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Companhiade Eletricidade do Estado da Bahia - COELBA










Financial Health of Coelba




Comparing to competitors in the Utilities-Regulated Electric industry




  Industry Rankings  


Companhiade Eletricidade do Estado da Bahia - COELBA
Buy, Hold or Sell?

Should you buy, hold or sell Coelba?

I guess you are interested in Companhiade Eletricidade do Estado da Bahia - COELBA. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Coelba

Let's start. I'm going to help you getting a better view of Companhiade Eletricidade do Estado da Bahia - COELBA. 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.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Companhiade Eletricidade do Estado da Bahia - COELBA even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Companhiade Eletricidade do Estado da Bahia - COELBA is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Companhiade Eletricidade do Estado da Bahia - COELBA. The closing price on 2022-12-07 was R$36.75 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Companhiade Eletricidade do Estado da Bahia - COELBA Daily Candlestick Chart

Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared 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.

1.1. Profitability of Companhiade Eletricidade do Estado da Bahia - COELBA.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Coelba to the Utilities-Regulated Electric industry mean.
  • A Net Profit Margin of 5.9% means that R$0.06 for each R$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The MRQ is 5.9%. The company is making a profit. +1
  • The TTM is 11.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ5.9%TTM11.3%-5.4%
TTM11.3%YOY11.2%+0.1%
TTM11.3%5Y8.9%+2.5%
5Y8.9%10Y7.5%+1.4%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ5.9%9.6%-3.7%
TTM11.3%7.8%+3.5%
YOY11.2%8.2%+3.0%
5Y8.9%7.0%+1.9%
10Y7.5%7.2%+0.3%
1.1.2. Return on Assets

Shows how efficient Coelba is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Coelba to the Utilities-Regulated Electric industry mean.
  • 0.7% Return on Assets means that Coelba generated R$0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The MRQ is 0.7%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 1.6%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ0.7%TTM1.6%-0.8%
TTM1.6%YOY1.9%-0.3%
TTM1.6%5Y1.4%+0.2%
5Y1.4%10Y1.3%+0.1%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7%0.8%-0.1%
TTM1.6%0.7%+0.9%
YOY1.9%0.8%+1.1%
5Y1.4%0.8%+0.6%
10Y1.3%0.7%+0.6%
1.1.3. Return on Equity

Shows how efficient Coelba is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Coelba to the Utilities-Regulated Electric industry mean.
  • 3.5% Return on Equity means Coelba generated R$0.03 for each R$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The MRQ is 3.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 6.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.5%TTM6.5%-3.0%
TTM6.5%YOY6.9%-0.5%
TTM6.5%5Y5.1%+1.4%
5Y5.1%10Y4.3%+0.8%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ3.5%2.2%+1.3%
TTM6.5%2.2%+4.3%
YOY6.9%2.3%+4.6%
5Y5.1%2.2%+2.9%
10Y4.3%2.1%+2.2%

1.2. Operating Efficiency of Companhiade Eletricidade do Estado da Bahia - COELBA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Coelba is operating .

  • Measures how much profit Coelba makes for each R$1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Coelba to the Utilities-Regulated Electric industry mean.
  • An Operating Margin of 12.3% means the company generated R$0.12  for each R$1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The MRQ is 12.3%. The company is operating less efficient.
  • The TTM is 21.6%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ12.3%TTM21.6%-9.2%
TTM21.6%YOY17.1%+4.4%
TTM21.6%5Y16.4%+5.2%
5Y16.4%10Y8.2%+8.2%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ12.3%16.1%-3.8%
TTM21.6%14.6%+7.0%
YOY17.1%14.2%+2.9%
5Y16.4%12.7%+3.7%
10Y8.2%11.7%-3.5%
1.2.2. Operating Ratio

Measures how efficient Coelba is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities-Regulated Electric industry mean).
  • An Operation Ratio of 0.85 means that the operating costs are R$0.85 for each R$1 in net sales.

Let's take a look of the Operating Ratio trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The MRQ is 0.849. The company is less efficient in keeping operating costs low.
  • The TTM is 0.698. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.849TTM0.698+0.151
TTM0.698YOY0.843-0.146
TTM0.6985Y1.167-0.469
5Y1.16710Y0.953+0.215
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8491.087-0.238
TTM0.6981.111-0.413
YOY0.8431.070-0.227
5Y1.1671.006+0.161
10Y0.9530.998-0.045

1.3. Liquidity of Companhiade Eletricidade do Estado da Bahia - COELBA.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Utilities-Regulated Electric industry mean).
  • A Current Ratio of 1.17 means the company has R$1.17 in assets for each R$1 in short-term debts.

Let's take a look of the Current Ratio trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The MRQ is 1.168. The company is just able to pay all its short-term debts.
  • The TTM is 1.212. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.168TTM1.212-0.044
TTM1.212YOY1.115+0.097
TTM1.2125Y1.159+0.053
5Y1.15910Y0.579+0.579
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1680.888+0.280
TTM1.2120.909+0.303
YOY1.1150.937+0.178
5Y1.1590.913+0.246
10Y0.5790.828-0.249
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Coelba to the Utilities-Regulated Electric industry mean.
  • A Quick Ratio of 1.13 means the company can pay off R$1.13 for each R$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The MRQ is 1.133. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.208. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.133TTM1.208-0.075
TTM1.208YOY0.855+0.352
TTM1.2085Y0.829+0.378
5Y0.82910Y0.710+0.119
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1330.441+0.692
TTM1.2080.474+0.734
YOY0.8550.545+0.310
5Y0.8290.494+0.335
10Y0.7100.485+0.225

