Columbia Sportswear Company
Buy, Hold or Sell?

Let's analyse Columbia together

Penke I guess you are interested in Columbia Sportswear Company. 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 Columbia Sportswear Company. 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 Columbia (30 sec.)

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

How much money do you get?

$1.20

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$32.13

Expected worth in 1 year

$33.18

How sure are you?

85.4%

+ What do you gain per year?

Total Gains per Share

$2.26

Return On Investment

3.0%

For what price can you sell your share?

Current Price per Share

$75.00

Expected price per share

$75.09 - $82.42

How sure are you?

50%

1. Valuation of Columbia (5 min.)

Live pricePrice per Share (EOD)

$75.00

Book Value per Share

$32.13

Intrinsic Value Per Share

$153.77 - $200.53

Total Value Per Share

$185.90 - $232.65

My calculation of the intrinsic value of Columbia 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: ($0.71) 3Y: ($1.10) TTM: ($2.41)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.24) 3Y: ($0.24) TTM: ($1.34)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$5.01	$6.68	$6.63 - $8.26
2	$13.18	$16.84	$10.42 - $12.12
3	$24.14	$30.29	$14.21 - $15.99
4	$37.56	$46.81	$18.00 - $19.85
5	$53.11	$66.22	$21.79 - $23.71
6	$70.51	$88.34	$25.58 - $27.58
7	$89.50	$113.00	$29.38 - $31.44
8	$109.85	$140.02	$33.17 - $35.31
9	$131.34	$169.24	$36.96 - $39.17
10	$153.77	$200.53	$40.75 - $43.03

2. Growth of Columbia (5 min.)

Is Columbia growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.9b	$1.8b	$88.7m	4.6%

How much money is Columbia making?

	Current year	Previous year	Grow	Grow %
Making money	$62.8m	$77.8m	-$15m	-23.9%
Net Profit Margin	6.6%	8.1%	-	-

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

Quarterly Yearly

3. Financial Health of Columbia (5 min.)

4. Comparing to competitors in the Apparel Manufacturing industry (5 min.)

Industry Rankings (Apparel Manufacturing)

Richest
#14 / 217

Most Revenue
#21 / 217

Most Profit
#24 / 217

Most Efficient
#74 / 217

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

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

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

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

Speculation

The Price per Share of Columbia is $75.00. 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 Columbia.
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 Columbia, 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 $32.13. Based on the TTM, the Book Value Change Per Share is $0.26 per quarter. Based on the YOY, the Book Value Change Per Share is $0.19 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 $0.30 per quarter.

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

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	1.55	2.1%	1.03	1.4%	1.24	1.7%	1.04	1.4%	0.90	1.2%
Usd Book Value Change Per Share	1.02	1.4%	0.26	0.4%	0.19	0.3%	0.39	0.5%	0.35	0.5%
Usd Dividend Per Share	0.30	0.4%	0.30	0.4%	0.30	0.4%	0.27	0.4%	0.22	0.3%
Usd Total Gains Per Share	1.32	1.8%	0.56	0.8%	0.49	0.6%	0.66	0.9%	0.57	0.8%
Usd Price Per Share	79.54	-	80.28	-	79.25	-	88.08	-	76.05	-
Price to Earnings Ratio	12.86	-	49.28	-	49.68	-	307.68	-	142.86	-
Price-to-Total Gains Ratio	60.29	-	49.75	-	-67.80	-	91.76	-	289.68	-
Price to Book Ratio	2.48	-	2.57	-	2.73	-	3.17	-	3.10	-
Price-to-Total Gains Ratio	60.29	-	49.75	-	-67.80	-	91.76	-	289.68	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	75
Number of shares	13

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.30	0.27
Usd Book Value Change Per Share	0.26	0.39
Usd Total Gains Per Share	0.56	0.66
Gains per Quarter (13 shares)	7.33	8.59
Gains per Year (13 shares)	29.32	34.36

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	16	14	19	14	20	24
2	31	28	48	28	41	58
3	47	41	77	42	61	92
4	62	55	106	56	81	126
5	78	69	135	70	102	160
6	93	83	164	84	122	194
7	109	96	193	98	142	228
8	124	110	222	112	162	262
9	140	124	251	127	183	296
10	156	138	280	141	203	330

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%	35.0	6.0	0.0	85.4%	92.0	13.0	0.0	87.6%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	13.0	7.0	0.0	65.0%	29.0	11.0	1.0	70.7%	78.0	26.0	1.0	74.3%
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%	41.0	0.0	0.0	100.0%	74.0	0.0	31.0	70.5%
Total Gains 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%	35.0	6.0	0.0	85.4%	92.0	13.0	0.0	87.6%

Fundamentals of Columbia

About Columbia Sportswear Company

https://www.columbia.com
Apparel Manufacturing
10070
14375 Northwest Science Park Drive, Portland, OR, United States, 97229
Google Maps Bing Maps

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities. It offers footwear products that include lightweight hiking boot; trail running shoes; rugged cold weather boots; sandals and shoes for use in water activities; and footwear for lifestyle wear. In addition, it owned network of branded and outlet retail stores; brand-specific e-commerce sites; and concession or franchise-based arrangements with third parties at branded outlet and shop-in-shop retail locations, as well as through independently operated specialty outdoor and sporting goods stores, sporting goods chains, department store chains, internet retailers, and international distributors. The company sells its products under the Columbia, Mountain Hard Wear, SOREL, and prAna brand names. Columbia Sportswear Company was founded in 1938 and is headquartered in Portland, Oregon.

Fundamental data was last updated by Penke on 2024-04-11 04:45:05.

Financial Health

Profitability Details

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

1.1. Profitability of Columbia Sportswear Company.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Columbia to the Apparel Manufacturing industry mean.
A Net Profit Margin of 8.8% means that $0.09 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Columbia Sportswear Company:

The MRQ is 8.8%. The company is making a profit. +1
The TTM is 6.6%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	8.8%	TTM	6.6%	+2.2%
TTM	6.6%	YOY	8.1%	-1.5%
TTM	6.6%	5Y	7.3%	-0.7%
5Y	7.3%	10Y	6.8%	+0.5%

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	8.8%	3.2%	+5.6%
TTM	6.6%	3.6%	+3.0%
YOY	8.1%	3.9%	+4.2%
5Y	7.3%	2.3%	+5.0%
10Y	6.8%	3.2%	+3.6%

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

Revenue is the amount of profit Columbia 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 Columbia 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 Columbia to the Apparel Manufacturing industry mean.
Can be used to compare companies within the Apparel Manufacturing industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Columbia. If profit margins remain low (compared to the Apparel Manufacturing 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 Columbia is 0.09. This means that Columbia earned $0.09 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 Apparel Manufacturing industry is 3.2%.
What is the trend?
The trend is important because it shows you how Columbia is performing over time. The most recent quarter might be important if Columbia 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 Columbia 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 Columbia with other companies in the same industry (Apparel Manufacturing).
Net profit margin should rise over the years.
Can be influenced when Columbia sells assets (profit will increase while costs remain the same).
It won’t show what part of Columbia 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 Columbia

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 Columbia = 93,340
Total revenue MRQ Columbia = 1,059,994
$93,340 / $1,059,994 = 0.09 or 8.8%

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 Columbia is using its assets to generate profit.

Above 5% is considered healthy but always compare Columbia to the Apparel Manufacturing industry mean.
3.2% Return on Assets means that Columbia generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Columbia Sportswear Company:

The MRQ is 3.2%. Using its assets, the company is less efficient in making profit.
The TTM is 2.2%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	3.2%	TTM	2.2%	+1.0%
TTM	2.2%	YOY	2.7%	-0.5%
TTM	2.2%	5Y	2.4%	-0.2%
5Y	2.4%	10Y	2.3%	+0.0%

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	3.2%	1.4%	+1.8%
TTM	2.2%	1.3%	+0.9%
YOY	2.7%	1.6%	+1.1%
5Y	2.4%	1.2%	+1.2%
10Y	2.3%	1.7%	+0.6%

Shows how efficient Columbia 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 Columbia to the Apparel Manufacturing 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 Columbia is using its resources to generate profit. If the return on assets (3.2%) from Columbia are higher than the Apparel Manufacturing mean (1.4%) that means Columbia 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 Columbia is 3.2%. This means the company generated $0.03 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Apparel Manufacturing industry is 1.4%.
What is the trend?
The trend is important because it shows you how Columbia is performing over time. The most recent quarter might be important if Columbia 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 Columbia 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 Columbia

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

Income statement
Balance sheet

Net income MRQ (income statement) from Columbia = 93,340
Total assets MRQ (balance sheet) from Columbia = 2,939,013
93,340 / 2,939,013 = 0.03 or 3.2%

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

Above 15%-20% is considered healthy but always compare Columbia to the Apparel Manufacturing industry mean.
4.8% Return on Equity means Columbia generated $0.05 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Columbia Sportswear Company:

The MRQ is 4.8%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.3%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	4.8%	TTM	3.3%	+1.5%
TTM	3.3%	YOY	4.2%	-0.9%
TTM	3.3%	5Y	3.6%	-0.4%
5Y	3.6%	10Y	3.3%	+0.3%

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	4.8%	2.7%	+2.1%
TTM	3.3%	2.7%	+0.6%
YOY	4.2%	2.7%	+1.5%
5Y	3.6%	2.1%	+1.5%
10Y	3.3%	2.9%	+0.4%

Shows how efficient Columbia 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 Columbia to the Apparel Manufacturing 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 Apparel Manufacturing 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 Columbia is 4.8%. This means Columbia generated $0.05 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Apparel Manufacturing industry is 2.7%.
What is the trend?
The trend is important because it shows you how Columbia is performing over time. The most recent quarter might be important if Columbia 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 Columbia up to 10 years back (depending if Columbia 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 Columbia

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Columbia = 93,340
Shareholders equity (balance sheet) MRQ Columbia = 1,938,610
93,340 / 1,938,610 = 0.05 or 4.8%

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 Columbia Sportswear Company.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Columbia is operating .

Measures how much profit Columbia 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 Columbia to the Apparel Manufacturing industry mean.
An Operating Margin of 12.4% means the company generated $0.12 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Columbia Sportswear Company:

The MRQ is 12.4%. The company is operating less efficient.
The TTM is 8.5%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	12.4%	TTM	8.5%	+3.9%
TTM	8.5%	YOY	11.8%	-3.3%
TTM	8.5%	5Y	9.2%	-0.8%
5Y	9.2%	10Y	9.4%	-0.2%

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	12.4%	6.4%	+6.0%
TTM	8.5%	5.1%	+3.4%
YOY	11.8%	5.2%	+6.6%
5Y	9.2%	4.2%	+5.0%
10Y	9.4%	4.3%	+5.1%

Measures how efficient Columbia 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 Columbia to the Apparel Manufacturing 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 Columbia 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 Columbia is 12.4%. This means that Columbia earned $0.12 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Apparel Manufacturing industry is 6.4%.
What is the trend?
The trend is important because it shows you how Columbia is performing over time. The most recent quarter might be important if Columbia 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 Columbia 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 Columbia

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Columbia = 131,367
Total revenue MRQ Columbia = 1,059,994
$131,367 / $1,059,994 = 0.12 or 12.4%

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 Columbia is keeping operating costs low.

Below 1 is considered healthy (always compare to Apparel Manufacturing industry mean).
An Operation Ratio of 0.88 means that the operating costs are $0.88 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Columbia Sportswear Company:

The MRQ is 0.876. The company is less efficient in keeping operating costs low.
The TTM is 0.915. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.876	TTM	0.915	-0.039
TTM	0.915	YOY	0.890	+0.025
TTM	0.915	5Y	0.909	+0.006
5Y	0.909	10Y	0.907	+0.002

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	0.876	1.400	-0.524
TTM	0.915	1.392	-0.477
YOY	0.890	1.310	-0.420
5Y	0.909	1.314	-0.405
10Y	0.907	1.153	-0.246

Measures how efficient Columbia 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 Columbia to the Apparel Manufacturing 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 Columbia is 87.6%. This means that Columbia earned $0.88 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 Apparel Manufacturing industry is 1.40.
What is the trend?
The trend is important because it shows you how Columbia is performing over time. The most recent quarter might be important if Columbia 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 Columbia 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 Columbia

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
(523,804 +404,823) \ 1,059,994 = 0.88

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 Columbia Sportswear Company.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Apparel Manufacturing industry mean).
A Current Ratio of 3.38 means the company has $3.38 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Columbia Sportswear Company:

The MRQ is 3.377. The company is very able to pay all its short-term debts. +2
The TTM is 3.466. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	3.377	TTM	3.466	-0.089
TTM	3.466	YOY	2.957	+0.509
TTM	3.466	5Y	3.196	+0.270
5Y	3.196	10Y	3.528	-0.332

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	3.377	1.765	+1.612
TTM	3.466	1.794	+1.672
YOY	2.957	1.838	+1.119
5Y	3.196	1.867	+1.329
10Y	3.528	1.878	+1.650

Measures if Columbia 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 Apparel Manufacturing 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 Columbia 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 Columbia is 3.38. This means Columbia has $3.38 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Apparel Manufacturing industry is 1.77.
What is the trend?
The trend is important because it shows you how Columbia is performing over time. The most recent quarter might be important if Columbia 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 Columbia 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 Columbia

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
2,014,685 \ 596,627) = 3.38

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

Above 1 is considered healthy but always compare Columbia to the Apparel Manufacturing industry mean.
A Quick Ratio of 2.68 means the company can pay off $2.68 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Columbia Sportswear Company:

The MRQ is 2.685. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 1.874. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	2.685	TTM	1.874	+0.811
TTM	1.874	YOY	1.415	+0.459
TTM	1.874	5Y	1.822	+0.051
5Y	1.822	10Y	2.139	-0.317

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	2.685	0.674	+2.011
TTM	1.874	0.713	+1.161
YOY	1.415	0.806	+0.609
5Y	1.822	0.821	+1.001
10Y	2.139	0.850	+1.289

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Columbia to the Apparel Manufacturing industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

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

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Columbia is 2.68. This means that Columbia can pay off $2.68 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Apparel Manufacturing industry is 0.67.
What is the trend?
The trend is important because it shows you how Columbia is performing over time. The most recent quarter might be important if Columbia 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 Columbia up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example Columbia

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Columbia: (764,504 + 414,185 +423,079) / 596,627 = 2.68

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

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

1.4. Solvency of Columbia Sportswear Company.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Columbia to Apparel Manufacturing industry mean.
A Debt to Asset Ratio of 0.34 means that Columbia assets are financed with 34.0% credit (debt) and the remaining percentage (100% - 34.0%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Columbia Sportswear Company:

The MRQ is 0.340. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.329. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.340	TTM	0.329	+0.011
TTM	0.329	YOY	0.363	-0.033
TTM	0.329	5Y	0.353	-0.024
5Y	0.353	10Y	0.289	+0.064

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	0.340	0.433	-0.093
TTM	0.329	0.439	-0.110
YOY	0.363	0.452	-0.089
5Y	0.353	0.444	-0.091
10Y	0.289	0.448	-0.159

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Columbia to Apparel Manufacturing 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 Columbia is 0.34. This means means that Columbia is financed with 34.0% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Apparel Manufacturing industry is 176.5%.
What is the trend?
The trend is important because it shows you how Columbia is performing over time. The most recent quarter might be important if Columbia 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 Columbia 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 Columbia has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Columbia

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

Balance sheet
Debt to asset ratio = total debt \ total assets
1,000,403 \ 2,939,013 = 34.0% or 0.34.

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

Below 2 is considered healthy but always compare Columbia to the Apparel Manufacturing industry mean.
A Debt to Equity ratio of 51.6% means that company has $0.52 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Columbia Sportswear Company:

The MRQ is 0.516. The company is very able to pay all its debts with equity. +2
The TTM is 0.491. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.516	TTM	0.491	+0.025
TTM	0.491	YOY	0.569	-0.078
TTM	0.491	5Y	0.547	-0.056
5Y	0.547	10Y	0.422	+0.125

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	0.516	0.754	-0.238
TTM	0.491	0.777	-0.286
YOY	0.569	0.821	-0.252
5Y	0.547	0.842	-0.295
10Y	0.422	0.910	-0.488

Measures if Columbia 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 Columbia 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 Columbia is 0.52. This means that Columbia can pay off $0.52 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Apparel Manufacturing industry is 0.75.
What is the trend?
The trend is important because it shows you how Columbia is performing over time. The most recent quarter might be important if Columbia 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 Columbia 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 Columbia

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,000,403 \ 1,938,610 = 0.52 or 51.6%

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 Columbia Sportswear Company

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 Columbia generates.

Above 15 is considered overpriced but always compare Columbia to the Apparel Manufacturing industry mean.
A PE ratio of 12.86 means the investor is paying $12.86 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Columbia Sportswear Company:

The EOD is 12.122. Based on the earnings, the company is underpriced. +1
The MRQ is 12.856. Based on the earnings, the company is underpriced. +1
The TTM is 49.278. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	12.122	MRQ	12.856	-0.734
MRQ	12.856	TTM	49.278	-36.422
TTM	49.278	YOY	49.680	-0.402
TTM	49.278	5Y	307.685	-258.407
5Y	307.685	10Y	142.862	+164.823

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
EOD	12.122	7.004	+5.118
MRQ	12.856	7.622	+5.234
TTM	49.278	8.857	+40.421
YOY	49.680	8.898	+40.782
5Y	307.685	10.241	+297.444
10Y	142.862	14.110	+128.752

Measures how much money you pay for each share for every $1 in earnings Columbia 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 Columbia to the Apparel Manufacturing 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 Columbia is 12.86. This means the investor is paying $12.86 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Apparel Manufacturing industry is 7.62.
What is the trend?
The trend is important because it shows you how Columbia is performing over time. The most recent quarter might be important if Columbia 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 Columbia 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 Columbia

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 \ 60,345 = EPS
PE ratio MRQ = 12.86

* 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 Columbia Sportswear Company:

The EOD is 1.883. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 1.997. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is -44.234. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	1.883	MRQ	1.997	-0.114
MRQ	1.997	TTM	-44.234	+46.232
TTM	-44.234	YOY	-10.738	-33.497
TTM	-44.234	5Y	-29.429	-14.805
5Y	-29.429	10Y	-3.258	-26.171

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
EOD	1.883	2.414	-0.531
MRQ	1.997	2.878	-0.881
TTM	-44.234	2.525	-46.759
YOY	-10.738	1.256	-11.994
5Y	-29.429	1.285	-30.714
10Y	-3.258	0.399	-3.657

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Apparel Manufacturing industry mean).
A PB ratio of 2.48 means the investor is paying $2.48 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Columbia Sportswear Company:

The EOD is 2.335. Based on the equity, the company is underpriced. +1
The MRQ is 2.476. Based on the equity, the company is underpriced. +1
The TTM is 2.574. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	2.335	MRQ	2.476	-0.141
MRQ	2.476	TTM	2.574	-0.098
TTM	2.574	YOY	2.733	-0.159
TTM	2.574	5Y	3.173	-0.599
5Y	3.173	10Y	3.105	+0.068

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
EOD	2.335	1.288	+1.047
MRQ	2.476	1.265	+1.211
TTM	2.574	1.330	+1.244
YOY	2.733	1.619	+1.114
5Y	3.173	1.590	+1.583
10Y	3.105	2.015	+1.090

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Columbia Sportswear Company.

3.1. Institutions holding Columbia Sportswear Company

Institutions are holding 54.122% of the shares of Columbia Sportswear Company.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Morgan Stanley - Brokerage Accounts	7.0937	0.0297	4241753	-110869	-2.5472
2023-12-31	Vanguard Group Inc	5.2668	0.0055	3149296	7010	0.2231
2023-12-31	BlackRock Inc	4.8764	0.0059	2915886	-108731	-3.5949
2023-12-31	Victory Capital Management Inc.	2.4051	0.1203	1438171	-178749	-11.0549
2023-12-31	Fuller & Thaler Asset Management Inc	2.3743	0.5721	1419734	-50034	-3.4042
2023-12-31	BTIM Corp	2.1647	0.7767	1294410	305592	30.9048
2023-12-31	Dimensional Fund Advisors, Inc.	1.8869	0.0262	1128258	104100	10.1644
2023-12-31	State Street Corporation	1.7224	0.004	1029944	23831	2.3686
2023-12-31	JPMorgan Chase & Co	1.5648	0.0072	935709	-124524	-11.745
2023-12-31	Thrivent Financial For Lutherans	1.4396	0.1492	860795	71821	9.1031
2023-12-31	Badgley Phelps Wealth Managers, LLC	1.3459	1.7449	804775	804775	0
2023-12-31	Macquarie Group Ltd	1.3289	0.073	794627	-45875	-5.458
2023-12-31	Loomis, Sayles & Company LP	1.0227	0.0745	611534	-12510	-2.0047
2023-12-31	Geode Capital Management, LLC	0.9786	0.0049	585145	9530	1.6556
2023-12-31	Charles Schwab Investment Management Inc	0.8625	0.0104	515735	18001	3.6166
2023-12-31	First Trust Advisors L.P.	0.7971	0.0414	476608	105193	28.3222
2023-12-31	Amvescap Plc.	0.7595	0.0086	454135	-21810	-4.5825
2023-12-31	Bank of New York Mellon Corp	0.7032	0.0068	420468	11631	2.8449
2023-12-31	Bank of America Corp	0.6059	0.0029	362325	-11640	-3.1126
2023-12-31	Northern Trust Corp	0.5547	0.0048	331691	-8084	-2.3792
Total		39.7537	3.669	23770999	+788658	+3.3%

3.2. Funds holding Columbia Sportswear Company

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Eaton Vance Atlanta Capital SMID-Cap I	4.6696	1.7617	2792195	335295	13.6471
2023-12-31	FullerThaler Behavioral Small-Cap Value	2.0543	1.1453	1228399	-34975	-2.7684
2024-03-28	iShares Core S&P Mid-Cap ETF	1.7957	0.1025	1073747	0	0
2023-12-31	Victory Sycamore Small Company Opp R	1.756	1.1898	1050000	-55500	-5.0204
2023-12-31	Victory Small Cap Value CIT (Net 75)	1.756	1.1874	1050000	-55500	-5.0204
2024-02-29	Vanguard Total Stock Mkt Idx Inv	1.7451	0.0056	1043505	-2321	-0.2219
2024-03-28	Pacer US Cash Cows 100 ETF	1.7075	0.3671	1020993	1834	0.18
2024-02-29	Undiscovered Managers Behavioral Val L	1.4958	0.8627	894438	-274117	-23.4578
2024-02-29	Vanguard Small Cap Index	1.4346	0.0505	857818	7942	0.9345
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	0.8533	0.0414	510253	1857	0.3653
2024-02-29	Vanguard Small Cap Growth Index Inv	0.8028	0.1137	480037	6035	1.2732
2024-01-31	Thrivent Small Cap Stock A	0.7564	1.3288	452303	7964	1.7923
2024-02-29	Delaware Small Cap Value A	0.7317	0.7645	437500	-19829	-4.3358
2023-12-31	Invesco Global Multi Cap Growth	0.5906	0.7457	353130	0	0
2024-02-29	Invesco Global Opportunities A	0.5327	0.7389	318530	-34600	-9.7981
2024-02-29	Boston Trust Walden Small Cap	0.5167	1.9839	308950	-3350	-1.0727
2024-02-29	JPMorgan Value Advantage L	0.4648	0.2586	277937	-110017	-28.3583
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.4607	0.1083	275475	1038	0.3782
2024-02-29	DFA US Small Cap I	0.4006	0.1277	239531	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.3613	0.0428	216015	5400	2.5639
Total		24.8862	12.9269	14880756	-222844	-1.5%

3.3. Insider Transactions

Insiders are holding 43.953% of the shares of Columbia Sportswear Company.

