,000	54,000	38,000	767,000	42,000	456,000	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	524,000	417,000	565,000	564,000	1,213,000	1,211,000	1,200,000	979,000	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	365,000	338,000	360,000	329,000	356,000	223,000	239,000	209,000	177,000	185,000	84,000	134,000	84,000	183,000	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	489,000	470,000	484,000	586,000	611,000	727,000	515,000	373,000	418,000	349,000	392,000	351,000	893,000	934,000	407,000	325,000	354,000	236,000	176,000	167,000	148,000	239,000	0	0	0
Intangible Assets	398,000	360,000	431,000	529,000	583,000	697,000	323,000	336,000	326,000	256,000	326,000	295,000	220,000	186,000	190,000	107,000	139,000	99,000	308,000	323,000	448,000	239,000	166,000	200,000	0
Inventory	7,567,000	8,408,000	8,402,000	7,172,000	5,038,000	5,871,000	5,074,000	4,773,000	4,438,000	5,502,000	5,796,000	6,590,000	5,733,000	6,635,000	4,862,000	5,653,000	5,924,000	3,684,000	2,769,000	2,636,000	2,867,000	2,407,000	1,368,000	1,311,000	923,000
Liabilities And Stockholders Equity	25,372,000	24,580,000	23,786,000	23,655,000	18,299,000	19,425,000	18,871,000	19,188,000	17,910,000	21,485,000	26,781,000	24,427,000	23,275,000	26,001,000	21,286,000	20,424,000	21,991,000	14,347,000	11,446,000	10,907,000	9,884,000	8,349,000	5,443,000	5,854,000	4,611,000
Long Term Debt	4,080,000	3,259,000	4,787,000	4,452,000	3,716,000	4,203,000	4,160,000	3,069,000	2,934,000	2,855,000	3,179,000	3,532,000	3,348,000	2,551,000	3,618,000	3,032,000	3,435,000	2,874,000	2,557,000	2,600,000	2,377,000	1,913,000	830,000	1,003,000	0
Long Term Debt Total	0	3,259,000	4,787,000	4,452,000	3,716,000	4,203,000	4,160,000	3,069,000	2,934,000	2,855,000	3,179,000	3,532,000	3,348,000	2,551,000	3,618,000	0	0	0	0	0	0	0	0	0	0
Long Term Investments	1,422,000	1,012,000	764,000	631,000	827,000	451,000	461,000	373,000	329,000	294,000	241,000	273,000	600,000	609,000	622,000	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	3,133,000	4,519,000	5,918,000	7,752,000	5,429,000	4,983,000	4,193,000	3,858,000	4,365,000	4,838,000	8,372,000	5,278,000	3,246,000	4,303,000	3,262,000	2,579,000	3,566,000	3,119,000	2,792,000	2,849,000	2,905,000	2,933,000	1,614,000	2,102,000	430,000
Net Invested Capital	15,732,000	4,651,000	5,964,000	12,667,000	10,217,000	10,855,000	11,252,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	3,024,000	2,829,000	2,117,000	1,717,000	1,687,000	1,637,000	1,501,000	1,676,000	1,717,000	1,971,000	2,144,000	2,471,000	2,459,000	2,901,000	2,363,000	2,420,000	2,909,000	1,879,000	1,702,000	1,928,000	1,495,000	1,168,000	881,000	873,000	0
Net Tangible Assets	0	8,945,000	6,910,000	5,260,000	4,965,000	4,483,000	5,620,000	5,745,000	5,044,000	7,188,000	8,486,000	9,564,000	9,904,000	10,410,000	7,344,000	0	0	0	0	0	0	0	0	0	0
Net Working Capital	8,663,000	7,158,000	7,136,000	5,196,000	3,653,000	3,896,000	4,188,000	3,408,000	3,576,000	4,376,000	5,127,000	5,703,000	6,229,000	5,811,000	5,576,000	5,102,000	5,684,000	3,878,000	2,947,000	2,766,000	2,481,000	1,655,000	938,000	681,000	0
Non Current Assets Total	9,022,000	7,822,000	7,359,000	7,474,000	8,069,000	8,357,000	8,468,000	8,096,000	7,006,000	8,319,000	9,119,000	10,016,000	10,099,000	10,186,000	9,503,000	7,054,000	7,473,000	5,954,000	4,882,000	4,239,000	3,466,000	2,900,000	2,159,000	2,427,000	0
Non Current Liabilities Other	108,000	1,214,000	996,000	657,000	711,000	892,000	916,000	853,000	750,000	969,000	757,000	810,000	771,000	808,000	913,000	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	5,870,000	5,024,000	6,670,000	6,465,000	5,692,000	5,875,000	5,299,000	4,161,000	3,930,000	3,861,000	4,158,000	4,464,000	4,253,000	3,443,000	4,714,000	4,028,000	4,460,000	3,754,000	3,278,000	3,350,000	3,016,000	2,588,000	1,228,000	1,426,000	793,000
Non Currrent Assets Other	285,000	627,000	719,000	746,000	678,000	823,000	1,028,000	927,000	780,000	1,217,000	1,521,000	1,996,000	1,658,000	1,945,000	1,958,000	1,028,000	1,155,000	810,000	627,000	543,000	366,000	349,000	224,000	199,000	0
Noncontrolling Interest In Consolidated Entity	0	732,000	156,000	136,000	117,000	205,000	209,000	199,000	211,000	244,000	231,000	393,000	368,000	334,000	871,000	0	0	0	0	0	0	0	0	0	0
Other Assets	0	1,339,000	1,269,000	2,584,000	1,037,000	1,190,000	1,478,000	1,397,000	538,000	973,000	1,009,000	1,895,000	1,688,000	1,526,000	1,433,000	1,748,000	1,875,000	1,524,000	1,100,000	828,000	610,000	553,000	295,000	314,000	4,611,000
Other Current Assets	3,031,000	4,381,000	4,742,000	6,268,000	3,113,000	3,171,000	3,227,000	3,645,000	4,013,000	3,988,000	4,455,000	3,775,000	4,149,000	5,701,000	3,499,000	4,025,000	4,056,000	2,316,000	1,637,000	1,526,000	1,567,000	1,305,000	746,000	738,000	0
Other Current Liab	2,450,000	2,796,000	3,113,000	4,872,000	1,848,000	2,097,000	1,780,000	2,081,000	2,442,000	2,719,000	2,748,000	2,503,000	2,758,000	3,714,000	2,635,000	3,383,000	2,424,000	1,523,000	1,187,000	556,000	1,200,000	568,000	588,000	385,000	0
Other Liab	0	1,214,000	996,000	1,017,000	1,040,000	1,248,000	1,108,000	1,074,000	959,000	969,000	757,000	810,000	771,000	808,000	913,000	864,000	876,000	700,000	576,000	518,000	433,000	422,000	272,000	282,000	0
Other Stockholder Equity	4,826,000	6,104,000	4,626,000	4,524,000	4,526,000	4,563,000	4,515,000	4,422,000	4,596,000	5,021,000	5,078,000	5,135,000	5,077,000	5,127,000	3,625,000	2,849,000	2,760,000	2,690,000	2,630,000	2,361,000	2,010,000	1,999,000	2,745,000	1,268,000	1,197,000
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	1,553,000	1,553,000	1,553,000	690,000	0	0	0	0	0	0	0
Property Plant And Equipment Gross	10,153,000	4,641,000	4,411,000	4,643,000	4,928,000	4,538,000	4,601,000	4,486,000	4,282,000	5,057,000	5,574,000	5,408,000	5,134,000	5,312,000	5,347,000	3,969,000	4,216,000	3,446,000	2,900,000	2,536,000	1,882,000	2,056,000	1,669,000	1,859,000	0
Property Plant And Equipment Net	5,467,000	4,641,000	4,411,000	4,643,000	4,928,000	5,201,000	5,310,000	5,099,000	4,736,000	5,626,000	6,075,000	5,888,000	5,517,000	5,312,000	5,347,000	3,969,000	4,216,000	3,446,000	2,900,000	2,536,000	1,882,000	2,056,000	1,669,000	1,859,000	0
Property Plant Equipment	0	4,641,000	4,411,000	3,775,000	4,132,000	5,201,000	5,310,000	5,099,000	4,736,000	5,626,000	6,075,000	5,888,000	5,517,000	5,312,000	5,347,000	3,969,000	4,216,000	3,446,000	2,900,000	2,536,000	2,090,000	2,056,000	1,669,000	1,859,000	0
Retained Earnings	12,077,000	10,222,000	8,979,000	7,236,000	6,437,000	8,059,000	8,081,000	8,208,000	7,725,000	7,180,000	6,891,000	6,792,000	6,917,000	6,153,000	3,996,000	3,844,000	2,962,000	2,350,000	1,907,000	1,440,000	1,022,000	653,000	435,000	309,000	0
Retained Earnings Total Equity	0	10,222,000	8,979,000	7,236,000	6,437,000	8,059,000	8,081,000	8,208,000	7,725,000	7,180,000	6,891,000	6,792,000	6,917,000	6,153,000	3,996,000	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	802,000	1,392,000	1,177,000	2,836,000	1,278,000	1,169,000	634,000	1,723,000	872,000	408,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	5,756,000	5,623,000	6,820,000	8,104,000	5,749,000	5,372,000	4,794,000	4,792,000	4,776,000	5,200,000	9,114,000	5,849,000	4,081,000	4,881,000	3,815,000	3,583,000	4,547,000	3,484,000	3,146,000	3,281,000	3,394,000	3,403,000	1,813,000	2,525,000	793,000
Short Term Debt	1,110,000	1,817,000	1,527,000	3,071,000	1,494,000	1,169,000	634,000	1,723,000	1,842,000	2,346,000	5,935,000	2,317,000	733,000	2,330,000	197,000	551,000	1,112,000	610,000	589,000	681,000	1,017,000	1,499,000	983,000	1,522,000	0
Short Term Investments	105,000	119,000	520,000	346,000	393,000	162,000	213,000	64,000	325,000	1,343,000	4,470,000	3,153,000	402,000	39,000	15,000	0	5,000	3,000	9,000	14,000	13,000	12,000	6,000	61,000	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	25,372,000	24,580,000	23,786,000	23,655,000	18,299,000	19,425,000	18,871,000	19,188,000	17,910,000	21,485,000	26,781,000	24,081,000	23,275,000	26,001,000	21,286,000	20,424,000	21,991,000	14,347,000	11,446,000	10,907,000	9,884,000	8,349,000	5,443,000	5,854,000	4,611,000
Total Current Assets	16,350,000	16,758,000	16,427,000	16,181,000	10,230,000	11,068,000	10,403,000	11,092,000	10,904,000	13,166,000	17,662,000	14,065,000	13,176,000	15,815,000	11,783,000	13,370,000	14,518,000	8,393,000	6,564,000	6,668,000	6,418,000	5,449,000	3,284,000	3,427,000	1,286,000
Total Current Liabilities	7,687,000	9,600,000	9,291,000	10,985,000	6,577,000	7,172,000	6,215,000	7,684,000	7,328,000	8,790,000	12,535,000	8,362,000	6,947,000	10,004,000	6,207,000	8,268,000	8,834,000	4,515,000	3,617,000	3,902,000	3,937,000	3,794,000	2,346,000	2,746,000	0
Total Liab	13,557,000	14,624,000	15,961,000	17,450,000	12,269,000	13,047,000	11,514,000	11,845,000	11,258,000	12,651,000	16,693,000	12,826,000	11,200,000	13,447,000	10,921,000	12,296,000	13,294,000	8,269,000	6,895,000	7,252,000	6,953,000	6,382,000	3,574,000	4,172,000	3,414,000
Total Permanent Equity	0	0	0	0	0	0	7,357,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	10,851,000	9,956,000	7,825,000	6,205,000	6,030,000	6,378,000	7,357,000	7,343,000	6,652,000	8,834,000	10,088,000	11,208,000	12,075,000	12,554,000	9,494,000	7,436,000	7,945,000	5,668,000	4,226,000	3,375,000	2,377,000	1,472,000	1,376,000	1,139,000	1,197,000
Treasury Stock	0	-1,320,000	-1,120,000	-1,020,000	-920,000	-920,000	-920,000	-920,000	-720,000	-420,000	-120,000	-120,000	-120,000	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	4,000	381,000	415,000	397,000	424,000	0	0	37,000	37,000	37,000	38,000	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31
Accounts Payable	3,664,000	3,975,000	4,248,000	5,476,000	4,386,000	4,455,000	5,347,000	5,836,000	4,214,000	3,944,000	3,634,000	3,842,000	2,636,000	2,708,000	2,602,000	3,368,000	2,824,000	3,046,000	3,053,000	3,841,000	3,501,000	3,274,000	3,138,000	3,909,000	3,395,000	3,650,000	3,513,000	3,898,000	3,485,000	3,205,000	2,805,000	3,284,000	2,673,000	3,465,000	3,384,000	3,155,000	3,333,000	3,831,000	3,427,000	3,828,000	3,522,000	3,421,000	3,482,000	3,643,000	3,319,000	3,701,000	3,048,000	3,834,000	3,173,000	3,203,000	3,404,000	4,033,000	3,637,000	3,856,000	3,278,000	3,285,000	3,275,000	3,106,000	3,361,000	2,976,000	4,158,000	5,634,000	5,503,000	4,501,000	4,061,000	3,614,000	2,984,000	2,609,000	2,328,000	2,008,000	1,943,000	1,666,000	1,803,000	2,027,000	2,042,000	1,839,000	1,898,000	2,262,000	1,946,000	1,946,000	1,678,000	1,609,000	1,582,000	1,226,000	1,271,000	953,000	975,000	743,000	775,000	805,000	783,000	705,000	839,000
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-6,054,000	-6,224,000	-6,091,000	-6,171,000	-6,371,000	-6,611,000	-6,436,000	-6,213,000	-6,471,000	-6,436,000	-6,258,000	-6,484,000	-6,246,000	-6,504,000	-6,515,000	-6,411,000	-5,624,000	-7,234,000	-6,919,000	-7,000,000	-6,935,000	-6,958,000	-6,795,000	-5,947,000	-5,930,000	-5,662,000	-5,951,000	-5,726,000	-5,978,000	-5,825,000	-5,718,000	-6,026,000	-6,360,000	-6,212,000	-5,167,000	-5,332,000	-4,058,000	-3,244,000	-2,254,000	-2,461,000	-2,572,000	-2,290,000	-2,139,000	-1,326,000	-1,410,000	-1,306,000	-1,365,000	-265,000	-610,000	-419,000	1,224,000	874,000	583,000	465,000	-25,000	229,000	319,000	269,000	-152,000	-878,000	-811,000	214,000	1,200,000	745,000	669,000	511,000	290,000	66,000	-63,000	-85,000	-78,000	-98,000	-312,000	-147,000	-281,000	-470,000	-427,000	-603,000	-671,000	-1,548,000	-656,000	-744,000	-759,000	-1,082,000	-1,181,000	-1,354,000	-1,053,000	-839,000	-766,000	-859,000	-721,000	-668,000	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,264,000	5,253,000	5,233,000	5,226,000	5,223,000	5,212,000	5,195,000	5,143,000	5,133,000	5,120,000	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
Capital Lease Obligations	874,000	812,000	899,000	898,000	972,000	1,038,000	981,000	936,000	856,000	854,000	804,000	797,000	816,000	817,000	723,000	711,000	755,000	711,000	981,000	964,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	691,000	691,000	691,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	6,727,000	6,706,000	6,688,000	6,692,000	6,655,000	6,595,000	6,332,000	5,590,000	5,530,000	5,512,000	5,468,000	5,408,000	5,376,000	5,356,000	5,344,000	5,329,000	5,312,000	5,300,000	5,284,000	5,278,000	5,264,000	5,253,000	5,233,000	5,226,000	5,223,000	5,212,000	5,195,000	5,143,000	5,133,000	5,120,000	5,108,000	5,105,000	5,102,000	5,092,000	5,070,000	5,053,000	5,000,000	4,996,000	4,986,000	4,967,000	4,945,000	4,923,000	4,920,000	4,909,000	4,896,000	4,868,000	4,855,000	4,829,000	4,817,000	4,831,000	4,816,000	4,793,000	4,270,000	4,252,000	4,196,000	3,625,000	3,618,000	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
Cash	2,623,000	2,173,000	1,330,000	3,052,000	1,104,000	956,000	818,000	386,000	902,000	1,033,000	464,000	226,000	352,000	291,000	277,000	193,000	320,000	291,000	238,000	464,000	389,000	267,000	221,000	287,000	601,000	389,000	575,000	676,000	934,000	297,000	548,000	523,000	411,000	303,000	426,000	380,000	362,000	357,000	523,000	632,000	742,000	1,487,000	726,000	801,000	571,000	690,000	467,000	1,250,000	835,000	1,055,000	470,000	812,000	1,504,000	350,000	2,771,000	473,000	553,000	1,101,000	489,000	498,000	1,004,000	1,494,000	1,100,000	723,000	981,000	845,000	466,000	485,000	365,000	287,000	279,000	280,000	354,000	326,000	414,000	339,000	432,000	610,000	523,000	523,000	489,000	501,000	441,000	396,000	470,000	231,000	289,000	234,000	199,000	191,000	231,000	324,000	423,000
Cash And Equivalents	0	2,173,000	1,330,000	3,052,000	1,104,000	956,000	818,000	386,000	902,000	1,033,000	464,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	2,728,000	2,173,000	1,330,000	3,052,000	1,104,000	1,046,000	990,000	650,000	902,000	1,033,000	464,000	577,000	352,000	291,000	598,000	193,000	320,000	750,000	752,000	807,000	389,000	386,000	558,000	287,000	601,000	933,000	865,000	853,000	998,000	637,000	1,040,000	765,000	736,000	599,000	667,000	870,000	1,705,000	3,272,000	3,607,000	3,891,000	5,212,000	6,083,000	5,413,000	5,176,000	571,000	690,000	467,000	1,250,000	1,237,000	1,055,000	470,000	812,000	1,543,000	350,000	2,771,000	473,000	553,000	1,101,000	489,000	498,000	1,004,000	1,494,000	1,100,000	723,000	981,000	864,000	481,000	487,000	365,000	287,000	279,000	291,000	354,000	326,000	414,000	339,000	446,000	610,000	523,000	0	489,000	501,000	454,000	396,000	482,000	247,000	305,000	248,000	205,000	250,000	343,000	347,000	0
Common Stock	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,429,000	1,429,000	644
