Biglari Holdings Inc
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Let's analyse Biglari Holdings Inc together

Penke I guess you are interested in Biglari Holdings Inc. 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 Biglari Holdings Inc. 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 Biglari Holdings Inc (30 sec.)

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

How much money do you get?

$0.00

When do you have the money?

1 year

How often do you get paid?

0.0%

What is your share worth?

Current worth

$289.72

Expected worth in 1 year

$400.40

How sure are you?

52.5%

+ What do you gain per year?

Total Gains per Share

$110.68

Return On Investment

55.0%

For what price can you sell your share?

Current Price per Share

$201.36

Expected price per share

$183.50 - $207.47

How sure are you?

50%

1. Valuation of Biglari Holdings Inc (5 min.)

Live pricePrice per Share (EOD)

$201.36

Book Value per Share

$289.72

Intrinsic Value Per Share

$341.16 - $789.74

Total Value Per Share

$630.88 - $1,079.46

My calculation of the intrinsic value of Biglari Holdings Inc 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: ($6.90) 3Y: ($11.85) TTM: ($4.71)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.24) 3Y: ($0.57) TTM: ($0.40)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$28.92	$52.05	$31.43 - $56.44
2	$59.67	$111.22	$35.25 - $65.49
3	$91.96	$177.04	$39.07 - $74.54
4	$125.52	$249.07	$42.89 - $83.60
5	$160.09	$326.91	$46.71 - $92.65
6	$195.46	$410.15	$50.53 - $101.71
7	$231.42	$498.40	$54.35 - $110.76
8	$267.80	$591.32	$58.17 - $119.81
9	$304.43	$688.54	$61.99 - $128.87
10	$341.16	$789.74	$65.81 - $137.92

2. Growth of Biglari Holdings Inc (5 min.)

Is Biglari Holdings Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$599.3m	$548.5m	$50m	8.4%

How much money is Biglari Holdings Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$13.7m	-$8m	$21.7m	158.3%
Net Profit Margin	15.3%	-8.8%	-	-

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

Quarterly Yearly

3. Financial Health of Biglari Holdings Inc (5 min.)

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

Industry Rankings (Restaurants)

Richest
#21 / 181

Most Revenue
#91 / 181

Most Profit
#39 / 181

Most Efficient
#12 / 181

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

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

What can you expect buying and holding a share of Biglari Holdings Inc?

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

Speculation

The Price per Share of Biglari Holdings Inc is $201.36. 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 Biglari Holdings Inc.
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 Biglari Holdings Inc, 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 $289.72. Based on the TTM, the Book Value Change Per Share is $27.67 per quarter. Based on the YOY, the Book Value Change Per Share is $-26.26 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 $0.00 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Biglari Holdings Inc.

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	21.58	10.7%	6.23	3.1%	-4.30	-2.1%	1.42	0.7%	1.75	0.9%
Usd Book Value Change Per Share	110.09	54.7%	27.67	13.7%	-26.26	-13.0%	0.70	0.3%	1.57	0.8%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%
Usd Total Gains Per Share	110.09	54.7%	27.67	13.7%	-26.26	-13.0%	0.70	0.3%	1.57	0.8%
Usd Price Per Share	164.93	-	174.32	-	130.43	-	130.74	-	248.36	-
Price to Earnings Ratio	1.91	-	20.16	-	-59.72	-	-174.11	-	117.17	-
Price-to-Total Gains Ratio	1.50	-	-31.38	-	-187.12	-	-56.30	-	-28.74	-
Price to Book Ratio	0.57	-	0.83	-	0.56	-	0.52	-	0.95	-
Price-to-Total Gains Ratio	1.50	-	-31.38	-	-187.12	-	-56.30	-	-28.74	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	201.36
Number of shares	4

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.00
Usd Book Value Change Per Share	27.67	0.70
Usd Total Gains Per Share	27.67	0.70
Gains per Quarter (4 shares)	110.68	2.79
Gains per Year (4 shares)	442.72	11.17

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	0	443	433	0	11	1
2	0	885	876	0	22	12
3	0	1328	1319	0	34	23
4	0	1771	1762	0	45	34
5	0	2214	2205	0	56	45
6	0	2656	2648	0	67	56
7	0	3099	3091	0	78	67
8	0	3542	3534	0	89	78
9	0	3984	3977	0	101	89
10	0	4427	4420	0	112	100

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	3.0	1.0	0.0	75.0%	6.0	6.0	0.0	50.0%	12.0	8.0	0.0	60.0%	24.0	16.0	0.0	60.0%	102.0	21.0	0.0	82.9%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	4.0	8.0	0.0	33.3%	10.0	10.0	0.0	50.0%	21.0	19.0	0.0	52.5%	91.0	32.0	0.0	74.0%
Dividend per Share	0.0	0.0	4.0	0.0%	0.0	0.0	12.0	0.0%	0.0	0.0	20.0	0.0%	0.0	0.0	40.0	0.0%	4.0	0.0	119.0	3.3%
Total Gains per Share	2.0	2.0	0.0	50.0%	4.0	8.0	0.0	33.3%	10.0	10.0	0.0	50.0%	21.0	19.0	0.0	52.5%	92.0	31.0	0.0	74.8%

Fundamentals of Biglari Holdings Inc

About Biglari Holdings Inc

https://www.biglariholdings.com
Restaurants
2466
19100 Ridgewood Parkway, San Antonio, TX, United States, 78259
Google Maps Bing Maps

Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance. In addition, it operates oil and natural gas properties in the Gulf of Mexico; and publishes and sells magazines under the MAXIM brand name. Further, it licenses media products and services; and engages in the investment activities. The company was formerly known as The Steak n Shake Company and changed its name to Biglari Holdings Inc. in April 2010. Biglari Holdings Inc. was founded in 1934 and is based in San Antonio, Texas.

Fundamental data was last updated by Penke on 2024-04-13 07:27:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient 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 just able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is very 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 cheap.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Biglari Holdings Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Biglari Holdings Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Biglari Holdings Inc to the Restaurants industry mean.
A Net Profit Margin of 49.2% means that $0.49 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Biglari Holdings Inc:

The MRQ is 49.2%. The company is making a huge profit. +2
The TTM is 15.3%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	49.2%	TTM	15.3%	+34.0%
TTM	15.3%	YOY	-8.8%	+24.1%
TTM	15.3%	5Y	4.4%	+10.9%
5Y	4.4%	10Y	5.3%	-0.9%

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
MRQ	49.2%	2.3%	+46.9%
TTM	15.3%	2.6%	+12.7%
YOY	-8.8%	1.5%	-10.3%
5Y	4.4%	-0.6%	+5.0%
10Y	5.3%	0.5%	+4.8%

Measures how much net profit Biglari Holdings Inc earns for each $1 of revenue.

Revenue is the amount of profit Biglari Holdings Inc 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 Biglari Holdings Inc 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 Biglari Holdings Inc to the Restaurants industry mean.
Can be used to compare companies within the Restaurants industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Biglari Holdings Inc. If profit margins remain low (compared to the Restaurants 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 Biglari Holdings Inc is 0.49. This means that Biglari Holdings Inc earned $0.49 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 Restaurants industry is 2.3%.
What is the trend?
The trend is important because it shows you how Biglari Holdings Inc is performing over time. The most recent quarter might be important if Biglari Holdings Inc 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 Biglari Holdings Inc 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 Biglari Holdings Inc with other companies in the same industry (Restaurants).
Net profit margin should rise over the years.
Can be influenced when Biglari Holdings Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Biglari Holdings Inc 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 Biglari Holdings Inc

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 Biglari Holdings Inc = 44,640
Total revenue MRQ Biglari Holdings Inc = 90,665
$44,640 / $90,665 = 0.49 or 49.2%

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 Biglari Holdings Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Biglari Holdings Inc to the Restaurants industry mean.
5.2% Return on Assets means that Biglari Holdings Inc generated $0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Biglari Holdings Inc:

The MRQ is 5.2%. Using its assets, the company is efficient in making profit. +1
The TTM is 1.4%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	5.2%	TTM	1.4%	+3.8%
TTM	1.4%	YOY	-1.2%	+2.6%
TTM	1.4%	5Y	0.2%	+1.2%
5Y	0.2%	10Y	0.6%	-0.4%

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
MRQ	5.2%	0.8%	+4.4%
TTM	1.4%	1.0%	+0.4%
YOY	-1.2%	0.8%	-2.0%
5Y	0.2%	0.2%	+0.0%
10Y	0.6%	0.7%	-0.1%

Shows how efficient Biglari Holdings Inc 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 Biglari Holdings Inc to the Restaurants 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 Biglari Holdings Inc is using its resources to generate profit. If the return on assets (5.2%) from Biglari Holdings Inc are higher than the Restaurants mean (0.8%) that means Biglari Holdings Inc 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 Biglari Holdings Inc is 5.2%. This means the company generated $0.05 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Restaurants industry is 0.8%.
What is the trend?
The trend is important because it shows you how Biglari Holdings Inc is performing over time. The most recent quarter might be important if Biglari Holdings Inc 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 Biglari Holdings Inc 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 Biglari Holdings Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Biglari Holdings Inc = 44,640
Total assets MRQ (balance sheet) from Biglari Holdings Inc = 859,086
44,640 / 859,086 = 0.05 or 5.2%

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

Above 15%-20% is considered healthy but always compare Biglari Holdings Inc to the Restaurants industry mean.
7.4% Return on Equity means Biglari Holdings Inc generated $0.07 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Biglari Holdings Inc:

The MRQ is 7.4%. Using its investors money, the company is less efficient in making profit.
The TTM is 2.1%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	7.4%	TTM	2.1%	+5.4%
TTM	2.1%	YOY	-1.7%	+3.8%
TTM	2.1%	5Y	0.2%	+1.9%
5Y	0.2%	10Y	1.1%	-0.9%

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
MRQ	7.4%	2.4%	+5.0%
TTM	2.1%	3.1%	-1.0%
YOY	-1.7%	1.9%	-3.6%
5Y	0.2%	-0.4%	+0.6%
10Y	1.1%	1.7%	-0.6%

Shows how efficient Biglari Holdings Inc 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 Biglari Holdings Inc to the Restaurants 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 Restaurants 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 Biglari Holdings Inc is 7.4%. This means Biglari Holdings Inc generated $0.07 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Restaurants industry is 2.4%.
What is the trend?
The trend is important because it shows you how Biglari Holdings Inc is performing over time. The most recent quarter might be important if Biglari Holdings Inc 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 Biglari Holdings Inc up to 10 years back (depending if Biglari Holdings Inc 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 Biglari Holdings Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Biglari Holdings Inc = 44,640
Shareholders equity (balance sheet) MRQ Biglari Holdings Inc = 599,330
44,640 / 599,330 = 0.07 or 7.4%

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 Biglari Holdings Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Biglari Holdings Inc is operating .

Measures how much profit Biglari Holdings Inc 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 Biglari Holdings Inc to the Restaurants industry mean.
An Operating Margin of 7.5% means the company generated $0.08 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Biglari Holdings Inc:

The MRQ is 7.5%. The company is operating less efficient.
The TTM is 6.4%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	7.5%	TTM	6.4%	+1.1%
TTM	6.4%	YOY	-8.4%	+14.8%
TTM	6.4%	5Y	6.0%	+0.4%
5Y	6.0%	10Y	7.4%	-1.4%

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
MRQ	7.5%	4.6%	+2.9%
TTM	6.4%	4.0%	+2.4%
YOY	-8.4%	2.8%	-11.2%
5Y	6.0%	1.8%	+4.2%
10Y	7.4%	2.9%	+4.5%

Measures how efficient Biglari Holdings Inc 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 Biglari Holdings Inc to the Restaurants 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 Biglari Holdings Inc 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 Biglari Holdings Inc is 7.5%. This means that Biglari Holdings Inc earned $0.08 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Restaurants industry is 4.6%.
What is the trend?
The trend is important because it shows you how Biglari Holdings Inc is performing over time. The most recent quarter might be important if Biglari Holdings Inc 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 Biglari Holdings Inc 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 Biglari Holdings Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Biglari Holdings Inc = 6,834
Total revenue MRQ Biglari Holdings Inc = 90,665
$6,834 / $90,665 = 0.08 or 7.5%

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 Biglari Holdings Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Restaurants industry mean).
An Operation Ratio of 0.92 means that the operating costs are $0.92 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Biglari Holdings Inc:

The MRQ is 0.925. The company is less efficient in keeping operating costs low.
The TTM is 0.861. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.925	TTM	0.861	+0.063
TTM	0.861	YOY	0.876	-0.015
TTM	0.861	5Y	0.913	-0.051
5Y	0.913	10Y	0.949	-0.036

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
MRQ	0.925	1.261	-0.336
TTM	0.861	1.234	-0.373
YOY	0.876	1.210	-0.334
5Y	0.913	1.169	-0.256
10Y	0.949	1.083	-0.134

Measures how efficient Biglari Holdings Inc 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 Biglari Holdings Inc to the Restaurants 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 Biglari Holdings Inc is 92.5%. This means that Biglari Holdings Inc earned $0.92 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 Restaurants industry is 1.26.
What is the trend?
The trend is important because it shows you how Biglari Holdings Inc is performing over time. The most recent quarter might be important if Biglari Holdings Inc 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 Biglari Holdings Inc 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 Biglari Holdings Inc

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
(61,416 +22,415) \ 90,665 = 0.92

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 Biglari Holdings Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Biglari Holdings Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Restaurants industry mean).
A Current Ratio of 1.36 means the company has $1.36 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Biglari Holdings Inc:

The MRQ is 1.364. The company is just able to pay all its short-term debts.
The TTM is 1.243. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.364	TTM	1.243	+0.121
TTM	1.243	YOY	1.149	+0.094
TTM	1.243	5Y	0.943	+0.299
5Y	0.943	10Y	1.032	-0.088

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
MRQ	1.364	0.759	+0.605
TTM	1.243	0.759	+0.484
YOY	1.149	0.907	+0.242
5Y	0.943	0.939	+0.004
10Y	1.032	1.025	+0.007

Measures if Biglari Holdings Inc 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 Restaurants 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 Biglari Holdings Inc 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 Biglari Holdings Inc is 1.36. This means Biglari Holdings Inc has $1.36 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Restaurants industry is 0.76.
What is the trend?
The trend is important because it shows you how Biglari Holdings Inc is performing over time. The most recent quarter might be important if Biglari Holdings Inc 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 Biglari Holdings Inc 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 Biglari Holdings Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
151,532 \ 111,100) = 1.36

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

Above 1 is considered healthy but always compare Biglari Holdings Inc to the Restaurants industry mean.
A Quick Ratio of 2.11 means the company can pay off $2.11 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Biglari Holdings Inc:

The MRQ is 2.107. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 1.835. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	2.107	TTM	1.835	+0.272
TTM	1.835	YOY	1.582	+0.253
TTM	1.835	5Y	1.364	+0.471
5Y	1.364	10Y	1.241	+0.123

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
MRQ	2.107	0.346	+1.761
TTM	1.835	0.344	+1.491
YOY	1.582	0.484	+1.098
5Y	1.364	0.523	+0.841
10Y	1.241	0.555	+0.686

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Biglari Holdings Inc to the Restaurants industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Biglari Holdings Inc can pay off its short term debts. This shows if Biglari Holdings Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Biglari Holdings Inc is 2.11. This means that Biglari Holdings Inc can pay off $2.11 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Restaurants industry is 0.35.
What is the trend?
The trend is important because it shows you how Biglari Holdings Inc is performing over time. The most recent quarter might be important if Biglari Holdings Inc 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 Biglari Holdings Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Biglari Holdings Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Biglari Holdings Inc: (119,945 + 91,879 +22,241) / 111,100 = 2.11

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Biglari Holdings Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Biglari Holdings Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Biglari Holdings Inc to Restaurants industry mean.
A Debt to Asset Ratio of 0.30 means that Biglari Holdings Inc assets are financed with 30.2% credit (debt) and the remaining percentage (100% - 30.2%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Biglari Holdings Inc:

The MRQ is 0.302. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.313. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.302	TTM	0.313	-0.010
TTM	0.313	YOY	0.345	-0.032
TTM	0.313	5Y	0.388	-0.075
5Y	0.388	10Y	0.439	-0.051

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
MRQ	0.302	0.700	-0.398
TTM	0.313	0.699	-0.386
YOY	0.345	0.683	-0.338
5Y	0.388	0.666	-0.278
10Y	0.439	0.604	-0.165

Measures how much % of Biglari Holdings Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Biglari Holdings Inc to Restaurants 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 Biglari Holdings Inc is 0.30. This means means that Biglari Holdings Inc is financed with 30.2% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Restaurants industry is 75.9%.
What is the trend?
The trend is important because it shows you how Biglari Holdings Inc is performing over time. The most recent quarter might be important if Biglari Holdings Inc 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 Biglari Holdings Inc 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 Biglari Holdings Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Biglari Holdings Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
259,756 \ 859,086 = 30.2% or 0.30.

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 Biglari Holdings Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Biglari Holdings Inc to the Restaurants industry mean.
A Debt to Equity ratio of 43.3% means that company has $0.43 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Biglari Holdings Inc:

The MRQ is 0.433. The company is very able to pay all its debts with equity. +2
The TTM is 0.457. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.433	TTM	0.457	-0.024
TTM	0.457	YOY	0.532	-0.075
TTM	0.457	5Y	0.658	-0.201
5Y	0.658	10Y	0.814	-0.156

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
MRQ	0.433	1.856	-1.423
TTM	0.457	1.905	-1.448
YOY	0.532	1.766	-1.234
5Y	0.658	1.891	-1.233
10Y	0.814	1.712	-0.898

Measures if Biglari Holdings Inc 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 Biglari Holdings Inc 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 Biglari Holdings Inc is 0.43. This means that Biglari Holdings Inc can pay off $0.43 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Restaurants industry is 1.86.
What is the trend?
The trend is important because it shows you how Biglari Holdings Inc is performing over time. The most recent quarter might be important if Biglari Holdings Inc 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 Biglari Holdings Inc 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 Biglari Holdings Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
259,756 \ 599,330 = 0.43 or 43.3%

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 Biglari Holdings Inc

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 Biglari Holdings Inc generates.

Above 15 is considered overpriced but always compare Biglari Holdings Inc to the Restaurants industry mean.
A PE ratio of 1.91 means the investor is paying $1.91 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Biglari Holdings Inc:

The EOD is 2.333. Based on the earnings, the company is cheap. +2
The MRQ is 1.911. Based on the earnings, the company is cheap. +2
The TTM is 20.162. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	2.333	MRQ	1.911	+0.422
MRQ	1.911	TTM	20.162	-18.251
TTM	20.162	YOY	-59.723	+79.885
TTM	20.162	5Y	-174.107	+194.269
5Y	-174.107	10Y	117.170	-291.277

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
EOD	2.333	10.487	-8.154
MRQ	1.911	11.305	-9.394
TTM	20.162	12.126	+8.036
YOY	-59.723	11.025	-70.748
5Y	-174.107	11.854	-185.961
10Y	117.170	18.507	+98.663

Measures how much money you pay for each share for every $1 in earnings Biglari Holdings Inc 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 Biglari Holdings Inc to the Restaurants 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 Biglari Holdings Inc is 1.91. This means the investor is paying $1.91 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Restaurants industry is 11.31.
What is the trend?
The trend is important because it shows you how Biglari Holdings Inc is performing over time. The most recent quarter might be important if Biglari Holdings Inc 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 Biglari Holdings Inc 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 Biglari Holdings Inc

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 \ 1,445 = EPS
PE ratio MRQ = 1.91

* 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 Biglari Holdings Inc:

The EOD is 5.840. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 4.784. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 12.008. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	5.840	MRQ	4.784	+1.057
MRQ	4.784	TTM	12.008	-7.224
TTM	12.008	YOY	5.724	+6.284
TTM	12.008	5Y	-2.269	+14.277
5Y	-2.269	10Y	-4.733	+2.464

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
EOD	5.840	6.258	-0.418
MRQ	4.784	6.946	-2.162
TTM	12.008	7.696	+4.312
YOY	5.724	4.061	+1.663
5Y	-2.269	4.589	-6.858
10Y	-4.733	4.124	-8.857

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Restaurants industry mean).
A PB ratio of 0.57 means the investor is paying $0.57 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Biglari Holdings Inc:

The EOD is 0.695. Based on the equity, the company is cheap. +2
The MRQ is 0.569. Based on the equity, the company is cheap. +2
The TTM is 0.833. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.695	MRQ	0.569	+0.126
MRQ	0.569	TTM	0.833	-0.263
TTM	0.833	YOY	0.556	+0.277
TTM	0.833	5Y	0.524	+0.309
5Y	0.524	10Y	0.950	-0.425

Compared to industry (Restaurants)

Period	Company	Industry (mean)	+/-
EOD	0.695	1.768	-1.073
MRQ	0.569	2.177	-1.608
TTM	0.833	2.176	-1.343
YOY	0.556	2.511	-1.955
5Y	0.524	2.282	-1.758
10Y	0.950	3.111	-2.161

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Biglari Holdings Inc.

3.1. Institutions holding Biglari Holdings Inc

Institutions are holding 82.67% of the shares of Biglari Holdings Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Biglari Capital Corp.	43.1094	32.5078	1337666	9813	0.739
2023-12-31	Dimensional Fund Advisors, Inc.	2.8213	0.0042	87545	3365	3.9974
2023-12-31	BlackRock Inc	1.764	0.0002	54737	3934	7.7436
2023-12-31	Vanguard Group Inc	0.9166	0.0001	28443	285	1.0121
2023-12-31	Nuveen Asset Management, LLC	0.5239	0.0009	16257	789	5.1009
2023-12-31	Geode Capital Management, LLC	0.4878	0.0003	15136	678	4.6894
2023-12-31	Acuitas Investments, LLC	0.4658	1.2449	14455	144	1.0062
2023-12-31	Bridgeway Capital Management, LLC	0.4464	0.049	13851	576	4.339
2023-12-31	State Street Corporation	0.4036	0.0001	12525	78	0.6267
2023-12-31	Connor Clark & Lunn Inv Mgmt Ltd	0.3425	0.0082	10627	-252	-2.3164
2023-12-31	Northern Trust Corp	0.2756	0.0003	8552	473	5.8547
2023-12-31	Prudential Financial Inc	0.2634	0.002	8174	-2020	-19.8156
2023-12-31	Arrowstreet Capital Limited Partnership	0.2466	0.0013	7652	0	0
2023-12-31	Empowered Funds, LLC	0.2466	0.0317	7651	576	8.1413
2023-12-31	Los Angeles Capital Management LLC	0.1794	0.0034	5566	0	0
2023-12-31	Morgan Stanley - Brokerage Accounts	0.1455	0.0001	4514	1762	64.0262
2023-12-31	Bank of New York Mellon Corp	0.1283	0.0001	3980	1481	59.2637
2023-12-31	Martingale Asset Management L P	0.1058	0.0111	3284	-30	-0.9053
2023-12-31	O'Shaughnessy Asset Management LLC	0.1031	0.007	3198	-878	-21.5407
2023-12-31	Marquette Asset Management Inc.	0.0989	0.0933	3070	70	2.3333
Total		53.0745	33.966	1646883	+20844	+1.3%

3.2. Funds holding Biglari Holdings Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	0.5903	0.0002	18317	0	0
2024-03-28	iShares Russell 2000 ETF	0.568	0.0051	17624	9	0.0511
2024-02-29	DFA US Targeted Value I	0.501	0.0209	15545	0	0
2024-01-31	TIAA-CREF Quant Small-Cap Equity Instl	0.3722	0.0596	11550	0	0
2024-02-29	DFA US Small Cap I	0.3674	0.0127	11401	0	0
2024-02-29	DFA US Micro Cap I	0.3086	0.0231	9577	0	0
2024-02-29	DFA US Small Cap Value I	0.3034	0.0106	9414	0	0
2024-03-31	VT Holland Advisors Equity I GBP Acc	0.3033	6.8691	9412	0	0
2024-03-28	EA Bridgeway Omni Small-Cap Value ETF	0.2635	0.126	8176	0	0
2024-03-29	Dimensional US Targeted Value ETF	0.2533	0.0148	7859	0	0
2024-01-31	Fidelity Small Cap Index	0.2263	0.0044	7021	135	1.9605
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	0.2128	0.0011	6603	110	1.6941
2024-03-28	iShares Russell 2000 Value ETF	0.2113	0.0099	6557	-4	-0.061
2023-12-31	Bridgeway Omni Small-Cap Value N	0.1998	0.0798	6200	0	0
2023-12-31	Bridgeway Omni Small-Cap Value	0.1998	0.0796	6200	0	0
2023-12-31	PGIM Quant Small Cap value Equity	0.185	0.2242	5740	-280	-4.6512
2024-02-29	PGIM Quant Solutions Small-Cap Val Z	0.1766	0.2399	5480	-260	-4.5296
2024-02-29	DFA US Core Equity 2 I	0.1665	0.0027	5167	0	0
2024-03-29	Dimensional US Small Cap ETF	0.1309	0.0097	4061	0	0
2024-02-29	DFA US Core Equity 1 I	0.1254	0.002	3890	0	0
Total		5.6654	7.7954	175794	-290	-0.2%

3.3. Insider Transactions

Insiders are holding 0.449% of the shares of Biglari Holdings Inc.

