BorgWarner Inc
Buy, Hold or Sell?

Let's analyse Borgwarner together

Penke I guess you are interested in BorgWarner 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 BorgWarner 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 Borgwarner (30 sec.)

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

How much money do you get?

$0.55

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$25.97

Expected worth in 1 year

$19.92

How sure are you?

72.5%

+ What do you gain per year?

Total Gains per Share

$-5.50

Return On Investment

-17.2%

For what price can you sell your share?

Current Price per Share

$31.86

Expected price per share

$27.19 - $35.81

How sure are you?

50%

1. Valuation of Borgwarner (5 min.)

Live pricePrice per Share (EOD)

$31.86

Book Value per Share

$25.97

Intrinsic Value Per Share

$53.49 - $142.28

Total Value Per Share

$79.45 - $168.25

My calculation of the intrinsic value of Borgwarner 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: ($0.60) 3Y: ($0.72) TTM: ($0.60)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.06) 3Y: ($0.17) TTM: ($0.00)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$2.91	$4.55	$3.40 - $5.68
2	$6.58	$11.62	$4.42 - $8.47
3	$10.92	$21.06	$5.44 - $11.26
4	$15.83	$32.73	$6.46 - $14.04
5	$21.25	$46.50	$7.47 - $16.83
6	$27.09	$62.22	$8.49 - $19.62
7	$33.29	$79.78	$9.51 - $22.41
8	$39.79	$99.05	$10.52 - $25.19
9	$46.54	$119.92	$11.54 - $27.98
10	$53.49	$142.28	$12.56 - $30.77

2. Growth of Borgwarner (5 min.)

Is Borgwarner growing?

	Current year	Previous year	Grow	Grow %
How rich?	$6b	$7.2b	-$380.2m	-5.5%

How much money is Borgwarner making?

	Current year	Previous year	Grow	Grow %
Making money	$156.2m	$236m	-$79.7m	-51.0%
Net Profit Margin	3.9%	6.0%	-	-

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

Quarterly Yearly

3. Financial Health of Borgwarner (5 min.)

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

Industry Rankings (Auto Parts)

Richest
#19 / 559

Most Revenue
#24 / 559

Most Profit
#26 / 559

Most Efficient
#273 / 559

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

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

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

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

Speculation

The Price per Share of Borgwarner is $31.86. 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 Borgwarner.
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 Borgwarner, 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 $25.97. Based on the TTM, the Book Value Change Per Share is $-1.51 per quarter. Based on the YOY, the Book Value Change Per Share is $0.45 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 $0.14 per quarter.

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

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	0.66	2.1%	0.67	2.1%	1.00	3.1%	0.71	2.2%	0.65	2.1%
Usd Book Value Change Per Share	0.44	1.4%	-1.51	-4.7%	0.45	1.4%	0.36	1.1%	0.26	0.8%
Usd Dividend Per Share	0.11	0.3%	0.14	0.4%	0.17	0.5%	0.16	0.5%	0.14	0.5%
Usd Total Gains Per Share	0.55	1.7%	-1.37	-4.3%	0.62	1.9%	0.51	1.6%	0.40	1.3%
Usd Price Per Share	35.85	-	43.55	-	35.96	-	39.92	-	43.35	-
Price to Earnings Ratio	13.60	-	22.10	-	9.20	-	14.72	-	13.94	-
Price-to-Total Gains Ratio	65.73	-	48.76	-	-82.80	-	15.94	-	20.39	-
Price to Book Ratio	1.38	-	1.48	-	1.17	-	1.55	-	2.20	-
Price-to-Total Gains Ratio	65.73	-	48.76	-	-82.80	-	15.94	-	20.39	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	31.86
Number of shares	31

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.14	0.16
Usd Book Value Change Per Share	-1.51	0.36
Usd Total Gains Per Share	-1.37	0.51
Gains per Quarter (31 shares)	-42.59	15.96
Gains per Year (31 shares)	-170.35	63.85

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	17	-188	-180	19	44	54
2	34	-375	-350	39	89	118
3	52	-563	-520	58	133	182
4	69	-750	-690	78	177	246
5	86	-938	-860	97	222	310
6	103	-1125	-1030	117	266	374
7	120	-1313	-1200	136	311	438
8	138	-1500	-1370	156	355	502
9	155	-1688	-1540	175	399	566
10	172	-1875	-1710	195	444	630

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	19.0	1.0	0.0	95.0%	37.0	3.0	0.0	92.5%	114.0	8.0	0.0	93.4%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	7.0	5.0	0.0	58.3%	14.0	6.0	0.0	70.0%	27.0	13.0	0.0	67.5%	89.0	32.0	1.0	73.0%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	118.0	0.0	4.0	96.7%
Total Gains per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	15.0	5.0	0.0	75.0%	29.0	11.0	0.0	72.5%	99.0	23.0	0.0	81.1%

Fundamentals of Borgwarner

About BorgWarner Inc

https://www.borgwarner.com
Auto Parts
39900
3850 Hamlin Road, Auburn Hills, MI, United States, 48326
Google Maps Bing Maps

BorgWarner Inc., together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging. The company provides power electronics, control modules, software, friction, and mechanical products for automatic transmissions and torque-management products. It sells its products to original equipment manufacturers of light vehicles, which comprise passenger cars, sport-utility vehicles, vans, and light trucks; commercial vehicles, including medium-duty and heavy-duty trucks, and buses; and off-highway vehicles, such as agricultural and construction machinery, and marine applications, as well as to tier one vehicle systems suppliers and the aftermarket for light, commercial, and off-highway vehicles. The company was formerly known as Borg-Warner Automotive, Inc. BorgWarner Inc. was incorporated in 1987 and is headquartered in Auburn Hills, Michigan.

Fundamental data was last updated by Penke on 2024-04-13 08:26:05.

Financial Health

Profitability Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of BorgWarner Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Borgwarner to the Auto Parts industry mean.
A Net Profit Margin of 4.4% means that $0.04 for each $1 in revenue is generated as profit.

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

The MRQ is 4.4%. The company is making a profit. +1
The TTM is 3.9%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	4.4%	TTM	3.9%	+0.5%
TTM	3.9%	YOY	6.0%	-2.1%
TTM	3.9%	5Y	4.8%	-0.9%
5Y	4.8%	10Y	5.4%	-0.6%

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
MRQ	4.4%	3.3%	+1.1%
TTM	3.9%	3.8%	+0.1%
YOY	6.0%	3.7%	+2.3%
5Y	4.8%	3.0%	+1.8%
10Y	5.4%	4.1%	+1.3%

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

Revenue is the amount of profit Borgwarner 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 Borgwarner 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 Borgwarner to the Auto Parts industry mean.
Can be used to compare companies within the Auto Parts industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Borgwarner. If profit margins remain low (compared to the Auto Parts 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 Borgwarner is 0.04. This means that Borgwarner earned $0.04 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Auto Parts industry is 3.3%.
What is the trend?
The trend is important because it shows you how Borgwarner is performing over time. The most recent quarter might be important if Borgwarner 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 Borgwarner 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 Borgwarner with other companies in the same industry (Auto Parts).
Net profit margin should rise over the years.
Can be influenced when Borgwarner sells assets (profit will increase while costs remain the same).
It won’t show what part of Borgwarner 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 Borgwarner

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 Borgwarner = 154,000
Total revenue MRQ Borgwarner = 3,522,000
$154,000 / $3,522,000 = 0.04 or 4.4%

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 Borgwarner is using its assets to generate profit.

Above 5% is considered healthy but always compare Borgwarner to the Auto Parts industry mean.
1.1% Return on Assets means that Borgwarner generated $0.01 profit for each $1 in assets.

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

The MRQ is 1.1%. Using its assets, the company is less efficient in making profit.
The TTM is 1.0%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.1%	TTM	1.0%	+0.1%
TTM	1.0%	YOY	1.4%	-0.5%
TTM	1.0%	5Y	1.2%	-0.2%
5Y	1.2%	10Y	1.4%	-0.2%

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
MRQ	1.1%	1.4%	-0.3%
TTM	1.0%	1.5%	-0.5%
YOY	1.4%	1.4%	+0.0%
5Y	1.2%	1.3%	-0.1%
10Y	1.4%	1.8%	-0.4%

Shows how efficient Borgwarner 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 Borgwarner to the Auto Parts 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 Borgwarner is using its resources to generate profit. If the return on assets (1.1%) from Borgwarner are higher than the Auto Parts mean (1.4%) that means Borgwarner 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 Borgwarner is 1.1%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Auto Parts industry is 1.4%.
What is the trend?
The trend is important because it shows you how Borgwarner is performing over time. The most recent quarter might be important if Borgwarner 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 Borgwarner 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 Borgwarner

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

Income statement
Balance sheet

Net income MRQ (income statement) from Borgwarner = 154,000
Total assets MRQ (balance sheet) from Borgwarner = 14,453,000
154,000 / 14,453,000 = 0.01 or 1.1%

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

Above 15%-20% is considered healthy but always compare Borgwarner to the Auto Parts industry mean.
2.6% Return on Equity means Borgwarner generated $0.03 for each $1 the owners (shareholders) invested.

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

The MRQ is 2.6%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.3%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.6%	TTM	2.3%	+0.4%
TTM	2.3%	YOY	3.4%	-1.1%
TTM	2.3%	5Y	2.8%	-0.5%
5Y	2.8%	10Y	3.2%	-0.4%

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
MRQ	2.6%	2.9%	-0.3%
TTM	2.3%	3.1%	-0.8%
YOY	3.4%	3.1%	+0.3%
5Y	2.8%	2.4%	+0.4%
10Y	3.2%	3.2%	0.0%

Shows how efficient Borgwarner 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 Borgwarner to the Auto Parts 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 Auto Parts 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 Borgwarner is 2.6%. This means Borgwarner generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Auto Parts industry is 2.9%.
What is the trend?
The trend is important because it shows you how Borgwarner is performing over time. The most recent quarter might be important if Borgwarner 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 Borgwarner up to 10 years back (depending if Borgwarner 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 Borgwarner

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Borgwarner = 154,000
Shareholders equity (balance sheet) MRQ Borgwarner = 5,828,000
154,000 / 5,828,000 = 0.03 or 2.6%

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 BorgWarner Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Borgwarner is operating .

Measures how much profit Borgwarner 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 Borgwarner to the Auto Parts industry mean.
An Operating Margin of 9.7% means the company generated $0.10 for each $1 in revenue (before taxes).

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

The MRQ is 9.7%. The company is operating less efficient.
The TTM is 8.4%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	9.7%	TTM	8.4%	+1.2%
TTM	8.4%	YOY	7.7%	+0.7%
TTM	8.4%	5Y	8.2%	+0.3%
5Y	8.2%	10Y	9.0%	-0.8%

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
MRQ	9.7%	5.4%	+4.3%
TTM	8.4%	4.1%	+4.3%
YOY	7.7%	4.7%	+3.0%
5Y	8.2%	4.8%	+3.4%
10Y	9.0%	5.6%	+3.4%

Measures how efficient Borgwarner 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 Borgwarner to the Auto Parts 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 Borgwarner 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 Borgwarner is 9.7%. This means that Borgwarner earned $0.10 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Auto Parts industry is 5.4%.
What is the trend?
The trend is important because it shows you how Borgwarner is performing over time. The most recent quarter might be important if Borgwarner 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 Borgwarner 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 Borgwarner

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Borgwarner = 281,000
Total revenue MRQ Borgwarner = 3,522,000
$281,000 / $3,522,000 = 0.10 or 9.7%

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 Borgwarner is keeping operating costs low.

Below 1 is considered healthy (always compare to Auto Parts industry mean).
An Operation Ratio of 0.91 means that the operating costs are $0.91 for each $1 in net sales.

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

The MRQ is 0.912. The company is less efficient in keeping operating costs low.
The TTM is 0.913. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.912	TTM	0.913	-0.001
TTM	0.913	YOY	0.908	+0.005
TTM	0.913	5Y	0.907	+0.006
5Y	0.907	10Y	0.902	+0.005

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
MRQ	0.912	1.641	-0.729
TTM	0.913	1.622	-0.709
YOY	0.908	1.617	-0.709
5Y	0.907	1.561	-0.654
10Y	0.902	1.364	-0.462

Measures how efficient Borgwarner 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 Borgwarner to the Auto Parts 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 Borgwarner is 91.2%. This means that Borgwarner earned $0.91 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 Auto Parts industry is 1.64.
What is the trend?
The trend is important because it shows you how Borgwarner is performing over time. The most recent quarter might be important if Borgwarner 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 Borgwarner 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 Borgwarner

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
(2,863,000 +349,000) \ 3,522,000 = 0.91

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 BorgWarner Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Auto Parts industry mean).
A Current Ratio of 1.65 means the company has $1.65 in assets for each $1 in short-term debts.

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

The MRQ is 1.650. The company is able to pay all its short-term debts. +1
The TTM is 1.630. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.650	TTM	1.630	+0.021
TTM	1.630	YOY	1.693	-0.064
TTM	1.630	5Y	1.738	-0.109
5Y	1.738	10Y	1.645	+0.094

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
MRQ	1.650	1.608	+0.042
TTM	1.630	1.613	+0.017
YOY	1.693	1.601	+0.092
5Y	1.738	1.586	+0.152
10Y	1.645	1.446	+0.199

Measures if Borgwarner 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 Auto Parts 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 Borgwarner 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 Borgwarner is 1.65. This means Borgwarner has $1.65 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Auto Parts industry is 1.61.
What is the trend?
The trend is important because it shows you how Borgwarner is performing over time. The most recent quarter might be important if Borgwarner 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 Borgwarner 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 Borgwarner

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
6,217,000 \ 3,767,000) = 1.65

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

Above 1 is considered healthy but always compare Borgwarner to the Auto Parts industry mean.
A Quick Ratio of 1.25 means the company can pay off $1.25 for each $1 in debt (using most liquid assets).

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

The MRQ is 1.252. The company is able to pay all its short-term debts with the most liquid assets. +1
The TTM is 1.164. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	1.252	TTM	1.164	+0.088
TTM	1.164	YOY	1.198	-0.034
TTM	1.164	5Y	1.294	-0.130
5Y	1.294	10Y	1.234	+0.060

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
MRQ	1.252	0.642	+0.610
TTM	1.164	0.682	+0.482
YOY	1.198	0.723	+0.475
5Y	1.294	0.749	+0.545
10Y	1.234	0.782	+0.452

1.4. Solvency of BorgWarner Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Borgwarner to Auto Parts industry mean.
A Debt to Asset Ratio of 0.58 means that Borgwarner assets are financed with 58.0% credit (debt) and the remaining percentage (100% - 58.0%) is financed by its owners/shareholders.

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

The MRQ is 0.580. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.564. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.580	TTM	0.564	+0.016
TTM	0.564	YOY	0.559	+0.005
TTM	0.564	5Y	0.556	+0.008
5Y	0.556	10Y	0.558	-0.002

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
MRQ	0.580	0.497	+0.083
TTM	0.564	0.497	+0.067
YOY	0.559	0.490	+0.069
5Y	0.556	0.489	+0.067
10Y	0.558	0.487	+0.071

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Borgwarner to Auto Parts 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 Borgwarner is 0.58. This means means that Borgwarner is financed with 58.0% 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 Auto Parts industry is 160.8%.
What is the trend?
The trend is important because it shows you how Borgwarner is performing over time. The most recent quarter might be important if Borgwarner 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 Borgwarner 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 Borgwarner has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Borgwarner

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

Balance sheet
Debt to asset ratio = total debt \ total assets
8,387,000 \ 14,453,000 = 58.0% or 0.58.

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 Borgwarner is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Borgwarner to the Auto Parts industry mean.
A Debt to Equity ratio of 143.9% means that company has $1.44 debt for each $1 in shareholders equity.

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

The MRQ is 1.439. The company is able to pay all its debts with equity. +1
The TTM is 1.344. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.439	TTM	1.344	+0.096
TTM	1.344	YOY	1.319	+0.025
TTM	1.344	5Y	1.309	+0.035
5Y	1.309	10Y	1.318	-0.010

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
MRQ	1.439	1.009	+0.430
TTM	1.344	1.007	+0.337
YOY	1.319	1.009	+0.310
5Y	1.309	1.010	+0.299
10Y	1.318	1.047	+0.271

Measures if Borgwarner 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 Borgwarner 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 Borgwarner is 1.44. This means that Borgwarner can pay off $1.44 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Auto Parts industry is 1.01.
What is the trend?
The trend is important because it shows you how Borgwarner is performing over time. The most recent quarter might be important if Borgwarner 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 Borgwarner 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 Borgwarner

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
8,387,000 \ 5,828,000 = 1.44 or 143.9%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of BorgWarner 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 Borgwarner generates.

Above 15 is considered overpriced but always compare Borgwarner to the Auto Parts industry mean.
A PE ratio of 13.60 means the investor is paying $13.60 for every $1 in earnings.

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

The EOD is 12.082. Based on the earnings, the company is underpriced. +1
The MRQ is 13.595. Based on the earnings, the company is underpriced. +1
The TTM is 22.096. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	12.082	MRQ	13.595	-1.513
MRQ	13.595	TTM	22.096	-8.501
TTM	22.096	YOY	9.205	+12.891
TTM	22.096	5Y	14.716	+7.381
5Y	14.716	10Y	13.938	+0.777

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
EOD	12.082	13.831	-1.749
MRQ	13.595	13.412	+0.183
TTM	22.096	13.955	+8.141
YOY	9.205	15.966	-6.761
5Y	14.716	18.014	-3.298
10Y	13.938	20.864	-6.926

Measures how much money you pay for each share for every $1 in earnings Borgwarner 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 Borgwarner to the Auto Parts 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 Borgwarner is 13.60. This means the investor is paying $13.60 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Auto Parts industry is 13.41.
What is the trend?
The trend is important because it shows you how Borgwarner is performing over time. The most recent quarter might be important if Borgwarner 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 Borgwarner 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 Borgwarner

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 \ 233,600 = EPS
PE ratio MRQ = 13.60

* 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 BorgWarner Inc:

The EOD is 2.740. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 3.083. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 21.438. Based on how much money comes from the company's main activities, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	2.740	MRQ	3.083	-0.343
MRQ	3.083	TTM	21.438	-18.355
TTM	21.438	YOY	2.118	+19.321
TTM	21.438	5Y	7.669	+13.769
5Y	7.669	10Y	9.664	-1.995

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
EOD	2.740	5.149	-2.409
MRQ	3.083	4.914	-1.831
TTM	21.438	4.023	+17.415
YOY	2.118	1.269	+0.849
5Y	7.669	2.964	+4.705
10Y	9.664	3.023	+6.641

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Auto Parts industry mean).
A PB ratio of 1.38 means the investor is paying $1.38 for each $1 in book value.

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

The EOD is 1.227. Based on the equity, the company is underpriced. +1
The MRQ is 1.381. Based on the equity, the company is underpriced. +1
The TTM is 1.483. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.227	MRQ	1.381	-0.154
MRQ	1.381	TTM	1.483	-0.103
TTM	1.483	YOY	1.170	+0.313
TTM	1.483	5Y	1.552	-0.069
5Y	1.552	10Y	2.204	-0.653

Compared to industry (Auto Parts)

Period	Company	Industry (mean)	+/-
EOD	1.227	1.460	-0.233
MRQ	1.381	1.438	-0.057
TTM	1.483	1.479	+0.004
YOY	1.170	1.644	-0.474
5Y	1.552	1.655	-0.103
10Y	2.204	2.132	+0.072

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding BorgWarner Inc

Institutions are holding 99.652% of the shares of BorgWarner Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	11.7544	0.0213	27147545	331401	1.2358
2023-12-31	BlackRock Inc	7.6271	0.0161	17615315	-239659	-1.3423
2023-12-31	Harris Associates L.P.	4.7467	0.6773	10962891	900228	8.9462
2023-12-31	State Street Corporation	4.6102	0.0186	10647491	-9788	-0.0918
2023-12-31	Victory Capital Management Inc.	4.1863	0.3646	9668438	948659	10.8794
2023-12-31	Dimensional Fund Advisors, Inc.	2.9471	0.0713	6806594	-327989	-4.5972
2023-12-31	Diamond Hill Capital Management Inc	2.5175	0.9159	5814316	350829	6.4213
2023-12-31	Geode Capital Management, LLC	2.3268	0.0201	5373927	112549	2.1392
2023-12-31	Amvescap Plc.	2.1564	0.0425	4980384	581300	13.2141
2023-12-31	American Century Companies Inc	2.0544	0.1169	4744706	555165	13.2512
2023-12-31	Bank of America Corp	1.7474	0.0146	4035768	-769803	-16.019
2023-12-31	Morgan Stanley - Brokerage Accounts	1.7335	0.0127	4003517	-175410	-4.1975
2023-12-31	LSV Asset Management	1.5	0.271	3464373	-145728	-4.0367
2023-12-31	Earnest Partners LLC	1.418	0.5862	3274930	318836	10.7857
2023-12-31	Turtle Creek Asset Management Inc.	1.377	3.0098	3180210	799450	33.5796
2023-12-31	Nuveen Asset Management, LLC	1.3263	0.0353	3063104	-22197	-0.7194
2023-12-31	FMR Inc	1.2036	0.0077	2779687	-433089	-13.4802
2023-12-31	Grantham, Mayo, Van Otterloo & Co., LLC	1.1529	0.4212	2662653	405580	17.9693
2023-12-31	Northern Trust Corp	1.1228	0.0168	2593125	-187570	-6.7454
2023-09-30	Citadel Advisors Llc	1.0571	0.0211	2441353	2433397	30585.6838
Total		58.5655	6.661	135260327	+5426161	+4.0%

3.2. Funds holding BorgWarner Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1943	0.0148	7377424	-14360	-0.1943
2023-12-31	Victory Sycamore Established Value R	2.9075	1.3341	6715000	585000	9.5432
2023-12-31	Oakmark Investor	2.7927	1.1958	6450000	450000	7.5
2024-02-29	Vanguard Small Cap Index	2.6245	0.1343	6061325	61920	1.0321
2024-02-29	Vanguard Institutional 500 Index Trust	2.5431	0.0171	5873458	59683	1.0266
2024-02-29	Diamond Hill Large Cap Equity	1.8678	0.9173	4313686	72651	1.713
2024-02-29	Vanguard Small Cap Value Index Inv	1.7899	0.242	4133884	22259	0.5414
2024-03-28	Invesco S&P 500® Equal Weight ETF	1.4328	0.211	3309068	8240	0.2496
2024-03-28	SPDR® S&P 500 ETF Trust	1.2376	0.0185	2858196	16320	0.5743
2024-02-29	Fidelity 500 Index	1.2206	0.017	2819109	28355	1.016
2023-12-31	American Century U.S. Mid Cap Value	1.1574	1.0757	2673192	230852	9.4521
2023-12-31	American Century Mid Cap Value Inv	1.1574	1.0778	2673192	230852	9.4521
2024-02-29	Diamond Hill Large Cap Inv	1.0912	0.9063	2520167	0	0
2024-03-28	iShares Core S&P 500 ETF	1.0314	0.0181	2382102	17536	0.7416
2023-12-31	Oakmark Equity And Income Investor	0.9523	1.217	2199298	0	0
2023-12-31	Harris Assoc. Oakmark Eq & Inc CIT	0.9523	1.2163	2199298	0	0
2024-01-31	TIAA-CREF Growth & Income Instl	0.8018	1.0702	1851832	-25650	-1.3662
2024-02-29	DFA US Targeted Value I	0.7509	0.4183	1734241	0	0
2023-12-31	Vanguard Windsor™ II Inv	0.7429	0.1086	1715700	528700	44.5409
2024-02-29	Vanguard Institutional Index I	0.6707	0.017	1549123	-9035	-0.5799
Total		30.9191	11.2272	71409295	+2263323	+3.2%

3.3. Insider Transactions

Insiders are holding 0.631% of the shares of BorgWarner Inc.

Date	Owner	Type	Amount	Price
2024-03-13	Stefan Demmerle	SELL	3000	33
2024-03-07	Volker Weng	SELL	20000	32.85
2024-03-05	Stefan Demmerle	SELL	3000	31.29
2024-02-14	Frederic Lissalde	SELL	225900	31.08
2024-02-12	Tonit M Calaway	SELL	35603	32.15
2023-06-14	Stefan Demmerle	SELL	5000	47.61
2023-05-30	Joseph F Fadool	SELL	210	46.7
2023-05-17	Alexis P Michas	SELL	7173	44.45

4. Summary

4.1. Key Performance Indicators

The key performance indicators of BorgWarner 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	-	-	0.438	-1.512	+445%	0.446	-2%	0.358	+23%	0.256	+71%
Book Value Per Share	-	-	25.967	29.363	-12%	30.680	-15%	26.371	-2%	21.408	+21%
Current Ratio	-	-	1.650	1.630	+1%	1.693	-3%	1.738	-5%	1.645	+0%
Debt To Asset Ratio	-	-	0.580	0.564	+3%	0.559	+4%	0.556	+4%	0.558	+4%
Debt To Equity Ratio	-	-	1.439	1.344	+7%	1.319	+9%	1.309	+10%	1.318	+9%
Dividend Per Share	-	-	0.107	0.139	-23%	0.170	-37%	0.157	-32%	0.145	-26%
Eps	-	-	0.659	0.667	-1%	0.998	-34%	0.712	-7%	0.654	+1%
Free Cash Flow Per Share	-	-	2.907	0.605	+381%	0.901	+222%	0.703	+313%	0.597	+387%
Free Cash Flow To Equity Per Share	-	-	1.866	0.048	+3768%	0.304	+514%	0.538	+247%	0.412	+353%
Gross Profit Margin	-	-	4.753	1.938	+145%	0.647	+635%	0.841	+465%	0.921	+416%
Intrinsic Value_10Y_max	-	-	142.282	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	53.486	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	4.546	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	2.911	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	21.061	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	10.919	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	46.498	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	21.247	-	-	-	-	-	-	-	-
Market Cap	7358258160.000	-14%	8374560000.000	10208978450.000	-18%	8513869035.000	-2%	9385606534.361	-11%	10095592195.971	-17%
Net Profit Margin	-	-	0.044	0.039	+13%	0.060	-27%	0.048	-8%	0.054	-19%
Operating Margin	-	-	0.097	0.084	+14%	0.077	+25%	0.082	+18%	0.090	+7%
Operating Ratio	-	-	0.912	0.913	0%	0.908	+0%	0.907	+1%	0.902	+1%
Pb Ratio	1.227	-13%	1.381	1.483	-7%	1.170	+18%	1.552	-11%	2.204	-37%
Pe Ratio	12.082	-13%	13.595	22.096	-38%	9.205	+48%	14.716	-8%	13.938	-2%
Price Per Share	31.860	-13%	35.850	43.546	-18%	35.959	0%	39.921	-10%	43.353	-17%
Price To Free Cash Flow Ratio	2.740	-13%	3.083	21.438	-86%	2.118	+46%	7.669	-60%	9.664	-68%
Price To Total Gains Ratio	58.419	-13%	65.735	48.760	+35%	-82.803	+226%	15.937	+312%	20.390	+222%
Quick Ratio	-	-	1.252	1.164	+8%	1.198	+5%	1.294	-3%	1.234	+1%
Return On Assets	-	-	0.011	0.010	+10%	0.014	-26%	0.012	-11%	0.014	-24%
Return On Equity	-	-	0.026	0.023	+16%	0.034	-22%	0.028	-5%	0.032	-17%
Total Gains Per Share	-	-	0.545	-1.374	+352%	0.616	-11%	0.515	+6%	0.401	+36%
Usd Book Value	-	-	6066000000.000	6883250000.000	-12%	7263500000.000	-16%	6207600000.000	-2%	5002897500.000	+21%
Usd Book Value Change Per Share	-	-	0.438	-1.512	+445%	0.446	-2%	0.358	+23%	0.256	+71%
Usd Book Value Per Share	-	-	25.967	29.363	-12%	30.680	-15%	26.371	-2%	21.408	+21%
Usd Dividend Per Share	-	-	0.107	0.139	-23%	0.170	-37%	0.157	-32%	0.145	-26%
Usd Eps	-	-	0.659	0.667	-1%	0.998	-34%	0.712	-7%	0.654	+1%
Usd Free Cash Flow	-	-	679000000.000	141250000.000	+381%	211500000.000	+221%	164950000.000	+312%	139092500.000	+388%
Usd Free Cash Flow Per Share	-	-	2.907	0.605	+381%	0.901	+222%	0.703	+313%	0.597	+387%
Usd Free Cash Flow To Equity Per Share	-	-	1.866	0.048	+3768%	0.304	+514%	0.538	+247%	0.412	+353%
Usd Market Cap	7358258160.000	-14%	8374560000.000	10208978450.000	-18%	8513869035.000	-2%	9385606534.361	-11%	10095592195.971	-17%
Usd Price Per Share	31.860	-13%	35.850	43.546	-18%	35.959	0%	39.921	-10%	43.353	-17%
Usd Profit	-	-	154000000.000	156250000.000	-1%	236000000.000	-35%	167600000.000	-8%	152665000.000	+1%
Usd Revenue	-	-	3522000000.000	3961000000.000	-11%	3950250000.000	-11%	3340800000.000	+5%	2813605000.000	+25%
Usd Total Gains Per Share	-	-	0.545	-1.374	+352%	0.616	-11%	0.515	+6%	0.401	+36%
	EOD	+4 -4	MRQ	TTM	+22 -14	YOY	+10 -26	5Y	+17 -19	10Y	+25 -11

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	12.082
Price to Book Ratio (EOD)	Between	0-1	1.227
Net Profit Margin (MRQ)	Greater than	0	0.044
Operating Margin (MRQ)	Greater than	0	0.097
Quick Ratio (MRQ)	Greater than	1	1.252
Current Ratio (MRQ)	Greater than	1	1.650
Debt to Asset Ratio (MRQ)	Less than	1	0.580
Debt to Equity Ratio (MRQ)	Less than	1	1.439
Return on Equity (MRQ)	Greater than	0.15	0.026
Return on Assets (MRQ)	Greater than	0.05	0.011
Total			6/10 (60.0%)

Create your own Stock Scanner

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

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	36.411
Ma 20	Greater than	Ma 50	34.010
Ma 50	Greater than	Ma 100	32.536
Ma 100	Greater than	Ma 200	33.352
Open	Greater than	Close	32.740
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

Latest Balance Sheet

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

Summary

Total Assets	14,453,000
Total Liabilities	8,387,000
Total Stockholder Equity	5,828,000

	As reported
Total Liabilities	8,387,000
Total Stockholder Equity	+ 5,828,000
Total Assets	= 14,453,000