Common Stock Shares Outstanding	147,000	151,217	152,179	152,264	152,000	152,420	154,073	153,621	152,000	152,539	152,680	150,612	149,000	148,550	150,203	141,899	142,000	141,562	150,137	141,559	141,111	149,905	140,959	140,737	141,000	141,556	141,399	140,897	148,000	139,928	139,765	149,213	151,000	152,000	145,000	153,818	146,000	154,000	155,039	147,136	149,000	147,349	147,874	147,868	146,348	155,000	154,000	147,000	147,000	147,632	156,177	155,647	155,647	147,993	159,449	141,287	144,153	143,540	137,576	121,730	121,730	137,839	137,788	137,605	128,571	129,795	122,308	120,000	120,000	120,714	120,000	120,833	120,833	120,567	120,213	119,512	119,512	118,954	107,692	107,692	107,692	101,224	101,111	100,502	100,502	100,018	100,077	86,271	86,271	75,260	64,380	64,380	0
Common Stock Total Equity	0	0	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,429,000	1,429,000	0
Current Deferred Revenue	463,000	372,000	380,000	485,000	601,000	339,000	378,000	413,000	437,000	276,000	258,000	333,000	406,000	290,000	322,000	325,000	411,000	227,000	237,000	310,000	405,000	226,000	308,000	310,000	406,000	196,000	246,000	341,000	395,000	213,000	265,000	315,000	371,000	257,000	239,000	282,000	392,000	212,000	235,000	276,000	330,000	305,000	407,000	326,000	223,000	392,000	567,000	352,000	283,000	369,000	0	0	323,000	72,000	68,000	95,000	100,000	106,000	104,000	78,000	104,000	1,487,000	1,355,000	1,245,000	1,237,000	1,071,000	811,000	698,000	149,000	41,000	35,000	649,000	102,000	100,000	56,000	38,000	767,000	33,000	54,000	0	42,000	0	550,000	501,000	456,000	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	543,000	515,000	524,000	558,000	586,000	557,000	417,000	454,000	545,000	381,000	565,000	350,000	580,000	603,000	564,000	689,000	1,157,000	1,163,000	1,213,000	1,326,000	1,276,000	1,330,000	1,211,000	1,182,000	1,297,000	1,297,000	1,200,000	1,060,000	966,000	948,000	979,000	1,150,000	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
Deferred Long Term Liab	0	0	381,000	375,000	365,000	335,000	315,000	354,000	338,000	323,000	413,000	384,000	360,000	335,000	309,000	294,000	329,000	333,000	349,000	323,000	356,000	361,000	355,000	361,000	223,000	246,000	268,000	216,000	239,000	214,000	207,000	212,000	209,000	136,000	155,000	168,000	177,000	210,000	237,000	234,000	185,000	71,000	61,000	62,000	84,000	105,000	155,000	161,000	134,000	85,000	79,000	145,000	84,000	120,000	115,000	112,000	183,000	164,000	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
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	489,000	472,000	484,000	478,000	470,000	445,000	468,000	497,000	484,000	562,000	579,000	556,000	586,000	559,000	550,000	553,000	611,000	701,000	729,000	723,000	727,000	723,000	728,000	800,000	515,000	515,000	504,000	497,000	373,000	371,000	440,000	429,000	418,000	296,000	330,000	318,000	349,000	372,000	399,000	396,000	392,000	331,000	331,000	351,000	351,000	878,000	880,000	915,000	893,000	867,000	1,021,000	969,000	934,000	950,000	960,000	949,000	427,000	377,000	376,000	324,000	325,000	366,000	409,000	387,000	354,000	251,000	249,000	238,000	236,000	189,000	188,000	185,000	176,000	194,000	189,000	166,000	167,000	248,000	145,000	145,000	148,000	169,000	157,000	150,000	239,000	143,000	220,000	252,000	0	0	0	0	0
Intangible Assets	398,000	417,000	346,000	356,000	360,000	350,000	383,000	416,000	431,000	482,000	502,000	496,000	529,000	524,000	524,000	533,000	583,000	606,000	643,000	657,000	697,000	711,000	738,000	801,000	323,000	338,000	362,000	365,000	336,000	318,000	329,000	339,000	326,000	228,000	247,000	266,000	256,000	284,000	305,000	313,000	326,000	296,000	311,000	287,000	295,000	303,000	306,000	270,000	220,000	190,000	217,000	213,000	186,000	196,000	191,000	205,000	170,000	152,000	114,000	105,000	107,000	115,000	162,000	137,000	139,000	112,000	105,000	101,000	99,000	123,000	126,000	132,000	308,000	378,000	367,000	336,000	323,000	358,000	248,000	248,000	448,000	169,000	157,000	150,000	239,000	143,000	220,000	252,000	166,000	163,000	193,000	186,000	200,000
Inventory	7,567,000	7,548,000	8,806,000	8,952,000	8,408,000	8,112,000	10,481,000	10,988,000	8,402,000	8,014,000	8,460,000	8,616,000	7,172,000	6,463,000	6,007,000	5,451,000	5,038,000	5,466,000	5,875,000	5,938,000	5,871,000	7,183,000	7,062,000	6,952,000	5,074,000	5,848,000	5,454,000	5,188,000	4,773,000	5,173,000	5,966,000	4,807,000	4,438,000	5,013,000	5,443,000	4,778,000	5,502,000	4,987,000	6,145,000	6,452,000	5,796,000	5,881,000	6,391,000	6,074,000	6,590,000	8,115,000	7,930,000	6,368,000	5,733,000	6,247,000	6,974,000	6,719,000	6,635,000	5,568,000	4,571,000	3,955,000	4,862,000	4,835,000	6,690,000	4,961,000	5,653,000	6,995,000	8,792,000	6,512,000	5,924,000	5,622,000	4,839,000	3,910,000	3,684,000	3,430,000	3,300,000	2,698,000	2,769,000	3,049,000	3,592,000	2,866,000	2,636,000	2,775,000	3,950,000	3,950,000	2,867,000	2,382,000	2,754,000	2,401,000	2,407,000	1,863,000	1,948,000	1,576,000	1,368,000	1,564,000	1,777,000	1,169,000	1,311,000
Liabilities And Stockholders Equity	25,372,000	25,133,000	25,712,000	27,110,000	24,580,000	24,792,000	27,419,000	28,724,000	23,786,000	24,109,000	25,085,000	24,533,000	23,655,000	20,761,000	18,559,000	18,596,000	18,299,000	18,634,000	20,424,000	20,535,000	19,425,000	21,446,000	22,124,000	23,084,000	18,871,000	20,552,000	20,433,000	20,620,000	19,188,000	20,045,000	22,095,000	18,939,000	17,910,000	18,439,000	19,429,000	18,481,000	21,485,000	24,145,000	26,011,000	27,455,000	26,781,000	28,669,000	30,641,000	30,217,000	24,427,000	28,635,000	26,713,000	25,850,000	23,275,000	24,901,000	26,508,000	26,473,000	26,001,000	23,101,000	22,094,000	22,572,000	21,286,000	21,860,000	21,808,000	18,189,000	20,230,000	24,640,000	27,662,000	23,647,000	21,991,000	20,826,000	18,029,000	15,386,000	14,347,000	13,221,000	12,424,000	11,579,000	11,446,000	12,203,000	12,023,000	11,050,000	10,907,000	10,808,000	11,225,000	10,661,000	9,884,000	8,681,000	9,078,000	8,562,000	8,349,000	5,342,000	5,674,000	5,483,000	5,443,000	5,306,000	5,585,000	5,147,000	0
Long Term Debt	4,080,000	3,967,000	4,278,000	4,312,000	3,259,000	2,997,000	3,062,000	4,040,000	4,787,000	4,814,000	5,334,000	4,341,000	4,452,000	4,419,000	3,980,000	3,753,000	3,716,000	4,581,000	4,039,000	3,821,000	4,203,000	4,912,000	4,992,000	5,446,000	4,160,000	4,246,000	3,918,000	3,266,000	3,069,000	3,447,000	3,388,000	3,845,000	2,934,000	2,583,000	2,496,000	2,337,000	2,855,000	2,720,000	4,231,000	3,875,000	3,179,000	3,169,000	3,513,000	3,897,000	3,532,000	4,142,000	4,247,000	4,471,000	3,348,000	3,468,000	3,504,000	3,041,000	2,551,000	2,378,000	2,828,000	3,544,000	3,618,000	3,625,000	3,921,000	2,998,000	3,032,000	2,961,000	3,727,000	3,322,000	3,435,000	3,480,000	3,670,000	3,373,000	2,874,000	3,114,000	2,872,000	2,485,000	2,557,000	2,875,000	3,137,000	2,728,000	2,600,000	2,634,000	2,826,000	2,331,000	2,377,000	1,684,000	1,910,000	1,911,000	1,913,000	1,308,000	761,000	731,000	830,000	809,000	878,000	950,000	1,003,000
Long Term Debt Total	0	3,967,000	4,278,000	4,312,000	3,259,000	2,997,000	3,062,000	4,040,000	4,787,000	4,814,000	5,334,000	4,341,000	4,452,000	4,419,000	3,980,000	3,753,000	3,716,000	4,581,000	4,039,000	3,821,000	4,203,000	4,912,000	4,992,000	5,446,000	4,160,000	4,246,000	3,918,000	3,266,000	3,069,000	3,447,000	3,388,000	3,845,000	2,934,000	2,583,000	2,496,000	2,337,000	2,855,000	2,720,000	4,231,000	3,875,000	3,179,000	3,169,000	3,513,000	3,897,000	3,532,000	4,142,000	4,247,000	4,471,000	3,348,000	3,468,000	3,504,000	3,041,000	2,551,000	2,378,000	2,828,000	3,544,000	3,618,000	3,625,000	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
Long Term Investments	1,422,000	1,201,000	1,157,000	1,129,000	1,012,000	1,199,000	986,000	898,000	764,000	755,000	714,000	645,000	631,000	583,000	565,000	686,000	827,000	472,000	474,000	463,000	451,000	454,000	448,000	462,000	461,000	418,000	426,000	419,000	373,000	343,000	337,000	330,000	329,000	411,000	284,000	286,000	294,000	287,000	274,000	252,000	241,000	276,000	273,000	277,000	273,000	282,000	278,000	627,000	600,000	612,000	602,000	605,000	609,000	599,000	584,000	586,000	622,000	801,000	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
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	3,133,000	3,821,000	4,518,000	3,566,000	4,519,000	5,179,000	6,682,000	7,030,000	5,918,000	6,296,000	7,533,000	7,627,000	7,752,000	7,064,000	6,483,000	5,516,000	5,429,000	6,891,000	7,091,000	6,468,000	4,983,000	7,033,000	7,759,000	6,784,000	4,193,000	5,478,000	5,234,000	4,521,000	3,858,000	5,105,000	6,072,000	4,587,000	4,365,000	3,927,000	4,420,000	3,840,000	4,838,000	6,528,000	8,208,000	8,558,000	8,372,000	9,084,000	11,078,000	9,828,000	5,278,000	7,242,000	6,427,000	3,993,000	3,246,000	3,981,000	4,554,000	3,876,000	3,377,000	3,000,000	1,073,000	3,659,000	3,262,000	2,977,000	4,761,000	3,185,000	2,579,000	2,799,000	4,646,000	4,270,000	3,566,000	4,270,000	4,133,000	3,418,000	3,119,000	3,754,000	3,389,000	2,935,000	2,792,000	3,314,000	3,487,000	3,194,000	2,849,000	2,296,000	3,692,000	3,692,000	2,905,000	2,086,000	2,654,000	2,998,000	2,933,000	1,371,000	1,531,000	1,514,000	1,614,000	1,781,000	2,350,000	1,788,000	0
Net Invested Capital	15,732,000	5,182,000	4,949,000	5,720,000	4,651,000	13,802,000	15,251,000	15,061,000	5,964,000	6,475,000	7,193,000	13,003,000	12,667,000	11,175,000	10,440,000	9,170,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	3,024,000	2,509,000	2,599,000	2,789,000	2,829,000	2,852,000	2,916,000	2,976,000	2,117,000	2,431,000	2,526,000	2,617,000	1,717,000	1,623,000	1,853,000	1,616,000	1,687,000	2,296,000	2,198,000	2,238,000	1,637,000	2,263,000	2,442,000	1,686,000	1,501,000	2,561,000	2,240,000	2,119,000	1,676,000	2,131,000	2,006,000	1,958,000	1,717,000	1,908,000	1,933,000	1,794,000	1,971,000	2,442,000	3,426,000	2,617,000	2,144,000	2,350,000	3,010,000	2,957,000	2,471,000	3,689,000	2,805,000	2,908,000	3,179,000	2,515,000	3,037,000	3,138,000	3,401,000	3,003,000	2,489,000	2,368,000	2,363,000	2,381,000	2,098,000	1,939,000	2,868,000	4,143,000	3,997,000	3,343,000	2,909,000	2,997,000	2,782,000	2,447,000	1,879,000	2,008,000	1,690,000	1,611,000	1,702,000	2,081,000	1,802,000	1,799,000	1,928,000	1,936,000	1,587,000	1,587,000	1,495,000	1,355,000	1,370,000	1,270,000	1,168,000	649,000	767,000	811,000	881,000	784,000	700,000	742,000	0
Net Tangible Assets	0	9,362,000	10,278,000	9,615,000	8,945,000	8,514,000	8,817,000	8,597,000	6,910,000	5,761,000	5,413,000	5,924,000	5,260,000	4,541,000	4,229,000	3,974,000	4,965,000	3,396,000	5,444,000	5,190,000	4,483,000	4,594,000	4,431,000	5,244,000	5,620,000	6,003,000	5,671,000	5,876,000	5,745,000	5,704,000	5,707,000	5,355,000	5,044,000	5,270,000	6,173,000	5,955,000	7,188,000	8,011,000	8,815,000	8,469,000	8,486,000	8,749,000	9,063,000	9,793,000	9,564,000	9,777,000	9,388,000	10,250,000	9,904,000	9,931,000	11,431,000	10,852,000	10,410,000	9,131,000	8,704,000	7,238,000	7,344,000	7,440,000	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
Net Working Capital	8,663,000	8,379,000	8,909,000	8,632,000	7,158,000	6,628,000	6,631,000	7,030,000	7,136,000	6,775,000	7,234,000	5,945,000	5,196,000	4,569,000	3,972,000	3,078,000	3,653,000	3,457,000	3,650,000	3,186,000	3,896,000	4,810,000	4,475,000	4,826,000	4,188,000	4,517,000	3,981,000	3,392,000	3,408,000	3,642,000	3,553,000	4,331,000	3,576,000	3,336,000	3,597,000	3,433,000	4,376,000	4,688,000	6,295,000	5,732,000	5,127,000	5,445,000	5,524,000	6,227,000	5,703,000	6,459,000	6,686,000	7,135,000	6,181,000	6,556,000	7,287,000	6,547,000	5,811,000	5,661,000	6,822,000	4,532,000	5,576,000	5,820,000	5,436,000	4,628,000	5,102,000	6,218,000	7,219,000	5,644,000	5,684,000	4,804,000	4,859,000	4,300,000	3,878,000	3,515,000	3,282,000	2,888,000	2,947,000	3,167,000	3,434,000	2,918,000	2,766,000	3,028,000	2,485,000	2,485,000	2,481,000	1,733,000	1,936,000	2,144,000	1,655,000	1,618,000	1,018,000	1,022,000	938,000	805,000	511,000	616,000	0
Non Current Assets Total	9,022,000	8,509,000	8,512,000	8,070,000	7,822,000	7,597,000	7,687,000	7,834,000	7,359,000	7,575,000	7,530,000	7,248,000	7,474,000	7,260,000	7,091,000	7,496,000	8,069,000	7,808,000	9,317,000	9,296,000	8,357,000	8,335,000	8,606,000	9,708,000	8,468,000	8,567,000	8,519,000	8,612,000	8,096,000	8,122,000	8,227,000	7,516,000	7,006,000	6,933,000	7,611,000	7,391,000	8,319,000	8,528,000	9,339,000	9,264,000	9,119,000	8,965,000	9,660,000	10,106,000	10,016,000	10,589,000	10,353,000	11,099,000	10,147,000	9,728,000	10,872,000	10,570,000	10,186,000	9,775,000	9,138,000	11,150,000	9,503,000	9,354,000	8,482,000	7,123,000	7,054,000	7,358,000	8,154,000	7,774,000	7,473,000	7,066,000	6,569,000	6,267,000	5,954,000	5,417,000	5,257,000	5,208,000	4,882,000	4,884,000	4,517,000	4,280,000	4,239,000	3,767,000	3,446,000	0	3,466,000	3,265,000	3,126,000	2,471,000	2,900,000	1,603,000	1,959,000	2,225,000	2,159,000	2,012,000	2,247,000	2,304,000	0
Non Current Liabilities Other	108,000	1,280,000	1,252,000	1,177,000	1,214,000	99,000	816,000	800,000	996,000	980,000	1,077,000	658,000	657,000	637,000	665,000	667,000	711,000	769,000	879,000	874,000	892,000	947,000	950,000	980,000	916,000	842,000	879,000	889,000	853,000	826,000	845,000	786,000	750,000	851,000	891,000	856,000	969,000	686,000	735,000	731,000	757,000	813,000	870,000	888,000	810,000	745,000	765,000	811,000	771,000	702,000	825,000	826,000	808,000	803,000	757,000	1,092,000	913,000	992,000	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
Non Current Liabilities Total	5,870,000	5,745,000	6,063,000	5,983,000	5,024,000	4,852,000	4,778,000	5,753,000	6,670,000	6,719,000	7,433,000	6,412,000	6,465,000	6,378,000	5,854,000	5,602,000	5,692,000	6,616,000	6,442,000	6,178,000	5,875,000	6,658,000	6,738,000	7,257,000	5,299,000	5,334,000	5,065,000	4,371,000	4,161,000	4,487,000	4,440,000	4,884,000	3,930,000	3,608,000	3,578,000	3,395,000	3,861,000	3,654,000	5,243,000	4,935,000	4,158,000	4,059,000	4,477,000	4,879,000	4,464,000	5,039,000	5,167,000	5,464,000	4,253,000	4,255,000	4,408,000	4,012,000	3,443,000	3,301,000	4,273,000	4,809,000	4,714,000	4,781,000	5,008,000	3,975,000	4,720,000	4,106,000	5,022,000	4,420,000	4,460,000	4,562,000	4,774,000	4,355,000	3,754,000	3,837,000	3,635,000	3,243,000	3,278,000	3,702,000	3,925,000	3,490,000	3,350,000	3,287,000	2,939,000	0	3,016,000	2,253,000	2,418,000	2,498,000	2,588,000	1,637,000	1,101,000	1,122,000	1,228,000	1,156,000	1,250,000	1,360,000	0
Non Currrent Assets Other	285,000	640,000	725,000	699,000	627,000	466,000	483,000	563,000	719,000	656,000	685,000	591,000	746,000	692,000	568,000	722,000	678,000	635,000	674,000	736,000	823,000	763,000	834,000	1,079,000	1,028,000	952,000	886,000	939,000	927,000	846,000	1,036,000	977,000	780,000	928,000	1,071,000	936,000	1,217,000	1,316,000	1,197,000	1,534,000	1,521,000	1,514,000	1,826,000	2,011,000	1,996,000	1,959,000	2,017,000	2,166,000	2,089,000	1,608,000	1,895,000	1,922,000	1,945,000	1,978,000	1,786,000	3,809,000	1,958,000	1,823,000	1,649,000	1,177,000	1,028,000	1,029,000	1,131,000	1,120,000	1,155,000	1,113,000	902,000	931,000	810,000	734,000	653,000	704,000	627,000	612,000	518,000	557,000	543,000	443,000	364,000	900,000	366,000	925,000	970,000	303,000	349,000	162,000	191,000	181,000	224,000	180,000	215,000	197,000	0