Date	Owner	Type	Amount	Price
2024-03-15	Sardar Biglari	BUY	4030	223.22
2024-03-13	Sardar Biglari	BUY	1009	247.61
2024-03-11	Sardar Biglari	BUY	2057	242.97
2024-03-08	Sardar Biglari	BUY	1106	252.73
2024-03-06	Sardar Biglari	BUY	674	232.44
2024-03-04	Sardar Biglari	BUY	1698	180.61
2023-12-15	Sardar Biglari	BUY	521	286.23
2023-12-13	Sardar Biglari	BUY	1429	240.41
2023-12-11	Sardar Biglari	BUY	4561	218.27

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Biglari Holdings Inc 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	-	-	110.086	27.670	+298%	-26.264	+124%	0.698	+15673%	1.569	+6916%
Book Value Per Share	-	-	289.722	217.046	+33%	242.770	+19%	259.832	+12%	265.198	+9%
Current Ratio	-	-	1.364	1.243	+10%	1.149	+19%	0.943	+45%	1.032	+32%
Debt To Asset Ratio	-	-	0.302	0.313	-3%	0.345	-12%	0.388	-22%	0.439	-31%
Debt To Equity Ratio	-	-	0.433	0.457	-5%	0.532	-18%	0.658	-34%	0.814	-47%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Eps	-	-	21.579	6.225	+247%	-4.300	+120%	1.421	+1418%	1.753	+1131%
Free Cash Flow Per Share	-	-	8.620	4.714	+83%	10.976	-21%	11.285	-24%	6.904	+25%
Free Cash Flow To Equity Per Share	-	-	-1.297	2.588	-150%	12.309	-111%	6.455	-120%	6.019	-122%
Gross Profit Margin	-	-	1.000	1.000	0%	0.445	+125%	0.665	+50%	0.852	+17%
Intrinsic Value_10Y_max	-	-	789.742	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	341.160	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	52.051	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	28.916	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	177.036	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	91.960	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	326.910	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	160.089	-	-	-	-	-	-	-	-
Market Cap	416541350.400	+18%	341180795.200	498256293.800	-32%	305699835.600	+12%	305165748.760	+12%	531125893.780	-36%
Net Profit Margin	-	-	0.492	0.153	+222%	-0.088	+118%	0.044	+1022%	0.053	+835%
Operating Margin	-	-	0.075	0.064	+18%	-0.084	+211%	0.060	+26%	0.074	+2%
Operating Ratio	-	-	0.925	0.861	+7%	0.876	+6%	0.913	+1%	0.949	-3%
Pb Ratio	0.695	+18%	0.569	0.833	-32%	0.556	+2%	0.524	+9%	0.950	-40%
Pe Ratio	2.333	+18%	1.911	20.162	-91%	-59.723	+3226%	-174.107	+9212%	117.170	-98%
Price Per Share	201.360	+18%	164.930	174.318	-5%	130.428	+26%	130.741	+26%	248.362	-34%
Price To Free Cash Flow Ratio	5.840	+18%	4.784	12.008	-60%	5.724	-16%	-2.269	+147%	-4.733	+199%
Price To Total Gains Ratio	1.829	+18%	1.498	-31.382	+2195%	-187.116	+12589%	-56.295	+3858%	-28.740	+2018%
Quick Ratio	-	-	2.107	1.835	+15%	1.582	+33%	1.364	+54%	1.241	+70%
Return On Assets	-	-	0.052	0.014	+263%	-0.012	+122%	0.002	+2462%	0.006	+728%
Return On Equity	-	-	0.074	0.021	+262%	-0.017	+123%	0.002	+3752%	0.011	+592%
Total Gains Per Share	-	-	110.086	27.670	+298%	-26.264	+124%	0.698	+15673%	1.569	+6916%
Usd Book Value	-	-	599330001.000	598571500.250	+0%	548502250.000	+9%	576675450.050	+4%	568187325.025	+5%
Usd Book Value Change Per Share	-	-	110.086	27.670	+298%	-26.264	+124%	0.698	+15673%	1.569	+6916%
Usd Book Value Per Share	-	-	289.722	217.046	+33%	242.770	+19%	259.832	+12%	265.198	+9%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Eps	-	-	21.579	6.225	+247%	-4.300	+120%	1.421	+1418%	1.753	+1131%
Usd Free Cash Flow	-	-	17831000.000	12399250.000	+44%	24519750.000	-27%	24237600.000	-26%	14727375.000	+21%
Usd Free Cash Flow Per Share	-	-	8.620	4.714	+83%	10.976	-21%	11.285	-24%	6.904	+25%
Usd Free Cash Flow To Equity Per Share	-	-	-1.297	2.588	-150%	12.309	-111%	6.455	-120%	6.019	-122%
Usd Market Cap	416541350.400	+18%	341180795.200	498256293.800	-32%	305699835.600	+12%	305165748.760	+12%	531125893.780	-36%
Usd Price Per Share	201.360	+18%	164.930	174.318	-5%	130.428	+26%	130.741	+26%	248.362	-34%
Usd Profit	-	-	44640000.000	13737000.000	+225%	-8013000.000	+118%	3288250.000	+1258%	8054975.000	+454%
Usd Revenue	-	-	90665000.000	91329500.000	-1%	92057750.000	-2%	110108800.000	-18%	160233100.000	-43%
Usd Total Gains Per Share	-	-	110.086	27.670	+298%	-26.264	+124%	0.698	+15673%	1.569	+6916%
	EOD	+4 -4	MRQ	TTM	+26 -7	YOY	+24 -10	5Y	+23 -11	10Y	+27 -7

4.2. Fundamental Score

Let's check the fundamental score of Biglari Holdings Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	2.333
Price to Book Ratio (EOD)	Between	0-1	0.695
Net Profit Margin (MRQ)	Greater than	0	0.492
Operating Margin (MRQ)	Greater than	0	0.075
Quick Ratio (MRQ)	Greater than	1	2.107
Current Ratio (MRQ)	Greater than	1	1.364
Debt to Asset Ratio (MRQ)	Less than	1	0.302
Debt to Equity Ratio (MRQ)	Less than	1	0.433
Return on Equity (MRQ)	Greater than	0.15	0.074
Return on Assets (MRQ)	Greater than	0.05	0.052
Total			9/10 (90.0%)

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4.3. Technical Score

Let's check the technical score of Biglari Holdings Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	60.366
Ma 20	Greater than	Ma 50	195.893
Ma 50	Greater than	Ma 100	186.407
Ma 100	Greater than	Ma 200	173.014
Open	Greater than	Close	197.840
Total			4/5 (80.0%)

Create your own Symbol Scanner

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Latest Balance Sheet

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

Summary

Total Assets	859,086
Total Liabilities	259,756
Total Stockholder Equity	599,330

	As reported
Total Liabilities	259,756
Total Stockholder Equity	+ 599,330
Total Assets	= 859,086

Assets

Total Assets	859,086
Total Current Assets	151,532
Long-term Assets	707,554

Total Current Assets

Total Current Assets (as reported)	151,532
Cash And Cash Equivalents	28,066
Short-term Investments	91,879
Net Receivables	22,241
Inventory	2,980
Other Current Assets	6,366
Total Current Assets (calculated)	151,532
+/-	0

Long-term Assets

Long-term Assets (as reported)	707,554
Property Plant Equipment	412,706
Goodwill	53,530
Long Term Investments	199,103
Intangible Assets	23,230
Long-term Assets Other	7,733
Long-term Assets (calculated)	696,302
+/-	11,252

Liabilities & Shareholders' Equity

Total Current Liabilities	111,100
Long-term Liabilities	148,656
Total Stockholder Equity	599,330

Total Current Liabilities

Total Current Liabilities (as reported)	111,100
Short-term Debt	14,855
Accounts payable	22,448
Other Current Liabilities	68,483
Total Current Liabilities (calculated)	105,786
+/-	5,314

Long-term Liabilities

Long-term Liabilities (as reported)	148,656
Capital Lease Obligations	101,244
Long-term Liabilities Other	348
Long-term Liabilities (calculated)	101,592
+/-	47,064

Total Stockholder Equity

Total Stockholder Equity (as reported)	599,330
Common Stock	1,138
Retained Earnings	631,458
Accumulated Other Comprehensive Income	-2,518
Other Stockholders Equity	-30,748
Total Stockholder Equity (calculated)	599,330
+/-	0

Other

Capital Stock	1,138
Cash and Short Term Investments	119,945
Common Stock Shares Outstanding	1,445
Current Deferred Revenue	5,314
Liabilities and Stockholders Equity	859,086
Net Debt	73,178
Net Invested Capital	599,330
Net Working Capital	41,451
Property Plant and Equipment Gross	832,741
Short Long Term Debt Total	101,244

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

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1990-12-31

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1988-12-31

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1987-06-30

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1986-09-30

1986-06-30

1986-03-31

1985-12-31

> Total Assets

0
0
0
47,900
0
0
0
49,300
0
0
0
46,800
0
0
0
50,000
0
0
0
55,800
60,500
0
62,900
64,100
0
0
0
67,100
0
68,400
70,400
70,600
0
73,300
77,800
80,300
82,300
88,200
93,300
99,800
108,600
118,300
125,500
131,400
143,300
150,200
157,900
167,300
170,500
177,300
182,900
190,200
191,900
196,300
210,500
210,500
214,300
225,835
235,483
240,767
243,741
247,050
247,394
245,066
246,060
251,201
261,291
395,895
397,669
400,191
409,894
414,636
415,658
422,115
437,806
433,463
445,119
468,257
479,141
474,657
491,338
510,873
524,080
542,521
553,978
562,629
567,850
565,214
562,762
560,469
528,903
520,136
518,123
513,841
513,122
514,496
523,678
568,539
551,497
563,839
549,947
562,025
605,328
672,860
690,129
711,348
742,785
773,787
773,557
845,882
905,193
988,543
1,001,311
1,065,857
1,077,105
1,174,732
1,314,791
1,323,864
1,325,165
1,066,238
1,003,918
1,066,300
1,117,081
993,848
1,096,967
1,047,942
1,083,782
1,027,689
1,063,584
1,020,583
1,008,487
974,015
1,029,493
1,128,703
1,154,669
1,153,950
1,139,309
947,628
988,818
983,601
1,017,968
959,886
933,895
919,371
894,807
885,854
773,352
862,145
828,474
907,218
889,996
827,172
859,086

859,086

827,172

889,996

907,218

828,474

862,145

773,352

885,854

894,807

919,371

933,895

959,886

1,017,968

983,601

988,818

947,628

1,139,309

1,153,950

1,154,669

1,128,703

1,029,493

974,015

1,008,487

1,020,583

1,063,584

1,027,689

1,083,782

1,047,942

1,096,967

993,848

1,117,081

1,066,300

1,003,918

1,066,238

1,325,165

1,323,864

1,314,791

1,174,732

1,077,105

1,065,857

1,001,311

988,543

905,193

845,882

773,557

773,787

742,785

711,348

690,129

672,860

605,328

562,025

549,947

563,839

551,497

568,539

523,678

514,496

513,122

513,841

518,123

520,136

528,903

560,469

562,762

565,214

567,850

562,629

553,978

542,521

524,080

510,873

491,338

474,657

479,141

468,257

445,119

433,463

437,806

422,115

415,658

414,636

409,894

400,191

397,669

395,895

261,291

251,201

246,060

245,066

247,394

247,050

243,741

240,767

235,483

225,835

214,300

210,500

196,300

191,900

190,200

182,900

177,300

170,500

167,300

157,900

150,200

143,300

131,400

125,500

118,300

108,600

99,800

93,300

88,200

82,300

80,300

77,800

73,300

70,600

70,400

68,400

67,100

64,100

62,900

60,500

55,800

50,000

46,800

49,300

47,900

> Total Current Assets

0
0
0
4,500
0
0
0
6,800
0
0
0
6,900
0
0
0
7,600
0
0
0
5,700
10,200
0
12,700
13,100
0
0
0
19,400
0
15,800
17,100
16,300
0
18,100
19,800
19,400
15,300
13,800
14,500
14,500
12,800
13,700
14,100
15,100
14,200
15,900
15,200
20,000
20,800
22,200
33,400
40,400
35,000
30,300
34,300
25,100
20,200
21,565
19,823
18,618
21,290
25,160
29,203
34,167
33,362
38,271
29,814
18,628
16,031
22,918
31,084
39,256
41,977
45,355
60,489
45,400
50,306
30,012
34,396
21,038
24,158
24,949
25,838
30,920
28,365
29,775
46,368
48,197
49,136
51,151
52,522
60,936
68,796
76,960
82,626
90,715
105,224
121,169
97,738
109,831
114,512
124,323
166,855
240,584
258,649
281,935
317,522
348,997
354,772
423,637
174,832
197,486
187,057
166,162
158,471
186,268
186,453
181,554
135,377
113,533
126,788
120,216
125,305
135,553
127,789
112,502
112,113
100,945
112,639
98,399
100,177
105,164
114,933
92,593
87,747
89,977
145,391
142,783
149,521
142,927
147,778
153,656
152,279
160,551
164,809
167,797
150,427
177,551
150,654
163,356
153,076
155,320
151,532

151,532

155,320

153,076

163,356

150,654

177,551

150,427

167,797

164,809

160,551

152,279

153,656

147,778

142,927

149,521

142,783

145,391

89,977

87,747

92,593

114,933

105,164

100,177

98,399

112,639

100,945

112,113

112,502

127,789

135,553

125,305

120,216

126,788

113,533

135,377

181,554

186,453

186,268

158,471

166,162

187,057

197,486

174,832

423,637

354,772

348,997

317,522

281,935

258,649

240,584

166,855

124,323

114,512

109,831

97,738

121,169

105,224

90,715

82,626

76,960

68,796

60,936

52,522

51,151

49,136

48,197

46,368

29,775

28,365

30,920

25,838

24,949

24,158

21,038

34,396

30,012

50,306

45,400

60,489

45,355

41,977

39,256

31,084

22,918

16,031

18,628

29,814

38,271

33,362

34,167

29,203

25,160

21,290

18,618

19,823

21,565

20,200

25,100

34,300

30,300

35,000

40,400

33,400

22,200

20,800

20,000

15,200

15,900

14,200

15,100

14,100

13,700

12,800

14,500

13,800

15,300

19,400

19,800

18,100

16,300

17,100

15,800

19,400

13,100

12,700

10,200

5,700

7,600

6,900

6,800

4,500

Cash And Cash Equivalents

0
0
0
500
0
0
0
3,100
0
0
0
3,300
0
0
0
2,800
0
0
0
600
5,100
0
7,600
8,300
0
0
0
12,600
0
7,700
8,100
8,800
0
9,300
10,000
10,300
4,900
1,800
1,700
1,400
1,500
1,100
1,900
600
700
800
1,300
2,700
2,500
2,300
1,800
13,700
9,600
5,200
8,900
4,000
2,700
1,673
4,109
2,178
2,667
7,749
7,236
8,715
16,520
28,600
17,687
5,286
1,959
4,832
17,666
24,795
23,802
28,620
40,491
25,150
28,731
9,889
14,638
3,063
3,483
4,475
3,763
4,820
5,152
2,311
3,874
1,497
2,004
1,580
1,621
6,855
25,636
35,010
37,843
51,395
62,191
75,216
35,157
47,563
79,426
69,214
17,321
98,987
115,421
37,042
46,471
60,359
32,130
19,031
22,358
94,626
78,460
112,970
112,516
124,290
129,669
112,787
68,007
50,417
56,523
56,581
66,360
75,405
75,808
68,560
64,669
53,670
58,577
45,444
48,411
48,345
48,557
31,093
27,662
19,058
67,772
33,281
36,438
33,164
24,503
28,438
28,212
27,795
42,349
45,777
40,512
64,842
37,467
39,363
30,881
33,993
28,066

28,066

33,993

30,881

39,363

37,467

64,842

40,512

45,777

42,349

27,795

28,212

28,438

24,503

33,164

36,438

33,281

67,772

19,058

27,662

31,093

48,557

48,345

48,411

45,444

58,577

53,670

64,669

68,560

75,808

75,405

66,360

56,581

56,523

50,417

68,007

112,787

129,669

124,290

112,516

112,970

78,460

94,626

22,358

19,031

32,130

60,359

46,471

37,042

115,421

98,987

17,321

69,214

79,426

47,563

35,157

75,216

62,191

51,395

37,843

35,010

25,636

6,855

1,621

1,580

2,004

1,497

3,874

2,311

5,152

4,820

3,763

4,475

3,483

3,063

14,638

9,889

28,731

25,150

40,491

28,620

23,802

24,795

17,666

4,832

1,959

5,286

17,687

28,600

16,520

8,715

7,236

7,749

2,667

2,178

4,109

1,673

2,700

4,000

8,900

5,200

9,600

13,700

1,800

2,300

2,500

2,700

1,300

800

700

600

1,900

1,100

1,500

1,400

1,700

1,800

4,900

10,300

10,000

9,300

8,800

8,100

7,700

12,600

8,300

7,600

5,100

600

2,800

3,300

3,100

500

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,492
3,497
0
520
611
611
5,436
440
949
1,109
0
621
466
466
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
21,055
0
3,001
22,179
5,806
26,549
32,523
7,435
28,943
124,559
115,321
118,704
217,743
245,691
269,858
305,634
386,080
131,207
85,479
91,270
21,509
9,471
21,523
10,800
21,377
21,586
21,079
23,750
23,340
21,261
22,702
22,297
20,702
23,231
23,221
23,289
24,157
24,348
27,790
33,860
40,718
41,476
43,766
44,856
81,252
84,785
85,082
94,861
99,427
96,094
99,006
83,061
87,150
71,771
70,032
69,466
79,652
88,259
84,365
91,879

91,879

84,365

88,259

79,652

69,466

70,032

71,771

87,150

83,061

99,006

96,094

99,427

94,861

85,082

84,785

81,252

44,856

43,766

41,476

40,718

33,860

27,790

24,348

24,157

23,289

23,221

23,231

20,702

22,297

22,702

21,261

23,340

23,750

21,079

21,586

21,377

10,800

21,523

9,471

21,509

91,270

85,479

131,207

386,080

305,634

269,858

245,691

217,743

118,704

115,321

124,559

28,943

7,435

32,523

26,549

5,806

22,179

3,001

21,055

466

621

1,109

949

440

5,436

611

520

3,497

3,492

Net Receivables

0
0
0
500
0
0
0
500
0
0
0
500
0
0
0
900
0
0
0
900
600
0
1,100
700
0
0
0
900
0
1,100
1,400
1,300
0
1,700
1,900
2,200
2,700
3,500
2,300
5,100
2,800
1,100
3,000
5,500
3,700
3,200
3,800
4,900
4,700
3,000
2,600
10,800
3,500
5,400
2,400
11,100
3,600
2,680
3,974
6,785
8,546
4,661
5,875
13,134
3,527
2,904
2,831
2,955
3,380
2,613
3,636
3,471
3,248
3,497
3,751
4,123
4,391
4,251
3,503
2,619
3,301
3,778
5,386
5,858
4,085
5,226
6,680
6,289
5,287
4,455
4,484
15,622
5,634
6,110
8,011
7,660
6,384
10,848
9,208
5,818
5,072
11,081
9,625
4,133
5,893
8,131
7,489
7,001
6,269
7,842
7,516
7,055
6,964
9,038
11,149
15,962
19,003
17,480
14,611
13,318
17,716
9,997
9,250
8,363
14,195
8,670
9,289
11,216
16,284
12,187
11,253
13,486
15,743
8,864
8,833
16,460
21,640
17,440
18,066
16,151
19,185
16,438
17,706
23,885
28,508
22,427
26,942
25,826
29,375
27,044
22,582
25,783
22,241

22,241

25,783

22,582

27,044

29,375

25,826

26,942

22,427

28,508

23,885

17,706

16,438

19,185

16,151

18,066

17,440

21,640

16,460

8,833

8,864

15,743

13,486

11,253

12,187

16,284

11,216

9,289

8,670

14,195

8,363

9,250

9,997

17,716

13,318

14,611

17,480

19,003

15,962

11,149

9,038

6,964

7,055

7,516

7,842

6,269

7,001

7,489

8,131

5,893

4,133

9,625

11,081

5,072

5,818

9,208

10,848

6,384

7,660

8,011

6,110

5,634

15,622

4,484

4,455

5,287

6,289

6,680

5,226

4,085

5,858

5,386

3,778

3,301

2,619

3,503

4,251

4,391

4,123

3,751

3,497

3,248

3,471

3,636

2,613

3,380

2,955

2,831

2,904

3,527

13,134

5,875

4,661

8,546

6,785

3,974

2,680

3,600

11,100

2,400

5,400

3,500

10,800

2,600

3,000

4,700

4,900

3,800

3,200

3,700

5,500

3,000

1,100

2,800

5,100

2,300

3,500

2,700

2,200

1,900

1,700

1,300

1,400

1,100

900

700

1,100

600

900

500

Other Current Assets

0
0
0
1,600
0
0
0
1,400
0
0
0
1,200
0
0
0
1,900
0
0
0
1,800
2,000
0
1,400
1,800
0
0
0
3,500
0
4,100
4,800
3,400
0
4,100
4,400
3,900
4,800
5,100
7,100
4,400
4,900
7,900
5,000
5,100
5,900
7,600
5,600
7,800
9,400
12,600
24,700
11,500
17,400
15,200
18,300
5,200
8,900
11,965
6,486
4,170
4,572
7,110
10,348
3,327
4,667
1,205
1,585
1,805
2,171
1,825
946
1,814
6,167
5,114
7,489
6,702
7,660
6,645
7,020
6,389
7,997
7,182
7,147
6,021
9,019
11,378
24,909
20,480
31,119
34,145
35,692
28,404
27,185
4,581
5,488
4,421
3,225
4,561
4,494
4,453
3,253
3,588
4,041
3,237
3,285
6,393
6,111
2,798
2,996
3,929
6,612
3,290
3,284
7,267
10,035
17,601
7,707
10,859
10,615
9,087
21,206
8,354
7,501
8,646
8,716
7,474
7,635
5,978
7,221
9,299
9,166
8,985
9,236
5,374
4,610
6,042
6,449
6,809
7,213
5,622
6,492
6,763
6,744
6,763
7,088
8,067
7,744
13,147
10,495
13,542
7,757
7,722
6,366

6,366

7,722

7,757

13,542

10,495

13,147

7,744

8,067

7,088

6,763

6,744

6,763

6,492

5,622

7,213

6,809

6,449

6,042

4,610

5,374

9,236

8,985

9,166

9,299

7,221

5,978

7,635

7,474

8,716

8,646

7,501

8,354

21,206

9,087

10,615

10,859

7,707

17,601

10,035

7,267

3,284

3,290

6,612

3,929

2,996

2,798

6,111

6,393

3,285

3,237

4,041

3,588

3,253

4,453

4,494

4,561

3,225

4,421

5,488

4,581

27,185

28,404

35,692

34,145

31,119

20,480

24,909

11,378

9,019

6,021

7,147

7,182

7,997

6,389

7,020

6,645

7,660

6,702

7,489

5,114

6,167

1,814

946

1,825

2,171

1,805

1,585

1,205

4,667

3,327

10,348

7,110

4,572

4,170

6,486

11,965

8,900

5,200

18,300

15,200

17,400

11,500

24,700

12,600

9,400

7,800

5,600

7,600

5,900

5,100

5,000

7,900

4,900

4,400

7,100

5,100

4,800

3,900

4,400

4,100

3,400

4,800

4,100

3,500

1,800

1,400

2,000

1,800

1,900

1,200

1,400

1,600

> Long-term Assets

0
0
0
43,400
0
0
0
42,500
0
0
0
39,900
0
0
0
42,400
0
0
0
50,100
50,300
0
50,200
51,000
0
0
0
47,700
0
52,600
53,300
54,300
0
55,200
58,000
60,900
67,000
74,400
78,800
85,300
95,800
104,600
111,400
116,300
129,100
134,300
142,700
147,300
149,700
155,100
149,500
149,800
156,900
166,000
176,200
185,400
194,100
204,270
215,661
222,149
222,451
221,890
218,192
210,899
212,698
212,931
231,477
377,267
381,638
377,274
378,810
375,380
373,680
376,760
377,317
388,063
394,813
438,245
444,745
453,619
467,180
485,924
498,242
511,601
525,613
532,854
521,482
517,017
513,626
509,318
476,381
459,200
449,327
436,881
430,496
423,781
418,454
447,370
453,759
454,008
435,435
437,702
438,473
432,276
431,480
429,413
425,263
424,790
418,785
422,245
730,361
791,057
814,254
899,695
918,634
988,464
1,128,338
1,142,310
1,189,788
952,705
877,130
946,084
991,776
858,295
969,178
935,440
971,669
926,744
950,945
922,184
908,310
868,851
914,560
1,036,110
1,066,922
1,063,973
993,918
804,845
839,297
840,674
870,190
806,230
781,616
758,820
729,998
718,057
622,925
684,594
677,820
743,862
736,920
671,852
707,554

707,554

671,852

736,920

743,862

677,820

684,594

622,925

718,057

729,998

758,820

781,616

806,230

870,190

840,674

839,297

804,845

993,918

1,063,973

1,066,922

1,036,110

914,560

868,851

908,310

922,184

950,945

926,744

971,669

935,440

969,178

858,295

991,776

946,084

877,130

952,705

1,189,788

1,142,310

1,128,338

988,464

918,634

899,695

814,254

791,057

730,361

422,245

418,785

424,790

425,263

429,413

431,480

432,276

438,473

437,702

435,435

454,008

453,759

447,370

418,454

423,781

430,496

436,881

449,327

459,200

476,381

509,318

513,626

517,017

521,482

532,854

525,613

511,601

498,242

485,924

467,180

453,619

444,745

438,245

394,813

388,063

377,317

376,760

373,680

375,380

378,810

377,274

381,638

377,267

231,477

212,931

212,698

210,899

218,192

221,890

222,451

222,149

215,661

204,270

194,100

185,400

176,200

166,000

156,900

149,800

149,500

155,100

149,700

147,300

142,700

134,300

129,100

116,300

111,400

104,600

95,800

85,300

78,800

74,400

67,000

60,900

58,000

55,200

54,300

53,300

52,600

47,700

51,000

50,200

50,300

50,100

42,400

39,900

42,500

43,400

Property Plant Equipment

0
0
0
42,000
0
0
0
40,300
0
0
0
34,900
0
0
0
41,800
0
0
0
39,000
38,700
0
37,100
38,500
0
0
0
35,100
0
40,700
41,900
43,500
0
52,900
55,900
51,700
58,100
66,100
70,900
78,100
88,700
97,900
105,000
110,700
123,800
129,400
138,000
142,800
145,500
151,200
145,900
146,300
153,600
162,200
172,500
181,900
190,800
201,235
212,867
219,698
220,115
219,700
214,273
207,018
208,636
209,109
216,373
359,722
363,769
364,146
363,925
360,879
363,190
362,898
368,717
382,868
389,574
426,174
431,069
439,620
452,358
470,584
482,704
490,142
500,848
508,312
497,058
492,610
489,537
485,527
450,446
432,690
423,671
413,045
406,197
399,635
394,037
392,609
387,721
386,181
381,848
378,134
375,628
371,736
367,386
362,079
358,052
356,638
352,588
351,648
349,156
346,147
347,566
345,554
352,917
354,147
353,875
350,367
345,537
339,985
332,324
328,093
324,212
319,492
312,264
309,577
305,807
300,493
295,800
291,625
287,791
281,605
274,716
362,714
363,066
421,428
410,346
394,834
382,161
367,311
358,954
358,447
381,009
397,420
391,889
388,149
384,310
453,036
435,464
426,436
422,455
417,313
412,706

