Boston Properties Inc
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Penke I guess you are interested in Boston Properties 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 Boston Properties 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 Boston Properties Inc (30 sec.)

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

How much money do you get?

$4.38

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$52.09

Expected worth in 1 year

$50.90

How sure are you?

92.5%

+ What do you gain per year?

Total Gains per Share

$3.19

Return On Investment

5.1%

For what price can you sell your share?

Current Price per Share

$62.93

Expected price per share

$51.06 - $65.88

How sure are you?

50%

1. Valuation of Boston Properties Inc (5 min.)

Live pricePrice per Share (EOD)

$62.93

Book Value per Share

$52.09

Intrinsic Value Per Share

$49.24 - $96.68

Total Value Per Share

$101.33 - $148.77

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($1.52) 3Y: ($1.64) TTM: ($1.61)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($0.06) TTM: ($0.07)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$5.93	$7.03	$6.18 - $7.52
2	$11.61	$14.76	$6.28 - $8.47
3	$17.06	$23.15	$6.38 - $9.42
4	$22.27	$32.15	$6.48 - $10.37
5	$27.27	$41.71	$6.58 - $11.32
6	$32.06	$51.80	$6.68 - $12.27
7	$36.64	$62.38	$6.78 - $13.22
8	$41.03	$73.41	$6.88 - $14.17
9	$45.23	$84.85	$6.98 - $15.13
10	$49.24	$96.68	$7.08 - $16.08

2. Growth of Boston Properties Inc (5 min.)

Is Boston Properties Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$8.1b	$8.2b	-$34m	-0.4%

How much money is Boston Properties Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$47.5m	$158.9m	-$111.3m	-234.0%
Net Profit Margin	5.8%	20.3%	-	-

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

Quarterly Yearly

3. Financial Health of Boston Properties Inc (5 min.)

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

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

What can you expect buying and holding a share of Boston Properties Inc?

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

Speculation

The Price per Share of Boston Properties Inc is $62.93. 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 Boston Properties Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

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

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $52.09. Based on the TTM, the Book Value Change Per Share is $-0.30 per quarter. Based on the YOY, the Book Value Change Per Share is $0.51 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 $1.09 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.76	1.2%	0.30	0.5%	1.35	2.1%	0.93	1.5%	0.87	1.4%
Usd Book Value Change Per Share	0.88	1.4%	-0.30	-0.5%	0.51	0.8%	-0.01	0.0%	0.18	0.3%
Usd Dividend Per Share	1.10	1.7%	1.09	1.7%	1.09	1.7%	1.09	1.7%	1.16	1.8%
Usd Total Gains Per Share	1.98	3.1%	0.80	1.3%	1.60	2.5%	1.07	1.7%	1.34	2.1%
Usd Price Per Share	70.17	-	60.34	-	90.08	-	96.45	-	110.68	-
Price to Earnings Ratio	23.01	-	12.78	-	20.24	-	47.47	-	45.29	-
Price-to-Total Gains Ratio	35.46	-	9.46	-	66.98	-	147.21	-	122.68	-
Price to Book Ratio	1.35	-	1.16	-	1.72	-	1.85	-	2.17	-
Price-to-Total Gains Ratio	35.46	-	9.46	-	66.98	-	147.21	-	122.68	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	62.93
Number of shares	15

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	1.09	1.09
Usd Book Value Change Per Share	-0.30	-0.01
Usd Total Gains Per Share	0.80	1.07
Gains per Quarter (15 shares)	11.96	16.12
Gains per Year (15 shares)	47.84	64.49

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	66	-18	38	65	-1	54
2	131	-36	86	130	-1	118
3	197	-53	134	196	-2	182
4	263	-71	182	261	-3	246
5	328	-89	230	326	-3	310
6	394	-107	278	391	-4	374
7	460	-125	326	456	-5	438
8	525	-143	374	521	-5	502
9	591	-160	422	587	-6	566
10	657	-178	470	652	-7	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	3.0	1.0	0.0	75.0%	11.0	1.0	0.0	91.7%	19.0	1.0	0.0	95.0%	39.0	1.0	0.0	97.5%	105.0	1.0	0.0	99.1%
Book Value Change Per Share	1.0	3.0	0.0	25.0%	4.0	8.0	0.0	33.3%	7.0	13.0	0.0	35.0%	20.0	20.0	0.0	50.0%	68.0	38.0	0.0	64.2%
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%	104.0	0.0	2.0	98.1%
Total Gains per Share	3.0	1.0	0.0	75.0%	10.0	2.0	0.0	83.3%	18.0	2.0	0.0	90.0%	37.0	3.0	0.0	92.5%	95.0	11.0	0.0	89.6%

Fundamentals of Boston Properties Inc

About Boston Properties Inc

https://www.bxp.com
836
Prudential Center, 800 Boylston Street, Boston, MA, United States, 02199-8103
Google Maps Bing Maps

Boston Properties, Inc. (NYSE: BXP) ("BXP" or the "Company") is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). Including properties owned by joint ventures, BXP's portfolio totals 53.3 million square feet and 188 properties, including 10 properties under construction/redevelopment. BXP's properties include 167 office properties, 14 retail properties (including two retail properties under construction/redevelopment), six residential properties (including one residential property under construction) and one hotel. BXP is well-known for its inhouse building management expertise and responsiveness to clients' needs. BXP holds a superior track record of developing premium Central Business District (CBD) office buildings, successful mixed-use complexes, suburban office centers and build-to-suit projects for a diverse array of creditworthy clients. BXP actively works to promote its growth and operations in a sustainable and responsible manner. BXP has earned a twelfth consecutive GRESB "Green Star" recognition and the highest GRESB 5-star Rating. BXP, an S&P 500 company, was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde and became a public company in 1997.

Fundamental data was last updated by Penke on 2024-04-13 08:29:03.

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 very efficient.
The company is efficient in keeping operating costs low.

Liquidity Details

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

Solvency Details

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

1.1. Profitability of Boston Properties Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Boston Properties Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Boston Properties Inc to the REIT - Office industry mean.
A Net Profit Margin of 14.5% means that $0.14 for each $1 in revenue is generated as profit.

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

The MRQ is 14.5%. The company is making a huge profit. +2
The TTM is 5.8%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	14.5%	TTM	5.8%	+8.6%
TTM	5.8%	YOY	20.3%	-14.5%
TTM	5.8%	5Y	18.4%	-12.5%
5Y	18.4%	10Y	19.3%	-0.9%

Measures how much net profit Boston Properties Inc earns for each $1 of revenue.

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

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

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

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Boston Properties Inc to the REIT - Office industry mean.
Can be used to compare companies within the REIT - Office industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Boston Properties Inc. If profit margins remain low (compared to the REIT - Office 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 Boston Properties Inc is 0.14. This means that Boston Properties Inc earned $0.14 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 REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Boston Properties Inc is performing over time. The most recent quarter might be important if Boston Properties Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Boston Properties Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate net profit margin

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

Real example of Boston Properties Inc

You need the following data to determine net profit margin:

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

Net income MRQ Boston Properties Inc = 119,925
Total revenue MRQ Boston Properties Inc = 828,933
$119,925 / $828,933 = 0.14 or 14.5%

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 Boston Properties Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Boston Properties Inc to the REIT - Office industry mean.
0.5% Return on Assets means that Boston Properties Inc generated $0.00 profit for each $1 in assets.

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

The MRQ is 0.5%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.5%	TTM	0.2%	+0.3%
TTM	0.2%	YOY	0.7%	-0.5%
TTM	0.2%	5Y	0.6%	-0.4%
5Y	0.6%	10Y	0.6%	0.0%

Shows how efficient Boston Properties Inc is using its assets to generate profit.

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

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Boston Properties Inc to the REIT - Office 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 Boston Properties Inc is using its resources to generate profit. If the return on assets (0.5%) from Boston Properties Inc are higher than the REIT - Office mean () that means Boston Properties Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Boston Properties Inc is 0.5%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Boston Properties Inc is performing over time. The most recent quarter might be important if Boston Properties Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Boston Properties Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on assets

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

Real example Boston Properties Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Boston Properties Inc = 119,925
Total assets MRQ (balance sheet) from Boston Properties Inc = 26,026,149
119,925 / 26,026,149 = 0.00 or 0.5%

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

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

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

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

1.1.3. Return on Equity

Shows how efficient Boston Properties Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Boston Properties Inc to the REIT - Office industry mean.
2.0% Return on Equity means Boston Properties Inc generated $0.02 for each $1 the owners (shareholders) invested.

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

The MRQ is 2.0%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 0.8%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.0%	TTM	0.8%	+1.3%
TTM	0.8%	YOY	2.6%	-1.8%
TTM	0.8%	5Y	2.3%	-1.5%
5Y	2.3%	10Y	2.3%	+0.0%

Shows how efficient Boston Properties Inc is using its investors money to generate profit.

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

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Boston Properties Inc to the REIT - Office 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 REIT - Office 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 Boston Properties Inc is 2.0%. This means Boston Properties Inc generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Boston Properties Inc is performing over time. The most recent quarter might be important if Boston Properties Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Boston Properties Inc up to 10 years back (depending if Boston Properties Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on equity

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

Real example of Boston Properties Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Boston Properties Inc = 119,925
Shareholders equity (balance sheet) MRQ Boston Properties Inc = 5,885,080
119,925 / 5,885,080 = 0.02 or 2.0%

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 Boston Properties Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Boston Properties Inc is operating .

Measures how much profit Boston Properties Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Boston Properties Inc to the REIT - Office industry mean.
An Operating Margin of 31.6% means the company generated $0.32 for each $1 in revenue (before taxes).

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

The MRQ is 31.6%. The company is operating very efficient. +2
The TTM is 25.2%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	31.6%	TTM	25.2%	+6.4%
TTM	25.2%	YOY	32.8%	-7.7%
TTM	25.2%	5Y	31.8%	-6.6%
5Y	31.8%	10Y	33.2%	-1.4%

Measures how efficient Boston Properties Inc is operating .

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

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Boston Properties Inc to the REIT - Office 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 Boston Properties Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Boston Properties Inc is 31.6%. This means that Boston Properties Inc earned $0.32 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Boston Properties Inc is performing over time. The most recent quarter might be important if Boston Properties Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Boston Properties Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Boston Properties Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Boston Properties Inc = 261,854
Total revenue MRQ Boston Properties Inc = 828,933
$261,854 / $828,933 = 0.32 or 31.6%

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 Boston Properties Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to REIT - Office industry mean).
An Operation Ratio of 0.68 means that the operating costs are $0.68 for each $1 in net sales.

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

The MRQ is 0.684. The company is efficient in keeping operating costs low. +1
The TTM is 0.684. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.684	TTM	0.684	+0.001
TTM	0.684	YOY	0.659	+0.025
TTM	0.684	5Y	0.665	+0.019
5Y	0.665	10Y	0.663	+0.002

Measures how efficient Boston Properties Inc is keeping operating costs low.

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

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Boston Properties Inc to the REIT - Office 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 Boston Properties Inc is 68.4%. This means that Boston Properties Inc earned $0.68 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 REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Boston Properties Inc is performing over time. The most recent quarter might be important if Boston Properties Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Boston Properties Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Boston Properties Inc

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(525,872 +41,207) \ 828,933 = 0.68

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 Boston Properties Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Boston Properties Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to REIT - Office industry mean).
A Current Ratio of 4.19 means the company has $4.19 in assets for each $1 in short-term debts.

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

The MRQ is 4.186. The company is very able to pay all its short-term debts. +2
The TTM is 3.849. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	4.186	TTM	3.849	+0.337
TTM	3.849	YOY	2.494	+1.355
TTM	3.849	5Y	3.508	+0.341
5Y	3.508	10Y	3.250	+0.258

Measures if Boston Properties Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to REIT - Office 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 Boston Properties Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Boston Properties Inc is 4.19. This means Boston Properties Inc has $4.19 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Boston Properties Inc is performing over time. The most recent quarter might be important if Boston Properties Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Boston Properties Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Boston Properties Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
3,194,383 \ 763,189) = 4.19

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

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

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

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

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

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

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare Boston Properties Inc to the REIT - Office industry mean.
A Quick Ratio of 2.41 means the company can pay off $2.41 for each $1 in debt (using most liquid assets).

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

The MRQ is 2.410. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 3.380. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	2.410	TTM	3.380	-0.970
TTM	3.380	YOY	2.431	+0.949
TTM	3.380	5Y	3.329	+0.051
5Y	3.329	10Y	3.093	+0.237

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Boston Properties Inc to the REIT - Office industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

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

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Boston Properties Inc is 2.41. This means that Boston Properties Inc can pay off $2.41 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Boston Properties Inc is performing over time. The most recent quarter might be important if Boston Properties Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Boston Properties Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example Boston Properties Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Boston Properties Inc: (1,612,567 + 0 +226,604) / 763,189 = 2.41

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

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

1.4. Solvency of Boston Properties Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Boston Properties Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Boston Properties Inc to REIT - Office industry mean.
A Debt to Asset Ratio of 0.69 means that Boston Properties Inc assets are financed with 68.5% credit (debt) and the remaining percentage (100% - 68.5%) is financed by its owners/shareholders.

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

The MRQ is 0.685. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.674. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.685	TTM	0.674	+0.011
TTM	0.674	YOY	0.648	+0.026
TTM	0.674	5Y	0.641	+0.033
5Y	0.641	10Y	0.616	+0.025

Measures how much % of Boston Properties Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Boston Properties Inc to REIT - Office 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 Boston Properties Inc is 0.69. This means means that Boston Properties Inc is financed with 68.5% 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 REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Boston Properties Inc is performing over time. The most recent quarter might be important if Boston Properties Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Boston Properties Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Boston Properties Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
17,833,785 \ 26,026,149 = 68.5% or 0.69.

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 Boston Properties Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Boston Properties Inc to the REIT - Office industry mean.
A Debt to Equity ratio of 303.0% means that company has $3.03 debt for each $1 in shareholders equity.

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

The MRQ is 3.030. The company is unable to pay all its debts with equity. -1
The TTM is 2.857. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	3.030	TTM	2.857	+0.173
TTM	2.857	YOY	2.522	+0.335
TTM	2.857	5Y	2.493	+0.364
5Y	2.493	10Y	2.229	+0.264

Measures if Boston Properties Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

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

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

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

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Boston Properties Inc is 3.03. This means that Boston Properties Inc can pay off $3.03 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Boston Properties Inc is performing over time. The most recent quarter might be important if Boston Properties Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Boston Properties Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Boston Properties Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
17,833,785 \ 5,885,080 = 3.03 or 303.0%

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 Boston Properties 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 Boston Properties Inc generates.

Above 15 is considered overpriced but always compare Boston Properties Inc to the REIT - Office industry mean.
A PE ratio of 23.01 means the investor is paying $23.01 for every $1 in earnings.

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

The EOD is 20.632. Based on the earnings, the company is fair priced.
The MRQ is 23.006. Based on the earnings, the company is fair priced.
The TTM is 12.777. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	20.632	MRQ	23.006	-2.374
MRQ	23.006	TTM	12.777	+10.229
TTM	12.777	YOY	20.239	-7.462
TTM	12.777	5Y	47.473	-34.695
5Y	47.473	10Y	45.289	+2.184

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

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

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Boston Properties Inc to the REIT - Office 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 Boston Properties Inc is 23.01. This means the investor is paying $23.01 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Boston Properties Inc is performing over time. The most recent quarter might be important if Boston Properties Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Boston Properties Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Boston Properties Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

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

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 157,276 = EPS
PE ratio MRQ = 23.01

* 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 Boston Properties Inc:

The EOD is 9.273. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 10.340. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 10.530. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	9.273	MRQ	10.340	-1.067
MRQ	10.340	TTM	10.530	-0.191
TTM	10.530	YOY	15.068	-4.538
TTM	10.530	5Y	15.722	-5.192
5Y	15.722	10Y	21.877	-6.155

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to REIT - Office industry mean).
A PB ratio of 1.35 means the investor is paying $1.35 for each $1 in book value.

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

The EOD is 1.208. Based on the equity, the company is underpriced. +1
The MRQ is 1.347. Based on the equity, the company is underpriced. +1
The TTM is 1.156. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.208	MRQ	1.347	-0.139
MRQ	1.347	TTM	1.156	+0.191
TTM	1.156	YOY	1.725	-0.569
TTM	1.156	5Y	1.852	-0.696
5Y	1.852	10Y	2.173	-0.321

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Boston Properties Inc

Institutions are holding 101.829% of the shares of Boston Properties Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	14.933	0.0359	23446379	62539	0.2674
2023-12-31	BlackRock Inc	11.8311	0.0332	18576146	880857	4.9779
2023-12-31	NORGES BANK	8.0858	0.1557	12695570	0	0
2023-12-31	State Street Corporation	7.7138	0.0419	12111568	390022	3.3274
2023-12-31	Apg Investments Us Inc	4.7409	3.2018	7443663	0	0
2023-12-31	JPMorgan Chase & Co	3.7383	0.0396	5869618	-446601	-7.0707
2023-12-31	Allspring Global Investments Holdings, LLC	2.7616	0.5044	4335974	-40789	-0.9319
2023-12-31	Goldman Sachs Group Inc	2.5947	0.0257	4073936	2246109	122.8841
2023-12-31	Arnhold & S. Bleichroeder Advisers, LLC	2.3742	0.6232	3727740	-17262	-0.4609
2023-12-31	Geode Capital Management, LLC	2.317	0.0266	3637985	65734	1.8401
2023-12-31	RIMA MANAGEMENT, LLC	1.8051	7.6457	2834175	-201712	-6.6443
2023-12-31	Legal & General Group PLC	1.6004	0.0452	2512864	365112	16.9997
2023-12-31	Dimensional Fund Advisors, Inc.	1.4196	0.0457	2228879	22074	1.0003
2023-12-31	Ameriprise Financial Inc	1.4126	0.0459	2217944	260889	13.3307
2023-12-31	Morgan Stanley - Brokerage Accounts	1.3998	0.0136	2197793	-285121	-11.4833
2023-12-31	Amvescap Plc.	1.3745	0.036	2158129	241893	12.6233
2023-12-31	Charles Schwab Investment Management Inc	1.308	0.0366	2053695	67426	3.3946
2023-12-31	CenterSquare Investment Management LLC	1.2653	1.5584	1986707	468950	30.8976
2023-12-31	UBS Asset Mgmt Americas Inc	1.2606	0.0546	1979331	187350	10.4549
2023-12-31	Northern Trust Corp	1.1794	0.0235	1851811	-928998	-33.4075
Total		75.1157	14.1932	117939907	+3338472	+2.8%

3.2. Funds holding Boston Properties Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Real Estate Index Investor	3.8749	0.6164	6084016	16532	0.2725
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.818	0.0185	4424570	-10044	-0.2265
2024-02-29	Vanguard Small Cap Index	2.3197	0.1677	3642205	37152	1.0306
2024-02-29	Vanguard Institutional 500 Index Trust	2.2944	0.0218	3602421	34329	0.9621
2024-02-29	Allspring Special Mid Cap Value Inst	2.2244	1.7684	3492550	54150	1.5749
2023-12-31	Allspring Special US Mid Cap Value Eq	2.1899	1.9218	3438400	-59200	-1.6926
2024-02-29	Vanguard Small Cap Value Index Inv	1.5821	0.3023	2484069	12833	0.5193
2024-02-29	First Eagle Global A	1.5751	0.3168	2473129	0	0
2024-02-29	Fidelity 500 Index	1.1029	0.0218	1731671	17423	1.0164
2024-03-28	SPDR® S&P 500 ETF Trust	1.0914	0.0208	1713657	10320	0.6059
2024-03-28	Invesco S&P 500® Equal Weight ETF	1.0559	0.1987	1657951	4080	0.2467
2024-02-29	iShares Envir&Lw Carb Tilt REIdx(UK)LAcc	0.9849	1.2795	1546387	28332	1.8663
2024-03-28	iShares Core S&P 500 ETF	0.9543	0.0214	1498357	11008	0.7401
2023-12-31	JPM US Mid Cap Value-Composite	0.8164	0.6837	1281857	-24672	-1.8884
2024-02-29	JPMorgan Mid Cap Value L	0.8164	0.6157	1281857	0	0
2024-03-28	SPDR® Portfolio S&P 500 High Div ETF	0.7576	1.1089	1189446	-1400	-0.1176
2024-02-29	Vanguard Institutional Index I	0.6071	0.0218	953179	-846	-0.0887
2024-02-29	Vanguard Real Estate II Index	0.6014	0.71	944306	-2748	-0.2902
2024-03-28	Real Estate Select Sector SPDR®	0.56	0.9338	879287	-2556	-0.2898
2024-02-29	DFA Real Estate Securities I	0.5425	0.7819	851756	-7487	-0.8713
Total		28.7693	11.5317	45171071	+117206	+0.3%

3.3. Insider Transactions

Insiders are holding 0.211% of the shares of Boston Properties Inc.

Date	Owner	Type	Amount	Price
2024-03-06	Raymond A. Ritchey	SELL	14150	62.84
2023-09-11	Eric G Kevorkian	SELL	1000	66.43
2023-09-05	Raymond A. Ritchey	SELL	65000	67.11
2023-05-26	Carol B Einiger	BUY	10000	47.41

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Boston Properties 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	-	-	0.880	-0.297	+134%	0.513	+72%	-0.011	+101%	0.181	+387%
Book Value Per Share	-	-	52.089	52.244	0%	52.468	-1%	52.271	0%	51.219	+2%
Current Ratio	-	-	4.186	3.849	+9%	2.494	+68%	3.508	+19%	3.250	+29%
Debt To Asset Ratio	-	-	0.685	0.674	+2%	0.648	+6%	0.641	+7%	0.616	+11%
Debt To Equity Ratio	-	-	3.030	2.857	+6%	2.522	+20%	2.493	+22%	2.229	+36%
Dividend Per Share	-	-	1.099	1.094	+0%	1.090	+1%	1.086	+1%	1.156	-5%
Eps	-	-	0.763	0.302	+152%	1.351	-44%	0.926	-18%	0.866	-12%
Free Cash Flow Per Share	-	-	1.697	1.612	+5%	1.537	+10%	1.660	+2%	1.521	+12%
Free Cash Flow To Equity Per Share	-	-	4.121	2.463	+67%	2.422	+70%	1.708	+141%	1.208	+241%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	96.678	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	49.243	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	7.031	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	5.928	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	23.151	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	17.056	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	41.712	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	27.271	-	-	-	-	-	-	-	-
Market Cap	9880702733.440	-12%	11036056920.000	9482105863.960	+16%	14151962990.100	-22%	15146221272.700	-27%	17379586415.758	-36%
Net Profit Margin	-	-	0.145	0.058	+148%	0.203	-29%	0.184	-21%	0.193	-25%
Operating Margin	-	-	0.316	0.252	+25%	0.328	-4%	0.318	-1%	0.332	-5%
Operating Ratio	-	-	0.684	0.684	+0%	0.659	+4%	0.665	+3%	0.663	+3%
Pb Ratio	1.208	-12%	1.347	1.156	+17%	1.725	-22%	1.852	-27%	2.173	-38%
Pe Ratio	20.632	-12%	23.006	12.777	+80%	20.239	+14%	47.473	-52%	45.289	-49%
Price Per Share	62.930	-12%	70.170	60.340	+16%	90.083	-22%	96.446	-27%	110.680	-37%
Price To Free Cash Flow Ratio	9.273	-12%	10.340	10.530	-2%	15.068	-31%	15.722	-34%	21.877	-53%
Price To Total Gains Ratio	31.797	-12%	35.455	9.457	+275%	66.976	-47%	147.211	-76%	122.677	-71%
Quick Ratio	-	-	2.410	3.380	-29%	2.431	-1%	3.329	-28%	3.093	-22%
Return On Assets	-	-	0.005	0.002	+150%	0.007	-32%	0.006	-24%	0.006	-28%
Return On Equity	-	-	0.020	0.008	+161%	0.026	-22%	0.023	-11%	0.023	-10%
Total Gains Per Share	-	-	1.979	0.797	+148%	1.603	+23%	1.075	+84%	1.337	+48%
Usd Book Value	-	-	8192364000.000	8209411500.000	0%	8243444500.000	-1%	8209459150.000	0%	8043144050.000	+2%
Usd Book Value Change Per Share	-	-	0.880	-0.297	+134%	0.513	+72%	-0.011	+101%	0.181	+387%
Usd Book Value Per Share	-	-	52.089	52.244	0%	52.468	-1%	52.271	0%	51.219	+2%
Usd Dividend Per Share	-	-	1.099	1.094	+0%	1.090	+1%	1.086	+1%	1.156	-5%
Usd Eps	-	-	0.763	0.302	+152%	1.351	-44%	0.926	-18%	0.866	-12%
Usd Free Cash Flow	-	-	266836000.000	253294500.000	+5%	241571250.000	+10%	260719950.000	+2%	238901550.000	+12%
Usd Free Cash Flow Per Share	-	-	1.697	1.612	+5%	1.537	+10%	1.660	+2%	1.521	+12%
Usd Free Cash Flow To Equity Per Share	-	-	4.121	2.463	+67%	2.422	+70%	1.708	+141%	1.208	+241%
Usd Market Cap	9880702733.440	-12%	11036056920.000	9482105863.960	+16%	14151962990.100	-22%	15146221272.700	-27%	17379586415.758	-36%
Usd Price Per Share	62.930	-12%	70.170	60.340	+16%	90.083	-22%	96.446	-27%	110.680	-37%
Usd Profit	-	-	119925000.000	47572000.000	+152%	158901750.000	-25%	136211550.000	-12%	132675875.000	-10%
Usd Revenue	-	-	828933000.000	818392250.000	+1%	777145250.000	+7%	749850950.000	+11%	693870250.000	+19%
Usd Total Gains Per Share	-	-	1.979	0.797	+148%	1.603	+23%	1.075	+84%	1.337	+48%
	EOD	+4 -4	MRQ	TTM	+25 -10	YOY	+16 -19	5Y	+17 -18	10Y	+18 -17

