Cognex Corporation
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Let's analyse Cognex together

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

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

How much money do you get?

$0.28

When do you have the money?

1 year

How often do you get paid?

90.0%

What is your share worth?

Current worth

$8.72

Expected worth in 1 year

$9.11

How sure are you?

90.0%

+ What do you gain per year?

Total Gains per Share

$0.67

Return On Investment

1.7%

For what price can you sell your share?

Current Price per Share

$39.79

Expected price per share

$34.63 - $42.27

How sure are you?

50%

1. Valuation of Cognex (5 min.)

Live pricePrice per Share (EOD)

$39.79

Book Value per Share

$8.72

Intrinsic Value Per Share

$-11.50 - $7.94

Total Value Per Share

$-2.78 - $16.66

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.26) 3Y: ($0.29) TTM: ($0.13)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($-0.03) TTM: ($-0.08)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.68	$1.10	$0.49 - $1.11
2	$0.82	$2.13	$-0.06 - $1.06
3	$0.47	$3.08	$-0.62 - $1.01
4	$-0.31	$3.96	$-1.17 - $0.96
5	$-1.47	$4.78	$-1.73 - $0.92
6	$-2.96	$5.53	$-2.28 - $0.87
7	$-4.75	$6.21	$-2.84 - $0.82
8	$-6.79	$6.85	$-3.39 - $0.77
9	$-9.05	$7.42	$-3.95 - $0.72
10	$-11.50	$7.94	$-4.50 - $0.68

2. Growth of Cognex (5 min.)

Is Cognex growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.5b	$1.3b	$85.9m	5.8%

How much money is Cognex making?

	Current year	Previous year	Grow	Grow %
Making money	$28.3m	$53.8m	-$25.5m	-90.3%
Net Profit Margin	12.9%	21.2%	-	-

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

Quarterly Yearly

3. Financial Health of Cognex (5 min.)

4. Comparing to competitors in the Scientific & Technical Instruments industry (5 min.)

Industry Rankings (Scientific & Technical Instruments)

Richest
#11 / 156

Most Revenue
#27 / 156

Most Profit
#17 / 156

Most Efficient
#38 / 156

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

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

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

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

Speculation

The Price per Share of Cognex is $39.79. 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 Cognex.
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 Cognex, 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 $8.72. Based on the TTM, the Book Value Change Per Share is $0.10 per quarter. Based on the YOY, the Book Value Change Per Share is $0.09 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 $0.07 per quarter.

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

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	0.07	0.2%	0.16	0.4%	0.31	0.8%	0.28	0.7%	0.26	0.7%
Usd Book Value Change Per Share	0.13	0.3%	0.10	0.2%	0.09	0.2%	0.11	0.3%	0.13	0.3%
Usd Dividend Per Share	0.07	0.2%	0.07	0.2%	0.07	0.2%	0.16	0.4%	0.10	0.2%
Usd Total Gains Per Share	0.21	0.5%	0.17	0.4%	0.16	0.4%	0.27	0.7%	0.23	0.6%
Usd Price Per Share	41.74	-	47.44	-	52.06	-	58.72	-	55.60	-
Price to Earnings Ratio	160.37	-	96.00	-	43.03	-	-55.85	-	-1.93	-
Price-to-Total Gains Ratio	201.50	-	410.79	-	87.54	-	166.07	-	262.78	-
Price to Book Ratio	4.79	-	5.56	-	6.56	-	7.50	-	8.76	-
Price-to-Total Gains Ratio	201.50	-	410.79	-	87.54	-	166.07	-	262.78	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	39.79
Number of shares	25

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.07	0.16
Usd Book Value Change Per Share	0.10	0.11
Usd Total Gains Per Share	0.17	0.27
Gains per Quarter (25 shares)	4.19	6.87
Gains per Year (25 shares)	16.76	27.48

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	7	10	7	16	11	17
2	14	19	24	32	23	44
3	21	29	41	49	34	71
4	28	39	58	65	45	98
5	35	48	75	81	56	125
6	42	58	92	97	68	152
7	50	68	109	114	79	179
8	57	77	126	130	90	206
9	64	87	143	146	101	233
10	71	97	160	162	113	260

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	19.0	1.0	0.0	95.0%	38.0	2.0	0.0	95.0%	130.0	8.0	0.0	94.2%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	15.0	5.0	0.0	75.0%	32.0	8.0	0.0	80.0%	108.0	29.0	1.0	78.3%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	36.0	0.0	4.0	90.0%	74.0	0.0	64.0	53.6%
Total Gains per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	17.0	3.0	0.0	85.0%	36.0	4.0	0.0	90.0%	115.0	22.0	1.0	83.3%

Fundamentals of Cognex

About Cognex Corporation

https://www.cognex.com
Scientific & Technical Instruments
2992
One Vision Drive, Natick, MA, United States, 01760-2059
Google Maps Bing Maps

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. The company offers VisionPro software, a suite of patented vision tools for advanced programming; QuickBuild that allows customers to build vision applications with a graphical, flowchart-based programming interface; and Cognex deep learning vision software. It also provides a range of inspection tasks, including part location, identification, measurement, assembly verification, and robotic guidance; vision sensors for vision applications, such as checking the presence and size of parts; and the In-Sight product line of vision systems and sensors. In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers. It sells its products to automotive, logistics, consumer electronics, medical-related, semiconductor, consumer products, food and beverage, and others, as well as through a network of distributors and integrators. The company was incorporated in 1981 and is headquartered in Natick, Massachusetts.

Fundamental data was last updated by Penke on 2024-04-11 04:05:05.

Financial Health

Profitability Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Cognex Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Cognex to the Scientific & Technical Instruments industry mean.
A Net Profit Margin of 5.7% means that $0.06 for each $1 in revenue is generated as profit.

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

The MRQ is 5.7%. The company is making a profit. +1
The TTM is 12.9%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	5.7%	TTM	12.9%	-7.2%
TTM	12.9%	YOY	21.2%	-8.2%
TTM	12.9%	5Y	21.8%	-8.8%
5Y	21.8%	10Y	25.1%	-3.3%

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
MRQ	5.7%	4.0%	+1.7%
TTM	12.9%	4.1%	+8.8%
YOY	21.2%	6.5%	+14.7%
5Y	21.8%	5.8%	+16.0%
10Y	25.1%	6.8%	+18.3%

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

Revenue is the amount of profit Cognex 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 Cognex 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 Cognex to the Scientific & Technical Instruments industry mean.
Can be used to compare companies within the Scientific & Technical Instruments industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Cognex. If profit margins remain low (compared to the Scientific & Technical Instruments 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 Cognex is 0.06. This means that Cognex earned $0.06 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 Scientific & Technical Instruments industry is 4.0%.
What is the trend?
The trend is important because it shows you how Cognex is performing over time. The most recent quarter might be important if Cognex 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 Cognex 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 Cognex with other companies in the same industry (Scientific & Technical Instruments).
Net profit margin should rise over the years.
Can be influenced when Cognex sells assets (profit will increase while costs remain the same).
It won’t show what part of Cognex 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 Cognex

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 Cognex = 11,229
Total revenue MRQ Cognex = 196,670
$11,229 / $196,670 = 0.06 or 5.7%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

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

Above 5% is considered healthy but always compare Cognex to the Scientific & Technical Instruments industry mean.
0.6% Return on Assets means that Cognex generated $0.01 profit for each $1 in assets.

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

The MRQ is 0.6%. Using its assets, the company is inefficient in making profit. -1
The TTM is 1.4%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	0.6%	TTM	1.4%	-0.9%
TTM	1.4%	YOY	2.8%	-1.4%
TTM	1.4%	5Y	2.7%	-1.2%
5Y	2.7%	10Y	3.4%	-0.8%

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
MRQ	0.6%	0.9%	-0.3%
TTM	1.4%	0.9%	+0.5%
YOY	2.8%	1.4%	+1.4%
5Y	2.7%	1.5%	+1.2%
10Y	3.4%	1.7%	+1.7%

Shows how efficient Cognex 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 Cognex to the Scientific & Technical Instruments 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 Cognex is using its resources to generate profit. If the return on assets (0.6%) from Cognex are higher than the Scientific & Technical Instruments mean (0.9%) that means Cognex 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 Cognex is 0.6%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Scientific & Technical Instruments industry is 0.9%.
What is the trend?
The trend is important because it shows you how Cognex is performing over time. The most recent quarter might be important if Cognex 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 Cognex 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 Cognex

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

Income statement
Balance sheet

Net income MRQ (income statement) from Cognex = 11,229
Total assets MRQ (balance sheet) from Cognex = 2,017,812
11,229 / 2,017,812 = 0.01 or 0.6%

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

Above 15%-20% is considered healthy but always compare Cognex to the Scientific & Technical Instruments industry mean.
0.7% Return on Equity means Cognex generated $0.01 for each $1 the owners (shareholders) invested.

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

The MRQ is 0.7%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 1.9%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.7%	TTM	1.9%	-1.2%
TTM	1.9%	YOY	3.9%	-2.0%
TTM	1.9%	5Y	3.6%	-1.7%
5Y	3.6%	10Y	4.1%	-0.5%

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
MRQ	0.7%	1.7%	-1.0%
TTM	1.9%	1.8%	+0.1%
YOY	3.9%	2.5%	+1.4%
5Y	3.6%	2.6%	+1.0%
10Y	4.1%	2.8%	+1.3%

Shows how efficient Cognex 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 Cognex to the Scientific & Technical Instruments 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 Scientific & Technical Instruments 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 Cognex is 0.7%. This means Cognex 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 Scientific & Technical Instruments industry is 1.7%.
What is the trend?
The trend is important because it shows you how Cognex is performing over time. The most recent quarter might be important if Cognex 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 Cognex up to 10 years back (depending if Cognex 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 Cognex

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Cognex = 11,229
Shareholders equity (balance sheet) MRQ Cognex = 1,504,752
11,229 / 1,504,752 = 0.01 or 0.7%

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

1.2. Operating Efficiency of Cognex Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Cognex is operating .

Measures how much profit Cognex 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 Cognex to the Scientific & Technical Instruments industry mean.
An Operating Margin of 3.0% means the company generated $0.03 for each $1 in revenue (before taxes).

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

The MRQ is 3.0%. The company is operating less efficient.
The TTM is 12.0%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	3.0%	TTM	12.0%	-9.0%
TTM	12.0%	YOY	26.7%	-14.7%
TTM	12.0%	5Y	22.2%	-10.2%
5Y	22.2%	10Y	24.3%	-2.1%

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
MRQ	3.0%	3.4%	-0.4%
TTM	12.0%	3.5%	+8.5%
YOY	26.7%	6.8%	+19.9%
5Y	22.2%	7.4%	+14.8%
10Y	24.3%	8.0%	+16.3%

Measures how efficient Cognex 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 Cognex to the Scientific & Technical Instruments 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 Cognex 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 Cognex is 3.0%. This means that Cognex earned $0.03 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Scientific & Technical Instruments industry is 3.4%.
What is the trend?
The trend is important because it shows you how Cognex is performing over time. The most recent quarter might be important if Cognex 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 Cognex 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 Cognex

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Cognex = 12,729
Total revenue MRQ Cognex = 196,670
$12,729 / $196,670 = 0.03 or 3.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Cognex is keeping operating costs low.

Below 1 is considered healthy (always compare to Scientific & Technical Instruments industry mean).
An Operation Ratio of 0.95 means that the operating costs are $0.95 for each $1 in net sales.

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

The MRQ is 0.949. The company is less efficient in keeping operating costs low.
The TTM is 0.860. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.949	TTM	0.860	+0.089
TTM	0.860	YOY	0.743	+0.117
TTM	0.860	5Y	0.773	+0.087
5Y	0.773	10Y	0.742	+0.031

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
MRQ	0.949	1.429	-0.480
TTM	0.860	1.421	-0.561
YOY	0.743	1.409	-0.666
5Y	0.773	1.350	-0.577
10Y	0.742	1.205	-0.463

Measures how efficient Cognex 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 Cognex to the Scientific & Technical Instruments 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 Cognex is 94.9%. This means that Cognex earned $0.95 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 Scientific & Technical Instruments industry is 1.43.
What is the trend?
The trend is important because it shows you how Cognex is performing over time. The most recent quarter might be important if Cognex 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 Cognex 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 Cognex

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
(61,626 +125,065) \ 196,670 = 0.95

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 Cognex Corporation.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Scientific & Technical Instruments industry mean).
A Current Ratio of 4.47 means the company has $4.47 in assets for each $1 in short-term debts.

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

The MRQ is 4.470. The company is very able to pay all its short-term debts. +2
The TTM is 4.204. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	4.470	TTM	4.204	+0.266
TTM	4.204	YOY	4.128	+0.076
TTM	4.204	5Y	4.942	-0.738
5Y	4.942	10Y	5.919	-0.976

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
MRQ	4.470	2.552	+1.918
TTM	4.204	2.552	+1.652
YOY	4.128	2.377	+1.751
5Y	4.942	2.747	+2.195
10Y	5.919	2.762	+3.157

Measures if Cognex 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 Scientific & Technical Instruments 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 Cognex 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 Cognex is 4.47. This means Cognex has $4.47 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Scientific & Technical Instruments industry is 2.55.
What is the trend?
The trend is important because it shows you how Cognex is performing over time. The most recent quarter might be important if Cognex 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 Cognex 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 Cognex

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
678,997 \ 151,884) = 4.47

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

Above 1 is considered healthy but always compare Cognex to the Scientific & Technical Instruments industry mean.
A Quick Ratio of 3.81 means the company can pay off $3.81 for each $1 in debt (using most liquid assets).

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

The MRQ is 3.806. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 3.928. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	3.806	TTM	3.928	-0.122
TTM	3.928	YOY	4.250	-0.323
TTM	3.928	5Y	5.510	-1.582
5Y	5.510	10Y	7.324	-1.815

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
MRQ	3.806	1.002	+2.804
TTM	3.928	1.024	+2.904
YOY	4.250	1.041	+3.209
5Y	5.510	1.285	+4.225
10Y	7.324	1.343	+5.981

1.4. Solvency of Cognex Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Cognex to Scientific & Technical Instruments industry mean.
A Debt to Asset Ratio of 0.25 means that Cognex assets are financed with 25.4% credit (debt) and the remaining percentage (100% - 25.4%) is financed by its owners/shareholders.

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

The MRQ is 0.254. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.258. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.254	TTM	0.258	-0.004
TTM	0.258	YOY	0.279	-0.021
TTM	0.258	5Y	0.254	+0.005
5Y	0.254	10Y	0.177	+0.077

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
MRQ	0.254	0.365	-0.111
TTM	0.258	0.369	-0.111
YOY	0.279	0.364	-0.085
5Y	0.254	0.342	-0.088
10Y	0.177	0.343	-0.166

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Cognex to Scientific & Technical Instruments 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 Cognex is 0.25. This means means that Cognex is financed with 25.4% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Scientific & Technical Instruments industry is 255.2%.
What is the trend?
The trend is important because it shows you how Cognex is performing over time. The most recent quarter might be important if Cognex 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 Cognex 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 Cognex has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Cognex

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

Balance sheet
Debt to asset ratio = total debt \ total assets
513,060 \ 2,017,812 = 25.4% or 0.25.

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

Below 2 is considered healthy but always compare Cognex to the Scientific & Technical Instruments industry mean.
A Debt to Equity ratio of 34.1% means that company has $0.34 debt for each $1 in shareholders equity.

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

The MRQ is 0.341. The company is very able to pay all its debts with equity. +2
The TTM is 0.348. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.341	TTM	0.348	-0.007
TTM	0.348	YOY	0.388	-0.040
TTM	0.348	5Y	0.347	+0.001
5Y	0.347	10Y	0.230	+0.118

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
MRQ	0.341	0.538	-0.197
TTM	0.348	0.560	-0.212
YOY	0.388	0.561	-0.173
5Y	0.347	0.521	-0.174
10Y	0.230	0.522	-0.292

Measures if Cognex 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 Cognex 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 Cognex is 0.34. This means that Cognex can pay off $0.34 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Scientific & Technical Instruments industry is 0.54.
What is the trend?
The trend is important because it shows you how Cognex is performing over time. The most recent quarter might be important if Cognex 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 Cognex 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 Cognex

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
513,060 \ 1,504,752 = 0.34 or 34.1%

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 Cognex 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 Cognex generates.

Above 15 is considered overpriced but always compare Cognex to the Scientific & Technical Instruments industry mean.
A PE ratio of 160.37 means the investor is paying $160.37 for every $1 in earnings.

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

The EOD is 152.876. Based on the earnings, the company is expensive. -2
The MRQ is 160.369. Based on the earnings, the company is expensive. -2
The TTM is 96.003. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	152.876	MRQ	160.369	-7.492
MRQ	160.369	TTM	96.003	+64.366
TTM	96.003	YOY	43.027	+52.975
TTM	96.003	5Y	-55.847	+151.850
5Y	-55.847	10Y	-1.935	-53.912

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
EOD	152.876	15.189	+137.687
MRQ	160.369	15.022	+145.347
TTM	96.003	16.622	+79.381
YOY	43.027	17.087	+25.940
5Y	-55.847	18.702	-74.549
10Y	-1.935	26.599	-28.534

Measures how much money you pay for each share for every $1 in earnings Cognex 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 Cognex to the Scientific & Technical Instruments 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 Cognex is 160.37. This means the investor is paying $160.37 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Scientific & Technical Instruments industry is 15.02.
What is the trend?
The trend is important because it shows you how Cognex is performing over time. The most recent quarter might be important if Cognex 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 Cognex 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 Cognex

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 \ 172,571 = EPS
PE ratio MRQ = 160.37

* 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 Cognex Corporation:

The EOD is 229.621. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is 240.875. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 121.894. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	229.621	MRQ	240.875	-11.253
MRQ	240.875	TTM	121.894	+118.981
TTM	121.894	YOY	45.256	+76.638
TTM	121.894	5Y	70.062	+51.832
5Y	70.062	10Y	48.098	+21.963

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
EOD	229.621	4.861	+224.760
MRQ	240.875	4.996	+235.879
TTM	121.894	-0.533	+122.427
YOY	45.256	-2.419	+47.675
5Y	70.062	2.081	+67.981
10Y	48.098	-0.401	+48.499

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Scientific & Technical Instruments industry mean).
A PB ratio of 4.79 means the investor is paying $4.79 for each $1 in book value.

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

The EOD is 4.563. Based on the equity, the company is fair priced.
The MRQ is 4.787. Based on the equity, the company is fair priced.
The TTM is 5.564. Based on the equity, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	4.563	MRQ	4.787	-0.224
MRQ	4.787	TTM	5.564	-0.777
TTM	5.564	YOY	6.560	-0.996
TTM	5.564	5Y	7.499	-1.935
5Y	7.499	10Y	8.762	-1.262

Compared to industry (Scientific & Technical Instruments)

Period	Company	Industry (mean)	+/-
EOD	4.563	2.352	+2.211
MRQ	4.787	2.611	+2.176
TTM	5.564	2.587	+2.977
YOY	6.560	3.112	+3.448
5Y	7.499	3.167	+4.332
10Y	8.762	3.752	+5.010

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Cognex Corporation

Institutions are holding 95.273% of the shares of Cognex Corporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	10.0995	0.0158	17334064	203149	1.1859
2023-12-31	BlackRock Inc	8.6468	0.0158	14840783	-1666337	-10.0947
2023-12-31	Bank of New York Mellon Corp	5.9346	0.0862	10185784	-480138	-4.5016
2023-12-31	T. Rowe Price Investment Management,Inc.	3.2489	0.1513	5576143	517810	10.2368
2023-12-31	Brown Capital Management, LLC	3.1575	3.3941	5419313	262003	5.0802
2023-12-31	State Street Corporation	2.9274	0.0102	5024332	-586050	-10.4458
2023-12-31	Capital Research Global Investors	2.0692	0.0365	3551377	4006	0.1129
2023-12-31	Geode Capital Management, LLC	1.8574	0.0139	3188010	36367	1.1539
2023-12-31	AllianceBernstein L.P.	1.7469	0.0482	2998284	-19656	-0.6513
2023-12-31	Impax Asset Management Group PLC	1.6564	0.4764	2842978	31483	1.1198
2023-12-31	William Blair Investment Management, LLC	1.5315	0.3193	2628528	-139763	-5.0487
2023-12-31	Lazard Asset Management LLC	1.2243	0.111	2101358	-3434997	-62.0444
2023-12-31	Nordea Investment Mgmt Bank Demark A/s	1.2035	0.1103	2065693	1260282	156.4769
2023-12-31	Fundsmith LLP	1.1765	0.3528	2019318	-26353	-1.2882
2023-12-31	Mirae Asset Global Investments (Korea) Co Ltd	1.1669	0.17	2002798	52672	2.701
2023-12-31	Disciplined Growth Investors Inc	1.1322	1.7709	1943245	-3876	-0.1991
2023-12-31	Principal Financial Group Inc	1.1222	0.0513	1926061	-7127	-0.3687
2023-12-31	DekaBank Deutsche Girozentrale	1.1099	0.1656	1905000	56715	3.0685
2023-12-31	American Century Companies Inc	1.0549	0.052	1810594	-1492976	-45.1928
2023-12-31	Riverbridge Partners LLC	1.0025	0.8972	1720647	-60485	-3.3959
Total		53.069	8.2488	91084310	-5493271	-6.0%

3.2. Funds holding Cognex Corporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1423	0.0137	5399175	-40737	-0.7489
2024-03-28	iShares Core S&P Mid-Cap ETF	3.1191	0.2673	5359275	0	0
2024-02-29	Vanguard Small Cap Index	2.5824	0.1245	4437102	41163	0.9364
2023-12-31	VA CollegeAmerica Amcap 529A	2.0381	0.1819	3501934	270000	8.3541
2023-12-31	Capital Group AMCAP Composite	2.0381	0.1819	3501934	270000	8.3541
2023-09-30	Brown Capital Mgmt Small Co Inv	1.7494	3.7271	3005819	0	0
2024-01-31	Impax Leaders Strategy Composite	1.5634	1.4244	2686236	152841	6.0331
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4834	0.0985	2548755	1979	0.0777
2024-02-29	Vanguard Small Cap Growth Index Inv	1.4493	0.2815	2490279	37411	1.5252
2023-12-31	T. Rowe Price US Mid-Cap Growth Equity	1.4407	0.3401	2475400	-5900	-0.2378
2023-12-31	T. Rowe Price Mid-Cap Growth	1.4407	0.3412	2475400	-5900	-0.2378
2024-03-28	Global X Robotics & Artfcl Intllgnc ETF	1.2923	3.29	2220457	0	0
2023-11-30	Smithson Investment Trust Ord	1.135	2.4463	1950158	0	0
2023-11-30	Deka-Industrie 4.0 CF	0.9312	1.1733	1600000	-255000	-13.7466
2024-02-29	Vanguard Information Technology ETF	0.9082	0.0808	1560443	118049	8.1842
2023-12-31	Baron Small Cap Retail	0.873	1.3557	1500000	0	0
2023-12-31	Baron Opp. Small Cap Growth Strategy	0.873	1.3538	1500000	0	0
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.8002	0.258	1374896	5164	0.377
2023-12-31	Eagle Mid-Cap Growth - Institutional	0.7995	0.6804	1373793	2567	0.1872
2023-12-31	Lazard Global Robotics & Automation	0.7821	0.9451	1343830	0	0
Total		30.4414	18.5655	52304886	+591637	+1.1%

3.3. Insider Transactions

Insiders are holding 0.245% of the shares of Cognex Corporation.