1.4. Solvency of Companhiade Eletricidade do Estado da Bahia - COELBA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Coelba to Utilities-Regulated Electric industry mean.
  • A Debt to Asset Ratio of 0.78 means that Coelba assets are financed with 78.5% credit (debt) and the remaining percentage (100% - 78.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The MRQ is 0.785. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.757. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.785TTM0.757+0.028
TTM0.757YOY0.721+0.036
TTM0.7575Y0.718+0.039
5Y0.71810Y0.694+0.024
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7850.649+0.136
TTM0.7570.649+0.108
YOY0.7210.639+0.082
5Y0.7180.656+0.062
10Y0.6940.654+0.040
1.4.2. Debt to Equity Ratio

Measures if Coelba is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Coelba to the Utilities-Regulated Electric industry mean.
  • A Debt to Equity ratio of 364.5% means that company has R$3.64 debt for each R$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The MRQ is 3.645. The company is unable to pay all its debts with equity. -1
  • The TTM is 3.139. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ3.645TTM3.139+0.506
TTM3.139YOY2.599+0.540
TTM3.1395Y2.593+0.546
5Y2.59310Y2.339+0.254
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ3.6451.865+1.780
TTM3.1391.903+1.236
YOY2.5991.915+0.684
5Y2.5932.092+0.501
10Y2.3392.047+0.292

2. Market Valuation of Companhiade Eletricidade do Estado da Bahia - COELBA

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every R$1 in earnings Coelba generates.

  • Above 15 is considered overpriced but always compare Coelba to the Utilities-Regulated Electric industry mean.
  • A PE ratio of 53.59 means the investor is paying R$53.59 for every R$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The EOD is 49.395. Good. +1
  • The MRQ is 53.589. Good. +1
  • The TTM is 28.424. Very good. +2
Trends
Current periodCompared to+/- 
EOD49.395MRQ53.589-4.194
MRQ53.589TTM28.424+25.165
TTM28.424YOY25.066+3.358
TTM28.4245Y39.939-11.515
5Y39.93910Y35.268+4.671
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
EOD49.39527.215+22.180
MRQ53.58930.585+23.004
TTM28.42425.674+2.750
YOY25.06629.084-4.018
5Y39.93929.099+10.840
10Y35.26823.286+11.982
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Coelba.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The MRQ is -38.418. Very Bad. -2
  • The TTM is -73.758. Very Bad. -2
Trends
Current periodCompared to+/- 
MRQ-38.418TTM-73.758+35.340
TTM-73.758YOY67.127-140.885
TTM-73.7585Y-360.563+286.805
5Y-360.56310Y-224.227-136.336
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ-38.4180.057-38.475
TTM-73.7580.073-73.831
YOY67.1270.061+67.066
5Y-360.5630.098-360.661
10Y-224.2270.063-224.290

2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Utilities-Regulated Electric industry mean).
  • A PB ratio of 1.87 means the investor is paying R$1.87 for each R$1 in book value.

Let's take a look of the Price to Book Ratio trends of Companhiade Eletricidade do Estado da Bahia - COELBA:

  • The EOD is 1.720. Good. +1
  • The MRQ is 1.866. Good. +1
  • The TTM is 1.584. Good. +1
Trends
Current periodCompared to+/- 
EOD1.720MRQ1.866-0.146
MRQ1.866TTM1.584+0.282
TTM1.584YOY1.697-0.113
TTM1.5845Y1.646-0.062
5Y1.64610Y1.173+0.473
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
EOD1.7201.089+0.631
MRQ1.8661.252+0.614
TTM1.5841.151+0.433
YOY1.6971.112+0.585
5Y1.6460.949+0.697
10Y1.1730.780+0.393
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Companhiade Eletricidade do Estado da Bahia - COELBA compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---2.476-0.725-71%0.353-802%0.060-4259%0.101-2541%
Book Value Growth--0.7850.801-2%0.810-3%0.813-3%0.811-3%
Book Value Per Share--21.37023.448-9%23.630-10%21.139+1%20.046+7%
Book Value Per Share Growth---0.116-0.034-70%0.013-1002%-0.002-98%0.002-4877%
Current Ratio--1.1681.212-4%1.115+5%1.159+1%0.579+102%
Debt To Asset Ratio--0.7850.757+4%0.721+9%0.718+9%0.694+13%
Debt To Equity Ratio--3.6453.139+16%2.599+40%2.593+41%2.339+56%
Dividend Per Share--3.3191.627+104%1.126+195%1.162+186%0.900+269%
Dividend Per Share Growth--0.313-1.194+482%-1.960+727%-412.148+131927%-2170.703+694406%
Eps--0.7441.537-52%1.629-54%1.111-33%0.887-16%
Eps Growth---1.395-0.363-74%0.072-2030%0.018-7694%-0.175-87%
Gross Profit Margin--0.9230.965-4%0.979-6%0.986-6%0.968-5%
Net Profit Margin--0.0590.113-48%0.112-48%0.089-34%0.075-21%
Operating Margin--0.1230.216-43%0.171-28%0.164-25%0.082+51%
Operating Ratio--0.8490.698+22%0.843+1%1.167-27%0.953-11%
Pb Ratio1.720-8%1.8661.584+18%1.697+10%1.646+13%1.173+59%
Pe Ratio49.395-8%53.58928.424+89%25.066+114%39.939+34%35.268+52%
Peg Ratio---38.418-73.758+92%67.127-157%-360.563+839%-224.227+484%
Price Per Share36.750-8%39.87036.953+8%39.9950%34.819+15%23.728+68%
Price To Total Gains Ratio43.584-8%47.284-8.119+117%14.186+233%25.046+89%25.316+87%
Profit Growth--53.94773.789-27%82.161-34%81.302-34%75.379-28%
Quick Ratio--1.1331.208-6%0.855+32%0.829+37%0.710+59%
Return On Assets--0.0070.016-53%0.019-61%0.014-47%0.013-43%
Return On Equity--0.0350.065-46%0.069-50%0.051-32%0.043-19%
Revenue Growth--0.8260.779+6%0.819+1%0.805+3%0.804+3%
Total Gains Per Share--0.8430.902-7%1.479-43%1.222-31%1.001-16%
Total Gains Per Share Growth---0.321-5.148+1502%-0.219-32%-2.033+533%-1.290+301%
Usd Book Value--1077072300.0001181827725.000-9%1190961975.000-10%1041731357.925+3%797844027.270+35%
Usd Book Value Change Per Share---0.476-0.139-71%0.068-802%0.011-4259%0.020-2541%
Usd Book Value Per Share--4.1094.509-9%4.544-10%4.065+1%3.855+7%
Usd Dividend Per Share--0.6380.313+104%0.217+195%0.223+186%0.173+269%
Usd Eps--0.1430.295-52%0.313-54%0.214-33%0.171-16%
Usd Price Per Share7.067-8%7.6677.106+8%7.6910%6.696+15%4.563+68%
Usd Profit--37498500.00077448825.000-52%82112100.000-54%55464252.495-32%37423430.888+0%
Usd Revenue--639205200.000714586800.000-11%762806025.000-16%617892754.455+3%473315186.828+35%
Usd Total Gains Per Share--0.1620.174-7%0.284-43%0.235-31%0.192-16%
 EOD+3 -2MRQTTM+7 -29YOY+9 -275Y+14 -2210Y+16 -20