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	20.632
Price to Book Ratio (EOD)	Between	0-1	1.208
Net Profit Margin (MRQ)	Greater than	0	0.145
Operating Margin (MRQ)	Greater than	0	0.316
Quick Ratio (MRQ)	Greater than	1	2.410
Current Ratio (MRQ)	Greater than	1	4.186
Debt to Asset Ratio (MRQ)	Less than	1	0.685
Debt to Equity Ratio (MRQ)	Less than	1	3.030
Return on Equity (MRQ)	Greater than	0.15	0.020
Return on Assets (MRQ)	Greater than	0.05	0.005
Total			5/10 (50.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	54.002
Ma 20	Greater than	Ma 50	61.485
Ma 50	Greater than	Ma 100	62.601
Ma 100	Greater than	Ma 200	64.490
Open	Greater than	Close	61.310
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	26,026,149
Total Liabilities	17,833,785
Total Stockholder Equity	5,885,080

	As reported
Total Liabilities	17,833,785
Total Stockholder Equity	+ 5,885,080
Total Assets	= 26,026,149

Assets

Total Assets	26,026,149
Total Current Assets	3,194,383
Long-term Assets	22,831,766

Total Current Assets

Total Current Assets (as reported)	3,194,383
Cash And Cash Equivalents	1,612,567
Net Receivables	226,604
Total Current Assets (calculated)	1,839,171
+/-	1,355,212

Long-term Assets

Long-term Assets (as reported)	22,831,766
Long Term Investments	1,413,656
Long-term Assets Other	21,418,110
Long-term Assets (calculated)	22,831,766
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	763,189
Long-term Liabilities	17,070,596
Total Stockholder Equity	5,885,080

Total Current Liabilities

Total Current Liabilities (as reported)	763,189
Short-term Debt	1,959,598
Accounts payable	458,329
Other Current Liabilities	-1,959,598
Total Current Liabilities (calculated)	458,329
+/-	304,860

Long-term Liabilities

Long-term Liabilities (as reported)	17,070,596
Long term Debt	15,856,297
Capital Lease Obligations	768,352
Long-term Liabilities Other	445,947
Long-term Liabilities (calculated)	17,070,596
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	5,885,080
Common Stock	1,569
Retained Earnings	-816,152
Accumulated Other Comprehensive Income	8,383
Other Stockholders Equity	6,691,280
Total Stockholder Equity (calculated)	5,885,080
+/-	0

Other

Capital Stock	1,569
Cash and Short Term Investments	1,612,567
Common Stock Shares Outstanding	157,276
Current Deferred Revenue	304,860
Liabilities and Stockholders Equity	26,026,149
Net Debt	15,012,082
Net Invested Capital	21,732,994
Net Working Capital	2,431,194
Short Long Term Debt Total	16,624,649

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

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

> Total Assets

1,110,000
1,295,600
1,672,521
2,515,900
2,637,900
3,459,300
5,235,087
4,935,700
5,018,800
5,354,800
5,434,772
5,716,317
5,539,054
5,611,117
6,226,470
6,310,079
7,093,296
7,193,521
7,253,510
7,301,392
7,358,671
8,481,315
8,427,203
8,408,754
8,276,209
8,408,655
8,551,100
8,837,035
8,982,267
9,012,414
9,063,228
9,097,991
9,124,624
9,183,888
8,902,368
8,690,401
9,710,516
9,777,509
9,695,022
11,085,740
10,994,602
10,985,621
11,192,637
10,349,487
10,387,925
10,873,334
10,911,645
10,871,936
11,580,664
11,631,777
12,348,703
12,251,342
12,787,701
13,048,836
13,348,263
13,835,473
13,884,212
13,980,798
14,782,966
14,212,857
15,280,629
15,141,943
15,462,321
15,623,279
19,466,550
19,519,708
20,162,251
18,979,568
18,898,533
18,875,160
19,886,767
19,179,071
19,113,959
18,980,263
18,379,456
19,175,830
18,963,965
18,789,899
18,849,767
18,966,627
19,281,762
19,308,518
19,372,233
19,583,939
19,961,163
20,137,498
20,256,477
20,501,604
21,268,275
21,288,575
21,284,905
21,829,698
23,000,777
22,959,215
22,858,190
22,213,552
22,059,076
22,848,810
22,355,585
22,475,634
23,266,433
23,726,691
24,207,669
24,625,422
25,341,680
24,739,148
26,026,149

26,026,149

24,739,148

25,341,680

24,625,422

24,207,669

23,726,691

23,266,433

22,475,634

22,355,585

22,848,810

22,059,076

22,213,552

22,858,190

22,959,215

23,000,777

21,829,698

21,284,905

21,288,575

21,268,275

20,501,604

20,256,477

20,137,498

19,961,163

19,583,939

19,372,233

19,308,518

19,281,762

18,966,627

18,849,767

18,789,899

18,963,965

19,175,830

18,379,456

18,980,263

19,113,959

19,179,071

19,886,767

18,875,160

18,898,533

18,979,568

20,162,251

19,519,708

19,466,550

15,623,279

15,462,321

15,141,943

15,280,629

14,212,857

14,782,966

13,980,798

13,884,212

13,835,473

13,348,263

13,048,836

12,787,701

12,251,342

12,348,703

11,631,777

11,580,664

10,871,936

10,911,645

10,873,334

10,387,925

10,349,487

11,192,637

10,985,621

10,994,602

11,085,740

9,695,022

9,777,509

9,710,516

8,690,401

8,902,368

9,183,888

9,124,624

9,097,991

9,063,228

9,012,414

8,982,267

8,837,035

8,551,100

8,408,655

8,276,209

8,408,754

8,427,203

8,481,315

7,358,671

7,301,392

7,253,510

7,193,521

7,093,296

6,310,079

6,226,470

5,611,117

5,539,054

5,716,317

5,434,772

5,354,800

5,018,800

4,935,700

5,235,087

3,459,300

2,637,900

2,515,900

1,672,521

1,295,600

1,110,000

> Total Current Assets

295,600
148,000
170,200
546,100
282,000
232,500
52,996
34,000
32,000
50,000
40,397
125,897
66,942
66,534
314,821
272,322
165,764
161,011
141,613
71,007
81,640
77,509
75,733
407,611
179,772
59,434
41,111
197,113
239,335
226,809
264,844
236,749
560,412
520,540
314,164
73,672
406,210
1,091,154
782,840
2,067,135
1,933,716
2,254,314
1,564,995
1,323,278
830,391
750,033
613,813
842,970
1,541,325
1,508,777
1,843,986
1,350,917
2,505,512
1,962,411
1,638,212
1,462,817
1,985,605
2,026,644
2,845,897
1,618,817
2,698,849
1,696,627
2,152,220
2,041,296
2,355,253
2,391,208
3,133,405
1,933,355
1,820,759
1,732,920
2,988,994
2,414,256
2,381,289
2,280,977
1,650,256
2,518,650
2,107,375
1,345,130
1,311,774
1,239,319
1,448,489
1,491,999
1,459,130
1,417,437
1,703,372
1,528,560
1,760,184
1,578,416
2,323,536
2,009,797
1,939,401
2,102,280
3,247,204
3,055,093
3,015,523
2,242,051
1,965,274
2,444,471
1,876,393
1,998,560
1,911,513
1,847,287
2,186,168
2,439,224
3,140,862
2,487,604
3,194,383

3,194,383

2,487,604

3,140,862

2,439,224

2,186,168

1,847,287

1,911,513

1,998,560

1,876,393

2,444,471

1,965,274

2,242,051

3,015,523

3,055,093

3,247,204

2,102,280

1,939,401

2,009,797

2,323,536

1,578,416

1,760,184

1,528,560

1,703,372

1,417,437

1,459,130

1,491,999

1,448,489

1,239,319

1,311,774

1,345,130

2,107,375

2,518,650

1,650,256

2,280,977

2,381,289

2,414,256

2,988,994

1,732,920

1,820,759

1,933,355

3,133,405

2,391,208

2,355,253

2,041,296

2,152,220

1,696,627

2,698,849

1,618,817

2,845,897

2,026,644

1,985,605

1,462,817

1,638,212

1,962,411

2,505,512

1,350,917

1,843,986

1,508,777

1,541,325

842,970

613,813

750,033

830,391

1,323,278

1,564,995

2,254,314

1,933,716

2,067,135

782,840

1,091,154

406,210

73,672

314,164

520,540

560,412

236,749

264,844

226,809

239,335

197,113

41,111

59,434

179,772

407,611

75,733

77,509

81,640

71,007

141,613

161,011

165,764

272,322

314,821

66,534

66,942

125,897

40,397

50,000

32,000

34,000

52,996

232,500

282,000

546,100

170,200

148,000

295,600

Cash And Cash Equivalents

136,700
26,000
17,560
391,400
109,000
15,500
12,166
34,000
32,000
50,000
12,035
18,335
6,319
12,430
280,957
241,819
165,764
161,011
98,067
71,007
81,640
28,793
55,275
384,418
158,587
37,621
22,686
182,151
227,698
213,873
239,344
209,307
507,182
450,577
261,496
32,214
1,264,640
1,049,026
725,788
2,016,336
1,885,318
1,894,198
1,506,921
852,283
112,110
55,597
241,510
143,789
819,245
782,106
1,448,933
1,220,392
1,703,448
1,270,074
478,948
1,052,997
780,584
1,063,024
1,823,208
591,196
1,671,997
1,223,215
1,041,978
909,376
1,608,731
1,641,275
2,365,137
1,179,573
1,036,576
846,664
1,763,079
1,064,396
1,342,751
1,387,007
723,718
1,605,678
1,180,044
419,323
356,914
302,939
492,435
493,055
434,767
294,571
472,555
322,502
543,359
360,091
1,087,001
751,210
644,950
660,733
1,691,047
1,714,783
1,668,742
697,369
557,307
1,002,728
452,692
436,271
456,491
375,774
690,333
918,952
1,581,575
882,647
1,612,567

1,612,567

882,647

1,581,575

918,952

690,333

375,774

456,491

436,271

452,692

1,002,728

557,307

697,369

1,668,742

1,714,783

1,691,047

660,733

644,950

751,210

1,087,001

360,091

543,359

322,502

472,555

294,571

434,767

493,055

492,435

302,939

356,914

419,323

1,180,044

1,605,678

723,718

1,387,007

1,342,751

1,064,396

1,763,079

846,664

1,036,576

1,179,573

2,365,137

1,641,275

1,608,731

909,376

1,041,978

1,223,215

1,671,997

591,196

1,823,208

1,063,024

780,584

1,052,997

478,948

1,270,074

1,703,448

1,220,392

1,448,933

782,106

819,245

143,789

241,510

55,597

112,110

852,283

1,506,921

1,894,198

1,885,318

2,016,336

725,788

1,049,026

1,264,640

32,214

261,496

450,577

507,182

209,307

239,344

213,873

227,698

182,151

22,686

37,621

158,587

384,418

55,275

28,793

81,640

71,007

98,067

161,011

165,764

241,819

280,957

12,430

6,319

18,335

12,035

50,000

32,000

34,000

12,166

15,500

109,000

391,400

17,560

26,000

136,700

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
73,023
28,283
14,065
7,012
6,060
4,297
4,297
4,297
4,297
22,776
28,200
41,906
20,804
18,187
27,992
21,321
25,666
27,888
24,137
24,755
25,613
25,000
37,500
25,618
23,715
894,244
83,485
25,784
91,955
92,944
102,488
104,256
176,346
20,372
16,160
11,590
9,408
11,173
10,436
9,946
7,592
7,026
7,911
8,732
9,800
9,975
9,312
9,548
11,193
11,036
11,792
12,172
55,410
54,829
15,377
16,641
18,026
18,927
18,834
19,459
588,218
20,953
19,645
20,380
21,077
21,775
23,022
23,814
25,817
26,781
27,981
29,161
29,353
30,063
31,376
28,198
32,052
33,411
34,375
36,747
28,101
32,848
34,934
39,457
39,002
41,476
41,517
43,632
36,032
31,457
30,040
32,277
32,099
33,481
0
0

33,481

32,099

32,277

30,040

31,457

36,032

43,632

41,517

41,476

39,002

39,457

34,934

32,848

28,101

36,747

34,375

33,411

32,052

28,198

31,376

30,063

29,353

29,161

27,981

26,781

25,817

23,814

23,022

21,775

21,077

20,380

19,645

20,953

588,218

19,459

18,834

18,927

18,026

16,641

15,377

54,829

55,410

12,172

11,792

11,036

11,193

9,548

9,312

9,975

9,800

8,732

7,911

7,026

7,592

9,946

10,436

11,173

9,408

11,590

16,160

20,372

176,346

104,256

102,488

92,944

91,955

25,784

83,485

894,244

23,715

25,618

37,500

25,000

25,613

24,755

24,137

27,888

25,666

21,321

27,992

18,187

20,804

41,906

28,200

22,776

4,297

6,060

7,012

14,065

28,283

73,023

Net Receivables

13,200
13,200
24,458
18,900
24,800
33,200
40,830
0
0
0
28,362
34,539
32,340
40,039
26,852
24,443
26,337
41,087
43,546
36,846
31,298
48,716
20,458
23,193
21,185
21,813
18,425
14,962
11,637
12,936
25,500
27,442
28,230
32,463
52,668
41,458
35,814
42,128
57,052
50,799
48,398
43,199
58,074
34,580
312,116
327,554
338,743
339,116
78,495
341,845
363,240
102,085
769,656
383,655
842,501
400,020
892,607
917,549
972,809
985,731
984,435
429,367
1,055,061
1,076,510
691,693
696,434
711,067
699,542
724,935
733,095
738,594
761,642
785,980
803,591
852,748
841,623
861,677
861,827
891,686
885,136
908,709
915,165
953,761
962,308
976,312
1,104,776
1,120,993
1,146,118
1,160,612
1,205,032
1,247,515
1,243,702
1,255,549
1,290,304
1,296,194
1,292,868
1,327,994
1,362,550
1,375,235
1,387,745
1,408,663
1,398,401
1,449,356
1,474,942
1,512,372
1,557,216
226,604

226,604

1,557,216

1,512,372

1,474,942

1,449,356

1,398,401

1,408,663

1,387,745

1,375,235

1,362,550

1,327,994

1,292,868

1,296,194

1,290,304

1,255,549

1,243,702

1,247,515

1,205,032

1,160,612

1,146,118

1,120,993

1,104,776

976,312

962,308

953,761

915,165

908,709

885,136

891,686

861,827

861,677

841,623

852,748

803,591

785,980

761,642

738,594

733,095

724,935

699,542

711,067

696,434

691,693

1,076,510

1,055,061

429,367

984,435

985,731

972,809

917,549

892,607

400,020

842,501

383,655

769,656

102,085

363,240

341,845

78,495

339,116

338,743

327,554

312,116

34,580

58,074

43,199

48,398

50,799

57,052

42,128

35,814

41,458

52,668

32,463

28,230

27,442

25,500

12,936

11,637

14,962

18,425

21,813

21,185

23,193

20,458

48,716

31,298

36,846

43,546

41,087

26,337

24,443

26,852

40,039

32,340

34,539

28,362

40,830

33,200

24,800

18,900

24,458

13,200

Other Current Assets

145,700
108,800
93,779
135,800
148,200
183,800
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18,015
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
196,594
0
202,429
326,149
316,411
21,970
331,237
340,123
353,709
21,867
376,942
401,054
300,771
308,031
305,692
302,439
36,759
40,332
30,697
31,381
32,253
145,791
127,166
234,570
292,187
241,678
232,728
192,283
372,235
651,753
754,203
370,551
233,855
258,908
208,148
209,876
240,673
192,840
202,149
141,330
228,596
148,573
307,814
340,477
234,725
176,775
203,679
144,624
163,863
88,621
334,575
357,376
156,530
84,427
380,916
126,919
176,753
106,277
174,544
101,591
180,650
46,479
-1,141,457
-1,822,542
-1,155,808
-1,839,171

-1,839,171

-1,155,808

-1,822,542

-1,141,457

46,479

180,650

101,591

174,544

106,277

176,753

126,919

380,916

84,427

156,530

357,376

334,575

88,621

163,863

144,624

203,679

176,775

234,725

340,477

307,814

148,573

228,596

141,330

202,149

192,840

240,673

209,876

208,148

258,908

233,855

370,551

754,203

651,753

372,235

192,283

232,728

241,678

292,187

234,570

127,166

145,791

32,253

31,381

30,697

40,332

36,759

302,439

305,692

308,031

300,771

401,054

376,942

21,867

353,709

340,123

331,237

21,970

316,411

326,149

202,429

196,594

18,015

183,800

148,200

135,800

93,779

108,800

145,700

> Long-term Assets

814,400
1,147,600
1,502,321
1,969,800
2,355,900
3,226,800
4,606,596
4,635,200
4,715,800
5,064,100
5,178,082
5,383,128
5,245,989
5,301,740
5,615,931
5,760,491
6,612,251
6,705,111
7,111,897
6,882,623
6,912,537
8,031,601
8,351,470
7,636,602
7,726,741
7,910,335
8,509,989
8,159,053
8,253,454
8,231,189
8,798,384
8,244,826
7,993,162
8,077,705
8,588,204
7,939,106
7,782,428
8,018,651
8,912,182
8,400,705
8,429,959
8,731,307
9,627,642
9,026,209
9,557,534
10,123,301
10,297,832
10,028,966
10,039,339
10,123,000
10,504,717
10,900,425
10,282,189
11,086,425
11,710,051
12,372,656
11,898,607
11,954,154
11,937,069
12,594,040
12,581,780
13,445,316
13,310,101
13,581,983
17,111,297
17,128,500
17,028,846
17,046,213
17,077,774
17,142,240
16,897,773
16,764,815
16,732,670
16,699,286
16,729,200
16,657,180
16,856,590
17,444,769
17,537,993
17,727,308
17,833,273
17,816,519
17,913,103
18,166,502
18,257,791
18,608,938
18,496,293
18,923,188
18,944,739
19,278,778
19,345,504
19,727,418
19,753,573
19,904,122
19,842,667
19,971,501
20,093,802
20,404,339
20,479,192
20,477,074
21,354,920
21,879,404
22,021,501
22,186,198
22,200,818
22,251,544
22,831,766

22,831,766

22,251,544

22,200,818

22,186,198

22,021,501

21,879,404

21,354,920

20,477,074

20,479,192

20,404,339

20,093,802

19,971,501

19,842,667

19,904,122

19,753,573

19,727,418

19,345,504

19,278,778

18,944,739

18,923,188

18,496,293

18,608,938

18,257,791

18,166,502

17,913,103

17,816,519

17,833,273

17,727,308

17,537,993

17,444,769

16,856,590

16,657,180

16,729,200

16,699,286

16,732,670

16,764,815

16,897,773

17,142,240

17,077,774

17,046,213

17,028,846

17,128,500

17,111,297

13,581,983

13,310,101

13,445,316

12,581,780

12,594,040

11,937,069

11,954,154

11,898,607

12,372,656

11,710,051

11,086,425

10,282,189

10,900,425

10,504,717

10,123,000

10,039,339

10,028,966

10,297,832

10,123,301

9,557,534

9,026,209

9,627,642

8,731,307

8,429,959

8,400,705

8,912,182

8,018,651

7,782,428

7,939,106

8,588,204

8,077,705

7,993,162

8,244,826

8,798,384

8,231,189

8,253,454

8,159,053

8,509,989

7,910,335

7,726,741

7,636,602

8,351,470

8,031,601

6,912,537

6,882,623

7,111,897

6,705,111

6,612,251

5,760,491

5,615,931

5,301,740

5,245,989

5,383,128

5,178,082

5,064,100

4,715,800

4,635,200

4,606,596

3,226,800

2,355,900

1,969,800

1,502,321

1,147,600

814,400

Property Plant Equipment

814,400
1,147,900
1,502,282
1,969,800
2,356,000
3,226,800
4,559,809
4,635,200
4,715,800
5,064,100
5,141,667
5,346,587
5,176,503
5,228,622
5,526,060
5,668,035
6,518,096
6,614,951
6,738,052
6,784,552
6,811,733
7,929,782
7,847,778
7,534,808
7,632,837
7,821,703
7,981,825
8,075,498
8,169,504
8,142,913
8,147,858
8,164,971
7,885,352
7,943,894
7,886,102
7,840,270
7,685,466
7,935,166
8,160,403
8,308,750
8,337,015
8,315,692
8,718,188
8,527,908
8,619,040
8,791,304
8,849,559
8,898,077
8,960,285
9,020,214
9,065,881
9,112,760
9,175,766
9,529,710
10,441,117
10,597,044
10,584,621
10,639,176
10,746,486
11,352,574
11,365,172
11,534,066
11,959,168
0
0
15,826,599
15,817,194
15,860,776
15,894,949
15,886,276
15,688,744
0
15,612,331
15,569,008
15,555,641
15,569,424
0
15,789,203
15,925,028
16,089,977
16,234,920
16,374,447
16,507,008
16,641,806
16,780,930
16,849,143
16,752,119
338,458
337,108
386,625
386,034
385,451
384,906
384,355
383,799
381,160
408,096
407,930
407,285
406,749
405,858
405,440
404,861
404,202
403,947
560,322
0

560,322

403,947

404,202

404,861

405,440

405,858

406,749

407,285

407,930

408,096

381,160

383,799

384,355

384,906

385,451

386,034

386,625

337,108

338,458

16,752,119

16,849,143

16,780,930

16,641,806

16,507,008

16,374,447

16,234,920

16,089,977

15,925,028

15,789,203

15,569,424

15,555,641

15,569,008

15,612,331

15,688,744

15,886,276

15,894,949

15,860,776

15,817,194

15,826,599

11,959,168

11,534,066

11,365,172

11,352,574

10,746,486

10,639,176

10,584,621

10,597,044

10,441,117

9,529,710

9,175,766

9,112,760

9,065,881

9,020,214

8,960,285

8,898,077

8,849,559

8,791,304

8,619,040

8,527,908

8,718,188

8,315,692

8,337,015

8,308,750

8,160,403

7,935,166

7,685,466

7,840,270

7,886,102

7,943,894

7,885,352

8,164,971

8,147,858

8,142,913

8,169,504

8,075,498

7,981,825

7,821,703

7,632,837

7,534,808

7,847,778

7,929,782

6,811,733

6,784,552

6,738,052

6,614,951

6,518,096

5,668,035

5,526,060

5,228,622

5,176,503

5,346,587

5,141,667

5,064,100

4,715,800

4,635,200

4,559,809

3,226,800

2,356,000

1,969,800

1,502,282

1,147,900

814,400

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
767,252
762,522
772,502
770,466
0
0
0
0
659,916
0
0
129,038
126,084
127,356
176,939
180,149
193,394
0
209,974
217,529
235,224
235,904
252,618
775,659
775,198
793,932
819,368
611,800
619,925
666,718
682,507
925,431
956,309
976,580
936,835
933,255
955,647
1,377,338
1,339,724
1,377,291
1,310,478
1,307,725
1,347,065
1,415,039
1,526,629
1,518,622
1,586,451
1,593,834
1,748,188
1,784,716
1,814,440
1,569,631
1,413,656

1,413,656

1,569,631

1,814,440

1,784,716

1,748,188

1,593,834

1,586,451

1,518,622

1,526,629

1,415,039

1,347,065

1,307,725

1,310,478

1,377,291

1,339,724

1,377,338

955,647

933,255

936,835

976,580

956,309

925,431

682,507

666,718

619,925

611,800

819,368

793,932

775,198

775,659

252,618

235,904

235,224

217,529

209,974

193,394

180,149

176,939

127,356

126,084

129,038

659,916

770,466

772,502

762,522

767,252

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
713,971
720,174
710,820
692,386
0

692,386

710,820

720,174

713,971

Other Assets

0
0
0
0
0
0
575,495
266,500
271,000
240,700
216,293
207,292
226,123
242,843
295,718
277,266
315,281
327,399
7,253,510
347,762
364,494
372,205
8,427,203
364,541
369,696
438,886
8,551,100
480,869
489,478
554,416
9,063,228
616,416
571,050
585,643
8,902,368
677,623
1,521,878
667,704
9,695,022
617,900
630,927
8,731,307
11,192,637
9,049,613
9,577,906
10,139,461
9,992,711
10,038,374
10,050,512
10,133,436
10,151,542
10,261,075
10,289,215
10,673,328
11,718,783
11,919,339
11,908,582
11,963,466
11,946,617
12,605,233
12,592,816
12,877,555
13,310,101
13,581,983
17,107,531
17,128,500
17,028,846
17,046,213
17,077,774
17,142,240
16,897,773
16,764,815
16,732,670
16,699,286
16,729,200
16,657,180
16,856,590
17,444,769
17,539,869
17,727,308
17,833,273
17,816,519
17,913,103
885,875
889,221
874,641
879,222
924,541
752,005
936,740
944,041
931,969
1,069,866
1,090,428
21,112,037
1,043,998
1,124,357
3,625,003
3,293,697
21,947,199
21,902,162
22,440,364
22,998,809
765,504
757,735
740,127
26,026,149

26,026,149

740,127

757,735

765,504

22,998,809

22,440,364

21,902,162

21,947,199

3,293,697

3,625,003

1,124,357

1,043,998

21,112,037

1,090,428

1,069,866

931,969

944,041

936,740

752,005

924,541

879,222

874,641

889,221

885,875

17,913,103

17,816,519

17,833,273

17,727,308

17,539,869

17,444,769

16,856,590

16,657,180

16,729,200

16,699,286

16,732,670

16,764,815

16,897,773

17,142,240

17,077,774

17,046,213

17,028,846

17,128,500

17,107,531

13,581,983

13,310,101

12,877,555

12,592,816

12,605,233

11,946,617

11,963,466

11,908,582

11,919,339

11,718,783

10,673,328

10,289,215

10,261,075

10,151,542

10,133,436

10,050,512

10,038,374

9,992,711

10,139,461

9,577,906

9,049,613

11,192,637

8,731,307

630,927

617,900

9,695,022

667,704

1,521,878

677,623

8,902,368

585,643

571,050

616,416

9,063,228

554,416

489,478

480,869

8,551,100

438,886

369,696

364,541

8,427,203

372,205

364,494

347,762

7,253,510

327,399

315,281

277,266

295,718

242,843

226,123

207,292

216,293

240,700

271,000

266,500

575,495

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
436,019
449,076
449,014
441,700
0
0
0
0
588,235
0
0
918,798
884,450
861,567
853,924
837,907
831,744
0
771,419
749,628
732,837
693,976
697,823
680,192
686,163
666,677
658,219
657,474
679,038
681,369
678,319
669,545
678,724
666,320
676,082
689,768
689,213
667,076
655,813
644,036
640,085
622,649
627,338
622,807
618,798
609,205
684,078
720,648
0
720,174
710,820
0
0