Assets

Total Assets	14,453,000
Total Current Assets	6,217,000
Long-term Assets	8,236,000

Total Current Assets

Total Current Assets (as reported)	6,217,000
Cash And Cash Equivalents	1,534,000
Short-term Investments	56,000
Net Receivables	3,127,000
Inventory	1,313,000
Other Current Assets	74,000
Total Current Assets (calculated)	6,104,000
+/-	113,000

Long-term Assets

Long-term Assets (as reported)	8,236,000
Property Plant Equipment	3,926,000
Goodwill	3,013,000
Long Term Investments	308,000
Intangible Assets	564,000
Long-term Assets Other	168,000
Long-term Assets (calculated)	7,979,000
+/-	257,000

Liabilities & Shareholders' Equity

Total Current Liabilities	3,767,000
Long-term Liabilities	4,620,000
Total Stockholder Equity	5,828,000

Total Current Liabilities

Total Current Liabilities (as reported)	3,767,000
Short-term Debt	110,000
Short Long Term Debt	73,000
Accounts payable	2,546,000
Other Current Liabilities	969,000
Total Current Liabilities (calculated)	3,698,000
+/-	69,000

Long-term Liabilities

Long-term Liabilities (as reported)	4,620,000
Long term Debt	3,707,000
Capital Lease Obligations	149,000
Long-term Liabilities Other	74,000
Long-term Liabilities (calculated)	3,930,000
+/-	690,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	5,828,000
Common Stock	3,000
Retained Earnings	6,152,000
Accumulated Other Comprehensive Income	-828,000
Other Stockholders Equity	501,000
Total Stockholder Equity (calculated)	5,828,000
+/-	0

Other

Capital Stock	3,000
Cash and Short Term Investments	1,534,000
Common Stock Shares Outstanding	233,600
Current Deferred Revenue	142,000
Liabilities and Stockholders Equity	14,453,000
Net Debt	2,395,000
Net Invested Capital	9,608,000
Net Working Capital	2,450,000
Property Plant and Equipment Gross	7,742,000
Short Long Term Debt Total	3,929,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

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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

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1993-12-31

1993-09-30

1993-06-30

1993-03-31

1992-12-31

1992-09-30

1992-06-30

1992-03-31

> Total Assets

0
0
0
1,074,200
0
1,136,700
1,154,500
1,159,400
1,199,500
1,221,900
1,233,200
1,240,300
1,269,600
1,337,100
1,308,700
1,335,200
1,335,200
1,649,900
1,666,100
1,623,600
1,648,700
1,692,900
1,696,400
1,736,300
1,757,500
1,762,200
1,759,500
1,846,100
2,755,600
2,734,100
2,746,000
2,970,700
2,904,000
2,891,800
2,844,000
2,765,900
2,768,200
2,720,900
2,770,300
2,770,900
2,505,000
2,615,800
2,672,500
2,682,900
2,748,300
2,856,300
2,939,500
3,038,900
3,169,800
3,194,800
3,286,700
3,529,100
4,206,400
4,136,900
4,159,800
4,089,400
4,206,200
4,297,300
4,377,100
4,584,000
4,705,300
4,775,600
4,854,200
4,958,500
5,287,200
5,441,400
4,886,000
4,644,000
4,353,700
4,611,000
4,791,200
4,811,400
4,966,200
4,969,200
5,577,700
5,555,000
6,007,000
6,226,000
6,094,300
5,958,600
6,281,300
6,220,700
6,346,500
6,400,800
6,528,900
6,705,400
6,964,300
6,917,000
7,357,800
7,457,000
7,282,300
7,228,000
7,522,600
7,766,300
7,687,100
8,841,500
8,940,700
8,988,600
9,007,300
8,834,700
9,083,700
9,288,500
9,816,200
9,787,600
10,034,800
9,777,200
9,716,400
10,095,300
10,104,000
10,231,000
10,199,000
9,702,000
9,502,000
10,337,000
10,892,000
16,034,000
15,971,000
16,863,000
16,491,000
16,575,000
16,678,000
16,144,000
16,077,000
16,994,000
17,117,000
17,317,000
14,104,000
14,453,000

14,453,000

14,104,000

17,317,000

17,117,000

16,994,000

16,077,000

16,144,000

16,678,000

16,575,000

16,491,000

16,863,000

15,971,000

16,034,000

10,892,000

10,337,000

9,502,000

9,702,000

10,199,000

10,231,000

10,104,000

10,095,300

9,716,400

9,777,200

10,034,800

9,787,600

9,816,200

9,288,500

9,083,700

8,834,700

9,007,300

8,988,600

8,940,700

8,841,500

7,687,100

7,766,300

7,522,600

7,228,000

7,282,300

7,457,000

7,357,800

6,917,000

6,964,300

6,705,400

6,528,900

6,400,800

6,346,500

6,220,700

6,281,300

5,958,600

6,094,300

6,226,000

6,007,000

5,555,000

5,577,700

4,969,200

4,966,200

4,811,400

4,791,200

4,611,000

4,353,700

4,644,000

4,886,000

5,441,400

5,287,200

4,958,500

4,854,200

4,775,600

4,705,300

4,584,000

4,377,100

4,297,300

4,206,200

4,089,400

4,159,800

4,136,900

4,206,400

3,529,100

3,286,700

3,194,800

3,169,800

3,038,900

2,939,500

2,856,300

2,748,300

2,682,900

2,672,500

2,615,800

2,505,000

2,770,900

2,770,300

2,720,900

2,768,200

2,765,900

2,844,000

2,891,800

2,904,000

2,970,700

2,746,000

2,734,100

2,755,600

1,846,100

1,759,500

1,762,200

1,757,500

1,736,300

1,696,400

1,692,900

1,648,700

1,623,600

1,666,100

1,649,900

1,335,200

1,308,700

1,337,100

1,269,600

1,240,300

1,233,200

1,221,900

1,199,500

1,159,400

1,154,500

1,136,700

1,074,200

> Total Current Assets

0
0
0
173,300
0
189,300
200,700
193,400
222,300
233,800
235,900
215,800
231,700
241,200
232,900
207,500
207,500
267,800
271,500
253,100
285,500
303,600
304,200
306,900
322,800
326,400
368,500
376,100
694,600
681,600
668,400
558,300
506,300
491,900
480,700
410,600
434,500
411,800
436,000
441,300
476,000
544,100
587,400
566,500
628,700
696,800
753,200
824,600
928,600
962,900
1,019,400
1,074,300
1,227,500
1,221,800
1,238,300
1,168,700
1,252,800
1,291,100
1,344,800
1,437,500
1,534,500
1,582,100
1,635,600
1,580,300
1,767,100
1,812,100
1,625,000
1,308,200
1,188,400
1,394,800
1,504,900
1,551,800
1,759,000
1,702,300
2,103,700
2,059,900
2,153,700
2,305,700
2,267,700
2,137,800
2,410,000
2,420,500
2,493,600
2,472,800
2,601,500
2,736,900
2,906,200
2,798,500
3,021,300
3,037,300
2,951,800
2,970,800
3,325,400
3,401,400
3,301,000
3,135,300
3,182,400
3,206,900
3,289,200
2,911,600
3,107,300
3,193,200
3,401,100
3,543,200
3,697,800
3,543,700
3,490,600
3,804,600
3,719,000
3,849,000
3,987,000
3,836,000
3,741,000
4,641,000
5,165,000
6,167,000
6,582,000
6,537,000
6,462,000
6,597,000
6,640,000
6,480,000
6,547,000
6,617,000
6,607,000
6,876,000
5,900,000
6,217,000

6,217,000

5,900,000

6,876,000

6,607,000

6,617,000

6,547,000

6,480,000

6,640,000

6,597,000

6,462,000

6,537,000

6,582,000

6,167,000

5,165,000

4,641,000

3,741,000

3,836,000

3,987,000

3,849,000

3,719,000

3,804,600

3,490,600

3,543,700

3,697,800

3,543,200

3,401,100

3,193,200

3,107,300

2,911,600

3,289,200

3,206,900

3,182,400

3,135,300

3,301,000

3,401,400

3,325,400

2,970,800

2,951,800

3,037,300

3,021,300

2,798,500

2,906,200

2,736,900

2,601,500

2,472,800

2,493,600

2,420,500

2,410,000

2,137,800

2,267,700

2,305,700

2,153,700

2,059,900

2,103,700

1,702,300

1,759,000

1,551,800

1,504,900

1,394,800

1,188,400

1,308,200

1,625,000

1,812,100

1,767,100

1,580,300

1,635,600

1,582,100

1,534,500

1,437,500

1,344,800

1,291,100

1,252,800

1,168,700

1,238,300

1,221,800

1,227,500

1,074,300

1,019,400

962,900

928,600

824,600

753,200

696,800

628,700

566,500

587,400

544,100

476,000

441,300

436,000

411,800

434,500

410,600

480,700

491,900

506,300

558,300

668,400

681,600

694,600

376,100

368,500

326,400

322,800

306,900

304,200

303,600

285,500

253,100

271,500

267,800

207,500

232,900

241,200

231,700

215,800

235,900

233,800

222,300

193,400

200,700

189,300

173,300

Cash And Cash Equivalents

0
0
0
9,400
0
16,100
17,200
9,400
17,500
18,100
18,000
14,900
15,900
16,800
14,100
12,100
12,100
16,800
22,100
11,500
13,200
29,400
19,400
13,400
7,500
13,900
11,700
44,000
47,300
37,200
25,200
21,700
13,400
21,300
28,100
10,100
15,500
23,600
38,600
32,900
22,000
30,200
46,300
36,600
25,900
73,400
106,800
113,100
78,700
144,000
189,000
229,700
163,200
146,600
139,500
89,700
56,800
67,200
67,000
123,300
118,100
118,500
137,400
188,500
203,400
225,900
135,800
103,400
90,800
256,900
258,800
357,400
374,100
187,500
432,200
449,900
222,900
372,400
377,000
359,600
396,900
481,900
621,500
715,700
695,400
817,000
920,400
939,500
808,100
771,400
782,800
797,800
1,035,500
1,107,900
1,033,300
577,700
392,300
495,000
518,700
443,700
358,400
387,100
414,300
545,300
409,700
361,900
361,800
739,400
494,000
710,000
916,000
832,000
901,000
2,003,000
2,121,000
1,650,000
1,755,000
1,553,000
1,507,000
1,841,000
1,501,000
1,390,000
1,241,000
1,338,000
950,000
848,000
949,000
1,534,000

1,534,000

949,000

848,000

950,000

1,338,000

1,241,000

1,390,000

1,501,000

1,841,000

1,507,000

1,553,000

1,755,000

1,650,000

2,121,000

2,003,000

901,000

832,000

916,000

710,000

494,000

739,400

361,800

361,900

409,700

545,300

414,300

387,100

358,400

443,700

518,700

495,000

392,300

577,700

1,033,300

1,107,900

1,035,500

797,800

782,800

771,400

808,100

939,500

920,400

817,000

695,400

715,700

621,500

481,900

396,900

359,600

377,000

372,400

222,900

449,900

432,200

187,500

374,100

357,400

258,800

256,900

90,800

103,400

135,800

225,900

203,400

188,500

137,400

118,500

118,100

123,300

67,000

67,200

56,800

89,700

139,500

146,600

163,200

229,700

189,000

144,000

78,700

113,100

106,800

73,400

25,900

36,600

46,300

30,200

22,000

32,900

38,600

23,600

15,500

10,100

28,100

21,300

13,400

21,700

25,200

37,200

47,300

44,000

11,700

13,900

7,500

13,400

19,400

29,400

13,200

11,500

22,100

16,800

12,100

14,100

16,800

15,900

14,900

18,000

18,100

17,500

9,400

17,200

16,100

9,400

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
11,300
0
0
0
0
0
0
0
14,200
0
0
0
32,000
0
0
0
44,200
0
0
0
40,600
65,800
61,400
71,300
59,100
58,000
58,400
38,900
14,600
11,800
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
422,000
422,000
0
12,300
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
305,000
820,000
557,000
546,000
513,000
0
0
0
0
87,000
0
0
0
56,000

56,000

87,000

513,000

546,000

557,000

820,000

305,000

12,300

422,000

11,800

14,600

38,900

58,400

58,000

59,100

71,300

61,400

65,800

40,600

44,200

32,000

14,200

11,300

Net Receivables

0
0
0
83,200
0
85,700
86,700
98,900
107,600
113,800
95,900
98,900
102,300
108,800
99,900
91,400
91,400
134,300
126,900
124,600
144,900
144,000
138,600
158,600
183,500
155,700
192,000
185,400
230,400
224,600
215,600
216,200
276,300
252,200
231,000
168,900
202,800
197,000
200,000
203,700
250,000
295,600
291,600
292,100
358,800
367,000
381,000
414,900
515,600
491,200
497,100
499,100
654,700
640,600
660,800
626,100
703,600
716,700
695,600
767,300
795,400
848,300
870,100
802,400
955,100
951,100
849,100
607,100
622,100
681,100
779,600
732,000
885,200
977,400
1,064,400
1,023,900
1,278,400
1,269,900
1,237,900
1,183,000
1,369,400
1,327,700
1,261,400
1,147,300
1,318,400
1,339,700
1,347,500
1,248,500
1,546,100
1,571,700
1,466,100
1,443,500
1,564,700
1,573,000
1,551,500
1,665,000
1,861,200
1,806,900
1,764,000
1,689,300
1,934,300
1,939,300
2,046,100
2,018,900
2,247,100
2,131,000
2,061,100
1,987,400
2,065,000
2,063,000
1,983,000
1,921,000
1,735,000
1,535,000
1,977,000
2,919,000
3,168,000
3,085,000
2,890,000
2,898,000
3,185,000
3,152,000
3,381,000
3,323,000
3,566,000
3,856,000
3,351,000
3,127,000

3,127,000

3,351,000

3,856,000

3,566,000

3,323,000

3,381,000

3,152,000

3,185,000

2,898,000

2,890,000

3,085,000

3,168,000

2,919,000

1,977,000

1,535,000

1,735,000

1,921,000

1,983,000

2,063,000

2,065,000

1,987,400

2,061,100

2,131,000

2,247,100

2,018,900

2,046,100

1,939,300

1,934,300

1,689,300

1,764,000

1,806,900

1,861,200

1,665,000

1,551,500

1,573,000

1,564,700

1,443,500

1,466,100

1,571,700

1,546,100

1,248,500

1,347,500

1,339,700

1,318,400

1,147,300

1,261,400

1,327,700

1,369,400

1,183,000

1,237,900

1,269,900

1,278,400

1,023,900

1,064,400

977,400

885,200

732,000

779,600

681,100

622,100

607,100

849,100

951,100

955,100

802,400

870,100

848,300

795,400

767,300

695,600

716,700

703,600

626,100

660,800

640,600

654,700

499,100

497,100

491,200

515,600

414,900

381,000

367,000

358,800

292,100

291,600

295,600

250,000

203,700

200,000

197,000

202,800

168,900

231,000

252,200

276,300

216,200

215,600

224,600

230,400

185,400

192,000

155,700

183,500

158,600

138,600

144,000

144,900

124,600

126,900

134,300

91,400

99,900

108,800

102,300

98,900

95,900

113,800

107,600

98,900

86,700

85,700

83,200

Other Current Assets

0
0
0
15,900
0
24,100
23,900
17,000
28,200
34,400
40,100
20,700
23,500
25,800
26,600
10,000
10,000
11,600
13,200
25,900
28,800
29,300
34,400
26,900
23,100
32,300
34,000
31,000
251,800
249,900
252,200
156,000
36,600
36,400
37,100
58,700
32,100
19,500
20,300
60,900
36,000
13,100
13,400
14,200
14,700
15,600
29,700
62,500
39,800
39,600
40,300
44,200
78,600
83,400
90,200
80,300
85,300
88,500
131,000
51,300
138,000
132,300
138,300
80,800
125,000
136,800
140,400
75,800
123,100
143,300
151,900
148,100
149,400
158,600
165,100
49,400
161,700
167,900
170,400
55,400
162,900
138,200
135,400
22,000
77,500
82,900
183,600
152,400
98,700
113,200
121,400
223,800
139,000
145,000
137,100
169,000
172,600
160,400
147,500
137,400
157,700
165,400
167,300
145,400
171,000
185,100
192,900
250,000
280,000
259,000
278,000
276,000
258,000
267,000
252,000
312,000
121,000
132,000
308,000
321,000
135,000
130,000
89,000
269,000
291,000
312,000
272,000
74,000

74,000

272,000

312,000

291,000

269,000

89,000

130,000

135,000

321,000

308,000

132,000

121,000

312,000

252,000

267,000

258,000

276,000

278,000

259,000

280,000

250,000

192,900

185,100

171,000

145,400

167,300

165,400

157,700

137,400

147,500

160,400

172,600

169,000

137,100

145,000

139,000

223,800

121,400

113,200

98,700

152,400

183,600

82,900

77,500

22,000

135,400

138,200

162,900

55,400

170,400

167,900

161,700

49,400

165,100

158,600

149,400

148,100

151,900

143,300

123,100

75,800

140,400

136,800

125,000

80,800

138,300

132,300

138,000

51,300

131,000

88,500

85,300

80,300

90,200

83,400

78,600

44,200

40,300

39,600

39,800

62,500

29,700

15,600

14,700

14,200

13,400

13,100

36,000

60,900

20,300

19,500

32,100

58,700

37,100

36,400

36,600

156,000

252,200

249,900

251,800

31,000

34,000

32,300

23,100

26,900

34,400

29,300

28,800

25,900

13,200

11,600

10,000

26,600

25,800

23,500

20,700

40,100

34,400

28,200

17,000

23,900

24,100

15,900

> Long-term Assets

0
0
0
900,900
0
947,400
953,800
966,000
977,200
988,100
997,300
1,024,500
1,037,900
1,095,900
1,075,800
1,127,700
1,127,700
1,382,100
1,394,600
1,370,500
1,363,200
1,389,300
1,392,200
1,429,400
1,434,700
1,435,800
1,391,000
1,470,000
2,061,000
2,052,500
2,077,600
2,412,400
2,397,700
2,399,900
2,363,300
2,355,300
2,333,700
2,309,100
2,334,300
2,329,600
2,029,000
2,071,700
2,085,100
2,116,400
2,119,600
2,159,500
2,186,300
2,214,300
2,241,200
2,231,900
2,267,300
2,454,800
2,978,900
2,915,100
2,921,500
2,920,700
2,953,400
3,006,200
3,032,300
3,146,500
3,170,800
3,193,500
3,218,600
3,378,200
3,520,100
3,629,300
3,261,000
3,335,800
3,165,300
3,216,200
3,286,300
3,259,600
3,207,200
3,266,900
3,474,000
3,495,100
3,853,300
3,920,300
3,826,600
3,820,800
3,871,300
3,800,200
3,852,900
3,928,000
3,927,400
3,968,500
4,058,100
4,118,500
4,336,500
4,419,700
4,330,500
4,257,200
4,197,200
4,364,900
4,386,100
5,706,200
5,758,300
5,781,700
5,718,100
5,923,100
5,976,400
6,095,300
6,415,100
6,244,400
6,337,000
6,233,500
6,225,800
6,290,700
6,385,000
6,382,000
6,212,000
5,866,000
5,761,000
5,696,000
5,727,000
9,867,000
9,389,000
10,326,000
10,029,000
9,978,000
10,038,000
9,664,000
9,530,000
10,377,000
10,510,000
10,441,000
8,204,000
8,236,000

8,236,000

8,204,000

10,441,000

10,510,000

10,377,000

9,530,000

9,664,000

10,038,000

9,978,000

10,029,000

10,326,000

9,389,000

9,867,000

5,727,000

5,696,000

5,761,000

5,866,000

6,212,000

6,382,000

6,385,000

6,290,700

6,225,800

6,233,500

6,337,000

6,244,400

6,415,100

6,095,300

5,976,400

5,923,100

5,718,100

5,781,700

5,758,300

5,706,200

4,386,100

4,364,900

4,197,200

4,257,200

4,330,500

4,419,700

4,336,500

4,118,500

4,058,100

3,968,500

3,927,400

3,928,000

3,852,900

3,800,200

3,871,300

3,820,800

3,826,600

3,920,300

3,853,300

3,495,100

3,474,000

3,266,900

3,207,200

3,259,600

3,286,300

3,216,200

3,165,300

3,335,800

3,261,000

3,629,300

3,520,100

3,378,200

3,218,600

3,193,500

3,170,800

3,146,500

3,032,300

3,006,200

2,953,400

2,920,700

2,921,500

2,915,100

2,978,900

2,454,800

2,267,300

2,231,900

2,241,200

2,214,300

2,186,300

2,159,500

2,119,600

2,116,400

2,085,100

2,071,700

2,029,000

2,329,600

2,334,300

2,309,100

2,333,700

2,355,300

2,363,300

2,399,900

2,397,700

2,412,400

2,077,600

2,052,500

2,061,000

1,470,000

1,391,000

1,435,800

1,434,700

1,429,400

1,392,200

1,389,300

1,363,200

1,370,500

1,394,600

1,382,100

1,127,700

1,075,800

1,095,900

1,037,900

1,024,500

997,300

988,100

977,200

966,000

953,800

947,400

900,900

Property Plant Equipment

0
0
0
412,900
0
411,900
415,900
418,300
426,200
434,400
441,600
462,300
462,300
502,700
499,300
523,000
523,000
539,300
547,900
534,200
532,100
552,200
558,700
611,700
620,300
629,500
603,900
634,500
703,400
709,000
725,100
796,000
791,900
809,300
803,100
807,200
791,600
794,600
822,200
838,200
828,000
858,300
856,400
894,900
897,000
919,900
927,600
985,300
993,400
990,900
1,007,300
1,077,200
1,299,700
1,257,600
1,257,000
1,294,900
1,301,500
1,459,500
1,445,800
1,460,700
1,460,600
1,476,700
1,524,900
1,609,100
1,672,200
1,701,800
1,611,400
1,586,200
1,510,100
1,502,100
1,525,000
1,490,300
1,436,400
1,405,900
1,509,100
1,542,600
1,623,200
1,681,400
1,637,200
1,664,300
1,696,400
1,672,700
1,698,700
1,788,000
1,765,200
1,796,300
1,875,400
1,939,400
2,027,800
2,089,300
2,067,400
2,093,900
2,049,900
2,160,500
2,185,200
2,448,100
2,498,900
2,502,800
2,518,500
2,501,800
2,553,100
2,663,800
2,753,700
2,863,800
2,923,800
2,825,700
2,827,800
2,903,800
2,895,000
2,891,000
2,812,000
2,925,000
2,839,000
2,781,000
2,824,000
4,591,000
4,668,000
4,744,000
4,398,000
4,395,000
4,521,000
4,327,000
4,190,000
4,365,000
4,463,000
4,482,000
3,569,000
3,926,000

3,926,000

3,569,000

4,482,000

4,463,000

4,365,000

4,190,000

4,327,000

4,521,000

4,395,000

4,398,000

4,744,000

4,668,000

4,591,000

2,824,000

2,781,000

2,839,000

2,925,000

2,812,000

2,891,000

2,895,000

2,903,800

2,827,800

2,825,700

2,923,800

2,863,800

2,753,700

2,663,800

2,553,100

2,501,800

2,518,500

2,502,800

2,498,900

2,448,100

2,185,200

2,160,500

2,049,900

2,093,900

2,067,400

2,089,300

2,027,800

1,939,400

1,875,400

1,796,300

1,765,200

1,788,000

1,698,700

1,672,700

1,696,400

1,664,300

1,637,200

1,681,400

1,623,200

1,542,600

1,509,100

1,405,900

1,436,400

1,490,300

1,525,000

1,502,100

1,510,100

1,586,200

1,611,400

1,701,800

1,672,200

1,609,100

1,524,900

1,476,700

1,460,600

1,460,700

1,445,800

1,459,500

1,301,500

1,294,900

1,257,000

1,257,600

1,299,700

1,077,200

1,007,300

990,900

993,400

985,300

927,600

919,900

897,000

894,900

856,400

858,300

828,000

838,200

822,200

794,600

791,600

807,200

803,100

809,300

791,900

796,000

725,100

709,000

703,400

634,500

603,900

629,500

620,300

611,700

558,700

552,200

532,100

534,200

547,900

539,300

523,000

499,300

502,700

462,300

441,600

434,400

426,200

418,300

415,900

411,900

412,900

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
1,203,100
1,191,400
1,179,200
0
1,160,600
813,900
822,400
822,900
827,000
828,500
842,900
844,000
852,000
851,700
850,600
851,900
860,800
1,037,300
1,018,000
1,016,600
1,029,800
1,036,800
1,052,900
1,102,500
1,086,500
1,090,500
1,095,400
1,113,100
1,168,200
1,199,800
1,270,700
1,067,700
1,052,400
1,038,100
1,057,300
1,068,600
1,061,400
1,041,200
1,080,700
1,120,000
1,113,500
1,231,700
1,240,700
1,203,500
1,186,200
1,200,500
1,161,800
1,172,300
1,181,400
1,170,000
1,172,200
1,190,300
1,197,000
1,244,800
1,243,900
1,210,800
1,205,700
1,168,600
1,184,900
1,183,700
1,757,700
1,774,200
1,767,000
1,730,200
1,702,200
1,708,100
1,734,700
1,882,100
1,881,800
1,890,600
1,858,100
1,856,500
1,853,400
1,848,000
1,845,000
1,818,000
1,842,000
1,818,000
1,830,000
1,855,000
2,627,000
2,596,000
3,325,000
3,285,000
3,279,000
3,388,000
3,284,000
3,271,000
3,397,000
3,420,000
3,404,000
2,936,000
3,013,000

3,013,000

2,936,000

3,404,000

3,420,000

3,397,000

3,271,000

3,284,000

3,388,000

3,279,000

3,285,000

3,325,000

2,596,000

2,627,000

1,855,000

1,830,000

1,818,000

1,842,000

1,818,000

1,845,000

1,848,000

1,853,400

1,856,500

1,858,100

1,890,600

1,881,800

1,882,100

1,734,700

1,708,100

1,702,200

1,730,200

1,767,000

1,774,200

1,757,700

1,183,700

1,184,900

1,168,600

1,205,700

1,210,800

1,243,900

1,244,800

1,197,000

1,190,300

1,172,200

1,170,000

1,181,400

1,172,300

1,161,800

1,200,500

1,186,200

1,203,500

1,240,700

1,231,700

1,113,500

1,120,000

1,080,700

1,041,200

1,061,400

1,068,600

1,057,300

1,038,100

1,052,400

1,067,700

1,270,700

1,199,800

1,168,200

1,113,100

1,095,400

1,090,500

1,086,500

1,102,500

1,052,900

1,036,800

1,029,800

1,016,600

1,018,000

1,037,300

860,800

851,900

850,600

851,700

852,000

844,000

842,900

828,500

827,000

822,900

822,400

813,900

1,160,600

1,179,200

1,191,400

1,203,100

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
232,800
247,200
257,400
264,900
290,000
310,300
307,900
319,500
336,800
354,800
345,300
345,600
363,700
380,700
382,700
377,500
392,200
402,300
405,100
440,200
469,900
460,800
403,300
422,500
437,500
438,500
460,900
487,700
508,900
512,700
502,200
530,000
528,600
559,500
547,400
581,800
610,500
610,300
591,700
617,000
690,000
694,000
318,000
315,000
315,000
305,000
820,000
557,000
495,000
513,000
428,000
473,000
442,000
422,000
809,000
895,000
835,000
567,000
308,000

308,000

567,000

835,000

895,000

809,000

422,000

442,000

473,000

428,000

513,000

495,000

557,000

820,000

305,000

315,000

318,000

694,000

690,000

617,000

591,700

610,300

610,500

581,800

547,400

559,500

528,600

530,000

502,200

512,700

508,900

487,700

460,900

438,500

437,500

422,500

403,300

460,800

469,900

440,200

405,100

402,300

392,200

377,500

382,700

380,700

363,700

345,600

345,300

354,800

336,800

319,500

307,900

310,300

290,000

264,900

257,400

247,200

232,800

Intangible Assets

0
0
0
331,900
0
327,100
324,700
322,300
319,800
317,400
315,000
312,600
312,700
312,400
310,000
313,000
313,000
547,600
546,200
555,700
551,000
547,800
543,100
545,600
541,200
534,800
527,700
560,400
1,048,200
1,039,700
1,037,500
1,284,700
1,272,500
1,256,900
1,222,500
1,203,100
0
0
1,172,800
1,160,600
814,000
822,400
822,900
827,000
828,500
842,900
844,000
852,000
851,700
850,600
851,900
860,800
1,037,300
1,018,000
1,016,600
1,029,800
1,036,800
1,052,900
1,102,500
120,400
1,090,500
1,095,400
1,113,100
139,400
1,199,800
1,270,700
1,067,700
148,400
1,038,100
1,057,300
1,068,600
1,210,000
1,041,200
1,080,700
1,120,000
168,800
1,231,700
1,240,700
1,203,500
243,300
1,200,500
1,161,800
1,172,300
206,300
1,170,000
1,172,200
1,190,300
169,500
1,244,800
1,243,900
1,210,800
151,100
1,168,600
1,184,900
1,183,700
543,800
539,000
525,300
494,700
463,500
455,700
453,800
509,400
492,700
485,200
461,900
450,100
439,500
433,000
421,000
404,000
402,000
383,000
375,000
371,000
1,096,000
1,059,000
1,172,000
1,134,000
1,091,000
1,147,000
1,083,000
1,049,000
1,051,000
1,033,000
1,002,000
557,000
564,000