Noncontrolling Interest In Consolidated Entity	0	0	783,000	764,000	732,000	666,000	457,000	160,000	156,000	136,000	147,000	144,000	136,000	124,000	116,000	110,000	117,000	189,000	194,000	204,000	205,000	207,000	197,000	212,000	209,000	204,000	208,000	205,000	199,000	194,000	174,000	191,000	211,000	215,000	226,000	234,000	244,000	243,000	222,000	231,000	231,000	265,000	345,000	365,000	393,000	408,000	608,000	645,000	368,000	351,000	392,000	381,000	334,000	305,000	279,000	886,000	871,000	871,000	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
Other Assets	0	749,000	1,422,000	-68,000	1,339,000	1,322,000	1,105,000	1,252,000	1,269,000	1,208,000	984,000	1,054,000	2,584,000	875,000	863,000	1,050,000	1,037,000	1,080,000	587,000	533,000	1,190,000	1,197,000	1,344,000	1,508,000	3,158,000	3,147,000	3,188,000	3,261,000	2,997,000	2,953,000	3,144,000	2,632,000	2,270,000	2,317,000	2,477,000	2,312,000	2,725,000	2,609,000	3,049,000	3,067,000	2,934,000	3,198,000	3,898,000	4,089,000	4,128,000	4,748,000	4,757,000	5,254,000	4,630,000	4,459,000	5,032,000	5,006,000	4,874,000	4,783,000	4,487,000	6,540,000	4,156,000	4,303,000	3,898,000	3,205,000	3,085,000	3,060,000	3,442,000	3,435,000	3,257,000	3,099,000	2,830,000	2,723,000	2,508,000	2,252,000	2,154,000	2,184,000	1,982,000	1,932,000	1,728,000	1,730,000	1,703,000	1,629,000	1,388,000	1,380,000	1,376,000	1,365,000	1,253,000	721,000	844,000	382,000	520,000	557,000	490,000	471,000	556,000	539,000	568,000
Other Current Assets	3,031,000	4,393,000	4,465,000	4,247,000	4,381,000	328,000	286,000	220,000	4,742,000	5,056,000	5,681,000	236,000	6,268,000	4,729,000	189,000	3,789,000	3,113,000	193,000	235,000	214,000	3,171,000	200,000	218,000	4,451,000	3,227,000	277,000	505,000	475,000	3,645,000	410,000	325,000	3,893,000	4,013,000	3,986,000	3,775,000	410,000	3,988,000	4,916,000	654,000	5,231,000	4,455,000	5,172,000	5,098,000	4,839,000	3,775,000	5,552,000	5,158,000	4,225,000	424,000	5,356,000	5,155,000	5,234,000	872,000	4,262,000	2,980,000	4,382,000	3,499,000	3,893,000	3,728,000	3,320,000	3,268,000	4,047,000	4,954,000	4,599,000	4,056,000	3,706,000	2,894,000	1,935,000	2,316,000	1,979,000	1,790,000	1,540,000	1,637,000	1,715,000	1,549,000	1,660,000	1,526,000	1,609,000	1,719,000	1,600,000	1,567,000	1,101,000	1,256,000	1,952,000	1,305,000	877,000	622,000	560,000	746,000	676,000	494,000	562,000	534,000
Other Current Liab	2,450,000	2,366,000	2,622,000	2,631,000	2,796,000	3,237,000	3,523,000	4,794,000	3,113,000	3,546,000	4,305,000	4,209,000	4,872,000	3,582,000	2,295,000	2,867,000	1,848,000	2,015,000	1,627,000	1,530,000	2,097,000	2,413,000	2,609,000	2,706,000	1,780,000	2,001,000	2,283,000	2,446,000	2,081,000	2,908,000	4,013,000	2,228,000	2,442,000	2,801,000	2,248,000	2,337,000	2,719,000	2,721,000	2,215,000	3,040,000	2,748,000	2,803,000	2,979,000	2,865,000	2,503,000	3,704,000	3,412,000	2,625,000	2,758,000	3,477,000	3,425,000	3,676,000	3,714,000	2,765,000	2,345,000	2,961,000	2,635,000	3,021,000	3,096,000	2,699,000	3,261,000	2,611,000	3,412,000	2,812,000	2,424,000	2,636,000	1,877,000	982,000	1,428,000	1,313,000	1,111,000	438,000	1,123,000	1,260,000	1,210,000	1,170,000	556,000	1,446,000	1,410,000	1,464,000	1,200,000	1,171,000	699,000	737,000	568,000	874,000	663,000	476,000	588,000	521,000	341,000	360,000	385,000
Other Liab	0	1,280,000	0	1,177,000	1,214,000	1,253,000	1,131,000	1,154,000	996,000	980,000	1,077,000	1,042,000	1,017,000	972,000	974,000	961,000	1,040,000	1,102,000	1,228,000	1,197,000	1,215,000	1,308,000	1,305,000	1,286,000	916,000	842,000	879,000	889,000	853,000	826,000	845,000	786,000	750,000	851,000	891,000	856,000	969,000	686,000	735,000	731,000	757,000	813,000	870,000	888,000	810,000	745,000	765,000	811,000	771,000	702,000	825,000	826,000	808,000	803,000	757,000	1,092,000	913,000	992,000	942,000	853,000	864,000	981,000	1,146,000	949,000	876,000	904,000	911,000	794,000	700,000	577,000	618,000	607,000	576,000	594,000	564,000	541,000	518,000	653,000	590,000	608,000	433,000	380,000	408,000	368,000	422,000	204,000	250,000	271,000	272,000	233,000	247,000	283,000	282,000
Other Stockholder Equity	4,826,000	4,919,000	5,386,000	6,132,000	6,104,000	5,335,000	5,475,000	5,212,000	4,626,000	4,546,000	4,639,000	4,448,000	4,524,000	4,480,000	4,336,000	4,534,000	4,526,000	4,392,000	4,380,000	4,364,000	4,563,000	4,344,000	4,333,000	4,525,000	4,515,000	4,303,000	4,292,000	4,275,000	4,422,000	4,213,000	4,200,000	4,398,000	4,596,000	4,597,000	4,698,000	4,450,000	5,021,000	4,823,000	4,676,000	5,005,000	5,078,000	5,096,000	5,101,000	5,118,000	5,135,000	5,137,000	5,356,000	5,380,000	4,709,000	5,048,000	5,223,000	5,197,000	4,793,000	11,365,000	4,145,000	4,196,000	3,625,000	3,618,000	2,857,000	2,851,000	2,849,000	2,845,000	2,816,000	2,789,000	2,760,000	2,751,000	2,737,000	2,726,000	2,690,000	2,688,000	2,657,000	2,652,000	2,630,000	2,388,000	2,375,000	2,364,000	2,361,000	2,352,000	2,017,000	0	2,010,000	2,010,000	2,008,000	2,006,000	1,999,000	2,320,000	2,697,000	2,987,000	2,745,000	2,589,000	1,065,000	1,140,000	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	690,000	1,553,000	1,553,000	1,553,000	1,553,000	1,553,000	1,553,000	1,553,000	1,553,000	1,553,000	1,553,000	1,553,000	1,553,000	690,000	690,000	690,000	690,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	10,153,000	5,147,000	5,103,000	4,684,000	4,641,000	4,499,000	0	0	0	0	4,577,000	4,497,000	4,643,000	4,591,000	4,490,000	4,586,000	4,928,000	4,872,000	6,265,000	6,207,000	4,538,000	5,164,000	5,274,000	5,735,000	4,601,000	5,420,000	5,331,000	5,351,000	4,486,000	5,169,000	5,083,000	4,884,000	4,282,000	4,616,000	5,134,000	5,079,000	5,057,000	5,919,000	6,290,000	6,166,000	5,574,000	5,859,000	5,762,000	6,017,000	5,408,000	5,841,000	5,596,000	5,791,000	5,134,000	5,269,000	5,840,000	5,564,000	5,312,000	4,992,000	4,651,000	4,653,000	5,347,000	5,051,000	4,584,000	3,918,000	3,969,000	4,298,000	4,712,000	4,339,000	4,216,000	3,967,000	3,739,000	3,544,000	3,446,000	3,165,000	3,103,000	3,024,000	2,900,000	2,952,000	2,789,000	2,550,000	2,536,000	2,138,000	2,066,000	2,066,000	1,882,000	1,900,000	1,873,000	1,750,000	2,056,000	1,221,000	1,439,000	1,668,000	1,669,000	1,541,000	1,691,000	1,765,000	0
Property Plant And Equipment Net	5,467,000	5,147,000	5,103,000	4,684,000	4,641,000	4,499,000	4,501,000	4,555,000	4,411,000	4,568,000	4,577,000	4,497,000	4,643,000	4,591,000	4,490,000	4,586,000	4,928,000	4,872,000	6,265,000	6,207,000	5,201,000	5,164,000	5,274,000	5,735,000	5,310,000	5,420,000	5,331,000	5,351,000	5,099,000	5,169,000	5,083,000	4,884,000	4,736,000	4,616,000	5,134,000	5,079,000	5,626,000	5,919,000	6,290,000	6,166,000	6,075,000	5,859,000	5,762,000	6,017,000	5,888,000	5,841,000	5,596,000	5,791,000	5,134,000	5,269,000	5,840,000	5,564,000	5,312,000	4,992,000	4,651,000	4,653,000	5,347,000	5,051,000	4,584,000	3,918,000	3,969,000	4,298,000	4,712,000	4,339,000	4,216,000	3,967,000	3,739,000	3,544,000	3,446,000	3,165,000	3,103,000	3,024,000	2,900,000	2,952,000	2,789,000	2,550,000	2,536,000	2,138,000	2,066,000	0	1,882,000	1,900,000	1,873,000	1,750,000	2,056,000	1,221,000	1,439,000	1,668,000	1,669,000	1,541,000	1,691,000	1,765,000	0
Property Plant Equipment	0	5,147,000	5,103,000	4,684,000	4,641,000	4,499,000	3,463,000	3,561,000	4,411,000	4,568,000	4,577,000	3,645,000	3,775,000	3,720,000	3,714,000	3,830,000	4,132,000	4,126,000	5,238,000	5,197,000	5,201,000	5,164,000	5,274,000	5,735,000	5,310,000	5,420,000	5,331,000	5,351,000	5,099,000	5,169,000	5,083,000	4,884,000	4,736,000	4,616,000	5,134,000	5,079,000	5,626,000	5,919,000	6,290,000	6,166,000	6,075,000	5,859,000	5,762,000	6,017,000	5,888,000	5,841,000	5,596,000	5,791,000	5,517,000	5,269,000	5,840,000	5,564,000	5,312,000	4,992,000	4,651,000	6,617,000	5,347,000	5,051,000	4,584,000	3,918,000	3,969,000	4,298,000	4,712,000	4,339,000	4,216,000	3,967,000	3,739,000	3,544,000	3,446,000	3,165,000	3,103,000	3,024,000	2,900,000	2,952,000	2,789,000	2,550,000	2,536,000	2,138,000	2,010,000	2,066,000	2,090,000	1,900,000	1,873,000	1,750,000	2,056,000	1,221,000	1,439,000	1,668,000	1,669,000	1,541,000	1,691,000	1,765,000	1,859,000
Retained Earnings	12,077,000	11,555,000	11,279,000	10,757,000	10,222,000	9,980,000	9,692,000	9,581,000	8,979,000	8,830,000	8,259,000	7,982,000	7,236,000	6,784,000	6,581,000	6,158,000	6,437,000	6,611,000	8,179,000	8,045,000	8,059,000	8,203,000	7,917,000	8,008,000	8,081,000	8,214,000	8,195,000	8,188,000	8,208,000	8,004,000	7,953,000	7,900,000	7,725,000	7,585,000	7,408,000	7,386,000	7,180,000	7,292,000	7,056,000	6,826,000	6,891,000	6,807,000	7,007,000	6,924,000	6,792,000	7,440,000	7,190,000	6,964,000	6,917,000	6,709,000	6,613,000	6,343,000	6,153,000	5,895,000	5,734,000	4,008,000	3,996,000	4,081,000	3,852,000	3,584,000	3,844,000	4,097,000	3,905,000	3,195,000	2,962,000	2,753,000	2,430,000	2,292,000	2,350,000	2,110,000	1,960,000	1,947,000	1,907,000	1,776,000	1,623,000	1,524,000	1,440,000	1,350,000	1,081,000	1,081,000	1,022,000	933,000	855,000	683,000	653,000	575,000	490,000	449,000	435,000	395,000	338,000	315,000	0
Retained Earnings Total Equity	0	0	11,279,000	10,757,000	10,222,000	9,980,000	9,692,000	9,581,000	8,979,000	8,830,000	8,259,000	7,982,000	7,236,000	6,784,000	6,581,000	6,158,000	6,437,000	6,611,000	8,179,000	8,045,000	8,059,000	8,203,000	7,917,000	8,008,000	8,081,000	8,214,000	8,195,000	8,188,000	8,208,000	8,004,000	7,953,000	7,900,000	7,725,000	7,585,000	7,408,000	7,386,000	7,180,000	7,292,000	7,056,000	6,826,000	6,891,000	6,807,000	7,007,000	6,924,000	6,792,000	7,440,000	7,190,000	6,964,000	6,917,000	6,709,000	6,613,000	6,343,000	6,153,000	5,895,000	5,734,000	4,008,000	3,996,000	4,081,000	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
Short Long Term Debt	802,000	1,215,000	671,000	1,408,000	1,392,000	2,100,000	3,457,000	2,440,000	1,177,000	1,661,000	1,859,000	2,715,000	2,836,000	2,119,000	2,057,000	1,245,000	1,278,000	1,890,000	2,309,000	2,147,000	428,000	331,000	625,000	15,000	16,000	288,000	5,809,000	1,441,000	938,000	1,330,000	2,592,000	0	872,000	0	0	0	408,000	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
Short Long Term Debt Total	5,756,000	5,994,000	5,848,000	6,618,000	5,623,000	6,135,000	7,500,000	7,416,000	6,820,000	7,329,000	7,997,000	7,853,000	8,104,000	7,355,000	6,760,000	5,709,000	5,749,000	7,182,000	7,329,000	6,932,000	5,372,000	7,300,000	7,980,000	7,071,000	4,794,000	5,867,000	5,809,000	5,197,000	4,792,000	5,402,000	6,620,000	5,110,000	4,776,000	4,230,000	4,846,000	4,220,000	5,200,000	6,885,000	8,731,000	9,190,000	9,114,000	10,571,000	11,804,000	10,629,000	5,849,000	7,932,000	6,894,000	5,243,000	4,081,000	5,036,000	5,024,000	4,688,000	4,881,000	3,350,000	3,844,000	4,132,000	3,815,000	4,078,000	5,250,000	3,683,000	3,583,000	4,293,000	5,746,000	4,993,000	4,547,000	5,115,000	4,599,000	3,903,000	3,484,000	4,041,000	3,668,000	3,215,000	3,146,000	3,640,000	3,901,000	3,533,000	3,281,000	2,906,000	4,215,000	4,215,000	3,394,000	2,587,000	3,095,000	3,394,000	3,403,000	1,602,000	1,820,000	1,748,000	1,813,000	1,972,000	2,581,000	2,112,000	0
Short Term Debt	1,110,000	1,532,000	1,041,000	1,816,000	1,817,000	2,536,000	3,853,000	2,817,000	1,527,000	1,993,000	2,124,000	2,956,000	3,071,000	2,352,000	2,277,000	1,462,000	1,494,000	2,081,000	2,540,000	2,372,000	1,169,000	2,388,000	2,988,000	1,625,000	634,000	1,621,000	1,891,000	1,931,000	1,723,000	1,955,000	3,232,000	1,265,000	1,842,000	1,647,000	2,350,000	1,883,000	2,346,000	4,165,000	4,500,000	5,315,000	5,935,000	7,512,000	8,291,000	6,732,000	2,317,000	3,790,000	2,647,000	805,000	733,000	1,568,000	1,520,000	1,647,000	2,330,000	972,000	443,000	549,000	197,000	453,000	1,329,000	685,000	551,000	1,332,000	2,019,000	1,671,000	1,112,000	1,635,000	929,000	530,000	610,000	927,000	796,000	730,000	589,000	765,000	764,000	805,000	681,000	272,000	1,884,000	1,884,000	1,017,000	903,000	1,185,000	1,483,000	1,499,000	294,000	1,059,000	1,017,000	983,000	1,163,000	1,703,000	1,162,000	0
Short Term Investments	105,000	122,000	73,000	97,000	119,000	90,000	172,000	264,000	520,000	451,000	437,000	351,000	346,000	294,000	321,000	284,000	393,000	459,000	514,000	343,000	162,000	119,000	337,000	632,000	213,000	544,000	290,000	177,000	64,000	340,000	492,000	242,000	325,000	296,000	241,000	490,000	1,343,000	2,915,000	3,084,000	3,259,000	4,470,000	4,596,000	4,687,000	4,375,000	3,153,000	518,000	486,000	578,000	402,000	464,000	65,000	39,000	39,000	60,000	74,000	19,000	15,000	7,000	20,000	0	0	0	0	0	5,000	19,000	15,000	2,000	3,000	0	0	11,000	9,000	0	0	14,000	14,000	0	0	0	13,000	0	13,000	0	12,000	16,000	16,000	14,000	6,000	59,000	112,000	23,000	61,000
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	25,372,000	25,133,000	25,712,000	27,110,000	24,580,000	24,792,000	27,419,000	28,724,000	23,786,000	24,109,000	25,085,000	24,533,000	23,655,000	20,761,000	18,559,000	18,596,000	18,299,000	18,634,000	20,424,000	20,535,000	19,425,000	21,446,000	22,124,000	23,084,000	18,871,000	20,552,000	20,433,000	20,620,000	19,188,000	20,045,000	22,095,000	18,939,000	17,910,000	18,439,000	19,429,000	18,481,000	21,485,000	24,145,000	26,011,000	27,455,000	26,781,000	28,451,000	30,343,000	29,899,000	24,081,000	28,635,000	26,713,000	25,850,000	23,275,000	24,901,000	26,508,000	26,473,000	26,001,000	23,101,000	22,094,000	22,572,000	21,286,000	21,860,000	21,808,000	18,189,000	20,230,000	24,640,000	27,662,000	23,647,000	21,991,000	20,826,000	18,029,000	15,386,000	14,347,000	13,221,000	12,424,000	11,579,000	11,446,000	12,203,000	12,023,000	11,050,000	10,907,000	10,808,000	11,225,000	11,225,000	9,884,000	8,681,000	9,078,000	8,562,000	8,349,000	5,342,000	5,674,000	5,483,000	5,443,000	5,306,000	5,585,000	5,147,000	5,854,000
Total Current Assets	16,350,000	16,624,000	17,200,000	19,040,000	16,758,000	17,195,000	19,732,000	20,890,000	16,427,000	16,534,000	17,555,000	17,285,000	16,181,000	13,501,000	11,468,000	11,100,000	10,230,000	10,826,000	11,107,000	11,239,000	11,068,000	13,111,000	13,518,000	13,376,000	10,403,000	11,985,000	11,914,000	12,008,000	11,092,000	11,923,000	13,868,000	11,423,000	10,904,000	11,506,000	11,818,000	11,090,000	13,166,000	15,617,000	16,672,000	18,191,000	17,662,000	19,486,000	20,683,000	19,793,000	14,065,000	18,046,000	16,360,000	14,751,000	13,128,000	15,173,000	15,636,000	15,903,000	15,815,000	13,326,000	12,956,000	11,422,000	11,783,000	12,506,000	13,326,000	11,066,000	13,176,000	17,282,000	19,508,000	15,873,000	14,518,000	13,760,000	11,460,000	9,119,000	8,393,000	7,804,000	7,167,000	6,371,000	6,564,000	7,319,000	7,506,000	6,770,000	6,668,000	7,041,000	7,779,000	7,779,000	6,418,000	5,416,000	5,952,000	6,091,000	5,449,000	3,739,000	3,715,000	3,258,000	3,284,000	3,294,000	3,338,000	2,843,000	0