710,820

720,174

720,648

684,078

609,205

618,798

622,807

627,338

622,649

640,085

644,036

655,813

667,076

689,213

689,768

676,082

666,320

678,724

669,545

678,319

681,369

679,038

657,474

658,219

666,677

686,163

680,192

697,823

693,976

732,837

749,628

771,419

831,744

837,907

853,924

861,567

884,450

918,798

588,235

441,700

449,014

449,076

436,019

> Total Liabilities

850,400
1,018,900
1,396,837
1,398,500
1,410,400
2,020,100
3,207,372
3,140,200
3,079,700
3,419,900
3,595,246
3,799,409
3,667,426
3,740,676
3,701,028
3,765,650
4,501,636
4,596,938
4,654,697
4,696,475
4,746,431
5,720,790
5,423,032
5,239,749
5,085,147
5,197,382
5,320,804
5,237,720
5,322,106
5,328,883
5,340,827
5,383,987
5,267,174
5,624,003
5,245,754
5,016,560
5,316,205
5,214,564
5,848,288
6,221,194
6,100,215
5,884,119
6,869,920
6,030,538
6,026,615
6,589,291
7,380,378
6,650,259
6,510,755
6,555,011
7,279,644
7,185,861
7,718,761
7,970,743
8,384,070
8,546,014
8,547,669
8,596,637
9,369,450
8,693,042
9,574,894
9,456,292
9,827,467
9,818,029
12,782,178
12,777,846
13,118,633
11,977,024
11,884,633
11,827,567
11,983,831
11,180,123
11,125,512
10,917,504
10,492,529
11,246,040
11,065,746
10,930,646
10,919,719
11,044,189
11,208,410
11,208,823
11,269,777
11,399,849
11,747,921
11,931,524
12,042,509
12,331,317
13,247,608
13,285,727
13,262,304
13,402,961
14,447,628
14,458,573
14,511,681
14,084,526
13,960,103
14,785,286
14,312,789
14,422,944
15,115,833
15,326,635
15,837,237
16,313,339
17,048,845
16,698,784
17,833,785

17,833,785

16,698,784

17,048,845

16,313,339

15,837,237

15,326,635

15,115,833

14,422,944

14,312,789

14,785,286

13,960,103

14,084,526

14,511,681

14,458,573

14,447,628

13,402,961

13,262,304

13,285,727

13,247,608

12,331,317

12,042,509

11,931,524

11,747,921

11,399,849

11,269,777

11,208,823

11,208,410

11,044,189

10,919,719

10,930,646

11,065,746

11,246,040

10,492,529

10,917,504

11,125,512

11,180,123

11,983,831

11,827,567

11,884,633

11,977,024

13,118,633

12,777,846

12,782,178

9,818,029

9,827,467

9,456,292

9,574,894

8,693,042

9,369,450

8,596,637

8,547,669

8,546,014

8,384,070

7,970,743

7,718,761

7,185,861

7,279,644

6,555,011

6,510,755

6,650,259

7,380,378

6,589,291

6,026,615

6,030,538

6,869,920

5,884,119

6,100,215

6,221,194

5,848,288

5,214,564

5,316,205

5,016,560

5,245,754

5,624,003

5,267,174

5,383,987

5,340,827

5,328,883

5,322,106

5,237,720

5,320,804

5,197,382

5,085,147

5,239,749

5,423,032

5,720,790

4,746,431

4,696,475

4,654,697

4,596,938

4,501,636

3,765,650

3,701,028

3,740,676

3,667,426

3,799,409

3,595,246

3,419,900

3,079,700

3,140,200

3,207,372

2,020,100

1,410,400

1,398,500

1,396,837

1,018,900

850,400

> Total Current Liabilities

43,100
33,400
64,500
61,800
82,800
267,600
1,633,000
1,149,000
1,062,000
1,257,000
1,321,000
1,322,000
1,208,000
1,197,000
1,064,000
1,037,000
1,076,000
1,099,000
1,084,000
1,065,000
1,056,000
1,102,000
-7,380
-17,809
-34,731
-14,032
7,457
20,836
440
-2,818
3,023
13,750
-2,948
81,730
2,180
3,217,144
-5,091
7,974
102,934
-4,096
27,718
474,851
145,692
502,706
522,726
477,828
436,085
481,807
497,407
490,369
376,683
339,555
338,386
365,291
329,417
342,706
318,672
346,067
316,145
356,053
318,796
694,558
382,051
420,736
467,099
509,558
867,235
511,478
484,524
548,262
1,289,267
523,512
523,340
559,028
792,415
587,384
622,710
660,645
672,765
815,855
519,163
554,974
599,186
705,396
563,174
743,389
531,026
583,408
673,137
669,867
638,282
797,245
594,643
605,855
613,634
508,553
583,073
588,834
721,780
821,306
775,225
963,409
691,962
683,625
717,127
762,578
763,189

763,189

762,578

717,127

683,625

691,962

963,409

775,225

821,306

721,780

588,834

583,073

508,553

613,634

605,855

594,643

797,245

638,282

669,867

673,137

583,408

531,026

743,389

563,174

705,396

599,186

554,974

519,163

815,855

672,765

660,645

622,710

587,384

792,415

559,028

523,340

523,512

1,289,267

548,262

484,524

511,478

867,235

509,558

467,099

420,736

382,051

694,558

318,796

356,053

316,145

346,067

318,672

342,706

329,417

365,291

338,386

339,555

376,683

490,369

497,407

481,807

436,085

477,828

522,726

502,706

145,692

474,851

27,718

-4,096

102,934

7,974

-5,091

3,217,144

2,180

81,730

-2,948

13,750

3,023

-2,818

440

20,836

7,457

-14,032

-34,731

-17,809

-7,380

1,102,000

1,056,000

1,065,000

1,084,000

1,099,000

1,076,000

1,037,000

1,064,000

1,197,000

1,208,000

1,322,000

1,321,000

1,257,000

1,062,000

1,149,000

1,633,000

267,600

82,800

61,800

64,500

33,400

43,100

Short-term Debt

0
0
0
0
0
195,000
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
3,225,550
0
0
0
0
0
0
0
0
0
0
100,000
100,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,086,984
0
0
0
9,201,209
0
0
0
307,093
105,000
10,236,639
10,234,634
45,000
115,000
2,815
170,000
0
0
0
0
0
250,000
0
2,912,494
250,000
2,904,672
2,901,709
2,280,110
145,000
255,000
165,000
340,000
13,964,357
13,969,522
497,426
0
1,959,598

1,959,598

497,426

13,969,522

13,964,357

340,000

165,000

255,000

145,000

2,280,110

2,901,709

2,904,672

250,000

2,912,494

250,000

170,000

2,815

115,000

45,000

10,234,634

10,236,639

105,000

307,093

9,201,209

10,086,984

100,000

3,225,550

195,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,086,984
0
0
0
9,201,209
0
0
0
307,093
9,895,480
10,236,639
10,234,634
10,271,611
3,734
2,815
639
0
0
0
0
0
250,000
0
0
0
0
0
0
145,000
255,000
165,000
340,000
0
0
0
0
0

340,000

165,000

255,000

145,000

250,000

639

2,815

3,734

10,271,611

10,234,634

10,236,639

9,895,480

307,093

9,201,209

10,086,984

Accounts payable

30,000
16,100
23,800
37,800
62,100
41,500
-6,849
0
0
0
16,652
5,893
-5,890
-1,675
57,338
58,542
61,248
-7,289
1,547
56,125
52,655
-11,954
-7,380
-17,809
-34,731
-14,032
7,457
20,836
440
-2,818
3,023
13,750
-2,948
81,730
2,180
-8,406
-5,091
7,974
102,934
-4,096
27,718
37,562
145,692
128,769
183,192
164,986
171,791
200,269
223,909
229,177
220,089
189,633
177,000
199,534
186,059
171,617
173,257
172,928
155,139
165,441
163,496
193,492
199,102
210,359
212,998
215,778
202,470
218,028
216,080
253,600
243,263
224,086
231,900
245,200
274,709
252,727
287,464
312,979
298,524
313,723
303,559
325,440
331,500
355,002
327,067
315,462
276,645
328,885
418,429
421,269
377,553
293,831
328,292
345,959
336,264
260,875
305,969
331,687
312,125
304,576
342,467
360,572
417,545
397,798
434,574
462,240
458,329

458,329

462,240

434,574

397,798

417,545

360,572

342,467

304,576

312,125

331,687

305,969

260,875

336,264

345,959

328,292

293,831

377,553

421,269

418,429

328,885

276,645

315,462

327,067

355,002

331,500

325,440

303,559

313,723

298,524

312,979

287,464

252,727

274,709

245,200

231,900

224,086

243,263

253,600

216,080

218,028

202,470

215,778

212,998

210,359

199,102

193,492

163,496

165,441

155,139

172,928

173,257

171,617

186,059

199,534

177,000

189,633

220,089

229,177

223,909

200,269

171,791

164,986

183,192

128,769

145,692

37,562

27,718

-4,096

102,934

7,974

-5,091

-8,406

2,180

81,730

-2,948

13,750

3,023

-2,818

440

20,836

7,457

-14,032

-34,731

-17,809

-7,380

-11,954

52,655

56,125

1,547

-7,289

61,248

58,542

57,338

-1,675

-5,890

5,893

16,652

-6,849

41,500

62,100

37,800

23,800

16,100

30,000

Other Current Liabilities

13,100
17,300
40,700
24,000
20,700
31,100
1,639,849
1,149,000
1,062,000
1,257,000
1,304,348
1,316,107
1,213,890
1,198,675
1,006,662
978,458
1,014,752
1,106,289
1,082,453
1,008,875
1,003,345
1,113,954
7,380
17,809
34,731
14,032
-7,457
-20,836
-440
2,818
-3,023
-13,750
2,948
-81,730
-2,180
-3,217,144
5,091
-7,974
-102,934
4,096
-27,718
437,289
-145,692
373,937
339,534
312,842
164,294
281,538
273,498
261,192
156,594
149,922
161,386
165,757
143,358
171,089
145,415
173,139
161,006
190,612
155,300
501,066
182,949
210,377
254,101
293,780
664,765
293,450
268,444
294,662
1,046,004
299,426
291,440
313,828
517,706
334,657
335,246
347,666
374,241
397,132
215,604
229,534
222,686
235,394
236,107
257,927
254,381
254,523
254,708
248,598
260,729
253,414
266,351
259,896
277,370
247,678
277,104
257,147
264,655
261,730
267,758
262,837
-13,689,940
-13,683,695
282,553
300,338
-1,959,598

-1,959,598

300,338

282,553

-13,683,695

-13,689,940

262,837

267,758

261,730

264,655

257,147

277,104

247,678

277,370

259,896

266,351

253,414

260,729

248,598

254,708

254,523

254,381

257,927

236,107

235,394

222,686

229,534

215,604

397,132

374,241

347,666

335,246

334,657

517,706

313,828

291,440

299,426

1,046,004

294,662

268,444

293,450

664,765

293,780

254,101

210,377

182,949

501,066

155,300

190,612

161,006

173,139

145,415

171,089

143,358

165,757

161,386

149,922

156,594

261,192

273,498

281,538

164,294

312,842

339,534

373,937

-145,692

437,289

-27,718

4,096

-102,934

-7,974

5,091

-3,217,144

-2,180

-81,730

2,948

-13,750

-3,023

2,818

-440

-20,836

-7,457

14,032

34,731

17,809

7,380

1,113,954

1,003,345

1,008,875

1,082,453

1,106,289

1,014,752

978,458

1,006,662

1,198,675

1,213,890

1,316,107

1,304,348

1,257,000

1,062,000

1,149,000

1,639,849

31,100

20,700

24,000

40,700

17,300

13,100

> Long-term Liabilities

807,300
985,500
1,332,337
1,336,700
1,327,600
1,752,500
2,654,000
2,759,000
2,800,000
2,944,000
2,956,000
3,186,000
3,157,000
3,218,000
3,415,000
3,450,000
4,178,000
4,245,000
4,315,000
4,361,000
4,416,000
5,423,000
5,041,537
4,980,113
4,819,282
4,920,343
5,004,720
4,910,761
4,994,703
5,016,069
5,011,814
5,011,016
4,898,757
4,921,867
4,826,254
4,696,713
4,383,401
4,283,323
4,150,937
4,445,154
4,327,580
4,655,648
4,198,040
4,873,320
5,503,889
6,111,463
6,944,293
6,168,452
6,013,348
6,064,642
6,902,961
6,846,306
7,380,375
7,605,452
8,054,653
8,203,308
8,228,997
8,250,570
9,053,305
8,336,989
9,256,098
8,761,734
9,445,416
9,397,293
12,315,079
12,268,288
12,251,398
11,465,546
11,400,109
11,279,305
10,694,564
10,656,611
10,602,172
10,358,476
9,700,114
10,658,656
10,443,036
10,270,001
10,246,954
10,228,334
10,689,247
10,653,849
10,670,591
10,694,453
11,184,747
11,188,135
11,511,483
11,747,909
12,574,471
12,615,860
12,624,022
12,605,716
13,852,985
13,852,718
13,898,047
13,575,973
13,377,030
14,196,452
13,591,009
13,601,638
14,340,608
14,363,226
15,145,275
15,629,714
16,331,718
15,936,206
17,070,596

17,070,596

15,936,206

16,331,718

15,629,714

15,145,275

14,363,226

14,340,608

13,601,638

13,591,009

14,196,452

13,377,030

13,575,973

13,898,047

13,852,718

13,852,985

12,605,716

12,624,022

12,615,860

12,574,471

11,747,909

11,511,483

11,188,135

11,184,747

10,694,453

10,670,591

10,653,849

10,689,247

10,228,334

10,246,954

10,270,001

10,443,036

10,658,656

9,700,114

10,358,476

10,602,172

10,656,611

10,694,564

11,279,305

11,400,109

11,465,546

12,251,398

12,268,288

12,315,079

9,397,293

9,445,416

8,761,734

9,256,098

8,336,989

9,053,305

8,250,570

8,228,997

8,203,308

8,054,653

7,605,452

7,380,375

6,846,306

6,902,961

6,064,642

6,013,348

6,168,452

6,944,293

6,111,463

5,503,889

4,873,320

4,198,040

4,655,648

4,327,580

4,445,154

4,150,937

4,283,323

4,383,401

4,696,713

4,826,254

4,921,867

4,898,757

5,011,016

5,011,814

5,016,069

4,994,703

4,910,761

5,004,720

4,920,343

4,819,282

4,980,113

5,041,537

5,423,000

4,416,000

4,361,000

4,315,000

4,245,000

4,178,000

3,450,000

3,415,000

3,218,000

3,157,000

3,186,000

2,956,000

2,944,000

2,800,000

2,759,000

2,654,000

1,752,500

1,327,600

1,336,700

1,332,337

985,500

807,300

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
7,786,001
7,937,264
7,941,643
7,950,363
0
0
0
0
8,912,369
0
0
11,354,369
11,521,508
10,757,135
10,738,609
10,655,750
10,086,984
0
10,047,459
9,909,796
9,216,513
10,160,366
9,934,084
9,808,922
9,796,133
9,781,845
10,236,639
10,234,634
10,226,611
10,224,313
10,721,878
10,719,702
11,007,757
11,005,558
11,846,241
11,838,738
11,811,806
11,811,224
13,048,579
13,048,161
13,047,758
12,536,264
12,536,065
13,378,350
13,141,030
3,268,745
13,487,773
13,492,871
14,489,671
14,960,003
15,708,079
15,214,893
0

15,214,893

15,708,079

14,960,003

14,489,671

13,492,871

13,487,773

3,268,745

13,141,030

13,378,350

12,536,065

12,536,264

13,047,758

13,048,161

13,048,579

11,811,224

11,811,806

11,838,738

11,846,241

11,005,558

11,007,757

10,719,702

10,721,878

10,224,313

10,226,611

10,234,634

10,236,639

9,781,845

9,796,133

9,808,922

9,934,084

10,160,366

9,216,513

9,909,796

10,047,459

10,086,984

10,655,750

10,738,609

10,757,135

11,521,508

11,354,369

8,912,369

7,950,363

7,941,643

7,937,264

7,786,001

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
436,019
449,076
449,014
441,700
0
0
0
0
588,235
0
0
918,798
884,450
861,567
853,924
837,907
831,744
0
771,419
749,628
732,837
693,976
697,823
680,192
686,163
666,677
658,219
657,474
679,038
681,369
678,319
669,545
678,724
666,320
676,082
689,768
689,213
667,076
655,813
644,036
640,085
622,649
627,338
622,807
618,798
609,205
684,078
720,648
0
720,174
710,820
0
0

710,820

720,174

720,648

684,078

609,205

618,798

622,807

627,338

622,649

640,085

644,036

655,813

667,076

689,213

689,768

676,082

666,320

678,724

669,545

678,319

681,369

679,038

657,474

658,219

666,677

686,163

680,192

697,823

693,976

732,837

749,628

771,419

831,744

837,907

853,924

861,567

884,450

918,798

588,235

441,700

449,014

449,076

436,019

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
208,434
0
0
166,455
150,921
151,639
121,784
106,127
105,325
0
106,233
0
0
0
0
0
0
0
0
0
0
1,685,715
1,699,181
1,711,028
1,711,445
1,710,608
2,324,238
2,342,353
2,477,118
1,645,709
6,003
5,604
6,897
7,679
8,980
8,775
9,568
11,031
7,931
6,985
0
5,599
6,292
0
0

6,292

5,599

6,985

7,931

11,031

9,568

8,775

8,980

7,679

6,897

5,604

6,003

1,645,709

2,477,118

2,342,353

2,324,238

1,710,608

1,711,445

1,711,028

1,699,181

1,685,715

106,233

105,325

106,127

121,784

151,639

150,921

166,455

208,434

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
55,553
52,497
60,831
51,926
76,717
72,410
85,105
70,006
84,100
76,710
85,407
95,599
77,655
76,448
79,117
88,558
85,807
93,945
92,741
92,464
134,716
132,427
137,526
154,123
98,296
246,042
236,350
239,084
229,666
201,406
198,314
232,705
221,432
187,104
167,646
173,750
133,662
126,560
131,193
127,538
115,755
95,423
104,914
213,000
210,392
231,702
244,555
293,515
324,826
308,354
309,004
324,613
316,683
556,730
567,464
578,969
556,772
539,716
517,428
502,255
483,762
448,480
448,680
483,601
498,290
508,952
461,079
450,821
446,489
452,608
419,215
443,980
470,140
462,869
468,433
503,726
369,575
355,984
363,419
396,359
372,706
379,284
375,536
418,981
407,644
379,970
379,178
399,986
0
409,291
424,240
457,531
0
0
386,802
0

386,802

457,531

424,240

409,291

399,986

379,178

379,970

407,644

418,981

375,536

379,284

372,706

396,359

363,419

355,984

369,575

503,726

468,433

462,869

470,140

443,980

419,215

452,608

446,489

450,821

461,079

508,952

498,290

483,601

448,680

448,480

483,762

502,255

517,428

539,716

556,772

578,969

567,464

556,730

316,683

324,613

309,004

308,354

324,826

293,515

244,555

231,702

210,392

213,000

104,914

95,423

115,755

127,538

131,193

126,560

133,662

173,750

167,646

187,104

221,432

232,705

198,314

201,406

229,666

239,084

236,350

246,042

98,296

154,123

137,526

132,427

134,716

92,464

92,741

93,945

85,807

88,558

79,117

76,448

77,655

95,599

85,407

76,710

84,100

70,006

85,105

72,410

76,717

51,926

60,831

52,497

55,553

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
831,744
0
0
0
704,867
0
0
0
686,163
0
0
0
679,038
681,369
678,319
669,545
678,724
666,320
676,082
689,768
689,213
667,076
655,813
644,036
640,085
622,649
627,338
622,807
618,798
0
684,078
720,648
733,282
0
0
692,386
0

692,386

733,282

720,648

684,078

618,798

622,807

627,338

622,649

640,085

644,036

655,813

667,076

689,213

689,768

676,082

666,320

678,724

669,545

678,319

681,369

679,038

686,163

704,867

831,744

> Total Stockholder Equity

183,400
195,500
175,048
860,400
874,700
977,200
948,481
1,027,400
1,157,100
1,154,000
1,057,564
1,108,082
1,074,177
1,096,076
1,647,727
1,722,854
1,739,792
1,749,351
1,754,073
1,775,230
1,786,510
1,956,296
2,159,590
2,308,823
2,334,004
2,381,494
2,400,163
2,747,414
2,855,989
2,892,773
2,936,073
2,931,472
3,061,683
2,834,808
2,917,346
2,938,656
3,569,444
3,816,529
3,223,226
4,137,609
4,163,344
4,347,882
3,668,825
3,664,437
3,697,997
3,644,872
3,531,267
3,647,168
4,444,056
4,450,591
4,446,002
4,437,243
4,443,377
4,461,911
4,372,643
4,696,042
4,757,914
4,825,536
4,865,998
4,963,152
5,134,054
5,119,356
5,097,065
5,256,874
5,624,848
5,683,060
5,741,153
5,702,070
5,691,029
5,725,026
5,697,298
5,782,172
5,782,978
5,851,915
5,709,435
5,749,783
5,732,897
5,725,931
5,784,615
5,775,533
5,814,374
5,825,218
5,813,957
5,879,028
5,892,840
5,876,566
5,883,171
5,836,618
5,715,853
5,669,870
5,684,687
6,047,866
6,182,067
6,129,568
5,996,083
5,775,641
5,749,342
5,716,818
5,834,020
5,843,602
5,929,749
6,155,618
6,132,919
6,062,787
6,040,052
5,788,083
5,885,080

5,885,080

5,788,083

6,040,052

6,062,787

6,132,919

6,155,618

5,929,749

5,843,602

5,834,020

5,716,818

5,749,342

5,775,641

5,996,083

6,129,568

6,182,067

6,047,866

5,684,687

5,669,870

5,715,853

5,836,618

5,883,171

5,876,566

5,892,840

5,879,028

5,813,957

5,825,218

5,814,374

5,775,533

5,784,615

5,725,931

5,732,897

5,749,783

5,709,435

5,851,915

5,782,978

5,782,172

5,697,298

5,725,026

5,691,029

5,702,070

5,741,153

5,683,060

5,624,848

5,256,874

5,097,065

5,119,356

5,134,054

4,963,152

4,865,998

4,825,536

4,757,914

4,696,042

4,372,643

4,461,911

4,443,377

4,437,243

4,446,002

4,450,591

4,444,056

3,647,168

3,531,267

3,644,872

3,697,997

3,664,437

3,668,825

4,347,882

4,163,344

4,137,609

3,223,226

3,816,529

3,569,444

2,938,656

2,917,346

2,834,808

3,061,683

2,931,472

2,936,073

2,892,773

2,855,989

2,747,414

2,400,163

2,381,494

2,334,004

2,308,823

2,159,590

1,956,296

1,786,510

1,775,230

1,754,073

1,749,351

1,739,792

1,722,854

1,647,727

1,096,076

1,074,177

1,108,082

1,057,564

1,154,000

1,157,100

1,027,400

948,481

977,200

874,700

860,400

175,048

195,500

183,400

Common Stock

0
0
387
0
0
0
635
0
0
0
679
680
680
693
866
897
904
907
908
911
915
953
954
959
970
976
982
1,064
1,082
1,090
1,103
1,104
1,114
1,125
1,125
1,128
1,142
1,166
1,175
1,190
1,190
1,193
1,195
1,197
1,198
1,199
1,212
1,213
1,385
1,387
1,389
1,390
1,393
1,401
1,402
1,451
1,464
1,476
1,481
1,494
1,507
1,509
1,516
1,516
1,524
1,524
1,530
1,530
1,531
1,531
1,531
1,534
1,535
1,536
1,536
1,536
1,537
1,538
1,538
1,538
1,543
1,543
1,543
1,544
1,544
1,544
1,545
1,545
1,546
1,546
1,548
1,553
1,556
1,556
1,557
1,561
1,561
1,562
1,565
1,567
1,567
1,568
1,568
1,568
1,569
1,569
1,569

1,569

1,568

1,567

1,565

1,562

1,561

1,557

1,556

1,553

1,548

1,546

1,545

1,544

1,543

1,538

1,537

1,536

1,535

1,534

1,531

1,530

1,524

1,516

1,509

1,507

1,494

1,481

1,476

1,464

1,451

1,402

1,401

1,393

1,390

1,389

1,387

1,385

1,213

1,212

1,199

1,198

1,197

1,195

1,193

1,190

1,175

1,166

1,142

1,128

1,125

1,114

1,104

1,103

1,090

1,082

1,064

982

976

970

959

954

953

915

911

908

907

904

897

866

693

680

679

635

387

Retained Earnings

9,100
22,800
2,314
21,900
27,000
26,600
-7,865
-16,800
-11,600
0
-10,893
-10,495
-11,670
-11,879
-13,895
-15,829
-19,193
-20,296
-17,669
-15,084
-16,152
-2,532
198,586
325,114
327,222
322,530
320,900
319,890
336,704
334,736
325,452
314,907
404,635
104,559
182,105
173,129
720,322
749,940
108,155
881,733
904,417
1,065,993
394,324
401,410
399,502
366,482
192,843
117,082
115,027
111,463
95,433
78,645
70,426
58,051
-24,763
-56,479
-69,537
-72,941
-53,080
-70,609
-34,463
-59,621
-109,971
-160,697
192,492
246,206
-108,552
-153,979
-176,929
-148,566
-762,464
-690,993
-711,239
-627,054
-780,952
-699,048
-702,361
-725,522
-695,377
-712,270
-694,320
-692,739
-712,343
-654,879
-649,747
-677,312
-675,534
-728,083
-710,592
-749,666
-760,523
-416,740
-302,511
-364,720
-509,653
-570,982
-612,247
-657,021
-625,911
-636,421
-567,016
-359,536
-391,356
-467,159
-516,550
-782,275
-816,152

