Crown Castle
Buy, Hold or Sell?

Let's analyse Crown Castle together

Penke I guess you are interested in Crown Castle. 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 Crown Castle. 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 Crown Castle (30 sec.)

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

How much money do you get?

$6.27

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$14.69

Expected worth in 1 year

$12.23

How sure are you?

97.5%

+ What do you gain per year?

Total Gains per Share

$3.81

Return On Investment

4.0%

For what price can you sell your share?

Current Price per Share

$95.65

Expected price per share

$82.40 - $106.52

How sure are you?

50%

1. Valuation of Crown Castle (5 min.)

Live pricePrice per Share (EOD)

$95.65

Book Value per Share

$14.69

Intrinsic Value Per Share

$9.79 - $42.96

Total Value Per Share

$24.47 - $57.65

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.64) 3Y: ($0.91) TTM: ($0.98)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.02) 3Y: ($-0.02) TTM: ($0.03)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$2.30	$3.76	$2.28 - $3.93
2	$4.23	$7.66	$2.01 - $4.20
3	$5.81	$11.70	$1.74 - $4.47
4	$7.09	$15.87	$1.47 - $4.74
5	$8.09	$20.16	$1.20 - $5.01
6	$8.83	$24.55	$0.93 - $5.28
7	$9.36	$29.03	$0.66 - $5.56
8	$9.67	$33.60	$0.39 - $5.83
9	$9.81	$38.25	$0.12 - $6.10
10	$9.79	$42.96	$-0.15 - $6.37

2. Growth of Crown Castle (5 min.)

Is Crown Castle growing?

	Current year	Previous year	Grow	Grow %
How rich?	$6.3b	$7.7b	-$926.5m	-13.6%

How much money is Crown Castle making?

	Current year	Previous year	Grow	Grow %
Making money	$375.2m	$418.7m	-$43.5m	-11.6%
Net Profit Margin	21.4%	24.0%	-	-

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

Quarterly Yearly

3. Financial Health of Crown Castle (5 min.)

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

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

What can you expect buying and holding a share of Crown Castle?

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

Speculation

The Price per Share of Crown Castle is $95.65. 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 Crown Castle.
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 Crown Castle, 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 $14.69. Based on the TTM, the Book Value Change Per Share is $-0.61 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.47 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 $1.57 per quarter.

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

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	0.84	0.9%	0.86	0.9%	0.96	1.0%	0.69	0.7%	0.52	0.5%
Usd Book Value Change Per Share	-0.66	-0.7%	-0.61	-0.6%	-0.47	-0.5%	-0.65	-0.7%	-0.03	0.0%
Usd Dividend Per Share	1.56	1.6%	1.57	1.6%	1.50	1.6%	1.37	1.4%	1.06	1.1%
Usd Total Gains Per Share	0.90	0.9%	0.95	1.0%	1.03	1.1%	0.72	0.8%	1.03	1.1%
Usd Price Per Share	115.19	-	113.75	-	158.29	-	150.72	-	121.54	-
Price to Earnings Ratio	34.47	-	33.55	-	41.06	-	75.30	-	95.23	-
Price-to-Total Gains Ratio	128.01	-	121.31	-	153.84	-	204.61	-	215.23	-
Price to Book Ratio	7.84	-	7.23	-	8.85	-	7.58	-	6.20	-
Price-to-Total Gains Ratio	128.01	-	121.31	-	153.84	-	204.61	-	215.23	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	95.65
Number of shares	10

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	1.57	1.37
Usd Book Value Change Per Share	-0.61	-0.65
Usd Total Gains Per Share	0.95	0.72
Gains per Quarter (10 shares)	9.52	7.20
Gains per Year (10 shares)	38.09	28.81

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	63	-25	28	55	-26	19
2	125	-49	66	110	-52	48
3	188	-74	104	164	-78	77
4	251	-98	142	219	-104	106
5	313	-123	180	274	-130	135
6	376	-147	218	329	-156	164
7	439	-172	256	384	-182	193
8	501	-197	294	439	-208	222
9	564	-221	332	493	-234	251
10	627	-246	370	548	-260	280

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	57.0	46.0	0.0	55.3%
Book Value Change Per Share	0.0	4.0	0.0	0.0%	0.0	12.0	0.0	0.0%	0.0	20.0	0.0	0.0%	6.0	34.0	0.0	15.0%	34.0	67.0	2.0	33.0%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	74.0	0.0	29.0	71.8%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	19.0	1.0	0.0	95.0%	39.0	1.0	0.0	97.5%	70.0	31.0	2.0	68.0%

Fundamentals of Crown Castle

About Crown Castle

https://www.crowncastle.com
4700
8020 Katy Freeway, Houston, TX, United States, 77024-1908
Google Maps Bing Maps

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them.

Fundamental data was last updated by Penke on 2024-04-13 08:55:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

1.1. Profitability of Crown Castle.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Crown Castle to the REIT - Specialty industry mean.
A Net Profit Margin of 21.7% means that $0.22 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Crown Castle:

The MRQ is 21.7%. The company is making a huge profit. +2
The TTM is 21.4%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	21.7%	TTM	21.4%	+0.3%
TTM	21.4%	YOY	24.0%	-2.6%
TTM	21.4%	5Y	19.5%	+1.9%
5Y	19.5%	10Y	18.1%	+1.3%

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

Revenue is the amount of profit Crown Castle 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 Crown Castle 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 Crown Castle to the REIT - Specialty industry mean.
Can be used to compare companies within the REIT - Specialty industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Crown Castle. If profit margins remain low (compared to the REIT - Specialty 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 Crown Castle is 0.22. This means that Crown Castle earned $0.22 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 - Specialty industry is .
What is the trend?
The trend is important because it shows you how Crown Castle is performing over time. The most recent quarter might be important if Crown Castle 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 Crown Castle 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 Crown Castle with other companies in the same industry (REIT - Specialty).
Net profit margin should rise over the years.
Can be influenced when Crown Castle sells assets (profit will increase while costs remain the same).
It won’t show what part of Crown Castle 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 Crown Castle

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 Crown Castle = 363,000
Total revenue MRQ Crown Castle = 1,674,000
$363,000 / $1,674,000 = 0.22 or 21.7%

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 Crown Castle is using its assets to generate profit.

Above 5% is considered healthy but always compare Crown Castle to the REIT - Specialty industry mean.
0.9% Return on Assets means that Crown Castle generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Crown Castle:

The MRQ is 0.9%. Using its assets, the company is inefficient in making profit. -1
The TTM is 1.0%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.9%	TTM	1.0%	0.0%
TTM	1.0%	YOY	1.1%	-0.1%
TTM	1.0%	5Y	0.8%	+0.2%
5Y	0.8%	10Y	0.8%	+0.0%

Shows how efficient Crown Castle 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 Crown Castle to the REIT - Specialty 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 Crown Castle is using its resources to generate profit. If the return on assets (0.9%) from Crown Castle are higher than the REIT - Specialty mean () that means Crown Castle 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 Crown Castle is 0.9%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the REIT - Specialty industry is .
What is the trend?
The trend is important because it shows you how Crown Castle is performing over time. The most recent quarter might be important if Crown Castle 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 Crown Castle 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 Crown Castle

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

Income statement
Balance sheet

Net income MRQ (income statement) from Crown Castle = 363,000
Total assets MRQ (balance sheet) from Crown Castle = 38,527,000
363,000 / 38,527,000 = 0.01 or 0.9%

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

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

Let's take a look of the Return on Equity trends of Crown Castle:

The MRQ is 5.7%. Using its investors money, the company is less efficient in making profit.
The TTM is 5.5%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	5.7%	TTM	5.5%	+0.2%
TTM	5.5%	YOY	5.4%	+0.1%
TTM	5.5%	5Y	3.8%	+1.7%
5Y	3.8%	10Y	3.0%	+0.9%

Shows how efficient Crown Castle 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 Crown Castle to the REIT - Specialty 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 - Specialty 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 Crown Castle is 5.7%. This means Crown Castle generated $0.06 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the REIT - Specialty industry is .
What is the trend?
The trend is important because it shows you how Crown Castle is performing over time. The most recent quarter might be important if Crown Castle 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 Crown Castle up to 10 years back (depending if Crown Castle 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 Crown Castle

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Crown Castle = 363,000
Shareholders equity (balance sheet) MRQ Crown Castle = 6,381,000
363,000 / 6,381,000 = 0.06 or 5.7%

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

1.2. Operating Efficiency of Crown Castle.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Crown Castle is operating .

Measures how much profit Crown Castle 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 Crown Castle to the REIT - Specialty industry mean.
An Operating Margin of 36.0% means the company generated $0.36 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Crown Castle:

The MRQ is 36.0%. The company is operating very efficient. +2
The TTM is 35.2%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	36.0%	TTM	35.2%	+0.8%
TTM	35.2%	YOY	34.7%	+0.5%
TTM	35.2%	5Y	32.5%	+2.7%
5Y	32.5%	10Y	29.6%	+2.9%

Measures how efficient Crown Castle 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 Crown Castle to the REIT - Specialty 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 Crown Castle 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 Crown Castle is 36.0%. This means that Crown Castle earned $0.36 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 - Specialty industry is .
What is the trend?
The trend is important because it shows you how Crown Castle is performing over time. The most recent quarter might be important if Crown Castle 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 Crown Castle 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 Crown Castle

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Crown Castle = 602,000
Total revenue MRQ Crown Castle = 1,674,000
$602,000 / $1,674,000 = 0.36 or 36.0%

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 Crown Castle is keeping operating costs low.

Below 1 is considered healthy (always compare to REIT - Specialty industry mean).
An Operation Ratio of 0.64 means that the operating costs are $0.64 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Crown Castle:

The MRQ is 0.640. The company is efficient in keeping operating costs low. +1
The TTM is 0.644. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.640	TTM	0.644	-0.004
TTM	0.644	YOY	0.648	-0.004
TTM	0.644	5Y	0.671	-0.027
5Y	0.671	10Y	0.701	-0.030

Measures how efficient Crown Castle 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 Crown Castle to the REIT - Specialty 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 Crown Castle is 64.0%. This means that Crown Castle earned $0.64 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 - Specialty industry is .
What is the trend?
The trend is important because it shows you how Crown Castle is performing over time. The most recent quarter might be important if Crown Castle 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 Crown Castle 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 Crown Castle

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
(888,000 +184,000) \ 1,674,000 = 0.64

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 Crown Castle.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to REIT - Specialty industry mean).
A Current Ratio of 0.40 means the company has $0.40 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Crown Castle:

The MRQ is 0.399. The company is unable to pay all its short-term debts. -2
The TTM is 0.465. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.399	TTM	0.465	-0.065
TTM	0.465	YOY	0.576	-0.111
TTM	0.465	5Y	0.650	-0.185
5Y	0.650	10Y	1.011	-0.361

Measures if Crown Castle 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 - Specialty 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 Crown Castle 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 Crown Castle is 0.40. This means Crown Castle has $0.40 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the REIT - Specialty industry is .
What is the trend?
The trend is important because it shows you how Crown Castle is performing over time. The most recent quarter might be important if Crown Castle 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 Crown Castle 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 Crown Castle

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,032,000 \ 2,585,000) = 0.40

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

Above 1 is considered healthy but always compare Crown Castle to the REIT - Specialty industry mean.
A Quick Ratio of 1.20 means the company can pay off $1.20 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Crown Castle:

The MRQ is 1.204. The company is just able to pay all its short-term debts with the most liquid assets.
The TTM is 0.542. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	1.204	TTM	0.542	+0.662
TTM	0.542	YOY	0.370	+0.172
TTM	0.542	5Y	0.483	+0.059
5Y	0.483	10Y	0.765	-0.282

Measures if Crown Castle 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 Crown Castle to the REIT - Specialty 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 Crown Castle can pay off its short term debts. This shows if Crown Castle 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 Crown Castle is 1.20. This means that Crown Castle can pay off $1.20 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Specialty industry is .
What is the trend?
The trend is important because it shows you how Crown Castle is performing over time. The most recent quarter might be important if Crown Castle 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 Crown Castle 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 Crown Castle

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 Crown Castle: (276,000 + 0 +2,836,000) / 2,585,000 = 1.20

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 Crown Castle.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Crown Castle assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Crown Castle to REIT - Specialty industry mean.
A Debt to Asset Ratio of 0.83 means that Crown Castle assets are financed with 83.4% credit (debt) and the remaining percentage (100% - 83.4%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Crown Castle:

The MRQ is 0.834. The company is just able to pay all its debts by selling its assets.
The TTM is 0.824. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.834	TTM	0.824	+0.010
TTM	0.824	YOY	0.801	+0.023
TTM	0.824	5Y	0.772	+0.052
5Y	0.772	10Y	0.715	+0.057

Measures how much % of Crown Castle assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Crown Castle to REIT - Specialty 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 Crown Castle is 0.83. This means means that Crown Castle is financed with 83.4% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the REIT - Specialty industry is .
What is the trend?
The trend is important because it shows you how Crown Castle is performing over time. The most recent quarter might be important if Crown Castle 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 Crown Castle 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 Crown Castle has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Crown Castle

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

Balance sheet
Debt to asset ratio = total debt \ total assets
32,146,000 \ 38,527,000 = 83.4% or 0.83.

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

Below 2 is considered healthy but always compare Crown Castle to the REIT - Specialty industry mean.
A Debt to Equity ratio of 503.8% means that company has $5.04 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Crown Castle:

The MRQ is 5.038. The company is unable to pay all its debts with equity. -1
The TTM is 4.697. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	5.038	TTM	4.697	+0.341
TTM	4.697	YOY	4.028	+0.669
TTM	4.697	5Y	3.536	+1.161
5Y	3.536	10Y	2.740	+0.797

Measures if Crown Castle 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 Crown Castle 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 Crown Castle is 5.04. This means that Crown Castle can pay off $5.04 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Specialty industry is .
What is the trend?
The trend is important because it shows you how Crown Castle is performing over time. The most recent quarter might be important if Crown Castle 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 Crown Castle 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 Crown Castle

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
32,146,000 \ 6,381,000 = 5.04 or 503.8%

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 Crown Castle

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 Crown Castle generates.

Above 15 is considered overpriced but always compare Crown Castle to the REIT - Specialty industry mean.
A PE ratio of 34.47 means the investor is paying $34.47 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Crown Castle:

The EOD is 28.624. Based on the earnings, the company is overpriced. -1
The MRQ is 34.471. Based on the earnings, the company is overpriced. -1
The TTM is 33.545. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	28.624	MRQ	34.471	-5.847
MRQ	34.471	TTM	33.545	+0.926
TTM	33.545	YOY	41.058	-7.512
TTM	33.545	5Y	75.298	-41.753
5Y	75.298	10Y	95.235	-19.936

Measures how much money you pay for each share for every $1 in earnings Crown Castle 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 Crown Castle to the REIT - Specialty 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 Crown Castle is 34.47. This means the investor is paying $34.47 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Specialty industry is .
What is the trend?
The trend is important because it shows you how Crown Castle is performing over time. The most recent quarter might be important if Crown Castle 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 Crown Castle 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 Crown Castle

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 \ 434,000 = EPS
PE ratio MRQ = 34.47

* 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 Crown Castle:

The EOD is 20.334. Based on how much money comes from the company's main activities, the company is underpriced. +1
The MRQ is 24.487. Based on how much money comes from the company's main activities, the company is underpriced. +1
The TTM is 37.457. Based on how much money comes from the company's main activities, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	20.334	MRQ	24.487	-4.154
MRQ	24.487	TTM	37.457	-12.969
TTM	37.457	YOY	46.658	-9.201
TTM	37.457	5Y	73.161	-35.705
5Y	73.161	10Y	62.324	+10.837

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to REIT - Specialty industry mean).
A PB ratio of 7.84 means the investor is paying $7.84 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Crown Castle:

The EOD is 6.513. Based on the equity, the company is overpriced. -1
The MRQ is 7.844. Based on the equity, the company is overpriced. -1
The TTM is 7.230. Based on the equity, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	6.513	MRQ	7.844	-1.331
MRQ	7.844	TTM	7.230	+0.614
TTM	7.230	YOY	8.845	-1.616
TTM	7.230	5Y	7.579	-0.349
5Y	7.579	10Y	6.197	+1.382

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Crown Castle

Institutions are holding 92.756% of the shares of Crown Castle.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	12.8731	0.1408	55936326	-273253	-0.4861
2023-12-31	BlackRock Inc	8.1322	0.1038	35335941	2658129	8.1344
2023-12-31	State Street Corporation	4.9308	0.1201	21425511	863841	4.2012
2023-12-31	Morgan Stanley - Brokerage Accounts	3.0447	0.1343	13229945	151084	1.1552
2023-12-31	FMR Inc	2.8685	0.1103	12464131	527520	4.4193
2023-12-31	Cohen & Steers Inc	2.618	2.6516	11375567	834198	7.9136
2023-12-31	Capital World Investors	2.6039	0.2318	11314561	-561306	-4.7264
2023-12-31	Wellington Management Company LLP	2.5916	0.2418	11260932	1126394	11.1144
2023-12-31	Geode Capital Management, LLC	2.2379	0.1169	9723962	170349	1.7831
2023-12-31	Goldman Sachs Group Inc	1.7626	0.0792	7658832	3394746	79.6125
2023-12-31	Manufacturers Life Insurance Co	1.5348	0.4586	6669038	-414627	-5.8533
2023-12-31	Bank of America Corp	1.4449	0.0729	6278510	-447243	-6.6497
2023-12-31	Dimensional Fund Advisors, Inc.	1.3918	0.2034	6047630	1784	0.0295
2023-12-31	Legal & General Group PLC	1.3818	0.1775	6004229	435748	7.8253
2023-12-31	Aristotle Capital Management LLC	1.3629	1.3354	5921920	-395748	-6.2641
2023-12-31	Charles Schwab Investment Management Inc	1.2608	0.1589	5478477	122948	2.2957
2023-12-31	Barclays PLC	1.2575	0.2309	5463901	2405768	78.6679
2023-12-31	NORGES BANK	1.1618	0.1016	5048204	314520	6.6443
2023-12-31	Fisher Asset Management, LLC	1.0464	0.2769	4547032	632398	16.1547
2023-12-31	Northern Trust Corp	0.9964	0.0903	4329768	-206633	-4.555
Total		56.5024	7.037	245514417	+11340617	+4.6%

3.2. Funds holding Crown Castle

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Real Estate Index Investor	4.0731	3.0461	17698233	31763	0.1798
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1298	0.0964	13599436	-28937	-0.2123
2024-02-29	Vanguard Institutional 500 Index Trust	2.4942	0.1114	10837715	112289	1.0469
2023-12-31	American Funds Income Fund of Amer A	1.5873	0.6629	6896976	64000	0.9366
2024-03-28	SPDR® S&P 500 ETF Trust	1.2142	0.1039	5275929	30840	0.588
2024-02-29	Fidelity 500 Index	1.1979	0.1111	5205157	52380	1.0165
2023-12-31	Vanguard Equity-Income Inv	1.0712	0.9912	4654553	109218	2.4029
2024-03-28	iShares Core S&P 500 ETF	1.0346	0.1039	4495616	33024	0.74
2024-02-29	Vanguard Value Index Inv	0.834	0.2455	3623972	12441	0.3445
2024-02-29	Fidelity Global Technology A-Dis-EUR	0.6917	1.5408	3005608	2605	0.0867
2023-12-31	Vanguard Wellesley® Income Inv	0.6684	0.6404	2904490	224999	8.3971
2023-12-31	American Funds American Balanced A	0.6628	0.157	2879918	0	0
2024-02-29	Vanguard Institutional Index I	0.658	0.111	2859128	-11412	-0.3976
2024-02-29	Vanguard Real Estate II Index	0.6321	3.5081	2746779	-7987	-0.2899
2023-12-31	Cohen & Steers Real Estate Securities A	0.6262	4.2884	2721014	-118557	-4.1752
2023-12-31	Cohen & Steers Real Estate Opportunities	0.6262	4.2734	2721014	-118557	-4.1752
2024-03-28	Real Estate Select Sector SPDR®	0.6088	4.5521	2645345	-7677	-0.2894
2024-02-29	DFA Real Estate Securities I	0.5759	3.9027	2502581	-300	-0.012
2023-12-31	American Funds Capital Income Bldr A	0.5582	0.2698	2425358	-1559369	-39.1336
2023-12-31	Cohen & Steers Instl Realty Shares	0.5417	4.2469	2353998	0	0
Total		23.4863	32.963	102052820	-1179237	-1.2%

3.3. Insider Transactions

Insiders are holding 0.357% of the shares of Crown Castle.

