Citizens & Northern Corp
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Let's analyse Citizens & Northern Corp together

Penke I guess you are interested in Citizens & Northern Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Citizens & Northern Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Citizens & Northern Corp (30 sec.)

What can you expect buying and holding a share of Citizens & Northern Corp? (30 sec.)

How much money do you get?

$1.01

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$17.06

Expected worth in 1 year

$17.91

How sure are you?

87.5%

+ What do you gain per year?

Total Gains per Share

$1.86

Return On Investment

10.8%

For what price can you sell your share?

Current Price per Share

$17.29

Expected price per share

$16.03 - $17.25

How sure are you?

50%

1. Valuation of Citizens & Northern Corp (5 min.)

Live pricePrice per Share (EOD)

$17.29

Book Value per Share

$17.06

Intrinsic Value Per Share

$-90.49 - $-18.33

Total Value Per Share

$-73.43 - $-1.26

My calculation of the intrinsic value of Citizens & Northern Corp 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: ($0.33) 3Y: ($0.35) TTM: ($0.01)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.04) 3Y: ($-0.18) TTM: ($-0.51)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.44	$0.92	$-1.55 - $0.67
2	$-3.47	$1.13	$-4.43 - $-0.05
3	$-8.80	$0.67	$-7.30 - $-0.77
4	$-16.16	$-0.43	$-10.18 - $-1.49
5	$-25.30	$-2.12	$-13.06 - $-2.21
6	$-36.00	$-4.38	$-15.93 - $-2.93
7	$-48.04	$-7.15	$-18.81 - $-3.65
8	$-61.25	$-10.42	$-21.69 - $-4.37
9	$-75.45	$-14.16	$-24.56 - $-5.09
10	$-90.49	$-18.33	$-27.44 - $-5.81

2. Growth of Citizens & Northern Corp (5 min.)

Is Citizens & Northern Corp growing?

	Current year	Previous year	Grow	Grow %
How rich?	$262.3m	$255.7m	$1b	79.9%

How much money is Citizens & Northern Corp making?

	Current year	Previous year	Grow	Grow %
Making money	$6m	$6.6m	-$617.5k	-10.2%
Net Profit Margin	22.0%	467.3%	-	-

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

Quarterly Yearly

3. Financial Health of Citizens & Northern Corp (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Citizens & Northern Corp? (5 min.)

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

What can you expect buying and holding a share of Citizens & Northern Corp?

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

Speculation

The Price per Share of Citizens & Northern Corp is $17.29. 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 Citizens & Northern Corp.
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 Citizens & Northern Corp, 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 $17.06. Based on the TTM, the Book Value Change Per Share is $0.21 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.77 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 $0.25 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Citizens & Northern Corp.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.28	1.6%	0.39	2.3%	0.43	2.5%	0.39	2.2%	0.33	1.9%
Usd Book Value Change Per Share	-132.24	-764.8%	0.21	1.2%	-0.77	-4.4%	0.21	1.2%	0.13	0.8%
Usd Dividend Per Share	0.25	1.5%	0.25	1.5%	0.26	1.5%	0.24	1.4%	0.21	1.2%
Usd Total Gains Per Share	-131.98	-763.4%	0.47	2.7%	-0.51	-2.9%	0.46	2.6%	0.35	2.0%
Usd Price Per Share	22.43	-	20.17	-	23.90	-	22.93	-	22.59	-
Price to Earnings Ratio	20.24	-	13.66	-	14.72	-	15.92	-	18.56	-
Price-to-Total Gains Ratio	-0.17	-	12.97	-	-13.99	-	35.47	-	152.75	-
Price to Book Ratio	1.31	-	0.71	-	1.45	-	1.26	-	1.54	-
Price-to-Total Gains Ratio	-0.17	-	12.97	-	-13.99	-	35.47	-	152.75	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	17.29
Number of shares	57