3.2. Fundamental Score

Let's check the fundamental score of Companhiade Eletricidade do Estado da Bahia - COELBA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1549.395
Price to Book Ratio (EOD)Between0-11.720
Net Profit Margin (MRQ)Greater than00.059
Operating Margin (MRQ)Greater than00.123
Quick Ratio (MRQ)Greater than11.133
Current Ratio (MRQ)Greater than11.168
Debt to Asset Ratio (MRQ)Less than10.785
Debt to Equity Ratio (MRQ)Less than13.645
Return on Equity (MRQ)Greater than0.150.035
Return on Assets (MRQ)Greater than0.050.007
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Companhiade Eletricidade do Estado da Bahia - COELBA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5033.237
Ma 20Greater thanMa 5038.091
Ma 50Greater thanMa 10039.271
Ma 100Greater thanMa 20038.563
OpenGreater thanClose36.800
Total3/5 (60.0%)



Reversals in quarterly reports

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

 2021-09-302021-12-312022-03-312022-06-302022-09-30
Net Tangible Assets  597,000-71,000526,000298,000824,000-374,000450,000-540,000-90,000
Tax Provision  145,000-71,00074,00062,000136,0000136,000-157,000-21,000
Income Tax Expense  145,000-71,00074,00062,000136,0000136,000-157,000-21,000



Latest Balance Sheet

Balance Sheet of 2022-09-30. Currency in BRL. All numbers in thousands.

Summary
Total Assets26,015,000
Total Liabilities20,414,000
Total Stockholder Equity5,601,000
 As reported
Total Liabilities 20,414,000
Total Stockholder Equity+ 5,601,000
Total Assets = 26,015,000

Assets

Total Assets26,015,000
Total Current Assets6,040,000
Long-term Assets6,040,000
Total Current Assets
Cash And Cash Equivalents 1,342,000
Short-term Investments 257,000
Net Receivables 4,003,000
Total Current Assets  (as reported)6,040,000
Total Current Assets  (calculated)5,602,000
+/- 438,000
Long-term Assets
Property Plant Equipment 40,000
Intangible Assets 3,261,000
Long-term Assets Other 16,873,000
Long-term Assets  (as reported)19,975,000
Long-term Assets  (calculated)20,174,000
+/- 199,000

Liabilities & Shareholders' Equity

Total Current Liabilities5,173,000
Long-term Liabilities15,241,000
Total Stockholder Equity5,601,000
Total Current Liabilities
Short-term Debt 1,915,000
Short Long Term Debt 1,903,000
Accounts payable 1,098,000
Other Current Liabilities 1,062,000
Total Current Liabilities  (as reported)5,173,000
Total Current Liabilities  (calculated)5,978,000
+/- 805,000
Long-term Liabilities
Long term Debt Total 11,857,000
Capital Lease Obligations 39,000
Other Liabilities 3,120,000
Long-term Liabilities  (as reported)15,241,000
Long-term Liabilities  (calculated)15,016,000
+/- 225,000
Total Stockholder Equity
Common Stock2,988,000
Retained Earnings 177,000
Other Stockholders Equity 2,436,000
Total Stockholder Equity (as reported)5,601,000
Total Stockholder Equity (calculated)5,601,000
+/-0
Other
Capital Stock2,988,000
Cash And Equivalents1,301,000
Cash and Short Term Investments 1,599,000
Common Stock Shares Outstanding 262,096
Liabilities and Stockholders Equity 26,015,000
Net Debt 12,430,000
Net Invested Capital 19,334,000
Net Tangible Assets -90,000
Net Working Capital 867,000
Short Long Term Debt Total 13,772,000



Balance Sheet

Currency in BRL. All numbers in thousands.