Date	Owner	Type	Amount	Price
2023-12-14	Robert Sean Collins	SELL	1500	114.16
2023-05-02	Kevin A Stephens	BUY	1000	118
2023-04-27	Laura B Nichol	SELL	5000	120.97
2023-04-25	Christopher Levendos	SELL	14472	124.04
2023-04-25	Laura B Nichol	SELL	5000	122.56

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Crown Castle 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	-	-	-0.663	-0.614	-7%	-0.465	-30%	-0.650	-2%	-0.032	-95%
Book Value Per Share	-	-	14.685	15.718	-7%	17.850	-18%	20.346	-28%	20.173	-27%
Current Ratio	-	-	0.399	0.465	-14%	0.576	-31%	0.650	-39%	1.011	-61%
Debt To Asset Ratio	-	-	0.834	0.824	+1%	0.801	+4%	0.772	+8%	0.715	+17%
Debt To Equity Ratio	-	-	5.038	4.697	+7%	4.028	+25%	3.536	+42%	2.740	+84%
Dividend Per Share	-	-	1.563	1.567	0%	1.497	+4%	1.371	+14%	1.062	+47%
Eps	-	-	0.835	0.864	-3%	0.963	-13%	0.692	+21%	0.523	+60%
Free Cash Flow Per Share	-	-	1.176	0.979	+20%	0.902	+30%	0.787	+49%	0.639	+84%
Free Cash Flow To Equity Per Share	-	-	-0.005	0.028	-117%	-0.056	+1113%	0.029	-116%	0.603	-101%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	0.879	+14%	0.940	+6%
Intrinsic Value_10Y_max	-	-	42.961	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	9.787	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	3.757	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	2.302	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	11.705	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	5.813	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	20.157	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	8.088	-	-	-	-	-	-	-	-
Market Cap	41561838000.000	-20%	50052358800.000	49426650000.000	+1%	68781257100.000	-27%	65491071660.000	-24%	52813298880.000	-5%
Net Profit Margin	-	-	0.217	0.214	+1%	0.240	-10%	0.195	+11%	0.181	+20%
Operating Margin	-	-	0.360	0.352	+2%	0.347	+4%	0.325	+11%	0.296	+22%
Operating Ratio	-	-	0.640	0.644	-1%	0.648	-1%	0.671	-5%	0.701	-9%
Pb Ratio	6.513	-20%	7.844	7.230	+8%	8.845	-11%	7.579	+4%	6.197	+27%
Pe Ratio	28.624	-20%	34.471	33.545	+3%	41.058	-16%	75.298	-54%	95.235	-64%
Price Per Share	95.650	-20%	115.190	113.750	+1%	158.293	-27%	150.721	-24%	121.544	-5%
Price To Free Cash Flow Ratio	20.334	-20%	24.487	37.457	-35%	46.658	-48%	73.161	-67%	62.324	-61%
Price To Total Gains Ratio	106.296	-20%	128.011	121.309	+6%	153.845	-17%	204.607	-37%	215.227	-41%
Quick Ratio	-	-	1.204	0.542	+122%	0.370	+225%	0.483	+149%	0.765	+57%
Return On Assets	-	-	0.009	0.010	-2%	0.011	-12%	0.008	+16%	0.008	+23%
Return On Equity	-	-	0.057	0.055	+4%	0.054	+5%	0.038	+49%	0.030	+93%
Total Gains Per Share	-	-	0.900	0.952	-5%	1.032	-13%	0.720	+25%	1.030	-13%
Usd Book Value	-	-	6381000000.000	6829750000.000	-7%	7756250000.000	-18%	8840950000.000	-28%	8765749125.000	-27%
Usd Book Value Change Per Share	-	-	-0.663	-0.614	-7%	-0.465	-30%	-0.650	-2%	-0.032	-95%
Usd Book Value Per Share	-	-	14.685	15.718	-7%	17.850	-18%	20.346	-28%	20.173	-27%
Usd Dividend Per Share	-	-	1.563	1.567	0%	1.497	+4%	1.371	+14%	1.062	+47%
Usd Eps	-	-	0.835	0.864	-3%	0.963	-13%	0.692	+21%	0.523	+60%
Usd Free Cash Flow	-	-	511000000.000	425500000.000	+20%	392000000.000	+30%	342000000.000	+49%	277484550.000	+84%
Usd Free Cash Flow Per Share	-	-	1.176	0.979	+20%	0.902	+30%	0.787	+49%	0.639	+84%
Usd Free Cash Flow To Equity Per Share	-	-	-0.005	0.028	-117%	-0.056	+1113%	0.029	-116%	0.603	-101%
Usd Market Cap	41561838000.000	-20%	50052358800.000	49426650000.000	+1%	68781257100.000	-27%	65491071660.000	-24%	52813298880.000	-5%
Usd Price Per Share	95.650	-20%	115.190	113.750	+1%	158.293	-27%	150.721	-24%	121.544	-5%
Usd Profit	-	-	363000000.000	375250000.000	-3%	418750000.000	-13%	316350000.000	+15%	242775625.000	+50%
Usd Revenue	-	-	1674000000.000	1745250000.000	-4%	1746500000.000	-4%	1599700000.000	+5%	1327202375.000	+26%
Usd Total Gains Per Share	-	-	0.900	0.952	-5%	1.032	-13%	0.720	+25%	1.030	-13%
	EOD	+4 -4	MRQ	TTM	+13 -22	YOY	+15 -20	5Y	+21 -15	10Y	+19 -17

4.2. Fundamental Score

Let's check the fundamental score of Crown Castle based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	28.624
Price to Book Ratio (EOD)	Between	0-1	6.513
Net Profit Margin (MRQ)	Greater than	0	0.217
Operating Margin (MRQ)	Greater than	0	0.360
Quick Ratio (MRQ)	Greater than	1	1.204
Current Ratio (MRQ)	Greater than	1	0.399
Debt to Asset Ratio (MRQ)	Less than	1	0.834
Debt to Equity Ratio (MRQ)	Less than	1	5.038
Return on Equity (MRQ)	Greater than	0.15	0.057
Return on Assets (MRQ)	Greater than	0.05	0.009
Total			4/10 (40.0%)

Create your own Stock Scanner

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

4.3. Technical Score

Let's check the technical score of Crown Castle based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	28.005
Ma 20	Greater than	Ma 50	101.947
Ma 50	Greater than	Ma 100	105.072
Ma 100	Greater than	Ma 200	107.698
Open	Greater than	Close	96.720
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

Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Assets		73,000	20,000	93,000	-22,000	71,000	1,000	72,000	-3,184,000	-3,112,000

Latest Balance Sheet

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

Summary

Total Assets	38,527,000
Total Liabilities	32,146,000
Total Stockholder Equity	6,381,000

	As reported
Total Liabilities	32,146,000
Total Stockholder Equity	+ 6,381,000
Total Assets	= 38,527,000

Assets

Total Assets	38,527,000
Total Current Assets	1,032,000
Long-term Assets	37,495,000

Total Current Assets

Total Current Assets (as reported)	1,032,000
Cash And Cash Equivalents	276,000
Net Receivables	2,836,000
Other Current Assets	-3,112,000
Total Current Assets (calculated)	0
+/-	1,032,000

Long-term Assets

Long-term Assets (as reported)	37,495,000
Property Plant Equipment	21,853,000
Goodwill	10,085,000
Intangible Assets	3,179,000
Long-term Assets Other	2,326,000
Long-term Assets (calculated)	37,443,000
+/-	52,000

Liabilities & Shareholders' Equity

Total Current Liabilities	2,585,000
Long-term Liabilities	29,561,000
Total Stockholder Equity	6,381,000

Total Current Liabilities

Total Current Liabilities (as reported)	2,585,000
Short-term Debt	1,167,000
Short Long Term Debt	835,000
Accounts payable	252,000
Other Current Liabilities	561,000
Total Current Liabilities (calculated)	2,815,000
+/-	230,000

Long-term Liabilities

Long-term Liabilities (as reported)	29,561,000
Long term Debt	22,086,000
Capital Lease Obligations	5,893,000
Long-term Liabilities Other	7,000
Long-term Liabilities (calculated)	27,986,000
+/-	1,575,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	6,381,000
Common Stock	4,000
Retained Earnings	-11,889,000
Accumulated Other Comprehensive Income	-4,000
Other Stockholders Equity	18,270,000
Total Stockholder Equity (calculated)	6,381,000
+/-	0

Other

Capital Stock	4,000
Cash and Short Term Investments	276,000
Common Stock Shares Outstanding	434,000
Current Deferred Revenue	605,000
Liabilities and Stockholders Equity	38,527,000
Net Debt	28,538,000
Net Invested Capital	29,302,000
Net Working Capital	-1,553,000
Property Plant and Equipment Gross	36,132,000
Short Long Term Debt Total	28,814,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

> Total Assets

0
0
0
371,400
0
418,800
1,369,900
1,523,200
2,123,700
3,029,100
3,581,600
3,836,700
4,212,512
4,871,660
6,307,154
6,439,841
6,868,546
7,471,826
7,523,189
7,375,458
7,375,458
7,300,035
7,044,465
6,892,601
6,759,054
6,754,321
6,430,707
6,737,591
6,446,880
6,370,206
4,972,678
4,571,522
4,303,369
4,197,797
4,162,971
4,131,317
4,130,756
4,562,118
4,519,603
5,006,168
10,628,109
10,621,023
10,506,316
10,488,133
10,470,363
10,477,820
10,449,865
10,361,722
10,749,903
10,552,413
10,483,219
10,956,606
10,560,509
10,352,414
10,653,242
10,469,529
10,397,194
10,385,320
10,443,215
10,545,096
12,124,656
12,597,676
12,736,419
16,054,795
15,372,505
15,392,585
15,567,572
20,594,908
20,569,666
20,672,059
20,784,860
21,143,276
21,105,477
21,011,629
21,995,644
22,036,245
21,718,251
22,160,250
22,171,723
22,675,092
23,776,842
24,483,624
31,011,756
32,229,570
32,250,000
32,374,000
32,644,000
32,785,000
37,778,000
38,147,000
38,344,000
38,480,000
38,616,000
40,901,000
38,786,000
38,768,000
38,752,000
38,973,000
39,004,000
39,040,000
39,071,000
39,013,000
38,861,000
38,921,000
39,054,000
39,042,000
38,699,000
38,527,000

38,527,000

38,699,000

39,042,000

39,054,000

38,921,000

38,861,000

39,013,000

39,071,000

39,040,000

39,004,000

38,973,000

38,752,000

38,768,000

38,786,000

40,901,000

38,616,000

38,480,000

38,344,000

38,147,000

37,778,000

32,785,000

32,644,000

32,374,000

32,250,000

32,229,570

31,011,756

24,483,624

23,776,842

22,675,092

22,171,723

22,160,250

21,718,251

22,036,245

21,995,644

21,011,629

21,105,477

21,143,276

20,784,860

20,672,059

20,569,666

20,594,908

15,567,572

15,392,585

15,372,505

16,054,795

12,736,419

12,597,676

12,124,656

10,545,096

10,443,215

10,385,320

10,397,194

10,469,529

10,653,242

10,352,414

10,560,509

10,956,606

10,483,219

10,552,413

10,749,903

10,361,722

10,449,865

10,477,820

10,470,363

10,488,133

10,506,316

10,621,023

10,628,109

5,006,168

4,519,603

4,562,118

4,130,756

4,131,317

4,162,971

4,197,797

4,303,369

4,571,522

4,972,678

6,370,206

6,446,880

6,737,591

6,430,707

6,754,321

6,759,054

6,892,601

7,044,465

7,300,035

7,375,458

7,523,189

7,471,826

6,868,546

6,439,841

6,307,154

4,871,660

4,212,512

3,836,700

3,581,600

3,029,100

2,123,700

1,523,200

1,369,900

418,800

371,400

> Total Current Assets

0
0
0
67,200
0
65,400
243,900
342,100
154,800
767,500
574,800
662,000
635,391
473,747
1,025,173
772,134
1,091,250
1,087,241
1,057,248
1,216,061
1,216,061
1,124,720
991,300
867,081
787,009
706,747
438,655
641,760
355,102
2,328,805
989,245
637,314
436,384
390,990
207,521
221,295
260,179
701,449
231,312
800,027
410,470
374,372
421,420
497,255
543,360
539,274
507,274
485,168
936,779
741,234
675,293
1,196,033
814,069
672,219
754,305
545,145
516,071
511,942
522,280
599,152
1,648,009
739,110
777,376
1,581,324
865,415
880,066
999,803
892,683
852,268
947,746
978,795
953,102
927,514
1,117,560
1,024,371
981,245
820,882
824,791
839,675
1,324,761
916,449
951,335
7,474,555
1,133,780
1,074,000
1,164,000
1,249,000
1,229,000
1,193,000
1,294,000
1,253,000
1,204,000
1,247,000
3,436,000
1,184,000
1,104,000
1,176,000
1,329,000
1,332,000
1,254,000
1,261,000
1,290,000
1,182,000
1,217,000
1,325,000
1,349,000
1,126,000
1,032,000

1,032,000

1,126,000

1,349,000

1,325,000

1,217,000

1,182,000

1,290,000

1,261,000

1,254,000

1,332,000

1,329,000

1,176,000

1,104,000

1,184,000

3,436,000

1,247,000

1,204,000

1,253,000

1,294,000

1,193,000

1,229,000

1,249,000

1,164,000

1,074,000

1,133,780

7,474,555

951,335

916,449

1,324,761

839,675

824,791

820,882

981,245

1,024,371

1,117,560

927,514

953,102

978,795

947,746

852,268

892,683

999,803

880,066

865,415

1,581,324

777,376

739,110

1,648,009

599,152

522,280

511,942

516,071

545,145

754,305

672,219

814,069

1,196,033

675,293

741,234

936,779

485,168

507,274

539,274

543,360

497,255

421,420

374,372

410,470

800,027

231,312

701,449

260,179

221,295

207,521

390,990

436,384

637,314

989,245

2,328,805

355,102

641,760

438,655

706,747

787,009

867,081

991,300

1,124,720

1,216,061

1,057,248

1,087,241

1,091,250

772,134

1,025,173

473,747

635,391

662,000

574,800

767,500

154,800

342,100

243,900

65,400

67,200

Cash And Cash Equivalents

0
0
0
55,100
0
51,300
201,300
296,500
101,800
705,900
492,200
549,300
509,505
332,049
816,938
453,833
716,941
659,034
536,695
804,602
804,602
701,375
605,319
516,172
476,950
459,702
255,672
462,427
171,485
232,503
908,505
567,148
383,077
258,962
71,350
65,408
97,431
522,595
66,084
592,716
124,536
92,432
119,802
75,245
97,232
98,754
73,104
155,219
609,337
334,989
268,831
766,146
397,496
242,087
303,979
112,531
82,320
108,116
75,524
80,120
1,063,684
96,175
118,903
441,364
160,865
126,886
218,649
223,394
200,537
227,479
238,550
175,620
240,153
338,609
184,116
178,810
175,702
202,338
156,219
567,599
205,192
199,663
6,719,134
314,094
220,000
206,000
323,000
277,000
245,000
288,000
182,000
196,000
310,000
2,514,000
242,000
232,000
254,000
339,000
357,000
292,000
312,000
281,000
174,000
156,000
187,000
276,000
117,000
276,000

276,000

117,000

276,000

187,000

156,000

174,000

281,000

312,000

292,000

357,000

339,000

254,000

232,000

242,000

2,514,000

310,000

196,000

182,000

288,000

245,000

277,000

323,000

206,000

220,000

314,094

6,719,134

199,663

205,192

567,599

156,219

202,338

175,702

178,810

184,116

338,609

240,153

175,620

238,550

227,479

200,537

223,394

218,649

126,886

160,865

441,364

118,903

96,175

1,063,684

80,120

75,524

108,116

82,320

112,531

303,979

242,087

397,496

766,146

268,831

334,989

609,337

155,219

73,104

98,754

97,232

75,245

119,802

92,432

124,536

592,716

66,084

522,595

97,431

65,408

71,350

258,962

383,077

567,148

908,505

232,503

171,485

462,427

255,672

459,702

476,950

516,172

605,319

701,375

804,602

536,695

659,034

716,941

453,833

816,938

332,049

509,505

549,300

492,200

705,900

101,800

296,500

201,300

51,300

55,100

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
38,000
37,500
37,500
73,500
72,963
72,963
87,460
78,804
115,697
78,264
63,456
0
0
0
0
151,500
0
0
0
0
91,939
0
0
0
115,503
159,579
146,605
152,903
165,556
175,880
180,638
169,975
147,852
159,019
190,886
182,718
213,514
174,722
204,308
207,055
221,015
230,431
193,608
223,573
252,368
288,969
275,948
273,305
575,938
139,455
161,541
157,699
183,526
163,953
155,725
137,824
147,411
136,964
143,016
116,653
130,731
129,419
132,119
116,932
124,547
115,128
117,913
115,730
121,065
120,000
125,000
125,000
131,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

131,000

125,000

120,000

121,065

115,730

117,913

115,128

124,547

116,932

132,119

129,419

130,731

116,653

143,016

136,964

147,411

137,824

155,725

163,953

183,526

157,699

161,541

139,455

575,938

273,305

275,948

288,969

252,368

223,573

193,608

230,431

221,015

207,055

204,308

174,722

213,514

182,718

190,886

159,019

147,852

169,975

180,638

175,880

165,556

152,903

146,605

159,579

115,503

91,939

151,500

63,456

78,264

115,697

78,804

87,460

72,963

73,500

37,500

38,000

Net Receivables

0
0
0
10,100
0
11,600
34,500
36,400
37,100
41,100
56,100
78,600
88,041
93,338
134,127
173,126
198,414
201,406
212,464
190,860
190,860
178,686
171,175
135,864
132,547
84,564
90,083
82,053
84,987
35,652
40,456
28,366
17,871
13,059
20,597
26,137
26,368
33,819
34,154
44,203
40,121
45,528
54,011
59,395
60,162
58,621
58,086
67,271
62,997
35,927
33,382
57,778
41,265
49,054
55,201
59,912
53,671
57,093
64,762
77,258
79,872
124,154
141,399
192,833
212,732
201,028
236,211
249,925
245,556
304,015
311,798
350,829
292,565
253,342
324,566
313,296
254,669
229,015
276,259
373,532
302,697
305,982
317,856
397,585
402,000
455,000
471,000
501,000
545,000
591,000
667,000
596,000
495,000
439,000
455,000
431,000
412,000
434,000
493,000
543,000
503,000
516,000
535,000
720,000
690,000
613,000
627,000
2,836,000

2,836,000

627,000

613,000

690,000

720,000

535,000

516,000

503,000

543,000

493,000

434,000

412,000

431,000

455,000

439,000

495,000

596,000

667,000

591,000

545,000

501,000

471,000

455,000

402,000

397,585

317,856

305,982

302,697

373,532

276,259

229,015

254,669

313,296

324,566

253,342

292,565

350,829

311,798

304,015

245,556

249,925

236,211

201,028

212,732

192,833

141,399

124,154

79,872

77,258

64,762

57,093

53,671

59,912

55,201

49,054

41,265

57,778

33,382

35,927

62,997

67,271

58,086

58,621

60,162

59,395

54,011

45,528

40,121

44,203

34,154

33,819

26,368

26,137

20,597

13,059

17,871

28,366

40,456

35,652

84,987

82,053

90,083

84,564

132,547

135,864

171,175

178,686

190,860

212,464

201,406

198,414

173,126

134,127

93,338

88,041

78,600

56,100

41,100

37,100

36,400

34,500

11,600

10,100

Other Current Assets

0
0
0
700
0
1,300
2,900
2,600
7,300
7,900
11,200
14,900
12,897
15,798
20,148
28,535
25,589
29,152
39,182
44,865
44,865
54,504
58,446
53,732
58,032
62,396
67,590
81,738
81,195
2,020,628
31,916
6,395
3,048
86,650
77,542
129,750
136,380
145,035
131,074
163,108
245,813
236,412
247,607
11,049
8,592
9,532
10,398
12,200
7,095
7,771
19,639
13,955
24,269
25,132
118,797
372,702
380,080
346,733
381,994
441,774
504,453
518,781
517,074
634,197
545,143
208,558
652,226
77,121
83,224
76,275
96,182
94,211
83,393
214,396
222,251
225,214
119,563
116,114
133,163
130,362
140,095
151,801
154,600
138,670
157,000
181,000
148,000
148,000
160,000
168,000
167,000
168,000
178,000
192,000
201,000
202,000
216,000
227,000
182,000
145,000
162,000
175,000
194,000
73,000
93,000
71,000
72,000
-3,112,000

-3,112,000

72,000

71,000

93,000

73,000

194,000

175,000

162,000

145,000

182,000

227,000

216,000

202,000

201,000

192,000

178,000

168,000

167,000

168,000

160,000

148,000

181,000

157,000

138,670

154,600

151,801

140,095

130,362

133,163

116,114

119,563

225,214

222,251

214,396

83,393

94,211

96,182

76,275

83,224

77,121

652,226

208,558

545,143

634,197

517,074

518,781

504,453

441,774

381,994

346,733

380,080

372,702

118,797

25,132

24,269

13,955

19,639

7,771

7,095

12,200

10,398

9,532

8,592

11,049

247,607

236,412

245,813

163,108

131,074

145,035

136,380

129,750

77,542

86,650

3,048

6,395

31,916

2,020,628

81,195

81,738

67,590

62,396

58,032

53,732

58,446

54,504

44,865

39,182

29,152

25,589

28,535

20,148

15,798

12,897

14,900

11,200

7,900

7,300

2,600

2,900

1,300

700

> Long-term Assets

0
0
0
304,200
0
353,400
1,126,000
1,181,100
1,968,900
2,261,600
3,006,800
3,174,700
3,577,121
4,397,913
5,281,981
5,667,707
5,777,296
6,384,585
6,465,941
0
6,159,397
6,175,315
6,053,165
6,025,520
5,972,045
6,047,574
5,992,052
6,095,831
6,091,778
4,041,401
3,983,433
3,934,208
3,866,985
3,806,807
3,955,450
3,910,022
3,870,577
3,860,669
4,288,291
4,206,141
10,217,639
10,246,651
10,084,896
9,990,878
9,927,003
9,938,546
9,942,591
9,876,554
9,813,124
9,811,179
9,807,926
9,760,573
9,746,440
9,680,195
9,898,937
9,924,384
9,881,123
9,873,378
9,920,935
9,945,944
10,476,647
11,858,566
11,959,043
14,473,471
14,507,090
14,512,519
14,567,769
19,702,225
19,717,398
19,724,313
19,806,065
20,190,174
20,177,963
19,894,069
20,971,273
21,055,000
20,897,369
21,335,459
21,332,048
21,350,331
22,860,393
23,532,289
23,537,201
31,095,790
31,176,000
31,210,000
31,395,000
31,556,000
36,585,000
36,853,000
37,091,000
37,276,000
37,369,000
37,465,000
37,602,000
37,664,000
37,576,000
37,644,000
37,672,000
37,786,000
37,810,000
37,723,000
37,679,000
37,704,000
37,729,000
37,693,000
37,573,000
37,495,000

