Cognizant Technology Solutions Corp Class A
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I'm going to help you getting a better view of Cognizant Technology Solutions Corp Class A. 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.

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Quick analysis of Cognizant (30 sec.)

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

How much money do you get?

$1.17

When do you have the money?

1 year

How often do you get paid?

80.0%

What is your share worth?

Current worth

$26.40

Expected worth in 1 year

$28.81

How sure are you?

82.5%

+ What do you gain per year?

Total Gains per Share

$3.58

Return On Investment

5.2%

For what price can you sell your share?

Current Price per Share

$68.20

Expected price per share

$60.49 - $76.38

How sure are you?

50%

1. Valuation of Cognizant (5 min.)

Live pricePrice per Share (EOD)

$68.20

Book Value per Share

$26.40

Intrinsic Value Per Share

$18.07 - $47.15

Total Value Per Share

$44.47 - $73.55

My calculation of the intrinsic value of Cognizant 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: ($0.91) 3Y: ($1.04) TTM: ($1.00)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.02) 3Y: ($-0.02) TTM: ($0.03)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$3.35	$4.26	$3.37 - $4.44
2	$6.26	$8.64	$3.10 - $4.70
3	$8.79	$13.15	$2.84 - $4.97
4	$10.95	$17.76	$2.57 - $5.23
5	$12.79	$22.47	$2.31 - $5.50
6	$14.33	$27.26	$2.04 - $5.76
7	$15.61	$32.14	$1.77 - $6.03
8	$16.64	$37.08	$1.51 - $6.29
9	$17.45	$42.09	$1.24 - $6.56
10	$18.07	$47.15	$0.98 - $6.82

2. Growth of Cognizant (5 min.)

Is Cognizant growing?

	Current year	Previous year	Grow	Grow %
How rich?	$13.2b	$12b	$870.7m	6.7%

How much money is Cognizant making?

	Current year	Previous year	Grow	Grow %
Making money	$531.5m	$572.5m	-$41m	-7.7%
Net Profit Margin	11.0%	11.8%	-	-

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

Quarterly Yearly

3. Financial Health of Cognizant (5 min.)

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

Industry Rankings (Information Technology Services)

Richest
#7 / 399

Most Revenue
#16 / 399

Most Profit
#6 / 399

Most Efficient
#76 / 399

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

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

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

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

Speculation

The Price per Share of Cognizant is $68.20. 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 Cognizant.
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 Cognizant, 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 $26.40. Based on the TTM, the Book Value Change Per Share is $0.60 per quarter. Based on the YOY, the Book Value Change Per Share is $0.30 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 $0.29 per quarter.

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

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	1.11	1.6%	1.05	1.5%	1.10	1.6%	0.93	1.4%	0.80	1.2%
Usd Book Value Change Per Share	0.89	1.3%	0.60	0.9%	0.30	0.4%	0.33	0.5%	0.41	0.6%
Usd Dividend Per Share	0.29	0.4%	0.29	0.4%	0.27	0.4%	0.25	0.4%	0.19	0.3%
Usd Total Gains Per Share	1.18	1.7%	0.89	1.3%	0.57	0.8%	0.58	0.8%	0.60	0.9%
Usd Price Per Share	75.53	-	67.37	-	67.95	-	68.22	-	65.02	-
Price to Earnings Ratio	16.95	-	16.12	-	15.51	-	19.14	-	5.41	-
Price-to-Total Gains Ratio	63.81	-	96.08	-	165.08	-	-1,556.91	-	-759.93	-
Price to Book Ratio	2.86	-	2.63	-	2.94	-	3.12	-	3.54	-
Price-to-Total Gains Ratio	63.81	-	96.08	-	165.08	-	-1,556.91	-	-759.93	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	68.2
Number of shares	14

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.29	0.25
Usd Book Value Change Per Share	0.60	0.33
Usd Total Gains Per Share	0.89	0.58
Gains per Quarter (14 shares)	12.52	8.11
Gains per Year (14 shares)	50.07	32.45

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	34	40	14	19	22
2	33	67	90	28	37	54
3	49	101	140	41	56	86
4	65	135	190	55	75	118
5	82	168	240	69	93	150
6	98	202	290	83	112	182
7	115	236	340	96	131	214
8	131	270	390	110	149	246
9	147	303	440	124	168	278
10	164	337	490	138	187	310

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	39.0	1.0	0.0	97.5%	101.0	1.0	0.0	99.0%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	16.0	4.0	0.0	80.0%	33.0	7.0	0.0	82.5%	94.0	8.0	0.0	92.2%
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%	32.0	0.0	8.0	80.0%	32.0	0.0	70.0	31.4%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	16.0	4.0	0.0	80.0%	33.0	7.0	0.0	82.5%	94.0	8.0	0.0	92.2%

Fundamentals of Cognizant

About Cognizant Technology Solutions Corp Class A

https://www.cognizant.com
Information Technology Services
347700
300 Frank West Burr Boulevard, Teaneck, NJ, United States, 07666
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Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology. The company provides customer experience, robotic process automation, analytics, and AI services in areas, such as digital lending, fraud detection, and next generation payments; the shift towards consumerism, outcome-based contracting, digital health, delivering integrated seamless, omni-channel, and patient-centered experience; and services that drive operational improvements in areas, such as clinical development, pharmacovigilance, and manufacturing, as well as claims processing, enrollment, membership, and billing to healthcare providers and payers, and life sciences companies, including pharmaceutical, biotech, and medical device companies. It offers solution to manufacturers, automakers, retailers and travel and hospitality companies, as well as companies providing logistics, energy and utility services; and digital content, business process improvement, technology modernization, and the creation of unified and compelling user experience services to communications, media and entertainment, education, and information services and technology companies. The company was incorporated in 1988 and is headquartered in Teaneck, New Jersey.

Fundamental data was last updated by Penke on 2024-04-11 05:25:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is 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 efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

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

1.1. Profitability of Cognizant Technology Solutions Corp Class A.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Cognizant to the Information Technology Services industry mean.
A Net Profit Margin of 11.7% means that $0.12 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Cognizant Technology Solutions Corp Class A:

The MRQ is 11.7%. The company is making a huge profit. +2
The TTM is 11.0%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	11.7%	TTM	11.0%	+0.7%
TTM	11.0%	YOY	11.8%	-0.8%
TTM	11.0%	5Y	10.7%	+0.3%
5Y	10.7%	10Y	11.6%	-0.8%

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
MRQ	11.7%	4.1%	+7.6%
TTM	11.0%	4.0%	+7.0%
YOY	11.8%	4.0%	+7.8%
5Y	10.7%	3.9%	+6.8%
10Y	11.6%	3.7%	+7.9%

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

Revenue is the amount of profit Cognizant 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 Cognizant 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 Cognizant to the Information Technology Services industry mean.
Can be used to compare companies within the Information Technology Services industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Cognizant. If profit margins remain low (compared to the Information Technology Services industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Cognizant is 0.12. This means that Cognizant earned $0.12 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 Information Technology Services industry is 4.1%.
What is the trend?
The trend is important because it shows you how Cognizant is performing over time. The most recent quarter might be important if Cognizant 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 Cognizant 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 Cognizant with other companies in the same industry (Information Technology Services).
Net profit margin should rise over the years.
Can be influenced when Cognizant sells assets (profit will increase while costs remain the same).
It won’t show what part of Cognizant 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 Cognizant

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 Cognizant = 558,000
Total revenue MRQ Cognizant = 4,758,000
$558,000 / $4,758,000 = 0.12 or 11.7%

Higher is better

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

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

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

1.1.2. Return on Assets

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

Above 5% is considered healthy but always compare Cognizant to the Information Technology Services industry mean.
3.0% Return on Assets means that Cognizant generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Cognizant Technology Solutions Corp Class A:

The MRQ is 3.0%. Using its assets, the company is less efficient in making profit.
The TTM is 2.9%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	3.0%	TTM	2.9%	+0.1%
TTM	2.9%	YOY	3.3%	-0.4%
TTM	2.9%	5Y	2.8%	+0.1%
5Y	2.8%	10Y	3.0%	-0.2%

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
MRQ	3.0%	1.8%	+1.2%
TTM	2.9%	1.6%	+1.3%
YOY	3.3%	2.0%	+1.3%
5Y	2.8%	1.9%	+0.9%
10Y	3.0%	1.8%	+1.2%

Shows how efficient Cognizant 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 Cognizant to the Information Technology Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Cognizant is using its resources to generate profit. If the return on assets (3.0%) from Cognizant are higher than the Information Technology Services mean (1.8%) that means Cognizant 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 Cognizant is 3.0%. 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 Information Technology Services industry is 1.8%.
What is the trend?
The trend is important because it shows you how Cognizant is performing over time. The most recent quarter might be important if Cognizant 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 Cognizant 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 Cognizant

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

Income statement
Balance sheet

Net income MRQ (income statement) from Cognizant = 558,000
Total assets MRQ (balance sheet) from Cognizant = 18,483,000
558,000 / 18,483,000 = 0.03 or 3.0%

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

Above 15%-20% is considered healthy but always compare Cognizant to the Information Technology Services industry mean.
4.2% Return on Equity means Cognizant generated $0.04 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Cognizant Technology Solutions Corp Class A:

The MRQ is 4.2%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 4.1%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	4.2%	TTM	4.1%	+0.1%
TTM	4.1%	YOY	4.8%	-0.6%
TTM	4.1%	5Y	4.2%	-0.1%
5Y	4.2%	10Y	4.3%	-0.1%

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
MRQ	4.2%	4.0%	+0.2%
TTM	4.1%	3.5%	+0.6%
YOY	4.8%	4.4%	+0.4%
5Y	4.2%	4.2%	0.0%
10Y	4.3%	4.0%	+0.3%

Shows how efficient Cognizant 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 Cognizant to the Information Technology Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Information Technology Services industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Cognizant is 4.2%. This means Cognizant generated $0.04 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Information Technology Services industry is 4.0%.
What is the trend?
The trend is important because it shows you how Cognizant is performing over time. The most recent quarter might be important if Cognizant 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 Cognizant up to 10 years back (depending if Cognizant 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 Cognizant

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Cognizant = 558,000
Shareholders equity (balance sheet) MRQ Cognizant = 13,227,000
558,000 / 13,227,000 = 0.04 or 4.2%

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 Cognizant Technology Solutions Corp Class A.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Cognizant is operating .

Measures how much profit Cognizant 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 Cognizant to the Information Technology Services industry mean.
An Operating Margin of 16.1% means the company generated $0.16 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Cognizant Technology Solutions Corp Class A:

The MRQ is 16.1%. The company is operating efficient. +1
The TTM is 15.4%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	16.1%	TTM	15.4%	+0.7%
TTM	15.4%	YOY	15.3%	+0.2%
TTM	15.4%	5Y	15.4%	+0.0%
5Y	15.4%	10Y	16.8%	-1.3%

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
MRQ	16.1%	6.6%	+9.5%
TTM	15.4%	4.9%	+10.5%
YOY	15.3%	5.9%	+9.4%
5Y	15.4%	5.4%	+10.0%
10Y	16.8%	5.1%	+11.7%

Measures how efficient Cognizant 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 Cognizant to the Information Technology Services industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Cognizant 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 Cognizant is 16.1%. This means that Cognizant earned $0.16 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Information Technology Services industry is 6.6%.
What is the trend?
The trend is important because it shows you how Cognizant is performing over time. The most recent quarter might be important if Cognizant 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 Cognizant 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 Cognizant

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Cognizant = 768,000
Total revenue MRQ Cognizant = 4,758,000
$768,000 / $4,758,000 = 0.16 or 16.1%

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 Cognizant is keeping operating costs low.

Below 1 is considered healthy (always compare to Information Technology Services industry mean).
An Operation Ratio of 0.84 means that the operating costs are $0.84 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Cognizant Technology Solutions Corp Class A:

The MRQ is 0.839. The company is less efficient in keeping operating costs low.
The TTM is 0.849. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.839	TTM	0.849	-0.010
TTM	0.849	YOY	0.847	+0.002
TTM	0.849	5Y	0.850	-0.001
5Y	0.850	10Y	0.838	+0.012

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
MRQ	0.839	1.181	-0.342
TTM	0.849	1.187	-0.338
YOY	0.847	1.080	-0.233
5Y	0.850	1.149	-0.299
10Y	0.838	1.109	-0.271

Measures how efficient Cognizant 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 Cognizant to the Information Technology Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Cognizant is 83.9%. This means that Cognizant earned $0.84 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 Information Technology Services industry is 1.18.
What is the trend?
The trend is important because it shows you how Cognizant is performing over time. The most recent quarter might be important if Cognizant 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 Cognizant 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 Cognizant

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
(3,204,000 +786,000) \ 4,758,000 = 0.84

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 Cognizant Technology Solutions Corp Class A.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Information Technology Services industry mean).
A Current Ratio of 2.25 means the company has $2.25 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Cognizant Technology Solutions Corp Class A:

The MRQ is 2.252. The company is able to pay all its short-term debts. +1
The TTM is 2.234. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	2.252	TTM	2.234	+0.018
TTM	2.234	YOY	2.222	+0.012
TTM	2.234	5Y	2.339	-0.105
5Y	2.339	10Y	2.896	-0.558

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
MRQ	2.252	1.437	+0.815
TTM	2.234	1.449	+0.785
YOY	2.222	1.595	+0.627
5Y	2.339	1.607	+0.732
10Y	2.896	1.619	+1.277

Measures if Cognizant 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 Information Technology Services industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Cognizant 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 Cognizant is 2.25. This means Cognizant has $2.25 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Information Technology Services industry is 1.44.
What is the trend?
The trend is important because it shows you how Cognizant is performing over time. The most recent quarter might be important if Cognizant 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 Cognizant 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 Cognizant

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
7,506,000 \ 3,333,000) = 2.25

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

Above 1 is considered healthy but always compare Cognizant to the Information Technology Services industry mean.
A Quick Ratio of 2.20 means the company can pay off $2.20 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Cognizant Technology Solutions Corp Class A:

The MRQ is 2.200. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 1.997. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	2.200	TTM	1.997	+0.203
TTM	1.997	YOY	2.052	-0.055
TTM	1.997	5Y	2.219	-0.223
5Y	2.219	10Y	3.316	-1.097

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
MRQ	2.200	0.967	+1.233
TTM	1.997	0.993	+1.004
YOY	2.052	1.105	+0.947
5Y	2.219	1.175	+1.044
10Y	3.316	1.169	+2.147

Measures if Cognizant 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 Cognizant to the Information Technology Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Cognizant can pay off its short term debts. This shows if Cognizant 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 Cognizant is 2.20. This means that Cognizant can pay off $2.20 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Information Technology Services industry is 0.97.
What is the trend?
The trend is important because it shows you how Cognizant is performing over time. The most recent quarter might be important if Cognizant 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 Cognizant 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 Cognizant

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 Cognizant: (2,635,000 + 848,000 +3,849,000) / 3,333,000 = 2.20

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

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

1.4. Solvency of Cognizant Technology Solutions Corp Class A.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Cognizant to Information Technology Services industry mean.
A Debt to Asset Ratio of 0.28 means that Cognizant assets are financed with 28.4% credit (debt) and the remaining percentage (100% - 28.4%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Cognizant Technology Solutions Corp Class A:

The MRQ is 0.284. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.289. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.284	TTM	0.289	-0.005
TTM	0.289	YOY	0.310	-0.021
TTM	0.289	5Y	0.328	-0.039
5Y	0.328	10Y	0.295	+0.033

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
MRQ	0.284	0.503	-0.219
TTM	0.289	0.501	-0.212
YOY	0.310	0.495	-0.185
5Y	0.328	0.508	-0.180
10Y	0.295	0.495	-0.200

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Cognizant to Information Technology Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Cognizant is 0.28. This means means that Cognizant is financed with 28.4% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Information Technology Services industry is 143.7%.
What is the trend?
The trend is important because it shows you how Cognizant is performing over time. The most recent quarter might be important if Cognizant 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 Cognizant 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 Cognizant has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Cognizant

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

Balance sheet
Debt to asset ratio = total debt \ total assets
5,256,000 \ 18,483,000 = 28.4% or 0.28.

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

Below 2 is considered healthy but always compare Cognizant to the Information Technology Services industry mean.
A Debt to Equity ratio of 39.7% means that company has $0.40 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Cognizant Technology Solutions Corp Class A:

The MRQ is 0.397. The company is very able to pay all its debts with equity. +2
The TTM is 0.407. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.397	TTM	0.407	-0.009
TTM	0.407	YOY	0.450	-0.044
TTM	0.407	5Y	0.492	-0.085
5Y	0.492	10Y	0.424	+0.067

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
MRQ	0.397	0.948	-0.551
TTM	0.407	0.955	-0.548
YOY	0.450	0.963	-0.513
5Y	0.492	1.053	-0.561
10Y	0.424	1.075	-0.651

Measures if Cognizant 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 Cognizant 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 Cognizant is 0.40. This means that Cognizant can pay off $0.40 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Information Technology Services industry is 0.95.
What is the trend?
The trend is important because it shows you how Cognizant is performing over time. The most recent quarter might be important if Cognizant 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 Cognizant 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 Cognizant

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
5,256,000 \ 13,227,000 = 0.40 or 39.7%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Cognizant Technology Solutions Corp Class A

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 Cognizant generates.

Above 15 is considered overpriced but always compare Cognizant to the Information Technology Services industry mean.
A PE ratio of 16.95 means the investor is paying $16.95 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Cognizant Technology Solutions Corp Class A:

The EOD is 15.308. Based on the earnings, the company is fair priced.
The MRQ is 16.954. Based on the earnings, the company is fair priced.
The TTM is 16.121. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	15.308	MRQ	16.954	-1.645
MRQ	16.954	TTM	16.121	+0.833
TTM	16.121	YOY	15.505	+0.615
TTM	16.121	5Y	19.138	-3.017
5Y	19.138	10Y	5.413	+13.724

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
EOD	15.308	15.563	-0.255
MRQ	16.954	14.410	+2.544
TTM	16.121	15.708	+0.413
YOY	15.505	17.731	-2.226
5Y	19.138	18.755	+0.383
10Y	5.413	20.585	-15.172

Measures how much money you pay for each share for every $1 in earnings Cognizant 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 Cognizant to the Information Technology Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Cognizant is 16.95. This means the investor is paying $16.95 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Information Technology Services industry is 14.41.
What is the trend?
The trend is important because it shows you how Cognizant is performing over time. The most recent quarter might be important if Cognizant 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 Cognizant 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 Cognizant

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 \ 501,000 = EPS
PE ratio MRQ = 16.95

* 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 Cognizant Technology Solutions Corp Class A:

The EOD is 12.962. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 14.355. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is -55.150. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	12.962	MRQ	14.355	-1.393
MRQ	14.355	TTM	-55.150	+69.505
TTM	-55.150	YOY	25.294	-80.444
TTM	-55.150	5Y	9.704	-64.854
5Y	9.704	10Y	64.497	-54.793

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
EOD	12.962	6.482	+6.480
MRQ	14.355	6.322	+8.033
TTM	-55.150	5.167	-60.317
YOY	25.294	6.466	+18.828
5Y	9.704	7.289	+2.415
10Y	64.497	8.350	+56.147

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Information Technology Services industry mean).
A PB ratio of 2.86 means the investor is paying $2.86 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Cognizant Technology Solutions Corp Class A:

The EOD is 2.583. Based on the equity, the company is underpriced. +1
The MRQ is 2.861. Based on the equity, the company is underpriced. +1
The TTM is 2.633. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	2.583	MRQ	2.861	-0.278
MRQ	2.861	TTM	2.633	+0.228
TTM	2.633	YOY	2.935	-0.303
TTM	2.633	5Y	3.125	-0.492
5Y	3.125	10Y	3.535	-0.410

Compared to industry (Information Technology Services)

Period	Company	Industry (mean)	+/-
EOD	2.583	2.354	+0.229
MRQ	2.861	2.280	+0.581
TTM	2.633	2.328	+0.305
YOY	2.935	2.641	+0.294
5Y	3.125	2.964	+0.161
10Y	3.535	3.215	+0.320

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Cognizant Technology Solutions Corp Class A.

3.1. Institutions holding Cognizant Technology Solutions Corp Class A

Institutions are holding 98.031% of the shares of Cognizant Technology Solutions Corp Class A.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	11.187	0.1073	55693533	-3847634	-6.4621
2023-12-31	Vanguard Group Inc	10.2667	0.0843	51111915	7445089	17.0498
2023-12-31	State Street Corporation	4.7479	0.0868	23636800	1724888	7.8719
2023-12-31	Dodge & Cox	3.7306	0.8904	18572637	-894060	-4.5928
2023-12-31	JPMorgan Chase & Co	3.5921	0.1298	17882898	219084	1.2403
2023-12-31	Pzena Investment Management, LLC	3.4881	4.9304	17365198	-112713	-0.6449
2023-12-31	Bank of New York Mellon Corp	3.3828	0.2579	16841037	-387015	-2.2464
2023-12-31	Geode Capital Management, LLC	2.4802	0.0974	12347596	785730	6.7959
2023-12-31	FMR Inc	2.4124	0.0697	12010069	279256	2.3805
2023-12-31	Amvescap Plc.	2.1021	0.1881	10465168	718074	7.3671
2023-12-31	HSBC Holdings PLC	1.6117	0.5267	8023710	-277027	-3.3374
2023-12-31	Boston Partners Global Investors, Inc	1.5427	0.7687	7680195	-376053	-4.6678
2023-12-31	Amundi	1.3775	0.228	6857705	-207947	-2.9431
2023-12-31	Goldman Sachs Group Inc	1.3171	0.0445	6557286	4366071	199.2534
2023-12-31	Wellington Management Company LLP	1.3051	0.0915	6497569	-58164	-0.8872
2023-12-31	Morgan Stanley - Brokerage Accounts	1.1767	0.039	5858243	1302001	28.5762
2023-12-31	Capital Research Global Investors	1.1526	0.1066	5737941	-2115	-0.0368
2023-12-31	Northern Trust Corp	1.1376	0.0774	5663442	-514105	-8.3222
2023-12-31	First Trust Advisors L.P.	1.1102	0.4555	5527193	-81904	-1.4602
2023-12-31	Dimensional Fund Advisors, Inc.	1.0914	0.1198	5433474	238551	4.592
Total		60.2125	9.2998	299763609	+10320007	+3.4%

3.2. Funds holding Cognizant Technology Solutions Corp Class A

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1555	0.0801	15709624	-33236	-0.2111
2023-12-31	Dodge & Cox Stock I	2.8995	1.0801	14435177	0	0
2024-02-29	Vanguard Institutional 500 Index Trust	2.5152	0.0925	12521565	130958	1.0569
2024-03-28	Invesco QQQ Trust	1.8744	0.2634	9331757	11186	0.12
2024-02-29	Performer (AFRIS)	1.7476	0.0114	8700121	8700121	0
2024-03-28	SPDR® S&P 500 ETF Trust	1.2237	0.0831	6092267	35520	0.5865
2024-02-29	Fidelity 500 Index	1.2079	0.0922	6013671	60514	1.0165
2024-02-29	Vanguard Mid Cap Index Institutional	1.1253	0.2764	5602240	-15018	-0.2674
2024-03-28	iShares Core S&P 500 ETF	1.0369	0.0826	5162108	37888	0.7394
2024-02-29	Vanguard Value Index Inv	0.8417	0.2041	4190414	14558	0.3486
2024-02-29	Hartford Dividend and Growth Y	0.7985	1.8806	3975186	0	0
2024-03-28	JPMorgan Equity Premium Income ETF	0.7827	0.8474	3896506	93708	2.4642
2024-03-28	Technology Select Sector SPDR® ETF	0.6756	0.3765	3363376	3216	0.0957
2024-02-29	Vanguard Institutional Index I	0.6636	0.0922	3303468	-12675	-0.3822
2024-02-29	BlackRock Equity Dividend Instl	0.6195	1.2922	3084252	-8140	-0.2632
2023-12-31	Vanguard Windsor Investor Shares	0.619	0.9825	3081529	0	0
2024-02-29	Vanguard Information Technology ETF	0.6161	0.3183	3067056	17476	0.5731
2024-02-29	Fidelity Select Software & IT Svcs Port	0.6098	1.9347	3035600	0	0
2024-02-29	JPMorgan Large Cap Growth I	0.6094	0.2839	3034012	-1537875	-33.6376
2023-12-31	AMG Yacktman I	0.5524	2.451	2750000	-50000	-1.7857
Total		24.1743	12.7252	120349929	+7448201	+6.2%

3.3. Insider Transactions

Insiders are holding 0.164% of the shares of Cognizant Technology Solutions Corp Class A.