 Trend2022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-302002-12-312002-06-302001-12-312001-06-302000-12-312000-06-30
> Total Assets 
3,473,263
4,666,465
4,176,675
4,715,090
5,071,451
5,956,329
5,601,072
4,989,916
4,968,004
5,100,117
4,969,390
4,938,649
5,330,927
5,541,471
4,772,943
4,044,038
4,084,026
4,094,821
4,238,580
4,074,527
4,178,425
4,251,533
4,431,563
4,489,278
4,450,123
4,268,882
4,479,318
4,235,938
4,414,745
4,357,250
4,570,680
4,715,070
4,955,273
5,217,494
5,502,360
5,374,135
5,598,789
5,902,761
6,034,662
6,137,842
6,295,366
6,567,283
6,926,716
7,107,647
7,379,790
7,026,460
6,973,082
7,627,195
7,915,354
7,738,928
7,827,858
8,334,792
8,708,471
9,018,796
9,029,276
9,653,040
9,386,007
9,132,232
9,304,020
10,547,844
10,852,074
11,743,163
13,049,451
12,553,676
13,376,182
14,322,715
15,874,697
14,530,566
14,705,816
15,400,452
18,446,750
18,945,481
20,449,500
20,959,000
20,955,000
20,921,000
22,039,000
22,658,000
23,438,000
24,397,000
25,055,000
25,859,000
26,015,000
26,015,00025,859,00025,055,00024,397,00023,438,00022,658,00022,039,00020,921,00020,955,00020,959,00020,449,50018,945,48118,446,75015,400,45214,705,81614,530,56615,874,69714,322,71513,376,18212,553,67613,049,45111,743,16310,852,07410,547,8449,304,0209,132,2329,386,0079,653,0409,029,2769,018,7968,708,4718,334,7927,827,8587,738,9287,915,3547,627,1956,973,0827,026,4607,379,7907,107,6476,926,7166,567,2836,295,3666,137,8426,034,6625,902,7615,598,7895,374,1355,502,3605,217,4944,955,2734,715,0704,570,6804,357,2504,414,7454,235,9384,479,3184,268,8824,450,1234,489,2784,431,5634,251,5334,178,4254,074,5274,238,5804,094,8214,084,0264,044,0384,772,9435,541,4715,330,9274,938,6494,969,3905,100,1174,968,0044,989,9165,601,0725,956,3295,071,4514,715,0904,176,6754,666,4653,473,263
   > Total Current 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
3,014,431
3,582,027
3,975,266
5,057,553
3,352,774
3,041,527
3,477,897
4,040,777
4,505,951
5,157,600
5,168,000
4,356,000
4,144,000
4,651,000
4,755,000
4,882,000
5,636,000
6,058,000
6,194,000
6,040,000
6,040,0006,194,0006,058,0005,636,0004,882,0004,755,0004,651,0004,144,0004,356,0005,168,0005,157,6004,505,9514,040,7773,477,8973,041,5273,352,7745,057,5533,975,2663,582,0273,014,431000000000000000000000000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
583,793
1,229,393
1,650,667
2,397,704
883,954
407,503
778,088
486,226
851,830
983,200
1,129,000
853,000
391,000
741,000
970,000
321,000
560,000
677,000
933,000
1,342,000
1,342,000933,000677,000560,000321,000970,000741,000391,000853,0001,129,000983,200851,830486,226778,088407,503883,9542,397,7041,650,6671,229,393583,793000000000000000000000000000000000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,580
298,800
254,582
314,464
218,050
222,200
137,000
2,000
4,000
146,000
4,000
36,000
44,000
950,000
696,000
257,000
257,000696,000950,00044,00036,0004,000146,0004,0002,000137,000222,200218,050314,464254,582298,8007,5800000000000000000000000000000000000000000000000000000000000000000000
       Net Receivables 
404,376
533,399
667,501
565,696
858,191
919,805
1,111,074
989,134
1,011,090
1,082,079
1,083,183
1,075,145
1,282,117
1,476,702
1,163,427
660,012
1,284,641
1,210,626
1,261,974
787,549
814,530
880,556
972,152
912,806
1,009,033
950,503
969,575
824,406
850,655
901,672
944,006
966,034
1,041,374
1,161,175
1,267,026
1,017,205
1,064,725
1,120,239
1,128,499
1,031,306
1,019,447
1,107,459
1,105,662
1,109,457
1,020,085
798,611
828,863
989,486
1,043,730
1,161,138
1,047,793
1,173,527
1,334,360
1,530,003
1,396,533
1,383,121
1,383,546
1,307,154
1,330,814
1,398,282
1,453,309
1,469,524
1,626,381
1,749,613
1,741,654
1,781,505
1,966,278
1,992,698
1,784,038
1,822,787
1,918,505
2,951,412
1,965,400
1,833,000
1,955,000
2,141,000
2,248,000
3,441,000
3,796,000
4,024,000
4,117,000
4,153,000
4,003,000
4,003,0004,153,0004,117,0004,024,0003,796,0003,441,0002,248,0002,141,0001,955,0001,833,0001,965,4002,951,4121,918,5051,822,7871,784,0381,992,6981,966,2781,781,5051,741,6541,749,6131,626,3811,469,5241,453,3091,398,2821,330,8141,307,1541,383,5461,383,1211,396,5331,530,0031,334,3601,173,5271,047,7931,161,1381,043,730989,486828,863798,6111,020,0851,109,4571,105,6621,107,4591,019,4471,031,3061,128,4991,120,2391,064,7251,017,2051,267,0261,161,1751,041,374966,034944,006901,672850,655824,406969,575950,5031,009,033912,806972,152880,556814,530787,5491,261,9741,210,6261,284,641660,0121,163,4271,476,7021,282,1171,075,1451,083,1831,082,0791,011,090989,1341,111,074919,805858,191565,696667,501533,399404,376