412,706

417,313

422,455

426,436

435,464

453,036

384,310

388,149

391,889

397,420

381,009

358,447

358,954

367,311

382,161

394,834

410,346

421,428

363,066

362,714

274,716

281,605

287,791

291,625

295,800

300,493

305,807

309,577

312,264

319,492

324,212

328,093

332,324

339,985

345,537

350,367

353,875

354,147

352,917

345,554

347,566

346,147

349,156

351,648

352,588

356,638

358,052

362,079

367,386

371,736

375,628

378,134

381,848

386,181

387,721

392,609

394,037

399,635

406,197

413,045

423,671

432,690

450,446

485,527

489,537

492,610

497,058

508,312

500,848

490,142

482,704

470,584

452,358

439,620

431,069

426,174

389,574

382,868

368,717

362,898

363,190

360,879

363,925

364,146

363,769

359,722

216,373

209,109

208,636

207,018

214,273

219,700

220,115

219,698

212,867

201,235

190,800

181,900

172,500

162,200

153,600

146,300

145,900

151,200

145,500

142,800

138,000

129,400

123,800

110,700

105,000

97,900

88,700

78,100

70,900

66,100

58,100

51,700

55,900

52,900

43,500

41,900

40,700

35,100

38,500

37,100

38,700

39,000

41,800

34,900

40,300

42,000

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
6,748
7,147
7,458
7,803
7,803
7,803
14,485
14,516
14,516
14,503
14,503
14,503
14,503
14,503
14,503
14,503
14,503
14,503
14,503
14,503
33,220
28,486
28,759
28,759
27,529
27,529
27,529
27,529
27,529
27,529
27,529
27,529
27,529
27,529
28,251
28,251
40,137
40,137
40,164
40,164
40,164
40,164
40,164
40,022
40,049
40,033
40,041
40,003
40,012
40,051
40,072
40,081
40,099
40,065
40,061
40,052
40,040
40,048
40,024
40,040
51,894
51,906
51,932
53,596
53,567
53,575
53,560
53,547
53,535
53,499
53,464
53,513
53,522
53,522
53,506
53,530

53,530

53,506

53,522

53,513

53,464

53,499

53,535

53,547

53,560

53,575

53,567

53,596

51,932

51,906

51,894

40,040

40,024

40,048

40,040

40,052

40,061

40,065

40,099

40,081

40,072

40,051

40,012

40,003

40,041

40,033

40,049

40,022

40,164

40,137

28,251

27,529

28,759

28,486

33,220

14,503

14,516

14,485

7,803

7,458

7,147

6,748

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
697,982
0
0
0
471,689
0
591,884
462,894
577,637
546,170
588,393
539,784
568,466
545,939
534,794
496,655
557,480
591,520
622,066
561,479
505,542
318,689
369,129
383,670
419,550
356,795
311,878
273,089
250,399
242,368
151,753
144,864
155,794
230,843
228,736
169,417
199,103

199,103

169,417

228,736

230,843

155,794

144,864

151,753

242,368

250,399

273,089

311,878

356,795

419,550

383,670

369,129

318,689

505,542

561,479

622,066

591,520

557,480

496,655

534,794

545,939

568,466

539,784

588,393

546,170

577,637

462,894

591,884

471,689

697,982

Intangible 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
1,480
1,434
1,406
1,370
1,342
1,315
1,287
1,250
1,223
1,195
1,167
8,571
8,928
9,537
9,839
1,978
1,937
2,152
2,109
2,048
2,003
1,959
1,914
1,854
1,809
9,446
1,720
1,660
1,616
1,567
1,523
1,463
8,293
7,959
7,767
7,567
7,125
6,950
6,774
6,587
6,417
6,248
6,079
8,104
7,926
7,721
7,551
23,301
22,700
22,907
22,756
22,614
22,469
21,894
21,673
21,690
21,464
21,363
26,051
26,028
26,432
26,579
26,564
26,675
28,459
28,243
28,114
27,766
27,772
27,203
27,349
26,886
23,401
23,724
24,065
23,706
23,801
23,619
23,463
23,319
22,880
22,469
23,037
23,150
23,134
22,938
23,230

23,230

22,938

23,134

23,150

23,037

22,469

22,880

23,319

23,463

23,619

23,801

23,706

24,065

23,724

23,401

26,886

27,349

27,203

27,772

27,766

28,114

28,243

28,459

26,675

26,564

26,579

26,432

26,028

26,051

21,363

21,464

21,690

21,673

21,894

22,469

22,614

22,756

22,907

22,700

23,301

7,551

7,721

7,926

8,104

6,079

6,248

6,417

6,587

6,774

6,950

7,125

7,567

7,767

7,959

8,293

1,463

1,523

1,567

1,616

1,660

1,720

9,446

1,809

1,854

1,914

1,959

2,003

2,048

2,109

2,152

1,937

1,978

9,839

9,537

8,928

8,571

1,167

1,195

1,223

1,250

1,287

1,315

1,342

1,370

1,406

1,434

1,480

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,317
1,243
997
996
969
2,766
2,789
3,022
2,850
14,180
13,466
13,878
9,241
11,083
10,780
10,490
10,089
4,910
5,195
5,239
12,071
13,676
13,999
14,822
15,340
15,538
21,459
24,765
24,542
24,424
24,407
24,089
23,791
25,935
26,510
25,656
23,836
24,299
24,146
24,417
54,761
66,038
67,827
53,587
59,568
62,845
60,540
64,094
67,334
67,211
68,152
66,197
70,597
381,205
444,910
466,688
554,141
565,717
634,317
774,463
791,943
844,251
612,720
544,806
617,991
667,564
538,803
656,914
625,863
665,862
626,251
655,145
17,846
17,201
18,187
14,198
14,070
13,970
13,839
10,641
12,542
12,700
14,037
476,407
13,715
11,353
11,132
10,700
10,686
10,483
10,761
10,012
9,911
9,073
8,678
0

8,678

9,073

9,911

10,012

10,761

10,483

10,686

10,700

11,132

11,353

13,715

476,407

14,037

12,700

12,542

10,641

13,839

13,970

14,070

14,198

18,187

17,201

17,846

655,145

626,251

665,862

625,863

656,914

538,803

667,564

617,991

544,806

612,720

844,251

791,943

774,463

634,317

565,717

554,141

466,688

444,910

381,205

70,597

66,197

68,152

67,211

67,334

64,094

60,540

62,845

59,568

53,587

67,827

66,038

54,761

24,417

24,146

24,299

23,836

25,656

26,510

25,935

23,791

24,089

24,407

24,424

24,542

24,765

21,459

15,538

15,340

14,822

13,999

13,676

12,071

5,239

5,195

4,910

10,089

10,490

10,780

11,083

9,241

13,878

13,466

14,180

2,850

3,022

2,789

2,766

969

996

997

1,243

1,317

> Total Liabilities

0
0
0
37,100
0
0
0
36,400
0
0
0
33,000
0
0
0
32,000
0
0
0
33,300
67,800
0
68,800
68,500
0
0
0
65,300
0
61,100
61,400
59,500
0
58,100
60,300
60,600
59,300
52,300
54,400
57,200
62,800
68,900
72,200
73,600
82,100
84,100
87,100
74,300
73,400
74,000
74,000
74,900
71,500
70,400
78,000
75,000
74,500
81,433
85,345
88,658
91,546
88,255
82,309
79,270
77,187
80,209
85,949
228,840
227,649
222,446
224,894
226,021
221,764
218,480
226,385
213,748
219,626
232,718
235,296
221,682
232,832
241,086
246,085
255,486
261,767
261,469
265,461
261,350
259,689
258,611
235,929
236,557
236,928
229,558
224,375
222,449
226,148
254,253
249,669
252,599
244,327
250,688
279,813
347,930
342,041
346,832
356,948
372,574
375,130
446,639
423,144
423,954
416,350
522,039
523,638
536,015
589,240
592,805
598,591
578,497
552,546
574,619
592,567
532,969
565,027
532,968
548,041
516,371
492,256
468,876
465,757
445,597
459,038
547,349
552,307
552,430
523,011
468,438
466,268
445,383
453,140
320,746
320,403
320,805
307,111
298,557
267,616
316,737
272,906
286,020
273,642
269,768
259,756

259,756

269,768

273,642

286,020

272,906

316,737

267,616

298,557

307,111

320,805

320,403

320,746

453,140

445,383

466,268

468,438

523,011

552,430

552,307

547,349

459,038

445,597

465,757

468,876

492,256

516,371

548,041

532,968

565,027

532,969

592,567

574,619

552,546

578,497

598,591

592,805

589,240

536,015

523,638

522,039

416,350

423,954

423,144

446,639

375,130

372,574

356,948

346,832

342,041

347,930

279,813

250,688

244,327

252,599

249,669

254,253

226,148

222,449

224,375

229,558

236,928

236,557

235,929

258,611

259,689

261,350

265,461

261,469

261,767

255,486

246,085

241,086

232,832

221,682

235,296

232,718

219,626

213,748

226,385

218,480

221,764

226,021

224,894

222,446

227,649

228,840

85,949

80,209

77,187

79,270

82,309

88,255

91,546

88,658

85,345

81,433

74,500

75,000

78,000

70,400

71,500

74,900

74,000

73,400

74,300

87,100

84,100

82,100

73,600

72,200

68,900

62,800

57,200

54,400

52,300

59,300

60,600

60,300

58,100

59,500

61,400

61,100

65,300

68,500

68,800

67,800

33,300

32,000

33,000

36,400

37,100

> Total Current Liabilities

0
0
0
11,300
0
0
0
13,000
0
0
0
11,000
0
0
0
13,700
0
0
0
17,200
16,400
0
17,100
17,200
0
0
0
19,500
0
18,800
19,800
18,500
0
21,400
23,900
24,500
26,900
27,600
28,200
29,000
32,800
31,400
35,900
37,300
36,900
37,500
35,800
38,500
36,600
35,600
40,000
39,800
36,500
35,500
42,900
41,500
41,000
37,966
41,345
41,098
38,896
38,362
41,466
39,006
38,340
40,664
46,530
50,291
52,966
49,650
53,457
61,796
58,213
56,577
65,752
58,940
65,751
67,246
68,850
60,048
67,766
77,605
81,203
83,083
90,321
91,781
97,629
94,574
92,077
92,680
75,556
76,317
87,103
81,366
75,637
75,533
80,262
81,628
85,349
90,763
81,585
89,040
120,143
114,869
106,403
118,430
133,979
124,294
128,448
153,830
121,899
113,014
112,698
110,755
111,684
113,034
114,787
112,636
126,534
111,985
117,555
118,048
125,041
116,155
120,011
114,858
118,990
118,510
135,492
113,232
117,174
113,481
122,985
140,553
149,284
157,589
139,817
310,210
301,593
288,190
288,447
135,154
141,926
142,832
143,641
143,136
138,284
145,702
134,897
130,812
121,446
141,605
111,100

111,100

141,605

121,446

130,812

134,897

145,702

138,284

143,136

143,641

142,832

141,926

135,154

288,447

288,190

301,593

310,210

139,817

157,589

149,284

140,553

122,985

113,481

117,174

113,232

135,492

118,510

118,990

114,858

120,011

116,155

125,041

118,048

117,555

111,985

126,534

112,636

114,787

113,034

111,684

110,755

112,698

113,014

121,899

153,830

128,448

124,294

133,979

118,430

106,403

114,869

120,143

89,040

81,585

90,763

85,349

81,628

80,262

75,533

75,637

81,366

87,103

76,317

75,556

92,680

92,077

94,574

97,629

91,781

90,321

83,083

81,203

77,605

67,766

60,048

68,850

67,246

65,751

58,940

65,752

56,577

58,213

61,796

53,457

49,650

52,966

50,291

46,530

40,664

38,340

39,006

41,466

38,362

38,896

41,098

41,345

37,966

41,000

41,500

42,900

35,500

36,500

39,800

40,000

35,600

36,600

38,500

35,800

37,500

36,900

37,300

35,900

31,400

32,800

29,000

28,200

27,600

26,900

24,500

23,900

21,400

18,500

19,800

18,800

19,500

17,200

17,100

16,400

17,200

13,700

11,000

13,000

11,300

Short-term Debt

0
0
0
3,100
0
0
0
1,500
0
0
0
1,600
0
0
0
1,600
0
0
0
1,600
3,000
0
2,600
2,200
0
0
0
3,100
0
3,900
3,900
3,900
0
4,700
4,600
4,600
5,400
5,400
5,400
5,400
6,200
6,200
6,300
6,300
7,100
7,100
2,100
2,100
2,100
2,100
2,100
2,600
2,600
2,600
2,600
4,000
3,900
3,770
3,688
4,866
4,803
4,698
4,597
4,524
4,414
4,429
4,410
7,209
13,127
8,631
8,685
11,616
9,494
9,570
9,590
10,505
10,545
11,110
11,061
7,836
7,861
17,012
22,521
16,798
19,935
30,535
30,303
33,755
34,093
34,812
14,490
19,330
29,908
27,184
18,124
22,859
4,288
4,538
22,597
22,707
4,755
21,865
29,931
31,413
31,538
31,740
31,794
17,851
30,545
22,006
15,947
15,989
16,096
8,668
9,666
9,387
9,315
9,278
9,098
8,887
8,477
7,550
7,303
7,160
7,129
7,067
7,049
6,986
6,748
6,524
6,296
6,058
5,720
19,323
18,842
18,767
18,738
176,370
172,133
170,302
169,626
14,850
16,776
17,230
16,898
17,057
17,019
17,093
26,981
22,609
19,070
34,206
14,855

14,855

34,206

19,070

22,609

26,981

17,093

17,019

17,057

16,898

17,230

16,776

14,850

169,626

170,302

172,133

176,370

18,738

18,767

18,842

19,323

5,720

6,058

6,296

6,524

6,748

6,986

7,049

7,067

7,129

7,160

7,303

7,550

8,477

8,887

9,098

9,278

9,315

9,387

9,666

8,668

16,096

15,989

15,947

22,006

30,545

17,851

31,794

31,740

31,538

31,413

29,931

21,865

4,755

22,707

22,597

4,538

4,288

22,859

18,124

27,184

29,908

19,330

14,490

34,812

34,093

33,755

30,303

30,535

19,935

16,798

22,521

17,012

7,861

7,836

11,061

11,110

10,545

10,505

9,590

9,570

9,494

11,616

8,685

8,631

13,127

7,209

4,410

4,429

4,414

4,524

4,597

4,698

4,803

4,866

3,688

3,770

3,900

4,000

2,600

2,100

7,100

6,300

6,200

5,400

4,600

4,700

3,900

3,100

2,200

2,600

3,000

1,600

1,500

3,100

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,913
0
0
0
1,216
0
7,303
7,160
1,181
7,067
269,402
1,228
1,294
1,285
1,276
1,266
1,257
4,995
5,290
5,365
5,470
163,083
158,468
153,050
152,261
0
0
0
0
0
0
0
10,000
6,500
3,600
19,000
0

19,000

3,600

6,500

10,000

152,261

153,050

158,468

163,083

5,470

5,365

5,290

4,995

1,257

1,266

1,276

1,285

1,294

1,228

269,402

7,067

1,181

7,160

7,303

1,216

1,913

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,200
0
4,700
5,200
0
0
0
5,400
0
5,900
5,800
5,500
0
6,600
7,800
7,200
10,100
9,900
8,400
9,200
12,400
10,300
12,400
13,500
13,100
13,000
13,400
14,300
14,500
12,300
14,200
15,100
14,200
12,600
18,200
18,400
19,200
14,278
13,653
16,031
15,421
12,757
13,556
13,989
14,828
13,184
12,904
14,695
16,511
15,572
14,819
17,461
20,297
16,493
22,786
18,563
23,596
22,381
21,993
21,304
32,499
24,464
24,414
28,262
38,443
28,914
32,682
28,195
28,313
26,920
29,538
25,302
26,923
22,667
25,495
22,293
26,822
25,962
26,288
26,752
30,184
29,405
30,428
29,236
33,632
33,921
36,540
33,210
40,005
37,787
42,148
37,511
45,078
45,227
47,017
39,207
39,996
37,711
44,855
34,738
34,649
35,645
38,359
32,137
33,961
36,622
36,608
37,872
40,616
36,342
35,671
35,597
41,967
38,791
31,416
25,108
32,626
36,289
30,028
26,546
26,537
31,347
40,665
42,307
36,684
34,946
29,400
34,288
28,431
30,932
26,103
22,238
22,448

22,448

22,238

26,103

30,932

28,431

34,288

29,400

34,946

36,684

42,307

40,665

31,347

26,537

26,546

30,028

36,289

32,626

25,108

31,416

38,791

41,967

35,597

35,671

36,342

40,616

37,872

36,608

36,622

33,961

32,137

38,359

35,645

34,649

34,738

44,855

37,711

39,996

39,207

47,017

45,227

45,078

37,511

42,148

37,787

40,005

33,210

36,540

33,921

33,632

29,236

30,428

29,405

30,184

26,752

26,288

25,962

26,822

22,293

25,495

22,667

26,923

25,302

29,538

26,920

28,313

28,195

32,682

28,914

38,443

28,262

24,414

24,464

32,499

21,304

21,993

22,381

23,596

18,563

22,786

16,493

20,297

17,461

14,819

15,572

16,511

14,695

12,904

13,184

14,828

13,989

13,556

12,757

15,421

16,031

13,653

14,278

19,200

18,400

18,200

12,600

14,200

15,100

14,200

12,300

14,500

14,300

13,400

13,000

13,100

13,500

12,400

10,300

12,400

9,200

8,400

9,900

10,100

7,200

7,800

6,600

5,500

5,800

5,900

5,400

5,200

4,700

4,200

Other Current Liabilities

0
0
0
8,200
0
0
0
11,500
0
0
0
9,400
0
0
0
12,100
0
0
0
15,600
9,200
0
9,800
9,800
0
0
0
11,000
0
9,000
10,100
9,100
0
10,100
11,500
12,700
11,400
12,300
14,400
14,400
14,200
14,900
17,200
17,500
16,700
17,400
20,300
22,100
20,000
21,200
23,700
22,100
19,700
20,300
22,100
19,100
17,900
19,918
24,004
20,201
18,673
20,908
23,312
20,492
54
23,051
29,216
28,388
23,328
25,448
29,953
32,718
28,422
30,514
33,376
29,872
31,610
33,755
35,796
30,908
27,406
36,129
34,268
38,023
31,943
32,332
34,644
32,624
29,671
30,948
31,528
31,685
30,272
31,515
32,018
30,381
18,500
17,500
36,464
41,304
14,250
37,770
59,784
54,220
41,233
52,769
65,645
10,623
57,898
94,037
63,804
59,514
51,524
56,860
55,001
46,570
41,474
65,647
72,581
68,360
43,557
74,853
530
76,858
46,193
40,459
45,982
44,930
51,170
25,843
32,482
30,495
29,718
30,264
37,906
28,349
27,979
35,063
48,871
46,178
36,939
35,066
37,469
38,955
41,073
37,478
37,653
39,429
50,517
47,351
48,343
59,144
68,483

68,483

59,144

48,343

47,351

50,517

39,429

37,653

37,478

41,073

38,955

37,469

35,066

36,939

46,178

48,871

35,063

27,979

28,349

37,906

30,264

29,718

30,495

32,482

25,843

51,170

44,930

45,982

40,459

46,193

76,858

530

74,853

43,557

68,360

72,581

65,647

41,474

46,570

55,001

56,860

51,524

59,514

63,804

94,037

57,898

10,623

65,645

52,769

41,233

54,220

59,784

37,770

14,250

41,304

36,464

17,500

18,500

30,381

32,018

31,515

30,272

31,685

31,528

30,948

29,671

32,624

34,644

32,332

31,943

38,023

34,268

36,129

27,406

30,908

35,796

33,755

31,610

29,872

33,376

30,514

28,422

32,718

29,953

25,448

23,328

28,388

29,216

23,051

20,492

23,312

20,908

18,673

20,201

24,004

19,918

17,900

19,100

22,100

20,300

19,700

22,100

23,700

21,200

20,000

22,100

20,300

17,400

16,700

17,500

17,200

14,900

14,200

14,400

12,300

11,400

12,700

11,500

10,100

9,100

10,100

9,000

11,000

9,800

9,200

15,600

12,100

9,400

11,500

8,200

> Long-term Liabilities

0
0
0
25,800
0
0
0
23,400
0
0
0
22,000
0
0
0
18,300
0
0
0
16,100
51,400
0
51,700
51,300
0
0
0
45,800
0
42,300
41,600
41,000
0
36,700
36,400
36,100
32,400
24,700
26,200
28,200
30,000
37,500
36,300
36,300
45,200
46,600
51,300
35,800
36,800
38,400
34,000
35,100
35,000
34,900
35,100
33,500
33,500
43,468
44,000
47,560
52,650
49,892
40,843
40,265
38,847
39,546
39,419
178,549
174,683
172,796
171,437
164,226
163,551
161,902
160,633
154,808
153,875
165,472
166,446
161,634
165,066
163,481
164,882
172,403
171,446
169,688
167,832
166,776
167,612
165,931
160,373
160,240
149,825
148,192
148,738
146,916
145,886
172,625
164,320
161,836
162,742
161,648
159,670
233,061
235,638
228,402
222,969
248,280
246,682
292,809
301,245
310,940
303,652
411,284
411,954
422,981
474,453
480,169
472,057
466,512
434,991
456,571
467,526
416,814
445,016
418,110
429,051
397,861
356,764
355,644
348,583
332,116
336,053
406,796
403,023
394,841
383,194
158,228
164,675
157,193
164,693
185,592
178,477
177,973
163,470
155,421
129,332
171,035
138,009
155,208
152,196
128,163
148,656

148,656

128,163

152,196

155,208

138,009

171,035

129,332

155,421

163,470

177,973

178,477

185,592

164,693

157,193

164,675

158,228

383,194

394,841

403,023

406,796

336,053

332,116

348,583

355,644

356,764

397,861

429,051

418,110

445,016

416,814

467,526

456,571

434,991

466,512

472,057

480,169

474,453

422,981

411,954

411,284

303,652

310,940

301,245

292,809

246,682

248,280

222,969

228,402

235,638

233,061

159,670

161,648

162,742

161,836

164,320

172,625

145,886

146,916

148,738

148,192

149,825

160,240

160,373

165,931

167,612

166,776

167,832

169,688

171,446

172,403

164,882

163,481

165,066

161,634

166,446

165,472

153,875

154,808

160,633

161,902

163,551

164,226

171,437

172,796

174,683

178,549

39,419

39,546

38,847

40,265

40,843

49,892

52,650

47,560

44,000

43,468

33,500

35,100

34,900

35,000

35,100

34,000

38,400

36,800

35,800

51,300

46,600

45,200

36,300

37,500

30,000

28,200

26,200

24,700

32,400

36,100

36,400

36,700

41,000

41,600

42,300

45,800

51,300

51,700

51,400

16,100

18,300

22,000

23,400

25,800

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
254,988
252,026
245,383
240,001
264,345
265,809
264,857
263,182
80,566
77,927
76,099
75,182
74,243
71,464
69,942
68,466
67,348
65,777
94,440
62,997
62,207
61,493
0
0

61,493

62,207

62,997

94,440

65,777

67,348

68,466

69,942

71,464

74,243

75,182

76,099

77,927

80,566

263,182

264,857

265,809

264,345

240,001

245,383

252,026

254,988

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,843
0
7,874
7,936
4,621
11,119
5,344
5,264
537
617
625
128
22
22
18
17
1,272
1,407
1,860
2,041
2,221
11,443
2,984
3,484
3,805
4,199
4,407
8,346
5,701
7,128
7,085
7,514
7,439
7,225
6,657
6,792
7,404
7,589
9,377
9,108
9,499
10,364
10,127
8,433
8,914
9,150
9,754
8,893
9,002
9,069
9,307
9,440
9,668
9,993
10,304
10,017
11,023
11,126
11,467
11,061
10,890
10,911
10,999
11,073
10,379
11,146
11,456
11,218
11,291
11,369
100,656
96,557
86,733
96,052
82,180
76,860
70,316
66,741
27,317
40,255
41,229
53,048
76,529
72,869
70,024
58,991
54,265
29,937
45,055
46,165
0
62,597
39,716
0

39,716

62,597

46,165

45,055

29,937

54,265

58,991

70,024

72,869

76,529

53,048

41,229

40,255

27,317

66,741

70,316

76,860

82,180

96,052

86,733

96,557

100,656

11,369

11,291

11,218

11,456

11,146

10,379

11,073

10,999

10,911

10,890

11,061

11,467

11,126

11,023

10,017

10,304

9,993

9,668

9,440

9,307

9,069

9,002

8,893

9,754

9,150

8,914

8,433

10,127

10,364

9,499

9,108

9,377

7,589

7,404

6,792

6,657

7,225

7,439

7,514

7,085

7,128

5,701

8,346

4,407

4,199

3,805

3,484

2,984

11,443

2,221

2,041

1,860

1,407

1,272

128

625

617

537

5,264

5,344

11,119

4,621

7,936

7,874

3,843

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
150,732
0
0
0
111,867
0
170,122
122,158
152,315
142,143
155,480
127,637
88,401
89,387
86,048
76,568
0
79,699
74,952
56,562
0
15,689
0
0
0
0
0
0
46,533
0
0
0
0
49,809
0
0
0

49,809

46,533

15,689

56,562

74,952

79,699

76,568

86,048

89,387

88,401

127,637

155,480

142,143

152,315

122,158

170,122

111,867

150,732

> Total Stockholder Equity

0
0
0
10,800
0
0
0
12,900
0
0
0
13,800
0
0
0
18,000
0
0
0
22,500
-7,300
0
-5,900
-4,400
0
0
0
1,800
0
7,300
9,000
11,100
0
15,200
17,500
19,700
23,000
35,900
38,900
42,600
45,800
49,400
53,300
57,800
61,200
66,100
70,800
93,000
97,100
103,300
108,900
115,300
120,400
125,900
132,500
135,500
139,800
144,401
150,138
152,108
152,195
158,795
165,086
165,796
168,873
170,992
175,341
167,055
170,020
177,746
184,999
188,614
193,894
203,635
211,421
219,715
225,493
235,539
243,845
252,975
258,506
269,787
277,995
287,035
292,211
301,160
302,389
303,864
303,073
301,858
292,974
283,579
281,195
284,283
288,747
291,861
297,352
302,282
242,392
248,995
254,214
258,516
275,206
279,678
298,083
309,694
332,186
349,125
345,153
399,243
482,049
564,589
584,961
543,818
553,467
638,717
725,551
731,059
726,574
487,741
451,372
491,681
524,514
460,879
531,940
514,974
535,741
511,318
571,328
551,707
542,730
528,418
570,455
581,354
602,362
601,520
616,298
479,190
522,550
538,218
564,828
639,140
613,492
598,566
587,696
587,297
505,736
536,485
546,966
611,945
616,354
557,404
599,330