Date	Owner	Type	Amount	Price
2024-03-12	Kathryn Diaz	SELL	900	77.06
2023-06-12	Michael Patsalos-fox	SELL	6926	62.79
2023-06-09	Leo S Jr. Mackay	SELL	4473	61.99
2023-06-02	Robert C Walker	SELL	7000	63.72
2023-05-15	Zein Abdalla	SELL	6926	62.55
2023-05-08	Maureen Breakiron-evans	SELL	6926	62.29

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Cognizant Technology Solutions Corp Class A compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.892	0.602	+48%	0.299	+198%	0.334	+168%	0.409	+118%
Book Value Per Share	-	-	26.401	25.559	+3%	23.217	+14%	22.000	+20%	18.911	+40%
Current Ratio	-	-	2.252	2.234	+1%	2.222	+1%	2.339	-4%	2.896	-22%
Debt To Asset Ratio	-	-	0.284	0.289	-2%	0.310	-8%	0.328	-13%	0.295	-3%
Debt To Equity Ratio	-	-	0.397	0.407	-2%	0.450	-12%	0.492	-19%	0.424	-6%
Dividend Per Share	-	-	0.291	0.292	0%	0.272	+7%	0.246	+19%	0.194	+51%
Eps	-	-	1.114	1.052	+6%	1.103	+1%	0.927	+20%	0.805	+38%
Free Cash Flow Per Share	-	-	1.315	0.997	+32%	1.080	+22%	1.084	+21%	0.909	+45%
Free Cash Flow To Equity Per Share	-	-	0.407	0.200	+103%	0.147	+177%	0.207	+97%	0.321	+27%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	0.960	+4%	0.980	+2%
Intrinsic Value_10Y_max	-	-	47.146	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	18.068	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	4.258	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	3.348	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	13.149	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	8.788	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	22.468	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	12.791	-	-	-	-	-	-	-	-
Market Cap	33952823308.800	-11%	37840530000.000	34039890000.000	+11%	35318497500.000	+7%	36167900750.000	+5%	36666659246.250	+3%
Net Profit Margin	-	-	0.117	0.110	+7%	0.118	0%	0.107	+9%	0.116	+1%
Operating Margin	-	-	0.161	0.154	+5%	0.153	+6%	0.154	+5%	0.168	-4%
Operating Ratio	-	-	0.839	0.849	-1%	0.847	-1%	0.850	-1%	0.838	+0%
Pb Ratio	2.583	-11%	2.861	2.633	+9%	2.935	-3%	3.125	-8%	3.535	-19%
Pe Ratio	15.308	-11%	16.954	16.121	+5%	15.505	+9%	19.138	-11%	5.413	+213%
Price Per Share	68.200	-11%	75.530	67.370	+12%	67.948	+11%	68.218	+11%	65.017	+16%
Price To Free Cash Flow Ratio	12.962	-11%	14.355	-55.150	+484%	25.294	-43%	9.704	+48%	64.497	-78%
Price To Total Gains Ratio	57.616	-11%	63.808	96.079	-34%	165.075	-61%	-1556.912	+2540%	-759.933	+1291%
Quick Ratio	-	-	2.200	1.997	+10%	2.052	+7%	2.219	-1%	3.316	-34%
Return On Assets	-	-	0.030	0.029	+3%	0.033	-8%	0.028	+7%	0.030	-1%
Return On Equity	-	-	0.042	0.041	+2%	0.048	-11%	0.042	+1%	0.043	-2%
Total Gains Per Share	-	-	1.184	0.894	+32%	0.571	+107%	0.579	+104%	0.602	+96%
Usd Book Value	-	-	13227000000.000	12918250000.000	+2%	12047500000.000	+10%	11631000000.000	+14%	10570690350.000	+25%
Usd Book Value Change Per Share	-	-	0.892	0.602	+48%	0.299	+198%	0.334	+168%	0.409	+118%
Usd Book Value Per Share	-	-	26.401	25.559	+3%	23.217	+14%	22.000	+20%	18.911	+40%
Usd Dividend Per Share	-	-	0.291	0.292	0%	0.272	+7%	0.246	+19%	0.194	+51%
Usd Eps	-	-	1.114	1.052	+6%	1.103	+1%	0.927	+20%	0.805	+38%
Usd Free Cash Flow	-	-	659000000.000	503250000.000	+31%	559000000.000	+18%	573650000.000	+15%	506832675.000	+30%
Usd Free Cash Flow Per Share	-	-	1.315	0.997	+32%	1.080	+22%	1.084	+21%	0.909	+45%
Usd Free Cash Flow To Equity Per Share	-	-	0.407	0.200	+103%	0.147	+177%	0.207	+97%	0.321	+27%
Usd Market Cap	33952823308.800	-11%	37840530000.000	34039890000.000	+11%	35318497500.000	+7%	36167900750.000	+5%	36666659246.250	+3%
Usd Price Per Share	68.200	-11%	75.530	67.370	+12%	67.948	+11%	68.218	+11%	65.017	+16%
Usd Profit	-	-	558000000.000	531500000.000	+5%	572500000.000	-3%	489350000.000	+14%	450221675.000	+24%
Usd Revenue	-	-	4758000000.000	4838250000.000	-2%	4857000000.000	-2%	4536150000.000	+5%	3945594525.000	+21%
Usd Total Gains Per Share	-	-	1.184	0.894	+32%	0.571	+107%	0.579	+104%	0.602	+96%
	EOD	+4 -4	MRQ	TTM	+27 -8	YOY	+27 -8	5Y	+32 -4	10Y	+28 -8

4.2. Fundamental Score

Let's check the fundamental score of Cognizant Technology Solutions Corp Class A based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	15.308
Price to Book Ratio (EOD)	Between	0-1	2.583
Net Profit Margin (MRQ)	Greater than	0	0.117
Operating Margin (MRQ)	Greater than	0	0.161
Quick Ratio (MRQ)	Greater than	1	2.200
Current Ratio (MRQ)	Greater than	1	2.252
Debt to Asset Ratio (MRQ)	Less than	1	0.284
Debt to Equity Ratio (MRQ)	Less than	1	0.397
Return on Equity (MRQ)	Greater than	0.15	0.042
Return on Assets (MRQ)	Greater than	0.05	0.030
Total			6/10 (60.0%)

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4.3. Technical Score

Let's check the technical score of Cognizant Technology Solutions Corp Class A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	32.232
Ma 20	Greater than	Ma 50	70.421
Ma 50	Greater than	Ma 100	74.349
Ma 100	Greater than	Ma 200	74.570
Open	Greater than	Close	67.820
Total			1/5 (20.0%)

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Latest Balance Sheet

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

Summary

Total Assets	18,483,000
Total Liabilities	5,256,000
Total Stockholder Equity	13,227,000

	As reported
Total Liabilities	5,256,000
Total Stockholder Equity	+ 13,227,000
Total Assets	= 18,483,000

Assets

Total Assets	18,483,000
Total Current Assets	7,506,000
Long-term Assets	10,977,000

Total Current Assets

Total Current Assets (as reported)	7,506,000
Cash And Cash Equivalents	1,787,000
Short-term Investments	848,000
Net Receivables	3,849,000
Other Current Assets	1,022,000
Total Current Assets (calculated)	7,506,000
+/-	0

Long-term Assets

Long-term Assets (as reported)	10,977,000
Property Plant Equipment	1,659,000
Goodwill	6,085,000
Long Term Investments	80,000
Intangible Assets	1,151,000
Long-term Assets Other	649,000
Long-term Assets (calculated)	9,624,000
+/-	1,353,000

Liabilities & Shareholders' Equity

Total Current Liabilities	3,333,000
Long-term Liabilities	1,923,000
Total Stockholder Equity	13,227,000

Total Current Liabilities

Total Current Liabilities (as reported)	3,333,000
Short-term Debt	186,000
Short Long Term Debt	33,000
Accounts payable	337,000
Other Current Liabilities	2,425,000
Total Current Liabilities (calculated)	2,981,000
+/-	352,000

Long-term Liabilities

Long-term Liabilities (as reported)	1,923,000
Long term Debt	606,000
Capital Lease Obligations	676,000
Long-term Liabilities Other	369,000
Long-term Liabilities (calculated)	1,651,000
+/-	272,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	13,227,000
Common Stock	5,000
Retained Earnings	13,301,000
Accumulated Other Comprehensive Income	-94,000
Other Stockholders Equity	15,000
Total Stockholder Equity (calculated)	13,227,000
+/-	0

Other

Capital Stock	5,000
Cash and Short Term Investments	2,635,000
Common Stock Shares Outstanding	501,000
Current Deferred Revenue	385,000
Liabilities and Stockholders Equity	18,483,000
Net Debt	-472,000
Net Invested Capital	13,866,000
Net Working Capital	4,173,000
Property Plant and Equipment Gross	4,431,000
Short Long Term Debt Total	1,315,000

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

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1998-12-31

1998-09-30

1998-06-30

1998-03-31

> Total Assets

0
40,100
44,700
51,700
53,800
56,400
61,000
69,000
72,809
83,048
95,378
109,540
111,795
123,283
138,573
144,983
154,321
180,792
200,776
231,473
241,692
271,412
313,993
360,589
389,350
442,683
506,842
572,745
604,847
683,208
771,736
869,893
934,327
1,046,066
1,182,512
1,325,981
1,444,690
1,584,354
1,739,013
1,838,306
1,941,657
2,109,781
2,212,228
2,374,560
2,429,045
2,673,287
2,976,482
3,338,240
3,509,747
3,764,154
4,246,279
4,583,074
4,637,873
4,916,702
5,104,115
5,507,933
5,668,125
5,654,219
6,107,039
6,521,571
6,709,302
7,012,320
7,617,149
8,208,914
8,279,299
8,687,294
9,227,043
11,718,916
11,383,400
11,797,600
12,267,600
13,065,400
12,735,900
13,140,100
13,716,700
14,262,000
13,629,000
13,938,000
14,580,000
15,221,000
15,045,000
14,806,000
15,274,000
15,913,000
16,096,000
15,517,000
15,844,000
16,204,000
17,429,000
18,216,000
18,787,000
16,923,000
16,660,000
16,829,000
17,232,000
17,852,000
17,434,000
17,258,000
17,347,000
17,852,000
18,147,000
17,967,000
18,079,000
18,483,000

18,483,000

18,079,000

17,967,000

18,147,000

17,852,000

17,347,000

17,258,000

17,434,000

17,852,000

17,232,000

16,829,000

16,660,000

16,923,000

18,787,000

18,216,000

17,429,000

16,204,000

15,844,000

15,517,000

16,096,000

15,913,000

15,274,000

14,806,000

15,045,000

15,221,000

14,580,000

13,938,000

13,629,000

14,262,000

13,716,700

13,140,100

12,735,900

13,065,400

12,267,600

11,797,600

11,383,400

11,718,916

9,227,043

8,687,294

8,279,299

8,208,914

7,617,149

7,012,320

6,709,302

6,521,571

6,107,039

5,654,219

5,668,125

5,507,933

5,104,115

4,916,702

4,637,873

4,583,074

4,246,279

3,764,154

3,509,747

3,338,240

2,976,482

2,673,287

2,429,045

2,374,560

2,212,228

2,109,781

1,941,657

1,838,306

1,739,013

1,584,354

1,444,690

1,325,981

1,182,512

1,046,066

934,327

869,893

771,736

683,208

604,847

572,745

506,842

442,683

389,350

360,589

313,993

271,412

241,692

231,473

200,776

180,792

154,321

144,983

138,573

123,283

111,795

109,540

95,378

83,048

72,809

69,000

61,000

56,400

53,800

51,700

44,700

40,100

> Total Current Assets

0
32,500
37,100
42,400
43,700
45,100
48,700
56,700
60,544
67,465
77,522
88,223
88,773
99,721
111,264
117,335
127,072
149,944
169,316
175,834
182,542
203,859
242,870
278,497
307,041
360,205
412,004
453,997
482,379
531,858
591,860
663,423
709,133
811,590
921,217
1,040,391
1,137,593
1,229,570
1,353,594
1,242,179
1,116,421
1,268,620
1,321,208
1,468,119
1,525,656
1,763,674
2,016,826
2,307,568
2,469,233
2,804,924
3,234,680
3,518,234
3,535,800
3,757,897
3,812,197
4,085,506
4,196,742
4,152,352
4,541,531
4,814,294
4,836,640
5,133,961
5,739,205
6,147,882
6,290,740
6,740,690
7,260,026
6,750,297
6,406,500
6,771,400
7,237,900
7,908,600
7,570,900
7,758,900
8,199,800
8,600,000
7,842,000
8,099,000
8,557,000
9,111,000
8,990,000
8,303,000
8,727,000
8,677,000
7,883,000
7,206,000
7,391,000
7,611,000
8,325,000
8,531,000
8,619,000
6,851,000
6,595,000
6,451,000
6,995,000
7,342,000
7,077,000
7,023,000
7,317,000
7,266,000
7,228,000
6,951,000
7,127,000
7,506,000

7,506,000

7,127,000

6,951,000

7,228,000

7,266,000

7,317,000

7,023,000

7,077,000

7,342,000

6,995,000

6,451,000

6,595,000

6,851,000

8,619,000

8,531,000

8,325,000

7,611,000

7,391,000

7,206,000

7,883,000

8,677,000

8,727,000

8,303,000

8,990,000

9,111,000

8,557,000

8,099,000

7,842,000

8,600,000

8,199,800

7,758,900

7,570,900

7,908,600

7,237,900

6,771,400

6,406,500

6,750,297

7,260,026

6,740,690

6,290,740

6,147,882

5,739,205

5,133,961

4,836,640

4,814,294

4,541,531

4,152,352

4,196,742

4,085,506

3,812,197

3,757,897

3,535,800

3,518,234

3,234,680

2,804,924

2,469,233

2,307,568

2,016,826

1,763,674

1,525,656

1,468,119

1,321,208

1,268,620

1,116,421

1,242,179

1,353,594

1,229,570

1,137,593

1,040,391

921,217

811,590

709,133

663,423

591,860

531,858

482,379

453,997

412,004

360,205

307,041

278,497

242,870

203,859

182,542

175,834

169,316

149,944

127,072

117,335

111,264

99,721

88,773

88,223

77,522

67,465

60,544

56,700

48,700

45,100

43,700

42,400

37,100

32,500

Cash And Cash Equivalents

0
21,500
26,100
28,400
25,100
29,400
33,700
42,600
40,360
45,209
52,836
61,976
60,966
67,659
79,767
84,977
91,186
103,843
123,082
126,211
126,647
137,739
159,749
194,221
161,985
197,027
250,370
293,446
174,988
180,123
214,909
196,938
165,362
203,105
197,700
265,937
273,038
268,985
296,488
339,845
449,739
521,193
569,262
735,066
758,568
860,377
992,926
1,100,930
1,080,942
1,039,686
1,317,077
1,540,969
1,293,499
1,193,040
1,181,219
1,310,906
1,328,535
1,050,245
1,324,739
1,570,077
1,474,860
1,678,205
2,031,119
2,213,006
1,935,991
1,992,442
2,617,619
2,010,149
1,271,400
1,089,300
1,476,700
2,125,200
1,523,800
1,684,500
1,550,300
2,034,000
1,308,000
1,157,000
1,577,000
1,925,000
1,440,000
901,000
1,339,000
1,161,000
950,000
1,660,000
2,343,000
2,645,000
3,886,000
4,422,000
4,436,000
2,680,000
1,973,000
1,368,000
1,664,000
1,792,000
2,192,000
1,768,000
2,042,000
2,191,000
2,458,000
2,055,000
2,204,000
1,787,000

1,787,000

2,204,000

2,055,000

2,458,000

2,191,000

2,042,000

1,768,000

2,192,000

1,792,000

1,664,000

1,368,000

1,973,000

2,680,000

4,436,000

4,422,000

3,886,000

2,645,000

2,343,000

1,660,000

950,000

1,161,000

1,339,000

901,000

1,440,000

1,925,000

1,577,000

1,157,000

1,308,000

2,034,000

1,550,300

1,684,500

1,523,800

2,125,200

1,476,700

1,089,300

1,271,400

2,010,149

2,617,619

1,992,442

1,935,991

2,213,006

2,031,119

1,678,205

1,474,860

1,570,077

1,324,739

1,050,245

1,328,535

1,310,906

1,181,219

1,193,040

1,293,499

1,540,969

1,317,077

1,039,686

1,080,942

1,100,930

992,926

860,377

758,568

735,066

569,262

521,193

449,739

339,845

296,488

268,985

273,038

265,937

197,700

203,105

165,362

196,938

214,909

180,123

174,988

293,446

250,370

197,027

161,985

194,221

159,749

137,739

126,647

126,211

123,082

103,843

91,186

84,977

79,767

67,659

60,966

61,976

52,836

45,209

40,360

42,600

33,700

29,400

25,100

28,400

26,100

21,500

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
36,874
36,146
20,021
21,315
139,406
146,679
153,587
227,063
257,186
265,095
337,898
382,222
400,063
441,251
512,768
330,580
25,208
29,979
26,134
27,513
50,072
122,795
189,775
298,402
352,939
612,313
611,739
685,419
874,616
1,076,371
1,110,057
1,121,358
1,162,660
1,295,897
1,307,009
1,293,681
1,269,586
1,222,364
1,329,480
1,534,467
1,928,993
2,136,779
2,000,860
1,764,577
2,078,400
2,477,200
2,574,000
2,824,300
2,927,900
2,796,700
3,308,300
3,135,000
2,966,000
3,221,000
3,136,000
3,131,000
3,390,000
3,346,000
3,424,000
3,350,000
2,718,000
1,343,000
734,000
779,000
396,000
160,000
139,000
44,000
185,000
482,000
749,000
927,000
127,000
552,000
689,000
310,000
23,000
40,000
164,000
848,000

848,000

164,000

40,000

23,000

310,000

689,000

552,000

127,000

927,000

749,000

482,000

185,000

44,000

139,000

160,000

396,000

779,000

734,000

1,343,000

2,718,000

3,350,000

3,424,000

3,346,000

3,390,000

3,131,000

3,136,000

3,221,000

2,966,000

3,135,000

3,308,300

2,796,700

2,927,900

2,824,300

2,574,000

2,477,200

2,078,400

1,764,577

2,000,860

2,136,779

1,928,993

1,534,467

1,329,480

1,222,364

1,269,586

1,293,681

1,307,009

1,295,897

1,162,660

1,121,358

1,110,057

1,076,371

874,616

685,419

611,739

612,313

352,939

298,402

189,775

122,795

50,072

27,513

26,134

29,979

25,208

330,580

512,768

441,251

400,063

382,222

337,898

265,095

257,186

227,063

153,587

146,679

139,406

21,315

20,021

36,146

36,874

Net Receivables

0
8,900
8,500
12,200
16,300
13,600
13,200
11,100
16,444
17,454
20,055
22,489
23,670
27,579
27,206
27,966
29,785
38,115
39,357
41,005
46,833
52,234
74,982
61,796
84,232
90,038
103,733
110,517
131,194
165,678
171,588
176,696
217,683
266,259
296,722
298,475
347,763
403,599
428,501
436,456
519,396
583,132
599,950
579,639
600,707
635,916
684,770
709,240
812,325
933,691
1,065,136
1,014,268
1,123,150
1,227,592
1,268,076
1,318,670
1,421,258
1,503,887
1,577,195
1,528,746
1,702,334
1,785,227
1,891,186
1,875,272
1,970,954
2,120,580
2,147,131
2,293,264
2,448,100
2,548,700
2,556,600
2,621,600
2,751,300
2,878,500
2,915,700
2,905,000
3,039,000
3,089,000
3,292,000
3,222,000
3,145,000
3,204,000
3,187,000
3,257,000
3,377,000
3,386,000
3,438,000
3,256,000
3,220,000
3,208,000
3,118,000
3,087,000
3,232,000
3,419,000
3,510,000
3,557,000
3,663,000
3,785,000
3,686,000
3,796,000
3,718,000
3,755,000
3,807,000
3,849,000

3,849,000

3,807,000

3,755,000

3,718,000

3,796,000

3,686,000

3,785,000

3,663,000

3,557,000

3,510,000

3,419,000

3,232,000

3,087,000

3,118,000

3,208,000

3,220,000

3,256,000

3,438,000

3,386,000

3,377,000

3,257,000

3,187,000

3,204,000

3,145,000

3,222,000

3,292,000

3,089,000

3,039,000

2,905,000

2,915,700

2,878,500

2,751,300

2,621,600

2,556,600

2,548,700

2,448,100

2,293,264

2,147,131

2,120,580

1,970,954

1,875,272

1,891,186

1,785,227

1,702,334

1,528,746

1,577,195

1,503,887

1,421,258

1,318,670

1,268,076

1,227,592

1,123,150

1,014,268

1,065,136

933,691

812,325

709,240

684,770

635,916

600,707

579,639

599,950

583,132

519,396

436,456

428,501

403,599

347,763

298,475

296,722

266,259

217,683

176,696

171,588

165,678

131,194

110,517

103,733

90,038

84,232

61,796

74,982

52,234

46,833

41,005

39,357

38,115

29,785

27,966

27,206

27,579

23,670

22,489

20,055

17,454

16,444

11,100

13,200

13,600

16,300

12,200

8,500

8,900

Other Current Assets

0
2,100
2,500
1,800
2,300
2,100
1,800
3,000
3,740
4,802
4,631
3,758
4,137
4,483
4,291
4,392
6,101
7,986
6,877
8,618
9,062
13,886
8,139
22,480
23,950
36,994
37,880
11,904
15,263
15,826
21,733
19,974
25,055
26,298
30,355
32,500
43,605
37,007
46,662
59,828
54,635
68,953
74,873
77,586
71,831
99,224
97,419
125,205
162,220
160,072
171,569
181,414
176,415
180,138
144,770
225,530
189,648
198,172
166,424
219,896
206,364
220,034
218,785
268,907
254,372
257,048
234,942
352,613
336,900
322,700
264,700
337,500
367,900
399,200
425,500
526,000
529,000
632,000
552,000
833,000
856,000
852,000
777,000
909,000
838,000
817,000
876,000
931,000
823,000
741,000
926,000
1,040,000
1,205,000
1,182,000
1,072,000
1,066,000
1,095,000
918,000
900,000
969,000
1,029,000
1,101,000
952,000
1,022,000

1,022,000

952,000

1,101,000

1,029,000

969,000

900,000

918,000

1,095,000

1,066,000

1,072,000

1,182,000

1,205,000

1,040,000

926,000

741,000

823,000

931,000

876,000

817,000

838,000

909,000

777,000

852,000

856,000

833,000

552,000

632,000

529,000

526,000

425,500

399,200

367,900

337,500

264,700

322,700

336,900

352,613

234,942

257,048

254,372

268,907

218,785

220,034

206,364

219,896

166,424

198,172

189,648

225,530

144,770

180,138

176,415

181,414

171,569

160,072

162,220

125,205

97,419

99,224

71,831

77,586

74,873

68,953

54,635

59,828

46,662

37,007

43,605

32,500

30,355

26,298

25,055

19,974

21,733

15,826

15,263

11,904

37,880

36,994

23,950

22,480

8,139

13,886

9,062

8,618

6,877

7,986

6,101

4,392

4,291

4,483

4,137

3,758

4,631

4,802

3,740

3,000

1,800

2,100

2,300

1,800

2,500

2,100

> Long-term Assets

0
7,600
7,600
9,300
10,100
11,300
12,300
12,300
12,265
15,583
17,856
21,317
23,022
23,562
27,309
27,648
27,249
30,848
31,460
55,639
59,150
67,553
71,123
82,092
82,309
82,478
94,838
118,748
122,468
151,350
179,876
206,470
225,194
234,476
261,295
285,590
307,097
354,784
385,419
596,127
825,236
841,161
891,020
906,441
903,389
909,613
959,656
1,030,672
1,040,514
959,230
1,011,599
1,064,840
1,102,073
1,158,805
1,291,918
1,422,427
1,471,383
1,501,867
1,565,508
1,707,277
1,872,662
1,878,359
1,877,944
2,061,032
1,988,559
1,946,604
1,967,017
4,968,619
4,976,900
5,026,200
5,029,700
5,156,800
5,165,000
5,381,200
5,516,900
5,662,000
5,787,000
5,839,000
6,023,000
6,110,000
6,055,000
6,503,000
6,547,000
7,236,000
8,213,000
8,311,000
8,453,000
8,593,000
9,104,000
9,685,000
10,168,000
10,072,000
10,065,000
10,378,000
10,237,000
10,510,000
10,357,000
10,235,000
10,030,000
10,586,000
10,919,000
11,016,000
10,952,000
10,977,000

10,977,000

10,952,000

11,016,000

10,919,000

10,586,000

10,030,000

10,235,000

10,357,000

10,510,000

10,237,000

10,378,000

10,065,000

10,072,000

10,168,000

9,685,000

9,104,000

8,593,000

8,453,000

8,311,000

8,213,000

7,236,000

6,547,000

6,503,000

6,055,000

6,110,000

6,023,000

5,839,000

5,787,000

5,662,000

5,516,900

5,381,200

5,165,000

5,156,800

5,029,700

5,026,200

4,976,900

4,968,619

1,967,017

1,946,604

1,988,559

2,061,032

1,877,944

1,878,359

1,872,662

1,707,277

1,565,508

1,501,867

1,471,383

1,422,427

1,291,918

1,158,805

1,102,073

1,064,840

1,011,599

959,230

1,040,514

1,030,672

959,656

909,613

903,389

906,441

891,020

841,161

825,236

596,127

385,419

354,784

307,097

285,590

261,295

234,476

225,194

206,470

179,876

151,350

122,468

118,748

94,838

82,478

82,309

82,092

71,123

67,553

59,150

55,639

31,460

30,848

27,249

27,648

27,309

23,562

23,022

21,317

17,856

15,583

12,265

12,300

11,300

10,100

9,300

7,600

Property Plant Equipment

0
5,400
5,500
6,300
6,900
8,300
9,300
9,500
9,376
10,510
12,859
15,937
17,641
18,370
22,197
24,339
24,247
25,165
25,906
39,090
42,766
47,765
51,656
58,438
57,813
58,110
70,075
90,705
94,638
108,522
126,515
146,982
161,577
179,277
198,108
220,154
235,937
265,749
291,629
356,047
393,251
409,810
453,350
455,254
456,301
446,926
460,237
481,516
478,363
504,769
521,497
570,448
601,699
614,494
664,609
758,034
784,975
837,683
878,561
971,486
1,008,198
1,017,705
1,011,803
1,081,164
1,090,885
1,086,116
1,101,468
1,247,205
1,268,000
1,277,300
1,278,900
1,271,400
1,270,000
1,287,400
1,323,300
1,311,000
1,306,000
1,284,000
1,304,000
1,324,000
1,333,000
1,345,000
1,362,000
1,394,000
2,123,000
2,184,000
2,223,000
2,235,000
2,249,000
2,347,000
2,317,000
2,264,000
2,230,000
2,229,000
2,135,000
2,104,000
2,086,000
2,028,000
1,978,000
1,977,000
1,944,000
1,875,000
1,766,000
1,659,000