Date	Owner	Type	Amount	Price	Post Transaction Amount	Link
2024-03-06	Carl Gerst	SELL	6782	40.54

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Cognex 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	-	-	0.133	0.097	+37%	0.089	+48%	0.113	+18%	0.128	+4%
Book Value Per Share	-	-	8.720	8.538	+2%	7.984	+9%	7.878	+11%	6.541	+33%
Current Ratio	-	-	4.470	4.204	+6%	4.128	+8%	4.942	-10%	5.919	-24%
Debt To Asset Ratio	-	-	0.254	0.258	-2%	0.279	-9%	0.254	+0%	0.177	+44%
Debt To Equity Ratio	-	-	0.341	0.348	-2%	0.388	-12%	0.347	-2%	0.230	+48%
Dividend Per Share	-	-	0.075	0.071	+5%	0.066	+13%	0.162	-54%	0.098	-24%
Eps	-	-	0.065	0.163	-60%	0.308	-79%	0.280	-77%	0.261	-75%
Free Cash Flow Per Share	-	-	0.043	0.129	-67%	0.321	-86%	0.304	-86%	0.262	-83%
Free Cash Flow To Equity Per Share	-	-	-0.148	-0.052	-65%	-0.022	-85%	0.060	-349%	0.072	-306%
Gross Profit Margin	-	-	1.000	1.000	0%	0.949	+5%	1.030	-3%	1.015	-1%
Intrinsic Value_10Y_max	-	-	7.944	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-11.500	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.103	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.679	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	3.080	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	0.467	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	4.776	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-1.470	-	-	-	-	-	-	-	-
Market Cap	6836757271.680	-5%	7203113540.000	8225863847.500	-12%	9107284780.000	-21%	10333845191.250	-30%	9812562435.875	-27%
Net Profit Margin	-	-	0.057	0.129	-56%	0.212	-73%	0.218	-74%	0.251	-77%
Operating Margin	-	-	0.030	0.120	-75%	0.267	-89%	0.222	-87%	0.243	-88%
Operating Ratio	-	-	0.949	0.860	+10%	0.743	+28%	0.773	+23%	0.742	+28%
Pb Ratio	4.563	-5%	4.787	5.564	-14%	6.560	-27%	7.499	-36%	8.762	-45%
Pe Ratio	152.876	-5%	160.369	96.003	+67%	43.027	+273%	-55.847	+135%	-1.935	+101%
Price Per Share	39.790	-5%	41.740	47.438	-12%	52.058	-20%	58.717	-29%	55.598	-25%
Price To Free Cash Flow Ratio	229.621	-5%	240.875	121.894	+98%	45.256	+432%	70.062	+244%	48.098	+401%
Price To Total Gains Ratio	192.085	-5%	201.499	410.786	-51%	87.542	+130%	166.070	+21%	262.782	-23%
Quick Ratio	-	-	3.806	3.928	-3%	4.250	-10%	5.510	-31%	7.324	-48%
Return On Assets	-	-	0.006	0.014	-61%	0.028	-80%	0.027	-79%	0.034	-84%
Return On Equity	-	-	0.007	0.019	-61%	0.039	-81%	0.036	-79%	0.041	-82%
Total Gains Per Share	-	-	0.207	0.168	+24%	0.155	+34%	0.275	-25%	0.226	-8%
Usd Book Value	-	-	1504752000.000	1480036000.000	+2%	1394086000.000	+8%	1382671300.000	+9%	1151073525.000	+31%
Usd Book Value Change Per Share	-	-	0.133	0.097	+37%	0.089	+48%	0.113	+18%	0.128	+4%
Usd Book Value Per Share	-	-	8.720	8.538	+2%	7.984	+9%	7.878	+11%	6.541	+33%
Usd Dividend Per Share	-	-	0.075	0.071	+5%	0.066	+13%	0.162	-54%	0.098	-24%
Usd Eps	-	-	0.065	0.163	-60%	0.308	-79%	0.280	-77%	0.261	-75%
Usd Free Cash Flow	-	-	7476000.000	22459750.000	-67%	55934750.000	-87%	53638250.000	-86%	46216350.000	-84%
Usd Free Cash Flow Per Share	-	-	0.043	0.129	-67%	0.321	-86%	0.304	-86%	0.262	-83%
Usd Free Cash Flow To Equity Per Share	-	-	-0.148	-0.052	-65%	-0.022	-85%	0.060	-349%	0.072	-306%
Usd Market Cap	6836757271.680	-5%	7203113540.000	8225863847.500	-12%	9107284780.000	-21%	10333845191.250	-30%	9812562435.875	-27%
Usd Price Per Share	39.790	-5%	41.740	47.438	-12%	52.058	-20%	58.717	-29%	55.598	-25%
Usd Profit	-	-	11229000.000	28308500.000	-60%	53881250.000	-79%	49434550.000	-77%	46081675.000	-76%
Usd Revenue	-	-	196670000.000	209386750.000	-6%	251522500.000	-22%	220869000.000	-11%	186032725.000	+6%
Usd Total Gains Per Share	-	-	0.207	0.168	+24%	0.155	+34%	0.275	-25%	0.226	-8%
	EOD	+4 -4	MRQ	TTM	+14 -21	YOY	+16 -20	5Y	+9 -27	10Y	+8 -28

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	152.876
Price to Book Ratio (EOD)	Between	0-1	4.563
Net Profit Margin (MRQ)	Greater than	0	0.057
Operating Margin (MRQ)	Greater than	0	0.030
Quick Ratio (MRQ)	Greater than	1	3.806
Current Ratio (MRQ)	Greater than	1	4.470
Debt to Asset Ratio (MRQ)	Less than	1	0.254
Debt to Equity Ratio (MRQ)	Less than	1	0.341
Return on Equity (MRQ)	Greater than	0.15	0.007
Return on Assets (MRQ)	Greater than	0.05	0.006
Total			6/10 (60.0%)

Create your own Stock Scanner

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

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	47.561
Ma 20	Greater than	Ma 50	40.306
Ma 50	Greater than	Ma 100	40.237
Ma 100	Greater than	Ma 200	39.452
Open	Greater than	Close	39.280
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

Latest Balance Sheet

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

Summary

Total Assets	2,017,812
Total Liabilities	513,060
Total Stockholder Equity	1,504,752

	As reported
Total Liabilities	513,060
Total Stockholder Equity	+ 1,504,752
Total Assets	= 2,017,812

Assets

Total Assets	2,017,812
Total Current Assets	678,997
Long-term Assets	1,338,815

Total Current Assets

Total Current Assets (as reported)	678,997
Cash And Cash Equivalents	202,655
Short-term Investments	129,392
Net Receivables	116,566
Inventory	162,285
Other Current Assets	68,099
Total Current Assets (calculated)	678,997
+/-	0

Long-term Assets

Long-term Assets (as reported)	1,338,815
Property Plant Equipment	180,964
Goodwill	393,181
Long Term Investments	244,230
Intangible Assets	112,952
Long-term Assets Other	7,088
Long-term Assets (calculated)	938,415
+/-	400,400

Liabilities & Shareholders' Equity

Total Current Liabilities	151,884
Long-term Liabilities	361,176
Total Stockholder Equity	1,504,752

Total Current Liabilities

Total Current Liabilities (as reported)	151,884
Short-term Debt	9,624
Accounts payable	21,454
Other Current Liabilities	89,281
Total Current Liabilities (calculated)	120,359
+/-	31,525

Long-term Liabilities

Long-term Liabilities (as reported)	361,176
Capital Lease Obligations	78,601
Long-term Liabilities Other	299
Long-term Liabilities (calculated)	78,900
+/-	282,276

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,504,752
Common Stock	343
Retained Earnings	512,543
Accumulated Other Comprehensive Income	-45,336
Other Stockholders Equity	1,037,202
Total Stockholder Equity (calculated)	1,504,752
+/-	0

Other

Capital Stock	343
Cash and Short Term Investments	332,047
Common Stock Shares Outstanding	172,571
Current Deferred Revenue	31,525
Liabilities and Stockholders Equity	2,017,812
Net Debt	-124,054
Net Invested Capital	1,504,752
Net Working Capital	527,113
Property Plant and Equipment Gross	281,337
Short Long Term Debt Total	78,601

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

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1996-12-31

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1995-12-31

1995-09-30

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1995-03-31

1994-12-31

1994-09-30

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1993-03-31

1992-12-31

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1992-03-31

1991-12-31

1991-09-30

1991-06-30

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1990-12-31

1990-09-30

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1990-03-31

1989-12-31

1989-09-30

1989-06-30

1989-03-31

> Total Assets

0
10,600
17,500
18,200
21,800
22,800
26,100
27,800
31,800
33,700
37,800
41,700
44,800
46,400
46,500
48,000
50,000
52,700
56,800
60,800
66,200
69,800
76,200
112,800
121,300
131,600
147,900
162,200
182,400
189,800
192,900
201,300
211,300
223,000
243,300
261,800
276,300
251,600
241,400
247,900
254,900
270,400
287,200
314,800
347,651
382,476
409,494
436,141
428,899
430,505
427,923
406,904
404,893
405,618
384,315
385,503
388,761
401,415
422,635
432,533
463,721
495,988
517,497
533,308
524,712
532,110
560,181
564,562
555,498
538,349
529,483
528,651
534,077
512,302
538,931
539,546
532,163
534,310
501,529
474,047
445,695
444,352
446,897
439,869
443,193
454,469
499,738
533,104
564,650
602,657
598,507
611,881
637,981
646,746
662,115
627,605
652,528
670,376
692,750
709,699
717,517
760,456
816,402
821,734
838,345
878,206
887,400
887,756
913,637
964,440
1,020,087
1,038,604
1,096,244
1,160,998
1,258,517
1,287,870
1,268,915
1,276,310
1,324,696
1,289,667
1,353,772
1,349,920
1,390,452
1,885,935
1,885,077
1,934,864
2,060,515
1,800,702
1,908,956
2,024,921
2,048,803
2,003,662
1,934,115
1,943,083
1,900,236
1,958,140
1,974,066
1,998,114
1,989,899
2,017,812

2,017,812

1,989,899

1,998,114

1,974,066

1,958,140

1,900,236

1,943,083

1,934,115

2,003,662

2,048,803

2,024,921

1,908,956

1,800,702

2,060,515

1,934,864

1,885,077

1,885,935

1,390,452

1,349,920

1,353,772

1,289,667

1,324,696

1,276,310

1,268,915

1,287,870

1,258,517

1,160,998

1,096,244

1,038,604

1,020,087

964,440

913,637

887,756

887,400

878,206

838,345

821,734

816,402

760,456

717,517

709,699

692,750

670,376

652,528

627,605

662,115

646,746

637,981

611,881

598,507

602,657

564,650

533,104

499,738

454,469

443,193

439,869

446,897

444,352

445,695

474,047

501,529

534,310

532,163

539,546

538,931

512,302

534,077

528,651

529,483

538,349

555,498

564,562

560,181

532,110

524,712

533,308

517,497

495,988

463,721

432,533

422,635

401,415

388,761

385,503

384,315

405,618

404,893

406,904

427,923

430,505

428,899

436,141

409,494

382,476

347,651

314,800

287,200

270,400

254,900

247,900

241,400

251,600

276,300

261,800

243,300

223,000

211,300

201,300

192,900

189,800

182,400

162,200

147,900

131,600

121,300

112,800

76,200

69,800

66,200

60,800

56,800

52,700

50,000

48,000

46,500

46,400

44,800

41,700

37,800

33,700

31,800

27,800

26,100

22,800

21,800

18,200

17,500

10,600

> Total Current Assets

0
9,400
16,200
16,900
20,300
21,100
24,200
25,200
29,300
31,600
35,600
39,400
42,400
43,800
43,500
45,000
47,000
49,500
53,400
57,400
56,300
59,100
61,700
97,700
105,900
110,600
122,900
135,800
154,600
161,200
162,900
169,400
179,100
188,800
207,800
224,000
237,500
210,800
201,200
207,300
214,900
231,300
249,000
268,800
289,231
318,464
337,944
219,740
206,026
234,039
205,219
172,572
182,407
181,326
194,293
193,791
176,383
176,789
191,005
197,598
253,648
308,385
321,241
312,961
340,720
277,666
313,403
326,653
335,231
305,223
299,891
313,081
302,790
252,814
289,417
307,679
307,542
304,239
284,666
264,424
248,280
251,770
254,126
249,354
247,720
228,165
257,389
279,005
303,623
342,301
274,339
285,346
302,910
464,181
250,226
239,597
482,489
277,179
520,195
533,830
189,881
268,256
257,749
633,469
653,545
490,103
486,135
701,711
492,930
485,724
530,828
829,809
593,944
581,848
645,083
1,022,749
1,000,662
759,547
1,052,740
1,008,365
773,245
678,874
625,781
1,009,061
595,287
646,475
1,194,679
601,691
625,571
692,878
672,067
1,150,814
672,880
734,758
1,022,477
1,102,147
722,163
718,382
846,991
678,997

678,997

846,991

718,382

722,163

1,102,147

1,022,477

734,758

672,880

1,150,814

672,067

692,878

625,571

601,691

1,194,679

646,475

595,287

1,009,061

625,781

678,874

773,245

1,008,365

1,052,740

759,547

1,000,662

1,022,749

645,083

581,848

593,944

829,809

530,828

485,724

492,930

701,711

486,135

490,103

653,545

633,469

257,749

268,256

189,881

533,830

520,195

277,179

482,489

239,597

250,226

464,181

302,910

285,346

274,339

342,301

303,623

279,005

257,389

228,165

247,720

249,354

254,126

251,770

248,280

264,424

284,666

304,239

307,542

307,679

289,417

252,814

302,790

313,081

299,891

305,223

335,231

326,653

313,403

277,666

340,720

312,961

321,241

308,385

253,648

197,598

191,005

176,789

176,383

193,791

194,293

181,326

182,407

172,572

205,219

234,039

206,026

219,740

337,944

318,464

289,231

268,800

249,000

231,300

214,900

207,300

201,200

210,800

237,500

224,000

207,800

188,800

179,100

169,400

162,900

161,200

154,600

135,800

122,900

110,600

105,900

97,700

61,700

59,100

56,300

57,400

53,400

49,500

47,000

45,000

43,500

43,800

42,400

39,400

35,600

31,600

29,300

25,200

24,200

21,100

20,300

16,900

16,200

9,400

Cash And Cash Equivalents

0
5,400
8,200
6,000
6,200
3,000
4,700
4,100
14,400
19,800
10,900
13,400
14,300
11,800
11,800
14,400
14,400
19,000
21,400
21,800
18,600
17,900
17,700
56,300
36,200
23,300
22,700
23,900
41,000
37,200
44,400
48,400
55,800
44,800
38,600
38,200
36,800
20,700
24,400
27,800
33,300
33,900
200,700
48,700
229,809
248,500
260,518
42,925
42,935
47,612
48,013
31,660
31,119
34,083
47,108
60,864
50,969
51,442
58,991
76,227
105,982
70,753
65,105
54,270
55,062
64,759
92,025
72,856
81,880
79,050
89,550
87,361
91,666
78,765
107,343
104,144
139,464
131,363
125,094
127,138
123,020
125,454
127,162
119,831
114,664
37,942
38,213
33,203
37,014
42,676
30,175
38,103
41,559
205,992
54,158
45,160
413,652
47,874
443,738
455,121
42,463
40,172
38,179
546,995
548,823
61,691
79,563
621,531
79,914
54,929
61,145
745,170
92,428
68,266
111,349
827,984
803,382
129,202
809,316
797,599
105,296
89,104
121,701
845,353
239,197
286,021
1,013,064
269,073
242,688
217,037
203,479
907,364
165,769
177,046
817,632
854,250
164,171
177,485
395,501
202,655

202,655

395,501

177,485

164,171

854,250

817,632

177,046

165,769

907,364

203,479

217,037

242,688

269,073

1,013,064

286,021

239,197

845,353

121,701

89,104

105,296

797,599

809,316

129,202

803,382

827,984

111,349

68,266

92,428

745,170

61,145

54,929

79,914

621,531

79,563

61,691

548,823

546,995

38,179

40,172

42,463

455,121

443,738

47,874

413,652

45,160

54,158

205,992

41,559

38,103

30,175

42,676

37,014

33,203

38,213

37,942

114,664

119,831

127,162

125,454

123,020

127,138

125,094

131,363

139,464

104,144

107,343

78,765

91,666

87,361

89,550

79,050

81,880

72,856

92,025

64,759

55,062

54,270

65,105

70,753

105,982

76,227

58,991

51,442

50,969

60,864

47,108

34,083

31,119

31,660

48,013

47,612

42,935

42,925

260,518

248,500

229,809

48,700

200,700

33,900

33,300

27,800

24,400

20,700

36,800

38,200

38,600

44,800

55,800

48,400

44,400

37,200

41,000

23,900

22,700

23,300

36,200

56,300

17,700

17,900

18,600

21,800

21,400

19,000

14,400

11,800

14,300

13,400

10,900

19,800

14,400

4,100

4,700

3,000

6,200

6,000

8,200

5,400

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
49,500
59,600
63,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
62,900
0
0
0
85,429
85,128
109,900
84,448
78,513
90,147
85,563
83,075
75,769
68,451
61,709
66,709
56,406
80,752
167,052
181,764
180,409
217,244
133,677
140,959
169,156
169,162
134,781
120,638
128,319
115,463
81,857
87,824
113,179
73,469
77,052
64,091
52,559
52,494
54,594
55,527
55,563
55,330
97,350
113,516
147,823
170,342
202,012
142,409
144,431
159,209
59,943
101,870
105,105
125,411
135,289
186,572
184,822
41,777
83,677
49,758
90,456
142,343
223,464
272,584
296,468
319,789
294,593
328,378
341,194
376,027
342,402
273,261
297,961
337,629
353,740
420,016
427,348
441,337
364,487
292,072
240,470
159,244
143,084
95,365
103,240
143,233
190,747
189,113
137,455
148,966
182,634
208,430
218,759
216,703
191,474
117,147
129,392

129,392

117,147

191,474

216,703

218,759

208,430

182,634

148,966

137,455

189,113

190,747

143,233

103,240

95,365

143,084

159,244

240,470

292,072

364,487

441,337

427,348

420,016

353,740

337,629

297,961

273,261

342,402

376,027

341,194

328,378

294,593

319,789

296,468

272,584

223,464

142,343

90,456

49,758

83,677

41,777

184,822

186,572

135,289

125,411

105,105

101,870

59,943

159,209

144,431

142,409

202,012

170,342

147,823

113,516

97,350

55,330

55,563

55,527

54,594

52,494

52,559

64,091

77,052

73,469

113,179

87,824

81,857

115,463

128,319

120,638

134,781

169,162

169,156

140,959

133,677

217,244

180,409

181,764

167,052

80,752

56,406

66,709

61,709

68,451

75,769

83,075

85,563

90,147

78,513

84,448

109,900

85,128

85,429

62,900

63,000

59,600

49,500

Net Receivables

0
2,100
1,800
1,700
2,100
2,400
2,400
2,700
3,000
4,500
4,200
4,200
4,000
2,900
4,000
3,500
5,400
5,500
6,700
7,400
8,200
9,400
10,000
9,200
11,700
16,100
20,000
24,300
22,100
22,000
16,900
22,200
22,700
31,700
31,600
28,800
33,400
31,100
24,300
25,900
17,700
22,400
25,200
29,400
32,217
39,075
42,461
47,031
25,290
23,233
21,178
17,064
17,372
19,284
21,645
18,981
21,510
25,846
28,899
26,697
26,456
34,204
37,495
33,816
29,303
36,283
38,063
42,051
42,200
44,639
39,893
40,055
38,042
35,520
39,687
38,923
44,009
40,125
44,201
30,510
21,895
23,699
25,246
30,964
33,722
41,197
47,202
45,901
42,124
42,480
45,827
48,206
45,595
48,385
44,761
42,387
42,780
45,215
48,832
53,015
51,947
69,780
113,241
50,938
56,264
96,376
71,012
42,846
45,095
86,719
92,158
57,655
59,525
84,532
173,588
126,842
100,881
139,687
149,389
127,484
116,626
117,943
118,617
103,447
105,948
112,649
127,755
131,328
130,485
150,945
137,109
130,348
156,912
173,682
96,292
125,417
146,508
150,107
132,130
116,566

116,566

132,130

150,107

146,508

125,417

96,292

173,682

156,912

130,348

137,109

150,945

130,485

131,328

127,755

112,649

105,948

103,447

118,617

117,943

116,626

127,484

149,389

139,687

100,881

126,842

173,588

84,532

59,525

57,655

92,158

86,719

45,095

42,846

71,012

96,376

56,264

50,938

113,241

69,780

51,947

53,015

48,832

45,215

42,780

42,387

44,761

48,385

45,595

48,206

45,827

42,480

42,124

45,901

47,202

41,197

33,722

30,964

25,246

23,699

21,895

30,510

44,201

40,125

44,009

38,923

39,687

35,520

38,042

40,055

39,893

44,639

42,200

42,051

38,063

36,283

29,303

33,816

37,495

34,204

26,456

26,697

28,899

25,846

21,510

18,981

21,645

19,284

17,372

17,064

21,178

23,233

25,290

47,031

42,461

39,075

32,217

29,400

25,200

22,400

17,700

25,900

24,300

31,100

33,400

28,800

31,600

31,700

22,700

22,200

16,900

22,000

22,100

24,300

20,000

16,100

11,700

9,200

10,000

9,400

8,200

7,400

6,700

5,500

5,400

3,500

4,000

2,900

4,000

4,200

4,500

3,000

2,700

2,400

2,100

1,700

1,800

2,100

Other Current Assets

0
800
5,100
8,300
11,100
14,700
15,900
17,500
10,600
6,200
19,600
20,700
23,000
27,900
26,200
25,500
25,000
22,100
22,200
25,200
25,600
27,500
29,800
27,800
52,500
65,800
71,200
75,000
78,900
89,200
93,300
91,800
92,600
105,700
129,400
149,200
158,200
149,300
141,300
142,800
151,700
164,400
11,700
116,900
14,679
16,308
16,154
16,691
18,200
18,100
15,890
22,257
21,774
20,914
23,400
19,225
17,936
21,194
21,254
22,749
26,237
21,559
20,162
24,375
21,312
24,890
23,777
23,771
19,968
20,714
21,615
26,763
24,895
24,014
24,515
23,974
22,472
3,170
24,717
29,154
26,476
25,645
25,266
26,164
26,127
31,576
34,591
29,361
26,881
28,129
27,333
26,508
28,740
390,683
24,442
20,763
20,094
22,148
25,592
27,876
25,260
43,890
25,361
31,982
26,847
69,172
23,135
22,975
12,512
23,601
21,921
20,870
33,349
50,157
38,824
30,800
26,068
47,362
27,687
34,000
30,778
34,451
28,127
26,840
35,913
51,768
37,411
37,220
47,773
65,646
61,196
68,742
64,573
105,384
106,046
67,490
67,634
73,090
68,347
68,099

68,099

68,347

73,090

67,634

67,490

106,046

105,384

64,573

68,742

61,196

65,646

47,773

37,220

37,411

51,768

35,913

26,840

28,127

34,451

30,778

34,000

27,687

47,362

26,068

30,800

38,824

50,157

33,349

20,870

21,921

23,601

12,512

22,975

23,135

69,172

26,847

31,982

25,361

43,890

25,260

27,876

25,592

22,148

20,094

20,763

24,442

390,683

28,740

26,508

27,333

28,129

26,881

29,361

34,591

31,576

26,127

26,164

25,266

25,645

26,476

29,154

24,717

3,170

22,472

23,974

24,515

24,014

24,895

26,763

21,615

20,714

19,968

23,771

23,777

24,890

21,312

24,375

20,162

21,559

26,237

22,749

21,254

21,194

17,936

19,225

23,400

20,914

21,774

22,257

15,890

18,100

18,200

16,691

16,154

16,308

14,679

116,900

11,700

164,400

151,700

142,800

141,300

149,300

158,200

149,200

129,400

105,700

92,600

91,800

93,300

89,200

78,900

75,000

71,200

65,800

52,500

27,800

29,800

27,500

25,600

25,200

22,200

22,100

25,000

25,500

26,200

27,900

23,000

20,700

19,600

6,200

10,600

17,500

15,900

14,700

11,100

8,300

5,100

800

> Long-term Assets

0
1,200
1,300
1,300
1,500
1,700
1,900
2,600
2,500
2,100
2,200
2,300
2,400
2,600
3,000
3,000
3,000
3,200
3,400
3,400
9,900
10,700
14,500
15,100
15,400
21,000
25,000
26,400
27,800
28,600
30,000
31,900
32,200
34,200
35,500
37,800
38,800
40,800
40,200
40,600
40,000
39,100
38,200
46,000
58,420
64,012
71,550
216,401
222,873
196,466
222,704
234,332
222,486
224,292
190,022
191,712
212,378
224,626
231,630
234,935
210,073
187,603
196,256
220,347
183,992
254,444
246,778
237,909
220,267
233,126
229,592
215,570
231,287
259,488
249,514
231,867
224,621
230,071
216,863
209,623
197,415
192,582
192,771
190,515
195,473
226,304
242,349
254,099
261,027
260,356
324,168
326,535
335,071
182,565
411,889
388,008
170,039
393,197
172,555
175,869
527,636
492,200
558,653
188,265
184,800
388,103
401,265
186,045
420,707
478,716
489,259
208,795
502,300
579,150
613,434
265,121
268,253
516,763
271,956
281,302
580,527
671,046
764,671
876,874
1,289,790
1,288,389
865,836
1,199,011
1,283,385
1,332,043
1,376,736
852,848
1,261,235
1,208,325
877,759
855,993
1,251,903
1,279,732
1,142,908
1,338,815

1,338,815

1,142,908

1,279,732

1,251,903

855,993

877,759

1,208,325

1,261,235

852,848

1,376,736

1,332,043

1,283,385

1,199,011

865,836

1,288,389

1,289,790

876,874

764,671

671,046

580,527

281,302

271,956

516,763

268,253

265,121

613,434

579,150

502,300

208,795

489,259

478,716

420,707

186,045

401,265

388,103

184,800

188,265

558,653

492,200

527,636

175,869

172,555

393,197

170,039

388,008

411,889

182,565

335,071

326,535

324,168

260,356

261,027

254,099

242,349

226,304

195,473

190,515

192,771

192,582

197,415

209,623

216,863

230,071

224,621

231,867

249,514

259,488

231,287

215,570

229,592

233,126

220,267

237,909

246,778

254,444

183,992

220,347

196,256

187,603

210,073

234,935

231,630

224,626

212,378

191,712

190,022

224,292

222,486

234,332

222,704

196,466

222,873

216,401

71,550

64,012

58,420

46,000

38,200

39,100

40,000

40,600

40,200

40,800

38,800

37,800

35,500

34,200

32,200

31,900

30,000

28,600

27,800

26,400

25,000

21,000

15,400

15,100

14,500

10,700

9,900

3,400

3,200

3,000

2,600

2,400

2,300

2,200

2,100

2,500

2,600

1,900

1,700

1,500

1,300

1,200

Property Plant Equipment

0
1,100
1,100
1,100
1,300
1,500
1,600
1,700
1,600
1,800
1,900
2,000
2,100
2,100
2,400
2,600
2,600
2,800
3,000
3,100
9,500
10,300
13,800
14,500
14,800
20,500
20,900
22,100
23,800
24,700
26,300
28,300
28,900
30,900
31,800
33,000
33,200
34,600
34,700
34,300
33,300
32,600
32,300
31,600
32,165
33,312
32,673
34,012
34,295
33,882
32,888
31,213
30,220
29,617
28,279
27,405
26,556
25,862
25,083
24,980
24,500
24,117
23,835
23,995
23,573
24,216
24,100
24,175
24,240
24,220
24,335
26,028
26,509
26,525
26,327
26,680
27,525
28,024
27,334
27,764
28,011
28,197
28,959
28,576
28,290
27,981
28,316
29,596
30,063
30,590
30,869
31,744
32,720
33,663
34,344
34,820
34,647
35,343
35,565
37,136
37,826
38,321
39,318
47,907
48,692
49,905
51,105
53,285
53,413
53,406
55,730
53,992
57,255
61,196
65,957
78,048
85,205
87,893
88,930
91,396
108,627
107,270
104,235
106,965
104,048
109,755
106,167
101,755
97,865
98,249
101,036
100,703
110,087
111,596
110,939
117,396
119,043
150,232
149,725
180,964

180,964

149,725

150,232

119,043

117,396

110,939

111,596

110,087

100,703

101,036

98,249

97,865

101,755

106,167

109,755

104,048

106,965

104,235

107,270

108,627

91,396

88,930

87,893

85,205

78,048

65,957

61,196

57,255

53,992

55,730

53,406

53,413

53,285

51,105

49,905

48,692

47,907

39,318

38,321

37,826

37,136

35,565

35,343

34,647

34,820

34,344

33,663

32,720

31,744

30,869

30,590

30,063

29,596

28,316

27,981

28,290

28,576

28,959

28,197

28,011

27,764

27,334

28,024

27,525

26,680

26,327

26,525

26,509

26,028

24,335

24,220

24,240

24,175

24,100

24,216

23,573

23,995

23,835

24,117

24,500

24,980

25,083

25,862

26,556

27,405

28,279

29,617

30,220

31,213

32,888

33,882

34,295

34,012

32,673

33,312

32,165

31,600

32,300

32,600

33,300

34,300

34,700

34,600

33,200

33,000

31,800

30,900

28,900

28,300

26,300

24,700

23,800

22,100

20,900

20,500

14,800

14,500

13,800

10,300

9,500

3,100

3,000

2,800

2,600

2,400

2,100

2,000

1,900

1,800

1,600

1,700

1,600

1,500

1,300

1,100

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
3,359
3,616
3,600
4,661
3,802
5,360
5,376
7,222
6,447
6,462
6,562
14,539
6,800
80,700
80,700
129,856
79,922
83,060
82,976
83,318
83,391
83,975
84,621
86,461
87,358
81,488
81,041
80,765
80,453
80,839
82,739
82,604
82,262
81,720
82,313
82,204
82,524
82,654
82,277
82,029
82,181
81,820
81,689
81,689
81,689
81,689
81,689
81,689
81,689
81,689
81,689
81,689
81,689
77,388
81,448
81,448
81,448
81,448
82,831
95,280
95,280
115,089
113,208
113,208
113,208
113,208
113,208
113,208
113,208
113,208
113,208
243,445
242,214
242,436
243,129
244,078
243,036
242,906
241,799
241,713
241,180
239,798
237,509
242,630
242,041
241,582
241,042
393,181