37,495,000

37,573,000

37,693,000

37,729,000

37,704,000

37,679,000

37,723,000

37,810,000

37,786,000

37,672,000

37,644,000

37,576,000

37,664,000

37,602,000

37,465,000

37,369,000

37,276,000

37,091,000

36,853,000

36,585,000

31,556,000

31,395,000

31,210,000

31,176,000

31,095,790

23,537,201

23,532,289

22,860,393

21,350,331

21,332,048

21,335,459

20,897,369

21,055,000

20,971,273

19,894,069

20,177,963

20,190,174

19,806,065

19,724,313

19,717,398

19,702,225

14,567,769

14,512,519

14,507,090

14,473,471

11,959,043

11,858,566

10,476,647

9,945,944

9,920,935

9,873,378

9,881,123

9,924,384

9,898,937

9,680,195

9,746,440

9,760,573

9,807,926

9,811,179

9,813,124

9,876,554

9,942,591

9,938,546

9,927,003

9,990,878

10,084,896

10,246,651

10,217,639

4,206,141

4,288,291

3,860,669

3,870,577

3,910,022

3,955,450

3,806,807

3,866,985

3,934,208

3,983,433

4,041,401

6,091,778

6,095,831

5,992,052

6,047,574

5,972,045

6,025,520

6,053,165

6,175,315

6,159,397

6,465,941

6,384,585

5,777,296

5,667,707

5,281,981

4,397,913

3,577,121

3,174,700

3,006,800

2,261,600

1,968,900

1,181,100

1,126,000

353,400

304,200

Property Plant Equipment

0
0
0
82,000
0
131,500
544,500
592,600
1,233,200
1,615,600
2,347,000
2,468,100
2,851,855
3,698,226
4,081,113
4,303,037
4,450,622
4,694,745
4,808,305
4,844,912
4,844,912
4,926,574
4,856,346
4,828,033
4,796,141
4,770,377
4,708,688
4,741,945
4,700,727
3,622,355
3,583,257
3,369,565
3,304,591
3,242,818
3,326,801
3,294,333
3,241,708
3,207,025
3,260,049
3,246,446
5,140,944
5,123,413
5,047,374
5,051,055
5,021,536
5,061,982
5,059,917
5,060,126
4,992,087
4,964,104
4,926,598
4,895,983
4,842,394
4,786,553
4,897,340
4,893,651
4,854,182
4,828,564
4,864,400
4,861,227
4,836,152
5,347,867
5,380,541
6,917,531
6,882,411
6,892,277
6,904,346
8,947,677
8,927,218
8,888,426
8,870,817
9,148,311
9,139,703
9,042,284
9,498,568
9,580,057
9,559,397
9,670,358
9,714,149
9,805,315
10,293,693
10,507,736
10,599,604
12,932,885
13,051,000
13,218,000
13,433,000
13,676,000
19,852,000
20,204,000
20,528,000
20,822,000
21,013,000
21,214,000
21,449,000
21,626,000
21,663,000
21,796,000
21,833,000
21,951,000
21,985,000
21,882,000
21,878,000
21,933,000
21,974,000
21,956,000
21,882,000
21,853,000

21,853,000

21,882,000

21,956,000

21,974,000

21,933,000

21,878,000

21,882,000

21,985,000

21,951,000

21,833,000

21,796,000

21,663,000

21,626,000

21,449,000

21,214,000

21,013,000

20,822,000

20,528,000

20,204,000

19,852,000

13,676,000

13,433,000

13,218,000

13,051,000

12,932,885

10,599,604

10,507,736

10,293,693

9,805,315

9,714,149

9,670,358

9,559,397

9,580,057

9,498,568

9,042,284

9,139,703

9,148,311

8,870,817

8,888,426

8,927,218

8,947,677

6,904,346

6,892,277

6,882,411

6,917,531

5,380,541

5,347,867

4,836,152

4,861,227

4,864,400

4,828,564

4,854,182

4,893,651

4,897,340

4,786,553

4,842,394

4,895,983

4,926,598

4,964,104

4,992,087

5,060,126

5,059,917

5,061,982

5,021,536

5,051,055

5,047,374

5,123,413

5,140,944

3,246,446

3,260,049

3,207,025

3,241,708

3,294,333

3,326,801

3,242,818

3,304,591

3,369,565

3,583,257

3,622,355

4,700,727

4,741,945

4,708,688

4,770,377

4,796,141

4,828,033

4,856,346

4,926,574

4,844,912

4,808,305

4,694,745

4,450,622

4,303,037

4,081,113

3,698,226

2,851,855

2,468,100

2,347,000

1,615,600

1,233,200

592,600

544,500

131,500

82,000

Goodwill

0
0
0
152,500
0
148,300
563,700
569,700
617,800
608,800
608,100
596,100
595,166
596,813
1,091,587
1,112,876
1,095,530
1,079,778
1,067,603
1,051,431
1,035,498
1,040,283
1,039,657
1,067,041
1,050,975
1,137,564
1,142,357
1,206,713
1,238,800
270,438
270,438
333,718
333,718
333,718
341,936
340,412
340,412
340,412
390,365
391,448
1,954,047
1,956,522
1,990,785
1,970,501
1,970,501
1,970,501
1,981,816
1,983,950
1,983,950
1,984,183
1,984,183
1,984,804
1,984,823
1,984,779
2,029,139
2,029,296
2,029,316
2,030,585
2,031,949
2,035,390
2,114,624
2,776,121
2,801,161
3,119,957
3,180,510
3,138,018
3,140,308
4,916,426
4,934,148
4,939,755
5,091,800
5,188,491
5,215,348
5,160,106
5,527,134
5,513,551
5,531,064
5,744,681
5,750,033
5,757,676
6,530,001
6,919,358
6,905,922
10,021,468
10,075,000
10,075,000
10,074,000
10,078,000
10,078,000
10,078,000
10,078,000
10,078,000
10,078,000
10,078,000
10,078,000
10,078,000
10,078,000
10,078,000
10,078,000
10,078,000
10,078,000
10,087,000
10,087,000
10,085,000
10,085,000
10,085,000
10,085,000
10,085,000

10,085,000

10,087,000

10,078,000

10,074,000

10,075,000

10,021,468

6,905,922

6,919,358

6,530,001

5,757,676

5,750,033

5,744,681

5,531,064

5,513,551

5,527,134

5,160,106

5,215,348

5,188,491

5,091,800

4,939,755

4,934,148

4,916,426

3,140,308

3,138,018

3,180,510

3,119,957

2,801,161

2,776,121

2,114,624

2,035,390

2,031,949

2,030,585

2,029,316

2,029,296

2,029,139

1,984,779

1,984,823

1,984,804

1,984,183

1,983,950

1,981,816

1,970,501

1,990,785

1,956,522

1,954,047

391,448

390,365

340,412

341,936

333,718

270,438

1,238,800

1,206,713

1,142,357

1,137,564

1,050,975

1,067,041

1,039,657

1,040,283

1,035,498

1,051,431

1,067,603

1,079,778

1,095,530

1,112,876

1,091,587

596,813

595,166

596,100

608,100

608,800

617,800

569,700

563,700

148,300

152,500

Intangible Assets

0
0
0
152,500
0
148,300
563,700
569,700
617,800
608,800
608,100
596,100
595,166
596,813
1,091,587
1,112,876
1,095,530
1,079,778
1,067,603
1,051,431
1,051,431
1,040,283
1,039,657
1,067,041
1,050,975
1,137,564
1,142,357
1,206,713
1,235,433
267,071
267,071
333,718
333,718
333,718
341,936
340,412
340,412
340,412
229,519
225,295
2,776,510
2,743,879
2,699,237
2,676,288
2,639,950
2,609,636
2,593,619
2,551,332
2,514,048
2,478,757
2,443,134
103,166
2,385,930
2,351,513
2,338,517
116,551
2,274,152
2,246,507
2,211,643
2,178,182
2,243,389
2,391,292
2,368,650
2,941,696
2,861,315
2,852,434
2,821,812
4,057,865
3,997,518
3,922,063
3,795,426
3,715,700
3,650,945
3,631,987
3,837,360
3,779,915
3,707,129
3,779,957
3,737,448
3,650,072
3,894,362
3,953,812
3,885,311
5,961,759
5,854,000
5,729,000
5,620,000
5,516,000
5,178,000
5,074,000
4,968,000
4,836,000
4,734,000
4,626,000
4,535,000
4,433,000
4,324,000
4,222,000
4,115,000
4,046,000
3,935,000
3,822,000
3,699,000
3,596,000
3,496,000
3,388,000
3,276,000
3,179,000

3,179,000

3,276,000

3,388,000

3,496,000

3,596,000

3,699,000

3,822,000

3,935,000

4,046,000

4,115,000

4,222,000

4,324,000

4,433,000

4,535,000

4,626,000

4,734,000

4,836,000

4,968,000

5,074,000

5,178,000

5,516,000

5,620,000

5,729,000

5,854,000

5,961,759

3,885,311

3,953,812

3,894,362

3,650,072

3,737,448

3,779,957

3,707,129

3,779,915

3,837,360

3,631,987

3,650,945

3,715,700

3,795,426

3,922,063

3,997,518

4,057,865

2,821,812

2,852,434

2,861,315

2,941,696

2,368,650

2,391,292

2,243,389

2,178,182

2,211,643

2,246,507

2,274,152

116,551

2,338,517

2,351,513

2,385,930

103,166

2,443,134

2,478,757

2,514,048

2,551,332

2,593,619

2,609,636

2,639,950

2,676,288

2,699,237

2,743,879

2,776,510

225,295

229,519

340,412

341,936

333,718

267,071

1,235,433

1,206,713

1,142,357

1,137,564

1,050,975

1,067,041

1,039,657

1,040,283

1,051,431

1,067,603

1,079,778

1,095,530

1,112,876

1,091,587

596,813

595,166

596,100

608,100

608,800

617,800

569,700

563,700

148,300

152,500

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
725,266
699,687
1,200,868
1,364,670
1,326,674
1,689,840
1,657,636
1,314,485
1,268,200
1,248,741
1,196,819
1,197,487
1,175,904
1,277,197
1,283,364
1,353,886
1,430,778
457,338
439,587
564,643
562,394
563,989
628,649
615,689
628,869
653,644
1,028,242
959,695
5,076,695
5,123,238
5,037,522
4,939,823
4,905,467
4,876,564
4,882,674
4,816,428
4,821,037
4,847,075
4,881,328
4,864,590
4,904,046
4,893,642
5,001,597
5,030,733
5,026,941
5,044,814
5,056,535
5,084,717
5,640,495
6,510,699
6,578,502
7,589,854
7,624,679
7,620,242
7,663,423
10,754,548
10,790,180
10,835,887
10,935,248
11,063,463
11,038,260
10,851,785
11,472,705
11,474,943
11,337,972
11,665,101
11,617,899
11,545,016
12,566,700
13,024,553
12,937,597
18,162,905
18,125,000
2,188,000
2,268,000
2,286,000
104,000
106,000
1,517,000
1,540,000
1,544,000
1,547,000
1,540,000
12,356,000
1,511,000
1,548,000
1,646,000
1,711,000
1,812,000
1,932,000
135,000
136,000
134,000
136,000
141,000
0

141,000

136,000

134,000

136,000

135,000

1,932,000

1,812,000

1,711,000

1,646,000

1,548,000

1,511,000

12,356,000

1,540,000

1,547,000

1,544,000

1,540,000

1,517,000

106,000

104,000

2,286,000

2,268,000

2,188,000

18,125,000

18,162,905

12,937,597

13,024,553

12,566,700

11,545,016

11,617,899

11,665,101

11,337,972

11,474,943

11,472,705

10,851,785

11,038,260

11,063,463

10,935,248

10,835,887

10,790,180

10,754,548

7,663,423

7,620,242

7,624,679

7,589,854

6,578,502

6,510,699

5,640,495

5,084,717

5,056,535

5,044,814

5,026,941

5,030,733

5,001,597

4,893,642

4,904,046

4,864,590

4,881,328

4,847,075

4,821,037

4,816,428

4,882,674

4,876,564

4,905,467

4,939,823

5,037,522

5,123,238

5,076,695

959,695

1,028,242

653,644

628,869

615,689

628,649

563,989

562,394

564,643

439,587

457,338

1,430,778

1,353,886

1,283,364

1,277,197

1,175,904

1,197,487

1,196,819

1,248,741

1,268,200

1,314,485

1,657,636

1,689,840

1,326,674

1,364,670

1,200,868

699,687

725,266

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
864,819
958,321
1,003,557
0
1,098,003
1,144,424
1,193,929
1,230,905
1,281,528
1,311,250
1,256,517
0
1,306,408
1,317,898
1,333,790
1,321,777
1,317,658
1,310,233
1,299,440
1,285,547
1,300,338
1,304,000
1,303,000
1,357,000
1,366,000
1,373,000
1,391,000
1,413,000
1,424,000
1,428,000
1,428,000
1,420,000
1,408,000
1,389,000
1,425,000
1,516,000
1,588,000
1,682,000
1,796,000
1,880,000
0
2,040,000
2,128,000
0
0

2,128,000

2,040,000

1,880,000

1,796,000

1,682,000

1,588,000

1,516,000

1,425,000

1,389,000

1,408,000

1,420,000

1,428,000

1,424,000

1,413,000

1,391,000

1,373,000

1,366,000

1,357,000

1,303,000

1,304,000

1,300,338

1,285,547

1,299,440

1,310,233

1,317,658

1,321,777

1,333,790

1,317,898

1,306,408

1,256,517

1,311,250

1,281,528

1,230,905

1,193,929

1,144,424

1,098,003

1,003,557

958,321

864,819

> Total Liabilities

0
0
0
168,900
0
227,200
576,300
545,300
896,400
1,326,500
1,648,500
1,740,800
2,111,280
2,677,003
2,891,243
3,020,917
4,050,005
4,744,251
4,013,612
4,841,874
4,841,874
4,917,498
4,710,478
4,512,720
4,461,248
4,468,682
4,232,044
4,544,845
4,264,937
4,249,583
2,633,404
2,707,429
2,563,890
2,845,619
2,936,197
2,926,149
2,914,492
3,638,788
3,644,156
4,220,835
7,110,423
7,108,242
7,096,713
7,321,222
7,424,397
7,303,367
7,295,119
7,645,857
7,974,154
7,628,764
7,631,700
8,020,521
7,873,400
7,870,544
8,272,245
8,024,535
7,934,198
8,016,528
8,129,563
8,158,232
9,387,990
9,731,678
9,793,614
16,054,795
15,372,505
12,467,693
15,567,572
13,653,733
13,634,999
13,792,623
13,922,115
14,406,048
14,546,684
13,607,393
14,755,341
14,947,024
14,565,257
15,211,943
15,418,006
15,117,977
16,413,362
16,893,315
18,339,424
19,890,488
19,418,000
19,808,000
20,349,000
20,751,000
26,032,000
26,624,000
27,019,000
27,982,000
28,495,000
31,075,000
29,284,000
29,307,000
29,766,000
30,260,000
30,488,000
30,782,000
31,035,000
31,152,000
31,182,000
31,472,000
31,831,000
31,996,000
32,030,000
32,146,000

32,146,000

32,030,000

31,996,000

31,831,000

31,472,000

31,182,000

31,152,000

31,035,000

30,782,000

30,488,000

30,260,000

29,766,000

29,307,000

29,284,000

31,075,000

28,495,000

27,982,000

27,019,000

26,624,000

26,032,000

20,751,000

20,349,000

19,808,000

19,418,000

19,890,488

18,339,424

16,893,315

16,413,362

15,117,977

15,418,006

15,211,943

14,565,257

14,947,024

14,755,341

13,607,393

14,546,684

14,406,048

13,922,115

13,792,623

13,634,999

13,653,733

15,567,572

12,467,693

15,372,505

16,054,795

9,793,614

9,731,678

9,387,990

8,158,232

8,129,563

8,016,528

7,934,198

8,024,535

8,272,245

7,870,544

7,873,400

8,020,521

7,631,700

7,628,764

7,974,154

7,645,857

7,295,119

7,303,367

7,424,397

7,321,222

7,096,713

7,108,242

7,110,423

4,220,835

3,644,156

3,638,788

2,914,492

2,926,149

2,936,197

2,845,619

2,563,890

2,707,429

2,633,404

4,249,583

4,264,937

4,544,845

4,232,044

4,468,682

4,461,248

4,512,720

4,710,478

4,917,498

4,841,874

4,013,612

4,744,251

4,050,005

3,020,917

2,891,243

2,677,003

2,111,280

1,740,800

1,648,500

1,326,500

896,400

545,300

576,300

227,200

168,900

> Total Current Liabilities

0
0
0
12,000
0
9,500
77,300
92,900
78,300
85,800
105,100
131,300
143,464
185,628
243,377
324,876
398,022
408,590
492,763
411,453
411,453
736,653
707,560
360,769
331,773
382,847
360,746
643,530
396,872
1,790,657
172,814
285,065
340,806
197,614
284,907
464,214
448,376
177,775
187,537
200,795
259,794
238,409
255,333
371,987
432,569
435,367
450,516
834,358
559,098
732,490
644,704
754,105
627,376
572,467
669,791
440,885
392,730
381,573
376,834
402,106
425,842
489,124
531,817
1,237,858
637,626
644,198
679,718
756,387
708,272
795,878
845,567
898,935
821,955
780,244
824,542
855,369
811,946
883,140
897,738
961,355
902,195
997,912
1,048,871
1,292,082
1,187,000
1,286,000
1,304,000
1,417,000
1,565,000
1,698,000
1,734,000
1,924,000
2,669,000
1,964,000
1,925,000
1,969,000
1,870,000
2,018,000
1,987,000
2,026,000
1,776,000
1,871,000
2,584,000
2,731,000
2,535,000
2,725,000
2,549,000
2,585,000

2,585,000

2,549,000

2,725,000

2,535,000

2,731,000

2,584,000

1,871,000

1,776,000

2,026,000

1,987,000

2,018,000

1,870,000

1,969,000

1,925,000

1,964,000

2,669,000

1,924,000

1,734,000

1,698,000

1,565,000

1,417,000

1,304,000

1,286,000

1,187,000

1,292,082

1,048,871

997,912

902,195

961,355

897,738

883,140

811,946

855,369

824,542

780,244

821,955

898,935

845,567

795,878

708,272

756,387

679,718

644,198

637,626

1,237,858

531,817

489,124

425,842

402,106

376,834

381,573

392,730

440,885

669,791

572,467

627,376

754,105

644,704

732,490

559,098

834,358

450,516

435,367

432,569

371,987

255,333

238,409

259,794

200,795

187,537

177,775

448,376

464,214

284,907

197,614

340,806

285,065

172,814

1,790,657

396,872

643,530

360,746

382,847

331,773

360,769

707,560

736,653

411,453

492,763

408,590

398,022

324,876

243,377

185,628

143,464

131,300

105,100

85,800

78,300

92,900

77,300

9,500

12,000

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,086
29,086
351,710
369,091
14,250
19,000
28,375
37,750
267,142
46,461
1,275,385
0
97,250
182,564
52,927
145,000
295,000
295,000
10,000
10,000
0
6,500
6,500
6,500
81,500
156,500
156,500
166,500
466,217
225,517
248,720
113,106
217,196
19,553
20,775
22,039
28,687
29,562
30,708
33,612
32,517
77,776
79,303
88,093
688,056
94,839
97,013
115,378
103,586
105,467
105,624
106,673
113,335
115,998
94,702
102,188
106,219
87,823
100,345
101,362
101,749
112,882
114,932
114,198
115,251
130,000
112,000
111,000
107,000
383,000
387,000
396,000
399,000
1,249,000
406,000
430,000
458,000
491,000
409,000
417,000
421,000
426,000
418,000
1,163,000
1,169,000
1,149,000
1,161,000
1,166,000
1,167,000

1,167,000

1,166,000

1,161,000

1,149,000

1,169,000

1,163,000

418,000

426,000

421,000

417,000

409,000

491,000

458,000

430,000

406,000

1,249,000

399,000

396,000

387,000

383,000

107,000

111,000

112,000

130,000

115,251

114,198

114,932

112,882

101,749

101,362

100,345

87,823

106,219

102,188

94,702

115,998

113,335

106,673

105,624

105,467

103,586

115,378

97,013

94,839

688,056

88,093

79,303

77,776

32,517

33,612

30,708

29,562

28,687

22,039

20,775

19,553

217,196

113,106

248,720

225,517

466,217

166,500

156,500

81,500

6,500

10,000

295,000

145,000

52,927

182,564

97,250

1,275,385

46,461

267,142

37,750

28,375

19,000

14,250

369,091

351,710

29,086

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
113,335
0
0
0
106,219
87,823
100,345
101,362
101,749
112,882
13,841,265
15,204,415
115,000
130,000
112,000
111,000
107,000
96,000
98,000
100,000
111,000
949,000
99,000
114,000
129,000
159,000
71,000
72,000
72,000
71,000
70,000
819,000
819,000
819,000
819,000
827,000
835,000

835,000

827,000

819,000

70,000

71,000

72,000

71,000

159,000

129,000

114,000

99,000

949,000

111,000

100,000

98,000

96,000

107,000

111,000

112,000

130,000

115,000

15,204,415

13,841,265

112,882

101,749

101,362

100,345

87,823

106,219

113,335

Accounts payable

0
0
0
7,800
0
6,300
30,300
46,000
27,400
22,700
31,800
46,000
43,640
76,730
82,120
100,766
83,191
93,928
100,766
104,149
104,149
77,072
75,684
63,852
50,744
41,537
47,168
40,749
37,235
9,060
8,963
12,323
6,765
10,398
11,064
12,230
12,953
16,686
16,667
18,545
27,512
23,522
25,636
37,366
32,377
33,153
37,593
33,808
26,135
27,324
24,423
33,053
24,771
26,074
28,100
39,649
30,231
32,691
29,655
32,055
31,909
46,279
48,373
308,675
311,995
304,765
315,533
392,687
127,053
132,529
175,110
167,662
146,894
153,909
157,024
159,629
141,574
143,082
148,916
188,516
154,753
178,927
179,335
230,279
248,000
272,000
302,000
313,000
311,000
337,000
368,000
334,000
296,000
280,000
264,000
230,000
187,000
219,000
231,000
246,000
224,000
230,000
229,000
236,000
233,000
240,000
215,000
252,000

252,000

215,000

240,000

233,000

236,000

229,000

230,000

224,000

246,000

231,000

219,000

187,000

230,000

264,000

280,000

296,000

334,000

368,000

337,000

311,000

313,000

302,000

272,000

248,000

230,279

179,335

178,927

154,753

188,516

148,916

143,082

141,574

159,629

157,024

153,909

146,894

167,662

175,110

132,529

127,053

392,687

315,533

304,765

311,995

308,675

48,373

46,279

31,909

32,055

29,655

32,691

30,231

39,649

28,100

26,074

24,771

33,053

24,423

27,324

26,135

33,808

37,593

33,153

32,377

37,366

25,636

23,522

27,512

18,545

16,667

16,686

12,953

12,230

11,064

10,398

6,765

12,323

8,963

9,060

37,235

40,749

47,168

41,537

50,744

63,852

75,684

77,072

104,149

100,766

93,928

83,191

100,766

82,120

76,730

43,640

46,000

31,800

22,700

27,400

46,000

30,300

6,300

7,800

Other Current Liabilities

0
0
0
4,200
0
3,200
47,000
46,900
50,900
63,100
73,300
85,300
99,824
108,898
161,257
224,110
25,177
47,055
391,997
278,218
278,218
246,318
218,506
74,472
43,861
60,053
47,596
68,180
39,087
409,169
42,548
58,753
37,856
17,159
18,877
24,512
7,464
9,781
8,627
79,549
95,434
87,477
96,316
108,361
106,459
90,416
92,386
160,120
148,478
161,805
337,112
324,207
411,342
344,693
386,712
170,426
134,416
142,166
138,661
170,296
141,981
168,212
174,607
192,676
215,121
192,605
195,844
247,297
220,429
237,591
236,519
269,600
231,793
218,278
250,682
266,898
249,838
275,703
288,777
318,085
267,802
316,988
367,891
489,436
344,000
426,000
407,000
499,000
369,000
471,000
445,000
530,000
383,000
515,000
444,000
577,000
378,000
585,000
517,000
583,000
405,000
522,000
506,000
590,000
432,000
531,000
518,000
561,000

