Carnival Corporation
Buy, Hold or Sell?

Let's analyse Carnival Corporation together

Penke I guess you are interested in Carnival Corporation. 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 Carnival Corporation. 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 Carnival Corporation (30 sec.)

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

How much money do you get?

$0.06

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$5.45

Expected worth in 1 year

$3.32

How sure are you?

60.0%

+ What do you gain per year?

Total Gains per Share

$-2.07

Return On Investment

-14.0%

For what price can you sell your share?

Current Price per Share

$14.82

Expected price per share

$10.38 - $17.83

How sure are you?

50%

1. Valuation of Carnival Corporation (5 min.)

Live pricePrice per Share (EOD)

$14.82

Book Value per Share

$5.45

Intrinsic Value Per Share

$-36.16 - $133.56

Total Value Per Share

$-30.71 - $139.02

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($-1.22) 5Y: ($-4.10) 3Y: ($-3.89)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.02) 5Y: ($-0.16) 3Y: ($3.21)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-4.02	$1.94	$-4.26 - $1.99
2	$-7.95	$6.84	$-4.42 - $5.20
3	$-11.80	$14.54	$-4.58 - $8.41
4	$-15.56	$24.87	$-4.75 - $11.62
5	$-19.23	$37.67	$-4.91 - $14.83
6	$-22.81	$52.78	$-5.07 - $18.04
7	$-26.29	$70.06	$-5.24 - $21.25
8	$-29.68	$89.37	$-5.40 - $24.46
9	$-32.97	$110.58	$-5.56 - $27.67
10	$-36.16	$133.56	$-5.72 - $30.88

2. Growth of Carnival Corporation (5 min.)

Is Carnival Corporation growing?

	Current year	Previous year	Grow	Grow %
How rich?	$6.8b	$7b	-$182m	-2.6%

How much money is Carnival Corporation making?

	Current year	Previous year	Grow	Grow %
Making money	-$74m	-$6b	$6b	8,135.1%
Net Profit Margin	-0.3%	-50.1%	-	-

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

Quarterly Yearly

3. Financial Health of Carnival Corporation (5 min.)

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

Industry Rankings (Travel Services)

Richest
#3 / 76

Most Revenue
#4 / 76

Most Profit
#10 / 76

Most Efficient
#37 / 76

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

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

What can you expect buying and holding a share of Carnival Corporation?

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

Speculation

The Price per Share of Carnival Corporation is $14.82. 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 Carnival Corporation.
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 Carnival Corporation, 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 $5.45. Based on the TTM, the Book Value Change Per Share is $-0.53 per quarter. Based on the YOY, the Book Value Change Per Share is $-4.83 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.02 per quarter.

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

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	-0.06	-0.4%	-0.06	-0.4%	-5.16	-34.8%	-4.03	-27.2%	-0.99	-6.7%
Usd Book Value Change Per Share	-0.53	-3.6%	-0.53	-3.6%	-4.83	-32.6%	-3.27	-22.0%	-1.64	-11.1%
Usd Dividend Per Share	0.02	0.1%	0.02	0.1%	0.07	0.5%	2.60	17.5%	1.75	11.8%
Usd Total Gains Per Share	-0.52	-3.5%	-0.52	-3.5%	-4.75	-32.1%	-0.66	-4.5%	0.10	0.7%
Usd Price Per Share	15.06	-	15.06	-	9.93	-	21.53	-	37.97	-
Price to Earnings Ratio	-256.83	-	-256.83	-	-1.92	-	-49.22	-	-10.32	-
Price-to-Total Gains Ratio	-29.11	-	-29.11	-	-2.09	-	-1.96	-	5.46	-
Price to Book Ratio	2.76	-	2.76	-	1.66	-	1.83	-	2.19	-
Price-to-Total Gains Ratio	-29.11	-	-29.11	-	-2.09	-	-1.96	-	5.46	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	14.82
Number of shares	67

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.02	2.60
Usd Book Value Change Per Share	-0.53	-3.27
Usd Total Gains Per Share	-0.52	-0.66
Gains per Quarter (67 shares)	-34.66	-44.55
Gains per Year (67 shares)	-138.65	-178.22

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	4	-143	-149	697	-875	-188
2	8	-286	-288	1394	-1750	-366
3	13	-429	-427	2091	-2625	-544
4	17	-572	-566	2787	-3500	-722
5	21	-714	-705	3484	-4375	-900
6	25	-857	-844	4181	-5250	-1078
7	30	-1000	-983	4878	-6125	-1256
8	34	-1143	-1122	5575	-7000	-1434
9	38	-1286	-1261	6272	-7876	-1612
10	42	-1429	-1400	6968	-8751	-1790

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	0.0	1.0	0.0	0.0%	0.0	3.0	0.0	0.0%	1.0	4.0	0.0	20.0%	6.0	4.0	0.0	60.0%	29.0	4.0	0.0	87.9%
Book Value Change Per Share	0.0	1.0	0.0	0.0%	0.0	3.0	0.0	0.0%	1.0	4.0	0.0	20.0%	3.0	7.0	0.0	30.0%	24.0	9.0	0.0	72.7%
Dividend per Share	1.0	0.0	0.0	100.0%	3.0	0.0	0.0	100.0%	5.0	0.0	0.0	100.0%	10.0	0.0	0.0	100.0%	33.0	0.0	0.0	100.0%
Total Gains per Share	0.0	1.0	0.0	0.0%	1.0	2.0	0.0	33.3%	2.0	3.0	0.0	40.0%	6.0	4.0	0.0	60.0%	29.0	4.0	0.0	87.9%

Fundamentals of Carnival Corporation

About Carnival Corporation

https://www.carnivalcorp.com
Travel Services
106000
3655 N.W. 87th Avenue, Miami, FL, United States, 33178-2428
Google Maps Bing Maps

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches. The company offers its services under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises, and Cunard brand. Additionally, it sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.

Fundamental data was last updated by Penke on 2024-04-13 08:58:04.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is not making a profit/loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

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

Liquidity Details

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

1.1. Profitability of Carnival Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Carnival Corporation to the Travel Services industry mean.
A Net Profit Margin of -0.3% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Carnival Corporation:

The MRQ is -0.3%. The company is not making a profit/loss.
The TTM is -0.3%. The company is not making a profit/loss.

Trends

Current period		Compared to		+/-
MRQ	-0.3%	TTM	-0.3%	0.0%
TTM	-0.3%	YOY	-50.1%	+49.7%
TTM	-0.3%	5Y	-143.4%	+143.1%
5Y	-143.4%	10Y	-65.0%	-78.4%

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
MRQ	-0.3%	-2.6%	+2.3%
TTM	-0.3%	0.4%	-0.7%
YOY	-50.1%	-16.5%	-33.6%
5Y	-143.4%	-30.5%	-112.9%
10Y	-65.0%	-19.6%	-45.4%

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

Revenue is the amount of profit Carnival Corporation 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 Carnival Corporation 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 Carnival Corporation to the Travel Services industry mean.
Can be used to compare companies within the Travel Services industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Carnival Corporation. If profit margins remain low (compared to the Travel Services 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 Carnival Corporation is 0.00. This means that Carnival Corporation earned $0.00 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 Travel Services industry is -2.6%.
What is the trend?
The trend is important because it shows you how Carnival Corporation is performing over time. The most recent quarter might be important if Carnival Corporation 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 Carnival Corporation 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 Carnival Corporation with other companies in the same industry (Travel Services).
Net profit margin should rise over the years.
Can be influenced when Carnival Corporation sells assets (profit will increase while costs remain the same).
It won’t show what part of Carnival Corporation 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 Carnival Corporation

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 Carnival Corporation = -214,000
Total revenue MRQ Carnival Corporation = 5,406,000
$-214,000 / $5,406,000 = 0.00 or -0.3%

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 Carnival Corporation is using its assets to generate profit.

Above 5% is considered healthy but always compare Carnival Corporation to the Travel Services industry mean.
-0.2% Return on Assets means that Carnival Corporation generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Carnival Corporation:

The MRQ is -0.2%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -0.2%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-0.2%	TTM	-0.2%	0.0%
TTM	-0.2%	YOY	-11.8%	+11.6%
TTM	-0.2%	5Y	-8.4%	+8.3%
5Y	-8.4%	10Y	-1.4%	-7.1%

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
MRQ	-0.2%	-0.5%	+0.3%
TTM	-0.2%	0.2%	-0.4%
YOY	-11.8%	-2.2%	-9.6%
5Y	-8.4%	-2.2%	-6.2%
10Y	-1.4%	-0.8%	-0.6%

Shows how efficient Carnival Corporation 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 Carnival Corporation to the Travel Services 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 Carnival Corporation is using its resources to generate profit. If the return on assets (-0.2%) from Carnival Corporation are higher than the Travel Services mean (-0.5%) that means Carnival Corporation 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 Carnival Corporation is -0.2%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Travel Services industry is -0.5%.
What is the trend?
The trend is important because it shows you how Carnival Corporation is performing over time. The most recent quarter might be important if Carnival Corporation 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 Carnival Corporation 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 Carnival Corporation

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

Income statement
Balance sheet

Net income MRQ (income statement) from Carnival Corporation = -214,000
Total assets MRQ (balance sheet) from Carnival Corporation = 49,761,000
-214,000 / 49,761,000 = 0.00 or -0.2%

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

Above 15%-20% is considered healthy but always compare Carnival Corporation to the Travel Services industry mean.
-1.1% Return on Equity means Carnival Corporation generated $-0.01 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Carnival Corporation:

The MRQ is -1.1%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -1.1%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-1.1%	TTM	-1.1%	0.0%
TTM	-1.1%	YOY	-86.3%	+85.2%
TTM	-1.1%	5Y	-40.7%	+39.6%
5Y	-40.7%	10Y	-15.5%	-25.2%

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
MRQ	-1.1%	-1.0%	-0.1%
TTM	-1.1%	1.7%	-2.8%
YOY	-86.3%	-9.2%	-77.1%
5Y	-40.7%	-9.7%	-31.0%
10Y	-15.5%	-3.7%	-11.8%

Shows how efficient Carnival Corporation 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 Carnival Corporation to the Travel Services 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 Travel Services 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 Carnival Corporation is -1.1%. This means Carnival Corporation generated $-0.01 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Travel Services industry is -1.0%.
What is the trend?
The trend is important because it shows you how Carnival Corporation is performing over time. The most recent quarter might be important if Carnival Corporation 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 Carnival Corporation up to 10 years back (depending if Carnival Corporation 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 Carnival Corporation

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Carnival Corporation = -214,000
Shareholders equity (balance sheet) MRQ Carnival Corporation = 6,682,000
-214,000 / 6,682,000 = -0.01 or -1.1%

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 Carnival Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Carnival Corporation is operating .

Measures how much profit Carnival Corporation 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 Carnival Corporation to the Travel Services industry mean.
An Operating Margin of 9.8% means the company generated $0.10 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Carnival Corporation:

The MRQ is 9.8%. The company is operating less efficient.
The TTM is 9.8%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	9.8%	TTM	9.8%	0.0%
TTM	9.8%	YOY	-36.0%	+45.8%
TTM	9.8%	5Y	-108.1%	+117.9%
5Y	-108.1%	10Y	-45.9%	-62.2%

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
MRQ	9.8%	1.9%	+7.9%
TTM	9.8%	3.0%	+6.8%
YOY	-36.0%	-10.2%	-25.8%
5Y	-108.1%	-22.5%	-85.6%
10Y	-45.9%	-13.8%	-32.1%

Measures how efficient Carnival Corporation 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 Carnival Corporation to the Travel Services 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 Carnival Corporation 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 Carnival Corporation is 9.8%. This means that Carnival Corporation earned $0.10 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Travel Services industry is 1.9%.
What is the trend?
The trend is important because it shows you how Carnival Corporation is performing over time. The most recent quarter might be important if Carnival Corporation 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 Carnival Corporation 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 Carnival Corporation

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Carnival Corporation = 275,000
Total revenue MRQ Carnival Corporation = 5,406,000
$275,000 / $5,406,000 = 0.10 or 9.8%

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 Carnival Corporation is keeping operating costs low.

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

Let's take a look of the Operating Ratio trends of Carnival Corporation:

The MRQ is 0.909. The company is less efficient in keeping operating costs low.
The TTM is 0.909. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.909	TTM	0.909	0.000
TTM	0.909	YOY	1.360	-0.450
TTM	0.909	5Y	1.984	-1.075
5Y	1.984	10Y	1.411	+0.573

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
MRQ	0.909	1.170	-0.261
TTM	0.909	1.221	-0.312
YOY	1.360	1.309	+0.051
5Y	1.984	1.456	+0.528
10Y	1.411	1.326	+0.085

Measures how efficient Carnival Corporation 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 Carnival Corporation to the Travel Services 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 Carnival Corporation is 90.9%. This means that Carnival Corporation earned $0.91 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Travel Services industry is 1.17.
What is the trend?
The trend is important because it shows you how Carnival Corporation is performing over time. The most recent quarter might be important if Carnival Corporation 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 Carnival Corporation 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 Carnival Corporation

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
(4,318,000 +813,000) \ 5,406,000 = 0.91

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

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

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

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

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

1.3. Liquidity of Carnival Corporation.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Travel Services industry mean).
A Current Ratio of 0.46 means the company has $0.46 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Carnival Corporation:

The MRQ is 0.459. The company is unable to pay all its short-term debts. -2
The TTM is 0.459. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.459	TTM	0.459	0.000
TTM	0.459	YOY	0.706	-0.248
TTM	0.459	5Y	0.716	-0.257
5Y	0.716	10Y	0.481	+0.235

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
MRQ	0.459	1.073	-0.614
TTM	0.459	1.073	-0.614
YOY	0.706	1.124	-0.418
5Y	0.716	1.188	-0.472
10Y	0.481	1.276	-0.795

Measures if Carnival Corporation 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 Travel Services 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 Carnival Corporation 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 Carnival Corporation is 0.46. This means Carnival Corporation has $0.46 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Travel Services industry is 1.07.
What is the trend?
The trend is important because it shows you how Carnival Corporation is performing over time. The most recent quarter might be important if Carnival Corporation 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 Carnival Corporation 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 Carnival Corporation

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
4,484,000 \ 12,396,000) = 0.46

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

Above 1 is considered healthy but always compare Carnival Corporation to the Travel Services industry mean.
A Quick Ratio of 0.26 means the company can pay off $0.26 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Carnival Corporation:

The MRQ is 0.259. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.259. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.259	TTM	0.259	0.000
TTM	0.259	YOY	0.417	-0.158
TTM	0.259	5Y	0.566	-0.307
5Y	0.566	10Y	0.356	+0.210

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
MRQ	0.259	0.614	-0.355
TTM	0.259	0.630	-0.371
YOY	0.417	0.800	-0.383
5Y	0.566	0.941	-0.375
10Y	0.356	0.850	-0.494

Measures if Carnival Corporation 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 Carnival Corporation to the Travel Services 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 Carnival Corporation can pay off its short term debts. This shows if Carnival Corporation 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 Carnival Corporation is 0.26. This means that Carnival Corporation can pay off $0.26 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Travel Services industry is 0.61.
What is the trend?
The trend is important because it shows you how Carnival Corporation is performing over time. The most recent quarter might be important if Carnival Corporation 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 Carnival Corporation 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 Carnival Corporation

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 Carnival Corporation: (2,274,000 + 0 +644,000) / 12,396,000 = 0.26

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 Carnival Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Carnival Corporation assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Carnival Corporation to Travel Services industry mean.
A Debt to Asset Ratio of 0.86 means that Carnival Corporation assets are financed with 86.0% credit (debt) and the remaining percentage (100% - 86.0%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Carnival Corporation:

The MRQ is 0.860. The company is just able to pay all its debts by selling its assets.
The TTM is 0.860. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.860	TTM	0.860	0.000
TTM	0.860	YOY	0.863	-0.003
TTM	0.860	5Y	0.710	+0.150
5Y	0.710	10Y	0.558	+0.152

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
MRQ	0.860	0.649	+0.211
TTM	0.860	0.649	+0.211
YOY	0.863	0.672	+0.191
5Y	0.710	0.636	+0.074
10Y	0.558	0.596	-0.038

Measures how much % of Carnival Corporation assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Carnival Corporation to Travel Services 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 Carnival Corporation is 0.86. This means means that Carnival Corporation is financed with 86.0% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Travel Services industry is 107.3%.
What is the trend?
The trend is important because it shows you how Carnival Corporation is performing over time. The most recent quarter might be important if Carnival Corporation 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 Carnival Corporation 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 Carnival Corporation has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Carnival Corporation

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

Balance sheet
Debt to asset ratio = total debt \ total assets
43,079,000 \ 49,761,000 = 86.0% or 0.86.

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

Below 2 is considered healthy but always compare Carnival Corporation to the Travel Services industry mean.
A Debt to Equity ratio of 613.7% means that company has $6.14 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Carnival Corporation:

The MRQ is 6.137. The company is unable to pay all its debts with equity. -1
The TTM is 6.137. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	6.137	TTM	6.137	0.000
TTM	6.137	YOY	6.319	-0.182
TTM	6.137	5Y	3.647	+2.491
5Y	3.647	10Y	2.165	+1.481

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
MRQ	6.137	1.524	+4.613
TTM	6.137	1.835	+4.302
YOY	6.319	1.478	+4.841
5Y	3.647	1.656	+1.991
10Y	2.165	1.487	+0.678

Measures if Carnival Corporation 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 Carnival Corporation 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 Carnival Corporation is 6.14. This means that Carnival Corporation can pay off $6.14 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Travel Services industry is 1.52.
What is the trend?
The trend is important because it shows you how Carnival Corporation is performing over time. The most recent quarter might be important if Carnival Corporation 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 Carnival Corporation 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 Carnival Corporation

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
43,079,000 \ 6,682,000 = 6.14 or 613.7%

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 Carnival Corporation

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 Carnival Corporation generates.

Above 15 is considered overpriced but always compare Carnival Corporation to the Travel Services industry mean.
A PE ratio of -256.83 means the investor is paying $-256.83 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Carnival Corporation:

The EOD is -252.741. Based on the earnings, the company is expensive. -2
The MRQ is -256.834. Based on the earnings, the company is expensive. -2
The TTM is -256.834. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-252.741	MRQ	-256.834	+4.093
MRQ	-256.834	TTM	-256.834	0.000
TTM	-256.834	YOY	-1.923	-254.911
TTM	-256.834	5Y	-49.222	-207.612
5Y	-49.222	10Y	-10.324	-38.898

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
EOD	-252.741	-1.201	-251.540
MRQ	-256.834	-4.203	-252.631
TTM	-256.834	1.556	-258.390
YOY	-1.923	-4.251	+2.328
5Y	-49.222	3.352	-52.574
10Y	-10.324	10.198	-20.522

Measures how much money you pay for each share for every $1 in earnings Carnival Corporation 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 Carnival Corporation to the Travel Services 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 Carnival Corporation is -256.83. This means the investor is paying $-256.83 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Travel Services industry is -4.20.
What is the trend?
The trend is important because it shows you how Carnival Corporation is performing over time. The most recent quarter might be important if Carnival Corporation 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 Carnival Corporation 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 Carnival Corporation

You need the following data to determine the PE ratio:

Balance sheet
Income statement

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

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 1,264,000 = EPS
PE ratio MRQ = -256.83

* 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 Carnival Corporation:

The EOD is 18.759. Based on how much money comes from the company's main activities, the company is underpriced. +1
The MRQ is 19.063. Based on how much money comes from the company's main activities, the company is underpriced. +1
The TTM is 19.063. Based on how much money comes from the company's main activities, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	18.759	MRQ	19.063	-0.304
MRQ	19.063	TTM	19.063	0.000
TTM	19.063	YOY	-1.773	+20.836
TTM	19.063	5Y	222.468	-203.405
5Y	222.468	10Y	129.246	+93.221

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
EOD	18.759	3.588	+15.171
MRQ	19.063	4.083	+14.980
TTM	19.063	4.083	+14.980
YOY	-1.773	-3.765	+1.992
5Y	222.468	-0.329	+222.797
10Y	129.246	2.874	+126.372

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Travel Services industry mean).
A PB ratio of 2.76 means the investor is paying $2.76 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Carnival Corporation:

The EOD is 2.718. Based on the equity, the company is underpriced. +1
The MRQ is 2.762. Based on the equity, the company is underpriced. +1
The TTM is 2.762. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	2.718	MRQ	2.762	-0.044
MRQ	2.762	TTM	2.762	0.000
TTM	2.762	YOY	1.659	+1.103
TTM	2.762	5Y	1.827	+0.935
5Y	1.827	10Y	2.193	-0.365

Compared to industry (Travel Services)

Period	Company	Industry (mean)	+/-
EOD	2.718	2.884	-0.166
MRQ	2.762	3.162	-0.400
TTM	2.762	3.202	-0.440
YOY	1.659	2.971	-1.312
5Y	1.827	3.187	-1.360
10Y	2.193	3.402	-1.209

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Carnival Corporation

Institutions are holding 60.532% of the shares of Carnival Corporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	8.6385	0.0458	113163718	559038	0.4965
2023-12-31	BlackRock Inc	4.9018	0.0304	64213061	1019767	1.6137
2023-12-31	PUBLIC INVESTMENT FUND	3.8802	2.6742	50830926	0	0
2023-12-31	State Street Corporation	2.98	0.0352	39037942	1113662	2.9365
2023-12-31	Bessemer Group Inc	2.7975	1.3238	36647587	899335	2.5157
2023-12-31	Geode Capital Management, LLC	1.6804	0.0426	22013021	499918	2.3238
2023-12-31	Morgan Stanley - Brokerage Accounts	1.3923	0.0298	18239645	1784862	10.8471
2023-12-31	Two Sigma Advisers, LLC	1.2293	0.699	16103300	-1266500	-7.2914
2023-12-31	Northern Trust Corp	1.0006	0.044	13108153	-219789	-1.6491
2023-12-31	Two Sigma Investments LLC	0.965	0.5383	12640829	35180	0.2791
2023-12-31	Goldman Sachs Group Inc	0.9188	0.02	12036052	8191950	213.1044
2023-12-31	Arrowstreet Capital Limited Partnership	0.7949	0.2024	10413425	10413425	0
2023-12-31	Nuveen Asset Management, LLC	0.771	0.0602	10100506	-491700	-4.6421
2023-12-31	Qube Research & Technologies	0.6847	0.3237	8969295	871163	10.7576
2023-09-30	VOLORIDGE INVESTMENT MANAGEMENT, LLC	0.6682	0.5922	8753228	1027105	13.2939
2023-12-31	Amvescap Plc.	0.6578	0.038	8616869	-630776	-6.8209
2023-12-31	Squarepoint Ops LLC	0.5016	0.2306	6571465	2886155	78.3151
2023-12-31	Bank of New York Mellon Corp	0.4859	0.0239	6365236	-204641	-3.1148
2023-09-30	Candlestick Capital Management LP	0.4835	2.4185	6333967	824010	14.9549
2023-12-31	PRIMECAP Management Company	0.4822	0.0927	6317278	-64200	-1.006
Total		35.9142	9.4653	470475503	+27247964	+5.8%

3.2. Funds holding Carnival Corporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Performer (AFRIS)	2.8746	0.0394	36420670	36420670	0
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.488	0.0323	31523547	-69537	-0.2201
2024-02-29	Vanguard Institutional 500 Index Trust	1.9843	0.0373	25141405	249530	1.0025
2024-02-29	Vanguard Mid Cap Index Institutional	1.777	0.223	22514032	-58122	-0.2575
2024-01-31	Fidelity 500 Index	0.9441	0.0409	11961818	122424	1.034
2024-02-29	SPDR® S&P 500 ETF Trust	0.9319	0.0373	11807661	74152	0.632
2024-02-29	iShares Core S&P 500 ETF	0.8273	0.0373	10481975	31800	0.3043
2024-02-29	Vanguard Value Index Inv	0.6647	0.0823	8422073	28886	0.3442
2024-02-29	Vanguard Mid-Cap Value ETF	0.5872	0.4209	7439570	-212652	-2.779
2024-02-29	Vanguard Institutional Index I	0.5244	0.0372	6644337	-19338	-0.2902
2024-02-29	Consumer Discret Sel Sect SPDR® ETF	0.4725	0.4533	5986409	47502	0.7998
2024-02-29	Invesco S&P 500® Equal Weight ETF	0.4058	0.1616	5141012	30212	0.5911
2024-02-29	State St S&P 500® Indx SL Cl III	0.3848	0.037	4876033	23600	0.4864
2024-01-31	CREF Growth R1	0.3779	0.2267	4787807	433399	9.9531
2023-12-31	Blackrock Eq Idx Fund CF	0.2845	0.0465	3604600	29892	0.8362
2024-02-29	BlackRock Systematic Multi-Strat Instl	0.2741	0.8296	3472347	225728	6.9527
2024-02-29	Russell 1000 Index Fund	0.2391	0.0337	3029584	0	0
2024-01-31	Fidelity Mid Cap Index	0.2328	0.1569	2949543	37598	1.2912
2024-02-29	iShares Russell Mid-Cap ETF	0.2262	0.1425	2866199	-5082	-0.177
2024-02-29	AF High Growth (AFRIS)	0.2187	0.037	2770471	2770471	0
Total		16.7199	3.1127	211841093	+40161133	+19.0%

3.3. Insider Transactions

Insiders are holding 7.846% of the shares of Carnival Corporation.