Total Current Liabilities	7,687,000	8,245,000	8,291,000	10,408,000	9,600,000	10,567,000	13,101,000	13,860,000	9,291,000	9,759,000	10,321,000	11,340,000	10,985,000	8,932,000	7,496,000	8,022,000	6,577,000	7,369,000	7,457,000	8,053,000	7,172,000	8,301,000	9,043,000	8,550,000	6,215,000	7,468,000	7,933,000	8,616,000	7,684,000	8,281,000	10,315,000	7,092,000	7,328,000	8,170,000	8,221,000	7,657,000	8,790,000	10,929,000	10,377,000	12,459,000	12,535,000	14,041,000	15,159,000	13,566,000	8,362,000	11,587,000	9,674,000	7,616,000	6,947,000	8,617,000	8,349,000	9,356,000	10,004,000	7,665,000	6,134,000	6,890,000	6,207,000	6,686,000	7,890,000	6,438,000	8,074,000	11,064,000	12,289,000	10,229,000	8,834,000	8,956,000	6,601,000	4,819,000	4,515,000	4,289,000	3,885,000	3,483,000	3,617,000	4,152,000	4,072,000	3,852,000	3,902,000	4,013,000	5,294,000	5,294,000	3,937,000	3,683,000	4,016,000	3,947,000	3,794,000	2,121,000	2,697,000	2,236,000	2,346,000	2,489,000	2,827,000	2,227,000	2,746,000
Total Liab	13,557,000	13,990,000	14,354,000	16,391,000	14,624,000	15,419,000	17,879,000	19,613,000	15,961,000	16,478,000	17,754,000	17,752,000	17,450,000	15,310,000	13,350,000	13,624,000	12,269,000	13,985,000	13,899,000	14,231,000	13,047,000	14,959,000	15,781,000	15,807,000	11,514,000	12,802,000	12,998,000	12,987,000	11,845,000	12,768,000	14,755,000	11,976,000	11,258,000	11,778,000	11,799,000	11,052,000	12,651,000	14,583,000	15,620,000	17,394,000	16,693,000	18,100,000	19,636,000	18,445,000	12,826,000	16,626,000	14,841,000	13,080,000	11,200,000	12,872,000	12,757,000	13,368,000	13,447,000	10,966,000	10,407,000	11,699,000	10,921,000	11,467,000	12,898,000	10,413,000	12,794,000	15,170,000	17,311,000	14,649,000	13,294,000	13,518,000	11,375,000	9,174,000	8,269,000	8,126,000	7,520,000	6,726,000	6,895,000	7,854,000	7,997,000	7,342,000	7,252,000	7,300,000	8,233,000	8,233,000	6,953,000	5,936,000	6,434,000	6,445,000	6,382,000	3,758,000	3,798,000	3,358,000	3,574,000	3,645,000	4,077,000	3,587,000	4,172,000
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,487,000	6,343,000	7,277,000	7,357,000	7,750,000	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
Total Stockholder Equity	10,851,000	11,143,000	11,358,000	10,719,000	9,956,000	8,705,000	8,732,000	8,581,000	7,825,000	7,631,000	7,331,000	6,637,000	6,205,000	5,451,000	5,093,000	4,972,000	6,030,000	4,460,000	6,331,000	6,100,000	6,378,000	6,280,000	6,146,000	7,277,000	7,357,000	7,546,000	7,227,000	7,428,000	7,343,000	7,083,000	7,126,000	6,963,000	6,652,000	6,661,000	7,630,000	7,195,000	8,834,000	9,562,000	10,169,000	10,061,000	10,088,000	10,304,000	10,660,000	11,407,000	11,208,000	11,962,000	11,872,000	12,770,000	11,707,000	12,029,000	13,751,000	13,105,000	12,220,000	11,830,000	11,408,000	9,987,000	9,494,000	9,522,000	8,111,000	7,111,000	7,436,000	8,710,000	9,475,000	8,283,000	7,945,000	6,706,000	6,148,000	5,775,000	5,668,000	4,714,000	4,540,000	4,502,000	4,226,000	4,018,000	3,718,000	3,419,000	3,375,000	3,100,000	2,428,000	2,428,000	2,377,000	2,200,000	2,105,000	1,608,000	1,472,000	1,220,000	1,436,000	1,609,000	1,376,000	1,243,000	1,046,000	1,076,000	1,139,000
Treasury Stock	0	0	0	0	-1,320,000	-1,320,000	-1,120,000	-1,120,000	-1,120,000	-1,120,000	-1,020,000	-1,020,000	-1,020,000	-1,020,000	-1,020,000	-920,000	-920,000	-920,000	-920,000	-920,000	-920,000	-920,000	-920,000	-920,000	-920,000	-920,000	-920,000	-920,000	-920,000	-920,000	-920,000	-901,000	-720,000	-720,000	-620,000	-620,000	-420,000	-420,000	-320,000	-212,000	-120,000	-120,000	-120,000	-120,000	-120,000	-120,000	-120,000	-120,000	-120,000	-120,000	0	0	0	-354,000	-107,000	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
Warrants	0	0	4,000	4,000	4,000	2,000	351,000	370,000	381,000	403,000	483,000	473,000	415,000	403,000	397,000	394,000	397,000	413,000	425,000	421,000	424,000	438,000	441,000	470,000	0	0	0	0	0	0	40,000	41,000	37,000	38,000	36,000	34,000	37,000	38,000	40,000	38,000	37,000	33,000	33,000	32,000	38,000	47,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31
Begin Period Cash Flow	1,130,000	905,000	381,000	322,000	393,000	605,000	934,000	411,000	362,000	742,000	569,000	835,000	578,000	553,000	1,004,000	981,000	365,000	354,000	432,000	489,000	470,000	199,000	423,000	363,000	0
Capital Expenditures	1,122,000	555,000	399,000	365,000	524,000	493,000	662,000	784,000	649,000	839,000	1,042,000	1,095,000	1,125,000	1,072,000	918,000	896,000	658,000	503,000	522,000	437,000	304,000	242,000	230,000	184,000	0
Cash And Cash Equivalents Changes	0	181,000	587,000	40,000	-76,000	-223,000	-333,000	523,000	49,000	-380,000	171,000	-264,000	257,000	25,000	-451,000	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-7,514,000	-4,722,000	-2,675,000	-1,569,000	-1,663,000	203,000	151,000	-737,000	155,000	-50,000	-282,000	179,000	-560,000	-567,000	0	0	0	0	0	0	0	0	0	0
Change In Cash	1,493,000	247,000	524,000	59,000	-71,000	-212,000	-333,000	523,000	49,000	-380,000	173,000	-264,000	257,000	25,000	-451,000	23,000	616,000	11,000	-78,000	-57,000	19,000	271,000	-224,000	60,000	-324,000
Change In Working Capital	650,000	-7,596,000	-5,401,000	-4,970,000	-1,751,000	-2,637,000	-4,000	431,000	-576,000	35,000	1,075,000	-1,566,000	1,241,000	-3,216,000	-416,000	453,000	-1,482,000	-854,000	-195,000	38,000	-333,000	-619,000	-220,000	-732,000	0
Change Receivables	0	-206,000	-530,000	-255,000	-257,000	-110,000	95,000	-131,000	-97,000	108,000	148,000	-373,000	267,000	-1,560,000	242,000	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	256,000	-206,000	-536,000	-255,000	-239,000	-110,000	95,000	-131,000	-206,000	-28,000	148,000	-373,000	267,000	-1,560,000	242,000	-408,000	-319,000	-69,000	-398,000	-398,000	-129,000	0	0	0	0
Change To Inventory	1,397,000	-269,000	-1,272,000	-2,298,000	504,000	-1,107,000	-130,000	-269,000	342,000	-110,000	238,000	-1,567,000	530,000	-1,894,000	1,636,000	-905,000	-1,743,000	-729,000	-11,000	328,000	-249,000	-728,000	-303,000	-311,000	0
Change To Liabilities	0	67,000	1,633,000	155,000	-455,000	336,000	61,000	596,000	-73,000	345,000	739,000	769,000	-377,000	1,390,000	-1,491,000	1,368,000	1,231,000	365,000	0	253,000	174,000	469,000	18,000	0	0
Change To Netincome	0	287,000	-478,000	-63,000	1,712,000	371,000	-6,000	243,000	-132,000	-172,000	375,000	390,000	549,000	-2,642,000	-966,000	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-346,000	592,000	-511,000	-487,000	152,000	26,000	151,000	-311,000	560,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	451,000	408,000	644,000	41,000	2,215,000	622,000	609,000	547,000	545,000	568,000	568,000	570,000	526,000	443,000	443,000	439,000	385,000	324,000	278,000	212,000	184,000	171,000	167,000	149,000	0
Dividends Paid	-383,000	349,000	323,000	316,000	317,000	313,000	297,000	282,000	249,000	230,000	204,000	192,000	186,000	211,000	198,000	168,000	114,000	74,000	120,000	86,000	105,000	65,000	34,000	18,000	0
End Period Cash Flow	2,623,000	1,152,000	905,000	381,000	322,000	393,000	601,000	934,000	411,000	362,000	742,000	571,000	835,000	578,000	553,000	1,004,000	981,000	365,000	354,000	432,000	489,000	470,000	199,000	423,000	-324,000
Exchange Rate Changes	0	0	0	0	0	0	3,000	33,000	-119,000	-36,000	-60,000	-46,000	-77,000	-19,000	95,000	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	2,163,000	-6,104,000	-3,293,000	-3,901,000	-1,338,000	-1,757,000	344,000	1,120,000	-39,000	560,000	1,183,000	-1,550,000	1,489,000	-3,507,000	-1,286,000	1,647,000	-1,069,000	-792,000	-140,000	365,000	-345,000	-112,000	-21,000	-705,000	37,000
Investments	740,000	6,499,000	-183,000	1,962,000	1,292,000	1,864,000	-129,000	-166,000	184,000	29,000	73,000	336,000	-1,000	9,000	66,000	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-708,000	-1,097,000	2,202,000	-438,000	956,000	86,000	61,000	882,000	-591,000	-1,322,000	1,361,000	-850,000	480,000	166,000	0	0	0	0	0	0	0	0	0	0
Net Income	2,243,000	1,678,000	2,167,000	1,165,000	-1,291,000	287,000	174,000	767,000	790,000	661,000	207,000	36,000	940,000	2,388,000	335,000	1,064,000	778,000	521,000	530,000	469,000	411,000	255,000	134,000	12,000	-5,000
Other Cashflows From Financing Activities	-82,000	36,349,000	-228,000	-32,000	5,580,000	11,459,000	9,351,000	-67,000	10,069,000	13,866,000	-43,000	7,000	2,017,000	3,756,000	43,000	-127,000	999,000	272,000	128,000	-166,000	37,000	1,067,000	-468,000	564,000	-253,000
Other Cashflows From Investing Activities	0	7,054,000	-9,000	216,000	735,000	-961,000	-371,000	24,000	-337,000	125,000	540,000	-208,000	-94,000	3,572,000	-100,000	47,000	0	0	51,000	0	532,000	0	59,000	0	0
Other Non Cash Items	-127,000	15,000	-93,000	86,000	-2,000	412,000	221,000	-11,000	-211,000	131,000	-138,000	493,000	75,000	-2,270,000	-543,000	772,000	-78,000	-108,000	7,000	5,000	-190,000	327,000	5,000	1,000	42,000
Sale Purchase Of Stock	-600,000	-200,000	-100,000	-100,000	14,000	11,000	59,000	-200,000	-300,000	-300,000	9,009,000	7,499,000	-120,000	-354,000	4,039,000	3,854,000	0	0	0	-170,000	0	0	0	0	0
Stock Based Compensation	69,000	65,000	61,000	71,000	39,000	46,000	29,000	44,000	46,000	49,000	53,000	44,000	49,000	60,000	17,000	66,000	48,000	19,000	0	134,000	-96,000	0	134,000	66,000	0
Total Cash From Financing Activities	-856,000	-769,000	-1,632,000	1,763,000	-745,000	631,000	-180,000	-488,000	360,000	-1,058,000	-1,565,000	1,206,000	-1,060,000	-30,000	774,000	-1,146,000	1,762,000	891,000	21,000	-74,000	-61,000	1,295,000	-224,000	709,000	-253,000
Total Cash From Operating Activities	3,285,000	-5,549,000	-2,894,000	-3,536,000	-814,000	-1,264,000	1,006,000	1,904,000	610,000	1,399,000	2,225,000	-455,000	2,614,000	-2,435,000	-368,000	2,543,000	-411,000	-289,000	382,000	802,000	-41,000	130,000	209,000	-521,000	37,000
Total Cashflows From Investing Activities	0	6,499,000	5,113,000	1,813,000	1,503,000	410,000	-1,162,000	-926,000	-802,000	-685,000	-429,000	-967,000	-1,220,000	2,509,000	-952,000	0	0	0	0	0	60,000	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30
Begin Period Cash Flow	2,193,000	1,360,000	3,057,000	1,152,000	997,000	823,000	406,000	905,000	1,056,000	504,000	252,000	381,000	308,000	279,000	195,000	322,000	293,000	248,000	469,000	393,000	271,000	225,000	292,000	605,000	389,000	575,000	676,000	934,000	297,000	548,000	523,000	411,000	303,000	426,000	380,000	362,000	357,000	523,000	632,000	742,000	1,487,000	726,000	801,000	569,000	690,000	467,000	1,250,000	835,000	1,055,000	470,000	812,000	578,000	350,000	2,771,000	473,000	553,000	1,101,000	489,000	498,000	1,004,000	1,494,000	1,100,000	723,000	981,000	845,000	466,000	485,000	365,000	287,000	279,000	280,000	354,000	326,000	414,000	339,000	432,000	610,000	524,000	489,000	489,000	501,000	441,000	396,000	470,000	231,000	289,000	234,000	199,000	191,000	231,000	324,000	423,000	0	-
Capital Expenditures	317,000	264,000	368,000	173,000	202,000	141,000	106,000	106,000	160,000	106,000	80,000	53,000	135,000	103,000	72,000	55,000	146,000	113,000	146,000	119,000	175,000	98,000	115,000	105,000	177,000	143,000	160,000	182,000	296,000	213,000	165,000	110,000	284,000	143,000	105,000	117,000	324,000	164,000	186,000	165,000	322,000	250,000	246,000	224,000	428,000	194,000	249,000	224,000	420,000	251,000	247,000	207,000	318,000	207,000	260,000	287,000	322,000	250,000	234,000	112,000	302,000	222,000	224,000	148,000	276,000	172,000	126,000	84,000	188,000	134,000	111,000	70,000	180,000	130,000	118,000	94,000	229,000	88,000	52,000	52,000	121,000	64,000	66,000	53,000	110,000	57,000	37,000	38,000	79,000	46,000	35,000	70,000	184,000	0
Cash And Cash Equivalents Changes	0	0	-1,697,000	1,877,000	201,000	125,000	355,000	-500,000	-167,000	531,000	385,000	-162,000	59,000	29,000	81,000	-129,000	17,000	60,000	-223,000	70,000	129,000	-4,000	-42,000	-306,000	212,000	-186,000	-101,000	-258,000	637,000	-251,000	25,000	112,000	108,000	-123,000	46,000	18,000	5,000	-166,000	-109,000	-110,000	-742,000	756,000	-75,000	232,000	-119,000	223,000	-783,000	415,000	-220,000	585,000	-342,000	234,000	228,000	-2,421,000	2,160,000	58,000	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	-
Cash Flows Other Operating	0	0	-301,000	-186,000	-932,000	-2,460,000	-2,153,000	-1,969,000	-1,942,000	-1,384,000	-488,000	-908,000	-1,144,000	-677,000	-578,000	-276,000	-226,000	-509,000	-187,000	-647,000	340,000	-847,000	-849,000	-307,000	156,000	273,000	233,000	-459,000	302,000	-190,000	372,000	-333,000	-345,000	200,000	3,000	-595,000	552,000	-366,000	362,000	-393,000	439,000	255,000	-252,000	-492,000	510,000	-239,000	-394,000	-159,000	535,000	-357,000	-94,000	95,000	280,000	-548,000	-195,000	-97,000	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	-
Change In Cash	430,000	833,000	-1,697,000	1,905,000	155,000	174,000	417,000	-499,000	-151,000	552,000	252,000	-129,000	73,000	29,000	84,000	-127,000	29,000	45,000	-221,000	76,000	122,000	46,000	-67,000	-313,000	212,000	-186,000	-101,000	-258,000	637,000	-251,000	25,000	112,000	108,000	-123,000	46,000	18,000	5,000	-166,000	-109,000	-110,000	-745,000	761,000	-75,000	232,000	-119,000	223,000	-783,000	415,000	-220,000	585,000	-342,000	234,000	228,000	-2,421,000	2,298,000	-80,000	-548,000	612,000	-9,000	-506,000	-490,000	394,000	377,000	-258,000	136,000	379,000	-19,000	120,000	78,000	8,000	-1,000	-74,000	28,000	-88,000	75,000	-93,000	-178,000	86,000	34,000	34,000	-12,000	60,000	45,000	-74,000	239,000	-58,000	55,000	35,000	8,000	-40,000	-93,000	-99,000	0	-
Change In Working Capital	803,000	780,000	-1,328,000	625,000	-1,459,000	-711,000	-1,907,000	-3,519,000	-1,675,000	-633,000	-678,000	-1,876,000	-1,640,000	-1,138,000	-1,325,000	-867,000	248,000	-503,000	-1,209,000	-287,000	1,739,000	-327,000	-1,910,000	-2,139,000	1,221,000	-359,000	-862,000	-4,000	808,000	1,207,000	-1,580,000	-4,000	-457,000	520,000	-1,049,000	410,000	-173,000	1,878,000	-219,000	-1,208,000	1,212,000	1,040,000	-984,000	-193,000	2,256,000	-722,000	-2,765,000	-335,000	1,108,000	370,000	-744,000	437,000	-1,259,000	-1,674,000	-773,000	491,000	123,000	1,163,000	-1,406,000	-296,000	736,000	1,417,000	-1,059,000	-633,000	-131,000	-306,000	-820,000	-225,000	105,000	-487,000	-317,000	-155,000	236,000	163,000	-192,000	-402,000	-291,000	1,075,000	-877,000	4,000	-701,000	191,000	225,000	-48,000	-138,000	-148,000	-233,000	-100,000	112,000	139,000	-689,000	218,000	0	-