564,000

557,000

1,002,000

1,033,000

1,051,000

1,049,000

1,083,000

1,147,000

1,091,000

1,134,000

1,172,000

1,059,000

1,096,000

371,000

375,000

383,000

402,000

404,000

421,000

433,000

439,500

450,100

461,900

485,200

492,700

509,400

453,800

455,700

463,500

494,700

525,300

539,000

543,800

1,183,700

1,184,900

1,168,600

151,100

1,210,800

1,243,900

1,244,800

169,500

1,190,300

1,172,200

1,170,000

206,300

1,172,300

1,161,800

1,200,500

243,300

1,203,500

1,240,700

1,231,700

168,800

1,120,000

1,080,700

1,041,200

1,210,000

1,068,600

1,057,300

1,038,100

148,400

1,067,700

1,270,700

1,199,800

139,400

1,113,100

1,095,400

1,090,500

120,400

1,102,500

1,052,900

1,036,800

1,029,800

1,016,600

1,018,000

1,037,300

860,800

851,900

850,600

851,700

852,000

844,000

842,900

828,500

827,000

822,900

822,400

814,000

1,160,600

1,172,800

1,203,100

1,222,500

1,256,900

1,272,500

1,284,700

1,037,500

1,039,700

1,048,200

560,400

527,700

534,800

541,200

545,600

543,100

547,800

551,000

555,700

546,200

547,600

313,000

310,000

312,400

312,700

312,600

315,000

317,400

319,800

322,300

324,700

327,100

331,900

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
1,605,800
1,590,600
1,560,200
1,548,100
1,542,100
1,514,500
1,512,100
1,491,400
1,200,800
1,213,400
1,228,700
1,221,500
1,222,600
1,239,600
1,258,700
1,229,000
1,247,800
1,241,000
1,260,100
1,377,600
1,679,200
1,657,500
1,664,500
1,625,800
1,651,900
1,666,100
1,681,500
1,685,800
1,710,200
1,716,800
1,693,700
1,769,100
1,847,900
1,927,500
1,649,600
1,749,600
1,655,200
1,714,100
1,761,300
1,769,300
1,770,800
1,861,000
1,964,900
1,952,500
2,230,100
2,238,900
2,189,400
2,156,500
2,174,900
2,127,500
2,154,200
2,140,000
2,162,200
2,172,200
2,182,700
2,179,100
2,308,700
2,330,400
2,263,100
2,163,300
2,147,300
2,204,400
2,200,900
3,258,100
3,259,400
3,278,900
3,199,600
3,421,300
3,423,300
3,431,500
3,661,400
3,380,600
3,413,200
520,700
524,800
850,500
494,000
475,000
431,000
296,000
406,000
395,000
677,000
1,548,000
509,000
590,000
5,631,000
5,583,000
617,000
607,000
5,524,000
469,000
502,000
531,000
390,000
0

390,000

531,000

502,000

469,000

5,524,000

607,000

617,000

5,583,000

5,631,000

590,000

509,000

1,548,000

677,000

395,000

406,000

296,000

431,000

475,000

494,000

850,500

524,800

520,700

3,413,200

3,380,600

3,661,400

3,431,500

3,423,300

3,421,300

3,199,600

3,278,900

3,259,400

3,258,100

2,200,900

2,204,400

2,147,300

2,163,300

2,263,100

2,330,400

2,308,700

2,179,100

2,182,700

2,172,200

2,162,200

2,140,000

2,154,200

2,127,500

2,174,900

2,156,500

2,189,400

2,238,900

2,230,100

1,952,500

1,964,900

1,861,000

1,770,800

1,769,300

1,761,300

1,714,100

1,655,200

1,749,600

1,649,600

1,927,500

1,847,900

1,769,100

1,693,700

1,716,800

1,710,200

1,685,800

1,681,500

1,666,100

1,651,900

1,625,800

1,664,500

1,657,500

1,679,200

1,377,600

1,260,100

1,241,000

1,247,800

1,229,000

1,258,700

1,239,600

1,222,600

1,221,500

1,228,700

1,213,400

1,200,800

1,491,400

1,512,100

1,514,500

1,542,100

1,548,100

1,560,200

1,590,600

1,605,800

> Total Liabilities

0
0
0
344,000
0
768,200
690,400
698,600
721,000
720,600
718,000
702,200
714,000
750,800
725,800
732,000
732,000
1,030,000
1,029,800
987,800
1,008,300
1,014,800
1,008,800
1,021,900
1,040,600
1,046,600
1,030,200
1,060,300
1,801,800
1,751,000
1,725,300
1,904,400
1,824,900
1,796,200
1,761,900
1,668,500
1,663,600
1,599,800
1,623,500
1,655,300
1,645,000
1,668,800
1,675,100
1,687,000
1,712,700
1,724,700
1,745,100
1,761,300
1,815,300
1,795,800
1,818,500
1,972,700
2,506,200
2,442,000
2,404,900
2,309,100
2,339,300
2,313,600
2,355,800
2,546,500
2,601,000
2,589,300
2,490,200
2,519,500
2,685,800
2,852,400
2,628,500
2,606,500
2,366,800
2,528,200
2,620,500
2,588,700
2,723,400
2,911,100
3,272,700
3,245,200
3,653,200
3,727,500
3,628,600
3,505,600
3,560,500
3,286,200
3,241,000
3,254,700
3,367,300
3,449,400
3,529,600
3,284,600
3,620,500
3,563,300
3,482,100
3,537,100
3,960,100
4,014,800
3,899,200
5,210,000
5,179,600
5,232,500
5,216,600
5,532,800
5,604,000
5,596,600
5,899,900
5,961,700
6,019,000
5,723,200
5,546,200
5,750,500
5,719,000
5,729,000
5,621,000
4,858,000
4,638,000
5,574,000
5,974,000
9,281,000
9,317,000
9,841,000
9,471,000
9,313,000
9,340,000
8,973,000
9,040,000
9,486,000
9,438,000
9,536,000
8,097,000
8,387,000

8,387,000

8,097,000

9,536,000

9,438,000

9,486,000

9,040,000

8,973,000

9,340,000

9,313,000

9,471,000

9,841,000

9,317,000

9,281,000

5,974,000

5,574,000

4,638,000

4,858,000

5,621,000

5,729,000

5,719,000

5,750,500

5,546,200

5,723,200

6,019,000

5,961,700

5,899,900

5,596,600

5,604,000

5,532,800

5,216,600

5,232,500

5,179,600

5,210,000

3,899,200

4,014,800

3,960,100

3,537,100

3,482,100

3,563,300

3,620,500

3,284,600

3,529,600

3,449,400

3,367,300

3,254,700

3,241,000

3,286,200

3,560,500

3,505,600

3,628,600

3,727,500

3,653,200

3,245,200

3,272,700

2,911,100

2,723,400

2,588,700

2,620,500

2,528,200

2,366,800

2,606,500

2,628,500

2,852,400

2,685,800

2,519,500

2,490,200

2,589,300

2,601,000

2,546,500

2,355,800

2,313,600

2,339,300

2,309,100

2,404,900

2,442,000

2,506,200

1,972,700

1,818,500

1,795,800

1,815,300

1,761,300

1,745,100

1,724,700

1,712,700

1,687,000

1,675,100

1,668,800

1,645,000

1,655,300

1,623,500

1,599,800

1,663,600

1,668,500

1,761,900

1,796,200

1,824,900

1,904,400

1,725,300

1,751,000

1,801,800

1,060,300

1,030,200

1,046,600

1,040,600

1,021,900

1,008,800

1,014,800

1,008,300

987,800

1,029,800

1,030,000

732,000

725,800

750,800

714,000

702,200

718,000

720,600

721,000

698,600

690,400

768,200

344,000

> Total Current Liabilities

0
0
0
167,000
0
193,900
173,600
187,300
216,900
200,500
211,300
247,800
238,500
233,700
213,900
252,500
252,500
330,500
290,300
337,900
367,900
381,400
388,300
395,200
357,200
339,400
346,200
454,100
571,400
556,800
563,500
659,800
654,200
570,100
530,700
529,900
515,700
492,100
525,400
455,000
502,000
501,500
511,200
451,200
471,400
480,900
486,900
470,300
595,100
575,800
562,900
663,800
968,700
977,200
953,600
1,122,100
1,077,100
1,082,600
1,075,900
1,034,800
1,052,400
1,048,300
1,034,200
1,083,900
1,336,400
1,348,400
1,367,600
1,250,000
1,111,000
985,100
1,054,600
1,046,200
1,185,100
1,382,300
1,421,600
1,392,300
1,532,500
1,936,600
1,924,100
1,905,400
1,881,200
1,513,300
1,568,400
1,603,100
1,583,200
1,716,600
1,674,700
1,623,900
1,910,900
2,170,700
2,122,800
2,168,200
1,601,500
1,635,600
1,539,800
2,357,300
2,310,400
2,399,800
2,445,100
2,091,800
2,151,200
2,106,100
2,381,200
2,425,200
2,436,600
2,236,300
2,099,600
2,398,900
2,299,000
2,313,000
2,525,000
2,329,000
2,124,000
1,970,000
2,199,000
3,810,000
3,921,000
3,862,000
3,637,000
3,798,000
3,859,000
3,651,000
3,816,000
4,236,000
4,148,000
4,235,000
3,573,000
3,767,000

3,767,000

3,573,000

4,235,000

4,148,000

4,236,000

3,816,000

3,651,000

3,859,000

3,798,000

3,637,000

3,862,000

3,921,000

3,810,000

2,199,000

1,970,000

2,124,000

2,329,000

2,525,000

2,313,000

2,299,000

2,398,900

2,099,600

2,236,300

2,436,600

2,425,200

2,381,200

2,106,100

2,151,200

2,091,800

2,445,100

2,399,800

2,310,400

2,357,300

1,539,800

1,635,600

1,601,500

2,168,200

2,122,800

2,170,700

1,910,900

1,623,900

1,674,700

1,716,600

1,583,200

1,603,100

1,568,400

1,513,300

1,881,200

1,905,400

1,924,100

1,936,600

1,532,500

1,392,300

1,421,600

1,382,300

1,185,100

1,046,200

1,054,600

985,100

1,111,000

1,250,000

1,367,600

1,348,400

1,336,400

1,083,900

1,034,200

1,048,300

1,052,400

1,034,800

1,075,900

1,082,600

1,077,100

1,122,100

953,600

977,200

968,700

663,800

562,900

575,800

595,100

470,300

486,900

480,900

471,400

451,200

511,200

501,500

502,000

455,000

525,400

492,100

515,700

529,900

530,700

570,100

654,200

659,800

563,500

556,800

571,400

454,100

346,200

339,400

357,200

395,200

388,300

381,400

367,900

337,900

290,300

330,500

252,500

213,900

233,700

238,500

247,800

211,300

200,500

216,900

187,300

173,600

193,900

167,000

Short-term Debt

0
0
0
0
0
35,700
21,900
19,700
26,100
13,200
19,700
20,500
29,000
24,800
19,900
31,600
31,600
45,400
43,000
38,000
36,700
47,400
48,800
67,700
45,200
44,600
46,200
145,000
145,100
110,100
118,500
134,000
135,700
76,200
68,100
54,400
55,900
27,000
40,500
35,600
54,000
16,500
12,600
14,400
15,200
11,400
12,800
10,000
9,100
9,000
7,300
16,500
230,700
185,400
174,000
299,900
262,100
234,300
250,500
151,700
113,400
87,800
37,100
63,700
282,900
195,800
283,000
320,700
250,400
95,800
76,800
69,100
132,400
185,700
146,200
128,500
176,200
529,400
525,300
577,800
561,300
197,000
236,500
243,400
229,300
316,800
253,700
201,600
338,500
541,100
605,700
623,700
107,800
72,100
74,600
441,500
466,500
515,300
525,400
175,900
255,100
141,800
303,200
84,600
194,000
70,500
50,700
172,600
164,000
171,000
419,000
286,000
286,000
297,000
49,000
49,000
100,000
61,000
54,000
66,000
104,000
97,000
95,000
62,000
62,000
65,000
63,000
110,000

110,000

63,000

65,000

62,000

95,000

97,000

104,000

66,000

54,000

61,000

100,000

49,000

297,000

286,000

419,000

171,000

164,000

172,600

50,700

70,500

194,000

84,600

303,200

141,800

255,100

175,900

525,400

515,300

466,500

441,500

74,600

72,100

107,800

623,700

605,700

541,100

338,500

201,600

253,700

316,800

229,300

243,400

236,500

197,000

561,300

577,800

525,300

529,400

176,200

128,500

146,200

185,700

132,400

69,100

76,800

95,800

250,400

320,700

283,000

195,800

282,900

63,700

37,100

87,800

113,400

151,700

250,500

234,300

262,100

299,900

174,000

185,400

230,700

16,500

7,300

9,000

9,100

10,000

12,800

11,400

15,200

14,400

12,600

16,500

54,000

35,600

40,500

27,000

55,900

54,400

68,100

76,200

135,700

134,000

118,500

110,100

145,100

145,000

46,200

44,600

45,200

67,700

48,800

47,400

36,700

38,000

43,000

45,400

31,600

19,900

24,800

29,000

20,500

19,700

13,200

26,100

19,700

21,900

35,700

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
22,500
0
0
0
160,700
0
515,300
525,400
19,400
2,295,400
2,219,700
20,800
15,800
6,300
2,800
14,800
139,800
164,000
171,000
419,000
286,000
286,000
297,000
49,000
49,000
51,000
13,000
54,000
66,000
64,000
60,000
56,000
62,000
62,000
65,000
63,000
73,000

73,000

63,000

65,000

62,000

56,000

60,000

64,000

66,000

54,000

13,000

51,000

49,000

297,000

286,000

419,000

171,000

164,000

139,800

14,800

2,800

6,300

15,800

20,800

2,219,700

2,295,400

19,400

525,400

515,300

160,700

22,500

Accounts payable

0
0
0
156,900
0
74,900
77,600
147,400
168,600
165,700
172,000
203,700
182,400
182,300
172,400
194,300
194,300
254,700
215,700
269,300
291,800
288,600
289,500
273,600
272,900
259,200
266,600
276,900
377,100
395,200
389,000
433,700
449,000
441,800
423,200
408,200
368,100
377,900
398,000
410,600
425,000
457,100
465,300
435,600
448,200
452,800
448,800
460,300
551,300
549,500
542,400
608,000
677,100
742,100
740,600
786,400
777,000
816,400
794,400
534,700
899,500
925,600
963,200
626,300
1,035,600
1,120,200
980,400
466,600
851,400
889,300
973,200
977,100
1,042,600
1,161,800
1,229,900
766,600
1,318,100
1,362,100
1,346,500
869,600
1,291,300
1,279,300
1,276,500
855,200
1,311,900
1,359,100
1,377,700
1,383,800
1,562,600
1,622,000
1,503,900
1,530,300
1,484,400
1,528,200
1,436,600
1,866,400
1,819,400
1,790,700
1,763,200
1,847,300
1,841,300
1,904,700
2,015,000
2,270,300
2,160,400
2,122,100
2,009,200
2,144,300
2,056,000
2,089,000
2,048,000
1,977,000
1,793,000
1,654,000
2,127,000
2,352,000
2,485,000
2,367,000
2,131,000
2,276,000
2,465,000
2,298,000
2,400,000
2,684,000
2,676,000
2,725,000
2,396,000
2,546,000

2,546,000

2,396,000

2,725,000

2,676,000

2,684,000

2,400,000

2,298,000

2,465,000

2,276,000

2,131,000

2,367,000

2,485,000

2,352,000

2,127,000

1,654,000

1,793,000

1,977,000

2,048,000

2,089,000

2,056,000

2,144,300

2,009,200

2,122,100

2,160,400

2,270,300

2,015,000

1,904,700

1,841,300

1,847,300

1,763,200

1,790,700

1,819,400

1,866,400

1,436,600

1,528,200

1,484,400

1,530,300

1,503,900

1,622,000

1,562,600

1,383,800

1,377,700

1,359,100

1,311,900

855,200

1,276,500

1,279,300

1,291,300

869,600

1,346,500

1,362,100

1,318,100

766,600

1,229,900

1,161,800

1,042,600

977,100

973,200

889,300

851,400

466,600

980,400

1,120,200

1,035,600

626,300

963,200

925,600

899,500

534,700

794,400

816,400

777,000

786,400

740,600

742,100

677,100

608,000

542,400

549,500

551,300

460,300

448,800

452,800

448,200

435,600

465,300

457,100

425,000

410,600

398,000

377,900

368,100

408,200

423,200

441,800

449,000

433,700

389,000

395,200

377,100

276,900

266,600

259,200

272,900

273,600

289,500

288,600

291,800

269,300

215,700

254,700

194,300

172,400

182,300

182,400

203,700

172,000

165,700

168,600

147,400

77,600

74,900

156,900

Other Current Liabilities

0
0
0
10,100
0
83,300
74,100
20,200
22,200
21,600
19,600
23,600
27,100
26,600
21,600
26,600
26,600
30,400
31,600
30,600
39,400
45,400
50,000
53,900
39,100
35,600
33,400
32,200
49,200
51,500
56,000
92,100
69,500
52,100
39,400
67,300
91,700
87,200
86,900
8,800
23,000
27,900
33,300
1,200
8,000
16,700
25,300
160,300
34,700
17,300
13,200
39,300
60,900
49,700
39,000
35,800
38,000
31,900
31,000
311,800
39,500
34,900
33,900
27,200
17,900
32,400
104,200
6,300
1,101,800
985,100
1,050,000
1,046,200
1,042,600
1,161,800
1,229,900
3,300
1,318,100
1,725,700
1,713,900
399,500
1,668,400
1,289,500
1,282,000
409,800
1,311,900
1,359,100
1,377,700
-30,200
1,562,600
1,622,000
1,503,900
-79,400
9,300
1,528,200
1,436,600
64,600
1,819,400
1,790,700
95,300
16,700
1,841,300
1,904,700
2,015,000
29,500
37,800
31,300
29,900
23,100
22,000
2,089,000
2,048,000
573,000
1,793,000
1,654,000
2,127,000
1,189,000
1,084,000
1,174,000
1,182,000
1,215,000
1,048,000
1,022,000
1,082,000
1,272,000
1,186,000
1,188,000
942,000
969,000

969,000

942,000

1,188,000

1,186,000

1,272,000

1,082,000

1,022,000

1,048,000

1,215,000

1,182,000

1,174,000

1,084,000

1,189,000

2,127,000

1,654,000

1,793,000

573,000

2,048,000

2,089,000

22,000

23,100

29,900

31,300

37,800

29,500

2,015,000

1,904,700

1,841,300

16,700

95,300

1,790,700

1,819,400

64,600

1,436,600

1,528,200

9,300

-79,400

1,503,900

1,622,000

1,562,600

-30,200

1,377,700

1,359,100

1,311,900

409,800

1,282,000

1,289,500

1,668,400

399,500

1,713,900

1,725,700

1,318,100

3,300

1,229,900

1,161,800

1,042,600

1,046,200

1,050,000

985,100

1,101,800

6,300

104,200

32,400

17,900

27,200

33,900

34,900

39,500

311,800

31,000

31,900

38,000

35,800

39,000

49,700

60,900

39,300

13,200

17,300

34,700

160,300

25,300

16,700

8,000

1,200

33,300

27,900

23,000

8,800

86,900

87,200

91,700

67,300

39,400

52,100

69,500

92,100

56,000

51,500

49,200

32,200

33,400

35,600

39,100

53,900

50,000

45,400

39,400

30,600

31,600

30,400

26,600

21,600

26,600

27,100

23,600

19,600

21,600

22,200

20,200

74,100

83,300

10,100

> Long-term Liabilities

0
0
0
177,000
0
574,300
516,800
511,300
504,100
520,100
506,700
454,400
475,500
517,100
511,900
479,500
479,500
699,500
739,500
649,900
640,400
633,400
620,500
626,700
683,400
707,200
684,000
606,200
1,230,400
1,194,200
1,161,800
1,244,600
1,170,700
1,226,100
1,231,200
1,138,600
1,147,900
1,107,700
1,098,100
1,200,300
1,143,000
1,167,300
1,163,900
1,235,800
1,241,300
1,243,800
1,258,200
1,291,000
1,220,200
1,220,000
1,255,600
1,308,900
1,537,500
1,464,800
1,451,300
1,187,000
1,262,200
1,231,000
1,279,900
1,511,700
1,548,600
1,541,000
1,456,000
1,435,600
1,349,400
1,504,000
1,260,900
1,356,500
1,255,800
1,543,100
1,565,900
1,542,500
1,538,300
1,528,800
1,851,100
1,852,900
2,120,700
1,790,900
1,704,500
1,600,200
1,679,300
1,772,900
1,672,600
1,651,600
1,784,100
1,732,800
1,854,900
1,660,700
1,709,600
1,392,600
1,359,300
1,368,900
2,358,600
2,379,200
2,359,400
2,852,700
2,869,200
2,832,700
2,771,500
3,441,000
3,452,800
3,490,500
3,518,700
3,536,500
3,582,400
3,486,900
3,446,600
3,351,600
3,420,000
3,416,000
3,096,000
2,529,000
2,514,000
3,604,000
3,775,000
5,471,000
5,396,000
5,979,000
5,834,000
5,515,000
5,481,000
5,322,000
5,224,000
5,250,000
5,290,000
5,301,000
4,524,000
4,620,000

4,620,000

4,524,000

5,301,000

5,290,000

5,250,000

5,224,000

5,322,000

5,481,000

5,515,000

5,834,000

5,979,000

5,396,000

5,471,000

3,775,000

3,604,000

2,514,000

2,529,000

3,096,000

3,416,000

3,420,000

3,351,600

3,446,600

3,486,900

3,582,400

3,536,500

3,518,700

3,490,500

3,452,800

3,441,000

2,771,500

2,832,700

2,869,200

2,852,700

2,359,400

2,379,200

2,358,600

1,368,900

1,359,300

1,392,600

1,709,600

1,660,700

1,854,900

1,732,800

1,784,100

1,651,600

1,672,600

1,772,900

1,679,300

1,600,200

1,704,500

1,790,900

2,120,700

1,852,900

1,851,100

1,528,800

1,538,300

1,542,500

1,565,900

1,543,100

1,255,800

1,356,500

1,260,900

1,504,000

1,349,400

1,435,600

1,456,000

1,541,000

1,548,600

1,511,700

1,279,900

1,231,000

1,262,200

1,187,000

1,451,300

1,464,800

1,537,500

1,308,900

1,255,600

1,220,000

1,220,200

1,291,000

1,258,200

1,243,800

1,241,300

1,235,800

1,163,900

1,167,300

1,143,000

1,200,300

1,098,100

1,107,700

1,147,900

1,138,600

1,231,200

1,226,100

1,170,700

1,244,600

1,161,800

1,194,200

1,230,400

606,200

684,000

707,200

683,400

626,700

620,500

633,400

640,400

649,900

739,500

699,500

479,500

511,900

517,100

475,500

454,400

506,700

520,100

504,100

511,300

516,800

574,300

177,000

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
766,200
770,900
773,200
774,000
780,600
1,045,100
1,051,900
1,259,500
919,500
867,200
751,300
848,700
956,200
866,300
823,800
971,400
913,300
1,018,600
1,021,000
1,027,600
704,200
705,800
716,300
1,730,600
1,731,700
1,734,500
2,124,600
2,131,900
2,119,500
2,089,900
2,043,600
2,040,300
2,077,900
2,091,900
2,103,700
2,131,500
2,102,500
2,085,600
1,940,700
1,923,000
1,929,000
1,656,000
1,674,000
1,664,000
2,762,000
2,787,000
3,738,000
3,708,000
4,348,000
4,288,000
4,261,000
4,223,000
4,156,000
4,080,000
4,166,000
4,175,000
4,191,000
3,665,000
0

3,665,000

4,191,000

4,175,000

4,166,000

4,080,000

4,156,000

4,223,000

4,261,000

4,288,000

4,348,000

3,708,000

3,738,000

2,787,000

2,762,000

1,664,000

1,674,000

1,656,000

1,929,000

1,923,000

1,940,700

2,085,600

2,102,500

2,131,500

2,103,700

2,091,900

2,077,900

2,040,300

2,043,600

2,089,900

2,119,500

2,131,900

2,124,600

1,734,500

1,731,700

1,730,600

716,300

705,800

704,200

1,027,600

1,021,000

1,018,600

913,300

971,400

823,800

866,300

956,200

848,700

751,300

867,200

919,500

1,259,500

1,051,900

1,045,100

780,600

774,000

773,200

770,900

766,200

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
403,400
405,000
405,400
398,200
408,700
400,600
402,500
498,900
500,900
651,100
515,600
603,500
607,700
616,200
623,200
648,200
617,100
646,100
672,700
680,300
852,800
821,200
824,700
640,700
751,300
779,500
767,400
834,300
967,000
983,400
891,600
760,900
902,700
1,072,900
829,600
807,300
789,300
776,900
795,000
679,500
764,300
748,200
806,000
687,300
861,200
871,400
837,300
728,700
830,600
816,700
806,300
738,400
812,700
819,500
836,300
558,400
682,000
688,400
653,500
605,800
628,000
647,500
624,900
608,000
737,300
713,200
681,600
1,343,200
1,412,500
1,412,600
1,426,800
1,371,400
1,450,900
1,384,400
1,361,000
1,410,900
1,423,000
1,416,000
1,372,000
788,000
850,000
842,000
988,000
1,733,000
1,512,000
1,463,000
1,546,000
1,254,000
1,105,000
1,019,000
1,144,000
918,000
0
1,110,000
768,000
0

768,000

1,110,000

918,000

1,144,000

1,019,000

1,105,000

1,254,000

1,546,000

1,463,000

1,512,000

1,733,000

988,000

842,000

850,000

788,000

1,372,000

1,416,000

1,423,000

1,410,900

1,361,000

1,384,400

1,450,900

1,371,400

1,426,800

1,412,600

1,412,500

1,343,200

681,600

713,200

737,300

608,000

624,900

647,500

628,000

605,800

653,500

688,400

682,000

558,400

836,300

819,500

812,700

738,400

806,300

816,700

830,600

728,700

837,300

871,400

861,200

687,300

806,000

748,200

764,300

679,500

795,000

776,900

789,300

807,300

829,600

1,072,900

902,700

760,900

891,600

983,400

967,000

834,300

767,400

779,500

751,300

640,700

824,700

821,200

852,800

680,300

672,700

646,100

617,100

648,200

623,200

616,200

607,700

603,500

515,600

651,100

500,900

498,900

402,500

400,600

408,700

398,200

405,400

405,000

403,400

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
33,500
0
0
0
52,400
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

52,400

33,500

> Total Stockholder Equity

0
0
0
728,200
0
368,500
464,100
459,100
476,500
498,700
512,300
534,900
554,000
586,300
582,900
603,200
600,000
619,900
636,300
628,800
640,400
678,100
687,600
693,700
716,900
715,600
729,300
777,300
953,800
983,100
1,020,700
1,057,500
1,079,100
1,095,600
1,082,100
1,087,100
1,104,600
1,112,100
1,136,800
1,104,200
851,000
936,200
984,900
981,400
1,025,400
1,118,700
1,179,400
1,260,400
1,339,400
1,381,600
1,448,800
1,534,200
1,577,200
1,564,400
1,625,500
1,644,200
1,734,000
1,844,200
1,877,300
1,875,400
1,951,900
2,024,900
2,194,800
2,321,100
2,479,400
2,554,900
2,227,000
2,006,000
1,961,000
2,057,600
2,137,200
2,185,300
2,204,200
2,016,100
2,255,900
2,258,600
2,306,400
2,430,900
2,405,500
2,387,900
2,658,000
2,873,700
3,044,800
3,082,600
3,106,100
3,195,100
3,367,300
3,560,600
3,683,500
3,828,800
3,730,600
3,616,200
3,504,000
3,686,700
3,717,000
3,553,700
3,693,200
3,681,700
3,709,900
3,218,300
3,403,400
3,612,000
3,825,700
3,716,800
3,910,700
3,960,300
4,066,400
4,225,500
4,274,000
4,394,000
4,457,000
4,706,000
4,724,000
4,611,000
4,757,000
6,457,000
6,367,000
6,649,000
6,646,000
6,948,000
7,050,000
6,889,000
6,775,000
7,224,000
7,441,000
7,551,000
5,768,000
5,828,000

5,828,000

5,768,000

7,551,000

7,441,000

7,224,000

6,775,000

6,889,000

7,050,000

6,948,000

6,646,000

6,649,000

6,367,000

6,457,000

4,757,000

4,611,000

4,724,000

4,706,000

4,457,000

4,394,000

4,274,000

4,225,500

4,066,400

3,960,300

3,910,700

3,716,800

3,825,700

3,612,000

3,403,400

3,218,300

3,709,900

3,681,700

3,693,200

3,553,700

3,717,000

3,686,700

3,504,000

3,616,200

3,730,600

3,828,800

3,683,500

3,560,600

3,367,300

3,195,100

3,106,100

3,082,600

3,044,800

2,873,700

2,658,000

2,387,900

2,405,500

2,430,900

2,306,400

2,258,600

2,255,900

2,016,100

2,204,200

2,185,300

2,137,200

2,057,600

1,961,000

2,006,000

2,227,000

2,554,900

2,479,400

2,321,100

2,194,800

2,024,900

1,951,900

1,875,400

1,877,300

1,844,200

1,734,000

1,644,200

1,625,500

1,564,400

1,577,200

1,534,200

1,448,800

1,381,600

1,339,400

1,260,400

1,179,400

1,118,700

1,025,400

981,400

984,900

936,200

851,000

1,104,200

1,136,800

1,112,100

1,104,600

1,087,100

1,082,100

1,095,600

1,079,100

1,057,500

1,020,700

983,100

953,800

777,300

729,300

715,600

716,900

693,700

687,600

678,100

640,400

628,800

636,300

619,900

600,000

603,200

582,900

586,300

554,000

534,900

512,300

498,700

476,500

459,100

464,100

368,500

728,200

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
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
600
600
600
600
600
600
600
600
600
600
600
600
600
600
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,200
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
2,500
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000

3,000

2,500

1,200

600

300

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
1,141,000
1,155,900
1,193,400
1,262,800
1,341,900
1,448,500
1,560,200
1,684,800
1,846,700
1,988,100
2,110,300
2,268,300
2,388,900
2,490,000
2,611,200
2,753,200
2,927,300
3,065,600
3,177,400
3,308,100
3,469,900
3,606,500
3,717,100
3,866,600
3,985,400
4,113,600
4,210,100
4,346,000
4,482,400
4,538,100
4,215,200
4,374,700
4,557,300
4,712,800
4,531,000
4,722,400
4,958,800
5,127,300
5,336,100
5,461,000
5,598,000
5,757,000
5,942,000
6,036,000
5,903,000
5,979,000
6,296,000
6,321,000
6,527,000
6,582,000
6,671,000
6,830,000
7,005,000
7,239,000
7,454,000
7,632,000
7,796,000
0
0