561,000

518,000

531,000

432,000

590,000

506,000

522,000

405,000

583,000

517,000

585,000

378,000

577,000

444,000

515,000

383,000

530,000

445,000

471,000

369,000

499,000

407,000

426,000

344,000

489,436

367,891

316,988

267,802

318,085

288,777

275,703

249,838

266,898

250,682

218,278

231,793

269,600

236,519

237,591

220,429

247,297

195,844

192,605

215,121

192,676

174,607

168,212

141,981

170,296

138,661

142,166

134,416

170,426

386,712

344,693

411,342

324,207

337,112

161,805

148,478

160,120

92,386

90,416

106,459

108,361

96,316

87,477

95,434

79,549

8,627

9,781

7,464

24,512

18,877

17,159

37,856

58,753

42,548

409,169

39,087

68,180

47,596

60,053

43,861

74,472

218,506

246,318

278,218

391,997

47,055

25,177

224,110

161,257

108,898

99,824

85,300

73,300

63,100

50,900

46,900

47,000

3,200

4,200

> Long-term Liabilities

0
0
0
156,900
0
217,700
499,000
452,400
818,100
1,240,700
1,543,400
1,609,500
1,967,816
2,491,375
2,647,866
2,696,041
3,651,983
4,335,661
3,520,849
0
4,430,421
4,180,845
4,002,918
4,151,951
4,129,475
4,085,835
3,871,298
3,901,315
3,868,065
2,458,926
2,460,590
2,422,364
2,223,084
2,648,005
2,651,290
2,461,935
2,466,116
3,461,013
3,456,619
4,020,040
6,850,629
6,869,833
6,841,380
6,949,235
6,991,828
6,868,000
6,844,603
6,811,499
7,415,056
6,896,274
6,986,996
7,266,416
7,246,024
7,298,077
7,602,454
7,583,650
7,541,468
7,634,955
7,752,729
7,756,126
8,962,148
9,242,554
9,261,797
11,865,673
11,770,248
11,823,495
11,890,564
12,897,346
12,926,727
12,996,745
13,076,548
13,507,113
13,724,729
12,827,149
13,930,799
14,091,655
13,753,311
14,328,803
14,520,268
14,156,622
15,511,167
15,895,403
17,290,553
18,598,406
18,231,000
18,522,000
19,045,000
19,334,000
24,467,000
24,926,000
25,285,000
26,058,000
25,826,000
29,111,000
27,359,000
27,338,000
27,896,000
28,242,000
28,501,000
28,756,000
29,259,000
29,281,000
28,598,000
28,741,000
29,296,000
29,271,000
29,481,000
29,561,000

29,561,000

29,481,000

29,271,000

29,296,000

28,741,000

28,598,000

29,281,000

29,259,000

28,756,000

28,501,000

28,242,000

27,896,000

27,338,000

27,359,000

29,111,000

25,826,000

26,058,000

25,285,000

24,926,000

24,467,000

19,334,000

19,045,000

18,522,000

18,231,000

18,598,406

17,290,553

15,895,403

15,511,167

14,156,622

14,520,268

14,328,803

13,753,311

14,091,655

13,930,799

12,827,149

13,724,729

13,507,113

13,076,548

12,996,745

12,926,727

12,897,346

11,890,564

11,823,495

11,770,248

11,865,673

9,261,797

9,242,554

8,962,148

7,756,126

7,752,729

7,634,955

7,541,468

7,583,650

7,602,454

7,298,077

7,246,024

7,266,416

6,986,996

6,896,274

7,415,056

6,811,499

6,844,603

6,868,000

6,991,828

6,949,235

6,841,380

6,869,833

6,850,629

4,020,040

3,456,619

3,461,013

2,466,116

2,461,935

2,651,290

2,648,005

2,223,084

2,422,364

2,460,590

2,458,926

3,868,065

3,901,315

3,871,298

4,085,835

4,129,475

4,151,951

4,002,918

4,180,845

4,430,421

3,520,849

4,335,661

3,651,983

2,696,041

2,647,866

2,491,375

1,967,816

1,609,500

1,543,400

1,240,700

818,100

452,400

499,000

217,700

156,900

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,750,207
6,702,793
6,785,550
6,903,074
0
0
0
0
10,923,186
10,741,317
10,691,509
0
11,490,914
11,467,859
11,464,627
11,467,005
11,807,526
11,954,093
11,036,602
0
12,143,019
11,778,176
12,325,859
12,491,596
12,069,393
13,380,091
13,726,333
15,090,217
16,044,369
15,616,000
15,844,000
16,313,000
16,575,000
17,120,000
17,471,000
17,750,000
18,021,000
17,746,000
21,014,000
19,190,000
19,151,000
19,713,000
20,014,000
20,293,000
20,557,000
21,055,000
21,212,000
20,664,000
20,910,000
21,513,000
21,599,000
21,903,000
0

21,903,000

21,599,000

21,513,000

20,910,000

20,664,000

21,212,000

21,055,000

20,557,000

20,293,000

20,014,000

19,713,000

19,151,000

19,190,000

21,014,000

17,746,000

18,021,000

17,750,000

17,471,000

17,120,000

16,575,000

16,313,000

15,844,000

15,616,000

16,044,369

15,090,217

13,726,333

13,380,091

12,069,393

12,491,596

12,325,859

11,778,176

12,143,019

11,036,602

11,954,093

11,807,526

11,467,005

11,464,627

11,467,859

11,490,914

10,691,509

10,741,317

10,923,186

6,903,074

6,785,550

6,702,793

6,750,207

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
864,819
958,321
1,003,557
0
1,098,003
1,144,424
1,193,929
1,230,905
1,281,528
1,311,250
1,256,517
0
1,306,408
1,317,898
1,333,790
1,321,777
1,317,658
1,310,233
1,299,440
1,285,547
1,300,338
1,304,000
1,303,000
1,357,000
1,366,000
1,373,000
1,391,000
1,413,000
1,424,000
1,428,000
1,428,000
1,420,000
1,408,000
1,389,000
1,425,000
1,516,000
1,588,000
1,682,000
1,796,000
1,880,000
0
2,040,000
2,128,000
0
0

2,128,000

2,040,000

1,880,000

1,796,000

1,682,000

1,588,000

1,516,000

1,425,000

1,389,000

1,408,000

1,420,000

1,428,000

1,424,000

1,413,000

1,391,000

1,373,000

1,366,000

1,357,000

1,303,000

1,304,000

1,300,338

1,285,547

1,299,440

1,310,233

1,317,658

1,321,777

1,333,790

1,317,898

1,306,408

1,256,517

1,311,250

1,281,528

1,230,905

1,193,929

1,144,424

1,098,003

1,003,557

958,321

864,819

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
75,250
77,213
82,970
93,354
99,457
120,569
146,146
157,549
159,711
164,958
166,948
183,227
184,661
197,435
200,674
211,763
322,762
156,594
154,786
161,176
162,364
163,610
166,561
174,306
178,355
183,020
190,065
193,279
291,112
298,535
303,488
366,483
452,444
370,975
424,113
825,800
790,152
483,714
553,882
514,691
454,236
537,225
604,150
450,176
455,856
470,244
477,232
500,350
514,702
853,106
869,991
910,571
978,595
1,021,230
1,076,521
1,349,919
1,406,734
1,477,995
1,552,425
1,659,698
1,732,484
1,755,430
1,859,304
1,946,577
1,975,135
2,002,944
2,028,672
2,079,154
2,131,076
2,169,070
2,200,336
2,548,845
2,615,000
2,678,000
2,732,000
2,759,000
2,009,000
2,028,000
2,055,000
2,516,000
2,513,000
2,482,000
2,456,000
2,379,000
2,327,000
2,265,000
2,208,000
2,168,000
2,106,000
2,052,000
1,993,000
1,950,000
1,927,000
1,922,000
1,918,000
0

1,918,000

1,922,000

1,927,000

1,950,000

1,993,000

2,052,000

2,106,000

2,168,000

2,208,000

2,265,000

2,327,000

2,379,000

2,456,000

2,482,000

2,513,000

2,516,000

2,055,000

2,028,000

2,009,000

2,759,000

2,732,000

2,678,000

2,615,000

2,548,845

2,200,336

2,169,070

2,131,076

2,079,154

2,028,672

2,002,944

1,975,135

1,946,577

1,859,304

1,755,430

1,732,484

1,659,698

1,552,425

1,477,995

1,406,734

1,349,919

1,076,521

1,021,230

978,595

910,571

869,991

853,106

514,702

500,350

477,232

470,244

455,856

450,176

604,150

537,225

454,236

514,691

553,882

483,714

790,152

825,800

424,113

370,975

452,444

366,483

303,488

298,535

291,112

193,279

190,065

183,020

178,355

174,306

166,561

163,610

162,364

161,176

154,786

156,594

322,762

211,763

200,674

197,435

184,661

183,227

166,948

164,958

159,711

157,549

146,146

120,569

99,457

93,354

82,970

77,213

75,250

> Total Stockholder Equity

0
0
0
202,500
0
191,600
755,100
938,700
1,174,200
1,650,500
1,878,600
2,040,600
2,026,703
2,073,881
3,290,443
3,263,580
2,666,757
2,558,323
3,341,720
3,243,509
2,364,648
2,212,026
2,164,813
2,208,498
2,123,013
2,083,524
1,996,177
1,984,413
1,971,626
1,912,923
2,128,098
1,833,625
1,710,076
1,323,986
1,199,258
1,178,376
1,190,997
897,171
847,568
756,281
3,490,182
3,512,457
3,409,603
3,166,911
3,045,966
3,174,453
3,154,746
2,715,865
2,776,288
2,924,695
2,852,238
2,936,241
2,687,239
2,482,071
2,381,394
2,445,373
2,462,892
2,368,538
2,313,062
2,386,245
2,736,534
2,864,441
2,940,077
2,938,746
2,950,413
2,911,472
2,982,972
6,926,717
6,918,265
6,861,338
6,844,974
6,716,225
6,536,720
7,404,236
7,240,303
7,089,221
7,152,994
6,948,307
6,753,717
7,557,115
7,363,480
7,590,309
12,672,332
12,339,082
12,832,000
12,566,000
12,295,000
12,034,000
11,746,000
11,523,000
11,325,000
10,498,000
10,121,000
9,826,000
9,502,000
9,461,000
8,986,000
8,713,000
8,516,000
8,258,000
8,036,000
7,861,000
7,679,000
7,449,000
7,223,000
7,046,000
6,669,000
6,381,000

6,381,000

6,669,000

7,046,000

7,223,000

7,449,000

7,679,000

7,861,000

8,036,000

8,258,000

8,516,000

8,713,000

8,986,000

9,461,000

9,502,000

9,826,000

10,121,000

10,498,000

11,325,000

11,523,000

11,746,000

12,034,000

12,295,000

12,566,000

12,832,000

12,339,082

12,672,332

7,590,309

7,363,480

7,557,115

6,753,717

6,948,307

7,152,994

7,089,221

7,240,303

7,404,236

6,536,720

6,716,225

6,844,974

6,861,338

6,918,265

6,926,717

2,982,972

2,911,472

2,950,413

2,938,746

2,940,077

2,864,441

2,736,534

2,386,245

2,313,062

2,368,538

2,462,892

2,445,373

2,381,394

2,482,071

2,687,239

2,936,241

2,852,238

2,924,695

2,776,288

2,715,865

3,154,746

3,174,453

3,045,966

3,166,911

3,409,603

3,512,457

3,490,182

756,281

847,568

897,171

1,190,997

1,178,376

1,199,258

1,323,986

1,710,076

1,833,625

2,128,098

1,912,923

1,971,626

1,984,413

1,996,177

2,083,524

2,123,013

2,208,498

2,164,813

2,212,026

2,364,648

3,243,509

3,341,720

2,558,323

2,666,757

3,263,580

3,290,443

2,073,881

2,026,703

2,040,600

1,878,600

1,650,500

1,174,200

938,700

755,100

191,600

202,500

Common Stock

0
0
0
-160,700
0
-164,900
0
-240,300
-260,600
-266,200
1,600
1,600
1,601
1,662
1,972
1,989
2,137
2,145
2,158
2,188
2,188
2,215
2,153
2,160
2,237
2,190
2,194
2,208
2,222
2,253
2,236
2,241
2,255
2,173
2,137
2,142
2,160
2,068
2,019
2,021
2,841
2,846
2,851
2,825
2,823
2,827
2,886
2,885
2,905
2,908
2,912
2,927
2,912
2,903
2,909
2,908
2,907
2,871
2,845
2,844
2,929
2,930
2,932
2,932
2,938
2,927
2,927
3,341
3,338
3,339
3,339
3,339
3,339
3,339
3,339
3,338
3,375
3,375
3,375
3,605
3,614
3,661
4,063
4,063
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000

4,000

4,063

3,661

3,614

3,605

3,375

3,338

3,339

3,338

3,341

2,927

2,938

2,932

2,930

2,929

2,844

2,845

2,871

2,907

2,908

2,909

2,903

2,912

2,927

2,912

2,908

2,905

2,885

2,886

2,827

2,823

2,825

2,851

2,846

2,841

2,021

2,019

2,068

2,160

2,142

2,137

2,173

2,255

2,241

2,236

2,253

2,222

2,208

2,194

2,190

2,237

2,160

2,153

2,215

2,188

2,158

2,145

2,137

1,989

1,972

1,662

1,601

1,600

-266,200

-260,600

-240,300

-164,900

-160,700

Retained Earnings Total Equity

-11,155,000

-10,929,000

-10,666,000

-10,405,000

-10,188,000

-9,971,000

-9,753,000

-9,467,000

-9,240,000

-8,995,000

-8,472,000

-8,402,000

-8,044,000

-7,712,000

-7,365,000

-6,503,000

-6,277,000

-6,022,000

-5,732,000

-5,447,000

-5,144,000

-4,858,000

-4,504,616

-4,145,527

-3,841,187

-3,602,985

-3,378,838

-3,159,059

-2,946,081

-2,720,364

-2,458,397

-2,110,438

-2,978,356

-2,815,428

-2,677,959

-2,656,718

-2,562,541

-2,535,879

-2,558,169

-2,610,528

-2,625,990

-2,855,860

-2,899,597

-2,925,266

-2,960,082

Accumulated Other Comprehensive Income

0
0
0
-4,900
0
-7,900
-13,200
-22,800
-34,700
-22,800
100
-3,000
-5,393
-16,143
-30,044
-25,100
-56,078
-73,271
-41,695
-566,837
-43,246
-2,842
-2,650
39,323
5,354
95,854
115,610
249,313
296,161
254,590
35,330
44,584
33,864
34,508
48,266
40,439
58,156
86,527
149,498
65,000
58,635
114,461
69,305
26,166
-40,440
22,537
-30,593
-408,329
-363,280
-111,985
-161,330
-124,224
-155,112
-230,843
-207,241
-178,978
-164,197
-141,746
-140,602
-116,996
-93,043
-89,065
-71,633
-61,791
-52,036
-77,491
-61,339
-23,612
4,059
26,205
19,006
15,820
8,304
-6,866
-3,754
-4,398
-4,977
-4,006
-5,541
-5,888
-5,713
-5,183
-4,959
-3,989
-4,000
-5,000
-5,000
-5,000
-5,000
-5,000
-5,000
-5,000
-6,000
-6,000
-4,000
-4,000
-3,000
-2,000
-3,000
-4,000
-3,000
-5,000
-7,000
-5,000
-6,000
-5,000
-5,000
-4,000

-4,000

-5,000

-6,000

-5,000

-7,000

-5,000

-3,000

-4,000

-3,000

-2,000

-3,000

-4,000

-6,000

-5,000

-4,000

-3,989

-4,959

-5,183

-5,713

-5,888

-5,541

-4,006

-4,977

-4,398

-3,754

-6,866

8,304

15,820

19,006

26,205

4,059

-23,612

-61,339

-77,491

-52,036

-61,791

-71,633

-89,065

-93,043

-116,996

-140,602

-141,746

-164,197

-178,978

-207,241

-230,843

-155,112

-124,224

-161,330

-111,985

-363,280

-408,329

-30,593

22,537

-40,440

26,166

69,305

114,461

58,635

65,000

149,498

86,527

58,156

40,439

48,266

34,508

33,864

44,584

35,330

254,590

296,161

249,313

115,610

95,854

5,354

39,323

-2,650

-2,842

-43,246

-566,837

-41,695

-73,271

-56,078

-25,100

-30,044

-16,143

-5,393

-3,000

100

-22,800

-34,700

-22,800

-13,200

-7,900

-4,900

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
0
5,581,525
5,549,448
5,407,010
5,306,679
0
0
0
0
5,623,595
5,610,039
5,544,205
0
9,482,769
9,473,311
9,488,414
9,500,490
9,512,396
9,503,335
9,518,103
0
9,548,580
9,874,862
9,894,921
9,914,844
10,938,236
10,968,564
11,433,018
16,818,738
16,843,607
17,690,000
17,711,000
17,743,000
17,767,000
17,769,000
17,801,000
17,829,000
17,855,000
17,835,000
17,872,000
17,904,000
17,933,000
17,917,000
17,951,000
17,982,000
18,011,000
18,006,000
18,050,000
18,087,000
18,116,000
18,154,000
18,202,000
18,241,000
0

18,241,000

18,202,000

18,154,000

18,116,000

18,087,000

18,050,000

18,006,000

18,011,000

17,982,000

17,951,000

17,917,000

17,933,000

17,904,000

17,872,000

17,835,000

17,855,000

17,829,000

17,801,000

17,769,000

17,767,000

17,743,000

17,711,000

17,690,000

16,843,607

16,818,738

11,433,018

10,968,564

10,938,236

9,914,844

9,894,921

9,874,862

9,548,580

9,518,103

9,503,335

9,512,396

9,500,490

9,488,414

9,473,311

9,482,769

5,544,205

5,610,039

5,623,595

5,306,679

5,407,010

5,549,448

5,581,525

Treasury Stock

Other Stockholders Equity

0
0
0
224,400
0
233,700
820,200
1,060,900
1,344,500
1,835,400
1,799,900
1,805,000
1,831,119
1,952,341
2,855,365
2,894,095
3,354,086
3,783,848
3,283,852
0
3,993,550
4,209,656
4,275,220
3,315,215
3,347,009
2,588,042
3,273,277
3,333,402
2,841,379
2,872,808
2,855,428
3,386,749
2,903,946
2,753,978
2,652,689
3,173,709
2,868,343
2,564,543
2,556,533
2,873,858
5,343,611
5,347,765
5,362,045
5,561,454
5,211,462
5,221,598
5,292,138
5,614,507
5,309,527
5,323,023
5,336,516
5,685,874
5,276,365
5,249,437
5,265,130
5,581,525
5,232,635
5,089,965
5,001,869
5,007,310
5,591,191
5,599,106
5,615,263
5,623,595
5,610,039
5,544,205
5,553,717
9,482,769
9,473,311
9,488,414
9,500,490
9,512,396
9,503,335
9,518,103
9,532,597
9,548,580
9,874,862
9,894,921
9,914,844
10,938,236
10,968,564
11,433,018
16,818,738
16,843,607
17,690,000
17,711,000
17,743,000
17,767,000
17,769,000
17,801,000
17,829,000
17,743,000
17,835,000
17,872,000
17,904,000
17,933,000
17,917,000
17,951,000
17,982,000
18,011,000
18,006,000
18,050,000
18,087,000
18,116,000
18,154,000
7,047,000
6,670,000
18,270,000