599,330

557,404

616,354

611,945

546,966

536,485

505,736

587,297

587,696

598,566

613,492

639,140

564,828

538,218

522,550

479,190

616,298

601,520

602,362

581,354

570,455

528,418

542,730

551,707

571,328

511,318

535,741

514,974

531,940

460,879

524,514

491,681

451,372

487,741

726,574

731,059

725,551

638,717

553,467

543,818

584,961

564,589

482,049

399,243

345,153

349,125

332,186

309,694

298,083

279,678

275,206

258,516

254,214

248,995

242,392

302,282

297,352

291,861

288,747

284,283

281,195

283,579

292,974

301,858

303,073

303,864

302,389

301,160

292,211

287,035

277,995

269,787

258,506

252,975

243,845

235,539

225,493

219,715

211,421

203,635

193,894

188,614

184,999

177,746

170,020

167,055

175,341

170,992

168,873

165,796

165,086

158,795

152,195

152,108

150,138

144,401

139,800

135,500

132,500

125,900

120,400

115,300

108,900

103,300

97,100

93,000

70,800

66,100

61,200

57,800

53,300

49,400

45,800

42,600

38,900

35,900

23,000

19,700

17,500

15,200

11,100

9,000

7,300

1,800

-4,400

-5,900

-7,300

22,500

18,000

13,800

12,900

10,800

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,400
14,800
14,800
14,915
14,958
14,960
14,967
15,076
15,076
15,076
15,076
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
15,166
757
756
756
756
756
756
756
756
756
756
756
756
756
756
756
899
899
899
899
1,071
1,071
1,071
1,071
1,071
1,071
1,071
1,071
1,071
1,071
1,071
1,071
1,071
1,071
1,071
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138
1,138

1,138

1,071

899

756

757

15,166

15,076

14,967

14,960

14,958

14,915

14,800

13,400

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
563,780
535,415
521,712
0
575,477
597,451
597,434
0
473,154
515,620
536,721
573,050
644,757
624,020
613,351
608,528
608,230
534,450
566,455
0
641,396
643,332
0
0

643,332

641,396

566,455

534,450

608,230

608,528

613,351

624,020

644,757

573,050

536,721

515,620

473,154

597,434

597,451

575,477

521,712

535,415

563,780

Accumulated Other Comprehensive Income

0
0
0
-32,400
0
0
0
-34,900
0
0
0
-38,400
0
0
0
-30,300
0
0
0
-33,300
-34,100
0
-35,500
-36,300
0
0
0
-39,100
0
-40,600
-41,500
-42,300
0
-44,900
-46,000
-46,700
-47,900
-49,100
-50,400
-51,700
-52,800
-54,300
-55,400
-47,000
-49,100
-51,700
-53,900
-56,400
-57,200
-60,600
-62,500
-64,600
-67,100
-68,600
-1,400
-2,500
-2,200
-1,796
-1,510
-1,307
-1,808
-1,383
-1,121
-928
-768
-583
-420
-324
-459
-354
-274
-195
-1,840
-1,717
-1,559
-1,393
-3,252
-2,810
-2,508
-2,300
-189,133
-195,553
-194,212
-199,296
-204,812
-212,291
-221,593
-220,020
-224,784
-232,664
-237,587
-239,288
-238,950
-246,827
-251,974
112
567
252
-594
-1,152
564
725
5,309
-5,468
6,289
17,057
32,649
43,897
38,007
88,140
30,307
21,457
25,338
186
238
-522
-783
-983
-962
-2,850
-3,679
-3,604
-2,997
-2,918
-3,584
-3,275
-2,273
-1,665
-1,404
-966
-2,107
-2,245
-2,516
-2,820
-2,624
-3,252
-2,810
-3,122
-2,320
-1,976
-1,531
-1,975
-1,860
-1,909
-1,907
-2,138
-3,159
-3,777
-2,790
-2,458
-2,780
-3,066
-2,518

-2,518

-3,066

-2,780

-2,458

-2,790

-3,777

-3,159

-2,138

-1,907

-1,909

-1,860

-1,975

-1,531

-1,976

-2,320

-3,122

-2,810

-3,252

-2,624

-2,820

-2,516

-2,245

-2,107

-966

-1,404

-1,665

-2,273

-3,275

-3,584

-2,918

-2,997

-3,604

-3,679

-2,850

-962

-983

-783

-522

238

186

25,338

21,457

30,307

88,140

38,007

43,897

32,649

17,057

6,289

-5,468

5,309

725

564

-1,152

-594

252

567

112

-251,974

-246,827

-238,950

-239,288

-237,587

-232,664

-224,784

-220,020

-221,593

-212,291

-204,812

-199,296

-194,212

-195,553

-189,133

-2,300

-2,508

-2,810

-3,252

-1,393

-1,559

-1,717

-1,840

-195

-274

-354

-459

-324

-420

-583

-768

-928

-1,121

-1,383

-1,808

-1,307

-1,510

-1,796

-2,200

-2,500

-1,400

-68,600

-67,100

-64,600

-62,500

-60,600

-57,200

-56,400

-53,900

-51,700

-49,100

-47,000

-55,400

-54,300

-52,800

-51,700

-50,400

-49,100

-47,900

-46,700

-46,000

-44,900

-42,300

-41,500

-40,600

-39,100

-36,300

-35,500

-34,100

-33,300

-30,300

-38,400

-34,900

-32,400

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
381,975
381,904
381,904
381,904
381,904
381,904
381,904
381,788
381,788
381,788
381,788
381,788
381,788
381,788
381,788
381,788
381,788
381,788
381,788
381,788
381,788
385,594
0
0

385,594

381,788

381,904

381,975

Treasury Stock

-410,930

-409,919

-409,119

-408,481

-401,721

-401,851

-395,802

-391,594

-386,568

-389,617

-379,453

-373,676

-373,768

-374,857

-375,704

-375,507

-374,345

-374,231

-374,091

-373,620

-394,153

-375,857

-366,140

-365,809

-364,448

-362,886

-373,652

-370,070

-364,779

-353,855

-353,465

-107,245

-102,713

-98,439

-94,485

-86,101

-86,104

-75,916

-64,895

-90,536

-90,545

-90,546

-90,567

-90,569

-90,492

-89,967

-89,955

-88,551

-21,151

-20,479

-20,430

-20,036

-20,208

-20,816

-21,846

-20,323

-21,943

-22,601

-22,741

-20,939

-21,271

-25,012

-25,207

-25,409

-25,235

-28,662

-29,106

-29,258

-29,492

-31,215

-33,621

-33,703

-33,914

-35,525

-37,650

-37,732

-37,817

-38,598

-38,297

-28,675

-26,093

-20,182

-18,752

-13,644

-13,661

-12,510

-9,040

-8,246

-7,136

Other Stockholders Equity

0
0
0
28,800
0
0
0
31,400
0
0
0
35,000
0
0
0
30,000
0
0
0
37,400
34,000
0
35,600
36,500
0
0
0
39,900
0
49,300
50,400
51,700
0
61,300
62,600
63,400
72,400
84,600
86,000
87,900
107,600
109,900
111,200
103,500
128,600
132,300
134,700
154,800
155,800
160,500
162,700
165,600
168,500
171,500
91,400
115,700
114,800
113,382
112,785
112,373
108,992
109,019
109,036
103,770
102,340
97,388
94,806
85,037
84,736
85,517
85,603
85,529
87,864
89,475
89,685
90,166
92,672
94,395
94,628
94,894
282,599
291,769
291,321
297,949
304,476
314,912
325,319
323,694
329,166
338,641
344,477
345,968
346,686
355,398
361,206
108,852
122,820
122,542
54,807
53,566
47,606
46,102
49,532
54,000
51,853
48,168
50,215
52,489
49,845
51,622
85,557
193,894
193,894
183,706
183,709
297,393
293,438
289,163
284,631
38,388
37,998
27,069
21,778
18,193
19,020
17,566
16,205
15,874
6,157
-12,178
8,284
7,813
7,673
7,559
6,397
6,200
6,931
8,020
8,112
2,335
-7,829
-4,780
-9,806
-14,014
-20,063
-19,933
-26,693
-3,777
-27,892
-28,131
-25,336
-27,486
-30,748

-30,748

-27,486

-25,336

-28,131

-27,892

-3,777

-26,693

-19,933

-20,063

-14,014

-9,806

-4,780

-7,829

2,335

8,112

8,020

6,931

6,200

6,397

7,559

7,673

7,813

8,284

-12,178

6,157

15,874

16,205

17,566

19,020

18,193

21,778

27,069

37,998

38,388

284,631

289,163

293,438

297,393

183,709

183,706

193,894

85,557

51,622

49,845

52,489

50,215

48,168

51,853

54,000

49,532

46,102

47,606

53,566

54,807

122,542

122,820

108,852

361,206

355,398

346,686

345,968

344,477

338,641

329,166

323,694

325,319

314,912

304,476

297,949

291,321

291,769

282,599

94,894

94,628

94,395

92,672

90,166

89,685

89,475

87,864

85,529

85,603

85,517

84,736

85,037

94,806

97,388

102,340

103,770

109,036

109,019

108,992

112,373

112,785

113,382

114,800

115,700

91,400

171,500

168,500

165,600

162,700

160,500

155,800

154,800

134,700

132,300

128,600

103,500

111,200

109,900

107,600

87,900

86,000

84,600

72,400

63,400

62,600

61,300

51,700

50,400

49,300

39,900

36,500

35,600

34,000

37,400

30,000

35,000

31,400

28,800

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	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31	1988-12-31	1987-12-31	1986-12-31
Accounts Payable	22,448	28,431	36,684	26,537	32,626	41,967	40,616	33,961	34,649	39,207	37,511	33,210	29,236	26,752	22,293	25,302	28,195	28,262	21,304	18,563	17,461	14,695	13,989	16,031	18,400	15,100	14,300	13,500	9,200	7,200	5,500	5,400	5,200	-	-	-	-	-
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	-	-	-	-	-
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	-	-	-	-	-
Accumulated Other Comprehensive Income	-2,518	-2,790	-1,907	-1,531	-2,810	-2,516	-1,404	-3,584	-3,679	-522	21,457	43,897	-5,468	-1,152	112	-239,288	-220,020	-199,296	-2,300	-1,393	-195	-324	-928	-1,307	-2,500	-64,600	-56,400	-47,000	-51,700	-46,700	-42,300	-39,100	-36,300	-33,300	-30,300	-38,400	-34,900	-32,400
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	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Capital Lease Obligations	101,244	108,825	121,377	129,010	76,178	64,200	80,752	89,498	0	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	1,138	1,138	1,138	1,138	1,138	1,138	0	0	0	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	381,788	381,788	381,788	381,788	381,904	382,014	381,906	391,853	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	28,066	37,467	42,349	24,503	67,772	48,557	58,577	75,808	56,523	124,290	94,626	60,359	98,987	47,563	51,395	6,855	1,497	4,820	3,063	25,150	24,795	5,286	8,715	2,178	4,000	13,700	2,700	600	1,400	10,300	8,800	12,600	8,300	600	2,800	3,300	3,100	500
Cash And Equivalents	0	37,467	42,349	24,503	67,772	48,557	58,577	75,808	0	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	119,945	106,933	125,410	119,364	112,628	82,417	81,866	98,105	80,273	145,813	180,105	330,217	214,308	80,086	68,129	6,855	1,497	4,820	3,063	25,616	25,744	5,897	12,207	2,178	4,000	13,700	2,700	600	1,400	10,300	8,800	12,600	8,300	600	2,800	3,300	3,100	500
Common Stock	1,138	1,138	1,138	1,138	1,138	1,138	1,071	1,071	1,071	1,071	899	756	756	756	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,076	14,960	14,800	0	0	0	0	0	0	0	0	-	-	-	-	-
Common Stock Shares Outstanding	1,445	1,490	2,069	2,069	2,069	2,069	368	367	1,556	1,757	1,547	1,556	2,160	2,271	2,310	2,283	2,280	2,266	2,267	2,239	2,191	2,262	2,320	2,371	2,390	2,598	2,761	2,144	2,130	1,293	1,273	1,170	1,270	1,063	914	808	735	1,010
Common Stock Total Equity	0	0	1,138	1,138	1,138	1,138	1,071	1,071	1,071	1,071	899	756	756	756	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,076	14,960	14,800	0	0	0	0	0	0	0	0	-	-	-	-	-
Current Deferred Revenue	5,314	28,968	37,594	44,423	31,199	34,366	36,958	32,728	30,872	17,870	0	62,610	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	-	-	-	-	-
Deferred Long Term Liab	0	0	46,533	0	0	0	88,401	152,315	111,867	150,732	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	-	-	-	-	-
Good Will	53,530	53,513	53,547	53,596	40,040	40,052	40,081	40,003	40,022	40,164	28,251	27,529	27,529	28,759	14,503	14,503	14,503	14,485	7,458	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Intangible Assets	23,230	23,037	23,463	24,065	27,349	28,114	26,564	26,051	21,673	22,907	7,721	6,248	6,950	7,959	1,567	9,446	1,959	2,152	9,537	1,195	1,315	1,434	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Inventory	2,980	3,851	3,803	2,737	4,674	7,537	7,268	6,773	7,593	6,892	6,475	6,624	5,886	6,061	6,595	6,795	7,226	7,018	6,367	6,204	5,757	5,206	5,206	5,485	4,800	4,400	4,600	3,900	3,600	3,000	2,800	2,400	2,300	2,400	2,000	1,900	1,800	1,900
Liabilities And Stockholders Equity	859,086	828,474	894,807	1,017,968	1,139,309	1,029,493	1,063,584	1,096,967	1,003,918	1,174,732	988,543	773,787	672,860	563,839	514,496	520,136	565,214	542,521	474,657	433,463	414,636	395,895	245,066	240,767	210,500	190,200	167,300	131,400	99,800	80,300	70,600	67,100	64,100	55,800	50,000	46,800	49,300	47,900
Long Term Debt	0	0	0	0	179,046	180,264	181,521	197,628	205,884	214,456	216,747	230,603	217,483	142,028	130,124	150,592	156,015	162,798	153,930	154,076	161,328	172,950	29,649	40,056	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Long Term Debt Total	0	62,997	68,466	75,182	263,182	240,001	256,994	281,555	296,062	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	199,103	155,794	250,399	419,550	505,542	557,480	566,021	577,637	471,689	697,982	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	-	-	-	-	-
Net Debt	73,178	81,358	79,028	220,305	130,012	137,427	205,165	212,876	250,904	200,293	138,110	188,095	149,909	117,172	101,588	163,067	188,273	174,776	158,703	136,756	148,149	174,872	25,459	42,744	27,200	20,100	34,100	41,700	32,300	30,400	36,100	36,200	45,100	17,000	16,900	19,700	21,800	28,300
Net Invested Capital	599,330	556,966	587,696	717,089	796,562	751,976	754,318	0	0	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	22,241	29,375	28,508	19,185	21,640	15,743	16,284	14,195	17,716	15,962	7,055	7,001	4,133	5,818	7,660	15,622	6,289	5,858	2,619	4,123	3,471	2,955	13,134	6,785	11,100	10,800	4,900	5,500	5,100	2,200	1,300	900	700	900	900	500	500	500
Net Tangible Assets	0	470,416	510,686	487,167	548,909	502,289	504,683	465,886	389,677	662,631	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	41,451	15,757	21,168	-140,669	5,574	-8,052	-22,853	7,778	9,233	73,234	84,472	224,703	125,715	19,068	15,182	-15,381	-46,377	-52,163	-39,010	-13,540	-22,540	-31,664	-4,839	-22,480	-16,400	600	-18,500	-22,200	-14,500	-5,100	-2,200	-100	-4,100	-	-	-	-	-
Non Current Assets Total	707,554	677,820	729,998	870,190	993,918	914,560	950,945	969,178	877,130	988,464	791,057	424,790	432,276	454,008	423,781	459,200	517,017	511,601	453,619	388,063	375,380	377,267	210,899	222,149	185,400	149,800	147,300	116,300	85,300	60,900	54,300	47,700	51,000	50,100	42,400	39,900	42,500	43,400
Non Current Liabilities Other	348	754	462	1,680	348	2,713	4,643	4,514	0	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	148,656	138,009	163,470	164,693	383,194	336,053	356,764	445,016	434,991	422,981	310,940	248,280	233,061	161,836	146,916	160,240	166,776	172,403	161,634	154,808	164,226	178,549	40,265	47,560	33,500	35,100	35,800	36,300	28,200	36,100	41,000	45,800	51,300	16,100	18,300	22,000	23,400	25,800
Non Currrent Assets Other	7,733	1,882	10,700	14,025	10,641	14,198	22,479	13,223	11,422	14,008	11,239	9,109	7,278	7,612	8,076	2,561	7,945	4,822	4,462	5,195	14,501	17,546	3,881	2,451	3,500	3,500	4,500	5,600	7,200	9,200	10,800	12,600	12,500	11,100	600	5,000	2,200	1,400
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	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	10,012	10,700	476,407	10,641	14,198	20,034	13,223	8,534	13,561	18,960	15,357	33,011	39,068	1,062	2,561	7,945	4,822	4,462	4,000	4,464	2,036	2,789	997	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Current Assets	6,366	10,495	7,088	6,492	6,449	9,236	7,221	8,716	21,206	17,601	3,290	2,798	3,237	4,453	4,421	28,404	20,480	6,021	6,389	6,702	1,814	1,805	3,327	4,170	5,200	11,500	7,800	5,100	4,400	3,900	3,400	3,500	1,800	1,800	1,900	1,200	1,400	1,600
Other Current Liab	68,483	50,517	41,073	36,939	27,979	29,718	51,170	46,193	43,557	46,570	59,514	10,623	54,220	41,304	30,381	31,685	32,624	38,023	30,908	29,872	32,718	28,388	20,492	20,201	19,100	22,100	22,100	17,500	14,400	12,700	9,100	11,000	9,800	15,600	12,100	9,400	11,500	8,200
Other Liab	0	46,165	58,991	53,048	66,741	96,052	99,770	163,461	122,778	161,858	9,668	9,002	8,914	9,499	7,404	7,439	5,701	3,805	2,221	1,272	22	537	4,621	3,843	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Stockholder Equity	-30,748	-27,892	-20,063	-7,829	6,931	7,673	6,157	19,020	37,998	297,393	193,894	52,489	54,000	53,566	108,852	345,968	323,694	297,949	94,894	90,166	85,529	85,037	103,770	112,373	115,700	165,600	154,800	103,500	87,900	63,400	51,700	39,900	36,500	37,400	30,000	35,000	31,400	28,800
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	-	-	-	-	-
Preferred Stock 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	-	-	-	-	-
Property Plant And Equipment Gross	832,741	850,962	784,640	358,954	410,346	274,716	295,800	312,264	332,324	354,147	346,147	356,638	371,736	386,181	399,635	432,690	492,610	490,142	439,620	382,868	360,879	359,722	207,018	219,698	181,900	146,300	142,800	110,700	78,100	51,700	43,500	35,100	38,500	39,000	41,800	34,900	40,300	42,000
Property Plant And Equipment Net	412,706	435,464	391,889	358,954	410,346	274,716	295,800	312,264	332,324	354,147	346,147	356,638	371,736	386,181	399,635	432,690	492,610	490,142	439,620	382,868	360,879	359,722	207,018	219,698	181,900	146,300	142,800	110,700	78,100	51,700	43,500	35,100	38,500	39,000	41,800	34,900	40,300	42,000
Property Plant Equipment	0	435,464	391,889	316,122	410,346	274,716	295,800	312,264	332,324	353,875	346,147	356,638	371,736	386,181	399,635	432,690	492,610	490,142	439,620	385,258	364,600	363,801	208,110	221,152	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Retained Earnings	631,458	576,510	608,528	573,050	611,039	564,160	565,504	515,433	415,982	340,775	348,339	251,983	230,390	195,825	167,731	161,733	185,024	173,216	145,215	115,776	88,114	67,175	47,878	26,082	7,500	14,300	-5,400	1,300	6,400	3,000	1,700	1,000	-4,600	18,400	18,300	17,200	16,400	14,400
Retained Earnings Total Equity	0	0	608,528	573,050	0	0	0	0	0	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	0	10,000	0	152,261	5,470	1,257	1,469	1,558	1,216	1,913	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	101,244	118,825	121,377	244,808	197,784	185,984	263,742	288,684	307,427	324,583	232,736	248,454	248,896	164,735	152,983	169,922	189,770	179,596	161,766	161,906	172,944	180,158	34,174	44,922	31,200	33,800	36,800	42,300	33,700	40,700	44,900	48,800	53,400	17,600	19,700	23,000	24,900	28,800
Short Term Debt	14,855	26,981	16,898	169,626	18,738	5,720	6,748	7,129	8,477	9,387	15,989	17,851	31,413	22,707	22,859	19,330	33,755	16,798	7,836	10,505	11,616	7,209	4,524	4,866	4,000	2,600	2,100	6,300	5,400	4,600	3,900	3,100	2,200	1,600	1,600	1,600	1,500	3,100
Short Term Investments	91,879	69,466	83,061	94,861	44,856	33,860	23,289	22,297	23,750	21,523	85,479	269,858	115,321	32,523	16,734	0	0	0	0	466	949	611	3,492	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	-	-	-	-	-
Total Assets	859,086	828,474	894,807	1,017,968	1,139,309	1,029,493	1,063,584	1,096,967	1,003,918	1,174,732	988,543	773,787	672,860	563,839	514,496	520,136	565,214	542,521	474,657	433,463	414,636	395,895	245,066	240,767	210,500	190,200	167,300	131,400	99,800	80,300	70,600	67,100	64,100	55,800	50,000	46,800	49,300	47,900
Total Current Assets	151,532	150,654	164,809	147,778	145,391	114,933	112,639	127,789	126,788	186,268	197,486	348,997	240,584	109,831	90,715	60,936	48,197	30,920	21,038	45,400	39,256	18,628	34,167	18,618	25,100	40,400	20,000	15,100	14,500	19,400	16,300	19,400	13,100	5,700	7,600	6,900	6,800	4,500
Total Current Liabilities	111,100	134,897	143,641	288,447	139,817	122,985	135,492	120,011	117,555	113,034	113,014	124,294	114,869	90,763	75,533	76,317	94,574	83,083	60,048	58,940	61,796	50,291	39,006	41,098	41,500	39,800	38,500	37,300	29,000	24,500	18,500	19,500	17,200	17,200	13,700	11,000	13,000	11,300
Total Liab	259,756	272,906	307,111	453,140	523,011	459,038	492,256	565,027	552,546	536,015	423,954	372,574	347,930	252,599	222,449	236,557	261,350	255,486	221,682	213,748	226,021	228,840	79,270	88,658	75,000	74,900	74,300	73,600	57,200	60,600	59,500	65,300	68,500	33,300	32,000	33,000	36,400	37,100
Total Permanent 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	-	-	-	-	-
Total Stockholder Equity	599,330	546,966	587,696	564,828	616,298	570,455	571,328	531,940	451,372	638,717	564,589	349,125	279,678	248,995	291,861	283,579	303,864	287,035	252,975	219,715	188,614	167,055	165,796	152,108	135,500	115,300	93,000	57,800	42,600	19,700	11,100	1,800	-4,400	22,500	18,000	13,800	12,900	10,800
Treasury Stock	0	0	-401,851	-389,617	-374,857	-374,231	-375,857	-362,886	-353,855	0	-75,916	-90,546	-90,569	-89,955	-20,430	-21,846	-22,741	-25,207	-29,106	-33,621	-37,650	-38,297	-18,752	-9,040	0	0	0	0	0	0	0	0	0	-	-	-	-	-
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	-	-	-	-	-