Change Receivables	0	0	285,000	5,000	153,000	-18,000	51,000	-392,000	255,000	-1,000	-167,000	-617,000	-18,000	-138,000	-5,000	-94,000	57,000	-208,000	22,000	-128,000	49,000	86,000	-292,000	47,000	295,000	-107,000	-120,000	27,000	-159,000	-11,000	340,000	-301,000	233,000	-138,000	-413,000	221,000	532,000	411,000	-347,000	-488,000	113,000	667,000	-49,000	-583,000	860,000	-799,000	5,000	-439,000	-20,000	351,000	148,000	-212,000	-492,000	-423,000	-265,000	-380,000	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	-
Change To Account Receivables	-50,000	16,000	285,000	5,000	153,000	-18,000	51,000	-392,000	249,000	-1,000	-167,000	-617,000	-18,000	-138,000	-5,000	-94,000	75,000	-208,000	22,000	-128,000	49,000	86,000	-292,000	47,000	295,000	-107,000	-120,000	27,000	-159,000	-11,000	340,000	-301,000	124,000	-138,000	-413,000	221,000	396,000	411,000	-347,000	-488,000	111,000	669,000	-49,000	-583,000	943,000	-882,000	5,000	-439,000	-20,000	351,000	148,000	-212,000	-492,000	-423,000	-265,000	-380,000	90,000	-209,000	-13,000	374,000	-338,000	0	0	-451,000	-319,000	0	0	-240,000	-69,000	0	72,000	144,000	270,000	0	132,000	92,000	-398,000	0	-96,000	0	-129,000	57,000	0	0	0	29,000	17,000	24,000	0	0	80,000	113,000	0	-
Change To Inventory	464,000	1,128,000	239,000	-434,000	-40,000	2,112,000	9,000	-2,350,000	-501,000	232,000	445,000	-1,448,000	-619,000	-371,000	-557,000	-751,000	559,000	-60,000	99,000	-94,000	1,358,000	-263,000	-736,000	-1,466,000	707,000	-305,000	-280,000	-252,000	218,000	763,000	-1,028,000	-222,000	456,000	11,000	-596,000	471,000	-700,000	888,000	360,000	-658,000	51,000	503,000	-731,000	415,000	1,098,000	-152,000	-1,964,000	-549,000	467,000	149,000	-126,000	40,000	-1,022,000	-792,000	-712,000	632,000	17,000	2,147,000	-1,131,000	603,000	548,000	909,000	-1,882,000	-480,000	-172,000	-639,000	-781,000	-151,000	-178,000	-139,000	-547,000	135,000	205,000	624,000	-573,000	-267,000	284,000	943,000	-1,105,000	-1,105,000	-422,000	338,000	-119,000	-46,000	81,000	-138,000	-569,000	-102,000	213,000	70,000	-667,000	81,000	0	-
Change To Liabilities	0	-92,000	-1,407,000	802,000	-192,000	-684,000	-224,000	1,167,000	494,000	552,000	-478,000	1,134,000	-105,000	185,000	-647,000	722,000	-157,000	205,000	-751,000	248,000	154,000	310,000	-303,000	175,000	-4,000	116,000	-472,000	421,000	520,000	454,000	-820,000	442,000	-691,000	546,000	34,000	38,000	-94,000	658,000	-550,000	331,000	453,000	-174,000	158,000	302,000	-178,000	761,000	-467,000	653,000	-93,000	3,000	-718,000	431,000	150,000	519,000	77,000	644,000	0	0	0	0	1,368,000	2,187,000	979,000	353,000	1,231,000	1,034,000	399,000	174,000	365,000	143,000	11,000	0	0	0	18,000	0	253,000	622,000	535,000	260,000	174,000	69,000	153,000	0	469,000	381,000	337,000	13,000	18,000	108,000	24,000	0	0	-
Change To Netincome	0	0	-10,000	-17,000	16,000	-8,000	189,000	90,000	250,000	-251,000	-240,000	-171,000	-203,000	2,000	98,000	40,000	223,000	1,690,000	-231,000	30,000	19,000	234,000	232,000	-114,000	46,000	-60,000	-30,000	38,000	-42,000	25,000	114,000	146,000	113,000	-162,000	124,000	-207,000	-70,000	-150,000	2,000	46,000	-9,000	205,000	-13,000	192,000	589,000	-195,000	13,000	-17,000	-26,000	669,000	-135,000	41,000	-163,000	-534,000	-1,724,000	-221,000	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	-
Change To Operating Activities	0	3,000	3,000	-196,000	348,000	-299,000	-383,000	-12,000	-321,000	71,000	596,000	246,000	-603,000	-114,000	-255,000	461,000	-76,000	-115,000	15,000	-311,000	272,000	-79,000	-123,000	82,000	6,000	150,000	108,000	-459,000	143,000	-31,000	372,000	0	-311,000	0	0	0	560,000	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	-
Depreciation	134,000	-17,000	-17,000	102,000	103,000	101,000	204,000	102,000	318,000	-28,000	-33,000	106,000	435,000	152,000	-451,000	113,000	548,000	1,785,000	322,000	139,000	622,000	-111,000	142,000	142,000	609,000	442,000	325,000	130,000	547,000	-38,000	639,000	113,000	545,000	312,000	289,000	120,000	568,000	-234,000	228,000	124,000	568,000	51,000	13,000	121,000	570,000	456,000	-304,000	120,000	526,000	157,000	457,000	104,000	443,000	-26,000	-2,111,000	102,000	443,000	0	-379,000	95,000	95,000	117,000	119,000	108,000	114,000	95,000	90,000	86,000	85,000	82,000	79,000	78,000	77,000	70,000	68,000	63,000	58,000	53,000	51,000	51,000	51,000	43,000	41,000	49,000	53,000	38,000	37,000	43,000	53,000	36,000	40,000	38,000	0	-
Dividends Paid	-96,000	99,000	94,000	94,000	93,000	94,000	80,000	82,000	83,000	82,000	79,000	79,000	79,000	78,000	80,000	79,000	80,000	79,000	79,000	79,000	80,000	78,000	74,000	73,000	74,000	72,000	68,000	67,000	66,000	67,000	62,000	62,000	71,000	62,000	58,000	58,000	68,000	57,000	52,000	53,000	55,000	53,000	47,000	49,000	54,000	49,000	42,000	47,000	45,000	55,000	42,000	48,000	45,000	58,000	50,000	49,000	58,000	47,000	43,000	50,000	197,000	42,000	40,000	43,000	30,000	28,000	28,000	28,000	4,000	34,000	18,000	18,000	30,000	31,000	45,000	14,000	14,000	32,000	12,000	12,000	13,000	28,000	23,000	41,000	38,000	4,000	13,000	18,000	10,000	0	0	11,000	0	-
End Period Cash Flow	2,623,000	2,193,000	1,360,000	3,057,000	1,152,000	997,000	823,000	406,000	905,000	1,056,000	504,000	252,000	381,000	308,000	279,000	195,000	322,000	293,000	248,000	469,000	393,000	271,000	225,000	292,000	601,000	389,000	575,000	676,000	934,000	297,000	548,000	523,000	411,000	303,000	426,000	380,000	362,000	357,000	523,000	632,000	742,000	1,487,000	726,000	801,000	571,000	690,000	467,000	1,250,000	835,000	1,055,000	470,000	812,000	578,000	350,000	2,771,000	473,000	553,000	1,101,000	489,000	498,000	1,004,000	1,494,000	1,100,000	723,000	981,000	845,000	466,000	485,000	365,000	287,000	279,000	280,000	354,000	326,000	414,000	339,000	432,000	610,000	523,000	523,000	489,000	501,000	441,000	396,000	470,000	231,000	289,000	234,000	199,000	191,000	231,000	324,000	423,000	-
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-19,000	1,000	1,000	20,000	13,000	-6,000	-2,000	28,000	-29,000	-29,000	6,000	-67,000	-19,000	-14,000	0	-3,000	-28,000	36,000	-65,000	-3,000	-1,000	5,000	-55,000	5,000	-13,000	-74,000	-2,000	12,000	0	25,000	-44,000	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	-
Free Cash Flow	1,091,000	1,124,000	-827,000	758,000	-720,000	-715,000	-1,907,000	-2,762,000	-1,412,000	-312,000	-529,000	-1,040,000	-1,543,000	-729,000	-1,135,000	-494,000	353,000	-343,000	-827,000	-521,000	1,846,000	-45,000	-1,911,000	-1,647,000	1,131,000	32,000	-590,000	-229,000	973,000	1,106,000	-926,000	-33,000	-307,000	790,000	-713,000	191,000	-41,000	1,743,000	80,000	-1,222,000	1,000,000	1,166,000	-862,000	-121,000	1,989,000	-367,000	-2,646,000	-526,000	831,000	848,000	-717,000	527,000	-1,133,000	-1,668,000	-1,179,000	473,000	-143,000	957,000	-1,625,000	-475,000	514,000	1,988,000	-354,000	-501,000	-45,000	-38,000	-720,000	-266,000	71,000	-282,000	-457,000	-124,000	252,000	169,000	-241,000	-320,000	-367,000	1,168,000	-772,000	-772,000	-800,000	358,000	153,000	-56,000	-134,000	122,000	-88,000	-12,000	175,000	156,000	-573,000	221,000	0	-
Investments	-363,000	-262,000	-429,000	45,000	1,386,000	2,246,000	1,508,000	1,576,000	-102,000	1,673,000	-46,000	837,000	768,000	370,000	426,000	398,000	515,000	339,000	374,000	64,000	394,000	754,000	575,000	141,000	259,000	-276,000	-61,000	-51,000	-1,000	-43,000	-19,000	-103,000	170,000	-34,000	69,000	-21,000	-52,000	-4,000	107,000	-22,000	70,000	18,000	-8,000	-7,000	-36,000	-22,000	434,000	-40,000	-27,000	-24,000	64,000	-14,000	-22,000	12,000	-18,000	37,000	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	-
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Borrowings	0	264,000	-754,000	1,002,000	-561,000	-1,145,000	268,000	730,000	-454,000	-673,000	119,000	-89,000	723,000	479,000	998,000	2,000	-1,480,000	138,000	314,000	590,000	-1,985,000	-626,000	1,319,000	2,248,000	-1,066,000	132,000	618,000	402,000	-295,000	-1,198,000	1,085,000	469,000	603,000	-680,000	745,000	214,000	-6,000	-1,720,000	-176,000	1,311,000	-1,404,000	-1,271,000	900,000	453,000	-2,064,000	682,000	1,674,000	1,069,000	-927,000	-2,000	315,000	-236,000	1,525,000	-505,000	-254,000	-286,000	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	-
Net Income	616,000	389,000	629,000	659,000	374,000	383,000	225,000	696,000	232,000	649,000	369,000	917,000	569,000	267,000	522,000	-193,000	-71,000	-1,482,000	212,000	50,000	-58,000	374,000	-10,000	-19,000	-53,000	92,000	87,000	48,000	285,000	130,000	120,000	232,000	203,000	234,000	93,000	260,000	99,000	304,000	277,000	-19,000	108,000	-171,000	122,000	148,000	-620,000	301,000	266,000	89,000	260,000	133,000	312,000	235,000	315,000	206,000	1,787,000	80,000	-8,000	197,000	322,000	-176,000	-210,000	234,000	751,000	289,000	245,000	351,000	168,000	14,000	264,000	169,000	30,000	58,000	149,000	170,000	113,000	98,000	105,000	182,000	70,000	70,000	100,000	89,000	182,000	40,000	88,000	95,000	50,000	22,000	48,000	57,000	23,000	6,000	10,000	17,000
Other Cashflows From Financing Activities	-63,000	105,000	287,000	1,154,000	7,568,000	8,294,000	13,699,000	6,802,000	5,517,000	-81,000	9,321,000	11,561,000	-17,000	24,447,000	2,373,000	83,000	-444,000	1,521,000	2,321,000	2,182,000	302,000	3,091,000	4,515,000	3,543,000	1,853,000	2,420,000	3,311,000	1,751,000	2,593,000	1,159,000	-11,000	-7,000	37,000	2,327,000	-16,000	1,675,000	5,290,000	1,600,000	3,633,000	3,043,000	-29,000	-11,000	-4,000	1,000	9,000	7,531,000	3,178,000	2,065,000	8,000	1,363,000	-9,000	42,000	3,836,000	427,000	9,000	13,000	-239,000	27,000	23,000	579,000	-479,000	-1,410,000	718,000	347,000	-574,000	458,000	723,000	392,000	-615,000	345,000	464,000	78,000	-233,000	-233,000	319,000	275,000	178,000	-751,000	810,000	-47,000	801,000	-437,000	-315,000	-5,000	1,148,000	-110,000	156,000	-119,000	-144,000	-292,000	597,000	-364,000	155,000	-
Other Cashflows From Investing Activities	0	159,000	157,000	218,000	7,054,000	5,466,000	17,000	-22,000	10,000	3,801,000	-17,000	331,000	200,000	-15,000	-20,000	51,000	710,000	13,000	-2,000	14,000	-33,000	-4,000	50,000	-974,000	-10,000	24,000	-11,000	-374,000	38,000	6,000	-21,000	1,000	-377,000	92,000	-2,000	-50,000	144,000	-31,000	33,000	-21,000	-319,000	870,000	8,000	-51,000	23,000	-27,000	-147,000	-57,000	-57,000	-1,000	25,000	-61,000	-103,000	25,000	3,781,000	-131,000	0	0	0	0	47,000	30,000	0	0	0	1,000	3,000	0	0	3,000	19,000	7,000	51,000	13,000	14,000	0	0	0	0	0	532,000	0	251,000	0	0	0	0	0	59,000	59,000	58,000	58,000	0	-
Other Non Cash Items	-47,000	171,000	184,000	-483,000	473,000	-329,000	-334,000	103,000	-133,000	-31,000	-4,000	-183,000	-816,000	72,000	61,000	561,000	-230,000	-21,000	-25,000	-305,000	-292,000	46,000	3,000	482,000	-456,000	-4,000	3,000	-219,000	-405,000	-8,000	-3,000	-309,000	-351,000	-73,000	3,000	-511,000	-196,000	-37,000	-36,000	39,000	-475,000	-15,000	125,000	79,000	58,000	-275,000	468,000	-161,000	-362,000	216,000	-381,000	-46,000	-274,000	9,000	-91,000	120,000	-339,000	-94,000	37,000	137,000	358,000	29,000	41,000	-119,000	-47,000	-5,000	27,000	-22,000	-73,000	24,000	-83,000	-3,000	128,000	-51,000	-76,000	6,000	-3,000	-2,000	26,000	0	-155,000	75,000	-190,000	-16,000	-27,000	194,000	80,000	74,000	49,000	-44,000	104,000	30,000	0	-
Sale Purchase Of Stock	-134,000	-459,000	4,000	3,000	-200,000	-200,000	533,000	32,000	100,000	-100,000	72,000	-103,000	-100,000	-100,000	-100,000	2,000	6,000	1,000	2,000	5,000	11,000	0	7,000	4,000	1,000	1,000	11,000	46,000	0	-29,000	-19,000	-181,000	3,668,000	-100,000	2,378,000	-200,000	300,000	-100,000	-108,000	-92,000	3,231,000	1,300,000	2,911,000	1,567,000	-178,000	-4,549,000	-1,415,000	38,000	612,000	-120,000	554,000	-15,000	-86,000	-268,000	197,000	335,000	43,000	-134,000	3,400,000	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	-
Stock Based Compensation	18,000	17,000	17,000	17,000	18,000	15,000	16,000	16,000	15,000	17,000	16,000	13,000	24,000	20,000	12,000	15,000	9,000	13,000	13,000	4,000	15,000	10,000	14,000	7,000	2,000	10,000	7,000	10,000	13,000	5,000	13,000	13,000	8,000	13,000	12,000	13,000	13,000	8,000	10,000	18,000	19,000	13,000	17,000	4,000	131,000	13,000	12,000	19,000	9,000	14,000	11,000	15,000	13,000	13,000	28,000	6,000	1,000	0	6,000	10,000	66,000	457,000	-15,000	13,000	48,000	-24,000	-19,000	12,000	19,000	27,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Cash From Financing Activities	-603,000	-305,000	-809,000	901,000	-667,000	-1,547,000	737,000	708,000	-466,000	-936,000	60,000	-290,000	634,000	403,000	810,000	-84,000	-1,541,000	51,000	232,000	513,000	-2,078,000	-709,000	1,244,000	2,174,000	-1,149,000	33,000	560,000	376,000	-386,000	-1,314,000	993,000	219,000	545,000	-836,000	686,000	-35,000	-27,000	-1,857,000	-332,000	1,158,000	-1,643,000	-1,188,000	852,000	414,000	-2,092,000	634,000	1,631,000	1,033,000	-954,000	-164,000	288,000	-230,000	1,486,000	-815,000	-380,000	-321,000	-295,000	-462,000	1,501,000	30,000	-683,000	-1,475,000	705,000	307,000	250,000	433,000	699,000	380,000	63,000	313,000	453,000	62,000	-262,000	-261,000	280,000	264,000	173,000	-780,000	803,000	803,000	781,000	-467,000	-335,000	-40,000	1,111,000	-114,000	143,000	155,000	-154,000	-292,000	597,000	-375,000	709,000	-
Total Cash From Operating Activities	1,408,000	1,388,000	-459,000	931,000	-518,000	-574,000	-1,801,000	-2,656,000	-1,252,000	-206,000	-449,000	-987,000	-1,408,000	-626,000	-1,063,000	-439,000	499,000	-230,000	-681,000	-402,000	2,021,000	53,000	-1,796,000	-1,542,000	1,308,000	175,000	-430,000	-47,000	1,269,000	1,319,000	-761,000	77,000	-23,000	933,000	-608,000	308,000	283,000	1,907,000	266,000	-1,057,000	1,322,000	1,416,000	-616,000	103,000	2,417,000	-173,000	-2,397,000	-302,000	1,251,000	1,099,000	-470,000	734,000	-815,000	-1,461,000	-919,000	760,000	179,000	1,207,000	-1,391,000	-363,000	816,000	2,210,000	-130,000	-353,000	231,000	134,000	-594,000	-182,000	259,000	-148,000	-346,000	-54,000	432,000	299,000	-123,000	-226,000	-138,000	1,256,000	-720,000	-720,000	-679,000	422,000	219,000	-3,000	-24,000	179,000	-51,000	26,000	254,000	202,000	-538,000	291,000	0	-
Total Cashflows From Investing Activities	0	-646,000	-384,000	45,000	6,499,000	5,113,000	1,419,000	1,448,000	1,551,000	3,562,000	774,000	1,115,000	833,000	252,000	334,000	394,000	1,079,000	239,000	226,000	-41,000	186,000	652,000	510,000	-938,000	72,000	-395,000	-232,000	-607,000	-259,000	-250,000	-205,000	-212,000	-491,000	-85,000	-38,000	-188,000	-232,000	-199,000	-46,000	-208,000	-571,000	670,000	-246,000	-282,000	-441,000	-243,000	38,000	-321,000	-504,000	-276,000	-158,000	-282,000	-443,000	-170,000	3,503,000	-381,000	-952,000	-512,000	-347,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	60,000	184,000	77,000	0	0	0	0	0	0	0	0	0	0	-