7,796,000

7,632,000

7,454,000

7,239,000

7,005,000

6,830,000

6,671,000

6,582,000

6,527,000

6,321,000

6,296,000

5,979,000

5,903,000

6,036,000

5,942,000

5,757,000

5,598,000

5,461,000

5,336,100

5,127,300

4,958,800

4,722,400

4,531,000

4,712,800

4,557,300

4,374,700

4,215,200

4,538,100

4,482,400

4,346,000

4,210,100

4,113,600

3,985,400

3,866,600

3,717,100

3,606,500

3,469,900

3,308,100

3,177,400

3,065,600

2,927,300

2,753,200

2,611,200

2,490,000

2,388,900

2,268,300

2,110,300

1,988,100

1,846,700

1,684,800

1,560,200

1,448,500

1,341,900

1,262,800

1,193,400

1,155,900

1,141,000

Accumulated Other Comprehensive Income

0
0
0
-278,700
0
-295,900
-305,900
-334,200
-346,200
-364,300
-381,300
-364,500
-371,200
-390,900
-401,100
-404,800
-404,800
-341,200
-357,700
-328,900
-336,700
-350,700
-362,600
-359,500
-376,200
-392,200
-400,900
-370,400
-384,900
-436,100
5,900
10,300
-300
-8,000
-19,500
-18,500
-20,500
-33,500
-24,100
-55,100
-77,000
-39,900
-30,700
-56,500
-58,900
-6,900
-7,700
14,000
25,300
13,500
33,100
55,200
24,000
-18,200
-32,000
-74,200
-44,900
-3,500
-8,200
-60,300
-40,300
-27,200
69,100
127,100
213,200
216,900
40,600
-85,900
-117,500
-31,400
21,500
14,500
-60,600
-193,500
-40,000
-53,700
31,100
65,900
-85,000
-150,800
-94,800
-182,600
-120,600
-121,300
-189,200
-187,800
-91,000
-14,000
-16,800
-18,600
-199,900
-383,600
-616,900
-539,500
-576,700
-610,200
-540,800
-593,800
-571,000
-722,100
-674,200
-606,400
-545,700
-490,000
-430,300
-567,600
-609,200
-674,100
-675,000
-670,000
-779,000
-727,000
-801,000
-787,000
-730,000
-651,000
-736,000
-673,000
-746,000
-551,000
-564,000
-816,000
-1,078,000
-876,000
-824,000
-898,000
-915,000
-828,000

-828,000

-915,000

-898,000

-824,000

-876,000

-1,078,000

-816,000

-564,000

-551,000

-746,000

-673,000

-736,000

-651,000

-730,000

-787,000

-801,000

-727,000

-779,000

-670,000

-675,000

-674,100

-609,200

-567,600

-430,300

-490,000

-545,700

-606,400

-674,200

-722,100

-571,000

-593,800

-540,800

-610,200

-576,700

-539,500

-616,900

-383,600

-199,900

-18,600

-16,800

-14,000

-91,000

-187,800

-189,200

-121,300

-120,600

-182,600

-94,800

-150,800

-85,000

65,900

31,100

-53,700

-40,000

-193,500

-60,600

14,500

21,500

-31,400

-117,500

-85,900

40,600

216,900

213,200

127,100

69,100

-27,200

-40,300

-60,300

-8,200

-3,500

-44,900

-74,200

-32,000

-18,200

24,000

55,200

33,100

13,500

25,300

14,000

-7,700

-6,900

-58,900

-56,500

-30,700

-39,900

-77,000

-55,100

-24,100

-33,500

-20,500

-18,500

-19,500

-8,000

-300

10,300

5,900

-436,100

-384,900

-370,400

-400,900

-392,200

-376,200

-359,500

-362,600

-350,700

-336,700

-328,900

-357,700

-341,200

-404,800

-401,100

-390,900

-371,200

-364,500

-381,300

-364,300

-346,200

-334,200

-305,900

-295,900

-278,700

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
1,028,600
1,035,000
1,034,100
1,037,900
1,045,100
1,068,500
1,100,400
1,120,700
1,135,500
1,119,600
1,134,300
1,205,000
1,477,800
1,185,000
1,160,700
1,130,500
1,129,300
1,132,000
1,121,900
1,092,400
1,097,100
1,104,300
1,112,400
1,096,700
1,099,900
1,108,800
1,109,700
1,085,300
1,091,500
1,092,700
1,104,300
1,077,600
1,088,700
1,100,100
1,118,700
1,102,300
1,110,700
1,127,100
1,145,800
1,111,000
1,116,000
1,129,000
1,145,000
1,109,000
1,115,000
1,128,000
2,614,000
2,589,000
2,602,000
2,617,000
2,637,000
2,617,000
2,633,000
2,650,000
2,675,000
2,661,000
2,657,000
2,680,000
0

2,680,000

2,657,000

2,661,000

2,675,000

2,650,000

2,633,000

2,617,000

2,637,000

2,617,000

2,602,000

2,589,000

2,614,000

1,128,000

1,115,000

1,109,000

1,145,000

1,129,000

1,116,000

1,111,000

1,145,800

1,127,100

1,110,700

1,102,300

1,118,700

1,100,100

1,088,700

1,077,600

1,104,300

1,092,700

1,091,500

1,085,300

1,109,700

1,108,800

1,099,900

1,096,700

1,112,400

1,104,300

1,097,100

1,092,400

1,121,900

1,132,000

1,129,300

1,130,500

1,160,700

1,185,000

1,477,800

1,205,000

1,134,300

1,119,600

1,135,500

1,120,700

1,100,400

1,068,500

1,045,100

1,037,900

1,034,100

1,035,000

1,028,600

Treasury Stock

-2,039,000

-1,936,000

-1,836,000

-1,812,000

-1,810,000

-1,834,000

-1,623,000

-1,657,000

-1,653,000

-1,626,000

-1,584,800

-1,581,300

-1,544,100

-1,486,200

-1,445,400

-1,444,000

-1,430,100

-1,377,200

-1,381,600

-1,352,400

-1,300,900

-1,199,800

-1,158,400

-931,200

-861,600

-844,900

-832,200

-782,800

-722,100

-702,700

-727,200

-740,500

-674,900

-589,600

-569,200

-510,800

-811,600

-721,700

-707,100

-618,400

-531,400

-349,500

-222,700

-178,600

-37,100

-57,900

-76,400

-81,800

-87,000

-87,400

-80,100

-64,100

-56,100

-46,500

-37,800

-16,300

-100

-1,500

-6,000

-32,700

-33,300

-35,900

-17,900

-20,000

-22,700

-27,600

-27,800

-29,700

-29,900

-33,300

-34,400

-31,800

-19,300

Other Stockholders Equity

0
0
0
1,006,900
0
664,400
770,000
891,300
907,000
928,500
947,000
933,000
941,200
972,200
968,800
973,900
970,700
900,000
917,600
895,900
894,000
919,700
923,100
902,500
920,500
919,300
927,900
917,500
1,080,000
1,128,200
1,120,600
1,127,700
1,135,700
1,133,400
1,127,200
1,146,300
1,154,100
1,169,000
1,194,600
1,153,900
699,000
1,263,600
716,500
701,800
708,800
710,100
740,600
754,800
778,300
784,600
794,400
797,000
801,500
802,800
824,200
828,600
836,900
844,700
852,500
871,000
895,500
889,600
889,900
896,900
895,500
897,000
890,600
890,200
897,700
946,800
958,600
976,200
1,000,800
866,500
2,295,900
750,900
589,300
517,100
501,200
427,200
483,300
666,200
674,200
591,500
540,900
454,400
391,500
394,700
389,700
375,000
321,500
280,200
251,800
238,300
177,600
-48,700
-114,500
-209,400
-259,700
-277,300
-299,600
-341,400
-343,900
-326,700
-383,900
-433,400
-454,200
-439,000
-515,000
-537,000
-524,000
-512,000
-514,000
-508,000
-495,000
780,000
779,000
792,000
807,000
825,000
781,000
697,000
611,000
643,000
630,000
650,000
670,000
501,000

501,000

670,000

650,000

630,000

643,000

611,000

697,000

781,000

825,000

807,000

792,000

779,000

780,000

-495,000

-508,000

-514,000

-512,000

-524,000

-537,000

-515,000

-439,000

-454,200

-433,400

-383,900

-326,700

-343,900

-341,400

-299,600

-277,300

-259,700

-209,400

-114,500

-48,700

177,600

238,300

251,800

280,200

321,500

375,000

389,700

394,700

391,500

454,400

540,900

591,500

674,200

666,200

483,300

427,200

501,200

517,100

589,300

750,900

2,295,900

866,500

1,000,800

976,200

958,600

946,800

897,700

890,200

890,600

897,000

895,500

896,900

889,900

889,600

895,500

871,000

852,500

844,700

836,900

828,600

824,200

802,800

801,500

797,000

794,400

784,600

778,300

754,800

740,600

710,100

708,800

701,800

716,500

1,263,600

699,000

1,153,900

1,194,600

1,169,000

1,154,100

1,146,300

1,127,200

1,133,400

1,135,700

1,127,700

1,120,600

1,128,200

1,080,000

917,500

927,900

919,300

920,500

902,500

923,100

919,700

894,000

895,900

917,600

900,000

970,700

973,900

968,800

972,200

941,200

933,000

947,000

928,500

907,000

891,300

770,000

664,400

1,006,900

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
Accounts Payable	2,546,000	2,684,000	2,276,000	2,352,000	1,977,000	2,144,300	2,270,300	1,847,300	1,866,400	1,530,300	1,383,800	855,200	1,297,800	1,224,100	977,100	466,600	626,300	534,700	786,400	608,000	460,300	435,600	410,600	408,200	433,700	276,900	273,600	269,300	194,300	203,700	147,400	156,900
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
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
Accumulated Other Comprehensive Income	-828,000	-876,000	-551,000	-651,000	-727,000	-674,100	-490,000	-722,100	-610,200	-383,600	-14,000	-121,300	-150,800	-53,700	14,500	-85,900	127,100	-60,300	-74,200	55,200	14,000	-56,500	-55,100	-18,500	10,300	-370,400	-359,500	-328,900	-404,800	-364,500	-334,200	-278,700
Additional Paid In Capital	0	0	0	0	0	0	1,118,700	1,104,300	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	149,000	208,000	195,000	219,000	85,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	3,000	3,000	3,000	3,000	3,000	2,500	0	0	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	2,675,000	2,637,000	2,614,000	1,145,000	1,145,800	1,118,700	1,104,300	1,109,700	1,112,400	1,121,900	1,160,700	1,134,300	1,100,400	1,034,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	1,534,000	1,338,000	1,841,000	1,650,000	832,000	739,400	545,300	443,700	577,700	797,800	939,500	715,700	359,600	449,900	357,400	103,400	188,500	123,300	89,700	229,700	113,100	36,600	32,900	10,100	21,700	44,000	13,400	11,500	12,100	14,900	9,400	9,400
Cash And Equivalents	0	0	0	1,650,000	832,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	1,534,000	1,338,000	1,841,000	1,650,000	832,000	739,400	545,300	443,700	577,700	797,800	939,500	715,700	359,600	449,900	357,400	103,400	203,100	182,400	130,300	229,700	113,100	36,600	32,900	21,400	21,700	44,000	13,400	11,500	12,100	14,900	9,400	9,400
Common Stock	3,000	3,000	3,000	3,000	3,000	2,500	2,500	2,500	2,500	2,500	2,500	1,200	1,200	1,200	1,200	1,200	1,200	600	600	600	300	300	300	300	300	0	0	0	0	0	0	0
Common Stock Shares Outstanding	234,400	236,800	239,500	214,000	206,800	209,500	211,500	215,328	225,648	228,924	231,337	242,754	256,936	259,150	233,878	232,014	235,680	231,884	229,592	226,148	218,416	214,832	211,704	211,896	208,624	189,408	191,472	191,086	188,496	187,345	185,343	182,642
Common Stock Total Equity	0	3,000	3,000	3,000	3,000	2,500	2,500	2,500	2,500	2,500	2,500	1,200	1,200	1,200	1,200	1,200	1,200	600	600	600	300	300	300	300	300	0	0	0	0	0	0	0
Current Deferred Revenue	142,000	218,000	241,000	220,000	12,000	0	40,800	51,900	-15,200	-536,900	31,100	494,700	27,400	36,400	-1,046,200	456,400	366,700	36,600	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
Deferred Long Term Liab	0	0	0	0	0	0	52,400	33,500	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
Good Will	3,013,000	3,397,000	3,279,000	2,627,000	1,842,000	1,853,400	1,881,800	1,702,200	1,757,700	1,205,700	1,197,000	1,181,400	1,186,200	1,113,500	1,061,400	1,052,400	1,168,200	1,086,500	1,029,800	860,800	852,000	827,000	1,160,600	1,203,100	0	0	0	0	0	0	0	0
Intangible Assets	564,000	1,051,000	1,091,000	1,096,000	402,000	439,500	492,700	463,500	543,800	151,100	169,500	206,300	243,300	168,800	1,210,000	148,400	139,400	120,400	1,029,800	860,800	852,000	827,000	1,160,600	1,203,100	1,284,700	560,400	545,600	555,700	313,000	312,600	322,300	331,900
Inventory	1,313,000	1,687,000	1,534,000	1,286,000	807,000	780,800	766,300	641,200	723,600	505,700	458,100	447,600	454,300	430,600	314,300	451,200	447,600	386,900	332,000	223,400	201,300	180,300	143,800	161,600	164,400	115,700	108,000	91,100	94,000	81,300	68,100	64,800
Liabilities And Stockholders Equity	14,453,000	16,994,000	16,575,000	16,034,000	9,702,000	10,095,300	9,787,600	8,834,700	8,841,500	7,228,000	6,917,000	6,400,800	5,958,600	5,555,000	4,811,400	4,644,000	4,958,500	4,584,000	4,089,400	3,529,100	3,038,900	2,682,900	2,770,900	2,765,900	2,970,700	1,846,100	1,736,300	1,623,600	1,335,200	1,240,300	1,159,400	1,074,200
Long Term Debt	3,707,000	4,166,000	4,261,000	3,738,000	1,674,000	1,940,700	2,103,700	2,043,600	2,124,600	716,300	1,021,000	823,800	751,300	1,051,900	773,200	459,600	572,600	569,400	440,600	568,000	634,000	632,300	701,400	740,400	0	0	0	0	0	0	0	0
Long Term Debt Total	0	4,166,000	4,261,000	3,738,000	1,674,000	1,940,700	2,103,700	2,043,600	2,124,600	716,300	1,021,000	823,800	751,300	1,051,900	773,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	308,000	809,000	428,000	820,000	318,000	591,700	547,400	502,200	460,900	403,300	405,100	382,700	345,300	307,900	257,400	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
Net Debt	2,395,000	2,890,000	2,486,000	2,137,000	1,128,000	1,373,900	1,643,000	1,775,800	1,988,400	542,200	283,100	351,500	969,500	730,500	484,900	676,900	447,800	597,800	650,800	354,800	530,900	610,100	704,100	784,700	958,600	349,500	324,700	305,800	122,600	92,400	150,200	98,100
Net Invested Capital	9,608,000	11,452,000	11,275,000	10,215,000	6,666,000	6,338,800	5,905,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	3,127,000	3,323,000	2,898,000	2,919,000	1,921,000	1,987,400	2,018,900	1,689,300	1,665,000	1,443,500	1,248,500	1,147,300	1,183,000	1,023,900	732,000	607,100	802,400	767,300	626,100	499,100	414,900	292,100	203,700	168,900	216,200	185,400	158,600	124,600	91,400	98,900	98,900	83,200
Net Tangible Assets	0	2,776,000	2,578,000	2,705,000	2,462,000	1,932,600	1,342,300	1,052,600	1,252,200	2,410,500	2,363,600	1,901,200	1,201,700	1,145,100	1,123,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	2,450,000	2,381,000	2,799,000	2,357,000	1,507,000	1,405,700	1,118,000	819,800	778,000	802,600	1,174,600	869,700	232,400	667,600	505,600	58,200	496,400	402,700	46,600	410,500	354,300	115,300	-13,700	-119,300	-101,500	-78,000	-88,300	-84,800	-45,000	-32,000	6,100	6,300
Non Current Assets Total	8,236,000	10,377,000	9,978,000	9,867,000	5,866,000	6,290,700	6,244,400	5,923,100	5,706,200	4,257,200	4,118,500	3,928,000	3,820,800	3,495,100	3,259,600	3,335,800	3,378,200	3,146,500	2,920,700	2,454,800	2,214,300	2,116,400	2,329,600	2,355,300	2,412,400	1,470,000	1,429,400	1,370,500	1,127,700	1,024,500	966,000	900,900
Non Current Liabilities Other	74,000	1,084,000	1,254,000	1,757,000	855,000	1,410,900	1,432,800	1,397,400	728,100	652,600	639,700	827,800	848,900	801,000	769,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	4,620,000	5,250,000	5,515,000	5,471,000	2,529,000	3,351,600	3,536,500	3,441,000	2,852,700	1,368,900	1,660,700	1,651,600	1,600,200	1,852,900	1,542,500	1,356,500	1,435,600	1,511,700	1,187,000	1,308,900	1,291,000	1,235,800	1,200,300	1,138,600	1,244,600	606,200	626,700	649,900	479,500	454,400	511,300	177,000
Non Currrent Assets Other	168,000	516,000	531,000	493,000	302,000	304,600	645,300	612,700	543,000	441,800	149,900	125,500	67,800	56,800	390,300	80,900	337,100	302,000	596,000	516,800	377,000	343,300	325,100	345,000	331,700	275,100	272,100	280,600	291,700	249,600	225,400	156,100
Noncontrolling Interest In Consolidated Entity	0	284,000	314,000	296,000	138,000	119,300	109,100	83,600	77,800	74,700	71,800	63,500	65,100	51,200	37,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	469,000	5,583,000	1,548,000	296,000	842,000	766,500	1,036,700	480,000	403,200	407,500	369,600	381,700	362,300	276,900	269,700	186,900	280,900	298,600	323,100	199,700	241,400	193,400	202,300	0	0	0	0	0	0	0	0
Other Current Assets	74,000	269,000	321,000	312,000	276,000	250,000	145,400	137,400	169,000	223,800	152,400	22,000	140,900	155,500	148,100	75,800	80,800	51,300	80,300	44,200	62,500	14,200	60,900	58,700	156,000	31,000	26,900	25,900	10,000	20,700	17,000	15,900
Other Current Liab	969,000	1,272,000	1,215,000	1,189,000	54,000	82,000	29,500	16,700	64,600	551,100	7,400	9,800	2,400	3,300	1,046,200	6,300	27,200	311,800	35,800	39,300	160,300	1,200	8,800	67,300	92,100	32,200	53,900	30,600	26,600	23,600	20,200	10,100
Other Liab	0	918,000	1,254,000	1,733,000	788,000	1,410,000	1,432,800	1,397,400	725,400	605,800	558,400	738,400	728,700	687,300	679,500	807,300	760,900	834,300	640,700	680,300	648,200	603,500	498,900	398,200	0	0	0	0	0	0	0	0
Other Stockholder Equity	501,000	643,000	825,000	809,000	-512,000	-439,000	-326,700	-277,300	-48,700	280,200	394,700	591,500	427,200	750,900	976,200	890,200	896,900	871,000	828,600	797,000	754,800	701,800	1,153,900	1,146,300	1,127,700	917,500	902,500	895,900	970,700	933,000	891,300	1,006,900
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
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
Property Plant And Equipment Gross	7,742,000	8,468,000	6,802,000	4,802,000	3,010,000	2,903,800	2,863,800	2,501,800	2,448,100	2,093,900	1,939,400	1,788,000	1,664,300	1,542,600	1,490,300	1,586,200	1,609,100	1,460,700	1,294,900	1,077,200	985,300	894,900	838,200	807,200	796,000	634,500	611,700	534,200	523,000	462,300	418,300	412,900
Property Plant And Equipment Net	3,926,000	4,365,000	4,395,000	4,591,000	2,925,000	2,903,800	2,863,800	2,501,800	2,448,100	2,093,900	1,939,400	1,788,000	1,664,300	1,542,600	1,490,300	1,586,200	1,609,100	1,460,700	1,294,900	1,077,200	985,300	894,900	838,200	807,200	796,000	634,500	611,700	534,200	523,000	462,300	418,300	412,900
Property Plant Equipment	0	4,564,000	4,395,000	4,591,000	2,925,000	2,903,800	2,863,800	2,501,800	2,448,100	2,093,900	1,939,400	1,788,000	1,664,300	1,542,600	1,490,300	1,586,200	1,609,100	1,460,700	1,294,900	1,077,200	985,300	894,900	838,200	807,200	0	0	0	0	0	0	0	0
Retained Earnings	6,152,000	7,454,000	6,671,000	6,296,000	5,942,000	5,336,100	4,531,000	4,215,200	4,210,100	3,717,100	3,177,400	2,611,200	2,110,300	1,560,200	1,193,400	1,200,500	1,295,900	1,064,100	889,200	681,400	491,300	335,800	470,900	422,900	346,400	230,200	150,700	61,800	34,100	-33,600	-98,000	0
Retained Earnings Total Equity	0	7,454,000	6,671,000	6,296,000	5,942,000	5,336,100	4,531,000	4,215,200	4,210,100	3,717,100	3,177,400	2,611,200	2,110,300	1,560,200	1,193,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	73,000	62,000	66,000	49,000	286,000	172,600	84,600	175,900	160,700	22,500	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	3,929,000	4,228,000	4,327,000	3,787,000	1,960,000	2,113,300	2,188,300	2,219,500	2,566,100	1,340,000	1,222,600	1,067,200	1,329,100	1,180,400	842,300	780,300	636,300	721,100	740,500	584,500	644,000	646,700	737,000	794,800	980,300	393,500	338,100	317,300	134,700	107,300	159,600	107,500
Short Term Debt	110,000	62,000	66,000	49,000	286,000	172,600	84,600	175,900	441,500	623,700	201,600	243,400	577,800	128,500	69,100	320,700	63,700	151,700	299,900	16,500	10,000	14,400	35,600	54,400	134,000	145,000	67,700	38,000	31,600	20,500	19,700	0
Short Term Investments	56,000	87,000	0	820,000	0	0	0	0	12,300	0	0	0	0	0	0	0	14,600	59,100	40,600	44,200	32,000	14,200	0	11,300	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
Total Assets	14,453,000	16,994,000	16,575,000	16,034,000	9,702,000	10,095,300	9,787,600	8,834,700	8,841,500	7,228,000	6,917,000	6,400,800	5,958,600	5,555,000	4,811,400	4,644,000	4,958,500	4,584,000	4,089,400	3,529,100	3,038,900	2,682,900	2,770,900	2,765,900	2,970,700	1,846,100	1,736,300	1,623,600	1,335,200	1,240,300	1,159,400	1,074,200
Total Current Assets	6,217,000	6,617,000	6,597,000	6,167,000	3,836,000	3,804,600	3,543,200	2,911,600	3,135,300	2,970,800	2,798,500	2,472,800	2,137,800	2,059,900	1,551,800	1,308,200	1,580,300	1,437,500	1,168,700	1,074,300	824,600	566,500	441,300	410,600	558,300	376,100	306,900	253,100	207,500	215,800	193,400	173,300
Total Current Liabilities	3,767,000	4,236,000	3,798,000	3,810,000	2,329,000	2,398,900	2,425,200	2,091,800	2,357,300	2,168,200	1,623,900	1,603,100	1,905,400	1,392,300	1,046,200	1,250,000	1,083,900	1,034,800	1,122,100	663,800	470,300	451,200	455,000	529,900	659,800	454,100	395,200	337,900	252,500	247,800	187,300	167,000
Total Liab	8,387,000	9,486,000	9,313,000	9,281,000	4,858,000	5,750,500	5,961,700	5,532,800	5,210,000	3,537,100	3,284,600	3,254,700	3,505,600	3,245,200	2,588,700	2,606,500	2,519,500	2,546,500	2,309,100	1,972,700	1,761,300	1,687,000	1,655,300	1,668,500	1,904,400	1,060,300	1,021,900	987,800	732,000	702,200	698,600	344,000
Total Permanent Equity	0	0	0	0	0	0	3,825,900	3,301,900	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	5,828,000	7,224,000	6,948,000	6,457,000	4,706,000	4,225,500	3,716,800	3,218,300	3,553,700	3,616,200	3,560,600	3,082,600	2,387,900	2,258,600	2,185,300	2,006,000	2,321,100	1,875,400	1,644,200	1,534,200	1,260,400	981,400	1,104,200	1,087,100	1,057,500	777,300	693,700	628,800	600,000	534,900	459,100	728,200
Treasury Stock	0	0	-1,812,000	-1,834,000	-1,657,000	-1,584,800	-1,445,400	-1,381,600	-1,158,400	-832,200	-727,200	-569,200	-707,100	-349,500	-57,900	-87,400	-46,500	-100	-100	-100	-1,500	-35,900	-27,600	-33,300	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