-816,152

-782,275

-516,550

-467,159

-391,356

-359,536

-567,016

-636,421

-625,911

-657,021

-612,247

-570,982

-509,653

-364,720

-302,511

-416,740

-760,523

-749,666

-710,592

-728,083

-675,534

-677,312

-649,747

-654,879

-712,343

-692,739

-694,320

-712,270

-695,377

-725,522

-702,361

-699,048

-780,952

-627,054

-711,239

-690,993

-762,464

-148,566

-176,929

-153,979

-108,552

246,206

192,492

-160,697

-109,971

-59,621

-34,463

-70,609

-53,080

-72,941

-69,537

-56,479

-24,763

58,051

70,426

78,645

95,433

111,463

115,027

117,082

192,843

366,482

399,502

401,410

394,324

1,065,993

904,417

881,733

108,155

749,940

720,322

173,129

182,105

104,559

404,635

314,907

325,452

334,736

336,704

319,890

320,900

322,530

327,222

325,114

198,586

-2,532

-16,152

-15,084

-17,669

-20,296

-19,193

-15,829

-13,895

-11,879

-11,670

-10,495

-10,893

-11,600

-16,800

-7,865

26,600

27,000

21,900

2,314

22,800

9,100

Accumulated Other Comprehensive Income

-276,900
-285,500
-294,218
-306,300
-319,400
-335,800
-357,384
0
0
0
-470,591
58,563
9,528
-4,692
-11,745
-19,397
-13,868
-13,868
-13,868
-13,868
-13,695
-13,608
-17,018
-16,844
-16,684
-16,509
-16,335
-16,161
-15,986
-15,812
-15,637
-15,463
-15,288
-12,022
-8,881
7,541
19,583
-807
-3,323
-3,239
-3,338
-6,342
-29,191
-53,091
-41,868
-37,445
-29,916
-29,202
-28,464
-22,411
-21,777
-21,145
-20,155
-19,530
-18,436
-17,867
-17,294
-16,717
-16,138
-15,558
-14,978
-14,379
-13,817
-13,253
-12,689
-12,122
-11,556
-10,989
-10,429
-9,866
-9,304
-11,907
1,848
-20,625
-14,114
-56,706
-79,748
-73,943
-52,251
-50,983
-53,161
-51,796
-50,429
-49,062
-47,695
-45,137
-47,741
-48,734
-51,340
-51,996
-48,335
-55,700
-54,921
-52,622
-49,890
-45,139
-43,166
-40,803
-36,662
-28,485
-27,077
-15,991
-13,718
-18,214
-3,406
2,866
8,383

8,383

2,866

-3,406

-18,214

-13,718

-15,991

-27,077

-28,485

-36,662

-40,803

-43,166

-45,139

-49,890

-52,622

-54,921

-55,700

-48,335

-51,996

-51,340

-48,734

-47,741

-45,137

-47,695

-49,062

-50,429

-51,796

-53,161

-50,983

-52,251

-73,943

-79,748

-56,706

-14,114

-20,625

1,848

-11,907

-9,304

-9,866

-10,429

-10,989

-11,556

-12,122

-12,689

-13,253

-13,817

-14,379

-14,978

-15,558

-16,138

-16,717

-17,294

-17,867

-18,436

-19,530

-20,155

-21,145

-21,777

-22,411

-28,464

-29,202

-29,916

-37,445

-41,868

-53,091

-29,191

-6,342

-3,338

-3,239

-3,323

-807

19,583

7,541

-8,881

-12,022

-15,288

-15,463

-15,637

-15,812

-15,986

-16,161

-16,335

-16,509

-16,684

-16,844

-17,018

-13,608

-13,695

-13,868

-19,397

-11,745

-4,692

9,528

58,563

-470,591

-357,384

-335,800

-319,400

-306,300

-294,218

-285,500

-276,900

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
4,417,162
4,771,659
4,846,003
4,916,440
0
0
0
0
5,222,073
0
0
5,250,174
5,662,453
5,668,230
5,679,578
5,684,649
6,270,257
0
6,293,556
6,300,780
6,305,687
6,306,723
6,316,191
6,326,580
6,333,424
6,339,970
6,363,034
6,370,932
6,377,908
6,384,147
6,391,460
6,400,193
6,407,623
6,414,612
6,278,961
6,274,792
6,294,719
6,321,475
6,340,665
6,348,076
6,356,791
6,392,923
6,405,916
6,415,802
6,497,750
6,509,663
6,524,997
6,532,299
6,539,147
6,549,314
6,561,161
6,568,645
0

6,568,645

6,561,161

6,549,314

6,539,147

6,532,299

6,524,997

6,509,663

6,497,750

6,415,802

6,405,916

6,392,923

6,356,791

6,348,076

6,340,665

6,321,475

6,294,719

6,274,792

6,278,961

6,414,612

6,407,623

6,400,193

6,391,460

6,384,147

6,377,908

6,370,932

6,363,034

6,339,970

6,333,424

6,326,580

6,316,191

6,306,723

6,305,687

6,300,780

6,293,556

6,270,257

5,684,649

5,679,578

5,668,230

5,662,453

5,250,174

5,222,073

4,916,440

4,846,003

4,771,659

4,417,162

Treasury Stock

-2,722

Other Stockholders Equity

451,200
458,200
567,201
1,144,800
1,167,100
1,286,400
2,392,329
1,044,200
1,168,700
1,154,000
2,320,331
2,428,277
2,407,819
2,435,966
3,125,190
3,175,981
1,671,949
1,682,608
1,684,702
1,703,271
1,715,442
3,598,522
1,977,068
1,999,594
2,022,496
2,074,497
2,094,616
2,442,621
2,534,189
2,572,759
2,625,155
2,630,924
2,671,222
2,741,146
2,742,997
2,756,858
2,828,397
3,066,230
3,117,219
3,257,925
3,261,075
3,287,038
3,302,497
3,314,921
3,339,165
3,314,636
3,367,128
3,558,075
4,356,108
4,360,152
4,370,957
4,378,353
4,391,713
4,421,989
4,414,440
4,768,937
4,843,281
4,913,718
4,933,735
5,047,825
5,181,988
5,191,847
5,219,351
5,229,308
5,243,521
5,247,452
5,659,731
5,665,508
5,676,856
5,681,927
6,267,535
6,283,538
6,290,834
6,298,058
6,302,965
6,304,001
6,313,469
6,323,858
6,330,705
6,337,248
6,360,312
6,368,210
6,375,186
6,381,425
6,388,738
6,397,471
6,404,901
6,411,890
6,276,239
6,269,986
6,291,997
6,318,753
6,337,943
6,345,354
6,354,069
6,190,201
6,403,194
6,413,080
6,495,008
6,506,941
6,522,275
6,529,577
6,536,425
6,546,592
6,558,439
6,565,923
6,691,280