1,659,000

1,766,000

1,875,000

1,944,000

1,977,000

1,978,000

2,028,000

2,086,000

2,104,000

2,135,000

2,229,000

2,230,000

2,264,000

2,317,000

2,347,000

2,249,000

2,235,000

2,223,000

2,184,000

2,123,000

1,394,000

1,362,000

1,345,000

1,333,000

1,324,000

1,304,000

1,284,000

1,306,000

1,311,000

1,323,300

1,287,400

1,270,000

1,271,400

1,278,900

1,277,300

1,268,000

1,247,205

1,101,468

1,086,116

1,090,885

1,081,164

1,011,803

1,017,705

1,008,198

971,486

878,561

837,683

784,975

758,034

664,609

614,494

601,699

570,448

521,497

504,769

478,363

481,516

460,237

446,926

456,301

455,254

453,350

409,810

393,251

356,047

291,629

265,749

235,937

220,154

198,108

179,277

161,577

146,982

126,515

108,522

94,638

90,705

70,075

58,110

57,813

58,438

51,656

47,765

42,766

39,090

25,906

25,165

24,247

24,339

22,197

18,370

17,641

15,937

12,859

10,510

9,376

9,500

9,300

8,300

6,900

6,300

5,500

5,400

Goodwill

0
2,000
1,900
1,800
1,800
1,700
1,600
1,500
1,433
1,354
1,275
1,195
1,116
1,036
957
878
878
878
878
878
878
16,770
16,436
20,913
21,343
5,647
5,603
9,701
9,684
18,907
18,289
18,223
18,270
18,430
26,775
27,190
27,262
43,351
43,596
148,789
151,380
157,737
156,298
154,035
155,006
154,196
160,881
192,372
193,898
214,814
222,844
223,963
224,009
224,136
289,056
288,772
289,904
289,211
301,403
309,185
407,349
412,647
417,959
444,236
445,182
449,541
437,776
2,413,564
2,403,600
2,405,300
2,403,600
2,404,700
2,461,800
2,457,900
2,482,000
2,554,000
2,563,000
2,576,000
2,608,000
2,704,000
2,713,000
3,036,000
3,037,000
3,481,000
3,638,000
3,651,000
3,694,000
3,979,000
4,014,000
4,391,000
4,931,000
5,031,000
5,219,000
5,457,000
5,451,000
5,620,000
5,605,000
5,517,000
5,425,000
5,710,000
6,040,000
6,065,000
6,013,000
6,085,000

6,085,000

6,013,000

6,065,000

6,040,000

5,710,000

5,425,000

5,517,000

5,605,000

5,620,000

5,451,000

5,457,000

5,219,000

5,031,000

4,931,000

4,391,000

4,014,000

3,979,000

3,694,000

3,651,000

3,638,000

3,481,000

3,037,000

3,036,000

2,713,000

2,704,000

2,608,000

2,576,000

2,563,000

2,554,000

2,482,000

2,457,900

2,461,800

2,404,700

2,403,600

2,405,300

2,403,600

2,413,564

437,776

449,541

445,182

444,236

417,959

412,647

407,349

309,185

301,403

289,211

289,904

288,772

289,056

224,136

224,009

223,963

222,844

214,814

193,898

192,372

160,881

154,196

155,006

154,035

156,298

157,737

151,380

148,789

43,596

43,351

27,262

27,190

26,775

18,430

18,270

18,223

18,289

18,907

9,684

9,701

5,603

5,647

21,343

20,913

16,436

16,770

878

957

1,036

1,116

1,195

1,275

1,354

1,433

1,500

1,600

1,700

1,800

1,900

2,000

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
160,782
157,032
151,131
137,447
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
59,600
60,600
62,000
110,000
198,000
262,000
235,000
83,000
80,000
93,000
80,000
79,000
80,000
79,000
17,000
433,000
429,000
441,000
440,000
439,000
433,000
466,000
463,000
458,000
443,000
431,000
427,000
424,000
425,000
432,000
80,000

80,000

432,000

425,000

424,000

427,000

431,000

443,000

458,000

463,000

466,000

433,000

439,000

440,000

441,000

429,000

433,000

17,000

79,000

80,000

79,000

80,000

93,000

80,000

83,000

235,000

262,000

198,000

110,000

62,000

60,600

59,600

137,447

151,131

157,032

160,782

Intangible Assets

0
2,000
1,900
1,800
1,800
1,700
1,600
1,500
1,433
1,354
1,275
1,195
1,116
1,036
957
878
878
878
878
12,870
13,408
16,770
16,436
20,913
21,343
20,712
20,230
21,827
21,204
35,112
35,166
34,500
15,803
15,414
21,467
20,463
19,367
14,755
14,156
45,565
44,580
47,165
44,855
47,790
47,037
45,858
65,474
75,757
76,745
92,972
89,517
85,136
81,790
87,850
102,567
97,616
93,421
86,530
87,583
87,475
122,501
121,991
118,141
131,274
124,735
120,952
109,692
953,749
928,400
906,100
881,400
864,300
862,300
961,400
936,900
951,000
923,000
894,000
957,000
981,000
955,000
1,060,000
1,021,000
1,150,000
1,185,000
1,161,000
1,192,000
1,041,000
1,005,000
1,026,000
1,087,000
1,046,000
1,110,000
1,219,000
1,198,000
1,218,000
1,167,000
1,101,000
1,038,000
1,168,000
1,262,000
1,228,000
1,174,000
1,151,000

1,151,000

1,174,000

1,228,000

1,262,000

1,168,000

1,038,000

1,101,000

1,167,000

1,218,000

1,198,000

1,219,000

1,110,000

1,046,000

1,087,000

1,026,000

1,005,000

1,041,000

1,192,000

1,161,000

1,185,000

1,150,000

1,021,000

1,060,000

955,000

981,000

957,000

894,000

923,000

951,000

936,900

961,400

862,300

864,300

881,400

906,100

928,400

953,749

109,692

120,952

124,735

131,274

118,141

121,991

122,501

87,475

87,583

86,530

93,421

97,616

102,567

87,850

81,790

85,136

89,517

92,972

76,745

75,757

65,474

45,858

47,037

47,790

44,855

47,165

44,580

45,565

14,156

14,755

19,367

20,463

21,467

15,414

15,803

34,500

35,166

35,112

21,204

21,827

20,230

20,712

21,343

20,913

16,436

16,770

13,408

12,870

878

957

1,036

1,116

1,195

1,275

1,354

1,433

1,500

1,600

1,700

1,800

1,900

2,000

Other Assets

0
0
0
0
0
0
0
0
2,889
5,073
4,997
5,380
5,381
5,192
5,112
3,309
3,002
5,683
5,554
16,549
16,384
19,788
19,467
23,654
24,496
24,368
24,763
28,043
27,830
42,828
53,361
59,488
63,617
55,199
63,187
65,436
71,160
89,035
93,790
240,080
431,985
431,351
437,670
451,187
447,088
462,687
499,419
549,156
562,151
454,461
490,102
494,392
500,374
544,311
627,309
664,393
686,408
664,184
686,947
735,791
864,464
860,654
866,141
979,868
897,674
860,488
865,549
3,721,414
3,708,900
3,748,900
3,750,800
3,885,400
3,895,000
4,093,800
4,193,600
4,351,000
4,481,000
4,555,000
4,719,000
4,786,000
971,000
982,000
1,034,000
1,131,000
1,188,000
1,235,000
1,265,000
1,321,000
1,796,000
1,883,000
2,837,000
2,744,000
1,067,000
1,040,000
987,000
1,105,000
1,430,000
1,146,000
1,521,000
1,661,000
-10,586,000
1,783,000
0
0

1,783,000

-10,586,000

1,661,000

1,521,000

1,146,000

1,430,000

1,105,000

987,000

1,040,000

1,067,000

2,744,000

2,837,000

1,883,000

1,796,000

1,321,000

1,265,000

1,235,000

1,188,000

1,131,000

1,034,000

982,000

971,000

4,786,000

4,719,000

4,555,000

4,481,000

4,351,000

4,193,600

4,093,800

3,895,000

3,885,400

3,750,800

3,748,900

3,708,900

3,721,414

865,549

860,488

897,674

979,868

866,141

860,654

864,464

735,791

686,947

664,184

686,408

664,393

627,309

544,311

500,374

494,392

490,102

454,461

562,151

549,156

499,419

462,687

447,088

451,187

437,670

431,351

431,985

240,080

93,790

89,035

71,160

65,436

63,187

55,199

63,617

59,488

53,361

42,828

27,830

28,043

24,763

24,368

24,496

23,654

19,467

19,788

16,384

16,549

5,554

5,683

3,002

3,309

5,112

5,192

5,381

5,380

4,997

5,073

2,889

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
58,919
72,036
80,618
86,584
87,286
105,322
109,808
112,306
112,846
135,570
164,192
164,074
167,462
154,927
178,824
164,967
165,942
160,746
221,345
140,568
123,295
142,733
144,438
153,300
159,800
203,700
347,800
295,000
328,700
385,300
425,000
458,000
457,000
464,000
418,000
394,000
367,000
391,000
442,000
464,000
468,000
492,000
585,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

585,000

492,000

468,000

464,000

442,000

391,000

367,000

394,000

418,000

464,000

457,000

458,000

425,000

385,300

328,700

295,000

347,800

203,700

159,800

153,300

144,438

142,733

123,295

140,568

221,345

160,746

165,942

164,967

178,824

154,927

167,462

164,074

164,192

135,570

112,846

112,306

109,808

105,322

87,286

86,584

80,618

72,036

58,919

> Total Liabilities

0
12,000
14,800
19,100
18,300
18,300
19,900
23,500
23,502
28,422
35,246
43,424
38,951
40,330
46,077
46,191
47,368
57,699
58,154
65,992
62,062
68,015
77,024
86,519
85,137
93,134
112,733
119,216
97,761
118,020
130,089
155,748
141,176
171,873
215,954
252,482
247,361
267,111
295,506
370,096
340,631
355,407
369,199
408,982
356,334
405,590
540,264
685,063
623,378
723,267
879,095
998,643
873,684
964,853
1,164,593
1,555,047
1,300,876
1,561,886
1,534,669
1,667,188
1,493,368
1,688,572
1,968,873
2,073,123
1,656,342
1,696,465
1,845,333
3,978,698
3,204,900
3,256,800
3,440,600
3,787,300
3,123,600
3,277,200
3,424,400
3,534,000
3,646,000
3,455,000
3,601,000
4,552,000
4,057,000
4,158,000
4,296,000
4,489,000
4,960,000
4,960,000
5,142,000
5,182,000
6,816,000
7,244,000
7,647,000
6,087,000
5,623,000
5,624,000
5,686,000
5,861,000
5,461,000
5,308,000
5,389,000
5,543,000
5,486,000
5,064,000
5,197,000
5,256,000

5,256,000

5,197,000

5,064,000

5,486,000

5,543,000

5,389,000

5,308,000

5,461,000

5,861,000

5,686,000

5,624,000

5,623,000

6,087,000

7,647,000

7,244,000

6,816,000

5,182,000

5,142,000

4,960,000

4,489,000

4,296,000

4,158,000

4,057,000

4,552,000

3,601,000

3,455,000

3,646,000

3,534,000

3,424,400

3,277,200

3,123,600

3,787,300

3,440,600

3,256,800

3,204,900

3,978,698

1,845,333

1,696,465

1,656,342

2,073,123

1,968,873

1,688,572

1,493,368

1,667,188

1,534,669

1,561,886

1,300,876

1,555,047

1,164,593

964,853

873,684

998,643

879,095

723,267

623,378

685,063

540,264

405,590

356,334

408,982

369,199

355,407

340,631

370,096

295,506

267,111

247,361

252,482

215,954

171,873

141,176

155,748

130,089

118,020

97,761

119,216

112,733

93,134

85,137

86,519

77,024

68,015

62,062

65,992

58,154

57,699

47,368

46,191

46,077

40,330

38,951

43,424

35,246

28,422

23,502

23,500

19,900

18,300

19,100

14,800

12,000

> Total Current Liabilities

0
8,100
9,900
13,000
10,700
10,300
11,400
13,200
11,502
14,557
19,820
26,722
20,536
20,191
23,700
21,698
22,364
32,108
32,682
41,487
37,525
41,591
49,570
62,636
62,839
72,625
96,284
115,060
96,534
118,020
130,089
155,748
138,874
169,320
213,281
249,503
239,334
259,119
286,354
340,684
312,660
328,447
345,898
387,577
340,520
389,858
508,374
646,608
578,147
645,598
804,169
930,726
801,713
887,351
1,040,730
1,209,705
1,021,245
1,151,095
1,275,588
1,377,330
1,225,843
1,357,297
1,602,038
1,774,508
1,502,866
1,567,662
1,741,464
2,592,094
1,884,100
1,956,500
2,128,400
2,713,700
2,050,400
2,120,000
2,300,700
2,418,000
2,585,000
2,415,000
2,600,000
2,839,000
2,469,000
2,537,000
2,693,000
2,777,000
2,720,000
2,824,000
2,919,000
2,983,000
2,872,000
3,212,000
3,296,000
3,540,000
3,150,000
3,183,000
3,319,000
3,529,000
3,186,000
3,153,000
3,223,000
3,347,000
3,321,000
3,056,000
3,191,000
3,333,000

3,333,000

3,191,000

3,056,000

3,321,000

3,347,000

3,223,000

3,153,000

3,186,000

3,529,000

3,319,000

3,183,000

3,150,000

3,540,000

3,296,000

3,212,000

2,872,000

2,983,000

2,919,000

2,824,000

2,720,000

2,777,000

2,693,000

2,537,000

2,469,000

2,839,000

2,600,000

2,415,000

2,585,000

2,418,000

2,300,700

2,120,000

2,050,400

2,713,700

2,128,400

1,956,500

1,884,100

2,592,094

1,741,464

1,567,662

1,502,866

1,774,508

1,602,038

1,357,297

1,225,843

1,377,330

1,275,588

1,151,095

1,021,245

1,209,705

1,040,730

887,351

801,713

930,726

804,169

645,598

578,147

646,608

508,374

389,858

340,520

387,577

345,898

328,447

312,660

340,684

286,354

259,119

239,334

249,503

213,281

169,320

138,874

155,748

130,089

118,020

96,534

115,060

96,284

72,625

62,839

62,636

49,570

41,591

37,525

41,487

32,682

32,108

22,364

21,698

23,700

20,191

20,536

26,722

19,820

14,557

11,502

13,200

11,400

10,300

10,700

13,000

9,900

8,100

Short-term Debt

0
0
0
0
8,900
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
79,260
0
0
0
0
0
0
0
0
0
0
0
223,251
0
0
0
0
0
0
0
0
0
0
0
0
0
705,446
0
905,056
727,487
775,330
941,346
896,568
750,432
846,622
1,010,302
1,165,065
882,856
1,005,626
1,178,907
700,002
150,000
150,000
50,000
406,300
162,500
68,800
75,000
81,000
437,000
244,000
100,000
175,000
100,000
100,000
100,000
9,000
203,000
229,000
233,000
240,000
235,000
244,000
251,000
249,000
240,000
242,000
238,000
233,000
232,000
216,000
173,000
182,000
189,000
195,000
197,000
186,000

186,000

197,000

195,000

189,000

182,000

173,000

216,000

232,000

233,000

238,000

242,000

240,000

249,000

251,000

244,000

235,000

240,000

233,000

229,000

203,000

9,000

100,000

175,000

100,000

244,000

437,000

81,000

75,000

68,800

162,500

406,300

50,000

150,000

700,002

1,178,907

1,005,626

882,856

1,165,065

1,010,302

846,622

750,432

896,568

941,346

775,330

727,487

905,056

705,446

223,251

79,260

8,900

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
50,000
0
0
0
56,000
162,500
68,800
75,000
81,000
437,000
991,000
100,000
100,000
100,000
100,000
100,000
9,000
19,000
28,000
38,000
38,000
38,000
38,000
38,000
38,000
38,000
38,000
38,000
38,000
38,000
38,000
0
8,000
16,000
24,000
33,000
33,000

33,000

24,000

16,000

8,000

38,000

28,000

19,000

9,000

100,000

991,000

437,000

81,000

75,000

68,800

162,500

56,000

50,000

Accounts payable

0
900
900
1,700
1,700
1,100
1,200
1,400
1,771
1,523
1,903
2,857
2,230
2,020
3,011
3,652
3,560
4,607
4,817
6,948
5,643
6,839
6,289
9,423
8,468
9,169
11,739
11,190
13,107
16,363
15,004
16,420
21,439
24,871
27,648
27,839
36,935
24,619
29,775
36,176
47,450
50,809
45,753
39,970
55,713
45,739
53,403
54,640
85,630
80,986
93,945
75,373
117,595
89,057
78,183
72,205
109,983
104,411
111,420
108,707
132,501
94,069
114,825
113,394
176,374
119,145
130,040
145,687
181,400
169,000
160,100
165,300
213,200
164,500
171,500
175,000
189,000
179,000
186,000
210,000
293,000
217,000
223,000
215,000
262,000
254,000
246,000
239,000
289,000
359,000
420,000
389,000
349,000
351,000
351,000
361,000
394,000
357,000
367,000
360,000
332,000
318,000
325,000
337,000

337,000

325,000

318,000

332,000

360,000

367,000

357,000

394,000

361,000

351,000

349,000

389,000

420,000

359,000

289,000

239,000

246,000

254,000

262,000

215,000

223,000

217,000

293,000

210,000

186,000

179,000

189,000

175,000

171,500

164,500

213,200

165,300

160,100

169,000

181,400

145,687

130,040

119,145

176,374

113,394

114,825

94,069

132,501

108,707

111,420

104,411

109,983

72,205

78,183

89,057

117,595

75,373

93,945

80,986

85,630

54,640

53,403

45,739

55,713

39,970

45,753

50,809

47,450

36,176

29,775

24,619

36,935

27,839

27,648

24,871

21,439

16,420

15,004

16,363

13,107

11,190

11,739

9,169

8,468

9,423

6,289

6,839

5,643

6,948

4,817

4,607

3,560

3,652

3,011

2,020

2,230

2,857

1,903

1,523

1,771

1,400

1,200

1,100

1,700

900

Other Current Liabilities

0
7,200
9,000
11,300
100
9,200
10,200
11,800
9,731
13,034
17,917
23,865
18,306
18,171
20,689
18,046
18,804
27,501
27,865
34,539
31,882
34,752
43,281
53,213
54,371
63,456
84,545
9,566
83,427
101,657
115,085
119,461
117,435
144,449
185,633
202,263
186,761
219,496
237,510
52,237
238,838
253,389
271,573
309,484
253,101
312,012
418,194
540,363
438,941
507,791
652,272
770,763
602,097
8,219
874,654
126,731
75,958
164,729
106,395
222,359
204,706
282,414
334,974
313,156
277,132
263,231
263,132
1,522,291
1,221,800
1,348,700
1,655,600
1,818,400
1,325,100
1,565,000
1,772,500
1,856,000
1,562,000
1,655,000
1,981,000
2,071,000
1,716,000
1,912,000
2,126,000
2,267,000
1,915,000
2,056,000
2,175,000
2,191,000
1,994,000
2,290,000
2,340,000
2,519,000
2,158,000
2,234,000
2,418,000
2,532,000
2,105,000
2,172,000
2,338,000
2,407,000
2,331,000
2,163,000
2,367,000
2,425,000

2,425,000

2,367,000

2,163,000

2,331,000

2,407,000

2,338,000

2,172,000

2,105,000

2,532,000

2,418,000

2,234,000

2,158,000

2,519,000

2,340,000

2,290,000

1,994,000

2,191,000

2,175,000

2,056,000

1,915,000

2,267,000

2,126,000

1,912,000

1,716,000

2,071,000

1,981,000

1,655,000

1,562,000

1,856,000

1,772,500

1,565,000

1,325,100

1,818,400

1,655,600

1,348,700

1,221,800

1,522,291

263,132

263,231

277,132

313,156

334,974

282,414

204,706

222,359

106,395

164,729

75,958

126,731

874,654

8,219

602,097

770,763

652,272

507,791

438,941

540,363

418,194

312,012

253,101

309,484

271,573

253,389

238,838

52,237

237,510

219,496

186,761

202,263

185,633

144,449

117,435

119,461

115,085

101,657

83,427

9,566

84,545

63,456

54,371

53,213

43,281

34,752

31,882

34,539

27,865

27,501

18,804

18,046

20,689

18,171

18,306

23,865

17,917

13,034

9,731

11,800

10,200

9,200

100

11,300

9,000

7,200

> Long-term Liabilities

0
3,900
4,900
6,100
7,600
8,000
8,500
10,300
12,000
13,865
15,426
16,702
18,415
20,139
22,377
24,493
25,004
25,591
25,472
24,505
24,537
26,424
27,454
23,883
22,298
20,509
16,449
4,156
1,227
0
0
2,000
2,302
2,553
2,673
2,979
8,027
7,992
9,152
29,412
27,971
26,960
23,301
21,405
15,814
15,732
31,890
38,455
45,231
77,669
74,926
67,917
71,971
77,502
123,863
345,342
279,631
410,791
259,081
289,858
267,525
331,275
366,835
298,615
153,476
128,803
103,869
1,386,604
1,320,800
1,300,300
1,312,200
1,073,600
1,073,200
1,157,200
1,123,700
1,116,000
1,061,000
1,040,000
1,001,000
1,713,000
1,588,000
1,621,000
1,603,000
1,712,000
2,240,000
2,136,000
2,223,000
2,199,000
3,944,000
4,032,000
4,351,000
2,547,000
2,473,000
2,441,000
2,367,000
2,332,000
2,275,000
2,155,000
2,166,000
2,196,000
2,165,000
2,008,000
2,006,000
1,923,000

1,923,000

2,006,000

2,008,000

2,165,000

2,196,000

2,166,000

2,155,000

2,275,000

2,332,000

2,367,000

2,441,000

2,473,000

2,547,000

4,351,000

4,032,000

3,944,000

2,199,000

2,223,000

2,136,000

2,240,000

1,712,000

1,603,000

1,621,000

1,588,000

1,713,000

1,001,000

1,040,000

1,061,000

1,116,000

1,123,700

1,157,200

1,073,200

1,073,600

1,312,200

1,300,300

1,320,800

1,386,604

103,869

128,803

153,476

298,615

366,835

331,275

267,525

289,858

259,081

410,791

279,631

345,342

123,863

77,502

71,971

67,917

74,926

77,669

45,231

38,455

31,890

15,732

15,814

21,405

23,301

26,960

27,971

29,412

9,152

7,992

8,027

2,979

2,673

2,553

2,302

2,000

1,227

4,156

16,449

20,509

22,298

23,883

27,454

26,424

24,537

24,505

25,472

25,591

25,004

24,493

22,377

20,139

18,415

16,702

15,426

13,865

12,000

10,300

8,500

8,000

7,600

6,100

4,900

3,900

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
937,500
925,000
912,500
900,000
881,200
858,400
840,000
821,600
797,000
772,000
747,000
723,000
698,000
673,000
649,000
624,000
736,000
727,000
718,000
709,000
700,000
2,430,000
2,421,000
2,412,000
663,000
654,000
645,000
636,000
626,000
617,000
608,000
636,000
638,000
630,000
622,000
0
0

622,000

630,000

638,000

636,000

608,000

617,000

626,000

636,000

645,000

654,000

663,000

2,412,000

2,421,000

2,430,000

700,000

709,000

718,000

727,000

736,000

624,000

649,000

673,000

698,000

723,000

747,000

772,000

797,000

821,600

840,000

858,400

881,200

900,000

912,500

925,000

937,500

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
58,919
72,036
80,618
86,584
87,286
105,322
109,808
112,306
112,846
135,570
164,192
164,074
167,462
154,927
178,824
164,967
165,942
160,746
221,345
140,568
123,295
142,733
144,438
153,300
159,800
203,700
347,800
295,000
328,700
385,300
425,000
458,000
457,000
464,000
418,000
394,000
367,000
391,000
442,000
464,000
468,000
492,000
585,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

585,000

492,000

468,000

464,000

442,000

391,000

367,000

394,000

418,000

464,000

457,000

458,000

425,000

385,300

328,700

295,000

347,800

203,700

159,800

153,300

144,438

142,733

123,295

140,568

221,345

160,746

165,942

164,967

178,824

154,927

167,462

164,074

164,192

135,570

112,846

112,306

109,808

105,322

87,286

86,584

80,618

72,036

58,919

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,302
2,553
2,673
2,979
8,027
7,992
9,152
14,267
15,469
16,507
15,268
14,111
13,977
15,108
31,890
38,455
45,231
71,598
68,850
62,971
68,101
73,944
120,258
342,003
276,653
407,718
254,488
287,081
252,684
316,727
352,041
277,445
133,201
108,941
85,828
197,380
158,500
154,200
182,200
189,100
205,700
314,200
298,400
313,000
283,000
288,000
273,000
869,000
915,000
972,000
979,000
915,000
845,000
723,000
766,000
739,000
780,000
809,000
1,119,000
1,038,000
998,000
954,000
927,000
923,000
900,000
800,000
819,000
836,000
847,000
0
0
0