Date	Owner	Type	Amount	Price
2024-02-15	David Bernstein	SELL	153995	15.37
2024-01-19	David Bernstein	SELL	34020	17.05
2023-10-19	Randall J Weisenburger	BUY	100000	11.5
2023-10-10	Randall J Weisenburger	BUY	350000	12.99

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Carnival Corporation 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	-	-	-0.533	-0.533	0%	-4.828	+806%	-3.265	+512%	-1.643	+208%
Book Value Per Share	-	-	5.453	5.453	0%	5.986	-9%	12.634	-57%	16.948	-68%
Current Ratio	-	-	0.459	0.459	0%	0.706	-35%	0.716	-36%	0.481	-5%
Debt To Asset Ratio	-	-	0.860	0.860	0%	0.863	0%	0.710	+21%	0.558	+54%
Debt To Equity Ratio	-	-	6.137	6.137	0%	6.319	-3%	3.647	+68%	2.165	+183%
Dividend Per Share	-	-	0.016	0.016	0%	0.074	-79%	2.600	-99%	1.747	-99%
Eps	-	-	-0.059	-0.059	0%	-5.164	+8706%	-4.028	+6769%	-0.987	+1582%
Free Cash Flow Per Share	-	-	0.790	0.790	0%	-5.602	+809%	-4.096	+619%	-1.215	+254%
Free Cash Flow To Equity Per Share	-	-	-3.242	-3.242	0%	-2.570	-21%	0.148	-2293%	0.152	-2235%
Gross Profit Margin	-	-	1.000	1.000	0%	1.413	-29%	0.993	+1%	0.469	+113%
Intrinsic Value_10Y_max	-	-	133.563	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-36.165	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.937	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-4.018	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	14.543	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-11.803	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	37.667	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-19.232	-	-	-	-	-	-	-	-
Market Cap	16632782400.000	-14%	19005720000.000	19005720000.000	0%	11717400000.000	+62%	24705703840.000	-23%	42883322880.000	-56%
Net Profit Margin	-	-	-0.003	-0.003	0%	-0.501	+14513%	-1.434	+41744%	-0.650	+18852%
Operating Margin	-	-	0.098	0.098	0%	-0.360	+467%	-1.081	+1204%	-0.459	+569%
Operating Ratio	-	-	0.909	0.909	0%	1.360	-33%	1.984	-54%	1.411	-36%
Pb Ratio	2.718	-2%	2.762	2.762	0%	1.659	+66%	1.827	+51%	2.193	+26%
Pe Ratio	-252.741	+2%	-256.834	-256.834	0%	-1.923	-99%	-49.222	-81%	-10.324	-96%
Price Per Share	14.820	-2%	15.060	15.060	0%	9.930	+52%	21.534	-30%	37.970	-60%
Price To Free Cash Flow Ratio	18.759	-2%	19.063	19.063	0%	-1.773	+109%	222.468	-91%	129.246	-85%
Price To Total Gains Ratio	-28.646	+2%	-29.110	-29.110	0%	-2.088	-93%	-1.956	-93%	5.456	-634%
Quick Ratio	-	-	0.259	0.259	0%	0.417	-38%	0.566	-54%	0.356	-27%
Return On Assets	-	-	-0.002	-0.002	0%	-0.118	+7724%	-0.084	+5504%	-0.014	+806%
Return On Equity	-	-	-0.011	-0.011	0%	-0.863	+7923%	-0.407	+3687%	-0.155	+1343%
Total Gains Per Share	-	-	-0.517	-0.517	0%	-4.755	+819%	-0.665	+29%	0.104	-598%
Usd Book Value	-	-	6882000000.000	6882000000.000	0%	7064000000.000	-3%	14402200000.000	-52%	19132600000.000	-64%
Usd Book Value Change Per Share	-	-	-0.533	-0.533	0%	-4.828	+806%	-3.265	+512%	-1.643	+208%
Usd Book Value Per Share	-	-	5.453	5.453	0%	5.986	-9%	12.634	-57%	16.948	-68%
Usd Dividend Per Share	-	-	0.016	0.016	0%	0.074	-79%	2.600	-99%	1.747	-99%
Usd Eps	-	-	-0.059	-0.059	0%	-5.164	+8706%	-4.028	+6769%	-0.987	+1582%
Usd Free Cash Flow	-	-	997000000.000	997000000.000	0%	-6610000000.000	+763%	-4640800000.000	+565%	-1385600000.000	+239%
Usd Free Cash Flow Per Share	-	-	0.790	0.790	0%	-5.602	+809%	-4.096	+619%	-1.215	+254%
Usd Free Cash Flow To Equity Per Share	-	-	-3.242	-3.242	0%	-2.570	-21%	0.148	-2293%	0.152	-2235%
Usd Market Cap	16632782400.000	-14%	19005720000.000	19005720000.000	0%	11717400000.000	+62%	24705703840.000	-23%	42883322880.000	-56%
Usd Price Per Share	14.820	-2%	15.060	15.060	0%	9.930	+52%	21.534	-30%	37.970	-60%
Usd Profit	-	-	-74000000.000	-74000000.000	0%	-6094000000.000	+8135%	-4583000000.000	+6093%	-1138500000.000	+1439%
Usd Revenue	-	-	21593000000.000	21593000000.000	0%	12169000000.000	+77%	12417800000.000	+74%	14646700000.000	+47%
Usd Total Gains Per Share	-	-	-0.517	-0.517	0%	-4.755	+819%	-0.665	+29%	0.104	-598%
	EOD	+4 -4	MRQ	TTM	+0 -0	YOY	+22 -14	5Y	+20 -16	10Y	+18 -18

4.2. Fundamental Score

Let's check the fundamental score of Carnival Corporation based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-252.741
Price to Book Ratio (EOD)	Between	0-1	2.718
Net Profit Margin (MRQ)	Greater than	0	-0.003
Operating Margin (MRQ)	Greater than	0	0.098
Quick Ratio (MRQ)	Greater than	1	0.259
Current Ratio (MRQ)	Greater than	1	0.459
Debt to Asset Ratio (MRQ)	Less than	1	0.860
Debt to Equity Ratio (MRQ)	Less than	1	6.137
Return on Equity (MRQ)	Greater than	0.15	-0.011
Return on Assets (MRQ)	Greater than	0.05	-0.002
Total			2/10 (20.0%)

Create your own Stock Scanner

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

Let's check the technical score of Carnival Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	45.343
Ma 20	Greater than	Ma 50	14.782
Ma 50	Greater than	Ma 100	15.555
Ma 100	Greater than	Ma 200	16.319
Open	Greater than	Close	14.950
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.
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Latest Balance Sheet

Balance Sheet of 2023-11-30. Currency in USD. All numbers in thousands.

Summary

Total Assets	49,120,000
Total Liabilities	42,238,000
Total Stockholder Equity	6,882,000

	As reported
Total Liabilities	42,238,000
Total Stockholder Equity	+ 6,882,000
Total Assets	= 49,120,000

Assets

Total Assets	49,120,000
Total Current Assets	5,266,000
Long-term Assets	43,854,000

Total Current Assets

Total Current Assets (as reported)	5,266,000
Cash And Cash Equivalents	2,415,000
Net Receivables	556,000
Inventory	528,000
Other Current Assets	1,756,000
Total Current Assets (calculated)	5,255,000
+/-	11,000

Long-term Assets

Long-term Assets (as reported)	43,854,000
Property Plant Equipment	41,381,000
Goodwill	579,000
Intangible Assets	1,169,000
Other Assets	725,000
Long-term Assets (calculated)	43,854,000
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	11,481,000
Long-term Liabilities	30,757,000
Total Stockholder Equity	6,882,000

Total Current Liabilities

Total Current Liabilities (as reported)	11,481,000
Short-term Debt	2,238,000
Short Long Term Debt	2,089,000
Accounts payable	1,168,000
Other Current Liabilities	2,003,000
Total Current Liabilities (calculated)	7,498,000
+/-	3,983,000

Long-term Liabilities

Long-term Liabilities (as reported)	30,757,000
Long term Debt	28,483,000
Capital Lease Obligations Min Short Term Debt	-919,000
Other Liabilities	1,104,000
Long-term Liabilities Other	1,104,000
Long-term Liabilities (calculated)	29,772,000
+/-	985,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	6,882,000
Common Stock	373,000
Retained Earnings	185,000
Accumulated Other Comprehensive Income	-1,939,000
Other Stockholders Equity	8,263,000
Total Stockholder Equity (calculated)	6,882,000
+/-	0

Other

Capital Stock	373,000
Cash and Short Term Investments	2,415,000
Common Stock Shares Outstanding	1,262,000
Current Deferred Revenue	6,072,000
Liabilities and Stockholders Equity	49,120,000
Net Debt	29,476,000
Net Invested Capital	37,454,000
Net Tangible Assets	5,134,000
Net Working Capital	-6,215,000
Property Plant and Equipment Gross	41,381,000
Short Long Term Debt Total	31,891,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-11-30

2022-11-30

2021-11-30

2020-11-30

2019-11-30

2018-11-30

2017-11-30

2016-11-30

2015-11-30

2014-11-30

2013-11-30

2012-11-30

2011-11-30

2010-11-30

2009-11-30

2008-11-30

2007-11-30

2006-11-30

2005-11-30

2004-11-30

2003-11-30

2002-11-30

2001-11-30

2000-11-30

1999-11-30

1998-11-30

1997-11-30

1996-11-30

1995-11-30

1994-11-30

1993-11-30

1992-11-30

1991-11-30

1990-11-30

1989-11-30

1988-11-30

1987-11-30

1986-11-30

> Total Assets

528,100
941,000
1,049,500
2,220,200
2,683,500
2,650,300
2,645,600
3,218,900
3,669,823
4,105,487
5,101,888
5,426,775
7,179,323
8,286,355
9,831,320
11,563,552
12,334,848
24,491,000
27,636,000
28,432,000
30,552,000
34,181,000
33,400,000
36,835,000
37,490,000
38,637,000
39,161,000
40,104,000
39,532,000
39,237,000
38,936,000
40,778,000
42,401,000
45,058,000
53,593,000
53,344,000
51,703,000
49,120,000

49,120,000

51,703,000

53,344,000

53,593,000

45,058,000

42,401,000

40,778,000

38,936,000

39,237,000

39,532,000

40,104,000

39,161,000

38,637,000

37,490,000

36,835,000

33,400,000

34,181,000

30,552,000

28,432,000

27,636,000

24,491,000

12,334,848

11,563,552

9,831,320

8,286,355

7,179,323

5,426,775

5,101,888

4,105,487

3,669,823

3,218,900

2,645,600

2,650,300

2,683,500

2,220,200

1,049,500

941,000

528,100

> Total Current Assets

82,500
375,400
395,000
211,300
221,300
363,800
311,400
253,800
240,449
256,378
290,933
336,025
370,279
791,636
549,482
1,958,988
1,132,152
2,132,000
1,728,000
2,215,000
1,995,000
1,976,000
1,650,000
1,518,000
1,244,000
1,312,000
1,821,000
1,937,000
1,503,000
2,451,000
1,689,000
1,596,000
2,225,000
2,059,000
10,563,000
10,133,000
7,492,000
5,266,000

5,266,000

7,492,000

10,133,000

10,563,000

2,059,000

2,225,000

1,596,000

1,689,000

2,451,000

1,503,000

1,937,000

1,821,000

1,312,000

1,244,000

1,518,000

1,650,000

1,976,000

1,995,000

2,215,000

1,728,000

2,132,000

1,132,152

1,958,988

549,482

791,636

370,279

336,025

290,933

256,378

240,449

253,800

311,400

363,800

221,300

211,300

395,000

375,400

82,500

Cash And Cash Equivalents

59,700
349,200
356,700
112,700
130,400
221,700
115,000
60,200
54,105
53,365
111,629
139,989
137,273
521,771
189,282
1,421,300
666,700
1,070,000
643,000
1,178,000
1,163,000
943,000
650,000
538,000
429,000
450,000
465,000
462,000
331,000
1,395,000
603,000
395,000
982,000
518,000
9,513,000
8,939,000
4,029,000
2,415,000

2,415,000

4,029,000

8,939,000

9,513,000

518,000

982,000

395,000

603,000

1,395,000

331,000

462,000

465,000

450,000

429,000

538,000

650,000

943,000

1,163,000

1,178,000

643,000

1,070,000

666,700

1,421,300

189,282

521,771

137,273

139,989

111,629

53,365

54,105

60,200

115,000

221,700

130,400

112,700

356,700

349,200

59,700

Short-term Investments

0
0
0
0
0
0
0
0
70,115
50,395
12,486
9,738
5,956
22,800
0
36,784
39,005
1,000
17,000
9,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
200,000
0
0

200,000

9,000

17,000

1,000

39,005

36,784

22,800

5,956

9,738

12,486

50,395

70,115

Net Receivables

6,400
8,300
8,900
35,800
19,400
12,500
21,600
19,300
20,789
33,080
38,109
57,090
60,837
62,887
95,361
90,763
108,327
403,000
409,000
408,000
280,000
436,000
418,000
362,000
248,000
263,000
730,000
786,000
486,000
412,000
298,000
312,000
358,000
444,000
273,000
246,000
395,000
556,000

556,000

395,000

246,000

273,000

444,000

358,000

312,000

298,000

412,000

486,000

786,000

730,000

263,000

248,000

362,000

418,000

436,000

280,000

408,000

409,000

403,000

108,327

90,763

95,361

62,887

60,837

57,090

38,109

33,080

20,789

19,300

21,600

12,500

19,400

35,800

8,900

8,300

6,400

Inventory

8,800
10,600
10,900
26,800
36,100
34,100
31,600
37,200
45,122
48,820
53,281
54,970
75,449
84,019
100,451
91,996
91,310
171,000
240,000
250,000
263,000
331,000
315,000
320,000
320,000
374,000
390,000
374,000
364,000
330,000
322,000
387,000
450,000
427,000
335,000
356,000
428,000
528,000

528,000

428,000

356,000

335,000

427,000

450,000

387,000

322,000

330,000

364,000

374,000

390,000

374,000

320,000

315,000

331,000

263,000

250,000

240,000

171,000

91,310

91,996

100,451

84,019

75,449

54,970

53,281

48,820

45,122

37,200

31,600

34,100

36,100

26,800

10,900

10,600

8,800

Other Current Assets

7,600
7,300
18,500
36,000
35,400
95,500
143,200
137,100
50,318
70,718
75,428
74,238
90,764
100,159
164,388
204,347
78,390
275,000
153,000
370,000
289,000
266,000
267,000
298,000
247,000
225,000
236,000
315,000
322,000
314,000
466,000
502,000
435,000
670,000
442,000
392,000
652,000
1,756,000

1,756,000

652,000

392,000

442,000

670,000

435,000

502,000

466,000

314,000

322,000

315,000

236,000

225,000

247,000

298,000

267,000

266,000

289,000

370,000

153,000

275,000

78,390

204,347

164,388

100,159

90,764

74,238

75,428

70,718

50,318

137,100

143,200

95,500

35,400

36,000

18,500

7,300

7,600

> Long-term Assets

445,600
565,600
654,500
2,008,900
2,462,200
2,286,500
2,334,200
2,965,100
3,429,374
3,849,109
4,810,955
5,090,750
6,809,044
7,494,719
9,281,838
9,604,564
11,202,696
22,359,000
25,908,000
26,217,000
28,557,000
32,205,000
31,750,000
35,317,000
36,246,000
37,325,000
37,340,000
38,167,000
38,029,000
36,786,000
37,247,000
39,182,000
40,175,000
43,000,000
43,031,000
43,211,000
44,211,000
43,854,000

43,854,000

44,211,000

43,211,000

43,031,000

43,000,000

40,175,000

39,182,000

37,247,000

36,786,000

38,029,000

38,167,000

37,340,000

37,325,000

36,246,000

35,317,000

31,750,000

32,205,000

28,557,000

26,217,000

25,908,000

22,359,000

11,202,696

9,604,564

9,281,838

7,494,719

6,809,044

5,090,750

4,810,955

3,849,109

3,429,374

2,965,100

2,334,200

2,286,500

2,462,200

2,008,900

654,500

565,600

445,600

Property Plant Equipment

440,800
474,200
568,700
1,703,200
2,153,400
1,920,100
1,961,400
2,588,000
3,071,431
3,414,823
4,099,038
4,327,413
5,768,114
6,410,527
8,001,318
8,390,230
10,115,404
17,522,000
20,823,000
21,312,000
23,458,000
26,639,000
26,457,000
29,870,000
30,967,000
32,054,000
32,137,000
32,905,000
32,773,000
31,888,000
32,429,000
34,430,000
35,336,000
38,131,000
39,444,000
39,440,000
39,961,000
41,381,000

41,381,000

39,961,000

39,440,000

39,444,000

38,131,000

35,336,000

34,430,000

32,429,000

31,888,000

32,773,000

32,905,000

32,137,000

32,054,000

30,967,000

29,870,000

26,457,000

26,639,000

23,458,000

21,312,000

20,823,000

17,522,000

10,115,404

8,390,230

8,001,318

6,410,527

5,768,114

4,327,413

4,099,038

3,414,823

3,071,431

2,588,000

1,961,400

1,920,100

2,153,400

1,703,200

568,700

474,200

440,800

Goodwill

0
0
0
0
0
0
0
0
233,553
226,571
219,589
212,607
437,464
462,340
701,385
651,814
681,056
3,031,000
3,321,000
3,206,000
3,313,000
3,610,000
3,266,000
3,451,000
3,320,000
3,322,000
3,174,000
3,210,000
3,127,000
3,010,000
2,910,000
2,967,000
2,925,000
2,912,000
807,000
579,000
579,000
579,000

579,000

807,000

2,912,000

2,925,000

2,967,000

2,910,000

3,010,000

3,127,000

3,210,000

3,174,000

3,322,000

3,320,000

3,451,000

3,266,000

3,610,000

3,313,000

3,206,000

3,321,000

3,031,000

681,056

651,814

701,385

462,340

437,464

212,607

219,589

226,571

233,553

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
21,000
0
0
244,000
0
0
0
0
0

244,000

21,000

Intangible Assets

0
0
0
271,600
263,500
254,100
244,800
237,300
0
0
0
0
0
0
701,385
651,814
7
1,324,000
1,306,000
1,282,000
1,321,000
1,393,000
1,294,000
1,346,000
1,320,000
1,330,000
1,314,000
1,292,000
1,270,000
1,238,000
1,275,000
1,200,000
1,176,000
1,174,000
1,186,000
1,181,000
1,156,000
1,169,000

1,169,000

1,156,000

1,181,000

1,186,000

1,174,000

1,176,000

1,200,000

1,275,000

1,238,000

1,270,000

1,292,000

1,314,000

1,330,000

1,320,000

1,346,000

1,294,000

1,393,000

1,321,000

1,282,000

1,306,000

1,324,000

651,814

701,385

237,300

244,800

254,100

263,500

271,600

Long-term Assets Other

4,800
91,400
85,800
34,100
45,300
112,300
128,000
139,800
124,390
207,715
61,998
71,401
56,773
34,930
141,744
562,520
406,236
482,000
458,000
417,000
465,000
563,000
733,000
650,000
639,000
619,000
715,000
760,000
859,000
650,000
633,000
585,000
738,000
783,000
1,594,000
2,011,000
2,515,000
725,000

725,000

2,515,000

2,011,000

1,594,000

783,000

738,000

585,000

633,000

650,000

859,000

760,000

715,000

619,000

639,000

650,000

733,000

563,000

465,000

417,000

458,000

482,000

406,236

562,520

141,744

34,930

56,773

71,401

61,998

207,715

124,390

139,800

128,000

112,300

45,300

34,100

85,800

91,400

4,800

> Total Liabilities

320,300
305,500
297,200
1,327,000
1,647,400
1,479,200
1,260,800
1,591,700
1,740,889
1,760,614
2,071,004
1,821,677
2,761,163
2,355,108
3,960,703
4,972,775
4,916,945
10,698,000
11,876,000
11,460,000
12,342,000
14,218,000
14,302,000
14,800,000
14,459,000
14,805,000
15,232,000
15,548,000
15,244,000
15,466,000
16,339,000
16,562,000
17,958,000
19,693,000
33,038,000
41,199,000
44,639,000
42,238,000

42,238,000

44,639,000

41,199,000

33,038,000

19,693,000

17,958,000

16,562,000

16,339,000

15,466,000

15,244,000

15,548,000

15,232,000

14,805,000

14,459,000

14,800,000

14,302,000

14,218,000

12,342,000

11,460,000

11,876,000

10,698,000

4,916,945

4,972,775

3,960,703

2,355,108

2,761,163

1,821,677

2,071,004

1,760,614

1,740,889

1,591,700

1,260,800

1,479,200

1,647,400

1,327,000

297,200

305,500

320,300

> Total Current Liabilities

135,100
215,300
220,800
504,000
574,300
551,300
474,800
550,000
564,957
594,710
662,742
786,142
1,135,113
1,404,913
1,715,294
1,480,240
1,619,806
3,315,000
5,034,000
5,192,000
5,415,000
7,260,000
5,781,000
4,967,000
5,755,000
6,105,000
7,340,000
6,720,000
6,921,000
6,956,000
7,072,000
8,800,000
9,204,000
9,127,000
8,686,000
10,408,000
10,605,000
11,481,000

11,481,000

10,605,000

10,408,000

8,686,000

9,127,000

9,204,000

8,800,000

7,072,000

6,956,000

6,921,000

6,720,000

7,340,000

6,105,000

5,755,000

4,967,000

5,781,000

7,260,000

5,415,000

5,192,000

5,034,000

3,315,000

1,619,806

1,480,240

1,715,294

1,404,913

1,135,113

786,142

662,742

594,710

564,957

550,000

474,800

551,300

574,300

504,000

220,800

215,300

135,100

Short-term Debt

33,700
13,800
13,700
183,200
218,500
178,100
97,900
91,600
84,644
72,752
66,369
59,620
706,009
882,083
248,219
649,462
148,642
486,000
1,662,000
3,670,000
1,492,000
1,143,000
1,608,000
950,000
1,353,000
1,300,000
1,734,000
1,468,000
1,725,000
1,374,000
1,097,000
2,202,000
2,426,000
1,827,000
4,977,000
4,859,000
2,739,000
2,238,000

2,238,000

2,739,000

4,859,000

4,977,000

1,827,000

2,426,000

2,202,000

1,097,000

1,374,000

1,725,000

1,468,000

1,734,000

1,300,000

1,353,000

950,000

1,608,000

1,143,000

1,492,000

3,670,000

1,662,000

486,000

148,642

649,462

248,219

882,083

706,009

59,620

66,369

72,752

84,644

91,600

97,900

178,100

218,500

183,200

13,700

13,800

33,700

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,072,000
1,355,000
1,097,000
2,202,000
2,426,000
1,827,000
4,826,000
4,717,000
2,593,000
2,089,000

2,089,000

2,593,000

4,717,000

4,826,000

1,827,000

2,426,000

2,202,000

1,097,000

1,355,000

1,072,000

Accounts payable

0
0
0
0
0
76,900
71,500
81,400
86,750
90,237
84,748
106,783
168,546
195,879
332,694
269,467
268,687
645,000
631,000
690,000
438,000
561,000
512,000
568,000
503,000
576,000
549,000
639,000
626,000
627,000
713,000
762,000
730,000
756,000
624,000
797,000
1,050,000
1,168,000

1,168,000

1,050,000

797,000

624,000

756,000

730,000

762,000

713,000

627,000

626,000

639,000

549,000

576,000

503,000

568,000

512,000

561,000

438,000

690,000

631,000

645,000

268,687

269,467

332,694

195,879

168,546

106,783

84,748

90,237

86,750

81,400

71,500

76,900

Other Current Liabilities

101,400
201,500
207,100
320,800
355,800
296,300
305,400
377,000
257,505
292,606
352,698
420,908
260,558
326,951
770,425
201,731
850,474
1,643,000
2,020,000
832,000
2,336,000
4,203,000
2,519,000
2,575,000
1,094,000
1,123,000
1,981,000
1,582,000
1,538,000
1,683,000
1,740,000
1,878,000
1,653,000
1,809,000
1,145,000
1,640,000
1,942,000
2,003,000

2,003,000

1,942,000

1,640,000

1,145,000

1,809,000

1,653,000

1,878,000

1,740,000

1,683,000

1,538,000

1,582,000

1,981,000

1,123,000

1,094,000

2,575,000

2,519,000

4,203,000

2,336,000

832,000

2,020,000

1,643,000

850,474

201,731

770,425

326,951

260,558

420,908

352,698

292,606

257,505

377,000

305,400

296,300

355,800

320,800

207,100

201,500

101,400

> Long-term Liabilities

185,200
90,200
76,400
823,000
1,073,100
927,900
786,000
1,041,700
1,175,932
1,165,904
1,408,262
1,035,535
1,626,050
950,195
2,245,409
3,492,535
3,297,139
7,383,000
6,842,000
6,268,000
6,927,000
6,958,000
8,521,000
9,833,000
8,704,000
8,700,000
7,892,000
8,828,000
8,323,000
8,510,000
9,267,000
7,762,000
8,754,000
10,566,000
24,352,000
30,791,000
34,034,000
30,757,000

30,757,000

34,034,000

30,791,000

24,352,000

10,566,000

8,754,000

7,762,000

9,267,000

8,510,000

8,323,000

8,828,000

7,892,000

8,700,000

8,704,000

9,833,000

8,521,000

6,958,000

6,927,000

6,268,000

6,842,000

7,383,000

3,297,139

3,492,535

2,245,409

950,195

1,626,050

1,035,535

1,408,262

1,165,904

1,175,932

1,041,700

786,000

927,900

1,073,100

823,000

76,400

90,200

185,200

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
8,011,000
0
7,168,000
8,092,000
0
7,413,000
8,302,000
6,993,000
7,897,000
9,675,000
22,130,000
28,509,000
31,953,000
0

31,953,000

28,509,000

22,130,000

9,675,000

7,897,000

6,993,000

8,302,000

7,413,000

8,092,000

7,168,000

8,011,000

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
146,332
537,681
285,170
465,000
551,000
541,000
572,000
645,000
786,000
736,000
693,000
647,000
724,000
736,000
960,000
1,070,000
887,000
752,000
845,000
882,000
949,000
1,042,000
891,000
1,104,000

1,104,000

891,000

1,042,000

949,000

882,000

845,000

752,000

887,000

1,070,000

960,000

736,000

724,000

647,000

693,000

736,000

786,000

645,000

572,000

541,000

551,000

465,000

285,170

537,681

146,332

> Total Stockholder Equity

207,800
635,500
752,300
893,200
1,036,100
1,171,100
1,384,800
1,627,200
1,928,934
2,344,873
3,030,884
3,605,098
4,285,476
5,931,247
5,870,617
6,590,777
7,417,903
13,793,000
15,760,000
16,972,000
18,210,000
19,963,000
19,098,000
22,035,000
23,031,000
23,832,000
23,929,000
24,556,000
24,288,000
23,771,000
22,597,000
24,216,000
24,443,000
25,365,000
20,555,000
12,145,000
7,064,000
6,882,000

6,882,000

7,064,000

12,145,000

20,555,000

25,365,000

24,443,000

24,216,000

22,597,000

23,771,000

24,288,000

24,556,000

23,929,000

23,832,000

23,031,000

22,035,000

19,098,000

19,963,000

18,210,000

16,972,000

15,760,000

13,793,000

7,417,903

6,590,777

5,870,617

5,931,247

4,285,476

3,605,098

3,030,884

2,344,873

1,928,934

1,627,200

1,384,800

1,171,100

1,036,100

893,200

752,300

635,500

207,800

Common Stock

0
0
0
0
0
0
0
0
2,826
2,848
2,947
2,972
5,955
6,170
6,176
6,200
5,868
355,000
359,000
359,000
360,000
360,000
360,000
360,000
361,000
363,000
363,000
365,000
365,000
365,000
365,000
365,000
365,000
365,000
372,000
372,000
373,000
373,000

373,000

372,000

365,000

363,000

361,000

360,000

359,000

355,000

5,868

6,200

6,176

6,170

5,955

2,972

2,947

2,848

2,826

Retained Earnings

191,800
236,800
353,700
493,500
635,000
652,500
850,200
1,089,300
1,390,589
1,752,140
2,207,781
2,731,213
3,379,628
4,176,498
4,884,023
5,556,296
6,325,850
7,191,000
8,623,000
10,233,000
11,600,000
12,921,000
13,980,000
15,770,000
17,224,000
18,349,000
18,479,000
18,782,000
19,242,000
20,060,000
21,843,000
23,292,000
25,066,000
26,653,000
16,075,000
6,448,000
269,000
185,000

185,000

269,000

6,448,000

16,075,000

26,653,000

25,066,000

23,292,000

21,843,000

20,060,000

19,242,000

18,782,000

18,479,000

18,349,000

17,224,000

15,770,000

13,980,000

12,921,000

11,600,000

10,233,000

8,623,000

7,191,000

6,325,850

5,556,296

4,884,023

4,176,498

3,379,628

2,731,213

2,207,781

1,752,140

1,390,589

1,089,300

850,200

652,500

635,000

493,500

353,700

236,800

191,800

Accumulated Other Comprehensive Income

-60,600
-84,500
-108,700
-163,100
-241,000
-289,100
-357,400
-435,400
-530,700
-649,700
-708,800
-854,400
-1,025,300
1,116
-75,059
-36,932
8,241
160,000
541,000
156,000
661,000
1,296,000
-623,000
462,000
-254,000
-209,000
-207,000
161,000
-616,000
-1,741,000
-2,454,000
-1,782,000
-1,949,000
-2,066,000
-1,436,000
-1,501,000
-1,982,000
-1,939,000

-1,939,000

-1,982,000

-1,501,000

-1,436,000

-2,066,000

-1,949,000

-1,782,000

-2,454,000

-1,741,000

-616,000

161,000

-207,000

-209,000

-254,000

462,000

-623,000

1,296,000

661,000

156,000

541,000

160,000

8,241

-36,932

-75,059

1,116

-1,025,300

-854,400

-708,800

-649,700

-530,700

-435,400

-357,400

-289,100

-241,000

-163,100

-108,700

-84,500

-60,600

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
8,094,000
0
8,252,000
8,325,000
0
8,562,000
8,632,000
8,690,000
8,756,000
8,807,000
13,948,000
15,292,000
16,872,000
0

16,872,000

15,292,000

13,948,000

8,807,000

8,756,000

8,690,000

8,632,000

8,562,000

8,325,000

8,252,000

8,094,000

Treasury Stock

-8,466,000

-8,404,000

-8,394,000

-7,795,000

-6,349,000

-5,789,000

-3,475,000

-3,087,000

-3,077,000

-2,958,000

-2,851,000

-2,394,000

-2,264,000

-2,296,000

-2,213,000

-1,890,000

-1,144,000

-1,058,000

-727,637

-705,137

Other Stockholders Equity

76,600
483,200
507,300
562,800
642,100
807,700
892,000
973,300
1,066,219
1,239,585
1,528,956
1,725,313
2,057,877
3,018,479
2,464,763
2,736,726
1,077,944
6,087,000
6,237,000
6,224,000
5,589,000
5,386,000
5,381,000
5,443,000
5,700,000
5,329,000
5,294,000
5,248,000
5,297,000
5,087,000
2,843,000
2,341,000
961,000
413,000
5,544,000
6,826,000
8,404,000
8,263,000