18,270,000

6,670,000

7,047,000

18,154,000

18,116,000

18,087,000

18,050,000

18,006,000

18,011,000

17,982,000

17,951,000

17,917,000

17,933,000

17,904,000

17,872,000

17,835,000

17,743,000

17,829,000

17,801,000

17,769,000

17,767,000

17,743,000

17,711,000

17,690,000

16,843,607

16,818,738

11,433,018

10,968,564

10,938,236

9,914,844

9,894,921

9,874,862

9,548,580

9,532,597

9,518,103

9,503,335

9,512,396

9,500,490

9,488,414

9,473,311

9,482,769

5,553,717

5,544,205

5,610,039

5,623,595

5,615,263

5,599,106

5,591,191

5,007,310

5,001,869

5,089,965

5,232,635

5,581,525

5,265,130

5,249,437

5,276,365

5,685,874

5,336,516

5,323,023

5,309,527

5,614,507

5,292,138

5,221,598

5,211,462

5,561,454

5,362,045

5,347,765

5,343,611

2,873,858

2,556,533

2,564,543

2,868,343

3,173,709

2,652,689

2,753,978

2,903,946

3,386,749

2,855,428

2,872,808

2,841,379

3,333,402

3,273,277

2,588,042

3,347,009

3,315,215

4,275,220

4,209,656

3,993,550

3,283,852

3,783,848

3,354,086

2,894,095

2,855,365

1,952,341

1,831,119

1,805,000

1,799,900

1,835,400

1,344,500

1,060,900

820,200

233,700

224,400

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	252,000	236,000	246,000	230,000	334,000	313,000	230,279	188,516	159,629	167,662	392,687	308,675	32,055	39,649	33,053	33,808	37,366	18,545	12,230	12,323	40,749	63,852	104,149	100,766	46,000	46,000	7,800
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	-4,000	-5,000	-4,000	-4,000	-5,000	-5,000	-3,989	-5,888	-4,398	15,820	-23,612	-61,791	-116,996	-178,978	-124,224	-408,329	26,166	65,000	40,439	44,584	249,313	39,323	-43,246	-25,100	-3,000	-22,800	-4,900
Additional Paid In Capital	0	0	0	0	0	0	16,843,607	10,938,236	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	5,893,000	6,231,000	6,380,000	6,137,000	5,810,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	4,000	4,000	4,000	4,000	4,000	4,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	18,116,000	18,011,000	17,933,000	17,855,000	17,767,000	16,843,607	10,938,236	9,548,580	9,512,396	9,482,769	5,623,595	0	5,581,525	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	276,000	156,000	292,000	232,000	196,000	277,000	314,094	567,599	178,810	175,620	223,394	441,364	80,120	112,531	766,146	155,219	75,245	592,716	65,408	567,148	462,427	516,172	804,602	453,833	549,300	296,500	55,100
Cash And Equivalents	0	156,000	292,000	232,000	196,000	277,000	314,094	567,599	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	276,000	156,000	292,000	232,000	196,000	277,000	314,094	567,599	178,810	175,620	223,394	441,364	80,120	112,531	766,146	155,219	75,245	592,716	65,408	567,148	462,427	631,869	877,565	491,833	549,300	296,500	55,100
Common Stock	4,000	4,000	4,000	4,000	4,000	4,000	4,063	3,605	3,338	3,339	3,341	2,932	2,844	2,908	2,927	2,885	2,825	2,021	2,142	2,241	2,208	2,160	2,188	1,989	1,600	-240,300	-160,700
Common Stock Shares Outstanding	434,000	434,000	434,000	425,000	418,000	415,000	383,221	340,879	334,062	333,265	299,293	291,270	285,947	286,764	286,622	282,007	279,937	207,245	217,759	221,693	216,947	218,028	214,246	178,588	131,466	42,518	6,211
Common Stock Total Equity	0	4,000	4,000	4,000	4,000	4,000	4,063	3,605	3,338	3,339	3,341	2,932	2,844	2,908	2,927	2,885	2,825	2,021	2,142	2,241	2,208	2,160	2,188	1,989	1,600	0	0
Current Deferred Revenue	605,000	736,000	776,000	704,000	661,000	498,000	457,116	353,005	322,623	348,338	260,114	241,127	167,238	202,123	179,649	174,213	144,760	102,701	132,472	116,739	267,459	208,195	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	1,588,000	1,408,000	1,424,000	1,366,000	1,300,338	1,317,658	1,306,408	1,281,528	1,098,003	864,819	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	10,085,000	10,085,000	10,078,000	10,078,000	10,078,000	10,078,000	10,021,468	5,757,676	5,513,551	5,188,491	4,916,426	3,119,957	2,035,390	2,029,296	1,984,804	1,983,950	1,970,501	391,448	340,412	333,718	1,206,713	1,067,041	1,051,431	1,112,876	596,100	569,700	152,500
Intangible Assets	3,179,000	3,596,000	4,046,000	4,433,000	4,836,000	5,516,000	5,961,759	3,650,072	3,779,915	3,715,700	4,057,865	2,941,696	2,178,182	2,313,929	2,405,422	2,551,332	2,676,288	225,295	340,412	333,718	1,206,713	1,067,041	1,051,431	1,112,876	596,100	569,700	152,500
Inventory	0	268,000	274,000	239,000	244,000	303,000	283,431	253,268	263,925	332,442	342,243	312,930	0	0	371,501	250,478	351,566	0	3,573	6,422	15,542	45,616	102,771	78,640	19,200	6,600	1,300
Liabilities And Stockholders Equity	38,527,000	38,921,000	39,040,000	38,768,000	38,480,000	32,785,000	32,229,570	22,675,092	22,036,245	21,143,276	20,594,908	16,054,795	10,545,096	10,469,529	10,956,606	10,361,722	10,488,133	5,006,168	4,131,317	4,571,522	6,737,591	6,892,601	7,375,458	6,439,841	3,836,700	1,523,200	371,400
Long Term Debt	22,086,000	20,910,000	20,557,000	19,151,000	18,021,000	16,575,000	16,044,369	12,069,393	12,143,019	11,807,526	11,490,914	10,923,186	6,853,182	6,750,207	6,361,954	5,630,527	5,987,695	3,513,890	1,975,686	1,753,148	3,182,850	3,212,710	3,394,011	2,602,687	0	0	0
Long Term Debt Total	0	20,910,000	20,557,000	19,151,000	18,021,000	16,575,000	16,044,369	12,069,393	12,143,019	11,807,526	11,490,914	10,923,186	0	6,750,207	0	0	0	0	0	0	0	0	0	0	0	0	0
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
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	28,538,000	27,804,000	26,717,000	25,185,000	23,735,000	16,405,000	15,845,526	11,603,543	12,070,428	11,745,241	11,371,106	11,169,878	6,805,579	6,666,363	5,813,004	5,941,525	5,993,950	2,921,174	2,205,278	1,283,250	2,987,565	2,710,788	2,618,495	2,148,854	993,000	133,200	101,200
Net Invested Capital	29,302,000	29,178,000	28,887,000	28,741,000	28,270,000	28,716,000	28,498,685	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	2,836,000	720,000	543,000	431,000	596,000	501,000	397,585	373,532	313,296	350,829	249,925	192,833	77,258	59,912	44,431	67,271	59,395	44,203	26,137	28,366	82,053	135,864	190,860	173,126	78,600	36,400	10,100
Net Tangible Assets	0	-2,697,000	-5,866,000	-685,000	339,000	1,649,000	-3,644,162	-1,850,633	-2,204,343	-2,209,664	-2,047,672	-3,122,907	0	2,761,954	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-1,553,000	-1,514,000	-772,000	-865,000	-139,000	-188,000	-158,302	363,406	125,876	54,167	136,296	343,466	197,046	104,260	441,928	-349,190	125,268	599,232	-242,919	352,249	-1,770	506,312	804,608	447,258	530,700	249,200	55,200
Non Current Assets Total	37,495,000	37,704,000	37,786,000	37,664,000	37,276,000	31,556,000	31,095,790	21,350,331	21,055,000	20,190,174	19,702,225	14,473,471	9,945,944	9,924,384	9,760,573	9,876,554	9,990,878	4,206,141	3,910,022	3,934,208	6,095,831	6,025,520	6,159,397	5,667,707	3,174,700	1,181,100	304,200
Non Current Liabilities Other	7,000	1,950,000	2,168,000	2,379,000	3,074,000	191,000	206,855	224,518	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	29,561,000	28,741,000	28,756,000	27,338,000	26,058,000	19,334,000	18,598,406	14,156,622	14,091,655	13,507,113	12,897,346	11,865,673	7,756,126	7,583,650	7,266,416	6,811,499	6,949,235	4,020,040	2,461,935	2,422,364	3,901,315	4,151,951	4,430,421	2,696,041	1,609,500	452,400	156,900
Non Currrent Assets Other	2,326,000	2,060,000	1,680,000	1,493,000	1,504,000	2,286,000	2,179,678	2,137,268	2,181,477	2,116,758	1,761,249	7,555,940	871,145	687,508	5,000	248,599	119,542	342,952	275,277	230,925	147,173	130,446	263,054	251,794	110,500	18,800	69,700
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	21,003	14,458	12,518	0	-379	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	136,000	1,711,000	12,356,000	1,540,000	2,286,000	2,179,000	2,137,268	775,790	877,058	701,262	663,382	250,042	266,204	212,798	132,456	105,561	314,765	118,898	145,997	147,173	130,446	134,554	114,794	0	0	0
Other Current Assets	-3,112,000	73,000	145,000	202,000	168,000	148,000	138,670	130,362	225,214	94,211	77,121	634,197	441,774	372,702	13,955	12,200	11,049	163,108	129,750	6,395	81,738	53,732	44,865	28,535	14,900	2,600	700
Other Current Liab	561,000	590,000	583,000	577,000	530,000	499,000	489,436	318,085	266,898	269,600	247,297	192,676	170,296	170,426	324,207	160,120	108,361	79,549	24,512	58,753	68,180	74,472	278,218	224,110	85,300	46,900	4,200
Other Liab	0	1,950,000	2,168,000	2,379,000	2,516,000	3,110,000	2,554,000	2,087,229	1,948,636	1,659,698	1,349,919	910,571	500,350	450,176	514,691	825,800	366,483	193,279	174,306	161,176	211,763	183,227	157,549	93,354	0	0	0
Other Stockholder Equity	18,270,000	18,116,000	18,011,000	17,933,000	17,855,000	17,767,000	16,843,607	10,938,236	9,548,580	9,512,396	9,482,769	5,623,595	5,007,310	5,264,944	5,370,220	5,299,781	5,247,656	2,560,987	2,861,766	2,878,709	2,826,700	3,315,215	3,993,550	2,894,095	1,805,000	1,060,900	224,400
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	0	0	0	17	0	98	98	98	0	305,032	316,581	315,654	314,726	313,798	312,871	311,943	508,040	506,702	756,014	878,861	842,718	0	0	0
Property Plant And Equipment Gross	36,132,000	15,407,000	21,951,000	21,626,000	13,410,000	13,676,000	12,932,885	9,805,315	9,580,057	9,148,311	8,947,677	6,917,531	4,861,227	4,893,651	4,895,983	5,060,126	5,051,055	3,246,446	3,294,333	3,369,565	4,741,945	4,828,033	4,844,912	4,303,037	2,468,100	592,600	82,000
Property Plant And Equipment Net	21,853,000	21,933,000	21,951,000	21,626,000	20,822,000	13,676,000	12,932,885	9,805,315	9,580,057	9,148,311	8,947,677	6,917,531	4,861,227	4,893,651	4,895,983	5,060,126	5,051,055	3,246,446	3,294,333	3,369,565	4,741,945	4,828,033	4,844,912	4,303,037	2,468,100	592,600	82,000
Property Plant Equipment	0	21,933,000	21,951,000	15,162,000	14,666,000	13,676,000	12,932,885	9,805,315	9,580,057	9,148,311	8,947,677	6,917,531	4,861,227	4,893,651	4,895,983	5,060,126	5,051,055	3,246,446	3,294,333	3,369,565	4,741,945	4,828,033	4,844,912	4,303,037	0	0	0
Retained Earnings	-11,889,000	-10,666,000	-9,753,000	-8,472,000	-7,356,000	-5,732,000	-4,504,616	-3,378,838	-2,458,397	-2,815,428	-2,535,879	-2,625,990	-2,811,945	-2,960,082	-2,628,336	-2,493,198	-2,423,534	-2,184,598	-2,037,914	-1,599,949	-1,600,510	-1,148,200	-895,317	-450,122	-185,900	-60,200	-17,000
Retained Earnings Total Equity	0	-10,666,000	-9,753,000	-8,472,000	-7,365,000	-5,732,000	-4,504,616	-3,378,838	-2,458,397	-2,815,428	-2,535,879	-2,625,990	0	-2,960,082	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	835,000	819,000	72,000	129,000	111,000	107,000	115,251	101,749	106,219	113,335	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	28,814,000	27,960,000	27,009,000	25,417,000	23,931,000	16,682,000	16,159,620	12,171,142	12,249,238	11,920,861	11,594,500	11,611,242	6,885,699	6,778,894	6,579,150	6,096,744	6,069,195	3,513,890	2,270,686	1,850,398	3,449,992	3,226,960	3,423,097	2,602,687	1,542,300	429,700	156,300
Short Term Debt	1,167,000	1,169,000	421,000	458,000	399,000	107,000	115,251	101,749	106,219	113,335	103,586	688,056	32,517	28,687	217,196	466,217	81,500	0	295,000	97,250	267,142	14,250	29,086	0	0	0	0
Short Term Investments	0	0	0	0	0	131,000	121,065	124,547	130,731	147,411	183,526	575,938	252,368	221,015	213,514	147,852	165,556	115,503	91,939	0	0	115,697	72,963	38,000	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
Total Assets	38,527,000	38,921,000	39,040,000	38,768,000	38,480,000	32,785,000	32,229,570	22,675,092	22,036,245	21,143,276	20,594,908	16,054,795	10,545,096	10,469,529	10,956,606	10,361,722	10,488,133	5,006,168	4,131,317	4,571,522	6,737,591	6,892,601	7,375,458	6,439,841	3,836,700	1,523,200	371,400
Total Current Assets	1,032,000	1,217,000	1,254,000	1,104,000	1,204,000	1,229,000	1,133,780	1,324,761	981,245	953,102	892,683	1,581,324	599,152	545,145	1,196,033	485,168	497,255	800,027	221,295	637,314	641,760	867,081	1,216,061	772,134	662,000	342,100	67,200
Total Current Liabilities	2,585,000	2,731,000	2,026,000	1,969,000	1,924,000	1,417,000	1,292,082	961,355	855,369	898,935	756,387	1,237,858	402,106	440,885	754,105	834,358	371,987	200,795	464,214	285,065	643,530	360,769	411,453	324,876	131,300	92,900	12,000
Total Liab	32,146,000	31,472,000	30,782,000	29,307,000	27,982,000	20,751,000	19,890,488	15,117,977	14,947,024	14,406,048	13,653,733	16,054,795	8,158,232	8,024,535	8,020,521	7,645,857	7,321,222	4,220,835	2,926,149	2,707,429	4,544,845	4,512,720	4,841,874	3,020,917	1,740,800	545,300	168,900
Total Permanent Equity	0	0	0	0	0	0	12,339,082	7,557,115	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	6,381,000	7,449,000	8,258,000	9,461,000	10,498,000	12,034,000	12,339,082	7,557,115	7,089,221	6,716,225	6,926,717	2,938,746	2,386,245	2,445,373	2,936,241	2,715,865	3,166,911	756,281	1,178,376	1,833,625	1,984,413	2,208,498	2,364,648	3,263,580	2,040,600	938,700	202,500
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31
Accounts Payable	252,000	215,000	240,000	233,000	236,000	229,000	230,000	224,000	246,000	231,000	219,000	187,000	230,000	264,000	280,000	296,000	334,000	368,000	337,000	311,000	313,000	302,000	272,000	248,000	230,279	179,335	178,927	154,753	188,516	148,916	143,082	141,574	159,629	157,024	153,909	146,894	167,662	175,110	132,529	127,053	392,687	315,533	304,765	311,995	308,675	48,373	46,279	31,909	32,055	29,655	32,691	30,231	39,649	28,100	26,074	24,771	33,053	24,423	27,324	26,135	33,808	37,593	33,153	32,377	37,366	25,636	23,522	27,512	18,545	16,667	16,686	12,953	12,230	11,064	10,398	6,765	12,323	8,963	9,060	37,235	40,749	47,168	41,537	50,744	63,852	75,684	77,072	104,149	104,149	100,766	93,928	83,191	100,766	82,120	76,730	43,640	46,000	31,800	22,700	27,400	46,000	30,300	6,300	-	7,800	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-
Accumulated Other Comprehensive Income	-4,000	-5,000	-5,000	-6,000	-5,000	-7,000	-5,000	-3,000	-4,000	-3,000	-2,000	-3,000	-4,000	-4,000	-6,000	-6,000	-5,000	-5,000	-5,000	-5,000	-5,000	-5,000	-5,000	-4,000	-3,989	-4,959	-5,183	-5,713	-5,888	-5,541	-4,006	-4,977	-4,398	-3,754	-6,866	8,304	15,820	19,006	26,205	4,059	-23,612	-61,339	-77,491	-52,036	-61,791	-71,633	-89,065	-93,043	-116,996	-140,602	-141,746	-164,197	-178,978	-207,241	-230,843	-155,112	-124,224	-161,330	-111,985	-363,280	-408,329	-30,593	22,537	-40,440	26,166	69,305	114,461	58,635	65,000	149,498	86,527	58,156	40,439	48,266	34,508	33,864	44,584	35,330	254,590	296,161	249,313	115,610	95,854	5,354	39,323	-2,650	-2,842	-43,246	-566,837	-41,695	-73,271	-56,078	-25,100	-30,044	-16,143	-5,393	-3,000	100	-22,800	-34,700	-22,800	-13,200	-7,900	-	-4,900	-	-	-
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	17,743,000	17,711,000	17,690,000	16,843,607	16,818,738	11,433,018	10,968,564	10,938,236	9,914,844	9,894,921	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,893,000	5,999,000	6,092,000	6,186,000	6,231,000	6,285,000	6,365,000	6,453,000	6,380,000	6,345,000	6,301,000	6,188,000	6,137,000	6,029,000	5,922,000	5,867,000	5,810,000	5,776,000	5,716,000	5,625,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Capital Surpluse	0	18,241,000	18,202,000	18,154,000	18,116,000	18,087,000	18,050,000	18,006,000	18,011,000	17,982,000	17,951,000	17,917,000	17,933,000	17,904,000	17,872,000	17,835,000	17,855,000	17,829,000	17,801,000	17,769,000	17,767,000	17,743,000	17,711,000	17,690,000	16,843,607	16,818,738	11,433,018	10,968,564	10,938,236	9,914,844	9,894,921	9,874,862	9,548,580	0	9,518,103	9,503,335	9,512,396	9,500,490	9,488,414	9,473,311	9,482,769	0	5,544,205	5,610,039	5,623,595	0	0	0	0	5,306,679	5,407,010	5,549,448	5,581,525	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	276,000	117,000	276,000	187,000	156,000	174,000	281,000	312,000	292,000	357,000	339,000	254,000	232,000	242,000	2,514,000	310,000	196,000	182,000	288,000	245,000	277,000	323,000	206,000	220,000	314,094	6,719,134	199,663	205,192	567,599	156,219	202,338	175,702	178,810	184,116	338,609	240,153	175,620	238,550	227,479	200,537	223,394	218,649	126,886	160,865	441,364	118,903	96,175	1,063,684	80,120	75,524	108,116	82,320	112,531	303,979	242,087	397,496	766,146	268,831	334,989	609,337	155,219	73,104	98,754	97,232	75,245	119,802	92,432	124,536	592,716	66,084	522,595	97,431	65,408	71,350	258,962	383,077	567,148	908,505	232,503	171,485	462,427	255,672	459,702	476,950	516,172	605,319	701,375	804,602	804,602	536,695	659,034	716,941	453,833	816,938	332,049	509,505	549,300	492,200	705,900	101,800	296,500	201,300	51,300	-	55,100	-	-	-
Cash And Equivalents	0	117,000	276,000	187,000	156,000	174,000	281,000	312,000	292,000	357,000	339,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Cash And Short Term Investments	276,000	117,000	276,000	187,000	156,000	174,000	281,000	312,000	292,000	357,000	339,000	254,000	232,000	242,000	2,514,000	310,000	196,000	182,000	288,000	245,000	277,000	323,000	206,000	220,000	314,094	6,719,134	199,663	205,192	567,599	156,219	202,338	175,702	178,810	184,116	338,609	240,153	175,620	238,550	227,479	200,537	223,394	218,649	126,886	160,865	441,364	118,903	96,175	1,063,684	80,120	75,524	108,116	82,320	112,531	303,979	242,087	397,496	766,146	268,831	334,989	609,337	155,219	73,104	98,754	97,232	75,245	119,802	92,432	124,536	592,716	66,084	522,595	97,431	65,408	71,350	258,962	383,077	567,148	908,505	232,503	171,485	462,427	255,672	523,158	555,214	631,869	684,123	788,835	877,565	0	610,195	696,534	754,441	491,833	816,938	332,049	509,505	549,300	492,200	705,900	101,800	296,500	201,300	51,300	-	55,100	-	-	-