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31
Cost Of Revenue	55,618,000	63,550,000	55,789,000	38,619,000	40,598,000	43,477,000	44,030,000	40,529,000	40,790,000	55,203,000	58,587,000	58,418,000	56,015,000	43,196,000	40,722,000	48,538,000	35,327,000	24,703,000	22,704,000	23,282,000	20,860,000	12,743,000	10,507,000	8,935,000	7,332,000
Depreciation And Amortization	451,000	408,000	424,000	435,000	548,000	622,000	609,000	547,000	545,000	607,000	568,000	570,000	526,000	443,000	443,000	439,000	385,000	324,000	278,000	212,000	184,000	171,000	167,000	149,000	-9,000
Discontinued Operations	0	0	0	0	0	10,000	10,000	-9,000	35,000	32,000	97,000	-342,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	2,198,000	2,480,000	2,846,000	1,528,000	-605,000	922,000	406,000	1,187,000	1,283,000	1,158,000	1,324,000	994,000	1,277,000	1,022,000	-16,000	1,776,000	924,000	503,000	584,000	904,000	501,000	912,000	721,000	319,000	297,000
Ebitda	2,649,000	2,888,000	3,270,000	1,963,000	-57,000	1,544,000	1,015,000	1,734,000	1,828,000	1,765,000	1,892,000	1,564,000	1,803,000	1,465,000	427,000	2,215,000	1,309,000	827,000	862,000	1,116,000	685,000	1,083,000	888,000	468,000	288,000
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	11,000	51,000	-33,000	-9,000	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	7,000	0	0
Gross Profit	3,914,000	3,682,000	3,363,000	2,785,000	542,000	2,266,000	1,764,000	2,410,000	2,693,000	2,625,000	2,760,000	2,573,000	2,728,000	2,511,000	1,204,000	4,036,000	2,515,000	1,571,000	1,571,000	1,886,000	1,305,000	1,331,000	977,000	732,000	618,000
Income Before Tax	3,051,000	2,066,000	2,565,000	1,413,000	-1,205,000	456,000	230,000	996,000	1,051,000	923,000	1,014,000	372,000	940,000	3,050,000	145,000	1,537,000	778,000	522,000	519,000	904,000	619,000	382,000	264,000	71,000	-21,000
Income Tax Expense	714,000	388,000	398,000	248,000	86,000	179,000	56,000	220,000	296,000	294,000	904,000	-6,000	44,000	689,000	-110,000	245,000	310,000	-36,000	-82,000	289,000	201,000	104,000	68,000	12,000	-27,000
Interest Expense	516,000	403,000	243,000	265,000	339,000	339,000	263,000	234,000	258,000	282,000	363,000	317,000	302,000	298,000	283,000	249,000	353,000	280,000	231,000	214,000	215,000	0	0	0	0
Interest Income	142,000	71,000	48,000	140,000	31,000	31,000	38,000	51,000	178,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-88,000	-68,000	-89,000	20,000	-11,000	20,000	14,000	22,000	-1,000	2,000	-99,000	-28,000	-2,000	34,000	-26,000	262,000	146,000	60,000	71,000	146,000	104,000	102,000	72,000	37,000	0
Net Income	2,243,000	1,610,000	2,078,000	1,145,000	-1,291,000	267,000	160,000	745,000	791,000	659,000	306,000	64,000	942,000	2,354,000	361,000	1,064,000	778,000	521,000	530,000	469,000	411,000	255,000	134,000	12,000	-5,000
Net Income Applicable To Common Shares	0	1,610,000	2,044,000	1,121,000	-1,322,000	233,000	126,000	709,000	738,000	467,000	230,000	28,000	908,000	2,287,000	283,000	986,000	738,000	517,000	530,000	469,000	418,000	278,000	124,000	22,000	0
Net Income From Continuing Ops	2,051,000	1,678,000	2,167,000	1,165,000	-1,291,000	277,000	174,000	776,000	755,000	485,000	110,000	378,000	896,000	2,361,000	255,000	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-329,000	-332,000	-195,000	-243,000	-308,000	-308,000	-225,000	-183,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	51,000	519,000	298,000	87,000	-48,000	191,000	177,000	64,000	151,000	176,000	170,000	111,000	2,422,000	646,000	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	108,000	0	0	12,000	13,000	2,000	0	514,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	2,198,000	2,480,000	2,846,000	1,528,000	-605,000	843,000	319,000	941,000	1,258,000	930,000	1,201,000	1,010,000	1,175,000	953,000	-138,000	2,423,000	1,156,000	593,000	615,000	904,000	723,000	739,000	555,000	45,000	297,000
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	57,334,000	64,919,000	57,023,000	39,977,000	41,949,000	44,900,000	45,475,000	41,815,000	42,225,000	56,786,000	60,146,000	59,981,000	57,568,000	44,754,000	42,064,000	50,151,000	36,686,000	25,681,000	23,660,000	24,264,000	21,442,000	13,335,000	10,929,000	9,622,000	7,653,000
Preferred Stock And Other Adjustments	0	0	34,000	24,000	42,000	34,000	34,000	36,000	53,000	48,000	76,000	36,000	34,000	67,000	78,000	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	420,000	408,000	424,000	435,000	548,000	622,000	609,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	35,000	33,000	33,000	24,000	15,000	15,000	20,000	17,000	16,000	20,000	19,000	19,000	22,000	24,000	26,000	35,000	34,000	22,000	18,000	14,000	8,000	8,000	6,000	5,000	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	108,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	1,610,000	1,369,000	1,234,000	1,358,000	1,351,000	1,423,000	1,445,000	1,286,000	1,435,000	1,691,000	1,559,000	1,563,000	1,553,000	1,558,000	1,342,000	1,613,000	1,359,000	978,000	956,000	871,000	691,000	592,000	436,000	387,000	321,000
Tax Provision	626,000	388,000	398,000	248,000	86,000	179,000	56,000	220,000	296,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	1,716,000	1,369,000	1,234,000	1,358,000	1,351,000	1,423,000	1,445,000	1,286,000	1,435,000	1,583,000	1,559,000	1,563,000	1,553,000	1,558,000	1,342,000	1,613,000	1,359,000	978,000	956,000	982,000	582,000	592,000	422,000	687,000	321,000
Total Other Income Expense Net	853,000	-414,000	-281,000	-115,000	-600,000	-79,000	136,000	55,000	8,000	76,000	100,000	-397,000	-35,000	2,326,000	444,000	10,000	265,000	113,000	31,000	-289,000	222,000	-173,000	-166,000	-274,000	9,000
Total Revenue	59,532,000	67,232,000	59,152,000	41,404,000	41,140,000	45,743,000	45,794,000	42,939,000	43,483,000	57,828,000	61,347,000	60,991,000	58,743,000	45,707,000	41,926,000	52,574,000	37,842,000	26,274,000	24,275,000	25,168,000	22,165,000	14,074,000	11,484,000	9,667,000	7,950,000