8,263,000

8,404,000

6,826,000

5,544,000

413,000

961,000

2,341,000

2,843,000

5,087,000

5,297,000

5,248,000

5,294,000

5,329,000

5,700,000

5,443,000

5,381,000

5,386,000

5,589,000

6,224,000

6,237,000

6,087,000

1,077,944

2,736,726

2,464,763

3,018,479

2,057,877

1,725,313

1,528,956

1,239,585

1,066,219

973,300

892,000

807,700

642,100

562,800

507,300

483,200

76,600

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-11-30	2022-11-30	2021-11-30	2020-11-30	2019-11-30	2018-11-30	2017-11-30	2016-11-30	2015-11-30	2014-11-30	2013-11-30	2012-11-30	2011-11-30	2010-11-30	2009-11-30	2008-11-30	2007-11-30	2006-11-30	2005-11-30	2004-11-30	2003-11-30	2002-11-30	2001-11-30	2000-11-30	1999-11-30	1998-11-30	1997-11-30	1996-11-30	1995-11-30	1994-11-30	1993-11-30	1992-11-30	1991-11-30	1990-11-30	1989-11-30	1988-11-30	1987-11-30	1986-11-30
Accounts Payable	1,168,000	1,050,000	797,000	624,000	756,000	730,000	762,000	713,000	627,000	626,000	639,000	549,000	576,000	503,000	568,000	512,000	561,000	438,000	690,000	631,000	645,000	268,687	269,467	332,694	195,879	168,546	106,783	84,748	90,237	86,750	81,400	71,500	76,900	-	-	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Accumulated Other Comprehensive Income	-1,939,000	-1,982,000	-1,501,000	-1,436,000	-2,066,000	-1,949,000	-1,782,000	-2,454,000	-1,741,000	-616,000	161,000	-207,000	-209,000	-254,000	462,000	-623,000	1,296,000	661,000	156,000	541,000	160,000	8,241	-36,932	-75,059	1,116	-1,025,300	-854,400	-708,800	-649,700	-530,700	-435,400	-357,400	-289,100	-241,000	-163,100	-108,700	-84,500	-60,600
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Capital Lease Obligations	1,319,000	1,335,000	1,381,000	1,424,000	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	-	-	-	-	-
Capital Stock	373,000	373,000	372,000	372,000	365,000	365,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Capital Surpluse	0	16,872,000	15,292,000	13,948,000	8,807,000	8,756,000	8,690,000	8,632,000	8,562,000	0	8,325,000	8,252,000	0	8,094,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Cash	2,415,000	4,029,000	8,939,000	9,513,000	518,000	982,000	395,000	603,000	1,395,000	331,000	462,000	465,000	450,000	429,000	538,000	650,000	943,000	1,163,000	1,178,000	643,000	1,070,000	666,700	1,421,300	189,282	521,771	137,273	139,989	111,629	53,365	54,105	60,200	115,000	221,700	130,400	112,700	356,700	349,200	59,700
Cash And Equivalents	0	4,029,000	8,939,000	9,513,000	518,000	982,000	395,000	603,000	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	-	-	-	-	-
Cash And Short Term Investments	2,415,000	4,029,000	9,139,000	9,513,000	518,000	982,000	395,000	603,000	1,395,000	331,000	462,000	465,000	450,000	429,000	538,000	650,000	943,000	1,163,000	1,187,000	660,000	1,071,000	705,705	1,458,084	189,282	544,571	143,229	149,727	124,115	103,760	124,220	60,200	115,000	221,700	130,400	112,700	356,700	349,200	59,700
Common Stock	373,000	373,000	372,000	372,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	363,000	363,000	361,000	360,000	360,000	360,000	360,000	359,000	359,000	355,000	5,868	6,200	6,176	6,170	5,955	2,972	2,947	2,848	2,826	0	0	0	-	-	-	-	-
Common Stock Shares Outstanding	1,262,000	1,180,000	1,123,000	775,000	692,000	710,000	725,000	747,000	779,000	778,000	777,000	779,000	789,000	805,000	804,000	816,000	828,000	822,744	834,444	827,679	732,716	604,762	589,809	603,125	618,675	597,061	1,201,647	1,143,038	1,128,923	565,064	564,668	564,276	562,376	545,028	544,988	538,444	538,892	434,296
Common Stock Total Equity	0	373,000	372,000	372,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	363,000	363,000	361,000	360,000	360,000	360,000	360,000	359,000	359,000	355,000	5,868	6,200	6,176	6,170	5,955	2,972	2,947	2,848	2,826	0	0	0	-	-	-	-	-
Current Deferred Revenue	6,072,000	4,874,000	3,112,000	1,940,000	4,735,000	4,395,000	3,958,000	3,522,000	3,272,000	3,032,000	3,031,000	3,076,000	3,106,000	2,805,000	874,000	1,142,000	1,353,000	1,149,000	2,251,000	721,000	541,000	352,003	359,580	363,956	0	0	198,831	158,927	139,115	136,058	0	0	0	-	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-
Good Will	579,000	579,000	579,000	807,000	2,912,000	2,925,000	2,967,000	2,910,000	3,010,000	3,127,000	3,210,000	3,174,000	3,322,000	3,320,000	3,451,000	3,266,000	3,610,000	3,313,000	3,206,000	3,321,000	3,031,000	681,056	651,814	701,385	462,340	437,464	212,607	219,589	226,571	233,553	0	0	0	-	-	-	-	-
Intangible Assets	1,169,000	1,156,000	1,181,000	1,186,000	1,174,000	1,176,000	1,200,000	1,275,000	1,238,000	1,270,000	1,292,000	1,314,000	1,330,000	1,320,000	1,346,000	1,294,000	1,393,000	1,321,000	1,282,000	1,306,000	1,324,000	7	651,814	701,385	0	0	0	0	0	0	237,300	244,800	254,100	263,500	271,600	-	-	-
Inventory	528,000	428,000	356,000	335,000	427,000	450,000	387,000	322,000	330,000	364,000	374,000	390,000	374,000	320,000	320,000	315,000	331,000	263,000	250,000	240,000	171,000	91,310	91,996	100,451	84,019	75,449	54,970	53,281	48,820	45,122	37,200	31,600	34,100	36,100	26,800	10,900	10,600	8,800
Liabilities And Stockholders Equity	49,120,000	51,703,000	53,344,000	53,593,000	45,058,000	42,401,000	40,778,000	38,936,000	39,237,000	39,532,000	40,104,000	39,161,000	38,637,000	37,490,000	36,835,000	33,400,000	34,181,000	30,552,000	28,432,000	27,636,000	24,491,000	12,334,848	11,563,552	9,831,320	8,286,355	7,179,323	5,426,775	5,101,888	4,105,487	3,669,823	3,218,900	2,645,600	2,650,300	2,683,500	2,220,200	1,049,500	941,000	528,100
Long Term Debt	28,483,000	31,953,000	28,509,000	22,130,000	9,675,000	7,897,000	6,993,000	8,302,000	7,413,000	7,363,000	8,092,000	7,168,000	8,053,000	8,011,000	9,097,000	7,735,000	6,313,000	6,355,000	5,727,000	6,291,000	6,918,000	3,011,969	2,954,854	2,099,077	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Long Term Debt Total	0	31,953,000	28,509,000	22,130,000	9,675,000	7,897,000	6,993,000	8,302,000	7,413,000	0	8,092,000	7,168,000	0	8,011,000	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	244,000	0	0	21,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Debt	29,476,000	31,852,000	25,668,000	18,867,000	10,984,000	9,341,000	8,800,000	8,851,000	7,392,000	8,757,000	9,098,000	8,437,000	8,903,000	8,935,000	9,509,000	8,693,000	6,513,000	6,684,000	8,219,000	7,310,000	6,334,000	2,493,911	2,183,016	2,158,014	1,227,827	2,131,750	934,925	1,271,372	1,169,418	1,192,443	1,062,600	759,500	878,100	1,157,100	890,300	-266,600	-245,200	159,200
Net Invested Capital	37,454,000	41,610,000	45,371,000	47,511,000	36,867,000	34,766,000	33,411,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Receivables	556,000	395,000	246,000	273,000	444,000	358,000	312,000	298,000	412,000	486,000	786,000	730,000	263,000	248,000	362,000	418,000	436,000	280,000	408,000	409,000	403,000	108,327	90,763	95,361	62,887	60,837	57,090	38,109	33,080	20,789	19,300	21,600	12,500	19,400	35,800	8,900	8,300	6,400
Net Tangible Assets	5,134,000	6,519,000	11,624,000	19,835,000	21,279,000	20,343,000	20,049,000	18,412,000	19,523,000	19,807,000	20,054,000	19,441,000	0	18,391,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Working Capital	-6,215,000	-3,113,000	-275,000	1,877,000	-7,068,000	-6,979,000	-7,204,000	-5,383,000	-4,505,000	-5,418,000	-4,783,000	-5,519,000	-4,793,000	-4,511,000	-3,449,000	-4,131,000	-5,284,000	-3,420,000	-2,977,000	-3,306,000	-1,183,000	-487,654	478,748	-1,165,812	-613,277	-764,834	-450,117	-371,809	-338,332	-324,508	-296,200	-163,400	-187,500	-	-	-	-	-
Non Current Assets Total	43,854,000	44,211,000	43,211,000	43,031,000	43,000,000	40,175,000	39,182,000	37,247,000	36,786,000	38,029,000	38,167,000	37,340,000	37,325,000	36,246,000	35,317,000	31,750,000	32,205,000	28,557,000	26,217,000	25,908,000	22,359,000	11,202,696	9,604,564	9,281,838	7,494,719	6,809,044	5,090,750	4,810,955	3,849,109	3,429,374	2,965,100	2,334,200	2,286,500	2,462,200	2,008,900	654,500	565,600	445,600
Non Current Liabilities Other	1,104,000	891,000	1,043,000	949,000	891,000	856,000	769,000	910,000	1,097,000	0	736,000	724,000	0	693,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Non Current Liabilities Total	30,757,000	34,034,000	30,791,000	24,352,000	10,566,000	8,754,000	7,762,000	9,267,000	8,510,000	8,323,000	8,828,000	7,892,000	8,700,000	8,704,000	9,833,000	8,521,000	6,958,000	6,927,000	6,268,000	6,842,000	7,383,000	3,297,139	3,492,535	2,245,409	950,195	1,626,050	1,035,535	1,408,262	1,165,904	1,175,932	1,041,700	786,000	927,900	1,073,100	823,000	76,400	90,200	185,200
Non Currrent Assets Other	725,000	2,515,000	2,011,000	1,594,000	783,000	738,000	585,000	633,000	650,000	859,000	760,000	715,000	619,000	639,000	650,000	733,000	563,000	465,000	417,000	458,000	482,000	406,236	562,520	141,744	34,930	56,773	71,401	61,998	207,715	124,390	139,800	128,000	112,300	45,300	34,100	85,800	91,400	4,800
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Assets	725,000	2,515,000	1,769,000	-1,000	-1,000	1,000	585,000	578,000	650,000	790,000	689,000	645,000	619,000	639,000	650,000	733,000	563,000	465,000	417,000	218,000	257,000	233,236	562,520	141,744	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Current Assets	1,756,000	652,000	392,000	442,000	670,000	435,000	502,000	466,000	314,000	322,000	315,000	236,000	225,000	247,000	298,000	267,000	266,000	289,000	370,000	153,000	275,000	78,390	204,347	164,388	100,159	90,764	74,238	75,428	70,718	50,318	137,100	143,200	95,500	35,400	36,000	18,500	7,300	7,600
Other Current Liab	2,003,000	1,942,000	1,640,000	1,145,000	1,809,000	1,653,000	1,878,000	1,740,000	1,683,000	1,538,000	1,582,000	1,981,000	1,123,000	1,094,000	2,575,000	2,519,000	4,203,000	2,336,000	832,000	2,020,000	1,643,000	850,474	201,731	770,425	326,951	260,558	420,908	352,698	292,606	257,505	377,000	305,400	296,300	355,800	320,800	207,100	201,500	101,400
Other Liab	1,104,000	891,000	1,042,000	949,000	882,000	845,000	752,000	887,000	1,070,000	960,000	736,000	724,000	647,000	693,000	736,000	786,000	645,000	572,000	541,000	551,000	465,000	285,170	537,681	146,332	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Stockholder Equity	8,263,000	8,404,000	6,826,000	5,544,000	413,000	961,000	2,341,000	2,843,000	5,087,000	5,297,000	5,248,000	5,294,000	5,329,000	5,700,000	5,443,000	5,381,000	5,386,000	5,589,000	6,224,000	6,237,000	6,087,000	1,077,944	2,736,726	2,464,763	3,018,479	2,057,877	1,725,313	1,528,956	1,239,585	1,066,219	973,300	892,000	807,700	642,100	562,800	507,300	483,200	76,600
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Property Plant And Equipment Gross	41,381,000	39,961,000	57,298,000	39,444,000	38,131,000	35,336,000	34,430,000	32,429,000	31,888,000	32,773,000	32,905,000	32,137,000	32,054,000	30,967,000	29,870,000	26,457,000	26,639,000	23,458,000	21,312,000	20,823,000	17,522,000	10,115,404	8,390,230	8,001,318	6,410,527	5,768,114	4,327,413	4,099,038	3,414,823	3,071,431	2,588,000	1,961,400	1,920,100	2,153,400	1,703,200	568,700	474,200	440,800
Property Plant And Equipment Net	41,381,000	39,961,000	39,440,000	39,444,000	38,131,000	35,336,000	34,430,000	32,429,000	31,888,000	32,773,000	32,905,000	32,137,000	32,054,000	30,967,000	29,870,000	26,457,000	26,639,000	23,458,000	21,312,000	20,823,000	17,522,000	10,115,404	8,390,230	8,001,318	6,410,527	5,768,114	4,327,413	4,099,038	3,414,823	3,071,431	2,588,000	1,961,400	1,920,100	2,153,400	1,703,200	568,700	474,200	440,800
Property Plant Equipment	41,381,000	38,687,000	38,107,000	38,073,000	38,131,000	35,336,000	34,430,000	32,429,000	31,888,000	32,773,000	32,905,000	32,137,000	32,054,000	30,967,000	29,870,000	26,457,000	26,639,000	23,458,000	21,312,000	20,823,000	17,522,000	10,115,404	8,390,230	8,001,318	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Retained Earnings	185,000	269,000	6,448,000	16,075,000	26,653,000	25,066,000	23,292,000	21,843,000	20,060,000	19,242,000	18,782,000	18,479,000	18,349,000	17,224,000	15,770,000	13,980,000	12,921,000	11,600,000	10,233,000	8,623,000	7,191,000	6,325,850	5,556,296	4,884,023	4,176,498	3,379,628	2,731,213	2,207,781	1,752,140	1,390,589	1,089,300	850,200	652,500	635,000	493,500	353,700	236,800	191,800
Retained Earnings Total Equity	0	269,000	6,448,000	16,075,000	0	25,066,000	23,292,000	0	20,060,000	0	18,782,000	18,479,000	0	17,224,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Short Long Term Debt	2,089,000	2,593,000	4,717,000	4,826,000	1,827,000	2,426,000	2,202,000	1,097,000	1,355,000	1,072,000	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	31,891,000	35,881,000	34,607,000	28,380,000	11,502,000	10,323,000	9,195,000	9,454,000	8,787,000	9,088,000	9,560,000	8,902,000	9,353,000	9,364,000	10,047,000	9,343,000	7,456,000	7,847,000	9,397,000	7,953,000	7,404,000	3,160,611	3,604,316	2,347,296	1,749,598	2,269,023	1,074,914	1,383,001	1,222,783	1,246,548	1,122,800	874,500	1,099,800	1,287,500	1,003,000	90,100	104,000	218,900
Short Term Debt	2,238,000	2,739,000	4,859,000	4,977,000	1,827,000	2,426,000	2,202,000	1,097,000	1,374,000	1,725,000	1,468,000	1,734,000	1,300,000	1,353,000	950,000	1,608,000	1,143,000	1,492,000	3,670,000	1,662,000	486,000	148,642	649,462	248,219	882,083	706,009	59,620	66,369	72,752	84,644	91,600	97,900	178,100	218,500	183,200	13,700	13,800	33,700
Short Term Investments	0	0	200,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,000	17,000	1,000	39,005	36,784	0	22,800	5,956	9,738	12,486	50,395	70,115	0	0	0	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Total Assets	49,120,000	51,703,000	53,344,000	53,593,000	45,058,000	42,401,000	40,778,000	38,936,000	39,237,000	39,532,000	40,104,000	39,161,000	38,637,000	37,490,000	36,835,000	33,400,000	34,181,000	30,552,000	28,432,000	27,636,000	24,491,000	12,334,848	11,563,552	9,831,320	8,286,355	7,179,323	5,426,775	5,101,888	4,105,487	3,669,823	3,218,900	2,645,600	2,650,300	2,683,500	2,220,200	1,049,500	941,000	528,100
Total Current Assets	5,266,000	7,492,000	10,133,000	10,563,000	2,059,000	2,225,000	1,596,000	1,689,000	2,451,000	1,503,000	1,937,000	1,821,000	1,312,000	1,244,000	1,518,000	1,650,000	1,976,000	1,995,000	2,215,000	1,728,000	2,132,000	1,132,152	1,958,988	549,482	791,636	370,279	336,025	290,933	256,378	240,449	253,800	311,400	363,800	221,300	211,300	395,000	375,400	82,500
Total Current Liabilities	11,481,000	10,605,000	10,408,000	8,686,000	9,127,000	9,204,000	8,800,000	7,072,000	6,956,000	6,921,000	6,720,000	7,340,000	6,105,000	5,755,000	4,967,000	5,781,000	7,260,000	5,415,000	5,192,000	5,034,000	3,315,000	1,619,806	1,480,240	1,715,294	1,404,913	1,135,113	786,142	662,742	594,710	564,957	550,000	474,800	551,300	574,300	504,000	220,800	215,300	135,100
Total Liab	42,238,000	44,639,000	41,199,000	33,038,000	19,693,000	17,958,000	16,562,000	16,339,000	15,466,000	15,244,000	15,548,000	15,232,000	14,805,000	14,459,000	14,800,000	14,302,000	14,218,000	12,342,000	11,460,000	11,876,000	10,698,000	4,916,945	4,972,775	3,960,703	2,355,108	2,761,163	1,821,677	2,071,004	1,760,614	1,740,889	1,591,700	1,260,800	1,479,200	1,647,400	1,327,000	297,200	305,500	320,300
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Total Stockholder Equity	6,882,000	7,064,000	12,145,000	20,555,000	25,365,000	24,443,000	24,216,000	22,597,000	23,771,000	24,288,000	24,556,000	23,929,000	23,832,000	23,031,000	22,035,000	19,098,000	19,963,000	18,210,000	16,972,000	15,760,000	13,793,000	7,417,903	6,590,777	5,870,617	5,931,247	4,285,476	3,605,098	3,030,884	2,344,873	1,928,934	1,627,200	1,384,800	1,171,100	1,036,100	893,200	752,300	635,500	207,800
Treasury Stock	0	0	-8,466,000	-8,404,000	-8,394,000	-7,795,000	-6,349,000	-5,789,000	-3,475,000	-3,087,000	-3,077,000	-2,958,000	-2,851,000	-2,394,000	-2,264,000	-2,296,000	-2,213,000	-1,890,000	-1,144,000	-1,058,000	-1,058,000	0	-727,637	-705,137	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	-	-	-	-	-