Common Stock	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,063	4,063	3,661	3,614	3,605	3,375	3,375	3,375	3,338	3,339	3,339	3,339	3,339	3,339	3,339	3,338	3,341	2,927	2,927	2,938	2,932	2,932	2,930	2,929	2,844	2,845	2,871	2,907	2,908	2,909	2,903	2,912	2,927	2,912	2,908	2,905	2,885	2,886	2,827	2,823	2,825	2,851	2,846	2,841	2,021	2,019	2,068	2,160	2,142	2,137	2,173	2,255	2,241	2,236	2,253	2,222	2,208	2,194	2,190	2,237	2,160	2,153	2,215	2,188	2,188	2,158	2,145	2,137	1,989	1,972	1,662	1,601	1,600	1,600	-266,200	-260,600	-240,300	0	-164,900	-	-160,700	-	-	-
Common Stock Shares Outstanding	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	434,000	433,000	433,000	429,000	419,000	418,000	418,000	418,000	418,000	417,000	417,000	416,000	416,000	410,000	408,130	397,035	365,832	361,727	352,878	338,409	338,609	334,929	334,320	333,711	333,733	333,485	333,554	333,241	333,081	333,045	319,634	291,378	292,706	292,570	290,816	292,098	291,203	285,853	284,913	283,899	287,026	289,005	286,998	286,119	286,080	288,451	288,451	286,707	286,449	287,608	285,913	283,573	288,427	279,340	279,340	282,577	282,025	273,456	273,456	201,070	212,675	214,473	214,473	215,664	218,237	223,601	223,601	222,841	221,853	219,294	219,294	216,621	215,969	216,958	216,958	216,656	220,897	219,420	219,420	214,986	214,059	211,195	211,195	191,763	165,625	158,566	158,566	147,391	125,000	92,917	92,917	8,354	8,354	8,354	5,263	5,263	5,263	5,263
Common Stock Total Equity	0	0	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,063	4,063	3,661	3,614	3,605	3,375	3,375	3,375	3,338	3,339	3,339	3,339	3,339	3,339	3,339	3,338	3,341	2,927	2,927	2,938	2,932	2,932	2,930	2,929	2,844	2,845	2,871	2,907	2,908	2,909	2,903	2,912	2,927	2,912	2,908	2,905	2,885	2,886	2,827	2,823	2,825	2,851	2,846	2,841	2,021	2,019	2,068	2,160	2,142	2,137	2,173	2,255	2,241	2,236	2,253	2,222	2,208	2,194	2,190	2,237	2,160	2,153	2,215	2,188	2,188	2,158	2,145	2,137	1,989	1,972	1,662	1,601	1,600	1,600	0	0	0	0	0	-	-	-	-	-
Current Deferred Revenue	605,000	650,000	793,000	721,000	736,000	686,000	701,000	721,000	776,000	822,000	805,000	814,000	704,000	787,000	763,000	741,000	661,000	525,000	503,000	502,000	498,000	484,000	476,000	465,000	457,116	387,447	387,065	366,758	353,005	358,683	364,010	332,711	322,623	314,648	313,355	327,270	348,338	327,265	320,134	255,323	260,114	248,807	242,420	230,792	241,127	220,744	195,330	174,176	167,238	174,906	176,008	198,521	202,123	232,940	180,925	171,710	179,649	170,063	294,641	158,968	174,213	154,037	155,298	137,233	144,760	126,881	120,910	130,348	102,701	152,243	141,308	132,959	132,472	109,966	117,130	113,621	116,739	121,303	97,043	274,089	267,459	228,232	252,882	218,168	208,195	44,279	61,553	229,629	0	0	267,607	289,654	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Deferred Long Term Asset Charges	0	0	2,128,000	2,040,000	0	1,880,000	1,796,000	1,682,000	1,588,000	1,516,000	1,425,000	1,389,000	1,408,000	1,420,000	1,428,000	1,428,000	1,424,000	1,413,000	1,391,000	1,373,000	1,366,000	1,357,000	1,303,000	1,304,000	1,300,338	1,285,547	1,299,440	1,310,233	1,317,658	1,321,777	1,333,790	1,317,898	1,306,408	0	1,256,517	1,311,250	1,281,528	1,230,905	1,193,929	1,144,424	1,098,003	0	1,003,557	958,321	864,819	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-
Good Will	10,085,000	10,085,000	10,085,000	10,085,000	10,085,000	10,087,000	10,087,000	10,078,000	10,078,000	10,078,000	10,078,000	10,078,000	10,078,000	10,078,000	10,078,000	10,078,000	10,078,000	10,078,000	10,078,000	10,078,000	10,078,000	10,074,000	10,075,000	10,075,000	10,021,468	6,905,922	6,919,358	6,530,001	5,757,676	5,750,033	5,744,681	5,531,064	5,513,551	5,527,134	5,160,106	5,215,348	5,188,491	5,091,800	4,939,755	4,934,148	4,916,426	3,140,308	3,138,018	3,180,510	3,119,957	2,801,161	2,776,121	2,114,624	2,035,390	2,031,949	2,030,585	2,029,316	2,029,296	2,029,139	1,984,779	1,984,823	1,984,804	1,984,183	1,984,183	1,983,950	1,983,950	1,981,816	1,970,501	1,970,501	1,970,501	1,990,785	1,956,522	1,954,047	391,448	390,365	340,412	340,412	340,412	341,936	333,718	333,718	333,718	270,438	270,438	1,238,800	1,206,713	1,142,357	1,137,564	1,050,975	1,067,041	1,039,657	1,040,283	1,035,498	1,051,431	1,067,603	1,079,778	1,095,530	1,112,876	1,091,587	596,813	595,166	596,100	608,100	608,800	617,800	569,700	563,700	148,300	-	152,500	-	-	-
Intangible Assets	3,179,000	3,276,000	3,388,000	3,496,000	3,596,000	3,699,000	3,822,000	3,935,000	4,046,000	4,115,000	4,222,000	4,324,000	4,433,000	4,535,000	4,626,000	4,734,000	4,836,000	4,968,000	5,074,000	5,178,000	5,516,000	5,620,000	5,729,000	5,854,000	5,961,759	3,885,311	3,953,812	3,894,362	3,650,072	3,737,448	3,779,957	3,707,129	3,779,915	3,837,360	3,631,987	3,650,945	3,715,700	3,795,426	3,922,063	3,997,518	4,057,865	2,821,812	2,852,434	2,861,315	2,941,696	2,368,650	2,391,292	2,243,389	2,178,182	2,211,643	2,246,507	2,274,152	116,551	2,338,517	2,351,513	2,385,930	103,166	2,443,134	2,478,757	2,514,048	2,551,332	2,593,619	2,609,636	2,639,950	2,676,288	2,699,237	2,743,879	2,776,510	225,295	229,519	340,412	340,412	340,412	341,936	333,718	333,718	333,718	267,071	267,071	1,235,433	1,206,713	1,142,357	1,137,564	1,050,975	1,067,041	1,039,657	1,040,283	1,051,431	1,051,431	1,067,603	1,079,778	1,095,530	1,112,876	1,091,587	596,813	595,166	596,100	608,100	608,800	617,800	569,700	563,700	148,300	-	152,500	-	-	-
Inventory	0	310,000	389,000	355,000	268,000	279,000	318,000	284,000	274,000	300,000	329,000	294,000	239,000	286,000	291,000	264,000	244,000	237,000	247,000	243,000	303,000	307,000	322,000	295,000	283,431	282,965	293,889	268,465	253,268	274,034	277,324	270,948	263,925	293,438	311,213	311,403	332,442	332,265	339,977	322,951	342,243	-107,283	343,594	-53,325	312,930	0	0	0	0	0	0	0	0	276,328	355,946	351,039	358,154	353,441	362,547	257,350	250,478	365,686	372,367	377,374	351,566	0	0	0	0	0	0	0	3,573	3,732	4,318	4,933	6,422	8,368	9,308	17,435	15,542	25,310	36,629	41,216	45,616	77,556	102,695	102,771	102,771	195,407	160,149	112,806	78,640	53,960	32,562	24,948	19,200	15,300	12,600	8,600	6,600	5,200	1,200	-	1,300	-	-	-
Liabilities And Stockholders Equity	38,527,000	38,699,000	39,042,000	39,054,000	38,921,000	38,861,000	39,013,000	39,071,000	39,040,000	39,004,000	38,973,000	38,752,000	38,768,000	38,786,000	40,901,000	38,616,000	38,480,000	38,344,000	38,147,000	37,778,000	32,785,000	32,644,000	32,374,000	32,250,000	32,229,570	31,011,756	24,483,624	23,776,842	22,675,092	22,171,723	22,160,250	21,718,251	22,036,245	21,995,644	21,011,629	21,105,477	21,143,276	20,784,860	20,672,059	20,569,666	20,594,908	15,567,572	15,392,585	15,372,505	16,054,795	12,736,419	12,597,676	12,124,656	10,545,096	10,443,215	10,385,320	10,397,194	10,469,529	10,653,242	10,352,414	10,560,509	10,956,606	10,483,219	10,552,413	10,749,903	10,361,722	10,449,865	10,477,820	10,470,363	10,488,133	10,506,316	10,621,023	10,628,109	5,006,168	4,519,603	4,562,118	4,130,756	4,131,317	4,162,971	4,197,797	4,303,369	4,571,522	4,972,678	6,370,206	6,446,880	6,737,591	6,430,707	6,754,321	6,759,054	6,892,601	7,044,465	7,300,035	7,375,458	7,206,522	7,523,189	7,471,826	6,868,546	6,439,841	6,307,154	4,871,660	4,212,512	3,836,700	3,581,600	3,029,100	2,123,700	1,523,200	1,369,900	418,800	-	371,400	-	-	-
Long Term Debt	22,086,000	21,903,000	21,599,000	21,513,000	20,910,000	20,664,000	21,212,000	21,055,000	20,557,000	20,293,000	20,014,000	19,713,000	19,151,000	19,190,000	21,014,000	17,746,000	18,021,000	17,750,000	17,471,000	17,120,000	16,575,000	16,313,000	15,844,000	15,616,000	16,044,369	15,090,217	13,726,333	13,380,091	12,069,393	12,491,596	12,325,859	11,778,176	12,143,019	12,039,178	11,036,602	11,954,093	11,807,526	11,467,005	11,464,627	11,467,859	11,490,914	10,660,076	10,691,509	10,741,317	10,923,186	8,295,071	8,307,783	8,343,156	6,853,182	6,903,074	6,785,550	6,702,793	6,750,207	6,594,066	6,368,156	6,368,763	6,361,954	6,022,444	6,024,623	6,276,728	5,630,527	5,921,846	5,986,245	5,986,978	5,987,695	5,990,002	5,990,684	5,989,741	3,513,890	2,953,915	2,965,586	1,975,586	1,975,686	1,975,686	1,975,686	1,552,346	1,753,148	1,898,847	1,898,752	3,138,866	3,182,850	3,117,488	3,158,463	3,193,277	3,212,710	2,998,418	3,117,257	3,095,192	3,394,011	3,374,703	3,354,844	2,701,175	2,602,687	2,564,896	2,414,162	1,892,566	0	0	0	0	0	0	0	-	-	-	-	-
Long Term Debt Total	0	21,903,000	21,599,000	21,513,000	20,910,000	20,664,000	21,212,000	21,055,000	20,557,000	20,293,000	20,014,000	19,713,000	19,151,000	19,190,000	21,014,000	17,746,000	18,021,000	17,750,000	17,471,000	17,120,000	16,575,000	16,313,000	15,844,000	15,616,000	16,044,369	15,090,217	13,726,333	13,380,091	12,069,393	12,491,596	12,325,859	11,778,176	12,143,019	0	11,036,602	11,954,093	11,807,526	11,467,005	11,464,627	11,467,859	11,490,914	0	10,691,509	10,741,317	10,923,186	0	0	0	0	6,903,074	6,785,550	6,702,793	6,750,207	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-
Net Debt	28,538,000	28,612,000	28,234,000	28,331,000	27,804,000	27,594,000	27,366,000	27,267,000	26,717,000	26,353,000	26,047,000	25,806,000	25,185,000	25,091,000	24,521,000	24,252,000	23,735,000	23,444,000	22,997,000	22,596,000	16,405,000	16,101,000	15,750,000	15,526,000	15,845,526	8,485,281	13,641,602	13,287,781	11,603,543	12,436,739	12,223,866	11,690,297	12,070,428	11,957,250	10,792,695	11,829,938	11,745,241	11,335,128	11,342,772	11,372,789	11,371,106	10,556,805	10,661,636	10,675,291	11,169,878	8,264,261	9,144,017	7,357,248	6,805,579	6,861,162	6,708,142	6,650,035	6,666,363	6,312,126	6,146,844	5,990,820	5,813,004	5,866,719	5,938,354	5,892,908	5,941,525	6,015,242	6,043,991	6,046,246	5,993,950	5,876,700	5,904,752	5,871,705	2,921,174	2,897,831	2,452,991	2,173,155	2,205,278	2,049,336	1,769,651	1,351,833	1,283,250	990,342	2,941,634	3,013,842	2,987,565	2,899,566	2,727,136	2,735,327	2,710,788	2,762,190	2,767,592	2,618,495	2,618,495	2,838,008	2,695,810	1,984,234	2,148,854	1,747,958	2,082,113	1,383,061	993,000	986,600	488,800	669,400	133,200	293,000	165,600	-	101,200	-	-	-
Net Invested Capital	29,302,000	29,399,000	29,464,000	29,555,000	29,178,000	29,162,000	29,143,000	29,162,000	28,887,000	28,881,000	28,798,000	28,858,000	28,741,000	28,806,000	30,939,000	28,816,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Receivables	2,836,000	627,000	613,000	690,000	720,000	535,000	516,000	503,000	543,000	493,000	434,000	412,000	431,000	455,000	439,000	495,000	596,000	667,000	591,000	545,000	501,000	471,000	455,000	402,000	397,585	317,856	305,982	302,697	373,532	276,259	229,015	254,669	313,296	324,566	253,342	292,565	350,829	311,798	304,015	245,556	249,925	236,211	201,028	212,732	192,833	141,399	124,154	79,872	77,258	64,762	57,093	53,671	59,912	55,201	49,054	41,265	57,778	33,382	35,927	62,997	67,271	58,086	58,621	60,162	59,395	54,011	45,528	40,121	44,203	34,154	33,819	26,368	26,137	20,597	13,059	17,871	28,366	40,456	35,652	84,987	82,053	90,083	84,564	132,547	135,864	171,175	178,686	190,860	190,860	212,464	201,406	198,414	173,126	134,127	93,338	88,041	78,600	56,100	41,100	37,100	36,400	34,500	11,600	-	10,100	-	-	-
Net Tangible Assets	0	-6,692,000	-6,427,000	-6,358,000	-2,697,000	-6,107,000	-6,048,000	-5,977,000	-5,866,000	-5,677,000	-5,587,000	-5,479,000	-685,000	-5,111,000	-4,878,000	-4,691,000	339,000	-3,721,000	-3,629,000	-3,510,000	1,649,000	-3,399,000	-3,238,000	-3,097,000	-3,644,162	1,881,082	-3,282,861	-3,060,883	-1,850,633	-2,733,862	-2,576,429	-2,085,297	-2,204,343	0	-1,387,955	-2,329,671	-2,209,664	-2,042,350	-2,000,578	-2,013,499	-2,047,672	0	-3,078,980	-3,091,412	-3,122,907	0	0	0	0	406,229	439,076	505,553	2,761,954	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,553,000	-1,423,000	-1,376,000	-1,210,000	-1,514,000	-1,402,000	-581,000	-515,000	-772,000	-655,000	-689,000	-694,000	-865,000	-741,000	1,472,000	-1,422,000	-720,000	-481,000	-404,000	-372,000	-188,000	-55,000	-122,000	-113,000	-158,302	6,425,684	-46,577	14,254	363,406	-58,063	-58,349	8,936	125,876	199,829	337,316	105,559	54,167	133,228	151,868	143,996	136,296	320,085	235,868	227,789	343,466	245,559	249,986	1,222,167	197,046	145,446	130,369	123,341	104,260	84,514	99,752	186,693	441,928	30,589	8,744	377,681	-349,190	56,758	103,907	110,791	125,268	166,087	135,963	150,676	599,232	43,775	523,674	-188,197	-242,919	-77,386	193,376	95,578	352,249	816,431	538,148	-41,770	-1,770	77,909	323,900	455,236	506,312	283,740	388,067	804,608	804,608	564,485	678,651	693,228	447,258	781,796	288,119	491,927	530,700	469,700	681,700	76,500	249,200	166,600	55,900	-	-	-	-	-
Non Current Assets Total	37,495,000	37,573,000	37,693,000	37,729,000	37,704,000	37,679,000	37,723,000	37,810,000	37,786,000	37,672,000	37,644,000	37,576,000	37,664,000	37,602,000	37,465,000	37,369,000	37,276,000	37,091,000	36,853,000	36,585,000	31,556,000	31,395,000	31,210,000	31,176,000	31,095,790	23,537,201	23,532,289	22,860,393	21,350,331	21,332,048	21,335,459	20,897,369	21,055,000	20,971,273	19,894,069	20,177,963	20,190,174	19,806,065	19,724,313	19,717,398	19,702,225	14,567,769	14,512,519	14,507,090	14,473,471	11,959,043	11,858,566	10,476,647	9,945,944	9,920,935	9,873,378	9,881,123	9,924,384	9,898,937	9,680,195	9,746,440	9,760,573	9,807,926	9,811,179	9,813,124	9,876,554	9,942,591	9,938,546	9,927,003	9,990,878	10,084,896	10,246,651	10,217,639	4,206,141	4,288,291	3,860,669	3,870,577	3,910,022	3,955,450	3,806,807	3,866,985	3,934,208	3,983,433	4,041,401	6,091,778	6,095,831	5,992,052	6,047,574	5,972,045	6,025,520	6,053,165	6,175,315	6,159,397	0	6,465,941	6,384,585	5,777,296	5,667,707	5,281,981	4,397,913	3,577,121	3,174,700	3,006,800	2,261,600	1,968,900	1,181,100	1,126,000	353,400	-	304,200	-	-	-
Non Current Liabilities Other	7,000	1,918,000	1,922,000	1,927,000	1,950,000	1,993,000	2,052,000	2,106,000	2,168,000	2,208,000	2,265,000	8,183,000	2,379,000	8,169,000	8,097,000	8,080,000	3,074,000	7,535,000	2,028,000	2,009,000	0	2,732,000	2,678,000	2,615,000	0	2,200,336	2,169,070	2,131,076	0	2,028,672	2,002,944	1,975,135	0	0	1,755,430	1,732,484	0	1,552,425	1,477,995	1,406,734	0	0	1,021,230	978,595	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	29,561,000	29,481,000	29,271,000	29,296,000	28,741,000	28,598,000	29,281,000	29,259,000	28,756,000	28,501,000	28,242,000	27,896,000	27,338,000	27,359,000	29,111,000	25,826,000	26,058,000	25,285,000	24,926,000	24,467,000	19,334,000	19,045,000	18,522,000	18,231,000	18,598,406	17,290,553	15,895,403	15,511,167	14,156,622	14,520,268	14,328,803	13,753,311	14,091,655	13,930,799	12,827,149	13,724,729	13,507,113	13,076,548	12,996,745	12,926,727	12,897,346	11,890,564	11,823,495	11,770,248	11,865,673	9,261,797	9,242,554	8,962,148	7,756,126	7,752,729	7,634,955	7,541,468	7,583,650	7,602,454	7,298,077	7,246,024	7,266,416	6,986,996	6,896,274	7,415,056	6,811,499	6,844,603	6,868,000	6,991,828	6,949,235	6,841,380	6,869,833	6,850,629	4,020,040	3,456,619	3,461,013	2,466,116	2,461,935	2,651,290	2,648,005	2,223,084	2,422,364	2,460,590	2,458,926	3,868,065	3,901,315	3,871,298	4,085,835	4,129,475	4,151,951	4,002,918	4,180,845	4,430,421	0	3,520,849	4,335,661	3,651,983	2,696,041	2,647,866	2,491,375	1,967,816	1,609,500	1,543,400	1,240,700	818,100	452,400	499,000	217,700	-	156,900	-	-	-
Non Currrent Assets Other	2,326,000	2,330,000	2,264,000	2,174,000	2,060,000	2,015,000	1,932,000	1,812,000	1,711,000	1,646,000	1,548,000	1,511,000	1,527,000	1,540,000	1,547,000	1,544,000	1,540,000	1,517,000	1,497,000	1,477,000	2,286,000	2,268,000	2,188,000	2,196,000	2,179,678	2,146,364	2,151,383	2,142,337	2,137,268	2,130,418	2,140,463	2,099,779	2,181,477	2,108,211	2,059,692	2,153,347	2,116,758	2,037,167	1,960,786	1,843,768	1,761,249	7,642,112	1,603,731	7,593,063	7,555,940	1,408,691	1,343,286	1,282,482	871,145	812,943	767,722	723,473	2,884,886	633,941	557,350	533,293	2,776,620	454,011	5,000	5,000	149,474	157,698	149,287	139,875	293,034	347,500	422,837	346,138	342,952	408,358	313,232	288,457	275,277	286,713	230,271	228,676	230,925	133,105	151,975	155,618	147,173	141,007	139,633	124,929	130,446	157,162	208,458	263,054	263,054	590,033	610,062	231,144	251,794	109,281	102,874	130,100	110,500	51,700	37,200	117,900	18,800	17,800	73,600	-	69,700	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	22,073	21,003	17,771	18,098	16,402	14,458	0	13,420	14,218	12,518	0	0	0	0	590	254	104	-379	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Assets	0	141,000	136,000	134,000	136,000	135,000	1,932,000	1,812,000	1,711,000	1,646,000	1,548,000	1,511,000	12,356,000	1,540,000	1,547,000	1,544,000	1,540,000	1,517,000	106,000	104,000	2,286,000	2,268,000	2,188,000	18,125,000	18,162,905	12,937,597	13,024,553	12,566,700	11,545,016	11,617,899	11,665,101	11,337,972	11,474,943	11,472,705	10,851,785	11,038,260	11,063,463	10,935,248	10,835,887	10,790,180	10,754,548	7,663,423	7,620,242	7,624,679	7,589,854	6,578,502	6,510,699	5,640,495	5,084,717	5,056,535	5,044,814	5,026,941	5,030,733	5,001,597	4,893,642	4,904,046	4,864,590	4,881,328	4,847,075	4,821,037	4,816,428	4,882,674	4,876,564	4,905,467	4,939,823	5,037,522	5,123,238	5,076,695	959,695	1,028,242	653,644	628,869	615,689	628,649	563,989	562,394	564,643	439,587	457,338	1,430,778	1,353,886	1,283,364	1,277,197	1,175,904	1,197,487	1,196,819	1,248,741	1,268,200	1,314,485	1,657,636	1,689,840	1,326,674	1,364,670	1,200,868	699,687	725,266	0	0	0	0	0	0	0	-	-	-	-	-