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31
Cost Of Revenue	13,794,000	13,182,000	13,684,000	14,147,000	15,842,000	15,871,000	17,161,000	14,676,000	15,994,000	13,255,000	14,726,000	11,814,000	11,706,000	9,557,000	8,357,000	8,999,000	10,212,000	11,301,000	9,584,000	9,501,000	11,121,000	10,494,000	11,605,000	10,257,000	11,146,000	10,933,000	11,290,000	10,661,000	11,355,000	10,867,000	10,011,000	8,296,000	10,430,000	10,042,000	10,247,000	10,096,000	13,199,000	12,957,000	16,000,000	13,047,000	15,565,000	14,010,000	14,875,000	14,138,000	16,490,000	16,434,000	14,430,000	12,925,000	15,709,000	14,910,000	13,841,000	11,555,000	11,897,000	10,950,000	10,549,000	9,800,000	10,122,000	10,955,000	10,582,000	9,063,000	10,434,000	13,588,000	12,914,000	11,602,000	6,280,000	11,769,000	9,383,000	7,889,000	7,169,000	6,480,000	5,692,000	5,317,000	6,374,000	5,819,000	5,445,000	5,066,000	5,740,000	6,007,000	5,374,000	5,374,000	5,822,000	5,462,000	4,960,000	4,616,000	4,353,000	3,107,000	2,783,000	2,500,000	2,894,000	2,818,000	2,479,000	2,316,000	2,401,000	2,415,000	2,082,000	1,888,000
Depreciation And Amortization	134,000	109,000	106,000	102,000	103,000	101,000	102,000	102,000	107,000	105,000	106,000	106,000	112,000	106,000	104,000	113,000	120,000	134,000	155,000	139,000	159,000	159,000	162,000	142,000	161,000	166,000	152,000	130,000	145,000	148,000	141,000	113,000	142,000	136,000	147,000	120,000	159,000	162,000	162,000	124,000	145,000	153,000	149,000	121,000	156,000	150,000	144,000	120,000	128,000	151,000	143,000	104,000	117,000	111,000	113,000	102,000	124,000	119,000	105,000	95,000	95,000	117,000	119,000	108,000	114,000	95,000	90,000	86,000	85,000	82,000	79,000	78,000	77,000	70,000	68,000	63,000	58,000	53,000	51,000	51,000	51,000	43,000	41,000	49,000	53,000	38,000	37,000	43,000	53,000	36,000	40,000	38,000	0	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-2,000	7,000	7,000	-2,000	48,000	-62,000	6,000	-6,000	-1,000	5,000	-4,000	-9,000	-1,000	21,000	1,000	14,000	-5,000	27,000	15,000	-5,000	2,000	103,000	1,000	-9,000	-342,000	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
Ebit	645,000	489,000	1,022,000	905,000	360,000	651,000	463,000	903,000	382,000	834,000	332,000	1,192,000	661,000	201,000	725,000	-165,000	29,000	-1,295,000	371,000	170,000	-83,000	573,000	175,000	72,000	-80,000	184,000	37,000	91,000	242,000	249,000	228,000	311,000	307,000	407,000	31,000	391,000	317,000	171,000	435,000	73,000	382,000	364,000	248,000	346,000	95,000	456,000	303,000	128,000	334,000	340,000	287,000	316,000	397,000	375,000	33,000	167,000	-50,000	14,000	357,000	-123,000	135,000	1,299,000	742,000	461,000	286,000	503,000	131,000	4,000	188,000	220,000	82,000	13,000	87,000	153,000	157,000	187,000	91,000	289,000	192,000	187,000	124,000	193,000	21,000	110,000	0	541,000	294,000	77,000	203,000	279,000	157,000	147,000	0	0	0	0
Ebitda	779,000	598,000	1,128,000	1,007,000	463,000	752,000	565,000	1,005,000	489,000	939,000	438,000	1,298,000	773,000	307,000	829,000	-52,000	149,000	-1,161,000	526,000	309,000	76,000	732,000	337,000	214,000	81,000	350,000	189,000	221,000	387,000	397,000	369,000	424,000	449,000	543,000	178,000	511,000	476,000	333,000	597,000	197,000	527,000	517,000	397,000	467,000	251,000	606,000	447,000	248,000	462,000	491,000	430,000	420,000	514,000	486,000	146,000	269,000	74,000	133,000	462,000	-28,000	230,000	1,416,000	861,000	569,000	400,000	598,000	221,000	90,000	273,000	302,000	161,000	91,000	164,000	223,000	225,000	250,000	149,000	342,000	243,000	238,000	175,000	236,000	62,000	159,000	53,000	579,000	331,000	120,000	256,000	315,000	197,000	185,000	0	-	-	-
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,000	0	0	0	39,000	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	7,000	0	-7,000	7,000	0	0	0	0
Gross Profit	1,140,000	1,045,000	1,365,000	1,181,000	818,000	888,000	772,000	1,204,000	689,000	862,000	665,000	1,147,000	904,000	602,000	1,105,000	174,000	571,000	-978,000	512,000	437,000	422,000	918,000	542,000	384,000	459,000	490,000	355,000	460,000	704,000	556,000	530,000	620,000	703,000	745,000	535,000	710,000	699,000	719,000	793,000	414,000	810,000	691,000	616,000	647,000	550,000	859,000	660,000	521,000	736,000	706,000	647,000	639,000	829,000	712,000	425,000	545,000	314,000	343,000	412,000	135,000	509,000	1,209,000	1,451,000	867,000	776,000	907,000	532,000	300,000	514,000	485,000	288,000	284,000	352,000	407,000	427,000	385,000	472,000	553,000	365,000	365,000	407,000	364,000	266,000	268,000	331,000	496,000	320,000	184,000	278,000	333,000	210,000	156,000	881,000	0	0	0
Income Before Tax	879,000	503,000	827,000	842,000	505,000	496,000	261,000	804,000	296,000	741,000	419,000	1,109,000	666,000	305,000	690,000	-248,000	-55,000	-1,510,000	272,000	88,000	17,000	452,000	-15,000	2,000	1,000	121,000	26,000	82,000	388,000	170,000	163,000	275,000	230,000	353,000	137,000	331,000	248,000	286,000	373,000	16,000	329,000	312,000	159,000	230,000	-504,000	368,000	342,000	103,000	240,000	131,000	291,000	278,000	346,000	295,000	2,320,000	89,000	-135,000	100,000	396,000	-216,000	-401,000	315,000	1,204,000	419,000	-73,000	547,000	277,000	27,000	230,000	203,000	21,000	68,000	1,000	174,000	187,000	157,000	220,000	337,000	146,000	146,000	177,000	136,000	229,000	77,000	36,000	187,000	100,000	59,000	117,000	107,000	39,000	1,000	19,000	61,000	-2,000	2,000
Income Tax Expense	219,000	-114,000	198,000	183,000	131,000	113,000	36,000	108,000	64,000	92,000	50,000	192,000	97,000	38,000	168,000	-55,000	16,000	-28,000	60,000	38,000	73,000	85,000	2,000	19,000	54,000	29,000	-55,000	28,000	102,000	45,000	39,000	34,000	26,000	140,000	45,000	85,000	144,000	9,000	111,000	30,000	202,000	589,000	38,000	73,000	-203,000	80,000	68,000	14,000	-18,000	-1,000	20,000	43,000	41,000	97,000	542,000	9,000	-58,000	-97,000	79,000	-34,000	-214,000	5,000	337,000	117,000	89,000	145,000	70,000	6,000	-69,000	25,000	-3,000	11,000	-160,000	-18,000	52,000	44,000	73,000	100,000	58,000	58,000	70,000	47,000	47,000	37,000	22,000	65,000	36,000	46,000	40,000	24,000	4,000	68,000	3,000	12,000	-1,000	1,000
Interest Expense	142,000	-133,000	129,000	112,000	97,000	103,000	92,000	111,000	59,000	57,000	54,000	73,000	70,000	56,000	62,000	77,000	90,000	86,000	88,000	75,000	74,000	101,000	94,000	70,000	72,000	64,000	62,000	65,000	45,000	73,000	59,000	57,000	71,000	77,000	57,000	53,000	57,000	70,000	76,000	79,000	99,000	102,000	86,000	76,000	87,000	86,000	82,000	62,000	80,000	80,000	70,000	72,000	57,000	62,000	101,000	78,000	71,000	79,000	66,000	67,000	361,000	97,000	90,000	98,000	353,000	102,000	79,000	70,000	280,000	66,000	67,000	61,000	231,000	56,000	50,000	57,000	214,000	52,000	52,000	52,000	215,000	56,000	57,000	54,000	53,000	42,000	40,000	42,000	40,000	48,000	64,000	73,000	60,000	69,000	75,000	50,000
Interest Income	27,000	38,000	130,000	1,000	21,000	95,000	11,000	9,000	14,000	14,000	6,000	9,000	38,000	38,000	6,000	7,000	9,000	8,000	7,000	75,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Minority Interest	-44,000	-16,000	-7,000	-27,000	-38,000	-3,000	19,000	8,000	-1,000	4,000	630,000	86,000	18,000	5,000	6,000	-9,000	-20,000	6,000	-2,000	5,000	7,000	9,000	2,000	2,000	7,000	189,000	6,000	1,000	14,000	12,000	-1,000	-3,000	248,000	-5,000	7,000	-3,000	9,000	10,000	-11,000	-6,000	-8,000	-45,000	-14,000	-32,000	-21,000	4,000	-8,000	-3,000	6,000	-7,000	-4,000	3,000	14,000	-6,000	9,000	17,000	0	-35,000	9,000	19,000	30,000	90,000	109,000	33,000	42,000	57,000	35,000	12,000	22,000	19,000	8,000	11,000	12,000	22,000	22,000	15,000	42,000	55,000	31,000	18,000	26,000	33,000	25,000	20,000	41,000	27,000	14,000	20,000	29,000	26,000	12,000	5,000	5,000	27,000	-6,000	6,000
Net Income	616,000	373,000	622,000	632,000	336,000	380,000	206,000	688,000	231,000	653,000	362,000	831,000	551,000	262,000	516,000	-184,000	-51,000	-1,488,000	214,000	45,000	-65,000	365,000	-12,000	-21,000	-60,000	92,000	81,000	47,000	271,000	118,000	121,000	235,000	203,000	239,000	86,000	263,000	90,000	294,000	288,000	-13,000	138,000	-120,000	136,000	180,000	-599,000	297,000	274,000	92,000	254,000	140,000	316,000	232,000	301,000	212,000	1,778,000	63,000	11,000	232,000	322,000	-195,000	-210,000	234,000	751,000	289,000	245,000	351,000	168,000	14,000	264,000	169,000	30,000	58,000	149,000	170,000	113,000	98,000	105,000	182,000	70,000	70,000	100,000	89,000	182,000	40,000	88,000	95,000	50,000	22,000	48,000	57,000	23,000	6,000	10,000	17,000	0	0
Net Income Applicable To Common Shares	0	373,000	622,000	632,000	336,000	380,000	206,000	688,000	222,000	645,000	353,000	823,000	550,000	266,000	512,000	-207,000	-68,000	-1,496,000	205,000	37,000	-74,000	357,000	-21,000	-29,000	-69,000	84,000	72,000	39,000	262,000	116,000	109,000	222,000	188,000	229,000	72,000	241,000	-62,000	284,000	272,000	-27,000	115,000	-165,000	110,000	170,000	-610,000	289,000	265,000	84,000	245,000	132,000	307,000	224,000	292,000	193,000	1,758,000	44,000	51,000	232,000	293,000	0	771,000	215,000	731,000	270,000	230,000	343,000	159,000	6,000	260,000	169,000	30,000	58,000	149,000	170,000	113,000	98,000	105,000	182,000	112,000	70,000	103,000	91,000	183,000	41,000	97,000	95,000	50,000	36,000	48,000	57,000	23,000	0	11,000	22,000	0	0
Net Income From Continuing Ops	660,000	389,000	629,000	659,000	374,000	383,000	225,000	696,000	232,000	649,000	369,000	917,000	569,000	267,000	522,000	-193,000	-71,000	-1,482,000	212,000	50,000	-56,000	367,000	-17,000	-17,000	-53,000	92,000	81,000	54,000	286,000	125,000	124,000	241,000	204,000	213,000	92,000	246,000	-40,000	277,000	262,000	-14,000	128,000	-296,000	121,000	157,000	-278,000	301,000	266,000	89,000	258,000	132,000	271,000	235,000	305,000	198,000	1,778,000	80,000	0	197,000	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
Net Interest Income	-115,000	-95,000	-89,000	-69,000	-76,000	-73,000	-81,000	-102,000	-45,000	-38,000	-48,000	-64,000	-66,000	-51,000	-56,000	-70,000	-81,000	-78,000	-81,000	-68,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Non Operating Income Net Other	0	0	-14,000	107,000	164,000	18,000	-105,000	-26,000	-22,000	203,000	76,000	262,000	212,000	76,000	60,000	-50,000	-10,000	-117,000	183,000	31,000	38,000	-32,000	-86,000	32,000	30,000	35,000	61,000	65,000	145,000	11,000	-5,000	26,000	-4,000	43,000	20,000	5,000	16,000	40,000	48,000	47,000	68,000	92,000	8,000	8,000	-69,000	24,000	152,000	63,000	18,000	-100,000	138,000	55,000	23,000	10,000	2,420,000	-31,000	0	185,000	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	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	108,000	0	0	0	0	0	0	0	0	0	0	0	12,000	-36,000	12,000	0	13,000	0	0	0	2,000	0	0	0	0	0	0	0	514,000	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
Operating Income	645,000	598,000	1,022,000	905,000	360,000	651,000	463,000	903,000	354,000	535,000	368,000	876,000	539,000	250,000	759,000	-121,000	189,000	-1,307,000	177,000	132,000	53,000	585,000	165,000	40,000	60,000	95,000	27,000	82,000	359,000	232,000	227,000	259,000	318,000	387,000	174,000	379,000	165,000	265,000	401,000	48,000	367,000	306,000	237,000	298,000	201,000	443,000	264,000	102,000	304,000	312,000	264,000	295,000	390,000	355,000	10,000	198,000	-76,000	-6,000	103,000	-159,000	140,000	827,000	991,000	465,000	342,000	554,000	225,000	35,000	236,000	230,000	70,000	57,000	65,000	177,000	184,000	189,000	91,000	322,000	187,000	187,000	219,000	181,000	205,000	118,000	110,000	364,000	197,000	68,000	176,000	207,000	98,000	74,000	144,000	133,000	54,000	14,000
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	14,289,000	13,629,000	14,104,000	14,500,000	16,232,000	16,208,000	17,495,000	14,984,000	16,332,000	13,582,000	15,023,000	12,085,000	12,071,000	9,909,000	8,703,000	9,294,000	10,594,000	11,630,000	9,919,000	9,806,000	11,490,000	10,827,000	11,982,000	10,601,000	11,545,000	11,273,000	11,618,000	11,039,000	11,700,000	11,191,000	10,314,000	8,610,000	10,815,000	10,400,000	10,608,000	10,427,000	13,621,000	13,360,000	16,392,000	13,413,000	16,008,000	14,379,000	15,254,000	14,487,000	16,889,000	16,850,000	14,808,000	13,344,000	16,141,000	15,304,000	14,224,000	11,899,000	12,336,000	11,307,000	10,964,000	10,197,000	10,512,000	11,304,000	10,572,000	9,357,000	10,803,000	13,970,000	13,374,000	12,004,000	6,714,000	12,122,000	9,690,000	8,154,000	7,447,000	6,735,000	5,910,000	5,544,000	6,661,000	6,049,000	5,688,000	5,262,000	6,121,000	6,238,000	5,552,000	5,552,000	6,010,000	5,645,000	5,021,000	4,766,000	4,574,000	3,239,000	2,906,000	2,616,000	2,996,000	2,944,000	2,591,000	2,398,000	0	0	0	0
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	9,000	8,000	9,000	8,000	1,000	-4,000	4,000	23,000	17,000	8,000	9,000	8,000	9,000	8,000	9,000	8,000	9,000	8,000	9,000	8,000	9,000	2,000	12,000	13,000	15,000	10,000	14,000	14,000	8,000	10,000	16,000	14,000	23,000	17,000	26,000	10,000	11,000	8,000	9,000	8,000	9,000	8,000	9,000	8,000	9,000	19,000	20,000	19,000	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	-	-	-
Reconciled Depreciation	134,000	109,000	106,000	102,000	103,000	101,000	102,000	102,000	107,000	105,000	106,000	106,000	112,000	106,000	104,000	113,000	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	117,000	119,000	108,000	114,000	95,000	90,000	86,000	85,000	82,000	79,000	78,000	77,000	70,000	68,000	63,000	58,000	53,000	51,000	51,000	51,000	43,000	41,000	49,000	53,000	38,000	37,000	43,000	53,000	36,000	40,000	38,000	0	-	-	-
Research Development	0	0	0	0	33,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	15,000	0	0	0	20,000	0	0	0	17,000	0	0	0	16,000	0	0	0	20,000	0	0	0	19,000	0	0	0	19,000	0	0	0	22,000	0	0	0	24,000	0	0	0	26,000	0	0	0	35,000	0	0	0	34,000	0	0	0	22,000	0	0	0	18,000	0	0	0	14,000	0	0	0	8,000	0	0	0	8,000	0	0	0	6,000	0	0	0	5,000	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	70,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	108,000	0	0	0	0	13,000	0	0	67,000	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	319,000	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Selling General Administrative	495,000	447,000	420,000	353,000	390,000	337,000	334,000	308,000	338,000	327,000	297,000	271,000	295,000	352,000	346,000	295,000	382,000	329,000	335,000	305,000	369,000	333,000	377,000	344,000	399,000	340,000	328,000	378,000	345,000	324,000	303,000	314,000	385,000	358,000	361,000	331,000	530,000	403,000	392,000	366,000	443,000	382,000	379,000	349,000	332,000	416,000	396,000	419,000	432,000	394,000	383,000	344,000	439,000	357,000	415,000	347,000	390,000	349,000	309,000	294,000	369,000	382,000	460,000	402,000	434,000	353,000	307,000	265,000	278,000	255,000	218,000	227,000	287,000	230,000	243,000	196,000	270,000	231,000	178,000	178,000	505,000	183,000	172,000	150,000	221,000	132,000	123,000	116,000	116,000	126,000	112,000	82,000	80,000	119,000	108,000	80,000
Tax Provision	219,000	114,000	198,000	183,000	131,000	113,000	36,000	108,000	64,000	92,000	50,000	192,000	97,000	38,000	168,000	-55,000	16,000	-28,000	60,000	38,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Total Operating Expenses	495,000	447,000	420,000	353,000	390,000	337,000	334,000	308,000	338,000	327,000	297,000	271,000	365,000	352,000	346,000	295,000	382,000	329,000	335,000	305,000	369,000	333,000	377,000	344,000	399,000	340,000	328,000	378,000	345,000	324,000	303,000	314,000	385,000	358,000	361,000	331,000	422,000	403,000	392,000	366,000	443,000	369,000	379,000	349,000	399,000	416,000	378,000	419,000	432,000	394,000	383,000	344,000	439,000	357,000	415,000	397,000	390,000	349,000	-10,000	294,000	369,000	382,000	460,000	402,000	434,000	353,000	307,000	265,000	278,000	255,000	218,000	227,000	287,000	230,000	243,000	196,000	381,000	231,000	178,000	178,000	188,000	183,000	61,000	150,000	221,000	132,000	123,000	116,000	102,000	126,000	112,000	82,000	0	0	0	0
Total Other Income Expense Net	234,000	-95,000	-29,000	-63,000	145,000	-155,000	-202,000	-99,000	-10,000	244,000	99,000	297,000	193,000	106,000	-13,000	-57,000	-163,000	-125,000	176,000	24,000	28,000	-39,000	-92,000	24,000	4,000	26,000	53,000	53,000	60,000	-2,000	-19,000	16,000	-18,000	25,000	7,000	-6,000	12,000	21,000	15,000	28,000	32,000	66,000	-4,000	-1,000	-586,000	-2,000	121,000	37,000	-14,000	-129,000	74,000	34,000	6,000	-18,000	2,388,000	-109,000	-14,000	165,000	5,000	-26,000	-547,000	-458,000	242,000	24,000	82,000	57,000	90,000	36,000	35,000	20,000	2,000	56,000	-22,000	24,000	27,000	2,000	129,000	33,000	-5,000	-5,000	95,000	-12,000	184,000	8,000	110,000	-177,000	-97,000	-9,000	-27,000	-72,000	-59,000	-73,000	0	0	0	0
Total Revenue	14,934,000	14,227,000	15,049,000	15,328,000	16,660,000	16,759,000	17,933,000	15,880,000	16,683,000	14,117,000	15,391,000	12,961,000	12,610,000	10,159,000	9,462,000	9,173,000	10,783,000	10,323,000	10,096,000	9,938,000	11,543,000	11,412,000	12,147,000	10,641,000	11,605,000	11,423,000	11,645,000	11,121,000	12,059,000	11,423,000	10,541,000	8,916,000	11,133,000	10,787,000	10,782,000	10,806,000	13,898,000	13,676,000	16,793,000	13,461,000	16,375,000	14,701,000	15,491,000	14,785,000	17,040,000	17,293,000	15,090,000	13,446,000	16,445,000	15,616,000	14,488,000	12,194,000	12,726,000	11,662,000	10,974,000	10,345,000	10,436,000	11,298,000	10,994,000	9,198,000	10,943,000	14,797,000	14,365,000	12,469,000	7,056,000	12,676,000	9,915,000	8,189,000	7,683,000	6,965,000	5,980,000	5,601,000	6,726,000	6,226,000	5,872,000	5,451,000	6,212,000	6,560,000	5,739,000	5,739,000	6,229,000	5,826,000	5,226,000	4,884,000	4,684,000	3,603,000	3,103,000	2,684,000	3,172,000	3,151,000	2,689,000	2,472,000	2,667,000	2,711,000	2,284,000	2,005,000