	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
Accounts Payable	2,546,000	2,396,000	2,725,000	2,676,000	2,684,000	2,400,000	2,298,000	2,465,000	2,276,000	2,131,000	2,367,000	2,485,000	2,352,000	2,127,000	1,654,000	1,793,000	1,977,000	2,048,000	2,089,000	2,056,000	2,144,300	2,009,200	2,122,100	2,160,400	2,270,300	2,015,000	1,904,700	1,841,300	1,847,300	1,763,200	1,790,700	1,819,400	1,866,400	1,436,600	1,528,200	1,484,400	1,530,300	1,503,900	1,622,000	1,562,600	1,383,800	1,377,700	1,359,100	1,311,900	855,200	1,276,500	1,279,300	1,291,300	869,600	1,346,500	1,362,100	1,318,100	766,600	1,229,900	1,161,800	1,042,600	977,100	973,200	889,300	851,400	466,600	980,400	1,120,200	1,035,600	626,300	963,200	925,600	899,500	534,700	794,400	816,400	777,000	786,400	740,600	742,100	677,100	608,000	542,400	549,500	551,300	460,300	448,800	452,800	448,200	435,600	465,300	457,100	425,000	410,600	398,000	377,900	368,100	408,200	423,200	441,800	449,000	433,700	389,000	395,200	377,100	276,900	266,600	259,200	272,900	273,600	289,500	288,600	291,800	269,300	215,700	254,700	194,300	194,300	172,400	182,300	182,400	203,700	172,000	165,700	168,600	147,400	77,600	74,900	-	156,900	-	-	-
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	-	-	-	-	-	-
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	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-828,000	-915,000	-898,000	-824,000	-876,000	-1,078,000	-816,000	-564,000	-551,000	-746,000	-673,000	-736,000	-651,000	-730,000	-787,000	-801,000	-727,000	-779,000	-670,000	-675,000	-674,100	-609,200	-567,600	-430,300	-490,000	-545,700	-606,400	-674,200	-722,100	-571,000	-593,800	-540,800	-610,200	-576,700	-539,500	-616,900	-383,600	-199,900	-18,600	-16,800	-14,000	-91,000	-187,800	-189,200	-121,300	-120,600	-182,600	-94,800	-150,800	-85,000	65,900	31,100	-53,700	-40,000	-193,500	-60,600	14,500	21,500	-31,400	-117,500	-85,900	40,600	216,900	213,200	127,100	69,100	-27,200	-40,300	-60,300	-8,200	-3,500	-44,900	-74,200	-32,000	-18,200	24,000	55,200	33,100	13,500	25,300	14,000	-7,700	-6,900	-58,900	-56,500	-30,700	-39,900	-77,000	-55,100	-24,100	-33,500	-20,500	-18,500	-19,500	-8,000	-300	10,300	5,900	-436,100	-384,900	-370,400	-400,900	-392,200	-376,200	-359,500	-362,600	-350,700	-336,700	-328,900	-357,700	-341,200	-404,800	-404,800	-401,100	-390,900	-371,200	-364,500	-381,300	-364,300	-346,200	-334,200	-305,900	-295,900	-	-278,700	-	-	-
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	1,118,700	0	0	0	1,104,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,309,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	149,000	132,000	195,000	205,000	208,000	191,000	184,000	193,000	195,000	207,000	216,000	225,000	219,000	0	0	0	85,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,680,000	2,657,000	2,661,000	2,675,000	2,650,000	2,633,000	2,617,000	2,637,000	2,617,000	2,602,000	2,589,000	2,614,000	1,128,000	1,115,000	1,109,000	1,145,000	1,129,000	1,116,000	1,111,000	1,145,800	1,127,100	1,110,700	1,102,300	1,118,700	1,100,100	1,088,700	1,077,600	1,104,300	1,092,700	1,091,500	1,085,300	1,109,700	1,108,800	1,099,900	1,096,700	1,112,400	1,104,300	1,097,100	1,092,400	1,121,900	1,132,000	1,129,300	1,130,500	1,160,700	1,185,000	1,477,800	1,205,000	1,134,300	1,119,600	1,135,500	1,120,700	1,100,400	1,068,500	1,045,100	1,037,900	1,034,100	1,035,000	1,028,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,534,000	949,000	848,000	950,000	1,338,000	1,241,000	1,390,000	1,501,000	1,841,000	1,507,000	1,553,000	1,755,000	1,650,000	2,121,000	2,003,000	901,000	832,000	916,000	710,000	494,000	739,400	361,800	361,900	409,700	545,300	414,300	387,100	358,400	443,700	518,700	495,000	392,300	577,700	1,033,300	1,107,900	1,035,500	797,800	782,800	771,400	808,100	939,500	920,400	817,000	695,400	715,700	621,500	481,900	396,900	359,600	377,000	372,400	222,900	449,900	432,200	187,500	374,100	357,400	258,800	256,900	90,800	103,400	135,800	225,900	203,400	188,500	137,400	118,500	118,100	123,300	67,000	67,200	56,800	89,700	139,500	146,600	163,200	229,700	189,000	144,000	78,700	113,100	106,800	73,400	25,900	36,600	46,300	30,200	22,000	32,900	38,600	23,600	15,500	10,100	28,100	21,300	13,400	21,700	25,200	37,200	47,300	44,000	11,700	13,900	7,500	13,400	19,400	29,400	13,200	11,500	22,100	16,800	12,100	12,100	14,100	16,800	15,900	14,900	18,000	18,100	17,500	9,400	17,200	16,100	-	9,400	-	-	-
Cash And Equivalents	0	949,000	848,000	950,000	1,338,000	1,241,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,534,000	949,000	848,000	950,000	1,338,000	1,241,000	1,390,000	1,501,000	1,841,000	1,507,000	1,553,000	1,755,000	1,650,000	2,121,000	2,003,000	901,000	832,000	916,000	710,000	494,000	739,400	361,800	361,900	409,700	545,300	414,300	387,100	358,400	443,700	518,700	495,000	392,300	577,700	1,033,300	1,107,900	1,035,500	797,800	782,800	771,400	808,100	939,500	920,400	817,000	695,400	715,700	621,500	481,900	396,900	359,600	377,000	372,400	222,900	449,900	432,200	187,500	374,100	357,400	258,800	256,900	90,800	103,400	135,800	225,900	215,200	203,100	176,300	176,900	176,100	182,400	138,300	128,600	122,600	130,300	139,500	146,600	163,200	229,700	189,000	144,000	78,700	113,100	106,800	73,400	25,900	36,600	46,300	30,200	22,000	32,900	38,600	23,600	15,500	21,400	28,100	21,300	13,400	21,700	25,200	37,200	47,300	44,000	11,700	13,900	7,500	13,400	19,400	29,400	13,200	11,500	22,100	16,800	12,100	12,100	14,100	16,800	15,900	14,900	18,000	18,100	17,500	9,400	17,200	16,100	-	9,400	-	-	-
Common Stock	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	600	600	600	600	600	600	600	600	600	600	600	600	600	600	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	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	233,600	235,300	234,400	234,400	234,500	235,600	238,000	239,000	240,200	239,800	239,600	238,400	238,931	207,300	206,000	206,200	206,900	206,300	206,800	207,100	208,600	208,700	209,900	210,800	209,700	211,013	211,478	212,236	212,263	213,766	216,663	218,137	222,900	225,991	226,615	227,088	228,000	228,668	229,670	229,327	229,500	230,476	232,202	233,130	233,130	236,998	242,946	255,484	255,400	255,880	256,284	260,448	260,448	255,608	258,156	259,326	259,326	234,990	233,128	232,058	232,058	231,998	236,764	236,932	236,932	236,108	235,632	234,476	234,476	231,960	231,992	231,032	231,032	229,932	228,668	228,612	228,612	226,600	225,532	224,176	224,176	220,256	216,864	214,376	214,376	215,912	215,344	213,576	213,576	211,968	211,656	211,072	211,072	210,376	212,360	214,176	214,176	214,902	215,111	194,545	194,545	189,589	188,916	190,826	190,826	192,000	192,520	190,769	190,769	190,380	187,527	189,231	189,231	188,571	187,556	187,733	187,733	188,235	185,679	188,966	188,966	182,857	183,158	183,268	183,268	186,667	173,333	186,667
Common Stock Total Equity	0	0	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,000	2,500	2,500	2,500	2,500	2,500	2,500	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	600	600	600	600	600	600	600	600	600	600	600	600	600	600	300	300	300	300	300	300	0	300	300	300	300	300	300	300	300	300	300	300	300	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	142,000	172,000	257,000	224,000	218,000	239,000	234,000	242,000	241,000	270,000	260,000	252,000	220,000	-2,104,000	-1,635,000	-1,748,000	-507,000	-1,990,000	-2,036,000	57,000	58,900	9,800	12,400	44,400	40,800	-1,952,000	-1,845,100	-1,786,500	51,900	61,200	-1,696,900	-1,794,900	-15,200	-1,408,000	-1,492,900	0	93,600	-1,490,700	-1,614,400	-1,552,800	68,700	-1,334,400	-1,318,400	-1,269,900	94,700	-1,226,600	-1,252,500	-1,639,800	58,500	-1,661,600	-1,680,600	-1,279,900	493,900	-1,184,400	-1,127,000	-1,032,500	-1,046,200	-1,045,400	-985,100	-1,092,600	456,400	0	0	0	366,700	0	0	0	36,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	52,400	0	0	0	33,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-
Good Will	3,013,000	2,936,000	3,404,000	3,420,000	3,397,000	3,271,000	3,284,000	3,388,000	3,279,000	3,285,000	3,325,000	2,596,000	2,627,000	1,855,000	1,830,000	1,818,000	1,842,000	1,818,000	1,845,000	1,848,000	1,853,400	1,856,500	1,858,100	1,890,600	1,881,800	1,882,100	1,734,700	1,708,100	1,702,200	1,730,200	1,767,000	1,774,200	1,757,700	1,183,700	1,184,900	1,168,600	1,205,700	1,210,800	1,243,900	1,244,800	1,197,000	1,190,300	1,172,200	1,170,000	1,181,400	1,172,300	1,161,800	1,200,500	1,186,200	1,203,500	1,240,700	1,231,700	1,113,500	1,120,000	1,080,700	1,041,200	1,061,400	1,068,600	1,057,300	1,038,100	1,052,400	1,067,700	1,270,700	1,199,800	1,168,200	1,113,100	1,095,400	1,090,500	1,086,500	1,102,500	1,052,900	1,036,800	1,029,800	1,016,600	1,018,000	1,037,300	860,800	851,900	850,600	851,700	852,000	844,000	842,900	828,500	827,000	822,900	822,400	813,900	1,160,600	0	1,179,200	1,191,400	1,203,100	0	0	0	0	0	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	564,000	557,000	1,002,000	1,033,000	1,051,000	1,049,000	1,083,000	1,147,000	1,091,000	1,134,000	1,172,000	1,059,000	1,096,000	371,000	375,000	383,000	402,000	404,000	421,000	433,000	439,500	450,100	461,900	485,200	492,700	509,400	453,800	455,700	463,500	494,700	525,300	539,000	543,800	1,183,700	1,184,900	1,168,600	151,100	1,210,800	1,243,900	1,244,800	169,500	1,190,300	1,172,200	1,170,000	206,300	1,172,300	1,161,800	1,200,500	243,300	1,203,500	1,240,700	1,231,700	168,800	1,120,000	1,080,700	1,041,200	1,210,000	1,068,600	1,057,300	1,038,100	148,400	1,067,700	1,270,700	1,199,800	139,400	1,113,100	1,095,400	1,090,500	120,400	1,102,500	1,052,900	1,036,800	1,029,800	1,016,600	1,018,000	1,037,300	860,800	851,900	850,600	851,700	852,000	844,000	842,900	828,500	827,000	822,900	822,400	814,000	1,160,600	1,172,800	0	0	1,203,100	1,222,500	1,256,900	1,272,500	1,284,700	1,037,500	1,039,700	1,048,200	560,400	527,700	534,800	541,200	545,600	543,100	547,800	551,000	555,700	546,200	547,600	313,000	313,000	310,000	312,400	312,700	312,600	315,000	317,400	319,800	322,300	324,700	327,100	-	331,900	-	-	-
Inventory	1,313,000	1,328,000	1,860,000	1,800,000	1,687,000	1,658,000	1,653,000	1,644,000	1,534,000	1,649,000	1,567,000	1,361,000	1,286,000	815,000	836,000	847,000	807,000	810,000	817,000	807,000	780,800	810,300	800,200	800,400	766,300	773,400	701,400	656,900	641,200	687,200	744,600	756,300	723,600	523,100	525,700	506,300	505,700	531,800	528,000	516,900	458,100	454,700	439,200	449,500	447,600	475,300	472,700	480,800	454,300	482,400	495,500	490,700	430,600	442,000	378,800	350,300	314,300	314,600	313,500	352,400	451,200	499,700	498,300	471,800	447,600	450,900	424,600	425,000	386,900	379,900	357,300	341,300	332,000	347,800	351,200	331,000	223,400	221,400	215,600	215,700	201,300	198,400	192,600	189,200	180,300	172,100	156,000	144,000	143,800	146,400	143,300	153,500	161,600	184,500	182,000	180,000	164,400	175,400	169,900	165,100	115,700	130,800	124,500	108,700	108,000	111,800	100,900	98,600	91,100	109,300	105,100	94,000	94,000	92,300	89,800	90,000	81,300	81,900	67,500	69,000	68,100	72,900	63,400	-	64,800	-	-	-
Liabilities And Stockholders Equity	14,453,000	14,104,000	17,317,000	17,117,000	16,994,000	16,077,000	16,144,000	16,678,000	16,575,000	16,491,000	16,863,000	15,971,000	16,034,000	10,892,000	10,337,000	9,502,000	9,702,000	10,199,000	10,231,000	10,104,000	10,095,300	9,716,400	9,777,200	10,034,800	9,787,600	9,816,200	9,288,500	9,083,700	8,834,700	9,007,300	8,988,600	8,940,700	8,841,500	7,687,100	7,766,300	7,522,600	7,228,000	7,282,300	7,457,000	7,357,800	6,917,000	6,964,300	6,705,400	6,528,900	6,400,800	6,346,500	6,220,700	6,281,300	5,958,600	6,094,300	6,226,000	6,007,000	5,555,000	5,577,700	4,969,200	4,966,200	4,811,400	4,791,200	4,611,000	4,353,700	4,644,000	4,886,000	5,441,400	5,287,200	4,958,500	4,854,200	4,775,600	4,705,300	4,584,000	4,377,100	4,297,300	4,206,200	4,089,400	4,159,800	4,136,900	4,206,400	3,529,100	3,286,700	3,194,800	3,169,800	3,038,900	2,939,500	2,856,300	2,748,300	2,682,900	2,672,500	2,615,800	2,505,000	2,770,900	2,770,300	2,720,900	2,768,200	2,765,900	2,844,000	2,891,800	2,904,000	2,970,700	2,746,000	2,734,100	2,755,600	1,846,100	1,759,500	1,762,200	1,757,500	1,736,300	1,696,400	1,692,900	1,648,700	1,623,600	1,666,100	1,649,900	1,335,200	1,335,200	1,308,700	1,337,100	1,269,600	1,240,300	1,233,200	1,221,900	1,199,500	1,159,400	1,154,500	1,136,700	-	1,074,200	-	-	-
Long Term Debt	3,707,000	3,665,000	4,191,000	4,175,000	4,166,000	4,080,000	4,156,000	4,223,000	4,261,000	4,288,000	4,348,000	3,708,000	3,738,000	2,787,000	2,762,000	1,664,000	1,674,000	1,656,000	1,929,000	1,923,000	1,940,700	2,085,600	2,102,500	2,131,500	2,103,700	2,091,900	2,077,900	2,040,300	2,043,600	2,089,900	2,119,500	2,131,900	2,124,600	1,734,500	1,731,700	1,730,600	716,300	705,800	704,200	1,027,600	1,021,000	1,018,600	913,300	971,400	823,800	866,300	956,200	848,700	751,300	867,200	919,500	1,259,500	1,051,900	1,045,100	780,600	774,000	773,200	770,900	766,200	466,500	459,600	431,300	431,100	446,700	572,600	564,400	557,600	581,600	569,400	512,500	451,500	510,900	440,600	626,600	643,600	684,700	568,000	583,000	573,900	603,100	634,000	635,000	627,600	633,600	632,300	648,300	516,200	643,200	701,400	695,600	707,100	739,200	740,400	825,800	821,100	767,300	0	0	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	3,665,000	4,191,000	4,175,000	4,166,000	4,080,000	4,156,000	4,223,000	4,261,000	4,288,000	4,348,000	3,708,000	3,738,000	2,787,000	2,762,000	1,664,000	1,674,000	1,656,000	1,929,000	1,923,000	1,940,700	2,085,600	2,102,500	2,131,500	2,103,700	2,091,900	2,077,900	2,040,300	2,043,600	2,089,900	2,119,500	2,131,900	2,124,600	1,734,500	1,731,700	1,730,600	716,300	705,800	704,200	1,027,600	1,021,000	1,018,600	913,300	971,400	823,800	866,300	956,200	848,700	751,300	867,200	919,500	1,259,500	1,051,900	1,045,100	780,600	774,000	773,200	770,900	766,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	308,000	567,000	835,000	895,000	809,000	422,000	442,000	473,000	428,000	513,000	495,000	557,000	820,000	305,000	315,000	315,000	318,000	694,000	690,000	617,000	591,700	610,300	610,500	581,800	547,400	559,500	528,600	530,000	502,200	512,700	508,900	487,700	460,900	438,500	437,500	422,500	403,300	460,800	469,900	440,200	405,100	402,300	392,200	377,500	382,700	380,700	363,700	345,600	345,300	354,800	336,800	319,500	307,900	310,300	290,000	264,900	257,400	247,200	232,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-
Net Debt	2,395,000	2,779,000	3,408,000	3,287,000	2,890,000	3,086,000	3,010,000	2,979,000	2,486,000	2,835,000	3,024,000	2,229,000	2,137,000	715,000	1,056,000	1,049,000	1,128,000	1,159,000	1,390,000	1,593,000	1,373,900	1,774,500	1,811,100	1,915,800	1,643,000	1,980,800	1,832,600	1,937,000	1,775,800	2,096,600	2,139,800	2,206,100	1,988,400	775,800	695,900	802,900	542,200	528,700	473,900	558,000	283,100	351,900	413,100	505,300	351,500	481,300	671,300	1,013,100	969,500	1,015,500	1,076,500	1,212,800	730,500	759,100	778,800	532,300	484,900	588,900	605,100	626,100	676,900	578,500	401,000	526,200	447,800	464,100	526,900	576,900	597,800	696,000	618,600	716,200	650,800	661,100	682,400	752,200	354,800	401,300	438,900	533,500	530,900	541,000	565,600	622,900	610,100	614,600	637,400	675,000	704,100	697,500	710,500	779,600	784,700	865,800	876,000	889,600	958,600	870,700	881,900	948,900	349,500	340,000	360,700	351,000	324,700	274,200	274,700	287,500	305,800	372,900	341,600	122,600	122,600	144,900	151,900	119,200	92,400	128,300	135,900	139,500	150,200	171,800	246,600	-	98,100	-	-	-
Net Invested Capital	9,608,000	9,496,000	11,807,000	11,678,000	11,452,000	10,911,000	11,105,000	11,337,000	11,275,000	10,988,000	11,010,000	10,126,000	10,215,000	7,593,000	7,670,000	6,674,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Net Receivables	3,127,000	3,351,000	3,856,000	3,566,000	3,323,000	3,381,000	3,152,000	3,185,000	2,898,000	2,890,000	3,085,000	3,168,000	2,919,000	1,977,000	1,535,000	1,735,000	1,921,000	1,983,000	2,063,000	2,065,000	1,987,400	2,061,100	2,131,000	2,247,100	2,018,900	2,046,100	1,939,300	1,934,300	1,689,300	1,764,000	1,806,900	1,861,200	1,665,000	1,551,500	1,573,000	1,564,700	1,443,500	1,466,100	1,571,700	1,546,100	1,248,500	1,347,500	1,339,700	1,318,400	1,147,300	1,261,400	1,327,700	1,369,400	1,183,000	1,237,900	1,269,900	1,278,400	1,023,900	1,064,400	977,400	885,200	732,000	779,600	681,100	622,100	607,100	849,100	951,100	955,100	802,400	870,100	848,300	795,400	767,300	695,600	716,700	703,600	626,100	660,800	640,600	654,700	499,100	497,100	491,200	515,600	414,900	381,000	367,000	358,800	292,100	291,600	295,600	250,000	203,700	200,000	197,000	202,800	168,900	231,000	252,200	276,300	216,200	215,600	224,600	230,400	185,400	192,000	155,700	183,500	158,600	138,600	144,000	144,900	124,600	126,900	134,300	91,400	91,400	99,900	108,800	102,300	98,900	95,900	113,800	107,600	98,900	86,700	85,700	-	83,200	-	-	-
Net Tangible Assets	0	2,275,000	3,145,000	2,988,000	2,776,000	2,455,000	2,522,000	2,515,000	2,578,000	2,227,000	2,152,000	2,712,000	2,705,000	2,531,000	2,406,000	2,523,000	2,462,000	2,235,000	2,128,000	1,993,000	1,932,600	1,759,800	1,640,300	1,534,900	1,342,300	1,434,200	1,423,500	1,239,600	1,052,600	1,485,000	1,389,400	1,380,000	1,252,200	2,533,300	2,501,800	2,335,400	2,410,500	2,519,800	2,584,900	2,438,700	2,363,600	2,177,000	2,022,900	1,936,100	1,901,200	1,872,500	1,711,900	1,457,500	1,201,700	1,202,000	1,190,200	1,074,700	1,145,100	1,135,900	935,400	1,163,000	1,123,900	1,068,600	1,000,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,450,000	2,327,000	2,641,000	2,459,000	2,381,000	2,731,000	2,829,000	2,781,000	2,799,000	2,825,000	2,675,000	2,661,000	2,357,000	2,966,000	2,671,000	1,617,000	1,507,000	1,462,000	1,536,000	1,420,000	1,405,700	1,391,000	1,307,400	1,261,200	1,118,000	1,019,900	1,087,100	956,100	819,800	844,100	807,100	872,000	778,000	1,761,200	1,765,800	1,723,900	802,600	829,000	866,600	1,110,400	1,174,600	1,231,500	1,020,300	1,018,300	869,700	925,200	907,200	528,800	232,400	343,600	369,100	621,200	667,600	682,100	320,000	573,900	505,600	450,300	409,700	77,400	58,200	257,400	463,700	430,700	496,400	601,400	533,800	482,100	402,700	268,900	208,500	175,700	46,600	284,700	244,600	258,800	410,500	456,500	387,100	333,500	354,300	266,300	215,900	157,300	115,300	76,200	42,600	-26,000	-13,700	-89,400	-80,300	-81,200	-119,300	-50,000	-78,200	-147,900	-101,500	104,900	124,800	123,200	-78,000	22,300	-13,000	-34,400	-88,300	-84,100	-77,800	-82,400	-84,800	-18,800	-62,700	-45,000	-45,000	19,000	7,500	-6,800	-32,000	24,600	33,300	5,400	6,100	27,100	-	-	-	-	-	-
Non Current Assets Total	8,236,000	8,204,000	10,441,000	10,510,000	10,377,000	9,530,000	9,664,000	10,038,000	9,978,000	10,029,000	10,326,000	9,389,000	9,867,000	5,727,000	5,696,000	5,761,000	5,866,000	6,212,000	6,382,000	6,385,000	6,290,700	6,225,800	6,233,500	6,337,000	6,244,400	6,415,100	6,095,300	5,976,400	5,923,100	5,718,100	5,781,700	5,758,300	5,706,200	4,386,100	4,364,900	4,197,200	4,257,200	4,330,500	4,419,700	4,336,500	4,118,500	4,058,100	3,968,500	3,927,400	3,928,000	3,852,900	3,800,200	3,871,300	3,820,800	3,826,600	3,920,300	3,853,300	3,495,100	3,474,000	3,266,900	3,207,200	3,259,600	3,286,300	3,216,200	3,165,300	3,335,800	3,261,000	3,629,300	3,520,100	3,378,200	3,218,600	3,193,500	3,170,800	3,146,500	3,032,300	3,006,200	2,953,400	2,920,700	2,921,500	2,915,100	2,978,900	2,454,800	2,267,300	2,231,900	2,241,200	2,214,300	2,186,300	2,159,500	2,119,600	2,116,400	2,085,100	2,071,700	2,029,000	2,329,600	2,334,300	2,309,100	2,333,700	2,355,300	2,363,300	2,399,900	2,397,700	2,412,400	2,077,600	2,052,500	2,061,000	1,470,000	1,391,000	1,435,800	1,434,700	1,429,400	1,392,200	1,389,300	1,363,200	1,370,500	1,394,600	1,382,100	1,127,700	1,127,700	1,075,800	1,095,900	1,037,900	1,024,500	997,300	988,100	977,200	966,000	953,800	947,400	-	900,900	-	-	-
Non Current Liabilities Other	74,000	859,000	1,110,000	1,115,000	1,084,000	56,000	54,000	87,000	1,254,000	1,546,000	80,000	1,688,000	1,757,000	988,000	842,000	850,000	855,000	1,440,000	1,487,000	1,497,000	1,410,900	1,361,000	1,384,400	1,450,900	1,432,800	1,426,800	1,412,600	1,412,500	1,397,400	681,600	713,200	737,300	728,100	624,900	647,500	628,000	652,600	653,500	688,400	682,000	639,700	836,300	819,500	812,700	827,800	806,300	816,700	830,600	848,900	837,300	871,400	861,200	801,000	806,000	748,200	764,300	769,300	795,000	776,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,620,000	4,524,000	5,301,000	5,290,000	5,250,000	5,224,000	5,322,000	5,481,000	5,515,000	5,834,000	5,979,000	5,396,000	5,471,000	3,775,000	3,604,000	2,514,000	2,529,000	3,096,000	3,416,000	3,420,000	3,351,600	3,446,600	3,486,900	3,582,400	3,536,500	3,518,700	3,490,500	3,452,800	3,441,000	2,771,500	2,832,700	2,869,200	2,852,700	2,359,400	2,379,200	2,358,600	1,368,900	1,359,300	1,392,600	1,709,600	1,660,700	1,854,900	1,732,800	1,784,100	1,651,600	1,672,600	1,772,900	1,679,300	1,600,200	1,704,500	1,790,900	2,120,700	1,852,900	1,851,100	1,528,800	1,538,300	1,542,500	1,565,900	1,543,100	1,255,800	1,356,500	1,260,900	1,504,000	1,349,400	1,435,600	1,456,000	1,541,000	1,548,600	1,511,700	1,279,900	1,231,000	1,262,200	1,187,000	1,451,300	1,464,800	1,537,500	1,308,900	1,255,600	1,220,000	1,220,200	1,291,000	1,258,200	1,243,800	1,241,300	1,235,800	1,163,900	1,167,300	1,143,000	1,200,300	1,098,100	1,107,700	1,147,900	1,138,600	1,231,200	1,226,100	1,170,700	1,244,600	1,161,800	1,194,200	1,230,400	606,200	684,000	707,200	683,400	626,700	620,500	633,400	640,400	649,900	739,500	699,500	479,500	479,500	511,900	517,100	475,500	454,400	506,700	520,100	504,100	511,300	516,800	574,300	-	177,000	-	-	-
Non Currrent Assets Other	168,000	4,635,000	5,959,000	419,000	516,000	475,000	378,000	347,000	531,000	483,000	273,000	267,000	493,000	372,000	395,000	406,000	302,000	484,000	535,000	3,490,000	304,600	481,100	477,300	3,413,200	645,300	710,400	714,400	729,500	612,700	462,000	3,278,900	3,259,400	543,000	522,700	532,200	556,200	441,800	541,800	563,600	572,200	149,900	504,800	549,700	554,000	125,500	567,400	564,500	559,200	67,800	551,100	582,100	606,000	56,800	455,700	423,700	412,700	390,300	387,600	362,000	312,400	80,900	281,400	355,600	329,300	337,100	297,100	365,900	367,000	302,000	484,000	248,900	362,700	596,000	647,900	639,500	641,900	516,800	408,100	390,400	396,100	377,000	368,900	353,800	346,900	343,300	353,200	336,100	323,000	325,100	308,500	296,100	296,800	345,000	337,700	333,700	333,300	331,700	315,000	303,800	309,400	275,100	259,400	271,500	273,200	272,100	290,400	289,300	280,100	280,600	300,500	295,200	291,700	291,700	266,500	280,800	262,900	249,600	240,700	236,300	231,200	225,400	213,200	208,400	-	156,100	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	230,000	238,000	284,000	262,000	282,000	288,000	314,000	374,000	373,000	287,000	296,000	161,000	152,000	140,000	138,000	121,000	108,000	111,000	119,300	103,800	93,700	105,100	109,100	90,600	79,900	76,300	83,600	80,800	74,400	67,900	77,800	70,900	64,800	58,500	74,700	69,600	64,900	53,800	71,800	67,400	60,900	55,500	63,500	60,700	60,800	62,800	65,100	60,200	67,600	47,400	51,200	49,100	42,000	38,600	37,400	33,500	25,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	390,000	531,000	502,000	469,000	5,524,000	607,000	617,000	5,583,000	5,631,000	590,000	509,000	1,548,000	677,000	395,000	406,000	296,000	431,000	475,000	494,000	850,500	524,800	520,700	3,413,200	3,380,600	3,661,400	3,431,500	3,423,300	3,421,300	3,199,600	3,278,900	3,259,400	3,258,100	2,200,900	2,204,400	2,147,300	2,163,300	2,263,100	2,330,400	2,308,700	2,179,100	2,182,700	2,172,200	2,162,200	2,140,000	2,154,200	2,127,500	2,174,900	2,156,500	2,189,400	2,238,900	2,230,100	1,952,500	1,964,900	1,861,000	1,770,800	1,769,300	1,761,300	1,714,100	1,655,200	1,749,600	1,649,600	1,927,500	1,847,900	1,769,100	1,693,700	1,716,800	1,710,200	1,685,800	1,681,500	1,666,100	1,651,900	1,625,800	1,664,500	1,657,500	1,679,200	1,377,600	1,260,100	1,241,000	1,247,800	1,229,000	1,258,700	1,239,600	1,222,600	1,221,500	1,228,700	1,213,400	1,200,800	1,491,400	1,512,100	1,514,500	1,542,100	1,548,100	1,560,200	1,590,600	1,605,800	0	0	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	74,000	272,000	312,000	291,000	269,000	89,000	130,000	135,000	321,000	308,000	132,000	121,000	312,000	252,000	267,000	258,000	276,000	278,000	259,000	280,000	250,000	192,900	185,100	171,000	145,400	167,300	165,400	157,700	137,400	147,500	160,400	172,600	169,000	137,100	145,000	139,000	223,800	121,400	113,200	98,700	152,400	183,600	82,900	77,500	22,000	135,400	138,200	162,900	55,400	170,400	167,900	161,700	49,400	165,100	158,600	149,400	148,100	151,900	143,300	123,100	75,800	140,400	136,800	125,000	80,800	138,300	132,300	138,000	51,300	131,000	88,500	85,300	80,300	90,200	83,400	78,600	44,200	40,300	39,600	39,800	62,500	29,700	15,600	14,700	14,200	13,400	13,100	36,000	60,900	20,300	19,500	32,100	58,700	37,100	36,400	36,600	156,000	252,200	249,900	251,800	31,000	34,000	32,300	23,100	26,900	34,400	29,300	28,800	25,900	13,200	11,600	10,000	10,000	26,600	25,800	23,500	20,700	40,100	34,400	28,200	17,000	23,900	24,100	-	15,900	-	-	-
Other Current Liab	969,000	942,000	1,188,000	1,186,000	1,272,000	1,082,000	1,022,000	1,048,000	1,215,000	1,182,000	1,174,000	1,084,000	1,189,000	2,127,000	1,654,000	1,793,000	573,000	2,048,000	2,089,000	22,000	23,100	29,900	31,300	37,800	29,500	2,015,000	1,904,700	1,841,300	16,700	95,300	1,790,700	1,819,400	64,600	1,436,600	1,528,200	9,300	-79,400	1,503,900	1,622,000	1,562,600	-30,200	1,377,700	1,359,100	1,311,900	409,800	1,282,000	1,289,500	1,668,400	399,500	1,713,900	1,725,700	1,318,100	3,300	1,229,900	1,161,800	1,042,600	1,046,200	1,050,000	985,100	1,101,800	6,300	104,200	32,400	17,900	27,200	33,900	34,900	39,500	311,800	31,000	31,900	38,000	35,800	39,000	49,700	60,900	39,300	13,200	17,300	34,700	160,300	25,300	16,700	8,000	1,200	33,300	27,900	23,000	8,800	86,900	87,200	91,700	67,300	39,400	52,100	69,500	92,100	56,000	51,500	49,200	32,200	33,400	35,600	39,100	53,900	50,000	45,400	39,400	30,600	31,600	30,400	26,600	26,600	21,600	26,600	27,100	23,600	19,600	21,600	22,200	20,200	74,100	83,300	-	10,100	-	-	-
Other Liab	0	768,000	1,110,000	0	918,000	1,144,000	1,019,000	1,105,000	1,254,000	1,546,000	1,463,000	1,512,000	1,733,000	988,000	842,000	850,000	788,000	1,372,000	1,416,000	1,423,000	1,410,900	1,361,000	1,384,400	1,450,900	1,371,400	1,426,800	1,412,600	1,412,500	1,343,200	681,600	713,200	737,300	608,000	624,900	647,500	628,000	605,800	653,500	688,400	682,000	558,400	836,300	819,500	812,700	738,400	806,300	816,700	830,600	728,700	837,300	871,400	861,200	687,300	806,000	748,200	764,300	679,500	795,000	776,900	789,300	807,300	829,600	1,072,900	902,700	760,900	891,600	983,400	967,000	834,300	767,400	779,500	751,300	640,700	824,700	821,200	852,800	680,300	672,700	646,100	617,100	648,200	623,200	616,200	607,700	603,500	515,600	651,100	500,900	498,900	402,500	400,600	408,700	398,200	405,400	405,000	403,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Other Stockholder Equity	501,000	670,000	650,000	630,000	643,000	611,000	697,000	781,000	825,000	807,000	792,000	779,000	780,000	-495,000	-508,000	-514,000	-512,000	-524,000	-537,000	-515,000	-439,000	-454,200	-433,400	-383,900	-326,700	-343,900	-341,400	-299,600	-277,300	-259,700	-209,400	-114,500	-48,700	177,600	238,300	251,800	280,200	321,500	375,000	389,700	394,700	391,500	454,400	540,900	591,500	674,200	666,200	483,300	427,200	501,200	517,100	589,300	750,900	2,295,900	866,500	1,000,800	976,200	958,600	946,800	897,700	890,200	890,600	897,000	895,500	896,900	889,900	889,600	895,500	871,000	852,500	844,700	836,900	828,600	824,200	802,800	801,500	797,000	794,400	784,600	778,300	754,800	740,600	710,100	708,800	701,800	716,500	1,263,600	699,000	1,153,900	1,194,600	1,169,000	1,154,100	1,146,300	1,127,200	1,133,400	1,135,700	1,127,700	1,120,600	1,128,200	1,080,000	917,500	927,900	919,300	920,500	902,500	923,100	919,700	894,000	895,900	917,600	900,000	970,700	973,900	968,800	972,200	941,200	933,000	947,000	928,500	907,000	891,300	770,000	664,400	-	1,006,900	-	-	-
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	-	-	-	-	-	-
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	2,309,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,742,000	3,697,000	4,669,000	4,660,000	8,468,000	4,190,000	0	0	0	0	4,744,000	4,668,000	4,802,000	2,824,000	2,781,000	2,839,000	3,010,000	2,812,000	2,891,000	2,895,000	2,903,800	2,827,800	2,825,700	2,923,800	2,863,800	2,753,700	2,663,800	2,553,100	2,501,800	2,518,500	2,502,800	2,498,900	2,448,100	2,185,200	2,049,000	2,049,900	2,093,900	2,067,400	2,089,300	2,027,800	1,939,400	1,875,400	1,796,300	1,765,200	1,788,000	1,698,700	1,672,700	1,696,400	1,664,300	1,637,200	1,681,400	1,623,200	1,542,600	1,509,100	1,405,900	1,436,400	1,490,300	1,525,000	1,502,100	1,510,100	1,586,200	1,611,400	1,701,800	1,672,200	1,609,100	1,524,900	1,476,700	1,460,600	1,460,700	1,445,800	1,459,500	1,301,500	1,294,900	1,257,000	1,257,600	1,299,700	1,077,200	1,007,300	990,900	993,400	985,300	927,600	919,900	897,000	894,900	856,400	858,300	828,000	838,200	822,200	794,600	791,600	807,200	803,100	809,300	791,900	796,000	725,100	709,000	634,500	634,500	603,900	629,500	620,300	611,700	558,700	552,200	532,100	534,200	547,900	539,300	513,000	523,000	499,300	502,700	462,300	462,300	441,600	434,400	426,200	418,300	415,900	411,900	-	412,900	-	-	-
Property Plant And Equipment Net	3,926,000	3,569,000	4,482,000	4,463,000	4,365,000	4,190,000	4,327,000	4,521,000	4,395,000	4,398,000	4,744,000	4,668,000	4,591,000	2,824,000	2,781,000	2,839,000	2,925,000	2,812,000	2,891,000	2,895,000	2,903,800	2,827,800	2,825,700	2,923,800	2,863,800	2,753,700	2,663,800	2,553,100	2,501,800	2,518,500	2,502,800	2,498,900	2,448,100	2,185,200	2,160,500	2,049,900	2,093,900	2,067,400	2,089,300	2,027,800	1,939,400	1,875,400	1,796,300	1,765,200	1,788,000	1,698,700	1,672,700	1,696,400	1,664,300	1,637,200	1,681,400	1,623,200	1,542,600	1,509,100	1,405,900	1,436,400	1,490,300	1,525,000	1,502,100	1,510,100	1,586,200	1,611,400	1,701,800	1,672,200	1,609,100	1,524,900	1,476,700	1,460,600	1,460,700	1,445,800	1,459,500	1,301,500	1,294,900	1,257,000	1,257,600	1,299,700	1,077,200	1,007,300	990,900	993,400	985,300	927,600	919,900	897,000	894,900	856,400	858,300	828,000	838,200	822,200	794,600	791,600	807,200	803,100	809,300	791,900	796,000	725,100	709,000	703,400	634,500	603,900	629,500	620,300	611,700	558,700	552,200	532,100	534,200	547,900	539,300	523,000	523,000	499,300	502,700	462,300	462,300	441,600	434,400	426,200	418,300	415,900	411,900	-	412,900	-	-	-
Property Plant Equipment	0	3,697,000	4,669,000	4,660,000	4,564,000	4,006,000	4,327,000	4,521,000	4,395,000	4,398,000	4,744,000	4,668,000	4,591,000	2,824,000	2,781,000	2,839,000	2,925,000	2,812,000	2,891,000	2,895,000	2,903,800	2,827,800	2,825,700	2,923,800	2,863,800	2,753,700	2,663,800	2,553,100	2,501,800	2,518,500	2,502,800	2,498,900	2,448,100	2,185,200	2,160,500	2,049,900	2,093,900	2,067,400	2,089,300	2,027,800	1,939,400	1,875,400	1,796,300	1,765,200	1,788,000	1,698,700	1,672,700	1,696,400	1,664,300	1,637,200	1,681,400	1,623,200	1,542,600	1,509,100	1,405,900	1,436,400	1,490,300	1,525,000	1,502,100	1,510,100	1,586,200	1,611,400	1,701,800	1,672,200	1,609,100	1,524,900	1,476,700	1,460,600	1,460,700	1,350,800	1,340,100	1,301,500	1,294,900	1,257,000	1,257,600	1,299,700	1,077,200	1,007,300	990,900	993,400	985,300	927,600	919,900	897,000	894,900	856,400	858,300	828,000	838,200	822,200	794,600	791,600	807,200	803,100	809,300	791,900	0	0	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	6,152,000	6,010,000	7,796,000	7,632,000	7,454,000	7,239,000	7,005,000	6,830,000	6,671,000	6,582,000	6,527,000	6,321,000	6,296,000	5,979,000	5,903,000	6,036,000	5,942,000	5,757,000	5,598,000	5,461,000	5,336,100	5,127,300	4,958,800	4,722,400	4,531,000	4,712,800	4,557,300	4,374,700	4,215,200	4,538,100	4,482,400	4,346,000	4,210,100	4,113,600	3,985,400	3,866,600	3,717,100	3,606,500	3,469,900	3,308,100	3,177,400	3,065,600	2,927,300	2,753,200	2,611,200	2,490,000	2,388,900	2,268,300	2,110,300	1,988,100	1,846,700	1,684,800	1,560,200	1,448,500	1,341,900	1,262,800	1,193,400	1,155,900	1,141,000	1,179,600	1,200,500	1,294,600	1,439,800	1,369,500	1,295,900	1,235,200	1,161,900	1,096,100	1,064,100	1,032,400	1,002,400	941,400	889,200	832,700	779,200	751,100	681,400	620,700	582,900	535,500	491,300	446,200	415,200	375,200	335,800	299,100	271,100	229,000	470,900	472,700	459,300	439,000	422,900	420,000	419,400	382,700	346,400	314,100	291,000	258,700	230,200	202,300	188,500	172,600	150,700	127,100	109,100	83,100	61,800	76,400	61,100	34,100	34,100	15,200	5,000	-16,000	-33,600	-53,400	-65,500	-84,300	-98,000	0	-	-	-	-	-	-
Retained Earnings Total Equity	0	0	7,796,000	7,632,000	7,454,000	7,239,000	7,005,000	6,830,000	6,671,000	6,582,000	6,527,000	6,321,000	6,296,000	5,979,000	5,903,000	6,036,000	5,942,000	5,757,000	5,598,000	5,461,000	5,336,100	5,127,300	4,958,800	4,722,400	4,531,000	4,712,800	4,557,300	4,374,700	4,215,200	4,538,100	4,482,400	4,346,000	4,210,100	4,113,600	3,985,400	3,866,600	3,717,100	3,606,500	3,469,900	3,308,100	3,177,400	3,065,600	2,927,300	2,753,200	2,611,200	2,490,000	2,388,900	2,268,300	2,110,300	1,988,100	1,846,700	1,684,800	1,560,200	1,448,500	1,341,900	1,262,800	1,193,400	1,155,900	1,141,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Short Long Term Debt	73,000	63,000	65,000	62,000	62,000	56,000	60,000	64,000	66,000	54,000	13,000	51,000	49,000	49,000	297,000	286,000	286,000	419,000	171,000	164,000	139,800	14,800	2,800	6,300	15,800	20,800	2,219,700	2,295,400	19,400	525,400	515,300	0	160,700	0	0	0	22,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,929,000	3,728,000	4,256,000	4,237,000	4,228,000	4,327,000	4,400,000	4,480,000	4,327,000	4,342,000	4,577,000	3,984,000	3,787,000	2,836,000	3,059,000	1,950,000	1,960,000	2,075,000	2,100,000	2,087,000	2,113,300	2,136,300	2,173,000	2,325,500	2,188,300	2,395,100	2,219,700	2,295,400	2,219,500	2,615,300	2,634,800	2,598,400	2,566,100	1,809,100	1,803,800	1,838,400	1,340,000	1,311,500	1,245,300	1,366,100	1,222,600	1,272,300	1,230,100	1,200,700	1,067,200	1,102,800	1,153,200	1,410,000	1,329,100	1,392,500	1,448,900	1,435,700	1,180,400	1,191,300	966,300	906,400	842,300	847,700	862,000	716,900	780,300	714,300	626,900	729,600	636,300	601,500	645,400	695,000	721,100	763,000	685,800	773,000	740,500	800,600	829,000	915,400	584,500	590,300	582,900	612,200	644,000	647,800	639,000	648,800	646,700	660,900	667,600	697,000	737,000	736,100	734,100	795,100	794,800	893,900	897,300	903,000	980,300	895,900	919,100	996,200	393,500	351,700	374,600	358,500	338,100	293,600	304,100	300,700	317,300	395,000	358,400	134,700	134,700	159,000	168,700	135,100	107,300	146,300	154,000	157,000	159,600	189,000	262,700	-	107,500	-	-	-
Short Term Debt	110,000	63,000	65,000	62,000	62,000	95,000	97,000	104,000	66,000	54,000	61,000	100,000	49,000	49,000	297,000	286,000	286,000	419,000	171,000	164,000	172,600	50,700	70,500	194,000	84,600	303,200	141,800	255,100	175,900	525,400	515,300	466,500	441,500	74,600	72,100	107,800	623,700	605,700	541,100	338,500	201,600	253,700	316,800	229,300	243,400	236,500	197,000	561,300	577,800	525,300	529,400	176,200	128,500	146,200	185,700	132,400	69,100	76,800	95,800	250,400	320,700	283,000	195,800	282,900	63,700	37,100	87,800	113,400	151,700	250,500	234,300	262,100	299,900	174,000	185,400	230,700	16,500	7,300	9,000	9,100	10,000	12,800	11,400	15,200	14,400	12,600	16,500	54,000	35,600	40,500	27,000	55,900	54,400	68,100	76,200	135,700	134,000	118,500	110,100	145,100	145,000	46,200	44,600	45,200	67,700	48,800	47,400	36,700	38,000	43,000	45,400	31,600	31,600	19,900	24,800	29,000	20,500	19,700	13,200	26,100	19,700	21,900	35,700	-	-	-	-	-
Short Term Investments	56,000	0	0	0	87,000	0	0	0	0	513,000	546,000	557,000	820,000	305,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12,300	0	422,000	422,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,800	14,600	38,900	58,400	58,000	59,100	71,300	61,400	65,800	40,600	0	0	0	44,200	0	0	0	32,000	0	0	0	14,200	0	0	0	0	0	0	0	11,300	0	0	0	0	0	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	2,309,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	14,453,000	14,104,000	17,317,000	17,117,000	16,994,000	16,077,000	16,144,000	16,678,000	16,575,000	16,491,000	16,863,000	15,971,000	16,034,000	10,892,000	10,337,000	9,502,000	9,702,000	10,199,000	10,231,000	10,104,000	10,095,300	9,716,400	9,777,200	10,034,800	9,787,600	9,816,200	9,288,500	9,083,700	8,834,700	9,007,300	8,988,600	8,940,700	8,841,500	7,687,100	7,766,300	7,522,600	7,228,000	7,282,300	7,457,000	7,357,800	6,917,000	6,964,300	6,705,400	6,528,900	6,400,800	6,346,500	6,220,700	6,281,300	5,958,600	6,094,300	6,226,000	6,007,000	5,555,000	5,577,700	4,969,200	4,966,200	4,811,400	4,791,200	4,611,000	4,353,700	4,644,000	4,886,000	5,441,400	5,287,200	4,958,500	4,854,200	4,775,600	4,705,300	4,584,000	4,377,100	4,297,300	4,206,200	4,089,400	4,159,800	4,136,900	4,206,400	3,529,100	3,286,700	3,194,800	3,169,800	3,038,900	2,939,500	2,856,300	2,748,300	2,682,900	2,672,500	2,615,800	2,505,000	2,770,900	2,770,300	2,720,900	2,768,200	2,765,900	2,844,000	2,891,800	2,904,000	2,970,700	2,746,000	2,734,100	2,755,600	1,846,100	1,759,500	1,762,200	1,757,500	1,736,300	1,696,400	1,692,900	1,648,700	1,623,600	1,666,100	1,649,900	1,335,200	1,335,200	1,308,700	1,337,100	1,269,600	1,240,300	1,233,200	1,221,900	1,199,500	1,159,400	1,154,500	1,136,700	-	1,074,200	-	-	-
Total Current Assets	6,217,000	5,900,000	6,876,000	6,607,000	6,617,000	6,547,000	6,480,000	6,640,000	6,597,000	6,462,000	6,537,000	6,582,000	6,167,000	5,165,000	4,641,000	3,741,000	3,836,000	3,987,000	3,849,000	3,719,000	3,804,600	3,490,600	3,543,700	3,697,800	3,543,200	3,401,100	3,193,200	3,107,300	2,911,600	3,289,200	3,206,900	3,182,400	3,135,300	3,301,000	3,401,400	3,325,400	2,970,800	2,951,800	3,037,300	3,021,300	2,798,500	2,906,200	2,736,900	2,601,500	2,472,800	2,493,600	2,420,500	2,410,000	2,137,800	2,267,700	2,305,700	2,153,700	2,059,900	2,103,700	1,702,300	1,759,000	1,551,800	1,504,900	1,394,800	1,188,400	1,308,200	1,625,000	1,812,100	1,767,100	1,580,300	1,635,600	1,582,100	1,534,500	1,437,500	1,344,800	1,291,100	1,252,800	1,168,700	1,238,300	1,221,800	1,227,500	1,074,300	1,019,400	962,900	928,600	824,600	753,200	696,800	628,700	566,500	587,400	544,100	476,000	441,300	436,000	411,800	434,500	410,600	480,700	491,900	506,300	558,300	668,400	681,600	694,600	376,100	368,500	326,400	322,800	306,900	304,200	303,600	285,500	253,100	271,500	267,800	207,500	207,500	232,900	241,200	231,700	215,800	235,900	233,800	222,300	193,400	200,700	189,300	-	173,300	-	-	-
Total Current Liabilities	3,767,000	3,573,000	4,235,000	4,148,000	4,236,000	3,816,000	3,651,000	3,859,000	3,798,000	3,637,000	3,862,000	3,921,000	3,810,000	2,199,000	1,970,000	2,124,000	2,329,000	2,525,000	2,313,000	2,299,000	2,398,900	2,099,600	2,236,300	2,436,600	2,425,200	2,381,200	2,106,100	2,151,200	2,091,800	2,445,100	2,399,800	2,310,400	2,357,300	1,539,800	1,635,600	1,601,500	2,168,200	2,122,800	2,170,700	1,910,900	1,623,900	1,674,700	1,716,600	1,583,200	1,603,100	1,568,400	1,513,300	1,881,200	1,905,400	1,924,100	1,936,600	1,532,500	1,392,300	1,421,600	1,382,300	1,185,100	1,046,200	1,054,600	985,100	1,111,000	1,250,000	1,367,600	1,348,400	1,336,400	1,083,900	1,034,200	1,048,300	1,052,400	1,034,800	1,075,900	1,082,600	1,077,100	1,122,100	953,600	977,200	968,700	663,800	562,900	575,800	595,100	470,300	486,900	480,900	471,400	451,200	511,200	501,500	502,000	455,000	525,400	492,100	515,700	529,900	530,700	570,100	654,200	659,800	563,500	556,800	571,400	454,100	346,200	339,400	357,200	395,200	388,300	381,400	367,900	337,900	290,300	330,500	252,500	252,500	213,900	233,700	238,500	247,800	211,300	200,500	216,900	187,300	173,600	193,900	-	167,000	-	-	-
Total Liab	8,387,000	8,097,000	9,536,000	9,438,000	9,486,000	9,040,000	8,973,000	9,340,000	9,313,000	9,471,000	9,841,000	9,317,000	9,281,000	5,974,000	5,574,000	4,638,000	4,858,000	5,621,000	5,729,000	5,719,000	5,750,500	5,546,200	5,723,200	6,019,000	5,961,700	5,899,900	5,596,600	5,604,000	5,532,800	5,216,600	5,232,500	5,179,600	5,210,000	3,899,200	4,014,800	3,960,100	3,537,100	3,482,100	3,563,300	3,620,500	3,284,600	3,529,600	3,449,400	3,367,300	3,254,700	3,241,000	3,286,200	3,560,500	3,505,600	3,628,600	3,727,500	3,653,200	3,245,200	3,272,700	2,911,100	2,723,400	2,588,700	2,620,500	2,528,200	2,366,800	2,606,500	2,628,500	2,852,400	2,685,800	2,519,500	2,490,200	2,589,300	2,601,000	2,546,500	2,355,800	2,313,600	2,339,300	2,309,100	2,404,900	2,442,000	2,506,200	1,972,700	1,818,500	1,795,800	1,815,300	1,761,300	1,745,100	1,724,700	1,712,700	1,687,000	1,675,100	1,668,800	1,645,000	1,655,300	1,623,500	1,599,800	1,663,600	1,668,500	1,761,900	1,796,200	1,824,900	1,904,400	1,725,300	1,751,000	1,801,800	1,060,300	1,030,200	1,046,600	1,040,600	1,021,900	1,008,800	1,014,800	1,008,300	987,800	1,029,800	1,030,000	732,000	732,000	725,800	750,800	714,000	702,200	718,000	720,600	721,000	698,600	690,400	768,200	-	344,000	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,170,200	4,054,000	4,015,800	3,825,900	3,916,300	3,691,900	3,479,700	3,301,900	3,790,700	3,756,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,309,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,828,000	5,768,000	7,551,000	7,441,000	7,224,000	6,775,000	6,889,000	7,050,000	6,948,000	6,646,000	6,649,000	6,367,000	6,457,000	4,757,000	4,611,000	4,724,000	4,706,000	4,457,000	4,394,000	4,274,000	4,225,500	4,066,400	3,960,300	3,910,700	3,716,800	3,825,700	3,612,000	3,403,400	3,218,300	3,709,900	3,681,700	3,693,200	3,553,700	3,717,000	3,686,700	3,504,000	3,616,200	3,730,600	3,828,800	3,683,500	3,560,600	3,367,300	3,195,100	3,106,100	3,082,600	3,044,800	2,873,700	2,658,000	2,387,900	2,405,500	2,430,900	2,306,400	2,258,600	2,255,900	2,016,100	2,204,200	2,185,300	2,137,200	2,057,600	1,961,000	2,006,000	2,227,000	2,554,900	2,479,400	2,321,100	2,194,800	2,024,900	1,951,900	1,875,400	1,877,300	1,844,200	1,734,000	1,644,200	1,625,500	1,564,400	1,577,200	1,534,200	1,448,800	1,381,600	1,339,400	1,260,400	1,179,400	1,118,700	1,025,400	981,400	984,900	936,200	851,000	1,104,200	1,136,800	1,112,100	1,104,600	1,087,100	1,082,100	1,095,600	1,079,100	1,057,500	1,020,700	983,100	953,800	777,300	729,300	715,600	716,900	693,700	687,600	678,100	640,400	628,800	636,300	619,900	600,000	603,200	582,900	586,300	554,000	534,900	512,300	498,700	476,500	459,100	464,100	368,500	-	728,200	-	-	-
Treasury Stock	0	0	0	0	0	-2,039,000	-1,936,000	-1,836,000	-1,812,000	-1,810,000	-1,810,000	-1,810,000	-1,834,000	-1,623,000	-1,623,000	-1,623,000	-1,657,000	-1,653,000	-1,653,000	-1,626,000	-1,584,800	-1,581,300	-1,544,100	-1,486,200	-1,445,400	-1,444,000	-1,430,100	-1,377,200	-1,381,600	-1,352,400	-1,300,900	-1,199,800	-1,158,400	-931,200	-861,600	-844,900	-832,200	-782,800	-722,100	-702,700	-727,200	-740,500	-674,900	-589,600	-569,200	-510,800	-811,600	-721,700	-707,100	-618,400	-618,400	-531,400	-349,500	-222,700	-178,600	-37,100	-57,900	-76,400	-81,800	-87,000	-87,400	-80,100	-64,100	-56,100	-46,500	-37,800	-16,300	-100	-100	-100	-100	-100	-100	-100	-100	-100	-100	-100	-100	-100	-1,500	-6,000	-32,700	-33,300	-35,900	-17,900	-20,000	-22,700	-27,600	-27,800	-29,700	-29,900	-33,300	-34,400	-31,800	-19,300	0	0	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	-	-	-	-	-	-