Other Current Assets	-3,112,000	72,000	71,000	93,000	73,000	194,000	175,000	162,000	145,000	182,000	227,000	216,000	202,000	201,000	192,000	178,000	168,000	167,000	168,000	160,000	148,000	148,000	181,000	157,000	138,670	154,600	151,801	140,095	130,362	133,163	116,114	119,563	225,214	222,251	214,396	83,393	94,211	96,182	76,275	83,224	77,121	652,226	208,558	545,143	634,197	517,074	518,781	504,453	441,774	381,994	346,733	380,080	372,702	118,797	25,132	24,269	13,955	19,639	7,771	7,095	12,200	10,398	9,532	8,592	11,049	247,607	236,412	245,813	163,108	131,074	145,035	136,380	129,750	77,542	86,650	3,048	6,395	31,916	2,020,628	81,195	81,738	67,590	62,396	58,032	53,732	58,446	54,504	44,865	44,865	39,182	29,152	25,589	28,535	20,148	15,798	12,897	14,900	11,200	7,900	7,300	2,600	2,900	1,300	-	700	-	-	-
Other Current Liab	561,000	518,000	531,000	432,000	590,000	506,000	522,000	405,000	583,000	517,000	585,000	378,000	577,000	444,000	515,000	383,000	530,000	445,000	471,000	369,000	499,000	407,000	426,000	344,000	489,436	367,891	316,988	267,802	318,085	288,777	275,703	249,838	266,898	250,682	218,278	231,793	269,600	236,519	237,591	220,429	247,297	195,844	192,605	215,121	192,676	174,607	168,212	141,981	170,296	138,661	142,166	134,416	170,426	386,712	344,693	411,342	324,207	337,112	161,805	148,478	160,120	92,386	90,416	106,459	108,361	96,316	87,477	95,434	79,549	8,627	9,781	7,464	24,512	18,877	17,159	37,856	58,753	42,548	409,169	39,087	68,180	47,596	60,053	43,861	74,472	218,506	246,318	278,218	278,218	391,997	47,055	25,177	224,110	161,257	108,898	99,824	85,300	73,300	63,100	50,900	46,900	47,000	3,200	-	4,200	-	-	-
Other Liab	0	1,918,000	1,922,000	1,927,000	1,950,000	1,993,000	2,052,000	2,106,000	2,168,000	2,208,000	2,265,000	2,327,000	2,379,000	2,456,000	2,482,000	2,513,000	2,516,000	2,055,000	2,028,000	2,009,000	2,759,000	2,732,000	2,678,000	2,615,000	2,548,845	2,200,336	2,169,070	2,131,076	2,079,154	2,028,672	2,002,944	1,975,135	1,946,577	1,859,304	1,755,430	1,732,484	1,659,698	1,552,425	1,477,995	1,406,734	1,349,919	1,076,521	1,021,230	978,595	910,571	869,991	853,106	514,702	500,350	477,232	470,244	455,856	450,176	604,150	537,225	454,236	514,691	553,882	483,714	790,152	825,800	424,113	370,975	452,444	366,483	303,488	298,535	291,112	193,279	190,065	183,020	178,355	174,306	166,561	163,610	162,364	161,176	154,786	156,594	322,762	211,763	200,674	197,435	184,661	183,227	166,948	164,958	159,711	157,549	146,146	120,569	99,457	93,354	82,970	77,213	75,250	0	0	0	0	0	0	0	-	-	-	-	-
Other Stockholder Equity	18,270,000	6,670,000	7,047,000	18,154,000	18,116,000	18,087,000	18,050,000	18,006,000	18,011,000	17,982,000	17,951,000	17,917,000	17,933,000	17,904,000	17,872,000	17,835,000	17,743,000	17,829,000	17,801,000	17,769,000	17,767,000	17,743,000	17,711,000	17,690,000	16,843,607	16,818,738	11,433,018	10,968,564	10,938,236	9,914,844	9,894,921	9,874,862	9,548,580	9,532,597	9,518,103	9,503,335	9,512,396	9,500,490	9,488,414	9,473,311	9,482,769	5,553,717	5,544,205	5,610,039	5,623,595	5,615,263	5,599,106	5,591,191	5,007,310	5,001,869	5,089,965	5,232,635	5,581,525	5,265,130	5,249,437	5,276,365	5,685,874	5,336,516	5,323,023	5,309,527	5,614,507	5,292,138	5,221,598	5,211,462	5,561,454	5,362,045	5,347,765	5,343,611	2,873,858	2,556,533	2,564,543	2,868,343	3,173,709	2,652,689	2,753,978	2,903,946	3,386,749	2,855,428	2,872,808	2,841,379	3,333,402	3,273,277	2,588,042	3,347,009	3,315,215	4,275,220	4,209,656	3,993,550	0	3,283,852	3,783,848	3,354,086	2,894,095	2,855,365	1,952,341	1,831,119	1,805,000	1,799,900	1,835,400	1,344,500	1,060,900	820,200	233,700	-	224,400	-	-	-
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	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	17	17	0	0	0	98	98	98	98	98	98	98	98	98	98	98	98	0	0	0	0	0	0	0	305,032	304,810	317,045	316,813	316,581	316,349	316,117	315,886	315,654	315,422	315,190	314,958	314,726	314,494	314,262	314,030	313,798	313,566	313,335	313,103	312,871	312,639	312,407	312,175	311,943	509,043	508,709	508,374	508,040	507,706	507,371	507,037	506,702	553,136	729,937	751,537	756,014	837,552	898,630	888,596	878,861	869,415	860,248	851,351	842,718	834,338	437,891	430,291	0	0	0	0	0	0	0	-	-	-	-	-
Property Plant And Equipment Gross	36,132,000	21,882,000	21,956,000	21,974,000	15,407,000	21,878,000	0	0	0	21,833,000	21,796,000	21,663,000	21,626,000	21,449,000	21,214,000	21,013,000	13,410,000	20,528,000	20,204,000	19,852,000	13,676,000	13,433,000	13,218,000	13,051,000	12,932,885	10,599,604	10,507,736	10,293,693	9,805,315	9,714,149	9,670,358	9,559,397	9,580,057	9,498,568	9,042,284	9,139,703	9,148,311	8,870,817	8,888,426	8,927,218	8,947,677	6,904,346	6,892,277	6,882,411	6,917,531	5,380,541	5,347,867	4,836,152	4,861,227	4,864,400	4,111,329	4,854,182	4,893,651	4,897,340	4,786,553	4,842,394	4,895,983	4,926,598	4,964,104	4,992,087	5,060,126	5,059,917	5,061,982	5,021,536	5,051,055	5,047,374	5,123,413	5,140,944	3,246,446	3,260,049	3,207,025	3,241,708	3,294,333	3,326,801	3,242,818	3,304,591	3,369,565	3,583,257	3,622,355	4,700,727	4,741,945	4,708,688	4,770,377	4,796,141	4,828,033	4,856,346	4,926,574	4,844,912	4,844,912	4,808,305	4,694,745	4,450,622	4,303,037	4,081,113	3,698,226	2,851,855	2,468,100	2,347,000	1,615,600	1,233,200	592,600	544,500	131,500	-	82,000	-	-	-
Property Plant And Equipment Net	21,853,000	21,882,000	21,956,000	21,974,000	21,933,000	21,878,000	21,882,000	21,985,000	21,951,000	21,833,000	21,796,000	21,663,000	21,626,000	21,449,000	21,214,000	21,013,000	20,822,000	20,528,000	20,204,000	19,852,000	13,676,000	13,433,000	13,218,000	13,051,000	12,932,885	10,599,604	10,507,736	10,293,693	9,805,315	9,714,149	9,670,358	9,559,397	9,580,057	9,498,568	9,042,284	9,139,703	9,148,311	8,870,817	8,888,426	8,927,218	8,947,677	6,904,346	6,892,277	6,882,411	6,917,531	5,380,541	5,347,867	4,836,152	4,861,227	4,864,400	4,828,564	4,854,182	4,893,651	4,897,340	4,786,553	4,842,394	4,895,983	4,926,598	4,964,104	4,992,087	5,060,126	5,059,917	5,061,982	5,021,536	5,051,055	5,047,374	5,123,413	5,140,944	3,246,446	3,260,049	3,207,025	3,241,708	3,294,333	3,326,801	3,242,818	3,304,591	3,369,565	3,583,257	3,622,355	4,700,727	4,741,945	4,708,688	4,770,377	4,796,141	4,828,033	4,856,346	4,926,574	4,844,912	0	4,808,305	4,694,745	4,450,622	4,303,037	4,081,113	3,698,226	2,851,855	2,468,100	2,347,000	1,615,600	1,233,200	592,600	544,500	131,500	-	82,000	-	-	-
Property Plant Equipment	0	21,882,000	21,956,000	21,974,000	21,933,000	21,878,000	21,882,000	15,226,000	21,951,000	21,833,000	21,796,000	15,149,000	15,162,000	15,092,000	14,963,000	14,815,000	14,666,000	14,416,000	14,151,000	13,883,000	13,676,000	13,433,000	13,218,000	13,051,000	12,932,885	10,599,604	10,507,736	10,293,693	9,805,315	9,714,149	9,670,358	9,559,397	9,580,057	9,498,568	9,042,284	9,139,703	9,148,311	8,870,817	8,888,426	8,927,218	8,947,677	6,904,346	6,892,277	6,882,411	6,917,531	5,380,541	5,347,867	4,836,152	4,861,227	4,864,400	4,828,564	4,854,182	4,893,651	4,897,340	4,786,553	4,842,394	4,895,983	4,926,598	4,964,104	4,992,087	5,060,126	5,059,917	5,061,982	5,021,536	5,051,055	5,047,374	5,123,413	5,140,944	3,246,446	3,260,049	3,207,025	3,241,708	3,294,333	3,326,801	3,242,818	3,304,591	3,369,565	3,395,320	3,446,238	4,528,882	4,741,945	4,708,688	4,770,377	4,796,141	4,828,033	4,856,346	4,926,574	4,811,688	4,844,912	4,808,305	4,694,745	4,450,622	4,303,037	4,081,113	3,698,226	2,851,855	0	0	0	0	0	0	0	-	-	-	-	-
Retained Earnings	-11,889,000	-11,571,000	-11,155,000	-10,929,000	-10,666,000	-10,405,000	-10,188,000	-9,971,000	-9,753,000	-9,467,000	-9,240,000	-8,932,000	-8,472,000	-8,402,000	-8,044,000	-7,712,000	-7,356,000	-6,503,000	-6,277,000	-6,022,000	-5,732,000	-5,447,000	-5,144,000	-4,858,000	-4,504,616	-4,145,527	-3,841,187	-3,602,985	-3,378,838	-3,159,059	-2,946,081	-2,720,364	-2,458,397	-2,291,977	-2,110,438	-2,978,356	-2,815,428	-2,677,959	-2,656,718	-2,562,541	-2,535,879	-2,512,333	-2,558,169	-2,610,528	-2,625,990	-2,606,485	-2,648,530	-2,764,543	-2,811,945	-2,855,860	-2,899,597	-2,925,266	-2,960,082	-2,995,753	-2,855,543	-2,752,812	-2,628,336	-2,641,282	-2,604,441	-2,487,822	-2,493,198	-2,424,179	-2,386,771	-2,441,909	-2,423,534	-2,338,164	-2,265,950	-2,228,008	-2,184,598	-2,173,121	-2,068,374	-2,049,837	-2,037,914	-2,012,877	-1,975,382	-1,738,363	-1,599,949	-1,272,602	-1,724,099	-1,675,173	-1,600,510	-1,441,673	-1,332,499	-1,231,587	-1,148,200	-1,143,970	-1,108,274	-895,317	-895,317	-772,010	-642,680	-537,682	-450,122	-371,188	-301,870	-230,915	-185,900	-143,900	-110,000	-82,500	-60,200	-51,900	-34,200	-	-17,000	-	-	-
Retained Earnings Total Equity	0	0	-11,155,000	-10,929,000	-10,666,000	-10,405,000	-10,188,000	-9,971,000	-9,753,000	-9,467,000	-9,240,000	-8,995,000	-8,472,000	-8,402,000	-8,044,000	-7,712,000	-7,365,000	-6,503,000	-6,277,000	-6,022,000	-5,732,000	-5,447,000	-5,144,000	-4,858,000	-4,504,616	-4,145,527	-3,841,187	-3,602,985	-3,378,838	-3,159,059	-2,946,081	-2,720,364	-2,458,397	0	-2,110,438	-2,978,356	-2,815,428	-2,677,959	-2,656,718	-2,562,541	-2,535,879	0	-2,558,169	-2,610,528	-2,625,990	0	0	0	0	-2,855,860	-2,899,597	-2,925,266	-2,960,082	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	835,000	827,000	819,000	819,000	819,000	819,000	70,000	71,000	72,000	72,000	71,000	159,000	129,000	114,000	99,000	949,000	111,000	100,000	98,000	96,000	107,000	111,000	112,000	130,000	115,000	15,204,415	13,841,265	112,882	101,749	101,362	100,345	87,823	106,219	0	0	0	113,335	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	28,814,000	28,729,000	28,510,000	28,518,000	27,960,000	27,768,000	27,647,000	27,579,000	27,009,000	26,710,000	26,386,000	26,060,000	25,417,000	25,333,000	27,035,000	24,562,000	23,931,000	23,626,000	23,285,000	22,841,000	16,682,000	16,424,000	15,956,000	15,746,000	16,159,620	15,204,415	13,841,265	13,492,973	12,171,142	12,592,958	12,426,204	11,865,999	12,249,238	12,141,366	11,131,304	12,070,091	11,920,861	11,573,678	11,570,251	11,573,326	11,594,500	10,775,454	10,788,522	10,836,156	11,611,242	8,383,164	9,240,192	8,420,932	6,885,699	6,936,686	6,816,258	6,732,355	6,778,894	6,616,105	6,388,931	6,388,316	6,579,150	6,135,550	6,273,343	6,502,245	6,096,744	6,088,346	6,142,745	6,143,478	6,069,195	5,996,502	5,997,184	5,996,241	3,513,890	2,963,915	2,975,586	2,270,586	2,270,686	2,120,686	2,028,613	1,734,910	1,850,398	1,898,847	3,174,137	3,185,327	3,449,992	3,155,238	3,186,838	3,212,277	3,226,960	3,367,509	3,468,967	3,423,097	3,423,097	3,374,703	3,354,844	2,701,175	2,602,687	2,564,896	2,414,162	1,892,566	1,542,300	1,478,800	1,194,700	771,200	429,700	494,300	216,900	-	156,300	-	-	-
Short Term Debt	1,167,000	1,166,000	1,161,000	1,149,000	1,169,000	1,163,000	418,000	426,000	421,000	417,000	409,000	491,000	458,000	430,000	406,000	1,249,000	399,000	396,000	387,000	383,000	107,000	111,000	112,000	130,000	115,251	114,198	114,932	112,882	101,749	101,362	100,345	87,823	106,219	102,188	94,702	115,998	113,335	106,673	105,624	105,467	103,586	115,378	97,013	94,839	688,056	88,093	79,303	77,776	32,517	33,612	30,708	29,562	28,687	22,039	20,775	19,553	217,196	113,106	248,720	225,517	466,217	166,500	156,500	156,500	81,500	6,500	6,500	6,500	0	10,000	10,000	295,000	295,000	145,000	52,927	182,564	97,250	0	1,275,385	46,461	267,142	37,750	28,375	19,000	14,250	369,091	351,710	29,086	29,086	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	131,000	125,000	125,000	120,000	121,065	115,730	117,913	115,128	124,547	116,932	132,119	129,419	130,731	116,653	143,016	136,964	147,411	137,824	155,725	163,953	183,526	157,699	161,541	139,455	575,938	273,305	275,948	288,969	252,368	223,573	193,608	230,431	221,015	207,055	204,308	174,722	213,514	182,718	190,886	159,019	147,852	169,975	180,638	175,880	165,556	152,903	146,605	159,579	115,503	0	0	0	91,939	0	0	0	0	151,500	0	0	0	0	63,456	78,264	115,697	78,804	87,460	72,963	72,963	73,500	37,500	37,500	38,000	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Total Assets	38,527,000	38,699,000	39,042,000	39,054,000	38,921,000	38,861,000	39,013,000	39,071,000	39,040,000	39,004,000	38,973,000	38,752,000	38,768,000	38,786,000	40,901,000	38,616,000	38,480,000	38,344,000	38,147,000	37,778,000	32,785,000	32,644,000	32,374,000	32,250,000	32,229,570	31,011,756	24,483,624	23,776,842	22,675,092	22,171,723	22,160,250	21,718,251	22,036,245	21,995,644	21,011,629	21,105,477	21,143,276	20,784,860	20,672,059	20,569,666	20,594,908	15,567,572	15,392,585	15,372,505	16,054,795	12,736,419	12,597,676	12,124,656	10,545,096	10,443,215	10,385,320	10,397,194	10,469,529	10,653,242	10,352,414	10,560,509	10,956,606	10,483,219	10,552,413	10,749,903	10,361,722	10,449,865	10,477,820	10,470,363	10,488,133	10,506,316	10,621,023	10,628,109	5,006,168	4,519,603	4,562,118	4,130,756	4,131,317	4,162,971	4,197,797	4,303,369	4,571,522	4,972,678	6,370,206	6,446,880	6,737,591	6,430,707	6,754,321	6,759,054	6,892,601	7,044,465	7,300,035	7,375,458	7,375,458	7,523,189	7,471,826	6,868,546	6,439,841	6,307,154	4,871,660	4,212,512	3,836,700	3,581,600	3,029,100	2,123,700	1,523,200	1,369,900	418,800	-	371,400	-	-	-
Total Current Assets	1,032,000	1,126,000	1,349,000	1,325,000	1,217,000	1,182,000	1,290,000	1,261,000	1,254,000	1,332,000	1,329,000	1,176,000	1,104,000	1,184,000	3,436,000	1,247,000	1,204,000	1,253,000	1,294,000	1,193,000	1,229,000	1,249,000	1,164,000	1,074,000	1,133,780	7,474,555	951,335	916,449	1,324,761	839,675	824,791	820,882	981,245	1,024,371	1,117,560	927,514	953,102	978,795	947,746	852,268	892,683	999,803	880,066	865,415	1,581,324	777,376	739,110	1,648,009	599,152	522,280	511,942	516,071	545,145	754,305	672,219	814,069	1,196,033	675,293	741,234	936,779	485,168	507,274	539,274	543,360	497,255	421,420	374,372	410,470	800,027	231,312	701,449	260,179	221,295	207,521	390,990	436,384	637,314	989,245	2,328,805	355,102	641,760	438,655	706,747	787,009	867,081	991,300	1,124,720	1,216,061	1,216,061	1,057,248	1,087,241	1,091,250	772,134	1,025,173	473,747	635,391	662,000	574,800	767,500	154,800	342,100	243,900	65,400	-	67,200	-	-	-
Total Current Liabilities	2,585,000	2,549,000	2,725,000	2,535,000	2,731,000	2,584,000	1,871,000	1,776,000	2,026,000	1,987,000	2,018,000	1,870,000	1,969,000	1,925,000	1,964,000	2,669,000	1,924,000	1,734,000	1,698,000	1,565,000	1,417,000	1,304,000	1,286,000	1,187,000	1,292,082	1,048,871	997,912	902,195	961,355	897,738	883,140	811,946	855,369	824,542	780,244	821,955	898,935	845,567	795,878	708,272	756,387	679,718	644,198	637,626	1,237,858	531,817	489,124	425,842	402,106	376,834	381,573	392,730	440,885	669,791	572,467	627,376	754,105	644,704	732,490	559,098	834,358	450,516	435,367	432,569	371,987	255,333	238,409	259,794	200,795	187,537	177,775	448,376	464,214	284,907	197,614	340,806	285,065	172,814	1,790,657	396,872	643,530	360,746	382,847	331,773	360,769	707,560	736,653	411,453	411,453	492,763	408,590	398,022	324,876	243,377	185,628	143,464	131,300	105,100	85,800	78,300	92,900	77,300	9,500	-	12,000	-	-	-
Total Liab	32,146,000	32,030,000	31,996,000	31,831,000	31,472,000	31,182,000	31,152,000	31,035,000	30,782,000	30,488,000	30,260,000	29,766,000	29,307,000	29,284,000	31,075,000	28,495,000	27,982,000	27,019,000	26,624,000	26,032,000	20,751,000	20,349,000	19,808,000	19,418,000	19,890,488	18,339,424	16,893,315	16,413,362	15,117,977	15,418,006	15,211,943	14,565,257	14,947,024	14,755,341	13,607,393	14,546,684	14,406,048	13,922,115	13,792,623	13,634,999	13,653,733	15,567,572	12,467,693	15,372,505	16,054,795	9,793,614	9,731,678	9,387,990	8,158,232	8,129,563	8,016,528	7,934,198	8,024,535	8,272,245	7,870,544	7,873,400	8,020,521	7,631,700	7,628,764	7,974,154	7,645,857	7,295,119	7,303,367	7,424,397	7,321,222	7,096,713	7,108,242	7,110,423	4,220,835	3,644,156	3,638,788	2,914,492	2,926,149	2,936,197	2,845,619	2,563,890	2,707,429	2,633,404	4,249,583	4,264,937	4,544,845	4,232,044	4,468,682	4,461,248	4,512,720	4,710,478	4,917,498	4,841,874	4,841,874	4,013,612	4,744,251	4,050,005	3,020,917	2,891,243	2,677,003	2,111,280	1,740,800	1,648,500	1,326,500	896,400	545,300	576,300	227,200	-	168,900	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12,295,000	12,566,000	12,832,000	12,339,082	12,672,332	7,590,309	7,363,480	7,557,115	6,753,717	6,948,307	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	-	-	-	-	-
Total Stockholder Equity	6,381,000	6,669,000	7,046,000	7,223,000	7,449,000	7,679,000	7,861,000	8,036,000	8,258,000	8,516,000	8,713,000	8,986,000	9,461,000	9,502,000	9,826,000	10,121,000	10,498,000	11,325,000	11,523,000	11,746,000	12,034,000	12,295,000	12,566,000	12,832,000	12,339,082	12,672,332	7,590,309	7,363,480	7,557,115	6,753,717	6,948,307	7,152,994	7,089,221	7,240,303	7,404,236	6,536,720	6,716,225	6,844,974	6,861,338	6,918,265	6,926,717	2,982,972	2,911,472	2,950,413	2,938,746	2,940,077	2,864,441	2,736,534	2,386,245	2,313,062	2,368,538	2,462,892	2,445,373	2,381,394	2,482,071	2,687,239	2,936,241	2,852,238	2,924,695	2,776,288	2,715,865	3,154,746	3,174,453	3,045,966	3,166,911	3,409,603	3,512,457	3,490,182	756,281	847,568	897,171	1,190,997	1,178,376	1,199,258	1,323,986	1,710,076	1,833,625	2,128,098	1,912,923	1,971,626	1,984,413	1,996,177	2,083,524	2,123,013	2,208,498	2,164,813	2,212,026	2,364,648	3,243,509	3,341,720	2,558,323	2,666,757	3,263,580	3,290,443	2,073,881	2,026,703	2,040,600	1,878,600	1,650,500	1,174,200	938,700	755,100	191,600	-	202,500	-	-	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-