	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	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31	1988-12-31	1988-09-30	1988-06-30	1988-03-31	1987-12-31	1987-09-30	1987-06-30	1987-03-31	1986-12-31	1986-09-30	1986-06-30	1986-03-31	1985-12-31
Accounts Payable	22,448	22,238	26,103	30,932	28,431	34,288	29,400	34,946	36,684	42,307	40,665	31,347	26,537	26,546	30,028	36,289	32,626	25,108	31,416	38,791	41,967	35,597	35,671	36,342	40,616	37,872	36,608	36,622	33,961	32,137	38,359	35,645	34,649	34,738	44,855	37,711	39,996	39,207	47,017	45,227	45,078	37,511	42,148	37,787	40,005	33,210	36,540	33,921	33,632	29,236	30,428	29,405	30,184	26,752	26,288	25,962	26,822	22,293	25,495	22,667	26,923	25,302	29,538	26,920	28,313	28,195	32,682	28,914	38,443	28,262	24,414	24,464	32,499	21,304	21,993	22,381	23,596	18,563	22,786	16,493	20,297	17,461	14,819	15,572	16,511	14,695	12,904	13,184	14,828	13,989	13,556	12,757	15,421	16,031	13,653	14,278	19,200	18,400	18,200	12,600	14,200	15,100	14,200	12,300	14,500	14,300	13,400	13,000	13,100	13,500	12,400	10,300	12,400	9,200	8,400	9,900	10,100	7,200	7,800	6,600	-	5,500	5,800	5,900	-	5,400	-	-	-	5,200	4,700	-	4,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	0	0	0	0	0	0	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	0	0	0	0	0	0	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	-2,518	-3,066	-2,780	-2,458	-2,790	-3,777	-3,159	-2,138	-1,907	-1,909	-1,860	-1,975	-1,531	-1,976	-2,320	-3,122	-2,810	-3,252	-2,624	-2,820	-2,516	-2,245	-2,107	-966	-1,404	-1,665	-2,273	-3,275	-3,584	-2,918	-2,997	-3,604	-3,679	-2,850	-962	-983	-783	-522	238	186	25,338	21,457	30,307	88,140	38,007	43,897	32,649	17,057	6,289	-5,468	5,309	725	564	-1,152	-594	252	567	112	-251,974	-246,827	-238,950	-239,288	-237,587	-232,664	-224,784	-220,020	-221,593	-212,291	-204,812	-199,296	-194,212	-195,553	-189,133	-2,300	-2,508	-2,810	-3,252	-1,393	-1,559	-1,717	-1,840	-195	-274	-354	-459	-324	-420	-583	-768	-928	-1,121	-1,383	-1,808	-1,307	-1,510	-1,796	-2,200	-2,500	-1,400	-68,600	-67,100	-64,600	-62,500	-60,600	-57,200	-56,400	-53,900	-51,700	-49,100	-47,000	-55,400	-54,300	-52,800	-51,700	-50,400	-49,100	-47,900	-46,700	-46,000	-44,900	-	-42,300	-41,500	-40,600	-	-39,100	-	-	-	-36,300	-35,500	-	-34,100	-33,300	-	-	-	-30,300	-	-	-	-38,400	-	-	-	-34,900	-	-	-	-32,400	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	101,244	103,653	105,069	106,244	108,825	113,073	116,414	118,213	121,377	125,179	122,384	123,913	129,010	133,216	67,011	70,889	76,178	83,113	84,356	85,043	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	385,594	381,788	381,788	381,788	381,788	381,788	381,788	381,788	381,788	381,788	381,788	381,788	381,788	381,788	381,788	381,904	381,904	381,904	381,904	381,904	381,904	381,975	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	28,066	33,993	30,881	39,363	37,467	64,842	40,512	45,777	42,349	27,795	28,212	28,438	24,503	33,164	36,438	33,281	67,772	19,058	27,662	31,093	48,557	48,345	48,411	45,444	58,577	53,670	64,669	68,560	75,808	75,405	66,360	56,581	56,523	50,417	68,007	112,787	129,669	124,290	112,516	112,970	78,460	94,626	22,358	19,031	32,130	60,359	46,471	37,042	115,421	98,987	17,321	69,214	79,426	47,563	35,157	75,216	62,191	51,395	37,843	35,010	25,636	6,855	1,621	1,580	2,004	1,497	3,874	2,311	5,152	4,820	3,763	4,475	3,483	3,063	14,638	9,889	28,731	25,150	40,491	28,620	23,802	24,795	17,666	4,832	1,959	5,286	17,687	28,600	16,520	8,715	7,236	7,749	2,667	2,178	4,109	1,673	2,700	4,000	8,900	5,200	9,600	13,700	1,800	2,300	2,500	2,700	1,300	800	700	600	1,900	1,100	1,500	1,400	1,700	1,800	4,900	10,300	10,000	9,300	-	8,800	8,100	7,700	-	12,600	-	-	-	8,300	7,600	-	5,100	600	-	-	-	2,800	-	-	-	3,300	-	-	-	3,100	-	-	-	500	-	-	-
Cash And Equivalents	0	0	30,881	39,363	37,467	64,842	40,512	45,777	42,349	27,795	28,212	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	119,945	118,358	119,140	119,015	106,933	134,874	112,283	132,927	125,410	126,801	124,306	127,865	119,364	118,246	121,223	114,533	112,628	62,824	69,138	71,811	82,417	76,135	72,759	69,601	81,866	76,891	87,900	89,262	98,105	98,107	87,621	79,921	80,273	71,496	89,593	134,164	140,469	145,813	121,987	134,479	169,730	180,105	153,565	405,111	337,764	330,217	292,162	254,785	234,125	214,308	141,880	98,157	86,861	80,086	61,706	81,022	84,370	54,396	37,843	56,065	25,636	6,855	1,621	1,580	2,004	1,497	3,874	2,311	5,152	4,820	3,763	4,475	3,483	3,063	14,638	9,889	29,197	25,616	41,112	28,620	24,911	25,744	18,106	10,268	2,570	5,897	18,207	28,600	20,016	12,207	7,236	7,749	2,667	2,178	4,109	1,673	2,700	4,000	8,900	5,200	9,600	13,700	1,800	2,300	2,500	2,700	1,300	800	700	600	1,900	1,100	1,500	1,400	1,700	1,800	4,900	10,300	10,000	9,300	-	8,800	8,100	7,700	-	12,600	-	-	-	8,300	7,600	-	5,100	600	-	-	-	2,800	-	-	-	3,300	-	-	-	3,100	-	-	-	500	-	-	-
Common Stock	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	899	899	899	899	756	756	756	756	756	756	756	756	756	756	756	756	756	756	757	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,076	15,076	15,076	15,076	14,967	14,960	14,958	14,915	14,800	14,800	13,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Shares Outstanding	1,445	3,103	3,103	3,103	3,103	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	2,069	365	369	369	370	1,208	1,215	1,227	1,243	1,258	1,265	1,850	1,864	1,878	1,738	1,695	1,715	2,577	1,873	1,434	1,444	1,439	1,752	1,338	2,162	2,159	2,159	2,160	2,157	2,159	2,159	2,255	2,324	2,318	2,318	2,316	2,307	2,287	2,287	2,286	2,284	2,275	2,275	2,283	2,281	2,273	2,273	2,268	2,269	2,257	2,257	2,271	2,269	2,254	2,254	2,245	2,247	2,222	2,222	2,196	2,183	2,181	2,181	2,265	2,277	2,281	2,281	2,323	2,314	2,345	2,345	2,365	2,376	2,377	2,382	2,347	2,392	2,343	2,374	2,379	2,475	2,251	2,251	2,323	2,193	2,155	2,155	2,136	2,263	2,263	2,263	2,057	2,099	1,543	1,543	1,243	1,616	1,437	1,437	1,616	1,455	1,212	1,212	1,167	1,131	972	972	1,270	1,270	1,270	1,270	1,035	1,037	1,033	1,033	1,018	1,016	1,018	1,018	818	835	835	835	818	818	818	818	967	967	967
Common Stock Total Equity	0	0	1,138	1,138	0	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,138	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	1,071	899	899	899	899	756	756	756	756	756	756	756	756	756	756	756	756	756	756	757	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,166	15,076	15,076	15,076	15,076	14,967	14,960	14,958	14,915	14,800	14,800	13,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Deferred Revenue	5,314	26,017	27,930	29,920	28,968	33,309	35,813	37,617	37,594	40,023	41,317	43,603	44,423	30,667	28,679	42,458	31,199	30,918	30,856	33,030	34,366	29,575	31,039	32,737	36,958	28,722	29,351	30,710	32,728	0	78,849	0	30,872	0	0	0	24,002	17,870	0	0	0	0	0	0	0	62,610	0	0	0	0	0	0	32,396	0	0	33,628	30,652	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	19,044	0	0	0	0	0	0	0	0	0	0	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 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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	49,809	0	0	0	0	46,533	0	0	0	0	0	0	15,689	0	56,562	74,952	79,699	0	76,568	86,048	89,387	88,401	127,637	155,480	142,143	152,315	122,158	170,122	0	111,867	0	0	0	150,732	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	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	53,530	53,506	53,522	53,522	53,513	53,464	53,499	53,535	53,547	53,560	53,575	53,567	53,596	51,932	51,906	51,894	40,040	40,024	40,048	40,040	40,052	40,061	40,065	40,099	40,081	40,072	40,051	40,012	40,003	40,041	40,033	40,049	40,022	40,164	40,164	40,164	40,164	40,164	40,137	40,137	28,251	28,251	27,529	27,529	27,529	27,529	27,529	27,529	27,529	27,529	27,529	27,529	28,759	28,759	28,486	33,220	14,503	14,503	14,503	14,503	14,503	14,503	14,503	14,503	14,503	14,503	14,503	14,516	14,516	14,485	7,803	7,803	7,803	7,458	7,147	6,748	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	23,230	22,938	23,134	23,150	23,037	22,469	22,880	23,319	23,463	23,619	23,801	23,706	24,065	23,724	23,401	26,886	27,349	27,203	27,772	27,766	28,114	28,243	28,459	26,675	26,564	26,579	26,432	26,028	26,051	21,363	21,464	21,690	21,673	21,894	22,469	22,614	22,756	22,907	22,700	23,301	7,551	7,721	7,926	8,104	6,079	6,248	6,417	6,587	6,774	6,950	7,125	7,567	7,767	7,959	8,293	1,463	1,523	1,567	1,616	1,660	1,720	9,446	1,809	1,854	1,914	1,959	2,003	2,048	2,109	2,152	1,937	1,978	9,839	9,537	8,928	8,571	1,167	1,195	1,223	1,250	1,287	1,315	1,342	1,370	1,406	1,434	1,480	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory	2,980	3,457	3,597	3,755	3,851	3,704	3,458	4,376	3,803	3,102	3,523	2,590	2,737	2,908	3,019	4,001	4,674	4,651	5,166	6,544	7,537	6,558	6,999	7,312	7,268	6,860	7,289	7,096	6,773	6,691	6,859	7,389	7,593	6,928	6,964	6,803	7,255	6,892	6,847	7,156	6,618	6,475	6,578	6,294	6,676	6,624	6,017	6,423	6,208	5,886	6,129	6,157	5,729	6,061	6,311	8,125	7,335	6,595	7,131	7,302	7,439	6,795	7,276	7,510	7,372	7,226	7,720	7,482	7,137	7,018	6,942	6,914	6,777	6,367	6,644	6,636	6,167	6,204	6,267	5,854	5,499	5,757	5,632	5,447	5,147	5,206	5,397	5,268	4,858	5,206	5,343	5,240	5,505	5,485	5,253	5,247	5,000	4,800	4,700	4,500	4,500	4,400	4,300	4,300	4,200	4,600	4,500	4,300	3,900	3,900	4,200	3,600	3,600	3,600	3,400	3,400	2,900	3,000	3,500	3,000	-	2,800	2,800	2,900	-	2,400	-	-	-	2,300	2,600	-	2,500	2,400	-	-	-	2,000	-	-	-	1,900	-	-	-	1,800	-	-	-	1,900	-	-	-
Liabilities And Stockholders Equity	859,086	827,172	889,996	907,218	828,474	853,222	773,352	885,854	894,807	919,371	933,895	959,886	1,017,968	983,601	988,818	947,628	1,139,309	1,153,950	1,154,669	1,128,703	1,029,493	974,015	1,008,487	1,020,583	1,063,584	1,027,689	1,083,782	1,047,942	1,096,967	993,848	1,117,081	1,066,300	1,003,918	1,066,238	1,325,165	1,323,864	1,314,791	1,174,732	1,077,105	1,065,857	1,001,311	988,543	905,193	845,882	773,557	773,787	742,785	711,348	690,129	672,860	605,328	562,025	549,947	563,839	551,497	568,539	523,678	514,496	513,122	513,841	518,123	520,136	528,903	560,469	562,762	565,214	567,850	562,629	553,978	542,521	524,080	510,873	491,338	474,657	479,141	468,257	445,119	433,463	437,806	422,115	415,658	414,636	409,894	400,191	397,669	395,895	261,291	251,201	246,060	245,066	247,394	247,050	243,741	240,767	235,483	225,835	214,300	210,500	210,500	196,300	191,900	190,200	182,900	177,300	170,500	167,300	157,900	150,200	143,300	131,400	125,500	118,300	108,600	99,800	93,300	88,200	82,300	80,300	77,800	73,300	-	70,600	70,400	68,400	-	67,100	-	-	-	64,100	62,900	-	60,500	55,800	-	-	-	50,000	-	-	-	46,800	-	-	-	49,300	-	-	-	47,900	-	-	-
Long Term Debt	0	0	0	0	0	30,000	0	0	0	0	0	0	0	76,099	71,074	73,309	179,046	179,347	179,650	179,956	180,264	245,383	252,026	254,988	256,994	258,933	262,353	264,511	281,555	284,277	286,331	292,959	298,950	305,507	307,735	310,294	312,595	315,196	315,923	317,985	202,058	216,747	220,218	223,919	229,171	230,603	204,367	208,562	216,044	217,483	135,307	138,313	139,547	142,028	143,064	152,494	128,619	130,124	132,088	137,936	140,016	150,592	152,859	153,986	155,613	156,015	159,486	159,981	161,697	162,798	152,400	151,500	153,623	153,930	160,377	161,652	153,137	154,076	158,229	159,181	160,482	161,328	166,290	167,150	169,021	172,950	27,491	27,584	27,728	29,649	32,906	42,019	45,016	40,056	37,207	36,950	0	0	0	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 Debt Total	0	0	61,493	62,207	62,997	94,440	65,777	67,348	68,466	69,942	71,464	74,243	75,182	76,099	77,927	80,566	263,182	264,857	265,809	264,345	240,001	245,383	252,026	254,988	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	199,103	169,417	228,736	230,843	155,794	144,864	151,753	242,368	250,399	273,089	311,878	356,795	419,550	383,670	369,129	318,689	505,542	561,479	622,066	591,520	557,480	496,655	534,794	545,939	568,466	539,784	588,393	546,170	577,637	462,894	591,884	0	471,689	0	0	0	697,982	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	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	73,178	88,660	77,788	73,381	81,358	78,231	75,902	72,436	79,028	97,384	94,172	95,475	220,305	253,102	206,769	216,398	130,012	179,056	170,830	168,186	137,427	138,288	138,773	142,283	205,165	212,249	204,733	203,018	212,876	216,032	227,274	243,928	250,904	263,977	248,826	206,785	192,241	200,293	213,073	213,683	139,694	138,110	213,807	226,894	227,586	188,095	189,690	203,260	132,161	149,909	147,917	90,964	64,876	117,172	130,504	81,816	70,716	101,588	112,369	130,110	144,288	163,067	165,728	187,218	187,702	188,273	185,915	188,205	176,480	174,776	171,158	164,037	158,001	158,703	156,800	162,873	132,320	136,756	127,329	140,130	146,174	148,149	157,308	170,950	180,189	174,872	14,215	3,413	15,622	25,459	30,267	38,967	47,150	42,744	36,786	39,047	28,200	27,200	23,900	27,900	23,900	20,100	33,200	37,000	35,200	34,100	51,800	52,600	51,300	41,700	40,700	42,700	34,700	32,300	29,900	28,200	32,900	30,400	31,000	32,100	-	36,100	37,400	38,500	-	36,200	-	-	-	45,100	46,700	-	49,100	17,000	-	-	-	16,900	-	-	-	19,700	-	-	-	21,800	-	-	-	28,300	-	-	-
Net Invested Capital	599,330	576,404	619,954	618,445	556,966	566,485	505,736	587,297	587,696	598,566	613,492	639,140	717,089	691,268	675,850	637,473	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	22,241	25,783	22,582	27,044	29,375	25,826	26,942	22,427	28,508	23,885	17,706	16,438	19,185	16,151	18,066	17,440	21,640	16,460	8,833	8,864	15,743	13,486	11,253	12,187	16,284	11,216	9,289	8,670	14,195	8,363	9,250	9,997	17,716	13,318	14,611	17,480	19,003	15,962	11,149	9,038	6,964	7,055	7,516	7,842	6,269	7,001	7,489	8,131	5,893	4,133	9,625	11,081	5,072	5,818	9,208	10,848	6,384	7,660	8,011	6,110	5,634	15,622	4,484	4,455	5,287	6,289	6,680	5,226	4,085	5,858	5,386	3,778	3,301	2,619	3,503	4,251	4,391	4,123	3,751	3,497	3,248	3,471	3,636	2,613	3,380	2,955	2,831	2,904	3,527	13,134	5,875	4,661	8,546	6,785	3,974	2,680	3,600	11,100	2,400	5,400	3,500	10,800	2,600	3,000	4,700	4,900	3,800	3,200	3,700	5,500	3,000	1,100	2,800	5,100	2,300	3,500	2,700	2,200	1,900	1,700	-	1,300	1,400	1,100	-	900	-	-	-	700	1,100	-	600	900	-	-	-	900	-	-	-	500	-	-	-	500	-	-	-	500	-	-	-
Net Tangible Assets	0	480,960	616,354	611,945	470,416	536,485	505,736	587,297	510,686	598,566	536,116	639,140	487,167	538,218	447,243	400,410	548,909	534,293	534,542	513,548	502,289	460,114	474,206	484,933	504,683	444,667	469,258	448,934	465,886	399,475	463,017	0	389,677	0	0	0	662,631	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	41,451	13,715	31,630	32,544	15,757	31,849	12,143	24,661	21,168	17,719	10,353	18,502	-140,669	-145,263	-152,072	-167,427	5,574	-67,612	-61,537	-47,960	-8,052	-8,317	-16,997	-14,833	-22,853	-17,565	-6,877	-2,356	7,778	19,398	264	2,168	9,233	1,548	8,843	68,918	71,666	73,234	46,787	55,407	74,359	84,472	52,933	269,807	226,324	224,703	183,543	163,505	152,246	125,715	46,712	35,283	32,927	19,068	12,389	39,541	24,962	15,182	6,989	-4,406	-18,307	-15,381	-23,034	-41,529	-42,941	-46,377	-51,261	-62,006	-61,956	-52,163	-55,365	-52,656	-43,608	-39,010	-34,454	-37,234	-15,445	-13,540	-5,263	-11,222	-16,236	-22,540	-22,373	-26,732	-36,935	-31,664	-16,717	-2,393	-4,978	-4,839	-12,263	-13,202	-17,606	-22,480	-21,522	-16,401	-20,800	-16,400	-8,600	-5,200	-1,500	600	-6,600	-13,400	-15,800	-18,500	-20,600	-21,600	-22,700	-22,200	-21,800	-17,700	-20,000	-14,500	-13,700	-13,800	-11,600	-5,100	-4,100	-	-	-2,200	-2,700	-	-	-	-	-	-	-4,100	-	-	-6,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	707,554	671,852	736,920	743,862	677,820	684,594	622,925	718,057	729,998	758,820	781,616	806,230	870,190	840,674	839,297	804,845	993,918	1,063,973	1,066,922	1,036,110	914,560	868,851	908,310	922,184	950,945	926,744	971,669	935,440	969,178	858,295	991,776	946,084	877,130	952,705	1,189,788	1,142,310	1,128,338	988,464	918,634	899,695	814,254	791,057	730,361	422,245	418,785	424,790	425,263	429,413	431,480	432,276	438,473	437,702	435,435	454,008	453,759	447,370	418,454	423,781	430,496	436,881	449,327	459,200	476,381	509,318	513,626	517,017	521,482	532,854	525,613	511,601	498,242	485,924	467,180	453,619	444,745	438,245	394,813	388,063	377,317	376,760	373,680	375,380	378,810	377,274	381,638	377,267	231,477	212,931	212,698	210,899	218,192	221,890	222,451	222,149	215,661	204,270	194,100	185,400	176,200	166,000	156,900	149,800	149,500	155,100	149,700	147,300	142,700	134,300	129,100	116,300	111,400	104,600	95,800	85,300	78,800	74,400	67,000	60,900	58,000	55,200	-	54,300	53,300	52,600	-	47,700	-	-	-	51,000	50,200	-	50,300	50,100	-	-	-	42,400	-	-	-	39,900	-	-	-	42,500	-	-	-	43,400	-	-	-
Non Current Liabilities Other	348	99	99	90,135	754	1,819	1,519	1,982	462	1,800	1,777	109,063	1,680	1,203	1,685	1,976	348	13,754	1,908	2,481	0	10,165	10,509	11,269	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	148,656	128,163	152,196	155,208	138,009	171,035	129,332	155,421	163,470	177,973	178,477	185,592	164,693	157,193	164,675	158,228	383,194	394,841	403,023	406,796	336,053	332,116	348,583	355,644	356,764	397,861	429,051	418,110	445,016	416,814	467,526	456,571	434,991	466,512	472,057	480,169	474,453	422,981	411,954	411,284	303,652	310,940	301,245	292,809	246,682	248,280	222,969	228,402	235,638	233,061	159,670	161,648	162,742	161,836	164,320	172,625	145,886	146,916	148,738	148,192	149,825	160,240	160,373	165,931	167,612	166,776	167,832	169,688	171,446	172,403	164,882	163,481	165,066	161,634	166,446	165,472	153,875	154,808	160,633	161,902	163,551	164,226	171,437	172,796	174,683	178,549	39,419	39,546	38,847	40,265	40,843	49,892	52,650	47,560	44,000	43,468	33,500	33,500	35,100	34,900	35,000	35,100	34,000	38,400	36,800	35,800	51,300	46,600	45,200	36,300	36,300	37,500	30,000	28,200	26,200	24,700	32,400	36,100	36,400	36,700	-	41,000	41,600	42,300	-	45,800	-	-	-	51,300	51,700	-	51,400	16,100	-	-	-	18,300	-	-	-	22,000	-	-	-	23,400	-	-	-	25,800	-	-	-
Non Currrent Assets Other	7,733	8,678	9,073	9,911	10,012	10,761	10,483	10,686	10,700	11,132	11,353	13,715	14,025	14,037	12,700	12,542	10,641	13,839	13,970	14,070	14,198	22,287	17,201	17,846	22,479	22,416	13,625	13,653	13,223	14,505	14,183	9,770	11,422	11,742	12,038	12,496	13,561	14,008	13,849	13,593	11,163	11,239	8,271	8,580	8,859	9,109	9,173	9,615	8,404	7,278	5,954	6,647	7,170	7,612	7,894	8,420	8,391	8,076	8,180	7,673	9,433	2,561	9,500	7,434	7,672	7,945	7,918	7,978	8,140	4,822	5,798	5,559	4,983	4,462	13,676	3,500	5,239	5,195	8,600	12,611	9,203	14,501	13,543	11,758	16,462	17,546	13,624	3,822	4,062	3,881	3,919	2,190	2,336	2,451	2,794	3,035	3,300	3,500	3,700	3,800	3,300	3,500	3,600	3,900	4,200	4,500	4,700	4,900	5,300	5,600	6,400	6,700	7,100	7,200	7,900	8,300	8,900	9,200	2,100	2,300	-	10,800	11,400	11,900	-	12,600	-	-	-	12,500	13,100	-	11,600	11,100	-	-	-	600	-	-	-	5,000	-	-	-	2,200	-	-	-	1,400	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	9,253	0	8,923	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,678	9,073	9,911	10,012	10,761	10,483	10,686	10,700	11,132	11,353	13,715	476,407	14,037	12,700	12,542	10,641	13,839	13,970	14,070	14,198	18,187	17,201	17,846	655,145	626,251	665,862	625,863	656,914	538,803	667,564	617,991	544,806	612,720	844,251	791,943	774,463	634,317	565,717	554,141	466,688	444,910	381,205	70,597	66,197	68,152	67,211	67,334	64,094	60,540	62,845	59,568	53,587	67,827	66,038	54,761	24,417	24,146	24,299	23,836	25,656	26,510	25,935	23,791	24,089	24,407	24,424	24,542	24,765	21,459	15,538	15,340	14,822	13,999	13,676	12,071	5,239	5,195	4,910	10,089	10,490	10,780	11,083	9,241	13,878	13,466	14,180	2,850	3,022	2,789	2,766	969	996	997	1,243	1,317	0	0	0	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 Current Assets	6,366	7,722	7,757	13,542	10,495	13,147	7,744	8,067	7,088	6,763	6,744	6,763	6,492	5,622	7,213	6,809	6,449	6,042	4,610	5,374	9,236	8,985	9,166	9,299	7,221	5,978	7,635	7,474	8,716	8,646	7,501	8,354	21,206	9,087	10,615	10,859	7,707	17,601	10,035	7,267	3,284	3,290	6,612	3,929	2,996	2,798	6,111	6,393	3,285	3,237	4,041	3,588	3,253	4,453	4,494	4,561	3,225	4,421	5,488	4,581	27,185	28,404	35,692	34,145	31,119	20,480	24,909	11,378	9,019	6,021	7,147	7,182	7,997	6,389	7,020	6,645	7,660	6,702	7,489	5,114	6,167	1,814	946	1,825	2,171	1,805	1,585	1,205	4,667	3,327	10,348	7,110	4,572	4,170	6,486	11,965	8,900	5,200	18,300	15,200	17,400	11,500	24,700	12,600	9,400	7,800	5,600	7,600	5,900	5,100	5,000	7,900	4,900	4,400	7,100	5,100	4,800	3,900	4,400	4,100	-	3,400	4,800	4,100	-	3,500	-	-	-	1,800	1,400	-	2,000	1,800	-	-	-	1,900	-	-	-	1,200	-	-	-	1,400	-	-	-	1,600	-	-	-
Other Current Liab	68,483	59,144	48,343	47,351	50,517	39,429	37,653	37,478	41,073	38,955	37,469	35,066	36,939	46,178	48,871	35,063	27,979	28,349	37,906	30,264	29,718	30,495	32,482	25,843	51,170	44,930	45,982	40,459	46,193	76,858	530	74,853	43,557	68,360	72,581	65,647	41,474	46,570	55,001	56,860	51,524	59,514	63,804	94,037	57,898	10,623	65,645	52,769	41,233	54,220	59,784	37,770	14,250	41,304	36,464	17,500	18,500	30,381	32,018	31,515	30,272	31,685	31,528	30,948	29,671	32,624	34,644	32,332	31,943	38,023	34,268	36,129	27,406	30,908	35,796	33,755	31,610	29,872	33,376	30,514	28,422	32,718	29,953	25,448	23,328	28,388	29,216	23,051	54	20,492	23,312	20,908	18,673	20,201	24,004	19,918	17,900	19,100	22,100	20,300	19,700	22,100	23,700	21,200	20,000	22,100	20,300	17,400	16,700	17,500	17,200	14,900	14,200	14,400	14,400	12,300	11,400	12,700	11,500	10,100	-	9,100	10,100	9,000	-	11,000	-	-	-	9,800	9,800	-	9,200	15,600	-	-	-	12,100	-	-	-	9,400	-	-	-	11,500	-	-	-	8,200	-	-	-
Other Liab	0	39,716	62,597	0	46,165	45,055	29,937	54,265	58,991	70,024	72,869	76,529	53,048	41,229	40,255	27,317	66,741	70,316	76,860	82,180	96,052	86,733	96,557	100,656	11,369	11,291	11,218	11,456	11,146	10,379	11,073	10,999	10,911	10,890	11,061	11,467	11,126	11,023	10,017	10,304	9,993	9,668	9,440	9,307	9,069	9,002	8,893	9,754	9,150	8,914	8,433	10,127	10,364	9,499	9,108	9,377	7,589	7,404	6,792	6,657	7,225	7,439	7,514	7,085	7,128	5,701	8,346	4,407	4,199	3,805	3,484	2,984	11,443	2,221	2,041	1,860	1,407	1,272	17	18	22	22	128	625	617	537	5,264	5,344	11,119	4,621	7,936	7,874	0	3,843	0	0	0	0	0	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 Stockholder Equity	-30,748	-27,486	-25,336	-28,131	-27,892	-3,777	-26,693	-19,933	-20,063	-14,014	-9,806	-4,780	-7,829	2,335	8,112	8,020	6,931	6,200	6,397	7,559	7,673	7,813	8,284	-12,178	6,157	15,874	16,205	17,566	19,020	18,193	21,778	27,069	37,998	38,388	284,631	289,163	293,438	297,393	183,709	183,706	193,894	193,894	85,557	51,622	49,845	52,489	50,215	48,168	51,853	54,000	49,532	46,102	47,606	53,566	54,807	122,542	122,820	108,852	361,206	355,398	346,686	345,968	344,477	338,641	329,166	323,694	325,319	314,912	304,476	297,949	291,321	291,769	282,599	94,894	94,628	94,395	92,672	90,166	89,685	89,475	87,864	85,529	85,603	85,517	84,736	85,037	94,806	97,388	102,340	103,770	109,036	109,019	108,992	112,373	112,785	113,382	114,800	115,700	91,400	171,500	168,500	165,600	162,700	160,500	155,800	154,800	134,700	132,300	128,600	103,500	111,200	109,900	107,600	87,900	86,000	84,600	72,400	63,400	62,600	61,300	-	51,700	50,400	49,300	-	39,900	-	-	-	36,500	35,600	-	34,000	37,400	-	-	-	30,000	-	-	-	35,000	-	-	-	31,400	-	-	-	28,800	-	-	-
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	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	832,741	838,335	388,777	392,904	850,962	414,497	343,878	347,609	0	352,822	381,009	358,447	358,954	367,311	382,161	394,834	410,346	421,428	363,066	362,714	274,716	281,605	287,791	291,625	295,800	300,493	305,807	309,577	312,264	319,492	324,212	328,093	332,324	339,985	345,537	350,367	353,875	354,147	352,917	345,554	347,566	346,147	349,156	351,648	352,588	356,638	358,052	362,079	367,386	371,736	375,628	378,134	381,848	386,181	387,721	392,609	394,037	399,635	406,197	413,045	423,671	432,690	450,446	485,527	489,537	492,610	497,058	508,312	500,848	490,142	482,704	470,584	452,358	439,620	431,069	426,174	389,574	382,868	368,717	362,898	363,190	360,879	363,925	364,146	363,769	359,722	216,373	209,109	208,636	207,018	214,273	219,700	220,115	219,698	212,867	201,235	190,800	181,900	172,500	162,200	153,600	146,300	145,900	151,200	145,500	142,800	138,000	129,400	123,800	110,700	105,000	97,900	88,700	78,100	70,900	66,100	58,100	51,700	55,900	52,900	-	43,500	41,900	40,700	-	35,100	-	-	-	38,500	37,100	-	38,700	39,000	-	-	-	41,800	-	-	-	34,900	-	-	-	40,300	-	-	-	42,000	-	-	-
Property Plant And Equipment Net	412,706	417,313	422,455	426,436	435,464	453,036	384,310	388,149	391,889	397,420	381,009	358,447	358,954	367,311	382,161	394,834	410,346	421,428	363,066	362,714	274,716	281,605	287,791	291,625	295,800	300,493	305,807	309,577	312,264	319,492	324,212	328,093	332,324	339,985	345,537	350,367	353,875	354,147	352,917	345,554	347,566	346,147	349,156	351,648	352,588	356,638	358,052	362,079	367,386	371,736	375,628	378,134	381,848	386,181	387,721	392,609	394,037	399,635	406,197	413,045	423,671	432,690	450,446	485,527	489,537	492,610	497,058	508,312	500,848	490,142	482,704	470,584	452,358	439,620	431,069	426,174	389,574	382,868	368,717	362,898	363,190	360,879	363,925	364,146	363,769	359,722	216,373	209,109	208,636	207,018	214,273	219,700	220,115	219,698	212,867	201,235	190,800	181,900	172,500	162,200	153,600	146,300	145,900	151,200	145,500	142,800	138,000	129,400	123,800	110,700	105,000	97,900	88,700	78,100	70,900	66,100	58,100	51,700	55,900	52,900	-	43,500	41,900	40,700	-	35,100	-	-	-	38,500	37,100	-	38,700	39,000	-	-	-	41,800	-	-	-	34,900	-	-	-	40,300	-	-	-	42,000	-	-	-
Property Plant Equipment	0	417,313	388,777	392,904	435,464	414,497	343,878	347,609	391,889	352,822	381,009	317,432	316,122	320,966	382,161	394,834	410,346	421,428	363,066	362,714	274,716	281,605	287,791	291,625	295,800	300,493	305,807	309,577	312,264	319,492	324,212	328,093	332,324	339,985	345,537	350,367	353,875	354,147	352,917	345,554	347,566	346,147	349,156	351,648	352,588	356,638	358,052	362,079	367,386	371,736	375,628	378,134	381,848	386,181	387,721	392,609	394,037	399,635	406,197	413,045	423,671	432,690	450,446	485,527	489,537	492,610	497,058	508,312	500,848	490,142	482,704	470,584	452,358	439,620	431,069	426,174	391,930	385,258	372,407	366,671	363,191	364,600	367,727	368,032	367,760	363,801	217,297	210,080	209,676	208,110	215,425	220,921	221,455	221,152	214,417	202,953	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	631,458	586,818	643,332	641,396	576,510	566,455	534,450	608,230	608,528	613,351	624,020	644,757	573,050	536,721	515,620	473,154	611,039	597,434	597,451	575,477	564,160	521,712	535,415	563,780	565,504	496,038	520,738	499,612	515,433	444,533	504,662	467,145	415,982	451,132	441,834	441,808	431,825	340,775	368,621	359,027	364,830	348,339	365,429	258,725	256,545	251,983	248,566	243,713	239,185	230,390	219,609	210,933	205,288	195,825	187,423	178,732	173,208	167,731	164,349	160,546	158,293	161,733	170,918	180,715	183,525	185,024	183,497	183,373	177,381	173,216	165,720	158,405	149,874	145,215	136,559	128,788	120,907	115,776	108,128	100,711	92,704	88,114	84,505	77,415	70,577	67,175	65,789	59,021	52,225	47,878	42,095	36,084	30,044	26,082	23,905	17,900	12,400	7,500	29,100	23,000	19,000	14,300	8,700	3,400	-1,500	-5,400	-10,000	-14,500	-18,300	1,300	-2,500	-6,200	-9,000	6,400	3,300	400	-1,500	3,000	900	-1,200	-	1,700	100	-1,400	-	1,000	-	-	-	-4,600	-6,000	-	-7,200	18,400	-	-	-	18,300	-	-	-	17,200	-	-	-	16,400	-	-	-	14,400	-	-	-
Retained Earnings Total Equity	0	0	643,332	641,396	0	566,455	534,450	608,230	608,528	613,351	624,020	644,757	573,050	536,721	515,620	473,154	0	597,434	597,451	575,477	0	521,712	535,415	563,780	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	19,000	3,600	6,500	10,000	0	0	0	0	0	0	0	152,261	153,050	158,468	163,083	5,470	5,365	5,290	4,995	1,257	1,266	1,276	1,285	1,294	1,228	269,402	7,067	1,181	7,160	7,303	0	1,216	0	0	0	1,913	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	101,244	122,653	108,669	112,744	118,825	143,073	116,414	118,213	121,377	125,179	122,384	123,913	244,808	286,266	243,207	249,679	197,784	198,114	198,492	199,279	185,984	186,633	187,184	187,727	263,742	265,919	269,402	271,578	288,684	291,437	293,634	300,509	307,427	314,394	316,833	319,572	321,910	324,583	325,589	326,653	218,154	232,736	236,165	245,925	259,716	248,454	236,161	240,302	247,582	248,896	165,238	160,178	144,302	164,735	165,661	157,032	132,907	152,983	150,212	165,120	169,924	169,922	167,349	188,798	189,706	189,770	189,789	190,516	181,632	179,596	174,921	168,512	161,484	161,766	171,438	172,762	161,051	161,906	167,819	168,750	169,976	172,944	174,974	175,782	182,148	180,158	31,902	32,014	32,142	34,174	37,504	46,716	49,818	44,922	40,895	40,719	30,900	31,200	32,800	33,100	33,500	33,800	35,000	39,300	37,700	36,800	53,100	53,400	52,000	42,300	42,600	43,800	36,200	33,700	31,600	30,000	37,800	40,700	41,000	41,400	-	44,900	45,500	46,200	-	48,800	-	-	-	53,400	54,300	-	54,200	17,600	-	-	-	19,700	-	-	-	23,000	-	-	-	24,900	-	-	-	28,800	-	-	-
Short Term Debt	14,855	34,206	19,070	22,609	26,981	17,093	17,019	17,057	16,898	17,230	16,776	14,850	169,626	170,302	172,133	176,370	18,738	18,767	18,842	19,323	5,720	6,058	6,296	6,524	6,748	6,986	7,049	7,067	7,129	7,160	7,303	7,550	8,477	8,887	9,098	9,278	9,315	9,387	9,666	8,668	16,096	15,989	15,947	22,006	30,545	17,851	31,794	31,740	31,538	31,413	29,931	21,865	4,755	22,707	22,597	4,538	4,288	22,859	18,124	27,184	29,908	19,330	14,490	34,812	34,093	33,755	30,303	30,535	19,935	16,798	22,521	17,012	7,861	7,836	11,061	11,110	10,545	10,505	9,590	9,570	9,494	11,616	8,685	8,631	13,127	7,209	4,410	4,429	4,414	4,524	4,597	4,698	4,803	4,866	3,688	3,770	3,900	4,000	2,600	2,600	2,600	2,600	2,100	2,100	2,100	2,100	2,100	7,100	7,100	6,300	6,300	6,200	6,200	5,400	5,400	5,400	5,400	4,600	4,600	4,700	-	3,900	3,900	3,900	-	3,100	-	-	-	2,200	2,600	-	3,000	1,600	-	-	-	1,600	-	-	-	1,600	-	-	-	1,500	-	-	-	3,100	-	-	-
Short Term Investments	91,879	84,365	88,259	79,652	69,466	70,032	71,771	87,150	83,061	99,006	96,094	99,427	94,861	85,082	84,785	81,252	44,856	43,766	41,476	40,718	33,860	27,790	24,348	24,157	23,289	23,221	23,231	20,702	22,297	22,702	21,261	23,340	23,750	21,079	21,586	21,377	10,800	21,523	9,471	21,509	91,270	85,479	131,207	386,080	305,634	269,858	245,691	217,743	118,704	115,321	124,559	28,943	7,435	32,523	26,549	5,806	22,179	3,001	0	21,055	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	466	466	621	0	1,109	949	440	5,436	611	611	520	0	3,497	3,492	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	859,086	827,172	889,996	907,218	828,474	862,145	773,352	885,854	894,807	919,371	933,895	959,886	1,017,968	983,601	988,818	947,628	1,139,309	1,153,950	1,154,669	1,128,703	1,029,493	974,015	1,008,487	1,020,583	1,063,584	1,027,689	1,083,782	1,047,942	1,096,967	993,848	1,117,081	1,066,300	1,003,918	1,066,238	1,325,165	1,323,864	1,314,791	1,174,732	1,077,105	1,065,857	1,001,311	988,543	905,193	845,882	773,557	773,787	742,785	711,348	690,129	672,860	605,328	562,025	549,947	563,839	551,497	568,539	523,678	514,496	513,122	513,841	518,123	520,136	528,903	560,469	562,762	565,214	567,850	562,629	553,978	542,521	524,080	510,873	491,338	474,657	479,141	468,257	445,119	433,463	437,806	422,115	415,658	414,636	409,894	400,191	397,669	395,895	261,291	251,201	246,060	245,066	247,394	247,050	243,741	240,767	235,483	225,835	214,300	210,500	210,500	196,300	191,900	190,200	182,900	177,300	170,500	167,300	157,900	150,200	143,300	131,400	125,500	118,300	108,600	99,800	93,300	88,200	82,300	80,300	77,800	73,300	-	70,600	70,400	68,400	-	67,100	-	-	-	64,100	62,900	-	60,500	55,800	-	-	-	50,000	-	-	-	46,800	-	-	-	49,300	-	-	-	47,900	-	-	-