Date	Owner	Type	Amount	Price
2024-02-22	Ronald E Nelson	SELL	5768	82.05
2024-02-12	Stephen E Babson	SELL	2411	80.98
2023-05-16	Ronald E Nelson	SELL	7394	76.32
2023-05-02	Sabrina Simmons	SELL	982	82.52

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Columbia Sportswear Company 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	-	-	1.020	0.265	+285%	0.188	+444%	0.390	+161%	0.346	+195%
Book Value Per Share	-	-	32.125	31.195	+3%	29.005	+11%	28.035	+15%	24.566	+31%
Current Ratio	-	-	3.377	3.466	-3%	2.957	+14%	3.196	+6%	3.528	-4%
Debt To Asset Ratio	-	-	0.340	0.329	+3%	0.363	-6%	0.353	-4%	0.289	+18%
Debt To Equity Ratio	-	-	0.516	0.491	+5%	0.569	-9%	0.547	-6%	0.422	+22%
Dividend Per Share	-	-	0.299	0.299	+0%	0.298	+0%	0.270	+11%	0.221	+35%
Eps	-	-	1.547	1.030	+50%	1.241	+25%	1.044	+48%	0.904	+71%
Free Cash Flow Per Share	-	-	9.957	2.409	+313%	-0.328	+103%	0.963	+934%	0.710	+1302%
Free Cash Flow To Equity Per Share	-	-	9.009	1.369	+558%	-1.740	+119%	0.060	+14936%	0.091	+9849%
Gross Profit Margin	-	-	1.000	1.000	0%	0.281	+256%	0.856	+17%	0.930	+8%
Intrinsic Value_10Y_max	-	-	200.525	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	153.775	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	6.676	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	5.008	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	30.286	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	24.144	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	66.223	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	53.105	-	-	-	-	-	-	-	-
Market Cap	4484677500.000	-7%	4799841300.000	4929844255.000	-3%	4994765427.500	-4%	5760434389.000	-17%	5137897897.073	-7%
Net Profit Margin	-	-	0.088	0.066	+34%	0.081	+8%	0.073	+21%	0.068	+30%
Operating Margin	-	-	0.124	0.085	+46%	0.118	+5%	0.092	+34%	0.094	+32%
Operating Ratio	-	-	0.876	0.915	-4%	0.890	-2%	0.909	-4%	0.907	-3%
Pb Ratio	2.335	-6%	2.476	2.574	-4%	2.733	-9%	3.173	-22%	3.105	-20%
Pe Ratio	12.122	-6%	12.856	49.278	-74%	49.680	-74%	307.685	-96%	142.862	-91%
Price Per Share	75.000	-6%	79.540	80.280	-1%	79.248	+0%	88.076	-10%	76.050	+5%
Price To Free Cash Flow Ratio	1.883	-6%	1.997	-44.234	+2315%	-10.738	+638%	-29.429	+1574%	-3.258	+263%
Price To Total Gains Ratio	56.844	-6%	60.285	49.749	+21%	-67.804	+212%	91.755	-34%	289.683	-79%
Quick Ratio	-	-	2.685	1.874	+43%	1.415	+90%	1.822	+47%	2.139	+26%
Return On Assets	-	-	0.032	0.022	+45%	0.027	+19%	0.024	+35%	0.023	+36%
Return On Equity	-	-	0.048	0.033	+47%	0.042	+15%	0.036	+32%	0.033	+44%
Total Gains Per Share	-	-	1.319	0.564	+134%	0.486	+172%	0.661	+100%	0.567	+133%
Usd Book Value	-	-	1938610000.000	1914091000.000	+1%	1825302250.000	+6%	1821750600.000	+6%	1655037268.293	+17%
Usd Book Value Change Per Share	-	-	1.020	0.265	+285%	0.188	+444%	0.390	+161%	0.346	+195%
Usd Book Value Per Share	-	-	32.125	31.195	+3%	29.005	+11%	28.035	+15%	24.566	+31%
Usd Dividend Per Share	-	-	0.299	0.299	+0%	0.298	+0%	0.270	+11%	0.221	+35%
Usd Eps	-	-	1.547	1.030	+50%	1.241	+25%	1.044	+48%	0.904	+71%
Usd Free Cash Flow	-	-	600871000.000	145422500.000	+313%	-20927000.000	+103%	61344950.000	+879%	46683048.780	+1187%
Usd Free Cash Flow Per Share	-	-	9.957	2.409	+313%	-0.328	+103%	0.963	+934%	0.710	+1302%
Usd Free Cash Flow To Equity Per Share	-	-	9.009	1.369	+558%	-1.740	+119%	0.060	+14936%	0.091	+9849%
Usd Market Cap	4484677500.000	-7%	4799841300.000	4929844255.000	-3%	4994765427.500	-4%	5760434389.000	-17%	5137897897.073	-7%
Usd Price Per Share	75.000	-6%	79.540	80.280	-1%	79.248	+0%	88.076	-10%	76.050	+5%
Usd Profit	-	-	93340000.000	62850000.000	+49%	77860000.000	+20%	67772500.000	+38%	56483463.415	+65%
Usd Revenue	-	-	1059993999.000	871800749.750	+22%	866038000.000	+22%	781089449.950	+36%	693711317.049	+53%
Usd Total Gains Per Share	-	-	1.319	0.564	+134%	0.486	+172%	0.661	+100%	0.567	+133%
	EOD	+4 -4	MRQ	TTM	+28 -7	YOY	+32 -4	5Y	+31 -5	10Y	+28 -8

4.2. Fundamental Score

Let's check the fundamental score of Columbia Sportswear Company based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	12.122
Price to Book Ratio (EOD)	Between	0-1	2.335
Net Profit Margin (MRQ)	Greater than	0	0.088
Operating Margin (MRQ)	Greater than	0	0.124
Quick Ratio (MRQ)	Greater than	1	2.685
Current Ratio (MRQ)	Greater than	1	3.377
Debt to Asset Ratio (MRQ)	Less than	1	0.340
Debt to Equity Ratio (MRQ)	Less than	1	0.516
Return on Equity (MRQ)	Greater than	0.15	0.048
Return on Assets (MRQ)	Greater than	0.05	0.032
Total			7/10 (70.0%)

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4.3. Technical Score

Let's check the technical score of Columbia Sportswear Company based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	39.675
Ma 20	Greater than	Ma 50	77.046
Ma 50	Greater than	Ma 100	78.984
Ma 100	Greater than	Ma 200	79.090
Open	Greater than	Close	75.630
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

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

Summary

Total Assets	2,939,013
Total Liabilities	1,000,403
Total Stockholder Equity	1,938,610

	As reported
Total Liabilities	1,000,403
Total Stockholder Equity	+ 1,938,610
Total Assets	= 2,939,013

Assets

Total Assets	2,939,013
Total Current Assets	2,014,685
Long-term Assets	924,328

Total Current Assets

Total Current Assets (as reported)	2,014,685
Cash And Cash Equivalents	350,319
Short-term Investments	414,185
Net Receivables	423,079
Inventory	746,288
Other Current Assets	80,814
Total Current Assets (calculated)	2,014,685
+/-	0

Long-term Assets

Long-term Assets (as reported)	924,328
Property Plant Equipment	644,576
Goodwill	26,694
Intangible Assets	79,908
Long-term Assets Other	66,615
Long-term Assets (calculated)	817,793
+/-	106,535

Liabilities & Shareholders' Equity

Total Current Liabilities	596,627
Long-term Liabilities	403,776
Total Stockholder Equity	1,938,610

Total Current Liabilities

Total Current Liabilities (as reported)	596,627
Short-term Debt	71,086
Accounts payable	235,927
Other Current Liabilities	272,058
Total Current Liabilities (calculated)	579,071
+/-	17,556

Long-term Liabilities

Long-term Liabilities (as reported)	403,776
Capital Lease Obligations	407,858
Long-term Liabilities (calculated)	407,858
+/-	4,082

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,938,610
Retained Earnings	1,984,446
Accumulated Other Comprehensive Income	-45,836
Total Stockholder Equity (calculated)	1,938,610
+/-	0

Other

Cash and Short Term Investments	764,504
Common Stock Shares Outstanding	60,345
Current Deferred Revenue	17,556
Liabilities and Stockholders Equity	2,939,013
Net Debt	57,539
Net Invested Capital	1,938,610
Net Working Capital	1,418,058
Property Plant and Equipment Gross	1,316,506
Short Long Term Debt Total	407,858

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

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2018-12-31

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2017-12-31

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2016-12-31

2016-09-30

2016-08-04

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

> Total Assets

297,100
255,100
347,500
269,500
247,600
276,900
372,400
305,000
284,710
306,122
440,608
375,086
372,952
421,116
553,299
474,967
473,186
488,551
588,582
592,817
599,378
647,321
752,272
783,766
779,074
837,282
908,837
949,444
956,773
847,868
967,218
970,778
934,925
916,082
1,024,226
1,027,373
1,021,444
1,071,498
1,149,247
1,166,481
1,107,657
1,134,807
1,162,759
1,148,236
1,073,054
1,111,859
1,184,317
1,212,883
1,189,982
1,212,007
1,332,565
1,294,754
1,256,033
1,312,851
1,344,376
1,382,542
1,300,072
1,386,095
1,427,846
1,458,842
1,372,481
1,477,034
1,534,302
1,605,588
1,549,529
1,685,291
1,761,877
1,792,209
1,689,073
1,818,656
1,876,876
1,846,153
1,760,762
1,907,554
1,907,554
1,921,815
2,013,894
1,888,074
2,011,200
2,100,814
2,212,902
2,188,684
2,246,950
2,299,339
2,368,721
2,613,709
2,662,447
2,751,080
2,931,591
2,751,487
2,622,397
2,652,314
2,836,571
2,793,906
2,863,299
2,889,359
3,067,128
2,787,979
2,726,788
2,890,152
3,051,546
2,888,974
2,789,804
2,798,943
2,939,013

2,939,013

2,798,943

2,789,804

2,888,974

3,051,546

2,890,152

2,726,788

2,787,979

3,067,128

2,889,359

2,863,299

2,793,906

2,836,571

2,652,314

2,622,397

2,751,487

2,931,591

2,751,080

2,662,447

2,613,709

2,368,721

2,299,339

2,246,950

2,188,684

2,212,902

2,100,814

2,011,200

1,888,074

2,013,894

1,921,815

1,907,554

1,760,762

1,846,153

1,876,876

1,818,656

1,689,073

1,792,209

1,761,877

1,685,291

1,549,529

1,605,588

1,534,302

1,477,034

1,372,481

1,458,842

1,427,846

1,386,095

1,300,072

1,382,542

1,344,376

1,312,851

1,256,033

1,294,754

1,332,565

1,212,007

1,189,982

1,212,883

1,184,317

1,111,859

1,073,054

1,148,236

1,162,759

1,134,807

1,107,657

1,166,481

1,149,247

1,071,498

1,021,444

1,027,373

1,024,226

916,082

934,925

970,778

967,218

847,868

956,773

949,444

908,837

837,282

779,074

783,766

752,272

647,321

599,378

592,817

588,582

488,551

473,186

474,967

553,299

421,116

372,952

375,086

440,608

306,122

284,710

305,000

372,400

276,900

247,600

269,500

347,500

255,100

297,100

> Total Current Assets

246,400
197,100
280,500
198,200
174,300
204,200
299,700
234,000
215,951
238,711
366,777
289,248
282,438
323,955
449,840
366,761
361,237
364,732
456,911
460,477
440,794
489,573
596,654
620,887
610,180
657,440
720,530
756,033
763,294
654,805
767,821
766,264
688,334
650,703
758,901
757,768
752,008
801,241
875,931
885,664
814,888
835,687
867,827
872,519
793,957
828,464
894,458
921,712
903,782
932,741
1,036,004
990,880
950,188
1,000,408
1,029,970
1,049,526
961,554
1,052,372
1,087,020
1,122,603
1,028,466
1,130,269
1,180,208
1,250,472
1,192,192
1,150,131
1,233,049
1,266,041
1,172,110
1,297,849
1,348,596
1,249,389
1,162,442
1,310,450
1,310,450
1,327,427
1,412,023
1,290,637
1,404,946
1,491,797
1,649,497
1,603,368
1,660,217
1,712,857
1,765,306
1,638,650
1,662,167
1,698,851
1,875,746
1,710,737
1,602,765
1,647,799
1,855,621
1,805,225
1,878,719
1,920,073
2,114,037
1,838,126
1,795,133
1,959,610
2,136,941
1,987,364
1,901,140
1,882,756
2,014,685

2,014,685

1,882,756

1,901,140

1,987,364

2,136,941

1,959,610

1,795,133

1,838,126

2,114,037

1,920,073

1,878,719

1,805,225

1,855,621

1,647,799

1,602,765

1,710,737

1,875,746

1,698,851

1,662,167

1,638,650

1,765,306

1,712,857

1,660,217

1,603,368

1,649,497

1,491,797

1,404,946

1,290,637

1,412,023

1,327,427

1,310,450

1,162,442

1,249,389

1,348,596

1,297,849

1,172,110

1,266,041

1,233,049

1,150,131

1,192,192

1,250,472

1,180,208

1,130,269

1,028,466

1,122,603

1,087,020

1,052,372

961,554

1,049,526

1,029,970

1,000,408

950,188

990,880

1,036,004

932,741

903,782

921,712

894,458

828,464

793,957

872,519

867,827

835,687

814,888

885,664

875,931

801,241

752,008

757,768

758,901

650,703

688,334

766,264

767,821

654,805

763,294

756,033

720,530

657,440

610,180

620,887

596,654

489,573

440,794

460,477

456,911

364,732

361,237

366,761

449,840

323,955

282,438

289,248

366,777

238,711

215,951

234,000

299,700

204,200

174,300

198,200

280,500

197,100

246,400

Cash And Cash Equivalents

6,300
5,200
9,700
6,800
9,100
4,600
8,600
14,600
27,828
12,851
10,652
35,464
40,479
20,938
9,968
79,082
123,910
71,569
38,434
194,670
179,197
158,817
85,882
264,585
288,059
284,655
123,344
130,023
157,283
174,869
120,196
101,091
57,197
47,626
28,998
64,880
79,266
107,948
48,914
191,950
276,245
324,885
142,955
230,617
272,112
315,266
192,879
386,664
365,948
346,643
173,937
234,257
234,982
207,429
87,942
241,034
240,725
193,245
94,164
290,781
303,654
340,428
274,160
437,489
528,038
367,165
185,247
413,558
401,604
371,062
173,410
369,770
430,000
415,944
415,944
219,189
551,389
556,006
620,639
411,805
673,166
717,216
510,656
182,175
437,825
430,447
386,150
239,311
686,009
671,108
474,793
313,429
790,725
873,641
819,806
599,479
763,404
435,240
413,110
159,221
430,241
361,049
231,571
213,282
350,319

350,319

213,282

231,571

361,049

430,241

159,221

413,110

435,240

763,404

599,479

819,806

873,641

790,725

313,429

474,793

671,108

686,009

239,311

386,150

430,447

437,825

182,175

510,656

717,216

673,166

411,805

620,639

556,006

551,389

219,189

415,944

430,000

369,770

173,410

371,062

401,604

413,558

185,247

367,165

528,038

437,489

274,160

340,428

303,654

290,781

94,164

193,245

240,725

241,034

87,942

207,429

234,982

234,257

173,937

346,643

365,948

386,664

192,879

315,266

272,112

230,617

142,955

324,885

276,245

191,950

48,914

107,948

79,266

64,880

28,998

47,626

57,197

101,091

120,196

174,869

157,283

130,023

123,344

284,655

288,059

264,585

85,882

158,817

179,197

194,670

38,434

71,569

123,910

79,082

9,968

20,938

40,479

35,464

10,652

12,851

27,828

14,600

8,600

4,600

9,100

6,800

9,700

5,200

6,300

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
160,205
181,050
68,010
28,100
159,075
181,835
126,169
41,580
155,170
189,360
156,547
66,907
81,598
1,813
2,546
2,316
22,433
27,705
2,394
17,637
22,759
49,858
51,686
62,357
68,812
100,331
90,842
2,423
2,878
12,028
35,266
2,128
44,661
70,988
90,181
29,049
91,755
39,537
27,238
537
27,267
52,938
46,428
629
629
21,227
12,859
12,859
467
472
34,470
1,591
18,469
94,983
90,978
264,014
269,313
262,802
272,603
138,198
1,477
1,668
35,828
975
1,095
1,224
920
1,138
1,132
131,145
175,024
1,108
972
722
99,511
71,225
1,474
414,185

414,185

1,474

71,225

99,511

722

972

1,108

175,024

131,145

1,132

1,138

920

1,224

1,095

975

35,828

1,668

1,477

138,198

272,603

262,802

269,313

264,014

90,978

94,983

18,469

1,591

34,470

472

467

12,859

21,227

629

46,428

52,938

27,267

537

27,238

39,537

91,755

29,049

90,181

70,988

44,661

2,128

35,266

12,028

2,878

2,423

90,842

100,331

68,812

62,357

51,686

49,858

22,759

17,637

2,394

27,705

22,433

2,316

2,546

1,813

81,598

66,907

156,547

189,360

155,170

41,580

126,169

181,835

159,075

28,100

68,010

181,050

160,205

Net Receivables

166,600
71,400
169,300
106,000
79,700
77,700
183,000
118,700
81,424
77,574
219,888
129,539
97,174
97,843
260,707
155,252
104,964
103,144
268,428
154,099
130,156
128,244
321,169
206,024
169,972
138,517
374,696
267,653
229,424
165,252
365,058
287,403
218,986
165,350
374,451
285,942
234,278
184,204
393,643
300,506
246,165
172,633
366,219
299,585
213,486
146,789
319,548
226,548
198,194
145,463
364,015
300,181
218,895
174,822
417,976
351,538
253,297
203,157
422,756
334,324
238,325
180,937
378,032
306,878
249,115
204,527
458,844
344,390
251,702
198,296
529,844
371,953
268,871
192,354
486,236
486,236
333,678
260,456
181,119
466,852
364,862
316,415
238,675
552,442
449,382
341,136
280,641
646,414
488,233
312,951
217,536
479,376
452,945
338,787
279,763
500,451
487,803
408,186
296,636
600,457
547,561
466,690
343,835
686,821
423,079

423,079

686,821

343,835

466,690

547,561

600,457

296,636

408,186

487,803

500,451

279,763

338,787

452,945

479,376

217,536

312,951

488,233

646,414

280,641

341,136

449,382

552,442

238,675

316,415

364,862

466,852

181,119

260,456

333,678

486,236

192,354

268,871

371,953

529,844

198,296

251,702

344,390

458,844

204,527

249,115

306,878

378,032

180,937

238,325

334,324

422,756

203,157

253,297

351,538

417,976

174,822

218,895

300,181

364,015

145,463

198,194

226,548

319,548

146,789

213,486

299,585

366,219

172,633

246,165

300,506

393,643

184,204

234,278

285,942

374,451

165,350

218,986

287,403

365,058

165,252

229,424

267,653

374,696

138,517

169,972

206,024

321,169

128,244

130,156

154,099

268,428

103,144

104,964

155,252

260,707

97,843

97,174

129,539

219,888

77,574

81,424

118,700

183,000

77,700

79,700

106,000

169,300

71,400

166,600

Inventory

65,400
108,800
86,600
74,100
72,700
108,000
97,200
86,500
91,636
132,121
120,837
105,288
127,717
186,944
161,154
114,889
114,342
170,695
133,645
94,862
115,759
181,646
166,072
126,808
128,077
209,388
194,381
165,426
164,793
215,937
223,048
185,870
194,599
272,248
272,113
212,323
209,712
309,722
320,593
265,874
238,086
272,851
301,378
256,312
223,701
293,407
301,477
222,161
222,704
310,520
358,210
314,298
303,086
422,004
432,104
365,199
366,564
523,078
475,733
363,325
325,241
423,765
410,111
329,228
290,196
456,448
494,795
384,650
363,656
581,031
546,685
473,637
412,228
653,636
653,636
588,021
487,997
398,842
559,544
558,558
457,927
405,971
570,473
617,194
521,827
520,614
756,378
717,396
605,968
577,124
806,887
771,724
556,530
525,704
676,009
720,865
645,379
714,415
962,875
1,056,905
1,028,545
959,234
1,162,519
885,163
746,288

746,288

885,163

1,162,519

959,234

1,028,545

1,056,905

962,875

714,415

645,379

720,865

676,009

525,704

556,530

771,724

806,887

577,124

605,968

717,396

756,378

520,614

521,827

617,194

570,473

405,971

457,927

558,558

559,544

398,842

487,997

588,021

653,636

412,228

473,637

546,685

581,031

363,656

384,650

494,795

456,448

290,196

329,228

410,111

423,765

325,241

363,325

475,733

523,078

366,564

365,199

432,104

422,004

303,086

314,298

358,210

310,520

222,704

222,161

301,477

293,407

223,701

256,312

301,378

272,851

238,086

265,874

320,593

309,722

209,712

212,323

272,113

272,248

194,599

185,870

223,048

215,937

164,793

165,426

194,381

209,388

128,077

126,808

166,072

181,646

115,759

94,862

133,645

170,695

114,342

114,889

161,154

186,944

127,717

105,288

120,837

132,121

91,636

86,500

97,200

108,000

72,700

74,100

86,600

108,800

65,400

Other Current Assets

8,100
11,700
14,900
11,300
12,800
13,900
10,900
14,200
15,063
16,165
15,400
18,957
17,068
18,230
18,011
17,538
18,021
19,324
16,404
16,846
15,682
20,866
23,531
23,470
24,072
24,880
28,109
32,726
30,744
30,737
31,419
32,825
35,717
39,310
41,759
39,453
39,392
42,820
45,874
45,736
52,579
62,772
54,959
63,572
56,953
70,608
62,917
63,580
67,078
78,429
77,485
73,332
92,894
105,311
89,525
88,877
88,940
97,626
92,239
89,512
90,258
94,958
88,856
85,122
85,306
94,753
93,626
96,176
102,210
101,032
98,028
33,400
30,116
35,657
33,514
33,514
38,487
40,863
42,053
36,113
58,559
72,788
76,399
91,733
93,470
73,850
100,800
94,253
93,868
113,726
102,574
82,175
54,197
66,173
102,003
98,146
86,306
105,261
121,404
142,055
129,872
100,880
91,990
96,016
80,814

80,814

96,016

91,990

100,880

129,872

142,055

121,404

105,261

86,306

98,146

102,003

66,173

54,197

82,175

102,574

113,726

93,868

94,253

100,800

73,850

93,470

91,733

76,399

72,788

58,559

36,113

42,053

40,863

38,487

33,514

35,657

30,116

33,400

98,028

101,032

102,210

96,176

93,626

94,753

85,306

85,122

88,856

94,958

90,258

89,512

92,239

97,626

88,940

88,877

89,525

105,311

92,894

73,332

77,485

78,429

67,078

63,580

62,917

70,608

56,953

63,572

54,959

62,772

52,579

45,736

45,874

42,820

39,392

39,453

41,759

39,310

35,717

32,825

31,419

30,737

30,744

32,726

28,109

24,880

24,072

23,470

23,531

20,866

15,682

16,846

16,404

19,324

18,021

17,538

18,011

18,230

17,068

18,957

15,400

16,165

15,063

14,200

10,900

13,900

12,800

11,300

14,900

11,700

8,100

> Long-term Assets

50,700
58,000
67,000
71,300
73,300
72,700
72,700
71,000
68,759
67,411
73,831
85,838
90,514
97,161
103,459
108,206
111,949
123,819
131,671
132,340
158,584
157,748
155,618
162,879
168,894
179,842
188,307
193,411
193,479
193,063
199,397
204,514
246,591
265,379
265,325
269,605
269,436
270,257
273,316
280,817
292,769
299,120
294,932
275,717
279,097
283,395
289,859
291,171
286,200
279,266
296,561
303,874
305,845
312,443
314,406
333,016
338,518
333,723
340,826
336,239
344,015
346,765
354,094
355,116
357,337
535,160
528,828
526,168
516,963
520,807
528,280
596,764
598,320
597,104
594,388
594,388
601,871
597,437
606,254
609,017
563,405
585,316
586,733
586,482
603,415
975,059
1,000,280
1,052,229
1,055,845
1,040,750
1,019,632
1,004,515
980,950
988,681
984,580
969,286
953,091
949,853
931,655
930,542
914,605
901,610
888,664
916,187
924,328