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

Gross Profit (+$)
totalRevenue	59,532,000
Cost of Revenue	-55,618,000
Gross Profit	3,914,000	3,914,000

Operating Income (+$)
Gross Profit	3,914,000
Operating Expense	-1,716,000
Operating Income	2,198,000	2,198,000

Operating Expense (+$)
Research Development	35,000
Selling General Administrative	1,610,000
Selling And Marketing Expenses	0
Operating Expense	1,716,000	1,645,000

Net Interest Income (+$)
Interest Income	142,000
Interest Expense	-516,000
Other Finance Cost	-45,000
Net Interest Income	-329,000

Pretax Income (+$)
Operating Income	2,198,000
Net Interest Income	-329,000
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	3,051,000	1,345,000 EBIT - interestExpense = 1,682,000 2,957,000 2,759,000
Interest Expense	516,000
Earnings Before Interest and Taxes (EBIT)	2,198,000	3,567,000
Earnings Before Interest and Taxes (EBITDA)	2,649,000

After tax Income (+$)
Income Before Tax	3,051,000
Tax Provision	-626,000
Net Income From Continuing Ops	2,051,000	2,425,000
Net Income	2,243,000
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	57,334,000
Total Other Income/Expenses Net	853,000	329,000

Technical Analysis of Bunge
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 Bunge. The general trend of Bunge is BULLISH with 42.9% 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 Bunge's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (42.9%)		Bearish trend (-42.9%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

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

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

Score

Let's take a look at the Support & Resistance of Bunge Limited.

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

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 107.78 < 108.40 < 114.08.

The bearish price targets are: 94.83 > 89.34 > 87.30.

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Bunge Limited 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 Bunge Limited. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

MA 20 trending up: The MA 20 is trending up. +1
Close > MA 20: The price is above the MA 20. +1
MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending up: The MA 50 is trending up. +1
Close > MA 50: The price is above 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 above the MA 100. +1
MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
MA 200 trending up: The MA 200 is trending up. +1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Bunge Limited 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 Bunge Limited. The current macd is 2.34404743.

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 Bunge price going down in the near term. -2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Bunge. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Bunge price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

Bunge Limited 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 Bunge Limited. The current adx is 42.09.

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

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Bunge shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2

Bunge Limited 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 Bunge Limited. The current sar is 106.80.

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

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 Bunge Limited. The current rsi is 67.08. The current phase is Continuation in bull market.

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

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Bunge Limited 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 Bunge Limited. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +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 Bunge price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Bunge Limited 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 Bunge Limited. The current cci is 73.96.

Bunge Limited 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 Bunge Limited. The current cmo is 33.55.

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

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Bunge Limited 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 Bunge Limited. The current willr is -22.01039861.

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

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 Bunge Limited.

Bunge Limited 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 Bunge Limited. The current atr is 1.88732574.

Bunge Limited 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 Bunge Limited. The current obv is 45,864,900.

Bunge Limited 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 Bunge Limited. The current mfi is 66.31.

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

MFI > 50: +1

Bunge Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Bunge Limited.

6.2. Trading Signals

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

Date	Indicator	Signal
2023-11-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-11-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-11-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-04	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-12-06	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-27	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-29	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-04	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-01-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-08	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-22	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-23	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-30	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-07	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-08	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-12	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-16	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-20	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-29	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-04	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-07	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-11	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-13	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-18	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-22	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-26	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-27	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-04-01	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-04-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-03	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-04-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-11	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-04-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Bunge Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	67.082
Ma 20	Greater than	Ma 50	103.974
Ma 50	Greater than	Ma 100	97.359
Ma 100	Greater than	Ma 200	97.987
Open	Greater than	Close	105.630
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Quick analysis of Bunge (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Bunge (5 min.)

$106.51

$80.37

$-108.17 - $926.71

$-27.80 - $1,007.08

2. Growth of Bunge (5 min.)

Is Bunge growing?

How much money is Bunge making?

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

3. Financial Health of Bunge (5 min.)

4. Comparing to competitors in the Farm Products industry (5 min.)

Industry Rankings (Farm Products)

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

What can you expect buying and holding a share of Bunge?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Bunge

About Bunge Limited

Financial Health

Valuation

1.1. Profitability of Bunge Limited.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Farm Products)

1.1.2. Return on Assets

Trends

Compared to industry (Farm Products)

1.1.3. Return on Equity

Trends

Compared to industry (Farm Products)

1.2. Operating Efficiency of Bunge Limited.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Farm Products)

1.2.2. Operating Ratio

Trends

Compared to industry (Farm Products)

1.3. Liquidity of Bunge Limited.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Farm Products)

1.3.2. Quick Ratio

Trends

Compared to industry (Farm Products)

1.4. Solvency of Bunge Limited.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Farm Products)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Farm Products)

2. Market Valuation of Bunge Limited

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Farm Products)

Bunge Limited
Buy, Hold or Sell?