6,691,280

6,565,923

6,558,439

6,546,592

6,536,425

6,529,577

6,522,275

6,506,941

6,495,008

6,413,080

6,403,194

6,190,201

6,354,069

6,345,354

6,337,943

6,318,753

6,291,997

6,269,986

6,276,239

6,411,890

6,404,901

6,397,471

6,388,738

6,381,425

6,375,186

6,368,210

6,360,312

6,337,248

6,330,705

6,323,858

6,313,469

6,304,001

6,302,965

6,298,058

6,290,834

6,283,538

6,267,535

5,681,927

5,676,856

5,665,508

5,659,731

5,247,452

5,243,521

5,229,308

5,219,351

5,191,847

5,181,988

5,047,825

4,933,735

4,913,718

4,843,281

4,768,937

4,414,440

4,421,989

4,391,713

4,378,353

4,370,957

4,360,152

4,356,108

3,558,075

3,367,128

3,314,636

3,339,165

3,314,921

3,302,497

3,287,038

3,261,075

3,257,925

3,117,219

3,066,230

2,828,397

2,756,858

2,742,997

2,741,146

2,671,222

2,630,924

2,625,155

2,572,759

2,534,189

2,442,621

2,094,616

2,074,497

2,022,496

1,999,594

1,977,068

3,598,522

1,715,442

1,703,271

1,684,702

1,682,608

1,671,949

3,175,981

3,125,190

2,435,966

2,407,819

2,428,277

2,320,331

1,154,000

1,168,700

1,044,200

2,392,329

1,286,400

1,167,100

1,144,800

567,201

458,200

451,200

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
Accounts Payable	458,329	417,545	312,125	336,264	377,553	276,645	331,500	298,524	274,709	243,263	202,470	199,102	155,139	186,059	220,089	171,791	145,692	102,934	2,180	3,023	7,457	-7,380	1,547	57,338	16,652	-6,849	23,800
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
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
Accumulated Other Comprehensive Income	8,383	-13,718	-36,662	-49,890	-48,335	-47,741	-50,429	-52,251	-14,114	-9,304	-11,556	-13,817	-16,138	-18,436	-21,777	-29,916	-29,191	-3,323	-8,881	-15,637	-16,335	-17,018	-13,868	-11,745	-470,591	-357,384	-294,218
Additional Paid In Capital	0	0	0	0	0	0	6,377,908	6,333,424	0	0	0	0	0	0	5,069,059	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	768,352	454,021	448,982	438,205	424,222	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	1,569	1,568	1,565	201,557	201,548	201,545	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	6,539,147	6,497,750	6,356,791	6,294,719	6,407,623	6,377,908	6,333,424	6,305,687	6,270,257	5,662,453	5,222,073	0	4,417,162	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	1,612,567	690,333	452,692	1,668,742	644,950	543,359	434,767	356,914	723,718	1,763,079	2,365,137	1,041,978	1,823,208	478,948	1,448,933	241,510	1,506,921	725,788	261,496	239,344	22,686	55,275	98,067	280,957	12,035	12,166	17,560
Cash And Equivalents	0	690,333	452,692	1,668,742	644,950	543,359	434,767	356,914	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	1,612,567	690,333	452,692	1,668,742	644,950	543,359	434,767	356,914	723,718	1,763,079	2,365,137	1,041,978	1,832,756	487,680	1,458,879	253,100	1,611,177	725,788	261,496	239,344	22,686	55,275	102,364	287,969	12,035	12,166	17,560
Common Stock	1,569	1,568	1,565	1,557	1,548	1,545	1,543	1,538	1,536	1,531	1,530	1,516	1,481	1,402	1,389	1,212	1,195	1,175	1,125	1,103	982	954	908	866	679	635	387
Common Stock Shares Outstanding	157,201	157,137	156,376	155,517	154,883	154,682	154,390	153,977	153,844	153,308	152,521	150,711	146,218	140,057	131,512	121,299	120,780	117,077	113,559	108,762	98,486	94,612	91,982	71,427	66,776	61,308	39,108
Common Stock Total Equity	0	0	1,565	1,557	1,548	1,545	1,543	1,538	1,536	1,531	1,530	1,516	1,481	1,402	1,389	1,212	1,195	1,175	1,125	1,103	982	954	908	866	679	635	387
Current Deferred Revenue	304,860	0	0	-862,280	-332,490	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	618,798	640,085	689,213	678,724	679,038	686,163	732,837	831,744	884,450	588,235	0	436,019	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	733,282	618,798	640,085	689,213	678,724	679,038	686,163	704,867	831,744	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
Good Will	0	0	0	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	0	713,971	599,567	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	0	0	0	0	0	-80,943	-77,971	-129,666	-185,118	-164,432	-184,477	-90,610	0	0	0	0	0	0	0	0	0	0	0	0	0	0	34,403
Liabilities And Stockholders Equity	26,026,149	24,207,669	22,355,585	22,858,190	21,284,905	20,256,477	19,372,233	18,849,767	18,379,456	19,886,767	20,162,251	15,462,321	14,782,966	13,348,263	12,348,703	10,911,645	11,192,637	9,695,022	8,902,368	9,063,228	8,551,100	8,427,203	7,253,510	6,226,470	5,434,772	5,235,087	1,672,521
Long Term Debt	15,856,297	14,240,336	12,751,609	13,047,758	11,811,806	11,007,757	10,226,611	9,796,133	9,216,513	10,086,984	11,521,508	8,912,369	8,455,152	7,786,001	6,372,389	5,997,257	4,893,560	4,559,445	4,678,524	4,732,785	5,004,720	5,147,220	4,031,903	3,220,944	0	0	0
Long Term Debt Total	0	14,489,671	13,141,030	13,047,758	11,811,806	11,007,757	10,226,611	9,796,133	9,216,513	10,086,984	11,521,508	8,912,369	0	7,786,001	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	1,413,656	1,748,188	1,526,629	1,310,478	955,647	956,309	619,925	775,198	235,224	193,394	126,084	659,916	0	767,252	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
Net Debt	15,012,082	14,004,024	12,892,899	11,817,221	11,591,078	10,464,398	9,836,844	9,439,219	8,492,795	8,323,905	9,156,371	7,870,391	6,880,930	7,307,053	5,270,838	6,030,406	2,691,119	3,425,149	4,564,758	4,772,470	4,982,034	4,986,262	4,216,875	3,133,934	3,309,549	3,076,558	1,314,693
Net Invested Capital	21,732,994	20,373,255	18,730,629	18,843,841	17,296,493	16,690,928	15,885,568	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	226,604	1,449,356	1,375,235	1,296,194	1,247,515	1,120,993	953,761	891,686	852,748	738,594	711,067	1,055,061	450,134	842,501	363,240	338,743	58,074	57,052	52,668	25,500	18,425	20,458	43,546	26,852	28,362	40,830	24,458
Net Tangible Assets	0	6,132,919	5,834,020	5,802,980	3,964,363	5,683,171	5,613,957	5,586,295	5,509,435	5,602,623	5,692,074	5,305,499	0	4,428,295	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	2,431,194	1,537,795	1,212,424	2,435,729	1,342,804	1,310,101	937,915	639,009	857,841	1,699,727	2,266,170	1,770,169	2,007,077	1,308,795	1,467,303	177,728	1,419,303	679,906	311,984	261,821	33,654	83,113	-942,387	-749,179	-1,280,603	-1,160,004	105,700
Non Current Assets Total	22,831,766	22,021,501	20,479,192	19,842,667	19,345,504	18,496,293	17,913,103	17,537,993	16,729,200	16,897,773	17,028,846	13,310,101	12,459,744	11,710,051	10,504,717	10,297,832	8,799,860	8,244,114	7,976,309	8,228,813	8,070,611	7,949,683	6,836,537	5,615,931	5,178,082	4,606,596	1,502,321
Non Current Liabilities Other	445,947	450,918	390,418	850,289	812,216	503,726	443,980	450,821	483,601	502,255	578,969	324,613	0	213,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	17,070,596	15,145,275	13,591,009	13,898,047	12,624,022	11,511,483	10,670,591	10,246,954	9,700,114	10,694,564	12,251,398	9,445,416	9,053,305	8,054,653	6,902,961	6,944,293	4,198,040	4,150,937	4,826,254	5,011,814	5,004,720	5,041,537	4,315,000	3,415,000	2,956,000	3,074,000	1,332,337
Non Currrent Assets Other	20,692,132	19,868,452	18,545,278	18,108,933	17,967,076	17,511,786	17,264,017	16,738,981	16,473,596	16,684,920	16,886,121	12,638,013	1,043,536	501,682	675,200	665,513	-8,799,860	-8,244,114	-7,976,309	-8,228,813	-8,070,611	-7,949,683	-6,836,537	-5,615,931	-5,178,082	-4,606,596	-3,104
Noncontrolling Interest In Consolidated Entity	0	0	2,199,208	2,343,529	4,058,238	2,330,797	2,288,499	2,145,629	2,177,492	2,205,638	1,302,465	537,789	0	591,550	5,069,059	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	20,778,746	22,998,809	3,462,523	21,112,037	944,041	879,222	883,963	932,819	778,657	1,688,175	1,720,530	1,277,044	1,043,536	944,365	675,200	665,513	827,782	668,068	611,895	569,571	439,378	401,787	275,360	295,718	216,293	575,495	0
Other Current Assets	-1,839,171	46,479	-659,321	-1,893,021	-900,613	176,775	148,573	192,840	258,908	651,753	241,678	145,791	40,332	308,031	21,867	21,970	0	0	0	0	0	18,015	0	0	0	0	93,779
Other Current Liab	-1,959,598	-13,689,940	264,655	277,370	260,729	254,381	222,686	374,241	517,706	1,046,004	664,765	182,949	161,006	143,358	156,594	164,294	-145,692	-102,934	-2,180	-3,023	-7,457	7,380	1,082,453	1,006,662	1,304,348	1,219,849	40,700
Other Liab	0	457,531	399,986	418,981	396,359	503,726	443,980	442,048	470,935	1,548,259	1,243,734	507,562	454,521	356,358	284,132	338,044	1,232,062	1,144,417	309,677	234,562	224,058	201,966	159,547	128,799	0	0	0
Other Stockholder Equity	6,691,280	6,536,425	6,495,028	6,354,069	6,291,997	6,404,901	6,375,186	6,330,705	6,302,965	6,267,535	5,659,731	5,219,351	4,933,735	4,414,440	4,370,957	3,367,128	3,302,497	3,117,219	2,742,997	2,625,155	2,094,616	1,977,068	1,684,702	3,125,190	2,320,331	2,392,329	567,201
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
Preferred Stock Total Equity	0	0	0	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	0	0	0	5,069,059	0	0	0	0	0	0	0	100,000	100,000	0	0	0
Property Plant And Equipment Gross	0	0	0	0	0	0	0	0	0	0	0	0	10,746,486	10,441,117	9,065,881	8,849,559	8,718,188	8,160,403	7,886,102	8,147,858	7,981,825	7,847,778	6,738,052	5,526,060	5,141,667	4,559,809	1,502,282
Property Plant And Equipment Net	725,978	404,861	407,285	383,799	386,034	0	0	0	0	0	0	0	10,746,486	10,441,117	9,065,881	8,849,559	8,718,188	8,160,403	7,886,102	8,147,858	7,981,825	7,847,778	6,738,052	5,526,060	5,141,667	4,559,809	1,502,282
Property Plant Equipment	0	19,496,442	17,715,599	17,818,807	17,622,212	16,752,119	16,507,008	15,925,028	15,555,641	15,688,744	15,817,194	11,959,168	0	10,441,117	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-816,152	-391,356	-625,911	-509,653	-760,523	-675,534	-712,343	-695,377	-780,952	-762,464	-108,552	-109,971	-53,080	-24,763	95,433	192,843	394,324	108,155	182,105	325,452	320,900	198,586	-17,669	-13,895	-10,893	-7,865	2,314
Retained Earnings Total Equity	0	0	-625,891	-509,653	-760,523	-675,534	-712,343	-693,694	-780,952	-762,464	-108,552	-109,985	0	-24,763	5,069,059	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	145,000	0	0	0	10,271,611	307,093	9,201,209	10,086,984	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	16,624,649	14,694,357	13,345,591	13,485,963	12,236,028	11,007,757	10,271,611	9,796,133	9,216,513	10,086,984	11,521,508	8,912,369	8,704,138	7,786,001	6,719,771	6,271,916	4,198,040	4,150,937	4,826,254	5,011,814	5,004,720	5,041,537	4,314,942	3,414,891	3,321,584	3,088,724	1,332,253
Short Term Debt	1,959,598	13,964,357	145,000	862,280	332,490	0	45,000	307,093	9,201,209	10,086,984	0	0	0	0	0	100,000	0	0	0	0	0	0	0	0	0	0	0
Short Term Investments	0	32,277	43,632	39,457	36,747	28,198	29,161	23,814	20,380	19,459	16,641	12,172	9,548	8,732	9,946	11,590	104,256	25,784	25,618	24,755	21,321	41,906	4,297	7,012	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,069,059	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	26,026,149	24,207,669	22,355,585	22,858,190	21,284,905	20,256,477	19,372,233	18,849,767	18,379,456	19,886,767	20,162,251	15,462,321	14,782,966	13,348,263	12,348,703	10,911,645	11,192,637	9,695,022	8,902,368	9,063,228	8,551,100	8,427,203	7,253,510	6,226,470	5,434,772	5,235,087	1,672,521
Total Current Assets	3,194,383	2,186,168	1,876,393	3,015,523	1,939,401	1,760,184	1,459,130	1,311,774	1,650,256	2,988,994	3,133,405	2,152,220	2,323,222	1,638,212	1,843,986	613,813	1,564,995	782,840	314,164	264,844	41,111	75,733	141,613	314,821	40,397	52,996	170,200
Total Current Liabilities	763,189	691,962	721,780	613,634	638,282	531,026	599,186	672,765	792,415	1,289,267	867,235	382,051	316,145	329,417	376,683	436,085	145,692	102,934	2,180	3,023	7,457	-7,380	1,084,000	1,064,000	1,321,000	1,213,000	64,500
Total Liab	17,833,785	15,837,237	14,312,789	14,511,681	13,262,304	12,042,509	11,269,777	10,919,719	10,492,529	11,983,831	13,118,633	9,827,467	9,369,450	8,384,070	7,279,644	7,380,378	6,869,920	5,848,288	5,245,754	5,340,827	5,320,804	5,423,032	4,654,697	3,701,028	3,595,246	3,207,372	1,396,837
Total Permanent Equity	0	0	0	0	0	0	8,102,456	7,931,924	0	0	0	0	0	0	5,069,059	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	5,885,080	6,132,919	5,834,020	5,996,083	5,684,687	5,883,171	5,813,957	5,784,615	5,709,435	5,697,298	5,741,153	5,097,065	4,865,998	4,372,643	4,446,002	3,531,267	3,668,825	3,223,226	2,917,346	2,936,073	2,400,163	2,159,590	1,754,073	1,647,727	1,057,564	948,481	175,048
Treasury Stock	0	0	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	0	0	0	0
Warrants	0	0	9,568	6,897	2,477,118	1,711,445	0	0	0	105,325	150,921	208,434	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
Accounts Payable	458,329	462,240	434,574	397,798	417,545	360,572	342,467	304,576	312,125	331,687	305,969	260,875	336,264	345,959	328,292	293,831	377,553	421,269	418,429	328,885	276,645	315,462	327,067	355,002	331,500	325,440	303,559	313,723	298,524	312,979	287,464	252,727	274,709	245,200	231,900	224,086	243,263	253,600	216,080	218,028	202,470	215,778	212,998	210,359	199,102	193,492	163,496	165,441	155,139	172,928	173,257	171,617	186,059	199,534	177,000	189,633	220,089	229,177	223,909	200,269	171,791	164,986	183,192	128,769	145,692	37,562	27,718	-4,096	102,934	7,974	-5,091	-8,406	2,180	81,730	-2,948	13,750	3,023	-2,818	440	20,836	7,457	-14,032	-34,731	-17,809	-7,380	-11,954	52,655	56,125	1,547	-7,289	61,248	58,542	57,338	-1,675	-5,890	5,893	16,652	0	0	0	-6,849	41,500	62,100	37,800	23,800	16,100	30,000
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-
Accumulated Other Comprehensive Income	8,383	2,866	-3,406	-18,214	-13,718	-15,991	-27,077	-28,485	-36,662	-40,803	-43,166	-45,139	-49,890	-52,622	-54,921	-55,700	-48,335	-51,996	-51,340	-48,734	-47,741	-45,137	-47,695	-49,062	-50,429	-51,796	-53,161	-50,983	-52,251	-73,943	-79,748	-56,706	-14,114	-20,625	1,848	-11,907	-9,304	-9,866	-10,429	-10,989	-11,556	-12,122	-12,689	-13,253	-13,817	-14,379	-14,978	-15,558	-16,138	-16,717	-17,294	-17,867	-18,436	-19,530	-20,155	-21,145	-21,777	-22,411	-28,464	-29,202	-29,916	-37,445	-41,868	-53,091	-29,191	-6,342	-3,338	-3,239	-3,323	-807	19,583	7,541	-8,881	-12,022	-15,288	-15,463	-15,637	-15,812	-15,986	-16,161	-16,335	-16,509	-16,684	-16,844	-17,018	-13,608	-13,695	-13,868	-13,868	-13,868	-13,868	-19,397	-11,745	-4,692	9,528	58,563	-470,591	0	0	0	-357,384	-335,800	-319,400	-306,300	-294,218	-285,500	-276,900
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	6,400,193	6,391,460	6,384,147	6,377,908	6,370,932	6,363,034	6,339,970	6,333,424	6,326,580	6,316,191	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,685,651	5,705,735	0	0	0	0	0	0	0	0	0	5,069,059	5,076,766	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	768,352	594,477	456,700	455,002	454,021	453,100	451,475	450,231	448,982	447,699	469,975	439,744	438,205	434,625	431,125	427,640	424,222	420,784	372,246	372,776	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Stock	1,569	1,569	1,569	1,568	1,568	1,568	1,567	1,567	1,565	1,562	1,561	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	6,568,645	6,561,161	6,549,314	6,539,147	6,532,299	6,524,997	6,509,663	6,497,750	6,415,802	6,405,916	6,392,923	6,356,791	6,348,076	6,340,665	6,321,475	6,294,719	6,274,792	6,278,961	6,414,612	6,407,623	6,400,193	6,391,460	6,384,147	6,377,908	6,370,932	6,363,034	6,339,970	6,333,424	6,326,580	6,316,191	6,306,723	6,305,687	6,300,780	6,293,556	0	6,270,257	5,684,649	5,679,578	5,668,230	5,662,453	5,250,174	0	0	5,222,073	0	0	0	0	4,916,440	4,846,003	4,771,659	4,417,162	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,612,567	882,647	1,581,575	918,952	690,333	375,774	456,491	436,271	452,692	1,002,728	557,307	697,369	1,668,742	1,714,783	1,691,047	660,733	644,950	751,210	1,087,001	360,091	543,359	322,502	472,555	294,571	434,767	493,055	492,435	302,939	356,914	419,323	1,180,044	1,605,678	723,718	1,387,007	1,342,751	1,064,396	1,763,079	846,664	1,036,576	1,179,573	2,365,137	1,641,275	1,608,731	909,376	1,041,978	1,223,215	1,671,997	591,196	1,823,208	1,063,024	780,584	1,052,997	478,948	1,270,074	1,703,448	1,220,392	1,448,933	782,106	819,245	143,789	241,510	55,597	112,110	852,283	1,506,921	1,894,198	1,885,318	2,016,336	725,788	1,049,026	1,264,640	32,214	261,496	450,577	507,182	209,307	239,344	213,873	227,698	182,151	22,686	37,621	158,587	384,418	55,275	28,793	81,640	71,007	98,067	161,011	165,764	241,819	280,957	12,430	6,319	18,335	12,035	50,000	32,000	34,000	12,166	15,500	109,000	391,400	17,560	26,000	136,700
Cash And Equivalents	0	882,647	1,581,575	918,952	690,333	375,774	456,491	436,271	452,692	1,002,728	557,307	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,612,567	882,647	1,581,575	918,952	690,333	375,774	456,491	436,271	452,692	1,002,728	557,307	697,369	1,668,742	1,714,783	1,691,047	660,733	644,950	751,210	1,087,001	360,091	543,359	322,502	472,555	294,571	434,767	493,055	492,435	302,939	356,914	419,323	1,180,044	1,605,678	723,718	1,387,007	1,342,751	1,064,396	1,763,079	846,664	1,036,576	1,179,573	2,365,137	1,641,275	1,608,731	909,376	1,041,978	1,235,007	1,683,033	602,389	1,832,756	1,072,336	790,559	1,062,797	487,680	1,277,985	1,710,474	1,227,984	1,458,879	792,542	830,418	153,197	253,100	71,757	132,482	1,028,629	1,611,177	1,996,686	1,978,262	2,108,291	725,788	1,132,511	1,264,640	32,214	261,496	488,077	532,182	209,307	239,344	213,873	227,698	182,151	22,686	37,621	158,587	384,418	55,275	28,793	81,640	71,007	102,364	165,308	170,061	247,879	287,969	26,495	34,602	91,358	12,035	50,000	32,000	34,000	12,166	15,500	109,000	391,400	17,560	26,000	136,700
Common Stock	1,569	1,569	1,569	1,568	1,568	1,568	1,567	1,567	1,565	1,562	1,561	1,561	1,557	1,556	1,556	1,553	1,548	1,546	1,546	1,545	1,545	1,544	1,544	1,544	1,543	1,543	1,543	1,538	1,538	1,538	1,537	1,536	1,536	1,536	1,535	1,534	1,531	1,531	1,531	1,530	1,530	1,524	1,524	1,516	1,516	1,509	1,507	1,494	1,481	1,476	1,464	1,451	1,402	1,401	1,393	1,390	1,389	1,387	1,385	1,213	1,212	1,199	1,198	1,197	1,195	1,193	1,190	1,190	1,175	1,166	1,142	1,128	1,125	1,125	1,114	1,104	1,103	1,090	1,082	1,064	982	976	970	959	954	953	915	911	908	907	904	897	866	693	680	680	679	0	0	0	635	0	0	0	387	0	-
Common Stock Shares Outstanding	157,276	156,880	157,218	157,043	157,112	157,133	157,192	157,004	156,654	156,598	156,519	156,099	155,731	155,670	155,407	155,258	154,992	154,820	154,874	154,844	154,773	154,678	154,571	154,705	154,526	154,483	154,331	154,214	153,991	154,136	153,860	153,917	153,897	153,786	153,815	153,873	153,550	153,273	153,238	153,169	152,932	152,692	152,490	151,952	151,401	151,983	150,694	148,746	148,343	147,622	146,695	142,504	142,095	140,193	139,826	139,597	138,931	139,225	125,620	121,468	121,256	121,369	121,315	121,022	119,536	120,655	120,984	120,647	118,177	117,728	116,176	115,157	112,509	114,090	113,103	112,364	110,187	110,581	109,016	103,490	100,890	99,183	98,213	96,755	95,733	96,181	93,016	92,783	90,932	92,828	92,274	91,171	88,688	70,661	69,582	68,380	67,943	68,484	66,337	64,078	64,103	63,250	62,500	54,444	54,444	38,056	39,565
Common Stock Total Equity	0	0	1,569	1,568	0	1,568	1,567	1,567	1,565	1,562	1,561	1,561	1,557	1,556	1,556	1,553	1,548	1,546	1,546	1,545	1,545	1,544	1,544	1,544	1,543	1,543	1,543	1,538	1,538	1,538	1,537	1,536	1,536	1,536	1,535	1,534	1,531	1,531	1,531	1,530	1,530	1,524	1,524	1,516	1,516	1,509	1,507	1,494	1,481	1,476	1,464	1,451	1,402	1,401	1,393	1,390	1,389	1,387	1,385	1,213	1,212	1,199	1,198	1,197	1,195	1,193	1,190	1,190	1,175	1,166	1,142	1,128	1,125	1,125	1,114	1,104	1,103	1,090	1,082	1,064	982	976	970	959	954	953	915	911	908	907	904	897	866	693	680	680	679	0	0	0	635	0	0	0	387	0	-
Current Deferred Revenue	304,860	0	-497,426	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	710,820	720,174	0	720,648	684,078	609,205	618,798	622,807	627,338	622,649	640,085	644,036	655,813	667,076	689,213	689,768	676,082	666,320	678,724	669,545	678,319	681,369	679,038	657,474	658,219	666,677	686,163	680,192	697,823	693,976	732,837	749,628	771,419	0	831,744	837,907	853,924	861,567	884,450	918,798	0	0	588,235	0	0	0	0	441,700	449,014	449,076	436,019	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	692,386	0	0	733,282	720,648	684,078	0	618,798	622,807	627,338	622,649	640,085	644,036	655,813	667,076	689,213	689,768	676,082	666,320	678,724	669,545	678,319	681,369	679,038	0	0	0	686,163	0	0	0	704,867	0	0	0	831,744	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
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	-
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	692,386	710,820	720,174	713,971	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Inventory	0	0	0	1,186,787	0	-107,538	-55,232	0	-57,811	-97,560	-46,946	-129,102	-33,840	-106,524	-56,768	-136,730	-41,685	-110,308	-68,701	-131,472	-80,943	-133,443	-85,972	-147,256	-77,971	-144,817	-93,985	-150,905	-129,666	-176,693	-144,222	-136,799	-185,118	-143,476	-117,993	-165,985	-164,432	-219,074	-133,035	-178,488	-184,477	-238,688	-179,741	-71,756	-90,610	0	0	0	0	0	0	-305,692	0	0	-375,672	-356,094	0	20,681	292,289	19,420	0	34,311	59,644	57,640	0	17,835	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	34,403	0	-
Liabilities And Stockholders Equity	26,026,149	24,739,148	25,341,680	24,625,422	24,207,669	23,726,691	23,266,433	22,475,634	22,355,585	22,848,810	22,059,076	22,213,552	22,858,190	22,959,215	23,000,777	21,829,698	21,284,905	21,288,575	21,268,275	20,501,604	20,256,477	20,137,498	19,961,163	19,583,939	19,372,233	19,308,518	19,281,762	18,966,627	18,849,767	18,789,899	18,963,965	19,175,830	18,379,456	18,980,263	19,113,959	19,179,071	19,886,767	18,875,160	18,898,533	18,979,568	20,162,251	19,519,708	19,466,550	15,623,279	15,462,321	15,141,943	15,280,629	14,212,857	14,782,966	13,980,798	13,884,212	13,835,473	13,348,263	13,048,836	12,787,701	12,251,342	12,348,703	11,631,777	11,580,664	10,871,936	10,911,645	10,873,334	10,387,925	10,349,487	11,192,637	10,985,621	10,994,602	11,085,740	9,695,022	9,777,509	9,710,516	8,690,401	8,902,368	9,183,888	9,124,624	9,097,991	9,063,228	9,012,414	8,982,267	8,837,035	8,551,100	8,408,655	8,276,209	8,408,754	8,427,203	8,481,315	7,358,671	7,301,392	7,253,510	7,193,521	7,093,296	6,310,079	6,226,470	5,611,117	5,539,054	5,716,317	5,434,772	5,354,800	5,018,800	4,935,700	5,235,087	3,459,300	2,637,900	2,515,900	1,672,521	1,295,600	1,110,000
Long Term Debt	15,856,297	14,961,715	15,456,205	14,709,436	14,240,336	13,492,871	13,487,773	3,268,745	12,751,609	13,378,350	12,536,065	12,536,264	13,047,758	13,048,161	13,048,579	11,811,224	11,811,806	11,838,738	11,846,241	11,005,558	11,007,757	10,719,702	10,721,878	10,224,313	10,226,611	10,234,634	10,236,639	9,781,845	9,796,133	9,808,922	9,934,084	10,160,366	9,216,513	9,909,796	10,047,459	10,066,696	10,086,984	10,655,750	10,738,609	10,757,135	11,521,508	11,354,369	11,545,545	8,871,518	8,912,369	8,650,858	8,896,207	7,960,626	8,455,152	7,950,363	7,941,643	7,937,264	7,786,001	7,444,886	7,229,300	6,674,899	6,372,389	6,008,990	5,957,696	6,112,800	5,997,257	6,111,463	5,503,889	5,527,832	4,893,560	5,409,268	5,619,602	5,736,139	4,559,445	4,733,323	4,833,401	4,696,713	4,678,524	4,921,867	4,898,757	5,011,016	4,732,785	5,016,069	4,994,703	4,910,761	4,557,962	4,920,343	4,819,282	4,980,113	4,215,724	5,466,692	4,415,724	4,361,233	4,032,803	4,245,433	4,177,670	3,450,347	3,220,944	3,453,135	3,395,068	3,530,399	0	0	0	0	0	0	0	0	0	0	-
Long Term Debt Total	0	15,214,893	15,708,079	14,960,003	14,489,671	13,492,871	13,487,773	3,268,745	13,141,030	13,378,350	12,536,065	12,536,264	13,047,758	13,048,161	13,048,579	11,811,224	11,811,806	11,838,738	11,846,241	11,005,558	11,007,757	10,719,702	10,721,878	10,224,313	10,226,611	10,234,634	10,236,639	9,781,845	9,796,133	9,808,922	9,934,084	10,160,366	9,216,513	9,909,796	10,047,459	0	10,086,984	10,655,750	10,738,609	10,757,135	11,521,508	11,354,369	0	0	8,912,369	0	0	0	0	7,950,363	7,941,643	7,937,264	7,786,001	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Long Term Investments	1,413,656	1,569,631	1,814,440	1,784,716	1,748,188	1,593,834	1,586,451	1,518,622	1,526,629	1,415,039	1,347,065	1,307,725	1,310,478	1,377,291	1,339,724	1,377,338	955,647	933,255	936,835	976,580	956,309	925,431	682,507	666,718	619,925	611,800	819,368	793,932	775,198	775,659	252,618	235,904	235,224	217,529	209,974	0	193,394	180,149	176,939	127,356	126,084	129,038	0	0	659,916	0	0	0	0	770,466	772,502	762,522	767,252	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-
Net Debt	15,012,082	14,673,545	14,331,330	14,245,486	14,004,024	13,910,197	13,647,757	13,024,084	12,892,899	12,823,321	12,448,733	12,278,639	11,817,221	11,768,003	11,788,657	11,828,131	11,591,078	11,508,312	11,131,486	11,018,243	10,464,398	10,567,200	10,249,323	10,044,742	9,836,844	9,741,579	9,744,204	9,583,906	9,439,219	9,389,599	8,754,040	8,554,688	8,492,795	8,522,789	8,704,708	9,002,300	8,323,905	9,809,086	9,702,033	9,577,562	9,156,371	9,893,094	9,936,814	7,962,142	7,870,391	7,427,643	7,224,210	7,369,430	6,880,930	6,887,339	7,161,059	6,884,267	7,307,053	6,174,812	5,525,852	5,454,507	5,270,838	5,226,884	5,138,451	5,969,011	6,030,406	6,055,866	5,391,779	3,380,364	2,691,119	2,221,996	2,442,262	2,428,818	3,425,149	3,234,297	3,118,761	7,890,049	4,564,758	4,471,290	4,391,575	4,801,709	4,772,470	4,802,196	4,767,005	4,728,610	4,982,034	4,882,722	4,660,695	4,595,695	4,986,262	4,437,899	4,334,084	4,290,226	4,216,875	4,084,422	4,011,906	3,208,528	3,133,934	3,440,705	3,388,749	3,512,064	3,309,549	3,227,800	2,909,500	2,976,800	3,076,558	1,931,900	1,218,600	945,200	1,314,693	959,600	670,600
Net Invested Capital	21,732,994	20,749,798	21,496,257	20,772,223	20,373,255	19,988,489	19,582,522	18,853,726	18,730,629	19,095,168	18,285,407	18,311,905	18,843,841	18,977,729	19,030,646	17,909,090	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	226,604	1,557,216	1,512,372	1,474,942	1,449,356	1,398,401	1,408,663	1,387,745	1,375,235	1,362,550	1,327,994	1,292,868	1,296,194	1,290,304	1,255,549	1,243,702	1,247,515	1,205,032	1,160,612	1,146,118	1,120,993	1,104,776	976,312	962,308	953,761	915,165	908,709	885,136	891,686	861,827	861,677	841,623	852,748	803,591	785,980	761,642	738,594	733,095	724,935	699,542	711,067	696,434	691,693	1,076,510	1,055,061	429,367	984,435	985,731	972,809	917,549	892,607	400,020	842,501	383,655	769,656	102,085	363,240	341,845	78,495	339,116	338,743	327,554	312,116	34,580	58,074	43,199	48,398	50,799	57,052	42,128	35,814	41,458	52,668	32,463	28,230	27,442	25,500	12,936	11,637	14,962	18,425	21,813	21,185	23,193	20,458	48,716	31,298	36,846	43,546	41,087	26,337	24,443	26,852	40,039	32,340	34,539	28,362	0	0	0	40,830	33,200	24,800	18,900	24,458	13,200	13,200
Net Tangible Assets	0	5,788,083	6,046,344	6,068,386	6,132,919	6,162,603	5,929,749	5,854,633	5,834,020	5,716,818	5,749,342	5,783,320	5,802,980	6,135,172	5,988,070	4,153,720	3,964,363	5,679,035	8,020,667	5,836,618	5,683,171	5,676,566	5,692,840	5,679,028	5,613,957	5,625,218	5,614,374	5,575,533	5,586,295	5,525,931	5,732,897	5,549,783	5,509,435	5,651,915	5,689,211	0	5,602,623	5,631,153	5,612,813	5,653,709	5,692,074	5,649,515	0	0	5,305,499	0	1,578,644	0	0	4,881,188	4,812,402	4,751,694	4,428,295	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,431,194	1,725,026	2,423,735	1,755,599	1,537,795	991,416	1,191,520	1,177,254	1,212,424	1,953,197	1,429,147	1,862,600	2,435,729	2,555,762	2,709,329	1,441,765	1,301,119	1,339,930	1,650,399	995,008	1,229,158	785,171	1,140,198	712,041	859,944	937,025	929,326	423,464	639,009	684,485	1,484,665	1,931,266	857,841	1,721,949	1,857,949	1,890,744	1,699,727	1,184,658	1,336,235	1,421,877	2,266,170	1,881,650	1,888,154	1,620,560	1,770,169	1,002,069	2,380,053	1,262,764	2,529,752	1,680,577	1,666,933	1,120,111	1,308,795	1,597,120	2,167,126	1,011,362	1,467,303	1,018,408	1,043,918	361,163	177,728	272,205	307,665	820,572	1,419,303	1,779,463	1,905,998	2,071,231	679,906	1,083,180	411,301	-3,143,472	311,984	438,810	563,360	222,999	261,821	229,627	238,895	176,277	33,654	73,466	214,503	425,420	83,113	-1,024,491	-974,360	-993,993	-942,387	-937,989	-910,236	-764,678	-749,179	-1,130,466	-1,141,058	-1,196,103	-1,280,603	-1,207,000	-1,030,000	-1,115,000	-1,580,004	-35,100	199,200	484,300	105,700	114,600	-
Non Current Assets Total	22,831,766	22,251,544	22,200,818	22,186,198	22,021,501	21,879,404	21,354,920	20,477,074	20,479,192	20,404,339	20,093,802	19,971,501	19,842,667	19,904,122	19,753,573	19,727,418	19,345,504	19,278,778	18,944,739	18,923,188	18,496,293	18,608,938	18,257,791	18,166,502	17,913,103	17,816,519	17,833,273	17,727,308	17,537,993	17,444,769	16,856,590	16,657,180	16,729,200	16,699,286	16,732,670	16,764,815	16,897,773	17,142,240	17,077,774	17,046,213	17,028,846	17,128,500	17,111,297	13,581,983	13,310,101	13,445,316	12,581,780	12,594,040	11,937,069	11,954,154	11,898,607	12,372,656	11,710,051	11,086,425	10,282,189	10,900,425	10,504,717	10,123,000	10,039,339	10,028,966	10,297,832	10,123,301	9,557,534	9,026,209	9,627,642	8,731,307	8,429,959	8,400,705	8,912,182	8,018,651	7,782,428	7,939,106	8,588,204	8,077,705	7,993,162	8,244,826	8,798,384	8,231,189	8,253,454	8,159,053	8,509,989	7,910,335	7,726,741	7,636,602	8,351,470	8,031,601	6,912,537	6,882,623	7,111,897	6,705,111	6,612,251	5,760,491	5,615,931	5,301,740	5,245,989	5,383,128	5,178,082	5,064,100	4,715,800	4,635,200	4,606,596	3,226,800	2,355,900	1,969,800	1,502,321	1,147,600	814,400
Non Current Liabilities Other	445,947	380,014	418,813	465,276	450,918	870,355	401,360	396,283	390,418	370,403	370,990	1,039,709	850,289	804,557	804,406	794,492	812,216	777,122	728,230	742,351	503,726	468,433	462,869	470,140	443,980	419,215	452,608	446,489	450,821	461,079	508,952	498,290	483,601	448,680	448,480	0	502,255	517,428	539,716	556,772	578,969	747,464	0	0	324,613	0	0	0	0	244,555	231,702	210,392	213,000	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	-
Non Current Liabilities Total	17,070,596	15,936,206	16,331,718	15,629,714	15,145,275	14,363,226	14,340,608	13,601,638	13,591,009	14,196,452	13,377,030	13,575,973	13,898,047	13,852,718	13,852,985	12,605,716	12,624,022	12,615,860	12,574,471	11,747,909	11,511,483	11,188,135	11,184,747	10,694,453	10,670,591	10,653,849	10,689,247	10,228,334	10,246,954	10,270,001	10,443,036	10,658,656	9,700,114	10,358,476	10,602,172	10,656,611	10,694,564	11,279,305	11,400,109	11,465,546	12,251,398	12,268,288	12,315,079	9,397,293	9,445,416	8,761,734	9,256,098	8,336,989	9,053,305	8,250,570	8,228,997	8,203,308	8,054,653	7,605,452	7,380,375	6,846,306	6,902,961	6,064,642	6,013,348	6,168,452	6,944,293	6,111,463	5,503,889	4,873,320	4,198,040	4,655,648	4,327,580	4,445,154	4,150,937	4,283,323	4,383,401	4,696,713	4,826,254	4,921,867	4,898,757	5,011,016	5,011,814	5,016,069	4,994,703	4,910,761	5,004,720	4,920,343	4,819,282	4,980,113	5,041,537	5,423,000	4,416,000	4,361,000	4,315,000	4,245,000	4,178,000	3,450,000	3,415,000	3,218,000	3,157,000	3,186,000	2,956,000	2,944,000	2,800,000	2,759,000	2,654,000	1,752,500	1,327,600	1,336,700	1,332,337	985,500	807,300
Non Currrent Assets Other	21,418,110	20,121,591	19,982,431	19,997,280	19,868,452	19,850,090	19,362,611	18,515,671	18,545,278	18,581,370	18,338,641	18,243,614	18,108,933	18,107,542	17,996,095	17,936,528	17,967,076	17,924,523	17,637,385	17,576,098	17,511,786	17,652,131	17,545,221	17,470,431	17,264,017	17,176,738	16,987,124	16,907,559	16,738,981	16,646,088	16,582,197	16,400,199	16,473,596	16,462,112	16,501,743	16,547,891	16,684,920	16,943,257	16,881,908	16,900,831	16,886,121	16,984,085	16,959,096	12,915,351	12,638,013	1,246,560	545,955	574,089	520,861	544,512	541,484	1,013,090	501,682	764,281	311,773	989,504	675,200	330,619	306,735	349,553	665,513	358,601	331,798	321,955	827,782	313,127	-8,429,959	-8,400,705	668,068	-8,018,651	-7,782,428	-7,939,106	611,895	-8,077,705	-7,993,162	-8,244,826	569,571	-8,231,189	-8,253,454	-8,159,053	439,378	-7,910,335	-7,726,741	-7,636,602	401,787	-8,031,601	-6,912,537	-6,882,623	275,360	-6,705,111	-6,612,251	-5,760,491	-5,615,931	-5,301,740	-5,245,989	-5,383,128	-5,178,082	-5,064,100	-4,715,800	-4,635,200	-4,606,596	0	-100	0	-3,104	-300	-
Noncontrolling Interest In Consolidated Entity	0	0	2,246,491	2,243,697	0	2,237,453	2,212,920	2,198,057	2,199,208	2,337,931	2,340,651	2,345,706	2,343,529	2,365,470	2,365,079	4,073,017	4,058,238	2,323,813	0	2,333,669	2,330,797	2,329,408	2,320,402	2,305,062	2,288,499	2,274,477	2,258,978	2,146,905	2,145,629	2,133,322	0	2,180,007	2,177,492	2,210,844	2,205,469	0	2,205,638	1,322,567	1,322,871	1,300,474	1,302,465	1,058,802	0	0	537,789	5,685,651	5,705,735	0	0	558,625	579,793	593,417	591,550	0	0	0	5,069,059	5,076,766	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	26,026,149	740,127	757,735	765,504	22,998,809	22,440,364	21,902,162	21,947,199	3,293,697	3,625,003	1,124,357	1,043,998	21,112,037	1,090,428	1,069,866	931,969	944,041	936,740	752,005	924,541	879,222	874,641	889,221	885,875	17,913,103	17,816,519	17,833,273	17,727,308	17,539,869	17,444,769	16,856,590	16,657,180	16,729,200	16,699,286	16,732,670	16,764,815	16,897,773	17,142,240	17,077,774	17,046,213	17,028,846	17,128,500	17,107,531	13,581,983	13,310,101	12,877,555	12,592,816	12,605,233	11,946,617	11,963,466	11,908,582	11,919,339	11,718,783	10,673,328	10,289,215	10,261,075	10,151,542	10,133,436	10,050,512	10,038,374	9,992,711	10,139,461	9,577,906	9,049,613	11,192,637	8,731,307	630,927	617,900	9,695,022	667,704	1,521,878	677,623	8,902,368	585,643	571,050	616,416	9,063,228	554,416	489,478	480,869	8,551,100	438,886	369,696	364,541	8,427,203	372,205	364,494	347,762	7,253,510	327,399	315,281	277,266	295,718	242,843	226,123	207,292	216,293	240,700	271,000	266,500	575,495	0	0	0	0	0	-
Other Current Assets	-1,839,171	-1,155,808	-1,822,542	-1,141,457	46,479	180,650	101,591	174,544	106,277	176,753	126,919	380,916	84,427	156,530	357,376	334,575	88,621	163,863	144,624	203,679	176,775	234,725	340,477	307,814	148,573	228,596	141,330	202,149	192,840	240,673	209,876	208,148	258,908	233,855	370,551	754,203	651,753	372,235	192,283	232,728	241,678	292,187	234,570	127,166	145,791	32,253	31,381	30,697	40,332	36,759	302,439	305,692	308,031	300,771	401,054	376,942	21,867	353,709	340,123	331,237	21,970	316,411	326,149	202,429	0	196,594	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	18,015	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	183,800	148,200	135,800	93,779	108,800	145,700
Other Current Liab	-1,959,598	300,338	282,553	-13,683,695	-13,689,940	262,837	267,758	261,730	264,655	257,147	277,104	247,678	277,370	259,896	266,351	253,414	260,729	248,598	254,708	254,523	254,381	257,927	236,107	235,394	222,686	229,534	215,604	397,132	374,241	347,666	335,246	334,657	517,706	313,828	291,440	299,426	1,046,004	294,662	268,444	293,450	664,765	293,780	254,101	210,377	182,949	501,066	155,300	190,612	161,006	173,139	145,415	171,089	143,358	165,757	161,386	149,922	156,594	261,192	273,498	281,538	164,294	312,842	339,534	373,937	-145,692	437,289	-27,718	4,096	-102,934	-7,974	5,091	-3,217,144	-2,180	-81,730	2,948	-13,750	-3,023	2,818	-440	-20,836	-7,457	14,032	34,731	17,809	7,380	1,113,954	1,003,345	1,008,875	1,082,453	1,106,289	1,014,752	978,458	1,006,662	1,198,675	1,213,890	1,316,107	1,304,348	1,257,000	1,062,000	1,149,000	1,639,849	31,100	20,700	24,000	40,700	17,300	13,100
Other Liab	0	386,802	0	0	457,531	424,240	409,291	0	399,986	379,178	379,970	407,644	418,981	375,536	379,284	372,706	396,359	363,419	355,984	369,575	503,726	468,433	462,869	470,140	443,980	419,215	452,608	446,489	450,821	461,079	508,952	498,290	483,601	448,680	448,480	483,762	502,255	517,428	539,716	556,772	578,969	567,464	556,730	316,683	324,613	309,004	308,354	324,826	293,515	244,555	231,702	210,392	213,000	104,914	95,423	115,755	127,538	131,193	126,560	133,662	173,750	167,646	187,104	221,432	232,705	198,314	201,406	229,666	239,084	236,350	246,042	98,296	154,123	137,526	132,427	134,716	92,464	92,741	93,945	85,807	88,558	79,117	76,448	77,655	95,599	85,407	76,710	84,100	70,006	85,105	72,410	76,717	51,926	60,831	52,497	55,553	0	0	0	0	0	0	0	0	0	0	-
Other Stockholder Equity	6,691,280	6,565,923	6,558,439	6,546,592	6,536,425	6,529,577	6,522,275	6,506,941	6,495,008	6,413,080	6,403,194	6,190,201	6,354,069	6,345,354	6,337,943	6,318,753	6,291,997	6,269,986	6,276,239	6,411,890	6,404,901	6,397,471	6,388,738	6,381,425	6,375,186	6,368,210	6,360,312	6,337,248	6,330,705	6,323,858	6,313,469	6,304,001	6,302,965	6,298,058	6,290,834	6,283,538	6,267,535	5,681,927	5,676,856	5,665,508	5,659,731	5,247,452	5,243,521	5,229,308	5,219,351	5,191,847	5,181,988	5,047,825	4,933,735	4,913,718	4,843,281	4,768,937	4,414,440	4,421,989	4,391,713	4,378,353	4,370,957	4,360,152	4,356,108	3,558,075	3,367,128	3,314,636	3,339,165	3,314,921	3,302,497	3,287,038	3,261,075	3,257,925	3,117,219	3,066,230	2,828,397	2,756,858	2,742,997	2,741,146	2,671,222	2,630,924	2,625,155	2,572,759	2,534,189	2,442,621	2,094,616	2,074,497	2,022,496	1,999,594	1,977,068	3,598,522	1,715,442	1,703,271	1,684,702	1,682,608	1,671,949	3,175,981	3,125,190	2,435,966	2,407,819	2,428,277	2,320,331	1,154,000	1,168,700	1,044,200	2,392,329	1,286,400	1,167,100	1,144,800	567,201	458,200	451,200
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	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	200,000	200,000	200,000	200,000	200,000	0	0	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	0	5,685,651	5,705,735	0	0	0	0	0	0	0	0	0	5,069,059	5,076,766	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	0	0	0	0	0	0	0	0	0	0	-
Property Plant And Equipment Gross	0	0	0	0	0	0	0	0	0	0	237,765	237,017	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,534,066	11,365,172	11,352,574	10,746,486	10,639,176	10,584,621	10,597,044	10,441,117	9,529,710	9,175,766	9,112,760	9,065,881	9,020,214	8,960,285	8,898,077	8,849,559	8,791,304	8,619,040	8,527,908	8,718,188	8,315,692	8,337,015	8,308,750	8,160,403	7,935,166	7,685,466	7,840,270	7,886,102	7,943,894	7,885,352	8,164,971	8,147,858	8,142,913	8,169,504	8,075,498	7,981,825	7,821,703	7,632,837	7,534,808	7,847,778	7,929,782	6,811,733	6,784,552	6,738,052	6,614,951	6,518,096	5,668,035	5,526,060	5,228,622	5,176,503	5,346,587	5,141,667	5,064,100	4,715,800	4,635,200	4,559,809	3,226,800	2,356,000	1,969,800	1,502,282	1,147,900	814,400
Property Plant And Equipment Net	0	560,322	403,947	404,202	404,861	405,440	405,858	406,749	407,285	407,930	408,096	381,160	383,799	384,355	384,906	385,451	386,034	386,625	337,108	338,458	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,534,066	11,365,172	11,352,574	10,746,486	10,639,176	10,584,621	10,597,044	10,441,117	9,529,710	9,175,766	9,112,760	9,065,881	9,020,214	8,960,285	8,898,077	8,849,559	8,791,304	8,619,040	8,527,908	8,718,188	8,315,692	8,337,015	8,308,750	8,160,403	7,935,166	7,685,466	7,840,270	7,886,102	7,943,894	7,885,352	8,164,971	8,147,858	8,142,913	8,169,504	8,075,498	7,981,825	7,821,703	7,632,837	7,534,808	7,847,778	7,929,782	6,811,733	6,784,552	6,738,052	6,614,951	6,518,096	5,668,035	5,526,060	5,228,622	5,176,503	5,346,587	5,141,667	5,064,100	4,715,800	4,635,200	4,559,809	3,226,800	2,356,000	1,969,800	1,502,282	1,147,900	814,400