924,328

916,187

888,664

901,610

914,605

930,542

931,655

949,853

953,091

969,286

984,580

988,681

980,950

1,004,515

1,019,632

1,040,750

1,055,845

1,052,229

1,000,280

975,059

603,415

586,482

586,733

585,316

563,405

609,017

606,254

597,437

601,871

594,388

597,104

598,320

596,764

528,280

520,807

516,963

526,168

528,828

535,160

357,337

355,116

354,094

346,765

344,015

336,239

340,826

333,723

338,518

333,016

314,406

312,443

305,845

303,874

296,561

279,266

286,200

291,171

289,859

283,395

279,097

275,717

294,932

299,120

292,769

280,817

273,316

270,257

269,436

269,605

265,325

265,379

246,591

204,514

199,397

193,063

193,479

193,411

188,307

179,842

168,894

162,879

155,618

157,748

158,584

132,340

131,671

123,819

111,949

108,206

103,459

97,161

90,514

85,838

73,831

67,411

68,759

71,000

72,700

73,300

71,300

67,000

58,000

50,700

Property Plant Equipment

47,000
54,400
63,600
68,700
70,900
70,400
70,500
69,000
66,897
65,591
64,241
76,662
81,653
88,552
95,091
100,672
104,400
116,354
124,070
124,515
122,557
121,125
119,024
126,247
131,238
141,947
150,089
155,013
155,267
154,661
160,652
165,752
176,985
195,741
195,651
199,426
199,827
200,021
202,869
210,450
222,207
228,728
224,901
229,693
228,264
232,605
237,550
235,440
232,248
224,865
227,769
221,813
225,210
230,363
231,511
250,910
256,420
253,009
260,423
260,524
266,946
273,016
280,682
279,373
282,290
291,270
289,480
291,563
283,091
285,833
294,926
291,687
289,663
287,869
287,869
285,514
279,650
279,730
286,006
285,582
281,394
281,213
280,726
284,744
291,596
660,947
681,804
738,860
741,152
720,981
694,425
673,444
649,036
663,715
648,035
638,601
622,016
623,426
614,070
616,231
615,623
601,649
594,276
622,633
644,576

644,576

622,633

594,276

601,649

615,623

616,231

614,070

623,426

622,016

638,601

648,035

663,715

649,036

673,444

694,425

720,981

741,152

738,860

681,804

660,947

291,596

284,744

280,726

281,213

281,394

285,582

286,006

279,730

279,650

285,514

287,869

289,663

291,687

294,926

285,833

283,091

291,563

289,480

291,270

282,290

279,373

280,682

273,016

266,946

260,524

260,423

253,009

256,420

250,910

231,511

230,363

225,210

221,813

227,769

224,865

232,248

235,440

237,550

232,605

228,264

229,693

224,901

228,728

222,207

210,450

202,869

200,021

199,827

199,426

195,651

195,741

176,985

165,752

160,652

154,661

155,267

155,013

150,089

141,947

131,238

126,247

119,024

121,125

122,557

124,515

124,070

116,354

104,400

100,672

95,091

88,552

81,653

76,662

64,241

65,591

66,897

69,000

70,500

70,400

70,900

68,700

63,600

54,400

47,000

Goodwill

0
0
0
0
0
0
0
0
0
0
0
660
0
0
0
0
0
0
0
0
12,157
12,157
12,157
12,157
12,157
12,157
12,157
12,157
12,157
12,157
12,659
12,659
17,494
17,494
17,494
17,498
17,273
17,273
17,273
17,273
17,273
17,273
17,273
12,659
12,659
12,659
12,659
12,659
12,659
12,659
14,760
14,470
14,470
14,438
14,438
14,438
14,438
14,438
14,438
14,438
14,438
14,438
14,438
14,438
14,438
69,257
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
68,594
51,694
51,694
51,694
51,694
26,694

26,694

51,694

68,594

69,257

14,438

14,470

14,760

12,659

17,273

17,498

17,494

12,659

12,157

660

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
8,679
9,332
9,950
0
10,906
12,266
12,890
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

12,890

12,266

10,906

9,950

9,332

8,679

Intangible Assets

3,700
3,500
3,300
2,600
2,400
2,300
2,200
2,000
1,862
1,820
9,590
9,176
8,861
8,609
8,368
7,534
7,549
7,465
7,601
7,825
23,171
35,307
35,286
36,632
37,656
37,895
38,218
38,398
38,212
38,402
38,745
38,762
52,112
52,144
52,180
52,681
52,336
52,963
53,174
53,094
53,289
53,119
52,758
33,365
38,174
50,790
52,309
43,072
53,952
41,742
68,792
40,423
80,635
82,080
82,895
39,020
82,098
80,714
80,403
37,618
37,285
36,952
36,620
36,288
35,955
149,221
146,184
143,731
142,444
141,158
139,871
138,584
137,298
136,011
136,011
134,724
202,032
132,151
131,045
130,300
129,555
128,810
128,065
127,320
126,575
125,830
125,085
124,340
123,595
122,850
122,105
121,471
103,558
103,146
102,733
102,321
101,908
101,496
101,083
100,672
81,558
81,146
80,733
80,321
79,908

79,908

80,321

80,733

81,146

81,558

100,672

101,083

101,496

101,908

102,321

102,733

103,146

103,558

121,471

122,105

122,850

123,595

124,340

125,085

125,830

126,575

127,320

128,065

128,810

129,555

130,300

131,045

132,151

202,032

134,724

136,011

137,298

138,584

139,871

141,158

142,444

143,731

146,184

149,221

35,955

36,288

36,620

36,952

37,285

37,618

80,403

80,714

82,098

39,020

82,895

82,080

80,635

40,423

68,792

41,742

53,952

43,072

52,309

50,790

38,174

33,365

52,758

53,119

53,289

53,094

53,174

52,963

52,336

52,681

52,180

52,144

52,112

38,762

38,745

38,402

38,212

38,398

38,218

37,895

37,656

36,632

35,286

35,307

23,171

7,825

7,601

7,465

7,549

7,534

8,368

8,609

8,861

9,176

9,590

1,820

1,862

2,000

2,200

2,300

2,400

2,600

3,300

3,500

3,700

Other Assets

0
0
0
0
0
0
0
0
1,862
1,820
9,590
9,176
8,861
8,609
8,368
7,534
7,549
7,465
7,601
7,825
36,027
36,623
36,594
36,632
37,656
37,895
38,218
38,398
38,212
38,402
38,745
38,762
69,606
69,638
69,674
70,179
69,609
70,236
70,447
70,367
70,562
70,392
70,031
46,024
50,833
50,790
52,309
55,731
53,952
54,401
68,792
82,061
80,635
82,080
82,895
82,106
82,098
80,714
80,403
75,715
77,069
73,749
73,412
75,743
75,047
243,890
239,348
234,605
233,872
234,974
233,354
305,077
308,657
309,235
25,979
308,874
322,221
317,707
320,248
323,435
282,011
304,103
100,016
95,874
116,650
119,688
124,797
120,435
122,504
104,802
112,135
124,411
499,006
153,226
165,218
165,423
160,573
156,337
147,908
145,045
145,248
144,571
138,136
0
0

138,136

144,571

145,248

145,045

147,908

156,337

160,573

165,423

165,218

153,226

499,006

124,411

112,135

104,802

122,504

120,435

124,797

119,688

116,650

95,874

100,016

304,103

282,011

323,435

320,248

317,707

322,221

308,874

25,979

309,235

308,657

305,077

233,354

234,974

233,872

234,605

239,348

243,890

75,047

75,743

73,412

73,749

77,069

75,715

80,403

80,714

82,098

82,106

82,895

82,080

80,635

82,061

68,792

54,401

53,952

55,731

52,309

50,790

50,833

46,024

70,031

70,392

70,562

70,367

70,447

70,236

69,609

70,179

69,674

69,638

69,606

38,762

38,745

38,402

38,212

38,398

38,218

37,895

37,656

36,632

36,594

36,623

36,027

7,825

7,601

7,465

7,549

7,534

8,368

8,609

8,861

9,176

9,590

1,820

1,862

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
76,181
78,090
78,651
79,934
79,934
92,494
90,109
94,514
98,062
56,804
77,043
70,351
68,913
78,155
77,760
82,418
80,193
78,849
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

78,849

80,193

82,418

77,760

78,155

68,913

70,351

77,043

56,804

98,062

94,514

90,109

92,494

79,934

78,651

78,090

76,181

> Total Liabilities

171,800
129,000
198,400
120,100
97,600
126,500
198,300
120,600
96,808
113,741
206,725
126,097
110,346
142,976
224,555
121,578
109,931
111,239
152,845
120,098
105,088
126,466
159,697
142,937
112,399
158,645
186,202
169,194
156,990
166,237
214,176
227,988
165,510
199,663
240,305
196,670
153,800
205,880
209,684
196,360
150,806
186,940
216,846
204,146
139,053
181,080
203,633
215,655
188,472
231,171
303,151
292,780
231,129
296,893
300,672
307,997
221,561
327,377
300,143
292,675
208,358
317,578
314,580
352,724
274,838
407,326
435,342
436,975
314,638
467,164
455,352
430,340
306,847
469,946
469,946
401,163
432,383
296,057
439,000
442,394
560,643
497,331
592,575
617,743
678,408
893,060
1,007,253
1,003,974
1,082,144
1,054,896
969,568
929,498
1,003,800
925,096
1,001,642
1,009,042
1,077,876
969,079
995,071
1,075,349
1,115,757
941,189
915,146
903,632
1,000,403

1,000,403

903,632

915,146

941,189

1,115,757

1,075,349

995,071

969,079

1,077,876

1,009,042

1,001,642

925,096

1,003,800

929,498

969,568

1,054,896

1,082,144

1,003,974

1,007,253

893,060

678,408

617,743

592,575

497,331

560,643

442,394

439,000

296,057

432,383

401,163

469,946

306,847

430,340

455,352

467,164

314,638

436,975

435,342

407,326

274,838

352,724

314,580

317,578

208,358

292,675

300,143

327,377

221,561

307,997

300,672

296,893

231,129

292,780

303,151

231,171

188,472

215,655

203,633

181,080

139,053

204,146

216,846

186,940

150,806

196,360

209,684

205,880

153,800

196,670

240,305

199,663

165,510

227,988

214,176

166,237

156,990

169,194

186,202

158,645

112,399

142,937

159,697

126,466

105,088

120,098

152,845

111,239

109,931

121,578

224,555

142,976

110,346

126,097

206,725

113,741

96,808

120,600

198,300

126,500

97,600

120,100

198,400

129,000

171,800

> Total Current Liabilities

164,700
120,500
165,500
88,700
66,800
95,600
166,600
89,900
66,197
83,689
176,796
97,636
81,959
115,051
195,243
95,802
84,582
85,645
131,044
98,849
77,801
99,440
135,908
118,886
88,029
134,160
166,378
146,896
134,256
144,591
195,949
212,313
149,733
183,299
227,102
188,740
124,353
175,201
173,962
166,531
119,648
153,523
180,392
173,189
106,768
148,501
165,817
179,287
150,702
192,645
263,919
251,626
189,240
252,618
260,646
267,002
181,581
286,681
257,342
252,059
166,558
274,775
270,733
301,254
206,135
347,619
380,610
373,120
249,446
400,712
385,751
366,070
238,990
401,763
401,763
332,515
362,851
227,917
382,933
384,464
453,636
383,734
486,323
509,584
572,882
479,844
577,981
558,147
630,915
610,355
535,828
499,594
552,622
474,968
567,600
590,719
680,390
571,014
618,444
696,656
738,718
568,685
557,268
525,960
596,627

596,627

525,960

557,268

568,685

738,718

696,656

618,444

571,014

680,390

590,719

567,600

474,968

552,622

499,594

535,828

610,355

630,915

558,147

577,981

479,844

572,882

509,584

486,323

383,734

453,636

384,464

382,933

227,917

362,851

332,515

401,763

238,990

366,070

385,751

400,712

249,446

373,120

380,610

347,619

206,135

301,254

270,733

274,775

166,558

252,059

257,342

286,681

181,581

267,002

260,646

252,618

189,240

251,626

263,919

192,645

150,702

179,287

165,817

148,501

106,768

173,189

180,392

153,523

119,648

166,531

173,962

175,201

124,353

188,740

227,102

183,299

149,733

212,313

195,949

144,591

134,256

146,896

166,378

134,160

88,029

118,886

135,908

99,440

77,801

98,849

131,044

85,645

84,582

95,802

195,243

115,051

81,959

97,636

176,796

83,689

66,197

89,900

166,600

95,600

66,800

88,700

165,500

120,500

164,700

Short-term Debt

29,300
50,700
72,700
34,900
14,900
39,400
86,800
32,000
21,945
29,607
75,042
24,295
24,575
24,764
80,230
29,680
33,157
16,683
17,614
14,333
14,430
12,332
4,558
4,596
4,625
4,582
4,571
5,216
7,246
7,206
7,185
46,879
20,249
4,657
33,364
3,783
142
146
204
32,329
0
0
0
34,905
0
0
0
-24,666
0
0
0
-29,054
0
0
0
38,716
0
0
10,206
156
0
0
0
-44,790
0
0
2,185
-42,613
0
0
21,045
1,940
2,364
2,364
2,364
20
-86,849
0
0
0
-37,697
0
0
8,311
-55,392
59,214
60,804
62,756
64,019
238,899
73,705
73,409
65,466
81,308
71,149
67,055
67,429
68,136
65,668
70,307
68,685
69,452
69,784
72,685
71,086

71,086

72,685

69,784

69,452

68,685

70,307

65,668

68,136

67,429

67,055

71,149

81,308

65,466

73,409

73,705

238,899

64,019

62,756

60,804

59,214

-55,392

8,311

-37,697

-86,849

2,364

1,940

21,045

-42,613

2,185

-44,790

156

10,206

38,716

-29,054

-24,666

34,905

32,329

204

146

142

3,783

33,364

4,657

20,249

46,879

7,185

7,206

7,246

5,216

4,571

4,582

4,625

4,596

4,558

12,332

14,430

14,333

17,614

16,683

33,157

29,680

80,230

24,764

24,575

24,295

75,042

29,607

21,945

32,000

86,800

39,400

14,900

34,900

72,700

50,700

29,300

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
15,728
0
0
0
16,970
2,364
2,364
0
20
14,053
0
0
0
0
0
0
0
0
59,214
60,804
0
0
174,443
2,789
0
0
0
0
0
0
0
0
4,441
0
0
0
0
0

4,441

2,789

174,443

60,804

59,214

14,053

2,364

16,970

15,728

Accounts payable

34,600
56,900
54,000
37,500
39,000
42,100
42,600
36,800
27,755
37,636
55,530
45,047
36,313
71,054
53,283
32,068
31,150
45,423
47,174
49,370
37,781
61,395
51,452
62,432
40,082
88,545
71,291
78,309
69,899
88,454
99,582
91,390
57,435
115,667
72,352
88,107
55,950
120,383
79,828
95,412
53,159
91,158
84,778
104,354
48,398
93,584
79,397
102,494
79,304
120,134
141,929
130,626
92,356
159,292
141,546
148,973
90,665
196,478
109,879
142,240
75,980
185,984
141,755
173,557
104,863
239,906
218,804
214,275
144,488
286,623
170,168
217,230
113,013
274,609
332,495
136,667
215,048
95,253
264,881
190,634
252,301
167,328
290,812
237,344
274,435
186,943
309,945
201,806
255,372
150,971
255,702
164,332
206,697
165,555
267,677
241,119
283,349
262,255
312,353
336,782
322,472
220,231
247,416
162,222
235,927

235,927

162,222

247,416

220,231

322,472

336,782

312,353

262,255

283,349

241,119

267,677

165,555

206,697

164,332

255,702

150,971

255,372

201,806

309,945

186,943

274,435

237,344

290,812

167,328

252,301

190,634

264,881

95,253

215,048

136,667

332,495

274,609

113,013

217,230

170,168

286,623

144,488

214,275

218,804

239,906

104,863

173,557

141,755

185,984

75,980

142,240

109,879

196,478

90,665

148,973

141,546

159,292

92,356

130,626

141,929

120,134

79,304

102,494

79,397

93,584

48,398

104,354

84,778

91,158

53,159

95,412

79,828

120,383

55,950

88,107

72,352

115,667

57,435

91,390

99,582

88,454

69,899

78,309

71,291

88,545

40,082

62,432

51,452

61,395

37,781

49,370

47,174

45,423

31,150

32,068

53,283

71,054

36,313

45,047

55,530

37,636

27,755

36,800

42,600

42,100

39,000

37,500

54,000

56,900

34,600

Other Current Liabilities

100,800
12,900
38,800
16,300
12,900
14,100
37,200
21,100
16,497
16,446
46,224
28,294
45,332
43,644
27,258
58,959
48,656
35,608
79,372
35,146
25,590
25,713
79,898
8,069
10,475
41,033
34,762
41,181
16,246
6,370
29,323
52,370
24,531
13,187
42,077
70,110
8,164
54,672
17,441
7,621
66,489
62,365
95,614
63
58,370
54,917
86,420
69,909
71,398
72,511
121,990
104,963
96,884
93,326
119,100
26,828
90,916
90,203
123,455
58,734
90,578
88,791
128,978
120,446
101,272
107,713
140,699
144,457
104,958
114,089
164,023
70,719
125,977
121,696
0
166,496
142,158
132,664
118,052
193,830
182,228
216,406
195,511
255,682
275,684
224,385
200,816
279,932
232,675
214,044
203,827
184,798
184,333
224,674
227,209
273,590
237,491
240,623
159,160
212,668
253,399
279,002
238,988
283,799
272,058

272,058

283,799

238,988

279,002

253,399

212,668

159,160

240,623

237,491

273,590

227,209

224,674

184,333

184,798

203,827

214,044

232,675

279,932

200,816

224,385

275,684

255,682

195,511

216,406

182,228

193,830

118,052

132,664

142,158

166,496

121,696

125,977

70,719

164,023

114,089

104,958

144,457

140,699

107,713

101,272

120,446

128,978

88,791

90,578

58,734

123,455

90,203

90,916

26,828

119,100

93,326

96,884

104,963

121,990

72,511

71,398

69,909

86,420

54,917

58,370

95,614

62,365

66,489

7,621

17,441

54,672

8,164

70,110

42,077

13,187

24,531

52,370

29,323

6,370

16,246

41,181

34,762

41,033

10,475

8,069

79,898

25,713

25,590

35,146

79,372

35,608

48,656

58,959

27,258

43,644

45,332

28,294

46,224

16,446

16,497

21,100

37,200

14,100

12,900

16,300

38,800

12,900

100,800

> Long-term Liabilities

7,100
8,500
32,900
31,400
30,800
30,900
31,700
30,700
30,611
30,052
29,929
28,461
28,387
27,925
29,312
25,776
25,349
25,594
21,801
21,249
27,287
27,026
23,789
24,051
24,370
24,485
19,824
22,298
22,734
21,646
18,227
15,675
15,777
16,364
13,203
7,930
29,447
30,679
35,722
29,829
31,158
33,417
36,454
30,957
32,285
32,579
37,816
36,368
37,770
38,526
39,232
41,154
41,889
44,275
40,026
40,995
39,980
40,696
42,801
40,616
41,800
42,803
43,847
51,470
68,703
59,707
54,732
63,855
65,192
66,452
69,601
64,270
67,857
68,183
68,648
68,648
69,532
68,140
56,067
57,930
107,007
113,597
106,252
108,159
105,526
413,216
429,272
445,827
451,229
444,541
433,740
429,904
451,178
450,128
434,042
418,323
397,486
398,065
376,627
378,693
377,039
372,504
357,878
377,672
403,776

403,776

377,672

357,878

372,504

377,039

378,693

376,627

398,065

397,486

418,323

434,042

450,128

451,178

429,904

433,740

444,541

451,229

445,827

429,272

413,216

105,526

108,159

106,252

113,597

107,007

57,930

56,067

68,140

69,532

68,648

68,183

67,857

64,270

69,601

66,452

65,192

63,855

54,732

59,707

68,703

51,470

43,847

42,803

41,800

40,616

42,801

40,696

39,980

40,995

40,026

44,275

41,889

41,154

39,232

38,526

37,770

36,368

37,816

32,579

32,285

30,957

36,454

33,417

31,158

29,829

35,722

30,679

29,447

7,930

13,203

16,364

15,777

15,675

18,227

21,646

22,734

22,298

19,824

24,485

24,370

24,051

23,789

27,026

27,287

21,249

21,801

25,594

25,349

25,776

29,312

27,925

28,387

28,461

29,929

30,052

30,611

30,700

31,700

30,900

30,800

31,400

32,900

8,500

7,100

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
76,181
78,090
78,651
79,934
79,934
92,494
90,109
94,514
98,062
56,804
77,043
70,351
68,913
78,155
77,760
82,418
80,193
78,849
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

78,849

80,193

82,418

77,760

78,155

68,913

70,351

77,043

56,804

98,062

94,514

90,109

92,494

79,934

78,651

78,090

76,181

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
8,683
8,110
0
0
0
0
0
0
0
0
0
21,384
21,831
25,733
20,800
25,182
27,456
31,010
30,942
32,285
32,579
33,365
34,874
37,770
38,526
39,232
41,154
41,889
44,275
40,026
39,242
38,173
38,980
41,056
38,809
40,045
41,025
41,998
43,511
44,899
35,712
38,617
44,823
45,990
47,609
49,881
49,011
52,503
53,274
0
53,790
55,332
53,820
55,911
57,776
106,839
113,426
106,252
108,159
105,526
75,384
84,209
79,312
79,722
80,241
85,773
92,796
97,997
93,362
89,826
87,558
79,820
76,815
64,584
64,128
66,414
0
0
0
0

66,414

64,128

64,584

76,815

79,820

87,558

89,826

93,362

97,997

92,796

85,773

80,241

79,722

79,312

84,209

75,384

105,526

108,159

106,252

113,426

106,839

57,776

55,911

53,820

55,332

53,790

53,274

52,503

49,011

49,881

47,609

45,990

44,823

38,617

35,712

44,899

43,511

41,998

41,025

40,045

38,809

41,056

38,980

38,173

39,242

40,026

44,275

41,889

41,154

39,232

38,526

37,770

34,874

33,365

32,579

32,285

30,942

31,010

27,456

25,182

20,800

25,733

21,831

21,384

8,110

8,683

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
1,753
0
0
0
1,807
0
0
0
7,959
0
8,261
218
3,304
3,459
3,104
4,364
229
231
228
229
229
147
149
156
154
168
171
13
13
9,521
9,112
8,518
7,711
0
8,944
7,942
7,149
5,205
4,406
151
1
0
0
0
0
143
146
0
0
0

146

143

151

4,406

5,205

7,149

7,942

8,944

7,711

8,518

9,112

9,521

171

168

154

156

149

147

229

228

231

229

4,364

3,104

3,459

3,304

218

8,261

7,959

1,807

1,753

> Total Stockholder Equity

125,300
126,100
149,100
149,400
150,000
150,400
174,100
184,400
187,902
192,381
233,883
248,989
262,606
278,140
328,744
353,389
363,255
377,312
435,737
472,719
494,290
520,855
592,575
640,829
666,675
678,637
722,635
780,250
799,783
681,631
753,042
742,790
769,415
716,419
783,921
830,703
867,644
865,618
939,563
970,121
956,851
947,867
945,913
944,090
934,001
930,779
980,684
997,228
1,001,510
980,836
1,029,414
1,001,974
1,024,904
1,015,958
1,043,704
1,074,545
1,078,511
1,058,718
1,127,703
1,166,167
1,164,123
1,151,631
1,211,912
1,245,418
1,266,322
1,269,971
1,316,059
1,343,603
1,361,329
1,337,646
1,406,397
1,399,800
1,435,285
1,419,521
1,419,521
1,499,652
1,560,820
1,568,271
1,546,810
1,629,292
1,621,951
1,656,520
1,640,400
1,665,365
1,673,857
1,720,649
1,655,194
1,747,106
1,849,447
1,696,591
1,652,829
1,722,816
1,832,771
1,868,810
1,861,657
1,880,317
1,989,252
1,818,900
1,731,717
1,814,803
1,935,789
1,947,785
1,874,658
1,895,311
1,938,610