	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-08-31	2013-05-31	2013-02-28	2012-11-30	2012-08-31	2012-05-31	2012-02-29	2011-11-30	2011-08-31	2011-05-31	2011-02-28	2010-11-30	2010-08-31	2010-05-31	2010-02-28	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-11-30	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-11-30	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-02-28	2004-11-30	2004-08-31	2004-05-31	2004-02-29	2003-11-30	2003-08-31	2003-05-31	2003-02-28	2002-11-30	2002-08-31	2002-05-31	2002-02-28	2001-11-30	2001-08-31	2001-05-31	2001-02-28	2000-11-30	2000-08-31	2000-05-31	2000-02-29	1999-11-30	1999-08-31	1999-05-31	1999-02-28	1998-11-30	1998-08-31	1998-05-31	1998-02-28	1997-11-30	1997-08-31	1997-05-31	1997-02-28	1996-11-30	1996-08-31	1996-05-31	1996-02-29	1995-11-30	1995-08-31	1995-05-31	1995-02-28	1994-11-30	1994-08-31	1994-05-31	1994-02-28	1993-11-30	1993-08-31	1993-05-31	1993-02-28	1992-11-30	1992-08-31	1992-05-31	1992-02-29	1991-11-30	1991-08-31	1991-05-31	1991-02-28	1990-11-30	1990-08-31	1990-05-31	1990-02-28	1989-11-30	1989-08-31	1989-05-31	1989-02-28	1988-11-30	1988-08-31	1988-05-31	1988-02-29	1987-11-30	1987-08-31	1987-05-31	1987-02-28	1986-11-30	1986-08-31	1986-05-31	1986-02-28
Accounts Payable	1,103,000	1,168,000	1,103,000	1,042,000	1,022,000	1,050,000	920,000	912,000	772,000	797,000	672,000	499,000	505,000	624,000	691,000	1,809,000	904,000	756,000	695,000	792,000	798,000	730,000	666,000	745,000	795,000	762,000	639,000	690,000	669,000	713,000	704,000	667,000	619,000	627,000	578,000	637,000	594,000	626,000	610,000	627,000	554,000	639,000	601,000	627,000	570,000	549,000	561,000	532,000	517,000	576,000	548,000	552,000	516,000	503,000	541,000	548,000	528,000	568,000	612,000	543,000	496,000	512,000	505,000	454,000	477,000	561,000	468,000	498,000	408,000	438,000	498,000	411,000	656,000	690,000	682,000	3,232,000	2,550,000	631,000	728,000	711,000	689,000	645,000	639,088	615,782	304,938	268,687	317,313	276,948	271,284	269,467	299,534	314,866	302,802	332,694	228,623	194,623	197,521	195,879	189,600	180,100	156,600	168,546	161,000	187,900	99,500	106,783	112,000	108,100	110,000	84,748	136,300	105,700	90,000	90,237	105,500	88,000	85,200	86,750	100,000	97,200	89,300	81,400	85,400	87,200	78,700	71,500	-	-	-	76,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-1,938,000	-1,939,000	-1,896,000	-1,903,000	-1,972,000	-1,982,000	-2,024,000	-1,742,000	-1,486,000	-1,501,000	-1,349,000	-1,126,000	-1,233,000	-1,436,000	-1,439,000	-1,962,000	-2,028,000	-2,066,000	-2,183,000	-2,076,000	-1,869,000	-1,949,000	-1,840,000	-1,855,000	-1,486,000	-1,782,000	-1,845,000	-2,154,000	-2,440,000	-2,454,000	-2,012,000	-1,648,000	-1,943,000	-1,741,000	-1,378,000	-1,479,000	-1,339,000	-616,000	-28,000	243,000	273,000	161,000	-251,000	-473,000	-399,000	-207,000	-434,000	-521,000	-67,000	-209,000	585,000	542,000	141,000	-254,000	-545,000	-1,029,000	-273,000	462,000	199,000	107,000	-847,000	-623,000	666,000	1,306,000	1,219,000	1,296,000	885,000	772,000	673,000	661,000	522,000	473,000	170,000	156,000	270,000	358,000	549,000	541,000	292,000	327,000	356,000	160,000	102,447	165,878	59,568	8,241	13,383	-1,336	-38,076	-36,932	-25,139	-88,935	-72,785	-75,059	-49,805	-35,807	-18,355	1,116	-1,217,400	-1,157,900	-1,105,100	-1,025,300	-1,012,200	-960,100	-888,300	-854,400	-820,900	-774,000	-744,300	-708,800	-745,900	-713,300	-681,700	-649,700	-618,100	-587,200	-560,200	-530,700	-435,400	-435,400	-435,400	-435,400	-400,300	-400,300	-378,000	-357,400	-	-	-	-289,100	-	-	-	-241,000	-	-	-	-163,100	-	-	-	-108,700	-	-	-	-84,500	-	-	-	-60,600	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Lease Obligations	1,276,000	1,319,000	1,333,000	1,369,000	1,304,000	1,335,000	1,215,000	1,260,000	1,329,000	1,381,000	1,411,000	1,459,000	1,398,000	1,424,000	1,431,000	1,445,000	1,480,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	374,000	373,000	373,000	373,000	373,000	373,000	373,000	372,000	372,000	372,000	372,000	372,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	0	0	16,699,000	16,684,000	16,635,000	16,872,000	16,626,000	15,457,000	15,360,000	15,292,000	15,146,000	15,005,000	14,977,000	13,948,000	10,680,000	9,683,000	8,829,000	8,807,000	8,798,000	8,785,000	8,776,000	8,756,000	8,741,000	8,721,000	8,708,000	8,690,000	8,690,000	8,673,000	8,660,000	0	8,618,000	8,605,000	8,592,000	8,562,000	0	8,412,000	8,398,000	0	0	8,345,000	8,333,000	8,325,000	8,312,000	8,284,000	8,277,000	8,252,000	0	0	0	0	8,167,000	8,155,000	8,148,000	8,094,000	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	2,274,000	2,415,000	2,842,000	4,468,000	5,455,000	4,029,000	7,071,000	7,054,000	6,928,000	8,939,000	7,151,000	7,067,000	9,674,000	9,513,000	8,176,000	6,881,000	1,354,000	518,000	1,153,000	1,202,000	649,000	982,000	526,000	1,053,000	453,000	395,000	489,000	597,000	437,000	603,000	462,000	519,000	778,000	1,395,000	539,000	298,000	280,000	331,000	436,000	343,000	421,000	462,000	981,000	711,000	476,000	465,000	568,000	900,000	471,000	450,000	430,000	557,000	465,000	429,000	527,000	594,000	753,000	538,000	976,000	485,000	607,000	650,000	792,000	988,000	966,000	943,000	1,412,000	1,859,000	581,000	1,163,000	594,000	570,000	395,000	1,178,000	1,139,000	721,000	321,000	643,000	594,000	443,000	563,000	1,070,000	988,008	1,381,033	732,919	666,700	1,300,442	1,297,102	1,161,646	1,421,300	1,155,236	666,590	133,111	189,282	141,141	295,567	552,764	521,771	484,200	382,600	574,300	137,273	125,100	120,600	114,100	139,989	215,400	93,600	88,900	111,629	85,800	89,200	291,700	53,365	88,100	141,500	49,700	54,105	95,400	93,600	40,400	60,200	47,800	25,800	64,600	115,000	-	-	-	221,700	-	-	-	130,400	-	-	-	112,700	-	-	-	356,700	-	-	-	349,200	-	-	-	59,700	-	-	-
Cash And Equivalents	0	0	2,842,000	4,468,000	5,455,000	4,029,000	7,071,000	7,053,000	6,414,000	8,939,000	7,151,000	7,067,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	2,274,000	2,415,000	2,842,000	4,468,000	5,455,000	4,029,000	7,071,000	7,205,000	6,928,000	9,139,000	7,798,000	9,271,000	11,514,000	9,513,000	8,176,000	6,881,000	1,354,000	518,000	1,153,000	1,202,000	649,000	982,000	526,000	1,053,000	453,000	395,000	489,000	597,000	437,000	603,000	462,000	519,000	778,000	1,395,000	539,000	298,000	280,000	331,000	436,000	343,000	421,000	462,000	981,000	711,000	476,000	465,000	568,000	900,000	471,000	450,000	430,000	557,000	465,000	429,000	527,000	594,000	753,000	538,000	976,000	485,000	607,000	650,000	801,000	996,000	978,000	943,000	1,753,000	2,073,000	685,000	1,163,000	594,000	583,000	406,000	1,187,000	1,373,000	1,024,000	321,000	660,000	594,000	443,000	563,000	1,071,000	1,048,982	1,449,032	770,494	705,705	1,347,411	1,500,482	1,200,896	1,458,084	1,155,236	666,590	133,111	189,282	145,596	300,151	558,317	544,571	940,000	997,400	791,300	143,229	146,500	130,000	123,800	149,727	225,700	106,000	101,300	124,115	104,700	115,300	318,300	103,760	148,300	205,800	113,600	124,220	95,400	93,600	40,400	60,200	47,800	25,800	64,600	115,000	-	-	-	221,700	-	-	-	130,400	-	-	-	112,700	-	-	-	356,700	-	-	-	349,200	-	-	-	59,700	-	-	-
Common Stock	374,000	373,000	373,000	373,000	373,000	373,000	373,000	372,000	372,000	372,000	372,000	372,000	372,000	372,000	369,000	367,000	366,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	364,000	363,000	363,000	363,000	363,000	363,000	363,000	363,000	363,000	361,000	361,000	361,000	361,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	359,000	359,000	359,000	359,000	359,000	359,000	359,000	358,000	358,000	358,000	355,000	354,615	353,340	5,870	5,868	5,868	5,866	6,202	6,200	6,200	6,199	6,178	6,176	6,176	6,174	6,173	6,170	6,100	6,100	6,100	5,955	6,000	5,900	3,000	2,972	3,000	3,000	3,000	2,947	2,900	2,900	2,900	2,848	2,800	2,800	2,800	2,826	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Shares Outstanding	1,264,000	1,263,000	1,396,000	1,263,000	1,260,000	1,259,000	1,185,000	1,140,000	1,137,000	1,135,000	1,133,000	1,132,000	1,095,000	775,000	775,000	721,000	684,000	688,000	691,000	693,000	695,000	699,000	707,000	715,000	719,000	722,000	726,000	727,000	728,000	729,000	739,000	753,000	769,000	777,000	781,000	780,000	779,000	776,000	778,000	778,000	776,000	777,000	777,000	777,000	778,000	779,000	779,000	779,000	778,000	780,000	792,000	793,000	794,000	805,000	806,000	806,000	805,000	804,000	809,000	800,000	803,000	816,000	814,000	819,000	814,000	828,000	829,000	812,500	808,571	822,744	826,846	826,087	809,677	834,444	843,571	825,532	821,429	827,679	840,164	830,000	812,000	732,716	815,556	673,684	577,273	604,762	587,917	588,488	586,398	589,809	589,256	586,388	587,133	603,125	592,553	599,871	612,561	618,675	619,552	616,061	606,923	597,061	594,483	594,778	594,778	1,201,647	1,191,600	1,213,333	594,072	1,143,038	1,165,652	1,118,947	569,710	1,128,923	1,132,432	1,122,500	565,229	565,064	564,948	564,816	564,772	564,668	454,736	564,576	564,364	564,276	562,480	562,416	562,332	562,376	452,420	538,792	544,988	545,028	538,988	538,712	538,712	544,988	538,460	538,444	538,444	538,444	538,476	538,892	544,988	538,892	538,892	538,892	538,892	434,296	434,296	434,296	434,296
Common Stock Total Equity	0	0	0	373,000	0	373,000	0	372,000	372,000	372,000	372,000	372,000	372,000	372,000	369,000	367,000	366,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	364,000	363,000	363,000	363,000	363,000	363,000	363,000	363,000	363,000	361,000	361,000	361,000	361,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	359,000	359,000	359,000	359,000	359,000	359,000	359,000	358,000	358,000	358,000	355,000	354,615	353,340	5,870	5,868	5,868	5,866	6,202	6,200	6,200	6,199	6,178	6,176	6,176	6,174	6,173	6,170	6,100	6,100	6,100	5,955	6,000	5,900	3,000	2,972	3,000	3,000	3,000	2,947	2,900	2,900	2,900	2,848	2,800	2,800	2,800	2,826	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Deferred Revenue	6,642,000	6,072,000	5,955,000	6,892,000	5,495,000	4,874,000	4,470,000	5,080,000	3,695,000	3,112,000	2,707,000	1,992,000	1,826,000	1,940,000	2,150,000	2,618,000	4,690,000	4,735,000	4,674,000	5,815,000	4,755,000	4,395,000	4,418,000	5,308,000	4,288,000	3,958,000	4,038,000	4,778,000	3,734,000	3,522,000	3,585,000	4,275,000	3,335,000	3,272,000	3,314,000	3,907,000	3,147,000	3,032,000	3,130,000	3,698,000	3,080,000	3,031,000	2,980,000	3,626,000	3,015,000	3,076,000	3,078,000	3,634,000	3,046,000	3,106,000	3,141,000	3,668,000	2,882,000	2,805,000	2,776,000	3,208,000	2,515,000	874,000	2,536,000	2,852,000	739,000	1,142,000	2,917,000	3,605,000	1,203,000	1,353,000	2,620,000	1,209,000	1,063,000	1,149,000	984,000	0	0	0	740,000	0	0	721,000	555,000	510,000	555,000	541,000	566,313	565,139	339,076	352,003	1,067,613	311,669	338,674	359,580	369,487	341,723	328,447	363,956	318,546	306,426	285,984	0	0	0	0	0	0	0	0	198,831	0	0	0	158,927	0	0	0	139,115	0	0	0	136,058	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	579,000	579,000	579,000	579,000	579,000	579,000	579,000	579,000	579,000	579,000	810,000	818,000	814,000	807,000	807,000	790,000	2,176,000	2,912,000	2,886,000	2,907,000	2,943,000	2,925,000	2,949,000	2,950,000	3,014,000	2,967,000	2,957,000	2,953,000	2,911,000	2,910,000	2,964,000	3,019,000	2,980,000	3,010,000	3,052,000	3,041,000	3,055,000	3,127,000	3,199,000	3,226,000	3,226,000	3,210,000	3,160,000	3,134,000	3,143,000	3,174,000	3,146,000	3,135,000	3,188,000	3,322,000	3,430,000	3,424,000	3,373,000	3,320,000	3,287,000	3,214,000	3,326,000	3,451,000	3,402,000	3,388,000	3,225,000	3,266,000	3,500,000	3,614,000	3,593,000	3,610,000	3,356,000	3,331,000	3,315,000	3,313,000	3,281,000	3,290,000	3,211,000	3,206,000	3,243,000	3,259,000	3,319,000	3,321,000	3,259,000	3,212,000	3,123,000	3,031,000	3,615,858	3,649,236	706,490	681,056	678,380	665,710	644,803	651,814	662,339	684,891	706,700	701,385	452,679	455,314	458,846	462,340	0	0	0	437,464	0	0	0	212,607	0	0	0	219,589	0	0	0	226,571	0	0	0	233,553	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	1,168,000	1,169,000	1,168,000	1,163,000	1,158,000	1,156,000	1,151,000	1,167,000	1,181,000	1,181,000	1,190,000	1,198,000	1,195,000	1,186,000	1,186,000	1,168,000	1,173,000	1,174,000	1,166,000	1,172,000	1,181,000	1,176,000	1,182,000	1,183,000	1,198,000	1,200,000	1,247,000	1,286,000	1,279,000	1,275,000	1,290,000	1,305,000	1,294,000	1,238,000	1,247,000	1,247,000	1,252,000	1,270,000	1,292,000	1,298,000	1,296,000	1,292,000	1,278,000	1,298,000	1,303,000	1,314,000	1,307,000	1,302,000	1,319,000	1,330,000	1,396,000	1,396,000	1,335,000	1,320,000	1,310,000	1,289,000	1,316,000	1,346,000	1,332,000	1,328,000	1,281,000	1,294,000	1,359,000	1,393,000	1,389,000	1,393,000	1,334,000	1,328,000	1,322,000	1,321,000	1,311,000	1,308,000	1,283,000	1,282,000	1,283,000	1,288,000	1,308,000	1,306,000	1,279,000	1,349,000	1,357,000	1,324,000	3,615,858	3,649,236	7	681,056	678,380	665,710	644,803	651,814	0	0	0	701,385	0	0	0	0	402,400	406,700	434,200	0	439,700	403,100	210,900	0	214,400	216,100	217,800	0	221,300	223,100	224,800	0	228,300	230,100	231,800	0	232,100	233,800	235,600	237,300	239,600	241,300	243,000	244,800	-	-	-	254,100	-	-	-	263,500	-	-	-	271,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory	531,000	528,000	483,000	438,000	448,000	428,000	420,000	425,000	392,000	356,000	322,000	308,000	312,000	335,000	349,000	362,000	440,000	427,000	482,000	501,000	444,000	450,000	405,000	402,000	394,000	387,000	357,000	351,000	361,000	322,000	314,000	315,000	333,000	330,000	305,000	327,000	332,000	364,000	358,000	383,000	381,000	374,000	388,000	381,000	383,000	390,000	364,000	377,000	381,000	374,000	366,000	365,000	343,000	320,000	291,000	297,000	321,000	320,000	309,000	308,000	305,000	315,000	365,000	349,000	331,000	331,000	297,000	282,000	265,000	263,000	278,000	278,000	266,000	250,000	253,000	253,000	245,000	240,000	223,000	211,000	200,000	171,000	159,644	157,779	95,410	91,310	91,042	89,163	90,369	91,996	96,337	100,628	101,316	100,451	92,353	94,691	86,760	84,019	79,200	81,000	77,600	75,449	74,200	76,200	56,000	54,970	54,400	54,900	53,700	53,281	51,300	52,100	49,500	48,820	49,800	48,900	45,800	45,122	42,700	40,500	38,700	37,200	34,300	34,300	33,700	31,600	-	-	-	34,100	-	-	-	36,100	-	-	-	26,800	-	-	-	10,900	-	-	-	10,600	-	-	-	8,800	-	-	-
Liabilities And Stockholders Equity	49,761,000	49,120,000	49,756,000	51,873,000	51,985,000	51,703,000	51,917,000	52,988,000	53,281,000	53,344,000	53,514,000	55,064,000	57,226,000	53,593,000	50,818,000	49,817,000	46,943,000	45,058,000	44,001,000	44,512,000	43,930,000	42,401,000	41,753,000	42,184,000	41,441,000	40,778,000	40,643,000	40,451,000	38,703,000	38,936,000	39,332,000	39,851,000	38,446,000	39,237,000	38,797,000	38,611,000	38,714,000	39,532,000	39,997,000	40,526,000	39,905,000	40,104,000	40,393,000	39,559,000	38,675,000	39,161,000	39,082,000	39,462,000	38,963,000	38,637,000	40,026,000	39,763,000	37,965,000	37,490,000	36,847,000	36,029,000	36,732,000	36,835,000	36,359,000	35,545,000	32,836,000	33,400,000	35,278,000	35,472,000	34,145,000	34,181,000	33,188,000	33,187,000	30,461,000	30,552,000	29,866,000	29,304,000	28,316,000	28,432,000	28,766,000	28,306,000	27,599,000	27,636,000	26,436,000	26,403,000	25,506,000	24,491,000	23,397,015	23,363,465	12,493,118	12,334,848	12,196,722	12,056,409	11,714,421	11,563,552	11,275,806	11,304,895	10,285,311	9,831,320	8,592,170	8,342,174	8,332,673	8,286,355	8,227,600	7,999,300	7,830,500	7,179,323	6,792,300	6,711,800	5,719,700	5,426,775	5,241,800	5,070,300	5,087,000	5,101,888	4,703,100	4,776,600	4,543,000	4,105,487	4,034,900	3,798,600	3,704,000	3,669,823	3,553,400	3,319,100	3,262,100	3,218,900	2,802,200	2,881,700	2,803,100	2,645,600	-	-	-	2,650,300	-	-	-	2,683,500	-	-	-	2,220,200	-	-	-	1,049,500	-	-	-	941,000	-	-	-	528,100	-	-	-
Long Term Debt	28,544,000	28,483,000	29,516,000	31,921,000	32,672,000	31,953,000	28,518,000	29,263,000	29,887,000	28,509,000	26,831,000	25,968,000	26,522,000	22,130,000	18,916,000	14,870,000	9,738,000	9,675,000	8,893,000	9,080,000	9,134,000	7,897,000	8,297,000	8,172,000	7,445,000	6,993,000	7,723,000	7,635,000	7,796,000	8,357,000	8,320,000	8,183,000	7,990,000	7,413,000	6,604,000	6,648,000	6,944,000	7,363,000	6,967,000	7,880,000	7,992,000	8,092,000	7,792,000	7,848,000	7,622,000	7,168,000	8,289,000	8,392,000	7,964,000	8,053,000	7,714,000	8,678,000	7,815,000	8,011,000	7,644,000	7,681,000	8,933,000	9,097,000	8,373,000	8,317,000	7,690,000	7,735,000	8,345,000	7,689,000	6,271,000	6,313,000	5,735,000	5,425,000	6,172,000	6,355,000	6,556,000	6,045,000	5,661,000	5,727,000	6,274,000	6,305,000	5,879,000	6,291,000	6,224,000	6,623,000	7,247,000	6,918,000	6,636,160	6,707,841	3,083,621	3,011,969	3,044,488	3,090,338	2,960,019	2,954,854	2,478,482	2,416,693	1,854,719	2,099,077	1,475,831	871,048	865,666	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	0	0	29,516,000	31,921,000	32,672,000	31,953,000	28,518,000	29,263,000	29,887,000	28,509,000	26,831,000	25,968,000	26,522,000	22,130,000	18,916,000	14,870,000	9,738,000	9,675,000	8,893,000	9,080,000	9,134,000	7,897,000	8,297,000	8,172,000	7,445,000	6,993,000	7,723,000	7,635,000	7,796,000	0	8,320,000	8,183,000	7,990,000	7,413,000	0	6,648,000	6,944,000	0	0	7,880,000	7,992,000	8,092,000	7,792,000	7,848,000	7,622,000	7,168,000	0	0	0	0	7,714,000	8,678,000	7,815,000	8,011,000	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	21,000	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	29,741,000	29,476,000	29,787,000	30,611,000	30,985,000	31,852,000	28,214,000	29,340,000	29,301,000	25,668,000	25,493,000	25,167,000	23,055,000	18,867,000	18,166,000	15,369,000	13,064,000	10,984,000	9,585,000	9,972,000	10,937,000	9,341,000	9,091,000	8,804,000	9,106,000	8,800,000	8,681,000	8,821,000	8,655,000	8,851,000	8,931,000	8,910,000	8,290,000	7,392,000	7,321,000	7,971,000	8,859,000	8,757,000	8,431,000	9,093,000	9,189,000	9,098,000	9,037,000	9,151,000	8,911,000	8,437,000	8,484,000	9,100,000	9,056,000	8,903,000	9,392,000	9,285,000	8,840,000	8,935,000	8,685,000	9,166,000	9,892,000	9,509,000	9,138,000	9,794,000	8,908,000	8,693,000	8,504,000	8,232,000	6,826,000	6,513,000	6,000,000	6,098,000	7,059,000	6,684,000	6,964,000	9,630,000	8,759,000	8,219,000	8,544,000	7,031,000	7,445,000	7,310,000	6,917,000	7,537,000	7,264,000	6,334,000	6,013,211	5,673,110	2,577,446	2,493,911	1,769,746	1,818,172	1,819,628	2,183,016	1,505,094	2,167,921	2,227,499	2,158,014	1,341,386	784,345	520,719	1,227,827	734,000	892,100	848,000	2,131,750	1,322,200	1,494,900	1,126,600	934,925	773,200	905,600	1,093,700	1,271,372	1,046,200	1,337,300	1,260,500	1,169,418	1,056,500	934,000	1,165,900	1,192,443	1,049,900	893,700	1,042,500	1,062,600	704,200	875,300	887,700	759,500	-	-	-	878,100	-	-	-	1,157,100	-	-	-	890,300	-	-	-	-266,600	-	-	-	-245,200	-	-	-	159,200	-	-	-
Net Invested Capital	37,421,000	37,454,000	38,256,000	39,574,000	41,305,000	41,610,000	42,449,000	43,394,000	45,211,000	45,371,000	46,096,000	48,652,000	51,145,000	47,511,000	44,414,000	41,644,000	37,228,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	644,000	556,000	485,000	449,000	514,000	395,000	360,000	359,000	267,000	246,000	281,000	218,000	250,000	273,000	376,000	604,000	405,000	444,000	441,000	405,000	406,000	358,000	366,000	342,000	345,000	312,000	324,000	319,000	307,000	298,000	423,000	442,000	423,000	412,000	452,000	556,000	492,000	486,000	478,000	587,000	527,000	786,000	894,000	625,000	737,000	730,000	788,000	689,000	1,137,000	263,000	353,000	360,000	308,000	248,000	388,000	455,000	392,000	362,000	476,000	424,000	402,000	418,000	642,000	542,000	434,000	436,000	423,000	401,000	287,000	280,000	396,000	405,000	425,000	408,000	434,000	418,000	332,000	409,000	434,000	425,000	445,000	403,000	347,188	347,054	110,132	108,327	129,291	112,011	109,121	90,763	113,455	113,743	109,030	95,361	109,066	96,718	82,288	62,887	115,600	103,200	72,900	60,837	73,300	66,500	61,300	57,090	49,800	49,300	42,900	38,109	41,000	35,400	30,300	33,080	32,600	32,100	28,400	20,789	27,400	32,100	24,400	19,300	25,100	26,400	20,600	21,600	-	-	-	12,500	-	-	-	19,400	-	-	-	35,800	-	-	-	8,900	-	-	-	8,300	-	-	-	6,400	-	-	-
Net Tangible Assets	0	5,134,000	5,213,000	5,331,000	0	6,519,000	6,649,000	8,551,000	10,384,000	11,624,000	12,863,000	15,860,000	19,059,000	19,835,000	18,791,000	20,175,000	22,253,000	21,279,000	21,242,000	20,028,000	20,118,000	20,343,000	20,522,000	19,800,000	20,169,000	20,049,000	19,968,000	18,725,000	18,470,000	18,412,000	18,646,000	18,467,000	18,351,000	19,523,000	0	18,964,000	19,043,000	19,807,000	0	19,841,000	19,948,000	20,054,000	19,822,000	18,848,000	19,077,000	19,441,000	0	0	0	0	19,926,000	19,032,000	18,727,000	18,391,000	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	-7,912,000	-6,215,000	-6,325,000	-5,629,000	-3,944,000	-3,113,000	-4,522,000	-4,826,000	-2,863,000	-275,000	-582,000	1,444,000	3,840,000	1,877,000	-916,000	-3,636,000	-7,831,000	-7,068,000	-6,220,000	-7,542,000	-7,541,000	-6,979,000	-6,265,000	-7,030,000	-7,184,000	-7,204,000	-6,308,000	-7,284,000	-5,868,000	-5,383,000	-5,546,000	-6,241,000	-4,804,000	-4,505,000	-5,132,000	-6,204,000	-5,986,000	-5,418,000	-5,454,000	-5,776,000	-5,043,000	-4,783,000	-4,854,000	-5,731,000	-4,990,000	-5,519,000	-3,995,000	-5,093,000	-4,371,000	-4,793,000	-5,484,000	-5,022,000	-4,644,000	-4,511,000	-4,431,000	-5,177,000	-3,922,000	-3,449,000	-3,677,000	-4,633,000	-3,781,000	-4,131,000	-3,776,000	-4,910,000	-5,370,000	-5,284,000	-4,425,000	-5,590,000	-3,847,000	-3,420,000	-3,259,000	-4,006,000	-3,588,000	-2,977,000	-2,419,000	-3,299,000	-3,887,000	-3,306,000	-2,798,000	-3,340,000	-1,937,000	-1,183,000	-978,509	-707,938	-440,512	-487,654	293,123	324,193	226,780	478,748	-95,535	-949,905	-1,389,987	-1,165,812	-786,384	-941,859	-499,795	-613,277	-2,800	-12,400	-101,500	-764,834	-745,800	-840,400	-503,200	-450,117	-339,600	-511,200	-447,400	-371,809	-425,900	-501,600	-179,100	-338,332	-374,500	-325,700	-334,100	-324,508	-315,000	-367,700	-333,200	-296,200	-247,200	-251,600	-256,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	45,277,000	43,854,000	45,074,000	45,666,000	44,843,000	44,211,000	43,485,000	44,434,000	45,223,000	43,211,000	44,606,000	44,866,000	44,767,000	43,031,000	41,550,000	41,596,000	44,057,000	43,000,000	41,289,000	41,678,000	41,829,000	40,175,000	39,998,000	39,906,000	39,774,000	39,182,000	38,982,000	38,677,000	37,106,000	37,247,000	37,778,000	38,251,000	36,586,000	36,786,000	37,180,000	37,132,000	37,288,000	38,029,000	38,395,000	38,901,000	38,260,000	38,167,000	37,759,000	37,655,000	36,883,000	37,340,000	37,141,000	37,293,000	36,790,000	37,325,000	38,629,000	38,264,000	36,600,000	36,246,000	35,402,000	34,443,000	34,987,000	35,317,000	34,261,000	34,011,000	31,277,000	31,750,000	33,225,000	33,293,000	32,122,000	32,205,000	30,466,000	30,168,000	28,952,000	28,557,000	28,315,000	27,798,000	27,009,000	26,217,000	26,354,000	26,207,000	26,243,000	25,908,000	24,854,000	24,953,000	23,914,000	22,359,000	21,486,627	20,816,379	11,270,381	11,202,696	10,395,132	10,068,411	10,009,405	9,604,564	9,650,072	10,160,518	9,700,138	9,281,838	8,123,007	7,719,737	7,480,493	7,494,719	7,004,900	6,717,400	6,793,700	6,809,044	6,409,400	6,336,300	5,392,700	5,090,750	4,836,800	4,768,300	4,804,200	4,810,955	4,439,400	4,496,800	4,072,000	3,849,109	3,746,300	3,431,400	3,454,200	3,429,374	3,268,400	3,011,300	3,019,400	2,965,100	2,514,200	2,506,300	2,512,000	2,334,200	-	-	-	2,286,500	-	-	-	2,462,200	-	-	-	2,008,900	-	-	-	654,500	-	-	-	565,600	-	-	-	445,600	-	-	-
Non Current Liabilities Other	1,001,000	1,104,000	1,092,000	1,045,000	908,000	891,000	990,000	965,000	973,000	1,043,000	1,060,000	1,148,000	1,017,000	949,000	934,000	956,000	887,000	891,000	882,000	948,000	912,000	856,000	783,000	771,000	764,000	769,000	779,000	794,000	782,000	0	1,012,000	1,036,000	1,167,000	1,097,000	0	1,028,000	1,008,000	0	0	880,000	755,000	736,000	853,000	796,000	748,000	724,000	0	0	0	0	679,000	712,000	706,000	693,000	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	30,683,000	30,757,000	31,788,000	34,174,000	34,728,000	34,034,000	30,584,000	31,348,000	32,050,000	30,791,000	29,160,000	28,433,000	28,793,000	24,352,000	21,131,000	17,120,000	11,937,000	10,566,000	9,774,000	10,027,000	10,046,000	8,754,000	9,079,000	8,943,000	8,208,000	7,762,000	8,502,000	8,429,000	8,578,000	9,267,000	9,332,000	9,219,000	9,157,000	8,510,000	7,695,000	7,676,000	7,952,000	8,323,000	7,784,000	8,760,000	8,747,000	8,828,000	8,645,000	8,644,000	8,370,000	7,892,000	8,953,000	9,174,000	8,766,000	8,700,000	8,393,000	9,390,000	8,521,000	8,704,000	8,376,000	8,402,000	9,646,000	9,833,000	9,024,000	8,993,000	8,342,000	8,521,000	9,128,000	8,453,000	7,012,000	6,958,000	6,333,000	5,999,000	6,767,000	6,927,000	7,177,000	6,697,000	6,242,000	6,268,000	6,845,000	6,848,000	6,339,000	6,842,000	6,754,000	7,216,000	7,795,000	7,383,000	6,939,374	7,114,865	3,292,837	3,297,139	3,396,552	3,558,012	3,575,686	3,492,535	3,008,121	3,156,823	2,367,589	2,245,409	1,567,437	962,283	955,075	950,195	1,259,900	1,323,800	1,444,500	1,626,050	1,427,400	1,580,900	1,212,300	1,035,535	1,002,000	1,026,800	1,207,500	1,408,262	1,076,300	1,370,900	1,496,600	1,165,904	1,087,900	1,011,500	1,142,300	1,175,932	1,070,600	911,300	1,012,400	1,041,700	670,600	791,900	838,500	786,000	-	-	-	927,900	-	-	-	1,073,100	-	-	-	823,000	-	-	-	76,400	-	-	-	90,200	-	-	-	185,200	-	-	-