847,000

836,000

819,000

800,000

900,000

923,000

927,000

954,000

998,000

1,038,000

1,119,000

809,000

780,000

739,000

766,000

723,000

845,000

915,000

979,000

972,000

915,000

869,000

273,000

288,000

283,000

313,000

298,400

314,200

205,700

189,100

182,200

154,200

158,500

197,380

85,828

108,941

133,201

277,445

352,041

316,727

252,684

287,081

254,488

407,718

276,653

342,003

120,258

73,944

68,101

62,971

68,850

71,598

45,231

38,455

31,890

15,108

13,977

14,111

15,268

16,507

15,469

14,267

9,152

7,992

8,027

2,979

2,673

2,553

2,302

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
624
0
0
0
6,071
6,076
4,946
3,870
3,558
3,605
3,339
2,978
3,073
4,593
2,777
14,841
14,548
14,794
21,170
20,275
19,862
18,041
332,680
284,600
283,900
283,000
52,600
76,700
178,600
158,300
157,000
134,000
138,000
119,000
250,000
183,000
222,000
229,000
245,000
241,000
107,000
128,000
58,000
73,000
74,000
342,000
242,000
236,000
425,000
406,000
394,000
236,000
231,000
207,000
199,000
247,000
250,000
0
0

250,000

247,000

199,000

207,000

231,000

236,000

394,000

406,000

425,000

236,000

242,000

342,000

74,000

73,000

58,000

128,000

107,000

241,000

245,000

229,000

222,000

183,000

250,000

119,000

138,000

134,000

157,000

158,300

178,600

76,700

52,600

283,000

283,900

284,600

332,680

18,041

19,862

20,275

21,170

14,794

14,548

14,841

2,777

4,593

3,073

2,978

3,339

3,605

3,558

3,870

4,946

6,076

6,071

624

> Total Stockholder Equity

0
28,100
29,900
32,600
35,500
38,100
41,100
45,500
49,307
54,626
60,132
66,116
72,844
82,953
92,496
98,792
106,953
123,093
142,622
165,481
179,630
203,397
236,969
274,070
304,213
349,549
394,109
453,529
507,086
565,188
641,647
714,145
793,151
874,193
966,558
1,073,499
1,197,329
1,317,243
1,443,507
1,468,210
1,601,026
1,754,374
1,843,029
1,965,578
2,072,711
2,267,697
2,436,218
2,653,177
2,886,369
3,040,887
3,367,184
3,584,431
3,764,189
3,951,849
3,939,522
3,952,886
4,367,249
4,092,333
4,572,370
4,854,383
5,215,934
5,323,748
5,648,276
6,135,791
6,622,957
6,990,829
7,381,710
7,740,218
8,178,500
8,540,800
8,827,000
9,278,100
9,612,300
9,862,900
10,292,300
10,728,000
9,983,000
10,483,000
10,979,000
10,669,000
10,988,000
10,648,000
10,978,000
11,424,000
11,136,000
10,557,000
10,702,000
11,022,000
10,613,000
10,972,000
11,140,000
10,836,000
11,037,000
11,205,000
11,546,000
11,991,000
11,973,000
11,950,000
11,958,000
12,309,000
12,661,000
12,903,000
12,882,000
13,227,000

13,227,000

12,882,000

12,903,000

12,661,000

12,309,000

11,958,000

11,950,000

11,973,000

11,991,000

11,546,000

11,205,000

11,037,000

10,836,000

11,140,000

10,972,000

10,613,000

11,022,000

10,702,000

10,557,000

11,136,000

11,424,000

10,978,000

10,648,000

10,988,000

10,669,000

10,979,000

10,483,000

9,983,000

10,728,000

10,292,300

9,862,900

9,612,300

9,278,100

8,827,000

8,540,800

8,178,500

7,740,218

7,381,710

6,990,829

6,622,957

6,135,791

5,648,276

5,323,748

5,215,934

4,854,383

4,572,370

4,092,333

4,367,249

3,952,886

3,939,522

3,951,849

3,764,189

3,584,431

3,367,184

3,040,887

2,886,369

2,653,177

2,436,218

2,267,697

2,072,711

1,965,578

1,843,029

1,754,374

1,601,026

1,468,210

1,443,507

1,317,243

1,197,329

1,073,499

966,558

874,193

793,151

714,145

641,647

565,188

507,086

453,529

394,109

349,549

304,213

274,070

236,969

203,397

179,630

165,481

142,622

123,093

106,953

98,792

92,496

82,953

72,844

66,116

60,132

54,626

49,307

45,500

41,100

38,100

35,500

32,600

29,900

28,100

Common Stock

0
0
0
0
0
0
100
100
186
186
186
186
187
191
193
193
194
197
200
204
615
623
636
643
646
1,312
1,326
1,342
1,351
1,365
1,382
1,393
1,403
1,409
1,418
1,425
1,437
1,446
2,903
2,880
2,888
2,916
2,912
2,917
2,920
2,931
2,946
2,972
2,994
3,008
3,034
3,039
3,042
3,036
3,021
3,031
3,044
2,993
2,999
3,017
3,025
3,013
3,024
3,039
6,084
6,079
6,089
6,094
6,100
6,100
6,100
6,100
6,100
6,100
6,100
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000

5,000

6,000

6,100

6,094

6,089

6,079

6,084

3,039

3,024

3,013

3,025

3,017

2,999

2,993

3,044

3,031

3,021

3,036

3,042

3,039

3,034

3,008

2,994

2,972

2,946

2,931

2,920

2,917

2,912

2,916

2,888

2,880

2,903

1,446

1,437

1,425

1,418

1,409

1,403

1,393

1,382

1,365

1,351

1,342

1,326

1,312

646

643

636

623

615

204

200

197

194

193

191

187

186

100

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,684,792
1,821,364
1,965,368
2,116,868
2,289,043
2,492,742
2,698,908
2,907,235
3,115,280
3,342,399
3,582,526
3,826,177
4,078,109
4,355,010
4,633,789
4,917,998
5,218,408
5,538,035
5,862,367
6,211,245
6,583,153
6,938,777
7,301,634
7,684,500
8,104,600
8,501,800
8,925,200
9,366,400
9,618,800
10,063,200
10,478,000
9,935,000
10,316,000
10,721,000
10,544,000
10,856,000
10,681,000
11,041,000
11,485,000
11,140,000
10,583,000
10,820,000
11,022,000
10,831,000
11,072,000
11,142,000
10,689,000
10,907,000
11,086,000
11,479,000
11,922,000
11,956,000
12,193,000
12,447,000
12,588,000
12,856,000
13,022,000
0
0

13,022,000

12,856,000

12,588,000

12,447,000

12,193,000

11,956,000

11,922,000

11,479,000

11,086,000

10,907,000

10,689,000

11,142,000

11,072,000

10,831,000

11,022,000

10,820,000

10,583,000

11,140,000

11,485,000

11,041,000

10,681,000

10,856,000

10,544,000

10,721,000

10,316,000

9,935,000

10,478,000

10,063,200

9,618,800

9,366,400

8,925,200

8,501,800

8,104,600

7,684,500

7,301,634

6,938,777

6,583,153

6,211,245

5,862,367

5,538,035

5,218,408

4,917,998

4,633,789

4,355,010

4,078,109

3,826,177

3,582,526

3,342,399

3,115,280

2,907,235

2,698,908

2,492,742

2,289,043

2,116,868

1,965,368

1,821,364

1,684,792

Accumulated Other Comprehensive Income

0
-3,200
-3,900
-4,100
-4,700
-5,300
-6,000
-6,800
-5
-34
-54
-50
-166
-159
-109
-158
-204
-62
-256
-185
-195
-55
237
4,000
5,522
4,305
4,177
9,649
8,068
4,540
3,655
2,121
2,843
7,061
7,862
11,778
12,386
14,076
16,754
15,203
16,057
13,932
-1,529
-9,479
-24,996
7,894
6,364
20,000
44,043
-21,080
26,000
35,598
39,950
76,637
-50,681
-325,394
-193,331
-396,741
-190,043
-239,683
-208,431
-324,602
-375,089
-276,259
-167,285
-111,460
-123,658
-123,068
-119,300
-90,500
-113,300
-106,200
-61,600
-95,700
-56,200
-114,000
-17,000
33,000
44,000
70,000
63,000
-94,000
-188,000
-114,000
-74,000
-70,000
-159,000
-38,000
-264,000
-188,000
-40,000
110,000
81,000
82,000
33,000
37,000
-19,000
-269,000
-511,000
-299,000
-222,000
-141,000
-285,000
-94,000

-94,000

-285,000

-141,000

-222,000

-299,000

-511,000

-269,000

-19,000

37,000

33,000

82,000

81,000

110,000

-40,000

-188,000

-264,000

-38,000

-159,000

-70,000

-74,000

-114,000

-188,000

-94,000

63,000

70,000

44,000

33,000

-17,000

-114,000

-56,200

-95,700

-61,600

-106,200

-113,300

-90,500

-119,300

-123,068

-123,658

-111,460

-167,285

-276,259

-375,089

-324,602

-208,431

-239,683

-190,043

-396,741

-193,331

-325,394

-50,681

76,637

39,950

35,598

26,000

-21,080

44,043

20,000

6,364

7,894

-24,996

-9,479

-1,529

13,932

16,057

15,203

16,754

14,076

12,386

11,778

7,862

7,061

2,843

2,121

3,655

4,540

8,068

9,649

4,177

4,305

5,522

4,000

237

-55

-195

-185

-256

-62

-204

-158

-109

-159

-166

-50

-54

-34

-5

-6,800

-6,000

-5,300

-4,700

-4,100

-3,900

-3,200

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
572,080
605,544
664,560
722,464
769,916
845,699
846,886
813,962
756,896
644,783
692,723
731,359
407,972
404,404
457,260
503,342
426,929
482,306
546,644
572,913
513,057
560,502
555,558
607,200
520,600
432,400
453,000
301,400
333,700
279,200
358,000
59,000
128,000
208,000
49,000
63,000
55,000
119,000
47,000
64,000
38,000
35,000
33,000
41,000
83,000
33,000
32,000
44,000
32,000
29,000
27,000
31,000
21,000
17,000
15,000
22,000
17,000
0
0

17,000

22,000

15,000

17,000

21,000

31,000

27,000

29,000

32,000

44,000

32,000

33,000

83,000

41,000

33,000

35,000

38,000

64,000

47,000

119,000

55,000

63,000

49,000

208,000

128,000

59,000

358,000

279,200

333,700

301,400

453,000

432,400

520,600

607,200

555,558

560,502

513,057

572,913

546,644

482,306

426,929

503,342

457,260

404,404

407,972

731,359

692,723

644,783

756,896

813,962

846,886

845,699

769,916

722,464

664,560

605,544

572,080

Treasury Stock

Other Stockholders Equity

0
27,600
28,400
28,700
29,500
30,100
30,900
33,000
26,462
27,792
28,533
29,094
30,373
34,623
38,006
39,711
40,808
48,156
58,209
71,854
75,424
85,541
102,848
118,454
127,284
149,370
167,992
191,322
214,473
240,057
276,801
293,149
324,259
346,006
376,534
410,019
458,633
494,571
520,546
450,567
480,648
532,237
523,529
541,735
551,254
572,080
605,544
664,837
722,464
769,916
845,408
846,886
813,962
756,896
644,783
692,723
731,359
407,972
404,404
457,260
503,342
426,929
482,306
546,644
572,913
513,057
560,502
555,558
607,200
520,600
432,400
453,000
301,400
333,700
279,200
358,000
59,000
128,000
208,000
49,000
63,000
55,000
119,000
47,000
64,000
38,000
35,000
33,000
41,000
83,000
33,000
32,000
44,000
32,000
29,000
27,000
31,000
21,000
17,000
15,000
22,000
17,000
16,000
15,000

15,000

16,000

17,000

22,000

15,000

17,000

21,000

31,000

27,000

29,000

32,000

44,000

32,000

33,000

83,000

41,000

33,000

35,000

38,000

64,000

47,000

119,000

55,000

63,000

49,000

208,000

128,000

59,000

358,000

279,200

333,700

301,400

453,000

432,400

520,600

607,200

555,558

560,502

513,057

572,913

546,644

482,306

426,929

503,342

457,260

404,404

407,972

731,359

692,723

644,783

756,896

813,962

846,886

845,408

769,916

722,464

664,837

605,544

572,080

551,254

541,735

523,529

532,237

480,648

450,567

520,546

494,571

458,633

410,019

376,534

346,006

324,259

293,149

276,801

240,057

214,473

191,322

167,992

149,370

127,284

118,454

102,848

85,541

75,424

71,854

58,209

48,156

40,808

39,711

38,006

34,623

30,373

29,094

28,533

27,792

26,462

33,000

30,900

30,100

29,500

28,700

28,400

27,600

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
Accounts Payable	337,000	360,000	361,000	389,000	239,000	215,000	210,000	175,000	165,300	145,687	113,394	108,707	72,205	75,373	54,640	39,970	36,176	27,839	16,420	11,190	9,423	6,948	3,652	2,857	1,400	1,700
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
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
Accumulated Other Comprehensive Income	-94,000	-299,000	37,000	110,000	-38,000	-114,000	70,000	-114,000	-106,200	-123,068	-276,259	-239,683	-325,394	35,598	20,000	-9,479	15,203	11,778	2,121	9,649	4,000	-185	-158	-50	-6,800	-4,100
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
Capital Lease Obligations	676,000	888,000	978,000	1,057,000	947,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	5,000	5,000	5,000	5,000	5,000	6,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	15,000	27,000	32,000	33,000	47,000	49,000	358,000	453,000	555,558	546,644	457,260	692,723	846,886	664,560	0	0	0	0	0	0	0	0	0	0	0
Cash	1,787,000	2,191,000	1,792,000	2,680,000	2,645,000	1,161,000	1,925,000	2,034,000	2,125,200	2,010,149	2,213,006	1,570,077	1,310,906	1,540,969	1,100,930	735,066	339,845	265,937	196,938	293,446	194,221	126,211	84,977	61,976	42,600	28,400
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	2,635,000	2,501,000	2,719,000	2,724,000	3,424,000	4,511,000	5,056,000	5,169,000	4,949,500	3,774,726	3,747,473	2,863,758	2,432,264	2,226,388	1,399,332	762,579	670,425	648,159	424,001	314,761	194,221	126,211	84,977	61,976	42,600	28,400
Common Stock	5,000	5,000	5,000	5,000	5,000	6,000	6,000	6,000	6,100	6,094	3,039	3,017	3,031	3,039	2,972	2,917	2,880	1,425	1,393	1,342	643	204	193	186	100	0
Common Stock Shares Outstanding	505,000	519,000	528,000	541,000	560,000	584,000	595,000	610,000	613,300	612,489	609,662	611,722	620,702	618,274	602,230	597,880	607,186	602,248	587,580	570,224	543,256	509,548	488,904	486,144	465,984	198,456
Common Stock Total Equity	0	5,000	5,000	5,000	5,000	6,000	6,000	6,000	6,100	6,094	3,039	3,017	3,031	3,039	2,972	2,917	2,880	1,425	1,393	1,342	643	204	193	186	100	0
Current Deferred Revenue	385,000	398,000	403,000	383,000	313,000	286,000	383,000	306,000	323,700	224,114	182,893	149,696	105,713	84,590	51,605	38,123	29,020	19,401	19,867	15,044	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	585,000	442,000	418,000	425,000	347,800	144,438	221,345	178,824	164,192	109,808	80,618	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	199,000	394,000	242,000	58,000	245,000	250,000	157,000	52,600	332,680	21,170	2,777	3,339	4,946	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
Good Will	6,085,000	5,710,000	5,620,000	5,031,000	3,979,000	3,481,000	2,704,000	2,554,000	2,404,700	2,413,564	444,236	309,185	288,772	223,963	192,372	154,035	148,789	27,190	18,223	9,701	20,913	878	878	1,195	1,500	1,800
Intangible Assets	1,151,000	1,168,000	1,218,000	1,046,000	1,041,000	1,150,000	981,000	951,000	864,300	953,749	131,274	87,475	97,616	85,136	75,757	47,790	45,565	20,463	34,500	21,827	20,913	12,870	878	1,195	1,500	1,800
Inventory	0	0	0	0	0	0	0	0	0	329,694	256,230	201,894	109,042	205,972	73,791	48,315	75,470	61,257	42,752	16,815	0	0	0	0	0	0
Liabilities And Stockholders Equity	18,483,000	17,852,000	17,852,000	16,923,000	16,204,000	15,913,000	15,221,000	14,262,000	13,065,400	11,718,916	8,208,914	6,521,571	5,507,933	4,583,074	3,338,240	2,374,560	1,838,306	1,325,981	869,893	572,745	360,589	231,473	144,983	109,540	69,000	51,700
Long Term Debt	606,000	638,000	626,000	663,000	700,000	736,000	698,000	797,000	881,200	937,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	638,000	626,000	663,000	700,000	736,000	698,000	797,000	881,200	937,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	80,000	427,000	463,000	440,000	17,000	80,000	235,000	62,000	0	0	0	0	0	0	151,131	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
Net Debt	-472,000	-657,000	-150,000	-922,000	-960,000	-416,000	-1,052,000	-1,156,000	-837,700	-372,647	-2,213,006	-1,570,077	-1,310,906	-1,540,969	-1,100,930	-735,066	-339,845	-265,937	-196,938	-293,446	-194,221	-126,211	-84,977	-61,976	-42,600	-28,400
Net Invested Capital	13,866,000	12,955,000	12,655,000	11,537,000	11,760,000	12,169,000	11,542,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	3,849,000	3,796,000	3,557,000	3,087,000	3,256,000	3,257,000	3,222,000	2,905,000	2,621,600	2,293,264	1,875,272	1,528,746	1,318,670	1,014,268	709,240	579,639	436,456	298,475	176,696	110,517	61,796	41,005	27,966	22,489	11,100	12,200
Net Tangible Assets	0	5,431,000	5,153,000	4,759,000	6,002,000	6,793,000	6,984,000	7,223,000	6,009,100	4,372,905	5,560,281	4,457,723	3,566,498	3,275,332	2,385,048	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	4,173,000	3,919,000	3,813,000	3,311,000	4,628,000	5,900,000	6,272,000	6,182,000	5,194,900	4,158,203	4,373,374	3,436,964	2,875,801	2,587,508	1,660,960	1,080,542	901,495	790,888	507,675	338,937	215,861	134,347	95,637	61,501	43,500	29,400
Non Current Assets Total	10,977,000	10,586,000	10,510,000	10,072,000	8,593,000	7,236,000	6,110,000	5,662,000	5,156,800	4,968,619	2,061,032	1,707,277	1,422,427	1,064,840	1,030,672	906,441	596,127	285,590	206,470	118,748	82,092	55,639	27,648	21,317	12,300	9,300
Non Current Liabilities Other	369,000	362,000	287,000	1,642,000	1,441,000	731,000	765,000	162,000	139,800	116,424	277,445	287,081	342,003	62,971	38,455	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,923,000	2,196,000	2,332,000	2,547,000	2,199,000	1,712,000	1,713,000	1,116,000	1,073,600	1,386,604	298,615	289,858	345,342	67,917	38,455	21,405	29,412	2,979	0	4,156	23,883	24,505	24,493	16,702	10,300	6,100
Non Currrent Assets Other	649,000	662,000	701,000	846,000	736,000	689,000	448,000	359,000	268,600	209,663	183,013	160,307	113,813	185,293	49,278	39,047	33,777	16,759	7,741	6,216	2,741	2,801	2,431	4,185	1,300	1,200
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	1,661,000	1,105,000	2,744,000	1,321,000	1,131,000	866,000	784,000	612,000	354,101	404,358	339,131	278,005	185,293	129,896	87,669	45,726	17,783	24,988	6,216	2,741	2,801	2,431	2,230	0	0
Other Current Assets	1,022,000	969,000	1,066,000	1,040,000	931,000	909,000	833,000	526,000	337,500	352,613	268,907	219,896	225,530	71,606	125,205	77,586	59,828	32,500	19,974	11,904	22,480	8,618	4,392	3,758	3,000	1,800
Other Current Liab	2,425,000	2,407,000	2,532,000	2,519,000	2,191,000	2,267,000	2,071,000	1,856,000	1,818,400	1,522,291	313,156	222,359	126,731	770,763	540,363	309,484	52,237	202,263	119,461	9,566	53,213	34,539	18,046	23,865	11,800	11,300
Other Liab	0	836,000	923,000	1,038,000	739,000	976,000	1,015,000	319,000	192,000	197,380	277,445	287,081	342,003	62,971	38,455	14,111	14,267	2,979	0	0	0	0	0	0	0	0
Other Stockholder Equity	15,000	15,000	27,000	32,000	33,000	47,000	49,000	358,000	453,000	555,558	546,644	457,260	692,723	846,886	664,837	541,735	450,567	410,019	293,149	191,322	118,454	71,854	39,711	29,094	33,000	28,700
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
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
Property Plant And Equipment Gross	4,431,000	1,977,000	2,104,000	2,264,000	2,235,000	1,394,000	1,324,000	1,311,000	1,271,400	1,247,205	1,081,164	971,486	758,034	570,448	481,516	455,254	356,047	220,154	146,982	90,705	58,438	39,090	24,339	15,937	9,500	6,300
Property Plant And Equipment Net	1,659,000	1,977,000	2,104,000	2,264,000	2,235,000	1,394,000	1,324,000	1,311,000	1,271,400	1,247,205	1,081,164	971,486	758,034	570,448	481,516	455,254	356,047	220,154	146,982	90,705	58,438	39,090	24,339	15,937	9,500	6,300
Property Plant Equipment	0	1,101,000	2,104,000	1,251,000	1,309,000	1,394,000	1,324,000	1,311,000	1,271,400	1,247,205	1,081,164	971,486	758,034	570,448	481,516	455,254	356,047	220,154	146,982	90,705	58,438	39,090	24,339	15,937	0	0
Retained Earnings	13,301,000	12,588,000	11,922,000	10,689,000	11,022,000	11,485,000	10,544,000	10,478,000	8,925,200	7,301,634	5,862,367	4,633,789	3,582,526	2,698,908	1,965,368	1,430,405	999,560	650,277	417,482	251,216	150,973	93,608	59,046	36,886	19,200	8,000
Retained Earnings Total Equity	0	12,588,000	11,922,000	10,689,000	11,022,000	11,485,000	10,544,000	10,478,000	8,925,200	7,301,634	5,862,367	4,633,789	3,582,526	2,698,908	1,965,368	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	33,000	8,000	38,000	38,000	38,000	9,000	175,000	81,000	56,000	50,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	1,315,000	1,534,000	1,642,000	1,758,000	1,685,000	745,000	873,000	878,000	1,287,500	1,637,502	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Term Debt	186,000	182,000	233,000	249,000	240,000	9,000	175,000	81,000	406,300	700,002	1,165,065	896,568	905,056	0	0	0	223,251	0	0	79,260	0	0	0	0	0	0
Short Term Investments	848,000	310,000	927,000	44,000	779,000	3,350,000	3,131,000	3,135,000	2,824,300	1,764,577	1,534,467	1,293,681	1,121,358	685,419	298,402	27,513	330,580	382,222	227,063	21,315	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
Total Assets	18,483,000	17,852,000	17,852,000	16,923,000	16,204,000	15,913,000	15,221,000	14,262,000	13,065,400	11,718,916	8,208,914	6,521,571	5,507,933	4,583,074	3,338,240	2,374,560	1,838,306	1,325,981	869,893	572,745	360,589	231,473	144,983	109,540	69,000	51,700
Total Current Assets	7,506,000	7,266,000	7,342,000	6,851,000	7,611,000	8,677,000	9,111,000	8,600,000	7,908,600	6,750,297	6,147,882	4,814,294	4,085,506	3,518,234	2,307,568	1,468,119	1,242,179	1,040,391	663,423	453,997	278,497	175,834	117,335	88,223	56,700	42,400
Total Current Liabilities	3,333,000	3,347,000	3,529,000	3,540,000	2,983,000	2,777,000	2,839,000	2,418,000	2,713,700	2,592,094	1,774,508	1,377,330	1,209,705	930,726	646,608	387,577	340,684	249,503	155,748	115,060	62,636	41,487	21,698	26,722	13,200	13,000
Total Liab	5,256,000	5,543,000	5,861,000	6,087,000	5,182,000	4,489,000	4,552,000	3,534,000	3,787,300	3,978,698	2,073,123	1,667,188	1,555,047	998,643	685,063	408,982	370,096	252,482	155,748	119,216	86,519	65,992	46,191	43,424	23,500	19,100
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	13,227,000	12,309,000	11,991,000	10,836,000	11,022,000	11,424,000	10,669,000	10,728,000	9,278,100	7,740,218	6,135,791	4,854,383	3,952,886	3,584,431	2,653,177	1,965,578	1,468,210	1,073,499	714,145	453,529	274,070	165,481	98,792	66,116	45,500	32,600
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
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