1,938,610

1,895,311

1,874,658

1,947,785

1,935,789

1,814,803

1,731,717

1,818,900

1,989,252

1,880,317

1,861,657

1,868,810

1,832,771

1,722,816

1,652,829

1,696,591

1,849,447

1,747,106

1,655,194

1,720,649

1,673,857

1,665,365

1,640,400

1,656,520

1,621,951

1,629,292

1,546,810

1,568,271

1,560,820

1,499,652

1,419,521

1,435,285

1,399,800

1,406,397

1,337,646

1,361,329

1,343,603

1,316,059

1,269,971

1,266,322

1,245,418

1,211,912

1,151,631

1,164,123

1,166,167

1,127,703

1,058,718

1,078,511

1,074,545

1,043,704

1,015,958

1,024,904

1,001,974

1,029,414

980,836

1,001,510

997,228

980,684

930,779

934,001

944,090

945,913

947,867

956,851

970,121

939,563

865,618

867,644

830,703

783,921

716,419

769,415

742,790

753,042

681,631

799,783

780,250

722,635

678,637

666,675

640,829

592,575

520,855

494,290

472,719

435,737

377,312

363,255

353,389

328,744

278,140

262,606

248,989

233,883

192,381

187,902

184,400

174,100

150,400

150,000

149,400

149,100

126,100

125,300

Common Stock

0
0
0
0
0
0
125,500
126,300
126,567
127,367
131,334
133,736
138,666
147,277
148,046
149,473
150,311
152,900
155,178
159,996
161,614
170,906
174,210
182,188
187,993
191,462
160,292
164,317
166,617
52,209
55,265
13,104
18,279
0
-111,460
24,370
38,718
27,128
29,241
17,004
1,912
3,841
440
1,481
2,409
3,838
623
836
2,404
6,712
1,426
5,052
11,565
17,801
1,035
3,037
7,795
10,381
17,482
24,814
31,407
38,972
44,371
52,325
65,887
77,793
79,029
72,700
87,567
80,346
86,869
34,776
40,510
44,525
49,091
49,091
53,801
28,020
31,045
39,007
45,829
36,190
23,162
210
1,673,857
94
100
1,747,106
4,937
565
5,396
13,142
20,165
22,230
1,861,657
1,880,317
1,989,252
1,818,900
1,731,717
5,803
12,692
1,076
0
0
0

1,076

12,692

5,803

1,731,717

1,818,900

1,989,252

1,880,317

1,861,657

22,230

20,165

13,142

5,396

565

4,937

1,747,106

100

1,673,857

210

23,162

36,190

45,829

39,007

31,045

28,020

53,801

49,091

44,525

40,510

34,776

86,869

80,346

87,567

72,700

79,029

77,793

65,887

52,325

44,371

38,972

31,407

24,814

17,482

10,381

7,795

3,037

1,035

17,801

11,565

5,052

1,426

6,712

2,404

836

623

3,838

2,409

1,481

440

3,841

1,912

17,004

29,241

27,128

38,718

24,370

-111,460

18,279

13,104

55,265

52,209

166,617

164,317

160,292

191,462

187,993

182,188

174,210

170,906

161,614

159,996

155,178

152,900

150,311

149,473

148,046

147,277

138,666

133,736

131,334

127,367

126,567

126,300

125,500

Retained Earnings

8,900
9,500
32,300
32,300
32,500
32,300
56,200
65,300
68,562
72,180
110,398
123,901
132,509
138,939
188,515
212,725
221,688
229,224
286,106
315,243
330,162
339,605
403,177
435,364
455,326
466,058
534,631
573,988
595,325
601,638
668,094
704,724
724,191
684,244
752,042
771,939
792,950
797,932
855,485
895,476
886,663
877,136
900,297
909,443
910,922
895,621
936,944
952,948
954,151
937,461
981,230
950,207
956,215
935,182
995,281
1,024,611
1,021,090
1,005,759
1,062,674
1,094,690
1,097,271
1,082,634
1,129,636
1,157,733
1,170,226
1,154,103
1,209,934
1,255,070
1,270,984
1,253,883
1,334,390
1,385,860
1,405,789
1,385,769
1,385,769
1,457,495
1,529,636
1,553,143
1,529,061
1,604,214
1,585,009
1,629,279
1,623,612
1,669,390
1,677,920
1,723,873
1,656,392
1,754,379
1,848,935
1,704,000
1,653,293
1,716,044
1,811,800
1,850,415
1,863,813
1,883,343
1,993,628
1,828,074
1,753,450
1,846,570
1,953,734
1,981,287
1,915,990
1,942,709
1,984,446

1,984,446

1,942,709

1,915,990

1,981,287

1,953,734

1,846,570

1,753,450

1,828,074

1,993,628

1,883,343

1,863,813

1,850,415

1,811,800

1,716,044

1,653,293

1,704,000

1,848,935

1,754,379

1,656,392

1,723,873

1,677,920

1,669,390

1,623,612

1,629,279

1,585,009

1,604,214

1,529,061

1,553,143

1,529,636

1,457,495

1,385,769

1,405,789

1,385,860

1,334,390

1,253,883

1,270,984

1,255,070

1,209,934

1,154,103

1,170,226

1,157,733

1,129,636

1,082,634

1,097,271

1,094,690

1,062,674

1,005,759

1,021,090

1,024,611

995,281

935,182

956,215

950,207

981,230

937,461

954,151

952,948

936,944

895,621

910,922

909,443

900,297

877,136

886,663

895,476

855,485

797,932

792,950

771,939

752,042

684,244

724,191

704,724

668,094

601,638

595,325

573,988

534,631

466,058

455,326

435,364

403,177

339,605

330,162

315,243

286,106

229,224

221,688

212,725

188,515

138,939

132,509

123,901

110,398

72,180

68,562

65,300

56,200

32,300

32,500

32,300

9,500

8,900

Accumulated Other Comprehensive Income

-22,200
-22,200
-22,200
-22,200
-22,200
-22,200
-7,600
-7,200
-7,227
-7,166
-7,849
-8,648
-8,569
-8,076
-7,817
-8,809
-8,744
-4,812
-5,547
-2,520
2,514
10,344
15,188
23,277
23,356
21,117
27,712
41,945
37,841
27,784
29,683
24,962
26,945
32,175
31,879
34,394
35,976
40,558
54,837
57,641
68,276
66,890
45,176
33,166
20,670
31,320
43,117
43,444
44,955
36,663
46,758
46,715
57,124
62,975
47,388
46,897
49,626
42,578
47,547
46,663
35,445
30,025
37,905
35,360
30,209
38,075
27,096
15,833
2,778
3,417
-14,862
-20,836
-11,014
-10,773
-10,773
-6,934
-22,617
-12,892
-13,296
-13,929
-8,887
-8,949
-6,374
-4,235
-4,063
-3,318
-1,298
-7,273
-4,425
-7,974
-5,860
-6,370
806
-3,835
-2,156
-3,026
-4,376
-9,174
-21,733
-37,570
-30,637
-34,578
-41,332
-47,398
-45,836

-45,836

-47,398

-41,332

-34,578

-30,637

-37,570

-21,733

-9,174

-4,376

-3,026

-2,156

-3,835

806

-6,370

-5,860

-7,974

-4,425

-7,273

-1,298

-3,318

-4,063

-4,235

-6,374

-8,949

-8,887

-13,929

-13,296

-12,892

-22,617

-6,934

-10,773

-11,014

-20,836

-14,862

3,417

2,778

15,833

27,096

38,075

30,209

35,360

37,905

30,025

35,445

46,663

47,547

42,578

49,626

46,897

47,388

62,975

57,124

46,715

46,758

36,663

44,955

43,444

43,117

31,320

20,670

33,166

45,176

66,890

68,276

57,641

54,837

40,558

35,976

34,394

31,879

32,175

26,945

24,962

29,683

27,784

37,841

41,945

27,712

21,117

23,356

23,277

15,188

10,344

2,514

-2,520

-5,547

-4,812

-8,744

-8,809

-7,817

-8,076

-8,569

-8,648

-7,849

-7,166

-7,227

-7,200

-7,600

-22,200

Capital Surplus

Treasury Stock

Other Stockholders Equity

138,600
138,800
139,000
139,300
139,700
140,300
14,600
31,000
30,973
31,034
30,351
39,674
39,753
40,246
40,505
46,556
46,621
50,553
49,818
0
0
0
0
23,277
0
0
0
41,945
0
0
0
24,962
0
175
111,460
24,370
38,718
27,128
29,241
17,004
1,912
3,841
440
1,481
2,409
3,838
623
836
2,404
6,712
1,426
5,052
11,565
17,801
1,035
3,037
7,795
10,381
17,482
46,663
35,445
30,025
37,905
35,360
30,209
38,075
27,096
15,833
2,778
3,417
-14,862
-20,836
-11,014
-10,773
-6,934
-6,934
-22,617
-12,892
-13,296
-13,929
-8,887
-8,949
-6,374
-4,235
16,393
-3,318
-1,298
-7,273
-4,425
-7,974
-5,860
-6,370
806
-3,835
2,863,299
2,889,359
-240,903
1,795,444
-21,733
-37,570
-30,637
1,947,785
1,874,658
1,895,311
176,668