393,181

241,042

241,582

242,041

242,630

237,509

239,798

241,180

241,713

241,799

242,906

243,036

244,078

243,129

242,436

242,214

243,445

113,208

115,089

95,280

82,831

81,448

77,388

81,689

81,820

82,181

82,029

82,277

82,654

82,524

82,204

82,313

81,720

82,262

82,604

82,739

80,839

80,453

80,765

81,041

81,488

87,358

86,461

84,621

83,975

83,391

83,318

82,976

83,060

79,922

129,856

80,700

6,800

14,539

6,562

6,462

6,447

7,222

5,376

5,360

3,802

4,661

3,600

3,616

3,359

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
64,549
88,590
102,055
109,069
108,700
173,521
174,906
183,965
124,748
259,910
238,255
245,484
243,108
226,720
229,655
379,916
343,725
409,283
400,845
370,433
233,752
240,504
273,088
249,760
307,703
315,927
324,335
312,850
354,658
386,501
423,441
356,181
271,941
281,929
262,039
317,054
408,032
504,641
433,452
446,955
467,087
619,343
395,125
490,363
543,965
592,794
583,748
479,429
428,401
343,198
454,117
463,039
463,494
332,991
244,230

244,230

332,991

463,494

463,039

454,117

343,198

428,401

479,429

583,748

592,794

543,965

490,363

395,125

619,343

467,087

446,955

433,452

504,641

408,032

317,054

262,039

281,929

271,941

356,181

423,441

386,501

354,658

312,850

324,335

315,927

307,703

249,760

273,088

240,504

233,752

370,433

400,845

409,283

343,725

379,916

229,655

226,720

243,108

245,484

238,255

259,910

124,748

183,965

174,906

173,521

108,700

109,069

102,055

88,590

64,549

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,638
0
0
0
1,179
4,741
4,860
4,640
4,661
4,619
11,140
10,893
8,582
14,407
14,060
13,903
14,539
13,564
133,626
132,270
129,856
48,704
47,822
46,300
44,988
43,617
42,249
41,023
39,724
38,593
36,888
33,752
31,278
28,779
27,711
29,604
28,337
27,037
25,721
24,480
23,130
22,084
21,047
19,969
18,910
17,873
16,820
15,783
14,770
13,809
12,849
11,890
14,723
13,807
12,892
11,789
10,699
9,606
7,653
7,361
6,315
5,270
4,453
4,716
8,312
7,440
15,226
14,427
13,189
12,420
11,651
10,882
10,113
9,344
8,575
7,994
39,490
38,102
17,337
16,482
15,555
14,628
13,702
12,782
11,888
11,048
10,226
9,420
12,414
11,472
10,729
9,986
112,952

112,952

9,986

10,729

11,472

12,414

9,420

10,226

11,048

11,888

12,782

13,702

14,628

15,555

16,482

17,337

38,102

39,490

7,994

8,575

9,344

10,113

10,882

11,651

12,420

13,189

14,427

15,226

7,440

8,312

4,716

4,453

5,270

6,315

7,361

7,653

9,606

10,699

11,789

12,892

13,807

14,723

11,890

12,849

13,809

14,770

15,783

16,820

17,873

18,910

19,969

21,047

22,084

23,130

24,480

25,721

27,037

28,337

29,604

27,711

28,779

31,278

33,752

36,888

38,593

39,724

41,023

42,249

43,617

44,988

46,300

47,822

48,704

129,856

132,270

133,626

13,564

14,539

13,903

14,060

14,407

8,582

10,893

11,140

4,619

4,661

4,640

4,860

4,741

1,179

20,638

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,255
30,700
38,877
182,389
188,578
162,584
189,816
203,119
192,266
194,675
161,743
164,307
185,822
198,764
206,547
209,955
185,573
163,486
172,421
196,352
160,419
230,228
222,678
213,734
196,027
208,906
205,257
189,542
204,778
232,963
223,187
205,187
197,096
202,047
189,529
181,859
169,404
164,385
163,812
161,939
167,183
198,323
214,033
224,503
230,964
229,766
293,299
294,791
302,351
243,208
377,545
353,188
360,782
357,854
338,118
340,512
489,810
453,879
519,335
509,221
479,694
338,198
350,160
382,873
367,294
425,310
433,529
458,268
445,045
517,954
547,477
579,714
31,352
32,070
31,249
32,585
32,294
33,961
34,593
455,352
458,471
451,774
447,258
860,205
437,493
433,221
428,325
425,812
419,491
418,304
411,703
413,884
0
413,695
409,164
0

409,164

413,695

413,884

411,703

418,304

419,491

425,812

428,325

433,221

437,493

860,205

447,258

451,774

458,471

455,352

34,593

33,961

32,294

32,585

31,249

32,070

31,352

579,714

547,477

517,954

445,045

458,268

433,529

425,310

367,294

382,873

350,160

338,198

479,694

509,221

519,335

453,879

489,810

340,512

338,118

357,854

360,782

353,188

377,545

243,208

302,351

294,791

293,299

229,766

230,964

224,503

214,033

198,323

167,183

161,939

163,812

164,385

169,404

181,859

189,529

202,047

197,096

205,187

223,187

232,963

204,778

189,542

205,257

208,906

196,027

213,734

222,678

230,228

160,419

196,352

172,421

163,486

185,573

209,955

206,547

198,764

185,822

164,307

161,743

194,675

192,266

203,119

189,816

162,584

188,578

182,389

38,877

30,700

26,255

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
16,204
17,149
15,555
15,720
15,707
15,814
15,919
15,632
17,049
17,378
15,647
17,268
17,820
15,503
12,307
12,288
13,535
14,846
14,452
16,349
16,649
18,069
19,413
28,201
29,083
27,529
28,022
27,096
29,681
30,524
27,385
29,135
29,892
27,376
28,660
28,596
28,537
29,273
449,519
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

449,519

29,273

28,537

28,596

28,660

27,376

29,892

29,135

27,385

30,524

29,681

27,096

28,022

27,529

29,083

28,201

19,413

18,069

16,649

16,349

14,452

14,846

13,535

12,288

12,307

15,503

17,820

17,268

15,647

17,378

17,049

15,632

15,919

15,814

15,707

15,720

15,555

17,149

16,204

> Total Liabilities

0
6,100
5,000
3,900
5,000
4,100
4,900
4,000
5,900
5,100
4,800
5,200
5,800
6,500
6,600
6,900
6,600
5,200
5,500
5,700
6,300
5,800
7,700
9,200
10,000
10,000
17,900
18,300
22,300
16,900
16,800
18,600
20,600
20,700
23,600
25,700
28,900
21,300
21,900
25,000
26,600
31,400
34,300
38,200
37,825
45,268
49,559
52,192
40,028
38,004
34,425
28,860
25,889
28,340
29,725
30,983
32,421
39,232
42,546
47,539
47,200
49,154
60,283
70,501
58,285
58,967
59,134
58,041
59,434
64,455
63,299
54,801
61,032
63,337
77,226
63,181
66,521
68,298
61,102
60,972
49,381
45,906
38,577
45,421
49,037
59,582
64,315
59,793
59,224
62,372
57,146
58,901
49,188
55,153
56,713
55,320
53,067
55,378
55,026
65,787
56,469
77,949
82,450
85,297
71,282
85,070
74,607
62,089
62,918
77,796
76,139
76,005
85,032
109,022
124,994
192,517
191,816
197,178
175,252
154,404
164,913
158,280
151,234
530,225
557,584
558,386
554,686
538,500
551,955
595,467
555,842
573,569
575,370
553,098
511,016
519,746
527,735
517,651
501,301
513,060

513,060

501,301

517,651

527,735

519,746

511,016

553,098

575,370

573,569

555,842

595,467

551,955

538,500

554,686

558,386

557,584

530,225

151,234

158,280

164,913

154,404

175,252

197,178

191,816

192,517

124,994

109,022

85,032

76,005

76,139

77,796

62,918

62,089

74,607

85,070

71,282

85,297

82,450

77,949

56,469

65,787

55,026

55,378

53,067

55,320

56,713

55,153

49,188

58,901

57,146

62,372

59,224

59,793

64,315

59,582

49,037

45,421

38,577

45,906

49,381

60,972

61,102

68,298

66,521

63,181

77,226

63,337

61,032

54,801

63,299

64,455

59,434

58,041

59,134

58,967

58,285

70,501

60,283

49,154

47,200

47,539

42,546

39,232

32,421

30,983

29,725

28,340

25,889

28,860

34,425

38,004

40,028

52,192

49,559

45,268

37,825

38,200

34,300

31,400

26,600

25,000

21,900

21,300

28,900

25,700

23,600

20,700

20,600

18,600

16,800

16,900

22,300

18,300

17,900

10,000

9,200

7,700

5,800

6,300

5,700

5,500

5,200

6,600

6,900

6,600

6,500

5,800

5,200

4,800

5,100

5,900

4,000

4,900

4,100

5,000

3,900

5,000

6,100

> Total Current Liabilities

0
3,800
4,900
3,800
4,800
3,900
4,700
3,900
5,800
5,000
4,700
5,300
5,800
6,500
6,600
6,900
6,600
5,200
5,500
5,700
6,300
5,800
7,800
9,200
10,000
10,000
15,000
16,400
20,300
15,000
15,200
16,600
18,700
18,900
22,200
24,400
27,500
20,100
19,900
22,900
24,500
29,200
32,500
37,500
37,106
44,283
49,184
51,827
39,696
38,004
34,425
28,860
25,889
28,340
29,725
30,983
32,421
39,232
42,546
47,287
46,957
48,911
60,035
70,501
58,285
58,967
59,134
58,041
59,434
64,455
63,299
54,801
48,289
50,239
59,313
43,873
47,009
48,828
51,446
51,050
39,318
35,687
32,250
38,680
42,197
54,674
59,361
54,432
53,696
56,678
52,855
54,105
44,257
55,153
51,823
50,104
53,067
49,123
55,026
65,787
52,530
74,146
78,508
85,297
71,282
80,467
67,822
58,837
54,305
69,189
69,074
71,134
75,516
88,404
109,526
186,613
187,036
124,600
169,778
150,538
93,045
85,683
81,215
163,074
150,644
144,581
191,775
132,297
159,680
204,934
165,137
238,743
195,126
192,241
231,750
228,128
213,977
180,462
169,704
151,884

151,884

169,704

180,462

213,977

228,128

231,750

192,241

195,126

238,743

165,137

204,934

159,680

132,297

191,775

144,581

150,644

163,074

81,215

85,683

93,045

150,538

169,778

124,600

187,036

186,613

109,526

88,404

75,516

71,134

69,074

69,189

54,305

58,837

67,822

80,467

71,282

85,297

78,508

74,146

52,530

65,787

55,026

49,123

53,067

50,104

51,823

55,153

44,257

54,105

52,855

56,678

53,696

54,432

59,361

54,674

42,197

38,680

32,250

35,687

39,318

51,050

51,446

48,828

47,009

43,873

59,313

50,239

48,289

54,801

63,299

64,455

59,434

58,041

59,134

58,967

58,285

70,501

60,035

48,911

46,957

47,287

42,546

39,232

32,421

30,983

29,725

28,340

25,889

28,860

34,425

38,004

39,696

51,827

49,184

44,283

37,106

37,500

32,500

29,200

24,500

22,900

19,900

20,100

27,500

24,400

22,200

18,900

18,700

16,600

15,200

15,000

20,300

16,400

15,000

10,000

9,200

7,800

5,800

6,300

5,700

5,500

5,200

6,600

6,900

6,600

6,500

5,800

5,300

4,700

5,000

5,800

3,900

4,700

3,900

4,800

3,800

4,900

3,800

Short-term Debt

0
100
0
0
1,300
0
0
0
700
500
200
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,700
0
0
0
0
0
0
0
0
0
24,703
24,099
23,199
18,486
16,640
15,951
16,336
16,558
21,163
24,840
26,640
32,098
32,750
35,113
45,240
55,779
44,544
44,403
46,109
43,476
44,438
48,798
49,477
40,612
32,487
33,512
0
0
0
0
0
2,986
1,861
1,717
462
2
-15,376
7,732
10,299
7,771
-1,466
0
0
-5,621
-11,461
-19,175
0
4,414
-16,083
208
-26,887
-26,931
276
569
1,450
-31,992
-26,940
31,673
9,112
-27,045
1,494
3,238
470
-31,985
5,696
4,957
10,053
16,683
29,470
12,477
967
4,023
5,383
5,835
5,445
5,647
5,550
7,628
27,916
8,110
7,805
7,888
7,889
7,786
8,351
8,156
33,371
8,454
8,177
8,188
7,982
9,624

9,624

7,982

8,188

8,177

8,454

33,371

8,156

8,351

7,786

7,889

7,888

7,805

8,110

27,916

7,628

5,550

5,647

5,445

5,835

5,383

4,023

967

12,477

29,470

16,683

10,053

4,957

5,696

-31,985

470

3,238

1,494

-27,045

9,112

31,673

-26,940

-31,992

1,450

569

276

-26,931

-26,887

208

-16,083

4,414

-19,175

-11,461

-5,621

-1,466

7,771

10,299

7,732

-15,376

462

1,717

1,861

2,986

33,512

32,487

40,612

49,477

48,798

44,438

43,476

46,109

44,403

44,544

55,779

45,240

35,113

32,750

32,098

26,640

24,840

21,163

16,558

16,336

15,951

16,640

18,486

23,199

24,099

24,703

3,700

200

500

700

1,300

100

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,383
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

5,383

Accounts payable

0
200
300
200
300
400
400
300
400
500
300
300
300
400
500
300
500
500
500
400
700
700
1,000
1,300
1,000
1,100
2,400
2,800
1,600
1,900
1,600
3,700
3,800
3,900
4,000
3,300
3,600
2,300
2,700
2,500
3,500
3,200
5,300
4,200
5,469
7,536
7,532
10,127
5,774
4,891
4,503
4,356
2,984
5,822
6,517
6,910
2,866
3,393
4,142
5,555
5,538
5,070
4,906
5,563
3,855
4,975
4,629
7,118
6,249
7,276
5,989
6,463
5,640
4,735
4,551
7,245
6,501
9,576
5,348
6,780
4,915
3,260
4,851
4,959
24,814
7,026
6,336
7,153
8,078
6,922
7,388
7,098
7,341
34,555
7,567
6,815
31,073
7,157
38,824
43,818
9,671
15,329
13,302
59,063
45,535
15,202
10,026
41,132
10,296
14,157
10,106
52,369
17,115
22,815
30,331
91,712
85,599
12,588
88,927
76,450
20,529
11,729
12,766
70,065
16,195
17,999
89,812
16,270
20,970
32,304
26,797
136,483
44,733
20,364
86,335
120,338
26,939
26,109
23,053
21,454

21,454

23,053

26,109

26,939

120,338

86,335

20,364

44,733

136,483

26,797

32,304

20,970

16,270

89,812

17,999

16,195

70,065

12,766

11,729

20,529

76,450

88,927

12,588

85,599

91,712

30,331

22,815

17,115

52,369

10,106

14,157

10,296

41,132

10,026

15,202

45,535

59,063

13,302

15,329

9,671

43,818

38,824

7,157

31,073

6,815

7,567

34,555

7,341

7,098

7,388

6,922

8,078

7,153

6,336

7,026

24,814

4,959

4,851

3,260

4,915

6,780

5,348

9,576

6,501

7,245

4,551

4,735

5,640

6,463

5,989

7,276

6,249

7,118

4,629

4,975

3,855

5,563

4,906

5,070

5,538

5,555

4,142

3,393

2,866

6,910

6,517

5,822

2,984

4,356

4,503

4,891

5,774

10,127

7,532

7,536

5,469

4,200

5,300

3,200

3,500

2,500

2,700

2,300

3,600

3,300

4,000

3,900

3,800

3,700

1,600

1,900

1,600

2,800

2,400

1,100

1,000

1,300

1,000

700

400

500

300

500

400

300

500

400

300

400

300

200

300

200

Other Current Liabilities

0
3,500
4,600
3,600
3,200
3,500
4,300
3,600
4,700
4,000
4,200
5,000
5,500
6,100
6,100
6,600
6,100
4,700
5,000
5,300
5,600
5,100
6,800
7,900
9,000
8,900
12,600
13,600
18,700
13,100
13,600
12,900
14,900
15,000
18,200
21,100
23,900
17,800
13,500
20,400
21,000
26,000
27,200
33,300
31,637
36,747
41,652
41,700
3,011
2,957
3,340
2,943
3,339
3,480
3,519
3,659
3,733
4,911
4,900
3,932
2,641
2,506
2,436
3,445
3,301
3,171
2,784
2,142
1,736
1,663
1,655
842
1,965
1,673
39,578
23,340
25,959
24,064
28,167
21,855
17,150
18,578
16,079
18,811
18,002
24,307
26,492
29,346
35,511
49,756
45,467
45,748
35,904
28,020
44,256
26,185
24,258
28,279
31,367
32,959
26,140
32,921
39,503
37,663
32,240
14,598
33,373
33,179
30,653
36,061
42,593
42,539
38,904
42,621
53,070
68,249
56,463
58,654
66,632
60,220
50,508
49,787
52,573
72,930
102,647
72,216
40,330
86,643
79,245
88,297
92,608
58,731
87,587
88,336
57,267
58,549
121,056
102,726
98,423
89,281

89,281

98,423

102,726

121,056

58,549

57,267

88,336

87,587

58,731

92,608

88,297

79,245

86,643

40,330

72,216

102,647

72,930

52,573

49,787

50,508

60,220

66,632

58,654

56,463

68,249

53,070

42,621

38,904

42,539

42,593

36,061

30,653

33,179

33,373

14,598

32,240

37,663

39,503

32,921

26,140

32,959

31,367

28,279

24,258

26,185

44,256

28,020

35,904

45,748

45,467

49,756

35,511

29,346

26,492

24,307

18,002

18,811

16,079

18,578

17,150

21,855

28,167

24,064

25,959

23,340

39,578

1,673

1,965

842

1,655

1,663

1,736

2,142

2,784

3,171

3,301

3,445

2,436

2,506

2,641

3,932

4,900

4,911

3,733

3,659

3,519

3,480

3,339

2,943

3,340

2,957

3,011

41,700

41,652

36,747

31,637

33,300

27,200

26,000

21,000

20,400

13,500

17,800

23,900

21,100

18,200

15,000

14,900

12,900

13,600

13,100

18,700

13,600

12,600

8,900

9,000

7,900

6,800

5,100

5,600

5,300

5,000

4,700

6,100

6,600

6,100

5,500

5,000

4,200

4,000

4,700

3,600

4,300

3,500

3,200

3,600

4,600

3,500

> Long-term Liabilities

0
2,300
100
100
200
200
200
100
100
100
100
-100
0
0
0
0
0
0
0
0
0
0
-100
0
0
0
2,900
1,900
2,000
1,900
1,600
2,000
1,900
1,800
1,400
1,300
1,400
1,200
2,000
2,100
2,100
2,200
1,800
700
719
985
375
365
332
0
0
0
0
0
0
0
21,163
0
0
252
243
243
248
0
0
0
0
0
0
0
0
8,400
12,743
13,098
17,913
19,308
19,512
19,470
9,656
9,922
10,063
10,219
6,327
6,741
6,840
4,908
4,954
5,361
5,528
5,694
4,291
4,796
4,931
5,066
4,890
5,216
5,955
6,255
4,390
4,765
3,939
3,803
3,942
4,623
4,372
4,603
6,785
3,252
8,613
8,607
7,065
4,871
9,516
20,618
15,468
5,904
4,780
72,578
5,474
3,866
71,868
72,597
70,019
367,151
406,940
413,805
362,911
406,203
392,275
390,533
390,705
334,826
380,244
360,857
279,266
291,618
313,758
337,189
331,597
361,176

361,176

331,597

337,189

313,758

291,618

279,266

360,857

380,244

334,826

390,705

390,533

392,275

406,203

362,911

413,805

406,940

367,151

70,019

72,597

71,868

3,866

5,474

72,578

4,780

5,904

15,468

20,618

9,516

4,871

7,065

8,607

8,613

3,252

6,785

4,603

4,372

4,623

3,942

3,803

3,939

4,765

4,390

6,255

5,955

5,216

4,890

5,066

4,931

4,796

4,291

5,694

5,528

5,361

4,954

4,908

6,840

6,741

6,327

10,219

10,063

9,922

9,656

19,470

19,512

19,308

17,913

13,098

12,743

8,400

248

243

252

21,163

332

365

375

985

719

700

1,800

2,200

2,100

2,000

1,200

1,400

1,300

1,400

1,800

1,900

2,000

1,600

1,900

2,000

1,900

2,900

-100

100

200

100

2,300

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
16,204
17,149
15,555
15,720
15,707
15,814
15,919
15,632
17,049
17,378
15,647
17,268
17,820
15,503
12,307
12,288
13,535
14,846
14,452
16,349
16,649
18,069
19,413
28,201
29,083
27,529
28,022
27,096
29,681
30,524
27,385
29,135
29,892
27,376
28,660
28,596
28,537
29,273
449,519
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

449,519

29,273

28,537

28,596

28,660

27,376

29,892

29,135

27,385

30,524

29,681

27,096

28,022

27,529

29,083

28,201

19,413

18,069

16,649

16,349

14,452

14,846

13,535

12,288

12,307

15,503

17,820

17,268

15,647

17,378

17,049

15,632

15,919

15,814

15,707

15,720

15,555

17,149

16,204

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
719
985
375
365
332
0
0
0
0
0
0
0
0
0
0
252
243
243
248
0
0
0
0
0
0
0
0
0
12,743
13,098
17,913
19,308
19,512
19,470
9,656
9,922
10,063
10,219
6,327
6,741
6,840
4,908
4,954
5,361
5,528
5,694
4,291
4,796
4,931
5,066
4,890
5,216
5,955
6,255
4,390
4,765
3,939
3,803
3,942
4,623
4,372
4,603
6,785
8,082
8,279
8,281
6,719
10,232
9,516
15,403
15,468
79,133
78,798
72,578
64,099
63,047
59,915
60,448
59,297
397,422
394,524
392,597
395,235
388,083
376,052
374,171
371,783
367,185
354,065
334,761
324,478
300,740
0
275,337
271,147
0

271,147

275,337

300,740

324,478

334,761

354,065

367,185

371,783

374,171

376,052

388,083

395,235

392,597

394,524

397,422

59,297

60,448

59,915

63,047

64,099

72,578

78,798

79,133

15,468

15,403

9,516

10,232

6,719

8,281

8,279

8,082

6,785

4,603

4,372

4,623

3,942

3,803

3,939

4,765

4,390

6,255

5,955

5,216

4,890

5,066

4,931

4,796

4,291

5,694

5,528

5,361

4,954

4,908

6,840

6,741

6,327

10,219

10,063

9,922

9,656

19,470

19,512

19,308

17,913

13,098

12,743

248

243

252

332

365

375

985

719

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
334
326
346
0
0
5,215
0
312
319
304
372
962
0
0
289
332,344
330,532
326,295
326,703
314,952
310,884
306,355
302,019
293,769
279,729
271,592
259,950
249,961
243,557
237,357
0
0

237,357

243,557

249,961

259,950

271,592

279,729

293,769

302,019

306,355

310,884

314,952

326,703

326,295

330,532

332,344

289

962

372

304

319

312

5,215

346

326

334

> Total Stockholder Equity

0
4,500
12,500
14,300
16,800
18,700
21,200
23,800
25,900
28,600
33,000
36,500
39,000
39,900
39,900
41,100
43,400
47,500
51,300
55,100
59,900
64,000
68,500
103,600
111,300
121,600
130,000
143,900
160,100
172,900
176,100
182,700
190,700
202,300
219,700
236,100
247,400
230,300
219,500
222,900
228,300
239,000
252,900
276,600
309,826
337,208
359,935
383,949
388,871
392,501
393,498
378,044
379,004
377,278
354,590
354,520
356,340
362,183
380,089
384,994
416,521
446,834
457,214
462,807
466,427
473,143
501,047
506,521
496,064
473,894
466,184
473,850
473,045
448,965
461,705
476,365
465,642
466,012
440,427
413,075
396,314
398,446
408,320
394,448
394,156
394,887
435,423
473,311
505,426
540,285
541,361
552,980
588,793
591,593
605,402
572,285
599,461
614,998
637,724
643,912
661,048
682,507
733,952
736,437
767,063
793,136
812,793
825,667
850,719
886,644
943,948
962,599
1,011,212
1,051,976
1,133,523
1,095,353
1,077,099
1,079,132
1,149,444
1,135,263
1,188,859
1,191,640
1,239,218
1,355,710
1,327,493
1,376,478
1,505,829
1,262,202
1,357,001
1,429,454
1,492,961
1,430,093
1,358,745
1,389,985
1,389,220
1,438,394
1,446,331
1,480,463
1,488,598
1,504,752

1,504,752

1,488,598

1,480,463

1,446,331

1,438,394

1,389,220

1,389,985

1,358,745

1,430,093

1,492,961

1,429,454

1,357,001

1,262,202

1,505,829

1,376,478

1,327,493

1,355,710

1,239,218

1,191,640

1,188,859

1,135,263

1,149,444

1,079,132

1,077,099

1,095,353

1,133,523

1,051,976

1,011,212

962,599

943,948

886,644

850,719

825,667

812,793

793,136

767,063

736,437

733,952

682,507

661,048

643,912

637,724

614,998

599,461

572,285

605,402

591,593

588,793

552,980

541,361

540,285

505,426

473,311

435,423

394,887

394,156

394,448

408,320

398,446

396,314

413,075

440,427

466,012

465,642

476,365

461,705

448,965

473,045

473,850

466,184

473,894

496,064

506,521

501,047

473,143

466,427

462,807

457,214

446,834

416,521

384,994

380,089

362,183

356,340

354,520

354,590

377,278

379,004

378,044

393,498

392,501

388,871

383,949

359,935

337,208

309,826

276,600

252,900

239,000

228,300

222,900

219,500

230,300

247,400

236,100

219,700

202,300

190,700

182,700

176,100

172,900

160,100

143,900

130,000

121,600

111,300

103,600

68,500

64,000

59,900

55,100

51,300

47,500

43,400

41,100

39,900

39,000

36,500

33,000

28,600

25,900

23,800

21,200

18,700

16,800

14,300

12,500

4,500

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100
100
0
0
100
100
0
100
100
100
100
90
91
91
92
92
92
92
93
93
93
94
94
94
94
96
96
98
92
92
92
93
93
94
94
93
91
89
89
89
86
87
87
84
84
82
79
79
79
79
79
79
79
80
82
83
84
84
84
86
86
86
86
87
87
175
174
174
174
174
173
174
174
170
170
170
170
171
172
173
173
173
347
346
344
345
342
343
341
342
345
344
346
349
352
353
353
354
351
347
347
346
345
345
345
344
343