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31
Accounts Payable	337,000	325,000	318,000	332,000	360,000	367,000	357,000	394,000	361,000	351,000	351,000	349,000	389,000	420,000	359,000	289,000	239,000	246,000	254,000	262,000	215,000	223,000	217,000	293,000	210,000	186,000	179,000	189,000	175,000	171,500	164,500	213,200	165,300	160,100	169,000	181,400	145,687	130,040	119,145	176,374	113,394	114,825	94,069	132,501	108,707	111,420	104,411	109,983	72,205	78,183	89,057	117,595	75,373	93,945	80,986	85,630	54,640	53,403	45,739	55,713	39,970	45,753	50,809	47,450	36,176	29,775	24,619	36,935	27,839	27,648	24,871	21,439	16,420	15,004	16,363	13,107	11,190	11,739	9,169	8,468	9,423	6,289	6,839	5,643	6,948	4,817	4,607	3,560	3,652	3,011	2,020	2,230	2,857	1,903	1,523	1,771	1,400	1,200	1,100	1,700	1,700	900	900	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
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	-	-
Accumulated Other Comprehensive Income	-94,000	-285,000	-141,000	-222,000	-299,000	-511,000	-269,000	-19,000	37,000	33,000	82,000	81,000	110,000	-40,000	-188,000	-264,000	-38,000	-159,000	-70,000	-74,000	-114,000	-188,000	-94,000	63,000	70,000	44,000	33,000	-17,000	-114,000	-56,200	-95,700	-61,600	-106,200	-113,300	-90,500	-119,300	-123,068	-123,658	-111,460	-167,285	-276,259	-375,089	-324,602	-208,431	-239,683	-190,043	-396,741	-193,331	-325,394	-50,681	76,637	39,950	35,598	26,000	-21,080	44,043	20,000	6,364	7,894	-24,996	-9,479	-1,529	13,932	16,057	15,203	16,754	14,076	12,386	11,778	7,862	7,061	2,843	2,121	3,655	4,540	8,068	9,649	4,177	4,305	5,522	4,000	237	-55	-195	-185	-256	-62	-204	-158	-109	-159	-166	-50	-54	-34	-5	-6,800	-6,000	-5,300	-4,700	-4,100	-3,900	-3,200	-
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	-	-
Capital Lease Obligations	676,000	798,000	835,000	861,000	888,000	884,000	925,000	952,000	978,000	1,004,000	1,046,000	1,023,000	1,057,000	1,033,000	1,008,000	931,000	947,000	929,000	880,000	835,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Stock	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Surpluse	0	0	17,000	22,000	15,000	17,000	21,000	31,000	27,000	29,000	32,000	44,000	32,000	33,000	83,000	41,000	33,000	35,000	38,000	64,000	47,000	119,000	55,000	63,000	49,000	208,000	128,000	59,000	358,000	279,200	333,700	301,400	453,000	432,400	520,600	607,200	555,558	560,502	513,057	572,913	546,644	482,306	426,929	503,342	457,260	404,404	407,972	731,359	692,723	644,783	756,896	813,962	846,886	845,699	769,916	722,464	664,560	605,544	572,080	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,787,000	2,204,000	2,055,000	2,458,000	2,191,000	2,042,000	1,768,000	2,192,000	1,792,000	1,664,000	1,368,000	1,973,000	2,680,000	4,436,000	4,422,000	3,886,000	2,645,000	2,343,000	1,660,000	950,000	1,161,000	1,339,000	901,000	1,440,000	1,925,000	1,577,000	1,157,000	1,308,000	2,034,000	1,550,300	1,684,500	1,523,800	2,125,200	1,476,700	1,089,300	1,271,400	2,010,149	2,617,619	1,992,442	1,935,991	2,213,006	2,031,119	1,678,205	1,474,860	1,570,077	1,324,739	1,050,245	1,328,535	1,310,906	1,181,219	1,193,040	1,293,499	1,540,969	1,317,077	1,039,686	1,080,942	1,100,930	992,926	860,377	758,568	735,066	569,262	521,193	449,739	339,845	296,488	268,985	273,038	265,937	197,700	203,105	165,362	196,938	214,909	180,123	174,988	293,446	250,370	197,027	161,985	194,221	159,749	137,739	126,647	126,211	123,082	103,843	91,186	84,977	79,767	67,659	60,966	61,976	52,836	45,209	40,360	42,600	33,700	29,400	25,100	28,400	26,100	21,500	-
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	-	-
Cash And Short Term Investments	2,635,000	2,368,000	2,095,000	2,481,000	2,501,000	2,731,000	2,320,000	2,319,000	2,719,000	2,413,000	1,850,000	2,158,000	2,724,000	4,575,000	4,582,000	4,282,000	3,424,000	3,077,000	3,003,000	3,668,000	4,511,000	4,763,000	4,247,000	4,830,000	5,056,000	4,713,000	4,378,000	4,274,000	5,169,000	4,858,600	4,481,200	4,451,700	4,949,500	4,050,700	3,566,500	3,349,800	3,774,726	4,618,479	4,129,221	3,864,984	3,747,473	3,360,599	2,900,569	2,744,446	2,863,758	2,631,748	2,346,142	2,491,195	2,432,264	2,291,276	2,269,411	2,168,115	2,226,388	1,928,816	1,651,999	1,433,881	1,399,332	1,182,701	983,172	808,640	762,579	595,396	551,172	474,947	670,425	809,256	710,236	673,101	648,159	535,598	468,200	422,548	424,001	368,496	326,802	314,394	314,761	270,391	233,173	198,859	194,221	159,749	137,739	126,647	126,211	123,082	103,843	91,186	84,977	79,767	67,659	60,966	61,976	52,836	45,209	40,360	42,600	33,700	29,400	25,100	28,400	26,100	21,500	-
Common Stock	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,094	6,089	6,079	6,084	3,039	3,024	3,013	3,025	3,017	2,999	2,993	3,044	3,031	3,021	3,036	3,042	3,039	3,034	3,008	2,994	2,972	2,946	2,931	2,920	2,917	2,912	2,916	2,888	2,880	2,903	1,446	1,437	1,425	1,418	1,409	1,403	1,393	1,382	1,365	1,351	1,342	1,326	1,312	646	643	636	623	615	204	200	197	194	193	193	191	187	186	186	186	186	100	100	0	0	0	0	-	-
Common Stock Shares Outstanding	501,000	505,000	507,000	509,000	513,000	517,000	521,000	525,000	526,000	526,000	528,000	531,000	534,000	543,000	541,000	546,000	548,000	551,000	564,000	575,000	579,000	580,000	586,000	589,000	589,000	592,000	591,000	607,000	609,000	609,000	608,800	612,000	612,600	612,700	613,900	613,900	612,772	612,123	612,162	612,897	610,856	608,550	608,892	610,352	607,554	606,264	614,652	618,416	606,856	618,594	622,954	623,606	608,082	619,238	616,974	613,328	595,770	605,164	598,544	595,986	583,226	599,610	598,664	598,104	576,342	609,128	608,192	607,032	571,608	603,342	601,972	597,416	558,660	589,124	586,216	583,284	537,940	570,884	564,656	566,604	515,520	552,656	529,912	527,944	490,552	514,824	505,320	493,608	464,760	492,360	491,136	485,568	448,752	482,616	484,200	484,488	444,000	464,446	446,160	461,694	448,430	453,757	330,330	437,472
Common Stock Total Equity	0	0	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,094	6,089	6,079	6,084	3,039	3,024	3,013	3,025	3,017	2,999	2,993	3,044	3,031	3,021	3,036	3,042	3,039	3,034	3,008	2,994	2,972	2,946	2,931	2,920	2,917	2,912	2,916	2,888	2,880	2,903	1,446	1,437	1,425	1,418	1,409	1,403	1,393	1,382	1,365	1,351	1,342	1,326	1,312	646	643	636	623	615	204	200	197	194	193	193	191	187	186	186	186	186	100	100	0	0	0	0	-	-
Current Deferred Revenue	385,000	302,000	380,000	469,000	398,000	345,000	408,000	455,000	403,000	312,000	356,000	403,000	383,000	285,000	319,000	354,000	313,000	265,000	285,000	340,000	286,000	244,000	308,000	360,000	383,000	333,000	337,000	397,000	306,000	281,700	321,700	349,600	323,700	262,700	288,800	330,900	224,114	169,385	179,660	166,504	182,893	141,937	134,192	138,204	149,696	116,427	106,625	107,817	105,713	87,893	84,629	82,021	84,590	57,952	56,821	53,576	51,605	36,777	32,107	31,706	38,123	28,572	24,249	26,372	29,020	19,069	15,004	15,638	19,401	0	0	0	19,867	0	0	0	15,044	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	585,000	492,000	468,000	464,000	442,000	391,000	367,000	394,000	418,000	464,000	457,000	458,000	425,000	385,300	328,700	295,000	347,800	203,700	159,800	153,300	144,438	142,733	123,295	140,568	221,345	160,746	165,942	164,967	178,824	154,927	167,462	164,074	164,192	135,570	112,846	112,306	109,808	105,322	87,286	86,584	80,618	72,036	58,919	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	250,000	247,000	199,000	207,000	231,000	236,000	394,000	406,000	425,000	236,000	242,000	342,000	74,000	73,000	58,000	128,000	107,000	241,000	245,000	229,000	222,000	183,000	250,000	119,000	138,000	134,000	157,000	158,300	178,600	76,700	52,600	283,000	283,900	284,600	332,680	18,041	19,862	20,275	21,170	14,794	14,548	14,841	2,777	4,593	3,073	2,978	3,339	3,605	3,558	3,870	4,946	6,076	6,071	0	0	0	624	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-
Good Will	6,085,000	6,013,000	6,065,000	6,040,000	5,710,000	5,425,000	5,517,000	5,605,000	5,620,000	5,451,000	5,457,000	5,219,000	5,031,000	4,931,000	4,391,000	4,014,000	3,979,000	3,694,000	3,651,000	3,638,000	3,481,000	3,037,000	3,036,000	2,713,000	2,704,000	2,608,000	2,576,000	2,563,000	2,554,000	2,482,000	2,457,900	2,461,800	2,404,700	2,403,600	2,405,300	2,403,600	2,413,564	437,776	449,541	445,182	444,236	417,959	412,647	407,349	309,185	301,403	289,211	289,904	288,772	289,056	224,136	224,009	223,963	222,844	214,814	193,898	192,372	160,881	154,196	155,006	154,035	156,298	157,737	151,380	148,789	43,596	43,351	27,262	27,190	26,775	18,430	18,270	18,223	18,289	18,907	9,684	9,701	5,603	5,647	21,343	20,913	16,436	16,770	878	878	878	878	878	878	957	1,036	1,116	1,195	1,275	1,354	1,433	1,500	1,600	1,700	1,800	1,800	1,900	2,000	-
Intangible Assets	1,151,000	1,174,000	1,228,000	1,262,000	1,168,000	1,038,000	1,101,000	1,167,000	1,218,000	1,198,000	1,219,000	1,110,000	1,046,000	1,087,000	1,026,000	1,005,000	1,041,000	1,192,000	1,161,000	1,185,000	1,150,000	1,021,000	1,060,000	955,000	981,000	957,000	894,000	923,000	951,000	936,900	961,400	862,300	864,300	881,400	906,100	928,400	953,749	109,692	120,952	124,735	131,274	118,141	121,991	122,501	87,475	87,583	86,530	93,421	97,616	102,567	87,850	81,790	85,136	89,517	92,972	76,745	75,757	65,474	45,858	47,037	47,790	44,855	47,165	44,580	45,565	14,156	14,755	19,367	20,463	21,467	15,414	15,803	34,500	35,166	35,112	21,204	21,827	20,230	20,712	21,343	20,913	16,436	16,770	13,408	12,870	878	878	878	878	957	1,036	1,116	1,195	1,275	1,354	1,433	1,500	1,600	1,700	1,800	1,800	1,900	2,000	-
Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	159,000	0	0	0	0	0	0	0	0	0	365,900	333,500	271,700	329,694	259,474	233,841	200,430	256,230	268,635	228,131	183,496	201,894	166,164	104,151	94,641	109,042	108,075	80,756	68,120	96,164	69,159	59,162	60,807	73,791	51,936	45,362	44,478	48,315	50,989	65,363	67,443	75,470	69,175	78,728	73,124	61,257	58,542	50,833	43,847	42,752	30,043	23,552	21,528	16,815	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Liabilities And Stockholders Equity	18,483,000	18,079,000	17,967,000	18,147,000	17,852,000	17,347,000	17,258,000	17,434,000	17,852,000	17,232,000	16,829,000	16,660,000	16,923,000	18,787,000	18,216,000	17,429,000	16,204,000	15,844,000	15,517,000	16,096,000	15,913,000	15,274,000	14,806,000	15,045,000	15,221,000	14,580,000	13,938,000	13,629,000	14,262,000	13,716,700	13,140,100	12,735,900	13,065,400	12,267,600	11,797,600	11,383,400	11,718,916	9,227,043	8,687,294	8,279,299	8,208,914	7,617,149	7,012,320	6,709,302	6,521,571	6,107,039	5,654,219	5,668,125	5,507,933	5,104,115	4,916,702	4,637,873	4,583,074	4,246,279	3,764,154	3,509,747	3,338,240	2,976,482	2,673,287	2,429,045	2,374,560	2,212,228	2,109,781	1,941,657	1,838,306	1,739,013	1,584,354	1,444,690	1,325,981	1,182,512	1,046,066	934,327	869,893	771,736	683,208	604,847	572,745	506,842	442,683	389,350	360,589	313,993	271,412	241,692	231,473	200,776	180,792	154,321	144,983	138,573	123,283	111,795	109,540	95,378	83,048	72,809	69,000	61,000	56,400	53,800	51,700	44,700	40,100	-
Long Term Debt	606,000	614,000	622,000	630,000	638,000	636,000	608,000	617,000	626,000	636,000	645,000	654,000	663,000	2,412,000	2,421,000	2,430,000	700,000	709,000	718,000	727,000	736,000	624,000	649,000	673,000	698,000	723,000	747,000	772,000	797,000	821,600	840,000	858,400	881,200	900,000	912,500	925,000	937,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Long Term Debt Total	0	0	622,000	630,000	638,000	636,000	608,000	617,000	626,000	636,000	645,000	654,000	663,000	2,412,000	2,421,000	2,430,000	700,000	709,000	718,000	727,000	736,000	624,000	649,000	673,000	698,000	723,000	747,000	772,000	797,000	821,600	840,000	858,400	881,200	900,000	912,500	925,000	937,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	80,000	432,000	425,000	424,000	427,000	431,000	443,000	458,000	463,000	466,000	433,000	439,000	440,000	441,000	429,000	433,000	17,000	79,000	80,000	79,000	80,000	93,000	80,000	83,000	235,000	262,000	198,000	110,000	62,000	60,600	59,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	137,447	151,131	157,032	160,782	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-
Net Debt	-472,000	-759,000	-574,000	-951,000	-657,000	-522,000	-197,000	-585,000	-150,000	14,000	361,000	-258,000	-922,000	-953,000	-955,000	-487,000	-960,000	-667,000	-34,000	631,000	-416,000	-615,000	-152,000	-667,000	-1,052,000	-754,000	-166,000	-99,000	-1,156,000	-653,700	-775,700	-502,900	-837,700	-526,700	-26,800	-196,400	-372,647	-2,617,619	-1,992,442	-1,935,991	-2,213,006	-2,031,119	-1,678,205	-1,474,860	-1,570,077	-1,324,739	-1,050,245	-1,328,535	-1,310,906	-1,181,219	-1,193,040	-1,293,499	-1,540,969	-1,317,077	-1,039,686	-1,080,942	-1,100,930	-992,926	-860,377	-758,568	-735,066	-569,262	-521,193	-449,739	-339,845	-296,488	-268,985	-273,038	-265,937	-197,700	-203,105	-165,362	-196,938	-214,909	-180,123	-174,988	-293,446	-250,370	-197,027	-161,985	-194,221	-159,749	-137,739	-126,647	-126,211	-123,082	-103,843	-91,186	-84,977	-79,767	-67,659	-60,966	-61,976	-52,836	-45,209	-40,360	-42,600	-33,700	-29,400	-16,200	-28,400	-26,100	-21,500	-
Net Invested Capital	13,866,000	13,529,000	13,549,000	13,307,000	12,955,000	12,594,000	12,596,000	12,628,000	12,655,000	12,220,000	11,888,000	11,729,000	11,537,000	13,590,000	13,431,000	13,081,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Receivables	3,849,000	3,807,000	3,755,000	3,718,000	3,796,000	3,686,000	3,785,000	3,663,000	3,557,000	3,510,000	3,419,000	3,232,000	3,087,000	3,118,000	3,208,000	3,220,000	3,256,000	3,438,000	3,386,000	3,377,000	3,257,000	3,187,000	3,204,000	3,145,000	3,222,000	3,292,000	3,089,000	3,039,000	2,905,000	2,915,700	2,878,500	2,751,300	2,621,600	2,556,600	2,548,700	2,448,100	2,293,264	2,147,131	2,120,580	1,970,954	1,875,272	1,891,186	1,785,227	1,702,334	1,528,746	1,577,195	1,503,887	1,421,258	1,318,670	1,268,076	1,227,592	1,123,150	1,014,268	1,065,136	933,691	812,325	709,240	684,770	635,916	600,707	579,639	599,950	583,132	519,396	436,456	428,501	403,599	347,763	298,475	296,722	266,259	217,683	176,696	171,588	165,678	131,194	110,517	103,733	90,038	84,232	61,796	74,982	52,234	46,833	41,005	39,357	38,115	29,785	27,966	27,206	27,579	23,670	22,489	20,055	17,454	16,444	11,100	13,200	13,600	16,300	12,200	8,500	8,900	-
Net Tangible Assets	0	0	5,610,000	5,359,000	5,431,000	5,495,000	5,332,000	5,201,000	5,153,000	4,897,000	4,529,000	4,708,000	4,759,000	5,122,000	5,555,000	5,594,000	6,002,000	5,816,000	5,745,000	6,313,000	6,793,000	6,920,000	6,552,000	7,320,000	6,984,000	7,414,000	7,013,000	6,497,000	7,223,000	6,873,400	6,443,600	6,288,200	6,009,100	5,542,000	5,229,400	4,846,500	4,372,905	6,834,242	6,420,336	6,053,040	5,560,281	5,112,176	4,789,110	4,686,084	4,457,723	4,183,384	3,716,592	3,983,924	3,566,498	3,547,899	3,639,863	3,458,390	3,275,332	3,054,823	2,733,101	2,615,726	2,385,048	2,209,863	2,067,643	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,173,000	3,936,000	3,895,000	3,907,000	3,919,000	4,094,000	3,870,000	3,891,000	3,813,000	3,676,000	3,268,000	3,445,000	3,311,000	5,323,000	5,319,000	5,453,000	4,628,000	4,472,000	4,382,000	5,163,000	5,900,000	6,034,000	5,766,000	6,521,000	6,272,000	5,957,000	5,684,000	5,257,000	6,182,000	5,899,100	5,638,900	5,520,500	5,194,900	5,109,500	4,814,900	4,522,400	4,158,203	5,518,562	5,173,028	4,787,874	4,373,374	4,137,167	3,776,664	3,610,797	3,436,964	3,265,943	3,001,257	3,175,497	2,875,801	2,771,467	2,870,546	2,734,087	2,587,508	2,430,511	2,159,326	1,891,086	1,660,960	1,508,452	1,373,816	1,185,136	1,080,542	975,310	940,173	803,761	901,495	1,067,240	970,451	898,259	790,888	707,936	642,270	570,259	507,675	461,771	413,838	385,845	338,937	315,720	287,580	244,202	215,861	193,300	162,268	145,017	134,347	136,634	117,836	104,708	95,637	87,564	79,530	68,237	61,501	57,702	52,908	49,042	43,500	37,300	34,800	33,000	29,400	27,200	-	-
Non Current Assets Total	10,977,000	10,952,000	11,016,000	10,919,000	10,586,000	10,030,000	10,235,000	10,357,000	10,510,000	10,237,000	10,378,000	10,065,000	10,072,000	10,168,000	9,685,000	9,104,000	8,593,000	8,453,000	8,311,000	8,213,000	7,236,000	6,547,000	6,503,000	6,055,000	6,110,000	6,023,000	5,839,000	5,787,000	5,662,000	5,516,900	5,381,200	5,165,000	5,156,800	5,029,700	5,026,200	4,976,900	4,968,619	1,967,017	1,946,604	1,988,559	2,061,032	1,877,944	1,878,359	1,872,662	1,707,277	1,565,508	1,501,867	1,471,383	1,422,427	1,291,918	1,158,805	1,102,073	1,064,840	1,011,599	959,230	1,040,514	1,030,672	959,656	909,613	903,389	906,441	891,020	841,161	825,236	596,127	385,419	354,784	307,097	285,590	261,295	234,476	225,194	206,470	179,876	151,350	122,468	118,748	94,838	82,478	82,309	82,092	71,123	67,553	59,150	55,639	31,460	30,848	27,249	27,648	27,309	23,562	23,022	21,317	17,856	15,583	12,265	12,300	12,300	11,300	10,100	9,300	7,600	7,600	-
Non Current Liabilities Other	369,000	347,000	315,000	1,288,000	362,000	1,323,000	1,316,000	1,422,000	287,000	298,000	313,000	1,583,000	1,642,000	1,597,000	1,537,000	1,441,000	1,441,000	1,386,000	1,311,000	1,272,000	731,000	750,000	750,000	732,000	765,000	159,000	155,000	155,000	162,000	140,100	138,600	138,100	139,800	129,200	103,900	111,200	116,424	85,828	108,941	133,201	277,445	352,041	316,727	252,684	287,081	254,488	407,718	276,653	342,003	120,258	73,944	68,101	62,971	68,850	71,598	45,231	38,455	31,890	15,108	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,923,000	2,006,000	2,008,000	2,165,000	2,196,000	2,166,000	2,155,000	2,275,000	2,332,000	2,367,000	2,441,000	2,473,000	2,547,000	4,351,000	4,032,000	3,944,000	2,199,000	2,223,000	2,136,000	2,240,000	1,712,000	1,603,000	1,621,000	1,588,000	1,713,000	1,001,000	1,040,000	1,061,000	1,116,000	1,123,700	1,157,200	1,073,200	1,073,600	1,312,200	1,300,300	1,320,800	1,386,604	103,869	128,803	153,476	298,615	366,835	331,275	267,525	289,858	259,081	410,791	279,631	345,342	123,863	77,502	71,971	67,917	74,926	77,669	45,231	38,455	31,890	15,732	15,814	21,405	23,301	26,960	27,971	29,412	9,152	7,992	8,027	2,979	2,673	2,553	2,302	2,000	0	0	1,227	4,156	16,449	20,509	22,298	23,883	27,454	26,424	24,537	24,505	25,472	25,591	25,004	24,493	22,377	20,139	18,415	16,702	15,426	13,865	12,000	10,300	8,500	8,000	7,600	6,100	4,900	3,900	-
Non Currrent Assets Other	649,000	632,000	661,000	583,000	662,000	638,000	673,000	708,000	701,000	705,000	732,000	760,000	846,000	829,000	823,000	809,000	736,000	773,000	767,000	724,000	689,000	643,000	615,000	577,000	448,000	428,000	430,000	427,000	359,000	328,800	286,200	275,900	268,600	262,100	277,700	223,600	209,663	175,348	166,700	187,189	183,013	169,295	160,074	169,647	160,307	143,034	120,981	139,009	113,813	100,116	119,479	82,269	75,485	72,419	59,389	67,477	49,278	43,996	42,932	35,430	249,362	36,275	36,331	35,525	33,777	27,406	24,654	18,577	16,759	13,494	10,576	9,903	7,741	7,389	7,125	6,626	6,216	4,533	3,656	3,153	2,741	3,031	3,018	2,976	2,801	4,676	4,805	2,124	2,431	4,155	4,156	4,265	4,185	3,722	3,719	1,456	1,300	1,400	1,300	1,400	1,200	200	200	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,783,000	-10,586,000	1,661,000	1,521,000	1,146,000	1,430,000	1,105,000	987,000	1,040,000	1,067,000	2,744,000	2,837,000	1,883,000	1,796,000	1,321,000	1,265,000	1,235,000	1,188,000	1,131,000	1,034,000	982,000	971,000	4,786,000	4,719,000	4,555,000	4,481,000	4,351,000	4,193,600	4,093,800	3,895,000	3,885,400	3,750,800	3,748,900	3,708,900	3,721,414	865,549	860,488	897,674	979,868	866,141	860,654	864,464	735,791	686,947	664,184	686,408	664,393	627,309	544,311	500,374	494,392	490,102	454,461	562,151	549,156	499,419	462,687	447,088	451,187	437,670	431,351	431,985	240,080	93,790	89,035	71,160	65,436	63,187	55,199	63,617	59,488	53,361	42,828	27,830	28,043	24,763	24,368	24,496	23,654	19,467	19,788	16,384	16,549	5,554	5,683	3,002	3,309	5,112	5,192	5,381	5,380	4,997	5,073	2,889	0	0	0	0	0	0	-	-
Other Current Assets	1,022,000	952,000	1,101,000	1,029,000	969,000	900,000	918,000	1,095,000	1,066,000	1,072,000	1,182,000	1,205,000	1,040,000	926,000	741,000	823,000	931,000	876,000	817,000	838,000	909,000	777,000	852,000	856,000	833,000	552,000	632,000	529,000	526,000	425,500	399,200	367,900	337,500	264,700	322,700	336,900	352,613	234,942	257,048	254,372	268,907	218,785	220,034	206,364	219,896	166,424	198,172	189,648	225,530	144,770	180,138	176,415	181,414	171,569	160,072	162,220	125,205	97,419	99,224	71,831	77,586	74,873	68,953	54,635	59,828	46,662	37,007	43,605	32,500	30,355	26,298	25,055	19,974	21,733	15,826	15,263	11,904	37,880	36,994	23,950	22,480	8,139	13,886	9,062	8,618	6,877	7,986	6,101	4,392	4,291	4,483	4,137	3,758	4,631	4,802	3,740	3,000	1,800	2,100	2,300	1,800	2,500	2,100	-
Other Current Liab	2,425,000	2,367,000	2,163,000	2,331,000	2,407,000	2,338,000	2,172,000	2,105,000	2,532,000	2,418,000	2,234,000	2,158,000	2,519,000	2,340,000	2,290,000	1,994,000	2,191,000	2,175,000	2,056,000	1,915,000	2,267,000	2,126,000	1,912,000	1,716,000	2,071,000	1,981,000	1,655,000	1,562,000	1,856,000	1,772,500	1,565,000	1,325,100	1,818,400	1,655,600	1,348,700	1,221,800	1,522,291	263,132	263,231	277,132	313,156	334,974	282,414	204,706	222,359	106,395	164,729	75,958	126,731	874,654	8,219	602,097	770,763	652,272	507,791	438,941	540,363	418,194	312,012	253,101	309,484	271,573	253,389	238,838	52,237	237,510	219,496	186,761	202,263	185,633	144,449	117,435	119,461	115,085	101,657	83,427	9,566	84,545	63,456	54,371	53,213	43,281	34,752	31,882	34,539	27,865	27,501	18,804	18,046	20,689	18,171	18,306	23,865	17,917	13,034	9,731	11,800	10,200	9,200	100	11,300	9,000	7,200	-
Other Liab	0	0	0	847,000	836,000	819,000	800,000	900,000	923,000	927,000	954,000	998,000	1,038,000	1,119,000	809,000	780,000	739,000	766,000	723,000	845,000	915,000	979,000	972,000	915,000	869,000	273,000	288,000	283,000	313,000	298,400	314,200	205,700	189,100	182,200	154,200	158,500	197,380	85,828	108,941	133,201	277,445	352,041	316,727	252,684	287,081	254,488	407,718	276,653	342,003	120,258	73,944	68,101	62,971	68,850	71,598	45,231	38,455	31,890	15,108	13,977	14,111	15,268	16,507	15,469	14,267	9,152	7,992	8,027	2,979	2,673	2,553	2,302	0	0	0	0	0	0	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	15,000	16,000	17,000	22,000	15,000	17,000	21,000	31,000	27,000	29,000	32,000	44,000	32,000	33,000	83,000	41,000	33,000	35,000	38,000	64,000	47,000	119,000	55,000	63,000	49,000	208,000	128,000	59,000	358,000	279,200	333,700	301,400	453,000	432,400	520,600	607,200	555,558	560,502	513,057	572,913	546,644	482,306	426,929	503,342	457,260	404,404	407,972	731,359	692,723	644,783	756,896	813,962	846,886	845,408	769,916	722,464	664,837	605,544	572,080	551,254	541,735	523,529	532,237	480,648	450,567	520,546	494,571	458,633	410,019	376,534	346,006	324,259	293,149	276,801	240,057	214,473	191,322	167,992	149,370	127,284	118,454	102,848	85,541	75,424	71,854	58,209	48,156	40,808	39,711	38,006	34,623	30,373	29,094	28,533	27,792	26,462	33,000	30,900	30,100	29,500	28,700	28,400	27,600	-
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	-	-
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	-	-
Property Plant And Equipment Gross	4,431,000	1,766,000	1,875,000	1,944,000	1,977,000	1,978,000	0	0	0	0	2,229,000	2,230,000	2,264,000	2,317,000	2,347,000	2,249,000	2,235,000	2,223,000	2,184,000	2,123,000	1,394,000	1,362,000	1,345,000	1,333,000	1,324,000	1,304,000	1,284,000	1,306,000	1,311,000	1,323,300	1,287,400	1,270,000	1,271,400	1,278,900	1,277,300	1,268,000	1,247,205	1,101,468	1,086,116	1,090,885	1,081,164	1,011,803	1,017,705	1,008,198	971,486	878,561	837,683	784,975	758,034	664,609	614,494	601,699	570,448	521,497	504,769	478,363	481,516	460,237	446,926	456,301	455,254	453,350	409,810	393,251	356,047	291,629	265,749	235,937	220,154	198,108	179,277	161,577	146,982	126,515	108,522	94,638	90,705	70,075	58,110	57,813	58,438	51,656	47,765	42,766	39,090	25,906	25,165	24,247	24,339	22,197	18,370	17,641	15,937	12,859	10,510	9,376	9,500	9,300	8,300	6,900	6,300	5,500	5,400	-
Property Plant And Equipment Net	1,659,000	1,766,000	1,875,000	1,944,000	1,977,000	1,978,000	2,028,000	2,086,000	2,104,000	2,135,000	2,229,000	2,230,000	2,264,000	2,317,000	2,347,000	2,249,000	2,235,000	2,223,000	2,184,000	2,123,000	1,394,000	1,362,000	1,345,000	1,333,000	1,324,000	1,304,000	1,284,000	1,306,000	1,311,000	1,323,300	1,287,400	1,270,000	1,271,400	1,278,900	1,277,300	1,268,000	1,247,205	1,101,468	1,086,116	1,090,885	1,081,164	1,011,803	1,017,705	1,008,198	971,486	878,561	837,683	784,975	758,034	664,609	614,494	601,699	570,448	521,497	504,769	478,363	481,516	460,237	446,926	456,301	455,254	453,350	409,810	393,251	356,047	291,629	265,749	235,937	220,154	198,108	179,277	161,577	146,982	126,515	108,522	94,638	90,705	70,075	58,110	57,813	58,438	51,656	47,765	42,766	39,090	25,906	25,165	24,247	24,339	22,197	18,370	17,641	15,937	12,859	10,510	9,376	9,500	9,300	8,300	6,900	6,300	5,500	5,400	-
Property Plant Equipment	0	0	1,087,000	1,102,000	1,101,000	1,105,000	2,028,000	1,171,000	2,104,000	2,135,000	2,229,000	1,250,000	1,251,000	1,313,000	1,345,000	1,322,000	1,309,000	1,318,000	1,337,000	1,314,000	1,394,000	1,362,000	1,345,000	1,333,000	1,324,000	1,304,000	1,284,000	1,306,000	1,311,000	1,323,300	1,287,400	1,270,000	1,271,400	1,278,900	1,277,300	1,268,000	1,247,205	1,101,468	1,086,116	1,090,885	1,081,164	1,011,803	1,017,705	1,008,198	971,486	878,561	837,683	784,975	758,034	664,609	614,494	601,699	570,448	521,497	504,769	478,363	481,516	460,237	446,926	456,301	455,254	453,350	409,810	393,251	356,047	291,629	265,749	235,937	220,154	198,108	179,277	161,577	146,982	126,515	108,522	94,638	90,705	70,075	58,110	57,813	58,438	51,656	47,765	42,766	39,090	25,906	25,165	24,247	24,339	22,197	18,370	17,641	15,937	12,859	10,510	9,376	0	0	0	0	0	0	-	-
Retained Earnings	13,301,000	13,146,000	13,022,000	12,856,000	12,588,000	12,447,000	12,193,000	11,956,000	11,922,000	11,479,000	11,086,000	10,907,000	10,689,000	11,142,000	11,072,000	10,831,000	11,022,000	10,820,000	10,583,000	11,140,000	11,485,000	11,041,000	10,681,000	10,856,000	10,544,000	10,721,000	10,316,000	9,935,000	10,478,000	10,063,200	9,618,800	9,366,400	8,925,200	8,501,800	8,104,600	7,684,500	7,301,634	6,938,777	6,583,153	6,211,245	5,862,367	5,538,035	5,218,408	4,917,998	4,633,789	4,355,010	4,078,109	3,826,177	3,582,526	3,342,399	3,115,280	2,907,235	2,698,908	2,492,742	2,289,043	2,116,868	1,965,368	1,821,364	1,684,792	1,543,533	1,430,405	1,318,117	1,205,289	1,101,433	999,560	903,304	807,150	724,873	650,277	580,744	519,717	464,646	417,482	359,809	319,226	283,194	251,216	220,614	194,562	170,761	150,973	133,248	117,288	103,786	93,608	84,469	74,802	66,155	59,046	54,406	48,298	42,450	36,886	31,467	26,682	22,664	19,200	16,100	13,300	10,700	8,000	5,400	3,700	-
Retained Earnings Total Equity	0	0	13,022,000	12,856,000	12,588,000	12,447,000	12,193,000	11,956,000	11,922,000	11,479,000	11,086,000	10,907,000	10,689,000	11,142,000	11,072,000	10,831,000	11,022,000	10,820,000	10,583,000	11,140,000	11,485,000	11,041,000	10,681,000	10,856,000	10,544,000	10,721,000	10,316,000	9,935,000	10,478,000	10,063,200	9,618,800	9,366,400	8,925,200	8,501,800	8,104,600	7,684,500	7,301,634	6,938,777	6,583,153	6,211,245	5,862,367	5,538,035	5,218,408	4,917,998	4,633,789	4,355,010	4,078,109	3,826,177	3,582,526	3,342,399	3,115,280	2,907,235	2,698,908	2,492,742	2,289,043	2,116,868	1,965,368	1,821,364	1,684,792	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	33,000	33,000	24,000	16,000	8,000	0	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	28,000	19,000	9,000	100,000	100,000	100,000	100,000	100,000	991,000	437,000	81,000	75,000	68,800	162,500	56,000	0	0	0	50,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Short Long Term Debt Total	1,315,000	1,445,000	1,481,000	1,507,000	1,534,000	1,520,000	1,571,000	1,607,000	1,642,000	1,678,000	1,729,000	1,715,000	1,758,000	3,483,000	3,467,000	3,399,000	1,685,000	1,676,000	1,626,000	1,581,000	745,000	724,000	749,000	773,000	873,000	823,000	991,000	1,209,000	878,000	896,600	908,800	1,020,900	1,287,500	950,000	1,062,500	1,075,000	1,637,502	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8,900	0	0	-	-
Short Term Debt	186,000	197,000	195,000	189,000	182,000	173,000	216,000	232,000	233,000	238,000	242,000	240,000	249,000	251,000	244,000	235,000	240,000	233,000	229,000	203,000	9,000	100,000	100,000	100,000	175,000	100,000	244,000	437,000	81,000	75,000	68,800	162,500	406,300	50,000	150,000	150,000	700,002	1,178,907	1,005,626	882,856	1,165,065	1,010,302	846,622	750,432	896,568	941,346	775,330	727,487	905,056	0	705,446	0	0	0	0	0	0	0	0	0	0	0	0	0	223,251	0	0	0	0	0	0	0	0	0	0	0	79,260	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8,900	0	0	-	-
Short Term Investments	848,000	164,000	40,000	23,000	310,000	689,000	552,000	127,000	927,000	749,000	482,000	185,000	44,000	139,000	160,000	396,000	779,000	734,000	1,343,000	2,718,000	3,350,000	3,424,000	3,346,000	3,390,000	3,131,000	3,136,000	3,221,000	2,966,000	3,135,000	3,308,300	2,796,700	2,927,900	2,824,300	2,574,000	2,477,200	2,078,400	1,764,577	2,000,860	2,136,779	1,928,993	1,534,467	1,329,480	1,222,364	1,269,586	1,293,681	1,307,009	1,295,897	1,162,660	1,121,358	1,110,057	1,076,371	874,616	685,419	611,739	612,313	352,939	298,402	189,775	122,795	50,072	27,513	26,134	29,979	25,208	330,580	512,768	441,251	400,063	382,222	337,898	265,095	257,186	227,063	153,587	146,679	139,406	21,315	20,021	36,146	36,874	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	-	-
Total Assets	18,483,000	18,079,000	17,967,000	18,147,000	17,852,000	17,347,000	17,258,000	17,434,000	17,852,000	17,232,000	16,829,000	16,660,000	16,923,000	18,787,000	18,216,000	17,429,000	16,204,000	15,844,000	15,517,000	16,096,000	15,913,000	15,274,000	14,806,000	15,045,000	15,221,000	14,580,000	13,938,000	13,629,000	14,262,000	13,716,700	13,140,100	12,735,900	13,065,400	12,267,600	11,797,600	11,383,400	11,718,916	9,227,043	8,687,294	8,279,299	8,208,914	7,617,149	7,012,320	6,709,302	6,521,571	6,107,039	5,654,219	5,668,125	5,507,933	5,104,115	4,916,702	4,637,873	4,583,074	4,246,279	3,764,154	3,509,747	3,338,240	2,976,482	2,673,287	2,429,045	2,374,560	2,212,228	2,109,781	1,941,657	1,838,306	1,739,013	1,584,354	1,444,690	1,325,981	1,182,512	1,046,066	934,327	869,893	771,736	683,208	604,847	572,745	506,842	442,683	389,350	360,589	313,993	271,412	241,692	231,473	200,776	180,792	154,321	144,983	138,573	123,283	111,795	109,540	95,378	83,048	72,809	69,000	61,000	56,400	53,800	51,700	44,700	40,100	-
Total Current Assets	7,506,000	7,127,000	6,951,000	7,228,000	7,266,000	7,317,000	7,023,000	7,077,000	7,342,000	6,995,000	6,451,000	6,595,000	6,851,000	8,619,000	8,531,000	8,325,000	7,611,000	7,391,000	7,206,000	7,883,000	8,677,000	8,727,000	8,303,000	8,990,000	9,111,000	8,557,000	8,099,000	7,842,000	8,600,000	8,199,800	7,758,900	7,570,900	7,908,600	7,237,900	6,771,400	6,406,500	6,750,297	7,260,026	6,740,690	6,290,740	6,147,882	5,739,205	5,133,961	4,836,640	4,814,294	4,541,531	4,152,352	4,196,742	4,085,506	3,812,197	3,757,897	3,535,800	3,518,234	3,234,680	2,804,924	2,469,233	2,307,568	2,016,826	1,763,674	1,525,656	1,468,119	1,321,208	1,268,620	1,116,421	1,242,179	1,353,594	1,229,570	1,137,593	1,040,391	921,217	811,590	709,133	663,423	591,860	531,858	482,379	453,997	412,004	360,205	307,041	278,497	242,870	203,859	182,542	175,834	169,316	149,944	127,072	117,335	111,264	99,721	88,773	88,223	77,522	67,465	60,544	56,700	48,700	45,100	43,700	42,400	37,100	32,500	-
Total Current Liabilities	3,333,000	3,191,000	3,056,000	3,321,000	3,347,000	3,223,000	3,153,000	3,186,000	3,529,000	3,319,000	3,183,000	3,150,000	3,540,000	3,296,000	3,212,000	2,872,000	2,983,000	2,919,000	2,824,000	2,720,000	2,777,000	2,693,000	2,537,000	2,469,000	2,839,000	2,600,000	2,415,000	2,585,000	2,418,000	2,300,700	2,120,000	2,050,400	2,713,700	2,128,400	1,956,500	1,884,100	2,592,094	1,741,464	1,567,662	1,502,866	1,774,508	1,602,038	1,357,297	1,225,843	1,377,330	1,275,588	1,151,095	1,021,245	1,209,705	1,040,730	887,351	801,713	930,726	804,169	645,598	578,147	646,608	508,374	389,858	340,520	387,577	345,898	328,447	312,660	340,684	286,354	259,119	239,334	249,503	213,281	169,320	138,874	155,748	130,089	118,020	96,534	115,060	96,284	72,625	62,839	62,636	49,570	41,591	37,525	41,487	32,682	32,108	22,364	21,698	23,700	20,191	20,536	26,722	19,820	14,557	11,502	13,200	11,400	10,300	10,700	13,000	9,900	8,100	-
Total Liab	5,256,000	5,197,000	5,064,000	5,486,000	5,543,000	5,389,000	5,308,000	5,461,000	5,861,000	5,686,000	5,624,000	5,623,000	6,087,000	7,647,000	7,244,000	6,816,000	5,182,000	5,142,000	4,960,000	4,960,000	4,489,000	4,296,000	4,158,000	4,057,000	4,552,000	3,601,000	3,455,000	3,646,000	3,534,000	3,424,400	3,277,200	3,123,600	3,787,300	3,440,600	3,256,800	3,204,900	3,978,698	1,845,333	1,696,465	1,656,342	2,073,123	1,968,873	1,688,572	1,493,368	1,667,188	1,534,669	1,561,886	1,300,876	1,555,047	1,164,593	964,853	873,684	998,643	879,095	723,267	623,378	685,063	540,264	405,590	356,334	408,982	369,199	355,407	340,631	370,096	295,506	267,111	247,361	252,482	215,954	171,873	141,176	155,748	130,089	118,020	97,761	119,216	112,733	93,134	85,137	86,519	77,024	68,015	62,062	65,992	58,154	57,699	47,368	46,191	46,077	40,330	38,951	43,424	35,246	28,422	23,502	23,500	19,900	18,300	18,300	19,100	14,800	12,000	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Stockholder Equity	13,227,000	12,882,000	12,903,000	12,661,000	12,309,000	11,958,000	11,950,000	11,973,000	11,991,000	11,546,000	11,205,000	11,037,000	10,836,000	11,140,000	10,972,000	10,613,000	11,022,000	10,702,000	10,557,000	11,136,000	11,424,000	10,978,000	10,648,000	10,988,000	10,669,000	10,979,000	10,483,000	9,983,000	10,728,000	10,292,300	9,862,900	9,612,300	9,278,100	8,827,000	8,540,800	8,178,500	7,740,218	7,381,710	6,990,829	6,622,957	6,135,791	5,648,276	5,323,748	5,215,934	4,854,383	4,572,370	4,092,333	4,367,249	3,952,886	3,939,522	3,951,849	3,764,189	3,584,431	3,367,184	3,040,887	2,886,369	2,653,177	2,436,218	2,267,697	2,072,711	1,965,578	1,843,029	1,754,374	1,601,026	1,468,210	1,443,507	1,317,243	1,197,329	1,073,499	966,558	874,193	793,151	714,145	641,647	565,188	507,086	453,529	394,109	349,549	304,213	274,070	236,969	203,397	179,630	165,481	142,622	123,093	106,953	98,792	92,496	82,953	72,844	66,116	60,132	54,626	49,307	45,500	41,100	38,100	35,500	32,600	29,900	28,100	-
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	-	-
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	-	-