176,668

1,895,311

1,874,658

1,947,785

-30,637

-37,570

-21,733

1,795,444

-240,903

2,889,359

2,863,299

-3,835

806

-6,370

-5,860

-7,974

-4,425

-7,273

-1,298

-3,318

16,393

-4,235

-6,374

-8,949

-8,887

-13,929

-13,296

-12,892

-22,617

-6,934

-10,773

-11,014

-20,836

-14,862

3,417

2,778

15,833

27,096

38,075

30,209

35,360

37,905

30,025

35,445

46,663

17,482

10,381

7,795

3,037

1,035

17,801

11,565

5,052

1,426

6,712

2,404

836

623

3,838

2,409

1,481

440

3,841

1,912

17,004

29,241

27,128

38,718

24,370

111,460

175

24,962

41,945

23,277

49,818

50,553

46,621

46,556

40,505

40,246

39,753

39,674

30,351

31,034

30,973

31,000

14,600

140,300

139,700

139,300

139,000

138,800

138,600

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31
Accounts Payable	235,927	322,472	283,349	206,697	255,372	274,435	252,301	215,048	217,230	214,275	173,557	142,240	148,973	130,626	102,494	104,354	95,412	88,107	91,390	78,309	62,432	49,370	32,068	45,047	36,800	37,500	21,800
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-45,836	-30,637	-4,376	806	-4,425	-4,063	-8,887	-22,617	-20,836	15,833	35,360	46,663	46,897	46,715	43,444	33,166	57,641	34,394	24,962	41,945	23,277	-2,520	-8,809	-8,648	-7,200	-22,200	-22,200
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
Capital Lease Obligations	407,858	379,310	385,095	418,647	435,526	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	0	12,692	0	20,165	4,937	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	0	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	350,319	430,241	763,404	790,725	686,009	437,825	673,166	551,389	369,770	413,558	437,489	290,781	241,034	234,257	386,664	230,617	191,950	64,880	101,091	130,023	264,585	194,670	79,082	35,464	14,600	6,800	4,000
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
Cash And Short Term Investments	764,504	430,963	894,549	791,949	687,677	700,627	768,149	551,861	370,399	440,825	529,244	335,442	243,912	303,069	409,423	253,050	273,548	220,050	260,166	290,228	264,585	194,670	79,082	35,464	14,600	6,800	4,000
Common Stock	0	12,692	1,989,252	20,165	4,937	1,673,857	45,829	53,801	34,776	72,700	52,325	24,814	3,037	5,052	836	1,481	17,004	24,370	13,104	164,317	182,188	159,996	149,473	133,736	126,300	0	0
Common Stock Shares Outstanding	61,424	62,970	66,415	66,772	68,493	70,401	70,453	70,632	71,064	70,681	69,434	68,264	68,408	68,184	67,962	69,422	72,868	73,288	77,886	81,624	81,182	80,126	79,680	79,216	76,824	72,174	57,204
Common Stock Total Equity	0	12,692	0	20,165	4,937	0	45,829	53,801	34,776	72,700	52,325	24,814	3,037	0	0	0	0	0	13,104	164,317	182,188	159,996	149,473	133,736	126,300	0	0
Current Deferred Revenue	17,556	94,162	0	96,126	0	0	0	0	5,038	0	0	4,406	0	0	0	0	0	65,327	50,934	51,552	43,789	0	-24,905	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	78,849	78,155	56,804	92,494	76,181	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	143	0	5,205	0	9,521	168	147	229	3,304	0	1,807	1,753	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	26,694	51,694	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	14,438	14,438	14,438	14,470	12,659	12,659	17,273	17,498	12,659	12,157	12,157	0	0	660	0	0	0
Intangible Assets	79,908	81,558	101,908	103,558	123,595	126,575	129,555	202,032	138,584	143,731	36,288	37,618	82,106	82,061	55,731	33,365	53,094	52,681	38,762	38,398	36,632	7,825	7,534	9,176	2,000	2,600	8,400
Inventory	746,288	1,028,545	645,379	556,530	605,968	521,827	457,927	487,997	473,637	384,650	329,228	363,325	365,199	314,298	222,161	256,312	265,874	212,323	185,870	165,426	126,808	94,862	114,889	105,288	86,500	74,100	48,300
Liabilities And Stockholders Equity	2,939,013	3,051,546	3,067,128	2,836,571	2,931,591	2,368,721	2,212,902	2,013,894	1,846,153	1,792,209	1,605,588	1,458,842	1,382,542	1,294,754	1,212,883	1,148,236	1,166,481	1,027,373	970,778	949,444	783,766	592,817	474,967	375,086	305,000	269,500	174,500
Long Term Debt	0	0	0	0	0	0	0	14,053	15,030	15,728	0	0	0	0	0	15	61	136	7,414	12,636	16,335	20,636	25,047	26,000	0	0	0
Long Term Debt Total	0	0	0	0	0	0	0	14,053	15,030	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	57,539	-50,931	-378,309	-372,078	-250,483	-437,825	-673,166	-537,336	-352,800	-397,830	-437,489	-290,625	-200,039	-234,257	-386,664	-230,617	-191,950	-60,961	-46,798	-112,171	-243,654	-159,701	-24,355	14,831	44,100	55,400	19,400
Net Invested Capital	1,938,610	1,935,789	1,989,252	1,832,771	1,849,447	1,673,857	1,621,951	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	423,079	547,561	487,803	452,945	488,233	449,382	364,862	333,678	371,953	344,390	306,878	334,324	351,538	300,181	226,548	299,585	300,506	285,942	287,403	267,653	206,024	154,099	155,252	129,539	118,700	106,000	76,100
Net Tangible Assets	0	1,935,789	1,818,750	1,660,619	1,657,258	1,478,688	1,423,802	1,358,788	1,192,622	1,131,278	0	1,114,111	1,021,087	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1,418,058	1,398,223	1,433,647	1,302,999	1,244,831	1,192,424	1,195,861	1,049,172	883,319	892,921	949,218	870,544	782,524	739,254	742,425	699,330	719,133	569,028	553,951	609,137	502,001	361,628	270,959	191,612	144,100	109,500	69,700
Non Current Assets Total	924,328	914,605	953,091	980,950	1,055,845	603,415	563,405	601,871	596,764	526,168	355,116	336,239	333,016	303,874	291,171	275,717	280,817	269,605	204,514	193,411	162,879	132,340	108,206	85,838	71,000	71,300	43,700
Non Current Liabilities Other	41,250	33,020	35,279	445,973	73,361	96,005	106,839	69,385	64,041	60,551	0	38,809	39,242	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	403,776	377,039	397,486	451,178	451,229	105,526	107,007	69,532	64,270	63,855	51,470	40,616	40,995	41,153	36,368	30,957	29,829	7,930	15,675	22,298	24,051	21,249	25,776	28,461	30,700	31,400	2,900
Non Currrent Assets Other	66,615	64,415	58,310	62,510	39,496	38,495	27,058	27,695	21,718	22,280	25,017	23,659	28,648	27,168	-31,550	-33,867	-31,169	-26,740	-21,674	-22,190	-17,442	-10,840	-13,691	0	0	0	100
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	16,456	30,308	20,691	16,013	11,631	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	145,248	160,573	499,006	122,504	116,650	83,862	120,189	97,899	22,280	25,017	23,659	28,648	27,168	15,945	6,129	5,276	4,688	3,063	3,217	1,367	854	563	9,176	0	0	0
Other Current Assets	80,814	129,872	86,306	54,197	93,868	93,470	58,559	38,487	33,400	96,176	85,122	89,512	88,877	73,332	31,550	63,572	45,736	39,453	32,825	32,726	23,470	16,846	17,538	18,957	14,200	11,300	2,400
Other Current Liab	272,058	253,399	329,612	280,459	311,524	298,447	201,335	147,803	141,862	158,845	127,697	105,257	118,029	121,000	76,793	68,835	71,119	31,523	23,110	11,819	8,069	35,146	58,959	28,294	21,100	16,300	18,700
Other Liab	0	66,414	79,820	97,997	79,722	105,526	107,007	55,479	49,240	44,823	43,511	38,809	39,242	41,154	34,874	30,942	20,800	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	176,668	-30,637	-240,903	806	-4,425	16,393	30,421	-22,617	-20,836	15,833	0	46,663	3,037	1	836	1,481	17,004	24,370	0	0	0	0	46,556	39,674	31,000	139,300	30,900
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	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	1,316,506	291,214	291,088	649,036	741,152	291,596	281,394	279,650	291,687	291,563	279,373	260,524	250,910	221,813	235,440	229,693	210,450	199,426	165,752	155,013	126,247	124,515	100,672	76,662	69,000	68,700	35,200
Property Plant And Equipment Net	644,576	615,623	622,016	649,036	741,152	291,596	281,394	279,650	291,687	291,563	279,373	260,524	250,910	221,813	235,440	229,693	210,450	199,426	165,752	155,013	126,247	124,515	100,672	76,662	69,000	68,700	35,200
Property Plant Equipment	0	291,214	622,016	309,792	346,651	291,596	281,394	279,650	291,687	291,563	279,373	260,524	250,910	221,813	235,440	229,693	210,450	199,426	165,752	155,013	126,247	124,515	100,672	76,662	0	0	0
Retained Earnings	1,984,446	1,953,734	1,993,628	1,811,800	1,848,935	1,677,920	1,585,009	1,529,636	1,385,860	1,255,070	1,157,733	1,094,690	1,024,611	950,207	952,948	909,443	895,476	771,939	704,724	573,988	435,364	315,243	212,725	123,901	65,300	32,300	101,800
Retained Earnings Total Equity	0	1,953,734	1,993,628	1,811,800	1,848,935	1,677,920	1,585,009	1,529,636	1,385,860	1,255,070	0	1,094,690	1,024,611	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	14,053	16,970	15,728	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	407,858	379,310	385,095	418,647	435,526	0	0	14,053	16,970	15,728	0	156	40,995	0	0	0	0	3,919	54,293	17,852	20,931	34,969	54,727	50,295	58,700	62,200	23,400
Short Term Debt	71,086	68,685	67,429	65,466	64,019	0	0	14,053	1,940	15,728	0	156	0	0	0	0	0	3,783	46,879	5,216	4,596	14,333	29,680	24,295	32,000	34,900	20,600
Short Term Investments	414,185	722	131,145	1,224	1,668	262,802	94,983	472	629	27,267	91,755	44,661	2,878	68,812	22,759	22,433	81,598	155,170	159,075	160,205	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
Total Assets	2,939,013	3,051,546	3,067,128	2,836,571	2,931,591	2,368,721	2,212,902	2,013,894	1,846,153	1,792,209	1,605,588	1,458,842	1,382,542	1,294,754	1,212,883	1,148,236	1,166,481	1,027,373	970,778	949,444	783,766	592,817	474,967	375,086	305,000	269,500	174,500
Total Current Assets	2,014,685	2,136,941	2,114,037	1,855,621	1,875,746	1,765,306	1,649,497	1,412,023	1,249,389	1,266,041	1,250,472	1,122,603	1,049,526	990,880	921,712	872,519	885,664	757,768	766,264	756,033	620,887	460,477	366,761	289,248	234,000	198,200	130,800
Total Current Liabilities	596,627	738,718	680,390	552,622	630,915	572,882	453,636	362,851	366,070	373,120	301,254	252,059	267,002	251,626	179,287	173,189	166,531	188,740	212,313	146,896	118,886	98,849	95,802	97,636	89,900	88,700	61,100
Total Liab	1,000,403	1,115,757	1,077,876	1,003,800	1,082,144	678,408	560,643	432,383	430,340	436,975	352,724	292,675	307,997	292,779	215,655	204,146	196,360	196,670	227,988	169,194	142,937	120,098	121,578	126,097	120,600	120,100	64,000
Total Permanent Equity	0	0	0	0	0	0	1,652,259	1,581,511	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	1,938,610	1,935,789	1,989,252	1,832,771	1,849,447	1,673,857	1,621,951	1,560,820	1,399,800	1,343,603	1,245,418	1,166,167	1,074,545	1,001,975	997,228	944,090	970,121	830,703	742,790	780,250	640,829	472,719	353,389	248,989	184,400	149,400	110,500
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-08-04	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
Accounts Payable	235,927	162,222	247,416	220,231	322,472	336,782	312,353	262,255	283,349	241,119	267,677	165,555	206,697	164,332	255,702	150,971	255,372	201,806	309,945	186,943	274,435	237,344	290,812	167,328	252,301	190,634	264,881	95,253	215,048	136,667	332,495	274,609	113,013	217,230	170,168	286,623	144,488	214,275	218,804	239,906	104,863	173,557	141,755	185,984	75,980	142,240	109,879	196,478	90,665	148,973	141,546	159,292	92,356	130,626	141,929	120,134	79,304	102,494	79,397	93,584	48,398	104,354	84,778	91,158	53,159	95,412	79,828	120,383	55,950	88,107	72,352	115,667	57,435	91,390	99,582	88,454	69,899	78,309	71,291	88,545	40,082	62,432	51,452	61,395	37,781	49,370	47,174	45,423	31,150	32,068	53,283	71,054	36,313	45,047	55,530	37,636	27,755	36,800	42,600	42,100	39,000	37,500	54,000	56,900	34,600
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
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
Accumulated Other Comprehensive Income	-45,836	-47,398	-41,332	-34,578	-30,637	-37,570	-21,733	-9,174	-4,376	-3,026	-2,156	-3,835	806	-6,370	-5,860	-7,974	-4,425	-7,273	-1,298	-3,318	-4,063	-4,235	-6,374	-8,949	-8,887	-13,929	-13,296	-12,892	-22,617	-6,934	-10,773	-10,773	-11,014	-20,836	-14,862	3,417	2,778	15,833	27,096	38,075	30,209	35,360	37,905	30,025	35,445	46,663	47,547	42,578	49,626	46,897	47,388	62,975	57,124	46,715	46,758	36,663	44,955	43,444	43,117	31,320	20,670	33,166	45,176	66,890	68,276	57,641	54,837	40,558	35,976	34,394	31,879	32,175	26,945	24,962	29,683	27,784	37,841	41,945	27,712	21,117	23,356	23,277	15,188	10,344	2,514	-2,520	-5,547	-4,812	-8,744	-8,809	-7,817	-8,076	-8,569	-8,648	-7,849	-7,166	-7,227	-7,200	-7,600	-22,200	-22,200	-22,200	-22,200	-22,200	-22,200
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
Capital Lease Obligations	407,858	396,193	367,846	373,023	379,310	380,431	377,711	389,386	385,095	397,820	415,365	438,074	418,647	410,517	418,883	428,756	435,526	429,271	405,867	397,046	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	1,076	12,692	5,803	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	350,319	213,282	231,571	361,049	430,241	159,221	413,110	435,240	763,404	599,479	819,806	873,641	790,725	313,429	474,793	671,108	686,009	239,311	386,150	430,447	437,825	182,175	510,656	717,216	673,166	411,805	620,639	556,006	551,389	219,189	415,944	415,944	430,000	369,770	173,410	371,062	401,604	413,558	185,247	367,165	528,038	437,489	274,160	340,428	303,654	290,781	94,164	193,245	240,725	241,034	87,942	207,429	234,982	234,257	173,937	346,643	365,948	386,664	192,879	315,266	272,112	230,617	142,955	324,885	276,245	191,950	48,914	107,948	79,266	64,880	28,998	47,626	57,197	101,091	120,196	174,869	157,283	130,023	123,344	284,655	288,059	264,585	85,882	158,817	179,197	194,670	38,434	71,569	123,910	79,082	9,968	20,938	40,479	35,464	10,652	12,851	27,828	14,600	8,600	4,600	9,100	6,800	9,700	5,200	6,300
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
Cash And Short Term Investments	764,504	214,756	302,796	460,560	430,963	160,193	414,218	610,264	894,549	600,611	820,944	874,561	791,949	314,524	475,768	706,936	687,677	240,788	524,348	703,050	700,627	451,488	774,670	808,194	768,149	430,274	622,230	590,476	551,861	219,656	219,656	428,803	451,227	370,399	174,039	417,490	454,542	440,825	185,784	394,403	567,575	529,244	303,209	430,609	374,642	335,442	96,292	228,511	252,753	243,912	90,365	298,271	335,313	303,069	236,294	398,329	415,806	409,423	210,516	317,660	299,817	253,050	145,271	327,431	278,058	273,548	115,821	264,495	268,626	220,050	70,578	173,795	239,032	260,166	148,296	242,879	338,333	290,228	123,344	284,655	288,059	264,585	85,882	158,817	179,197	194,670	38,434	71,569	123,910	79,082	9,968	20,938	40,479	35,464	10,652	12,851	27,828	14,600	8,600	4,600	9,100	6,800	9,700	5,200	6,300
Common Stock	0	0	0	1,076	12,692	5,803	1,731,717	1,818,900	1,989,252	1,880,317	1,861,657	22,230	20,165	13,142	5,396	565	4,937	1,747,106	100	94	1,673,857	210	23,162	36,190	45,829	39,007	31,045	28,020	53,801	49,091	49,091	44,525	40,510	34,776	86,869	80,346	87,567	72,700	79,029	77,793	65,887	52,325	44,371	38,972	31,407	24,814	17,482	10,381	7,795	3,037	1,035	17,801	11,565	5,052	1,426	6,712	2,404	836	623	3,838	2,409	1,481	440	3,841	1,912	17,004	29,241	27,128	38,718	24,370	-111,460	0	18,279	13,104	55,265	52,209	166,617	164,317	160,292	191,462	187,993	182,188	174,210	170,906	161,614	159,996	155,178	152,900	150,311	149,473	148,046	147,277	138,666	133,736	131,334	127,367	126,567	126,300	125,500	0	0	0	0	0	0
Common Stock Shares Outstanding	60,345	60,932	61,781	62,417	62,311	62,210	62,695	64,591	65,617	66,266	66,787	66,885	66,642	66,537	66,135	67,412	68,086	68,180	68,560	69,052	69,516	70,357	70,748	70,843	69,940	70,389	69,672	70,414	70,725	70,630	0	69,694	70,455	70,616	71,239	70,339	71,010	70,592	70,818	69,916	70,390	69,864	69,506	68,706	68,898	68,614	68,310	67,560	67,906	67,410	68,354	67,912	68,576	67,598	68,092	67,600	67,980	67,466	67,986	67,808	67,936	67,746	69,036	69,634	71,026	70,718	72,890	73,096	73,110	72,362	72,118	73,930	74,678	73,800	76,276	78,658	81,318	80,286	81,790	82,296	81,992	80,636	81,562	81,288	80,798	79,536	80,302	80,254	80,020	78,604	80,186	80,148	79,590	77,394	79,641	78,378	77,340	76,119	77,058	59,970	59,970	59,970	76,295	89,955	57,244
Common Stock Total Equity	0	0	0	1,076	12,692	5,803	0	0	0	0	0	22,230	20,165	13,142	5,396	565	4,937	0	100	94	0	210	23,162	36,190	45,829	39,007	31,045	28,020	53,801	49,091	44,525	44,525	40,510	34,776	86,869	80,346	87,567	72,700	79,029	77,793	65,887	52,325	44,371	38,972	31,407	24,814	17,482	10,381	7,795	3,037	1,035	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	18,279	13,104	55,265	52,209	166,617	164,317	160,292	191,462	187,993	182,188	174,210	170,906	161,614	159,996	155,178	152,900	150,311	149,473	148,046	147,277	138,666	133,736	131,334	127,367	126,567	126,300	125,500	0	0	0	0	0	0
Current Deferred Revenue	17,556	7,254	1,080	0	94,162	76,899	81,263	0	92,121	8,955	1,565	3,431	96,126	77,055	2,594	6,441	78,849	13,653	6,416	9,302	78,155	8,247	0	0	56,804	0	0	0	92,494	29,332	0	3,094	0	76,181	30,515	0	0	57,001	18,922	0	0	52,041	0	0	0	50,929	13,802	0	0	52,485	0	0	0	45,091	0	0	0	31,550	0	0	0	33,867	0	0	0	31,169	76,489	0	60,097	26,740	79,309	49,788	47,518	21,674	59,859	42,561	40,865	22,190	55,754	0	32,847	43,789	0	0	0	0	-13,116	-12,069	-28,381	-24,905	34,472	-24,411	-24,261	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	78,849	80,193	82,418	77,760	78,155	68,913	70,351	77,043	56,804	98,062	94,514	90,109	92,494	79,934	79,934	78,651	78,090	76,181	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	146	143	0	0	0	0	1	151	4,406	5,205	7,149	7,942	8,944	0	7,711	8,518	9,112	9,521	13	13	171	168	154	156	149	147	229	229	228	231	229	4,364	3,104	3,459	3,304	218	8,261	0	7,959	0	0	0	1,807	0	0	0	1,753	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Good Will	26,694	51,694	51,694	51,694	51,694	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	68,594	69,257	14,438	14,438	14,438	14,438	14,438	14,438	14,438	14,438	14,438	14,438	14,438	14,438	14,470	14,470	14,760	12,659	12,659	12,659	12,659	12,659	12,659	12,659	17,273	17,273	17,273	17,273	17,273	17,273	17,273	17,498	17,494	17,494	17,494	12,659	12,659	12,157	12,157	12,157	12,157	12,157	12,157	12,157	12,157	12,157	12,157	0	0	0	0	0	0	0	0	660	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	79,908	80,321	80,733	81,146	81,558	100,672	101,083	101,496	101,908	102,321	102,733	103,146	103,558	121,471	122,105	122,850	123,595	124,340	125,085	125,830	126,575	127,320	128,065	128,810	129,555	130,300	131,045	132,151	202,032	134,724	136,011	136,011	137,298	138,584	139,871	141,158	142,444	143,731	146,184	149,221	35,955	36,288	36,620	36,952	37,285	37,618	80,403	80,714	82,098	39,020	82,895	82,080	80,635	40,423	68,792	41,742	53,952	43,072	52,309	50,790	38,174	33,365	52,758	53,119	53,289	53,094	53,174	52,963	52,336	52,681	52,180	52,144	52,112	38,762	38,745	38,402	38,212	38,398	38,218	37,895	37,656	36,632	35,286	35,307	23,171	7,825	7,601	7,465	7,549	7,534	8,368	8,609	8,861	9,176	9,590	1,820	1,862	2,000	2,200	2,300	2,400	2,600	3,300	3,500	3,700
Inventory	746,288	885,163	1,162,519	959,234	1,028,545	1,056,905	962,875	714,415	645,379	720,865	676,009	525,704	556,530	771,724	806,887	577,124	605,968	717,396	756,378	520,614	521,827	617,194	570,473	405,971	457,927	558,558	559,544	398,842	487,997	588,021	653,636	653,636	412,228	473,637	546,685	581,031	363,656	384,650	494,795	456,448	290,196	329,228	410,111	423,765	325,241	363,325	475,733	523,078	366,564	365,199	432,104	422,004	303,086	314,298	358,210	310,520	222,704	222,161	301,477	293,407	223,701	256,312	301,378	272,851	238,086	265,874	320,593	309,722	209,712	212,323	272,113	272,248	194,599	185,870	223,048	215,937	164,793	165,426	194,381	209,388	128,077	126,808	166,072	181,646	115,759	94,862	133,645	170,695	114,342	114,889	161,154	186,944	127,717	105,288	120,837	132,121	91,636	86,500	97,200	108,000	72,700	74,100	86,600	108,800	65,400
Liabilities And Stockholders Equity	2,939,013	2,798,943	2,789,804	2,888,974	3,051,546	2,890,152	2,726,788	2,787,979	3,067,128	2,889,359	2,863,299	2,793,906	2,836,571	2,652,314	2,622,397	2,751,487	2,931,591	2,751,080	2,662,447	2,613,709	2,368,721	2,299,339	2,246,950	2,188,684	2,212,902	2,100,814	2,011,200	1,888,074	2,013,894	1,921,815	1,921,815	1,907,554	1,760,762	1,846,153	1,876,876	1,818,656	1,689,073	1,792,209	1,761,877	1,685,291	1,549,529	1,605,588	1,534,302	1,477,034	1,372,481	1,458,842	1,427,846	1,386,095	1,300,072	1,382,542	1,344,376	1,312,851	1,256,033	1,294,754	1,332,565	1,212,007	1,189,982	1,212,883	1,184,317	1,111,859	1,073,054	1,148,236	1,162,759	1,134,807	1,107,657	1,166,481	1,149,247	1,071,498	1,021,444	1,027,373	1,024,226	916,082	934,925	970,778	967,218	847,868	956,773	949,444	908,837	837,282	779,074	783,766	752,272	647,321	599,378	592,817	588,582	488,551	473,186	474,967	553,299	421,116	372,952	375,086	440,608	306,122	284,710	305,000	372,400	276,900	247,600	269,500	347,500	255,100	297,100
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	345,063	337,832	0	0	0	0	0	0	0	14,171	14,053	14,629	0	14,681	15,123	15,030	15,356	15,739	15,743	15,728	15,897	15,734	15,699	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	15	0	0	0	61	78	62	99	136	3,743	7,350	7,382	7,414	7,445	11,997	13,071	12,636	11,714	15,802	15,867	16,335	16,259	20,154	20,183	20,636	20,568	24,648	24,507	25,047	25,483	25,463	25,919	26,000	26,080	26,189	26,599	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
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12,890	12,266	10,906	0	9,950	9,332	8,679	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	57,539	182,911	136,275	11,974	-50,931	225,651	-35,399	-45,854	-378,309	-201,659	-404,441	-435,567	-372,078	97,088	-53,121	-67,909	-250,483	189,960	19,717	-33,401	-437,825	-173,864	-510,656	-717,216	-673,166	-411,805	-620,639	-541,835	-537,336	-204,540	0	-398,899	-414,877	-352,800	-137,009	-355,323	-385,861	-397,830	-167,165	-351,431	-512,339	-437,489	-274,160	-340,428	-303,654	-290,625	-41,157	-152,549	-240,725	-241,034	-47,916	-163,154	-234,982	-234,257	-173,937	-346,643	-365,948	-386,664	-192,879	-315,266	-272,112	-230,617	-142,955	-324,885	-276,245	-191,950	-22,899	-85,909	-79,124	-60,961	8,109	-35,619	-29,566	-46,798	-105,566	-155,666	-136,966	-112,171	-107,059	-264,271	-267,567	-243,654	-65,065	-126,331	-144,584	-159,701	-252	-30,238	-66,246	-24,355	95,745	29,289	10,015	14,831	90,470	42,945	20,716	44,100	104,900	61,600	33,000	55,400	90,300	48,200	25,800
Net Invested Capital	1,938,610	1,895,311	1,874,658	1,947,785	1,935,789	4,441	1,731,717	1,818,900	1,989,252	1,880,317	1,861,657	1,868,810	1,832,771	1,722,816	1,655,618	1,871,034	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	423,079	686,821	343,835	466,690	547,561	600,457	296,636	408,186	487,803	500,451	279,763	338,787	452,945	479,376	217,536	312,951	488,233	646,414	280,641	341,136	449,382	552,442	238,675	316,415	364,862	466,852	181,119	260,456	333,678	486,236	486,236	192,354	268,871	371,953	529,844	198,296	251,702	344,390	458,844	204,527	249,115	306,878	378,032	180,937	238,325	334,324	422,756	203,157	253,297	351,538	417,976	174,822	218,895	300,181	364,015	145,463	198,194	226,548	319,548	146,789	213,486	299,585	366,219	172,633	246,165	300,506	393,643	184,204	234,278	285,942	374,451	165,350	218,986	287,403	365,058	165,252	229,424	267,653	374,696	138,517	169,972	206,024	321,169	128,244	130,156	154,099	268,428	103,144	104,964	155,252	260,707	97,843	97,174	129,539	219,888	77,574	81,424	118,700	183,000	77,700	79,700	106,000	169,300	71,400	166,600
Net Tangible Assets	0	0	1,874,658	1,947,785	1,935,789	1,645,537	1,562,040	1,648,810	1,818,750	1,709,402	1,690,330	1,697,070	1,660,619	1,532,751	1,462,130	1,505,147	1,657,258	1,554,172	1,461,515	1,526,225	1,478,688	1,469,451	1,443,741	1,459,116	1,423,802	1,430,398	1,347,171	1,367,526	1,358,788	1,296,334	1,296,334	1,214,916	1,229,393	1,192,622	1,197,932	1,127,894	1,150,291	1,131,278	1,101,281	1,051,493	1,215,929	1,194,692	1,160,854	1,100,241	1,112,400	1,114,111	1,075,297	1,005,961	1,025,403	1,021,087	989,896	961,799	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1,418,058	1,356,796	1,343,872	1,418,679	1,398,223	1,262,954	1,176,689	1,267,112	1,433,647	1,329,354	1,311,119	1,330,257	1,302,999	1,148,205	1,066,937	1,100,382	1,244,831	1,140,704	1,084,186	1,158,806	1,192,424	1,203,273	1,173,894	1,219,634	1,195,861	1,107,333	1,022,013	1,062,720	1,049,172	994,912	908,687	908,687	923,452	883,319	962,845	897,137	922,664	892,921	852,439	802,512	986,057	949,218	909,475	855,494	861,908	870,544	829,678	765,691	779,973	782,524	769,324	747,790	760,948	739,254	772,085	740,096	753,080	742,425	728,641	679,963	687,189	699,330	687,435	682,164	695,240	719,133	701,969	626,040	627,655	569,028	531,799	467,404	538,601	553,951	571,872	510,214	629,038	609,137	554,152	523,280	522,151	502,001	460,746	390,133	362,993	361,628	325,867	279,087	276,655	270,959	254,597	208,904	200,479	191,612	189,981	155,022	149,754	144,100	133,100	108,600	107,500	109,500	115,000	76,600	81,700
Non Current Assets Total	924,328	916,187	888,664	901,610	914,605	930,542	931,655	949,853	953,091	969,286	984,580	988,681	980,950	1,004,515	1,019,632	1,040,750	1,055,845	1,052,229	1,000,280	975,059	603,415	586,482	586,733	585,316	563,405	609,017	606,254	597,437	601,871	594,388	594,388	597,104	598,320	596,764	528,280	520,807	516,963	526,168	528,828	535,160	357,337	355,116	354,094	346,765	344,015	336,239	340,826	333,723	338,518	333,016	314,406	312,443	305,845	303,874	296,561	279,266	286,200	291,171	289,859	283,395	279,097	275,717	294,932	299,120	292,769	280,817	273,316	270,257	269,436	269,605	265,325	265,379	246,591	204,514	199,397	193,063	193,479	193,411	188,307	179,842	168,894	162,879	155,618	157,748	158,584	132,340	131,671	123,819	111,949	108,206	103,459	97,161	90,514	85,838	73,831	67,411	68,759	71,000	72,700	72,700	73,300	71,300	67,000	58,000	50,700
Non Current Liabilities Other	41,250	29,946	36,364	35,022	33,020	30,913	32,080	36,516	35,279	38,165	40,870	38,671	445,973	422,755	425,798	435,597	73,361	438,116	420,754	404,104	96,005	108,146	106,239	113,426	106,839	57,776	55,911	67,991	69,385	68,419	68,419	67,955	67,626	64,041	65,237	63,348	61,733	60,551	54,514	51,446	44,899	43,511	41,998	41,025	40,045	38,809	41,056	38,980	38,173	39,242	40,026	44,275	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	403,776	377,672	357,878	372,504	377,039	378,693	376,627	398,065	397,486	418,323	434,042	450,128	451,178	429,904	433,740	444,541	451,229	445,827	429,272	413,216	105,526	108,159	106,252	113,597	107,007	57,930	56,067	68,140	69,532	68,648	68,648	68,183	67,857	64,270	69,601	66,452	65,192	63,855	54,732	59,707	68,703	51,470	43,847	42,803	41,800	40,616	42,801	40,696	39,980	40,995	40,026	44,275	41,889	41,154	39,232	38,526	37,770	36,368	37,816	32,579	32,285	30,957	36,454	33,417	31,158	29,829	35,722	30,679	29,447	7,930	13,203	16,364	15,777	15,675	18,227	21,646	22,734	22,298	19,824	24,485	24,370	24,051	23,789	27,026	27,287	21,249	21,801	25,594	25,349	25,776	29,312	27,925	28,387	28,461	29,929	30,052	30,611	30,700	31,700	30,900	30,800	31,400	32,900	8,500	7,100
Non Currrent Assets Other	66,615	67,253	61,430	64,321	64,415	54,227	53,487	66,724	68,452	67,277	67,472	66,401	63,636	63,951	61,113	54,498	43,655	40,242	42,379	41,928	38,495	36,911	38,997	29,656	27,058	26,479	26,095	26,853	27,695	25,622	25,622	25,979	24,675	21,718	24,889	25,222	22,834	22,280	24,570	25,412	24,654	25,017	22,354	22,359	25,346	23,659	27,997	27,957	28,990	28,648	29,087	27,921	26,093	27,168	-42,258	-30,801	-31,994	0	-31,434	-30,437	-28,257	0	-31,851	-33,276	-31,246	0	-28,759	-28,163	-26,761	0	-4,603	-24,396	-22,835	0	-18,978	-20,598	-21,297	0	-17,746	-17,211	-17,183	0	1,308	1,316	699	0	-11,280	-14,604	-13,872	0	0	0	0	0	0	0	0	0	0	0	0	0	100	100	0
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	16,456	16,231	13,975	34,833	30,308	29,128	25,390	23,746	20,691	21,000	21,000	18,087	18,630	16,013	15,127	13,846	13,106	11,631	10,476	7,994	8,369	7,446	7,810	7,825	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	138,136	144,571	145,248	145,045	147,908	156,337	160,573	165,423	165,218	153,226	499,006	124,411	112,135	104,802	122,504	120,435	124,797	119,688	116,650	95,874	100,016	304,103	282,011	323,435	320,248	317,707	322,221	308,874	25,979	309,235	308,657	305,077	233,354	234,974	233,872	234,605	239,348	243,890	75,047	75,743	73,412	73,749	77,069	75,715	80,403	80,714	82,098	82,106	82,895	82,080	80,635	82,061	68,792	54,401	53,952	55,731	52,309	50,790	50,833	46,024	70,031	70,392	70,562	70,367	70,447	70,236	69,609	70,179	69,674	69,638	69,606	38,762	38,745	38,402	38,212	38,398	38,218	37,895	37,656	36,632	36,594	36,623	36,027	7,825	7,601	7,465	7,549	7,534	8,368	8,609	8,861	9,176	9,590	1,820	1,862	0	0	0	0	0	0	0	0
Other Current Assets	80,814	96,016	91,990	100,880	129,872	142,055	121,404	105,261	86,306	98,146	102,003	66,173	54,197	82,175	102,574	113,726	93,868	94,253	100,800	73,850	93,470	91,733	76,399	72,788	58,559	36,113	42,053	40,863	38,487	33,514	33,514	35,657	30,116	33,400	98,028	101,032	102,210	96,176	93,626	94,753	85,306	85,122	88,856	94,958	90,258	89,512	92,239	97,626	88,940	88,877	89,525	105,311	92,894	73,332	77,485	78,429	67,078	63,580	62,917	70,608	56,953	63,572	54,959	62,772	52,579	45,736	45,874	42,820	39,392	39,453	41,759	39,310	35,717	32,825	31,419	30,737	30,744	32,726	28,109	24,880	24,072	23,470	23,531	20,866	15,682	16,846	16,404	19,324	18,021	17,538	18,011	18,230	17,068	18,957	15,400	16,165	15,063	14,200	10,900	13,900	12,800	11,300	14,900	11,700	8,100
Other Current Liab	272,058	283,799	238,988	279,002	253,399	212,668	159,160	240,623	237,491	273,590	227,209	224,674	184,333	184,798	203,827	214,044	232,675	279,932	200,816	224,385	275,684	255,682	195,511	216,406	182,228	193,830	118,052	132,664	142,158	166,496	0	121,696	125,977	70,719	164,023	114,089	104,958	144,457	140,699	107,713	101,272	120,446	128,978	88,791	90,578	58,734	123,455	90,203	90,916	26,828	119,100	93,326	96,884	104,963	121,990	72,511	71,398	69,909	86,420	54,917	58,370	63	95,614	62,365	66,489	7,621	17,441	54,672	8,164	70,110	42,077	13,187	24,531	52,370	29,323	6,370	16,246	41,181	34,762	41,033	10,475	8,069	79,898	25,713	25,590	35,146	79,372	35,608	48,656	58,959	27,258	43,644	45,332	28,294	46,224	16,446	16,497	21,100	37,200	14,100	12,900	16,300	38,800	12,900	100,800
Other Liab	0	0	0	0	66,414	64,128	64,584	76,815	79,820	87,558	89,826	93,362	97,997	92,796	85,773	80,241	79,722	79,312	84,209	75,384	105,526	108,159	106,252	113,426	106,839	57,776	55,911	53,820	55,332	53,790	0	53,274	52,503	49,011	49,881	47,609	45,990	44,823	38,617	35,712	44,899	43,511	41,998	41,025	40,045	38,809	41,056	38,980	38,173	39,242	40,026	44,275	41,889	41,154	39,232	38,526	37,770	34,874	33,365	32,579	32,285	30,942	31,010	27,456	25,182	20,800	25,733	21,831	21,384	0	0	0	0	0	0	0	0	0	8,110	8,683	0	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	176,668	1,895,311	1,874,658	1,947,785	-30,637	-37,570	-21,733	1,795,444	-240,903	2,889,359	2,863,299	-3,835	806	-6,370	-5,860	-7,974	-4,425	-7,273	-1,298	-3,318	16,393	-4,235	-6,374	-8,949	-8,887	-13,929	-13,296	-12,892	-22,617	-6,934	-6,934	-10,773	-11,014	-20,836	-14,862	3,417	2,778	15,833	27,096	38,075	30,209	35,360	37,905	30,025	35,445	46,663	17,482	10,381	7,795	3,037	1,035	17,801	11,565	5,052	1,426	6,712	2,404	836	623	3,838	2,409	1,481	440	3,841	1,912	17,004	29,241	27,128	38,718	24,370	111,460	175	0	24,962	0	0	0	41,945	0	0	0	23,277	0	0	0	0	49,818	50,553	46,621	46,556	40,505	40,246	39,753	39,674	30,351	31,034	30,973	31,000	14,600	140,300	139,700	139,300	139,000	138,800	138,600
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Property Plant And Equipment Gross	1,316,506	622,633	280,578	282,921	291,214	287,338	288,199	290,070	291,088	0	648,035	663,715	649,036	673,444	694,425	720,981	741,152	738,860	681,804	660,947	291,596	284,744	280,726	281,213	281,394	285,582	286,006	279,730	279,650	285,514	287,869	287,869	289,663	291,687	294,926	285,833	283,091	291,563	289,480	291,270	282,290	279,373	280,682	273,016	266,946	260,524	260,423	253,009	256,420	250,910	231,511	230,363	225,210	221,813	227,769	224,865	232,248	235,440	237,550	232,605	228,264	229,693	224,901	228,728	222,207	210,450	202,869	200,021	199,827	199,426	195,651	195,741	176,985	165,752	160,652	154,661	155,267	155,013	150,089	141,947	131,238	126,247	119,024	121,125	122,557	124,515	124,070	116,354	104,400	100,672	95,091	88,552	81,653	76,662	64,241	65,591	66,897	69,000	70,500	70,400	70,900	68,700	63,600	54,400	47,000
Property Plant And Equipment Net	644,576	622,633	594,276	601,649	615,623	616,231	614,070	623,426	622,016	638,601	648,035	663,715	649,036	673,444	694,425	720,981	741,152	738,860	681,804	660,947	291,596	284,744	280,726	281,213	281,394	285,582	286,006	279,730	279,650	285,514	0	287,869	289,663	291,687	294,926	285,833	283,091	291,563	289,480	291,270	282,290	279,373	280,682	273,016	266,946	260,524	260,423	253,009	256,420	250,910	231,511	230,363	225,210	221,813	227,769	224,865	232,248	235,440	237,550	232,605	228,264	229,693	224,901	228,728	222,207	210,450	202,869	200,021	199,827	199,426	195,651	195,741	176,985	165,752	160,652	154,661	155,267	155,013	150,089	141,947	131,238	126,247	119,024	121,125	122,557	124,515	124,070	116,354	104,400	100,672	95,091	88,552	81,653	76,662	64,241	65,591	66,897	69,000	70,500	70,400	70,900	68,700	63,600	54,400	47,000
Property Plant Equipment	0	0	280,578	282,921	291,214	616,231	614,070	623,426	622,016	638,601	648,035	663,715	309,792	322,167	328,904	332,997	346,651	349,302	312,948	298,379	291,596	284,744	280,726	281,213	281,394	285,582	286,006	279,730	279,650	285,514	287,869	287,869	289,663	291,687	294,926	285,833	283,091	291,563	289,480	291,270	282,290	279,373	280,682	273,016	266,946	260,524	260,423	253,009	256,420	250,910	231,511	230,363	225,210	221,813	227,769	224,865	232,248	235,440	237,550	232,605	228,264	229,693	224,901	228,728	222,207	210,450	202,869	200,021	199,827	199,426	195,651	195,741	176,985	165,752	160,652	154,661	155,267	155,013	150,089	141,947	131,238	126,247	119,024	121,125	122,557	124,515	124,070	116,354	104,400	100,672	95,091	88,552	81,653	76,662	64,241	65,591	66,897	0	0	0	0	0	0	0	0
Retained Earnings	1,984,446	1,942,709	1,915,990	1,981,287	1,953,734	1,846,570	1,753,450	1,828,074	1,993,628	1,883,343	1,863,813	1,850,415	1,811,800	1,716,044	1,653,293	1,704,000	1,848,935	1,754,379	1,656,392	1,723,873	1,677,920	1,669,390	1,623,612	1,629,279	1,585,009	1,604,214	1,529,061	1,553,143	1,529,636	1,457,495	1,385,769	1,385,769	1,405,789	1,385,860	1,334,390	1,253,883	1,270,984	1,255,070	1,209,934	1,154,103	1,170,226	1,157,733	1,129,636	1,082,634	1,097,271	1,094,690	1,062,674	1,005,759	1,021,090	1,024,611	995,281	935,182	956,215	950,207	981,230	937,461	954,151	952,948	936,944	895,621	910,922	909,443	900,297	877,136	886,663	895,476	855,485	797,932	792,950	771,939	752,042	684,244	724,191	704,724	668,094	601,638	595,325	573,988	534,631	466,058	455,326	435,364	403,177	339,605	330,162	315,243	286,106	229,224	221,688	212,725	188,515	138,939	132,509	123,901	110,398	72,180	68,562	65,300	56,200	32,300	32,500	32,300	32,300	9,500	8,900