343

344

345

346

347

351

354

353

352

349

346

344

345

342

341

343

342

345

344

346

347

173

172

171

170

174

173

174

175

100

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
347,566
363,329
379,826
390,146
405,463
419,699
434,581
444,592
459,645
472,729
436,466
452,049
456,978
461,538
462,131
466,350
479,581
521,845
523,946
544,448
546,205
553,792
566,613
575,548
603,204
640,230
643,825
652,917
669,347
727,319
668,267
622,856
619,212
670,935
646,214
670,754
649,234
682,383
753,268
713,208
702,597
780,521
487,912
540,686
593,290
634,165
562,882
488,511
512,230
510,877
528,179
517,526
537,947
0
0

537,947

517,526

528,179

510,877

512,230

488,511

562,882

634,165

593,290

540,686

487,912

780,521

702,597

713,208

753,268

682,383

649,234

670,754

646,214

670,935

619,212

622,856

668,267

727,319

669,347

652,917

643,825

640,230

603,204

575,548

566,613

553,792

546,205

544,448

523,946

521,845

479,581

466,350

462,131

461,538

456,978

452,049

436,466

472,729

459,645

444,592

434,581

419,699

405,463

390,146

379,826

363,329

347,566

Accumulated Other Comprehensive Income

0
-1,600
-1,800
-1,900
-2,000
-2,100
-2,200
-2,400
-2,500
-2,600
-2,800
-1,900
-2,100
-2,200
-2,400
-2,700
-3,000
-3,300
-3,600
-4,000
-4,400
-4,400
-4,400
-5,600
200
200
-4,500
-5,400
-30,500
-7,600
-8,600
-9,700
-10,800
200
200
-13,000
-14,500
-200
-200
-19,200
-19,200
-200
800
500
769
1,282
432
-2,447
-3,108
-3,825
-6,564
-6,342
-5,248
-4,281
-4,144
-5,868
-7,297
-8,709
-8,337
-11,060
-9,780
-12,304
-12,149
-13,857
-14,708
-13,932
-13,880
-14,058
-13,693
-12,396
-12,517
-10,626
-9,815
-10,097
-5,579
-1,896
10,016
6,594
-2,910
-5,509
-14,680
-5,843
277
-3,361
-10,265
-22,742
-6,333
-9,217
-171
4,567
-8,267
-17,353
-10,807
-26,005
-28,709
-29,515
-31,867
-32,511
-30,141
-29,833
-29,036
-29,155
-33,754
-39,399
-49,629
-47,398
-47,513
-52,124
-46,251
-47,699
-46,434
-56,428
-53,528
-42,950
-37,101
-34,599
-31,757
-38,767
-40,392
-40,501
-38,072
-36,806
-37,934
-37,275
-50,191
-36,877
-37,873
-33,801
-38,529
-39,072
-41,748
-47,942
-63,565
-69,861
-82,449
-69,297
-64,230
-68,802
-70,043
-45,336

-45,336

-70,043

-68,802

-64,230

-69,297

-82,449

-69,861

-63,565

-47,942

-41,748

-39,072

-38,529

-33,801

-37,873

-36,877

-50,191

-37,275

-37,934

-36,806

-38,072

-40,501

-40,392

-38,767

-31,757

-34,599

-37,101

-42,950

-53,528

-56,428

-46,434

-47,699

-46,251

-52,124

-47,513

-47,398

-49,629

-39,399

-33,754

-29,155

-29,036

-29,833

-30,141

-32,511

-31,867

-29,515

-28,709

-26,005

-10,807

-17,353

-8,267

4,567

-171

-9,217

-6,333

-22,742

-10,265

-3,361

277

-5,843

-14,680

-5,509

-2,910

6,594

10,016

-1,896

-5,579

-10,097

-9,815

-10,626

-12,517

-12,396

-13,693

-14,058

-13,880

-13,932

-14,708

-13,857

-12,149

-12,304

-9,780

-11,060

-8,337

-8,709

-7,297

-5,868

-4,144

-4,281

-5,248

-6,342

-6,564

-3,825

-3,108

-2,447

432

1,282

769

500

800

-200

-19,200

-200

-14,500

-13,000

200

-10,800

-9,700

-8,600

-7,600

-30,500

-5,400

-4,500

200

-5,600

-4,400

-4,000

-3,600

-3,300

-3,000

-2,700

-2,400

-2,200

-2,100

-1,900

-2,800

-2,600

-2,500

-2,400

-2,200

-2,100

-2,000

-1,900

-1,800

-1,600

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
69,984
78,347
102,620
115,368
130,171
129,845
135,668
154,922
157,867
161,296
165,248
179,192
190,444
206,152
211,440
223,560
231,907
245,687
251,717
272,070
294,155
306,344
311,008
321,252
330,969
349,981
375,030
411,650
425,406
443,132
461,338
485,654
498,343
518,556
529,208
555,834
578,871
594,427
639,372
664,132
710,412
762,832
807,739
854,491
874,883
900,190
914,802
933,452
947,269
960,446
979,167
992,690
1,010,973
0
0

1,010,973

992,690

979,167

960,446

947,269

933,452

914,802

900,190

874,883

854,491

807,739

762,832

710,412

664,132

639,372

594,427

578,871

555,834

529,208

518,556

498,343

485,654

461,338

443,132

425,406

411,650

375,030

349,981

330,969

321,252

311,008

306,344

294,155

272,070

251,717

245,687

231,907

223,560

211,440

206,152

190,444

179,192

165,248

161,296

157,867

154,922

135,668

129,845

130,171

115,368

102,620

78,347

69,984

Treasury Stock

-72,765

-72,445

-72,446

-72,306

-72,311

-45,886

-45,888

-43,419

-43,421

-42,672

-42,675

-42,676

-42,678

-43,633

Other Stockholders Equity

0
6,100
14,300
15,000
16,300
16,700
17,600
18,500
18,700
19,200
21,200
21,200
21,800
21,200
19,900
20,500
21,000
22,800
23,900
24,700
26,700
27,100
27,300
58,700
54,700
57,800
71,500
75,800
104,300
84,100
85,000
86,600
89,200
80,300
86,800
102,700
105,000
67,000
55,200
75,500
58,500
63,200
66,400
104,800
95,700
104,700
109,800
145,764
125,100
127,900
146,105
156,797
160,277
130,380
115,100
112,284
113,740
117,689
132,690
137,234
161,588
186,267
188,517
192,860
195,734
197,581
218,342
216,031
200,195
168,972
155,075
155,136
156,684
132,818
137,377
140,943
113,494
115,188
93,905
73,280
75,048
76,745
77,981
69,271
69,321
69,984
78,347
102,620
115,368
130,171
129,845
135,668
154,922
157,867
161,296
165,248
179,192
190,444
206,152
211,440
223,560
231,907
245,687
251,717
272,070
294,155
306,344
311,008
321,252
330,969
349,981
375,030
411,650
425,406
443,132
461,338
485,654
498,343
518,556
529,208
555,834
578,871
594,427
639,372
664,132
710,412
762,832
807,739
854,491
874,883
900,190
914,802
933,452
947,269
960,446
979,167
992,690
1,010,973
1,023,960
1,037,202

1,037,202

1,023,960

1,010,973

992,690

979,167

960,446

947,269

933,452

914,802

900,190

874,883

854,491

807,739

762,832

710,412

664,132

639,372

594,427

578,871

555,834

529,208

518,556

498,343

485,654

461,338

443,132

425,406

411,650

375,030

349,981

330,969

321,252

311,008

306,344

294,155

272,070

251,717

245,687

231,907

223,560

211,440

206,152

190,444

179,192

165,248

161,296

157,867

154,922

135,668

129,845

130,171

115,368

102,620

78,347

69,984

69,321

69,271

77,981

76,745

75,048

73,280

93,905

115,188

113,494

140,943

137,377

132,818

156,684

155,136

155,075

168,972

200,195

216,031

218,342

197,581

195,734

192,860

188,517

186,267

161,588

137,234

132,690

117,689

113,740

112,284

115,100

130,380

160,277

156,797

146,105

127,900

125,100

145,764

109,800

104,700

95,700

104,800

66,400

63,200

58,500

75,500

55,200

67,000

105,000

102,700

86,800

80,300

89,200

86,600

85,000

84,100

104,300

75,800

71,500

57,800

54,700

58,700

27,300

27,100

26,700

24,700

23,900

22,800

21,000

20,500

19,900

21,200

21,800

21,200

19,200

18,700

18,500

17,600

16,700

16,300

15,000

14,300

6,100

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Accounts Payable	21,454	120,338	136,483	16,270	70,065	76,450	91,712	52,369	41,132	59,063	43,818	6,815	39,388	7,153	23,770	6,780	7,245	6,463	7,118	5,563	5,555	6,910	4,356	10,127	4,200	2,500	3,300	3,700	2,800	1,300	400	300	300	300	200
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
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
Accumulated Other Comprehensive Income	-45,336	-69,297	-47,942	-33,801	-37,275	-40,501	-34,599	-56,428	-52,124	-39,399	-29,833	-29,515	-17,353	-9,217	-3,361	-5,509	-1,896	-10,626	-14,058	-13,857	-11,060	-5,868	-6,342	-2,447	500	-19,200	-13,000	-9,700	-5,400	-5,600	-4,000	-2,700	-1,900	-2,400	-1,900
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	78,601	39,752	25,581	26,230	17,973	0	0	0	0	0	0	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	343	345	351	352	345	342	0	0	0	0	0	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	979,167	914,802	807,739	639,372	529,208	461,338	375,030	311,008	251,717	0	165,248	135,668	102,620	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	202,655	854,250	907,364	269,073	845,353	797,599	827,984	745,170	621,531	546,995	455,121	45,160	38,103	33,203	119,831	127,138	104,144	87,361	72,856	54,270	76,227	60,864	31,660	42,925	48,700	27,800	38,200	48,400	23,900	56,300	21,800	14,400	13,400	4,100	6,000
Cash And 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
Cash And Short Term Investments	332,047	854,250	907,364	372,313	845,353	797,599	827,984	745,170	621,531	546,995	455,121	150,265	182,534	181,026	175,394	179,697	217,323	215,680	242,012	234,679	132,633	136,633	110,173	128,354	111,600	27,800	38,200	48,400	23,900	56,300	21,800	14,400	13,400	4,100	6,000
Common Stock	343	345	351	352	345	342	347	172	170	173	174	86	84	82	79	79	87	89	94	92	96	94	93	92	100	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Outstanding	173,399	174,869	179,916	176,592	175,269	177,406	179,551	174,144	175,982	178,142	177,802	174,560	171,048	161,188	158,636	166,216	176,252	186,592	191,740	189,432	177,864	174,012	174,556	182,792	175,944	172,812	178,022	175,256	170,432	148,600	143,226	135,556	140,741	136,842	123,333
Common Stock Total Equity	0	345	351	352	345	342	347	172	170	173	174	86	84	82	79	79	87	89	94	92	96	94	93	92	100	0	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	31,525	40,787	35,743	21,274	14,432	9,845	9,969	8,211	11,571	20,563	15,941	12,690	13,458	10,162	14,908	19,429	13,288	6,884	5,305	5,714	5,702	3,856	3,075	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	449,519	28,660	27,385	28,022	19,413	14,452	0	15,647	15,919	15,555	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	249,961	293,769	314,952	332,344	962	312	0	0	0	0	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
Good Will	393,181	242,630	241,713	244,078	243,445	113,208	113,208	95,280	81,448	81,689	81,689	81,689	82,029	82,204	82,604	80,765	86,461	83,318	129,856	14,539	7,222	4,661	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	112,952	12,414	11,888	15,555	39,490	10,113	13,189	8,312	6,315	10,699	14,723	14,770	18,910	23,130	28,337	31,278	39,724	44,988	129,856	14,539	8,582	4,661	4,922	20,638	0	0	0	0	0	0	0	0	0	0	0
Inventory	162,285	122,480	113,102	60,830	60,261	83,282	67,923	26,984	37,334	35,536	25,694	26,182	28,098	22,717	16,832	25,063	27,459	30,583	18,819	20,091	15,519	18,952	23,078	27,664	10,900	10,800	7,800	7,000	12,600	4,400	3,000	1,600	1,100	900	900
Liabilities And Stockholders Equity	2,017,812	1,958,140	2,003,662	1,800,702	1,885,935	1,289,667	1,287,870	1,038,604	887,756	821,734	709,699	627,605	611,881	533,104	439,869	474,047	539,546	528,651	564,562	533,308	432,533	385,503	406,904	436,141	314,800	247,900	261,800	201,300	162,200	112,800	60,800	48,000	41,700	27,800	18,200
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
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
Long Term Investments	244,230	454,117	583,748	395,125	433,452	262,039	423,441	324,335	273,088	400,845	0	238,255	174,906	102,055	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
Net Debt	-124,054	-806,044	-881,783	-242,843	-827,380	-797,599	-827,984	-745,170	-621,531	-546,995	-455,121	-45,160	-38,103	-33,203	-119,831	-127,138	-104,144	-87,361	-72,856	-54,270	-76,227	-60,864	-31,660	-42,925	-48,700	-27,800	-38,200	-48,400	-23,900	-56,300	-21,800	-14,400	-13,400	-4,100	-6,000
Net Invested Capital	1,504,752	1,438,394	1,430,093	1,262,202	1,355,710	1,135,263	1,095,353	0	0	0	0	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	116,566	125,417	130,348	131,328	103,447	127,484	126,842	57,655	42,846	50,938	53,015	42,387	48,206	45,901	30,964	30,510	38,923	40,055	42,051	33,816	26,697	18,981	17,064	47,031	29,400	25,900	28,800	22,200	24,300	9,200	7,400	3,500	4,200	2,700	1,700
Net Tangible Assets	0	1,183,350	1,176,492	1,002,569	1,072,775	1,011,942	968,956	859,007	737,904	644,049	0	475,826	452,041	367,977	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	527,113	529,991	451,209	469,394	486,754	688,969	517,036	758,675	642,874	548,172	468,043	189,493	374,843	224,573	210,674	213,374	263,806	258,280	268,612	242,460	150,311	162,808	143,712	167,913	231,300	184,400	199,600	152,800	119,400	88,500	51,700	38,100	34,100	21,300	13,100
Non Current Assets Total	1,338,815	855,993	852,848	1,199,011	876,874	281,302	265,121	208,795	186,045	188,265	175,869	388,008	178,137	254,099	190,515	209,623	231,867	215,570	237,909	220,347	234,935	191,712	234,332	216,401	46,000	40,600	37,800	31,900	26,400	15,100	3,400	3,000	2,300	2,600	1,300
Non Current Liabilities Other	299	82,077	91,211	91,251	77,404	62,085	79,133	10,232	8,082	4,623	0	5,216	4,796	5,361	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	361,176	291,618	334,826	406,203	367,151	3,866	5,904	4,871	3,252	4,623	4,765	5,216	4,796	5,361	6,741	9,922	19,308	8,400	0	0	252	0	0	365	700	2,100	1,300	2,000	1,900	0	0	0	-100	100	100
Non Currrent Assets Other	7,088	-377,805	-503,774	7,794	-395,997	-224,114	-390,150	-301,146	-247,504	-367,327	-199,641	2,827	-145,371	1,559	9,722	10,754	8,687	52,234	73,651	160,297	174,723	143,038	191,118	182,389	14,400	6,300	4,800	3,600	4,300	600	300	400	300	900	200
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
Other Assets	0	413,884	425,812	860,205	455,352	32,585	29,876	30,341	29,126	15,988	14,445	18,474	18,946	17,114	24,365	28,427	28,437	10,696	13,632	25,416	23,282	20,294	15,655	12,365	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	68,099	67,490	210,187	37,220	272,092	34,000	30,800	20,870	22,975	31,982	27,876	20,763	357,440	29,361	26,164	29,154	23,974	26,763	23,771	24,375	22,749	19,225	22,257	16,691	116,900	142,800	149,200	91,800	75,000	27,800	25,200	25,500	20,700	17,500	8,300
Other Current Liab	89,281	58,549	58,731	86,643	72,930	59,181	68,249	42,539	33,179	37,663	32,959	26,185	32,290	29,346	18,811	21,855	23,340	842	2,142	3,445	3,932	3,659	2,943	41,700	33,300	20,400	21,100	12,900	13,600	7,900	5,300	6,600	5,000	3,600	3,600
Other Liab	0	300,740	367,185	388,083	397,422	63,047	79,445	10,232	8,401	4,623	4,765	5,216	4,796	5,361	6,741	9,922	19,308	0	0	0	252	0	0	365	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	1,037,202	979,167	914,802	807,739	639,372	529,208	461,338	375,030	311,008	251,717	211,440	165,248	135,668	102,620	69,271	73,280	140,943	155,136	216,031	192,860	137,234	112,284	156,797	145,764	104,800	75,500	102,700	86,600	75,800	58,700	24,700	20,500	21,200	18,500	15,000
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
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
Property Plant And Equipment Gross	281,337	117,396	100,703	101,755	106,965	91,396	78,048	53,992	53,285	47,907	37,136	34,820	31,744	29,596	28,576	27,764	26,680	26,028	24,175	23,995	24,980	27,405	31,213	34,012	31,600	34,300	33,000	28,300	22,100	14,500	3,100	2,600	2,000	1,700	1,100
Property Plant And Equipment Net	180,964	117,396	100,703	101,755	106,965	91,396	78,048	53,992	53,285	47,907	37,136	34,820	31,744	29,596	28,576	27,764	26,680	26,028	24,175	23,995	24,980	27,405	31,213	34,012	31,600	34,300	33,000	28,300	22,100	14,500	3,100	2,600	2,000	1,700	1,100
Property Plant Equipment	0	79,714	77,546	79,173	89,443	91,396	78,048	53,992	53,285	47,907	37,136	34,820	31,744	29,596	28,576	27,764	26,680	26,028	24,175	23,995	24,980	27,405	31,213	34,012	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	512,543	528,179	562,882	487,912	753,268	646,214	668,267	643,825	566,613	523,946	462,131	436,466	434,581	379,826	328,459	345,225	337,231	329,251	304,454	283,712	258,724	248,010	254,037	265,164	197,000	166,600	146,400	105,800	73,500	50,500	34,400	23,300	17,200	7,700	1,200
Retained Earnings Total Equity	0	528,179	562,882	487,912	753,268	646,214	668,267	643,825	566,613	523,946	0	436,466	434,581	379,826	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	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	78,601	48,206	25,581	26,230	17,973	0	0	0	0	0	0	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 Term Debt	9,624	8,454	7,786	8,110	5,647	5,062	16,683	-31,985	-27,045	-31,992	-26,931	4,414	-26,235	7,771	-18,809	2,986	0	40,612	43,476	55,779	32,098	16,558	18,486	0	0	0	0	0	0	0	0	0	0	0	0
Short Term Investments	129,392	218,759	137,455	103,240	240,470	427,348	297,961	341,194	296,468	90,456	184,822	105,105	144,431	147,823	55,563	52,559	113,179	128,319	169,156	180,409	56,406	75,769	78,513	85,429	62,900	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	2,017,812	1,958,140	2,003,662	1,800,702	1,885,935	1,289,667	1,287,870	1,038,604	887,756	821,734	709,699	627,605	611,881	533,104	439,869	474,047	539,546	528,651	564,562	533,308	432,533	385,503	406,904	436,141	314,800	247,900	261,800	201,300	162,200	112,800	60,800	48,000	41,700	27,800	18,200
Total Current Assets	678,997	1,102,147	1,150,814	601,691	1,009,061	1,008,365	1,022,749	829,809	701,711	633,469	533,830	239,597	433,744	279,005	249,354	264,424	307,679	313,081	326,653	312,961	197,598	193,791	172,572	219,740	268,800	207,300	224,000	169,400	135,800	97,700	57,400	45,000	39,400	25,200	16,900
Total Current Liabilities	151,884	228,128	238,743	132,297	163,074	150,538	186,613	71,134	58,837	85,297	65,787	50,104	58,901	54,432	38,680	51,050	43,873	54,801	58,041	70,501	47,287	30,983	28,860	51,827	37,500	22,900	24,400	16,600	16,400	9,200	5,700	6,900	5,300	3,900	3,800
Total Liab	513,060	519,746	573,569	538,500	530,225	154,404	192,517	76,005	62,089	85,297	65,787	55,320	58,901	59,793	45,421	60,972	63,181	54,801	58,041	70,501	47,539	30,983	28,860	52,192	38,200	25,000	25,700	18,600	18,300	9,200	5,700	6,900	5,200	4,000	3,900
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	1,504,752	1,438,394	1,430,093	1,262,202	1,355,710	1,135,263	1,095,353	962,599	825,667	736,437	643,912	572,285	552,980	473,311	394,448	413,075	476,365	473,850	506,521	462,807	384,994	354,520	378,044	383,949	276,600	222,900	236,100	182,700	143,900	103,600	55,100	41,100	36,500	23,800	14,300
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-72,445	-72,311	-43,419	-42,675	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