Non Currrent Assets Other	756,000	725,000	2,098,000	3,030,000	2,501,000	2,515,000	2,455,000	2,221,000	2,002,000	2,011,000	2,323,000	1,936,000	1,821,000	1,594,000	1,252,000	1,086,000	1,216,000	783,000	771,000	785,000	700,000	738,000	689,000	546,000	535,000	585,000	606,000	615,000	588,000	633,000	660,000	683,000	635,000	650,000	649,000	665,000	687,000	859,000	831,000	862,000	747,000	760,000	823,000	742,000	711,000	715,000	716,000	723,000	808,000	619,000	560,000	622,000	667,000	639,000	643,000	623,000	643,000	650,000	645,000	632,000	546,000	733,000	631,000	620,000	598,000	563,000	642,000	490,000	478,000	465,000	460,000	428,000	558,000	417,000	394,000	411,000	388,000	458,000	417,000	444,000	506,000	482,000	362,630	458,531	325,059	406,236	464,930	523,092	588,716	562,520	559,887	732,331	493,514	141,744	51,762	48,662	38,327	34,930	519,100	539,800	595,000	56,773	488,100	463,400	533,800	71,401	490,700	448,100	463,900	61,998	434,600	467,000	210,000	207,715	123,500	112,300	126,700	124,390	120,300	139,200	135,200	139,800	126,000	127,100	126,900	128,000	-	-	-	112,300	-	-	-	45,300	-	-	-	34,100	-	-	-	85,800	-	-	-	91,400	-	-	-	4,800	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	725,000	-1,000	1,000	-2,000	2,515,000	2,455,000	2,221,000	1,000	1,769,000	-1,000	1,630,000	1,821,000	-1,000	1,117,000	-1,000	1,000	-1,000	771,000	-1,000	700,000	1,000	689,000	546,000	4,747,000	4,752,000	4,810,000	4,854,000	4,778,000	4,818,000	4,914,000	5,007,000	4,909,000	4,898,000	4,948,000	4,953,000	4,994,000	5,256,000	5,322,000	5,386,000	5,269,000	5,262,000	5,261,000	5,174,000	5,157,000	5,203,000	5,169,000	5,160,000	5,315,000	5,271,000	5,386,000	5,442,000	5,375,000	5,279,000	5,240,000	5,126,000	5,285,000	5,447,000	5,379,000	5,348,000	5,052,000	5,293,000	5,490,000	5,627,000	5,580,000	5,566,000	5,332,000	5,149,000	5,115,000	5,099,000	5,052,000	5,026,000	5,052,000	4,905,000	4,920,000	4,958,000	5,015,000	5,085,000	4,955,000	5,005,000	4,986,000	4,837,000	3,978,488	4,107,767	1,031,549	1,087,292	0	1,188,802	1,233,519	1,214,334	1,222,226	1,779,209	1,623,804	1,280,520	1,020,782	1,045,622	1,041,022	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Assets	1,035,000	1,756,000	855,000	833,000	712,000	652,000	581,000	565,000	469,000	392,000	508,000	401,000	383,000	442,000	367,000	375,000	686,000	670,000	636,000	727,000	602,000	435,000	458,000	481,000	475,000	502,000	491,000	507,000	492,000	466,000	355,000	324,000	326,000	314,000	321,000	298,000	322,000	322,000	330,000	312,000	316,000	315,000	371,000	187,000	196,000	236,000	221,000	203,000	184,000	225,000	248,000	217,000	249,000	247,000	239,000	240,000	279,000	298,000	337,000	317,000	245,000	267,000	245,000	292,000	280,000	266,000	249,000	263,000	272,000	289,000	283,000	240,000	210,000	370,000	352,000	404,000	458,000	153,000	102,000	101,000	147,000	275,000	114,083	301,085	68,026	78,390	97,003	128,191	160,289	204,347	118,486	88,175	68,614	164,388	122,148	130,877	124,815	100,159	87,900	100,300	95,000	90,764	88,900	102,800	85,900	74,238	75,100	91,800	84,900	75,428	66,700	77,000	72,900	70,718	57,900	80,400	62,000	50,318	119,500	141,600	139,200	137,100	180,800	288,900	172,200	143,200	-	-	-	95,500	-	-	-	35,400	-	-	-	36,000	-	-	-	18,500	-	-	-	7,300	-	-	-	7,600	-	-	-
Other Current Liab	2,318,000	2,003,000	2,017,000	1,951,000	1,951,000	1,942,000	1,873,000	1,377,000	1,301,000	1,640,000	1,568,000	1,314,000	1,337,000	1,145,000	1,198,000	1,343,000	1,754,000	1,809,000	1,718,000	1,676,000	1,637,000	1,653,000	1,616,000	1,570,000	1,654,000	1,878,000	1,845,000	1,807,000	1,766,000	1,740,000	1,738,000	1,653,000	1,632,000	1,683,000	1,601,000	1,518,000	1,476,000	1,538,000	1,416,000	1,520,000	1,436,000	1,582,000	1,681,000	1,368,000	1,432,000	1,981,000	1,534,000	1,488,000	1,418,000	1,123,000	1,084,000	1,137,000	1,121,000	1,094,000	991,000	928,000	912,000	2,575,000	886,000	810,000	2,280,000	2,519,000	1,456,000	1,499,000	4,192,000	4,203,000	2,382,000	4,370,000	2,417,000	2,336,000	2,326,000	946,000	746,000	832,000	740,000	719,000	806,000	2,020,000	1,810,000	2,212,000	1,705,000	1,643,000	1,318,437	1,727,801	792,491	850,474	97,841	1,050,252	847,023	201,731	870,400	1,019,875	838,020	770,425	701,682	854,383	660,653	326,951	1,002,200	1,080,500	915,000	260,558	895,300	969,500	679,800	420,908	570,500	643,000	553,800	352,698	480,800	603,000	487,300	292,606	485,400	526,300	411,500	257,505	409,000	487,200	395,100	377,000	358,300	421,700	346,600	305,400	-	-	-	296,300	-	-	-	355,800	-	-	-	320,800	-	-	-	207,100	-	-	-	201,500	-	-	-	101,400	-	-	-
Other Liab	0	1,104,000	1,076,000	1,003,000	0	891,000	990,000	965,000	972,000	1,042,000	1,060,000	1,145,000	1,016,000	949,000	928,000	951,000	878,000	882,000	869,000	937,000	902,000	846,000	769,000	758,000	764,000	769,000	779,000	794,000	782,000	910,000	1,012,000	1,036,000	1,167,000	1,097,000	1,091,000	1,028,000	1,008,000	960,000	817,000	880,000	755,000	736,000	853,000	796,000	748,000	724,000	664,000	782,000	802,000	647,000	679,000	712,000	706,000	693,000	732,000	721,000	713,000	736,000	651,000	676,000	652,000	786,000	783,000	764,000	741,000	645,000	598,000	574,000	595,000	572,000	621,000	652,000	581,000	541,000	571,000	543,000	460,000	551,000	530,000	593,000	548,000	465,000	303,214	407,024	209,216	285,170	352,064	467,674	615,667	537,681	529,639	740,130	512,870	146,332	91,606	91,235	89,409	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	8,275,000	8,263,000	8,250,000	8,235,000	8,202,000	8,404,000	8,162,000	6,981,000	6,932,000	6,826,000	6,646,000	6,601,000	6,573,000	5,544,000	2,276,000	1,279,000	425,000	413,000	537,000	681,000	713,000	961,000	1,208,000	1,859,000	2,143,000	2,341,000	2,586,000	2,727,000	2,796,000	2,843,000	3,059,000	3,754,000	4,227,000	5,087,000	5,343,000	5,325,000	5,311,000	5,297,000	5,282,000	5,272,000	5,259,000	5,248,000	5,235,000	5,218,000	5,236,000	5,294,000	5,295,000	5,349,000	5,342,000	5,329,000	5,485,000	5,761,000	5,753,000	5,700,000	5,724,000	5,702,000	5,674,000	5,443,000	5,424,000	5,414,000	5,401,000	5,381,000	5,370,000	5,357,000	5,329,000	5,386,000	5,585,000	5,669,000	5,640,000	5,589,000	5,595,000	5,894,000	6,340,000	6,224,000	6,380,000	6,251,000	6,262,000	6,237,000	6,202,000	6,186,000	6,174,000	6,087,000	6,026,255	6,039,400	1,080,497	1,077,944	2,798,155	2,780,199	2,738,376	2,736,726	2,684,923	2,606,394	2,549,621	2,464,763	2,440,773	2,757,033	3,065,247	3,018,479	2,963,300	2,902,600	2,864,500	2,057,877	2,029,800	1,956,700	1,766,000	1,725,313	1,692,700	1,646,100	1,630,100	1,528,956	1,554,800	1,450,500	1,271,500	1,239,585	1,205,700	1,173,200	1,098,300	1,066,219	976,500	975,000	974,600	973,300	937,800	936,600	913,800	892,000	-	-	-	807,700	-	-	-	642,100	-	-	-	562,800	-	-	-	507,300	-	-	-	483,200	-	-	-	76,600	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	42,753,000	41,381,000	41,229,000	40,894,000	40,605,000	39,961,000	0	0	0	0	40,283,000	40,914,000	40,937,000	39,444,000	38,305,000	38,552,000	39,492,000	38,131,000	36,466,000	36,814,000	37,005,000	35,336,000	35,178,000	35,227,000	35,027,000	34,430,000	34,172,000	33,823,000	32,328,000	32,429,000	32,864,000	33,244,000	31,677,000	31,888,000	32,232,000	32,179,000	32,294,000	32,773,000	33,073,000	33,515,000	32,991,000	32,905,000	32,498,000	32,481,000	31,726,000	32,137,000	31,972,000	32,133,000	31,475,000	32,054,000	33,243,000	32,822,000	31,225,000	30,967,000	30,162,000	29,317,000	29,702,000	29,870,000	28,882,000	28,663,000	26,225,000	26,457,000	27,735,000	27,666,000	26,542,000	26,639,000	25,134,000	25,019,000	23,837,000	23,458,000	23,263,000	22,772,000	21,957,000	21,312,000	21,434,000	21,249,000	21,228,000	20,823,000	19,899,000	19,948,000	18,928,000	17,522,000	17,508,139	16,708,612	10,238,832	10,115,404	9,251,822	8,879,609	8,775,886	8,390,230	8,427,846	8,381,309	8,076,334	8,001,318	7,102,225	6,674,115	6,439,471	6,410,527	6,083,400	5,770,900	5,764,500	5,768,114	5,481,600	5,469,800	4,648,000	4,327,413	4,131,700	4,104,100	4,122,500	4,099,038	3,783,500	3,806,700	3,637,200	3,414,823	3,394,500	3,089,000	3,095,700	3,071,431	2,916,000	2,638,300	2,648,600	2,588,000	2,148,600	2,137,900	2,142,100	1,961,400	-	-	-	1,920,100	-	-	-	2,153,400	-	-	-	1,703,200	-	-	-	568,700	-	-	-	474,200	-	-	-	440,800	-	-	-
Property Plant And Equipment Net	42,753,000	41,381,000	41,229,000	40,894,000	40,605,000	39,961,000	39,300,000	40,467,000	41,461,000	39,440,000	40,283,000	40,914,000	40,937,000	39,444,000	38,305,000	38,552,000	39,492,000	38,131,000	36,466,000	36,814,000	37,005,000	35,336,000	35,178,000	35,227,000	35,027,000	34,430,000	34,172,000	33,823,000	32,328,000	32,429,000	32,864,000	33,244,000	31,677,000	31,888,000	32,232,000	32,179,000	32,294,000	32,773,000	33,073,000	33,515,000	32,991,000	32,905,000	32,498,000	32,481,000	31,726,000	32,137,000	31,972,000	32,133,000	31,475,000	32,054,000	33,243,000	32,822,000	31,225,000	30,967,000	30,162,000	29,317,000	29,702,000	29,870,000	28,882,000	28,663,000	26,225,000	26,457,000	27,735,000	27,666,000	26,542,000	26,639,000	25,134,000	25,019,000	23,837,000	23,458,000	23,263,000	22,772,000	21,957,000	21,312,000	21,434,000	21,249,000	21,228,000	20,823,000	19,899,000	19,948,000	18,928,000	17,522,000	17,508,139	16,708,612	10,238,832	10,115,404	9,251,822	8,879,609	8,775,886	8,390,230	8,427,846	8,381,309	8,076,334	8,001,318	7,102,225	6,674,115	6,439,471	6,410,527	6,083,400	5,770,900	5,764,500	5,768,114	5,481,600	5,469,800	4,648,000	4,327,413	4,131,700	4,104,100	4,122,500	4,099,038	3,783,500	3,806,700	3,637,200	3,414,823	3,394,500	3,089,000	3,095,700	3,071,431	2,916,000	2,638,300	2,648,600	2,588,000	2,148,600	2,137,900	2,142,100	1,961,400	-	-	-	1,920,100	-	-	-	2,153,400	-	-	-	1,703,200	-	-	-	568,700	-	-	-	474,200	-	-	-	440,800	-	-	-
Property Plant Equipment	0	41,381,000	41,229,000	40,894,000	40,605,000	38,687,000	39,300,000	39,262,000	40,183,000	38,107,000	40,283,000	40,914,000	39,583,000	38,073,000	36,926,000	37,139,000	38,023,000	38,131,000	36,466,000	36,814,000	37,005,000	35,336,000	35,178,000	35,227,000	35,027,000	34,430,000	34,172,000	33,823,000	32,328,000	32,429,000	32,864,000	33,244,000	31,677,000	31,888,000	32,232,000	32,179,000	32,294,000	32,773,000	33,073,000	33,515,000	32,991,000	32,905,000	32,498,000	32,481,000	31,726,000	32,137,000	31,972,000	32,133,000	31,475,000	32,054,000	33,243,000	32,822,000	31,225,000	30,967,000	30,162,000	29,317,000	29,702,000	29,870,000	28,882,000	28,663,000	26,225,000	26,457,000	27,735,000	27,666,000	26,542,000	26,639,000	25,134,000	25,019,000	23,837,000	23,458,000	23,263,000	22,772,000	21,957,000	21,312,000	21,434,000	21,249,000	21,228,000	20,823,000	19,899,000	19,948,000	18,928,000	17,522,000	17,508,139	16,708,612	10,238,832	10,115,404	9,251,822	8,879,609	8,775,886	8,390,230	8,427,846	8,381,309	8,076,334	8,001,318	7,102,225	6,674,115	6,439,471	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	-29,000	185,000	233,000	-841,000	-434,000	269,000	1,868,000	2,649,000	4,493,000	6,448,000	9,194,000	12,030,000	14,102,000	16,075,000	18,297,000	21,155,000	25,527,000	26,653,000	26,576,000	25,138,000	25,033,000	25,066,000	24,921,000	23,564,000	23,360,000	23,292,000	23,066,000	22,026,000	21,939,000	21,843,000	21,488,000	20,320,000	19,976,000	20,060,000	20,023,000	19,041,000	19,013,000	19,242,000	19,538,000	18,485,000	18,573,000	18,782,000	18,911,000	18,170,000	18,322,000	18,479,000	18,969,000	17,835,000	18,015,000	18,349,000	18,319,000	17,186,000	17,178,000	17,224,000	17,055,000	15,830,000	15,657,000	15,770,000	15,577,000	14,504,000	14,240,000	13,980,000	13,925,000	12,907,000	12,832,000	12,921,000	12,878,000	11,778,000	11,665,000	11,600,000	11,402,000	10,369,000	10,310,000	10,233,000	10,081,000	9,092,000	8,847,000	8,623,000	8,450,000	7,526,000	7,294,000	7,191,000	7,085,427	6,434,958	6,391,097	6,325,850	6,196,125	5,756,972	5,624,366	5,556,296	5,501,532	5,076,008	4,950,578	4,884,023	4,758,448	4,423,788	4,283,203	4,176,498	3,990,200	3,630,400	3,482,200	3,379,628	3,212,600	2,912,500	2,796,500	2,731,213	2,620,400	2,355,200	2,260,500	2,207,781	2,125,400	1,884,200	1,803,600	1,752,140	1,693,500	1,505,400	1,436,900	1,390,589	1,341,700	1,192,700	1,134,600	1,089,300	1,058,900	926,500	881,100	850,200	-	-	-	652,500	-	-	-	635,000	-	-	-	493,500	-	-	-	353,700	-	-	-	236,800	-	-	-	191,800	-	-	-
Retained Earnings Total Equity	0	0	0	-841,000	0	269,000	0	2,649,000	4,493,000	6,448,000	0	12,030,000	14,102,000	16,075,000	18,297,000	21,155,000	25,527,000	0	26,576,000	25,138,000	25,033,000	25,066,000	24,921,000	23,564,000	23,360,000	23,292,000	23,066,000	22,026,000	21,939,000	0	21,488,000	20,320,000	19,976,000	20,060,000	0	19,041,000	19,013,000	0	0	18,485,000	18,573,000	18,782,000	18,911,000	18,170,000	18,322,000	18,479,000	0	0	0	0	18,319,000	17,186,000	17,178,000	17,224,000	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt	2,195,000	2,089,000	1,780,000	1,789,000	2,464,000	2,593,000	5,552,000	5,871,000	5,013,000	4,717,000	4,402,000	4,807,000	4,809,000	4,826,000	5,995,000	5,935,000	3,200,000	1,827,000	1,845,000	2,094,000	2,452,000	1,586,000	696,000	857,000	1,016,000	1,727,000	9,202,000	1,783,000	1,296,000	650,000	1,073,000	1,246,000	0	1,355,000	0	0	0	1,072,000	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	32,015,000	31,891,000	32,629,000	35,079,000	36,440,000	35,881,000	35,285,000	36,394,000	36,229,000	34,607,000	32,644,000	32,234,000	32,729,000	28,380,000	26,342,000	22,250,000	14,418,000	11,502,000	10,738,000	11,174,000	11,586,000	10,323,000	9,617,000	9,857,000	9,559,000	9,195,000	9,170,000	9,418,000	9,092,000	9,454,000	9,393,000	9,429,000	9,068,000	8,787,000	7,860,000	8,269,000	9,139,000	9,088,000	8,867,000	9,436,000	9,610,000	9,560,000	10,018,000	9,862,000	9,387,000	8,902,000	9,052,000	10,000,000	9,527,000	9,353,000	9,822,000	9,842,000	9,305,000	9,364,000	9,212,000	9,760,000	10,645,000	10,047,000	10,114,000	10,279,000	9,515,000	9,343,000	9,296,000	9,220,000	7,792,000	7,456,000	7,412,000	7,957,000	7,640,000	7,847,000	7,558,000	10,200,000	9,154,000	9,397,000	9,683,000	7,752,000	7,766,000	7,953,000	7,511,000	7,980,000	7,827,000	7,404,000	7,001,219	7,054,143	3,310,365	3,160,611	3,070,188	3,115,274	2,981,274	3,604,316	2,660,330	2,834,511	2,360,610	2,347,296	1,482,527	1,079,912	1,073,483	1,749,598	1,218,200	1,274,700	1,422,300	2,269,023	1,447,300	1,615,500	1,240,700	1,074,914	988,600	999,200	1,182,600	1,383,001	1,132,000	1,426,500	1,552,200	1,222,783	1,144,600	1,075,500	1,215,600	1,246,548	1,145,300	987,300	1,082,900	1,122,800	752,000	901,100	952,300	874,500	-	-	-	1,099,800	-	-	-	1,287,500	-	-	-	1,003,000	-	-	-	90,100	-	-	-	104,000	-	-	-	218,900	-	-	-
Short Term Debt	2,333,000	2,238,000	1,933,000	1,950,000	2,620,000	2,739,000	5,691,000	6,011,000	5,152,000	4,859,000	4,544,000	4,949,000	4,951,000	4,977,000	6,145,000	6,088,000	3,368,000	1,827,000	1,845,000	2,094,000	2,452,000	2,426,000	1,320,000	1,685,000	2,114,000	2,202,000	1,447,000	1,783,000	1,296,000	1,097,000	1,073,000	1,246,000	1,078,000	1,374,000	1,256,000	1,621,000	2,195,000	1,725,000	1,900,000	1,556,000	1,618,000	1,468,000	2,226,000	2,014,000	1,765,000	1,734,000	763,000	1,608,000	1,563,000	1,300,000	2,108,000	1,164,000	1,490,000	1,353,000	1,568,000	2,079,000	1,712,000	950,000	1,741,000	1,962,000	1,825,000	1,608,000	951,000	1,531,000	1,521,000	1,143,000	1,677,000	2,532,000	1,468,000	1,492,000	1,002,000	4,155,000	3,493,000	3,670,000	3,409,000	1,447,000	1,887,000	1,662,000	1,287,000	1,357,000	580,000	486,000	365,059	346,302	226,744	148,642	25,700	24,936	21,255	649,462	181,848	417,818	505,891	248,219	6,696	208,864	207,817	882,083	33,700	33,700	66,700	706,009	72,400	58,500	50,900	59,620	62,100	62,100	66,400	66,369	72,500	72,700	72,800	72,752	72,200	78,600	87,200	84,644	91,000	91,100	91,500	91,600	91,500	118,100	122,400	97,900	-	-	-	178,100	-	-	-	218,500	-	-	-	183,200	-	-	-	13,700	-	-	-	13,800	-	-	-	33,700	-	-	-
Short Term Investments	0	0	26,000	20,000	39,250	39,250	39,250	151,000	515,000	200,000	647,000	2,204,000	1,840,000	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	9,000	8,000	12,000	0	341,000	214,000	104,000	0	0	13,000	11,000	9,000	234,000	303,000	0	17,000	0	0	0	1,000	60,974	67,999	37,575	39,005	46,969	203,380	39,250	36,784	0	0	0	0	4,455	4,584	5,553	22,800	455,800	614,800	217,000	5,956	21,400	9,400	9,700	9,738	10,300	12,400	12,400	12,486	18,900	26,100	26,600	50,395	60,200	64,300	63,900	70,115	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	49,761,000	49,120,000	49,756,000	51,873,000	51,985,000	51,703,000	51,917,000	52,988,000	53,281,000	53,344,000	53,514,000	55,064,000	57,226,000	53,593,000	50,818,000	49,817,000	46,943,000	45,058,000	44,001,000	44,512,000	43,930,000	42,401,000	41,753,000	42,184,000	41,441,000	40,778,000	40,643,000	40,451,000	38,703,000	38,936,000	39,332,000	39,851,000	38,446,000	39,237,000	38,797,000	38,611,000	38,714,000	39,532,000	39,997,000	40,526,000	39,905,000	40,104,000	40,393,000	39,559,000	38,675,000	39,161,000	39,082,000	39,462,000	38,963,000	38,637,000	40,026,000	39,763,000	37,965,000	37,490,000	36,847,000	36,029,000	36,732,000	36,835,000	36,359,000	35,545,000	32,836,000	33,400,000	35,278,000	35,472,000	34,145,000	34,181,000	33,188,000	33,187,000	30,461,000	30,552,000	29,866,000	29,304,000	28,316,000	28,432,000	28,766,000	28,306,000	27,599,000	27,636,000	26,436,000	26,403,000	25,506,000	24,491,000	23,397,015	23,363,465	12,493,118	12,334,848	12,196,722	12,056,409	11,714,421	11,563,552	11,275,806	11,304,895	10,285,311	9,831,320	8,592,170	8,342,174	8,332,673	8,286,355	8,227,600	7,999,300	7,830,500	7,179,323	6,792,300	6,711,800	5,719,700	5,426,775	5,241,800	5,070,300	5,087,000	5,101,888	4,703,100	4,776,600	4,543,000	4,105,487	4,034,900	3,798,600	3,704,000	3,669,823	3,553,400	3,319,100	3,262,100	3,218,900	2,802,200	2,881,700	2,803,100	2,645,600	-	-	-	2,650,300	-	-	-	2,683,500	-	-	-	2,220,200	-	-	-	1,049,500	-	-	-	941,000	-	-	-	528,100	-	-	-
Total Current Assets	4,484,000	5,266,000	4,683,000	6,206,000	7,144,000	7,492,000	8,432,000	8,554,000	8,057,000	10,133,000	8,909,000	10,198,000	12,459,000	10,563,000	9,268,000	8,222,000	2,885,000	2,059,000	2,712,000	2,835,000	2,101,000	2,225,000	1,755,000	2,278,000	1,667,000	1,596,000	1,661,000	1,774,000	1,597,000	1,689,000	1,554,000	1,600,000	1,860,000	2,451,000	1,617,000	1,479,000	1,426,000	1,503,000	1,602,000	1,625,000	1,645,000	1,937,000	2,634,000	1,904,000	1,792,000	1,821,000	1,941,000	2,169,000	2,173,000	1,312,000	1,397,000	1,499,000	1,365,000	1,244,000	1,445,000	1,586,000	1,745,000	1,518,000	2,098,000	1,534,000	1,559,000	1,650,000	2,053,000	2,179,000	2,023,000	1,976,000	2,722,000	3,019,000	1,509,000	1,995,000	1,551,000	1,506,000	1,307,000	2,215,000	2,412,000	2,099,000	1,356,000	1,728,000	1,582,000	1,450,000	1,592,000	2,132,000	1,910,388	2,547,086	1,222,737	1,132,152	1,801,590	1,987,998	1,705,016	1,958,988	1,625,734	1,144,377	585,173	549,482	469,163	622,437	852,180	791,636	1,222,700	1,281,900	1,036,800	370,279	382,900	375,500	327,000	336,025	405,000	302,000	282,800	290,933	263,700	279,800	471,000	256,378	288,600	367,200	249,800	240,449	285,000	307,800	242,700	253,800	288,000	375,400	291,100	311,400	-	-	-	363,800	-	-	-	221,300	-	-	-	211,300	-	-	-	395,000	-	-	-	375,400	-	-	-	82,500	-	-	-
Total Current Liabilities	12,396,000	11,481,000	11,008,000	11,835,000	11,088,000	10,605,000	12,954,000	13,380,000	10,920,000	10,408,000	9,491,000	8,754,000	8,619,000	8,686,000	10,184,000	11,858,000	10,716,000	9,127,000	8,932,000	10,377,000	9,642,000	9,204,000	8,020,000	9,308,000	8,851,000	8,800,000	7,969,000	9,058,000	7,465,000	7,072,000	7,100,000	7,841,000	6,664,000	6,956,000	6,749,000	7,683,000	7,412,000	6,921,000	7,056,000	7,401,000	6,688,000	6,720,000	7,488,000	7,635,000	6,782,000	7,340,000	5,936,000	7,262,000	6,544,000	6,105,000	6,881,000	6,521,000	6,009,000	5,755,000	5,876,000	6,763,000	5,667,000	4,967,000	5,775,000	6,167,000	5,340,000	5,781,000	5,829,000	7,089,000	7,393,000	7,260,000	7,147,000	8,609,000	5,356,000	5,415,000	4,810,000	5,512,000	4,895,000	5,192,000	4,831,000	5,398,000	5,243,000	5,034,000	4,380,000	4,790,000	3,529,000	3,315,000	2,888,897	3,255,024	1,663,249	1,619,806	1,508,467	1,663,805	1,478,236	1,480,240	1,721,269	2,094,282	1,975,160	1,715,294	1,255,547	1,564,296	1,351,975	1,404,913	1,225,500	1,294,300	1,138,300	1,135,113	1,128,700	1,215,900	830,200	786,142	744,600	813,200	730,200	662,742	689,600	781,400	650,100	594,710	663,100	692,900	583,900	564,957	600,000	675,500	575,900	550,000	535,200	627,000	547,700	474,800	-	-	-	551,300	-	-	-	574,300	-	-	-	504,000	-	-	-	220,800	-	-	-	215,300	-	-	-	135,100	-	-	-
Total Liab	43,079,000	42,238,000	42,796,000	46,009,000	45,816,000	44,639,000	43,538,000	44,728,000	42,970,000	41,199,000	38,651,000	37,187,000	37,412,000	33,038,000	31,315,000	28,978,000	22,653,000	19,693,000	18,706,000	20,404,000	19,688,000	17,958,000	17,099,000	18,251,000	17,059,000	16,562,000	16,471,000	17,487,000	16,043,000	16,339,000	16,432,000	17,060,000	15,821,000	15,466,000	14,444,000	15,359,000	15,364,000	15,244,000	14,840,000	16,161,000	15,435,000	15,548,000	16,133,000	16,279,000	15,152,000	15,232,000	14,889,000	16,436,000	15,310,000	14,805,000	15,274,000	15,911,000	14,530,000	14,459,000	14,252,000	15,165,000	15,313,000	14,800,000	14,799,000	15,160,000	13,682,000	14,302,000	14,957,000	15,542,000	14,405,000	14,218,000	13,480,000	14,608,000	12,123,000	12,342,000	11,987,000	12,209,000	11,137,000	11,460,000	11,676,000	12,246,000	11,582,000	11,876,000	11,134,000	12,006,000	11,324,000	10,698,000	9,828,271	10,369,889	4,956,086	4,916,945	4,905,019	5,221,817	5,053,922	4,972,775	4,729,390	5,251,105	4,342,749	3,960,703	2,822,984	2,526,579	2,307,050	2,355,108	2,485,400	2,618,100	2,582,800	2,761,163	2,556,100	2,796,800	2,042,500	1,821,677	1,746,600	1,840,000	1,937,700	2,071,004	1,765,900	2,152,300	2,146,700	1,760,614	1,751,000	1,704,400	1,726,200	1,740,889	1,670,600	1,586,800	1,588,300	1,591,700	1,205,800	1,418,900	1,386,200	1,260,800	-	-	-	1,479,200	-	-	-	1,647,400	-	-	-	1,327,000	-	-	-	297,200	-	-	-	305,500	-	-	-	320,300	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Stockholder Equity	6,682,000	6,882,000	6,960,000	5,864,000	6,169,000	7,064,000	8,379,000	8,260,000	10,311,000	12,145,000	14,863,000	17,877,000	19,814,000	20,555,000	19,503,000	20,839,000	24,290,000	25,365,000	25,295,000	24,108,000	24,242,000	24,443,000	24,654,000	23,933,000	24,382,000	24,216,000	24,172,000	22,964,000	22,660,000	22,597,000	22,900,000	22,791,000	22,625,000	23,771,000	24,353,000	23,252,000	23,350,000	24,288,000	25,157,000	24,365,000	24,470,000	24,556,000	24,260,000	23,280,000	23,523,000	23,929,000	24,193,000	23,026,000	23,653,000	23,832,000	24,752,000	23,852,000	23,435,000	23,031,000	22,595,000	20,864,000	21,419,000	22,035,000	21,560,000	20,385,000	19,154,000	19,098,000	20,321,000	19,930,000	19,740,000	19,963,000	19,708,000	18,579,000	18,338,000	18,210,000	17,879,000	17,095,000	17,179,000	16,972,000	17,090,000	16,060,000	16,017,000	15,760,000	15,302,000	14,397,000	14,182,000	13,793,000	13,568,744	12,993,576	7,537,032	7,417,903	7,291,703	6,834,592	6,660,499	6,590,777	6,546,416	6,053,790	5,942,562	5,870,617	5,769,186	5,815,595	6,025,623	5,931,247	5,594,300	5,242,500	5,113,900	4,285,476	4,104,400	3,791,900	3,677,200	3,605,098	3,495,200	3,230,300	3,149,300	3,030,884	2,937,200	2,624,300	2,396,300	2,344,873	2,283,900	2,094,200	1,977,800	1,928,934	1,882,800	1,732,300	1,673,800	1,627,200	1,596,400	1,462,800	1,416,900	1,384,800	-	-	-	1,171,100	-	-	-	1,036,100	-	-	-	893,200	-	-	-	752,300	-	-	-	635,500	-	-	-	207,800	-	-	-
Treasury Stock	0	0	0	0	0	0	0	-8,476,000	-8,428,000	-8,466,000	-8,500,000	-8,404,000	-8,404,000	-8,404,000	-8,404,000	-8,404,000	-8,404,000	-8,394,000	-8,261,000	-8,104,000	-8,063,000	-7,795,000	-7,533,000	-6,862,000	-6,565,000	-6,349,000	-6,104,000	-5,946,000	-5,864,000	-5,789,000	-5,559,000	-4,851,000	-4,365,000	-3,475,000	-3,162,000	-3,087,000	-3,087,000	-3,087,000	-3,087,000	-3,073,000	-3,074,000	-3,077,000	-3,077,000	-3,066,000	-3,041,000	-2,958,000	-2,923,000	-2,856,000	-2,854,000	-2,851,000	-2,682,000	-2,394,000	-2,395,000	-2,394,000	-2,385,000	-2,357,000	-2,293,000	-2,264,000	-2,271,000	-2,285,000	-2,286,000	-2,296,000	-2,296,000	-2,296,000	-2,297,000	-2,213,000	-1,992,000	-1,887,000	-1,887,000	-1,890,000	-1,843,000	-1,524,000	-1,058,000	-1,144,000	-1,058,000	-1,088,000	-1,058,000	-1,058,000	-1,058,000	-1,058,000	-1,058,000	-1,058,000	-1,058,650	-1,058,650	0	0	0	0	-727,637	-727,637	-727,637	-727,637	-705,137	-705,137	-705,137	-335,143	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-11-30	2022-11-30	2021-11-30	2020-11-30	2019-11-30	2018-11-30	2017-11-30	2016-11-30	2015-11-30	2014-11-30	2013-11-30	2012-11-30	2011-11-30	2010-11-30	2009-11-30	2008-11-30	2007-11-30	2006-11-30	2005-11-30	2004-11-30	2003-11-30	2002-11-30	2001-11-30	2000-11-30	1999-11-30	1998-11-30	1997-11-30	1996-11-30	1995-11-30	1994-11-30	1993-11-30	1992-11-30	1991-11-30
Begin Period Cash Flow	6,037,000	8,976,000	9,692,000	530,000	996,000	395,000	603,000	1,395,000	331,000	462,000	465,000	450,000	429,000	538,000	650,000	943,000	1,163,000	1,178,000	643,000	610,000	667,000	1,421,300	189,282	521,771	137,273	139,989	111,629	53,365	54,105	60,243	115,000	221,700	124,100
Capital Expenditures	3,284,000	4,940,000	3,607,000	3,620,000	5,429,000	3,749,000	2,944,000	3,062,000	2,294,000	2,583,000	2,149,000	2,332,000	2,696,000	3,579,000	3,380,000	3,353,000	3,312,000	2,480,000	1,977,000	3,586,000	2,516,000	1,986,482	826,568	1,054,698	872,984	1,150,413	497,657	901,905	483,901	594,789	712,800	120,800	116,700
Cash And Cash Equivalents Changes	0	-2,860,000	-703,000	9,109,000	0	587,000	-208,000	0	1,064,000	0	-3,000	15,000	0	-109,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	953,000	361,000	-2,740,000	0	74,000	-13,000	0	123,000	0	565,000	148,000	0	-29,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-3,601,000	-2,939,000	-716,000	9,162,000	-466,000	587,000	-208,000	-792,000	1,064,000	-131,000	-3,000	15,000	21,000	-109,000	-112,000	-293,000	-220,000	-15,000	535,000	33,000	403,000	-754,600	1,232,018	-332,489	384,498	-2,716	28,360	58,264	-740	-6,138	-54,800	-106,600	97,600
Change In Working Capital	1,525,000	1,163,000	958,000	-3,186,000	212,000	364,000	399,000	444,000	499,000	199,000	-63,000	-106,000	238,000	396,000	156,000	-201,000	470,000	279,000	194,000	513,000	126,000	-92,183	-161,277	34,512	-21,306	115,672	109,162	61,927	1	62,065	60,700	8,600	-3,500
Change Receivables	0	-171,000	-7,000	125,000	0	-58,000	6,000	0	4,000	0	-128,000	-15,000	0	106,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-180,000	-171,000	-476,000	125,000	-368,000	-58,000	6,000	-22,000	4,000	75,000	-128,000	-15,000	0	106,000	81,000	0	-94,000	93,000	-56,000	9,000	-72,000	-5,452	-7,134	-15,132	-3,300	100	-21,200	-4,400	-12,700	-2,900	-1,500	-3,900	-1,200
Change To Inventory	-85,000	-95,000	-63,000	77,000	79,000	-67,000	-49,000	1,000	5,000	1,000	19,000	-16,000	-54,000	-12,000	10,000	-8,000	-57,000	-5,000	-15,000	-73,000	-17,000	1,667	8,455	-8,205	-8,570	-3,913	-1,689	-4,461	-3,698	-7,877	-5,600	2,500	-3,600
Change To Liabilities	0	624,000	807,000	-476,000	421,000	415,000	455,000	475,000	359,000	101,000	-356,000	-223,000	0	316,000	0	0	0	0	0	0	0	0	0	52,156	0	0	0	0	0	0	0	0	0
Change To Netincome	0	667,000	1,889,000	4,710,000	113,000	16,000	471,000	173,000	671,000	360,000	68,000	280,000	0	43,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-533,000	-469,000	-3,098,000	-174,000	-26,000	60,000	-10,000	100,000	40,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	2,370,000	2,275,000	2,233,000	2,241,000	2,160,000	2,017,000	1,846,000	1,738,000	1,626,000	1,635,000	1,588,000	1,527,000	1,522,000	1,416,000	1,309,000	1,249,000	1,101,000	988,000	902,000	812,000	585,000	382,343	372,224	287,667	243,658	200,668	167,287	144,987	128,433	110,595	-93,300	-88,800	-85,200