       Inventory 
4,394
23,641
5,242
26,665
4,364
25,103
4,857
3,789
3,859
3,710
3,696
3,821
4,123
7,459
5,276
5,185
7,628
6,939
5,915
5,497
6,865
7,315
5,942
6,740
5,634
4,959
5,571
6,361
6,482
6,647
6,086
5,334
7,929
6,509
7,218
8,014
8,830
9,571
57,536
55,439
185,204
204,016
83,638
57,844
60,042
61,342
49,292
45,340
48,599
49,112
46,569
41,932
41,040
47,967
45,335
0
0
0
0
16,478
18,761
16,626
23,922
24,019
24,017
19,703
18,743
18,246
28,195
27,049
35,081
23,393
0
0
0
0
0
0
0
0
0
0
0
0000000000023,39335,08127,04928,19518,24618,74319,70324,01724,01923,92216,62618,76116,478000045,33547,96741,04041,93246,56949,11248,59945,34049,29261,34260,04257,84483,638204,016185,20455,43957,5369,5718,8308,0147,2186,5097,9295,3346,0866,6476,4826,3615,5714,9595,6346,7405,9427,3156,8655,4975,9156,9397,6285,1855,2767,4594,1233,8213,6963,7103,8593,7894,85725,1034,36426,6655,24223,6414,394
   > Long-term 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
11,664,289
11,922,555
14,405,973
14,439,530
15,291,900
15,791,000
16,599,000
0
17,388,000
17,903,000
0
0
18,997,000
19,665,000
19,975,000
19,975,00019,665,00018,997,0000017,903,00017,388,000016,599,00015,791,00015,291,90014,439,53014,405,97311,922,55511,664,28900000000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
1,924,443
2,117,995
2,268,070
2,186,330
2,404,299
2,775,423
2,443,989
1,849,643
1,838,835
1,866,124
1,849,435
1,890,331
1,919,696
1,976,173
1,563,468
1,541,895
1,598,355
1,684,566
1,704,208
1,736,079
1,839,795
1,962,302
1,936,832
2,030,407
2,135,180
2,246,145
2,183,826
2,147,225
2,289,601
2,359,692
2,461,422
2,498,842
2,560,261
2,664,981
2,813,358
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,508
18,887
17,582
16,600
15,000
17,000
21,000
20,000
25,000
24,000
22,000
41,000
43,000
40,000
40,000
40,00040,00043,00041,00022,00024,00025,00020,00021,00017,00015,00016,60017,58218,88715,5080000000000000000000000000000000002,813,3582,664,9812,560,2612,498,8422,461,4222,359,6922,289,6012,147,2252,183,8262,246,1452,135,1802,030,4071,936,8321,962,3021,839,7951,736,0791,704,2081,684,5661,598,3551,541,8951,563,4681,976,1731,919,6961,890,3311,849,4351,866,1241,838,8351,849,6432,443,9892,775,4232,404,2992,186,3302,268,0702,117,9951,924,443
       Goodwill 
0
0
0
0
0
258,930
0
245,159
0
0
0
231,274
0
0
0
0
0
0
0
0
280,593
275,889
271,183
266,479
261,451
256,421
251,393
246,364
241,640
236,917
232,193
227,469
222,749
218,028
213,307
227,469
222,749
218,028
213,307
208,586
204,031
199,477
194,922
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000000000000000000000194,922199,477204,031208,586213,307218,028222,749227,469213,307218,028222,749227,469232,193236,917241,640246,364251,393256,421261,451266,479271,183275,889280,59300000000231,274000245,1590258,93000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,963
148,278
3,060
0
3,158
3,206
3,259
19,260
0
0
0
0
0
0
0
0
0
0
0
0
00000000000019,2603,2593,2063,15803,060148,2782,963000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
419,944
0
320,037
0
353,931
258,930
0
245,159
0
0
0
231,274
0
0
0
57,466
54,076
51,008
50,455
50,924
328,783
321,849
329,589
335,207
343,665
355,217
354,769
362,027
370,119
374,754
387,542
400,458
409,944
411,926
398,488
2,972,131
3,107,912
3,174,663
3,341,678
3,489,448
3,101,623
3,177,235
3,353,713
3,245,641
3,323,305
3,563,078
3,647,688
3,666,472
3,735,339
3,593,920
3,568,277
3,583,117
3,581,274
3,641,536
3,691,227
3,761,922
3,845,182
3,846,204
3,908,722
4,034,485
4,166,406
4,151,938
4,304,101
4,379,401
4,436,151
4,597,399
4,850,068
5,138,799
3,207,117
3,240,243
3,254,726
3,295,652
3,285,300
3,267,000
3,299,000
3,346,000
3,284,000
3,249,000
3,227,000
3,235,000
3,250,000
3,209,000
3,261,000
3,261,0003,209,0003,250,0003,235,0003,227,0003,249,0003,284,0003,346,0003,299,0003,267,0003,285,3003,295,6523,254,7263,240,2433,207,1175,138,7994,850,0684,597,3994,436,1514,379,4014,304,1014,151,9384,166,4064,034,4853,908,7223,846,2043,845,1823,761,9223,691,2273,641,5363,581,2743,583,1173,568,2773,593,9203,735,3393,666,4723,647,6883,563,0783,323,3053,245,6413,353,7133,177,2353,101,6233,489,4483,341,6783,174,6633,107,9122,972,131398,488411,926409,944400,458387,542374,754370,119362,027354,769355,217343,665335,207329,589321,849328,78350,92450,45551,00854,07657,466000231,274000245,1590258,930353,9310320,0370419,944