Retained Earnings Total Equity	0	0	1,915,990	1,981,287	1,953,734	1,846,570	1,753,450	1,828,074	1,993,628	1,883,343	1,863,813	1,850,415	1,811,800	1,716,044	1,653,293	1,704,000	1,848,935	1,754,379	1,656,392	1,723,873	1,677,920	1,669,390	1,623,612	1,629,279	1,585,009	1,604,214	1,529,061	1,553,143	1,529,636	1,457,495	1,457,495	1,385,769	1,405,789	1,385,860	1,334,390	1,253,883	1,270,984	1,255,070	1,209,934	1,154,103	1,170,226	1,157,733	1,129,636	1,082,634	1,097,271	1,094,690	1,062,674	1,005,759	1,021,090	1,024,611	995,281	935,182	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,441	0	0	0	0	0	0	0	0	2,789	174,443	0	0	60,804	59,214	0	0	0	0	0	0	0	0	14,053	20	0	2,364	2,364	16,970	0	0	0	15,728	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	407,858	396,193	367,846	373,023	379,310	384,872	377,711	389,386	385,095	397,820	415,365	438,074	418,647	410,517	421,672	603,199	435,526	429,271	405,867	397,046	0	8,311	0	0	0	0	0	14,171	14,053	14,649	2,364	17,045	15,123	16,970	36,401	15,739	15,743	15,728	18,082	15,734	15,699	0	0	0	0	156	53,007	40,696	0	0	40,026	44,275	0	0	0	0	0	0	0	0	0	0	0	0	0	0	26,015	22,039	142	3,919	37,107	12,007	27,631	54,293	14,630	19,203	20,317	17,852	16,285	20,384	20,492	20,931	20,817	32,486	34,613	34,969	38,182	41,331	57,664	54,727	105,713	50,227	50,494	50,295	101,122	55,796	48,544	58,700	113,500	66,200	42,100	62,200	100,000	53,400	32,100
Short Term Debt	71,086	72,685	69,784	69,452	68,685	70,307	65,668	68,136	67,429	67,055	71,149	81,308	65,466	73,409	73,705	238,899	64,019	62,756	60,804	59,214	-55,392	8,311	0	0	-37,697	0	0	0	-86,849	20	2,364	2,364	2,364	1,940	21,045	0	0	-42,613	2,185	0	0	-44,790	0	0	0	156	10,206	0	0	38,716	0	0	0	-29,054	0	0	0	-24,666	0	0	0	34,905	0	0	0	32,329	204	146	142	3,783	33,364	4,657	20,249	46,879	7,185	7,206	7,246	5,216	4,571	4,582	4,625	4,596	4,558	12,332	14,430	14,333	17,614	16,683	33,157	29,680	80,230	24,764	24,575	24,295	75,042	29,607	21,945	32,000	86,800	39,400	14,900	34,900	72,700	50,700	29,300
Short Term Investments	414,185	1,474	71,225	99,511	722	972	1,108	175,024	131,145	1,132	1,138	920	1,224	1,095	975	35,828	1,668	1,477	138,198	272,603	262,802	269,313	264,014	90,978	94,983	18,469	1,591	34,470	472	467	12,859	12,859	21,227	629	629	46,428	52,938	27,267	537	27,238	39,537	91,755	29,049	90,181	70,988	44,661	2,128	35,266	12,028	2,878	2,423	90,842	100,331	68,812	62,357	51,686	49,858	22,759	17,637	2,394	27,705	22,433	2,316	2,546	1,813	81,598	66,907	156,547	189,360	155,170	41,580	126,169	181,835	159,075	28,100	68,010	181,050	160,205	0	0	0	0	0	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
Total Assets	2,939,013	2,798,943	2,789,804	2,888,974	3,051,546	2,890,152	2,726,788	2,787,979	3,067,128	2,889,359	2,863,299	2,793,906	2,836,571	2,652,314	2,622,397	2,751,487	2,931,591	2,751,080	2,662,447	2,613,709	2,368,721	2,299,339	2,246,950	2,188,684	2,212,902	2,100,814	2,011,200	1,888,074	2,013,894	1,921,815	1,907,554	1,907,554	1,760,762	1,846,153	1,876,876	1,818,656	1,689,073	1,792,209	1,761,877	1,685,291	1,549,529	1,605,588	1,534,302	1,477,034	1,372,481	1,458,842	1,427,846	1,386,095	1,300,072	1,382,542	1,344,376	1,312,851	1,256,033	1,294,754	1,332,565	1,212,007	1,189,982	1,212,883	1,184,317	1,111,859	1,073,054	1,148,236	1,162,759	1,134,807	1,107,657	1,166,481	1,149,247	1,071,498	1,021,444	1,027,373	1,024,226	916,082	934,925	970,778	967,218	847,868	956,773	949,444	908,837	837,282	779,074	783,766	752,272	647,321	599,378	592,817	588,582	488,551	473,186	474,967	553,299	421,116	372,952	375,086	440,608	306,122	284,710	305,000	372,400	276,900	247,600	269,500	347,500	255,100	297,100
Total Current Assets	2,014,685	1,882,756	1,901,140	1,987,364	2,136,941	1,959,610	1,795,133	1,838,126	2,114,037	1,920,073	1,878,719	1,805,225	1,855,621	1,647,799	1,602,765	1,710,737	1,875,746	1,698,851	1,662,167	1,638,650	1,765,306	1,712,857	1,660,217	1,603,368	1,649,497	1,491,797	1,404,946	1,290,637	1,412,023	1,327,427	1,310,450	1,310,450	1,162,442	1,249,389	1,348,596	1,297,849	1,172,110	1,266,041	1,233,049	1,150,131	1,192,192	1,250,472	1,180,208	1,130,269	1,028,466	1,122,603	1,087,020	1,052,372	961,554	1,049,526	1,029,970	1,000,408	950,188	990,880	1,036,004	932,741	903,782	921,712	894,458	828,464	793,957	872,519	867,827	835,687	814,888	885,664	875,931	801,241	752,008	757,768	758,901	650,703	688,334	766,264	767,821	654,805	763,294	756,033	720,530	657,440	610,180	620,887	596,654	489,573	440,794	460,477	456,911	364,732	361,237	366,761	449,840	323,955	282,438	289,248	366,777	238,711	215,951	234,000	299,700	204,200	174,300	198,200	280,500	197,100	246,400
Total Current Liabilities	596,627	525,960	557,268	568,685	738,718	696,656	618,444	571,014	680,390	590,719	567,600	474,968	552,622	499,594	535,828	610,355	630,915	558,147	577,981	479,844	572,882	509,584	486,323	383,734	453,636	384,464	382,933	227,917	362,851	332,515	401,763	401,763	238,990	366,070	385,751	400,712	249,446	373,120	380,610	347,619	206,135	301,254	270,733	274,775	166,558	252,059	257,342	286,681	181,581	267,002	260,646	252,618	189,240	251,626	263,919	192,645	150,702	179,287	165,817	148,501	106,768	173,189	180,392	153,523	119,648	166,531	173,962	175,201	124,353	188,740	227,102	183,299	149,733	212,313	195,949	144,591	134,256	146,896	166,378	134,160	88,029	118,886	135,908	99,440	77,801	98,849	131,044	85,645	84,582	95,802	195,243	115,051	81,959	97,636	176,796	83,689	66,197	89,900	166,600	95,600	66,800	88,700	165,500	120,500	164,700
Total Liab	1,000,403	903,632	915,146	941,189	1,115,757	1,075,349	995,071	969,079	1,077,876	1,009,042	1,001,642	925,096	1,003,800	929,498	969,568	1,054,896	1,082,144	1,003,974	1,007,253	893,060	678,408	617,743	592,575	497,331	560,643	442,394	439,000	296,057	432,383	401,163	469,946	469,946	306,847	430,340	455,352	467,164	314,638	436,975	435,342	407,326	274,838	352,724	314,580	317,578	208,358	292,675	300,143	327,377	221,561	307,997	300,672	296,893	231,129	292,780	303,151	231,171	188,472	215,655	203,633	181,080	139,053	204,146	216,846	186,940	150,806	196,360	209,684	205,880	153,800	196,670	240,305	199,663	165,510	227,988	214,176	166,237	156,990	169,194	186,202	158,645	112,399	142,937	159,697	126,466	105,088	120,098	152,845	111,239	109,931	121,578	224,555	142,976	110,346	126,097	206,725	113,741	96,808	120,600	198,300	126,500	97,600	120,100	198,400	129,000	171,800
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,681,596	1,654,375	1,691,353	1,652,259	1,658,420	1,572,200	1,592,017	1,581,511	1,520,652	1,437,608	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,938,610	1,895,311	1,874,658	1,947,785	1,935,789	1,814,803	1,731,717	1,818,900	1,989,252	1,880,317	1,861,657	1,868,810	1,832,771	1,722,816	1,652,829	1,696,591	1,849,447	1,747,106	1,655,194	1,720,649	1,673,857	1,665,365	1,640,400	1,656,520	1,621,951	1,629,292	1,546,810	1,568,271	1,560,820	1,499,652	1,419,521	1,419,521	1,435,285	1,399,800	1,406,397	1,337,646	1,361,329	1,343,603	1,316,059	1,269,971	1,266,322	1,245,418	1,211,912	1,151,631	1,164,123	1,166,167	1,127,703	1,058,718	1,078,511	1,074,545	1,043,704	1,015,958	1,024,904	1,001,974	1,029,414	980,836	1,001,510	997,228	980,684	930,779	934,001	944,090	945,913	947,867	956,851	970,121	939,563	865,618	867,644	830,703	783,921	716,419	769,415	742,790	753,042	681,631	799,783	780,250	722,635	678,637	666,675	640,829	592,575	520,855	494,290	472,719	435,737	377,312	363,255	353,389	328,744	278,140	262,606	248,989	233,883	192,381	187,902	184,400	174,100	150,400	150,000	149,400	149,100	126,100	125,300
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31
Begin Period Cash Flow	430,241	763,404	790,725	686,009	451,795	673,166	551,389	369,770	413,558	437,489	290,781	241,034	234,257	386,664	230,617	191,950	64,880	101,091	130,023	104,135	194,670	79,082	35,464	14,622	6,800	4,000	3,300
Capital Expenditures	54,607	58,467	34,744	28,758	123,516	65,622	53,352	49,987	69,917	60,283	69,443	50,491	78,404	28,838	33,074	47,580	34,289	50,909	36,542	44,490	17,118	38,023	39,727	21,233	12,600	40,400	14,800
Cash And Cash Equivalents Changes	0	-313,332	-27,321	104,716	234,214	-221,371	121,777	181,619	-43,788	-23,931	146,708	49,747	6,777	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	26,426	6,768	138,319	199,979	-17,984	-16,383	-6,595	6,985	-97	10,295	-1,702	-8,221	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-79,922	-333,163	-27,321	104,716	234,214	-221,371	121,777	181,619	-43,788	-23,931	146,708	49,747	6,777	-152,407	156,047	38,667	127,070	-36,211	-28,932	25,888	69,915	115,588	43,618	20,842	7,800	42,600	700
Change In Working Capital	210,413	-503,133	-115,076	-35,550	-188,228	-63,570	110,804	20,099	-138,455	-9,789	114,293	-7,622	-92,188	-78,903	102,903	337	-55,892	3,095	-22,598	-68,339	-25,808	40,857	-43,550	-17,441	-20,200	-36,100	-28,900
Change Receivables	0	-64,495	-31,622	22,885	37,537	-25,601	-24,197	36,710	-40,419	-31,478	27,442	18,166	-54,334	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	123,830	-64,495	-31,622	22,885	-37,537	-25,601	-24,197	36,710	-40,419	-31,478	27,442	18,166	-54,334	-69,500	77,490	-9,689	-3,093	4,259	-25,366	-51,375	-30,825	-29,379	-29,379	0	0	0	0
Change To Inventory	283,826	-399,851	-100,261	64,884	-84,058	-94,716	46,662	-18,777	-103,296	-62,086	34,089	2,951	-55,223	-87,265	38,831	4,507	-46,010	-15,448	-22,873	-32,908	-16,635	23,001	-11,738	-20,520	-11,800	-24,400	-14,700
Change To Liabilities	0	52,186	75,513	-83,695	6,179	78,939	106,649	13,566	3,373	84,353	51,811	-25,455	32,075	60,252	0	7,897	0	8,697	17,915	17,140	21,492	13,598	0	19,514	0	0	0
Change To Netincome	0	49,053	-197	7,893	-1,808	1,462	56,137	-8,192	-7,910	-785	16,164	13,957	2,460	9,018	0	2,567	0	7,390	8,357	3,464	0	0	0	0	0	0	0
Change To Operating Activities	0	-73,345	-43,458	-83,126	-46,812	41,321	-931	-4,085	4,836	40,668	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	127,052	117,399	115,571	146,601	121,725	58,230	59,945	60,016	56,521	54,017	40,871	40,892	43,560	38,430	36,253	31,158	30,338	23,547	23,546	18,628	23,065	19,367	17,423	13,648	12,600	7,600	7,500
Dividends Paid	-73,440	75,082	68,623	17,195	65,127	62,664	50,909	48,122	43,547	39,836	31,298	29,780	29,075	75,440	22,331	22,098	20,915	5,026	0	0	0	0	0	0	0	102,400	12,800
End Period Cash Flow	350,319	430,241	763,404	790,725	686,009	451,795	673,166	551,389	369,770	413,558	437,489	290,781	241,034	234,257	386,664	230,617	191,950	64,880	101,091	130,023	264,585	194,670	79,082	35,464	14,600	46,600	4,000
Exchange Rate Changes	0	0	-7,087	7,510	-1,244	-8,695	12,836	-1,635	-4,647	-11,137	-6,805	1,821	-5,274	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	581,690	-83,708	319,662	247,319	161,936	223,947	287,776	225,180	25,188	125,500	204,832	98,177	-14,608	-5,321	181,298	97,350	90,233	106,203	98,675	49,208	103,981	130,528	28,549	30,964	10,900	-40,000	4,100
Investments	-54,207	72,740	-129,007	1,587	264,244	-166,628	-94,711	-49,890	26,772	64,652	-46,754	-41,650	65,721	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
Net Borrowings	0	-665	178	-4,002	-724	-724	-14,236	-1,940	1,950	16,223	-156	156	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	251,400	311,440	354,108	108,013	330,489	274,948	112,315	198,439	179,851	141,859	93,603	99,859	103,479	77,037	67,021	95,047	144,452	123,018	130,736	138,624	120,121	102,518	88,824	58,611	33,000	32,700	39,300
Other Cashflows From Financing Activities	-3,844	48,085	-5,812	-7,811	-23,686	46,342	-288	57,768	56,407	70,214	7,241	100,184	118,238	32,178	57,629	33,799	1,811	2,148	34,185	-4,588	-20,863	-21,980	7,221	-6,562	-3,700	37,800	9,200
Other Cashflows From Investing Activities	0	0	0	0	264,244	19	279	97	144	-188,396	111	7,099	168	0	0	0	2,111	1,141	0	570	0	0	0	0	0	0	0
Other Non Cash Items	29,516	36,150	-9,525	50,498	5,442	4,208	1,927	4,805	-2,775	-4,446	7,812	566	4,657	2,833	1,787	24,493	1,457	3,006	4,918	7,369	7,723	2,232	6,972	455	1,100	1,000	1,000
Sale Purchase Of Stock	-184,022	-287,443	-165,415	-132,889	-121,702	-201,600	-35,542	-11	-70,068	-15,000	69,136	-206	-20,000	-13,838	-8,078	-83,865	-31,819	-75,490	-165,767	-43,061	-498	0	0	0	0	0	0
Stock Based Compensation	23,051	21,021	19,126	17,778	17,832	14,291	11,286	10,986	11,672	11,120	8,878	7,833	7,870	6,730	6,353	6,302	7,260	10,120	0	0	0	682	682	0	0	0	0
Total Cash From Financing Activities	-254,789	-360,831	-210,889	-151,700	-190,722	-270,014	-84,403	-42,023	-91,245	-14,550	-4,676	-15,700	-39,230	-82,300	-29,662	-102,424	-40,408	-113,361	-120,812	-29,287	-5,289	-15,056	15,444	-1,677	-2,800	42,600	-3,600
Total Cash From Operating Activities	636,297	-25,241	354,406	276,077	285,452	289,569	341,128	275,167	95,105	185,783	274,275	148,668	63,796	23,517	214,372	144,930	124,522	157,112	135,217	93,698	121,099	168,551	68,276	52,197	23,500	400	18,900
Total Cashflows From Investing Activities	0	72,740	-163,751	-27,171	140,728	-232,231	-147,784	-49,890	-43,001	-184,027	-116,086	-85,042	-12,515	0	0	11,700	41,545	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	2016-08-04	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
Begin Period Cash Flow	213,282	231,571	361,049	430,241	159,221	413,110	435,240	763,404	599,479	819,806	873,641	790,725	313,429	474,793	671,108	686,009	239,311	386,150	430,447	451,795	196,145	510,656	717,216	673,166	411,805	620,639	556,006	551,389	219,189	415,944	415,944	430,000	369,770	173,410	371,062	401,604	413,558	185,247	367,165	528,038	437,489	274,160	340,428	303,654	290,781	94,164	193,245	240,725	241,034	87,942	207,429	234,982	234,257	173,937	346,643	365,948	386,664	192,879	315,266	272,112	230,617	142,955	324,885	276,245	191,950	48,914	107,948	79,266	64,880	28,998	47,626	57,197	101,091	120,196	174,869	157,283	130,023	123,344	284,655	288,059	264,585	85,882	158,817	179,197	194,670	38,434	71,569	123,910	79,082	9,968	20,938	40,479	35,464	10,652	12,851	27,828	14,622	8,600	4,500	9,200	6,800	4,500	0	6,300	4,000
Capital Expenditures	13,252	18,552	8,756	14,047	15,978	13,506	16,098	12,885	14,331	8,026	8,491	3,896	3,594	4,205	11,507	9,452	18,989	53,727	25,601	25,199	20,433	15,571	17,328	12,290	11,561	17,468	13,048	11,275	14,399	12,616	12,616	12,924	10,048	22,121	19,431	12,898	15,467	17,440	17,879	7,201	17,763	20,286	17,655	16,732	14,770	18,060	11,031	9,396	12,004	38,233	17,532	13,596	9,043	7,841	6,635	8,306	6,056	8,393	10,216	9,304	5,161	14,720	4,491	14,197	14,172	14,157	6,882	7,249	6,001	7,402	6,344	21,586	15,577	11,804	12,231	7,745	4,762	6,028	11,815	15,461	11,186	9,952	26,550	2,135	31,581	3,351	12,516	13,869	8,287	10,049	10,268	10,678	8,732	15,843	2,102	2,054	1,234	1,900	3,300	2,800	4,600	6,900	11,000	9,200	13,300
Cash And Cash Equivalents Changes	0	0	-126,180	-69,239	265,951	-243,163	-7,639	-328,481	163,925	-220,327	-53,835	82,916	478,568	-165,497	-199,714	-8,641	446,698	-146,839	-44,297	-21,348	255,650	-314,511	-206,560	44,050	261,361	-208,834	64,633	4,617	332,200	-196,755	-196,755	-14,056	60,230	196,360	-197,652	-30,542	-11,954	228,311	-181,918	-160,873	90,549	163,329	-66,268	36,774	12,873	196,617	-99,081	-47,480	-309	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	22,493	35,492	14,291	8,284	8,300	-4,449	31,525	10,013	-32,988	-1,782	191,466	-9,088	-9,457	-34,602	216,556	10,068	-30,203	3,558	-234	528	-14,026	-4,252	-20,909	5,562	-233	-803	-4,472	2,970	2,970	-6,309	1,216	6,899	10,546	-724	-9,736	7,240	-506	-5,477	-1,354	9,481	8,845	-3,136	-4,895	-157	7,645	-7,724	-1,466	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	137,037	-18,289	-129,478	-69,192	271,020	-253,889	-22,130	-328,164	163,925	-220,327	-53,835	82,916	477,296	-161,364	-196,315	-14,901	446,698	-146,839	-44,297	-21,348	255,650	-314,511	-206,560	44,050	261,361	-208,834	64,633	4,617	332,200	-196,755	-200,702	-14,056	60,230	196,360	-197,652	-30,542	-11,954	228,311	-181,918	-160,873	90,549	163,329	-66,268	36,774	12,873	196,617	-99,081	-47,480	-309	153,092	-119,487	-27,553	725	60,320	-172,706	-19,305	-20,716	193,785	-122,387	43,154	41,495	87,662	-181,930	48,640	84,295	143,036	-59,034	28,682	14,386	35,882	-18,628	-9,571	-43,894	-19,105	-54,673	17,586	27,260	6,679	-161,311	-3,404	23,474	178,703	-72,935	-20,380	-15,473	156,236	-33,135	-52,341	44,828	69,114	-10,970	-19,541	5,015	24,812	-2,199	-14,977	13,206	6,000	4,100	24,700	2,400	-47,100	4,500	-1,100	2,300
Change In Working Capital	463,504	-134,375	-114,013	-4,703	115,768	-360,939	-120,290	-137,672	179,252	-263,344	-53,791	22,807	327,723	-266,878	-47,098	-49,297	330,038	-360,128	-108,243	-49,895	253,968	-319,354	-5,886	7,702	299,684	-278,888	63,131	26,877	275,644	-292,008	0	-7,102	43,565	234,335	-339,241	-14,954	-18,595	226,774	-252,258	10,731	4,964	186,221	-178,127	64,367	41,832	200,671	-204,955	-8,093	4,755	156,156	-233,904	-23,439	8,999	110,441	-185,030	-3,928	-386	181,762	-150,773	29,430	42,484	91,213	-198,127	68,925	35,827	138,555	-210,580	228	15,905	144,009	-197,032	25,001	31,117	91,101	-156,948	19,246	24,003	121,558	-186,436	-6,279	2,818	141,113	-124,816	-42,865	760	124,474	-84,267	-34,583	35,233	94,099	-109,533	-23,791	-4,325	76,496	-81,602	-28,547	16,212	53,100	-66,500	-29,500	22,700	38,300	-52,300	-32,200	10,100
Change Receivables	0	0	120,919	82,927	64,756	-315,615	105,144	81,220	12,878	-224,956	62,638	117,818	40,015	-261,242	93,425	150,687	236,953	-369,047	60,994	108,637	99,832	-314,330	73,483	115,414	102,806	-283,758	80,136	76,619	143,616	-294,038	-294,038	78,464	108,668	154,599	-334,748	54,203	85,527	108,100	-251,918	54,577	57,763	71,154	-197,095	57,388	95,995	86,771	-216,600	49,102	98,893	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	269,969	-349,985	120,919	82,927	64,756	-315,615	105,144	81,220	12,878	-224,956	62,638	117,818	40,015	-261,242	93,425	150,687	161,879	-369,047	60,994	108,637	99,832	-314,330	73,483	115,414	102,806	-283,758	80,136	76,619	143,616	-294,038	-187,132	78,464	108,668	154,599	-334,748	54,203	85,527	108,100	-251,918	54,577	57,763	71,154	-197,095	57,388	95,995	86,771	-216,600	49,102	98,893	67,615	-251,867	45,911	84,007	65,837	-213,268	48,216	29,715	92,560	-167,305	71,384	80,851	-9,689	0	130,455	58,027	-3,093	0	105,418	52,512	4,259	0	129,174	71,547	-25,366	0	95,554	35,015	-51,375	0	65,163	34,973	-30,825	0	39,392	33,633	6,517	0	56,062	49,710	-29,379	0	28,946	29,560	0	0	39,567	36,300	0	0	0	0	0	0	0	0
Change To Inventory	148,409	270,668	-206,754	71,503	43,343	-110,969	-261,117	-71,108	73,500	-50,024	-148,854	25,117	224,974	42,556	-226,156	23,510	114,941	33,118	-232,979	862	93,828	-47,647	-173,030	32,133	103,238	5,233	-156,296	94,487	84,698	63,986	63,986	-235,972	68,511	70,148	28,832	-216,956	14,680	101,788	-49,158	-153,747	39,031	80,884	13,654	-98,524	38,075	110,978	52,030	-158,417	-1,640	67,775	-20,571	-116,131	13,704	45,398	-39,455	-92,148	-1,060	78,439	-1,648	-65,499	27,539	45,263	-34,820	-36,813	30,877	55,669	-6,204	-98,561	3,086	60,824	-558	-74,917	-797	36,571	-5,171	-53,320	-953	33,778	16,638	-81,943	-1,381	41,636	16,668	-63,695	-11,244	40,117	35,970	-53,224	138	45,213	26,422	-59,168	-24,205	15,359	10,447	-40,878	-5,448	11,000	11,600	-35,300	900	13,700	22,300	-43,500	-16,900
Change To Liabilities	0	0	-19,714	-164,042	24,208	85,393	56,577	-20,823	53,499	25,335	100,279	-41,194	49,211	-39,104	95,090	-188,892	109,453	-34,267	93,945	-162,952	64,750	42,095	107,687	-135,593	116,476	-5,925	139,524	-143,426	56,607	-64,926	-64,926	156,715	-134,830	7,787	-43,871	148,523	-109,066	9,777	49,445	115,422	-90,291	33,676	-3,460	108,895	-87,300	4,156	-47,711	109,048	-90,948	36,711	27,182	0	0	60,252	72,266	25,458	0	0	0	0	0	7,897	384	0	0	0	0	17,066	0	8,697	4,442	16,538	0	17,915	35,160	8,753	0	17,140	22,464	22,959	0	21,492	9,848	0	0	13,598	14,519	0	0	0	18,625	26,683	0	19,514	34,878	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	6,412	5,920	30,560	5,736	6,287	6,470	2,769	6,269	-11,133	1,733	-42,880	29,899	-7,970	28,844	-16,676	8,826	678	5,364	-12,867	5,111	2,833	6,385	43,019	3,580	2,011	7,527	-21,219	2,600	2,600	5,872	4,555	-12,859	-2,843	2,345	5,447	-4,974	-2,669	2,439	4,419	8,542	1,080	2,542	4,000	7,880	1,267	2,352	2,458	0	0	0	0	9,018	4,993	293	200	0	813	0	0	2,567	19,960	1,271	1,925	0	11,875	0	0	7,390	18,128	0	1,033	8,357	15,092	0	3,144	3,464	26,263	0	1,898	0	33,763	0	0	0	30,695	0	0	0	32,753	0	0	0	12,820	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	0	22,680	28,023	-8,091	-115,957	40,002	40,676	-64,493	-59,643	3,126	42,373	-14,962	-113,663	-3,438	79,780	-58,763	-64,391	23,419	89,219	-25,002	-46,315	-931	50,930	-20,911	-803	-4,085	2,970	0	-6,309	1,216	4,836	0	0	0	40,668	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	33,687	31,825	30,957	30,583	30,830	28,032	27,960	30,577	31,062	23,547	30,503	30,459	44,318	36,359	32,930	32,994	32,950	31,288	28,489	28,998	14,686	14,477	14,531	14,536	15,285	14,728	14,992	14,940	15,538	14,987	14,987	14,809	14,682	14,600	14,143	13,842	13,936	15,392	15,391	12,982	10,252	10,534	10,446	10,033	9,858	10,129	9,719	10,026	11,018	11,445	11,052	10,597	10,466	10,531	9,409	9,374	9,116	10,352	9,235	8,516	8,150	7,860	8,066	7,365	7,867	8,145	7,795	8,067	6,331	5,818	5,846	5,903	5,980	6,010	6,016	5,778	5,742	4,546	4,395	4,298	5,389	5,749	5,867	5,957	5,492	5,328	4,791	4,783	4,465	5,576	4,294	3,911	3,642	3,600	3,380	3,385	3,283	3,400	3,500	3,300	2,400	2,100	1,800	1,800	1,900
Dividends Paid	-18,061	18,280	18,450	18,649	18,526	18,630	18,775	19,151	16,961	17,122	17,255	17,285	17,195	17,195	17,285	17,195	16,210	16,231	16,268	16,418	16,504	15,304	15,404	15,452	13,292	12,571	12,547	12,499	12,574	11,859	11,859	11,848	11,841	11,880	10,554	10,556	10,557	10,467	9,813	9,794	9,762	8,633	7,584	7,560	7,521	7,471	7,460	7,430	7,419	7,398	7,440	7,475	6,762	57,231	6,057	6,086	6,065	6,072	5,417	5,423	5,419	5,417	5,509	5,567	5,605	5,729	5,056	5,055	5,075	5,026	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,300	7,300	0	89,200	5,900
End Period Cash Flow	350,319	213,282	231,571	361,049	430,241	159,221	413,110	435,240	763,404	599,479	819,806	873,641	790,725	313,429	474,793	671,108	686,009	239,311	386,150	430,447	451,795	196,145	510,656	717,216	673,166	411,805	620,639	556,006	551,389	219,189	415,944	415,944	430,000	369,770	173,410	371,062	401,604	413,558	185,247	367,165	528,038	437,489	274,160	340,428	303,654	290,781	94,164	193,245	240,725	241,034	87,942	207,429	234,982	234,257	173,937	346,643	365,948	386,664	192,879	315,266	272,112	230,617	142,955	324,885	276,245	191,950	48,914	107,948	79,266	64,880	28,998	47,626	57,197	101,091	120,196	174,869	157,283	130,023	123,344	284,655	288,059	264,585	85,882	158,817	179,197	194,670	38,434	71,569	123,910	79,082	9,968	20,938	40,479	35,464	10,652	12,851	27,828	14,600	8,600	24,700	9,200	-47,100	4,500	-1,100	6,300
Exchange Rate Changes	0	0	0	0	0	0	0	0	-2,141	-2,056	2,378	-5,268	7,510	0	0	0	1,710	-3,430	926	-450	-1,195	-4,571	-6,159	3,230	5,694	2,126	2,346	2,670	-3,364	3,947	3,947	-7,377	5,159	-1,368	-3,359	864	-784	2,085	-12,021	3,655	-4,856	-1,372	7,036	-3,542	-8,927	3,210	-397	-4,459	3,467	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	600,871	-6,086	-77,050	63,955	286,870	-228,927	-94,978	-46,673	355,713	-140,826	-2,228	107,003	470,443	-164,889	-61,537	3,302	464,622	-254,483	-81,648	33,445	367,202	-212,962	4,645	65,062	341,998	-186,946	55,770	76,954	345,935	-200,485	-200,485	-7,218	86,948	283,849	-254,432	-17,469	13,240	276,872	-189,362	12,257	25,733	230,266	-129,635	53,136	51,065	241,184	-140,306	-12,910	10,209	167,588	-171,526	-37,981	27,311	123,764	-131,187	-11,776	13,878	205,897	-98,384	20,164	53,621	124,721	-134,937	59,368	48,198	176,408	-144,394	12,809	45,410	178,785	-133,853	17,318	43,953	117,402	-92,954	24,599	49,628	161,857	-126,865	-5,362	19,578	172,172	-85,788	-25,514	-9,989	156,680	-30,956	-35,709	40,513	117,854	-65,912	-23,941	548	74,448	-41,256	-24,272	22,044	60,500	-41,800	-29,300	21,500	44,100	-42,000	-41,300	-800
Investments	-423,334	51,448	21,747	-111,680	-15,722	103	174,741	-56,778	-130,191	-8,026	130	1,054	1	-4,205	34,999	-33,413	-18,989	137,000	135,501	-8,257	6,923	-4,366	-173,128	3,943	-76,892	-16,884	32,878	-33,813	-94,711	12,408	12,408	8,373	-20,781	26,772	45,767	6,801	-25,796	-26,772	26,689	12,323	52,412	-62,634	60,729	-18,532	-26,317	-42,529	33,192	-23,163	-9,150	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Borrowings	0	0	0	0	-4,588	3,923	4,527	4,527	-17	-10	-16	221	-1,433	-3,264	-173,970	174,665	174,665	174,665	174,665	0	-8,311	22,482	8,311	-14,171	-14,236	0	-14,236	-14,236	-20	-2,343	-2,343	2,363	-1,940	-19,226	21,176	0	0	-2,137	2,288	0	16,072	0	0	0	-156	-10,050	10,206	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	93,340	103,508	8,350	46,202	125,690	111,750	7,163	66,837	156,961	100,563	40,684	55,900	95,756	62,751	-50,707	213	114,025	119,258	23,029	74,177	113,349	102,375	10,495	48,729	-6,356	91,102	-11,316	38,885	85,566	86,552	86,552	-7,873	34,194	64,796	92,940	-5,804	27,919	56,989	67,932	-6,738	23,676	36,281	54,550	-7,330	10,102	39,487	64,375	-7,901	3,898	36,728	67,539	-13,558	12,770	26,208	52,205	-10,604	9,228	23,086	46,915	-9,878	6,898	18,557	58,329	-1,770	19,931	45,720	62,609	10,037	26,086	38,387	60,331	4,833	19,467	36,630	66,456	6,313	21,337	39,357	68,573	10,732	19,962	32,187	63,572	9,443	14,919	29,137	56,882	7,536	8,963	24,210	49,576	6,430	8,608	13,503	38,218	3,618	3,272	9,100	23,900	-200	200	7,200	22,800	600	2,100
Other Cashflows From Financing Activities	4,342	2,237	1,843	-4,297	42,197	12,056	-2,577	-3,959	-15,600	-275	-82	2,395	8,376	14,467	199,160	171,512	-13,621	-150	-4,067	2,540	17,953	-20,039	5,493	-4,033	-77	6,004	-26	-3,113	-247	-64	-64	18,569	-4,756	-22	39,987	-10,017	773	18,502	14,501	10,198	15,838	302	36,003	16,543	-1,317	26,201	10,476	-36	-891	57,218	44,949	328	-1,399	71	14,811	126	3,794	5,841	23,295	10,088	18,405	35	23	6	46	139	70	402	1,200	1,125	25,935	-15,661	-32,785	39,806	-4,065	-1,035	-521	-5,201	-39,280	-15,458	-516	499	-12,063	-2,471	-6,828	-3,556	-2,791	-18,835	3,202	-49,160	54,210	-66	2,237	-50,743	45,975	7,713	-9,507	-54,900	45,700	24,600	-19,100	-38,900	46,500	129,500	8,700
Other Cashflows From Investing Activities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-33,413	264,244	264,244	127,244	-8,257	1	-1	0	19	40	37	175	27	45	12	12	16	24	18	22	35	69	13	42	-188,467	16	62	4	4	41	7,093	6	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,165	2,111	12	0	0	1,141	1,168	1,648	1,674	0	0	0	0	570	0	0	0	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	26,938	1,942	439	197	35,440	2,339	150	-1,779	-803	834	-1,838	-7,718	16,833	2,050	10,248	21,367	576	3,267	641	958	2,229	1,401	558	20	957	529	281	160	1,159	186	0	3,301	159	4,188	-1,128	-1,017	-4,818	-767	43	-1,350	-2,372	8,525	-87	-95	-531	665	-15	57	-141	6,242	46	-394	-1,237	2,595	399	-2	-159	1,651	43	67	26	20,220	1,046	1,490	58	-5,429	1,743	2,126	1,168	-7,232	2,323	3,864	560	1,453	682	390	2,393	3,693	991	877	1,808	2,536	769	3,924	494	543	576	896	47	6,367	168	237	200	262	173	-158	178	200	400	100	200	200	700	200	100
Sale Purchase Of Stock	-39,389	-66,314	-63,026	-15,293	1,990	-154	-70,126	-217,317	-46,835	-64,080	-43,277	-11,223	132,889	-132,889	891	-132,889	-5,463	-15,946	-81,448	-18,845	-94,378	-67,116	-22,007	-18,099	1,554	5,450	-2,542	-33,000	-7,134	-11	1,629	430,000	2,691	-55,543	2,530	-11,255	60	-14,993	269	7,849	11,168	18,041	3,149	13,045	800	-206	56,336	7,579	519	-3,571	-16,429	11,633	5,509	5,573	-10,000	7,803	-3,838	-1,918	-5,145	-29	-307	-4,242	-34,995	-4,368	-40,260	-14,080	-306	-17,308	-125	-1	0	-73,741	-1,748	-44,732	0	-116,521	-4,514	-7,853	0	0	0	-498	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	6,025	5,818	5,400	5,808	4,950	5,435	5,133	5,503	4,639	4,664	4,949	4,874	4,976	5,090	4,037	3,675	4,673	4,378	4,566	4,215	4,044	3,648	3,486	3,113	3,009	2,558	2,778	2,941	2,532	3,001	0	2,380	3,073	2,941	2,792	2,993	2,946	2,984	2,928	2,631	2,577	2,346	2,250	2,332	1,950	2,126	1,404	2,191	2,112	2,015	2,051	1,991	1,813	1,726	1,732	1,727	1,545	1,454	1,712	1,789	1,398	6,302	95	14	2,000	7,260	62	38	1,749	10,120	74	0	3,417	0	0	0	0	0	0	0	0	0	0	0	0	682	0	0	170	682	0	0	0	0	0	0	0	0	0	0	200	0	-500	0	300
Total Cash From Financing Activities	-57,238	-82,357	-79,633	-35,561	-21,175	-14,339	-87,402	-237,915	-59,456	-77,445	-54,115	-19,873	614	-608	-173,176	21,470	-19,634	-25,926	-99,076	-46,086	-117,281	-92,611	-31,918	-28,204	-9,479	-7,167	-26,536	-41,221	-10,416	-12,637	-12,637	-7,850	-11,120	-86,139	14,350	-20,773	1,317	-23,887	-7,266	-641	17,244	-2,993	-4,402	5,708	-2,989	-12,341	8,424	-6,948	-4,835	-10,338	-23,348	-3,226	-2,318	-55,402	-15,488	-2,234	-9,175	-8,252	-10,450	-5,354	-5,551	-9,681	-39,644	-7,325	-45,774	-19,793	-4,691	-18,775	2,851	-29,463	30,845	-83,062	-31,681	-3,731	-1,590	-115,796	305	604	-36,124	2,705	3,528	5,799	-9,806	4,257	-5,539	109	-1,909	-17,296	4,040	-48,667	54,816	4,149	5,146	-49,382	48,398	8,512	-9,205	-54,500	46,000	24,700	-19,000	-47,100	46,600	40,300	2,800
Total Cash From Operating Activities	614,123	12,466	-68,294	78,002	302,848	-215,421	-78,880	-33,788	370,044	-132,800	6,263	110,899	474,037	-160,684	-50,030	12,754	483,611	-200,756	-56,047	58,644	387,635	-197,391	21,973	77,352	353,559	-169,478	68,818	88,229	360,334	-187,869	-187,869	5,706	96,996	305,970	-235,001	-4,571	28,707	294,312	-171,483	19,458	43,496	250,552	-111,980	69,868	65,835	259,244	-129,275	-3,514	22,213	205,821	-153,994	-24,385	36,354	131,605	-124,552	-3,470	19,934	214,290	-88,168	29,468	58,782	139,441	-130,446	73,565	62,370	190,565	-137,512	20,058	51,411	186,187	-127,509	38,904	59,530	129,206	-80,723	32,344	54,390	167,885	-115,050	10,099	30,764	182,124	-59,238	-23,379	21,592	160,031	-18,440	-21,840	48,800	127,903	-55,644	-13,263	9,280	90,291	-39,154	-22,218	23,278	62,400	-38,500	-26,500	26,100	51,000	-31,000	-32,100	12,500
Total Cashflows From Investing Activities	0	0	21,747	-111,680	-15,722	-13,403	158,643	-56,778	-144,522	-8,026	-8,361	-2,842	-3,593	-4,205	23,492	-42,865	-18,989	83,273	109,900	-33,456	-13,509	-19,938	-190,456	-8,328	-88,413	-34,315	20,005	-45,061	-14,354	-196	-196	-4,535	-30,805	-22,103	26,358	-6,062	-41,194	-44,199	8,852	-183,345	34,665	-82,858	43,078	-35,260	-41,046	-53,496	22,167	-32,559	-21,154	-12,515	26,268	-44,299	0	0	0	0	0	0	0	5,543	0	11,700	46,404	50,886	69,030	41,545	68,249	0	0	0	39,790	0	0	0	105,739	79,688	0	0	0	0	0	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
Cost Of Revenue	1,757,271	1,753,074	1,513,947	1,277,665	1,526,808	1,415,978	1,306,143	1,266,697	1,252,680	1,145,639	941,341	953,169	958,677	854,120	719,945	750,024	776,288	746,617	652,036	597,373	511,101	437,782	422,430	321,041	247,000	232,900	191,400
Depreciation And Amortization	124,195	188,599	115,571	146,601	121,725	58,230	59,945	60,016	56,521	54,017	40,871	40,892	43,560	38,430	36,253	31,158	30,338	23,547	23,546	18,628	23,065	19,367	17,423	13,648	12,600	7,600	7,500
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
Ebit	310,284	393,104	450,504	137,049	394,971	360,717	267,163	257,939	248,418	199,574	131,794	133,528	136,406	103,327	87,762	156,216	193,982	174,287	181,558	211,428	190,189	163,675	148,181	96,393	60,100	55,800	44,400
Ebitda	434,479	581,703	566,075	283,650	516,696	418,947	327,108	317,955	304,939	253,591	172,665	174,420	179,966	141,757	124,015	187,374	224,320	197,834	205,104	230,056	213,254	183,042	165,604	110,041	72,700	63,400	51,900
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	-5,100	-5,100	-9,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	1,729,932	1,711,078	1,612,455	1,223,889	1,515,670	1,386,348	1,159,962	1,110,348	1,073,500	954,951	743,655	716,394	735,308	629,404	524,078	567,811	579,751	541,055	503,755	497,934	440,685	378,537	357,151	293,784	223,500	194,400	162,100
Income Before Tax	326,192	397,410	451,511	139,523	405,429	360,717	266,734	256,898	247,319	198,521	131,426	133,907	137,680	104,891	89,850	126,243	208,027	185,335	190,855	214,921	190,669	164,029	145,613	92,155	55,200	51,700	40,700
Income Tax Expense	74,792	85,970	97,403	31,510	74,940	85,769	154,419	58,459	67,468	56,662	37,823	34,048	34,201	27,854	22,829	31,196	63,575	62,317	60,119	76,297	70,548	61,511	56,789	33,544	22,200	19,000	1,400
Interest Expense	0	2,713	1,007	2,474	10,458	0	429	1,041	1,099	1,053	0	0	0	0	0	63	152	1,211	1,492	559	1,627	2,436	2,568	0	0	0	0
Interest Income	9,713	2,713	1,380	435	8,302	9,876	4,515	2,003	3,270	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	16,456	7,192	6,541	5,514	4,686	-738	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	251,400	311,440	354,108	108,013	330,489	268,256	105,123	191,898	174,337	137,173	94,341	99,859	103,479	77,037	67,021	95,047	144,452	123,018	130,736	138,624	120,121	102,518	88,824	58,611	33,000	32,700	39,300
Net Income Applicable To Common Shares	0	311,440	354,108	108,013	330,489	446,486	105,123	191,898	174,337	137,173	94,341	99,859	103,479	77,037	67,021	95,047	144,452	123,018	130,736	138,624	120,121	102,518	88,824	58,611	0	0	0
Net Income From Continuing Ops	283,750	311,440	354,108	108,013	330,489	446,486	112,315	198,439	179,851	141,859	93,603	99,859	103,479	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	9,713	2,713	1,380	435	8,302	9,876	4,086	962	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	1,593	-373	2,039	2,156	-141	-321	-572	-2,834	-274	-871	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	35,600	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
Operating Income	310,284	393,104	450,504	137,049	394,971	350,982	262,969	256,508	249,721	198,844	131,794	133,528	136,406	103,327	87,762	118,706	199,139	179,773	185,966	211,428	190,189	163,675	148,181	96,393	60,100	55,800	44,400
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	3,173,584	3,035,448	2,675,898	2,364,505	2,647,507	2,451,344	2,203,136	2,120,537	2,076,459	1,901,746	1,553,202	1,536,035	1,557,579	1,380,197	1,156,261	1,186,361	1,156,900	1,107,899	969,825	883,879	761,597	652,644	631,400	518,432	410,400	371,500	309,100
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
Reconciled Depreciation	124,195	117,399	115,571	146,601	121,725	58,230	59,945	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	361,700	299,200	239,300	255,600	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	1,416,583	942,694	881,123	859,648	880,586	1,051,152	910,894	864,084	831,971	763,063	625,656	596,635	614,658	534,068	444,715	430,350	385,769	366,768	322,197	286,506	250,496	214,862	208,970	183,743	150,800	131,000	110,200
Tax Provision	82,184	85,970	97,403	31,510	74,940	85,769	154,419	58,459	67,468	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	1,416,313	1,282,374	1,161,951	1,086,840	1,120,699	1,035,366	896,993	853,840	823,779	756,107	611,861	582,866	598,902	526,077	436,316	436,337	380,612	361,282	317,789	286,506	250,496	214,862	208,970	197,391	163,400	138,600	117,700
Total Other Income Expense Net	15,908	4,306	1,007	2,474	10,458	-141	-321	-572	-2,834	-274	-871	379	1,274	7,991	2,088	-24,742	5,157	5,486	4,408	3,493	480	354	-2,568	-4,238	-4,900	-4,100	-3,700
Total Revenue	3,487,203	3,464,152	3,126,402	2,501,554	3,042,478	2,802,326	2,466,105	2,377,045	2,326,180	2,100,590	1,684,996	1,669,563	1,693,985	1,483,524	1,244,023	1,317,835	1,356,039	1,287,672	1,155,791	1,095,307	951,786	816,319	779,581	614,825	470,500	427,300	353,500