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
Begin Period Cash Flow	1,338,000	1,844,000	1,650,000	832,000	739,000	545,300	443,700	577,700	797,800	939,500	715,700	359,600	449,900	357,400	103,400	188,500	123,300	89,700	229,700	113,100	36,600	32,900	21,400	21,700	44,000	13,400	11,500	12,100	14,900	9,400	9,400	9,000
Capital Expenditures	832,000	723,000	668,000	501,000	481,000	546,600	560,000	500,600	577,300	563,000	417,800	407,400	393,700	276,600	172,000	369,700	293,900	268,300	246,700	204,900	172,000	166,100	140,900	167,100	998,900	187,600	177,500	91,900	92,500	98,800	65,500	47,700
Cash And Cash Equivalents Changes	0	-416,000	194,000	818,000	93,000	194,100	101,600	-134,000	-220,100	-141,700	223,800	356,100	-90,300	92,500	254,000	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	-372,000	-67,300	159,100	623,600	-137,200	-148,300	-190,400	-94,900	-56,300	4,500	-111,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	196,000	-506,000	194,000	818,000	93,000	194,100	101,600	-134,000	-220,100	-141,700	223,800	356,100	-90,300	92,500	254,000	-85,100	65,200	33,600	-140,000	116,600	76,500	3,700	11,500	-300	-22,300	30,600	1,900	-600	-2,800	5,500	-7,400	400
Change In Working Capital	-93,000	-264,000	-469,000	319,000	-187,000	-319,500	-144,800	-116,300	-181,500	-334,200	-272,500	-25,600	-200,100	-106,800	17,000	-94,300	48,000	-107,000	-67,500	-14,100	-78,500	-73,000	17,900	45,300	99,100	-65,300	-3,800	-1,900	-24,500	46,800	-15,200	-47,500
Change Receivables	0	0	0	0	19,000	-42,900	-167,900	-137,500	-81,800	-248,700	-91,700	43,800	-150,600	-239,000	-106,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-485,000	-564,000	-59,000	27,000	19,000	-146,300	-167,900	-137,500	-81,800	-248,700	-91,700	43,800	-150,600	0	0	163,900	0	0	0	0	0	0	0	18,700	0	0	0	0	0	0	0	0
Change To Inventory	-72,000	-215,000	-268,000	-28,000	-36,000	-53,300	-84,500	-36,500	-52,900	-39,700	-14,800	-5,300	-38,600	-79,000	143,000	-26,300	-34,700	-32,700	-30,100	-12,700	-9,100	-29,300	10,100	-14,700	-19,000	-9,100	-8,900	-8,700	-6,500	-12,300	-3,800	1,500
Change To Liabilities	0	438,000	-134,000	186,000	-131,000	-160,800	190,000	120,700	57,700	100,400	3,100	17,800	37,600	206,700	92,000	0	94,200	0	137,600	113,100	0	0	23,000	7,000	0	0	0	0	0	0	0	0
Change To Netincome	0	168,000	466,000	156,000	292,000	34,900	192,500	-86,200	115,500	120,200	62,200	101,000	42,200	645,700	334,000	0	0	500	0	36,000	0	14,100	0	19,500	0	0	0	0	0	0	0	0
Change To Operating Activities	0	14,000	-16,000	99,000	-39,000	-63,000	-82,000	-63,000	-104,500	-146,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	582,000	721,000	772,000	568,000	439,000	431,300	407,800	391,400	320,200	330,400	299,400	288,600	283,000	271,200	260,900	286,800	264,600	256,600	255,500	177,000	161,300	137,400	104,200	145,500	123,400	91,600	87,100	84,800	77,600	70,500	67,600	74,000
Dividends Paid	-130,000	161,000	162,000	146,000	140,000	141,500	124,100	113,400	116,700	116,100	56,800	21,900	13,900	10,900	22,600	51,100	39,400	51,800	40,000	27,900	19,400	16,000	15,800	15,900	15,500	14,100	14,300	14,100	13,900	13,300	0	0
End Period Cash Flow	1,534,000	1,338,000	1,844,000	1,650,000	832,000	739,400	545,300	443,700	577,700	797,800	939,500	715,700	359,600	449,900	357,400	103,400	188,500	123,300	89,700	229,700	113,100	36,600	32,900	21,400	21,700	44,000	13,400	11,500	12,100	14,900	9,400	9,400
Exchange Rate Changes	0	0	-3,000	63,000	-6,000	-34,500	36,100	-31,700	-65,500	-76,700	25,200	11,200	-14,300	-3,700	13,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	565,000	846,000	638,000	723,000	527,000	579,900	620,300	535,100	290,600	238,800	301,000	471,300	314,500	262,300	179,000	31,100	309,600	173,800	149,800	221,700	134,900	95,300	54,900	135,200	-654,400	-55,000	-10,100	86,000	19,700	58,900	8,600	-10,600
Investments	-1,349,000	-433,000	-9,000	8,000	-31,000	-3,900	-11,100	-404,200	13,100	-2,600	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
Net Borrowings	0	-8,000	568,000	845,000	-141,000	-41,200	-107,000	-309,200	1,222,700	82,100	168,100	110,300	123,100	226,300	102,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	702,000	1,026,000	639,000	567,000	797,000	984,600	483,300	160,200	646,400	687,500	651,000	522,400	592,100	396,200	36,400	-35,600	288,500	211,600	239,600	218,300	174,900	-119,100	66,400	94,000	132,300	94,700	103,200	41,800	74,200	64,400	32,800	-12,100
Other Cashflows From Financing Activities	244,000	-153,000	1,155,000	-43,000	-24,000	-35,500	-31,700	-21,000	-23,300	-44,700	-54,200	-55,000	407,600	30,000	346,600	202,500	-17,500	-35,200	144,700	-55,900	-21,300	-105,800	-46,800	-179,900	461,500	49,600	26,900	185,000	24,000	-55,400	-91,700	8,700
Other Cashflows From Investing Activities	0	-262,000	-720,000	-433,000	23,000	36,000	-181,200	96,400	-1,194,900	-102,100	33,000	62,200	-170,800	-152,900	17,200	11,200	17,300	3,600	17,900	0	0	8,400	20,900	105,100	0	0	0	0	0	0	0	0
Other Non Cash Items	192,000	76,000	482,000	-394,000	-285,000	47,000	66,000	825,700	29,300	43,700	27,200	47,300	12,500	7,700	72,400	293,900	16,300	92,100	1,300	31,600	9,200	285,700	4,200	26,000	7,800	6,300	-31,400	53,200	-15,100	-24,000	-11,100	22,700
Sale Purchase Of Stock	-177,000	-240,000	-33,000	-216,000	-100,000	-150,000	-100,000	-288,000	-349,800	-139,900	-225,500	-295,900	-387,000	-325,700	-8,600	-55,900	-47,000	0	0	0	-2,500	-18,100	-700	-22,100	0	-13,000	-10,200	0	0	0	-600	0
Stock Based Compensation	58,000	75,000	62,000	41,000	42,000	52,900	52,700	43,600	40,200	32,100	36,600	56,700	21,800	22,800	22,000	28,300	16,000	35,200	0	0	0	0	0	0	-14,100	-11,400	-11,800	0	0	0	0	0
Total Cash From Financing Activities	-521,000	-567,000	286,000	437,000	-420,000	-383,400	-362,500	-733,800	736,600	-201,700	-135,400	-188,600	-219,700	-13,200	44,800	5,100	-159,300	-59,900	122,300	-69,400	-3,900	-130,100	-60,500	-216,800	446,700	23,200	4,500	173,500	15,100	-64,800	-7,400	8,700
Total Cash From Operating Activities	1,397,000	1,569,000	1,306,000	1,224,000	1,008,000	1,126,500	1,180,300	1,035,700	867,900	801,800	718,800	878,700	708,200	538,900	351,000	400,800	603,500	442,100	396,500	426,600	306,900	261,400	195,800	302,300	344,500	132,600	167,400	177,900	112,200	157,700	74,100	37,100
Total Cashflows From Investing Activities	0	-1,418,000	-1,395,000	-866,000	-489,000	-514,500	-752,300	-404,200	-1,759,100	-665,100	-384,800	-345,200	-564,500	-429,500	-154,800	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
Begin Period Cash Flow	949,000	848,000	950,000	1,338,000	1,241,000	1,390,000	1,504,000	1,844,000	1,510,000	1,568,000	1,755,000	1,650,000	2,121,000	2,003,000	901,000	832,000	916,000	710,000	517,000	739,000	361,800	361,900	409,700	545,300	414,300	387,100	358,400	443,700	518,700	495,000	392,300	577,700	1,033,300	1,107,900	1,035,500	797,800	782,800	771,400	808,100	939,500	920,400	817,000	695,400	715,700	621,500	481,900	396,900	359,600	377,000	372,400	222,900	449,900	432,200	187,500	374,100	357,400	258,800	256,900	90,800	103,400	135,800	225,900	203,400	188,500	137,400	118,500	118,100	123,300	67,000	67,200	56,800	89,700	139,500	146,600	163,200	229,700	189,000	144,000	78,700	113,100	106,800	73,400	25,900	36,600	46,300	30,200	22,000	33,000	38,600	23,600	15,500	21,400	28,100	21,300	13,400	21,700	25,200	37,200	47,300	44,000	0	3,600	30,300	13,400	0	16,200	13,200	11,500	5,300	400	0	12,100	0	31,400	15,900	14,900	0	0	5,900	9,400	8,300	0
Capital Expenditures	208,000	104,000	242,000	278,000	212,000	180,000	154,000	177,000	172,000	152,000	147,000	197,000	221,000	109,000	54,000	117,000	135,000	102,000	127,000	117,000	152,300	125,600	108,300	160,400	170,300	135,500	123,300	130,900	145,800	120,100	130,400	104,300	158,500	133,800	145,000	140,000	165,100	140,600	131,100	126,200	119,900	103,100	107,400	87,400	124,400	94,600	93,400	95,000	119,600	114,200	89,700	70,200	88,800	80,400	52,100	55,300	44,800	38,900	49,700	38,600	104,100	103,400	86,800	75,400	99,300	72,100	64,200	58,300	76,400	46,400	92,400	53,100	96,500	51,000	49,900	49,300	78,200	42,500	43,700	40,500	67,900	39,300	39,500	25,300	84,700	26,100	29,300	26,000	47,700	42,600	33,400	17,200	55,600	32,900	50,300	28,300	363,100	34,900	30,500	570,400	108,800	23,100	26,200	29,500	89,000	29,000	36,100	23,400	34,100	25,800	20,400	35,400	35,400	13,400	55,400	15,100	37,000	20,700	20,700	20,400	21,600	17,400
Cash And Cash Equivalents Changes	0	0	-77,000	-384,000	84,000	-96,000	-71,000	-333,000	318,000	-56,000	-174,000	106,000	-452,000	91,000	1,110,000	69,000	-84,000	206,000	193,000	-222,000	377,600	-100	-47,800	-135,600	131,000	27,200	28,700	-85,300	-75,000	23,700	102,700	-185,400	-455,600	-74,600	72,400	237,700	15,000	11,400	-36,700	-131,400	19,100	103,400	121,600	-20,300	94,200	139,600	85,000	37,300	-17,400	4,600	149,500	-227,000	17,700	244,700	-186,600	16,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	9,000	-3,000	-8,000	-349,000	-5,000	-25,000	7,000	28,900	-22,900	-52,800	-20,500	259,900	-45,200	-39,000	-16,600	641,100	22,700	-16,500	-23,700	-36,500	-21,900	-25,300	-53,500	-27,000	-23,700	-55,000	-42,600	-109,500	-43,700	-20,500	-16,700	-55,400	-42,700	17,600	-14,400	-14,400	-13,000	-11,700	-17,200	13,200	16,200	-13,700	-11,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	585,000	101,000	-102,000	-388,000	97,000	-149,000	-114,000	-340,000	334,000	-58,000	-187,000	105,000	-471,000	118,000	1,102,000	69,000	-84,000	206,000	193,000	-222,000	377,600	-100	-47,800	-135,600	131,000	27,200	28,700	-85,300	-75,000	23,700	102,700	-185,400	-455,600	-74,600	72,400	237,700	15,000	11,400	-36,700	-131,400	19,100	103,400	121,600	-20,300	94,200	139,600	85,000	37,300	-17,400	4,600	149,500	-227,000	17,700	244,700	-186,600	16,700	98,600	1,900	166,100	-12,600	-32,400	-90,100	22,500	14,900	51,100	18,900	400	-5,200	56,300	-200	10,400	-32,900	-49,800	-7,100	-16,600	-66,500	40,700	45,000	65,300	-34,400	6,300	33,400	47,500	-10,700	-9,700	16,100	8,200	-11,000	-5,700	15,000	8,100	-5,900	-6,700	6,800	7,900	-8,300	-3,500	-12,000	-79,300	3,300	32,300	-2,200	3,600	16,900	-6,000	-10,000	16,200	1,700	-98,900	5,300	400	-26,600	-26,600	-9,900	31,400	1,000	-3,100	-100	-8,200	-3,500	-25,900	8,300
Change In Working Capital	489,000	-581,000	-139,000	-453,000	393,000	-158,000	-197,000	-302,000	222,000	-291,000	-238,000	-162,000	182,000	133,000	2,000	2,000	-4,000	19,000	77,000	-279,000	201,100	-95,100	-95,400	-330,100	203,400	-76,900	-10,500	-260,800	147,700	-54,900	42,000	-251,100	153,200	-118,400	24,600	-240,900	9,500	-66,100	-28,000	-249,600	-71,100	-35,700	24,100	-189,800	126,100	27,300	21,000	-200,000	-34,100	7,300	44,400	-217,700	51,400	-64,200	-18,600	-75,400	100	-13,700	56,900	-26,300	78,700	-90,400	17,700	-100,300	82,900	16,900	-7,700	-44,100	10,300	-76,000	35,800	-77,100	18,500	-46,100	32,800	-72,700	-22,200	12,100	36,300	-40,300	-50,000	-12,400	39,000	-55,100	-25,500	-24,200	12,700	-36,000	17,500	10,600	42,600	-52,800	104,400	-26,200	19,300	-52,200	38,200	2,300	-500	59,100	25,900	-40,000	-25,800	-25,400	2,400	-5,300	400	-1,300	4,300	-36,400	46,700	33,200	33,200	-10,600	-15,200	-31,900	46,500	1,600	-4,800	3,500	17,900	-14,300
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	-387,000	210,000	152,000	95,000	14,000	5,000	-95,000	67,900	47,800	28,500	-187,100	64,100	-58,000	41,400	-215,400	38,700	-53,100	32,700	-155,800	87,700	5,300	27,300	-202,100	-23,000	40,100	-19,300	-246,500	103,600	25,400	-23,500	-197,200	125,300	80,700	5,400	-167,600	41,700	-36,000	23,200	-179,500	31,700	-39,700	-102,400	-128,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	285,000	-219,000	224,000	224,000	-564,000	-373,000	-71,000	-282,000	45,000	158,000	132,000	-290,000	25,000	-25,000	210,000	152,000	19,000	14,000	5,000	-95,000	-42,900	38,500	-48,300	-187,100	-167,900	-51,600	33,000	-215,400	-137,500	-79,700	55,400	-155,800	-81,800	6,000	47,800	-219,700	-248,700	33,000	-40,200	-246,500	-91,700	14,000	-38,100	-197,200	43,800	0	0	-167,600	-150,600	0	0	-179,500	0	0	0	-128,600	0	0	0	-37,600	163,900	0	0	-111,200	0	0	0	-45,300	0	0	0	-67,300	0	0	0	-60,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	18,700	0	0	0	0	0	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	54,000	36,000	-62,000	-100,000	43,000	-64,000	-70,000	-124,000	114,000	-122,000	-156,000	-104,000	-31,000	43,000	18,000	-58,000	20,000	-16,000	-9,000	-31,000	27,100	-18,800	-34,100	-27,500	-13,700	-39,600	-25,700	-5,500	9,000	-31,400	3,800	-17,900	-8,200	-3,600	-10,500	-30,600	11,100	-32,800	-10,100	-7,900	-1,800	-4,100	9,700	-18,600	33,200	-11,200	-7,400	-19,900	8,900	-16,500	2,600	-33,600	6,900	-34,700	-3,300	-47,900	-2,900	10,800	51,700	83,400	45,000	-41,400	-24,600	-5,300	9,100	-13,400	4,900	-35,300	-2,000	-20,800	-5,600	-4,300	1,300	2,100	-35,900	2,400	7,300	-3,900	-1,900	-14,200	2,900	-5,100	1,100	-8,000	-4,400	-16,600	-7,300	-1,000	2,100	-2,500	4,400	6,100	12,600	-6,000	-4,500	-16,800	9,000	-4,600	-9,200	-14,200	13,100	-6,000	-15,500	-700	14,000	-11,600	-2,300	-9,000	-1,100	-3,700	7,300	1,700	1,700	-3,100	2,700	-7,800	300	-14,100	2,200	-700	4,200	-9,200
Change To Liabilities	0	0	0	0	150,000	-50,000	-59,000	109,000	231,000	-41,000	-131,000	172,000	-153,000	458,000	-219,000	-88,000	-128,000	39,000	90,000	-132,000	94,000	-95,900	-52,900	-106,000	158,300	52,600	11,900	-32,800	167,800	8,900	13,400	-69,400	97,100	-88,300	24,200	24,700	56,600	-39,200	44,600	38,400	-56,500	-15,500	48,000	27,100	-5,800	-10,600	39,700	-5,500	-56,300	71,300	22,300	300	-400	-6,000	100,800	112,300	98,900	24,500	0	0	0	9,600	86,700	22,200	94,200	91,100	68,900	49,900	0	0	26,100	0	137,600	108,900	108,900	19,500	113,100	82,800	92,600	91,200	0	0	6,700	9,900	0	43,700	35,500	16,400	23,000	7,400	0	0	7,000	0	19,100	17,500	0	0	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	0	0	0	64,000	-603,000	12,000	38,000	-462,000	-549,000	76,000	244,000	-34,000	-163,000	307,000	16,000	194,000	8,000	77,000	13,000	-800	17,500	-11,600	29,800	114,000	15,400	29,400	33,700	-232,700	94,900	20,000	33,600	38,300	13,900	32,600	29,400	7,100	20,800	34,600	57,700	41,900	8,200	13,900	-1,800	34,900	40,600	26,600	-1,100	49,900	-4,300	10,000	-13,400	174,800	168,600	162,800	139,500	0	0	0	3,800	0	1,700	0	0	0	0	0	0	500	0	0	3,000	0	0	4,300	0	36,000	12,900	17,000	34,100	0	24,300	16,100	7,300	14,100	24,100	19,000	14,100	0	19,600	20,800	25,200	19,500	0	3,100	20,600	0	0	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	-9,000	-9,000	-25,000	-8,000	4,000	4,000	54,000	53,000	-95,000	42,000	-8,000	19,000	-7,000	-4,000	9,000	-18,000	-9,000	-21,000	12,100	-28,200	-36,900	-9,500	-82,400	-31,900	-38,100	-7,100	-63,000	20,700	-7,900	0	-104,500	0	0	0	-146,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	155,000	376,000	186,000	183,000	178,000	178,000	185,000	180,000	187,000	195,000	195,000	195,000	229,000	115,000	112,000	112,000	115,000	110,000	107,000	107,000	105,500	107,500	109,100	109,200	105,800	104,900	99,800	97,300	100,200	97,800	99,000	94,400	83,900	78,300	80,900	77,100	83,400	81,800	85,100	80,100	76,900	71,600	76,000	74,900	77,300	69,800	70,300	71,200	72,900	70,000	72,300	67,800	60,700	77,700	64,500	63,600	68,900	66,000	62,900	63,100	63,400	70,200	81,000	72,200	74,700	63,800	61,800	64,300	72,900	59,600	63,000	61,100	62,700	62,200	67,100	63,500	46,700	43,100	43,700	43,500	45,200	40,200	38,400	37,500	35,400	34,100	40,900	27,000	-5,600	36,100	36,100	37,600	35,800	35,900	36,600	37,200	36,400	30,300	30,500	26,200	21,400	23,200	23,500	23,500	23,200	21,200	21,800	20,900	21,700	21,800	20,300	19,300	19,300	18,300	20,400	19,600	16,700	18,200	18,000	17,600	15,700	18,100
Dividends Paid	-25,000	26,000	40,000	39,000	40,000	39,000	41,000	41,000	40,000	41,000	41,000	40,000	41,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,200	35,200	35,500	35,600	35,600	29,400	29,400	29,700	29,600	27,600	28,000	28,200	28,800	29,200	29,300	29,400	29,300	30,000	28,400	28,400	28,300	28,500	0	9,000	21,900	6,100	2,400	12,000	13,900	900	9,200	0	8,200	400	2,800	5,000	100	400	3,700	18,400	100	25,400	4,800	21,000	9,800	5,600	25,400	9,800	8,100	9,200	16,300	18,200	16,300	7,900	7,900	7,900	7,000	7,000	7,000	6,900	4,900	4,900	4,800	4,800	4,100	3,900	4,000	4,000	4,000	3,900	3,900	4,000	3,900	4,000	4,000	4,000	4,000	4,000	4,000	3,500	3,500	3,500	3,600	3,500	3,600	3,600	3,600	3,500	3,500	3,500	3,500	3,400	3,400	3,600	3,400	3,500	3,500	3,500	3,400	2,900	0	0
End Period Cash Flow	1,534,000	949,000	848,000	950,000	1,338,000	1,241,000	1,390,000	1,504,000	1,844,000	1,510,000	1,568,000	1,755,000	1,650,000	2,121,000	2,003,000	901,000	832,000	916,000	710,000	517,000	739,400	361,800	361,900	409,700	545,300	414,300	387,100	358,400	443,700	518,700	495,000	392,300	577,700	1,033,300	1,107,900	1,035,500	797,800	782,800	771,400	808,100	939,500	920,400	817,000	695,400	715,700	621,500	481,900	396,900	359,600	377,000	372,400	222,900	449,900	432,200	187,500	374,100	357,400	258,800	256,900	90,800	103,400	135,800	225,900	203,400	188,500	137,400	118,500	118,100	123,300	67,000	67,200	56,800	89,700	139,500	146,600	163,200	229,700	189,000	144,000	78,700	113,100	106,800	73,400	25,900	36,600	46,300	30,200	22,000	32,900	38,600	23,600	15,500	21,400	28,100	21,300	13,400	21,700	25,200	-79,300	47,300	32,300	-2,200	3,600	30,300	-6,000	-10,000	16,200	13,200	-98,900	5,300	400	-26,600	12,100	-9,900	31,400	15,900	-3,100	-100	-8,200	5,900	-25,900	8,300
Exchange Rate Changes	0	0	0	0	0	0	0	0	-3,000	0	0	0	75,000	0	0	-12,000	13,000	-18,000	4,000	-5,000	-11,100	-17,100	-400	-5,900	12,500	9,900	10,800	2,900	-32,100	5,500	-13,300	8,200	-19,300	-10,000	23,800	-60,000	-24,400	-48,800	-800	-2,700	1,000	41,600	5,300	-22,700	18,500	6,500	-15,400	1,600	-5,600	-21,100	8,800	3,600	-1,400	30,400	-12,100	-20,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	679,000	138,000	38,000	-290,000	678,000	167,000	62,000	-61,000	370,000	-10,000	133,000	145,000	195,000	372,000	10,000	146,000	49,000	255,000	300,000	-77,000	417,900	125,500	162,200	-125,700	386,100	89,200	215,600	-70,600	296,800	110,800	197,400	-69,900	239,200	17,100	141,600	-107,300	90,500	79,400	148,700	-79,800	84,100	111,700	176,300	-71,100	211,700	137,900	185,900	-64,200	115,500	109,300	201,300	-111,600	137,400	24,000	92,100	8,800	79,900	13,600	56,100	29,400	31,600	-105,400	105,800	-900	138,100	70,600	76,600	24,300	95,000	-8,900	92,700	-5,000	47,400	18,500	90,800	-6,900	27,700	56,700	111,100	26,200	18,600	25,800	86,600	3,900	9,600	19,700	67,000	-1,000	-11,400	18,300	63,300	-15,300	88,900	10,300	41,000	-5,000	-251,000	14,500	52,800	-470,700	-10,300	-16,200	-9,200	-19,300	-35,800	1,200	7,400	17,100	70,200	-49,900	60,200	42,700	42,700	7,000	-30,900	-25,900	32,200	7,400	7,800	11,500	23,000	-10,400
Investments	-55,000	-16,000	-1,000	13,000	-500,000	9,000	16,000	42,000	-30,000	10,000	-7,000	11,000	-4,000	6,000	5,000	1,000	21,000	-4,000	-47,000	-1,000	300	-1,200	-2,400	-600	-9,100	-600	-2,000	-1,500	-2,600	-1,500	-1,500	0	13,100	0	0	0	-2,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Borrowings	0	0	0	-1,000	-1,000	-3,000	-2,000	-2,000	11,000	15,000	549,000	2,000	-5,000	-248,000	1,099,000	-1,000	-132,000	-132,000	6,000	-15,000	-16,700	-30,400	-113,600	119,500	-215,000	154,900	-114,900	68,000	-357,700	-7,400	44,900	11,000	748,600	12,700	-36,000	497,400	27,100	72,900	-129,100	111,200	-41,300	43,100	31,900	134,400	-34,700	-49,400	114,600	79,800	-67,900	-60,200	6,100	245,100	-15,300	185,000	45,200	11,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	170,000	50,000	222,000	230,000	279,000	292,000	231,000	224,000	154,000	117,000	274,000	94,000	385,000	129,000	-84,000	137,000	237,000	207,000	182,000	171,000	247,600	215,900	284,300	236,800	-132,000	194,600	221,100	199,600	-281,500	93,100	175,400	173,200	135,400	165,900	157,400	187,700	147,400	173,000	199,900	167,200	149,400	172,900	180,100	148,600	126,600	105,900	126,200	163,700	148,700	146,700	162,000	124,500	115,600	111,500	87,700	81,400	56,600	20,000	-33,200	-7,000	-81,400	-130,400	87,500	88,700	71,200	83,200	75,700	58,400	40,900	39,200	70,200	61,300	64,600	61,400	36,000	77,600	67,700	44,800	54,700	51,100	50,000	35,900	44,800	44,200	40,800	31,900	46,200	-238,000	2,200	18,400	24,700	21,100	7,700	5,200	40,100	41,000	36,500	27,400	36,300	32,100	31,800	17,300	19,600	26,000	27,200	21,600	29,600	24,800	-11,100	18,800	21,800	22,400	22,400	13,200	21,000	17,600	19,900	12,000	18,800	13,700	14,500	6,400
Other Cashflows From Financing Activities	-45,000	393,000	-73,000	-49,000	-270,000	-3,000	-8,000	-112,000	-15,000	11,000	1,152,000	15,000	-11,000	20,000	1,117,000	-13,000	-5,000	20,000	-2,000	-22,000	-8,000	-2,600	-7,100	-17,800	-5,700	58,100	-2,300	-21,800	-4,200	6,700	-3,000	-20,500	422,000	2,000	-2,300	-29,000	-800	-1,700	-6,000	184,500	-14,300	18,100	88,900	-36,200	-16,700	9,300	119,300	209,200	40,700	-20,800	165,900	298,900	13,900	-25,400	-92,300	29,000	113,700	58,700	218,300	120,700	22,000	99,800	-100,300	73,900	36,700	-49,200	-43,400	-38,100	-51,100	71,900	-90,500	34,500	-94,400	-17,300	-84,300	340,700	5,100	-2,200	-24,000	-34,800	-11,300	300	-10,600	300	-37,100	-4,400	-43,400	-39,000	7,800	-3,400	-58,900	7,000	-99,400	-800	-4,500	-75,200	88,400	-28,700	-75,300	477,100	35,200	-23,700	16,700	21,400	34,400	-9,200	3,800	-12,300	-95,700	54,500	225,000	-24,300	-24,300	-9,600	35,000	22,900	-37,700	-9,000	-5,100	-3,600	-25,800	8,300
Other Cashflows From Investing Activities	0	0	3,000	-17,000	-20,000	-127,000	4,000	-119,000	45,000	3,000	-755,000	-1,000	-434,000	-17,000	22,000	-4,000	9,000	22,000	1,000	13,000	36,000	2,100	2,100	100	-600	-179,100	1,000	-1,500	84,000	6,600	4,700	1,100	-1,185,700	900	1,700	-11,800	1,100	1,200	500	-104,900	10,200	7,100	1,900	13,800	1,500	56,600	1,500	2,600	23,900	1,400	1,500	-197,600	1,400	1,500	-162,800	7,000	24,700	20,500	13,700	5,200	11,200	9,700	2,000	300	17,300	7,200	2,300	2,100	3,600	5,800	0	0	17,900	0	0	43,600	0	0	0	0	0	0	0	0	8,400	14,800	13,200	27,500	20,900	15,300	12,800	4,000	105,100	83,500	81,100	81,900	0	0	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	128,000	-20,000	46,000	56,000	52,000	15,000	-1,000	10,000	38,000	108,000	69,000	267,000	-459,000	11,000	47,000	7,000	-334,000	15,000	21,000	13,000	33,900	9,200	8,000	-4,100	86,200	-9,800	-900	-9,500	729,500	110,700	1,100	-15,600	29,000	10,700	2,100	-12,500	9,800	15,800	-7,200	25,300	55,400	-2,200	-10,400	-15,600	700	14,400	35,200	-3,000	19,200	3,800	2,300	-2,600	3,600	-1,400	16,800	-6,600	6,600	-18,400	14,600	45,100	116,700	170,100	1,600	4,400	3,600	3,600	4,900	6,800	83,000	3,200	20,900	2,500	4,800	-5,300	4,800	-3,000	13,700	-800	20,100	12,400	41,300	1,400	3,900	2,600	43,600	4,000	-3,500	272,000	22,200	-4,200	-6,700	-4,000	-3,400	28,300	-4,700	-2,700	7,700	-11,700	16,200	-15,800	6,800	8,900	-300	-13,900	400	-7,300	-8,300	-3,900	89,400	-28,300	-8,200	3,200	3,200	-500	-1,700	-16,100	-13,900	-3,700	-3,500	-2,900	-3,500	-3,200
Sale Purchase Of Stock	-177,000	0	-15,000	0	240,000	-100,000	-100,000	-40,000	0	0	-33,000	0	-216,000	0	0	0	100,000	4,000	-33,000	-67,000	150,000	-39,500	-55,300	-55,200	100,000	-15,300	-53,700	-31,000	-38,000	-66,200	-104,300	-79,500	-219,500	-67,400	-29,200	-33,700	-49,900	-65,000	-25,000	9,400	225,500	-75,000	-100,600	-49,900	-88,200	-7,400	-200,300	47,000	-88,800	-23,900	-86,900	-181,900	-128,400	-42,500	-146,200	15,100	0	0	0	0	-7,500	-20,700	-14,200	-13,500	-9,200	-21,500	0	0	0	0	0	54,300	0	0	0	0	0	0	0	0	2,500	0	-2,300	-200	0	0	0	0	0	0	0	0	0	-3,500	-12,500	-6,100	0	0	0	0	0	-2,100	-9,700	-1,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-100	0
Stock Based Compensation	8,000	16,000	22,000	-25,000	32,000	15,000	16,000	12,000	20,000	15,000	15,000	12,000	12,000	13,000	6,000	10,000	12,000	13,000	9,000	8,000	15,300	15,700	7,200	14,700	17,200	11,200	11,200	13,100	16,300	7,000	10,700	9,600	9,700	9,900	9,700	10,900	8,000	8,300	8,000	7,800	7,300	6,900	7,200	15,200	15,700	9,900	10,100	21,000	5,400	5,200	6,400	4,800	7,200	5,000	5,700	4,900	4,100	5,400	7,300	5,200	11,400	-11,200	23,700	5,500	7,900	-3,700	5,000	4,200	9,100	5,700	0	2,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-2,700	-2,200	-3,500	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	-243,000	-71,000	-117,000	-90,000	-74,000	-145,000	-153,000	-195,000	-64,000	-59,000	460,000	-51,000	-274,000	-288,000	1,061,000	-62,000	-172,000	-30,000	-65,000	-153,000	-60,000	-107,700	-212,200	-3,500	-256,300	108,100	-198,500	-15,800	-423,700	-99,200	-86,100	-124,800	497,100	-82,600	-94,700	416,800	-52,200	-20,400	-185,100	56,000	-76,200	-57,000	-61,900	59,700	-137,500	-61,400	-87,000	97,300	-151,200	-85,000	-62,100	78,600	-119,700	188,800	-103,800	21,500	-2,900	-24,100	106,200	-34,400	15,100	62,800	-114,900	42,100	10,400	-70,500	-64,400	-34,800	-43,300	66,600	-101,900	18,700	-108,400	-13,200	-90,800	334,700	2,700	-2,600	-30,000	-39,500	-5,000	22,700	-17,100	-4,500	-41,000	-6,300	-44,800	-38,000	2,700	-5,800	-62,700	5,300	-102,600	-8,100	-20,900	-85,200	84,500	-32,200	-79,300	473,700	32,000	-29,300	3,600	16,900	30,800	-11,700	800	-15,400	-98,900	51,800	222,300	-26,600	-26,600	-9,900	31,400	20,200	-40,900	-12,200	-8,200	-3,500	-25,900	8,300
Total Cash From Operating Activities	887,000	242,000	280,000	-12,000	890,000	347,000	216,000	116,000	542,000	142,000	280,000	342,000	416,000	481,000	64,000	263,000	184,000	357,000	427,000	40,000	570,200	251,100	270,500	34,700	556,400	224,700	338,900	60,300	442,600	230,900	327,800	34,400	397,700	150,900	286,600	32,700	255,600	220,000	279,800	46,400	204,000	214,800	283,700	16,300	336,100	232,500	279,300	30,800	235,100	223,500	291,000	-41,400	226,200	104,400	144,200	64,100	124,700	52,500	105,800	68,000	135,700	-2,000	192,600	74,500	237,400	142,700	140,800	82,600	171,400	37,500	185,100	48,100	143,900	69,500	140,700	42,400	105,900	99,200	154,800	66,700	86,500	65,100	126,100	29,200	94,300	45,800	96,300	25,000	36,300	60,900	96,700	1,900	144,500	43,200	91,300	23,300	112,100	49,400	83,300	99,700	98,500	6,900	17,000	10,200	53,200	30,200	43,500	40,500	104,300	-24,100	80,600	78,100	78,100	20,400	24,500	-10,800	69,200	28,100	28,500	31,900	44,600	7,000
Total Cashflows From Investing Activities	0	-624,000	-240,000	-282,000	-732,000	-298,000	-134,000	-254,000	-157,000	-139,000	-914,000	-185,000	-617,000	-102,000	-27,000	-120,000	-109,000	-103,000	-173,000	-104,000	-121,500	-126,400	-105,700	-160,900	-181,600	-315,500	-122,500	-132,700	-61,800	-113,500	-125,700	-103,200	-1,331,100	-132,900	-143,300	-151,800	-164,000	-139,400	-130,600	-231,100	-109,700	-96,000	-105,500	-73,600	-122,900	-38,000	-91,900	-92,400	-95,700	-112,800	-88,200	-267,800	-87,400	-78,900	-214,900	-48,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,400	0	0	0	0	0	0	2,500	53,600	0	0	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
Cost Of Revenue	11,630,000	12,700,000	11,983,000	8,255,000	8,067,000	8,300,200	7,679,200	7,137,900	6,320,100	6,548,700	5,879,100	5,716,300	5,704,300	4,559,500	3,401,000	4,425,400	4,378,700	3,735,500	3,440,000	2,874,200	2,482,500	2,176,500	1,802,000	2,003,100	1,888,500	1,450,700	1,375,400	1,205,500	1,044,900	948,400	769,300	755,200
Depreciation And Amortization	582,000	721,000	772,000	568,000	456,000	431,300	407,800	391,400	320,200	330,400	299,400	288,600	283,000	271,200	260,900	286,800	264,600	256,600	255,500	177,000	161,300	137,400	104,200	145,500	123,400	91,600	87,100	84,800	77,600	70,500	67,600	74,000
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
Ebit	1,160,000	781,000	635,000	87,000	1,303,000	1,254,600	1,134,100	275,100	987,200	1,016,500	903,500	867,500	840,500	546,700	125,400	430,200	424,700	440,700	357,900	312,100	269,800	251,100	239,500	292,300	229,300	149,100	159,300	175,500	90,200	101,800	54,400	20,300
Ebitda	1,160,000	1,502,000	1,407,000	655,000	1,759,000	1,685,900	1,541,900	666,500	1,307,400	1,346,900	1,202,900	1,156,100	1,123,500	817,900	386,300	717,000	689,300	697,300	613,400	489,100	431,100	388,500	343,700	437,800	352,700	240,700	246,400	260,300	167,800	172,300	122,000	94,300
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
Extraordinary Items	0	0	0	0	-22,000	12,600	-273,500	0	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	2,568,000	3,101,000	2,855,000	1,910,000	2,101,000	2,229,400	2,120,100	1,933,100	1,703,100	1,756,400	1,557,500	1,466,900	1,410,400	1,093,300	560,800	838,500	949,900	849,900	853,800	651,100	586,700	554,600	549,600	642,800	570,100	386,100	391,600	334,600	284,200	275,000	216,100	170,800
Income Before Tax	914,000	1,318,000	789,000	964,000	1,265,000	1,195,900	1,063,600	190,500	926,800	980,100	869,300	761,000	765,900	477,900	17,900	14,000	430,400	270,300	314,200	308,600	256,700	233,800	106,100	148,800	207,000	140,700	157,900	54,700	111,200	107,700	57,100	-9,400
Income Tax Expense	289,000	292,000	150,000	397,000	468,000	211,300	580,300	30,300	280,400	292,600	218,300	238,600	195,300	81,700	-18,500	33,300	113,900	32,400	55,100	81,200	73,200	77,200	39,700	54,800	74,700	46,000	54,700	12,900	37,000	43,300	24,300	2,700
Interest Expense	10,000	52,000	93,000	73,000	55,000	58,700	70,500	84,600	60,400	36,400	34,200	39,400	74,600	68,800	57,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	35,000	26,000	407,000	12,000	12,000	6,400	5,800	6,300	12,900	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	-73,000	82,000	102,000	67,000	51,000	53,900	43,400	41,700	36,700	31,700	26,700	21,500	20,500	18,800	9,400	16,300	28,000	26,300	19,500	9,100	8,600	6,700	3,800	2,700	0	0	0	0	0	0	0	0
Net Income	625,000	944,000	537,000	500,000	746,000	930,700	439,900	118,500	609,700	655,800	624,300	500,900	550,100	377,400	27,000	-35,600	288,500	211,600	239,600	218,300	174,900	-119,100	66,400	94,000	132,300	94,700	103,200	41,800	74,200	64,400	-98,000	-12,100
Net Income Applicable To Common Shares	0	944,000	537,000	500,000	746,000	930,700	439,900	118,500	609,700	655,800	624,300	500,900	550,100	377,400	27,000	0	288,500	211,600	239,600	218,300	174,900	149,900	66,400	94,000	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	1,036,000	1,026,000	639,000	567,000	797,000	984,600	483,300	160,200	646,400	687,500	651,000	522,400	570,600	396,200	36,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-14,000	-52,000	-93,000	-61,000	-43,000	-52,300	-64,700	-78,300	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	38,000	-314,000	412,000	44,000	55,300	57,000	49,200	47,500	52,800	48,300	47,500	43,000	2,800	2,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	59,000	163,000	0	0	0	0	0	0	0	0	0	0	22,400	-100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	1,160,000	781,000	635,000	87,000	1,303,000	1,189,900	1,077,100	225,900	939,700	963,700	855,200	752,900	797,500	504,300	50,800	14,400	424,800	274,600	323,100	309,100	269,900	252,000	140,700	253,200	243,400	159,400	172,500	127,100	108,800	112,400	65,000	27,200
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
Other Operating Expenses	12,946,000	14,368,000	13,524,000	9,547,000	8,865,000	9,339,700	8,722,200	8,845,100	7,083,500	7,341,400	6,581,400	6,363,200	6,317,200	5,148,500	3,860,700	5,122,000	4,903,800	4,225,100	3,970,700	3,216,200	2,799,300	2,479,100	2,182,500	2,392,700	2,215,200	1,677,400	1,594,500	1,413,000	1,220,300	1,111,000	920,400	898,800
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
Reconciled Depreciation	736,000	721,000	772,000	568,000	439,000	431,300	407,800	0	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	717,000	701,000	707,000	476,000	413,000	440,000	408,000	408,000	307,400	336,200	303,200	265,900	243,700	185,000	155,200	209,000	210,800	187,700	161,000	123,100	118,200	109,100	104,500	112,000	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	320,000	382,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	1,630,000	1,290,000	1,078,000	951,000	873,000	945,700	898,500	817,500	662,000	698,900	639,700	646,600	621,000	566,600	459,800	542,900	531,900	498,100	495,900	339,000	316,900	303,500	234,300	244,100	203,300	135,100	132,000	122,700	97,800	92,100	83,500	69,600
Tax Provision	345,000	292,000	150,000	397,000	468,000	211,300	580,300	30,300	261,500	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	1,316,000	1,668,000	1,541,000	1,292,000	798,000	1,039,500	1,043,000	1,707,200	763,400	792,700	702,300	646,900	612,900	589,000	459,700	696,600	525,100	489,600	530,700	342,000	316,800	302,600	380,500	389,600	326,700	226,700	219,100	207,500	175,400	162,600	151,100	143,600
Total Other Income Expense Net	-246,000	537,000	154,000	877,000	-38,000	58,300	51,200	42,900	40,000	47,300	43,500	-24,300	38,200	39,600	-28,500	-249,900	40,400	-44,500	-6,600	26,200	20,200	20,400	-11,400	-39,100	14,100	10,300	13,200	-48,400	18,600	10,600	10,600	6,900
Total Revenue	14,198,000	15,801,000	14,838,000	10,165,000	10,168,000	10,529,600	9,799,300	9,071,000	8,023,200	8,305,100	7,436,600	7,183,200	7,114,700	5,652,800	3,961,800	5,263,900	5,328,600	4,585,400	4,293,800	3,525,300	3,069,200	2,731,100	2,351,600	2,645,900	2,458,600	1,836,800	1,767,000	1,540,100	1,329,100	1,223,400	985,400	926,000