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,350
10,587
17,810
11,256
37,100
27,000
6,432,000
0
6,388,000
6,191,000
0
0
6,402,000
17,055,000
16,873,000
16,873,00017,055,0006,402,000006,191,0006,388,00006,432,00027,00037,10011,25617,81010,58728,35000000000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
1,778,726
2,220,944
2,429,619
2,844,624
3,173,444
3,928,750
3,642,072
3,144,035
3,171,347
3,172,754
3,014,072
3,107,618
3,240,250
3,353,789
2,674,786
2,889,649
2,759,016
2,662,528
2,853,920
2,774,161
2,722,168
2,564,116
2,560,467
2,989,094
2,736,894
2,387,407
2,429,815
2,603,039
2,610,366
2,427,674
2,696,439
2,935,527
3,020,650
3,082,096
3,405,593
2,995,728
3,065,551
3,632,468
3,857,626
3,839,905
3,829,970
4,172,206
4,295,387
4,453,975
4,510,144
4,344,389
4,194,511
5,134,906
5,333,890
5,138,022
5,183,606
5,547,427
5,818,900
6,078,617
6,059,422
6,583,648
6,249,274
5,889,428
6,153,017
7,539,708
7,785,898
8,760,638
9,982,259
9,387,988
9,285,939
10,174,016
10,671,480
9,325,565
9,763,561
10,584,897
13,425,387
13,726,207
14,945,400
15,275,000
14,966,000
14,812,000
15,615,000
16,779,000
17,077,000
18,221,000
18,499,000
19,609,000
20,414,000
20,414,00019,609,00018,499,00018,221,00017,077,00016,779,00015,615,00014,812,00014,966,00015,275,00014,945,40013,726,20713,425,38710,584,8979,763,5619,325,56510,671,48010,174,0169,285,9399,387,9889,982,2598,760,6387,785,8987,539,7086,153,0175,889,4286,249,2746,583,6486,059,4226,078,6175,818,9005,547,4275,183,6065,138,0225,333,8905,134,9064,194,5114,344,3894,510,1444,453,9754,295,3874,172,2063,829,9703,839,9053,857,6263,632,4683,065,5512,995,7283,405,5933,082,0963,020,6502,935,5272,696,4392,427,6742,610,3662,603,0392,429,8152,387,4072,736,8942,989,0942,560,4672,564,1162,722,1682,774,1612,853,9202,662,5282,759,0162,889,6492,674,7863,353,7893,240,2503,107,6183,014,0723,172,7543,171,3473,144,0353,642,0723,928,7503,173,4442,844,6242,429,6192,220,9441,778,726
   > Total Current Liabilities 
559,599
718,821
742,259
1,200,638
1,491,458
1,612,428
2,202,469
2,113,622
2,073,054
1,173,680
1,080,667
957,558
1,034,100
1,206,556
886,329
1,030,073
923,931
873,472
1,129,981
1,048,207
1,217,943
1,171,537
1,182,726
1,472,924
1,303,401
987,180
945,482
1,078,319
1,117,846
1,070,563
1,361,176
1,606,339
1,627,124
1,487,490
1,804,842
1,134,740
1,193,224
1,324,698
1,400,579
1,259,704
1,435,174
1,755,719
1,727,074
1,519,827
1,651,655
1,764,243
1,518,506
1,660,100
1,913,046
1,776,550
1,692,151
1,687,914
1,562,474
2,098,584
2,040,176
2,652,575
2,247,793
1,820,068
2,120,611
3,021,804
3,379,218
4,080,170
4,387,036
3,927,324
3,490,637
3,417,444
3,590,530
2,715,489
3,080,046
2,833,842
3,328,149
3,821,902
4,027,100
4,155,000
3,836,000
3,475,000
3,296,000
4,900,000
5,505,000
5,003,000
4,700,000
4,900,000
5,173,000
5,173,0004,900,0004,700,0005,003,0005,505,0004,900,0003,296,0003,475,0003,836,0004,155,0004,027,1003,821,9023,328,1492,833,8423,080,0462,715,4893,590,5303,417,4443,490,6373,927,3244,387,0364,080,1703,379,2183,021,8042,120,6111,820,0682,247,7932,652,5752,040,1762,098,5841,562,4741,687,9141,692,1511,776,5501,913,0461,660,1001,518,5061,764,2431,651,6551,519,8271,727,0741,755,7191,435,1741,259,7041,400,5791,324,6981,193,2241,134,7401,804,8421,487,4901,627,1241,606,3391,361,1761,070,5631,117,8461,078,319945,482987,1801,303,4011,472,9241,182,7261,171,5371,217,9431,048,2071,129,981873,472923,9311,030,073886,3291,206,5561,034,100957,5581,080,6671,173,6802,073,0542,113,6222,202,4691,612,4281,491,4581,200,638742,259718,821559,599
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,840,365
1,530,189
1,506,119
1,551,823
884,398
1,045,853
798,968
1,302,301
1,686,221
0
0
1,473,000
0
1,063,000
1,198,000
0
0
1,410,000
1,704,000
1,915,000
1,915,0001,704,0001,410,000001,198,0001,063,00001,473,000001,686,2211,302,301798,9681,045,853884,3981,551,8231,506,1191,530,1891,840,365000000000000000000000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,840,365
1,530,189
1,506,119
1,551,823
884,398
1,045,853
798,968
1,302,301
1,686,221
2,091,000
2,032,000
1,467,000
0
1,056,000
1,190,000
0
0
1,399,000
1,691,000
1,903,000
1,903,0001,691,0001,399,000001,190,0001,056,00001,467,0002,032,0002,091,0001,686,2211,302,301798,9681,045,853884,3981,551,8231,506,1191,530,1891,840,365000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
89,645
115,278
119,356
236,248
227,028
328,809
131,010
193,515
177,453
214,871