Dividends Paid	-20,000	-87,000	12,422,000	689,000	1,387,000	1,355,000	1,087,000	977,000	816,000	776,000	1,164,000	779,000	671,000	237,000	314,000	1,261,000	990,000	803,000	566,000	400,000	292,000	246,323	245,844	254,333	219,179	178,458	130,456	103,877	85,098	79,072	79,000	77,400	65,400
End Period Cash Flow	2,436,000	6,037,000	8,976,000	9,692,000	530,000	982,000	395,000	603,000	1,395,000	331,000	462,000	465,000	450,000	429,000	538,000	650,000	943,000	1,163,000	1,178,000	643,000	1,070,000	666,700	1,421,300	189,282	521,771	137,273	139,989	111,629	53,365	54,105	60,200	115,100	221,700
Exchange Rate Changes	0	0	0	0	0	-1,000	11,000	0	-61,000	0	-1,000	-22,000	0	-22,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	997,000	-6,610,000	-7,716,000	-9,921,000	46,000	1,800,000	2,378,000	2,072,000	2,251,000	847,000	685,000	667,000	1,070,000	239,000	-38,000	38,000	757,000	1,153,000	1,433,000	-370,000	-583,000	-517,450	412,368	224,837	456,740	-58,573	379,923	-160,382	103,305	-57,653	-233,000	273,500	227,700
Investments	-3,622,000	199,000	-290,000	-81,000	-5,277,000	-39,000	-203,000	-3,323,000	-219,000	-2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	5,000	1,180,000	1,009,000	3,249,000	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
Net Borrowings	0	2,543,000	6,248,000	16,251,000	1,418,000	1,403,000	-789,000	711,000	170,000	-223,000	479,000	-330,000	0	-192,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-74,000	-6,093,000	-9,501,000	-10,236,000	2,990,000	3,152,000	2,606,000	2,779,000	1,757,000	1,236,000	1,078,000	1,298,000	1,912,000	1,978,000	1,790,000	2,330,000	2,408,000	2,279,000	2,257,000	1,854,000	1,194,000	1,015,941	926,200	965,458	1,027,240	835,885	666,050	566,302	451,091	381,765	318,200	276,600	85,000
Other Cashflows From Financing Activities	2,806,000	4,646,000	24,300,000	17,723,000	-83,000	-40,000	-24,000	1,964,000	1,381,000	2,214,000	2,699,000	9,000	28,000	2,004,000	3,523,000	-13,000	2,317,000	2,903,000	1,093,000	-4,000	-15,000	-1,544	-25,531	1,020,091	7,596	-4,253	155,366	971,361	382,800	-25,000	-100	100	41,300
Other Cashflows From Investing Activities	0	-26,000	354,000	461,000	126,000	287,000	58,000	-287,000	-184,000	34,000	93,000	560,000	50,000	78,000	31,000	91,000	0	3,000	0	0	0	0	0	94,961	0	0	0	0	0	0	0	0	0
Other Non Cash Items	363,000	884,000	449,000	172,000	43,000	-6,000	51,000	73,000	40,000	35,000	35,000	61,000	1,960,000	-15,000	37,000	-37,000	90,000	87,000	57,000	37,000	28,000	162,931	101,789	-8,102	80,132	-60,385	-64,919	-31,693	7,681	-17,289	194,200	197,900	348,100
Sale Purchase Of Stock	-20,000	-87,000	-188,000	-12,000	-603,000	-1,468,000	-552,000	-2,340,000	-533,000	0	-138,000	-90,000	-454,000	-524,000	-188,000	-83,000	-326,000	-841,000	-386,000	1,115,000	2,217,000	231,940	2,574,281	-705,137	-25	1,404,395	0	0	0	538,071	731,500	588,000	0
Stock Based Compensation	53,000	101,000	121,000	105,000	46,000	65,000	63,000	55,000	55,000	52,000	42,000	39,000	46,000	43,000	50,000	50,000	64,000	68,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-5,089,000	3,577,000	6,949,000	18,650,000	-655,000	-1,460,000	-2,452,000	-2,591,000	-942,000	-1,028,000	-780,000	-1,190,000	-1,093,000	-404,000	-93,000	-315,000	-604,000	-1,212,000	-892,000	-79,000	826,000	-198,365	337,154	-319,997	-34,846	226,497	-394,319	135,966	-59,866	21,915	170,600	-297,300	-82,400
Total Cash From Operating Activities	4,281,000	-1,670,000	-4,109,000	-6,301,000	5,475,000	5,549,000	5,322,000	5,134,000	4,545,000	3,430,000	2,834,000	2,999,000	3,766,000	3,818,000	3,342,000	3,391,000	4,069,000	3,633,000	3,410,000	3,216,000	1,933,000	1,469,032	1,238,936	1,279,535	1,329,724	1,091,840	877,580	741,523	587,206	537,136	479,800	394,300	344,400
Total Cashflows From Investing Activities	0	-4,767,000	-3,543,000	-3,240,000	-5,277,000	-3,502,000	-3,089,000	-3,323,000	-2,478,000	-2,507,000	-2,056,000	-1,772,000	-2,646,000	-3,501,000	-3,384,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-08-31	2013-05-31	2013-02-28	2012-11-30	2012-08-31	2012-05-31	2012-02-29	2011-11-30	2011-08-31	2011-05-31	2011-02-28	2010-11-30	2010-08-31	2010-05-31	2010-02-28	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-11-30	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-11-30	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-02-28	2004-11-30	2004-08-31	2004-05-31	2004-02-29	2003-11-30	2003-08-31	2003-05-31	2003-02-28	2002-11-30	2002-08-31	2002-05-31	2002-02-28	2001-11-30	2001-08-31	2001-05-31	2001-02-28	2000-11-30	2000-08-31	2000-05-31	2000-02-29	1999-11-30	1999-08-31	1999-05-31	1999-02-28	1998-11-30	1998-08-31	1998-05-31	1998-02-28	1997-11-30	1997-08-31	1997-05-31	1997-02-28	1996-11-30	1996-08-31	1996-05-31	1996-02-29	1995-11-30	1995-08-31	1995-05-31	1995-02-28	1994-11-30	1994-08-31	1994-05-31	1994-02-28	1993-11-30	1993-08-31	1993-05-31	1993-02-28
Begin Period Cash Flow	2,426,000	2,870,000	4,507,000	5,491,000	6,037,000	7,107,000	7,089,000	6,452,000	8,976,000	7,329,000	7,218,000	9,829,000	9,692,000	8,191,000	6,896,000	1,368,000	530,000	1,170,000	1,215,000	665,000	996,000	526,000	1,053,000	453,000	395,000	489,000	597,000	437,000	603,000	462,000	519,000	778,000	1,395,000	539,000	298,000	280,000	331,000	436,000	343,000	421,000	462,000	981,000	711,000	476,000	465,000	568,000	900,000	471,000	450,000	430,000	557,000	465,000	429,000	527,000	594,000	753,000	538,000	976,000	485,000	607,000	650,000	792,000	988,000	966,000	943,000	1,412,000	1,859,000	581,000	1,163,000	594,000	570,000	395,000	1,178,000	1,139,000	721,000	321,000	643,000	594,000	443,000	563,000	1,070,000	988,008	1,381,033	732,919	666,700	1,300,442	1,297,102	1,161,646	1,421,300	1,155,236	666,590	133,111	189,282	141,141	295,567	552,764	521,771	484,200	382,600	574,300	137,300	125,100	120,600	114,100	140,000	215,400	93,600	88,900	111,600	85,800	89,200	291,700	53,400	88,100	141,500	49,700	54,100	1,800	53,200	40,300	60,200	21,900	0	64,600	115,000
Capital Expenditures	2,138,000	675,000	837,000	697,000	1,075,000	1,181,000	538,000	491,000	2,730,000	487,000	963,000	383,000	1,774,000	1,721,000	231,000	342,000	1,326,000	1,981,000	427,000	893,000	2,129,000	966,000	583,000	1,627,000	574,000	648,000	437,000	1,447,000	412,000	646,000	450,000	1,636,000	330,000	590,000	323,000	439,000	942,000	906,000	348,000	976,000	353,000	337,000	365,000	1,206,000	241,000	168,000	167,000	1,730,000	267,000	261,000	813,000	1,450,000	172,000	741,000	670,000	999,000	1,169,000	978,000	446,000	1,650,000	306,000	630,000	1,130,000	1,335,000	258,000	936,000	246,000	1,493,000	637,000	298,000	699,000	726,000	757,000	345,000	523,000	553,000	556,000	721,000	217,000	1,285,000	1,363,000	619,510	1,283,926	500,427	112,137	964,018	428,109	150,962	443,393	113,240	121,801	470,698	120,829	172,238	490,023	299,391	93,046	387,784	372,300	61,900	51,000	94,713	107,400	586,600	361,700	338,757	74,800	21,800	62,300	387,705	57,900	202,800	253,500	101,501	306,500	21,900	54,000	189,189	310,600	14,300	80,700	461,800	32,400	17,400	201,200
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	663,000	-2,516,000	0	0	-2,618,000	124,000	1,511,000	1,233,000	5,521,000	844,000	0	-40,000	556,000	-331,000	456,000	-527,000	600,000	58,000	-94,000	-108,000	160,000	-166,000	0	-57,000	-259,000	-617,000	0	0	18,000	-51,000	0	0	-78,000	-41,000	-519,000	270,000	235,000	11,000	0	0	0	0	0	-127,000	92,000	36,000	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
Cash Flows Other Operating	0	0	0	0	0	0	0	-1,342,000	182,000	0	0	-74,000	-226,000	-374,000	-606,000	-1,604,000	-156,000	0	-1,025,000	1,010,000	204,000	-2,000	17,000	-39,000	98,000	-12,000	27,000	-18,000	-10,000	0	-14,000	16,000	-12,000	0	0	41,000	20,000	0	0	42,000	103,000	130,000	226,000	133,000	76,000	0	0	0	0	0	7,000	34,000	-2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-152,000	-434,000	-1,637,000	-984,000	-546,000	-1,070,000	18,000	637,000	-2,524,000	1,647,000	111,000	-2,611,000	137,000	1,501,000	1,295,000	5,528,000	838,000	-640,000	-45,000	550,000	-331,000	456,000	-527,000	600,000	58,000	-94,000	-108,000	160,000	-166,000	141,000	-57,000	-259,000	-617,000	856,000	241,000	18,000	-51,000	-105,000	93,000	-78,000	-41,000	-519,000	270,000	235,000	11,000	-103,000	-332,000	429,000	21,000	20,000	-127,000	92,000	36,000	-98,000	-67,000	-159,000	215,000	-438,000	491,000	-122,000	-43,000	-142,000	-196,000	22,000	23,000	-469,000	-447,000	1,278,000	-582,000	569,000	24,000	175,000	-783,000	39,000	418,000	400,000	-322,000	49,000	151,000	-120,000	-507,000	81,992	-393,025	648,114	66,219	-633,742	3,340	135,456	-259,654	266,064	488,646	533,479	-56,171	48,141	-154,426	-257,197	30,993	37,571	101,600	-191,700	437,000	12,173	4,500	6,500	-25,900	-75,411	121,800	4,700	-22,700	25,829	-3,400	-202,500	238,300	-34,735	-53,400	91,800	-4,400	-41,238	1,800	53,200	-19,900	12,500	21,900	-38,800	-50,400
Change In Working Capital	1,237,000	310,000	6,000	817,000	392,000	279,000	-284,000	1,173,000	-5,000	865,000	396,000	-35,000	-268,000	-486,000	-1,795,000	-1,023,000	118,000	64,000	-1,137,000	1,054,000	231,000	79,000	-873,000	997,000	161,000	40,000	-767,000	998,000	128,000	-4,000	-510,000	986,000	-28,000	60,000	-551,000	853,000	137,000	7,000	-550,000	688,000	54,000	19,000	-682,000	692,000	-92,000	-1,000	-583,000	600,000	-122,000	135,000	-554,000	783,000	-126,000	103,000	-381,000	782,000	-108,000	149,000	-246,000	529,000	-276,000	-156,000	-587,000	730,000	-188,000	465,000	34,000	-63,000	34,000	109,000	-564,000	665,000	69,000	27,000	-374,000	576,000	-35,000	79,000	-327,000	618,000	143,000	154,161	-182,521	218,415	-64,055	-111,344	-61,213	146,960	-66,586	-148,234	-69,504	185,760	-129,299	69,430	-70,460	201,427	-165,885	-105,606	-68,300	168,600	-16,000	6,872	-93,600	167,400	35,000	42,362	-58,200	72,500	52,500	-25,273	-87,200	119,200	55,200	-55,799	-32,700	92,300	-3,800	-9,935	-21,100	76,000	17,100	11,900	-46,500	60,500	34,800
Change Receivables	0	0	0	0	0	0	0	-98,000	-22,000	0	0	25,000	6,000	100,000	227,000	-223,000	21,000	0	-51,000	0	-50,000	3,000	-26,000	-5,000	-30,000	7,000	7,000	-6,000	-2,000	0	5,000	-22,000	-18,000	0	0	-64,000	-21,000	0	0	-41,000	146,000	44,000	-33,000	-5,000	-134,000	0	0	0	0	0	3,000	-50,000	-71,000	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
Change To Account Receivables	-106,000	234,000	921,000	-641,000	-121,000	-37,000	-134,000	-98,000	-22,000	324,000	-371,000	-339,000	21,000	125,000	-107,000	-49,000	21,000	50,000	31,000	-148,000	-50,000	3,000	-26,000	-5,000	-30,000	7,000	7,000	-6,000	-2,000	13,000	5,000	-22,000	-18,000	27,000	62,000	-64,000	-21,000	41,000	-71,000	-41,000	146,000	44,000	-33,000	-5,000	-134,000	0	0	0	-22,000	0	0	0	-71,000	106,000	0	0	-56,000	81,000	0	12,000	6,000	0	-101,000	-91,000	-1,000	5,000	4,000	-97,000	-6,000	72,000	-9,000	43,000	-13,000	36,000	-15,000	-75,000	-2,000	35,000	-12,000	28,000	-42,000	-1,756	-39,638	-32,118	1,512	24,166	-12,598	573	-17,593	11,141	320	-4,657	-13,938	11,784	8,003	-14,919	-20,000	34,000	-12,300	-12,700	-12,300	12,500	-8,100	800	-5,100	-8,800	-1,000	-6,600	-4,800	4,100	-5,900	-5,300	2,700	-700	-800	-3,300	-7,900	5,700	4,400	-7,700	-5,300	5,800	-300	-7,500	500
Change To Inventory	-7,000	-42,000	-37,000	13,000	-19,000	-8,000	-8,000	-42,000	-37,000	-44,000	-19,000	1,000	-1,000	6,000	13,000	73,000	-15,000	57,000	17,000	-2,000	7,000	-48,000	-3,000	-17,000	1,000	-31,000	1,000	16,000	-35,000	-14,000	-1,000	20,000	-4,000	-30,000	24,000	4,000	7,000	-14,000	23,000	-3,000	-5,000	18,000	-4,000	133,000	5,000	-23,000	14,000	-3,000	-4,000	-18,000	-1,000	-16,000	-19,000	-25,000	11,000	14,000	-12,000	-7,000	17,000	9,000	8,000	33,000	-25,000	-17,000	1,000	-25,000	-13,000	-17,000	-2,000	16,000	1,000	-6,000	-16,000	1,000	-1,000	-11,000	-4,000	-18,000	-13,000	-16,000	-26,000	-8,352	-4,042	-1,618	-2,988	-241	-1,415	1,696	1,627	4,341	4,292	688	-866	129	2,338	-7,931	-2,741	-4,870	1,900	-3,400	-2,200	-1,313	2,100	-3,600	-1,100	-589	500	-1,200	-400	-2,061	900	-2,600	-700	1,002	-900	-3,200	-600	-2,377	-2,300	-1,800	-1,400	-2,900	-100	-500	-2,100
Change To Liabilities	0	0	-878,000	1,445,000	-35,000	403,000	-191,000	240,000	-89,000	585,000	-111,000	303,000	39,000	-210,000	-1,321,000	787,000	268,000	37,000	-78,000	46,000	70,000	126,000	-861,000	1,058,000	92,000	76,000	-802,000	1,006,000	175,000	475,000	-500,000	972,000	6,000	390,000	0	872,000	131,000	101,000	0	675,000	-190,000	-168,000	-713,000	564,000	-39,000	0	0	0	0	0	-563,000	813,000	-32,000	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	7,814	0	0	0	0	0	0	0	0	52,156	25,456	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	118,000	89,000	89,000	594,000	84,000	-37,000	45,000	794,000	951,000	140,000	57,000	509,000	1,148,000	2,044,000	1,009,000	21,000	2,383,000	999,000	884,000	-4,135,000	2,221,000	1,026,000	904,000	-40,000	-1,212,000	919,000	804,000	173,000	1,939,000	1,462,000	261,000	663,000	0	34,000	184,000	360,000	0	7,000	34,000	-17,000	-13,000	33,000	65,000	0	0	0	0	0	42,000	22,000	17,000	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
Change To Operating Activities	0	0	965,000	-707,000	-29,000	-79,000	-71,000	-274,000	-109,000	294,000	594,000	-364,000	-145,000	-2,938,000	-334,000	174,000	174,000	-17,000	97,000	-105,000	-149,000	64,000	100,000	-90,000	-100,000	60,000	72,000	-18,000	-10,000	-10,000	-14,000	16,000	0	100,000	0	0	0	40,000	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
Depreciation	613,000	596,000	595,000	597,000	582,000	568,000	581,000	572,000	554,000	552,000	562,000	567,000	552,000	543,000	551,000	577,000	570,000	553,000	548,000	543,000	516,000	507,000	510,000	512,000	488,000	478,000	472,000	457,000	439,000	435,000	442,000	438,000	423,000	420,000	399,000	406,000	401,000	408,000	413,000	410,000	404,000	402,000	406,000	391,000	389,000	392,000	383,000	376,000	376,000	385,000	390,000	380,000	367,000	367,000	355,000	349,000	345,000	345,000	336,000	317,000	311,000	2,185,000	-1,549,000	312,000	301,000	290,000	279,000	272,000	260,000	261,000	255,000	240,000	232,000	230,000	226,000	225,000	221,000	213,000	211,000	200,000	188,000	168,010	175,782	134,725	106,483	100,912	99,088	92,589	89,754	91,266	97,008	92,359	91,591	76,527	75,248	68,288	67,604	423,558	-63,100	-58,900	-57,900	347,368	-57,400	-46,300	-43,000	293,187	-43,200	-42,000	-40,700	252,587	-39,700	-35,100	-32,800	223,233	-32,800	-30,500	-31,500	191,095	-27,800	-26,200	-26,500	-24,100	-23,600	-23,300	-22,300
Dividends Paid	0	-20,000	0	-20,000	61,548	1,000	61,548	0	0	4,745,000	3,025,000	0	344,000	3,251,000	689,000	345,000	344,000	346,000	347,000	346,000	348,000	352,000	357,000	323,000	323,000	290,000	290,000	253,000	254,000	256,000	262,000	227,000	232,000	232,000	196,000	194,000	194,000	194,000	194,000	194,000	194,000	194,000	193,000	195,000	582,000	195,000	196,000	194,000	194,000	197,000	197,000	198,000	79,000	79,000	79,000	79,000	1,446,000	314,000	314,000	314,000	314,000	316,000	315,000	314,000	316,000	277,000	278,000	218,000	217,000	198,000	201,000	202,000	202,000	164,000	161,000	121,000	120,000	100,000	101,000	99,000	100,000	84,790	83,965	61,632	61,613	61,611	61,592	61,572	61,548	61,547	61,531	61,395	61,371	61,369	63,371	64,819	64,774	55,279	55,100	55,200	53,600	44,658	44,600	44,600	44,600	32,656	32,700	32,700	32,400	26,477	26,200	25,600	25,600	21,398	21,300	21,200	21,200	19,772	19,800	19,700	19,800	19,700	19,800	19,700	19,800
End Period Cash Flow	2,274,000	2,436,000	2,870,000	4,507,000	5,491,000	6,037,000	7,107,000	7,089,000	6,452,000	8,976,000	7,329,000	7,218,000	9,829,000	9,692,000	8,191,000	6,896,000	1,368,000	530,000	1,170,000	1,215,000	665,000	982,000	526,000	1,053,000	453,000	395,000	489,000	597,000	437,000	603,000	462,000	519,000	778,000	1,395,000	539,000	298,000	280,000	331,000	436,000	343,000	421,000	462,000	981,000	711,000	476,000	465,000	568,000	900,000	471,000	450,000	430,000	557,000	465,000	429,000	527,000	594,000	753,000	538,000	976,000	485,000	607,000	650,000	792,000	988,000	966,000	943,000	1,412,000	1,859,000	581,000	1,163,000	594,000	570,000	395,000	1,178,000	1,139,000	721,000	321,000	643,000	594,000	443,000	563,000	1,070,000	988,008	1,381,033	732,919	666,700	1,300,442	1,297,102	1,161,646	1,421,300	1,155,236	666,590	133,111	189,282	141,141	295,567	552,764	521,771	484,200	382,600	574,300	137,273	125,100	120,600	114,100	139,989	215,400	93,600	88,900	111,629	85,800	89,200	291,700	53,365	88,100	141,500	49,700	-41,238	1,800	53,200	40,300	12,500	21,900	-38,800	64,600
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-8,000	5,000	-10,000	12,000	0	-3,000	23,000	-9,000	0	8,000	6,000	-9,000	0	0	-32,000	1,000	0	0	2,000	-7,000	6,000	14,000	-3,000	-18,000	0	0	0	0	0	-8,000	-1,000	12,000	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
Free Cash Flow	-369,000	247,000	997,000	440,000	-687,000	-1,298,000	-882,000	-488,000	-3,942,000	-855,000	-1,842,000	-1,742,000	-3,277,000	-3,373,000	-3,076,000	-3,062,000	-410,000	-919,000	818,000	1,160,000	-1,013,000	147,000	766,000	396,000	490,000	376,000	1,012,000	470,000	520,000	378,000	979,000	247,000	468,000	388,000	958,000	1,076,000	-171,000	-269,000	772,000	220,000	124,000	138,000	438,000	-49,000	158,000	355,000	851,000	-594,000	55,000	489,000	402,000	-61,000	240,000	-7,000	620,000	399,000	-773,000	-266,000	743,000	-514,000	-1,000	-118,000	-66,000	107,000	115,000	-79,000	875,000	1,000	-40,000	507,000	244,000	546,000	-144,000	273,000	508,000	665,000	-13,000	-127,000	698,000	-120,000	-821,000	-81,940	-553,353	-6,381	58,674	-663,413	33,505	340,948	-228,490	20,147	343,469	2,467	46,285	105,627	-102,930	149,926	72,214	-124,560	40,800	382,700	157,800	119,227	177,600	-207,900	-147,500	-170,177	197,300	220,500	132,300	-302,382	169,100	58,500	-85,600	-36,895	-95,100	192,000	43,300	-119,253	-133,100	160,300	34,400	-373,300	99,000	133,800	-92,500
Investments	-2,163,000	-488,000	-813,000	-465,000	-1,044,000	-1,300,000	151,000	364,000	-3,032,000	446,000	1,558,000	-364,000	-1,840,000	-1,788,000	-196,000	-81,000	-1,161,000	-1,960,000	-399,000	-859,000	-6,000	-2,000	-3,000	-13,000	-21,000	-46,000	-58,000	-47,000	-52,000	-291,000	-61,000	-82,000	-88,000	-219,000	0	-53,000	-42,000	-2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	5,000	0	0	1,150,000	15,000	15,000	6,000	7,000	1,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	-2,589,000	-1,629,000	151,000	397,000	-389,000	740,000	1,796,000	2,383,000	778,000	-680,000	4,312,000	2,538,000	4,089,000	8,154,000	1,470,000	768,000	-377,000	-236,000	1,263,000	874,000	-306,000	718,000	117,000	91,000	-622,000	32,000	-290,000	711,000	-70,000	282,000	162,000	170,000	0	-815,000	346,000	-223,000	0	-156,000	32,000	-558,000	71,000	511,000	455,000	0	0	0	0	0	-65,000	386,000	-192,000	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
Net Income	-214,000	-48,000	1,074,000	-407,000	-693,000	-1,598,000	-769,000	-1,835,000	-1,891,000	-2,620,000	-2,836,000	-2,072,000	-1,973,000	-2,222,000	-2,859,000	-4,374,000	-781,000	423,000	1,780,000	451,000	336,000	493,000	1,708,000	560,000	391,000	546,000	1,330,000	378,000	352,000	608,000	1,424,000	605,000	142,000	270,000	1,216,000	222,000	49,000	-102,000	1,247,000	106,000	-15,000	66,000	934,000	41,000	37,000	93,000	1,330,000	14,000	-139,000	217,000	1,337,000	206,000	152,000	248,000	1,303,000	252,000	175,000	193,000	1,073,000	264,000	260,000	371,000	1,333,000	390,000	236,000	358,000	1,377,000	390,000	283,000	416,000	1,232,000	351,000	280,000	353,000	1,151,000	408,000	345,000	293,000	1,026,000	332,000	203,000	205,065	734,261	127,795	126,879	191,336	500,764	194,201	129,640	116,312	494,975	186,963	127,950	193,795	396,190	203,956	171,517	251,040	415,100	203,300	157,800	220,585	344,800	160,600	109,900	155,350	297,900	127,400	85,400	114,802	268,200	106,200	77,100	84,191	209,600	89,700	67,600	70,065	168,800	77,800	65,100	50,200	152,200	65,100	50,700
Other Cashflows From Financing Activities	505,000	-28,000	1,857,000	187,000	790,000	1,362,000	75,000	901,000	2,216,000	9,144,000	5,629,000	6,000	5,243,000	6,444,000	4,567,000	8,932,000	-25,000	-34,000	-6,000	-14,000	-29,000	-12,000	-13,000	-11,000	-4,000	-2,000	-4,000	-16,000	-2,000	-16,000	-4,000	-4,000	789,000	1,535,000	-264,000	-570,000	681,000	1,307,000	-363,000	926,000	344,000	713,000	192,000	-4,000	1,069,000	16,000	-598,000	942,000	256,000	3,000	1,000	565,000	-14,000	771,000	-378,000	162,000	2,895,000	829,000	308,000	2,074,000	119,000	5,000	1,143,000	2,133,000	1,720,000	865,000	-229,000	-4,000	-1,000	1,756,000	365,000	1,000	-2,000	82,000	-6,000	1,000	-2,000	1,000	-1,000	-6,000	2,000	684,973	620,399	800,124	-1	-1,645	292	-18	-173	-9,180	-4,870	1,285,132	666,081	624,161	388,453	-335,030	7,364	24	-100	1,800	-100	211,542	4,000	871,400	313,200	127,166	2,900	3,700	100	308,261	1,100	217,100	444,900	143,600	102,900	100,300	36,000	119,371	363,500	-200	100	-200	400	200,100	131,200
Other Cashflows From Investing Activities	0	0	287,000	263,000	31,000	173,000	28,000	53,000	12,000	33,000	-2,000	-44,000	26,000	-67,000	35,000	328,000	165,000	10,000	28,000	33,000	76,000	72,000	72,000	139,000	4,000	24,000	10,000	34,000	-10,000	-287,000	62,000	4,000	-41,000	-184,000	0	39,000	10,000	34,000	18,000	57,000	4,000	88,000	-69,000	4,000	74,000	560,000	564,000	541,000	19,000	50,000	28,000	-17,000	14,000	78,000	102,000	74,000	53,000	31,000	0	0	0	91,000	2,000	7,000	0	0	0	69,000	0	3,000	1,000	3,000	0	0	5,000	2,000	1,000	0	0	0	0	0	0	0	26,435	0	0	0	0	0	0	32,322	0	94,961	0	0	2,761	0	0	0	0	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	1,483,000	90,000	116,000	70,000	98,000	612,000	103,000	65,000	104,000	211,000	83,000	76,000	79,000	168,000	1,244,000	2,082,000	-73,000	13,000	17,000	-2,000	13,000	16,000	-25,000	-19,000	22,000	-1,000	16,000	16,000	20,000	27,000	24,000	13,000	9,000	15,000	9,000	12,000	4,000	11,000	15,000	4,000	5,000	9,000	11,000	-4,000	19,000	-1,194,000	1,346,000	7,000	-98,000	223,000	1,369,000	366,000	2,000	6,000	3,000	7,000	-31,000	16,000	17,000	13,000	-9,000	-1,897,000	1,856,000	10,000	24,000	-256,000	-569,000	895,000	20,000	19,000	20,000	16,000	32,000	8,000	28,000	9,000	12,000	9,000	5,000	15,000	8,000	10,334	3,051	13,111	1,504	119,701	-77,025	58,160	62,095	74,043	-57,209	8,083	76,872	-61,887	-13,885	-24,354	92,024	-305,768	129,400	131,600	124,900	-360,885	91,200	97,000	112,300	-322,319	75,600	84,400	97,400	-256,793	85,700	71,000	68,400	-187,019	67,300	62,400	65,000	-181,289	57,600	47,000	59,400	50,500	49,300	48,900	45,500
Sale Purchase Of Stock	0	20,000	27,000	-20,000	-5,000	-5,000	-82,000	-59,000	-23,000	94,000	-94,000	996,000	-12,000	12,000	220,000	558,000	-12,000	-131,000	-156,000	-42,000	-274,000	-263,000	-692,000	-295,000	-218,000	-247,000	-153,000	-83,000	-69,000	-230,000	-709,000	-485,000	-916,000	-367,000	0	0	0	0	0	0	0	0	0	-25,000	-113,000	-21,000	0	0	0	-166,000	-288,000	0	0	-10,000	-209,000	-246,000	-59,000	0	0	0	-9,000	1,000	1,150,000	0	-84,000	-219,000	-107,000	1,493,000	193,000	-48,000	-320,000	202,000	108,000	-356,000	284,000	717,000	-13,000	318,000	-198,000	538,000	457,000	0	0	0	148,238	114,038	40,163	40,179	37,560	601,715	9,872	0	0	0	-369,994	0	0	-53	100	0	5,900	0	0	0	0	0	0	0	21,500	0	0	0	0	0	0	0	0	0	0	20,300	10,000	399,900	0	0	0
Stock Based Compensation	11,000	10,000	12,000	22,000	9,000	22,000	25,000	28,000	26,000	26,000	29,000	26,000	40,000	53,000	14,000	18,000	20,000	8,000	11,000	7,000	20,000	16,000	17,000	14,000	18,000	15,000	14,000	14,000	20,000	15,000	12,000	12,000	16,000	17,000	13,000	14,000	11,000	15,000	11,000	13,000	13,000	10,000	8,000	6,000	18,000	9,000	8,000	8,000	14,000	7,000	10,000	12,000	17,000	10,000	10,000	8,000	15,000	9,000	9,000	13,000	19,000	9,000	11,000	11,000	19,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	237,000	-860,000	-2,677,000	-1,663,000	111,000	360,000	754,000	735,000	1,728,000	2,050,000	375,000	-692,000	5,216,000	4,951,000	4,274,000	8,336,000	1,089,000	257,000	-886,000	-346,000	612,000	247,000	-1,368,000	89,000	-428,000	-448,000	-1,069,000	-320,000	-615,000	-165,000	-1,045,000	-434,000	-947,000	567,000	-648,000	-1,012,000	151,000	160,000	-669,000	-357,000	-162,000	-751,000	-113,000	287,000	-203,000	-453,000	-1,220,000	533,000	-50,000	-485,000	-549,000	171,000	-230,000	-77,000	-752,000	-551,000	976,000	-216,000	-211,000	354,000	-20,000	-57,000	-34,000	-128,000	-96,000	-468,000	-982,000	1,237,000	-391,000	27,000	-221,000	-383,000	-635,000	-455,000	-150,000	-5,000	-282,000	205,000	-549,000	23,000	242,000	125,858	157,998	563,738	-21,594	15,499	-162,515	-19,015	-32,334	268,906	-319,531	483,826	-96,047	184,973	-45,514	-399,011	-60,445	-198,946	-104,800	-199,800	468,700	133,197	-204,400	174,100	123,600	52,381	-40,900	-215,500	-190,300	231,266	-249,200	-151,100	305,000	57,134	48,700	-114,200	-51,500	81,615	114,400	-115,400	-58,700	351,100	-168,200	-71,000	58,700
Total Cash From Operating Activities	1,769,000	922,000	1,834,000	1,137,000	388,000	-117,000	-344,000	3,000	-1,212,000	-368,000	-879,000	-1,359,000	-1,503,000	-1,652,000	-2,845,000	-2,720,000	916,000	1,062,000	1,245,000	2,053,000	1,116,000	1,113,000	1,349,000	2,023,000	1,064,000	1,024,000	1,449,000	1,917,000	932,000	1,024,000	1,429,000	1,883,000	798,000	978,000	1,281,000	1,515,000	771,000	637,000	1,120,000	1,196,000	477,000	475,000	803,000	1,157,000	399,000	523,000	1,018,000	1,136,000	322,000	750,000	1,215,000	1,389,000	412,000	734,000	1,290,000	1,398,000	396,000	712,000	1,189,000	1,136,000	305,000	512,000	1,064,000	1,442,000	373,000	857,000	1,121,000	1,494,000	597,000	805,000	943,000	1,272,000	613,000	618,000	1,031,000	1,218,000	543,000	594,000	915,000	1,165,000	542,000	537,570	730,573	494,046	170,811	300,605	461,614	491,910	214,903	133,387	465,270	473,165	167,114	277,865	387,093	449,317	165,260	263,224	413,100	444,600	208,800	213,940	285,000	378,700	214,200	168,580	272,100	242,300	194,600	85,323	227,000	261,300	167,900	64,606	211,400	213,900	97,300	69,936	177,500	174,600	115,100	88,500	131,400	151,200	108,700
Total Cashflows From Investing Activities	0	0	-2,322,000	-1,509,000	-1,044,000	-4,767,000	-360,000	-75,000	-3,032,000	-8,000	620,000	-566,000	-3,589,000	-1,788,000	-196,000	-95,000	-1,161,000	-1,960,000	-399,000	-859,000	-2,059,000	-896,000	-514,000	-1,501,000	-591,000	-670,000	-485,000	-1,460,000	-474,000	-3,323,000	-449,000	-1,714,000	-459,000	-2,478,000	-1,805,000	-453,000	-974,000	-2,507,000	-1,617,000	-919,000	-349,000	-249,000	-434,000	-1,206,000	-167,000	-1,772,000	-1,600,000	-1,456,000	-248,000	-2,646,000	-785,000	-1,467,000	-158,000	-3,501,000	-2,736,000	-2,094,000	-1,116,000	-3,384,000	-2,454,000	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