	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	2016-08-04	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
Cost Of Revenue	523,804	505,486	306,888	421,093	579,544	496,564	293,903	383,063	539,544	396,346	273,853	304,204	452,586	358,184	170,381	296,514	476,212	460,098	272,619	317,879	443,012	412,098	252,998	307,870	404,598	398,177	218,042	285,326	379,775	400,002	400,002	209,161	277,759	382,466	411,090	208,916	250,208	369,905	368,515	180,221	226,998	295,392	290,735	160,211	195,003	294,155	301,320	172,489	185,205	302,304	317,206	155,617	183,550	266,362	289,747	124,909	173,102	207,639	245,874	104,961	161,471	205,472	250,362	127,382	166,808	217,811	267,550	127,985	162,942	212,022	255,892	130,129	148,574	179,512	221,383	112,678	138,463	167,344	219,371	97,871	112,787	137,024	194,592	87,358	92,127	114,816	170,717	70,101	82,148	116,208	158,985	68,355	75,240	84,585	127,799	50,041	58,616	61,400	94,600	36,800	54,200	59,300	92,500	37,000	44,100
Depreciation And Amortization	33,687	31,825	30,957	30,583	30,830	28,032	27,960	30,577	31,062	23,547	30,503	30,459	44,318	36,359	32,930	32,994	32,950	31,288	28,489	28,998	14,686	14,477	14,531	14,536	15,285	14,728	14,992	14,940	15,538	14,987	0	14,809	14,682	14,600	14,143	13,842	13,936	15,392	15,391	12,982	10,252	10,534	10,446	10,033	9,858	10,129	9,719	10,026	11,018	11,445	11,052	10,597	10,466	10,531	9,409	9,374	9,116	10,352	9,235	8,516	8,150	7,860	8,066	7,365	7,867	8,145	7,795	8,067	6,331	5,818	5,846	5,903	5,980	6,010	6,016	5,778	5,742	4,546	4,395	4,298	5,389	5,749	5,867	5,957	5,492	5,328	4,791	4,783	4,465	5,576	4,294	3,911	3,642	3,600	3,380	3,385	3,283	3,400	3,500	3,300	2,400	2,100	1,800	1,800	1,900
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	131,367	134,554	6,229	56,427	226,604	145,261	8,773	83,666	211,568	133,461	34,995	70,480	123,693	85,178	-70,300	-1,987	138,633	152,015	16,365	87,958	154,383	132,404	12,581	61,349	110,113	123,818	-15,675	48,907	100,990	123,403	123,010	-10,835	44,381	83,018	131,020	-7,921	42,303	81,808	99,186	-16,754	35,334	52,164	76,899	-9,997	12,728	51,103	79,244	-19,858	5,355	50,510	86,616	-18,640	17,920	29,020	59,134	-14,717	11,040	27,517	63,093	-28,508	10,394	48,667	81,229	-5,491	26,643	54,958	91,334	11,353	36,337	53,169	89,956	4,344	26,818	52,748	90,924	7,434	31,168	60,399	105,293	14,904	30,051	50,835	100,747	14,919	23,688	46,303	91,141	11,307	14,924	40,514	81,068	11,194	17,950	22,632	60,805	6,796	6,160	16,400	42,100	600	1,000	13,300	40,200	1,800	600
Ebitda	165,054	166,379	37,186	87,010	257,434	173,293	36,733	114,243	242,630	157,008	65,498	100,939	168,011	121,537	-37,370	31,007	171,583	183,303	44,854	116,956	169,069	146,881	27,112	75,885	125,398	138,546	-683	63,847	116,528	138,390	0	3,974	59,063	97,618	145,163	5,921	56,239	97,200	114,577	-3,772	45,586	62,698	87,345	36	22,586	61,232	88,963	-9,832	16,373	61,955	97,668	-8,043	28,386	39,551	68,543	-5,343	20,156	37,869	72,328	-19,992	18,544	56,527	89,295	1,874	34,510	63,103	99,129	19,420	42,668	58,987	95,802	10,247	32,798	58,758	96,940	13,212	36,910	64,945	109,688	19,202	35,440	56,584	106,614	20,876	29,180	51,631	95,932	16,090	19,389	46,090	85,362	15,105	21,592	26,232	64,185	10,181	9,443	19,800	45,600	3,900	3,400	15,400	42,000	3,600	2,500
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-3,600	-300	-100	-1,000	-2,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	536,190	480,197	314,045	399,500	589,976	458,495	284,160	378,447	590,176	408,360	292,517	321,402	463,037	342,908	146,230	271,714	478,655	446,695	253,591	336,729	474,586	383,703	228,621	299,438	371,443	349,190	180,862	258,467	337,675	345,712	345,712	179,584	247,377	316,948	356,460	171,318	228,774	307,059	306,781	144,025	197,086	237,718	232,349	120,284	153,304	206,905	243,685	117,868	147,936	223,774	249,585	112,413	149,536	190,897	214,281	96,922	127,304	150,677	188,599	74,307	110,495	149,438	202,053	85,765	130,555	158,947	203,531	90,575	126,698	149,746	198,248	81,424	111,637	134,585	188,374	73,553	107,243	134,432	196,388	73,231	93,883	120,405	178,817	64,719	76,744	102,505	160,787	54,094	61,151	98,116	146,645	53,189	62,843	77,302	119,547	47,114	49,821	60,900	93,000	34,600	35,000	51,900	81,500	30,200	30,800
Income Before Tax	119,969	136,113	9,550	60,560	159,711	145,757	7,837	84,105	211,900	133,858	35,299	70,454	123,231	84,898	-70,170	1,564	140,806	152,851	19,968	91,804	154,383	132,404	12,581	61,349	110,113	123,818	-15,855	48,658	100,728	123,150	123,150	-11,097	44,117	82,745	130,745	-8,199	42,029	81,524	98,904	-17,031	35,124	52,079	77,372	-10,255	12,230	51,061	87,801	-10,557	5,602	50,538	87,078	-18,179	18,243	37,502	68,690	-14,325	13,024	27,806	66,056	-15,320	11,308	13,569	84,929	-2,003	29,748	58,646	94,650	15,206	39,525	56,127	92,109	7,378	29,721	55,565	93,076	9,639	32,575	61,019	106,315	16,638	30,949	51,091	100,599	15,108	23,871	46,619	91,012	11,583	14,815	39,689	81,068	10,628	14,228	21,231	59,392	6,056	5,476	14,900	40,300	-400	400	12,000	38,700	1,000	200
Income Tax Expense	26,629	32,605	1,200	14,358	34,021	34,007	674	17,268	54,939	33,295	-5,385	14,554	27,475	22,147	-19,463	1,351	26,781	33,593	-3,061	17,627	41,034	30,029	2,086	12,620	116,469	32,716	-4,539	9,773	15,162	36,598	36,598	-3,224	9,923	17,949	37,805	-2,395	14,110	24,535	30,972	-10,293	11,448	15,798	22,822	-2,925	2,128	11,574	23,426	-2,656	1,704	13,810	19,539	-4,621	5,473	11,294	16,485	-3,721	3,796	4,720	19,141	-5,442	4,410	-4,988	26,600	-233	9,817	12,926	32,041	5,169	13,439	17,740	31,778	2,545	10,254	18,935	26,620	3,326	11,238	21,662	37,742	5,906	10,987	18,904	37,027	5,665	8,952	17,482	34,130	4,047	5,852	15,479	31,492	4,198	5,620	7,728	21,174	2,438	2,204	5,800	16,400	-200	200	4,800	15,800	400	-1,900
Interest Expense	4,133	0	3,506	-4,133	1,054	765	499	395	308	196	598	278	280	280	805	1,813	932	1,399	2,571	3,400	2,128	2,524	2,928	2,296	858	1,035	180	249	262	253	140	262	264	273	275	278	274	284	282	277	210	100	56	215	132	42	17	191	247	0	462	461	0	0	0	0	0	0	0	0	0	0	0	0	19	152	30	17	52	1,211	311	139	240	1,492	401	355	390	559	120	325	80	1,627	906	541	439	2,436	129	276	109	2,568	1,097	566	80	1,401	1,413	740	684	0	0	0	0	0	0	0	0
Interest Income	5,028	1,870	3,506	3,283	1,054	765	499	395	0	0	598	278	0	0	0	1,813	932	1,399	2,571	3,963	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	16,456	2,223	758	3,622	716	3,378	219	2,879	851	2,967	2,967	299	2,424	1,446	1,879	741	1,448	1,386	2,288	-409	1,421	-449	-36	-253	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	93,340	103,508	8,350	46,202	125,690	111,750	7,163	66,837	156,961	100,563	40,684	55,900	95,756	62,751	-50,707	213	114,025	119,258	23,029	74,177	113,260	100,152	9,737	45,107	-7,072	87,724	-11,535	36,006	84,715	83,585	83,585	-8,172	31,770	63,350	91,061	-6,545	26,471	55,603	65,644	-6,329	22,255	36,730	54,586	-7,077	10,102	39,487	64,375	-7,901	3,898	36,728	67,539	-13,558	12,770	26,208	52,205	-10,604	9,228	23,086	46,915	-9,878	6,898	18,557	58,329	-1,770	19,931	45,720	62,609	10,037	26,086	38,387	60,331	4,833	19,467	36,630	66,456	6,313	21,337	39,357	68,573	10,732	19,962	32,187	63,572	9,443	14,919	29,137	56,882	7,536	8,963	24,210	49,576	6,430	8,608	13,503	38,218	3,618	3,272	9,100	23,900	-200	200	7,200	22,900	600	2,100
Net Income Applicable To Common Shares	0	0	8,350	46,202	125,690	111,750	7,163	66,837	156,961	100,563	40,684	55,900	95,756	62,751	-50,707	213	114,025	119,258	23,029	74,177	291,490	100,152	9,737	45,107	-7,072	87,724	-11,535	36,006	84,715	83,585	83,585	-8,172	31,770	63,350	91,061	-6,545	26,471	55,603	65,644	-6,329	22,255	36,730	54,586	-7,077	10,102	39,487	64,375	-7,901	3,898	36,728	67,539	-13,558	12,770	26,208	52,205	-9,228	9,228	23,086	46,915	-6,898	6,898	18,557	58,329	-19,931	19,931	45,720	62,609	10,037	26,086	38,387	60,331	4,833	19,467	36,630	66,456	6,313	21,337	39,357	68,573	10,732	19,962	32,187	63,572	9,443	14,919	29,137	56,882	7,536	8,963	24,210	49,576	6,430	8,608	13,503	38,218	3,618	3,272	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	93,340	103,508	8,350	46,202	125,690	111,750	7,163	66,837	156,961	100,563	40,684	55,900	95,756	62,751	-50,707	213	114,025	119,258	23,029	74,177	284,887	102,375	10,495	48,729	-6,356	91,102	-11,316	38,885	85,566	86,552	86,552	-7,873	34,194	64,796	92,940	-5,804	27,919	56,989	67,932	-6,738	23,676	36,281	54,550	-7,330	10,102	39,487	64,375	-7,901	3,898	0	67,539	-13,558	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,028	1,870	3,506	3,283	1,054	765	499	395	308	196	598	278	-293	-280	-805	1,813	932	1,399	2,571	3,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-185	850	3,253	-269	-1,435	44	24	201	-294	-304	-169	-465	935	1,738	1,241	-563	1,032	446	-513	736	-96	-268	-524	-104	360	-53	164	-620	-620	259	-375	453	-1,558	467	-2,196	-435	666	-149	-356	-185	417	-473	-630	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	35,600	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	131,367	134,554	6,229	56,427	226,604	145,261	8,773	83,666	211,568	133,461	34,995	70,480	123,693	85,643	-70,300	-1,987	138,633	152,015	16,365	87,958	152,768	129,144	9,749	59,321	109,362	122,887	-17,285	48,005	100,399	123,630	123,630	-11,786	44,265	82,293	132,269	-8,962	44,122	82,100	98,282	-16,989	35,451	52,164	76,899	-9,997	12,728	51,103	87,818	-10,748	5,355	50,510	86,616	-18,640	17,920	37,011	68,543	-14,717	12,490	27,517	65,737	-15,886	10,394	12,422	83,128	-4,330	27,486	56,809	92,590	12,407	37,333	55,305	91,182	5,463	27,823	54,370	92,087	8,341	31,168	60,399	105,293	15,685	30,051	50,835	100,747	14,919	23,688	46,303	91,141	11,307	14,924	40,514	81,068	11,194	14,308	22,632	60,805	6,796	6,160	16,400	42,100	600	1,000	13,300	40,200	1,800	600
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
Other Operating Expenses	928,627	851,129	614,704	764,166	978,516	809,798	569,290	677,844	918,152	671,245	531,375	555,126	791,930	615,449	386,911	570,215	816,234	754,778	509,845	566,650	764,830	666,657	471,870	547,987	666,679	624,480	416,189	495,788	617,051	622,084	0	400,531	480,871	617,121	635,281	389,196	434,860	594,864	577,014	341,235	388,633	480,946	446,185	290,492	335,579	449,957	461,474	305,660	327,786	475,568	480,175	286,670	315,166	428,239	435,485	236,548	288,641	330,799	370,058	199,260	261,572	317,746	369,287	217,477	269,877	319,949	378,491	206,153	252,307	306,463	362,958	206,090	232,388	259,727	317,670	177,890	214,538	241,377	310,466	155,417	176,619	206,594	272,662	137,158	145,183	171,018	240,363	112,888	128,375	173,810	224,562	110,350	120,133	139,255	186,541	90,359	102,277	105,900	145,500	70,800	88,200	97,900	133,800	65,400	74,300
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
Reconciled Depreciation	33,687	31,825	30,957	30,583	30,830	28,032	27,960	30,577	31,062	23,547	30,503	30,459	44,318	36,359	32,930	32,994	32,950	31,288	28,489	28,998	14,686	14,477	14,531	14,536	15,285	14,728	14,992	14,940	15,538	14,987	0	14,809	14,682	14,600	14,143	13,842	13,936	15,392	15,391	12,982	10,252	10,534	10,446	10,033	9,858	10,129	9,719	10,026	11,018	11,445	11,052	10,597	10,466	10,531	9,409	9,374	9,116	10,352	9,235	8,516	8,150	7,860	8,066	7,365	7,867	8,145	7,795	8,067	6,331	5,818	5,846	5,903	5,980	6,010	6,016	5,778	5,742	4,546	4,395	4,298	5,389	5,749	5,867	5,957	5,492	5,328	4,791	4,783	4,465	5,576	4,294	3,911	3,642	3,600	3,380	3,385	3,283	3,400	3,500	3,300	2,400	2,100	1,800	1,800	1,900
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	361,700	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	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	404,823	351,563	312,529	347,398	43,393	318,957	281,258	299,086	384,047	280,121	261,766	254,389	343,284	261,192	217,652	276,820	344,419	299,249	240,763	251,755	326,325	259,267	222,192	243,368	267,035	230,446	200,598	212,815	241,241	224,497	224,497	193,321	205,025	237,189	226,778	181,502	186,502	226,849	210,659	162,196	163,359	187,867	162,951	131,935	142,903	158,754	160,154	133,171	144,556	178,624	167,375	134,512	134,147	156,999	148,072	113,458	115,539	126,276	124,184	92,246	102,009	114,358	120,824	91,256	103,912	103,989	112,197	79,222	90,361	96,577	108,292	77,080	84,819	81,837	97,450	66,119	76,075	74,033	91,095	58,327	63,832	69,570	78,070	49,800	53,056	56,202	69,646	42,787	46,227	57,602	64,480	41,995	44,893	51,070	55,362	36,933	40,378	41,100	47,400	30,700	31,600	36,500	39,500	26,600	28,300
Tax Provision	26,629	32,605	1,200	14,358	34,021	34,007	674	17,268	54,939	33,295	-5,385	14,554	27,475	22,147	-19,463	1,351	26,781	33,593	-3,061	16,627	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
Total Operating Expenses	404,823	345,643	307,816	343,073	398,972	313,234	275,387	294,781	378,608	274,899	257,522	250,922	339,344	257,265	216,530	273,701	340,022	294,680	237,226	248,771	321,818	254,559	218,872	240,117	262,081	226,303	198,147	210,462	237,276	222,082	224,497	191,370	203,112	234,655	224,191	180,280	184,652	224,959	208,499	161,014	161,635	185,554	155,450	130,281	140,576	155,802	160,154	133,171	142,581	173,264	162,969	131,053	131,616	161,877	145,738	111,639	115,539	123,160	124,184	94,299	100,101	112,274	118,925	90,095	103,069	102,138	110,941	78,168	89,365	94,441	107,066	75,961	83,814	80,215	96,287	65,212	76,075	74,033	91,095	57,546	63,832	69,570	78,070	49,800	53,056	56,202	69,646	42,787	46,227	57,602	65,577	41,995	44,893	54,670	58,742	40,318	43,661	44,500	50,900	34,000	34,000	38,600	41,300	28,400	30,200
Total Other Income Expense Net	-11,398	-311	-185	4,133	-66,893	496	-936	439	24	201	-294	-304	-169	-465	935	1,738	1,241	-563	1,032	446	-513	736	-96	-268	-524	-104	360	-53	164	-620	-1,902	259	-375	453	-1,558	467	-2,196	-435	666	-149	-356	-185	417	-473	-630	-42	4,287	4,555	247	28	462	461	323	491	147	392	725	289	1,322	566	914	-28,645	1,899	1,161	843	1,851	1,256	1,054	996	2,136	1,226	1,119	1,005	1,622	1,163	907	1,407	620	1,022	781	898	256	-148	189	183	316	-129	276	-109	-825	0	-566	-80	-1,401	-1,413	-740	-684	-1,500	-1,800	-1,000	-600	-1,300	-1,500	-800	-400
Total Revenue	1,059,994	985,683	620,933	820,593	1,169,520	955,059	578,063	761,510	1,129,720	804,706	566,370	625,606	915,623	701,092	316,611	568,228	954,867	906,793	526,210	654,608	917,598	795,801	481,619	607,308	776,041	747,367	398,904	543,793	717,450	745,714	748,129	388,745	525,136	699,414	767,550	380,234	478,982	676,964	675,296	324,246	424,084	533,110	523,084	280,495	348,307	501,060	545,005	290,357	333,141	526,078	566,791	268,030	333,086	457,259	504,028	221,831	300,406	358,316	434,473	179,268	271,966	354,910	452,415	213,147	297,363	376,758	471,081	218,560	289,640	361,768	454,140	211,553	260,211	314,097	409,757	186,231	245,706	301,776	415,759	171,102	206,670	257,429	373,409	152,077	168,871	217,321	331,504	124,195	143,299	214,324	305,630	121,544	138,083	161,887	247,346	97,155	108,437	122,300	187,600	71,400	89,200	111,200	174,000	67,200	74,900