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31
Accounts Payable	21,454	23,053	26,109	26,939	120,338	86,335	20,364	44,733	136,483	26,797	32,304	20,970	16,270	89,812	17,999	16,195	70,065	12,766	11,729	20,529	76,450	88,927	12,588	85,599	91,712	30,331	22,815	17,115	52,369	10,106	14,157	10,296	41,132	10,026	15,202	45,535	59,063	13,302	15,329	9,671	43,818	38,824	7,157	31,073	6,815	7,567	34,555	7,341	7,098	7,388	6,922	8,078	7,153	6,336	7,026	24,814	4,959	4,851	3,260	4,915	6,780	5,348	9,576	6,501	7,245	4,551	4,735	5,640	6,463	5,989	7,276	6,249	7,118	4,629	4,975	3,855	5,563	4,906	5,070	5,538	5,555	4,142	3,393	2,866	6,910	6,517	5,822	2,984	4,356	4,503	4,891	5,774	10,127	7,532	7,536	5,469	4,200	5,300	3,200	3,500	2,500	2,700	2,300	3,600	3,300	4,000	3,900	3,800	3,700	1,600	1,900	1,600	2,800	2,400	1,100	1,000	1,300	1,000	700	700	400	500	500	500	300	500	400	300	300	300	500	400	300	400	400	300	200	300	200	-
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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Accumulated Other Comprehensive Income	-45,336	-70,043	-68,802	-64,230	-69,297	-82,449	-69,861	-63,565	-47,942	-41,748	-39,072	-38,529	-33,801	-37,873	-36,877	-50,191	-37,275	-37,934	-36,806	-38,072	-40,501	-40,392	-38,767	-31,757	-34,599	-37,101	-42,950	-53,528	-56,428	-46,434	-47,699	-46,251	-52,124	-47,513	-47,398	-49,629	-39,399	-33,754	-29,155	-29,036	-29,833	-30,141	-32,511	-31,867	-29,515	-28,709	-26,005	-10,807	-17,353	-8,267	4,567	-171	-9,217	-6,333	-22,742	-10,265	-3,361	277	-5,843	-14,680	-5,509	-2,910	6,594	10,016	-1,896	-5,579	-10,097	-9,815	-10,626	-12,517	-12,396	-13,693	-14,058	-13,880	-13,932	-14,708	-13,857	-12,149	-12,304	-9,780	-11,060	-8,337	-8,709	-7,297	-5,868	-4,144	-4,281	-5,248	-6,342	-6,564	-3,825	-3,108	-2,447	432	1,282	769	500	800	-200	-19,200	-19,200	-200	-200	-14,500	-13,000	200	200	-10,800	-9,700	-8,600	-7,600	-30,500	-5,400	-4,500	200	200	-5,600	-4,400	-4,400	-4,400	-4,000	-3,600	-3,300	-3,000	-2,700	-2,400	-2,200	-2,100	-1,900	-2,800	-2,600	-2,500	-2,400	-2,200	-2,100	-2,000	-1,900	-1,800	-1,600	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Lease Obligations	78,601	68,432	70,040	39,566	39,752	33,371	34,252	34,530	25,581	26,811	24,250	24,028	26,230	27,916	28,836	17,966	17,973	16,167	17,984	17,336	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	343	344	345	345	345	346	347	347	351	354	353	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,010,973	992,690	979,167	960,446	947,269	933,452	914,802	900,190	874,883	854,491	807,739	762,832	710,412	664,132	639,372	594,427	578,871	555,834	529,208	518,556	498,343	485,654	461,338	443,132	425,406	411,650	375,030	349,981	330,969	321,252	311,008	306,344	294,155	272,070	251,717	245,687	231,907	223,560	211,440	206,152	190,444	179,192	165,248	161,296	157,867	154,922	135,668	129,845	130,171	115,368	102,620	78,347	69,984	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Cash	202,655	395,501	177,485	164,171	854,250	817,632	177,046	165,769	907,364	203,479	217,037	242,688	269,073	1,013,064	286,021	239,197	845,353	121,701	89,104	105,296	797,599	809,316	129,202	803,382	827,984	111,349	68,266	92,428	745,170	61,145	54,929	79,914	621,531	79,563	61,691	548,823	546,995	38,179	40,172	42,463	455,121	443,738	47,874	413,652	45,160	54,158	205,992	41,559	38,103	30,175	42,676	37,014	33,203	38,213	37,942	114,664	119,831	127,162	125,454	123,020	127,138	125,094	131,363	139,464	104,144	107,343	78,765	91,666	87,361	89,550	79,050	81,880	72,856	92,025	64,759	55,062	54,270	65,105	70,753	105,982	76,227	58,991	51,442	50,969	60,864	47,108	34,083	31,119	31,660	48,013	47,612	42,935	42,925	260,518	248,500	229,809	48,700	200,700	33,900	33,300	27,800	24,400	20,700	36,800	38,200	38,600	44,800	55,800	48,400	44,400	37,200	41,000	23,900	22,700	23,300	36,200	56,300	17,700	17,900	18,600	21,800	21,400	19,000	14,400	14,400	11,800	11,800	14,300	13,400	10,900	19,800	14,400	4,100	4,700	3,000	6,200	6,000	8,200	5,400	-
Cash And 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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	332,047	512,648	368,959	380,874	854,250	817,632	359,680	314,735	907,364	392,592	407,784	385,921	372,313	1,013,064	429,105	398,441	845,353	413,773	453,591	546,633	797,599	809,316	482,942	803,382	827,984	384,610	410,668	468,455	745,170	389,523	349,522	399,703	621,531	352,147	285,155	548,823	546,995	87,937	123,849	84,240	455,121	443,738	183,163	413,652	150,265	156,028	265,935	200,768	182,534	172,584	244,688	207,356	181,026	151,729	135,292	169,994	175,394	182,689	180,048	175,514	179,697	189,185	208,415	212,933	217,323	195,167	160,622	207,129	215,680	210,188	213,831	251,042	242,012	232,984	198,436	272,306	234,679	246,869	237,805	186,734	132,633	125,700	113,151	119,420	136,633	130,183	119,646	121,266	110,173	132,461	157,512	128,063	128,354	260,518	248,500	229,809	111,600	200,700	33,900	33,300	27,800	24,400	20,700	36,800	38,200	38,600	44,800	55,800	48,400	44,400	37,200	41,000	23,900	22,700	23,300	36,200	56,300	17,700	17,900	18,600	21,800	21,400	19,000	14,400	14,400	11,800	11,800	14,300	13,400	10,900	19,800	14,400	4,100	4,700	3,000	6,200	6,000	8,200	5,400	-
Common Stock	343	344	345	345	345	346	347	347	351	354	353	353	352	349	346	344	345	342	341	343	342	345	344	346	347	173	173	173	172	171	170	170	170	170	174	174	173	174	174	174	174	175	87	87	86	86	86	86	84	84	84	83	82	80	79	79	79	79	79	79	79	82	84	84	87	87	86	89	89	89	91	93	94	94	93	93	92	92	92	98	96	96	94	94	94	94	93	93	93	92	92	92	92	91	91	90	100	100	100	100	0	100	100	0	0	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Common Stock Shares Outstanding	172,571	173,354	173,622	173,903	172,631	174,327	174,993	176,668	179,322	180,342	179,991	179,971	172,881	177,138	172,283	175,602	175,500	174,449	175,448	175,607	175,527	177,245	177,149	179,641	173,397	179,354	179,228	178,354	176,502	174,692	173,612	173,082	172,424	175,552	178,370	177,498	177,698	178,334	177,930	178,518	178,530	178,718	177,428	176,520	173,044	174,516	174,404	174,360	171,900	171,904	171,240	169,144	159,700	159,668	159,172	158,732	158,700	158,664	158,624	158,620	165,800	165,848	170,352	172,464	172,500	174,024	177,124	179,620	182,700	182,728	190,068	193,676	193,900	193,876	188,564	188,724	185,700	185,660	188,964	187,008	172,612	179,560	174,712	174,228	170,664	174,284	176,688	175,884	175,884	181,852	181,768	179,664	183,300	183,332	184,636	182,580	177,400	180,000	177,143	177,143	171,700	200,000	173,333	175,000	168,000	181,667	179,048	173,333	162,500	160,000	175,652	172,800	152,800	309,104	304,576	301,536	143,333	143,333	148,000	142,222	137,778	137,778	130,000	140,000	120,000	120,000	128,000	146,667	125,000	125,000	131,429	133,333	144,000	144,000	128,000	130,000	130,000	130,000	106,667	121,664
Common Stock Total Equity	0	0	345	345	345	346	347	347	351	354	353	353	352	349	346	344	345	342	341	343	342	345	300	300	347	200	200	200	172	200	200	200	170	200	200	200	173	200	200	200	174	200	87	87	86	86	100	100	84	100	100	100	82	100	100	100	79	100	100	100	79	100	100	100	87	87	100	100	89	100	100	100	94	100	100	100	92	100	100	100	96	100	100	94	94	100	93	93	93	92	100	100	92	100	100	100	100	100	100	100	0	100	100	0	0	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Current Deferred Revenue	31,525	40,246	43,439	57,805	40,787	54,777	75,385	54,455	35,743	37,843	76,445	51,660	21,274	33,717	46,738	26,252	14,432	10,431	18,332	16,625	9,845	13,252	40,881	15,504	9,969	16,072	18,011	13,801	8,211	15,905	15,733	11,862	11,571	15,311	18,994	20,447	20,563	24,253	25,327	16,443	15,941	11,722	13,479	13,819	12,690	0	11,753	12,473	6,880	6,498	6,319	11,573	10,162	16,234	15,609	14,757	14,908	10,858	12,132	15,392	19,429	17,931	15,188	14,549	13,288	15,184	10,319	8,197	6,884	6,178	6,718	7,011	5,305	5,612	6,418	6,585	5,714	7,453	6,222	6,028	5,702	6,864	6,088	4,659	3,856	3,353	3,087	2,926	3,075	3,383	6,057	6,208	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	449,519	29,273	28,537	28,596	28,660	27,376	29,892	29,135	27,385	30,524	29,681	27,096	28,022	27,529	29,083	28,201	19,413	18,069	16,649	16,349	14,452	14,846	13,535	12,288	12,307	15,503	17,820	17,268	15,647	17,378	17,049	15,632	15,919	15,814	15,707	15,720	15,555	17,149	16,204	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	237,357	243,557	249,961	259,950	271,592	279,729	293,769	302,019	306,355	310,884	314,952	326,703	326,295	330,532	332,344	289	0	0	962	372	304	319	312	0	5,215	0	0	346	326	334	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Good Will	393,181	241,042	241,582	242,041	242,630	237,509	239,798	241,180	241,713	241,799	242,906	243,036	244,078	243,129	242,436	242,214	243,445	113,208	113,208	113,208	113,208	113,208	113,208	113,208	113,208	113,208	115,089	95,280	95,280	82,831	81,448	81,448	81,448	81,448	77,388	81,689	81,689	81,689	81,689	81,689	81,689	81,689	81,689	81,689	81,689	81,689	81,820	82,181	82,029	82,277	82,654	82,524	82,204	82,313	81,720	82,262	82,604	82,739	80,839	80,453	80,765	81,041	81,488	87,358	86,461	84,621	83,975	83,391	83,318	82,976	83,060	79,922	129,856	80,700	80,700	6,800	14,539	6,562	6,462	6,447	7,222	5,376	5,360	3,802	4,661	3,600	3,616	3,359	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Intangible Assets	112,952	9,986	10,729	11,472	12,414	9,420	10,226	11,048	11,888	12,782	13,702	14,628	15,555	16,482	17,337	38,102	39,490	7,994	8,575	9,344	10,113	10,882	11,651	12,420	13,189	14,427	15,226	7,440	8,312	4,716	4,453	5,270	6,315	7,361	7,653	9,606	10,699	11,789	12,892	13,807	14,723	11,890	12,849	13,809	14,770	15,783	16,820	17,873	18,910	19,969	21,047	22,084	23,130	24,480	25,721	27,037	28,337	29,604	27,711	28,779	31,278	33,752	36,888	38,593	39,724	41,023	42,249	43,617	44,988	46,300	47,822	48,704	129,856	132,270	133,626	13,564	14,539	13,903	14,060	14,407	8,582	10,893	11,140	4,619	4,661	4,640	4,860	4,741	1,179	0	0	0	20,638	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Inventory	162,285	133,866	126,226	127,147	122,480	108,553	96,012	136,660	113,102	81,170	68,503	61,392	60,830	53,860	52,953	54,985	60,261	65,264	72,889	79,208	83,282	94,035	89,556	96,399	67,923	48,061	36,491	32,615	26,984	27,226	25,882	35,620	37,334	39,841	39,400	48,458	35,536	31,210	30,737	28,434	25,694	27,625	26,653	26,057	26,182	24,995	25,113	27,807	28,098	28,595	27,004	27,262	22,717	23,867	20,100	17,877	16,832	20,925	22,378	24,395	25,063	26,563	28,815	28,128	27,459	30,048	32,658	32,724	30,583	28,195	26,039	22,021	18,819	18,579	18,057	17,799	20,091	16,715	14,817	14,221	15,519	15,152	16,598	17,517	18,952	19,146	21,482	21,995	23,078	35,690	35,211	34,476	27,664	18,811	14,581	12,526	10,900	11,400	10,600	12,200	10,800	11,200	9,700	9,100	7,800	8,200	6,600	8,000	7,000	8,300	12,800	12,600	12,600	9,000	5,400	5,500	4,400	4,200	4,300	3,900	3,000	3,100	2,900	2,200	1,600	1,500	1,200	1,100	1,100	900	1,100	1,300	900	1,200	1,000	900	900	1,100	1,100	-
Liabilities And Stockholders Equity	2,017,812	1,989,899	1,998,114	1,974,066	1,958,140	1,900,236	1,943,083	1,934,115	2,003,662	2,048,803	2,024,921	1,908,956	1,800,702	2,060,515	1,934,864	1,885,077	1,885,935	1,390,452	1,349,920	1,353,772	1,289,667	1,324,696	1,276,310	1,268,915	1,287,870	1,258,517	1,160,998	1,096,244	1,038,604	1,020,087	964,440	913,637	887,756	887,400	878,206	838,345	821,734	816,402	760,456	717,517	709,699	692,750	670,376	652,528	627,605	662,115	646,746	637,981	611,881	598,507	602,657	564,650	533,104	499,738	454,469	443,193	439,869	446,897	444,352	445,695	474,047	501,529	534,310	532,163	539,546	538,931	512,302	534,077	528,651	529,483	538,349	555,498	564,562	560,181	532,110	524,712	533,308	517,497	495,988	463,721	432,533	422,635	401,415	388,761	385,503	384,315	405,618	404,893	406,904	427,923	430,505	428,899	436,141	409,494	382,476	347,651	314,800	287,200	270,400	254,900	247,900	241,400	251,600	276,300	261,800	243,300	223,000	211,300	201,300	192,900	189,800	182,400	162,200	147,900	131,600	121,300	112,800	76,200	69,800	66,200	60,800	56,800	52,700	50,000	48,000	46,500	46,400	44,800	41,700	37,800	33,700	31,800	27,800	26,100	22,800	21,800	18,200	17,500	10,600	-
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,953	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	244,230	332,991	463,494	463,039	454,117	343,198	428,401	479,429	583,748	592,794	543,965	490,363	395,125	619,343	467,087	446,955	433,452	504,641	408,032	317,054	262,039	281,929	271,941	356,181	423,441	386,501	354,658	312,850	324,335	315,927	307,703	249,760	273,088	240,504	233,752	370,433	400,845	409,283	343,725	379,916	229,655	226,720	243,108	245,484	238,255	259,910	124,748	183,965	174,906	173,521	108,700	109,069	102,055	88,590	64,549	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Debt	-124,054	-327,069	-107,445	-124,605	-806,044	-759,001	-142,794	-131,239	-881,783	-176,668	-192,787	-218,660	-242,843	-985,148	-257,185	-221,231	-827,380	-105,534	-71,120	-87,960	-797,599	-809,316	-129,202	-803,382	-827,984	-111,349	-68,266	-92,428	-745,170	-61,145	-54,929	-79,914	-621,531	-79,563	-61,691	-548,823	-546,995	-38,179	-40,172	-42,463	-455,121	-443,738	-47,874	-413,652	-45,160	-54,158	-205,992	-41,559	-38,103	-30,175	-42,676	-37,014	-33,203	-38,213	-37,942	-114,664	-119,831	-127,162	-125,454	-123,020	-127,138	-125,094	-131,363	-139,464	-104,144	-107,343	-78,765	-91,666	-87,361	-89,550	-79,050	-81,880	-72,856	-92,025	-64,759	-55,062	-54,270	-65,105	-70,753	-105,982	-76,227	-58,991	-51,442	-50,969	-60,864	-47,108	-34,083	-31,119	-31,660	-48,013	-47,612	-42,935	-42,925	-260,518	-248,500	-229,809	-48,700	-200,700	-33,900	-33,300	-27,800	-20,700	-20,700	-36,800	-38,200	-38,600	-44,800	-55,800	-48,400	-44,400	-37,200	-41,000	-23,900	-22,700	-23,300	-36,200	-56,300	-17,700	-17,900	-18,600	-21,800	-21,400	-19,000	-14,400	-14,400	-11,800	-11,800	-14,300	-13,400	-10,700	-19,300	-13,700	-4,100	-4,700	-3,000	-4,900	-6,000	-8,200	-5,100	-
Net Invested Capital	1,504,752	1,488,598	1,480,463	1,446,331	1,438,394	1,389,220	1,389,985	1,358,745	1,430,093	1,492,961	1,429,454	1,357,001	1,262,202	1,505,829	1,376,478	1,327,493	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	116,566	132,130	150,107	146,508	125,417	96,292	173,682	156,912	130,348	137,109	150,945	130,485	131,328	127,755	112,649	105,948	103,447	118,617	117,943	116,626	127,484	149,389	139,687	100,881	126,842	173,588	84,532	59,525	57,655	92,158	86,719	45,095	42,846	71,012	96,376	56,264	50,938	113,241	69,780	51,947	53,015	48,832	45,215	42,780	42,387	44,761	48,385	45,595	48,206	45,827	42,480	42,124	45,901	47,202	41,197	33,722	30,964	25,246	23,699	21,895	30,510	44,201	40,125	44,009	38,923	39,687	35,520	38,042	40,055	39,893	44,639	42,200	42,051	38,063	36,283	29,303	33,816	37,495	34,204	26,456	26,697	28,899	25,846	21,510	18,981	21,645	19,284	17,372	17,064	21,178	23,233	25,290	47,031	42,461	39,075	32,217	29,400	25,200	22,400	17,700	25,900	24,300	31,100	33,400	28,800	31,600	31,700	22,700	22,200	16,900	22,000	22,100	24,300	20,000	16,100	11,700	9,200	10,000	9,400	8,200	7,400	6,700	5,500	5,400	3,500	4,000	2,900	4,000	4,200	4,200	4,500	3,000	2,700	2,400	2,400	2,100	1,700	1,800	2,100	-
Net Tangible Assets	0	1,237,570	1,228,152	1,192,818	1,183,350	1,142,291	1,139,961	1,106,517	1,176,492	1,238,380	1,172,846	1,099,337	1,002,569	1,246,218	1,116,705	1,047,177	1,072,775	1,118,016	1,069,857	1,066,307	1,011,942	1,025,354	954,273	951,471	968,956	1,005,888	921,661	908,492	859,007	856,401	800,743	764,001	737,904	723,984	708,095	675,768	644,049	640,474	587,926	565,552	547,500	544,145	520,460	503,963	475,826	507,930	492,953	488,739	452,041	439,115	436,584	400,818	367,977	328,630	287,446	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	527,113	677,287	537,920	508,186	529,991	626,189	542,517	477,754	451,209	506,930	487,944	465,891	469,394	488,738	501,894	444,643	845,987	544,566	593,191	680,200	857,827	882,962	634,947	813,626	836,136	535,557	493,444	518,428	758,675	461,754	416,535	438,625	642,874	418,313	409,636	582,263	548,172	179,241	194,110	137,351	468,043	465,169	228,056	429,422	189,493	198,403	409,028	258,653	231,241	221,484	285,623	249,927	224,573	198,028	173,491	205,523	210,674	221,876	216,083	208,962	213,374	233,220	255,411	260,533	263,806	230,104	202,575	254,501	258,280	236,592	240,768	275,797	268,612	254,269	218,699	282,435	242,460	261,206	259,474	206,691	150,311	148,459	137,557	143,962	162,808	164,568	152,986	156,518	143,712	170,794	196,035	166,330	167,913	288,760	274,181	252,125	231,300	216,500	202,100	190,400	184,400	181,300	190,700	210,000	199,600	185,600	169,900	160,400	152,800	147,700	146,200	134,300	119,400	107,900	100,600	95,900	88,500	53,900	53,300	50,000	51,700	47,900	44,300	40,400	38,100	36,900	37,300	36,600	34,100	30,900	26,600	23,500	21,300	19,500	17,200	15,500	13,100	11,300	-	-
Non Current Assets Total	1,338,815	1,142,908	1,279,732	1,251,903	855,993	877,759	1,208,325	1,261,235	852,848	1,376,736	1,332,043	1,283,385	1,199,011	865,836	1,288,389	1,289,790	876,874	764,671	671,046	580,527	281,302	271,956	516,763	268,253	265,121	613,434	579,150	502,300	208,795	489,259	478,716	420,707	186,045	401,265	388,103	184,800	188,265	558,653	492,200	527,636	175,869	172,555	393,197	170,039	388,008	411,889	182,565	335,071	326,535	324,168	260,356	261,027	254,099	242,349	226,304	195,473	190,515	192,771	192,582	197,415	209,623	216,863	230,071	224,621	231,867	249,514	259,488	231,287	215,570	229,592	233,126	220,267	237,909	246,778	254,444	183,992	220,347	196,256	187,603	210,073	234,935	231,630	224,626	212,378	191,712	190,022	224,292	222,486	234,332	222,704	196,466	222,873	216,401	71,550	64,012	58,420	46,000	38,200	39,100	40,000	40,600	40,200	40,800	38,800	37,800	35,500	34,200	32,200	31,900	30,000	28,600	27,800	26,400	25,000	21,000	15,400	15,100	14,500	10,700	9,900	3,400	3,400	3,200	3,000	3,000	3,000	2,600	2,400	2,300	2,200	2,100	2,500	2,600	1,900	1,700	1,500	1,300	1,300	1,200	-
Non Current Liabilities Other	299	0	99,832	70,201	82,077	89,788	89,265	100,515	91,211	88,686	11,626	81,391	91,251	88,585	87,510	76,408	77,404	69,730	72,597	71,868	62,085	63,727	72,274	78,479	79,133	15,468	15,403	9,516	10,232	6,719	8,281	8,279	8,082	6,785	4,603	4,372	4,623	3,942	3,803	3,939	4,765	4,390	6,255	5,955	5,216	4,890	5,066	4,931	4,796	4,291	5,694	5,528	5,361	4,954	4,908	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	361,176	331,597	337,189	313,758	291,618	279,266	360,857	380,244	334,826	390,705	390,533	392,275	406,203	362,911	413,805	406,940	367,151	70,019	72,597	71,868	3,866	5,474	72,578	4,780	5,904	15,468	20,618	9,516	4,871	7,065	8,607	8,613	3,252	6,785	4,603	4,372	4,623	3,942	3,803	3,939	4,765	4,390	6,255	5,955	5,216	4,890	5,066	4,931	4,796	4,291	5,694	5,528	5,361	4,954	4,908	6,840	6,741	6,327	10,219	10,063	9,922	9,656	19,470	19,512	19,308	17,913	13,098	12,743	8,400	0	0	0	0	0	0	0	0	248	243	243	252	0	0	21,163	0	0	0	0	0	0	0	332	365	375	985	719	700	1,800	2,200	2,100	2,100	2,000	1,200	1,400	1,300	1,400	1,800	1,900	2,000	1,600	1,900	2,000	1,900	2,900	0	0	0	-100	0	0	0	0	0	0	0	0	0	0	-100	100	100	100	100	200	200	200	100	100	2,300	-
Non Currrent Assets Other	7,088	6,151	6,438	6,725	-377,805	-228,443	6,799	7,158	-503,774	7,363	7,603	7,692	7,794	-558,859	8,042	8,191	-395,997	5,320	5,424	3,698	-224,114	-250,369	2,178	-327,896	-390,150	2,817	3,300	2,379	-301,146	2,526	2,623	2,615	-247,504	2,778	2,756	-341,969	-367,327	1,728	2,038	2,110	-199,641	-198,812	2,388	-222,858	2,827	2,785	-91,535	2,700	3,027	1,718	1,658	1,567	1,559	1,501	10,129	9,608	9,722	10,080	10,108	9,932	10,754	9,533	9,047	9,733	59,252	78,584	93,366	67,321	52,234	60,172	63,719	55,802	73,651	84,408	91,785	125,781	160,297	3,754	3,794	3,867	174,723	3,775	3,668	3,414	143,038	3,586	3,666	3,514	191,118	180,240	154,921	181,629	182,389	38,877	30,700	26,255	14,400	5,900	6,500	6,700	6,300	5,500	6,200	5,600	4,800	3,700	3,100	3,300	3,600	3,700	3,900	4,000	4,300	4,100	500	600	600	700	400	400	300	400	400	400	400	600	500	300	300	300	300	900	900	300	200	200	200	200	100	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Assets	0	409,164	413,695	0	413,884	411,703	418,304	419,491	425,812	428,325	433,221	437,493	860,205	447,258	451,774	458,471	455,352	34,593	33,961	32,294	32,585	31,249	32,070	31,352	579,714	547,477	517,954	445,045	458,268	433,529	425,310	367,294	382,873	350,160	338,198	479,694	509,221	519,335	453,879	489,810	340,512	338,118	357,854	360,782	353,188	377,545	243,208	302,351	294,791	293,299	229,766	230,964	224,503	214,033	198,323	167,183	161,939	163,812	164,385	169,404	181,859	189,529	202,047	197,096	205,187	223,187	232,963	204,778	189,542	205,257	208,906	196,027	213,734	222,678	230,228	160,419	196,352	172,421	163,486	185,573	209,955	206,547	198,764	185,822	164,307	161,743	194,675	192,266	203,119	189,816	162,584	188,578	182,389	38,877	30,700	26,255	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	68,099	68,347	73,090	67,634	67,490	106,046	105,384	64,573	68,742	61,196	65,646	47,773	37,220	37,411	51,768	35,913	26,840	28,127	34,451	30,778	34,000	27,687	47,362	26,068	30,800	38,824	50,157	33,349	20,870	21,921	23,601	12,512	22,975	23,135	69,172	26,847	31,982	25,361	43,890	25,260	27,876	25,592	22,148	20,094	20,763	24,442	390,683	28,740	26,508	27,333	28,129	26,881	29,361	34,591	31,576	26,127	26,164	25,266	25,645	26,476	29,154	24,717	3,170	22,472	23,974	24,515	24,014	24,895	26,763	21,615	20,714	19,968	23,771	23,777	24,890	21,312	24,375	20,162	21,559	26,237	22,749	21,254	21,194	17,936	19,225	23,400	20,914	21,774	22,257	15,890	18,100	18,200	16,691	16,154	16,308	14,679	116,900	11,700	164,400	151,700	142,800	141,300	149,300	158,200	149,200	129,400	105,700	92,600	91,800	93,300	89,200	78,900	75,000	71,200	65,800	52,500	27,800	29,800	27,500	25,600	25,200	22,200	22,100	25,000	25,500	26,200	27,900	23,000	20,700	19,600	6,200	10,600	17,500	15,900	14,700	11,100	8,300	5,100	800	-
Other Current Liab	89,281	98,423	102,726	121,056	58,549	57,267	88,336	87,587	58,731	92,608	88,297	79,245	86,643	40,330	72,216	102,647	72,930	52,573	49,787	50,508	60,220	66,632	58,654	56,463	68,249	53,070	42,621	38,904	42,539	42,593	36,061	30,653	33,179	33,373	14,598	32,240	37,663	39,503	32,921	26,140	32,959	31,367	28,279	24,258	26,185	44,256	28,020	35,904	45,748	45,467	49,756	35,511	29,346	26,492	24,307	18,002	18,811	16,079	18,578	17,150	21,855	28,167	24,064	25,959	23,340	39,578	1,673	1,965	842	1,655	1,663	1,736	2,142	2,784	3,171	3,301	3,445	2,436	2,506	2,641	3,932	4,900	4,911	3,733	3,659	3,519	3,480	3,339	2,943	3,340	2,957	3,011	41,700	41,652	36,747	31,637	33,300	27,200	26,000	21,000	20,400	13,500	17,800	23,900	21,100	18,200	15,000	14,900	12,900	13,600	13,100	18,700	13,600	12,600	8,900	9,000	7,900	6,800	5,100	5,600	5,300	5,000	4,700	6,100	6,600	6,100	6,100	5,500	5,000	4,200	4,000	4,700	3,600	4,300	3,500	3,200	3,600	4,600	3,500	-
Other Liab	0	271,147	275,337	0	300,740	324,478	334,761	354,065	367,185	371,783	374,171	376,052	388,083	395,235	392,597	394,524	397,422	59,297	60,448	59,915	63,047	64,099	72,578	78,798	79,133	15,468	15,403	9,516	10,232	6,719	8,281	8,279	8,082	6,785	4,603	4,372	4,623	3,942	3,803	3,939	4,765	4,390	6,255	5,955	5,216	4,890	5,066	4,931	4,796	4,291	5,694	5,528	5,361	4,954	4,908	6,840	6,741	6,327	10,219	10,063	9,922	9,656	19,470	19,512	19,308	17,913	13,098	12,743	0	0	0	0	0	0	0	0	0	248	243	243	252	0	0	0	0	0	0	0	0	0	0	332	365	375	985	719	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,037,202	1,023,960	1,010,973	992,690	979,167	960,446	947,269	933,452	914,802	900,190	874,883	854,491	807,739	762,832	710,412	664,132	639,372	594,427	578,871	555,834	529,208	518,556	498,343	485,654	461,338	443,132	425,406	411,650	375,030	349,981	330,969	321,252	311,008	306,344	294,155	272,070	251,717	245,687	231,907	223,560	211,440	206,152	190,444	179,192	165,248	161,296	157,867	154,922	135,668	129,845	130,171	115,368	102,620	78,347	69,984	69,321	69,271	77,981	76,745	75,048	73,280	93,905	115,188	113,494	140,943	137,377	132,818	156,684	155,136	155,075	168,972	200,195	216,031	218,342	197,581	195,734	192,860	188,517	186,267	161,588	137,234	132,690	117,689	113,740	112,284	115,100	130,380	160,277	156,797	146,105	127,900	125,100	145,764	109,800	104,700	95,700	104,800	66,400	63,200	58,500	75,500	55,200	67,000	105,000	102,700	86,800	80,300	89,200	86,600	85,000	84,100	104,300	75,800	71,500	57,800	54,700	58,700	27,300	27,100	26,700	24,700	23,900	22,800	21,000	20,500	19,900	21,200	21,800	21,200	21,200	19,200	18,700	18,500	17,600	16,700	16,300	15,000	14,300	6,100	-
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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Property Plant And Equipment Gross	281,337	149,725	150,232	119,043	117,396	110,939	0	0	0	0	98,249	97,865	101,755	81,225	109,755	104,048	106,965	104,235	107,270	108,627	91,396	88,930	87,900	85,200	78,048	66,000	61,200	57,300	53,992	55,700	53,400	53,400	53,285	51,100	49,900	48,700	47,907	39,300	38,300	37,800	37,136	35,600	35,343	34,647	34,820	34,344	33,700	32,700	31,744	30,900	30,600	30,100	29,596	28,300	28,000	28,300	28,576	29,000	28,200	28,000	27,764	27,300	28,000	27,500	26,680	26,327	26,500	26,500	26,028	24,300	24,200	24,200	24,175	24,100	24,200	23,600	23,995	23,800	24,100	24,500	24,980	25,100	25,900	26,556	27,405	28,300	29,617	30,220	31,213	32,888	33,900	34,300	34,012	32,700	33,300	32,200	31,600	32,300	32,600	33,300	34,300	34,700	34,600	33,200	33,000	31,800	30,900	28,900	28,300	26,300	24,700	23,800	22,100	20,900	20,500	14,800	14,500	13,800	10,300	9,500	3,100	3,000	2,800	2,600	2,600	2,400	2,100	2,100	2,000	1,900	1,800	1,600	1,700	1,600	1,500	1,300	1,100	1,100	1,100	-
Property Plant And Equipment Net	180,964	149,725	150,232	119,043	117,396	110,939	111,596	110,087	100,703	101,036	98,249	97,865	101,755	106,167	109,755	104,048	106,965	104,235	107,270	108,627	91,396	88,930	87,893	85,205	78,048	65,957	61,196	57,255	53,992	55,730	53,406	53,413	53,285	51,105	49,905	48,692	47,907	39,318	38,321	37,826	37,136	35,565	35,343	34,647	34,820	34,344	33,663	32,720	31,744	30,869	30,590	30,063	29,596	28,316	27,981	28,290	28,576	28,959	28,197	28,011	27,764	27,334	28,024	27,525	26,680	26,327	26,525	26,509	26,028	24,335	24,220	24,240	24,175	24,100	24,216	23,573	23,995	23,835	24,117	24,500	24,980	25,083	25,862	26,556	27,405	28,279	29,617	30,220	31,213	32,888	33,882	34,295	34,012	32,673	33,312	32,165	31,600	32,300	32,600	33,300	34,300	34,700	34,600	33,200	33,000	31,800	30,900	28,900	28,300	26,300	24,700	23,800	22,100	20,900	20,500	14,800	14,500	13,800	10,300	9,500	3,100	3,000	2,800	2,600	2,600	2,400	2,100	2,100	2,000	1,900	1,800	1,600	1,700	1,600	1,500	1,300	1,100	1,100	1,100	-
Property Plant Equipment	0	149,725	81,638	81,274	79,714	79,425	79,468	77,870	77,546	76,882	98,249	77,081	79,173	81,225	83,936	86,702	89,443	88,429	89,342	91,273	91,396	88,930	87,893	85,205	78,048	65,957	61,196	57,255	53,992	55,730	53,406	53,413	53,285	51,105	49,905	48,692	47,907	39,318	38,321	37,826	37,136	35,565	35,343	34,647	34,820	34,344	33,663	32,720	31,744	30,869	30,590	30,063	29,596	28,316	27,981	28,290	28,576	28,959	28,197	28,011	27,764	27,334	28,024	27,525	26,680	26,327	26,525	26,509	26,028	24,335	24,220	24,240	24,175	24,100	24,216	23,573	23,995	23,835	24,117	24,500	24,980	25,083	25,862	26,556	27,405	28,279	29,617	30,220	31,213	32,888	33,882	34,295	34,012	32,673	33,312	32,165	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	512,543	534,337	537,947	517,526	528,179	510,877	512,230	488,511	562,882	634,165	593,290	540,686	487,912	780,521	702,597	713,208	753,268	682,383	649,234	670,754	646,214	670,935	619,212	622,856	668,267	727,319	669,347	652,917	643,825	640,230	603,204	575,548	566,613	553,792	546,205	544,448	523,946	521,845	479,581	466,350	462,131	461,538	456,978	452,049	436,466	472,729	459,645	444,592	434,581	419,699	405,463	390,146	379,826	363,329	347,566	335,021	328,459	329,983	327,465	335,867	345,225	349,350	344,146	342,048	337,231	329,820	326,158	326,087	329,251	323,537	317,227	309,469	304,454	296,491	289,401	285,308	283,712	280,754	272,779	264,615	258,724	255,640	253,109	249,803	248,010	247,586	246,805	251,517	254,037	274,372	272,080	269,925	265,164	249,177	229,786	212,428	197,000	184,800	175,900	169,700	166,600	164,400	163,400	156,900	146,400	132,600	121,700	112,300	105,800	99,700	96,400	86,300	73,500	63,000	63,600	56,400	50,500	45,600	41,300	37,600	34,400	31,000	28,000	25,400	23,300	22,400	20,900	19,300	17,200	14,600	12,000	9,700	7,700	5,800	4,100	2,500	1,200	0	-	-
Retained Earnings Total Equity	0	0	537,947	517,526	528,179	510,877	512,230	488,511	562,882	634,165	593,290	540,686	487,912	780,521	702,597	713,208	753,268	682,383	649,234	670,754	646,214	670,935	619,212	622,856	668,267	727,319	669,347	652,917	643,825	640,230	603,204	575,548	566,613	553,792	546,205	544,448	523,946	521,845	479,581	466,350	462,131	461,538	456,978	452,049	436,466	472,729	459,645	444,592	434,581	419,699	405,463	390,146	379,826	363,329	347,566	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,383	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	78,601	68,432	70,040	39,566	48,206	58,631	34,252	34,530	25,581	26,811	24,250	24,028	26,230	27,916	28,836	17,966	17,973	16,167	17,984	17,336	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	21,163	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	200	500	700	0	0	0	1,300	0	0	300	-
Short Term Debt	9,624	7,982	8,188	8,177	8,454	33,371	8,156	8,351	7,786	7,889	7,888	7,805	8,110	27,916	7,628	5,550	5,647	5,445	5,835	5,383	4,023	967	12,477	29,470	16,683	10,053	4,957	5,696	-31,985	470	3,238	1,494	-27,045	9,112	31,673	-26,940	-31,992	1,450	569	276	-26,931	-26,887	208	-16,083	4,414	0	-19,175	-11,461	-5,621	0	0	-1,466	7,771	10,299	7,732	-15,376	2	462	1,717	1,861	2,986	0	0	0	0	0	33,512	32,487	40,612	49,477	48,798	44,438	43,476	46,109	44,403	44,544	55,779	45,240	35,113	32,750	32,098	26,640	24,840	21,163	16,558	16,336	15,951	16,640	18,486	23,199	24,099	24,703	0	0	0	0	0	0	0	0	0	3,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	200	500	700	0	0	0	1,300	0	0	100	-
Short Term Investments	129,392	117,147	191,474	216,703	218,759	208,430	182,634	148,966	137,455	189,113	190,747	143,233	103,240	95,365	143,084	159,244	240,470	292,072	364,487	441,337	427,348	420,016	353,740	337,629	297,961	273,261	342,402	376,027	341,194	328,378	294,593	319,789	296,468	272,584	223,464	142,343	90,456	49,758	83,677	41,777	184,822	186,572	135,289	125,411	105,105	101,870	59,943	159,209	144,431	142,409	202,012	170,342	147,823	113,516	97,350	55,330	55,563	55,527	54,594	52,494	52,559	64,091	77,052	73,469	113,179	87,824	81,857	115,463	128,319	120,638	134,781	169,162	169,156	140,959	133,677	217,244	180,409	181,764	167,052	80,752	56,406	66,709	61,709	68,451	75,769	83,075	85,563	90,147	78,513	84,448	109,900	85,128	85,429	0	0	0	62,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	63,000	59,600	49,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,017,812	1,989,899	1,998,114	1,974,066	1,958,140	1,900,236	1,943,083	1,934,115	2,003,662	2,048,803	2,024,921	1,908,956	1,800,702	2,060,515	1,934,864	1,885,077	1,885,935	1,390,452	1,349,920	1,353,772	1,289,667	1,324,696	1,276,310	1,268,915	1,287,870	1,258,517	1,160,998	1,096,244	1,038,604	1,020,087	964,440	913,637	887,756	887,400	878,206	838,345	821,734	816,402	760,456	717,517	709,699	692,750	670,376	652,528	627,605	662,115	646,746	637,981	611,881	598,507	602,657	564,650	533,104	499,738	454,469	443,193	439,869	446,897	444,352	445,695	474,047	501,529	534,310	532,163	539,546	538,931	512,302	534,077	528,651	529,483	538,349	555,498	564,562	560,181	532,110	524,712	533,308	517,497	495,988	463,721	432,533	422,635	401,415	388,761	385,503	384,315	405,618	404,893	406,904	427,923	430,505	428,899	436,141	409,494	382,476	347,651	314,800	287,200	270,400	254,900	247,900	241,400	251,600	276,300	261,800	243,300	223,000	211,300	201,300	192,900	189,800	182,400	162,200	147,900	131,600	121,300	112,800	76,200	69,800	66,200	60,800	56,800	52,700	50,000	48,000	46,500	46,400	44,800	41,700	37,800	33,700	31,800	27,800	26,100	22,800	21,800	18,200	17,500	10,600	-
Total Current Assets	678,997	846,991	718,382	722,163	1,102,147	1,022,477	734,758	672,880	1,150,814	672,067	692,878	625,571	601,691	1,194,679	646,475	595,287	1,009,061	625,781	678,874	773,245	1,008,365	1,052,740	759,547	1,000,662	1,022,749	645,083	581,848	593,944	829,809	530,828	485,724	492,930	701,711	486,135	490,103	653,545	633,469	257,749	268,256	189,881	533,830	520,195	277,179	482,489	239,597	250,226	464,181	302,910	285,346	274,339	342,301	303,623	279,005	257,389	228,165	247,720	249,354	254,126	251,770	248,280	264,424	284,666	304,239	307,542	307,679	289,417	252,814	302,790	313,081	299,891	305,223	335,231	326,653	313,403	277,666	340,720	312,961	321,241	308,385	253,648	197,598	191,005	176,789	176,383	193,791	194,293	181,326	182,407	172,572	205,219	234,039	206,026	219,740	337,944	318,464	289,231	268,800	249,000	231,300	214,900	207,300	201,200	210,800	237,500	224,000	207,800	188,800	179,100	169,400	162,900	161,200	154,600	135,800	122,900	110,600	105,900	97,700	61,700	59,100	56,300	57,400	53,400	49,500	47,000	45,000	43,500	43,800	42,400	39,400	35,600	31,600	29,300	25,200	24,200	21,100	20,300	16,900	16,200	9,400	-