Income Statement

Currency in USD. All numbers in thousands.

	2023-11-30	2022-11-30	2021-11-30	2020-11-30	2019-11-30	2018-11-30	2017-11-30	2016-11-30	2015-11-30	2014-11-30	2013-11-30	2012-11-30	2011-11-30	2010-11-30	2009-11-30	2008-11-30	2007-11-30	2006-11-30	2005-11-30	2004-11-30	2003-11-30	2002-11-30	2001-11-30	2000-11-30	1999-11-30	1998-11-30	1997-11-30	1996-11-30	1995-11-30	1994-11-30	1993-11-30	1992-11-30	1991-11-30	1990-11-30	1989-11-30	1988-11-30	1987-11-30	1986-11-30
Cost Of Revenue	14,317,000	11,757,000	4,655,000	8,245,000	12,909,000	11,089,000	10,501,000	9,383,000	9,447,000	10,403,000	10,624,000	10,320,000	10,299,000	9,092,000	8,104,000	9,039,000	7,628,000	6,791,000	6,217,000	5,457,000	3,818,000	2,311,919	2,468,730	2,058,342	1,862,636	1,619,377	1,322,669	1,241,269	1,131,113	1,028,475	907,900	865,600	810,300	815,100	659,900	326,900	305,100	232,500
Depreciation And Amortization	2,370,000	2,183,000	2,297,000	3,844,000	2,150,000	2,017,000	1,846,000	1,738,000	1,626,000	1,635,000	1,588,000	1,527,000	1,522,000	1,416,000	1,309,000	1,249,000	1,101,000	988,000	902,000	812,000	585,000	382,343	372,224	287,667	243,658	200,668	167,287	144,987	128,433	110,595	-93,300	-88,800	-85,200	89,900	66,700	27,500	24,500	16,600
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Ebit	2,115,000	-4,378,000	-7,089,000	-8,865,000	3,276,000	3,342,000	2,918,000	3,098,000	2,592,000	1,804,000	1,368,000	1,818,000	2,266,000	2,359,000	2,168,000	2,764,000	2,726,000	2,621,000	2,646,000	2,178,000	1,375,000	1,029,577	1,095,605	936,670	931,376	832,916	655,543	528,047	480,308	462,873	524,000	482,800	474,000	260,000	221,900	117,800	138,100	97,300
Ebitda	4,485,000	-2,195,000	-4,792,000	-5,021,000	5,426,000	5,359,000	4,764,000	4,836,000	4,218,000	3,439,000	2,956,000	3,345,000	3,788,000	3,775,000	3,477,000	4,013,000	3,827,000	3,609,000	3,548,000	2,990,000	1,960,000	1,411,920	1,467,829	1,224,337	1,175,034	1,033,584	822,830	673,034	608,741	573,468	430,700	394,000	388,800	349,900	288,600	145,300	162,600	113,900
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	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Gross Profit	7,276,000	412,000	-2,747,000	-2,651,000	7,916,000	7,792,000	7,009,000	7,006,000	6,267,000	5,481,000	4,832,000	5,062,000	5,494,000	5,377,000	5,053,000	5,607,000	5,405,000	5,048,000	4,870,000	4,270,000	2,900,000	2,056,350	2,067,021	1,720,200	1,634,834	1,389,929	1,124,799	971,303	867,037	777,541	649,000	608,000	594,400	576,200	487,800	272,800	259,000	188,300
Income Before Tax	-62,000	-6,080,000	-9,522,000	-10,253,000	3,060,000	3,207,000	2,666,000	2,828,000	1,799,000	1,245,000	1,072,000	1,302,000	1,912,000	1,979,000	1,806,000	2,377,000	2,424,000	2,318,000	2,330,000	1,901,000	1,223,000	959,379	913,943	966,552	1,030,018	839,700	672,283	575,347	460,465	391,818	323,700	290,800	262,800	210,700	200,000	158,000	152,100	101,200
Income Tax Expense	13,000	14,000	-21,000	-17,000	71,000	54,000	60,000	49,000	42,000	9,000	-6,000	4,000	365,000	1,000	16,000	47,000	16,000	39,000	73,000	47,000	29,000	-56,562	-12,257	1,094	2,778	3,815	6,233	9,045	9,374	10,053	5,500	9,000	9,000	4,500	6,400	-38,400	-700	3,500
Interest Expense	2,066,000	1,609,000	1,601,000	895,000	206,000	194,000	198,000	223,000	217,000	288,000	319,000	336,000	365,000	378,000	380,000	414,000	367,000	312,000	330,000	289,000	130,200	110,740	120,692	41,372	46,956	57,772	55,898	22,081	29,573	51,856	0	0	168,800	0	0	0	0	0
Interest Income	233,000	1,535,000	2,259,000	18,000	183,000	14,000	9,000	264,000	785,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
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	0	-	-	-	-	-
Net Income	-74,000	-6,094,000	-9,501,000	-10,236,000	2,990,000	3,152,000	2,606,000	2,779,000	1,757,000	1,236,000	1,078,000	1,298,000	1,912,000	1,978,000	1,790,000	2,330,000	2,408,000	2,279,000	2,257,000	1,854,000	1,194,000	1,015,941	926,200	965,458	1,027,240	835,885	666,050	566,302	451,091	381,765	318,200	276,600	85,000	206,200	193,600	196,400	152,800	97,700
Net Income Applicable To Common Shares	-74,000	-6,093,000	-9,501,000	-10,236,000	2,990,000	3,152,000	2,606,000	2,779,000	1,757,000	1,236,000	1,078,000	1,298,000	1,912,000	1,978,000	1,790,000	2,330,000	2,408,000	2,279,000	2,257,000	1,854,000	1,194,000	1,015,941	926,200	965,458	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Income From Continuing Ops	-75,000	-6,094,000	-9,501,000	-10,236,000	2,989,000	3,153,000	2,606,000	2,779,000	1,757,000	1,216,000	1,078,000	1,298,000	0	1,978,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Net Interest Income	-1,833,000	-1,535,000	-1,589,000	-877,000	-183,000	-180,000	-189,000	-217,000	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	-	-	-	-	-
Non Operating Income Net Other	0	-92,000	-831,000	-493,000	0	76,000	55,000	0	-558,000	0	39,000	-4,000	0	10,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Non Recurring	0	0	226,000	2,096,000	0	0	89,000	89,000	89,000	0	0	173,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Operating Income	1,956,000	-4,378,000	-7,089,000	-8,865,000	3,276,000	3,325,000	2,809,000	3,071,000	2,574,000	1,792,000	1,352,000	1,642,000	2,255,000	2,347,000	2,154,000	2,729,000	2,725,000	2,613,000	2,639,000	2,173,000	1,383,000	1,042,059	891,731	982,958	1,019,699	896,524	714,070	597,428	490,038	443,674	524,000	482,800	474,000	260,000	221,900	117,800	138,100	97,300
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Operating Expenses	19,637,000	16,547,000	8,773,000	12,364,000	17,549,000	15,556,000	14,612,000	13,318,000	13,140,000	14,092,000	14,091,000	13,567,000	13,538,000	12,122,000	11,003,000	11,917,000	10,308,000	9,226,000	8,448,000	7,554,000	5,335,000	3,306,210	3,459,618	2,833,412	2,553,529	2,189,514	1,786,489	1,661,111	1,508,112	1,362,342	1,209,200	1,148,700	1,088,800	1,121,800	906,900	441,700	412,000	319,600
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Reconciled Depreciation	2,370,000	2,275,000	2,233,000	2,241,000	2,160,000	2,017,000	1,846,000	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	-	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Selling And Marketing Expenses	0	2,515,000	1,885,000	1,878,000	2,480,000	2,450,000	2,265,000	2,197,000	2,067,000	2,054,000	1,879,000	1,720,000	1,717,000	0	1,590,000	0	1,579,000	1,447,000	1,335,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Selling General Administrative	2,950,000	2,515,000	1,885,000	1,878,000	2,480,000	2,450,000	2,265,000	2,197,000	2,067,000	2,054,000	1,879,000	1,720,000	1,717,000	1,614,000	1,590,000	1,629,000	1,579,000	1,447,000	1,329,000	1,285,000	533,700	611,948	618,664	487,403	447,235	369,469	296,533	274,855	248,566	223,272	208,000	194,300	193,300	216,800	180,300	87,300	82,400	70,500
Tax Provision	13,000	14,000	-21,000	-17,000	71,000	54,000	60,000	49,000	42,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Total Operating Expenses	5,320,000	4,790,000	4,118,000	4,119,000	4,640,000	4,467,000	4,111,000	3,935,000	3,693,000	3,689,000	3,467,000	3,247,000	3,239,000	3,030,000	2,899,000	2,878,000	2,680,000	2,435,000	2,231,000	2,097,000	1,517,000	994,291	990,888	775,070	690,893	570,137	463,820	419,842	376,999	333,867	301,300	283,100	278,500	306,700	247,000	114,800	106,900	87,100
Total Other Income Expense Net	-186,000	-1,702,000	-2,433,000	-1,388,000	-216,000	62,000	-43,000	-26,000	-566,000	-267,000	15,000	-187,000	11,000	-2,000	18,000	27,000	-1,000	-8,000	-7,000	-5,000	8,000	32,482	-19,472	8,460	12,565	-13,124	5,436	23,414	9,730	-19,199	10,300	19,700	12,300	9,500	18,900	40,200	14,000	3,900
Total Revenue	21,593,000	12,169,000	1,908,000	5,594,000	20,825,000	18,881,000	17,510,000	16,389,000	15,714,000	15,884,000	15,456,000	15,382,000	15,793,000	14,469,000	13,157,000	14,646,000	13,033,000	11,839,000	11,087,000	9,727,000	6,718,000	4,368,269	4,535,751	3,778,542	3,497,470	3,009,306	2,447,468	2,212,572	1,998,150	1,806,016	1,556,900	1,473,600	1,404,700	1,391,300	1,147,700	599,700	564,100	420,800