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	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
Cost Of Revenue	2,863,000	2,970,000	3,652,000	3,430,000	3,275,000	3,254,000	3,047,000	3,124,000	3,030,000	2,766,000	2,996,000	3,191,000	3,154,000	2,017,000	1,252,000	1,832,000	2,014,000	1,968,000	2,038,000	2,047,000	2,030,000	1,962,900	2,114,800	2,192,500	2,020,500	1,893,500	1,875,500	1,889,700	1,758,000	1,743,100	1,832,500	1,804,300	1,676,200	1,485,800	1,602,900	1,555,200	1,578,600	1,607,600	1,724,200	1,638,300	1,478,800	1,426,600	1,497,300	1,476,400	1,374,900	1,351,500	1,473,200	1,516,700	1,414,000	1,441,000	1,461,700	1,387,600	1,227,300	1,137,600	1,146,300	1,048,300	985,100	876,000	800,000	739,900	857,600	1,114,600	1,237,800	1,215,400	1,115,200	1,084,900	1,116,700	1,061,900	989,500	876,500	937,600	928,800	848,500	842,700	878,900	869,800	725,500	694,700	723,400	730,500	639,700	595,900	622,800	624,200	554,900	556,100	538,000	481,000	442,700	429,700	458,400	471,100	448,500	473,100	542,000	550,300	513,800	458,600	491,700	424,400	392,100	337,900	355,300	365,400	359,100	323,700	346,900	345,700	322,400	308,100	297,500	273,900	273,900	241,000	276,900	253,000	265,100	221,600	240,500	221,200	212,800	171,700	194,100	-	-	-	-	-
Depreciation And Amortization	155,000	169,000	23,000	9,000	178,000	224,000	242,000	215,000	187,000	195,000	195,000	195,000	229,000	115,000	112,000	112,000	115,000	110,000	107,000	107,000	105,500	107,500	109,100	109,200	105,800	104,900	99,800	97,300	100,200	97,800	99,000	94,400	83,900	78,300	80,900	77,100	83,400	81,800	85,100	80,100	76,900	71,600	76,000	74,900	77,300	69,800	70,300	71,200	72,900	70,000	72,300	67,800	60,700	77,700	64,500	63,600	68,900	66,000	62,900	63,100	63,400	70,200	81,000	72,200	74,700	63,800	61,800	64,300	72,900	59,600	63,000	61,100	62,700	62,200	67,100	63,500	46,700	43,100	43,700	43,500	45,200	40,200	38,400	37,500	35,400	34,100	40,900	27,000	-5,600	36,100	36,100	37,600	35,800	35,900	36,600	37,200	36,400	30,300	30,500	26,200	21,400	23,200	23,500	23,500	23,200	21,200	21,800	20,900	21,700	21,800	20,300	19,300	19,300	18,300	20,400	19,600	16,700	18,200	18,000	17,600	15,700	18,100	16,900	-	-	-	-	-
Discontinued Operations	0	-37,000	-37,000	-37,000	-37,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	340,000	272,000	383,000	340,000	206,000	389,000	272,000	352,000	31,000	83,000	432,000	470,000	-1,000	325,000	-3,000	243,000	372,000	306,000	287,000	276,000	174,600	304,400	361,800	347,800	117,500	311,300	315,300	309,200	-545,300	278,000	281,000	274,900	130,500	261,000	275,100	281,900	141,500	267,000	309,200	283,000	201,500	165,700	255,500	220,500	181,700	175,100	207,300	236,300	202,600	211,600	237,600	188,700	190,600	134,100	63,400	116,500	78,400	34,500	-56,600	6,200	91,000	92,500	118,900	127,800	123,000	98,300	112,400	89,200	162,100	78,000	106,800	93,800	89,400	88,200	101,600	79,500	84,600	67,700	82,000	77,900	75,600	56,600	69,700	67,900	80,600	50,200	74,500	55,000	123,300	34,900	48,300	42,500	65,500	80,400	70,500	75,700	67,100	45,900	60,500	55,800	51,900	33,400	31,000	32,800	46,700	33,300	42,400	36,900	106,300	21,700	32,000	26,800	26,800	12,400	26,500	24,600	34,500	17,100	27,700	22,500	23,800	5,900	16,500	-	-	-	-	-
Ebitda	495,000	441,000	406,000	349,000	384,000	613,000	514,000	567,000	218,000	278,000	627,000	665,000	228,000	440,000	109,000	355,000	487,000	416,000	394,000	383,000	280,100	411,900	470,900	457,000	223,300	416,200	415,100	406,500	-445,100	375,800	380,000	369,300	214,400	339,300	356,000	359,000	224,900	348,800	394,300	363,100	278,400	237,300	331,500	295,400	259,000	244,900	277,600	307,500	275,500	281,600	309,900	256,500	251,300	211,800	127,900	180,100	147,300	100,500	6,300	69,300	154,400	162,700	199,900	200,000	197,700	162,100	174,200	153,500	235,000	137,600	169,800	154,900	152,100	150,400	168,700	143,000	131,300	110,800	125,700	121,400	120,800	96,800	108,100	105,400	116,000	84,300	115,400	82,000	117,700	71,000	84,400	80,100	101,300	116,300	107,100	112,900	103,500	76,200	91,000	82,000	73,300	56,600	54,500	56,300	69,900	54,500	64,200	57,800	128,000	43,500	52,300	46,100	46,100	30,700	46,900	44,200	51,200	35,300	45,700	40,100	39,500	24,000	33,400	238,500	-640,300	226,500	230,700	210,300
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	-	-	-	-	-	-
Extraordinary Items	0	-37,000	25,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-22,000	-7,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	659,000	652,000	868,000	750,000	833,000	806,000	712,000	750,000	625,000	650,000	762,000	818,000	772,000	517,000	174,000	447,000	545,000	524,000	513,000	519,000	542,800	515,600	579,200	591,800	565,900	522,700	514,200	517,300	501,000	471,100	496,700	464,300	446,900	398,200	429,000	429,000	413,300	424,500	472,800	445,800	406,600	379,600	396,600	374,700	344,200	343,700	383,200	395,800	359,700	350,800	357,100	342,800	306,100	273,300	275,400	238,500	213,200	151,800	116,200	79,600	73,900	202,300	278,800	283,500	257,700	228,700	247,600	215,900	212,200	183,300	231,100	226,400	199,500	208,200	232,500	213,700	163,700	145,100	169,800	172,600	159,100	129,300	146,700	151,500	145,900	127,900	174,400	153,000	140,100	130,200	143,600	135,700	147,800	145,400	158,900	179,900	163,000	131,100	149,100	126,900	97,100	93,700	96,000	99,300	107,900	83,100	102,800	97,800	99,300	79,600	84,300	72,900	72,900	57,500	79,100	74,800	74,000	63,400	71,600	66,000	64,300	48,700	55,300	238,500	258,500	226,500	230,700	210,300
Income Before Tax	229,000	238,000	328,000	317,000	319,000	396,000	288,000	315,000	155,000	196,000	302,000	136,000	596,000	272,000	-90,000	186,000	475,000	273,000	255,000	262,000	266,800	282,700	314,700	331,700	206,400	274,000	297,300	285,900	-464,600	141,900	259,600	253,600	196,600	232,800	237,600	259,800	214,700	244,900	285,200	235,300	193,900	229,200	246,700	199,500	175,000	170,100	194,700	221,200	185,400	193,100	217,100	170,300	146,200	115,700	113,700	102,300	62,300	21,500	-53,000	-12,900	-133,700	-103,700	122,100	129,300	127,300	99,800	106,200	90,200	10,400	58,900	106,100	94,900	92,500	86,600	56,800	78,300	83,000	66,900	82,100	76,600	73,200	52,000	66,100	65,300	63,600	50,100	69,300	49,000	3,600	29,300	39,800	33,500	12,200	6,900	63,600	66,100	55,700	42,800	56,700	51,800	48,700	25,900	29,000	37,100	42,700	32,700	44,800	37,700	-25,000	26,600	33,600	30,400	30,400	17,700	34,100	29,100	31,100	20,400	31,600	24,600	25,200	9,600	15,400	-	-	-	-	-
Income Tax Expense	59,000	133,000	106,000	87,000	40,000	104,000	57,000	91,000	1,000	79,000	28,000	42,000	211,000	143,000	-6,000	49,000	238,000	66,000	73,000	91,000	19,200	66,800	30,400	94,900	338,400	79,400	76,200	86,300	-183,100	48,800	84,200	80,400	61,200	66,900	80,200	72,100	67,300	71,900	85,300	68,100	44,500	56,300	66,600	50,900	48,400	64,200	68,500	57,500	58,200	46,400	49,800	40,900	30,600	4,200	26,000	20,900	5,700	1,500	-19,100	-6,600	-54,400	24,300	29,800	33,600	48,100	10,900	30,500	24,400	-37,800	13,900	29,700	26,600	23,100	19,600	12,800	-300	13,500	20,100	24,600	22,900	20,900	14,200	19,200	18,900	21,000	16,400	23,600	16,000	1,400	10,900	15,100	12,400	4,500	1,600	23,500	25,100	19,200	15,400	20,400	19,700	16,900	8,600	9,400	11,100	15,500	11,100	15,200	12,900	-13,900	7,800	11,800	8,000	8,000	4,500	13,000	11,500	11,200	8,400	12,800	10,900	10,700	3,200	6,700	127,600	2,400	4,200	1,300	4,200
Interest Expense	70,000	-19,000	12,000	10,000	10,000	18,000	21,000	19,000	18,000	21,000	42,000	21,000	23,000	20,000	18,000	12,000	12,000	15,000	14,000	14,000	13,300	14,400	14,900	16,100	16,900	17,600	18,000	18,000	19,500	22,400	21,400	21,300	17,800	15,000	17,600	10,000	10,200	9,000	9,000	8,200	7,600	8,100	8,800	9,700	6,700	5,000	12,600	15,100	17,200	18,500	20,500	18,400	22,000	18,400	14,200	14,200	16,100	13,000	9,000	19,100	13,400	11,200	10,800	6,500	11,100	8,400	9,300	8,900	14,700	9,500	9,900	9,400	11,400	9,600	11,200	9,300	7,000	7,500	7,700	7,500	7,500	8,100	8,700	9,000	9,000	9,300	9,600	9,800	10,300	12,300	12,400	12,800	14,900	15,900	15,900	15,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Interest Income	0	59,000	52,000	21,000	10,000	1,000	6,000	4,000	35,000	3,000	27,000	278,000	4,000	14,000	3,000	2,000	3,000	4,000	2,000	2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Minority Interest	-21,000	-18,000	18,000	13,000	24,000	19,000	15,000	24,000	25,000	21,000	373,000	29,000	27,000	18,000	14,000	8,000	17,000	13,000	10,000	11,000	17,600	12,100	12,500	11,700	14,200	9,700	9,100	10,400	11,800	9,800	11,000	9,100	10,100	8,500	9,300	8,800	7,500	6,400	9,700	8,100	8,000	6,100	6,000	6,600	5,400	4,800	5,600	5,700	5,200	5,100	5,300	4,900	3,900	4,800	4,900	5,200	3,900	2,800	2,000	700	2,100	2,400	4,800	7,000	8,000	5,700	6,900	7,400	7,300	5,800	6,200	7,000	4,800	5,600	8,100	1,000	1,800	2,000	2,700	2,600	2,300	2,000	2,100	2,200	1,800	1,800	1,600	1,500	1,400	1,000	700	700	800	700	500	700	0	0	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	154,000	50,000	204,000	217,000	255,000	273,000	216,000	200,000	129,000	96,000	247,000	65,000	358,000	111,000	-98,000	129,000	220,000	194,000	172,000	160,000	230,000	203,800	271,800	225,100	-146,200	184,900	212,000	189,200	-293,300	83,300	164,400	164,100	125,300	157,400	148,100	178,900	139,900	166,600	190,200	159,100	141,400	166,800	174,100	142,000	121,200	101,100	120,600	158,000	122,000	141,600	162,000	124,500	111,700	106,700	82,800	76,200	52,700	17,200	-35,900	-7,000	-81,400	-130,400	87,500	88,700	71,200	83,200	75,700	58,400	40,900	39,200	70,200	61,300	64,600	61,400	35,900	77,600	67,700	44,800	54,700	51,100	50,000	35,900	44,800	44,200	40,800	31,900	45,700	-237,000	2,200	18,400	24,700	21,100	7,700	5,300	40,100	41,000	36,500	27,400	36,300	32,100	31,800	17,300	19,600	26,000	27,200	21,600	29,600	24,800	-11,100	18,800	21,800	22,400	22,400	13,200	21,100	17,600	19,900	12,000	18,800	13,700	14,500	6,400	8,700	-127,600	-2,400	-4,200	-1,300	-4,200
Net Income Applicable To Common Shares	0	50,000	204,000	217,000	255,000	273,000	216,000	200,000	129,000	96,000	247,000	65,000	358,000	111,000	-98,000	129,000	220,000	194,000	172,000	160,000	230,000	203,800	271,800	225,100	-146,200	184,900	212,000	189,200	-293,300	83,300	164,400	164,100	125,300	157,400	148,100	178,900	139,900	166,600	190,200	159,100	141,400	166,800	174,100	142,000	121,200	101,100	120,600	158,000	122,000	141,600	162,000	124,500	111,700	106,700	82,800	76,200	52,700	17,200	-35,900	0	0	-87,500	87,500	88,700	71,200	83,200	75,700	58,400	40,900	39,200	70,200	61,300	64,600	61,400	36,000	77,600	67,700	44,800	54,700	51,100	50,000	35,900	44,800	44,200	40,800	31,900	45,700	31,500	2,200	18,400	24,700	21,100	7,700	5,200	40,100	41,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Net Income From Continuing Ops	170,000	105,000	222,000	230,000	279,000	292,000	231,000	224,000	154,000	117,000	274,000	94,000	385,000	129,000	-84,000	137,000	237,000	207,000	182,000	171,000	247,600	215,900	284,300	236,800	-132,000	194,600	221,100	199,600	-281,500	93,100	175,400	173,200	135,400	165,900	157,400	187,700	147,400	173,000	199,900	167,200	149,400	172,900	180,100	148,600	126,600	105,900	126,200	163,700	127,200	146,700	167,300	129,400	115,600	111,500	87,700	81,400	0	20,000	-33,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-35,000	19,000	-12,000	-10,000	-10,000	-12,000	-15,000	-15,000	-18,000	-18,000	-39,000	-18,000	-19,000	-17,000	-15,000	-10,000	-9,000	-11,000	-12,000	-11,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-40,000	-11,000	36,000	11,000	22,000	-31,000	-26,000	-46,000	15,000	-257,000	400,000	3,000	2,000	7,000	10,000	11,000	11,000	12,000	12,500	16,700	14,400	11,700	14,300	15,700	15,800	11,200	12,900	14,000	11,600	10,700	13,900	10,700	12,700	10,200	12,700	16,200	13,600	10,300	13,800	11,700	12,100	10,700	11,000	12,100	13,800	10,600	11,500	12,800	9,300	9,400	1,000	600	600	600	0	500	700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	12,000	7,000	9,000	8,000	27,000	15,000	163,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	600	-28,900	-1,600	400	100	20,300	1,600	0	-1,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	281,000	272,000	383,000	340,000	206,000	389,000	272,000	352,000	178,000	253,000	317,000	403,000	214,000	284,000	-78,000	189,000	478,000	276,000	285,000	264,000	265,600	278,000	312,800	333,500	209,000	275,900	299,500	292,700	-458,000	150,300	269,400	264,200	200,500	237,100	242,500	259,600	212,200	237,700	280,600	233,200	187,700	225,600	243,400	198,500	170,700	163,000	193,500	225,700	191,100	198,800	228,300	179,300	157,400	123,000	117,300	106,600	67,300	27,500	-49,500	5,500	-131,600	-101,700	121,000	126,700	123,000	98,300	113,600	89,900	12,200	60,600	107,500	94,300	90,300	90,500	58,600	83,600	82,000	68,200	81,400	77,600	75,900	56,500	69,600	67,900	67,000	54,900	74,500	55,000	11,400	38,800	48,300	42,500	46,700	51,900	75,200	79,200	70,200	49,800	65,100	58,300	53,300	33,900	33,900	38,300	48,200	36,400	47,000	40,900	44,700	28,000	34,800	30,600	30,600	17,100	32,400	28,800	34,800	20,600	31,600	25,400	26,500	9,800	18,100	238,500	-640,300	226,500	230,700	210,300
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,212,000	3,297,000	4,125,000	3,833,000	3,738,000	3,654,000	3,446,000	3,512,000	3,457,000	3,163,000	3,360,000	3,568,000	3,712,000	2,221,000	1,436,000	2,045,000	2,081,000	2,198,000	2,248,000	2,302,000	2,307,200	2,193,400	2,350,800	2,450,800	2,377,400	2,120,600	2,090,500	2,109,000	2,717,000	1,952,800	2,059,800	2,004,400	1,922,600	1,633,800	1,770,300	1,723,400	1,779,700	1,784,800	1,905,400	1,812,100	1,697,700	1,580,600	1,652,900	1,641,600	1,481,300	1,532,200	1,662,900	1,686,800	1,590,700	1,593,000	1,590,500	1,551,100	1,353,600	1,287,900	1,304,400	1,180,200	1,131,000	1,000,300	915,400	814,000	960,600	1,393,600	1,395,600	1,372,200	1,249,900	1,215,300	1,250,700	1,187,900	1,115,300	987,700	1,061,200	1,060,900	957,700	960,400	1,052,800	999,900	807,200	771,600	811,800	825,500	722,900	668,700	699,900	707,800	633,800	629,100	637,900	579,000	543,000	521,100	553,700	564,300	549,600	566,600	625,700	651,000	606,600	539,900	575,700	493,000	435,900	397,700	417,400	426,400	418,800	370,400	402,700	402,600	377,000	359,700	347,000	316,200	316,200	281,400	323,600	299,000	304,300	264,400	280,500	261,800	250,600	210,600	231,300	-	898,800	-	-	-
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	-	-	-	-	-	-
Reconciled Depreciation	155,000	58,000	186,000	183,000	178,000	178,000	185,000	180,000	187,000	195,000	195,000	195,000	229,000	115,000	112,000	112,000	115,000	110,000	107,000	107,000	105,500	107,500	109,100	109,200	105,800	104,900	99,800	97,300	100,200	97,800	99,000	94,400	83,900	78,300	80,900	77,100	83,400	81,800	85,100	80,100	76,900	71,600	76,000	74,900	77,300	69,800	70,300	71,200	72,900	70,000	72,300	67,800	60,700	64,100	64,500	63,600	68,900	66,000	62,900	63,100	63,400	70,200	81,000	72,200	74,700	63,800	61,800	64,300	72,900	59,600	63,000	61,100	62,700	62,200	67,100	63,500	46,700	43,100	43,700	43,500	45,200	40,200	38,400	37,500	35,400	34,100	40,900	27,000	-5,600	36,100	36,100	37,600	35,800	35,900	36,600	37,200	36,400	30,300	30,500	21,400	21,400	23,200	23,500	23,500	23,200	21,200	21,800	20,900	21,700	21,800	20,300	21,000	19,300	18,300	20,400	19,600	16,700	18,200	18,000	17,600	15,700	18,100	16,900	-	-	-	-	-
Research Development	176,000	192,000	208,000	193,000	189,000	199,000	207,000	0	0	0	0	0	0	0	0	0	413,000	413,000	413,000	413,000	332,100	108,000	112,400	116,700	104,700	101,500	104,900	96,400	84,300	88,600	85,000	85,300	76,700	75,200	80,100	75,400	78,800	85,300	90,100	82,000	87,000	71,800	72,600	71,800	67,200	64,400	66,600	67,700	59,600	58,400	64,700	61,000	50,800	45,800	46,100	42,300	45,500	41,400	35,800	32,500	39,700	50,700	61,100	57,500	54,100	49,100	56,700	50,900	47,600	46,200	47,900	46,000	40,000	39,900	40,000	51,100	29,100	33,600	30,800	29,600	30,800	29,000	28,900	29,500	30,000	26,800	25,400	26,900	17,600	30,000	29,500	27,400	26,800	30,100	25,400	29,700	0	0	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	-578,000	0	0	0	360,000	0	0	0	708,000	0	0	0	0	0	0	0	7,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	360,000	333,000	422,000	384,000	791,000	397,000	394,000	388,000	1,084,000	343,000	364,000	377,000	350,000	204,000	184,000	213,000	212,000	230,000	212,000	226,000	225,800	230,500	236,000	253,400	239,900	224,800	215,000	218,800	217,100	209,700	202,300	188,400	178,400	148,000	167,400	168,200	169,400	177,200	181,200	173,800	167,100	157,700	155,600	165,200	173,500	151,000	153,100	169,000	146,800	151,400	157,700	165,100	148,300	150,200	137,800	130,300	144,400	125,900	115,400	74,100	92,500	134,800	159,900	155,700	135,900	134,100	135,200	126,700	127,500	116,800	124,300	132,600	110,100	120,000	130,900	134,200	79,100	77,400	87,800	94,700	83,500	72,700	77,000	83,600	79,200	73,200	72,700	71,000	63,900	55,500	59,300	55,600	65,300	57,500	57,800	63,500	56,400	51,000	53,500	22,400	22,400	36,600	38,600	37,500	36,500	25,500	34,000	36,000	32,900	29,800	29,200	30,800	0	22,100	26,300	26,400	0	24,600	22,000	23,000	0	20,800	20,300	-	-	-	-	-
Tax Provision	59,000	133,000	106,000	87,000	40,000	104,000	57,000	91,000	1,000	79,000	28,000	42,000	211,000	143,000	-6,000	49,000	238,000	66,000	73,000	69,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Total Operating Expenses	349,000	327,000	473,000	403,000	463,000	400,000	399,000	388,000	427,000	397,000	364,000	377,000	558,000	204,000	184,000	213,000	67,000	230,000	210,000	255,000	277,200	230,500	236,000	258,300	356,900	227,100	215,000	219,300	959,000	209,700	227,300	200,100	246,400	148,000	167,400	168,200	201,100	177,200	181,200	173,800	218,900	154,000	155,600	165,200	106,400	180,700	189,700	170,100	176,700	152,000	128,800	163,500	126,300	150,300	158,100	131,900	145,900	124,300	115,400	74,100	103,000	279,000	157,800	156,800	134,700	130,400	134,000	126,000	125,800	111,200	123,600	132,100	109,200	117,700	173,900	130,100	81,700	76,900	88,400	95,000	83,200	72,800	77,100	83,600	78,900	73,000	99,900	98,000	100,300	91,400	95,300	93,200	101,100	93,500	83,700	100,700	92,800	81,300	84,000	68,600	43,800	59,800	62,100	61,000	59,700	46,700	55,800	56,900	54,600	51,600	49,500	42,300	42,300	40,400	46,700	46,000	39,200	42,800	40,000	40,600	37,800	38,900	37,200	-	-898,800	-	-	-
Total Other Income Expense Net	-46,000	-106,000	-55,000	-23,000	113,000	7,000	16,000	-37,000	-25,000	-39,000	-57,000	-287,000	401,000	-24,000	-65,000	-38,000	6,000	-10,000	-36,000	9,000	12,500	10,500	-15,000	12,800	12,700	-5,300	14,700	4,400	11,300	-98,700	10,100	9,100	11,700	-4,400	-8,000	7,300	11,500	5,200	1,200	-30,000	12,300	10,400	13,500	-1,300	-57,100	11,100	12,500	9,200	18,300	11,500	8,100	8,400	-12,600	10,500	10,000	9,300	10,300	6,500	-45,500	200	-111,900	-160,000	14,000	8,000	12,500	9,900	10,000	9,900	-66,100	1,900	9,200	10,500	11,400	8,000	-35,000	8,100	5,400	6,700	7,800	6,200	5,100	3,500	5,100	6,400	5,900	4,700	5,900	4,000	-24,500	3,900	4,600	4,500	-18,800	-28,400	4,700	3,500	3,100	3,900	4,600	2,500	1,400	500	2,900	5,500	1,500	3,100	4,600	4,000	-61,600	6,300	2,800	3,800	3,800	4,700	5,900	4,200	300	3,500	3,900	2,900	2,700	3,900	1,600	-	-	-	-	-
Total Revenue	3,522,000	3,622,000	4,520,000	4,180,000	4,108,000	4,060,000	3,759,000	3,874,000	3,655,000	3,416,000	3,758,000	4,009,000	3,926,000	2,534,000	1,426,000	2,279,000	2,559,000	2,492,000	2,551,000	2,566,000	2,572,800	2,478,500	2,694,000	2,784,300	2,586,400	2,416,200	2,389,700	2,407,000	2,259,000	2,214,200	2,329,200	2,268,600	2,123,100	1,884,000	2,031,900	1,984,200	1,991,900	2,032,100	2,197,000	2,084,100	1,885,400	1,806,200	1,893,900	1,851,100	1,719,100	1,695,200	1,856,400	1,912,500	1,773,700	1,791,800	1,818,800	1,730,400	1,533,400	1,410,900	1,421,700	1,286,800	1,198,300	1,027,800	916,200	819,500	931,500	1,316,900	1,516,600	1,498,900	1,372,900	1,313,600	1,364,300	1,277,800	1,201,700	1,059,800	1,168,700	1,155,200	1,048,000	1,050,900	1,111,400	1,083,500	889,200	839,800	893,200	903,100	798,800	725,200	769,500	775,700	700,800	684,000	712,400	634,000	582,800	559,900	602,000	606,800	596,300	618,500	700,900	730,200	676,800	589,700	640,800	551,300	489,200	431,600	451,300	464,700	467,000	406,800	449,700	443,500	421,700	387,700	381,800	346,800	346,800	298,500	356,000	327,800	339,100	285,000	312,100	287,200	277,100	220,400	249,400	238,500	258,500	226,500	230,700	210,300