Total Current Liabilities	151,884	169,704	180,462	213,977	228,128	231,750	192,241	195,126	238,743	165,137	204,934	159,680	132,297	191,775	144,581	150,644	163,074	81,215	85,683	93,045	150,538	169,778	124,600	187,036	186,613	109,526	88,404	75,516	71,134	69,074	69,189	54,305	58,837	67,822	80,467	71,282	85,297	78,508	74,146	52,530	65,787	55,026	49,123	53,067	50,104	51,823	55,153	44,257	54,105	52,855	56,678	53,696	54,432	59,361	54,674	42,197	38,680	32,250	35,687	39,318	51,050	51,446	48,828	47,009	43,873	59,313	50,239	48,289	54,801	63,299	64,455	59,434	58,041	59,134	58,967	58,285	70,501	60,035	48,911	46,957	47,287	42,546	39,232	32,421	30,983	29,725	28,340	25,889	28,860	34,425	38,004	39,696	51,827	49,184	44,283	37,106	37,500	32,500	29,200	24,500	22,900	19,900	20,100	27,500	24,400	22,200	18,900	18,700	16,600	15,200	15,000	20,300	16,400	15,000	10,000	10,000	9,200	7,800	5,800	6,300	5,700	5,500	5,200	6,600	6,900	6,600	6,500	5,800	5,300	4,700	5,000	5,800	3,900	4,700	3,900	4,800	3,800	4,900	3,800	-
Total Liab	513,060	501,301	517,651	527,735	519,746	511,016	553,098	575,370	573,569	555,842	595,467	551,955	538,500	554,686	558,386	557,584	530,225	151,234	158,280	164,913	154,404	175,252	197,178	191,816	192,517	124,994	109,022	85,032	76,005	76,139	77,796	62,918	62,089	74,607	85,070	71,282	85,297	82,450	77,949	56,469	65,787	55,026	55,378	53,067	55,320	56,713	55,153	49,188	58,901	57,146	62,372	59,224	59,793	64,315	59,582	49,037	45,421	38,577	45,906	49,381	60,972	61,102	68,298	66,521	63,181	77,226	63,337	61,032	54,801	63,299	64,455	59,434	58,041	59,134	58,967	58,285	70,501	60,283	49,154	47,200	47,539	42,546	39,232	32,421	30,983	29,725	28,340	25,889	28,860	34,425	38,004	40,028	52,192	49,559	45,268	37,825	38,200	34,300	31,400	26,600	25,000	21,900	21,300	28,900	25,700	23,600	20,700	20,600	18,600	16,800	16,900	22,300	18,300	17,900	10,000	10,000	9,200	7,700	5,800	6,300	5,700	5,500	5,200	6,600	6,900	6,600	6,500	5,800	5,200	4,800	5,100	5,900	4,000	4,900	4,100	5,000	3,900	5,000	6,100	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Stockholder Equity	1,504,752	1,488,598	1,480,463	1,446,331	1,438,394	1,389,220	1,389,985	1,358,745	1,430,093	1,492,961	1,429,454	1,357,001	1,262,202	1,505,829	1,376,478	1,327,493	1,355,710	1,239,218	1,191,640	1,188,859	1,135,263	1,149,444	1,079,132	1,077,099	1,095,353	1,133,523	1,051,976	1,011,212	962,599	943,948	886,644	850,719	825,667	812,793	793,136	767,063	736,437	733,952	682,507	661,048	643,912	637,724	614,998	599,461	572,285	605,402	591,593	588,793	552,980	541,361	540,285	505,426	473,311	435,423	394,887	394,156	394,448	408,320	398,446	396,314	413,075	440,427	466,012	465,642	476,365	461,705	448,965	473,045	473,850	466,184	473,894	496,064	506,521	501,047	473,143	466,427	462,807	457,214	446,834	416,521	384,994	380,089	362,183	356,340	354,520	354,590	377,278	379,004	378,044	393,498	392,501	388,871	383,949	359,935	337,208	309,826	276,600	252,900	239,000	228,300	222,900	219,500	230,300	247,400	236,100	219,700	202,300	190,700	182,700	176,100	172,900	160,100	143,900	130,000	121,600	111,300	103,600	68,500	64,000	59,900	55,100	51,300	47,500	43,400	41,100	39,900	39,900	39,000	36,500	33,000	28,600	25,900	23,800	21,200	18,700	16,800	14,300	12,500	4,500	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-72,765	-72,445	-72,446	-72,306	-72,311	-72,311	-72,311	-45,886	-45,888	-43,419	-43,421	-42,672	-42,675	-42,675	-42,676	-42,678	-43,633	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Begin Period Cash Flow	181,374	186,161	269,073	171,431	108,212	106,582	79,641	51,975	55,694	40,644	45,160	38,103	33,203	119,831	127,138	104,144	87,361	72,856	54,270	49,980	60,864	31,660	42,925	48,665	27,800	38,200	48,400	23,900	56,300	21,800	14,400	13,400	4,100	6,000	4,600
Capital Expenditures	23,077	19,667	15,455	13,303	21,745	37,095	28,754	12,816	28,703	20,934	13,380	9,878	7,820	5,852	5,466	6,012	4,635	4,224	3,819	3,120	2,462	2,227	4,455	7,755	3,400	7,200	10,900	10,200	10,500	13,100	1,800	1,500	1,100	1,100	1,000
Cash And Cash Equivalents Changes	0	-1,422	-80,097	94,971	63,219	1,630	26,941	27,666	-3,719	15,050	-4,516	7,057	4,900	-86,628	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	37,069	-10,304	13,697	11,898	-10,588	-5,675	-3,509	2,155	-3,691	-3,482	5,175	1,064	862	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	21,281	-4,787	-82,912	97,642	63,219	1,630	26,941	27,666	-3,719	15,050	-4,516	7,057	4,900	-86,628	-7,307	22,994	16,783	14,505	18,586	4,290	15,363	29,204	-11,265	-5,740	20,900	-10,400	-10,100	24,500	-32,500	34,600	1,600	-1,400	3,100	3,000	6,000
Change In Working Capital	-67,719	-73,532	-34,012	-31,361	77,208	-57,643	-3,392	121	-12,998	15,945	2,662	12,710	-3,512	-1,671	-10,098	3,582	5,366	-15,209	-9,382	6,462	-50	3,063	-5,239	-26,484	13,100	600	-1,500	9,300	-21,900	300	-6,400	500	-300	-1,300	300
Change Receivables	0	3,454	-4,503	-21,285	20,337	-2,773	-59,789	-15,559	-3,950	-915	-11,311	5,035	-2,031	-14,535	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	23,346	3,454	-4,503	-21,285	16,807	-1,867	-55,185	-13,251	-3,950	-915	-11,311	5,035	-2,031	-14,535	-287	8,551	3,198	4,216	0	0	0	0	27,824	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	-22,591	-48,934	-54,920	-10,319	23,137	-16,946	-37,088	10,409	-9,457	-11,750	666	1,872	-5,743	-7,699	5,140	-959	124	-10,178	1,048	-3,642	5,833	5,010	-12,893	-17,902	-400	-3,600	-900	2,500	-7,700	-1,500	-1,300	-600	-100	100	300
Change To Liabilities	0	-15,665	38,288	-119	21,836	-27,336	99,160	8,780	-1,746	32,301	16,789	628	3,198	19,701	0	2,405	0	0	0	15,495	1,630	0	0	9,266	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	27,368	40,453	56,463	-52,130	40,173	33,341	16,936	-70,521	4,250	5,599	3,730	3,598	3,629	0	0	8,554	0	0	0	0	0	0	1,623	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-17,023	-12,070	19,181	2,960	-10,208	8,675	4,170	-1,961	4,684	0	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	21,880	19,621	20,283	26,503	24,900	21,549	16,991	15,069	14,118	12,467	11,102	10,858	9,756	9,809	9,580	11,375	11,358	11,667	11,425	9,970	10,162	9,524	13,544	11,993	9,300	8,700	5,800	5,100	3,200	1,800	1,300	900	700	500	400
Dividends Paid	-49,079	45,921	43,263	390,508	35,124	31,865	29,037	25,213	18,062	18,062	0	66,213	15,114	10,014	11,897	19,281	14,898	15,058	14,960	12,756	5,237	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	202,655	181,374	186,161	269,073	171,431	108,212	106,582	79,641	51,975	55,694	40,644	45,160	38,103	33,203	119,831	127,138	104,144	87,361	72,856	54,270	76,227	60,864	31,660	42,925	48,700	27,800	38,300	48,400	23,800	56,400	16,000	12,000	7,200	9,000	10,600
Exchange Rate Changes	0	0	0	0	-437	-1,093	8,294	-3,352	-4,668	-1,951	557	-10,069	-960	-6,713	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	89,839	223,739	298,610	229,097	231,480	186,359	195,569	169,265	89,660	135,036	82,075	91,253	78,274	70,491	6,817	52,925	43,838	44,255	38,942	60,056	28,502	14,219	16,415	68,669	52,000	22,500	41,600	40,900	11,300	5,900	5,400	5,700	9,000	4,400	3,500
Investments	84,803	20,263	-237,084	181,738	31,320	30,533	-52,392	-94,618	-85,209	-83,163	-74,690	-28,976	-82,208	-170,949	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	0	0	0	0	0	0	0	0	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	113,234	215,525	279,881	176,186	203,865	219,267	177,178	149,827	108,892	121,485	73,573	68,098	69,869	61,381	-4,869	27,275	26,899	39,855	35,702	37,744	15,951	-6,027	-11,127	68,148	30,400	20,200	40,500	30,400	23,000	16,100	11,100	6,100	9,500	6,500	3,700
Other Cashflows From Financing Activities	32,273	-4,454	63,292	124,676	64,581	-1,000	-1,926	-337	9,964	7,871	7,658	21,062	4,045	1,858	-472	1,671	241	1,413	-21,095	-92,150	-30,354	39,054	-4,637	-99,414	-47,400	100	-68,200	-29,400	-58,800	-15,700	-1,300	100	-3,900	-10,400	-300
Other Cashflows From Investing Activities	0	-5,050	0	1,004	-166,911	-4,265	-24,409	-14,398	92,890	104,388	-3,750	0	0	315	0	2,797	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	10,532	54,625	7,257	31,764	-3,471	-396	-183	-1,586	-444	1,150	2,922	4,110	879	2,763	6,462	6,915	3,031	12,211	364	11,568	5,333	12,082	243	23,300	700	-2,700	-1,300	900	18,800	1,200	1,200	0	200	-200	100
Sale Purchase Of Stock	-79,794	-204,314	-161,652	-51,036	-61,690	-203,822	-123,715	-47,149	-126,351	-59,673	-47,908	17,468	-10,000	28,384	146	-92,969	-32,663	-86,296	-11,690	0	0	-26,425	4,637	0	0	-39,900	0	0	0	0	0	-2,500	0	0	-1,000
Stock Based Compensation	54,768	54,505	43,774	42,661	45,589	41,090	31,942	20,558	20,168	15,158	10,620	8,520	8,068	3,027	9,223	10,231	11,715	0	7,648	0	0	0	31,292	0	8,900	4,200	11,600	5,800	0	0	0	0	0	0	0
Total Cash From Financing Activities	-125,605	-240,374	-141,623	-316,868	-32,233	-209,904	-100,121	-29,231	-106,867	-34,872	-12,458	-45,151	9,794	20,228	-21,298	-95,527	-40,501	-89,582	565	31,144	15,413	-21,421	4,637	17,920	13,900	-35,500	5,000	2,500	4,400	31,400	1,600	-1,400	3,100	3,000	6,000
Total Cash From Operating Activities	112,916	243,406	314,065	242,400	253,225	223,454	224,323	182,081	118,363	155,970	95,455	101,131	86,094	76,343	12,283	58,937	48,473	48,479	42,761	63,176	30,964	16,446	20,870	76,424	55,400	29,700	52,500	51,100	21,800	19,000	7,200	7,200	10,100	5,500	4,500
Total Cashflows From Investing Activities	0	-4,454	-252,539	169,439	-157,336	-10,827	-105,555	-121,832	-10,547	-104,097	-88,070	-38,854	-90,028	-176,486	0	64,538	8,700	52,525	0	0	0	39,054	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30
Begin Period Cash Flow	395,501	177,485	164,171	181,374	266,004	177,046	165,769	186,161	203,479	217,037	242,688	269,073	298,356	286,021	239,197	171,431	121,701	89,104	105,296	108,212	107,371	129,202	109,572	106,582	111,349	68,266	92,428	79,641	61,145	54,929	79,914	51,975	79,563	61,691	36,047	55,694	38,179	40,172	42,463	40,644	30,446	47,874	42,757	45,160	54,158	205,992	41,559	38,103	30,175	42,676	37,014	33,203	38,213	37,942	114,664	119,831	127,162	125,454	123,020	127,138	125,094	131,363	139,464	104,144	107,343	78,765	91,666	87,361	89,550	79,050	81,880	72,856	92,025	64,759	55,062	54,270	65,105	70,753	105,982	76,227	58,991	51,442	50,969	60,864	47,108	34,083	31,119	31,660	48,013	47,612	42,935	42,925	49,855	46,031	52,746	48,665	36,000	33,800	172,500	27,800	164,300	160,600	181,200	38,200	135,300	141,500	141,800	48,400	300	0	41,000	23,900	22,700	23,300	36,200	56,300	0	300	22,600	21,800	200	1,100	14,400	14,400	0	0	13,800	13,400	1,900	300	4,200	4,100	700	400	7,100	6,000	5,400	0
Capital Expenditures	7,015	5,855	4,700	5,507	4,062	4,352	6,668	4,585	4,766	4,139	4,114	2,436	3,474	2,844	3,911	3,074	8,227	4,549	3,891	5,078	9,739	5,681	8,405	13,270	8,710	7,872	6,077	6,095	2,325	5,144	3,110	2,237	5,211	3,492	15,736	4,264	11,856	3,737	2,656	2,685	7,228	1,842	2,402	1,908	2,257	2,317	2,817	2,487	2,275	1,920	2,048	1,577	2,545	1,076	1,150	1,081	954	1,674	1,097	1,741	1,768	737	1,798	1,709	1,328	746	1,074	1,487	993	1,208	992	1,031	910	1,095	1,047	767	1,090	769	691	570	892	430	579	561	599	44,318	45,304	642	464	493	1,101	2,397	2,540	1,077	2,505	1,633	1,100	700	900	700	2,100	4,400	2,900	2,000	2,700	2,100	3,500	2,600	3,300	2,800	2,100	2,000	2,100	1,200	6,400	800	1,300	3,900	1,200	6,700	500	500	500	300	400	600	200	300	400	300	0	0	300	200	300	300	100	100
Cash And Cash Equivalents Changes	0	0	15,787	-17,559	-93,083	94,911	16,111	-19,361	-16,987	-12,694	-25,930	-24,486	-31,209	6,732	45,352	74,096	49,730	32,597	-16,192	-2,916	841	-21,831	19,630	2,990	-4,767	43,083	-24,162	12,787	18,496	6,216	-24,985	27,939	-27,588	17,872	25,644	-19,647	17,515	-1,993	-2,291	1,819	10,198	-17,428	5,117	-2,403	-8,998	-151,834	164,433	3,456	7,928	-12,501	5,662	3,811	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-4,193	2,590	29,540	3,278	-1,526	5,777	10,575	580	-14,955	-6,504	22,004	-562	3,683	-11,428	7,934	5,617	-4,405	2,752	-5,547	17,909	-21,660	-1,290	7,432	14,602	-14,649	-13,060	2,280	1,118	-10,234	3,327	3,241	58,579	-33,285	-26,380	3,859	3,141	-4,379	-6,312	2,506	-4,125	-1,003	-860	-4,341	12,428	3,148	-6,060	3,248	-8,493	3,999	2,310	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-192,846	218,016	13,314	-17,203	-84,630	88,958	11,277	-20,392	-17,318	-13,558	-25,651	-26,385	-29,283	12,335	46,824	67,766	49,730	32,597	-16,192	-2,916	841	-21,831	19,630	2,990	-4,767	43,083	-24,162	12,787	18,496	6,216	-24,985	27,939	-27,588	17,872	25,644	-19,647	17,515	-1,993	-2,291	1,819	10,198	-17,428	5,117	-2,403	-8,998	-151,834	164,433	3,456	7,928	-12,501	5,662	3,811	-5,010	271	-76,722	-5,167	-7,331	1,708	2,434	-4,118	2,044	-6,269	-8,101	35,320	-3,199	28,578	-12,901	4,305	-2,189	10,500	-2,830	9,024	-19,169	27,266	9,697	792	-10,835	-5,648	-35,229	29,755	17,236	7,549	473	-9,895	13,756	13,025	2,964	-541	-16,353	401	4,677	10	-6,930	3,824	-6,715	4,081	12,700	2,200	600	5,500	3,400	3,700	-16,100	-1,400	-300	-6,200	-10,900	7,300	4,000	300	-3,700	17,100	1,100	1,400	1,100	800	30,300	-100	300	800	200	200	1,100	100	500	-2,000	-300	400	800	1,900	300	100	800	700	400	1,100	600	5,400
Change In Working Capital	-18,655	4,115	-42,778	-10,401	3,443	31,044	-72,264	-35,755	-10,991	-32,633	560	9,052	-170	-24,557	-32,900	26,266	62,308	8,988	-7,646	13,558	11,347	-18,399	-51,644	1,053	94,410	-60,427	-27,330	-10,045	29,729	-5,650	-28,236	4,278	17,597	32,340	-36,555	-26,380	59,006	-20,784	-15,965	-6,312	8,917	-3,930	-1,465	-860	4,703	11,995	2,251	-6,239	-969	-8,210	3,357	2,310	5,351	1,631	-6,862	-1,791	-642	-6,702	-1,798	-956	11,818	-11,232	1,386	1,610	-7,565	3,674	5,656	3,601	-13,533	901	-4,621	2,044	-3,283	-1,472	-3,570	-1,057	4,497	8,081	-5,295	-821	14	1,118	-893	-289	4,494	-1,508	1,974	-1,897	-5,869	-265	427	468	-10,929	-1,755	-4,715	-9,085	2,300	14,400	11,700	8,100	3,100	-9,400	-19,300	10,400	14,000	15,700	9,500	7,600	300	1,500	11,900	14,900	11,500	7,300	4,700	7,400	2,300	1,400	-2,000	-1,400	-800	-900	-2,500	-2,200	700	-1,300	400	700	-100	100	-1,600	1,300	-800	600	-1,500	400	-900	800
Change Receivables	0	0	-5,965	-18,455	-27,564	75,136	-19,418	-24,700	-208	19,193	-19,993	-3,495	2,593	-14,921	-11,139	2,182	11,850	-907	-1,543	10,937	21,905	-9,702	-43,195	28,219	44,600	-82,233	-20,871	-1,285	32,229	-4,544	-42,219	-1,025	27,430	-25,993	-5,387	0	51,046	-35,009	-16,952	0	-11,311	0	0	0	5,035	0	0	0	-2,031	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	29,834	17,932	-5,965	-18,455	-27,564	75,136	-19,418	-24,700	-208	19,193	-19,993	-3,495	2,593	-14,921	-11,139	2,182	5,420	4	-1,444	12,827	16,269	643	-43,609	24,830	3,194	-39,538	-16,603	-2,238	24,551	-20,065	-16,712	-1,025	27,430	-25,993	-5,387	0	51,046	-35,009	-16,952	0	-11,311	0	0	0	5,035	0	0	0	-2,031	0	0	0	-14,535	0	0	0	-287	0	0	0	8,551	0	0	0	3,198	0	0	0	4,216	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27,824	0	2,100	21,700	0	-3,400	-6,900	-3,500	0	-5,700	-3,200	6,400	0	6,600	5,800	0	0	-5,600	-8,100	0	0	0	0	0	0	-3,900	-4,400	-2,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	-9,637	-7,973	357	-5,338	-13,119	-15,693	3,778	-23,900	-32,386	-13,013	-8,198	-1,323	-7,254	-1,401	-6,618	4,954	5,118	7,625	6,321	4,073	10,753	-4,479	4,101	-27,321	-18,538	-10,839	-2,325	-5,386	-371	-1,184	9,318	2,646	1,906	-163	-11,200	0	-5,195	-1,405	-5,150	0	666	0	0	0	1,872	0	0	0	-5,743	0	0	0	-7,699	419	403	539	5,140	544	1,432	1,057	-959	513	1,036	223	124	0	0	0	0	0	0	0	1,048	0	0	0	0	0	0	0	5,833	0	0	0	5,010	0	0	0	16,300	0	-700	-6,800	0	-4,200	-2,100	-1,600	0	-800	1,600	-1,400	0	-1,500	-600	0	0	-1,600	1,400	0	0	0	0	0	0	-3,600	100	-1,100	0	0	0	0	100	-100	-800	-500	-200	-300	0	0	0	0	300	-400	400	-200	0	-100	200	0
Change To Liabilities	0	-6,308	-32,322	11,590	15,487	-28,766	-9,833	7,447	11,481	-39,089	35,877	21,079	-16,173	-7,070	-7,594	30,718	37,406	-3,347	-8,019	-4,204	-15,764	-22,127	9,110	1,445	60,916	18,043	10,515	9,686	-4,409	-1,040	14,899	-670	-14,980	-83	13,317	0	9,296	12,489	10,516	0	16,789	0	0	0	628	0	0	0	3,198	0	0	0	10,134	0	0	0	0	0	0	0	2,405	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	15,495	0	0	0	1,630	0	0	0	0	0	0	0	0	0	0	0	9,266	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	12,869	9,064	5,923	633	9,455	6,079	11,201	5,772	11,033	12,751	13,256	5,327	10,281	29,741	11,114	-81,650	8,868	10,536	10,116	9,244	11,641	8,027	11,261	12,098	3,174	10,005	8,064	3,409	5,545	3,492	4,490	4,116	-74,625	-1,984	1,972	3,780	-1,896	901	1,465	3,771	353	955	520	3,111	432	-16	203	1,752	604	242	1,000	9,567	0	0	0	0	0	0	0	0	0	0	0	8,554	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,623	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-345	-4,194	-4,194	49,576	-3,478	-37,657	-25,464	4,824	10,019	227	-27,140	11,849	14,467	-8,970	1,835	10,823	6,060	-4,967	-8,956	-7,433	25,841	-17,399	-11,217	8,675	23,578	-11,408	-13,060	4,170	1,118	-10,385	0	-1,961	0	0	0	4,684	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,895	5,123	4,934	4,928	4,977	4,868	4,819	4,957	4,869	5,051	5,177	5,186	6,599	6,160	6,725	7,019	6,981	5,844	6,131	5,944	5,768	5,369	5,213	5,199	4,641	4,322	4,073	3,955	3,937	3,693	3,637	3,802	3,692	3,427	3,560	3,439	3,339	3,247	2,975	2,906	2,833	2,752	2,728	2,789	2,757	2,835	2,672	2,594	2,493	2,464	2,424	2,375	608	3,366	3,035	2,800	1,311	2,647	2,691	2,931	2,591	2,959	2,949	2,876	2,864	2,844	2,838	2,812	2,965	2,966	2,926	2,810	2,686	3,332	2,871	2,536	2,542	2,409	2,453	2,566	2,632	2,473	2,637	2,420	2,371	2,415	2,510	2,228	3,265	3,481	3,429	3,369	3,104	3,057	3,419	2,413	2,300	2,600	2,100	2,300	2,100	2,200	2,200	2,200	1,500	1,500	1,400	1,400	1,400	1,300	1,200	1,200	1,000	900	700	600	600	400	400	400	400	300	300	300	200	300	200	200	200	200	200	100	100	200	100	100	100	100
Dividends Paid	-12,870	12,049	12,069	12,091	12,084	11,264	11,270	11,303	11,463	10,608	10,597	10,595	361,954	9,582	9,469	9,503	9,442	8,536	8,582	8,564	8,582	7,759	7,737	7,787	7,801	7,372	7,367	6,497	6,452	6,426	6,385	5,950	5,925	6,027	6,100	0	18,062	0	0	0	0	0	0	0	52,507	4,721	4,714	4,271	4,217	3,801	3,780	3,316	3,267	2,382	2,382	1,983	1,983	1,983	1,983	5,948	5,939	6,129	3,555	3,658	3,683	3,681	3,756	3,778	3,791	3,806	3,676	3,785	3,787	3,768	3,707	3,698	3,686	3,680	2,700	2,676	2,630	2,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	202,655	395,501	177,485	164,171	181,374	266,004	177,046	165,769	186,161	203,479	217,037	242,688	269,073	298,356	286,021	239,197	171,431	121,701	89,104	105,296	108,212	107,371	129,202	109,572	106,582	111,349	68,266	92,428	79,641	61,145	54,929	79,914	51,975	79,563	61,691	36,047	55,694	38,179	40,172	42,463	40,644	30,446	47,874	42,757	45,160	54,158	205,992	41,559	38,103	30,175	42,676	37,014	33,203	38,213	37,942	114,664	119,831	127,162	125,454	123,020	127,138	125,094	131,363	139,464	104,144	107,343	78,765	91,666	87,361	89,550	79,050	81,880	72,856	92,025	64,759	55,062	54,270	65,105	70,753	105,982	76,227	58,991	51,442	50,969	60,864	47,108	34,083	31,119	31,660	48,013	47,612	42,935	42,925	49,855	46,031	52,746	48,700	36,000	600	33,300	3,400	3,700	-16,100	36,800	-300	-6,200	-10,900	55,700	4,000	300	-3,700	41,000	1,100	1,400	1,100	57,100	30,300	-100	300	22,600	200	200	1,100	14,400	500	-2,000	-300	13,800	800	1,900	300	4,200	800	700	400	7,100	600	5,400
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	844	-1,132	-292	143	863	-1,837	-1,230	1,111	6,996	-803	1,097	1,004	-3,647	-217	-876	1,388	-1,698	-1,531	433	-1,872	-2,474	399	-71	195	208	1,101	631	-1,383	-77	-1,252	-9,691	951	-1,093	-2,100	535	1,698	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,476	35,168	25,149	22,046	62,195	79,168	37,444	44,932	50,443	59,992	91,972	96,203	79,476	77,586	9,967	62,068	59,684	60,615	54,998	56,183	62,023	73,395	9,425	41,516	75,559	41,562	36,828	41,620	73,098	52,203	18,621	25,343	39,094	61,921	-6,827	-4,528	81,127	27,542	11,591	14,776	28,992	18,418	17,783	16,882	24,065	32,320	24,501	10,367	21,449	12,371	25,248	19,206	27,050	24,395	10,416	8,630	10,907	2,094	-4,961	-1,223	18,426	10,011	12,507	11,981	11,148	17,262	10,427	5,001	4,953	14,742	11,231	13,329	11,183	14,573	6,134	7,052	11,948	23,527	11,451	13,130	10,076	8,917	5,226	4,283	8,699	47,219	-39,786	-1,913	-121	5,761	4,483	6,292	16,057	21,948	17,057	13,607	15,500	13,200	10,400	12,900	9,200	6,200	3,700	3,400	22,800	13,100	-1,000	6,700	7,600	12,600	3,400	17,300	4,300	7,700	-4,000	3,300	6,200	2,400	900	-3,600	2,800	2,400	300	-100	1,000	100	1,900	2,700	2,600	2,500	800	3,500	600	2,400	-100	1,500	500	1,700
Investments	-179,495	200,274	21,982	-281	-117,853	51,266	13,029	73,821	53,200	-49,355	-102,570	-138,359	215,940	-104,427	7,629	62,596	132,754	-23,713	-12,697	-65,024	11,461	-75,747	68,590	26,229	-64,960	37,525	-3,012	-21,945	-24,870	-41,029	-32,437	3,718	-59,120	-56,023	56,541	-26,607	-38,577	-32,120	-5,485	-6,981	-2,029	-34,338	-9,877	-28,446	17,294	-180,118	153,381	-19,533	-11,658	-17,188	-29,188	-24,174	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	11,229	18,916	57,474	25,615	55,311	33,980	58,901	67,333	53,535	78,900	77,598	69,848	69,345	87,506	-1,142	20,477	80,327	41,685	48,749	33,104	45,418	80,436	56,196	37,217	-26,897	102,348	56,072	45,655	38,253	53,675	43,014	14,885	18,854	25,822	43,714	20,502	26,631	50,400	25,948	18,506	20,443	20,727	16,820	15,583	16,244	17,805	19,767	14,282	19,099	18,037	19,097	13,636	19,764	18,145	14,927	8,545	459	4,501	-6,419	-3,410	1,814	11,333	5,653	8,475	11,094	7,343	3,827	4,635	9,505	10,116	11,434	8,800	11,750	10,858	7,800	5,294	6,644	11,655	10,878	8,567	5,714	5,138	3,306	1,793	424	781	-4,712	-2,520	-20,335	2,292	2,155	4,761	15,987	19,391	17,358	15,412	12,100	9,000	6,200	3,100	2,200	900	6,600	10,500	13,700	10,900	9,400	6,500	6,200	3,200	10,200	10,800	10,500	-600	7,200	5,900	4,900	4,300	3,700	3,200	3,300	3,100	2,600	2,100	800	1,600	1,500	2,200	2,600	2,600	2,300	2,000	1,800	1,800	1,600	1,300	1,100	1,200
Other Cashflows From Financing Activities	8	621	5,710	-5,788	-4,225	189	820	3,594	4,191	14,694	9,663	34,744	-91,390	43,155	37,225	9,971	-31,780	5,363	12,071	-70,102	901	11,071	2,688	11,123	9,807	7,774	5,911	29,139	20,377	14,391	-3,795	1,481	-27,413	6,562	11,345	3,694	-14,958	10,322	4,391	2,165	-24,916	13,559	-3,420	1,376	338	287	131	2,838	421	-8,801	12,847	880	1,860	157	-113	-46	-5	-208	-172	-87	-10	41	1,178	462	38	22	56	125	1,310	3	-698	798	-11,690	-1,781	6,200	-5,223	3,699	-27,934	-2,714	-2,544	6,570	-2,607	-8,645	-16,201	5,510	-26,425	1,290	-991	-4,637	-4,999	-3,146	-11,043	-25,562	-20,052	-31,598	-22,202	-9,000	-13,800	-14,100	-10,500	-2,900	100	-25,500	-7,500	-27,100	-24,400	-13,700	-3,000	-7,500	-8,600	-10,700	-2,600	-6,400	-11,000	-16,400	-25,000	900	-6,400	-3,100	-7,100	300	-700	-100	-300	100	-2,500	-100	100	-1,400	-13,500	4,300	6,700	100	-100	100	-100	-100	5,400
Other Cashflows From Investing Activities	0	0	0	0	-5,050	0	0	0	0	0	0	0	1,004	0	0	62,596	-166,911	-101,434	-77,721	-65,024	-4,265	0	0	0	-291	1,401	-25,343	-467	-11,802	-2,483	-113	0	-108	103,473	-10,475	0	104,388	0	0	0	-3,750	0	0	0	0	0	0	0	0	0	0	0	315	315	315	315	0	0	0	0	2,797	2,797	250	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,860	1,037	1,147	1,488	1,979	4,252	46,577	1,817	1,904	1,761	2,298	1,294	3,138	254	29,956	-1,584	-791	-1,053	859	-2,486	66	-33	-21	-408	-89	-7	167	-254	-678	-521	-262	-125	-740	140	-18	174	205	267	283	395	762	338	1,095	727	464	17,805	19,767	14,282	815	18,037	19,558	582	694	419	516	502	1,962	752	1,604	2,144	-4,975	4,888	5,368	-239	-1,302	5,329	2,121	-6,109	1,280	3,655	7,259	-781	55	39	79	191	2,837	11	4,106	3,388	1,291	6,325	-120	920	3,594	83	5,746	918	1,137	746	-427	91	10,435	2,332	3,500	6,500	300	2,300	3,000	100	3,400	7,500	-1,700	-7,100	10,300	2,800	-8,300	1,300	1,700	10,900	-5,900	7,300	-5,100	8,600	-5,500	-2,400	-300	200	0	900	400	400	400	0	200	100	-100	-100	300	-100	-100	100	-200	0	0	0	300	-300
Sale Purchase Of Stock	-20,154	-10,477	-24,985	-24,178	-25,927	-24,070	-23,912	-130,405	-113,358	-27,417	-14,398	-6,479	2,801	-51,036	38,264	-51,036	32,801	5,363	-61,690	14,346	-61,560	-20,954	-52,106	-69,202	-24,368	-37,004	-32,276	-30,067	-28,208	-10,223	-3,400	3,400	142	-90,503	-35,848	9,700	-24,533	-8,136	-12,717	-14,287	-19,849	-16,168	-4,817	9,168	1,889	1,650	800	13,100	30,863	-3,000	11,300	9,500	28,384	6,900	300	0	146	0	100	0	-24,551	-22,798	-12,932	-32,688	39,482	0	-29,993	-2,670	-5,000	-19,413	-36,856	-25,027	0	17,000	1,700	2,500	0	2,000	20,100	20,400	0	12,700	3,300	0	0	-23,800	0	0	4,637	0	1,600	800	0	900	5,000	11,100	0	3,100	3,500	2,000	-1,600	-12,800	-24,200	0	0	2,600	900	0	0	0	0	0	0	1,400	1,100	800	0	0	0	0	0	-200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	13,250	12,365	12,574	16,579	13,086	13,366	12,997	15,056	10,421	10,614	10,730	12,009	10,585	9,268	8,018	14,790	12,147	10,194	10,967	12,281	9,751	9,143	9,002	13,194	8,587	8,026	7,846	7,483	4,675	4,622	4,457	6,804	4,204	4,387	4,631	6,946	3,900	3,298	3,956	4,004	2,321	2,220	2,781	3,298	1,725	1,492	1,989	3,314	2,239	1,520	1,957	2,352	1,355	1,278	427	-33	4,135	1,444	1,789	1,855	10,231	0	0	1,873	11,715	0	0	2,992	-48	-2	-2,108	2,956	3,412	3,733	170	333	0	297	-3,890	0	0	-3,725	-4,895	0	0	150	0	0	29,988	0	0	0	0	0	0	0	6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-33,032	-21,905	-31,344	-39,324	-32,375	-35,523	-34,362	-138,114	-120,630	-23,331	-15,332	17,670	-327,629	33,573	27,756	-50,568	23,359	-3,173	-58,201	5,782	-69,241	-17,642	-57,155	-65,866	-22,362	-36,602	-33,732	-7,425	-14,283	-2,258	-10,180	-2,510	-5,756	-89,968	-24,503	13,360	-22,561	2,186	-8,326	-6,171	-16,973	-2,609	-3,420	10,544	-50,280	-2,784	-3,758	11,671	-770	-5,584	9,067	7,081	19,653	4,704	-2,220	-1,909	-10,997	-2,191	-2,075	-6,035	-29,692	-28,161	-4,691	-32,983	-3,280	-1,845	-30,154	-5,222	-6,320	-21,363	-39,321	-22,578	-9,510	13,261	-2,030	-1,156	-2,267	-1,727	17,407	17,731	842	10,078	3,307	1,186	-534	-23,756	1,738	1,131	1,483	713	1,619	822	906	886	5,059	11,069	5,300	3,100	3,500	2,000	500	-12,300	-24,200	500	900	2,600	900	600	500	300	1,400	300	1,100	1,400	1,100	800	30,300	0	300	800	200	200	1,100	100	500	-2,000	-300	400	800	1,900	300	100	800	700	400	1,100	600	5,400
Total Cash From Operating Activities	14,491	41,023	29,849	27,553	66,257	83,520	44,112	49,517	55,209	64,131	96,086	98,639	82,950	80,430	13,878	65,142	67,911	65,164	58,889	61,261	71,762	79,076	17,830	54,786	84,269	49,434	42,905	47,715	75,423	57,347	21,731	27,580	44,305	65,413	8,909	-264	92,983	31,279	14,247	17,461	36,220	20,260	20,185	18,790	26,322	34,637	27,318	12,854	23,724	14,291	27,296	20,783	29,595	25,471	11,566	9,711	11,861	3,768	-3,864	518	20,194	10,748	14,305	13,690	12,476	18,008	11,501	6,488	5,946	15,950	12,223	14,360	12,093	15,668	7,181	7,819	13,038	24,296	12,142	13,700	10,968	9,347	5,805	4,844	9,298	2,901	5,518	-1,271	343	6,254	5,584	8,689	18,597	23,025	19,562	15,240	16,600	13,900	11,300	13,600	7,100	10,600	6,600	5,400	25,500	15,200	2,500	9,300	10,900	15,400	5,500	19,300	6,400	8,900	2,400	4,100	7,500	6,300	2,100	3,100	3,300	2,900	800	200	1,400	700	2,100	3,000	3,000	2,800	800	3,500	900	2,600	200	1,800	600	1,800
Total Cashflows From Investing Activities	0	200,274	17,282	-5,788	-126,965	46,914	6,361	69,236	48,434	-53,494	-106,684	-140,795	213,470	-107,271	3,718	59,522	-42,384	-28,262	-16,588	-70,102	-2,543	-81,428	60,185	12,959	-73,670	31,054	-34,432	-28,507	-38,997	-48,656	-34,179	1,481	-64,439	43,958	40,805	-30,871	-50,433	-35,857	-8,141	-9,666	-9,257	-36,180	-12,279	-30,354	15,037	-182,435	150,564	-22,020	-13,933	-19,108	-31,236	-25,751	0	0	0	0	0	4,913	9,340	7,752	64,538	48,947	30,671	46,723	8,700	16,295	7,785	2,236	52,525	55,263	38,806	16,579	0	0	977	0	0	0	0	0	0	0	0	0	39,054	33,544	299	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Cost Of Revenue	236,306	284,185	277,271	206,421	189,754	206,052	168,698	115,590	102,571	121,020	84,080	79,495	77,919	77,588	56,387	68,427	64,484	64,943	62,899	57,371	50,139	39,859	62,345	53,791	35,900	28,600	36,500	33,800	19,300	12,100	9,000	5,600	5,200	3,800	3,600
Depreciation And Amortization	21,880	40,406	-3,799	80,802	24,900	21,549	16,991	15,069	14,118	12,467	11,102	10,858	9,756	9,809	9,580	11,375	11,358	11,667	11,425	9,970	10,162	9,524	13,544	11,993	9,300	8,700	5,800	5,100	3,200	1,800	1,300	900	700	500	400
Discontinued Operations	0	0	0	0	0	0	0	-255	79,410	10,644	0	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	110,648	246,229	315,101	170,529	97,310	186,161	234,725	137,704	101,962	127,462	73,748	79,817	73,837	76,894	-15,488	22,457	19,113	38,092	39,762	46,538	21,222	-10,612	-28,077	79,154	28,200	16,400	51,100	32,800	52,000	20,400	14,700	5,500	11,100	7,500	3,800
Ebitda	132,528	286,635	311,302	251,331	122,210	207,710	251,716	152,773	116,080	139,929	84,850	90,675	83,593	86,703	-5,908	33,832	30,471	49,759	51,187	56,508	31,384	-1,088	-14,533	91,147	37,500	25,100	56,900	37,900	55,200	22,200	16,000	6,400	11,800	8,000	4,200
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
Extraordinary Items	0	0	0	0	0	-11,028	-113,902	-255	79,410	0	0	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	601,241	721,905	759,827	604,599	535,871	600,286	579,252	405,163	347,986	365,250	269,806	244,784	243,995	213,103	119,340	174,253	161,253	173,481	153,976	150,586	99,953	74,248	78,384	196,935	116,200	93,200	118,800	89,000	85,200	50,400	34,400	23,000	26,300	19,800	12,300
Income Before Tax	135,348	250,695	318,900	186,911	162,994	234,574	266,922	168,795	126,962	147,397	87,886	86,630	87,117	76,103	-10,376	35,368	35,085	50,300	48,246	53,160	23,248	-8,204	-15,671	100,218	42,800	27,300	58,300	43,700	37,600	23,300	16,000	8,400	14,000	10,000	5,200
Income Tax Expense	22,114	35,170	39,019	10,725	-40,871	15,307	89,744	18,968	19,298	25,912	14,313	18,532	17,248	14,722	-5,507	4,869	8,186	10,445	12,544	15,416	7,297	-2,177	-4,544	32,070	12,400	7,100	17,800	13,300	14,600	7,200	4,900	2,300	4,500	3,500	1,500
Interest Expense	0	16,319	27,881	37,917	65,684	0	0	0	0	0	0	0	2,902	1,421	2,185	7,101	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	19,180	13,651	7,941	7,140	4,796	0	0	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
Net Income	113,234	215,525	279,881	176,186	203,865	219,267	177,178	149,572	187,074	121,485	73,573	68,098	69,869	61,381	-4,869	27,275	26,899	39,855	35,702	37,744	15,951	-6,027	-11,127	68,148	30,400	20,200	40,500	30,400	23,000	16,100	11,100	6,100	9,500	6,500	3,700
Net Income Applicable To Common Shares	0	215,525	279,881	176,186	203,865	219,267	177,178	149,572	187,074	121,485	73,573	68,098	69,869	61,381	0	30,499	26,899	39,855	35,702	37,744	15,951	0	0	68,148	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	157,316	215,525	279,881	176,186	122,123	219,267	356,666	187,763	146,260	121,485	73,573	68,098	69,869	61,381	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	0	0	0	0	0	0	0	0	0	0	0	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	4,466	3,799	16,382	20,392	13,432	7,603	8,011	5,441	3,734	1,518	3,223	1,762	390	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	1,657	0	35,495	0	0	0	0	0	0	0	0	0	75	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	130,702	246,229	315,101	170,529	97,310	221,142	259,319	160,784	121,521	143,663	86,368	83,407	85,355	75,713	-12,668	25,104	27,099	44,196	44,004	46,849	19,510	-9,408	-27,340	89,686	35,500	21,800	54,700	38,200	44,800	21,900	14,700	6,900	12,500	8,800	4,500
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
Other Operating Expenses	714,845	737,425	721,997	604,996	583,023	585,196	488,631	359,969	329,036	342,607	267,518	240,872	236,559	214,903	183,869	217,318	198,638	194,228	172,871	155,108	130,582	123,515	168,069	161,040	116,600	100,000	100,600	84,600	59,700	40,600	28,700	21,700	19,000	14,800	11,400
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
Reconciled Depreciation	19,962	19,621	20,283	26,503	24,900	21,549	16,991	0	0	0	0	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	139,400	141,133	135,372	130,982	119,427	116,445	99,205	78,269	69,791	59,920	48,087	41,549	40,946	33,080	31,132	36,262	34,335	32,607	27,640	27,063	24,719	25,630	30,094	33,341	27,700	24,700	22,500	19,400	13,200	9,900	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	324,718	312,107	309,354	267,593	273,842	262,699	220,728	166,110	156,674	161,667	135,351	119,828	117,694	104,235	96,350	112,629	99,819	96,678	82,332	70,674	55,724	58,026	61,590	61,915	43,700	38,000	35,800	26,300	24,000	16,800	18,400	15,200	13,100	10,500	7,400
Tax Provision	22,909	35,170	39,019	10,725	-40,871	15,307	89,744	18,968	19,298	0	0	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	478,539	453,240	444,726	398,575	393,269	379,144	319,933	244,379	226,465	221,587	183,438	161,377	158,640	137,315	127,482	148,891	134,154	129,285	109,972	97,737	80,443	83,656	105,724	107,249	80,700	71,400	64,100	50,800	40,400	28,500	19,700	16,100	13,800	11,000	7,800
Total Other Income Expense Net	12,646	4,466	3,799	16,382	65,684	13,432	7,603	8,011	5,441	3,734	1,518	3,223	1,762	-1,106	-2,234	2,905	7,986	6,104	4,242	6,311	-1,712	1,204	737	10,532	7,300	5,400	3,600	5,400	-7,200	1,500	1,300	1,400	1,400	1,300	700
Total Revenue	837,547	1,006,090	1,037,098	811,020	725,625	806,338	747,950	520,753	450,557	486,270	353,886	324,279	321,914	290,691	175,727	242,680	225,737	238,424	216,875	207,957	150,092	114,107	140,729	250,726	152,100	121,800	155,300	122,800	104,500	62,500	43,400	28,600	31,500	23,600	15,900