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
Begin Period Cash Flow	2,191,000	1,792,000	2,680,000	2,645,000	1,161,000	1,925,000	2,034,000	2,125,000	2,010,100	2,213,006	1,570,077	1,310,906	1,540,969	1,100,930	735,066	339,845	265,937	196,938	199,296	194,221	126,211	84,977	61,976	42,641	28,400	2,700
Capital Expenditures	317,000	332,000	279,000	398,000	392,000	377,000	284,000	300,000	272,800	212,203	261,626	334,465	288,221	185,512	76,639	169,410	182,467	104,734	71,770	46,581	29,991	22,268	14,953	10,652	5,900	3,700
Cash And Cash Equivalents Changes	0	523,000	-888,000	35,000	1,484,000	-764,000	-109,000	-91,000	115,100	-202,857	642,929	259,171	-230,063	440,039	365,864	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	343,000	348,000	73,000	159,000	-8,000	-270,000	-163,000	-71,100	-99,471	-99,006	-66,525	-128,029	-107,241	-58,134	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-404,000	502,000	-888,000	35,000	1,484,000	-764,000	-109,000	-91,000	115,100	-202,857	642,929	259,171	-230,063	440,039	365,864	395,221	73,908	68,999	-2,358	99,225	68,010	41,234	23,001	19,335	14,200	25,800
Change In Working Capital	-189,000	-324,000	-488,000	813,000	101,000	-407,000	186,000	-471,000	108,700	-220,970	-40,872	16,083	-225,751	-10,566	64,074	-108,876	-82,003	-45,560	-31,897	-4,357	-13,226	1,645	-12,664	-141	200	1,500
Change Receivables	0	-238,000	-407,000	264,000	37,000	-365,000	-249,000	-330,000	-322,400	-259,332	-258,469	-158,603	-284,167	-278,418	-98,451	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-43,000	-238,000	-407,000	264,000	37,000	-365,000	-249,000	-330,000	-322,400	-259,332	-258,469	-158,603	-284,167	-278,418	-98,451	-168,395	-119,882	-102,334	-55,827	-42,739	0	0	0	0	0	0
Change To Inventory	16,000	0	-65,000	375,000	0	272,000	490,000	-50,000	400,600	-6,440	254,058	178,605	-99,224	-99,643	-52,033	-31,151	-34,232	54,376	-485,953	-302,101	0	0	0	0	0	0
Change To Liabilities	0	-429,000	-16,000	476,000	-95,000	-34,000	705,000	22,000	502,200	137,833	316,603	241,211	186,445	367,495	214,558	19,283	10,554	10,817	0	0	0	0	0	0	0	0
Change To Netincome	0	33,000	846,000	535,000	30,000	400,000	274,000	160,000	91,000	46,646	56,140	-51,351	93,110	-60,894	-9,982	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-49,000	-488,000	813,000	101,000	48,000	401,000	-109,000	361,000	-59,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	519,000	569,000	574,000	559,000	526,000	498,000	443,000	379,000	330,000	208,067	179,930	156,588	124,175	110,172	89,371	74,797	53,918	34,163	21,400	16,447	11,936	7,842	6,367	4,507	3,000	2,200
Dividends Paid	-591,000	564,000	509,000	480,000	453,000	468,000	265,000	350,000	300,000	1,650,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	1,787,000	2,294,000	1,792,000	2,680,000	2,645,000	1,161,000	1,925,000	2,034,000	2,125,200	2,010,149	2,213,006	1,570,077	1,310,906	1,540,969	1,100,930	735,066	339,845	265,937	196,938	293,446	194,221	126,211	84,977	61,976	42,600	28,500
Exchange Rate Changes	0	0	-16,000	-17,000	-34,000	-36,000	51,000	-30,000	-19,500	-18,583	-19,217	-378	521	2,272	11,355	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	2,013,000	2,236,000	2,216,000	2,901,000	2,107,000	2,215,000	2,123,000	1,321,000	1,880,500	1,260,807	1,162,150	838,118	586,931	579,142	595,686	260,295	161,853	148,142	87,990	80,752	49,871	34,414	17,126	19,568	12,700	9,700
Investments	-577,000	-106,000	-915,000	283,000	2,597,000	-139,000	-82,000	-329,000	-1,096,100	-257,054	-275,332	-175,687	-479,260	-227,515	-249,512	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
Net Borrowings	0	-39,000	-53,000	-50,000	-28,000	-145,000	-20,000	-407,000	-353,400	1,626,723	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	2,126,000	2,290,000	2,137,000	1,392,000	1,842,000	2,101,000	1,504,000	1,553,000	1,623,600	1,439,267	1,228,578	1,051,263	883,618	733,540	534,963	430,845	350,133	232,795	166,266	100,243	57,365	34,562	22,160	17,683	11,200	6,000
Other Cashflows From Financing Activities	-331,000	647,000	-2,164,000	-1,238,000	1,588,000	-54,000	75,000	24,000	33,700	3,314,456	30,581	48,373	39,141	71,919	31,556	16,993	42,265	31,495	-204,546	-68,394	-2,963	-35,464	-8	8	-5,900	-6,400
Other Cashflows From Investing Activities	0	-339,000	-970,000	-1,123,000	-617,000	-1,111,000	-216,000	-334,000	-1,700	-2,691,437	-193,805	-59,894	-82,800	-33,863	-68,613	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	37,000	45,000	-1,000	119,000	119,000	125,000	-71,000	34,000	25,100	11,401	25,534	-40,798	11,477	-1,648	-2,754	-5,933	-38,705	3,826	51,331	37,326	24,409	12,621	8,425	1,830	-100	200
Sale Purchase Of Stock	-1,064,000	-1,422,000	-771,000	-1,621,000	-2,247,000	-1,261,000	-1,889,000	-512,000	-460,000	-248,317	-179,004	-520,845	-374,147	-59,000	-16,259	-27,835	-105,360	0	0	0	0	0	0	0	0	-800
Stock Based Compensation	176,000	261,000	246,000	232,000	217,000	267,000	221,000	217,000	192,000	134,825	118,800	107,355	90,232	-14,935	13,260	43,900	35,916	29,934	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-1,609,000	-1,939,000	-1,203,000	-2,009,000	-2,569,000	-1,693,000	-1,985,000	-719,000	-648,100	1,503,410	-30,867	-342,988	-255,455	120,003	76,948	44,034	4,008	82,895	47,451	36,768	21,777	20,043	5,983	1,763	1,600	16,100
Total Cash From Operating Activities	2,330,000	2,568,000	2,495,000	3,299,000	2,499,000	2,592,000	2,407,000	1,621,000	2,153,300	1,473,010	1,423,776	1,172,583	875,152	764,654	672,325	429,705	344,320	252,876	159,760	127,333	79,862	56,682	32,079	30,220	18,600	13,400
Total Cashflows From Investing Activities	0	-106,000	-2,164,000	-1,238,000	1,588,000	-1,627,000	-582,000	-963,000	-1,370,600	-3,160,694	-730,763	-570,046	-850,281	-446,890	-394,764	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30
Begin Period Cash Flow	2,204,000	2,055,000	2,458,000	2,294,000	2,042,000	1,768,000	2,192,000	1,792,000	1,664,000	1,368,000	1,973,000	2,680,000	4,436,000	4,422,000	3,886,000	2,645,000	2,343,000	1,660,000	950,000	1,161,000	1,339,000	901,000	1,599,000	1,925,000	1,577,000	1,157,000	1,308,000	2,034,000	1,550,300	1,684,500	1,523,800	2,125,200	1,476,700	1,089,300	1,271,400	2,010,100	2,617,619	1,992,442	1,935,991	2,213,006	2,031,119	1,678,205	1,474,860	1,570,077	1,324,739	1,050,245	1,328,535	1,310,906	1,181,219	1,193,040	1,293,499	1,540,969	1,317,077	1,039,686	1,080,942	1,100,930	992,926	860,377	758,568	735,066	569,262	521,193	449,739	339,845	296,488	268,985	273,038	265,937	197,700	203,105	165,362	196,938	214,909	180,123	174,988	199,296	250,370	197,027	161,985	194,221	159,749	137,739	126,647	126,211	123,082	103,843	91,186	84,977	79,767	67,659	60,966	61,976	52,836	45,209	40,360	42,641	33,700	29,400	25,100	28,400	4,500	0
Capital Expenditures	78,000	73,000	68,000	98,000	90,000	79,000	43,000	120,000	65,000	51,000	75,000	88,000	89,000	104,000	93,000	112,000	93,000	97,000	96,000	106,000	96,000	94,000	91,000	96,000	80,000	78,000	60,000	66,000	87,200	74,200	74,900	63,700	74,100	65,100	75,600	58,000	74,656	55,590	38,701	43,256	107,280	31,836	50,325	72,185	125,749	69,944	78,321	60,451	124,561	74,110	33,735	55,815	74,551	44,796	41,946	24,219	14,626	31,988	9,553	20,472	23,085	61,115	31,787	53,423	72,034	39,562	42,196	28,675	33,522	26,223	24,402	20,587	22,197	27,221	13,712	8,640	24,790	15,474	3,626	2,691	9,729	6,562	7,646	6,054	14,669	2,758	2,897	1,944	4,262	5,405	2,178	3,108	4,297	3,481	2,081	793	1,000	1,700	2,000	1,200	1,300	600
Cash And Cash Equivalents Changes	0	0	-403,000	164,000	193,000	317,000	-387,000	400,000	128,000	296,000	-605,000	-707,000	-1,756,000	14,000	536,000	1,241,000	302,000	683,000	710,000	-211,000	-178,000	438,000	-698,000	-326,000	348,000	420,000	-151,000	-726,000	483,900	-134,200	160,700	-601,400	648,500	387,400	-182,100	-738,700	-607,470	625,177	56,451	-277,015	181,887	352,914	203,345	-95,217	245,338	274,494	-278,290	17,629	129,687	-11,821	-100,459	-247,470	223,892	277,391	-41,256	-19,988	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-79,000	-17,000	82,000	130,000	204,000	-73,000	91,000	197,000	96,000	-36,000	-23,000	-75,000	145,000	26,000	239,000	-131,000	-39,000	90,000	-152,000	7,000	-110,000	247,000	-226,000	83,000	-116,000	-11,000	-27,800	-9,800	-34,800	-90,600	-23,400	23,200	-28,500	-42,400	-46,530	-19,773	-5,441	-27,727	-32,755	-22,678	-13,991	-29,582	-39,765	13,967	-11,482	-29,245	-65,465	-7,890	-41,432	-13,242	22,981	-37,875	-30,889	-61,458	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-417,000	149,000	-403,000	164,000	252,000	274,000	-424,000	400,000	128,000	296,000	-605,000	-707,000	-1,756,000	14,000	536,000	1,241,000	302,000	683,000	710,000	-211,000	-178,000	438,000	-698,000	-326,000	348,000	420,000	-151,000	-726,000	483,700	-134,200	160,700	-601,400	648,500	387,400	-182,100	-738,700	-607,470	625,177	56,451	-277,015	181,887	352,914	203,345	-95,217	245,338	274,494	-278,290	17,629	129,687	-11,821	-100,459	-247,470	223,892	277,391	-41,256	-19,988	108,004	132,549	101,809	23,502	165,804	48,069	71,454	109,894	43,357	27,503	-4,053	7,101	68,237	-5,405	37,743	-31,576	-17,971	34,786	5,135	-24,308	43,076	53,343	35,042	-32,236	34,472	22,010	11,092	436	3,129	19,239	12,657	6,209	5,210	12,108	6,693	-1,010	9,140	7,627	4,849	-2,281	8,900	4,300	4,300	-3,300	2,500	4,500
Change In Working Capital	108,000	256,000	-515,000	-38,000	163,000	228,000	-162,000	-553,000	172,000	167,000	-178,000	-649,000	474,000	78,000	447,000	-186,000	388,000	-1,000	36,000	-322,000	-31,000	97,000	-138,000	-335,000	536,000	157,000	-106,000	-401,000	43,600	76,700	-9,000	-582,300	139,200	337,000	-41,000	-326,500	-89,807	182,106	-16,977	-296,292	182,699	93,127	-14,338	-302,360	86,295	133,401	-26,925	-176,688	-47,844	54,525	-21,175	-211,257	245,838	25,378	-91,215	-190,567	89,005	57,381	-8,550	-73,762	60,809	-7,452	-62,415	-99,818	31,903	1,676	-48,654	-66,928	31,557	6,949	-20,748	-63,318	17,107	9,141	-15,921	-42,224	20,879	7,967	-9,525	-23,678	11,090	-9,087	-5,962	-9,267	4,226	409	-217	-2,773	-3,129	3,810	-4,809	-8,536	4,601	2,580	643	-7,965	3,100	1,700	2,600	-7,200	-1,000	1,800
Change Receivables	0	0	-39,000	89,000	-65,000	78,000	-134,000	-117,000	-36,000	-92,000	-148,000	-131,000	52,000	134,000	65,000	13,000	213,000	-47,000	2,000	-131,000	-52,000	17,000	-57,000	-273,000	35,000	-181,000	-17,000	-86,000	-68,800	-74,000	-132,000	-55,200	-131,800	-4,900	-75,000	-110,700	-91,677	-6,464	-108,529	-52,662	15,033	-56,208	-67,873	-149,421	25,934	-64,588	-70,085	-49,864	-76,925	-36,823	-81,390	-89,029	13,399	-99,508	-100,089	-92,220	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-29,000	-64,000	-39,000	89,000	-65,000	78,000	-134,000	-117,000	-36,000	-92,000	-148,000	-131,000	52,000	134,000	65,000	13,000	213,000	-47,000	2,000	-131,000	-52,000	17,000	-57,000	-273,000	35,000	-181,000	-17,000	-86,000	-68,800	-74,000	-132,000	-55,200	-131,800	-4,900	-75,000	-110,700	-91,677	-6,464	-108,529	-52,662	15,033	-56,208	-67,873	-149,421	25,934	-64,588	-70,085	-49,864	-76,925	-36,823	-81,390	-89,029	13,399	-99,508	-100,089	-92,220	-36,489	-36,306	-12,314	-13,342	-168,395	0	0	-66,774	-119,882	0	0	-42,923	-102,334	0	0	-31,705	-55,827	0	0	-16,806	-42,739	0	0	0	0	0	0	0	0	0	0	0	0	0	0	51	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	388,000	-371,000	0	0	0	0	0	110,000	356,000	63,000	-594,000	295,000	19,000	363,000	-302,000	118,000	39,000	139,000	-296,000	-5,880,000	186,000	107,000	-41,000	465,000	395,000	-6,000	-364,000	107,100	249,600	196,900	-603,600	217,200	334,300	92,200	-243,100	24,549	148,660	126,297	-305,946	197,774	136,028	68,902	-148,646	186,674	31,109	-9,933	-29,245	-57,544	12,994	-41,192	-13,482	21,093	-29,188	-40,252	-51,296	-818	-21,464	-22,089	-7,662	135,362	0	0	6,859	70,236	0	0	-41,992	126,053	0	0	-34,251	-436,949	0	0	-26,989	-276,865	0	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 Liabilities	0	0	-397,000	-110,000	146,000	20,000	-232,000	-363,000	98,000	-97,000	-93,000	-482,000	445,000	19,000	237,000	-225,000	-64,000	177,000	73,000	-281,000	173,000	73,000	29,000	-309,000	727,000	255,000	27,000	-304,000	140,200	160,500	157,800	-436,500	294,400	318,700	62,500	-173,400	48,400	208,343	96,993	-215,903	200,421	172,013	67,526	-123,357	100,126	184,022	54,642	-97,579	94,546	99,238	101,407	-108,746	211,346	154,074	49,126	-47,051	6,675	9,722	0	16,861	19,283	14,123	13,721	11,132	10,554	3,337	0	19,417	10,817	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	-53,000	55,000	-123,000	34,000	-31,000	153,000	77,000	237,000	62,000	184,000	-40,000	361,000	34,000	180,000	22,000	94,000	-103,000	17,000	-46,000	161,000	199,000	86,000	196,000	7,000	54,000	17,000	39,400	-24,900	23,300	122,200	39,400	1,300	-7,000	57,300	-11,730	-4,266	4,588	58,054	-49,075	21,546	35,651	48,018	-44,378	-66,808	61,660	-1,825	58,484	16,061	-790	19,355	-91,212	-13,581	19,723	24,176	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	-371,000	-38,000	171,000	227,000	-162,000	-507,000	172,000	167,000	-178,000	-649,000	474,000	19,000	363,000	-302,000	118,000	39,000	139,000	-296,000	-10,000	151,000	53,000	-146,000	401,000	376,000	-21,000	-11,000	-109,000	-9,200	-34,400	-90,600	361,000	0	0	0	-59,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	127,000	146,000	141,000	132,000	141,000	141,000	144,000	143,000	144,000	144,000	145,000	141,000	148,000	138,000	137,000	136,000	133,000	127,000	133,000	133,000	131,000	127,000	123,000	117,000	122,000	114,000	103,000	104,000	100,600	97,800	92,900	87,700	88,000	82,400	84,000	75,600	62,876	49,717	48,794	46,680	47,917	44,578	43,834	43,601	41,164	41,366	37,433	36,625	34,299	31,639	29,273	28,964	29,614	27,929	25,248	27,381	24,339	22,301	21,579	21,152	21,253	19,474	17,777	16,293	14,735	13,870	13,053	12,260	10,471	8,861	7,801	7,030	5,280	5,581	5,449	5,090	4,671	4,083	3,828	3,865	3,539	3,008	2,767	2,622	2,163	2,005	1,747	1,927	1,801	1,629	1,499	1,438	1,265	1,245	1,026	971	800	900	700	600	600	600
Dividends Paid	-146,000	147,000	148,000	150,000	139,000	141,000	141,000	143,000	127,000	127,000	127,000	128,000	118,000	120,000	121,000	121,000	110,000	111,000	116,000	116,000	116,000	116,000	118,000	118,000	86,000	90,000	89,000	61,000	134,600	0	0	250,000	251,100	0	0	0	265,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	1,787,000	2,204,000	2,055,000	2,458,000	2,294,000	2,042,000	1,768,000	2,192,000	1,792,000	1,664,000	1,368,000	1,973,000	2,680,000	4,436,000	4,422,000	3,886,000	2,645,000	2,343,000	1,660,000	950,000	1,161,000	1,339,000	901,000	1,599,000	1,925,000	1,577,000	1,157,000	1,308,000	2,034,000	1,550,300	1,684,500	1,523,800	2,125,200	1,476,700	1,089,300	1,271,400	2,010,149	2,617,619	1,992,442	1,935,991	2,213,006	2,031,119	1,678,205	1,474,860	1,570,077	1,324,739	1,050,245	1,328,535	1,310,906	1,181,219	1,193,040	1,293,499	1,540,969	1,317,077	1,039,686	1,080,942	1,100,930	992,926	860,377	758,568	735,066	569,262	521,193	449,739	339,845	296,488	268,985	273,038	265,937	197,700	203,105	165,362	196,938	214,909	180,123	174,988	293,446	250,370	197,027	161,985	194,221	159,749	137,739	126,647	126,211	123,082	103,843	91,186	84,977	79,767	67,659	60,966	61,976	52,836	45,209	40,360	42,600	33,700	4,300	25,100	2,500	4,500
Exchange Rate Changes	0	0	0	0	0	0	0	-6,000	-3,000	-6,000	3,000	-10,000	21,000	94,000	-13,000	-119,000	-8,000	-34,000	5,000	3,000	-5,000	-12,000	-20,000	1,000	5,000	2,000	14,000	30,000	-35,000	2,700	-23,700	26,000	-8,100	-5,100	400	-6,700	-9,406	-14,156	-913	5,892	-1,781	-1,694	-15,999	257	126	1,814	-6,554	4,236	-3,423	-13,595	8,937	8,602	371	16,227	-5,610	-8,716	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	659,000	755,000	-32,000	631,000	612,000	953,000	485,000	186,000	760,000	897,000	466,000	93,000	809,000	821,000	886,000	385,000	845,000	620,000	479,000	163,000	606,000	768,000	549,000	292,000	756,000	695,000	461,000	211,000	511,400	519,800	284,700	5,100	615,900	752,800	380,500	131,300	249,540	527,591	369,612	114,064	398,593	447,042	315,232	1,283	236,111	314,916	245,779	41,312	160,505	255,234	181,378	-10,186	317,743	189,942	93,348	-21,891	222,896	176,467	141,705	54,618	169,828	78,651	42,978	-31,162	77,862	90,341	9,842	-16,192	84,936	60,523	27,197	-24,514	44,003	35,678	17,343	-9,034	27,007	26,498	27,179	68	28,173	12,400	8,625	673	6,427	12,452	9,954	5,581	4,102	10,367	4,307	-1,650	8,730	7,207	6,305	-2,674	7,700	4,200	4,200	-3,400	2,300	4,500
Investments	168,000	-199,000	-85,000	292,000	-78,000	-187,000	-428,000	801,000	-178,000	-299,000	-298,000	-140,000	94,000	26,000	237,000	-74,000	-43,000	583,000	1,398,000	659,000	178,000	-171,000	-16,000	-130,000	64,000	20,000	-329,000	163,000	145,900	-504,900	123,800	-94,200	-264,400	-111,800	-413,900	-306,000	220,548	120,142	-208,981	-388,763	-203,778	-119,427	22,286	25,587	1,035	2,432	-151,992	-27,162	-40,911	-50,817	-198,585	-188,947	-77,596	12,866	-129,863	-32,922	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Borrowings	0	0	0	-1,000	8,000	-21,000	-11,000	-14,000	-13,000	-12,000	-13,000	-15,000	-1,753,000	-12,000	-12,000	1,727,000	-12,000	-7,000	-7,000	-2,000	19,000	-25,000	-25,000	-114,000	42,000	-170,000	-221,000	329,000	-16,000	-14,000	-113,500	-263,000	336,200	-113,400	-13,100	-563,100	1,628,223	-1,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	558,000	525,000	463,000	580,000	521,000	629,000	577,000	563,000	576,000	544,000	512,000	505,000	316,000	348,000	361,000	367,000	395,000	497,000	509,000	441,000	648,000	477,000	456,000	520,000	-18,000	495,000	470,000	557,000	415,000	444,400	252,400	441,200	423,400	397,200	420,100	382,900	362,857	355,624	371,908	348,878	324,332	319,627	300,410	284,209	278,779	276,901	251,932	243,651	240,127	227,119	208,045	208,327	206,166	203,699	172,175	151,500	144,004	136,572	141,255	113,132	112,288	112,828	103,856	101,873	96,256	96,154	82,277	75,446	69,533	61,027	55,071	47,164	57,673	40,583	36,032	31,978	30,602	26,052	23,801	19,788	17,725	15,960	13,502	10,178	9,139	9,667	8,647	7,109	4,640	6,108	5,847	5,565	5,419	4,785	4,018	3,461	3,000	2,900	2,500	2,800	2,500	1,700
Other Cashflows From Financing Activities	4,000	16,000	8,000	-215,000	647,000	-317,000	-1,000	700,000	-104,000	29,000	32,000	-538,000	-109,000	33,000	36,000	1,740,000	-127,000	37,000	40,000	356,000	-121,000	40,000	42,000	-75,000	-71,000	-108,000	-246,000	411,000	5,000	53,100	-52,100	3,200	516,900	-65,900	563,400	7,500	1,587,372	1,027	29,343	5,853	-62,706	35,259	18,542	7,490	23,413	9,107	3,107	12,746	8,175	8,925	6,249	15,792	12,422	31,086	12,658	15,753	19,155	7,250	3,332	1,819	28,569	-26,733	11,115	4,042	5,762	6,102	9,907	20,494	10,536	6,396	5,483	9,080	-95,673	-38,564	-35,783	-34,526	-24,790	1,082	-3,626	-41,060	-13,736	-6,562	87	-3,050	-25,121	-2,758	5,305	674	-8	-22	2,379	756	8	-3,481	528	389	-1,000	-1,700	-2,000	-1,200	-600	-600
Other Cashflows From Investing Activities	0	0	0	-409,000	-367,000	9,000	0	19,000	-255,000	-57,000	-348,000	-310,000	-54,000	-580,000	-403,000	-86,000	-239,000	-146,000	-35,000	-197,000	-632,000	-1,000	-477,000	-1,000	-144,000	-66,000	0	-6,000	-149,000	-33,700	-80,800	-70,500	-1,700	0	0	0	-2,679,950	0	-9,852	-1,635	-41,329	-1,339	-11,861	-139,276	-15,998	-19,019	-17,003	-7,874	-7,760	-55,719	-11,426	-7,895	-2,158	-2,670	-29,035	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-47,000	31,000	26,000	48,000	-36,000	30,000	24,000	27,000	-84,000	1,000	-2,000	-783,000	12,000	-80,000	43,000	144,000	80,000	65,000	-19,000	-7,000	-76,000	97,000	79,000	25,000	-34,000	9,000	-8,000	-46,000	34,600	-4,300	3,600	100	7,800	25,300	9,500	-17,500	10,274	10,276	4,884	-14,033	-16,172	16,370	29,441	-4,105	-15,804	-10,050	10,078	-25,022	14,891	15,946	-2,989	-16,371	-212	-6,152	12,220	-7,504	7,845	-6,859	-2,610	-1,130	-30,407	12,020	1,872	-2,402	-70,379	11,037	12,135	1,064	-20,749	8,290	7,599	1,084	5,290	24,300	9,337	12,404	10,537	7,930	14,490	4,369	9,119	8,051	4,077	3,162	6,535	3,248	2,087	751	2,936	1,987	2,224	1,278	466	517	835	13	0	-300	100	0	200	100
Sale Purchase Of Stock	-313,000	-315,000	-214,000	-222,000	-315,000	-315,000	-318,000	-474,000	-82,000	-129,000	-320,000	-240,000	-788,000	-248,000	-74,000	-511,000	-163,000	-259,000	-1,054,000	-771,000	-267,000	-45,000	-633,000	-316,000	-332,000	-13,000	-30,000	-1,514,000	-19,800	-157,100	-77,700	-257,400	-76,800	-169,200	-175,600	-38,400	-77,029	-9,427	-122,758	-39,103	-24,668	-6,927	-124,855	-22,554	-36,950	-65,112	-369,801	-48,982	-9,173	-172,844	-103,864	-88,266	-46,904	-7,195	-2,586	-2,315	-1,695	-1,099	-583	-12,882	-27,835	0	0	0	-105,360	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	43,000	16,000	18,000	23,000	58,000	58,000	89,000	56,000	52,000	65,000	67,000	62,000	54,000	58,000	65,000	55,000	45,000	52,000	54,000	66,000	68,000	69,000	71,000	59,000	60,000	52,000	55,000	54,000	51,600	49,700	62,200	53,500	50,400	46,400	49,400	45,800	34,203	31,271	33,534	35,817	32,447	27,023	30,237	29,093	27,444	22,261	26,271	31,379	25,988	24,500	23,679	16,065	2,518	-16,977	1,332	-1,808	-18,745	11,856	8,386	11,763	43,900	0	0	12,984	35,916	0	0	7,438	29,934	0	0	7,602	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	100	0	0	0
Total Cash From Financing Activities	-455,000	-450,000	-354,000	-350,000	-431,000	-458,000	-450,000	-600,000	-196,000	-239,000	-428,000	-340,000	-2,626,000	-347,000	-171,000	1,135,000	-253,000	-340,000	-1,137,000	-839,000	-325,000	-146,000	-734,000	-488,000	-333,000	-231,000	-297,000	-1,124,000	10,600	-118,500	-143,300	-467,800	306,800	-248,500	-149,100	-557,300	1,611,798	-8,400	-93,415	-6,573	30,182	28,332	-106,313	16,932	24,064	-25,649	-348,520	7,117	21,276	-146,924	-80,763	-49,044	-14,468	61,026	29,904	43,541	45,351	21,464	12,432	-2,299	6,797	-18,212	38,573	16,876	-80,317	17,936	25,789	40,600	24,500	20,960	14,768	22,667	12,964	11,476	11,829	11,182	13,069	10,804	8,352	4,543	6,543	9,318	6,143	-227	7,083	6,981	5,305	674	1,157	1,691	2,379	756	406	440	528	389	1,300	100	100	100	200	0
Total Cash From Operating Activities	737,000	828,000	36,000	729,000	702,000	1,032,000	528,000	306,000	825,000	948,000	541,000	181,000	898,000	925,000	979,000	497,000	938,000	717,000	575,000	269,000	702,000	862,000	640,000	388,000	836,000	773,000	521,000	277,000	598,600	594,000	359,600	68,800	690,000	817,900	456,100	189,300	324,196	583,181	408,313	157,320	505,873	478,878	365,557	73,468	361,860	384,860	324,100	101,763	285,066	329,344	215,113	45,629	392,294	234,738	135,294	2,328	237,522	208,455	151,258	75,090	192,913	139,766	74,765	22,261	149,896	129,903	52,038	12,483	118,458	86,746	51,599	-3,927	66,200	62,899	31,055	-394	51,797	41,972	30,805	2,759	37,902	18,962	16,271	6,727	21,096	15,210	12,851	7,525	8,364	15,772	6,485	1,458	13,027	10,688	8,386	-1,881	8,700	5,900	6,200	-2,200	3,600	5,100
Total Cashflows From Investing Activities	0	0	-85,000	-215,000	-78,000	-257,000	-471,000	700,000	-498,000	-407,000	-721,000	-538,000	-49,000	-658,000	-259,000	-272,000	-375,000	340,000	1,267,000	356,000	-550,000	-266,000	-584,000	-227,000	-160,000	-124,000	-389,000	91,000	-90,300	-612,400	-31,900	-228,400	-340,200	-176,900	-489,500	-364,000	-2,534,058	64,552	-257,534	-433,654	-352,387	-152,602	-39,900	-185,874	-140,712	-86,531	-247,316	-95,487	-173,232	-180,646	-243,746	-252,657	-154,305	-34,600	-200,844	-57,141	-394,764	-219,679	-120,434	0	0	0	25,690	66,156	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Cost Of Revenue	13,160,000	12,448,000	11,604,000	10,671,000	10,634,000	9,838,000	9,152,000	8,108,000	7,440,200	6,141,118	5,265,469	4,278,241	3,538,622	2,654,569	1,849,443	1,572,816	1,206,035	787,923	479,915	319,810	199,724	122,701	90,848	70,437	46,200	31,900
Depreciation And Amortization	519,000	629,000	604,000	889,000	905,000	460,000	408,000	359,000	325,200	199,664	172,201	149,089	117,401	103,875	89,371	74,797	53,918	34,163	21,400	16,447	11,936	7,842	6,367	4,507	3,000	2,200
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
Ebit	2,944,000	2,968,000	2,826,000	2,114,000	2,453,000	2,976,000	2,611,000	2,406,000	2,223,900	1,946,875	1,677,910	1,361,496	1,143,036	870,917	615,924	540,318	378,248	257,690	178,942	117,534	73,956	47,113	38,343	26,658	16,600	8,400
Ebitda	3,463,000	3,597,000	3,430,000	3,003,000	3,358,000	3,436,000	3,019,000	2,765,000	2,549,100	2,146,539	1,850,111	1,510,585	1,260,437	974,792	705,295	615,115	432,166	291,853	200,342	133,981	85,892	54,955	44,710	31,165	19,600	10,600
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
Extraordinary Items	0	0	0	0	0	5,000	-617,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	6,193,000	6,980,000	6,903,000	5,981,000	6,149,000	6,287,000	5,658,000	5,379,000	4,975,800	4,121,563	3,577,720	3,068,231	2,582,534	1,937,820	1,429,220	1,243,488	929,542	636,344	405,915	266,863	168,507	106,385	86,930	66,594	42,700	26,700
Income Before Tax	2,787,000	3,016,000	2,827,000	2,096,000	2,543,000	2,797,000	2,655,000	2,357,000	2,163,600	1,924,031	1,687,917	1,387,596	1,169,149	878,580	636,951	515,210	414,356	277,811	185,272	122,095	72,231	45,091	35,399	28,247	17,900	9,600
Income Tax Expense	668,000	730,000	693,000	704,000	643,000	698,000	1,153,000	805,000	540,000	484,764	459,339	336,333	285,531	145,040	101,988	84,365	64,223	45,016	19,006	21,852	14,866	10,529	13,239	10,564	6,700	3,600
Interest Expense	41,000	19,000	9,000	24,000	26,000	27,000	23,000	19,000	17,700	2,468	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	119,000	59,000	30,000	119,000	176,000	177,000	133,000	115,000	23,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	2,126,000	2,290,000	2,137,000	1,392,000	1,842,000	2,101,000	1,504,000	1,553,000	1,623,600	1,439,267	1,228,578	1,051,263	883,618	733,540	534,963	430,845	350,133	232,795	166,266	100,243	57,365	34,562	22,160	17,683	11,200	6,000
Net Income Applicable To Common Shares	0	2,290,000	2,137,000	1,392,000	1,842,000	2,101,000	1,504,000	1,553,000	1,623,600	1,439,267	1,228,578	1,051,263	883,618	733,540	534,963	430,845	350,133	232,795	166,266	100,243	57,365	34,562	22,160	17,683	0	0
Net Income From Continuing Ops	2,089,000	2,290,000	2,137,000	1,392,000	1,900,000	2,099,000	1,502,000	1,552,000	1,623,600	1,439,267	1,228,578	1,051,263	883,618	733,540	534,963	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	81,000	40,000	21,000	95,000	150,000	150,000	110,000	96,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	71,000	13,000	6,000	58,000	25,000	199,000	88,000	39,300	41,621	10,007	26,100	32,681	16,728	18,461	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	215,000	217,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	2,944,000	2,968,000	2,826,000	2,114,000	2,453,000	2,801,000	2,481,000	2,289,000	2,142,000	1,884,878	-1,677,910	1,361,496	1,136,468	861,852	618,490	516,670	381,522	258,943	177,616	117,620	72,312	45,198	35,620	26,128	16,600	9,000
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
Other Operating Expenses	16,409,000	16,460,000	15,681,000	14,323,000	14,113,000	13,324,000	12,329,000	11,198,000	10,274,000	8,377,803	7,165,279	5,984,976	4,984,688	3,730,537	2,660,173	2,299,634	1,754,055	1,165,324	708,214	469,053	293,909	183,888	142,158	110,903	72,300	49,600
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	560,000	569,000	574,000	559,000	526,000	498,000	443,000	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
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	3,326,000	3,443,000	3,503,000	3,100,000	2,972,000	3,026,000	2,769,000	2,731,000	2,508,600	2,037,021	1,727,609	1,557,646	1,328,665	972,093	721,359	652,021	494,102	343,238	206,899	132,796	84,259	53,345	44,942	35,959	23,100	15,500
Tax Provision	666,000	730,000	693,000	704,000	643,000	698,000	1,153,000	805,000	540,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	3,249,000	4,012,000	4,077,000	3,652,000	3,479,000	3,486,000	3,177,000	3,090,000	2,833,800	2,236,685	1,899,810	1,706,735	1,446,066	1,075,968	810,730	726,818	548,020	377,401	228,299	149,243	94,185	61,187	51,310	40,466	26,100	17,700
Total Other Income Expense Net	-157,000	48,000	1,000	-18,000	90,000	-154,000	64,000	-28,000	-44,400	-20,823	-38,889	-18,414	-6,568	-9,065	2,566	-23,648	3,274	1,253	-1,326	86	366	-1,915	-2,722	-530	1,300	600
Total Revenue	19,353,000	19,428,000	18,507,000	16,652,000	16,783,000	16,125,000	14,810,000	13,487,000	12,416,000	10,262,681	8,843,189	7,346,472	6,121,156	4,592,389	3,278,663	2,816,304	2,135,577	1,424,267	885,830	586,673	368,231	229,086	177,778	137,031	88,900	58,600