Property Plant Equipment	0	19,868,096	19,598,101	19,539,375	19,496,442	25,192,376	18,445,459	18,313,215	17,715,599	17,700,899	17,575,434	17,873,023	17,818,807	17,741,337	17,668,420	17,518,173	17,622,212	17,511,072	17,229,710	17,116,764	16,752,119	16,849,143	16,780,930	16,641,806	16,507,008	16,374,447	16,234,920	16,089,977	15,925,028	15,789,203	0	15,569,424	15,555,641	15,569,008	15,612,331	0	15,688,744	15,886,276	15,894,949	15,860,776	15,817,194	15,826,599	0	0	11,959,168	0	0	0	0	10,639,176	10,584,621	10,597,044	10,441,117	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-816,152	-782,275	-516,550	-467,159	-391,356	-359,536	-567,016	-636,421	-625,911	-657,021	-612,247	-570,982	-509,653	-364,720	-302,511	-416,740	-760,523	-749,666	-710,592	-728,083	-675,534	-677,312	-649,747	-654,879	-712,343	-692,739	-694,320	-712,270	-695,377	-725,522	-702,361	-699,048	-780,952	-627,054	-711,239	-690,993	-762,464	-148,566	-176,929	-153,979	-108,552	246,206	192,492	-160,697	-109,971	-59,621	-34,463	-70,609	-53,080	-72,941	-69,537	-56,479	-24,763	58,051	70,426	78,645	95,433	111,463	115,027	117,082	192,843	366,482	399,502	401,410	394,324	1,065,993	904,417	881,733	108,155	749,940	720,322	173,129	182,105	104,559	404,635	314,907	325,452	334,736	336,704	319,890	320,900	322,530	327,222	325,114	198,586	-2,532	-16,152	-15,084	-17,669	-20,296	-19,193	-15,829	-13,895	-11,879	-11,670	-10,495	-10,893	0	-11,600	-16,800	-7,865	26,600	27,000	21,900	2,314	22,800	9,100
Retained Earnings Total Equity	0	0	-516,550	-467,159	0	-359,536	-567,016	-636,421	-625,891	-657,021	-612,247	-570,982	-509,653	-364,720	-302,511	-416,740	-760,523	-749,666	-710,592	-728,083	-675,534	-677,312	-649,747	-654,879	-712,343	-692,739	-694,320	-712,270	-693,694	-725,522	-702,361	-699,048	-780,952	-627,054	-711,239	0	-762,464	-148,566	-176,929	-153,979	-108,552	246,206	0	0	-109,985	5,685,651	5,705,735	0	0	-72,941	-69,537	-56,479	-24,763	0	0	0	5,069,059	5,076,766	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt	0	0	0	0	0	340,000	165,000	255,000	145,000	0	0	0	0	0	0	250,000	0	0	0	0	0	639	2,815	3,734	10,271,611	10,234,634	10,236,639	9,895,480	307,093	0	0	0	9,201,209	0	0	0	10,086,984	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	16,624,649	15,556,192	15,912,905	15,164,438	14,694,357	14,285,971	14,104,248	13,460,355	13,345,591	13,826,049	13,006,040	12,976,008	13,485,963	13,482,786	13,479,704	12,488,864	12,236,028	12,259,522	12,218,487	11,378,334	11,007,757	10,889,702	10,721,878	10,339,313	10,271,611	10,234,634	10,236,639	9,886,845	9,796,133	9,808,922	9,934,084	10,160,366	9,216,513	9,909,796	10,047,459	10,066,696	10,086,984	10,655,750	10,738,609	10,757,135	11,521,508	11,534,369	11,545,545	8,871,518	8,912,369	8,650,858	8,896,207	7,960,626	8,704,138	7,950,363	7,941,643	7,937,264	7,786,001	7,444,886	7,229,300	6,674,899	6,719,771	6,008,990	5,957,696	6,112,800	6,271,916	6,111,463	5,503,889	4,232,647	4,198,040	4,116,194	4,327,580	4,445,154	4,150,937	4,283,323	4,383,401	7,922,263	4,826,254	4,921,867	4,898,757	5,011,016	5,011,814	5,016,069	4,994,703	4,910,761	5,004,720	4,920,343	4,819,282	4,980,113	5,041,537	4,466,692	4,415,724	4,361,233	4,314,942	4,245,433	4,177,670	3,450,347	3,414,891	3,453,135	3,395,068	3,530,399	3,321,584	3,277,800	2,941,500	3,010,800	3,088,724	1,947,400	1,327,600	1,336,600	1,332,253	985,600	807,300
Short Term Debt	1,959,598	0	497,426	13,969,522	13,964,357	340,000	165,000	255,000	145,000	2,280,110	2,901,709	2,904,672	250,000	2,912,494	0	250,000	0	0	0	0	0	170,000	2,815	115,000	45,000	10,234,634	10,236,639	105,000	307,093	0	0	0	9,201,209	0	0	0	10,086,984	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100,000	100,000	0	0	0	0	0	0	0	0	0	0	3,225,550	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	195,000	0	0	0	0	-
Short Term Investments	0	0	33,481	32,099	32,277	30,040	31,457	36,032	43,632	41,517	41,476	39,002	39,457	34,934	32,848	28,101	36,747	34,375	33,411	32,052	28,198	31,376	30,063	29,353	29,161	27,981	26,781	25,817	23,814	23,022	21,775	21,077	20,380	19,645	20,953	588,218	19,459	18,834	18,927	18,026	16,641	15,377	54,829	55,410	12,172	11,792	11,036	11,193	9,548	9,312	9,975	9,800	8,732	7,911	7,026	7,592	9,946	10,436	11,173	9,408	11,590	16,160	20,372	176,346	104,256	102,488	92,944	91,955	25,784	83,485	894,244	23,715	25,618	37,500	25,000	25,613	24,755	24,137	27,888	25,666	21,321	27,992	18,187	20,804	41,906	28,200	22,776	4,297	4,297	4,297	4,297	6,060	7,012	14,065	28,283	73,023	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	5,685,651	5,705,735	0	0	0	0	0	0	0	0	0	5,069,059	5,076,766	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	26,026,149	24,739,148	25,341,680	24,625,422	24,207,669	23,726,691	23,266,433	22,475,634	22,355,585	22,848,810	22,059,076	22,213,552	22,858,190	22,959,215	23,000,777	21,829,698	21,284,905	21,288,575	21,268,275	20,501,604	20,256,477	20,137,498	19,961,163	19,583,939	19,372,233	19,308,518	19,281,762	18,966,627	18,849,767	18,789,899	18,963,965	19,175,830	18,379,456	18,980,263	19,113,959	19,179,071	19,886,767	18,875,160	18,898,533	18,979,568	20,162,251	19,519,708	19,466,550	15,623,279	15,462,321	15,141,943	15,280,629	14,212,857	14,782,966	13,980,798	13,884,212	13,835,473	13,348,263	13,048,836	12,787,701	12,251,342	12,348,703	11,631,777	11,580,664	10,871,936	10,911,645	10,873,334	10,387,925	10,349,487	11,192,637	10,985,621	10,994,602	11,085,740	9,695,022	9,777,509	9,710,516	8,690,401	8,902,368	9,183,888	9,124,624	9,097,991	9,063,228	9,012,414	8,982,267	8,837,035	8,551,100	8,408,655	8,276,209	8,408,754	8,427,203	8,481,315	7,358,671	7,301,392	7,253,510	7,193,521	7,093,296	6,310,079	6,226,470	5,611,117	5,539,054	5,716,317	5,434,772	5,354,800	5,018,800	4,935,700	5,235,087	3,459,300	2,637,900	2,515,900	1,672,521	1,295,600	1,110,000
Total Current Assets	3,194,383	2,487,604	3,140,862	2,439,224	2,186,168	1,847,287	1,911,513	1,998,560	1,876,393	2,444,471	1,965,274	2,242,051	3,015,523	3,055,093	3,247,204	2,102,280	1,939,401	2,009,797	2,323,536	1,578,416	1,760,184	1,528,560	1,703,372	1,417,437	1,459,130	1,491,999	1,448,489	1,239,319	1,311,774	1,345,130	2,107,375	2,518,650	1,650,256	2,280,977	2,381,289	2,414,256	2,988,994	1,732,920	1,820,759	1,933,355	3,133,405	2,391,208	2,355,253	2,041,296	2,152,220	1,696,627	2,698,849	1,618,817	2,845,897	2,026,644	1,985,605	1,462,817	1,638,212	1,962,411	2,505,512	1,350,917	1,843,986	1,508,777	1,541,325	842,970	613,813	750,033	830,391	1,323,278	1,564,995	2,254,314	1,933,716	2,067,135	782,840	1,091,154	406,210	73,672	314,164	520,540	560,412	236,749	264,844	226,809	239,335	197,113	41,111	59,434	179,772	407,611	75,733	77,509	81,640	71,007	141,613	161,011	165,764	272,322	314,821	66,534	66,942	125,897	40,397	50,000	32,000	34,000	52,996	232,500	282,000	546,100	170,200	148,000	295,600
Total Current Liabilities	763,189	762,578	717,127	683,625	691,962	963,409	775,225	821,306	721,780	588,834	583,073	508,553	613,634	605,855	594,643	797,245	638,282	669,867	673,137	583,408	531,026	743,389	563,174	705,396	599,186	554,974	519,163	815,855	672,765	660,645	622,710	587,384	792,415	559,028	523,340	523,512	1,289,267	548,262	484,524	511,478	867,235	509,558	467,099	420,736	382,051	694,558	318,796	356,053	316,145	346,067	318,672	342,706	329,417	365,291	338,386	339,555	376,683	490,369	497,407	481,807	436,085	477,828	522,726	502,706	145,692	474,851	27,718	-4,096	102,934	7,974	-5,091	3,217,144	2,180	81,730	-2,948	13,750	3,023	-2,818	440	20,836	7,457	-14,032	-34,731	-17,809	-7,380	1,102,000	1,056,000	1,065,000	1,084,000	1,099,000	1,076,000	1,037,000	1,064,000	1,197,000	1,208,000	1,322,000	1,321,000	1,257,000	1,062,000	1,149,000	1,633,000	267,600	82,800	61,800	64,500	33,400	43,100
Total Liab	17,833,785	16,698,784	17,048,845	16,313,339	15,837,237	15,326,635	15,115,833	14,422,944	14,312,789	14,785,286	13,960,103	14,084,526	14,511,681	14,458,573	14,447,628	13,402,961	13,262,304	13,285,727	13,247,608	12,331,317	12,042,509	11,931,524	11,747,921	11,399,849	11,269,777	11,208,823	11,208,410	11,044,189	10,919,719	10,930,646	11,065,746	11,246,040	10,492,529	10,917,504	11,125,512	11,180,123	11,983,831	11,827,567	11,884,633	11,977,024	13,118,633	12,777,846	12,782,178	9,818,029	9,827,467	9,456,292	9,574,894	8,693,042	9,369,450	8,596,637	8,547,669	8,546,014	8,384,070	7,970,743	7,718,761	7,185,861	7,279,644	6,555,011	6,510,755	6,650,259	7,380,378	6,589,291	6,026,615	6,030,538	6,869,920	5,884,119	6,100,215	6,221,194	5,848,288	5,214,564	5,316,205	5,016,560	5,245,754	5,624,003	5,267,174	5,383,987	5,340,827	5,328,883	5,322,106	5,237,720	5,320,804	5,197,382	5,085,147	5,239,749	5,423,032	5,720,790	4,746,431	4,696,475	4,654,697	4,596,938	4,501,636	3,765,650	3,701,028	3,740,676	3,667,426	3,799,409	3,595,246	3,419,900	3,079,700	3,140,200	3,207,372	2,020,100	1,410,400	1,398,500	1,396,837	1,018,900	850,400
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8,205,974	8,213,242	8,184,090	8,102,456	8,099,695	8,073,352	7,922,438	7,931,924	7,859,253	7,898,219	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,685,651	5,705,735	0	0	0	0	0	0	0	0	0	5,069,059	5,076,766	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,885,080	5,788,083	6,040,052	6,062,787	6,132,919	6,155,618	5,929,749	5,843,602	5,834,020	5,716,818	5,749,342	5,775,641	5,996,083	6,129,568	6,182,067	6,047,866	5,684,687	5,669,870	5,715,853	5,836,618	5,883,171	5,876,566	5,892,840	5,879,028	5,813,957	5,825,218	5,814,374	5,775,533	5,784,615	5,725,931	5,732,897	5,749,783	5,709,435	5,851,915	5,782,978	5,782,172	5,697,298	5,725,026	5,691,029	5,702,070	5,741,153	5,683,060	5,624,848	5,256,874	5,097,065	5,119,356	5,134,054	4,963,152	4,865,998	4,825,536	4,757,914	4,696,042	4,372,643	4,461,911	4,443,377	4,437,243	4,446,002	4,450,591	4,444,056	3,647,168	3,531,267	3,644,872	3,697,997	3,664,437	3,668,825	4,347,882	4,163,344	4,137,609	3,223,226	3,816,529	3,569,444	2,938,656	2,917,346	2,834,808	3,061,683	2,931,472	2,936,073	2,892,773	2,855,989	2,747,414	2,400,163	2,381,494	2,334,004	2,308,823	2,159,590	1,956,296	1,786,510	1,775,230	1,754,073	1,749,351	1,739,792	1,722,854	1,647,727	1,096,076	1,074,177	1,108,082	1,057,564	1,154,000	1,157,100	1,027,400	948,481	977,200	874,700	860,400	175,048	195,500	183,400
Treasury Stock	0	0	-2,722	-2,722	0	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	-2,722	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Warrants	0	0	6,292	5,599	0	6,985	7,931	11,031	9,568	8,775	8,980	7,679	6,897	5,604	6,003	1,645,709	2,477,118	2,342,353	2,324,238	1,710,608	1,711,445	1,711,028	1,699,181	1,685,715	0	0	0	0	0	0	0	0	0	0	106,233	0	105,325	106,127	121,784	151,639	150,921	166,455	0	0	208,434	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Begin Period Cash Flow	736,812	501,158	1,719,329	691,886	639,191	505,369	356,914	723,718	1,763,079	2,365,137	1,041,978	1,823,208	478,948	1,448,933	241,510	1,506,921	725,788	261,496	239,344	22,686	55,275	98,067	280,957	12,035	12,166	17,560	8,998
Capital Expenditures	484,536	398,093	13,614	2,551	432,387	652,802	1,022,360	812,435	404,162	612,783	848,903	1,272,091	445,997	860,519	442,844	575,974	1,132,594	642,024	394,757	277,684	422,273	1,432,302	1,322,565	604,164	663,841	1,697,449	554,611
Cash And Cash Equivalents Changes	0	0	-1,218,171	1,027,443	52,695	133,822	77,853	-366,804	-1,039,361	-602,058	1,323,159	-781,230	0	-969,985	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	20,811	-12,488	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	875,755	235,654	-1,218,171	1,027,443	52,695	133,822	77,853	-366,804	-1,039,361	-602,058	1,323,159	-781,230	1,344,260	-969,985	1,207,423	-1,265,411	781,133	464,292	22,152	216,658	-32,589	-42,792	-182,890	268,922	-131	-5,394	19,072
Change In Working Capital	-162,899	-207,589	-224,086	-109,970	-230,474	-121,196	-295,685	-102,151	-259,255	-178,396	-67,079	-105,203	-181,607	-205,578	-71,807	-113,405	-50,092	-118,248	-124,317	-149,066	-46,337	-66,223	-17,869	-29,044	3,185	7	-17,947
Change Receivables	0	0	-4,820	-22,550	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	-131,009	-7,621	4,820	22,550	-24,876	29,204	2,433	3,688	-46,326	12,869	-443	23,155	19,396	0	-1,844	0	-31,522	-56,887	-97,937	-72,560	-53,279	24,135	-29,550	-13,501	-37,000	-36,100	-5,300
Change To Inventory	0	0	-186,081	-48,689	-100,943	-21,011	-212,365	-27,679	-97,939	-99,525	-23,631	-65,663	0	0	0	0	13,178	-5,234	-25,219	-10,364	-733	27,351	22,725	-25,595	25,391	-6,556	-17,702
Change To Liabilities	0	-22,777	20,025	-4,059	12,627	1,353	10,482	15,666	-6,310	3,903	34,410	7,210	13,438	0	23,774	18,407	10,879	0	1,389	0	26,224	19,277	32,746	0	0	0	0
Change To Netincome	0	-111,161	501,295	138,149	529,166	437,682	344,964	466,897	-507	169,496	-63,514	310,810	0	185,566	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-78,964	-146,838	-31,343	-161,412	-108,078	-258,495	-95,704	-132,708	-137,269	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	830,813	752,202	720,852	685,985	680,176	645,649	617,547	694,403	639,542	628,573	565,397	454,044	439,184	338,371	321,681	304,147	288,978	276,759	267,641	252,941	210,477	186,429	150,163	133,150	120,059	75,418	38,773
Dividends Paid	-687,809	-685,019	-683,753	-688,904	666,294	587,628	526,578	671,626	1,226,199	840,264	451,118	372,899	332,597	328,051	357,328	1,235,767	1,143,470	391,613	702,989	342,815	313,811	297,331	276,538	209,723	181,493	127,307	17,026
End Period Cash Flow	1,612,567	736,812	501,158	1,719,329	691,886	639,191	434,767	356,914	723,718	1,763,079	2,365,137	1,041,978	1,823,208	478,948	1,448,933	241,510	1,506,921	725,788	261,496	239,344	22,686	55,275	98,067	280,957	12,035	12,166	28,070
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	816,984	884,306	1,119,613	1,154,289	748,778	1,150,245	907,445	224,439	799,411	695,553	777,926	642,949	160,331	-484,626	174,532	-15,066	-503,216	-114,045	77,492	151,822	66,002	-994,922	-903,162	-264,500	-360,475	-1,482,162	-495,542
Investments	-1,165,160	-1,602,802	-342,742	-358,810	-204,548	-656,108	-90,015	-731,107	-159,826	-158,344	118,879	-145,603	0	-43,255	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	24,214	3,277	13,710	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	1,334,557	-1,396,593	1,220,541	760,767	706,611	573,692	640,799	-53,770	-1,276,037	705,779	3,750	0	146,775	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	190,215	1,020,584	631,932	1,018,691	651,999	712,563	562,481	569,977	799,918	526,057	711,670	295,262	313,826	190,327	274,499	125,232	1,324,690	873,635	438,292	284,017	365,322	444,937	208,032	153,431	119,776	93,112	39,756
Other Cashflows From Financing Activities	2,509,126	2,371,076	3,346,893	-61,008	-262,989	-60,135	-53,038	-59,644	-274,253	1,513,756	657,798	983,400	6,190	-42,274	-13,856	-80,618	794,064	759,309	994,977	120,699	1,457,921	2,319,044	81,076	610,813	237,900	-2,408	-54,968
Other Cashflows From Investing Activities	0	613,433	-323,956	43,193	-456,844	-252,997	-569,364	-369,310	367,019	-13,689	342,037	61,963	10,000	-267,500	0	0	3,232	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	2,194,330	-334,824	23,368	23,384	22,254	21,303	-1,284	-35,052	-42,271	-39,343	-383,342	43,131	49,361	50,830	52,167	41,936	-934,198	-504,167	-109,367	41,614	-41,187	-127,763	79,077	82,127	60,346	46,750	-1,513
Sale Purchase Of Stock	1	-352	-200,000	1,513,125	1,928,106	-730	3,727,935	-271	-633	-17,373	-43,404	-18,329	2,026,325	1,811,911	807,446	2,698,594	1,357,369	0	-1,846	308,517	-69,028	0	-2,722	1,160,390	1,003,525	1,968,860	453,000
Stock Based Compensation	51,478	52,026	50,860	44,142	40,958	40,117	35,361	32,911	29,183	28,099	45,155	29,679	29,672	32,852	26,636	23,106	0	0	0	0	2,220	1,187	578	0	0	0	0
Total Cash From Financing Activities	523,375	556,057	-1,311,442	484,322	-113,379	82,453	68,222	-74,621	-1,558,546	-632,487	1,077,873	-146,147	828,028	-184,604	1,036,648	-510,643	-425,176	-293,443	-806,702	-41,834	-618,360	537,111	701,329	502,621	354,230	1,958,534	512,590
Total Cash From Operating Activities	1,301,520	1,282,399	1,133,227	1,156,840	1,181,165	1,150,245	907,445	1,036,874	799,411	695,553	777,926	642,949	606,328	375,893	617,376	560,908	629,378	527,979	472,249	429,506	488,275	437,380	419,403	339,664	303,366	215,287	59,069
Total Cashflows From Investing Activities	0	-1,602,802	-1,039,956	-613,719	-1,015,091	-1,098,876	-897,814	-1,329,057	-280,226	-665,124	-532,640	-1,278,032	-90,096	-1,161,274	-446,601	0	576,931	229,756	356,605	0	97,496	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
Begin Period Cash Flow	930,388	1,628,490	964,282	736,812	448,886	502,850	482,343	501,158	1,081,921	637,280	0	1,719,329	1,764,789	1,991,655	858,578	691,886	804,765	1,162,924	432,298	639,191	423,784	727,060	455,129	505,369	493,055	492,435	302,939	356,914	419,323	1,180,044	1,605,678	723,718	1,387,007	1,342,751	1,064,396	1,763,079	846,664	1,036,576	1,179,573	2,365,137	1,641,275	1,608,731	909,376	1,041,978	1,223,215	1,671,997	591,196	1,823,208	1,063,024	780,584	747,305	478,948	1,270,074	1,703,448	1,220,392	1,448,933	782,106	819,245	143,789	241,510	55,597	112,110	794,643	1,506,921	1,894,198	1,885,318	2,016,336	725,788	1,049,026	370,396	32,214	261,496	450,577	507,182	209,307	239,344	213,873	227,698	182,151	22,686	37,621	158,587	384,418	55,275	28,793	81,640	71,007	98,067	161,011	165,764	241,819	280,957	12,430	6,319	18,335	12,035	50,400	4,000	82,900	12,200	531,200	0	647,300	17,600	210,000	0
Capital Expenditures	120,312	46,790	107,812	107,008	145,352	91,619	79,143	30,391	15,874	156,310	563,405	455	219,967	216,165	74,976	13,003	260,081	399,920	186,170	195,635	27,571	205,203	285,381	134,647	255,620	260,952	256,906	248,882	247,865	158,201	307,177	99,192	3,832	223,225	195,579	18,474	173,195	141,765	151,737	146,086	81,765	22,833	312,161	432,144	973,859	178,383	71,847	723,629	169,911	84,338	76,897	114,851	416,801	191,825	132,486	119,407	118,641	127,700	105,135	91,368	110,409	234,945	139,111	91,509	418,493	92,015	116,265	505,821	262,101	157,783	155,042	67,098	149,346	90,837	87,716	66,858	60,175	60,565	85,194	71,750	187,902	94,796	82,340	57,235	72,236	1,159,357	84,177	116,532	164,070	128,511	888,512	141,472	291,645	112,013	99,865	100,641	109,441	376,200	80,600	97,600	529,149	624,900	232,300	311,100	188,511	341,200
Cash And Cash Equivalents Changes	0	0	664,208	227,470	0	-53,964	20,507	-18,815	-580,763	444,641	-311,903	-770,146	-45,460	-226,866	1,133,077	166,692	-112,879	-358,159	730,626	-206,893	215,407	-303,276	271,931	-50,240	-58,288	620	189,496	-53,975	0	-760,721	-425,634	881,960	0	0	0	0	916,415	-189,912	-142,997	-1,185,564	0	0	0	0	0	0	0	0	0	282,440	33,279	268,357	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-73,004	97,762	0	52,430	-78,057	71,731	-40,208	46,897	-82,229	96,351	-12,488	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	682,179	-698,102	664,208	227,470	287,926	-53,964	20,507	-18,815	-580,763	444,641	-398,978	-679,936	-45,460	-226,866	1,133,077	166,692	-112,879	-358,159	730,626	-206,893	215,407	-303,276	271,931	-50,240	-58,288	620	189,496	-53,975	-62,409	-760,721	-425,634	881,960	-663,289	44,256	278,355	-698,683	916,415	-189,912	-142,997	-1,185,564	723,862	32,544	699,355	-132,602	-181,237	-448,782	1,080,801	-1,232,012	760,184	282,440	33,279	268,357	-791,126	-433,374	483,056	-228,541	666,827	-37,139	675,456	-97,721	185,913	-56,513	-682,533	-712,278	-387,277	8,880	-131,018	1,290,548	-323,238	678,630	338,182	-229,282	-189,081	-56,605	297,875	-30,037	25,471	-13,825	45,547	159,465	-14,935	-120,966	-225,831	329,143	26,482	-52,847	10,633	-27,060	-62,944	-4,753	-76,055	-39,138	268,527	6,111	-12,016	6,300	-38,365	286,800	4,000	70,700	898,734	531,200	-101,100	629,700	155,690	210,000
Change In Working Capital	31,292	-74,539	6,687	-126,339	4,125	-84,343	18,967	-146,338	3,616	-116,226	61,078	-172,554	87,351	-86,711	87,753	-198,363	780	-107,840	10,618	-134,032	46,396	-110,132	23,057	-80,517	3,339	-93,749	-176,361	-28,914	-587	-102,182	-31,716	32,334	-77,356	-105,967	-22,819	-53,113	-15,849	-97,629	-59,047	-5,871	13,391	-28,200	-79,403	27,133	-38,935	-64,952	-54,664	53,348	-31,843	-56,441	-43,381	-49,942	-53,764	-39,076	-16,320	-96,418	5,383	-37,417	24,502	-64,275	12,019	-34,560	-23,598	-67,266	-1,747	-24,862	14,783	-38,266	-27,089	-40,897	13,947	-64,209	9,805	-52,676	-19,761	-61,685	-23,500	-56,954	-23,179	-45,433	11,821	-43,557	7,885	-22,486	-11,957	-13,755	-30,632	-9,879	2,296	-3,502	-19,952	3,289	-9,594	-3,709	-15,174	-567	-13,415	44,800	-17,400	-10,800	-1,093	-25,400	7,100	19,400	-12,647	-7,200
Change Receivables	0	0	3,797	-7,518	0	6,034	7,468	-17,635	8,918	3,372	8,910	-26,020	-22,550	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-45,352	-17,188	-3,797	7,518	-11,754	-6,034	-7,468	17,635	-8,918	-3,372	-8,910	26,020	4,007	27	732	17,784	-4,199	-9,163	2,486	-14,000	27,626	-31,434	10,222	22,790	-10,095	10,495	-16,990	19,023	-18,447	8,172	-11,055	25,018	-26,475	-11,263	-7,415	-1,173	-3,385	8,138	-13,536	21,652	-4,071	10,646	-17,708	10,690	-23,155	-28,680	-30,120	3,420	19,396	-13,097	-16,346	-6,073	0	-2,922	-10,548	267	-1,844	-17,871	-5,714	0	15,143	0	0	-15,143	-5,996	-6,591	8,240	-27,175	-7,575	-33,864	20,202	-35,650	-8,145	-32,164	-3,922	-53,706	-15,232	-36,022	8,979	-30,285	13,515	-46,731	4,905	-24,968	64,713	-31,663	6,620	-15,535	-1,427	-9,255	-21,004	2,136	6,837	-19,275	-6,239	5,176	-32,200	22,900	-18,500	-9,200	-27,400	-8,400	0	-300	-11,300	0
Change To Inventory	0	-73,733	7,399	0	0	0	0	0	43,838	-122,342	52,804	-160,381	122,827	-99,951	78,214	-149,779	65,979	-90,079	25,027	-101,870	65,147	-60,328	31,969	-57,799	47,144	-84,530	-160,315	-14,664	52,135	-97,256	-13,010	30,452	-27,000	-52,747	1,649	-19,841	23,823	-102,054	-6,087	-15,207	36,513	-30,661	-56,327	26,844	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-47,146	0	0	-16,145	6,633	4,964	24,867	-23,286	12,034	-18,509	33,530	-32,289	14,547	-28,371	15,191	-26,586	6,813	-18,732	12,050	-10,495	24,769	-2,962	2,820	-25,360	26,533	-3,563	11,904	-7,523	23,670	-2,675	-6,901	8,631	1,052	-10,736	-4,097	-11,814	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	34,594	14,825	-8,505	-25,944	21,803	13,164	-31,800	-6,072	19,997	27,678	-21,578	-4,059	28,766	28,098	-48,591	-19,840	15,009	17,200	258	-5,001	16,253	4,014	-13,913	10,482	10,469	13,698	6,475	69,213	61,094	41,025	25,983	20,544	34,447	9,043	17,563	3,903	18,668	0	12,416	34,410	44,268	3,421	28,986	7,210	35,390	0	32,636	13,438	32,569	0	16,609	0	0	0	0	23,774	0	6,739	0	18,407	7,205	654	0	10,879	0	10,864	0	0	0	0	0	1,389	0	0	0	0	0	0	0	26,224	16,167	8,758	2,277	19,277	6,714	0	0	32,746	25,400	10,669	1,122	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	279,645	242,989	128,382	45,154	-124,897	129,906	42,533	123,083	87,133	61,549	23,916	349,512	110,091	80,495	-401,949	185,364	112,818	154,909	76,075	194,377	59,336	174,503	9,466	182,530	72,730	-41,262	130,966	-17,363	88,130	117,814	132,758	-163,982	0	0	0	14,451	9,709	88,883	56,453	0	0	0	0	0	0	0	0	0	72,307	88,079	84,090	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-62,720	20,005	20,005	63,630	-72,745	32,749	32,749	45,997	-97,860	72,468	-167,443	106,556	-72,923	75,167	-140,143	61,929	-131,706	12,960	-104,595	25,927	-99,191	28,261	-63,075	-250,245	-98,049	-162,879	-23,691	-93,378	-66,150	23,571	34,519	-132,708	0	0	0	-137,269	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	212,067	208,008	202,854	209,386	198,914	191,111	184,024	178,153	177,829	179,657	184,538	178,828	168,580	166,995	178,733	171,677	170,488	166,470	178,019	165,199	165,439	157,996	156,417	165,797	154,259	152,164	151,919	159,205	178,032	203,748	153,175	159,448	164,460	153,015	167,844	154,223	162,430	157,245	154,628	154,270	155,409	154,193	134,604	121,191	121,061	111,360	111,886	109,737	109,181	109,495	111,080	109,428	92,763	81,133	81,400	83,075	79,125	78,181	87,005	77,370	79,766	75,321	74,389	74,671	71,655	71,616	74,621	71,086	70,452	71,548	67,912	66,847	66,353	65,907	67,219	68,162	68,735	66,560	60,853	56,793	56,329	53,455	50,742	49,951	54,155	45,534	43,796	42,944	40,230	38,518	36,675	34,740	36,088	32,436	32,395	32,231	31,759	31,100	29,400	27,800	126,618	-21,500	-16,600	-13,100	48,873	-9,300
Dividends Paid	-172,835	-171,649	-172,055	-171,270	171,533	171,535	171,463	170,488	170,372	170,264	171,551	171,566	172,332	172,333	172,275	171,964	166,667	166,666	166,599	166,362	166,364	140,510	140,466	140,288	131,678	131,679	131,666	131,555	114,364	114,361	114,334	328,567	114,180	114,179	114,156	883,684	113,950	113,702	116,282	496,330	113,678	113,989	112,511	110,940	93,905	93,725	92,957	92,312	82,496	85,271	83,388	81,442	84,798	80,208	81,594	81,451	77,396	81,240	99,290	99,402	82,861	108,820	107,696	936,390	96,339	96,262	105,369	845,500	95,578	94,599	94,665	106,771	429,992	94,104	89,464	89,429	88,584	88,384	85,108	80,739	79,822	80,197	76,919	76,873	76,551	75,391	72,857	72,532	72,268	72,003	66,158	66,109	56,800	56,345	48,617	47,961	50,993	46,700	41,200	42,600	38,707	33,800	32,300	22,500	0	0
End Period Cash Flow	1,612,567	930,388	1,628,490	964,282	736,812	448,886	502,850	482,343	501,158	1,081,921	-398,978	-679,936	1,719,329	1,764,789	1,991,655	858,578	691,886	804,765	1,162,924	432,298	639,191	423,784	727,060	455,129	434,767	493,055	492,435	302,939	356,914	419,323	1,180,044	1,605,678	723,718	1,387,007	1,342,751	1,064,396	1,763,079	846,664	1,036,576	1,179,573	2,365,137	1,641,275	1,608,731	909,376	1,041,978	1,223,215	1,671,997	591,196	1,823,208	1,063,024	780,584	747,305	478,948	1,270,074	1,703,448	1,220,392	1,448,933	782,106	819,245	143,789	241,510	55,597	112,110	794,643	1,506,921	1,894,198	1,885,318	2,016,336	725,788	1,049,026	370,396	32,214	261,496	450,577	507,182	209,307	239,344	213,873	227,698	182,151	22,686	37,621	158,587	384,418	55,275	28,793	81,640	71,007	98,067	161,011	165,764	241,819	280,957	12,430	6,319	18,335	12,035	286,800	4,000	82,900	898,734	531,200	-101,100	647,300	155,690	210,000
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	266,836	347,979	271,361	127,002	224,644	204,145	318,006	219,490	330,494	226,383	408,413	151,608	154,450	228,151	379,075	175,197	361,373	254,188	358,370	207,234	379,618	209,781	335,068	225,778	314,733	220,434	125,748	246,530	45,224	159,634	235,171	348,980	190,533	165,802	241,630	201,446	225,876	160,684	184,784	124,209	227,505	215,583	97,409	237,429	1,153,122	-45,777	89,972	-554,368	-6,442	68,420	80,920	17,433	-373,762	-69,475	17,924	-59,313	50,819	3,279	101,666	18,768	87,540	-121,348	7,437	11,305	-242,238	49,252	70,415	-380,645	-117,159	-31,456	18,693	15,877	18,230	8,860	33,613	16,789	65,667	32,513	37,532	16,110	-38,657	-5,609	61,292	48,976	53,554	-1,047,035	7,989	-9,430	-65,177	-9,812	-795,921	-32,252	-196,155	-24,603	-19,407	-24,335	-33,075	-274,900	-18,000	-34,500	-461,362	-594,200	-174,200	-252,400	-155,342	-319,500
Investments	-318,103	-46,790	-93,757	-129,763	-289,582	-81,812	-69,534	-66,704	-47,997	-132,920	-3,347	-90,060	-85,936	-105,222	-16,684	-150,968	-82,387	-60,074	20,035	-82,122	-131,822	-374,531	-53,457	-96,298	-71,941	132,145	-201,029	50,810	-500,809	50,827	183,327	-66,392	-682,589	0	0	0	-28,984	-26,677	-70,146	-32,537	0	0	0	0	0	0	0	0	0	-23,458	-36,067	-6,178	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,186	448	63	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-500,000	741,601	1,193,787	409,557	175,000	638,129	109,641	-1,714,663	-161,444	-3,302	489,931	-4,373	-5,269	984,406	245,777	-32,192	-38,655	837,445	-5,831	97,511	164,515	380,381	64,204	32,968	-5,810	447,052	99,482	656,920	-116,515	-219,779	981,987	-52,260	0	0	0	-539,455	-69,823	-5,590	-661,169	0	0	0	0	0	0	0	0	0	-5,318	-12,100	-9,453	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	119,925	-103,543	136,184	105,628	155,723	420,661	267,243	176,957	223,285	139,250	141,250	128,147	24,905	118,060	298,580	577,146	176,009	141,370	203,461	131,159	185,241	150,445	160,565	216,312	132,203	147,704	167,010	115,564	164,894	71,504	117,357	216,222	166,738	323,271	100,739	209,170	211,425	150,975	95,901	67,756	79,931	83,988	506,761	40,990	20,403	66,103	134,746	74,010	115,443	80,451	69,738	48,194	-12,756	68,089	72,487	62,507	62,746	77,650	80,073	54,030	-91,234	48,479	79,526	88,461	124,218	242,542	103,623	854,307	72,642	108,389	624,867	67,737	153,891	57,677	165,482	61,242	62,347	68,609	87,013	66,048	60,255	56,642	63,380	185,045	259,844	71,481	56,604	57,008	56,928	53,168	50,686	47,250	45,248	39,040	36,523	32,620	35,976	29,100	28,900	25,800	21,812	25,300	26,400	19,600	24,856	13,800
Other Cashflows From Financing Activities	647,322	-6,928	1,469,526	1,180,322	819,045	524,857	863,324	163,850	-248,920	-23,485	-24,062	-25,274	-17,865	-10,570	-20,688	-11,885	-9,445	-32,227	-201,390	-19,927	-40,224	-3,147	-1,325	-15,439	-5,546	40,184	-41,598	-5,656	-11,586	-19,137	-10,448	-18,473	-25,022	-219,401	-18,631	-11,365	1,536,331	-9,770	-6,423	-4,693	672,777	-8,001	-10,753	3,775	-3,692	-2,413	1,127,589	109,102	15,293	3,810	487,789	347,321	-55,144	279,967	698,791	1,464	-10,039	-684	-3,008	-125	615,620	-53,714	697,781	-2,027	-2,043	-1,702	-27,630	825,439	59,888	-174,264	506,322	130,476	44,464	2,346	1,465	33,951	132,532	834	-7,396	-5,271	41,817	101,963	-78,177	-7,562	643,846	105,988	-11	-32	11,410	-2,483	14,991	57,158	626,714	-1,845	-4,001	239,338	240,900	-1,000	-100	-1,900	-2,208	514,800	76,100	-100	194,956	297,600
Other Cashflows From Investing Activities	0	-151,719	-115,649	-119,682	613,433	390,985	-4,921	-64,916	57,148	-145,527	-206	-119,496	-103,662	-111,867	142,393	116,329	-144,903	-169,080	-77,248	-65,613	101,815	-115,496	-205,376	-33,940	-143,359	-153,515	-427,008	154,518	8,290	17,934	-488	105,304	431,754	0	0	0	-17,314	3,625	0	0	34,800	0	0	0	0	0	0	0	10,000	267,500	43,887	10,000	0	0	0	0	0	0	0	0	0	0	0	0	3,232	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8,057	8,057	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	492,568	224,475	7,553	19,073	3,416	-239,678	-88,045	-10,517	5,784	5,800	5,800	5,984	5,987	5,914	5,837	5,646	5,660	5,694	5,453	5,447	5,381	5,315	5,308	5,299	5,383	5,312	-4,250	-7,729	-7,666	-8,056	-9,192	-10,138	-9,453	-10,966	-10,968	-10,884	-10,590	-10,582	-10,495	-7,676	-26,500	10,839	-378,242	10,561	79,222	10,788	27,849	-74,728	8,345	14,002	13,580	13,434	13,640	21,826	4,440	10,924	14,446	14,172	9,943	13,606	-8,399	12,972	16,231	6,948	-17,871	-148,029	-6,347	-761,951	28,937	-12,713	-532,991	12,600	-62,473	28,789	-91,611	15,928	18,260	14,863	-1,961	10,452	20,840	22,647	21,625	-106,299	-176,252	9,062	22,398	17,029	-561	30,515	25,182	23,941	23,748	19,643	26,714	12,022	22,046	-3,700	21,700	20,300	-79,550	52,300	41,200	32,800	-27,913	24,400
Sale Purchase Of Stock	0	-367	-586	-586	-352	-20,143	332	-332	1,671,388	1,150,283	-199,382	846,345	-17,864	-9,526	1,248,125	265,000	3,232	699,678	1,178,428	50,000	-397	351	39	-723	181	632	2	-183	-1	396	-9	-657	633	0	-488	-145	-1,389	-15,984	-6,410	-527	14	-42,724	-135	-559	0	-18,329	0	0	848,019	725,000	5,679	3,128	867,152	0	0	0	705,291	67,110	18,621	16,424	-495	495	0	65,232	77,153	25,890	130,586	1,123,740	11,491	193,516	-53,756	85,636	100,902	260,693	536,868	12,442	8,498	90,827	34,665	174,527	167,944	100,564	495,548	566,796	409,253	1,026,816	65,861	67,323	115,338	180,593	854,016	87,065	483,537	169,191	258,304	-35	127,525	353,000	60,000	463,000	1,256,060	0	0	121,800	0	0
Stock Based Compensation	4,779	5,175	15,262	26,262	7,818	8,013	14,960	21,235	7,762	8,728	14,280	20,090	7,990	8,253	10,374	17,525	7,705	7,809	10,394	15,050	8,417	8,457	8,471	14,772	8,101	8,023	8,435	10,802	7,621	7,643	7,578	10,069	6,358	6,345	5,469	11,011	5,391	5,809	6,519	10,380	6,154	6,537	6,681	25,783	4,820	6,746	6,755	11,358	5,970	5,937	5,909	11,856	6,127	6,380	6,334	14,011	6,500	6,483	6,559	7,094	5,572	6,470	0	0	0	0	0	0	0	0	0	2,548	0	0	0	2,305	0	0	0	0	2,220	0	0	592	1,187	0	0	243	578	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	381,264	-678,577	554,307	279,052	207,512	-16,678	452,193	-86,970	-885,543	653,015	-398,978	-679,936	-194,569	-187,128	800,731	65,288	-195,627	-203,833	476,693	-190,612	-85,402	21,209	238,876	-92,230	-97,634	-136,857	340,625	-37,912	-130,825	-241,563	-344,570	642,337	-174,795	-341,182	-139,715	-902,854	867,407	-208,911	-128,282	-1,162,701	575,552	-181,896	621,257	62,960	-102,580	-367,690	965,286	-641,163	656,409	-30,022	-55,461	257,102	-448,597	-65,584	465,266	-135,689	615,683	-38,798	574,706	-114,943	90,523	412,620	-108,334	-905,452	-86,754	-308,465	-249,853	219,896	-206,260	-172,226	318,090	-233,047	-525,193	-51,621	-174,397	-55,491	-49,001	-54,362	-61,312	122,841	23,988	-111,898	-288,602	-241,848	-401,924	981,147	-17,260	-24,852	-4,649	10	678,053	27,915	478,899	10,502	-20,052	33,272	-7,270	286,800	4,000	70,700	898,734	531,200	-101,100	629,700	155,690	210,000
Total Cash From Operating Activities	387,148	301,189	379,173	234,010	369,996	295,764	397,149	219,490	346,368	226,383	408,413	152,063	374,417	228,151	379,075	175,197	361,373	254,188	358,370	207,234	379,618	209,781	335,068	225,778	314,733	220,434	125,748	246,530	293,089	159,634	235,171	348,980	190,533	165,802	241,630	201,446	225,876	160,684	184,784	124,209	227,505	215,583	97,409	237,429	179,263	132,606	161,819	169,261	163,469	152,758	157,817	132,284	43,039	122,350	150,410	60,094	169,460	130,979	206,801	110,136	197,949	113,597	146,548	102,814	176,255	141,267	186,680	125,176	144,942	126,327	173,735	82,975	167,576	99,697	121,329	83,647	125,842	93,078	122,726	87,860	149,245	89,187	143,632	106,211	125,790	112,322	92,166	107,102	98,893	118,699	92,591	109,220	95,490	87,410	80,458	76,306	76,366	101,300	62,600	63,100	67,787	30,700	58,100	58,700	33,169	21,700
Total Cashflows From Investing Activities	0	-875,578	-269,272	-285,592	-1,602,802	-333,050	-828,835	-151,335	-41,588	-434,757	-321,338	-242,273	-225,308	-267,889	-46,729	-73,793	-278,625	-408,514	-104,437	-223,515	-78,809	-534,266	-302,013	-183,788	-275,387	-82,957	-276,877	-262,593	-1,329,057	-678,792	-316,235	-109,357	-280,226	398,801	179,165	2,725	-176,868	-141,685	-199,499	-147,072	-532,640	-452,302	-452,302	-432,991	-1,278,032	-1,020,112	-806,414	-760,110	-90,096	159,704	-69,077	-121,029	0	-775,706	-285,566	-152,946	-446,601	-328,285	-198,965	0	0	0	0	90,360	576,931	1,053,709	877,631	945,476	229,756	491,676	0	0	356,605	188,069	292,750	0	0	0	0	0	97,496	285,664	383,919	464,780	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
Cost Of Revenue	2,064,756	1,149,133	1,046,356	1,041,970	1,094,400	1,022,604	962,036	921,234	904,336	864,526	771,403	685,483	620,105	526,847	525,765	515,540	483,605	497,352	490,024	474,746	452,889	416,577	312,294	264,701	249,268	150,490	89,577
Depreciation And Amortization	830,813	749,775	717,336	683,751	677,764	645,649	617,547	696,279	639,542	628,573	560,637	453,068	439,184	338,371	321,681	304,147	288,978	276,759	267,641	252,941	210,477	186,429	150,163	133,150	120,059	75,418	38,773
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	8,022	1,040	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	1,034,502	1,020,154	976,210	827,696	1,113,152	940,146	925,793	843,382	880,171	826,496	771,554	714,503	620,887	704,690	561,754	570,224	639,355	611,957	612,415	605,420	544,170	568,606	569,596	446,745	387,782	265,435	135,306
Ebitda	1,865,315	1,769,929	1,693,546	1,511,447	1,790,916	1,585,795	1,543,340	1,539,661	1,519,713	1,455,069	1,332,191	1,167,571	1,060,071	1,043,061	883,435	874,371	928,333	888,716	880,056	858,361	754,647	755,035	719,759	579,895	507,841	340,853	174,079
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	123,641	33,763	0	0	0	0	226,556	0	45,341	28,578	75,410	24,524	0	0	0	0	0
Gross Profit	1,208,813	1,959,448	1,842,265	1,723,716	1,866,162	1,694,472	1,640,040	1,629,586	1,586,485	1,532,472	1,364,136	1,190,784	1,139,421	1,023,957	996,484	972,860	998,684	980,234	947,611	925,719	856,739	818,246	720,684	614,652	537,296	363,357	185,884
Income Before Tax	291,424	1,020,584	631,932	1,018,691	651,999	597,874	554,818	487,495	424,023	358,018	703,648	294,222	313,826	159,072	231,014	168,482	1,163,134	946,611	461,037	315,548	365,322	444,383	208,032	228,211	0	0	0
Income Tax Expense	101,209	437,139	547,519	492,947	589,774	177,046	478,092	397,316	295,883	382,919	475,791	467,214	432,012	490,830	380,400	289,098	-685,335	-261,678	174,123	329,552	234,948	567,471	344,165	293,179	268,006	172,323	95,550
Interest Expense	572,869	437,139	423,346	431,717	412,717	378,168	374,481	412,849	432,196	455,743	446,880	413,564	394,131	378,079	322,833	271,972	0	0	0	0	0	0	0	0	0	0	0
Interest Income	54,788	11,940	5,704	5,953	18,939	10,823	5,783	7,230	403,302	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-101,899	-171,650	-126,743	145,964	130,465	129,716	100,042	57,192	216,812	82,446	77,478	38,335	41,147	31,255	43,485	24,003	65,000	72,976	68,086	68,174	74,642	77,524	74,308	77,001	0	0	0
Net Income	190,215	583,445	84,413	525,744	62,225	582,849	462,439	511,102	583,106	443,611	749,811	289,650	272,679	159,072	231,014	125,232	1,324,690	873,635	438,292	284,017	365,322	444,383	208,032	152,998	119,776	93,112	39,756
Net Income Applicable To Common Shares	0	848,056	496,223	862,227	511,034	572,347	451,939	502,285	572,606	433,111	741,754	289,650	272,679	159,072	231,014	125,232	1,098,134	873,635	392,951	255,439	289,912	416,447	208,207	146,760	0	0	0
Net Income From Continuing Ops	293,992	1,020,584	631,932	3,671,156	3,157,892	712,563	562,481	569,977	424,023	358,018	703,648	294,222	0	190,327	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-489,627	-425,199	-417,642	-425,764	-393,778	-367,345	-368,698	-405,619	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	-2,570	545,086	43,117	177,046	28,852	157,042	382,749	179,978	86,417	56,105	0	-42,108	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	24,038	11,812	0	1,783	1,783	1,783	11,547	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	1,034,502	1,020,154	976,210	827,696	1,113,152	913,685	908,110	823,908	849,365	801,822	678,120	651,681	618,640	610,514	276,523	324,376	353,468	313,697	304,324	307,399	299,360	296,921	302,320	228,779	182,372	140,575	43,718
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
Other Operating Expenses	2,239,067	2,047,151	1,915,545	1,858,833	1,912,941	1,789,975	1,693,298	1,722,742	1,640,197	1,592,036	1,447,369	1,220,933	1,140,731	937,676	922,893	892,052	842,934	865,629	825,220	786,896	709,358	666,217	480,781	433,176	398,782	248,412	140,155
Preferred Stock And Other Adjustments	0	0	8,972	-10,500	10,500	10,500	10,500	10,500	10,500	10,500	8,057	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	819,162	749,775	717,336	685,985	680,176	645,649	617,547	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,483	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	187,929	148,243	151,853	133,112	140,777	121,722	113,715	105,229	96,319	98,937	115,329	82,382	81,442	79,658	75,447	69,882	69,882	59,375	55,471	53,636	45,359	47,292	38,312	35,659	29,455	22,504	11,805
Tax Provision	0	0	0	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	174,311	898,018	869,189	816,863	818,541	767,371	731,262	801,508	735,861	727,510	675,966	535,450	520,626	410,829	397,128	376,512	359,329	368,277	335,196	312,150	256,469	249,640	168,487	168,475	149,514	97,922	50,578
Total Other Income Expense Net	-743,078	430	-344,278	190,995	-461,153	38,118	14,738	65,036	-1,182	34	454,048	42,361	83,804	-54,788	49,660	-155,894	0	0	0	8,149	56,100	443,248	-17,399	-568	0	0	0
Total Revenue	3,273,569	3,108,581	2,888,621	2,765,686	2,960,562	2,717,076	2,602,076	2,550,820	2,490,821	2,396,998	2,135,539	1,876,267	1,759,526	1,550,804	1,522,249	1,488,400	1,482,289	1,477,586	1,437,635	1,400,465	1,309,628	1,234,823	1,032,978	879,353	786,564	513,847	275,461