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31
Cost Of Revenue	61,626	54,467	62,829	57,384	69,869	57,383	78,143	78,790	69,082	85,712	68,432	54,045	55,160	59,741	50,320	41,200	44,871	47,632	50,967	46,284	52,825	58,860	54,169	40,198	40,642	62,360	37,471	28,225	26,660	32,749	35,213	20,968	23,400	26,319	30,508	27,954	29,819	44,327	25,790	21,084	22,159	21,348	21,150	19,423	20,382	19,506	20,549	19,058	21,204	18,953	19,379	18,383	24,017	18,913	18,717	15,941	15,909	12,038	14,976	13,464	14,939	17,408	19,025	17,074	17,464	14,618	17,981	14,421	16,193	15,447	16,593	16,710	17,289	15,755	16,065	13,790	11,791	14,886	15,905	14,789	13,234	13,190	11,999	11,716	11,001	11,065	9,228	8,565	26,232	11,070	12,251	12,792	14,001	14,900	13,294	11,505	11,300	9,300	8,800	6,500	6,500	6,100	7,300	8,700	11,700	10,000	8,500	6,300	6,400	11,000	8,400	8,000	5,800	5,600	4,500	3,400	3,300	3,400	2,900	2,400	2,400	2,200	2,100	2,000	2,000	1,200	1,100	1,400	1,400	1,400	1,200	1,100	1,100	1,000	900	900	600	1,100	900	-
Depreciation And Amortization	6,895	5,123	4,934	947	-610	6,460	4,819	1	4,869	5,051	5,177	5,186	6,599	6,160	6,725	7,019	6,981	5,844	6,131	5,944	5,768	5,369	5,213	5,199	4,641	4,322	4,073	3,955	3,937	3,693	3,637	3,802	3,692	3,427	3,560	3,439	3,339	3,247	2,975	2,906	2,833	2,752	2,728	2,789	2,757	2,835	2,672	2,594	2,493	2,464	2,424	2,375	608	3,366	3,035	2,800	1,311	2,647	2,691	2,931	2,591	2,959	2,949	2,876	2,864	2,844	2,838	2,812	2,965	2,966	2,926	2,810	2,686	3,332	2,871	2,536	2,542	2,409	2,453	2,566	2,632	2,473	2,637	2,420	2,371	2,415	2,510	2,228	3,265	3,481	3,429	3,369	3,104	3,057	3,419	2,413	2,300	2,600	2,100	2,300	2,100	2,200	2,200	2,200	1,500	1,500	1,400	1,400	1,400	1,300	1,200	1,200	1,000	900	700	600	600	400	400	400	400	300	300	300	200	300	200	200	200	200	200	100	100	200	100	100	100	100	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	-1,530	1,530	-255	0	79,410	0	0	0	10,644	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,838	23,822	52,751	22,161	54,337	40,023	93,943	86,728	50,224	88,799	91,497	77,907	58,018	86,303	61,117	18,725	5,312	39,273	46,393	25,490	35,977	69,046	60,091	26,014	45,571	107,899	57,584	35,677	33,346	53,088	47,898	15,307	12,855	27,684	50,860	19,533	26,725	57,936	30,017	21,766	21,978	20,298	19,323	14,620	19,215	21,520	19,006	17,404	24,326	21,859	23,283	17,027	24,323	21,892	19,175	8,704	3,764	1,064	-403	-8,148	2,487	5,830	9,587	4,368	8,750	4,886	2,533	2,944	7,838	9,911	11,130	9,213	13,389	13,180	9,177	4,016	9,577	15,334	13,358	8,269	12,450	3,534	3,960	24	1,456	-4,020	675	-8,723	-23,839	-2,609	-2,661	1,032	17,824	22,674	20,069	20,408	12,600	8,700	6,200	700	-1,200	1,500	5,100	11,100	15,600	18,300	10,800	6,300	5,300	1,500	12,300	13,600	13,000	23,100	8,900	7,000	6,400	5,600	4,700	3,800	4,300	4,100	3,100	2,100	100	1,500	1,500	1,300	2,900	3,000	2,800	2,500	2,300	2,200	1,700	1,400	1,400	1,100	700	-
Ebitda	12,733	28,945	57,685	23,108	53,727	46,483	98,762	86,729	55,093	93,850	96,674	83,093	64,617	92,463	67,842	25,744	12,293	45,117	52,524	31,434	41,745	74,415	65,304	31,213	50,212	112,221	61,657	39,632	37,283	56,781	51,535	19,109	16,547	31,111	54,420	22,972	30,064	61,183	32,992	24,672	24,811	23,050	22,051	17,409	21,972	24,355	21,678	19,998	26,819	24,323	25,707	19,402	24,931	25,258	22,210	11,504	5,075	3,711	2,288	-5,217	5,078	8,789	12,536	7,244	11,614	7,730	5,371	5,756	10,803	12,877	14,056	12,023	16,075	16,512	12,048	6,552	12,119	17,743	15,811	10,835	15,082	6,007	6,597	2,444	3,827	-1,605	3,185	-6,495	-20,574	872	768	4,401	20,928	25,731	23,488	22,821	14,900	11,300	8,300	3,000	900	3,700	7,300	13,300	17,100	19,800	12,200	7,700	6,700	2,800	13,500	14,800	14,000	24,000	9,600	7,600	7,000	6,000	5,100	4,200	4,700	4,400	3,400	2,400	300	1,800	1,700	1,500	3,100	3,200	3,000	2,600	2,400	2,400	1,800	1,500	1,500	1,200	800	3,300
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-11,028	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	135,044	142,774	179,683	143,740	169,564	152,239	196,485	203,617	174,983	199,136	200,726	184,982	168,455	191,332	118,777	126,035	124,898	135,693	148,080	127,200	140,461	173,361	157,095	129,369	139,723	197,379	135,433	106,717	102,662	115,203	112,061	75,237	74,368	81,268	113,321	85,480	87,364	125,029	83,012	69,845	73,537	69,440	65,360	61,469	61,786	60,570	63,777	58,651	62,838	61,132	64,014	56,011	60,903	56,080	53,094	43,026	35,385	29,140	25,992	28,823	36,883	45,848	48,064	43,443	47,857	40,127	36,761	36,508	42,112	42,558	46,481	42,330	43,529	42,501	38,538	29,408	38,118	40,526	38,562	33,380	28,644	25,514	24,623	21,172	22,828	20,762	17,443	13,215	-1,062	22,904	25,128	31,414	52,083	53,060	48,893	42,990	37,000	31,700	26,500	21,000	18,500	18,600	24,700	31,400	35,200	33,900	27,800	21,800	20,000	15,500	26,500	26,900	25,800	24,200	19,200	16,000	14,800	13,200	12,100	10,400	9,900	9,600	8,300	6,800	5,100	5,800	5,700	5,700	7,100	7,100	6,500	5,700	5,400	5,300	4,800	4,300	4,100	3,200	2,700	3,300
Income Before Tax	14,354	27,002	67,777	26,215	59,231	39,345	64,415	87,704	57,947	88,584	93,538	78,831	64,920	101,309	-2,312	22,994	22,921	47,367	56,975	35,731	48,749	81,273	66,573	37,979	54,004	112,150	61,323	39,445	43,191	56,342	51,674	17,588	21,749	29,263	52,641	24,862	32,076	61,122	31,352	22,847	24,859	23,708	20,766	18,553	21,444	22,086	25,022	18,078	21,688	22,919	24,801	17,709	22,988	22,632	19,385	11,098	469	1,142	-7,829	-4,158	1,906	10,144	11,865	11,268	13,704	9,354	5,763	6,264	11,748	12,383	14,114	12,055	15,609	14,672	10,541	7,154	9,357	16,416	15,320	12,067	8,294	7,480	4,862	2,612	1,416	1,232	-7,251	-3,601	-29,211	3,369	3,169	7,002	23,510	28,516	25,527	22,665	17,400	12,500	8,700	4,200	2,600	700	9,200	14,800	19,700	15,700	13,500	9,300	8,900	4,200	15,000	15,600	15,200	3,900	10,200	8,400	7,100	6,200	5,400	4,600	4,800	4,500	3,700	2,900	900	2,100	2,200	3,100	3,800	3,700	3,300	3,100	2,800	2,800	2,400	2,000	1,900	1,600	1,000	-
Income Tax Expense	3,125	8,086	10,303	600	3,920	5,365	5,514	20,371	4,412	9,684	15,940	8,983	-4,425	13,803	-1,170	2,517	-57,406	5,682	8,226	2,627	3,331	837	10,377	762	80,901	9,802	5,251	-6,210	4,938	2,667	8,660	2,703	2,895	3,441	9,125	4,360	5,445	10,722	5,404	4,341	4,416	2,981	3,946	2,970	5,200	4,281	5,255	3,796	2,589	4,882	5,704	4,073	3,224	4,487	4,458	2,553	10	-3,359	-1,410	-748	92	-1,189	3,103	2,793	2,610	2,011	1,936	1,629	2,243	2,267	2,680	3,255	4,129	3,814	2,741	1,860	2,713	4,761	4,442	3,500	2,580	2,342	1,556	819	992	451	-2,539	-1,081	-8,876	1,077	1,014	2,241	7,523	9,125	8,169	7,253	5,300	3,500	2,500	1,100	400	-300	2,700	4,300	6,000	4,800	4,100	2,800	2,700	1,000	4,900	4,800	4,700	4,500	3,000	2,500	2,200	1,900	1,700	1,400	1,500	1,400	1,100	800	100	600	600	900	1,200	1,200	1,000	1,100	1,000	1,000	800	700	800	300	200	-
Interest Expense	0	0	0	-4,054	10,481	2,270	29,528	5,932	0	0	0	0	0	0	3,627	2,226	0	3,819	0	0	0	0	3,400	3,100	0	2,300	2,000	1,700	0	1,400	1,800	1,000	0	800	900	1,500	0	1,600	700	700	0	500	0	0	0	0	1,800	300	0	700	900	500	0	500	300	100	0	400	200	500	0	2,200	1,100	3,100	0	0	1,700	1,800	0	1,200	1,500	1,400	0	700	700	1,600	0	500	1,000	1,900	0	2,000	500	0	0	2,700	0	0	0	0	2,800	2,700	0	2,600	2,500	1,800	0	1,700	1,500	1,600	0	1,600	1,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,341	0	5,363	4,657	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Income	11,229	18,916	57,474	25,615	55,311	33,980	58,901	67,333	53,535	78,900	77,598	69,848	69,345	87,506	-1,142	20,477	80,327	41,685	48,749	33,104	45,418	80,436	56,196	37,217	-26,897	102,348	56,072	45,655	38,253	53,675	42,759	14,885	18,746	104,112	43,714	20,502	26,631	50,400	25,948	18,506	20,443	20,727	16,820	15,583	16,244	17,805	19,767	14,282	19,099	18,037	19,097	13,636	19,764	18,145	14,927	8,545	459	4,501	-6,419	-3,410	1,814	11,333	5,653	8,475	11,094	7,343	3,827	4,635	9,505	10,116	11,434	8,800	11,750	10,858	7,800	5,294	6,644	11,655	10,878	8,567	5,714	5,138	3,306	1,793	424	781	-4,712	-2,520	-20,335	2,292	2,155	4,761	15,987	19,391	17,358	15,412	12,100	9,000	6,200	3,100	2,200	1,000	6,500	10,500	13,700	10,900	9,400	6,500	6,200	3,200	10,100	10,800	10,500	-600	7,200	5,900	4,900	4,300	3,700	3,200	3,300	3,100	2,600	2,100	800	1,500	1,600	2,200	2,600	2,500	2,300	2,000	1,800	1,800	1,600	1,300	1,100	1,300	800	-
Net Income Applicable To Common Shares	0	18,916	57,474	25,615	55,311	33,980	58,901	67,333	53,535	78,900	77,598	69,848	69,345	87,506	-1,142	20,477	80,327	41,685	48,749	33,104	45,418	80,436	56,196	37,217	-26,897	102,348	56,072	45,655	38,253	53,675	42,759	14,885	18,746	104,112	43,714	20,502	26,631	50,400	25,948	18,506	20,443	20,727	16,820	15,583	16,244	17,805	19,767	14,282	19,099	18,037	19,097	13,636	19,764	18,145	14,927	8,545	459	4,501	0	0	1,814	11,333	8,762	8,590	11,348	7,572	3,940	4,687	9,505	10,116	11,434	8,800	11,750	10,858	7,800	5,294	6,644	11,655	10,878	8,567	5,714	5,138	3,306	1,793	424	781	0	0	-2,292	2,292	2,155	4,761	15,987	19,391	17,358	15,412	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	11,229	18,916	57,474	25,615	55,311	33,980	58,901	67,333	53,535	78,900	77,598	69,848	69,345	87,506	-1,142	20,477	-1,415	41,685	48,749	33,104	45,418	80,436	56,196	37,217	152,591	102,348	56,072	45,655	76,189	53,675	43,014	14,885	56,420	25,822	43,516	20,502	26,631	50,400	25,948	18,506	20,443	20,727	16,820	15,583	16,244	17,805	19,767	14,282	19,099	18,037	19,097	13,636	0	18,145	14,927	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,602	4,054	4,894	-678	-726	976	1,427	1,037	957	378	5,835	4,674	3,830	2,043	5,314	4,275	5,219	5,584	3,502	3,429	3,118	3,383	1,896	1,903	1,785	2,019	2,954	1,814	1,999	1,244	-75,435	79,068	863	945	1,006	1,694	630	404	24	329	593	572	931	283	1,672	337	132	530	759	341	0	357	144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,657	0	0	0	0	0	0	0	875	251	34,369	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-13	39	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	12,729	30,637	65,175	22,161	54,337	40,023	93,943	86,728	56,520	87,547	92,581	78,453	59,085	96,635	-6,142	20,951	17,607	43,092	51,756	30,147	45,247	77,844	63,455	34,596	52,108	110,247	59,538	37,426	40,237	54,528	49,675	16,344	19,148	28,485	51,778	23,917	31,070	59,428	30,722	22,443	24,835	23,379	20,173	17,981	20,513	21,803	23,350	17,741	21,556	22,389	24,042	17,368	22,945	22,275	19,241	11,252	756	880	-7,854	-6,450	-1,612	7,987	10,726	7,818	11,227	7,120	4,148	4,604	9,793	11,147	12,622	10,634	14,634	13,926	9,859	5,585	6,467	15,875	14,339	10,168	7,647	5,507	4,411	1,318	1,436	-1,394	-3,288	-6,162	-31,991	380	254	4,017	20,667	25,595	22,798	20,626	15,000	10,600	7,500	2,400	600	1,100	7,100	13,000	17,600	17,000	12,200	7,800	7,000	2,800	13,600	14,600	14,100	13,500	9,600	7,600	6,800	5,900	5,000	4,200	4,600	4,100	3,400	2,500	400	1,800	1,900	2,100	3,300	3,400	3,100	2,800	2,600	2,500	2,000	1,700	1,700	1,300	800	3,300
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Operating Expenses	186,691	169,354	179,837	178,963	182,954	166,708	195,355	197,645	187,545	196,094	176,577	160,574	162,068	154,187	139,796	146,284	152,162	140,233	147,291	143,337	148,039	154,377	147,809	134,971	128,257	149,492	113,366	97,516	89,085	93,424	97,599	79,861	78,620	79,102	92,051	89,517	86,113	109,928	78,080	68,486	70,861	67,409	66,337	62,911	61,655	58,273	60,976	59,968	62,486	57,696	59,351	57,026	61,975	52,731	52,531	47,666	50,270	40,075	45,084	48,440	53,176	55,269	56,363	52,699	54,094	47,625	50,594	46,325	48,512	46,858	50,452	48,406	46,184	44,330	44,744	37,613	37,442	39,537	40,128	38,001	34,231	33,197	32,211	31,570	32,393	33,221	29,959	27,942	57,161	33,594	37,125	40,189	45,417	42,365	39,389	33,869	33,300	30,400	27,800	25,100	24,400	23,600	24,900	27,100	29,300	26,900	24,100	20,300	19,400	23,700	21,300	20,300	17,500	16,300	14,100	11,800	11,300	10,700	10,000	8,600	7,700	7,700	7,000	6,300	6,700	5,200	4,900	5,000	5,200	5,100	4,600	4,000	3,900	3,800	3,700	3,500	3,000	3,000	2,800	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Reconciled Depreciation	6,895	5,123	4,934	4,928	4,977	4,868	4,819	4,957	4,869	5,051	5,177	5,186	6,599	6,160	6,725	7,019	6,981	5,844	6,131	5,944	5,768	5,369	5,213	5,199	4,641	4,322	4,073	3,955	3,937	3,693	3,637	3,802	3,692	3,427	3,560	3,439	3,339	3,247	2,975	2,906	2,833	2,752	2,728	2,789	2,757	2,835	2,672	2,594	2,493	2,464	2,424	2,375	608	3,366	3,035	2,800	1,311	2,647	2,691	2,931	2,591	2,959	2,949	2,876	2,864	2,844	2,838	2,812	2,965	2,966	2,926	2,810	2,686	3,332	2,871	2,536	2,542	2,409	2,453	2,566	2,632	2,473	2,637	2,420	2,371	2,415	2,510	2,228	3,265	3,481	3,429	3,369	3,104	3,057	3,419	2,413	2,300	2,600	2,100	2,300	2,100	2,200	2,200	2,200	1,500	1,500	1,400	1,400	1,400	1,300	1,200	1,200	1,000	900	700	600	600	400	400	400	400	300	300	300	200	300	200	200	200	200	200	100	100	200	100	100	100	100	100	-
Research Development	34,693	32,580	33,585	38,542	37,134	33,954	33,991	36,054	35,489	34,476	31,302	34,105	34,399	30,240	30,397	35,946	32,991	28,115	28,079	30,242	28,781	29,700	26,888	31,076	26,980	26,078	23,377	22,770	19,440	18,603	19,671	20,555	17,526	16,977	18,302	18,076	15,254	18,542	13,622	12,502	12,695	12,184	11,887	11,321	10,886	10,002	10,300	10,361	10,350	10,608	10,506	9,482	8,940	7,961	8,076	8,103	7,837	6,756	7,704	8,835	8,970	9,073	9,290	9,097	9,681	8,704	8,019	7,931	8,111	7,997	8,582	7,917	6,916	7,224	7,185	6,315	6,958	6,552	6,655	6,898	6,227	6,246	6,263	5,983	6,066	6,714	6,498	6,352	6,674	7,583	7,655	8,182	9,710	8,265	8,083	7,312	7,000	7,600	6,600	6,500	6,000	6,400	6,000	6,300	6,300	5,700	5,300	5,200	4,900	5,000	4,800	4,800	3,900	3,500	3,100	2,700	2,400	2,600	2,500	2,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Selling And Marketing Expenses	0	0	0	0	4,275	4,275	0	0	0	455	0	0	824	125	949	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	90,372	82,307	83,423	83,037	245,668	79,646	83,221	82,801	82,974	75,451	76,843	72,424	122,191	64,061	58,130	69,138	74,300	64,486	68,245	66,811	66,433	65,817	66,800	63,700	60,635	61,100	52,500	46,500	42,985	42,100	42,700	38,300	37,694	35,800	43,200	39,900	41,040	43,800	35,500	31,800	36,007	33,900	33,300	32,167	30,387	28,765	30,100	30,500	30,932	28,100	29,500	29,200	29,018	25,900	25,700	23,600	26,524	21,300	22,400	25,100	29,267	28,800	28,000	26,500	26,949	24,303	24,600	24,000	24,208	23,400	25,300	23,800	21,979	21,400	21,500	17,500	18,693	18,100	17,600	16,300	14,770	13,800	13,900	13,871	15,326	15,600	14,233	13,025	12,543	14,168	16,400	18,400	18,602	16,100	14,600	12,600	12,700	10,900	10,700	9,800	9,800	8,900	9,400	9,900	9,800	9,700	8,900	7,400	6,700	6,400	6,900	6,300	6,800	6,300	5,800	5,100	0	4,300	4,200	3,300	0	4,900	4,600	4,000	0	3,800	3,600	3,400	0	3,500	3,200	2,800	0	2,700	2,700	2,500	0	1,800	1,800	-
Tax Provision	3,125	8,086	10,303	600	3,920	5,365	5,514	20,371	4,412	9,684	15,940	8,983	-4,425	13,803	-1,170	2,517	-57,406	5,682	8,226	2,627	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	125,065	114,887	117,008	121,579	113,085	109,325	117,212	118,855	118,463	110,382	108,145	106,529	106,908	94,446	89,476	105,084	107,291	92,601	96,324	97,053	95,214	95,517	93,640	94,773	87,615	87,132	75,895	69,291	62,425	60,675	62,386	58,893	55,220	52,783	61,543	61,563	56,294	65,601	52,290	47,402	48,702	46,061	45,187	43,488	41,273	38,767	40,427	40,910	41,282	38,743	39,972	38,643	37,958	33,818	33,814	31,725	34,361	28,037	30,108	34,976	38,237	37,861	37,338	35,625	36,630	33,007	32,613	31,904	32,319	31,411	33,859	31,696	28,895	28,575	28,679	23,823	25,651	24,651	24,223	23,212	20,997	20,007	20,212	19,854	21,392	22,156	20,731	19,377	30,929	22,524	24,874	27,397	31,416	27,465	26,095	22,364	22,000	21,100	19,000	18,600	17,900	17,500	17,600	18,400	17,600	16,900	15,600	14,000	13,000	12,700	12,900	12,300	11,700	10,700	9,600	8,400	8,000	7,300	7,100	6,200	5,300	5,500	4,900	4,300	4,700	4,000	3,800	3,600	3,800	3,700	3,400	2,900	2,800	2,800	2,800	2,600	2,400	1,900	1,900	-
Total Other Income Expense Net	4,375	-885	5,102	4,054	4,894	-678	-29,528	976	1,427	-170	957	378	3,373	4,423	-31,613	2,043	5,314	4,275	5,219	5,584	3,502	3,429	3,118	3,383	1,896	1,903	1,785	2,019	2,954	1,814	1,999	1,244	2,601	778	863	945	1,006	1,694	630	404	24	329	593	572	931	283	1,672	337	-2,770	530	759	341	-1,378	370	105	-203	-2,740	39	-3,713	1,995	-3,841	2,157	1,139	3,450	2,477	2,234	1,615	1,660	1,955	1,236	1,492	1,421	1,245	746	682	1,569	2,890	541	981	1,899	-4,803	1,973	451	1,294	-20	2,626	-3,963	2,561	-8,152	2,989	2,915	2,985	2,843	2,921	2,729	218	2,400	1,900	1,300	1,700	1,800	-400	2,000	1,900	2,000	-1,300	1,400	1,500	1,700	1,300	1,300	1,000	1,100	-9,600	700	600	400	300	300	400	300	300	300	400	300	300	400	800	400	400	300	300	300	300	300	300	300	200	100	-
Total Revenue	196,670	197,241	242,512	201,124	239,433	209,622	274,628	282,407	244,065	284,848	269,158	239,027	223,615	251,073	169,097	167,235	169,769	183,325	199,047	173,484	193,286	232,221	211,264	169,567	180,365	259,739	172,904	134,942	129,322	147,952	147,274	96,205	97,768	107,587	143,829	113,434	117,183	169,356	108,802	90,929	95,696	90,788	86,510	80,892	82,168	80,076	84,326	77,709	84,042	80,085	83,393	74,394	84,920	74,993	71,811	58,967	51,294	41,178	40,968	42,287	51,822	63,256	67,089	60,517	65,321	54,745	54,742	50,929	58,305	58,005	63,074	59,040	60,818	58,256	54,603	43,198	49,909	55,412	54,467	48,169	41,878	38,704	36,622	32,888	33,829	31,827	26,671	21,780	25,170	33,974	37,379	44,206	66,084	67,960	62,187	54,495	48,300	41,000	35,300	27,500	25,000	24,700	32,000	40,100	46,900	43,900	36,300	28,100	26,400	26,500	34,900	34,900	31,600	29,800	23,700	19,400	18,100	16,600	15,000	12,800	12,300	11,800	10,400	8,800	7,100	7,000	6,800	7,100	8,500	8,500	7,700	6,800	6,500	6,300	5,700	5,200	4,700	4,300	3,600	3,300