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31
Cost Of Revenue	3,204,000	3,209,000	3,231,000	3,143,000	3,152,000	3,080,000	3,119,000	3,097,000	3,030,000	2,947,000	2,863,000	2,764,000	2,662,000	2,647,000	2,615,000	2,747,000	2,749,000	2,681,000	2,629,000	2,575,000	2,540,000	2,480,000	2,417,000	2,401,000	2,360,000	2,337,000	2,261,000	2,194,000	2,078,000	2,077,400	2,037,700	1,915,400	1,933,600	1,934,600	1,844,800	1,727,200	1,639,384	1,569,828	1,499,462	1,432,444	1,411,155	1,382,336	1,272,013	1,199,965	1,150,934	1,111,898	1,030,889	984,520	970,689	924,886	860,871	782,176	758,023	699,623	641,019	555,904	520,796	475,599	433,340	419,708	419,748	405,936	380,867	366,265	341,514	317,286	292,326	254,909	232,588	208,427	188,320	158,588	135,978	128,175	117,768	97,994	94,657	84,585	75,558	65,010	58,598	52,968	47,199	40,959	36,194	32,970	29,348	24,189	21,989	23,109	23,381	22,369	21,012	19,110	16,376	13,939	12,500	11,800	11,100	10,700	9,700	8,900	7,300	-
Depreciation And Amortization	127,000	129,000	131,000	165,000	169,000	158,000	152,000	150,000	144,000	144,000	145,000	141,000	145,000	138,000	136,000	133,000	132,000	127,000	125,000	123,000	120,000	127,000	123,000	117,000	111,000	114,000	103,000	104,000	93,000	97,800	87,400	87,700	86,800	82,500	82,800	75,600	60,816	47,649	46,726	44,473	45,989	42,652	41,898	41,662	39,282	39,453	37,433	34,752	34,299	29,905	27,695	27,382	29,614	26,359	23,673	25,806	24,339	22,301	21,579	21,152	21,253	19,474	17,777	16,293	14,735	13,870	13,053	12,260	10,471	8,861	7,801	7,030	5,280	5,581	5,449	5,090	4,671	4,083	3,828	3,865	3,539	3,008	2,767	2,622	2,163	2,005	1,747	1,927	1,801	1,629	1,499	1,438	1,265	1,245	1,026	971	800	900	700	600	600	600	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	768,000	796,000	723,000	702,000	686,000	798,000	760,000	724,000	740,000	737,000	703,000	676,000	519,000	682,000	577,000	673,000	769,000	712,000	666,000	588,000	742,000	790,000	710,000	734,000	692,000	680,000	636,000	603,000	590,000	610,900	619,400	585,100	579,700	563,100	563,300	517,800	494,624	468,735	488,673	461,253	447,841	437,359	426,803	365,907	356,253	358,430	338,808	324,593	304,074	308,010	271,785	259,167	246,837	220,375	210,369	193,336	171,358	164,529	136,796	143,241	155,006	157,408	120,163	107,741	106,001	98,486	90,142	83,619	75,955	69,375	59,163	53,197	51,777	46,891	42,963	37,311	35,154	31,124	27,870	23,386	20,900	19,295	17,030	16,731	15,068	12,084	10,656	9,305	11,153	9,532	9,024	8,634	7,984	7,246	6,207	5,222	4,500	4,100	3,700	3,700	3,700	2,100	1,600	-
Ebitda	895,000	925,000	854,000	867,000	855,000	956,000	912,000	874,000	884,000	881,000	848,000	817,000	664,000	820,000	713,000	806,000	901,000	839,000	791,000	711,000	862,000	917,000	833,000	851,000	803,000	794,000	739,000	707,000	683,000	708,700	706,800	672,800	666,500	645,600	646,100	593,400	555,440	516,384	535,399	505,726	493,830	480,011	468,701	407,569	395,535	397,883	376,241	359,345	338,373	337,915	299,480	286,549	276,451	246,734	234,042	219,142	195,697	186,830	158,375	164,393	176,259	176,882	137,940	124,034	120,736	112,356	103,195	95,879	86,426	78,236	66,964	60,227	57,057	52,472	48,412	42,401	39,825	35,207	31,698	27,251	24,439	22,303	19,797	19,353	17,231	14,089	12,403	11,232	12,954	11,161	10,523	10,072	9,249	8,491	7,233	6,193	5,300	5,000	4,400	4,300	4,300	2,700	2,100	10,200
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Gross Profit	1,554,000	1,688,000	1,655,000	1,669,000	1,687,000	1,777,000	1,787,000	1,729,000	1,747,000	1,797,000	1,722,000	1,637,000	1,522,000	1,596,000	1,385,000	1,478,000	1,535,000	1,567,000	1,512,000	1,535,000	1,589,000	1,598,000	1,589,000	1,511,000	1,468,000	1,429,000	1,409,000	1,352,000	1,384,000	1,375,800	1,332,200	1,286,600	1,298,900	1,252,400	1,240,300	1,184,200	1,102,846	1,011,181	1,017,632	989,904	944,333	923,387	889,227	820,773	797,281	779,790	764,331	726,829	693,018	676,068	624,371	589,077	552,579	517,290	464,135	403,816	381,925	377,889	343,252	326,154	333,297	328,790	304,560	276,841	258,442	241,551	224,188	205,361	191,842	169,095	148,516	126,891	120,924	107,361	93,943	83,687	78,124	70,844	63,161	54,734	49,560	45,143	40,247	33,557	30,817	28,263	25,010	22,295	21,472	22,393	22,030	21,035	20,041	17,997	15,425	13,131	11,600	11,100	10,400	9,700	9,800	7,300	5,400	10,200
Income Before Tax	749,000	713,000	587,000	738,000	714,000	812,000	761,000	729,000	737,000	731,000	694,000	665,000	467,000	624,000	495,000	510,000	626,000	658,000	676,000	583,000	815,000	662,000	623,000	697,000	713,000	658,000	635,000	649,000	560,000	612,900	594,600	589,100	561,200	543,000	548,800	510,600	485,266	463,739	501,838	473,188	451,139	439,198	420,397	377,183	365,844	364,383	335,092	322,277	323,080	287,964	277,605	280,500	248,544	243,276	208,008	178,752	168,597	163,699	169,166	135,489	136,086	133,198	124,057	121,869	114,759	111,691	97,650	90,256	82,287	72,940	66,032	56,552	53,163	49,372	43,834	38,903	36,855	31,887	28,525	24,828	22,077	19,870	17,546	12,738	11,919	12,603	11,153	9,416	7,411	9,757	9,341	8,890	8,656	7,644	6,417	5,529	4,800	4,600	4,100	4,400	4,000	2,700	1,700	-
Income Tax Expense	195,000	191,000	124,000	158,000	193,000	183,000	184,000	170,000	162,000	187,000	184,000	160,000	152,000	276,000	134,000	142,000	174,000	160,000	167,000	142,000	168,000	185,000	168,000	177,000	732,000	164,000	165,000	92,000	144,000	168,900	342,400	147,900	137,800	145,800	128,700	127,700	122,409	108,115	129,930	124,310	126,807	119,571	119,987	92,974	87,065	87,482	83,160	78,626	82,953	60,845	69,560	72,173	42,378	39,577	35,833	27,252	24,593	27,127	27,911	22,357	23,798	20,370	20,201	19,996	18,503	15,537	15,373	14,810	12,754	11,913	10,961	9,388	-4,510	8,789	7,802	6,925	6,253	5,835	4,724	5,040	4,352	3,910	4,044	2,560	2,780	2,936	2,506	2,307	2,771	3,649	3,494	3,325	3,237	2,859	2,400	2,068	1,800	1,700	1,500	1,600	1,500	1,000	600	-700
Interest Expense	11,000	11,000	10,000	9,000	8,000	6,000	3,000	2,000	2,000	3,000	2,000	2,000	3,000	6,000	9,000	6,000	6,000	7,000	6,000	7,000	8,000	6,000	7,000	6,000	5,000	6,000	6,000	6,000	4,000	4,900	4,600	5,100	4,300	4,300	4,100	5,000	2,173	295	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Interest Income	34,000	32,000	30,000	30,000	27,000	17,000	9,000	6,000	7,000	7,000	7,000	9,000	14,000	27,000	37,000	41,000	40,000	43,000	45,000	43,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Income	558,000	525,000	463,000	580,000	521,000	629,000	577,000	563,000	576,000	544,000	512,000	505,000	316,000	348,000	361,000	367,000	395,000	497,000	509,000	441,000	648,000	477,000	456,000	520,000	-18,000	495,000	470,000	557,000	416,000	444,400	252,400	441,200	423,400	397,200	420,100	382,900	362,857	355,624	371,908	348,878	324,332	319,627	300,410	284,209	278,779	276,901	251,932	243,651	240,127	227,119	208,045	208,327	206,166	203,699	172,175	151,500	144,004	136,572	141,255	113,132	112,288	112,828	103,856	101,873	96,256	96,154	82,277	75,446	69,533	61,027	55,071	47,164	57,673	40,583	36,032	31,978	30,602	26,052	23,801	19,788	17,725	15,960	13,502	10,178	9,139	9,667	8,647	7,109	4,640	6,108	5,847	5,565	5,419	4,785	4,017	3,461	3,000	2,900	2,600	2,800	2,500	1,700	1,100	700
Net Income Applicable To Common Shares	0	0	463,000	580,000	521,000	629,000	577,000	563,000	576,000	544,000	512,000	505,000	316,000	348,000	361,000	367,000	395,000	497,000	509,000	441,000	648,000	477,000	456,000	520,000	-18,000	495,000	470,000	557,000	415,000	444,400	252,400	441,200	423,400	397,200	420,100	382,900	362,857	355,624	371,908	348,878	324,332	319,627	300,410	284,209	278,779	276,901	251,932	243,651	240,127	227,119	208,045	208,327	206,166	203,699	172,175	151,500	144,004	136,572	141,255	113,132	112,288	112,828	103,856	101,873	96,256	96,154	82,277	75,446	69,533	61,027	55,071	47,164	57,673	40,583	36,032	31,978	30,602	26,052	23,801	19,788	17,725	15,960	13,502	10,178	9,139	9,667	8,647	7,109	4,640	6,108	5,847	5,565	5,419	4,785	4,018	3,461	0	0	0	0	0	0	-	-
Net Income From Continuing Ops	558,000	525,000	463,000	580,000	521,000	629,000	577,000	559,000	576,000	544,000	512,000	505,000	315,000	348,000	361,000	368,000	452,000	498,000	509,000	441,000	647,000	477,000	455,000	520,000	-19,000	494,000	470,000	557,000	414,600	444,000	252,200	441,200	423,400	397,200	420,100	382,900	362,857	355,624	371,908	348,878	324,332	319,627	300,410	284,209	278,779	276,901	251,932	243,651	240,127	227,119	208,045	208,327	206,166	203,699	172,175	151,500	0	136,572	141,255	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Interest Income	23,000	21,000	20,000	21,000	19,000	11,000	6,000	4,000	5,000	4,000	5,000	7,000	11,000	21,000	28,000	35,000	34,000	36,000	39,000	41,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Non Operating Income Net Other	0	0	20,000	45,000	36,000	20,000	4,000	11,000	8,000	5,000	2,000	-2,000	6,000	27,000	37,000	-64,000	-51,000	-5,000	63,000	51,000	131,000	-77,000	-39,000	10,000	62,000	17,000	35,000	85,000	4,500	34,800	8,500	40,200	12,100	4,500	7,400	15,300	8,326	6,226	13,917	13,152	3,298	1,839	-6,406	11,276	9,591	8,997	3,134	4,378	14,937	-5,038	7,647	15,135	3,923	14,977	2,093	-4,265	0	1,917	17,496	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	117,000	0	0	0	0	0	0	0	0	0	38,000	51,000	71,000	55,000	217,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	768,000	686,000	577,000	702,000	686,000	798,000	760,000	724,000	732,000	729,000	696,000	-669,000	465,000	-603,000	467,000	579,000	626,000	669,000	619,000	539,000	693,000	745,000	670,000	693,000	657,000	648,000	606,000	570,000	561,000	583,400	590,900	554,000	553,400	542,800	545,500	500,300	479,408	457,513	487,921	460,036	-447,841	437,359	426,803	365,907	356,253	355,386	331,958	317,899	308,143	293,002	269,958	265,365	244,621	228,299	205,915	183,017	166,908	161,782	151,670	138,130	142,666	142,631	119,678	111,695	106,119	101,130	90,671	83,602	76,352	68,764	60,671	53,156	51,040	47,021	42,368	37,187	35,271	30,872	27,790	23,687	21,386	19,274	17,128	14,524	13,242	12,108	10,702	9,146	9,034	9,323	8,874	8,389	7,885	7,079	6,041	5,123	4,500	4,200	3,900	4,100	3,900	2,400	1,700	10,200
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Operating Expenses	3,990,000	4,139,000	4,192,000	4,110,000	4,153,000	4,059,000	4,146,000	4,102,000	4,045,000	4,015,000	3,889,000	3,732,000	3,681,000	3,589,000	3,462,000	3,591,000	3,557,000	3,579,000	3,522,000	3,571,000	3,436,000	3,333,000	3,336,000	3,219,000	3,171,000	3,118,000	3,064,000	2,976,000	2,901,000	2,869,800	2,779,000	2,648,000	2,679,100	2,644,200	2,539,600	2,411,100	2,262,822	2,123,496	2,029,173	1,962,312	1,907,647	1,868,364	1,734,437	1,654,831	1,591,962	1,536,302	1,463,262	1,393,450	1,355,564	1,307,952	1,215,284	1,105,888	1,065,981	988,614	899,239	776,703	735,813	691,706	624,922	607,732	610,379	592,095	565,749	531,411	493,837	457,707	425,843	376,668	348,078	308,758	276,165	232,323	205,862	188,515	169,343	144,494	137,510	124,557	110,929	96,057	84,762	78,837	70,318	59,992	53,769	49,125	43,656	37,338	34,427	36,179	36,537	35,015	33,168	30,028	25,760	21,947	19,600	18,700	17,600	16,300	15,600	13,800	11,000	-
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	-	-
Reconciled Depreciation	136,000	129,000	131,000	132,000	141,000	141,000	144,000	143,000	144,000	144,000	145,000	141,000	148,000	138,000	137,000	136,000	133,000	127,000	133,000	133,000	131,000	127,000	123,000	117,000	122,000	114,000	103,000	104,000	100,600	97,800	92,900	87,700	88,000	82,400	84,000	75,600	62,876	49,717	48,794	46,680	47,917	44,578	43,834	43,601	41,164	41,366	37,433	36,625	34,299	31,639	29,273	28,964	29,614	27,929	25,248	27,381	24,339	22,301	21,579	21,152	21,253	19,474	17,777	16,293	14,735	13,870	13,053	12,260	10,471	8,861	7,801	7,030	5,280	5,581	5,449	5,090	4,671	4,083	3,828	3,865	3,539	3,008	2,767	2,622	2,163	2,005	1,747	1,927	1,801	1,629	1,499	1,438	1,265	1,245	1,026	971	800	900	700	600	600	600	-	-
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	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	163,000	0	0	0	116,000	0	0	0	0	0	0	0	0	0	0	0	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	-	-
Selling General Administrative	786,000	801,000	830,000	835,000	860,000	838,000	883,000	862,000	871,000	924,000	881,000	827,000	711,000	804,000	711,000	711,000	560,000	771,000	768,000	873,000	776,000	734,000	805,000	711,000	700,000	674,000	709,000	686,000	730,400	700,500	653,900	646,200	658,700	627,100	612,000	610,800	562,622	506,019	482,985	485,395	450,503	443,376	420,526	413,204	401,746	384,951	396,771	374,178	352,456	353,161	326,718	296,330	279,921	262,632	234,547	194,993	190,678	193,806	170,003	166,872	169,378	166,685	167,105	148,853	137,588	126,551	120,464	109,499	105,019	91,470	80,044	66,705	64,604	54,759	46,126	41,410	38,182	35,889	31,543	27,182	24,635	22,861	20,352	16,411	15,412	14,150	12,561	11,222	10,636	11,441	11,657	11,208	10,891	9,673	8,358	7,037	6,300	6,000	5,800	5,000	5,300	4,300	3,200	-
Tax Provision	195,000	191,000	124,000	158,000	193,000	183,000	184,000	170,000	162,000	187,000	184,000	160,000	152,000	276,000	134,000	142,000	174,000	160,000	167,000	142,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Operating Expenses	786,000	930,000	961,000	967,000	1,001,000	979,000	1,027,000	1,005,000	1,015,000	1,068,000	1,026,000	968,000	1,019,000	942,000	847,000	844,000	808,000	898,000	893,000	996,000	896,000	853,000	919,000	818,000	811,000	781,000	803,000	782,000	823,000	792,400	741,300	732,600	745,500	709,600	694,800	683,900	623,438	553,668	529,711	529,868	496,492	486,028	462,424	454,866	441,028	424,404	432,373	408,930	384,875	383,066	354,413	323,712	307,958	288,991	258,220	220,799	215,017	216,107	191,582	188,024	190,631	186,159	184,882	165,146	152,323	140,421	133,517	121,759	115,490	100,331	87,845	73,735	69,884	60,340	51,575	46,500	42,853	39,972	35,371	31,047	26,164	25,869	23,119	19,033	17,575	16,155	14,308	13,149	12,438	13,070	13,156	12,646	12,156	10,918	9,384	8,008	7,100	6,900	6,500	5,600	5,900	4,900	3,700	-
Total Other Income Expense Net	-19,000	-66,000	-127,000	36,000	28,000	14,000	1,000	5,000	-3,000	-2,000	-7,000	-11,000	-47,000	-51,000	-71,000	-159,000	-135,000	-47,000	18,000	3,000	81,000	-124,000	-80,000	-31,000	25,000	-18,000	4,000	53,000	-26,000	7,200	-19,300	9,600	-15,300	-16,200	-10,200	-2,700	-9,575	-10,975	-215	-353	-8,575	-8,857	-19,486	-1,971	-1,826	-3,044	-6,850	-6,694	4,069	-15,008	-1,827	6,198	-2,216	7,924	-4,454	-10,319	-4,450	-2,747	14,874	-5,111	-12,340	-14,777	-485	3,954	118	2,644	529	-17	397	-611	1,508	-41	-737	130	-595	-124	117	-252	-80	301	2,496	-21	98	-2,207	-1,826	24	46	-159	-2,118	-209	-150	-245	-99	-167	-166	-99	300	100	200	400	200	300	100	-
Total Revenue	4,758,000	4,897,000	4,886,000	4,812,000	4,839,000	4,857,000	4,906,000	4,826,000	4,777,000	4,744,000	4,585,000	4,401,000	4,184,000	4,243,000	4,000,000	4,225,000	4,284,000	4,248,000	4,141,000	4,110,000	4,129,000	4,078,000	4,006,000	3,912,000	3,828,000	3,766,000	3,670,000	3,546,000	3,462,000	3,453,200	3,369,900	3,202,000	3,232,500	3,187,000	3,085,100	2,911,400	2,742,230	2,581,009	2,517,094	2,422,348	2,355,488	2,305,723	2,161,240	2,020,738	1,948,215	1,891,688	1,795,220	1,711,349	1,663,707	1,600,954	1,485,242	1,371,253	1,310,602	1,216,913	1,105,154	959,720	902,721	853,488	776,592	745,862	753,045	734,726	685,427	643,106	599,956	558,837	516,514	460,270	424,430	377,522	336,836	285,479	256,902	235,536	211,711	181,681	172,781	155,429	138,719	119,744	108,158	98,111	87,446	74,516	67,011	61,233	54,358	46,484	43,461	45,502	45,411	43,404	41,053	37,107	31,801	27,070	24,100	22,900	21,500	20,400	19,500	16,200	12,700	10,200