	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
Cost Of Revenue	525,872	312,598	301,809	303,214	292,292	294,150	283,531	279,160	264,824	265,233	253,354	260,485	260,381	264,321	244,244	273,024	279,396	276,775	269,454	268,775	263,483	259,333	248,501	251,287	242,012	245,788	238,858	235,378	231,834	236,678	225,916	226,806	224,530	227,921	222,959	228,926	218,616	222,764	209,961	213,185	206,076	206,930	187,172	179,664	177,652	175,825	168,469	163,605	162,222	161,017	151,156	145,710	132,986	134,235	129,373	130,253	131,905	75,679	130,089	129,333	132,325	134,033	125,552	123,630	123,560	120,415	120,041	119,589	124,766	125,493	123,002	124,091	123,922	124,898	120,555	120,887	124,035	123,104	115,240	112,710	114,436	120,233	107,947	110,273	137,357	93,741	86,866	85,089	83,611	81,475	76,865	70,343	67,335	110,461	105,019	65,177	0	0	0	0	100,090	23,700	13,800	13,000	80,777	8,100	800
Depreciation And Amortization	212,067	207,435	202,577	208,734	198,330	190,675	183,146	178,153	177,521	179,412	183,838	176,565	168,013	166,456	178,188	171,094	169,897	165,862	177,411	164,594	165,439	157,996	156,417	165,797	154,259	152,164	151,919	159,205	179,908	203,748	153,175	159,448	164,460	153,015	167,844	154,223	162,430	157,245	154,628	154,270	154,475	154,193	134,604	120,595	120,550	111,360	111,643	109,673	109,181	109,495	111,080	109,428	92,763	81,133	81,400	83,075	79,125	78,181	87,005	77,370	79,766	75,321	74,389	74,671	71,655	71,616	74,621	71,086	70,452	71,548	67,912	66,847	66,353	65,907	67,219	68,162	68,735	66,560	60,853	56,793	56,329	53,455	50,742	49,951	54,155	45,534	43,796	42,944	40,230	38,518	36,675	34,740	36,088	32,436	32,395	32,231	31,759	31,100	29,400	27,800	126,618	-21,500	-16,600	-13,100	48,873	-9,300	800
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,078	0	0	0	0	218	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	261,854	45,479	277,270	238,822	208,675	273,383	280,350	257,746	255,528	246,774	238,289	234,451	127,618	227,756	197,735	274,632	278,868	276,298	303,384	254,602	257,631	237,787	234,446	210,282	236,095	236,140	243,601	209,957	202,184	164,729	222,795	253,674	213,601	234,288	209,505	222,777	214,113	224,045	206,877	181,461	199,490	206,733	221,429	149,376	180,274	167,729	173,623	143,860	252,631	165,472	154,153	137,793	244,342	157,413	173,297	132,636	148,636	143,602	150,071	122,273	174,178	121,121	146,066	5,227	162,490	-11,903	164,175	-463,108	167,246	144,583	-449,120	139,175	156,402	157,713	43,609	150,090	141,771	157,087	155,286	138,471	154,647	145,842	149,116	145,778	145,700	143,518	145,789	130,921	128,661	180,587	126,349	118,423	115,908	113,456	111,943	105,438	-466,918	300,200	281,500	273,000	2,735	149,300	109,700	96,600	81,806	66,600	3,700
Ebitda	473,921	252,914	479,847	447,556	407,005	464,058	463,496	435,899	433,049	426,186	422,127	411,016	295,631	394,212	375,923	445,726	448,765	442,160	480,795	419,196	423,070	395,783	390,863	376,079	390,354	388,304	395,520	369,162	382,092	368,477	375,970	413,122	378,061	387,303	377,349	377,000	376,543	381,290	361,505	335,731	353,965	360,926	356,033	269,971	300,824	279,089	285,266	253,533	361,812	274,967	265,233	247,221	337,105	238,546	254,697	215,711	227,761	221,783	237,076	199,643	253,944	196,442	220,455	79,898	234,145	59,713	238,796	-392,022	237,698	216,131	-381,208	206,022	222,755	223,620	110,828	218,252	210,506	223,647	216,139	195,264	210,976	199,297	199,858	195,729	199,855	189,052	189,585	173,865	168,891	219,105	163,024	153,163	151,996	145,892	144,338	137,669	-435,159	331,300	310,900	300,800	129,353	127,800	93,100	83,500	130,679	57,300	4,500
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	-
Extraordinary 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	123,641	0	0	0	33,763	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	226,556	0	0	0	0	0	0	0	45,341	0	0	0	28,578	0	0	0	75,410	0	0	0	24,524	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Gross Profit	303,061	511,685	515,344	499,986	497,532	496,373	490,396	475,147	466,239	464,823	460,453	453,210	404,708	428,947	410,529	479,532	478,105	466,778	464,287	456,992	441,674	426,951	415,983	409,864	413,217	411,924	418,049	396,850	404,227	388,550	397,630	439,179	399,710	401,963	395,262	389,550	395,091	396,039	379,833	361,509	370,123	367,152	328,148	303,350	307,753	295,079	304,428	284,057	290,565	291,396	285,295	272,165	253,855	253,989	266,585	249,528	246,007	301,624	259,401	248,211	259,948	223,015	242,968	246,929	248,399	251,092	255,087	244,106	253,907	246,967	247,347	232,013	235,265	236,888	240,049	235,302	238,580	236,612	229,893	220,944	220,973	210,936	215,423	209,407	225,078	214,312	203,149	189,231	182,483	195,684	179,404	163,113	161,192	223,313	217,259	145,077	204,464	202,400	191,800	187,800	79,357	115,400	89,800	78,700	128,184	53,300	4,300
Income Before Tax	153,155	-103,543	136,184	105,628	155,723	420,661	267,243	176,957	223,285	139,250	141,250	128,147	24,905	118,060	298,580	577,146	176,009	141,370	203,461	131,159	185,241	150,445	142,273	119,915	131,331	144,813	163,243	115,431	163,018	58,521	117,357	148,599	85,406	123,792	100,739	114,086	85,323	109,038	95,901	67,756	79,395	82,910	505,888	40,929	76,608	57,769	97,471	56,359	195,894	70,542	69,738	48,194	190,327	57,668	61,412	52,714	274,499	65,795	67,152	54,030	125,232	58,451	93,963	168,907	1,324,690	255,158	106,209	701,378	873,635	106,790	635,035	86,122	438,292	82,110	169,522	75,568	284,017	79,083	83,251	78,442	365,322	73,181	80,761	126,549	444,383	71,667	56,418	57,008	208,032	53,168	50,686	72,558	64,198	112,248	112,537	50,368	0	0	0	0	0	108,500	85,500	78,200	0	51,200	1,500
Income Tax Expense	33,230	-91,461	167,690	26,725	119,923	111,846	104,142	101,228	103,331	131,150	134,493	139,510	-132,036	129,746	138,404	178,247	-97,921	136,796	186,839	131,651	19,062	119,755	103,940	31,950	-67,483	117,726	125,160	114,341	38,416	85,284	125,408	71,334	103,961	48,437	130,273	63,906	-6,556	96,394	130,567	127,503	28,632	64,495	202,776	102,083	87,641	114,270	75,832	91,750	53,637	105,345	102,814	105,257	171,794	109,417	113,590	94,827	177,545	86,551	87,061	85,567	216,501	76,756	73,690	-63,209	1,199,021	-85,778	61,831	-698,209	801,430	54,510	-493,549	82,320	284,283	100,162	-19,808	91,264	221,708	88,545	69,545	79,561	305,251	90,213	89,426	-39,267	185,093	72,741	-43,796	130,351	151,104	110,799	-43,175	71,173	70,832	74,679	75,717	72,818	-502,894	271,100	252,600	247,200	-15,477	125,100	84,200	80,900	64,850	54,500	400
Interest Expense	155,080	147,812	142,473	134,207	119,923	111,846	104,142	101,228	103,331	105,794	106,319	106,734	111,991	111,038	107,142	101,591	102,880	106,471	102,357	101,009	100,378	95,366	92,204	90,220	91,772	92,032	95,143	95,534	97,896	104,641	105,003	105,309	106,178	108,727	108,534	108,757	117,904	113,308	110,977	113,554	121,134	122,173	103,140	100,433	103,452	105,030	99,901	103,237	103,967	95,777	95,236	99,151	92,192	97,103	96,755	92,029	88,180	77,090	78,633	78,930	71,261	68,308	64,564	82,790	78,708	78,304	81,687	78,234	71,423	70,575	79,753	76,509	77,204	77,400	79,133	80,054	79,378	77,698	74,789	74,305	75,001	75,343	75,447	73,645	72,410	65,476	64,366	60,815	59,730	59,936	55,870	47,853	50,854	54,752	56,243	55,215	0	0	0	0	0	0	0	0	0	0	-
Interest Income	20,965	375,629	17,343	10,941	5,789	3,728	1,195	1,228	1,564	110,061	1,452	99,850	1,676	116,053	1,305	3,017	4,393	7,178	3,615	3,753	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-33,230	-8,283	-31,885	-27,738	-33,933	59,684	-44,254	33,910	-38,748	-30,953	2,340,651	27,551	13,928	25,581	29,430	77,025	32,544	30,974	36,518	30,429	34,089	28,702	29,259	37,666	25,768	27,742	30,676	15,856	15,019	-7,838	18,133	31,857	26,241	136,542	18,661	35,347	33,953	20,604	16,756	11,133	12,234	6,202	51,215	8,049	10,963	7,926	11,540	7,339	13,752	10,055	9,671	7,454	147	10,232	11,089	9,787	9,429	11,762	12,929	9,365	15,052	8,951	14,669	16,391	23,265	13,927	16,850	10,958	25,789	17,703	10,417	14,077	15,562	26,782	11,708	14,034	14,362	15,382	16,530	16,784	18,306	17,241	18,518	17,885	19,098	17,204	18,160	17,347	18,628	18,405	17,488	19,133	19,722	19,935	19,566	17,748	0	0	0	0	0	0	0	0	0	0	-
Net Income	119,925	-111,826	104,299	77,890	35,800	360,977	163,101	75,729	184,537	108,297	111,703	100,596	9,935	92,479	269,150	500,121	143,449	110,396	166,943	100,730	151,154	121,743	131,306	178,646	106,454	119,962	136,334	99,708	148,234	79,342	99,186	184,365	140,497	186,729	82,078	173,771	177,156	130,371	79,145	56,623	91,365	155,324	455,035	48,000	65,400	57,769	119,070	64,632	101,320	70,542	60,214	40,813	-12,714	57,668	61,412	52,714	53,410	65,795	67,152	44,598	-91,234	48,506	79,534	88,461	124,218	242,370	102,344	854,307	72,642	107,962	625,731	67,737	153,891	57,551	165,490	61,242	62,347	68,542	87,118	66,048	60,255	56,970	63,236	185,045	259,290	71,667	56,418	57,008	56,928	53,168	50,686	47,250	44,815	38,173	36,523	32,620	35,976	29,100	28,900	25,800	18,212	25,300	30,000	19,600	16,956	13,700	9,100
Net Income Applicable To Common Shares	0	-111,826	104,299	77,890	121,914	360,977	222,989	143,047	184,537	108,297	111,703	91,624	8,352	89,854	266,525	497,496	140,840	107,771	164,318	98,105	148,527	119,118	128,681	176,021	103,810	117,337	133,709	97,083	147,171	76,753	96,635	181,747	137,851	184,082	79,460	171,234	174,826	127,724	76,527	54,034	64,515	152,677	449,613	30,301	63,288	54,193	118,559	47,926	101,254	70,542	60,214	40,813	101,215	57,857	61,398	52,720	53,317	65,888	67,144	44,665	81,830	43,402	75,456	84,475	76,502	241,414	89,359	690,859	66,615	101,742	622,915	66,259	118,204	55,328	157,893	61,526	60,744	63,701	67,007	61,883	59,443	55,910	61,938	108,664	246,993	55,341	51,563	46,419	54,598	50,578	48,420	51,782	43,569	36,467	35,747	30,977	0	0	0	0	0	0	0	0	0	0	-
Net Income From Continuing Ops	153,155	-103,543	136,184	105,628	155,723	420,661	267,243	1,087,447	223,285	139,250	141,250	828,915	689,566	765,264	970,561	1,245,765	2,080,852	438,120	496,503	142,417	185,241	150,445	160,565	216,312	132,203	147,704	167,010	115,564	504,562	71,504	117,357	216,222	799,918	323,271	100,739	0	85,323	109,038	95,901	67,756	0	82,910	0	0	0	0	97,079	0	0	80,451	69,738	48,194	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-134,115	-127,097	-125,130	-123,266	-114,134	-108,118	-102,947	-100,000	-101,767	-104,274	-104,867	-106,734	-110,315	-111,038	-105,837	-98,574	-98,487	-99,293	-98,742	-97,256	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	12,246	5,037	0	260,978	92,672	2,189	-15,915	-3,919	10,110	7,154	-68,469	-5,269	211,456	407,368	4,047	-21,390	54,430	6,030	49,074	7,447	22,145	98,380	-5,491	6,007	23,463	4,873	0	18,540	4,236	71,178	0	204,248	4,347	0	120,480	49,480	5,605	4,413	0	19,541	0	0	0	0	23,661	0	0	11,718	10,841	9,323	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	24,038	11,812	0	0	0	0	0	0	0	1,783	1,783	-3,566	1,783	1,783	0	0	0	1,783	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	261,854	45,479	277,270	238,822	208,675	273,383	280,350	257,746	153,022	250,851	238,210	229,226	205,642	234,629	194,598	271,984	275,411	269,769	251,805	250,636	236,545	238,364	230,624	208,152	229,466	233,729	238,690	206,225	197,826	157,605	218,124	250,353	210,480	227,750	204,926	206,209	208,849	214,803	201,273	176,897	194,992	187,352	170,815	130,435	170,862	162,822	173,711	144,661	161,975	164,510	154,133	138,022	437,105	56,524	70,782	47,602	86,962	67,605	75,931	46,138	102,218	54,310	86,805	148,882	94,201	86,663	90,432	82,172	95,823	88,901	53,733	75,240	81,598	82,013	67,449	73,152	74,926	79,389	81,874	71,304	78,172	71,840	77,215	72,133	74,452	145,298	78,462	67,134	73,860	147,347	70,479	70,570	64,459	112,852	112,240	50,223	-466,918	300,200	281,500	273,000	2,735	107,400	81,000	74,300	81,806	49,600	3,900
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	-
Other Operating Expenses	567,079	551,963	550,558	567,750	528,487	517,344	501,342	499,978	476,274	479,205	475,597	484,469	459,447	458,639	460,175	480,572	482,090	473,784	481,936	475,131	456,605	447,006	433,386	452,978	425,667	423,744	417,918	425,969	437,035	465,591	404,509	415,607	413,290	401,880	413,087	411,940	404,218	402,598	387,860	397,360	381,207	385,964	343,970	343,830	314,142	308,082	299,186	303,001	290,793	287,852	282,305	279,781	234,902	232,704	228,421	240,150	202,770	231,307	234,926	252,476	218,794	234,430	217,151	345,307	209,469	214,915	210,953	207,597	211,427	209,988	238,167	206,047	202,785	204,073	214,922	203,683	214,569	202,629	188,470	188,045	180,762	183,986	170,708	173,902	216,735	163,645	144,226	143,399	130,424	113,192	129,920	115,033	112,880	110,461	105,019	104,816	671,382	97,800	89,700	85,200	176,712	31,700	22,600	17,400	127,155	11,800	1,200
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	8,972	-18,375	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	2,625	0	2,589	2,589	2,618	0	2,647	2,618	0	2,646	2,647	2,618	2,589	0	2,647	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	212,505	207,435	202,577	208,734	198,330	190,675	183,146	178,153	177,521	179,412	183,838	176,565	168,580	166,995	178,733	171,677	170,488	166,470	178,019	165,199	165,439	157,996	156,417	165,797	154,259	152,164	151,919	159,205	178,032	203,748	153,175	159,448	164,460	153,015	167,844	154,223	162,430	157,245	154,628	154,270	155,409	154,193	134,604	121,191	121,061	111,360	111,886	109,737	109,181	109,495	111,080	109,428	92,763	81,133	81,400	83,075	79,125	78,181	87,005	77,370	79,766	75,321	74,389	74,671	71,655	71,616	74,621	71,086	70,452	71,548	67,912	66,847	66,353	65,907	67,219	68,162	68,735	66,560	60,853	56,793	56,329	53,455	50,742	49,951	54,155	45,534	43,796	42,944	40,230	38,518	36,675	34,740	36,088	32,436	32,395	32,231	31,759	31,100	29,400	27,800	126,618	-21,500	-16,600	-13,100	48,873	-9,300	800
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27,766	0	0	27,766	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,252	1,140	8	2,104	62,052	0	0	0	62,537	0	0	0	55,941	0	0	0	55,813	0	1,176	2,780	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling General Administrative	42,792	31,930	46,172	55,802	37,865	32,519	34,665	43,194	33,929	34,560	38,405	47,419	31,053	27,862	37,743	36,454	32,797	31,147	35,071	41,762	27,683	29,677	28,468	35,894	29,396	25,792	27,141	31,386	25,293	25,165	25,418	29,353	24,300	20,944	22,284	28,791	23,172	22,589	23,271	29,905	20,656	24,841	22,194	43,571	15,940	19,757	19,066	27,619	81,442	17,340	20,069	24,643	79,658	18,067	17,648	26,822	75,447	19,989	18,532	17,420	72,365	18,758	16,291	16,808	16,594	20,189	16,291	16,808	16,198	12,739	15,796	14,642	13,136	13,270	14,252	14,813	15,541	13,002	12,493	12,600	11,749	11,183	11,028	11,399	12,703	9,956	13,564	11,069	8,663	9,819	9,880	9,950	9,791	9,871	8,589	7,408	8,155	7,400	7,400	6,600	5,704	6,100	5,800	4,800	8,605	2,900	200
Tax Provision	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	41,207	239,365	248,749	264,536	236,195	223,194	217,811	220,818	211,450	213,972	222,243	223,984	199,066	194,318	215,931	207,548	202,694	197,009	212,482	206,356	193,122	187,673	184,885	201,691	183,655	177,956	179,060	190,591	205,201	228,913	178,593	188,801	188,760	173,959	190,128	183,014	185,602	179,834	177,899	184,175	175,131	179,034	156,798	164,166	136,490	132,257	130,717	139,396	128,571	126,835	131,149	134,071	101,916	98,469	99,048	109,897	70,865	155,628	104,837	123,143	86,469	100,397	91,599	221,677	85,909	94,500	90,912	88,008	86,661	84,495	115,165	81,956	78,863	79,175	94,367	82,796	90,534	79,525	73,230	75,335	66,326	63,753	62,761	63,629	79,378	163,645	57,360	58,310	46,813	113,192	53,055	44,690	45,545	110,461	105,019	39,639	422,114	-97,800	-89,700	-85,200	76,622	8,000	8,800	4,400	46,378	3,700	400
Total Other Income Expense Net	-108,699	-248,766	-5,281	-133,194	-52,952	147,278	-13,107	-80,789	70,263	-7,327	7,907	5,655	-70,422	-5,531	209,819	403,736	-915	-29,106	50,398	-22,221	33,293	3,711	800	314	-8,795	1,548	17,893	4,092	61,315	-103	1,799	2,025	-19,806	878	2,846	14,900	-8,186	2,720	2,835	2,665	3,873	13,086	436,382	707	6,735	4,310	21,279	12,522	56,237	10,415	8,875	8,277	-82,569	9,672	1,705	14,905	27,468	8,744	4,142	7,892	-188,258	4,141	7,158	20,025	1,753,289	168,495	0	619,206	1,044,285	17,889	581,302	10,882	161,717	0	102,073	2,416	6,275	0	1,377	7,138	584,334	1,341	3,546	0	734,142	890	-133,167	56,438	7,009	-16,620	-118,838	0	-261	-604	297	0	0	0	0	0	0	1,100	4,500	3,900	0	1,600	200
Total Revenue	828,933	824,283	817,153	803,200	789,824	790,523	773,927	754,307	731,063	730,056	713,807	713,695	665,089	693,268	654,773	752,556	757,501	743,553	733,741	725,767	705,157	686,284	664,484	661,151	655,229	657,712	656,907	632,228	636,061	625,228	623,546	665,985	624,240	629,884	618,221	618,476	613,707	618,803	589,794	574,694	576,199	574,082	515,320	483,014	485,405	470,904	472,897	447,662	452,787	452,413	436,451	417,875	386,841	388,224	395,958	379,781	377,912	377,303	389,490	377,544	392,273	357,048	368,520	370,559	371,959	371,507	375,128	363,695	378,673	372,460	370,349	356,104	359,187	361,786	360,604	356,189	362,615	359,716	345,133	333,654	335,409	331,169	323,370	319,680	362,435	308,053	290,015	274,320	266,094	277,159	256,269	233,456	228,527	223,313	217,259	210,254	204,464	202,400	191,800	187,800	179,447	139,100	103,600	91,700	208,961	61,400	5,100