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

Gross Profit (+$)
totalRevenue	837,547
Cost of Revenue	-236,306
Gross Profit	601,241	601,241

Operating Income (+$)
Gross Profit	601,241
Operating Expense	-478,539
Operating Income	130,702	122,702

Operating Expense (+$)
Research Development	139,400
Selling General Administrative	324,718
Selling And Marketing Expenses	0
Operating Expense	478,539	464,118

Net Interest Income (+$)
Interest Income	0
Interest Expense	-0
Other Finance Cost	-0
Net Interest Income	0

Pretax Income (+$)
Operating Income	130,702
Net Interest Income	0
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	135,348	118,056 EBIT - interestExpense = 110,648 135,348 113,234
Interest Expense	0
Earnings Before Interest and Taxes (EBIT)	110,648	135,348
Earnings Before Interest and Taxes (EBITDA)	132,528

After tax Income (+$)
Income Before Tax	135,348
Tax Provision	-22,909
Net Income From Continuing Ops	157,316	112,439
Net Income	113,234
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	714,845
Total Other Income/Expenses Net	12,646	0

Technical Analysis of Cognex
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 Cognex. The general trend of Cognex is BEARISH with 14.3% 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 Cognex'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 (-14.3%)		Bearish trend (14.3%)
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 Cognex Corporation.

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

Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 39.65 < 39.91 < 42.27.

The bearish price targets are: 37.72 > 35.29 > 34.63.

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Cognex 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 Cognex Corporation. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Cognex 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 Cognex Corporation. The current macd is -0.33921195.

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

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Cognex price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Cognex. 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 Cognex 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

Cognex 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 Cognex Corporation. The current adx is 17.48.

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 Cognex 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.

Cognex 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 Cognex Corporation. The current sar is 40.85.

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

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

Cognex 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 Cognex Corporation. The current rsi is 47.56. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Cognex 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 Cognex Corporation. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

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

Cognex 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 Cognex Corporation. The current cci is -64.86761508.

Cognex 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 Cognex Corporation. The current cmo is -4.02101965.

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

Cognex 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 Cognex Corporation. The current willr is -63.43558282.

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 Cognex is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Cognex 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 Cognex Corporation.

Cognex 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 Cognex Corporation. The current atr is 0.99703211.

Cognex 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 Cognex Corporation. The current obv is -16,121,005.

Cognex 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 Cognex Corporation. The current mfi is 34.51.

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

MFI < 50: -1

Cognex Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Cognex 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
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-08	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-18	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-20	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).
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-03	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-16	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-31	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-09	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-12	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-02-13	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-15	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.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-20	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-22	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-28	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-06	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-18	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-03-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-21	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-25	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.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	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
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-04	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-08	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-09	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-10	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-12	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-15	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-16	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-04-17	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-04-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-23	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-04-24	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.

6.3. Candlestick Patterns

Cognex Corporation Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	47.561
Ma 20	Greater than	Ma 50	40.306
Ma 50	Greater than	Ma 100	40.237
Ma 100	Greater than	Ma 200	39.452
Open	Greater than	Close	39.280
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Cognex Corporation Buy, Hold or Sell?

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Quick analysis of Cognex (30 sec.)

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

$39.79

$8.72

$-11.50 - $7.94

$-2.78 - $16.66

2. Growth of Cognex (5 min.)

Is Cognex growing?

How much money is Cognex making?

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

3. Financial Health of Cognex (5 min.)

4. Comparing to competitors in the Scientific & Technical Instruments industry (5 min.)

Industry Rankings (Scientific & Technical Instruments)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Cognex

About Cognex Corporation

Financial Health

Valuation

1.1. Profitability of Cognex Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Scientific & Technical Instruments)

1.1.2. Return on Assets

Trends

Compared to industry (Scientific & Technical Instruments)

1.1.3. Return on Equity

Trends

Compared to industry (Scientific & Technical Instruments)

1.2. Operating Efficiency of Cognex Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Scientific & Technical Instruments)

1.2.2. Operating Ratio

Trends

Compared to industry (Scientific & Technical Instruments)

1.3. Liquidity of Cognex Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Scientific & Technical Instruments)

1.3.2. Quick Ratio

Trends

Compared to industry (Scientific & Technical Instruments)

1.4. Solvency of Cognex Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Scientific & Technical Instruments)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Scientific & Technical Instruments)

2. Market Valuation of Cognex Corporation

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Scientific & Technical Instruments)

Cognex Corporation
Buy, Hold or Sell?