Total Current Assets	151,532	155,320	153,076	163,356	150,654	177,551	150,427	167,797	164,809	160,551	152,279	153,656	147,778	142,927	149,521	142,783	145,391	89,977	87,747	92,593	114,933	105,164	100,177	98,399	112,639	100,945	112,113	112,502	127,789	135,553	125,305	120,216	126,788	113,533	135,377	181,554	186,453	186,268	158,471	166,162	187,057	197,486	174,832	423,637	354,772	348,997	317,522	281,935	258,649	240,584	166,855	124,323	114,512	109,831	97,738	121,169	105,224	90,715	82,626	76,960	68,796	60,936	52,522	51,151	49,136	48,197	46,368	29,775	28,365	30,920	25,838	24,949	24,158	21,038	34,396	30,012	50,306	45,400	60,489	45,355	41,977	39,256	31,084	22,918	16,031	18,628	29,814	38,271	33,362	34,167	29,203	25,160	21,290	18,618	19,823	21,565	20,200	25,100	34,300	30,300	35,000	40,400	33,400	22,200	20,800	20,000	15,200	15,900	14,200	15,100	14,100	13,700	12,800	14,500	14,500	13,800	15,300	19,400	19,800	18,100	-	16,300	17,100	15,800	-	19,400	-	-	-	13,100	12,700	-	10,200	5,700	-	-	-	7,600	-	-	-	6,900	-	-	-	6,800	-	-	-	4,500	-	-	-
Total Current Liabilities	111,100	141,605	121,446	130,812	134,897	145,702	138,284	143,136	143,641	142,832	141,926	135,154	288,447	288,190	301,593	310,210	139,817	157,589	149,284	140,553	122,985	113,481	117,174	113,232	135,492	118,510	118,990	114,858	120,011	116,155	125,041	118,048	117,555	111,985	126,534	112,636	114,787	113,034	111,684	110,755	112,698	113,014	121,899	153,830	128,448	124,294	133,979	118,430	106,403	114,869	120,143	89,040	81,585	90,763	85,349	81,628	80,262	75,533	75,637	81,366	87,103	76,317	75,556	92,680	92,077	94,574	97,629	91,781	90,321	83,083	81,203	77,605	67,766	60,048	68,850	67,246	65,751	58,940	65,752	56,577	58,213	61,796	53,457	49,650	52,966	50,291	46,530	40,664	38,340	39,006	41,466	38,362	38,896	41,098	41,345	37,966	41,000	41,500	42,900	35,500	36,500	39,800	40,000	35,600	36,600	38,500	35,800	37,500	36,900	37,300	35,900	31,400	32,800	29,000	28,200	27,600	26,900	24,500	23,900	21,400	-	18,500	19,800	18,800	-	19,500	-	-	-	17,200	17,100	-	16,400	17,200	-	-	-	13,700	-	-	-	11,000	-	-	-	13,000	-	-	-	11,300	-	-	-
Total Liab	259,756	269,768	273,642	286,020	272,906	316,737	267,616	298,557	307,111	320,805	320,403	320,746	453,140	445,383	466,268	468,438	523,011	552,430	552,307	547,349	459,038	445,597	465,757	468,876	492,256	516,371	548,041	532,968	565,027	532,969	592,567	574,619	552,546	578,497	598,591	592,805	589,240	536,015	523,638	522,039	416,350	423,954	423,144	446,639	375,130	372,574	356,948	346,832	342,041	347,930	279,813	250,688	244,327	252,599	249,669	254,253	226,148	222,449	224,375	229,558	236,928	236,557	235,929	258,611	259,689	261,350	265,461	261,469	261,767	255,486	246,085	241,086	232,832	221,682	235,296	232,718	219,626	213,748	226,385	218,480	221,764	226,021	224,894	222,446	227,649	228,840	85,949	80,209	77,187	79,270	82,309	88,255	91,546	88,658	85,345	81,433	74,500	75,000	78,000	70,400	71,500	74,900	74,000	74,000	73,400	74,300	87,100	84,100	82,100	73,600	72,200	68,900	62,800	57,200	54,400	52,300	59,300	60,600	60,300	58,100	-	59,500	61,400	61,100	-	65,300	-	-	-	68,500	68,800	-	67,800	33,300	-	-	-	32,000	-	-	-	33,000	-	-	-	36,400	-	-	-	37,100	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Stockholder Equity	599,330	557,404	616,354	611,945	546,966	536,485	505,736	587,297	587,696	598,566	613,492	639,140	564,828	538,218	522,550	479,190	616,298	601,520	602,362	581,354	570,455	528,418	542,730	551,707	571,328	511,318	535,741	514,974	531,940	460,879	524,514	491,681	451,372	487,741	726,574	731,059	725,551	638,717	553,467	543,818	584,961	564,589	482,049	399,243	345,153	349,125	332,186	309,694	298,083	279,678	275,206	258,516	254,214	248,995	242,392	302,282	297,352	291,861	288,747	284,283	281,195	283,579	292,974	301,858	303,073	303,864	302,389	301,160	292,211	287,035	277,995	269,787	258,506	252,975	243,845	235,539	225,493	219,715	211,421	203,635	193,894	188,614	184,999	177,746	170,020	167,055	175,341	170,992	168,873	165,796	165,086	158,795	152,195	152,108	150,138	144,401	139,800	135,500	132,500	125,900	120,400	115,300	108,900	103,300	97,100	93,000	70,800	66,100	61,200	57,800	53,300	49,400	45,800	42,600	38,900	35,900	23,000	19,700	17,500	15,200	-	11,100	9,000	7,300	-	1,800	-	-	-	-4,400	-5,900	-	-7,300	22,500	-	-	-	18,000	-	-	-	13,800	-	-	-	12,900	-	-	-	10,800	-	-	-
Treasury Stock	0	0	-410,930	-409,919	0	-409,119	-408,481	-401,721	-401,851	-395,802	-391,594	-386,568	-389,617	-379,453	-373,676	-373,768	-374,857	-375,704	-375,507	-374,345	-374,231	-374,091	-373,620	-394,153	-375,857	-366,140	-365,809	-364,448	-362,886	-373,652	-370,070	-364,779	-353,855	-353,465	-107,245	-102,713	-98,439	-94,485	-86,101	-86,104	-75,916	-75,916	-64,895	-90,536	-90,545	-90,546	-90,546	-90,567	-90,569	-90,569	-90,569	-90,492	-89,967	-89,955	-88,551	-21,151	-20,479	-20,430	-20,036	-20,208	-20,816	-21,846	-20,323	-21,943	-22,601	-22,741	-20,939	-21,271	-25,012	-25,207	-25,409	-25,235	-28,662	-29,106	-29,258	-29,492	-31,215	-33,621	-33,703	-33,914	-35,525	-37,650	-37,732	-37,817	-38,598	-38,297	-28,675	-26,093	-20,182	-18,752	-13,644	-13,661	-12,510	-9,040	-8,246	-7,136	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31
Begin Period Cash Flow	37,467	43,687	29,666	70,696	55,010	67,230	75,833	56,523	129,669	94,626	60,359	98,987	47,563	51,395	6,855	1,497	4,820	3,063	25,150	24,795	5,286	8,715	2,178	4,005	13,700	2,700	600	1,400	10,300	8,800	12,600	8,300	600
Capital Expenditures	23,405	29,746	64,549	20,702	17,679	17,796	8,034	12,030	11,083	35,812	14,167	8,675	13,018	8,650	5,751	31,443	68,643	90,438	63,622	46,278	30,707	41,351	37,199	73,462	67,000	51,400	52,200	46,200	42,900	20,600	14,800	6,800	6,400
Cash And Cash Equivalents Changes	0	0	14,021	-41,030	0	0	0	0	0	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	160,029	149,109	0	0	0	0	0	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	-9,401	-4,882	14,021	-41,030	15,686	-12,220	-8,603	19,285	-73,146	29,664	34,267	-38,628	51,424	-3,832	44,540	5,358	-3,323	1,757	-22,087	355	19,508	-3,429	6,537	-1,827	-9,700	11,000	2,000	-700	-9,000	1,400	-3,800	4,400	7,800
Change In Working Capital	-3,638	-12,719	-9,780	-24,735	-2,131	-12,043	13,069	8,304	7,260	-6,235	639	-4,264	15,004	12,662	2,808	-4,709	-9,178	8,198	1,495	-5,550	2,286	9,838	-1,524	2,079	-1,600	-100	-300	3,400	1,700	2,100	-2,500	200	2,100
Change Receivables	0	0	0	0	0	0	0	0	0	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	5,783	3,339	-9,324	7,014	3,669	-359	-2,235	4,280	686	-8,621	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 Inventory	0	-3,339	9,324	-7,014	-3,669	0	0	0	0	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 Liabilities	0	-24,581	-592	-32,482	-16,250	-12,220	15,036	3,908	4,275	6,408	3,764	10,491	12,918	8,834	0	0	0	12,230	855	0	6,253	6,457	0	216	0	0	0	0	0	0	0	0	0
Change To Netincome	0	136,119	173,019	6,696	20,856	-5,989	-58,808	-67,331	36,300	-95,824	0	0	0	0	0	0	0	0	0	0	0	2,768	492	212	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	8,523	136	733	10,450	536	268	116	2,299	-2,661	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	38,979	36,443	30,050	32,222	29,578	19,318	21,448	22,925	24,780	24,905	25,250	26,424	28,361	29,258	31,369	33,659	32,185	28,967	26,945	24,710	24,169	23,095	17,481	16,415	14,100	15,800	14,200	11,800	9,000	7,500	5,700	5,400	5,100
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	845	7,919	0	0	0	0	0	0	0	0	12	0	0	0	0	0	0	0	0	18,500
End Period Cash Flow	28,066	38,805	43,687	29,666	70,696	55,010	67,230	75,808	56,523	124,290	94,626	60,359	98,987	47,563	51,395	6,855	1,497	4,820	3,063	25,150	24,795	5,286	8,715	2,178	4,000	13,700	2,600	700	1,300	10,200	8,800	12,700	8,400
Exchange Rate Changes	0	0	-64	10	0	0	0	0	0	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	49,597	98,079	164,218	96,854	76,004	2,882	17,746	51,319	41,414	-8,237	24,625	41,291	58,559	59,968	46,558	-7,013	-25,212	-20,860	657	1,112	19,995	13,664	2,934	-34,600	-33,600	-14,700	-22,000	-17,400	-21,900	-2,800	-6,000	2,800	3,900
Investments	-66,080	-136,605	-4,077	-6,883	-69,982	-25,290	-11,548	-28,795	-102,352	-90,168	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
Net Borrowings	0	3,860	-156,157	-23,279	-8,010	-7,579	-23,030	-15,295	-12,529	97,846	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	54,948	-32,305	35,478	-37,989	45,380	19,392	50,071	99,451	-15,843	28,804	142,172	24,745	33,964	29,421	5,998	-22,979	11,808	28,001	30,222	27,662	20,939	23,089	21,795	18,594	18,700	19,700	16,100	13,000	10,000	7,200	5,200	4,200	3,300
Other Cashflows From Financing Activities	-10,000	30,000	-156,157	500	-8,010	49	30	64	222	224,770	15,790	129,741	291,197	1,229	15,965	-3,622	11,462	17,814	-13,754	-11,137	-7,214	6,193	-10,428	14,167	-2,300	-2,500	-5,000	8,900	5,700	-3,600	500	-4,200	19,200
Other Cashflows From Investing Activities	0	-106,859	6,024	-101,902	-52,303	-7,494	-3,514	-16,765	-102,217	3,098	0	0	3,343	3,903	0	0	0	0	0	0	1,632	2,352	26,603	22,096	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-36,085	151,988	167,750	160,274	59,401	-3,836	5,513	-105,816	62,776	-29,063	-201,830	4,900	-6,702	-1,120	2,796	17,514	8,498	4,457	3,848	338	5,200	289	-58	339	100	-200	0	200	0	-100	-100	100	0
Sale Purchase Of Stock	0	0	0	0	0	49	30	64	222	85,900	0	-8	0	-38,411	-203	0	0	-312	0	0	-988	-19,702	-10,360	-5,305	0	0	0	0	0	0	0	0	-100
Stock Based Compensation	12,231	0	0	0	0	0	0	0	0	0	526	888	950	1,735	2,881	3,138	601	911	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-16,132	3,860	-156,157	-29,109	-8,010	-7,530	-23,000	-15,231	-12,307	172,865	56,343	-709	69,350	-41,026	-12,718	-2,480	13,356	19,493	-11,493	-9,019	-6,781	-12,335	-19,499	10,677	-700	-1,200	12,500	10,100	6,200	-2,900	500	-4,000	800
Total Cash From Operating Activities	73,002	127,825	228,767	117,556	93,683	20,678	25,780	63,349	52,497	27,575	38,792	49,966	71,577	68,618	52,309	24,430	43,431	69,578	64,279	47,390	50,703	55,015	40,133	38,862	33,400	36,700	30,200	28,800	21,000	17,800	8,800	9,600	10,300
Total Cashflows From Investing Activities	0	-136,605	-58,525	-129,487	-69,982	-25,290	-11,548	-28,795	-113,300	-163,512	0	0	0	0	4,949	0	0	0	0	0	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	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1993-09-30	1993-06-30	1991-09-30	1990-12-31
Begin Period Cash Flow	33,993	32,469	40,951	38,805	66,180	41,850	47,115	43,687	30,458	30,875	33,601	29,666	38,588	41,862	36,205	70,696	25,561	34,115	37,546	55,010	58,007	57,064	54,097	67,230	62,323	64,669	68,560	75,808	75,405	66,360	56,581	56,523	50,417	68,007	112,787	129,669	124,290	112,516	112,970	78,460	94,626	22,358	19,031	32,130	60,359	46,471	37,042	115,421	98,987	17,321	69,214	79,426	47,563	35,157	75,216	62,191	51,395	37,843	35,010	25,636	6,855	1,621	1,580	2,004	1,497	3,874	2,311	5,152	4,820	3,763	4,475	3,483	3,063	14,638	9,889	28,731	25,150	40,491	28,620	23,802	24,795	17,666	4,832	1,959	5,286	17,687	28,600	16,520	8,715	7,236	7,749	2,667	2,178	4,109	1,673	2,700	4,000	8,900	4,800	9,700	13,700	0	0	2,600	2,700	600	0	700	600	800	0	1,600	1,400	0	0	4,900	10,300	900	800	400	800	5,100	600
Capital Expenditures	6,495	6,353	4,628	5,929	6,309	7,024	7,120	9,293	18,063	19,648	19,391	7,447	7,405	3,257	3,567	6,473	9,322	2,119	2,674	3,564	7,396	3,182	4,766	2,452	1,790	1,465	2,789	1,990	5,235	2,454	1,482	2,859	2,667	2,314	2,615	3,487	8,816	9,454	11,555	10,302	4,501	3,746	2,895	6,344	1,182	1,871	2,102	2,725	1,977	2,497	2,965	5,505	2,051	1,884	2,118	1,580	3,068	2,606	533	638	1,974	2,931	4,654	10,455	13,403	12,450	14,781	17,739	23,673	24,640	17,900	31,010	16,888	2,664	27,271	20,914	12,773	17,234	11,172	10,461	7,411	6,763	6,104	6,662	11,178	13,663	11,396	8,518	7,773	8,875	6,873	11,288	10,163	19,488	15,377	22,197	16,400	19,200	19,300	16,200	12,300	14,200	16,000	13,600	7,600	9,700	12,000	15,200	15,300	11,100	8,900	13,400	12,800	13,400	8,400	13,300	7,800	6,300	5,700	3,500	2,600	2,500	2,300
Cash And Cash Equivalents Changes	0	0	-8,572	2,138	0	24,392	-5,200	3,451	13,144	-356	-2,724	3,957	-8,922	-3,274	5,657	-34,491	0	-8,522	-3,439	-17,459	0	951	3,057	-13,168	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	46,700	0	4,500	-12,391	14,350	8,403	149,667	-38,452	-13,508	-18,864	219,933	0	-2,725	-34,216	-34,101	0	18,379	8,432	-2,374	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-5,927	3,112	-8,482	2,146	-27,375	24,330	-5,265	3,428	13,229	-417	-2,726	3,935	-8,922	-3,274	5,657	-34,491	45,135	-8,554	-3,431	-17,464	-2,997	943	2,967	-13,133	4,907	-2,346	-3,891	-7,248	403	9,045	9,779	58	6,106	-17,590	-44,780	-16,882	5,385	11,774	-454	34,510	-16,166	72,268	3,327	-13,099	-28,229	13,888	9,429	-78,379	16,434	81,666	-51,893	-10,212	31,863	12,406	-40,059	13,025	10,796	13,552	2,833	9,374	18,781	5,234	41	-424	507	-2,377	1,563	-2,841	332	1,057	-712	992	420	-11,575	4,749	-18,842	3,581	-15,341	11,870	4,818	-993	7,128	12,834	2,873	-3,327	-12,401	-10,913	12,081	7,804	1,479	-513	5,082	490	-1,932	2,437	-1,027	-1,300	-4,900	4,100	-4,500	-4,000	11,900	-500	-300	-100	1,300	600	0	100	-1,300	800	-400	200	-400	0	-3,200	-5,400	200	900	800	400	800	4,500
Change In Working Capital	-8,480	5,965	-4,159	3,036	-15,931	1,505	-5,759	7,466	-3,511	-135	-4,163	-1,971	-4,567	-11,682	-1,946	-6,540	-25,093	-1,541	10,214	14,289	5,932	-6,596	3,618	-14,997	11,894	-1,531	2,879	-173	1,316	-9,402	9,109	7,281	3,673	-12,417	17,991	-1,987	-1,233	926	-4,385	2,134	-4,910	-2,508	6,114	1,776	-4,743	-7,234	17,998	-3,677	-11,351	10,959	5,266	-2,913	1,692	2,782	7,508	-4,701	7,073	-3,309	651	-4,094	9,560	-4,470	1,844	-2,193	110	-3,144	3,763	-14,060	4,263	5,760	-2,824	3,359	1,903	-5,260	623	392	5,740	-8,597	6,138	-1,680	-1,411	2,675	2,158	1,751	-4,297	2,332	2,682	3,555	1,269	-1,378	2,013	-206	-1,953	1,941	1,930	-2,191	400	3,100	3,700	-3,100	-5,300	-600	4,500	-1,700	-2,300	1,100	1,900	-200	-3,100	1,600	2,300	-1,600	1,100	1,600	-500	600	-6,500	-600	1,900	200	100	700	-200
Change Receivables	0	0	2,983	2,006	0	5,950	-3,343	4,633	0	1,571	-790	2,827	0	2,104	7,860	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	342	452	2,983	2,006	-3,901	5,950	-3,343	4,633	-12,932	1,571	2,037	7,014	7,014	2,104	395	7,465	-5,148	-455	1,430	7,842	-3,367	-1,809	956	3,861	-2,235	-1,456	-946	5,202	4,280	1,055	1,277	0	686	0	0	0	-8,621	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Inventory	0	0	0	0	3,901	0	0	0	-9,324	0	0	7,014	7,014	0	0	7,465	0	-455	1,430	7,842	0	-1,809	956	3,861	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Liabilities	0	5,513	-7,142	1,030	-20,553	-4,445	-2,416	2,833	9,285	-1,706	-4,276	-3,895	-1,395	-13,996	-1,195	-15,896	-31,636	190	8,802	6,394	9,346	-4,158	2,571	-19,979	15,036	-216	3,476	-5,261	3,908	-8,453	8,027	1,443	4,275	0	12,514	0	3,026	2,290	0	345	0	3,764	7,104	0	0	10,491	12,118	2,475	0	12,918	6,836	2,679	0	8,834	0	5,650	5,287	0	1,552	0	1,094	0	1,340	0	0	0	750	0	4,808	12,230	6,352	7,750	5,211	855	8,293	6,201	7,327	0	6,750	0	0	6,253	2,059	0	0	6,457	3,379	1,242	0	0	0	0	0	216	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	58,096	3,784	-58,590	21,631	-23,150	84,851	1,553	18,045	12,809	39,431	-62,186	16,733	4,706	18,459	-33,202	53,925	43,647	-1,454	-5,461	-26,896	-8,606	-256	5,915	-58,808	21,522	-22,925	20,236	-67,331	78,537	-28,155	0	36,300	0	0	0	-95,824	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	423	2,768	4,226	1,092	1,560	492	3,071	1,954	2,001	212	3,438	1,424	0	0	0	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	0	0	0	8,523	8,523	0	0	136	136	903	-903	-222	210	-1,146	1,891	11,691	-1,276	-18	53	-47	-629	91	1,121	268	141	349	-114	116	-2,004	1,248	0	2,299	0	0	0	-2,661	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,334	9,611	10,094	9,940	36,443	8,456	7,800	7,871	7,811	7,682	7,379	7,178	7,938	7,275	6,947	10,062	11,387	7,514	5,206	5,471	4,778	4,778	4,816	4,946	5,117	5,277	5,433	5,621	5,654	5,875	5,349	6,047	5,904	6,106	6,226	6,544	6,828	5,833	5,940	7,486	5,646	5,796	5,761	7,750	5,943	5,994	6,031	8,098	6,301	6,506	6,563	8,683	6,609	6,661	6,712	8,962	6,923	7,527	6,913	9,537	7,392	7,734	7,812	10,455	7,658	7,557	7,577	9,825	7,226	7,058	6,797	8,715	6,397	6,717	6,365	8,162	5,701	6,078	5,686	7,394	5,553	5,829	5,755	7,147	5,439	8,754	4,337	5,796	4,208	4,363	4,037	5,216	3,864	4,119	3,784	4,912	3,600	500	4,400	5,200	4,000	3,800	3,600	4,800	3,600	3,600	3,300	4,300	3,000	3,000	2,800	3,500	2,500	2,400	2,100	2,700	1,800	3,000	1,400	1,400	1,300	1,200	1,100
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12	12	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	18,400
End Period Cash Flow	28,066	35,581	32,469	40,951	38,805	66,180	41,850	47,115	43,687	30,458	30,875	33,601	29,666	38,588	41,862	36,205	70,696	25,561	34,115	37,546	55,010	58,007	57,064	54,097	67,230	62,323	64,669	68,560	75,808	75,405	66,360	56,581	56,523	50,417	68,007	112,787	129,675	124,290	112,516	112,970	78,460	94,626	22,358	19,031	32,130	60,359	46,471	37,042	115,421	98,987	17,321	69,214	79,426	47,563	35,157	75,216	62,191	51,395	37,843	35,010	25,636	6,855	1,621	1,580	2,004	1,497	3,874	2,311	5,152	4,820	3,763	4,475	3,483	3,063	14,638	9,889	28,731	25,150	40,491	28,620	23,802	24,795	17,666	4,832	1,959	5,286	17,687	28,600	16,520	8,715	7,236	7,749	2,667	2,178	4,109	1,673	2,700	4,000	8,900	-4,500	9,700	11,900	-500	-300	2,600	1,300	600	0	700	-1,300	800	-400	1,600	-400	0	-3,200	4,900	200	900	800	400	800	5,100
Exchange Rate Changes	0	0	0	0	0	0	0	0	-64	0	0	0	10	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	17,831	10,805	6,967	13,994	21,762	58,526	5,992	11,799	-541	4,389	2,519	157,851	3,784	4,425	44,641	44,004	44,502	46,035	-932	-13,601	18,866	-8,301	4,214	-11,897	7,046	-897	3,724	7,873	2,158	12,427	22,338	14,396	15,249	8,908	20,985	-3,728	-3,173	-740	-7,018	1,913	-2,392	160	13,181	5,474	5,810	13,439	18,728	4,652	4,472	19,260	14,670	-343	24,972	17,059	16,462	9,829	16,618	8,588	14,779	9,573	13,618	-2,072	5,030	-3,782	-6,189	-5,482	1,972	-15,102	-6,600	-7,405	-5,104	-8,972	621	11,561	-10,559	-4,196	3,851	-11,689	8,156	2,791	1,854	8,700	8,556	9,192	-6,452	1,440	2,276	7,788	2,160	2,471	4,882	37	-4,456	-9,477	-3,373	-14,149	-7,600	-9,600	-5,000	-10,000	-9,000	-4,100	-2,300	-5,700	-2,600	-300	-2,300	-7,300	-12,100	-2,200	-100	-8,700	-6,400	-6,000	-3,800	-8,300	-3,800	-1,400	-500	100	300	500	-300
Investments	-9,854	-27,752	-6,854	-6,246	-34,141	-5,314	6,764	-3,893	7,968	-3,295	-4,668	-1,082	-7,755	-362,592	360,049	3,415	-6,706	-1,906	-561	-2,210	-20,195	-7,577	-124	-848	-4,518	13	-6,195	1,708	-17,849	-1,393	-5,273	0	-102,352	0	0	0	-90,168	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	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	13,860	-2,900	-3,500	-21,493	30,000	-1,570	-1,564	-1,571	-1,450	-575	-149,952	-1,050	-44,848	40,502	-17,883	-2,007	-550	-550	-550	-1,733	-593	-643	-589	-23,030	-2,016	-1,973	-16,926	-15,295	-1,993	-7,496	0	-12,529	0	0	0	97,846	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	44,640	-56,514	1,876	65,537	9,734	32,039	-73,780	-298	-4,823	-10,669	-20,737	71,707	36,329	21,101	42,466	-137,885	13,605	-17	21,974	9,818	42,448	-13,703	-7,539	-1,814	69,466	-24,700	21,126	-15,821	70,900	-60,129	37,517	51,163	-35,150	9,298	26	9,983	91,050	8,522	9,594	-5,803	16,491	26,825	107,575	3,385	4,387	4,218	5,003	5,531	9,993	10,131	9,315	5,753	8,765	11,166	7,244	5,517	5,494	3,382	3,803	2,253	-3,440	-9,185	-9,797	-2,810	-1,187	1,527	124	5,992	4,165	7,496	7,315	8,531	4,659	8,656	7,771	8,664	5,131	7,648	7,417	8,007	4,590	3,609	7,089	6,839	3,402	5,178	6,768	6,796	4,347	5,782	6,012	6,040	3,962	2,177	6,006	5,511	4,900	3,800	6,200	4,000	4,700	5,600	5,300	4,900	3,900	4,500	4,600	3,800	3,200	3,700	3,700	2,800	2,800	3,100	2,900	1,900	2,100	2,200	2,000	1,700	1,400	900	1,100
Other Cashflows From Financing Activities	572	26,600	5,000	-5,050	-21,493	30,000	-1,570	-16,077	-2,743	-22,943	-24,059	-8,780	-17,406	60	390	50	-6,706	-54,657	-3,165	-5,454	-49	7,935	7	42	-1,834	-968	-8,514	30	62	1	-6,525	1	-5,689	219	-65,814	3	3	85,894	1,003	223,746	-3,982	75,597	2,103	-31	13,716	127,949	316	94	1,374	106,985	34,985	110,513	38,714	-1,045	-32,980	-270	-744	4,948	-1,688	-1,733	107	3,980	-6,640	-908	-54	528	-727	8,884	2,777	6,867	4,117	6,800	-282	-10,469	-862	-1,568	-855	-5,160	-1,783	-1,225	-2,968	-3,285	447	-7,296	2,919	8,403	-116	-151	-1,943	-3,240	-9,148	-1,744	4,964	4,167	248	10,039	-300	-1,600	-200	900	-100	-1,000	-4,200	2,700	1,100	-16,300	-200	2,600	9,800	-100	-1,000	7,700	2,600	2,300	1,800	3,600	-1,600	-200	-200	-400	-200	-200	42,800
Other Cashflows From Investing Activities	0	0	-4,257	-560	-106,859	-57,307	-16,386	-2,891	6,024	-9,296	-6,001	-251	-140,906	-59,790	161,310	-62,516	-52,303	-50,632	70	320	-7,494	33,374	952	1,524	1,004	484	470	50	1,084	50	230	0	135	0	0	0	3,098	3,098	3,100	3,600	0	0	0	0	0	0	0	0	0	3,343	5,683	0	0	3,903	1,898	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,632	0	746	721	2,352	14,879	14,856	9,018	26,603	15,633	11,910	4,056	22,096	17,960	11,844	0	0	0	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 Non Cash Items	-3,708	90,480	15,486	-67,100	-8,882	17,151	108,789	10,803	29,401	30,132	43,183	65,034	-40,050	-10,319	-12,329	222,972	67,955	73,430	-30,883	-32,200	-37,070	19,871	11,323	2,040	-38,328	49,438	-36,114	30,517	-112,770	126,182	-45,685	-73,543	68,892	10,493	5,845	-22,454	-143,911	-14,709	-9,373	16,476	-21,903	-38,556	-165,290	362	653	12,225	-8,345	-3,056	1,349	-6,048	-3,669	-7,788	9,498	-1,999	-3,625	1,091	-164	9,839	-22	1,500	1,406	749	15,181	870	714	-213	6,698	1,233	780	1,155	1,507	1,243	1,226	4,112	1,953	41	331	338	-38	-7	45	5,200	-341	143	199	-1,161	-114	159	109	2,578	-306	275	-166	1,774	285	-185	-100	2,200	100	100	-100	1,300	300	-100	-200	200	-100	0	100	600	0	0	0	300	100	-200	6,600	0	-100	300	100	200	0
Sale Purchase Of Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	49	0	7	42	30	42	42	30	64	1	1	0	222	0	0	0	85,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-430	0	0	-15	0	-74	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-474	-515	-9,626	-2,689	-5,953	-1,434	-5,222	0	-1,064	-4,075	-762	-883	-2,659	-1,000	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	-100
Stock Based Compensation	-29,958	-9,611	-10,094	-9,940	0	0	0	0	0	0	0	0	0	0	0	0	-11,387	-7,514	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	22	262	162	130	156	134	106	107	143	481	157	209	169	271	301	333	502	540	360	459	480	0	-59	3,510	-385	356	-343	103	207	303	-12	237	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Cash From Financing Activities	-20,514	13,860	-4,428	-5,050	-21,493	28,487	-1,570	-1,564	-1,571	-1,450	-575	-152,561	-2,728	-2,225	-4,748	-19,408	-2,007	-2,019	-2,016	-1,968	-1,733	-1,865	-1,985	-1,947	-2,115	-2,016	-1,973	-16,896	-1,986	-1,992	-7,496	-3,757	-6,088	-1,494	-2,568	-2,157	-2,745	84,824	-1,125	103,748	-14,582	72,137	-9,876	-15,896	9,978	10,242	-3,825	-7,186	60	83,669	5,325	1,364	-21,008	-2,678	-34,166	-2,773	-1,409	3,541	-14,633	-1,733	107	3,986	-6,648	96	86	528	-727	10,561	2,994	7,116	4,369	8,209	-201	-10,439	-585	155	-624	-5,062	-1,581	312	-2,687	-1,949	-722	-6,515	2,405	-1,220	-2,697	-5,045	-3,373	-8,462	-9,119	-2,808	889	3,410	-306	8,772	-1,200	-1,500	200	900	-100	-800	-4,200	2,700	1,100	300	-200	2,600	9,800	-100	-1,000	8,300	2,900	2,300	1,900	3,600	-1,600	-200	200	-400	-200	-200	3,100
Total Cash From Operating Activities	24,326	17,158	11,595	19,923	28,071	65,550	13,112	21,092	17,522	24,037	21,910	165,298	11,189	7,682	48,208	50,477	53,824	48,154	1,742	-10,037	26,262	-5,119	8,980	-9,445	8,836	568	6,513	9,863	7,393	14,881	23,820	17,255	17,916	11,222	23,600	-241	5,643	8,714	4,537	12,215	2,109	3,906	16,076	11,818	6,992	15,310	20,830	7,377	6,449	21,757	17,635	5,162	27,023	18,943	18,580	11,409	19,686	11,194	15,312	10,211	15,592	859	9,684	6,673	7,214	6,968	16,753	2,637	17,073	17,235	12,796	22,038	17,509	14,225	16,712	16,718	16,624	5,546	19,327	13,252	9,265	15,463	14,660	15,854	4,726	15,104	13,673	16,305	9,933	11,345	11,755	11,325	5,707	10,011	12,004	8,048	8,800	9,600	14,300	6,200	3,300	10,100	13,700	7,900	5,000	9,400	9,700	7,900	3,200	8,900	8,800	4,700	6,400	7,400	4,600	5,000	4,000	4,900	5,200	3,600	2,900	3,000	2,000
Total Cashflows From Investing Activities	0	-27,752	-15,739	-12,735	-136,605	-69,645	-16,742	-16,077	-2,743	-22,943	-24,059	-8,780	-17,406	-8,721	-37,786	-65,574	-6,706	-54,657	-3,165	-5,454	-27,511	7,935	-3,938	-1,776	-11,548	-968	-8,514	-232	-28,795	-3,847	-6,525	0	-113,300	0	0	0	2,484	0	0	0	0	0	0	0	0	0	0	0	9,925	0	0	9,110	25,848	0	0	0	0	4,949	6,132	3,978	3,082	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,065	1,245	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31	1988-12-31	1987-12-31	1986-12-31
Cost Of Revenue	248,941	215,449	223,330	296,732	533,658	661,439	687,281	668,284	678,263	626,160	566,853	545,139	523,907	501,570	164,974	151,188	487,241	462,430	435,280	399,515	359,020	327,949	324,857	291,927	269,300	220,200	187,000	160,800	140,700	119,800	96,900	92,600	87,100	79,900	75,000	70,000	69,300	67,800
Depreciation And Amortization	38,979	36,443	30,050	32,222	29,578	19,318	21,448	22,925	24,780	24,905	25,250	26,424	28,361	29,258	31,369	33,659	32,185	28,967	26,945	24,710	24,169	23,095	17,481	16,415	14,100	15,800	14,200	11,800	9,000	7,500	5,700	5,400	5,100	4,600	4,200	4,500	4,200	4,000
Discontinued Operations	0	0	0	0	0	0	0	0	0	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	39,375	-30,222	47,661	-14,663	83,585	36,639	7,232	167,494	-16,070	59,035	31,354	47,759	54,971	50,879	23,573	5,401	34,908	48,717	53,149	50,595	52,087	48,318	36,279	35,900	22,600	22,100	18,100	13,500	12,600	10,900	10,200	9,800	7,500	8,100	7,300	5,900	4,600	800
Ebitda	78,354	6,221	77,711	17,559	113,163	55,957	28,680	190,419	8,710	83,940	56,604	74,183	83,332	80,137	54,942	39,060	67,093	77,684	80,094	75,305	76,257	71,414	53,760	52,315	36,700	37,900	32,300	25,300	21,600	18,400	15,900	15,200	12,600	12,700	11,500	10,400	8,800	4,800
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	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	1,342	51,707	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Gross Profit	116,377	152,782	142,776	136,951	135,180	148,455	152,523	181,792	183,189	167,651	188,969	189,126	185,293	172,211	462,068	458,873	166,901	176,392	171,632	154,177	140,083	132,864	123,093	116,759	91,500	86,700	75,700	63,300	46,000	38,800	35,600	33,400	28,300	25,900	23,900	22,700	20,100	17,000
Income Before Tax	64,847	-43,027	42,267	-50,201	55,141	16,755	-12,890	146,263	-37,431	39,016	196,393	31,198	47,831	41,440	7,192	-34,784	14,871	42,292	44,444	42,547	32,424	36,044	33,920	34,506	28,800	30,900	25,500	20,900	16,100	11,400	8,400	7,100	5,500	8,300	7,200	5,200	3,500	700
Income Tax Expense	9,308	-10,722	6,789	-12,212	9,761	-2,637	-62,961	46,812	-21,588	10,212	74,289	6,453	13,867	12,019	1,163	-11,805	3,063	14,291	14,222	14,885	11,485	12,955	12,125	12,197	10,100	11,200	9,400	7,900	6,100	4,200	3,200	2,900	2,200	3,300	2,900	1,700	1,500	200
Interest Expense	5,795	5,892	7,160	15,536	20,258	19,884	20,122	20,925	21,361	20,019	16,380	18,228	13,376	12,984	13,736	40,185	20,037	6,425	8,705	8,048	19,663	12,274	2,359	5,109	8,000	8,800	7,400	7,400	3,500	500	1,800	2,700	2,000	200	100	700	1,100	100
Interest Income	0	85,238	10,194	54,924	57,875	20,527	13,157	114,655	60,708	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	-270	287	0	0	0	0	0	0	0	0	1,901	3,152	0	1,327	31	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Income	54,948	-32,305	35,478	-37,989	45,380	19,392	50,071	99,451	-15,843	28,804	140,271	21,593	34,565	28,094	5,998	-22,979	11,808	28,001	30,222	27,662	20,939	23,089	21,795	18,594	20,500	19,700	16,100	13,000	10,000	7,200	5,200	4,200	3,300	5,000	4,300	3,500	2,000	500
Net Income Applicable To Common Shares	0	-32,305	35,478	-37,989	45,380	19,392	50,071	99,451	-15,843	100,831	140,271	21,593	34,565	28,094	5,998	0	11,808	28,001	30,222	27,591	20,939	23,089	21,795	22,309	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Income From Continuing Ops	20,633	-32,305	35,478	-37,989	45,380	19,392	50,071	99,451	-15,843	100,831	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	-5,795	-5,892	-7,160	-15,536	-20,258	-19,884	-20,122	-20,925	0	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	17,354	-39,388	0	0	0	0	0	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	4,635	23,646	0	0	0	0	0	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	39,375	-30,222	47,661	-14,663	83,585	36,639	267	31,608	23,277	14,274	31,354	43,181	52,495	50,017	7,192	-7,686	31,897	51,294	55,117	53,381	43,751	50,116	36,279	35,900	26,700	27,700	23,700	18,800	16,000	13,400	11,800	11,200	9,200	9,100	8,300	6,700	5,300	2,300
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	-	-	-	-	-
Other Operating Expenses	325,943	322,500	329,398	405,314	663,386	813,666	839,537	818,468	838,175	779,537	732,733	696,448	654,971	623,285	603,469	617,747	622,245	587,631	551,795	500,705	450,153	410,696	411,671	372,787	334,100	279,200	239,000	205,300	170,700	145,200	120,700	114,800	106,200	96,700	90,600	86,000	84,100	82,500
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	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	38,979	36,443	30,050	32,222	29,578	19,318	21,448	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Selling And Marketing Expenses	0	70,539	0	0	0	0	0	0	0	0	44,375	42,531	38,476	34,835	33,304	0	0	0	0	23,106	18,856	16,062	15,440	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Selling General Administrative	76,920	69	76,018	76,360	100,150	132,909	130,808	127,259	135,132	128,472	95,451	82,354	65,384	58,180	376,217	432,900	102,819	96,234	89,570	53,374	48,106	43,590	53,894	64,444	50,700	43,200	37,800	32,700	21,000	17,900	18,100	16,800	14,000	12,200	11,400	11,500	10,600	10,700
Tax Provision	5,814	-10,722	6,789	-12,212	9,761	-1,295	-11,254	46,812	-21,588	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	77,002	107,051	106,068	108,582	129,728	152,227	152,256	150,184	159,912	153,377	165,880	151,309	131,064	121,715	438,495	466,559	135,004	125,201	116,515	101,190	91,132	82,747	86,814	80,859	64,800	59,000	52,000	44,500	30,000	25,400	23,800	22,200	19,100	16,800	15,600	16,000	14,800	14,700
Total Other Income Expense Net	25,472	-12,805	-5,394	-35,538	-28,444	40,411	6,965	135,580	-39,356	24,742	181,419	7,609	6,236	3,545	-2,645	-13,087	-3,011	2,474	1,968	2,392	-3,136	1,798	-2,359	-1,394	4,100	5,600	5,600	5,300	3,400	2,500	1,600	1,400	1,700	1,000	1,000	800	700	1,500
Total Revenue	365,318	368,231	366,106	433,683	668,838	809,894	839,804	850,076	861,452	793,811	755,822	734,265	709,200	673,781	627,042	610,061	654,142	638,822	606,912	553,692	499,104	460,812	447,950	408,686	360,800	306,900	262,700	224,100	186,700	158,600	132,500	126,000	115,400	105,800	98,900	92,700	89,400	84,800