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

Gross Profit (+$)
totalRevenue	14,198,000
Cost of Revenue	-11,630,000
Gross Profit	2,568,000	2,568,000

Operating Income (+$)
Gross Profit	2,568,000
Operating Expense	-1,316,000
Operating Income	1,160,000	1,252,000

Operating Expense (+$)
Research Development	717,000
Selling General Administrative	1,630,000
Selling And Marketing Expenses	0
Operating Expense	1,316,000	2,347,000

Net Interest Income (+$)
Interest Income	35,000
Interest Expense	-10,000
Other Finance Cost	-39,000
Net Interest Income	-14,000

Pretax Income (+$)
Operating Income	1,160,000
Net Interest Income	-14,000
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	914,000	1,406,000 EBIT - interestExpense = 1,150,000 914,000 635,000
Interest Expense	10,000
Earnings Before Interest and Taxes (EBIT)	1,160,000	924,000
Earnings Before Interest and Taxes (EBITDA)	1,160,000

After tax Income (+$)
Income Before Tax	914,000
Tax Provision	-345,000
Net Income From Continuing Ops	1,036,000	569,000
Net Income	625,000
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	12,946,000
Total Other Income/Expenses Net	-246,000	14,000

Technical Analysis of Borgwarner
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 Borgwarner. The general trend of Borgwarner is BEARISH with 57.1% 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 Borgwarner'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 (-57.1%)		Bearish trend (57.1%)
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 BorgWarner Inc.

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

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 35.74 < 35.74 < 35.81.

The bearish price targets are: 31.62 > 30.05 > 27.19.

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BorgWarner 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 BorgWarner Inc. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

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

Directionalities and relatives.

Moving 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.

BorgWarner 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 BorgWarner Inc. The current macd is 0.10266647.

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

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

BorgWarner 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 BorgWarner Inc. The current adx is 21.58.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Borgwarner shares, leading to potential downward 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.

BorgWarner 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 BorgWarner Inc. The current sar is 35.21.

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

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

BorgWarner 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 BorgWarner Inc. The current rsi is 36.41. The current phase is Continuation in bear market.

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

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Trending down: The RSI is trending down. -1

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.

BorgWarner 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 BorgWarner Inc. The current phase is Oversold in bear market.

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

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH < 20: The STOCH %K is below 20 and oversold. -2
STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Borgwarner price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

BorgWarner 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 BorgWarner Inc. The current cci is -137.99997764.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1

BorgWarner 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 BorgWarner Inc. The current cmo is -44.83194237.

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

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

BorgWarner 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 BorgWarner Inc. The current willr is -100.

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

WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1

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 BorgWarner Inc.

BorgWarner 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 BorgWarner Inc. The current atr is 0.83409279.

BorgWarner 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 BorgWarner Inc. The current obv is 69,543,495.

BorgWarner 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 BorgWarner Inc. The current mfi is 43.87.

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

MFI < 50: -1

BorgWarner Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for BorgWarner 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
2023-11-24	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-11-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-11-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-11-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-05	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-14	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.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line 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).
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-03	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-10	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-17	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-25	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-26	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	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.
2024-01-30	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
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.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-02	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-05	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-06	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-07	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-08	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-05	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
2024-03-06	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-07	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-19	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-21	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-27	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-04-05	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-04-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-09	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-04-10	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-04-11	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-04-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-15	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
2024-04-17	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	36.411
Ma 20	Greater than	Ma 50	34.010
Ma 50	Greater than	Ma 100	32.536
Ma 100	Greater than	Ma 200	33.352
Open	Greater than	Close	32.740
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Quick analysis of Borgwarner (30 sec.)

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

$31.86

$25.97

$53.49 - $142.28

$79.45 - $168.25

2. Growth of Borgwarner (5 min.)

Is Borgwarner growing?

How much money is Borgwarner making?

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

3. Financial Health of Borgwarner (5 min.)

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

Industry Rankings (Auto Parts)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Borgwarner

About BorgWarner Inc

Financial Health

Valuation

1.1. Profitability of BorgWarner Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Auto Parts)

1.1.2. Return on Assets

Trends

Compared to industry (Auto Parts)

1.1.3. Return on Equity

Trends

Compared to industry (Auto Parts)

1.2. Operating Efficiency of BorgWarner Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Auto Parts)

1.2.2. Operating Ratio

Trends

Compared to industry (Auto Parts)

1.3. Liquidity of BorgWarner Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Auto Parts)

1.3.2. Quick Ratio

Trends

Compared to industry (Auto Parts)

1.4. Solvency of BorgWarner Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Auto Parts)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Auto Parts)

2. Market Valuation of BorgWarner Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Auto Parts)

BorgWarner Inc
Buy, Hold or Sell?