221,363
239,540
214,414
234,287
177,911
239,412
214,070
185,847
182,348
181,954
262,587
257,692
280,912
346,127
335,792
285,465
291,542
300,710
330,897
329,326
319,237
356,442
380,392
386,657
393,407
335,755
325,376
344,393
361,588
395,410
407,038
434,694
446,891
504,700
637,596
499,177
397,174
500,450
605,671
620,084
703,218
706,540
512,706
629,132
587,509
1,040,391
566,182
580,340
630,439
818,953
704,957
946,626
1,322,318
1,048,130
971,962
788,515
1,052,781
880,638
1,018,722
839,910
929,832
1,031,148
816,600
868,000
928,000
1,280,000
1,074,000
1,179,000
1,549,000
1,272,000
1,170,000
1,064,000
1,098,000
1,098,0001,064,0001,170,0001,272,0001,549,0001,179,0001,074,0001,280,000928,000868,000816,6001,031,148929,832839,9101,018,722880,6381,052,781788,515971,9621,048,1301,322,318946,626704,957818,953630,439580,340566,1821,040,391587,509629,132512,706706,540703,218620,084605,671500,450397,174499,177637,596504,700446,891434,694407,038395,410361,588344,393325,376335,755393,407386,657380,392356,442319,237329,326330,897300,710291,542285,465335,792346,127280,912257,692262,587181,954182,348185,847214,070239,412177,911234,287214,414239,540221,363214,871177,453193,515131,010328,809227,028236,248119,356115,27889,645
       Other Current Liabilities 
274,555
163,935
278,060
234,009
445,289
461,596
529,733
620,110
528,645
410,165
417,419
439,863
479,693
718,004
527,950
629,783
526,597
541,113
768,799
685,118
734,711
636,188
579,197
824,242
632,895
396,139
351,428
551,532
555,155
505,308
772,559
964,675
942,679
756,283
1,063,033
420,480
449,095
709,336
736,190
472,476
561,945
857,196
772,670
576,244
624,561
587,389
431,666
726,497
857,727
748,279
558,267
658,148
646,447
677,096
639,370
736,672
786,208
584,152
616,501
835,030
914,728
1,056,718
1,106,632
1,046,345
1,001,644
719,037
588,374
718,998
392,599
400,695
372,168
881,360
745,600
648,000
1,435,000
1,183,000
851,000
1,836,000
800,000
1,221,000
927,000
1,029,000
1,062,000
1,062,0001,029,000927,0001,221,000800,0001,836,000851,0001,183,0001,435,000648,000745,600881,360372,168400,695392,599718,998588,374719,0371,001,6441,046,3451,106,6321,056,718914,728835,030616,501584,152786,208736,672639,370677,096646,447658,148558,267748,279857,727726,497431,666587,389624,561576,244772,670857,196561,945472,476736,190709,336449,095420,4801,063,033756,283942,679964,675772,559505,308555,155551,532351,428396,139632,895824,242579,197636,188734,711685,118768,799541,113526,597629,783527,950718,004479,693439,863417,419410,165528,645620,110529,733461,596445,289234,009278,060163,935274,555
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,683,515
7,751,055
10,097,238
9,904,305
10,918,300
11,120,000
11,130,000
0
12,319,000
11,879,000
0
0
13,799,000
14,709,000
15,241,000
15,241,00014,709,00013,799,0000011,879,00012,319,000011,130,00011,120,00010,918,3009,904,30510,097,2387,751,0556,683,51500000000000000000000000000000000000000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,192,839
6,041,225
6,922,800
6,948,000
6,889,000
7,028,000
7,992,000
7,876,000
8,134,000
9,995,000
10,071,000
10,979,000
11,857,000
11,857,00010,979,00010,071,0009,995,0008,134,0007,876,0007,992,0007,028,0006,889,0006,948,0006,922,8006,041,2256,192,8390000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
181,987
0
259,166
0
236,478
400,989
395,712
381,537
232,258
449,410
337,306
352,344
216,212
368,573
349,106
199,271
179,993
133,033
98,894
100,972
89,385
172,722
100,799
111,710
183,550
210,161
200,982
149,702
254,896
294,052
190,175
184,725
150,819
166,833
186,509
166,518
175,949
190,427
178,156
179,737
157,660
173,133
108,097
219,498
358,598
392,813
512,006
527,355
575,212
116,890
138,994
0
0
0
267,784
204,703
891,659
944,697
1,184,609
1,862,577
1,942,531
1,893,140
1,952,344
1,210,568
1,204,997
1,247,634
1,290,696
3,904,399
3,863,080
3,995,500
4,172,000
4,241,000
4,309,000
4,327,000
3,873,000
3,385,000
3,165,000
3,414,000
3,466,000
3,120,000
3,120,0003,466,0003,414,0003,165,0003,385,0003,873,0004,327,0004,309,0004,241,0004,172,0003,995,5003,863,0803,904,3991,290,6961,247,6341,204,9971,210,5681,952,3441,893,1401,942,5311,862,5771,184,609944,697891,659204,703267,784000138,994116,890575,212527,355512,006392,813358,598219,498108,097173,133157,660179,737178,156190,427175,949166,518186,509166,833150,819184,725190,175294,052254,896149,702200,982210,161183,550111,710100,799172,72289,385100,97298,894133,033179,993199,271349,106368,573216,212352,344337,306449,410232,258381,537395,712400,989236,4780259,1660181,987000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,822