	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	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31	1988-12-31	1988-09-30	1988-06-30	1988-03-31	1987-12-31	1987-09-30	1987-06-30	1987-03-31	1986-12-31	1986-09-30	1986-06-30	1986-03-31	1985-12-31
Cost Of Revenue	61,416	36,789	52,206	51,674	53,441	53,842	54,268	53,898	53,594	55,296	54,785	59,655	65,068	68,071	63,783	99,810	114,963	121,749	137,889	159,022	162,203	167,429	166,012	165,795	172,938	177,570	172,962	163,811	163,888	170,014	169,468	164,914	168,721	171,652	170,748	167,142	180,036	182,996	138,651	174,522	129,991	134,147	137,178	170,214	125,314	128,535	131,138	166,079	119,387	123,294	126,461	160,183	113,969	118,892	118,488	152,554	111,636	123,047	111,694	147,137	106,713	-223,560	114,768	151,486	108,494	115,532	115,200	147,971	108,538	110,909	107,326	142,884	101,311	103,051	105,445	134,635	92,148	104,963	94,176	37,373	26,571	91,275	86,033	33,899	22,795	78,215	76,277	100,999	23,644	78,955	76,330	98,658	70,914	62,905	72,828	29,718	67,300	75,800	62,900	74,300	56,300	59,800	50,200	64,500	45,700	48,000	45,300	54,900	38,800	40,800	39,100	49,400	35,200	35,100	33,500	42,300	29,800	29,500	29,400	35,400	-	24,700	22,900	28,200	-	-	-	-	-	20,600	20,900	-	20,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation And Amortization	9,334	9,611	10,094	9,940	12,316	8,456	7,800	7,871	7,811	7,682	7,379	7,178	7,938	7,275	6,947	10,062	11,387	7,514	5,206	5,471	4,778	4,778	4,816	4,946	5,117	5,277	5,433	5,621	5,654	5,875	5,349	6,047	5,904	6,106	6,226	6,544	6,828	5,833	5,940	7,486	5,646	5,796	5,761	7,750	5,943	5,994	6,031	8,098	6,301	6,506	6,563	8,683	6,609	6,661	6,712	8,962	6,923	7,527	6,913	9,537	7,392	7,734	7,812	10,455	7,658	7,557	7,577	9,825	7,226	7,058	6,797	8,715	6,397	6,717	6,365	8,162	5,701	6,078	5,686	7,394	5,553	5,829	5,755	7,147	5,439	8,754	4,337	5,796	4,208	4,363	4,037	5,216	3,864	4,119	3,784	4,912	3,600	500	4,400	5,200	4,000	3,800	3,600	4,800	3,600	3,600	3,300	4,300	3,000	3,000	2,800	3,500	2,500	2,400	2,100	2,700	1,800	3,000	1,400	1,800	-	1,400	1,300	1,700	-	-	-	-	-	1,200	1,200	-	1,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,834	-72,754	4,735	83,887	16,659	43,925	-91,524	718	-4,018	-18,015	-23,987	93,681	57,211	33,805	65,808	-171,487	22,123	9,472	33,023	16,629	57,634	-19,944	-3,380	2,329	32,535	-44,952	40,142	-20,493	117,559	-99,016	62,701	85,944	-56,207	14,253	3,230	22,654	151,449	10,618	3,171	10,517	5,205	3,418	8,939	8,916	10,081	9,775	9,033	13,272	15,554	15,975	13,489	12,323	13,454	19,484	11,755	9,927	10,591	12,011	8,764	6,977	-1,865	-7,361	14,686	-1,920	-4	4,048	11,869	11,923	7,068	12,536	12,425	14,279	8,340	13,634	14,020	15,873	9,599	13,500	12,715	14,008	8,109	11,842	14,425	14,178	8,505	20,547	11,014	11,323	6,805	9,441	9,869	10,257	6,713	13,418	6,847	5,636	6,900	3,000	7,200	6,900	5,800	6,200	6,200	5,600	3,300	4,500	5,000	5,100	3,400	-7,000	7,900	2,500	2,900	3,300	4,000	2,400	3,000	3,100	3,200	2,500	-	2,500	2,400	2,600	-	-	-	-	-	1,600	1,900	-	2,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebitda	16,168	-63,143	14,829	93,827	28,975	52,381	-83,724	8,589	3,793	-10,333	-16,608	100,859	65,149	41,080	72,755	-161,425	33,510	16,986	38,229	22,100	62,412	-15,166	1,436	7,275	37,652	-39,675	45,575	-14,872	123,213	-93,141	68,050	91,991	-50,303	20,359	9,456	29,198	158,277	16,451	9,111	18,003	10,851	9,214	14,700	16,666	16,024	15,769	15,064	21,370	21,855	22,481	20,052	21,006	20,063	26,145	18,467	18,889	17,514	19,538	15,677	16,514	5,527	373	22,498	8,535	7,654	11,605	19,446	21,748	14,294	19,594	19,222	22,994	14,737	20,351	20,385	24,035	15,300	19,577	18,401	21,401	13,662	17,671	20,180	21,325	13,945	29,301	15,351	17,119	11,013	13,804	13,905	15,473	10,577	17,536	10,631	10,548	10,500	3,500	11,600	12,100	9,800	10,000	9,800	10,400	6,900	8,100	8,300	9,400	6,400	-4,000	10,700	6,000	5,400	5,700	6,100	5,100	4,800	6,100	4,600	4,300	34,300	3,900	3,700	4,300	29,300	-83,400	30,000	36,200	27,800	2,800	3,100	32,900	3,700	-70,500	25,200	30,400	24,000	-67,400	24,300	28,900	22,500	-63,900	22,100	26,700	21,800	-61,700	21,200	25,700	20,100	-62,000	20,500	24,500	19,400
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	0	0	0	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	0	0	0	0	1,342	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	29,249	54,148	41,334	38,502	45,017	38,192	38,099	31,474	45,354	26,787	36,002	34,633	34,578	33,764	32,719	35,890	43,457	38,467	30,454	22,837	33,145	36,153	42,727	36,430	36,285	36,664	39,992	39,582	42,101	46,718	49,645	43,328	46,504	46,791	51,208	38,686	44,414	10,673	54,578	60,052	42,348	45,352	47,424	54,996	41,197	39,883	44,635	55,672	47,003	45,046	44,400	51,094	44,753	47,011	43,043	45,288	36,869	36,940	34,655	41,892	24,964	362,445	29,525	39,001	27,902	35,607	38,386	54,180	38,728	41,115	43,074	54,773	37,430	42,657	42,409	52,188	34,379	39,839	36,451	126,418	87,901	33,442	35,648	116,289	79,723	31,826	32,641	39,768	77,442	30,151	30,138	37,155	25,650	32,851	27,204	91,311	25,300	17,700	24,200	28,100	21,600	22,700	21,000	25,200	17,700	19,100	18,900	22,200	15,500	16,100	16,100	15,600	11,800	11,900	11,900	12,400	9,800	10,900	9,500	10,300	34,300	9,000	8,500	9,800	29,300	31,400	30,000	36,200	27,800	6,900	7,000	32,900	6,900	26,200	25,200	30,400	24,000	23,200	24,300	28,900	22,500	22,100	22,100	26,700	21,800	22,400	21,200	25,700	20,100	20,500	20,500	24,500	19,400
Income Before Tax	50,694	-74,016	2,894	85,275	12,294	41,637	-96,489	-469	-9,578	-14,943	-26,935	93,723	47,566	26,718	57,230	-181,715	16,340	-631	27,870	11,562	52,697	-24,902	-8,429	-2,611	27,590	-49,926	35,043	-25,597	112,701	-104,258	57,079	80,741	-61,477	9,050	-2,177	17,173	145,600	6,004	-1,938	33,579	1,371	19,209	169,834	1,420	5,930	3,792	4,986	7,667	14,753	15,134	11,151	8,440	13,106	14,326	10,581	8,355	8,178	5,220	5,347	2,606	-5,981	-11,078	-16,179	-5,112	-2,415	1,828	-847	9,013	4,877	11,172	11,069	13,186	6,865	11,753	11,808	13,139	7,773	11,758	11,342	12,360	7,087	5,420	11,059	10,655	5,290	7,957	10,618	10,664	6,805	8,995	9,360	9,401	6,165	8,896	9,294	8,602	7,700	5,500	9,500	6,200	7,400	8,700	8,400	7,700	6,200	6,800	7,300	6,200	5,100	5,800	6,000	4,600	4,600	4,900	4,600	3,200	3,400	3,300	3,300	2,300	1,600	2,500	2,400	1,500	1,200	1,300	1,300	700	-	1,500	1,500	-	1,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense	6,054	-17,502	1,018	19,738	2,560	9,598	-22,709	-171	-4,755	-4,274	-6,198	22,016	11,237	5,617	14,764	-43,830	2,735	-614	5,896	1,744	10,249	-11,199	-890	-797	-41,876	-25,226	13,917	-9,776	41,801	-44,129	19,562	29,578	-26,327	-248	-2,203	7,190	54,550	4,526	3,773	-6,460	8,373	12,452	62,259	-1,965	1,543	-426	-17	2,136	4,760	5,003	1,836	2,687	4,341	3,160	3,337	2,838	2,684	1,807	1,544	353	-2,541	-1,893	-6,382	-2,302	-1,228	301	-971	3,021	712	3,676	3,754	4,655	2,206	3,097	4,037	4,456	2,642	4,110	3,925	4,353	2,497	1,811	3,970	3,816	1,888	2,779	3,850	3,868	2,458	3,213	3,348	3,361	2,203	3,004	3,288	3,120	2,800	1,700	3,400	2,200	2,700	3,100	3,100	2,800	2,300	2,300	2,700	2,400	1,900	2,100	2,300	1,800	1,800	1,800	1,800	1,200	1,300	1,100	1,300	900	32,700	800	1,000	600	28,100	-84,700	28,700	35,500	-	600	600	-	800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	1,456	1,262	1,341	1,474	1,656	1,439	1,385	1,412	1,420	1,462	1,537	2,741	3,884	3,743	3,635	4,274	5,014	5,024	5,153	5,067	4,937	4,958	5,049	4,940	4,945	4,974	5,099	5,104	4,858	5,242	5,622	5,203	5,270	5,203	5,407	5,481	5,849	6,171	5,030	5,105	3,713	3,935	3,450	5,050	3,945	4,280	4,133	5,635	4,180	3,196	3,038	4,128	3,014	3,514	3,389	3,527	2,554	2,738	3,347	4,049	4,116	3,717	30,865	3,192	2,411	2,220	12,716	2,910	2,191	1,364	1,356	1,093	1,475	1,881	2,212	2,734	1,826	1,742	1,373	1,648	1,022	6,422	3,366	3,523	3,215	12,590	395	659	3,274	446	509	856	548	8,237	2,447	2,966	800	4,300	2,300	700	1,600	2,500	2,200	2,100	2,900	2,300	2,300	1,100	1,700	12,800	1,900	2,100	1,700	1,600	600	800	400	200	100	200	-	0	0	1,100	-	-	-	-	-	100	400	-	700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	8,484	74,752	5,426	27,370	110,186	7,848	17,875	17,159	36,878	82,106	44,141	23,829	57,122	180,016	3,318	3,575	29,045	29,087	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	-60	651	0	34	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,030	871	1,205	0	801	150	1,003	1,198	-639	639	108	0	2,764	0	-17	17	31	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	44,640	-56,514	1,936	64,886	10,021	32,005	-73,780	-298	-4,823	-10,669	-20,737	71,707	36,329	21,101	42,466	-137,885	13,605	-17	21,974	9,818	42,448	-13,703	-7,539	-1,814	69,466	-24,700	21,126	-15,821	70,900	-60,129	37,517	51,163	-35,150	9,298	26	9,983	91,050	8,522	9,594	-5,803	16,491	26,825	106,704	2,180	4,562	3,417	4,853	4,528	8,795	10,781	8,676	5,645	9,463	8,402	8,691	5,524	5,477	3,382	3,803	2,253	-3,440	-9,185	-9,797	-2,810	-1,187	1,527	124	5,992	4,165	7,496	7,315	8,531	4,659	8,656	7,771	8,683	5,131	7,648	7,417	8,007	4,590	3,609	7,089	6,839	3,402	5,178	6,768	6,796	4,347	5,782	6,012	6,040	3,962	2,177	6,006	5,482	4,900	5,600	6,100	4,000	4,700	5,600	5,300	4,900	3,900	4,500	4,600	3,800	3,200	3,700	3,700	2,800	2,800	3,100	2,800	2,000	2,100	2,200	2,000	1,400	1,600	1,700	1,400	900	1,200	1,300	1,300	700	-	900	900	-	1,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Applicable To Common Shares	0	-56,514	1,936	64,886	9,734	32,005	-73,780	-298	-4,823	-10,669	-20,737	71,707	36,329	21,101	42,466	-137,885	13,605	-17	21,974	9,818	42,448	-13,703	-7,539	-1,814	69,466	-156,667	21,126	-15,821	70,900	-97,646	37,517	51,163	-25,141	9,298	26	9,983	91,050	8,522	9,594	-16,491	16,491	26,825	106,704	2,180	4,562	3,417	4,853	4,528	8,795	10,781	8,676	5,645	9,463	8,402	8,691	5,524	5,477	3,382	3,803	2,253	0	0	0	0	0	1,527	124	5,992	4,165	7,496	7,315	8,531	4,659	8,656	7,771	8,683	5,112	7,633	7,401	7,984	4,573	3,609	7,089	6,839	3,402	5,947	6,511	6,541	4,090	5,782	6,012	6,039	3,962	5,004	6,251	5,882	0	0	0	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 From Continuing Ops	44,640	-56,514	1,876	65,537	9,734	32,039	-73,780	-298	-4,823	-10,669	-20,737	71,707	36,329	21,101	42,466	-137,885	13,605	-17	21,974	9,818	42,448	-13,703	-7,539	-1,814	260,516	-353,938	184,282	-40,789	268,194	-257,503	88,760	0	-15,843	0	0	0	100,831	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,456	-1,524	-1,341	-1,474	-1,656	-1,439	-1,385	-1,412	-1,420	-1,462	-1,537	-2,741	-3,884	-3,743	-3,635	-4,274	-5,014	-5,024	-5,153	-5,067	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-7,143	76,226	0	28,809	-108,801	-6,436	17,354	0	0	0	133,808	0	0	-173,196	0	-485	32,195	32,145	0	-20,999	-10,492	1,309	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	853	776	0	0	20	0	5,194	0	-261	-298	9,225	-3,698	7,819	10,300	0	5,079	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,834	20,298	4,735	83,887	16,659	43,925	-91,524	718	-4,018	-18,015	-23,987	93,681	57,211	33,805	65,808	-171,487	22,123	9,472	33,023	16,629	57,634	-19,944	-3,380	2,329	-6,019	-1,093	2,904	4,475	3,582	9,597	11,458	6,971	5,859	8,950	8,784	-316	6,739	-2,843	2,800	9,821	5,205	3,418	8,939	8,916	10,081	9,775	9,033	12,148	14,712	14,242	13,169	12,052	13,032	23,224	11,094	6,278	7,866	12,011	8,764	6,977	-2,122	-7,622	885	-1,396	447	9,777	1,799	12,716	7,605	13,431	13,013	15,854	8,996	14,146	14,384	16,481	10,081	14,476	13,500	15,825	9,580	6,642	14,425	14,178	8,505	20,547	11,014	11,323	6,805	9,441	9,869	10,257	6,713	13,418	8,306	7,428	7,500	4,500	8,600	6,900	6,900	7,600	7,500	7,000	5,000	6,100	6,600	6,300	4,700	-300	7,400	4,000	4,000	4,300	4,700	3,400	3,700	3,700	3,800	3,100	34,300	3,000	2,900	2,800	29,300	-83,400	30,000	36,200	27,800	2,200	2,400	32,900	2,600	-70,500	25,200	30,400	24,000	-67,400	24,300	28,900	22,500	-63,900	22,100	26,700	21,800	-61,700	21,200	25,700	20,100	-62,000	20,500	24,500	19,400
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	0	0	0	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	83,831	70,639	81,309	78,877	88,090	77,767	78,650	77,993	86,575	79,867	80,583	82,373	88,679	95,248	89,942	131,445	144,629	152,193	169,518	199,384	201,979	204,518	203,778	203,391	215,242	215,327	210,050	198,918	202,407	207,135	207,655	201,271	209,366	209,493	213,172	206,144	217,711	196,993	190,293	224,529	167,722	177,013	178,016	218,730	158,974	166,180	167,743	211,188	151,462	152,868	157,458	199,072	145,303	148,477	148,101	187,915	137,914	152,766	137,585	181,633	133,799	146,507	143,408	191,883	135,949	146,538	146,418	189,562	139,727	138,696	137,387	181,803	129,745	131,562	133,470	170,342	116,446	130,720	117,127	147,965	104,893	112,875	107,256	136,009	94,012	89,494	97,904	129,444	94,281	99,665	96,599	125,556	89,850	82,338	91,725	113,602	85,100	89,000	78,500	95,500	71,000	74,900	63,700	82,700	58,400	61,000	57,600	70,800	49,600	57,200	47,800	61,000	43,000	42,700	40,700	51,300	35,900	36,700	35,100	42,600	-	30,700	28,500	35,200	-	114,800	-	-	-	25,300	25,500	-	24,500	96,700	-	-	-	90,600	-	-	-	86,000	-	-	-	84,100	-	-	-	82,500	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,334	9,611	10,094	9,940	12,316	8,456	7,800	7,871	7,811	7,682	7,379	7,178	7,938	7,275	6,947	10,062	0	0	5,206	5,471	4,778	4,778	4,816	4,946	5,117	5,277	5,433	5,621	5,654	5,875	5,349	6,047	5,904	6,106	6,226	6,544	6,828	5,833	5,940	7,486	5,646	5,796	5,761	7,750	5,943	5,994	6,031	8,098	6,301	6,506	6,563	8,683	6,609	6,661	6,712	8,962	6,923	7,527	6,913	9,537	7,392	7,734	7,812	10,455	7,658	7,557	7,577	9,825	7,226	7,058	6,797	8,715	6,397	6,717	6,365	8,162	5,701	6,078	5,686	7,394	5,553	5,829	5,755	7,147	5,439	8,754	4,337	5,796	4,208	4,363	4,037	5,216	3,864	4,119	3,784	4,912	3,600	500	4,400	5,200	4,000	3,800	3,600	4,800	3,600	3,600	3,300	4,300	3,000	3,000	2,800	3,500	2,500	2,400	2,100	2,700	1,800	3,000	1,400	-	-	1,400	1,300	-	-	-	-	-	-	1,200	-	-	1,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	0	0	0	0	22,264	0	0	0	0	2,302	3,287	0	0	0	0	0	65,965	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,250	11,309	9,369	10,665	11,711	11,766	10,233	10,588	11,666	11,390	8,887	8,714	10,031	10,780	8,951	8,206	9,020	9,882	7,727	7,658	8,230	9,873	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,177	4,224	0	0	6,210	3,656	3,815	3,732	5,260	3,255	3,568	3,789	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	22,415	18,315	19,009	17,263	69	15,469	16,582	16,224	25,170	9,255	10,481	76,360	76,360	19,902	19,212	21,573	84,244	22,930	26,423	34,891	34,998	32,311	32,950	32,650	37,187	32,480	31,655	29,486	32,711	31,246	32,838	30,310	34,741	31,735	36,198	32,458	30,847	7,676	34,601	31,176	22,821	25,458	23,290	29,114	17,589	20,270	19,057	25,621	17,406	14,617	16,062	19,753	14,910	15,276	13,881	16,545	12,478	13,469	11,463	15,458	19,694	19,842	20,828	29,942	19,797	22,349	23,641	31,766	23,963	20,626	23,264	30,204	22,037	21,794	21,660	27,579	18,597	19,612	17,265	96,022	68,545	18,976	15,468	88,754	62,122	1,290	13,558	17,389	62,746	12,779	12,444	21,682	15,072	12,427	15,113	78,974	14,200	0	11,300	15,900	10,700	0	9,900	13,400	9,100	0	9,000	11,600	7,800	0	6,000	8,100	5,300	0	5,100	6,300	4,300	0	4,400	5,400	-	0	4,300	5,300	-	-	-	-	-	0	3,400	-	3,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Provision	6,054	-17,502	1,018	19,738	2,560	9,598	-22,709	-171	-4,755	-4,274	-6,198	22,016	11,237	5,617	14,764	-43,830	2,735	-614	5,896	1,744	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	22,415	33,850	29,103	27,203	34,649	23,925	24,382	24,095	32,981	24,571	25,798	22,718	23,611	27,177	26,159	31,635	29,666	30,444	31,629	40,362	39,776	37,089	37,766	37,596	42,304	37,757	37,088	35,107	38,519	37,121	38,187	36,357	40,645	37,841	42,424	39,002	37,675	13,997	51,642	50,007	37,731	42,866	40,838	48,516	33,660	37,645	36,605	45,109	32,075	29,574	30,997	38,889	31,334	29,585	29,613	35,361	26,278	29,719	25,891	34,496	27,086	370,067	28,640	40,397	27,455	31,006	31,218	41,591	31,189	27,787	30,061	38,919	28,434	28,511	28,025	35,707	24,298	25,758	22,951	110,592	78,322	21,600	21,223	102,111	71,217	11,278	21,627	28,445	70,637	20,710	20,269	26,899	18,936	19,433	18,897	83,883	17,800	13,200	15,600	21,200	14,700	15,100	13,500	18,200	12,700	13,000	12,300	15,900	10,800	16,400	8,700	11,600	7,800	7,600	7,200	9,000	6,100	7,200	5,700	7,200	-	6,000	5,600	7,000	-	-114,800	-	-	-	4,700	4,600	-	4,300	-96,700	-	-	-	-90,600	-	-	-	-86,000	-	-	-	-84,100	-	-	-	-82,500	-	-	-
Total Other Income Expense Net	43,860	-94,314	-7,996	1,388	-4,365	-2,288	-4,965	-1,187	-20,531	-15,697	-35,602	84,549	40,483	23,874	54,305	-181,696	7,563	-3,630	34,198	34,154	64,265	-19,008	-8,341	3,495	38,554	-43,859	37,238	-24,968	113,978	-108,614	51,243	78,973	-62,066	5,302	-5,557	22,965	144,702	15,612	-79	28,167	-121	19,726	164,345	-2,446	-206	4,239	86	1,963	3,379	2,355	700	245	2,666	31	540	1,955	141	-4,053	-70	-322	-257	-261	-13,801	524	451	553	-4,701	666	471	792	588	1,575	656	512	364	608	482	582	785	1,817	1,471	-6,422	-3,366	-3,523	-3,215	-12,590	-395	-659	0	-446	-509	-856	-548	-4,522	1,460	1,791	600	1,500	1,400	100	1,100	1,400	1,300	1,400	1,700	1,600	1,600	1,200	1,300	6,700	-500	1,500	1,100	1,000	700	1,000	700	600	600	600	-	500	500	200	-	-	-	-	-	600	500	-	-700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue	90,665	90,937	93,540	90,176	98,458	92,034	92,367	85,372	98,948	82,083	90,787	94,288	99,646	101,835	96,502	135,700	158,420	160,216	168,343	181,859	195,348	203,582	208,739	202,225	209,223	214,234	212,954	203,393	205,989	216,732	219,113	208,242	215,225	218,443	221,956	205,828	224,450	193,669	193,229	234,574	172,339	179,499	184,602	225,210	166,511	168,418	175,773	221,751	166,390	168,340	170,861	211,277	158,722	165,903	161,531	197,842	148,505	159,987	146,349	189,029	131,677	138,885	144,293	190,487	136,396	151,139	153,586	202,151	147,266	152,024	150,400	197,657	138,741	145,708	147,854	186,823	126,527	144,802	130,627	163,790	114,473	124,717	121,681	150,187	102,518	110,041	108,918	140,768	101,086	109,106	106,468	135,813	96,563	95,755	100,032	121,029	92,600	93,500	87,100	102,400	77,900	82,500	71,200	89,700	63,400	67,100	64,200	77,100	54,300	56,900	55,200	65,000	47,000	47,000	45,400	54,700	39,600	40,400	38,900	45,700	34,300	33,700	31,400	38,000	29,300	31,400	30,000	36,200	27,800	27,500	27,900	32,900	27,100	26,200	25,200	30,400	24,000	23,200	24,300	28,900	22,500	22,100	22,100	26,700	21,800	22,400	21,200	25,700	20,100	20,500	20,500	24,500	19,400