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

Gross Profit (+$)
totalRevenue	19,353,000
Cost of Revenue	-13,160,000
Gross Profit	6,193,000	6,193,000

Operating Income (+$)
Gross Profit	6,193,000
Operating Expense	-3,249,000
Operating Income	2,944,000	2,944,000

Operating Expense (+$)
Research Development	0
Selling General Administrative	3,326,000
Selling And Marketing Expenses	0
Operating Expense	3,249,000	3,326,000

Net Interest Income (+$)
Interest Income	119,000
Interest Expense	-41,000
Other Finance Cost	-3,000
Net Interest Income	81,000

Pretax Income (+$)
Operating Income	2,944,000
Net Interest Income	81,000
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	2,787,000	3,101,000 EBIT - interestExpense = 2,903,000 2,794,000 2,167,000
Interest Expense	41,000
Earnings Before Interest and Taxes (EBIT)	2,944,000	2,828,000
Earnings Before Interest and Taxes (EBITDA)	3,463,000

After tax Income (+$)
Income Before Tax	2,787,000
Tax Provision	-666,000
Net Income From Continuing Ops	2,089,000	2,121,000
Net Income	2,126,000
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	16,409,000
Total Other Income/Expenses Net	-157,000	-81,000

Technical Analysis of Cognizant
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 Cognizant. The general trend of Cognizant is BEARISH with 57.1% 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 Cognizant'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 (-57.1%)		Bearish trend (57.1%)
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 Cognizant Technology Solutions Corp Class A.

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: 70.11 < 75.21 < 76.38.

The bearish price targets are: 65.74 > 63.14 > 60.49.

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Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

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

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. The current macd is -1.95071393.

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

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. The current adx is 43.48.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-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 Cognizant shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. The current sar is 68.58.

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

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. The current rsi is 32.23. 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.

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. 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 Cognizant price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. The current cci is -98.35353125.

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. The current cmo is -33.11302929.

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

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. The current willr is -74.17538214.

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

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A.

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. The current atr is 1.1807268.

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. The current obv is -15,972,752.

Cognizant Technology Solutions Corp Class A 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 Cognizant Technology Solutions Corp Class A. The current mfi is 44.37.

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

Cognizant Technology Solutions Corp Class A Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Cognizant Technology Solutions Corp Class A.

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
2023-11-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-05	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-07	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2023-12-11	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-12	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-13	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-26	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-03	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-05	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-08	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-11	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-12	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
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-16	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-18	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-19	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-29	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-31	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-07	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-08	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-09	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-12	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-13	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-15	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-16	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-22	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.
	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).
2024-02-23	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-06	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-11	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-03-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-14	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-15	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-03-21	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-26	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-03-27	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-03-28	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-08	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
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-11	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-15	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-22	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside

6.3. Candlestick Patterns

Cognizant Technology Solutions Corp Class A Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Cognizant Technology Solutions Corp Class A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	32.232
Ma 20	Greater than	Ma 50	70.421
Ma 50	Greater than	Ma 100	74.349
Ma 100	Greater than	Ma 200	74.570
Open	Greater than	Close	67.820
Total			1/5 (20.0%)

Create your own Symbol Scanner

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Quick analysis of Cognizant (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Cognizant (5 min.)

$68.20

$26.40

$18.07 - $47.15

$44.47 - $73.55

2. Growth of Cognizant (5 min.)

Is Cognizant growing?

How much money is Cognizant making?

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

3. Financial Health of Cognizant (5 min.)

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

Industry Rankings (Information Technology Services)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Cognizant

About Cognizant Technology Solutions Corp Class A

Financial Health

Valuation

1.1. Profitability of Cognizant Technology Solutions Corp Class A.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Information Technology Services)

1.1.2. Return on Assets

Trends

Compared to industry (Information Technology Services)

1.1.3. Return on Equity

Trends

Compared to industry (Information Technology Services)

1.2. Operating Efficiency of Cognizant Technology Solutions Corp Class A.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Information Technology Services)

1.2.2. Operating Ratio

Trends

Compared to industry (Information Technology Services)

1.3. Liquidity of Cognizant Technology Solutions Corp Class A.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Information Technology Services)

1.3.2. Quick Ratio

Trends

Compared to industry (Information Technology Services)

1.4. Solvency of Cognizant Technology Solutions Corp Class A.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Information Technology Services)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Information Technology Services)

2. Market Valuation of Cognizant Technology Solutions Corp Class A

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Information Technology Services)

Cognizant Technology Solutions Corp Class A
Buy, Hold or Sell?