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

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31
Cost Of Revenue	888,000	486,000	522,000	519,000	522,000	524,000	514,000	509,000	525,000	512,000	494,000	462,000	524,000	487,000	486,000	474,000	486,000	516,000	503,000	486,000	488,000	474,000	454,000	433,000	438,595	387,374	373,907	363,825	392,232	365,978	348,719	333,592	342,006	333,859	326,431	329,858	364,945	344,133	340,438	300,950	278,635	263,964	249,214	254,983	217,421	185,343	171,833	154,392	148,855	146,842	147,049	145,639	152,934	143,000	145,392	140,051	146,706	136,512	134,391	131,759	135,919	136,299	135,566	130,791	134,976	128,895	126,845	118,368	72,682	69,996	66,807	63,476	67,313	63,362	62,162	59,148	71,887	52,982	54,115	108,303	113,514	105,030	100,933	98,302	110,636	117,979	111,793	86,573	86,573	132,087	123,106	113,195	83,268	64,692	48,588	37,049	33,100	27,400	25,800	20,600	20,400	8,500	-100	-	-	-	-	-
Depreciation And Amortization	439,000	439,000	464,000	423,000	431,000	426,000	428,000	426,000	415,000	413,000	408,000	408,000	401,000	406,000	402,000	399,000	398,000	389,000	393,000	394,000	390,000	385,000	379,000	374,000	362,211	296,033	295,615	288,549	273,826	280,824	276,026	277,875	269,557	261,662	246,899	258,060	253,776	254,862	254,235	250,191	201,697	195,408	190,651	186,459	175,843	154,867	152,482	139,400	138,964	138,523	138,191	137,273	137,259	136,218	134,426	132,868	133,503	131,463	131,597	133,176	130,799	120,644	137,436	137,563	138,870	140,406	138,121	143,156	74,148	74,148	71,107	74,441	66,328	74,282	73,588	73,666	102,589	62,792	40,335	87,782	100,526	100,967	98,254	97,845	96,469	102,942	101,115	124,787	124,787	101,732	97,473	96,252	92,629	86,280	76,629	64,261	59,400	57,100	38,900	24,600	24,900	14,000	8,100	-	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	-62,000	0	1,000	-63,000	-63,000	-63,000	-63,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	999,049	0	0	0	52,460	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	602,000	561,000	667,000	628,000	610,000	602,000	593,000	618,000	524,000	516,000	501,000	441,000	739,000	430,000	387,000	373,000	396,000	456,000	428,000	394,000	397,000	371,000	359,000	356,000	312,795	287,834	268,578	264,978	267,326	251,316	242,083	218,026	241,870	240,011	248,542	268,349	287,781	253,971	241,307	251,743	248,303	230,706	241,108	240,040	224,288	225,556	214,500	207,306	264,971	185,596	173,837	171,383	162,830	162,099	135,753	132,314	124,073	124,443	109,033	101,338	62,512	113,686	73,559	75,315	167,111	62,368	51,443	32,494	65,134	33,786	32,023	21,257	303,712	1,788	210,769	11,283	-80,104	24,328	27,516	53,380	9,796	24,505	22,735	13,464	73,298	-6,590	5,110	-2,984	-2,984	-18,302	-2,669	-3,681	-3,906	2,391	1,175	6,471	14,400	200	-2,500	2,900	4,600	8,300	-3,500	-	-	-	-	-
Ebitda	1,041,000	1,000,000	1,131,000	1,051,000	1,041,000	1,028,000	1,021,000	1,044,000	939,000	929,000	909,000	849,000	1,140,000	836,000	789,000	772,000	794,000	845,000	821,000	788,000	787,000	756,000	738,000	730,000	675,006	583,867	564,193	553,527	541,152	532,140	518,109	495,901	511,427	501,673	495,441	526,409	541,557	508,833	495,542	501,934	450,000	426,114	431,759	426,499	400,131	380,423	366,982	346,706	403,935	324,119	312,028	308,656	300,089	298,317	270,179	265,182	257,576	255,906	240,630	234,514	193,311	234,330	210,995	212,878	305,981	202,774	189,564	175,650	139,282	107,934	103,130	95,698	370,040	76,070	284,357	84,949	22,485	87,120	67,851	141,162	110,322	125,472	120,989	111,309	169,767	96,352	106,225	121,803	121,803	83,430	94,804	92,571	88,723	88,671	77,804	70,732	73,800	57,300	36,400	27,500	29,500	22,300	4,600	11,900	-27,100	7,900	7,900	7,900
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	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	1,000	-63,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Gross Profit	786,000	1,181,000	1,345,000	1,254,000	1,242,000	1,222,000	1,220,000	1,233,000	1,129,000	1,106,000	1,089,000	1,023,000	969,000	999,000	954,000	947,000	943,000	998,000	975,000	940,000	931,000	901,000	876,000	866,000	799,495	675,864	664,428	652,117	640,184	626,038	613,690	600,792	603,830	584,248	573,006	611,143	602,619	585,892	575,907	575,000	519,786	485,013	485,714	485,077	456,666	435,994	413,678	397,353	370,616	367,041	353,287	353,400	343,380	338,890	310,735	304,276	296,838	292,567	275,483	271,151	256,103	248,049	243,947	239,830	240,187	222,849	216,025	197,341	138,159	130,943	126,969	119,189	112,939	108,355	105,523	97,957	89,384	96,064	95,761	140,184	140,332	130,547	123,268	118,422	117,325	109,445	113,738	151,613	151,613	86,309	106,310	99,758	118,705	109,897	99,771	87,195	81,100	71,500	51,700	34,500	40,400	20,400	11,600	11,900	7,700	7,900	7,900	7,900
Income Before Tax	366,000	272,000	462,000	425,000	415,000	422,000	426,000	427,000	354,000	358,000	339,000	128,000	513,000	168,000	206,000	190,000	214,000	277,000	250,000	216,000	218,000	169,000	185,000	118,000	112,857	117,577	116,652	123,507	128,794	103,407	89,942	51,712	100,644	100,500	162,382	128,394	141,861	108,519	35,149	102,605	87,696	80,427	89,963	34,445	-80,267	75,478	48,652	56,965	49,523	54,208	36,769	39,307	36,681	-142,747	-102,300	-129,739	20,608	-52,974	-166,716	8,559	-81,099	-34,303	-19,985	-17,832	-104,503	-99,260	-47,970	-65,270	-7,396	-15,471	12,832	-12,674	-3,931	-27,356	-230,449	-128,393	-125,811	-54,243	-54,402	57,666	-151,684	-95,593	-77,413	-63,015	-30,568	-65,527	-67,638	-99,664	-99,664	-98,603	-84,952	-68,639	-58,953	-52,838	-59,205	-32,049	-32,900	-27,000	-20,800	-13,400	-7,100	-9,700	-6,200	-	-	-	-	-
Income Tax Expense	5,000	7,000	7,000	7,000	2,000	3,000	5,000	6,000	1,000	7,000	6,000	7,000	5,000	5,000	6,000	5,000	6,000	5,000	4,000	6,000	5,000	5,000	5,000	4,000	14,753	2,383	4,538	4,369	4,084	5,041	3,884	3,872	-42,077	-3,801	-4,144	3,282	-10,726	482	-208	-188	110,374	33,959	36,587	17,708	-70,623	32,300	-68,432	6,695	584	2,825	5,755	-817	-4,224	-7,597	-4,686	-10,339	1,876	-21,836	-54,949	-1,491	-17,282	-2,096	-80,324	-4,659	-24,334	-31,923	-15,620	-22,162	-855	575	507	616	2,817	117	147	144	-5,851	144	184	5,955	-4,102	4,236	3,418	3,966	6,832	101	684	4,691	4,691	11,727	68,412	60	83	127	25	11	41,300	100	100	100	200	16,700	200	6,600	2,900	3,000	3,000	3,000
Interest Expense	223,000	209,000	201,000	195,000	186,000	171,000	158,000	157,000	158,000	157,000	154,000	167,000	161,000	162,000	176,000	174,000	173,000	173,000	169,000	167,000	162,000	158,000	157,000	158,000	158,549	151,765	139,349	131,651	126,336	126,616	125,580	122,167	123,731	120,682	122,017	121,822	120,653	120,558	123,034	124,564	142,989	142,016	140,256	164,369	173,683	144,949	144,940	137,472	96,690	127,119	126,483	127,121	125,947	123,196	120,586	120,781	118,876	111,169	110,250	105,833	162,328	1,557	206	2,310	1,354	2,965	2,906	3,299	1,629	985	2,939	1,336	282,443	617	202,635	83,017	78,508	13,590	1,349	25,216	148,474	34,845	10,382	63,711	71,736	78,127	76,388	76,319	78,523	79,091	73,175	66,655	67,307	65,498	66,728	41,761	0	0	0	0	0	0	0	-	-	-	-	-
Interest Income	5,000	214,000	5,000	2,000	190,000	176,000	165,000	164,000	164,000	163,000	1,000	169,000	168,000	168,000	1,000	1,000	1,000	2,000	1,000	166,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,343	-1,018	-1,018	-2,325	4,517	-1,100	-1,348	-1,296	865	632	-1,017	-1,275	9,861	1,133	1,071	239	28	-105	-143	107	32	0	0	0	584	501	0	0	0	0	0	0	0	-390	390	0	0	0	0	0	0	0	0	0	-362	362	277	131	2,394	-730	730	557	849	75	276	0	0	0	0	0	721	-317	317	1,541	0	0	0	0	0	0	0	-	-	-	-	-
Net Income	363,000	265,000	455,000	418,000	414,000	419,000	421,000	421,000	353,000	351,000	334,000	121,000	508,000	163,000	200,000	185,000	208,000	272,000	246,000	210,000	213,000	164,000	180,000	114,000	98,104	115,194	112,114	119,138	124,710	98,366	86,058	47,840	141,062	103,779	1,153,360	122,787	148,070	106,937	34,009	101,497	-23,544	45,836	52,359	15,462	-19,505	42,045	116,013	50,031	48,911	51,278	30,871	40,017	40,873	-135,009	-97,529	-119,275	18,148	-31,639	-111,418	10,577	-63,817	-32,207	60,339	-13,173	-80,169	-67,013	-32,740	-42,891	-6,275	-15,561	-13,335	-6,722	-17,259	-28,066	-227,451	-128,761	-121,662	461,333	-39,594	-64,967	-148,840	-99,678	-80,831	-69,016	-34,902	-65,628	-68,598	-103,049	-103,049	-110,330	-84,733	-68,055	-59,036	-52,965	-59,230	-33,555	-32,900	-27,100	-20,900	-15,900	-7,300	-17,400	-6,400	-6,600	-2,900	-3,000	-3,000	-3,000
Net Income Applicable To Common Shares	0	265,000	455,000	418,000	413,000	419,000	421,000	421,000	353,000	351,000	334,000	58,000	507,000	163,000	172,000	157,000	103,000	244,000	218,000	182,000	184,000	136,000	152,000	86,000	69,745	85,259	112,114	119,138	124,710	87,369	75,061	36,843	131,724	93,308	1,142,363	111,790	113,115	95,940	23,012	90,500	32,912	45,836	52,359	15,462	143,910	42,045	116,013	47,402	43,915	43,737	25,669	34,816	35,671	0	0	0	12,946	0	-5,376	5,376	0	-55,138	55,138	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Income From Continuing Ops	363,000	265,000	455,000	418,000	413,000	419,000	421,000	421,000	353,000	351,000	333,000	121,000	1,854,000	173,000	212,000	195,000	1,468,000	282,000	254,000	222,000	195,000	164,000	190,000	122,000	127,610	119,960	121,190	127,876	315,827	108,448	93,826	55,584	525,286	0	158,238	125,112	346,314	108,037	35,357	102,793	0	0	53,376	16,737	0	0	0	0	0	51,383	31,014	40,124	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-218,000	-214,000	-203,000	-200,000	-190,000	-176,000	-165,000	-164,000	-164,000	-163,000	-160,000	-169,000	-167,000	-168,000	-177,000	-174,000	-172,000	-171,000	-168,000	-166,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Non Operating Income Net Other	0	0	3,000	-1,000	-5,000	-2,000	-2,000	-26,000	-20,000	-1,000	-1,000	-143,000	-2,000	-98,000	1,000	1,000	8,000	-3,000	0	0	3,000	-30,000	-2,000	-71,000	4,708	11,156	-79	1,445	0	-10,931	-11,881	-33,649	0	0	56,117	-121	0	-486	-50,503	-2,563	0	0	258	-36,241	0	0	0	0	0	-562	-3,890	-435	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	23,000	0	62,000	-3,000	-9,000	-14,000	31,000	0	-6,000	-3,000	65,000	5,000	5,000	9,000	8,000	6,000	8,000	10,000	18,000	12,000	14,000	9,000	41,389	18,492	12,577	6,295	19,681	11,019	15,093	13,597	49,146	0	5,997	8,623	48,391	9,343	22,333	8,392	0	0	10,312	5,317	0	0	0	0	0	3,707	6,695	4,955	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	602,000	486,000	667,000	628,000	610,000	602,000	593,000	618,000	522,000	526,000	505,000	448,000	680,000	434,000	383,000	364,000	379,000	453,000	419,000	384,000	379,000	359,000	345,000	349,000	268,429	260,567	258,500	256,549	262,040	244,254	231,185	211,739	229,736	230,802	240,731	262,954	261,530	250,292	230,186	251,568	233,948	222,839	229,961	235,055	208,708	220,768	202,977	202,228	176,846	181,889	167,142	166,428	156,152	155,956	132,884	130,373	119,454	118,801	98,489	97,247	78,944	75,996	68,566	69,003	60,986	-12,818	37,914	13,446	40,542	32,401	27,562	20,922	20,496	627	7,579	-6,107	-46,670	11,628	3,515	26,669	23,566	10,040	6,275	11,822	-3,574	-7,904	4,910	-22,400	-2,984	-18,302	-16,321	-5,076	-3,906	2,391	1,175	6,010	8,400	200	1,500	700	5,100	-700	-2,200	11,900	-27,100	7,900	7,900	7,900
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	-	-	-	-	-
Other Operating Expenses	1,072,000	1,101,000	1,177,000	1,145,000	1,145,000	1,141,000	1,131,000	1,110,000	1,120,000	1,092,000	1,071,000	1,034,000	748,000	1,047,000	1,052,000	1,048,000	1,041,000	1,055,000	1,051,000	1,032,000	1,023,000	1,004,000	971,000	941,000	928,272	784,179	767,258	753,098	758,180	736,743	716,131	709,048	698,606	672,220	652,709	667,405	696,020	670,390	663,826	615,990	547,495	517,876	494,655	499,688	451,895	396,072	371,393	344,793	332,387	328,287	326,499	327,656	334,100	320,638	320,374	312,392	319,312	307,205	304,090	301,572	296,190	308,352	310,947	299,114	307,425	356,622	299,887	293,415	160,406	168,538	166,214	161,743	159,756	171,090	160,106	154,735	206,593	137,863	146,361	221,851	230,280	226,595	215,577	204,902	220,997	234,671	220,521	241,170	241,170	236,698	245,737	218,029	205,879	172,198	147,184	118,234	105,800	98,700	76,000	54,400	55,700	29,600	13,700	-	34,800	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	-113,000	0	28,000	28,000	29,000	28,000	28,000	28,000	29,000	28,000	28,000	28,000	28,359	29,935	0	0	0	10,997	10,997	10,997	0	0	-10,997	10,997	0	10,997	10,997	10,997	0	0	0	0	0	0	0	0	0	7,541	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	439,000	439,000	445,000	431,000	431,000	429,000	427,000	420,000	415,000	413,000	408,000	408,000	401,000	406,000	402,000	399,000	396,000	389,000	393,000	394,000	390,000	385,000	379,000	374,000	362,211	296,033	295,615	288,549	273,826	280,824	276,026	277,875	269,557	261,662	246,899	258,060	253,776	254,862	254,235	250,191	201,697	195,408	190,651	186,459	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	120,644	137,436	137,563	138,870	140,406	138,121	143,156	74,148	74,148	71,107	74,441	66,328	74,282	73,588	73,666	102,589	62,792	40,335	87,782	100,526	100,967	98,254	97,845	96,469	102,942	101,115	124,787	124,787	101,732	97,473	96,252	92,629	86,280	76,629	64,261	59,400	57,100	38,900	24,600	24,900	14,000	4,100	-	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,296	2,111	2,111	1,185	6,839	2,475	2,686	1,678	1,219	1,172	787	432	434	211	371	1,987	1,987	1,039	918	1,620	1,451	2,060	1,733	2,447	2,447	2,679	3,758	3,453	4,074	2,222	2,122	2,071	1,300	1,200	2,100	900	1,800	800	700	-	-	-	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	493,000	0	0	0	300,000	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	128,925	0	0	0	121,449	0	0	0	113,969	0	0	0	65,861	0	0	0	75,274	0	0	0	72,946	0	0	0	82,031	891	0	0	60,849	1,442	6,203	3,135	49,232	0	7,695	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Selling General Administrative	178,000	176,000	210,000	195,000	192,000	187,000	190,000	181,000	180,000	167,000	169,000	164,000	678,000	154,000	164,000	175,000	457,000	150,000	155,000	152,000	145,000	145,000	138,000	134,000	127,466	100,772	97,736	100,724	92,122	89,941	91,386	97,581	87,042	76,699	73,125	79,487	77,299	71,395	69,153	64,849	67,163	58,504	54,790	58,246	58,631	55,862	47,078	51,001	173,493	42,922	41,259	44,744	165,356	41,420	40,556	39,473	153,072	39,230	38,102	36,637	104,532	37,437	38,492	34,986	113,910	32,881	34,216	33,817	95,751	22,958	25,825	24,163	105,763	33,484	23,890	22,547	90,230	22,641	22,685	23,643	94,888	23,556	24,138	24,623	23,647	37,352	30,823	26,109	26,109	23,407	30,465	25,895	25,908	19,004	19,845	14,853	12,000	13,000	9,200	8,300	8,600	6,300	5,000	-	-	-	-	-
Tax Provision	5,000	7,000	7,000	7,000	2,000	3,000	5,000	6,000	1,000	7,000	6,000	7,000	5,000	5,000	6,000	5,000	6,000	5,000	4,000	6,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Total Operating Expenses	184,000	615,000	655,000	626,000	623,000	617,000	617,000	601,000	595,000	580,000	577,000	572,000	224,000	560,000	566,000	574,000	555,000	539,000	548,000	546,000	535,000	530,000	517,000	508,000	489,677	396,805	393,351	389,273	365,948	370,765	367,412	375,456	356,600	338,361	326,278	337,547	331,075	326,257	323,388	315,040	268,860	253,912	245,441	244,705	234,474	210,729	199,560	190,401	183,532	181,445	179,450	182,017	181,166	177,638	174,982	172,341	172,606	170,693	169,699	169,813	160,271	172,053	175,381	168,323	172,449	227,727	173,042	175,047	87,724	98,542	99,407	98,267	92,443	107,728	97,944	95,587	134,706	84,881	92,246	113,548	116,766	121,565	114,644	106,600	110,361	116,692	108,728	154,597	154,597	104,611	122,631	104,834	122,611	107,506	98,596	81,185	72,700	71,300	50,200	33,800	35,300	21,100	13,800	-	-34,800	-	-	-
Total Other Income Expense Net	-236,000	-80,000	-205,000	-203,000	-195,000	-180,000	-167,000	-191,000	-16,000	-5,000	-13,000	-154,000	-65,000	-103,000	-5,000	-9,000	-2,000	-11,000	-9,000	-12,000	-16,000	-43,000	-17,000	-81,000	-42,857	-18,524	-13,683	-5,220	-16,408	-22,125	-27,079	-47,420	-18,976	-20,043	42,305	-18,363	-3,928	-25,572	-89,187	-27,310	-20,735	-8,894	-10,382	-41,855	-132,305	-5,129	-20,908	-12,869	-118,758	-4,269	-10,585	-4,955	-202	-181,650	-117,467	-141,272	15,411	-66,248	-165,499	13,054	-102,516	-26,620	-4,993	-3,808	-83,841	-67,246	-8,460	-10,200	-14,699	-1,385	-4,461	-335	-283,216	-1,161	-203,190	-8,913	34,782	-13,145	-3,217	-26,744	13,770	-15,523	-14,111	-1,642	-66,334	-657	-100	-77,264	0	-80,301	-13,652	-1,395	-55,047	-55,229	-60,380	-461	-6,000	-27,200	4,000	-2,200	500	-9,000	1,300	-	-	-	-	-
Total Revenue	1,674,000	1,667,000	1,867,000	1,773,000	1,764,000	1,746,000	1,734,000	1,742,000	1,654,000	1,618,000	1,583,000	1,485,000	1,493,000	1,486,000	1,440,000	1,421,000	1,429,000	1,514,000	1,478,000	1,426,000	1,419,000	1,375,000	1,330,000	1,299,000	1,238,090	1,063,238	1,038,335	1,015,942	1,032,416	992,016	962,409	934,384	945,836	918,107	899,437	941,001	967,564	930,025	916,345	875,950	798,421	748,977	734,928	740,060	674,087	621,337	585,511	551,745	519,471	513,883	500,336	499,039	496,314	481,890	456,127	444,327	443,544	429,079	409,874	402,910	392,022	384,348	379,513	370,621	375,163	351,744	342,870	315,709	210,841	200,939	193,776	182,665	180,252	171,717	167,685	157,105	161,271	149,046	149,876	248,487	253,846	235,577	224,201	216,724	227,961	227,424	225,531	238,186	238,186	218,396	229,416	212,953	201,973	174,589	148,359	124,244	114,200	98,900	77,500	55,100	60,800	28,900	11,500	11,900	7,700	7,900	7,900	7,900

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

Gross Profit (+$)
totalRevenue	6,981,000
Cost of Revenue	-3,705,000
Gross Profit	3,276,000	3,276,000

Operating Income (+$)
Gross Profit	3,276,000
Operating Expense	-788,000
Operating Income	2,488,000	2,488,000

Operating Expense (+$)
Research Development	0
Selling General Administrative	773,000
Selling And Marketing Expenses	0
Operating Expense	788,000	773,000

Net Interest Income (+$)
Interest Income	12,000
Interest Expense	-865,000
Other Finance Cost	-45,000
Net Interest Income	-808,000

Pretax Income (+$)
Operating Income	2,488,000
Net Interest Income	-808,000
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	1,528,000	3,448,000 EBIT - interestExpense = 1,623,000 1,528,000 2,367,000
Interest Expense	865,000
Earnings Before Interest and Taxes (EBIT)	2,488,000	2,393,000
Earnings Before Interest and Taxes (EBITDA)	4,242,000

After tax Income (+$)
Income Before Tax	1,528,000
Tax Provision	-23,000
Net Income From Continuing Ops	1,553,000	1,505,000
Net Income	1,502,000
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	4,493,000
Total Other Income/Expenses Net	-960,000	808,000

Technical Analysis of Crown Castle
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 Crown Castle. The general trend of Crown Castle is BEARISH with 71.4% 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 Crown Castle'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 (-71.4%)		Bearish trend (71.4%)
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 Crown Castle.

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: 99.09 < 101.93 < 106.52.

The bearish price targets are: 92.72 > 91.16 > 82.40.

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Crown Castle 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 Crown Castle. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Crown Castle 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 Crown Castle. The current macd is -2.50041372.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

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

Crown Castle 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 Crown Castle. The current adx is 23.12.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Crown Castle shares, leading to potential downward 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 bearish trend could be forming. -1

Crown Castle 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 Crown Castle. The current sar is 100.00.

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

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

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of Crown Castle. The current rsi is 28.01. The current phase is Oversold in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

Oversold in bear market: Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions. +1
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Crown Castle 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 Crown Castle. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

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

Crown Castle 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 Crown Castle. The current cci is -171.46585377.

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

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

Crown Castle 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 Crown Castle. The current cmo is -54.62543035.

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

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

Crown Castle 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 Crown Castle. The current willr is -94.76896251.

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

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

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Crown Castle.

Crown Castle 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 Crown Castle. The current atr is 2.12682677.

Crown Castle 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 Crown Castle. The current obv is -72,787,789.

Crown Castle 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 Crown Castle. The current mfi is 27.07.

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

MFI < 50: -1

Crown Castle Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Crown Castle.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Crown Castle based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	28.005
Ma 20	Greater than	Ma 50	101.947
Ma 50	Greater than	Ma 100	105.072
Ma 100	Greater than	Ma 200	107.698
Open	Greater than	Close	96.720
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Quick analysis of Crown Castle (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Crown Castle (5 min.)

$95.65

$14.69

$9.79 - $42.96

$24.47 - $57.65

2. Growth of Crown Castle (5 min.)

Is Crown Castle growing?

How much money is Crown Castle making?

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

3. Financial Health of Crown Castle (5 min.)

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

What can you expect buying and holding a share of Crown Castle?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Crown Castle

About Crown Castle

Financial Health

Valuation

1.1. Profitability of Crown Castle.

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 Crown Castle.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Crown Castle.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of Crown Castle.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of Crown Castle

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

Crown Castle
Buy, Hold or Sell?