122,479
236,677
157,694
8,599
60,066
76,605
9,726
0
0
0
0
0
0
0
0
0
0
0
0
0000000000009,72676,60560,0668,599157,694236,677122,47942,822000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
1,526,721
2,228,443
1,521,426
1,608,425
1,611,266
1,671,688
1,702,803
1,684,575
1,658,216
1,771,293
1,796,770
1,694,370
1,944,669
2,032,947
2,098,157
1,154,389
1,325,010
1,432,293
1,384,660
1,300,366
1,456,257
1,687,417
1,871,096
1,500,184
1,713,229
1,881,475
2,049,503
1,632,899
1,804,379
1,929,576
1,874,241
1,779,543
1,934,623
2,135,398
2,096,767
2,378,407
2,533,238
2,270,293
2,177,036
2,297,937
2,465,396
2,395,077
2,631,329
2,653,672
2,869,646
2,682,071
2,778,571
2,492,289
2,581,464
2,600,906
2,644,252
2,787,365
2,889,571
2,940,179
2,969,854
3,069,392
3,136,733
3,242,804
3,151,003
3,008,136
3,066,176
2,982,525
3,067,192
3,165,688
4,090,243
4,148,699
5,203,217
5,205,001
4,942,255
4,815,555
5,021,363
5,219,274
5,504,100
5,684,000
5,989,000
6,109,000
6,424,000
5,879,000
6,361,000
6,176,000
6,556,000
6,250,000
5,601,000
5,601,0006,250,0006,556,0006,176,0006,361,0005,879,0006,424,0006,109,0005,989,0005,684,0005,504,1005,219,2745,021,3634,815,5554,942,2555,205,0015,203,2174,148,6994,090,2433,165,6883,067,1922,982,5253,066,1763,008,1363,151,0033,242,8043,136,7333,069,3922,969,8542,940,1792,889,5712,787,3652,644,2522,600,9062,581,4642,492,2892,778,5712,682,0712,869,6462,653,6722,631,3292,395,0772,465,3962,297,9372,177,0362,270,2932,533,2382,378,4072,096,7672,135,3981,934,6231,779,5431,874,2411,929,5761,804,3791,632,8992,049,5031,881,4751,713,2291,500,1841,871,0961,687,4171,456,2571,300,3661,384,6601,432,2931,325,0101,154,3892,098,1572,032,9471,944,6691,694,3701,796,7701,771,2931,658,2161,684,5751,702,8031,671,6881,611,2661,608,4251,521,4262,228,4431,526,721
   Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
542,163
709,872
709,872
709,872
1,050,301
1,050,301
1,299,048
1,299,048
2,169,384
2,169,384
2,988,162
2,988,162
2,988,162
2,988,162
2,988,162
2,988,162
2,988,200
2,988,000
2,988,000
2,988,000
1,733,000
1,733,000
2,988,000
2,988,000
1,733,000
2,988,000
2,988,000
2,988,0002,988,0001,733,0002,988,0002,988,0001,733,0001,733,0002,988,0002,988,0002,988,0002,988,2002,988,1622,988,1622,988,1622,988,1622,988,1622,988,1622,169,3842,169,3841,299,0481,299,0481,050,3011,050,301709,872709,872709,872542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,163542,16300000000000000000000
   Retained Earnings 
65,378
0
27,674
0
2,841
0
28,353
0
58,858
163,290
192,518
0
244,269
337,224
380,916
0
134,982
219,201
145,533
0
378,397
560,662
690,921
259,971
426,536
639,720
809,290
731,421
564,166
689,363
634,028
539,330
694,410
895,185
856,554
1,136,500
1,266,091
999,158
899,911
1,009,659
1,172,845
1,080,626
1,280,849
1,753,888
1,965,292
1,780,867
1,877,365
1,570,782
1,660,238
1,679,961
1,723,588
1,910,280
2,012,607
2,063,336
2,093,132
2,209,892
2,277,233
2,215,595
2,123,794
2,113,013
1,830,624
1,731,211
1,713,691
1,766,146
1,822,115
1,880,139
2,115,853
2,103,275
230,547
362,609
1,368,084
2,048,677
1,641,800
1,816,000
749,000
2,128,000
337,000
618,000
3,259,000
3,026,000
421,000
783,000
177,000
177,000783,000421,0003,026,0003,259,000618,000337,0002,128,000749,0001,816,0001,641,8002,048,6771,368,084362,609230,5472,103,2752,115,8531,880,1391,822,1151,766,1461,713,6911,731,2111,830,6242,113,0132,123,7942,215,5952,277,2332,209,8922,093,1322,063,3362,012,6071,910,2801,723,5881,679,9611,660,2381,570,7821,877,3651,780,8671,965,2921,753,8881,280,8491,080,6261,172,8451,009,659899,911999,1581,266,0911,136,500856,554895,185694,410539,330634,028689,363564,166731,421809,290639,720426,536259,971690,921560,662378,3970145,533219,201134,9820380,916337,224244,2690192,518163,29058,858028,35302,841027,674065,378
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders 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
100,494
98,744
99,176
99,202
113,564
120,271
127,989
665,117
182,435
874,100
880,000
2,252,000
993,000
3,099,000
2,273,000
114,000
162,000
3,147,000
2,479,000
2,436,000
2,436,0002,479,0003,147,000162,000114,0002,273,0003,099,000993,0002,252,000880,000874,100182,435665,117127,989120,271113,56499,20299,17698,744100,494000000000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in BRL. All numbers in thousands.