	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-08-31	2013-05-31	2013-02-28	2012-11-30	2012-08-31	2012-05-31	2012-02-29	2011-11-30	2011-08-31	2011-05-31	2011-02-28	2010-11-30	2010-08-31	2010-05-31	2010-02-28	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-11-30	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-11-30	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-02-28	2004-11-30	2004-08-31	2004-05-31	2004-02-29	2003-11-30	2003-08-31	2003-05-31	2003-02-28	2002-11-30	2002-08-31	2002-05-31	2002-02-28	2001-11-30	2001-08-31	2001-05-31	2001-02-28	2000-11-30	2000-08-31	2000-05-31	2000-02-29	1999-11-30	1999-08-31	1999-05-31	1999-02-28	1998-11-30	1998-08-31	1998-05-31	1998-02-28	1997-11-30	1997-08-31	1997-05-31	1997-02-28	1996-11-30	1996-08-31	1996-05-31	1996-02-29	1995-11-30	1995-08-31	1995-05-31	1995-02-28	1994-11-30	1994-08-31	1994-05-31	1994-02-28	1993-11-30	1993-08-31	1993-05-31	1993-02-28	1992-11-30	1992-08-31	1992-05-31	1992-02-29	1991-11-30	1991-08-31	1991-05-31	1991-02-28	1990-11-30	1990-08-31	1990-05-31	1990-02-28	1989-11-30	1989-08-31	1989-05-31	1989-02-28	1988-11-30	1988-08-31	1988-05-31	1988-02-29	1987-11-30	1987-08-31	1987-05-31	1987-02-28	1986-11-30	1986-08-31	1986-05-31	1986-02-28
Cost Of Revenue	4,318,000	3,629,000	3,921,000	3,457,000	3,311,000	3,665,000	3,379,000	2,683,000	2,030,000	1,823,000	1,616,000	681,000	535,000	689,000	1,549,000	2,484,000	3,523,000	3,077,000	3,532,000	3,159,000	3,142,000	2,741,000	2,958,000	2,681,000	2,709,000	2,617,000	3,013,000	2,436,000	2,435,000	2,319,000	2,563,000	2,258,000	2,243,000	2,218,000	2,490,000	2,404,000	2,335,000	2,497,000	2,754,000	2,565,000	2,588,000	2,620,000	2,917,000	2,487,000	2,599,000	2,552,000	2,597,000	2,478,000	2,694,000	2,569,000	2,814,000	2,521,000	2,395,000	7,113,000	776,000	2,093,000	2,099,000	2,143,000	2,226,000	1,885,000	1,850,000	2,132,000	2,634,000	2,159,000	2,114,000	1,985,000	2,189,000	1,763,000	1,691,000	1,680,000	1,975,000	1,620,000	1,487,000	1,533,000	1,790,000	1,470,000	1,423,000	1,341,000	1,569,000	1,329,000	1,216,000	1,090,934	1,279,645	819,981	615,194	578,056	682,243	533,455	518,165	2,424,706	820,767	22,961	21,063	2,053,981	614,724	497,121	11,437	434,336	579,700	432,400	416,100	409,077	540,300	362,400	307,600	299,969	388,100	337,700	296,900	278,869	396,200	302,500	263,700	265,813	352,100	265,900	247,200	237,775	314,500	245,800	230,300	195,100	281,100	232,500	199,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation And Amortization	613,000	596,000	596,000	597,000	582,000	551,000	581,000	584,000	525,000	552,000	562,000	567,000	552,000	543,000	551,000	577,000	570,000	554,000	548,000	542,000	516,000	506,000	510,000	512,000	488,000	477,000	473,000	456,000	439,000	435,000	443,000	437,000	423,000	419,000	399,000	406,000	401,000	407,000	414,000	409,000	404,000	403,000	406,000	391,000	389,000	392,000	383,000	376,000	376,000	385,000	390,000	380,000	367,000	367,000	355,000	349,000	345,000	345,000	336,000	317,000	311,000	2,185,000	323,000	312,000	301,000	290,000	279,000	272,000	260,000	261,000	255,000	240,000	232,000	230,000	226,000	225,000	221,000	213,000	211,000	200,000	188,000	168,010	175,782	134,725	106,483	100,912	99,088	92,589	89,754	91,266	97,008	92,359	91,591	76,527	75,248	68,288	67,604	423,558	-63,100	-58,900	-57,900	347,368	-57,400	-46,300	-43,000	293,187	-43,200	-42,000	-40,700	252,587	-39,700	-35,100	-32,800	223,233	-32,800	-30,500	-31,500	191,095	-27,800	-26,200	-26,500	-24,100	-23,600	-23,300	-22,300	875,800	-353,000	-288,900	-282,000	671,200	-376,100	-263,600	-262,400	844,500	-375,700	-297,900	-234,200	702,100	-320,800	-243,100	-185,500	353,400	-101,300	-106,700	-106,900	320,500	-110,000	-114,500	-95,300	242,600	-82,000	-82,000	-82,100
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebit	275,000	426,000	1,664,000	171,000	-147,000	-1,135,000	-337,000	-1,473,000	-1,491,000	-1,752,000	-2,065,000	-1,623,000	-1,581,000	-1,889,000	-2,551,000	-2,839,000	16,000	486,000	1,879,000	513,000	389,000	557,000	1,790,000	572,000	422,000	554,000	1,499,000	487,000	378,000	613,000	1,562,000	493,000	431,000	519,000	1,500,000	296,000	278,000	261,000	1,301,000	168,000	74,000	108,000	960,000	150,000	150,000	177,000	1,297,000	256,000	94,000	311,000	1,436,000	282,000	237,000	348,000	1,405,000	352,000	259,000	298,000	1,200,000	355,000	315,000	455,000	1,493,000	494,000	310,000	424,000	1,489,000	460,000	353,000	467,000	1,341,000	449,000	391,000	442,000	1,314,000	479,000	411,000	343,000	1,162,000	412,000	260,000	274,623	803,797	178,998	117,581	166,151	497,872	226,362	139,192	226,092	534,991	204,613	121,838	174,516	-195,814	-317,579	150,621	1,602,176	-57,900	-119,000	-133,900	1,385,216	-77,300	-102,300	-79,200	1,129,743	-7,000	-111,300	-104,100	1,068,847	-81,200	-126,600	-117,900	967,308	-76,100	-112,400	-108,700	96,973	267,400	136,300	123,000	100,300	216,000	114,100	93,500	-837,800	487,800	346,000	328,800	-783,200	499,200	307,000	292,900	-825,300	482,900	352,500	259,400	-680,800	405,200	284,700	231,800	-311,300	157,600	158,700	152,900	-286,100	160,100	156,700	121,400	-214,400	105,200	105,200	105,200
Ebitda	888,000	1,022,000	2,260,000	768,000	435,000	-584,000	244,000	-889,000	-966,000	-1,200,000	-1,503,000	-1,056,000	-1,029,000	-1,346,000	-2,000,000	-2,262,000	586,000	1,040,000	2,427,000	1,055,000	905,000	1,063,000	2,300,000	1,084,000	910,000	1,031,000	1,972,000	943,000	817,000	1,048,000	2,005,000	930,000	854,000	938,000	1,899,000	702,000	679,000	668,000	1,715,000	577,000	478,000	511,000	1,366,000	541,000	539,000	569,000	1,680,000	632,000	470,000	696,000	1,826,000	662,000	604,000	715,000	1,760,000	701,000	604,000	643,000	1,536,000	672,000	626,000	2,640,000	1,816,000	806,000	611,000	714,000	1,768,000	732,000	613,000	728,000	1,596,000	689,000	623,000	672,000	1,540,000	704,000	632,000	556,000	1,373,000	612,000	448,000	442,633	979,579	313,723	224,064	267,063	596,960	318,951	228,946	317,358	631,999	296,972	213,429	251,043	-120,566	-249,291	218,225	2,025,734	-121,000	-177,900	-191,800	1,732,584	-134,700	-148,600	-122,200	1,422,930	-50,200	-153,300	-144,800	1,321,434	-120,900	-161,700	-150,700	1,190,541	-108,900	-142,900	-140,200	288,068	239,600	110,100	96,500	76,200	192,400	90,800	71,200	-837,800	487,800	346,000	328,800	-783,200	499,200	307,000	292,900	-825,300	482,900	352,500	259,400	-680,800	405,200	284,700	231,800	-311,300	157,600	158,700	152,900	-286,100	160,100	156,700	121,400	-214,400	105,200	105,200	105,200
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,088,000	1,767,000	2,933,000	1,454,000	1,122,000	174,000	927,000	-282,000	-407,000	-536,000	-1,070,000	-632,000	-509,000	-656,000	-1,518,000	-1,744,000	1,267,000	1,705,000	3,000,000	1,679,000	1,532,000	1,715,000	2,878,000	1,676,000	1,523,000	1,642,000	2,502,000	1,509,000	1,356,000	1,616,000	2,534,000	1,447,000	1,408,000	1,493,000	2,393,000	1,186,000	1,196,000	1,221,000	2,193,000	1,068,000	997,000	1,039,000	1,809,000	992,000	994,000	1,027,000	2,087,000	1,060,000	888,000	1,127,000	2,244,000	1,099,000	1,024,000	-3,360,000	3,650,000	1,102,000	996,000	1,063,000	1,913,000	1,063,000	1,014,000	1,170,000	2,180,000	1,219,000	1,038,000	1,139,000	2,132,000	1,137,000	997,000	1,130,000	1,930,000	1,042,000	974,000	1,034,000	1,815,000	1,049,000	973,000	901,000	1,676,000	927,000	764,000	725,815	1,244,095	514,635	415,911	457,625	755,412	455,702	387,611	-1,465,604	669,151	1,056,164	986,543	-1,203,655	613,487	378,006	813,441	349,534	589,400	363,700	332,200	319,529	521,200	299,000	250,200	224,399	417,300	258,900	224,200	196,103	375,800	214,300	185,100	187,137	320,500	186,900	172,600	172,741	286,300	163,600	155,000	130,600	248,200	145,700	124,400	310,900	487,800	346,000	328,800	305,600	499,200	307,000	292,900	296,500	482,900	352,500	259,400	226,100	405,200	284,700	231,800	130,400	157,600	158,700	152,900	125,900	160,100	156,700	121,400	105,200	105,200	105,200	105,200
Income Before Tax	-214,000	-39,000	1,065,000	-402,000	-686,000	-1,601,000	-759,000	-1,831,000	-1,888,000	-2,624,000	-2,859,000	-2,060,000	-1,979,000	-2,237,000	-2,861,000	-4,385,000	-770,000	437,000	1,827,000	459,000	338,000	508,000	1,744,000	564,000	390,000	560,000	1,368,000	384,000	354,000	613,000	1,465,000	607,000	143,000	271,000	1,250,000	226,000	52,000	-95,000	1,247,000	107,000	-14,000	57,000	935,000	41,000	39,000	94,000	1,336,000	14,000	-141,000	209,000	1,342,000	204,000	157,000	255,000	1,313,000	251,000	160,000	201,000	1,097,000	270,000	238,000	370,000	1,385,000	396,000	226,000	348,000	1,416,000	381,000	279,000	413,000	1,263,000	377,000	294,000	383,000	1,196,000	409,000	342,000	284,000	1,085,000	332,000	199,000	214,229	762,628	124,268	121,876	171,246	472,091	188,065	127,979	102,360	501,351	184,049	122,793	191,063	401,807	206,495	176,269	248,218	428,400	200,500	153,000	218,500	357,500	158,000	105,600	152,983	312,800	125,100	81,400	112,847	284,100	104,800	73,600	82,465	226,000	89,300	62,800	68,918	186,300	76,000	60,800	48,600	166,700	62,400	46,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense	0	9,000	-9,000	5,000	7,000	-3,000	11,000	3,000	3,000	-4,000	-23,000	12,000	-6,000	-15,000	-2,000	-11,000	11,000	14,000	47,000	8,000	2,000	14,000	37,000	3,000	-1,000	14,000	39,000	5,000	2,000	4,000	41,000	2,000	1,000	1,000	34,000	4,000	3,000	7,000	70,000	1,000	1,000	-9,000	1,000	73,000	2,000	1,000	6,000	87,000	-2,000	-8,000	5,000	-2,000	5,000	7,000	10,000	-1,000	-15,000	8,000	24,000	6,000	-22,000	-1,000	52,000	6,000	-10,000	-10,000	39,000	-9,000	-4,000	-3,000	31,000	-3,000	14,000	30,000	45,000	73,000	-3,000	-9,000	60,000	73,000	-4,000	9,164	28,367	-3,527	-5,003	-20,090	-28,673	-6,136	-1,661	-13,952	6,376	-2,914	-5,157	-2,732	5,617	2,539	4,752	-2,822	13,300	-2,800	-4,800	-2,085	12,700	-2,600	-4,300	-2,367	14,900	-2,300	-4,000	-1,955	16,000	-1,500	-3,500	-1,726	16,500	-500	-4,800	-1,147	17,500	-1,900	-4,300	-1,600	14,500	-2,700	-4,700	-38,000	-134,800	-57,100	-46,800	112,000	-123,100	-43,400	-30,500	-19,200	-107,200	-54,600	-25,200	-21,300	-84,400	-41,600	-46,300	-42,100	-56,300	-52,000	-46,000	-34,400	-50,100	-42,200	-26,100	-28,200	-23,200	-23,200	-23,100
Interest Expense	471,000	466,000	518,000	542,000	539,000	448,000	422,000	370,000	368,000	348,000	418,000	437,000	398,000	348,000	310,000	182,000	55,000	49,000	52,000	54,000	51,000	47,000	49,000	49,000	48,000	48,000	49,000	50,000	51,000	55,000	61,000	57,000	52,000	50,000	53,000	57,000	57,000	76,000	69,000	72,000	72,000	82,000	76,000	78,000	83,000	77,000	84,000	87,000	88,000	92,000	96,000	91,000	86,000	93,000	90,000	99,000	96,000	99,000	95,000	90,000	96,000	106,000	108,000	102,000	84,000	75,000	74,000	78,000	74,000	63,000	77,000	71,000	97,000	65,000	95,000	87,000	76,000	63,000	75,000	73,000	61,000	60,394	46,103	54,730	10,434	16,166	16,333	32,346	17,833	17,177	76,005	23,858	16,148	17,500	18,651	12,076	16,751	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Income	33,000	50,000	459,000	69,000	483,000	408,000	398,000	6,000	3,000	644,000	791,000	433,000	3,000	3,000	307,000	6,000	5,000	42,000	8,000	5,000	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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-214,000	-48,000	1,074,000	-407,000	-693,000	-1,598,000	-770,000	-1,834,000	-1,891,000	-2,620,000	-2,836,000	-2,072,000	-1,973,000	-2,222,000	-2,858,000	-4,374,000	-781,000	423,000	1,780,000	451,000	336,000	494,000	1,707,000	561,000	391,000	546,000	1,329,000	379,000	352,000	609,000	1,424,000	605,000	142,000	270,000	1,216,000	222,000	49,000	-102,000	1,247,000	106,000	-15,000	66,000	934,000	41,000	37,000	93,000	1,330,000	14,000	-139,000	217,000	1,337,000	206,000	152,000	248,000	1,303,000	252,000	175,000	193,000	1,073,000	264,000	260,000	371,000	1,333,000	390,000	236,000	358,000	1,377,000	390,000	283,000	416,000	1,232,000	380,000	280,000	353,000	1,151,000	409,000	345,000	293,000	1,025,000	332,000	203,000	205,065	734,261	127,795	126,879	191,336	500,764	194,201	129,640	116,312	494,975	186,963	127,950	193,795	396,190	203,956	171,517	251,040	415,100	203,300	157,800	220,585	344,800	160,600	109,900	155,350	297,900	127,400	85,400	114,802	268,100	106,300	77,100	84,191	209,500	89,800	67,600	70,065	168,800	77,900	65,100	50,200	152,200	65,100	50,700	38,000	134,800	57,100	46,800	-112,000	123,100	43,400	30,500	19,200	107,200	54,600	25,200	21,300	84,400	41,600	46,300	42,100	56,300	52,000	46,000	34,400	50,100	42,200	26,100	28,200	23,200	23,200	23,100
Net Income Applicable To Common Shares	0	-48,000	1,074,000	-407,000	-693,000	-1,598,000	-770,000	-1,834,000	-1,891,000	-2,620,000	-2,836,000	-2,072,000	-1,973,000	-2,223,000	-2,858,000	-4,374,000	-781,000	423,000	1,780,000	451,000	336,000	493,000	1,707,000	561,000	391,000	546,000	1,329,000	379,000	352,000	608,000	1,424,000	605,000	142,000	270,000	1,216,000	222,000	49,000	-5,000	1,241,000	106,000	-15,000	66,000	934,000	41,000	37,000	93,000	1,330,000	14,000	0	217,000	1,337,000	206,000	152,000	248,000	1,303,000	252,000	175,000	193,000	1,073,000	264,000	260,000	371,000	1,333,000	390,000	236,000	358,000	1,377,000	390,000	283,000	416,000	1,232,000	380,000	251,000	336,000	1,181,000	388,000	348,000	293,000	1,026,000	332,000	203,000	205,065	734,261	127,674	127,000	191,395	500,764	194,201	129,640	116,312	494,975	186,963	127,950	193,795	396,190	203,956	171,517	0	0	0	0	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	-214,000	-48,000	1,074,000	-407,000	-693,000	-1,598,000	-770,000	-1,834,000	-1,891,000	-2,620,000	-2,836,000	-2,072,000	-1,973,000	-2,222,000	-2,859,000	-4,374,000	-781,000	421,000	1,780,000	451,000	336,000	495,000	1,707,000	561,000	390,000	546,000	1,329,000	379,000	352,000	3,170,000	1,424,000	605,000	142,000	1,757,000	0	222,000	49,000	1,216,000	0	106,000	-15,000	66,000	934,000	41,000	37,000	0	0	0	0	0	1,337,000	206,000	152,000	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-438,000	-416,000	-459,000	-473,000	-483,000	-408,000	-398,000	-364,000	-365,000	-346,000	-415,000	-433,000	-395,000	-345,000	-307,000	-176,000	-50,000	-42,000	-44,000	-49,000	-47,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	21,000	0	0	0	12,000	-29,000	0	0	-7,000	-58,000	-247,000	-218,000	-26,000	-2,000	0	-11,000	-2,000	2,000	2,000	0	54,000	20,000	60,000	24,000	-66,000	37,000	0	-36,000	186,000	-239,000	0	0	-6,000	-157,000	0	0	24,000	-14,000	35,000	60,000	-33,000	-23,000	0	0	0	0	0	5,000	16,000	8,000	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	4,191,000	0	-1,364,000	-731,000	0	0	0	0	0	0	0	0	0	89,000	-267,000	89,000	89,000	0	0	0	89,000	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	275,000	384,000	1,624,000	171,000	-147,000	-1,135,000	-337,000	-1,473,000	-1,491,000	-1,893,000	-2,057,000	-1,616,000	-1,524,000	-1,642,000	-2,333,000	-4,177,000	-713,000	484,000	1,890,000	515,000	386,000	552,000	1,794,000	559,000	419,000	548,000	1,393,000	500,000	368,000	597,000	1,562,000	478,000	434,000	510,000	1,510,000	289,000	266,000	267,000	1,298,000	155,000	72,000	104,000	951,000	152,000	145,000	176,000	1,295,000	253,000	-82,000	308,000	1,433,000	279,000	235,000	341,000	1,402,000	349,000	255,000	294,000	1,196,000	353,000	311,000	450,000	1,485,000	482,000	312,000	423,000	1,490,000	459,000	353,000	476,000	1,340,000	448,000	377,000	448,000	1,291,000	482,000	418,000	347,000	1,160,000	405,000	260,000	274,117	808,731	167,842	132,310	187,412	488,424	220,411	145,812	119,537	425,346	207,907	138,941	208,563	420,458	194,419	159,518	1,602,176	-57,900	-119,000	-133,900	1,385,216	-77,300	-102,300	-79,200	1,129,743	-7,000	-111,300	-104,100	1,068,847	-81,200	-126,600	-117,900	967,308	-76,100	-112,400	-108,700	96,973	267,400	136,300	123,000	100,300	216,000	114,100	93,500	-837,800	487,800	346,000	328,800	-783,200	499,200	307,000	292,900	-825,300	482,900	352,500	259,400	-680,800	405,200	284,700	231,800	-311,300	157,600	158,700	152,900	-286,100	160,100	156,700	121,400	-214,400	105,200	105,200	105,200
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,131,000	5,013,000	5,230,000	4,790,000	4,605,000	4,974,000	4,585,000	3,874,000	3,114,000	2,955,000	2,603,000	1,665,000	1,549,000	1,675,000	2,365,000	3,553,000	4,771,000	4,298,000	4,643,000	4,322,000	4,287,000	3,903,000	4,042,000	3,798,000	3,813,000	3,710,000	4,033,000	3,445,000	3,423,000	3,338,000	3,535,000	3,227,000	3,217,000	3,201,000	3,373,000	3,301,000	3,265,000	3,451,000	3,649,000	3,478,000	3,513,000	3,555,000	3,762,000	3,327,000	3,448,000	3,403,000	3,389,000	3,285,000	3,491,000	3,388,000	3,625,000	3,341,000	3,184,000	3,412,000	3,024,000	2,846,000	2,840,000	2,912,000	2,943,000	2,595,000	2,553,000	2,852,000	3,329,000	2,896,000	2,840,000	2,701,000	2,831,000	2,441,000	2,335,000	2,334,000	2,565,000	2,214,000	2,084,000	2,119,000	2,314,000	2,037,000	1,978,000	1,895,000	2,085,000	1,851,000	1,720,000	1,542,632	1,715,009	1,166,774	898,795	848,269	929,231	768,746	759,964	756,552	963,183	871,218	868,665	679,591	1,424,025	1,183,357	665,360	809,171	1,332,400	1,029,200	1,000,900	640,386	1,236,800	856,100	737,000	606,511	884,900	794,100	714,000	580,489	901,100	709,100	631,500	505,188	800,500	622,400	590,100	329,642	395,800	323,600	313,300	271,900	357,400	308,000	271,900	1,148,700	-	-	-	1,088,800	-	-	-	1,121,800	-	-	-	906,900	-	-	-	441,700	-	-	-	412,000	-	-	-	319,600	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	613,000	596,000	596,000	597,000	89,754	568,000	581,000	572,000	554,000	552,000	562,000	567,000	552,000	543,000	551,000	577,000	570,000	553,000	548,000	543,000	516,000	507,000	510,000	512,000	488,000	478,000	472,000	457,000	439,000	435,000	442,000	438,000	423,000	420,000	399,000	406,000	401,000	408,000	413,000	410,000	404,000	402,000	406,000	391,000	389,000	392,000	383,000	376,000	376,000	385,000	390,000	380,000	367,000	367,000	355,000	349,000	345,000	345,000	336,000	317,000	311,000	2,185,000	-1,549,000	312,000	301,000	290,000	279,000	272,000	260,000	261,000	255,000	240,000	232,000	230,000	226,000	225,000	221,000	213,000	211,000	200,000	188,000	168,010	175,782	134,725	106,483	100,912	99,088	92,589	89,754	91,266	97,008	92,359	91,591	76,527	75,248	68,288	67,604	423,558	-63,100	-58,900	-57,900	347,368	-57,400	-46,300	-43,000	293,187	-43,200	-42,000	-40,700	252,587	-39,700	-35,100	-32,800	223,233	-32,800	-30,500	-31,500	191,095	-27,800	-26,200	-26,500	-24,100	-23,600	-23,300	-22,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	0	0	713,000	736,000	712,000	741,000	625,000	619,000	530,000	580,000	425,000	417,000	462,000	443,000	265,000	492,000	678,000	667,000	563,000	621,000	629,000	656,000	573,000	605,000	616,000	616,000	547,000	553,000	549,000	584,000	529,000	532,000	551,000	564,000	484,000	491,000	529,000	547,000	481,000	504,000	521,000	532,000	439,000	449,000	460,000	459,000	409,000	431,000	421,000	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	813,000	788,000	713,000	736,000	712,000	741,000	625,000	619,000	530,000	580,000	425,000	417,000	462,000	443,000	265,000	492,000	678,000	667,000	563,000	621,000	629,000	656,000	573,000	605,000	616,000	616,000	547,000	553,000	549,000	584,000	529,000	532,000	551,000	563,000	484,000	491,000	529,000	547,000	481,000	504,000	521,000	532,000	439,000	449,000	460,000	459,000	409,000	431,000	421,000	435,000	421,000	440,000	422,000	433,000	381,000	404,000	396,000	424,000	381,000	393,000	392,000	407,000	372,000	425,000	425,000	426,000	363,000	406,000	384,000	393,000	335,000	354,000	365,000	356,000	298,000	342,000	334,000	341,000	306,000	322,000	316,000	284,301	259,582	212,068	267,225	204,937	92,158	88,354	86,713	161,412	93,930	94,057	84,317	126,368	182,836	104,371	180,833	121,035	109,900	105,500	110,800	106,869	98,800	85,000	78,800	74,833	65,500	76,700	79,500	65,655	69,000	69,000	71,300	60,666	63,600	60,100	64,200	0	53,500	51,600	56,500	0	52,700	52,200	50,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Provision	0	9,000	-9,000	5,000	7,000	-3,000	11,000	3,000	3,000	-4,000	-23,000	12,000	-6,000	-15,000	-2,000	-11,000	11,000	15,000	47,000	8,000	2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	813,000	1,384,000	1,309,000	1,333,000	1,294,000	1,309,000	1,206,000	1,191,000	1,084,000	1,132,000	987,000	984,000	1,014,000	986,000	816,000	1,069,000	1,248,000	1,221,000	1,111,000	1,163,000	1,145,000	1,162,000	1,084,000	1,117,000	1,104,000	1,093,000	1,020,000	1,009,000	988,000	1,019,000	972,000	969,000	974,000	983,000	883,000	897,000	930,000	954,000	895,000	913,000	925,000	935,000	845,000	840,000	849,000	851,000	792,000	807,000	797,000	819,000	811,000	820,000	789,000	-3,701,000	2,248,000	753,000	741,000	769,000	717,000	710,000	703,000	720,000	695,000	737,000	726,000	716,000	642,000	678,000	644,000	654,000	590,000	594,000	597,000	586,000	524,000	567,000	555,000	554,000	516,000	522,000	504,000	451,698	435,364	346,793	283,601	270,213	246,988	235,291	241,799	-1,668,154	142,416	848,257	847,602	-1,374,390	809,301	686,236	653,923	-1,243,507	752,700	596,800	584,800	-1,049,463	696,500	493,700	429,400	-906,480	496,800	456,400	417,100	-859,358	504,900	406,600	367,800	-771,001	448,400	356,500	342,900	91,867	81,300	77,800	83,000	76,800	76,300	75,500	72,700	-1,148,700	-	-	-	-1,088,800	-	-	-	-1,121,800	-	-	-	-906,900	-	-	-	-441,700	-	-	-	-412,000	-	-	-	-319,600	-	-	-
Total Other Income Expense Net	-489,000	-7,000	-100,000	-573,000	-539,000	-466,000	-422,000	-358,000	-397,000	-611,000	-387,000	-11,000	-61,000	-251,000	-221,000	-1,396,000	-738,000	-5,000	-19,000	-7,000	-2,000	-1,000	-5,000	51,000	17,000	57,000	-68,000	-68,000	35,000	69,000	-38,000	184,000	-241,000	-191,000	-209,000	-8,000	-159,000	-288,000	16,000	22,000	-16,000	32,000	45,000	-36,000	-25,000	-7,000	123,000	-155,000	-147,000	-10,000	2,000	13,000	6,000	5,000	-2,000	-2,000	-3,000	2,000	-8,000	5,000	19,000	21,000	-100,000	4,000	2,000	-75,000	1,000	-1,000	-74,000	9,000	-1,000	-1,000	-14,000	6,000	-23,000	3,000	7,000	4,000	-2,000	-7,000	-61,000	-506	4,934	-11,156	14,729	21,261	10,552	-5,951	6,620	-23,542	-8,256	3,294	17,103	-3,781	-18,651	9,349	8,897	-9,135	20,800	3,700	-2,900	-16,224	16,800	200	-14,000	1,136	13,900	-2,200	-7,400	-13,386	31,500	4,500	800	-9,170	13,700	3,800	1,400	-16,099	-6,800	1,900	2,000	1,700	3,100	2,700	2,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue	5,406,000	5,396,000	6,854,000	4,911,000	4,433,000	3,839,000	4,306,000	2,401,000	1,623,000	1,287,000	546,000	49,000	26,000	33,000	31,000	740,000	4,790,000	4,782,000	6,532,000	4,838,000	4,674,000	4,456,000	5,836,000	4,357,000	4,232,000	4,259,000	5,515,000	3,945,000	3,791,000	3,935,000	5,097,000	3,705,000	3,651,000	3,711,000	4,883,000	3,590,000	3,531,000	3,718,000	4,947,000	3,633,000	3,585,000	3,659,000	4,726,000	3,479,000	3,593,000	3,579,000	4,684,000	3,538,000	3,582,000	3,696,000	5,058,000	3,620,000	3,419,000	3,753,000	4,426,000	3,195,000	3,095,000	3,206,000	4,139,000	2,948,000	2,864,000	3,302,000	4,814,000	3,378,000	3,152,000	3,124,000	4,321,000	2,900,000	2,688,000	2,810,000	3,905,000	2,662,000	2,461,000	2,567,000	3,605,000	2,519,000	2,396,000	2,242,000	3,245,000	2,256,000	1,980,000	1,816,749	2,523,740	1,334,616	1,031,105	1,035,681	1,437,655	989,157	905,776	959,102	1,489,918	1,079,125	1,007,606	850,326	1,228,211	875,127	824,878	783,870	1,169,100	796,100	748,300	728,606	1,061,500	661,400	557,800	524,368	805,400	596,600	521,100	474,972	772,000	516,800	448,800	452,950	672,600	452,800	419,800	410,516	600,800	409,400	385,300	325,700	529,300	378,200	323,600	310,900	487,800	346,000	328,800	305,600	499,200	307,000	292,900	296,500	482,900	352,500	259,400	226,100	405,200	284,700	231,800	130,400	157,600	158,700	152,900	125,900	160,100	156,700	121,400	105,200	105,200	105,200	105,200

Latest Income Statement (annual, 2023-11-30)

Gross Profit (+$)
totalRevenue	21,593,000
Cost of Revenue	-14,317,000
Gross Profit	7,276,000	7,276,000

Operating Income (+$)
Gross Profit	7,276,000
Operating Expense	-5,320,000
Operating Income	1,956,000	1,956,000

Operating Expense (+$)
Research Development	0
Selling General Administrative	2,950,000
Selling And Marketing Expenses	0
Operating Expense	5,320,000	2,950,000

Net Interest Income (+$)
Interest Income	233,000
Interest Expense	-2,066,000
Other Finance Cost	-0
Net Interest Income	-1,833,000

Pretax Income (+$)
Operating Income	1,956,000
Net Interest Income	-1,833,000
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	-62,000	2,142,000 EBIT - interestExpense = 49,000 -61,000 1,992,000
Interest Expense	2,066,000
Earnings Before Interest and Taxes (EBIT)	2,115,000	2,004,000
Earnings Before Interest and Taxes (EBITDA)	4,485,000

After tax Income (+$)
Income Before Tax	-62,000
Tax Provision	-13,000
Net Income From Continuing Ops	-75,000	-75,000
Net Income	-74,000
Net Income Applicable To Common Shares	-74,000

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	19,637,000
Total Other Income/Expenses Net	-186,000	1,833,000

Technical Analysis of Carnival Corporation
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 Carnival Corporation. The general trend of Carnival Corporation is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Carnival Corporation's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

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

1. Price Targets

1.1 Support & Resistance

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

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

Score

Let's take a look at the Support & Resistance of Carnival Corporation.

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: 15.89 < 17.68 < 17.83.

The bearish price targets are: 13.80 > 10.84 > 10.38.

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Carnival Corporation 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 Carnival Corporation. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

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

Carnival Corporation 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 Carnival Corporation. The current macd is -0.23825798.

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

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

Carnival Corporation 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 Carnival Corporation. The current adx is 14.55.

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

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Carnival Corporation shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Carnival Corporation 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 Carnival Corporation. The current sar is 14.17.

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

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

Carnival Corporation Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of Carnival Corporation. The current rsi is 45.34. The current phase is Continuation in bear market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Carnival Corporation 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 Carnival Corporation. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

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

Carnival Corporation 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 Carnival Corporation. The current cci is 19.16.

Carnival Corporation 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 Carnival Corporation. The current cmo is -5.80621975.

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

Carnival Corporation 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 Carnival Corporation. The current willr is -30.74324324.

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

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

Carnival Corporation Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Carnival Corporation.

Carnival Corporation 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 Carnival Corporation. The current atr is 0.49295313.

Carnival Corporation 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 Carnival Corporation. The current obv is 143,255,373.

Carnival Corporation 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 Carnival Corporation. The current mfi is 53.12.

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

MFI > 50: +1

Carnival Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Carnival Corporation.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Carnival Corporation Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Carnival Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	45.343
Ma 20	Greater than	Ma 50	14.782
Ma 50	Greater than	Ma 100	15.555
Ma 100	Greater than	Ma 200	16.319
Open	Greater than	Close	14.950
Total			2/5 (40.0%)

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Quick analysis of Carnival Corporation (30 sec.)

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

$14.82

$5.45

$-36.16 - $133.56

$-30.71 - $139.02

2. Growth of Carnival Corporation (5 min.)

Is Carnival Corporation growing?

How much money is Carnival Corporation making?

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

3. Financial Health of Carnival Corporation (5 min.)

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

Industry Rankings (Travel Services)

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

What can you expect buying and holding a share of Carnival Corporation?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Carnival Corporation

About Carnival Corporation

Financial Health

Valuation

1.1. Profitability of Carnival Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Travel Services)

1.1.2. Return on Assets

Trends

Compared to industry (Travel Services)

1.1.3. Return on Equity

Trends

Compared to industry (Travel Services)

1.2. Operating Efficiency of Carnival Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Travel Services)

1.2.2. Operating Ratio

Trends

Compared to industry (Travel Services)

1.3. Liquidity of Carnival Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Travel Services)

1.3.2. Quick Ratio

Trends

Compared to industry (Travel Services)

1.4. Solvency of Carnival Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Travel Services)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Travel Services)

2. Market Valuation of Carnival Corporation

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Travel Services)

Carnival Corporation
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