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

Gross Profit (+$)
totalRevenue	365,318
Cost of Revenue	-248,941
Gross Profit	116,377	116,377

Operating Income (+$)
Gross Profit	116,377
Operating Expense	-77,002
Operating Income	39,375	39,375

Operating Expense (+$)
Research Development	0
Selling General Administrative	76,920
Selling And Marketing Expenses	0
Operating Expense	77,002	76,920

Net Interest Income (+$)
Interest Income	0
Interest Expense	-5,795
Other Finance Cost	-0
Net Interest Income	-5,795

Pretax Income (+$)
Operating Income	39,375
Net Interest Income	-5,795
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	64,847	13,903 EBIT - interestExpense = 33,580 64,256 60,743
Interest Expense	5,795
Earnings Before Interest and Taxes (EBIT)	39,375	70,642
Earnings Before Interest and Taxes (EBITDA)	78,354

After tax Income (+$)
Income Before Tax	64,847
Tax Provision	-5,814
Net Income From Continuing Ops	20,633	59,033
Net Income	54,948
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	325,943
Total Other Income/Expenses Net	25,472	5,795

Technical Analysis of Biglari Holdings Inc
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 Biglari Holdings Inc. The general trend of Biglari Holdings Inc is BULLISH with 85.7% 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 Biglari Holdings Inc'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 (85.7%)		Bearish trend (-85.7%)
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 Biglari Holdings Inc.

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: 205.99 < 206.97 < 207.47.

The bearish price targets are: 188.63 > 184.51 > 183.50.

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Biglari Holdings Inc 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 Biglari Holdings Inc. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-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 higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close > MA 100: The price is above the MA 100. +1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending down: The MA 200 is trending down. -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.

Biglari Holdings Inc 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 Biglari Holdings Inc. The current macd is 3.51430793.

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

MACD line > signal line: The MACD line is above the signal 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 Biglari Holdings Inc price going up in the near term. +2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Biglari Holdings Inc. 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 Biglari Holdings Inc 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 up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Biglari Holdings Inc 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 Biglari Holdings Inc. The current adx is 16.70.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-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 Biglari Holdings Inc shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Biglari Holdings Inc 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 Biglari Holdings Inc. The current sar is 188.38.

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

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Biglari Holdings Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of Biglari Holdings Inc. The current rsi is 60.37. 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.

Biglari Holdings Inc 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 Biglari Holdings Inc. The current phase is Overbought in bull market.

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

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH > 80: The STOCH %K is above 80 and overbought. +2
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 Biglari Holdings Inc price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Biglari Holdings Inc 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 Biglari Holdings Inc. The current cci is 135.75.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1

Biglari Holdings Inc 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 Biglari Holdings Inc. The current cmo is 24.25.

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

Biglari Holdings Inc 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 Biglari Holdings Inc. The current willr is -11.41266527.

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

WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1

Biglari Holdings Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Biglari Holdings Inc.

Biglari Holdings Inc 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 Biglari Holdings Inc. The current atr is 6.34000232.

Biglari Holdings Inc 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 Biglari Holdings Inc. The current obv is 72,940.

Biglari Holdings Inc 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 Biglari Holdings Inc. The current mfi is 70.76.

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

Biglari Holdings Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Biglari Holdings Inc.

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

6.3. Candlestick Patterns

Biglari Holdings Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Biglari Holdings Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	60.366
Ma 20	Greater than	Ma 50	195.893
Ma 50	Greater than	Ma 100	186.407
Ma 100	Greater than	Ma 200	173.014
Open	Greater than	Close	197.840
Total			4/5 (80.0%)

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Biglari Holdings Inc Buy, Hold or Sell?

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Quick analysis of Biglari Holdings Inc (30 sec.)

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

$201.36

$289.72

$341.16 - $789.74

$630.88 - $1,079.46

2. Growth of Biglari Holdings Inc (5 min.)

Is Biglari Holdings Inc growing?

How much money is Biglari Holdings Inc making?

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

3. Financial Health of Biglari Holdings Inc (5 min.)

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

Industry Rankings (Restaurants)

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

What can you expect buying and holding a share of Biglari Holdings Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Biglari Holdings Inc

About Biglari Holdings Inc

Financial Health

Valuation

1.1. Profitability of Biglari Holdings Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Restaurants)

1.1.2. Return on Assets

Trends

Compared to industry (Restaurants)

1.1.3. Return on Equity

Trends

Compared to industry (Restaurants)

1.2. Operating Efficiency of Biglari Holdings Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Restaurants)

1.2.2. Operating Ratio

Trends

Compared to industry (Restaurants)

1.3. Liquidity of Biglari Holdings Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Restaurants)

1.3.2. Quick Ratio

Trends

Compared to industry (Restaurants)

1.4. Solvency of Biglari Holdings Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Restaurants)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Restaurants)

2. Market Valuation of Biglari Holdings Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Restaurants)

Biglari Holdings Inc
Buy, Hold or Sell?