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

Gross Profit (+$)
totalRevenue	3,487,203
Cost of Revenue	-1,757,271
Gross Profit	1,729,932	1,729,932

Operating Income (+$)
Gross Profit	1,729,932
Operating Expense	-1,416,313
Operating Income	310,284	313,619

Operating Expense (+$)
Research Development	0
Selling General Administrative	1,416,583
Selling And Marketing Expenses	0
Operating Expense	1,416,313	1,416,583

Net Interest Income (+$)
Interest Income	9,713
Interest Expense	-0
Other Finance Cost	-0
Net Interest Income	9,713

Pretax Income (+$)
Operating Income	310,284
Net Interest Income	9,713
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	326,192	294,376 EBIT - interestExpense = 310,284 326,192 251,400
Interest Expense	0
Earnings Before Interest and Taxes (EBIT)	310,284	326,192
Earnings Before Interest and Taxes (EBITDA)	434,479

After tax Income (+$)
Income Before Tax	326,192
Tax Provision	-82,184
Net Income From Continuing Ops	283,750	244,008
Net Income	251,400
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	3,173,584
Total Other Income/Expenses Net	15,908	-9,713

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

Indicator phases

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

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

1. Price Targets

1.1 Support & Resistance

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

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

Score

Let's take a look at the Support & Resistance of Columbia Sportswear Company.

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

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

The bullish price targets are: 81.21 < 81.32 < 82.42.

The bearish price targets are: 81.06 > 75.09 > 75.09.

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Columbia Sportswear Company 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 Columbia Sportswear Company. The current mas is .

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

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

Columbia Sportswear Company 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 Columbia Sportswear Company. The current macd is -1.26268655.

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 Columbia price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Columbia. 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 Columbia 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

Columbia Sportswear Company 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 Columbia Sportswear Company. The current adx is 24.66.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

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

Columbia Sportswear Company 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 Columbia Sportswear Company. The current sar is 77.10.

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

Columbia Sportswear Company 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 Columbia Sportswear Company. The current rsi is 39.68. 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.

Columbia Sportswear Company 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 Columbia Sportswear Company. 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 Columbia price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Columbia Sportswear Company 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 Columbia Sportswear Company. The current cci is -72.34739029.

Columbia Sportswear Company 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 Columbia Sportswear Company. The current cmo is -22.93593403.

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

Columbia Sportswear Company 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 Columbia Sportswear Company. The current willr is -76.32850242.

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

Columbia Sportswear Company 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 Columbia Sportswear Company.

Columbia Sportswear Company 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 Columbia Sportswear Company. The current atr is 1.60229703.

Columbia Sportswear Company 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 Columbia Sportswear Company. The current obv is 865,752.

Columbia Sportswear Company 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 Columbia Sportswear Company. The current mfi is 39.18.

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

Columbia Sportswear Company Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Columbia Sportswear Company.

6.2. Trading Signals

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

Date	Indicator	Signal
2023-11-24	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-11-28	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-11-30	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2023-12-01	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-05	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	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
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	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
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	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
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-26	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-27	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-29	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-02	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-03	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-05	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-08	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-12	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-01-17	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-19	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-22	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-23	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-25	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-29	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-31	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	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).
2024-02-02	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
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-06	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-09	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-12	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-15	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-22	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-23	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-26	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-29	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-04	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-05	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-12	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-18	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-27	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-28	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.
	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).
2024-04-02	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
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-03	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-04	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.

6.3. Candlestick Patterns

Columbia Sportswear Company Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Columbia Sportswear Company based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	39.675
Ma 20	Greater than	Ma 50	77.046
Ma 50	Greater than	Ma 100	78.984
Ma 100	Greater than	Ma 200	79.090
Open	Greater than	Close	75.630
Total			2/5 (40.0%)

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Quick analysis of Columbia (30 sec.)

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

How much money do you get?

What is your share worth?

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For what price can you sell your share?

1. Valuation of Columbia (5 min.)

$75.00

$32.13

$153.77 - $200.53

$185.90 - $232.65

2. Growth of Columbia (5 min.)

Is Columbia growing?

How much money is Columbia making?

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

3. Financial Health of Columbia (5 min.)

4. Comparing to competitors in the Apparel Manufacturing industry (5 min.)

Industry Rankings (Apparel Manufacturing)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

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Linear %

Fundamentals of Columbia

About Columbia Sportswear Company

Financial Health

Valuation

1.1. Profitability of Columbia Sportswear Company.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Apparel Manufacturing)

1.1.2. Return on Assets

Trends

Compared to industry (Apparel Manufacturing)

1.1.3. Return on Equity

Trends

Compared to industry (Apparel Manufacturing)

1.2. Operating Efficiency of Columbia Sportswear Company.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Apparel Manufacturing)

1.2.2. Operating Ratio

Trends

Compared to industry (Apparel Manufacturing)

1.3. Liquidity of Columbia Sportswear Company.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Apparel Manufacturing)

1.3.2. Quick Ratio

Trends

Compared to industry (Apparel Manufacturing)

1.4. Solvency of Columbia Sportswear Company.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Apparel Manufacturing)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Apparel Manufacturing)

2. Market Valuation of Columbia Sportswear Company

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Apparel Manufacturing)

Columbia Sportswear Company
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