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

Gross Profit (+$)
totalRevenue	3,273,569
Cost of Revenue	-2,064,756
Gross Profit	1,208,813	1,208,813

Operating Income (+$)
Gross Profit	1,208,813
Operating Expense	-174,311
Operating Income	1,034,502	1,034,502

Operating Expense (+$)
Research Development	0
Selling General Administrative	187,929
Selling And Marketing Expenses	0
Operating Expense	174,311	187,929

Net Interest Income (+$)
Interest Income	54,788
Interest Expense	-572,869
Other Finance Cost	-28,454
Net Interest Income	-489,627

Pretax Income (+$)
Operating Income	1,034,502
Net Interest Income	-489,627
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	291,424	1,777,580 EBIT - interestExpense = 461,633 291,424 763,084
Interest Expense	572,869
Earnings Before Interest and Taxes (EBIT)	1,034,502	864,293
Earnings Before Interest and Taxes (EBITDA)	1,865,315

After tax Income (+$)
Income Before Tax	291,424
Tax Provision	-0
Net Income From Continuing Ops	293,992	291,424
Net Income	190,215
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	2,239,067
Total Other Income/Expenses Net	-743,078	489,627

Technical Analysis of Boston Properties Inc
The psychology behind the price

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

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Boston Properties Inc. The general trend of Boston Properties Inc is BULLISH with 28.6% 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 Boston Properties Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (28.6%)		Bearish trend (-28.6%)
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 Boston Properties Inc.

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

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

The bullish price targets are: 65.36 < 65.47 < 65.88.

The bearish price targets are: 57.30 > 57.06 > 51.06.

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Boston Properties 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 Boston Properties Inc. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Boston Properties 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 Boston Properties Inc. The current macd is -0.6752827.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Boston Properties Inc price going up in the near term. +2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Boston Properties Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Boston Properties Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Boston Properties 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 Boston Properties Inc. The current adx is 12.31.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Boston Properties Inc shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1

Boston Properties 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 Boston Properties Inc. The current sar is 57.06.

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

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

Boston Properties 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 Boston Properties Inc. The current rsi is 54.00. The current phase is Continuation in bull market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Boston Properties 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 Boston Properties Inc. The current phase is Continuation in bull market.

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

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Boston Properties Inc price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Boston Properties 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 Boston Properties Inc. The current cci is 58.15.

Boston Properties 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 Boston Properties Inc. The current cmo is 17.55.

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

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

Boston Properties 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 Boston Properties Inc. The current willr is -30.20214031.

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

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Boston Properties Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Boston Properties Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Boston Properties Inc.

Boston Properties 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 Boston Properties Inc. The current atr is 2.07527315.

Boston Properties 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 Boston Properties Inc. The current obv is -5,776,713.

Boston Properties 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 Boston Properties Inc. The current mfi is 55.19.

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

MFI > 50: +1

Boston Properties Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Boston Properties Inc.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Boston Properties Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	54.002
Ma 20	Greater than	Ma 50	61.485
Ma 50	Greater than	Ma 100	62.601
Ma 100	Greater than	Ma 200	64.490
Open	Greater than	Close	61.310
Total			2/5 (40.0%)

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1. Valuation of Boston Properties Inc (5 min.)

$62.93

$52.09

$49.24 - $96.68

$101.33 - $148.77

2. Growth of Boston Properties Inc (5 min.)

Is Boston Properties Inc growing?

How much money is Boston Properties Inc making?

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

3. Financial Health of Boston Properties Inc (5 min.)

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

What can you expect buying and holding a share of Boston Properties Inc?

Speculation

Investing

How much money are you going to get?

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Linear %

Fundamentals of Boston Properties Inc

About Boston Properties Inc

Financial Health

Valuation

1.1. Profitability of Boston Properties Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of Boston Properties Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Boston Properties Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of Boston Properties Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of Boston Properties Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Boston Properties Inc
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