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.25	0.24
Usd Book Value Change Per Share	0.21	0.21
Usd Total Gains Per Share	0.47	0.46
Gains per Quarter (57 shares)	26.52	25.99
Gains per Year (57 shares)	106.07	103.96

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	58	48	96	56	48	94
2	115	97	202	112	96	198
3	173	145	308	167	145	302
4	231	194	414	223	193	406
5	288	242	520	279	241	510
6	346	290	626	335	289	614
7	404	339	732	390	337	718
8	461	387	838	446	386	822
9	519	436	944	502	434	926
10	577	484	1050	558	482	1030

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%	40.0	0.0	0.0	100.0%	113.0	3.0	0.0	97.4%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	6.0	6.0	0.0	50.0%	14.0	6.0	0.0	70.0%	28.0	12.0	0.0	70.0%	76.0	40.0	0.0	65.5%
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%	40.0	0.0	0.0	100.0%	116.0	0.0	0.0	100.0%
Total Gains per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	16.0	4.0	0.0	80.0%	35.0	5.0	0.0	87.5%	96.0	20.0	0.0	82.8%

Fundamentals of Citizens & Northern Corp

About Citizens & Northern Corp

https://www.cnbankpa.com
Banks - Regional
404
90-92 Main Street, Wellsboro, PA, United States, 16901
Google Maps Bing Maps

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit. The company also offers wealth management services comprising 401(k) plans, retirement planning, estate planning, estate settlements, and asset management; personal and commercial insurance products; and mutual funds, annuities, educational savings accounts, and other investment products through registered agents; and reinsures credit and mortgage, life and accident, and health insurance products. Citizens & Northern Corporation was founded in 1864 and is headquartered in Wellsboro, Pennsylvania.

Fundamental data was last updated by Penke on 2024-04-11 05:44:05.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is inefficient 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 very efficient.

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Citizens & Northern Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Citizens & Northern Corp earns for each $1 of revenue.

Above 10% is considered healthy but always compare Citizens & Northern Corp to the Banks - Regional industry mean.
A Net Profit Margin of 11.9% 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 Citizens & Northern Corp:

The MRQ is 11.9%. The company is making a huge profit. +2
The TTM is 22.0%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	11.9%	TTM	22.0%	-10.1%
TTM	22.0%	YOY	467.3%	-445.3%
TTM	22.0%	5Y	113.5%	-91.5%
5Y	113.5%	10Y	71.1%	+42.4%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	11.9%	18.4%	-6.5%
TTM	22.0%	28.0%	-6.0%
YOY	467.3%	25.2%	+442.1%
5Y	113.5%	22.8%	+90.7%
10Y	71.1%	19.8%	+51.3%

Measures how much net profit Citizens & Northern Corp earns for each $1 of revenue.

Revenue is the amount of profit Citizens & Northern Corp 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 Citizens & Northern Corp 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 Citizens & Northern Corp to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

You typically want a high profit margin. This means that for each $1 in sales, Citizens & Northern Corp makes more profit. This shows the investor how efficiently Citizens & Northern Corp is operating in general and compared to other companies in the same industry. Citizens & Northern Corp operates in the Banks - Regional industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Citizens & Northern Corp. If profit margins remain low (compared to the Banks - Regional 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 Citizens & Northern Corp is 0.12. This means that Citizens & Northern Corp 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 Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Citizens & Northern Corp is performing over time. The most recent quarter might be important if Citizens & Northern Corp 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 Citizens & Northern Corp 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 Citizens & Northern Corp with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Citizens & Northern Corp sells assets (profit will increase while costs remain the same).
It won’t show what part of Citizens & Northern Corp 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 Citizens & Northern Corp

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 Citizens & Northern Corp = 4,261
Total revenue MRQ Citizens & Northern Corp = 35,914
$4,261 / $35,914 = 0.12 or 11.9%

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 Citizens & Northern Corp is using its assets to generate profit.

Above 5% is considered healthy but always compare Citizens & Northern Corp to the Banks - Regional industry mean.
0.2% Return on Assets means that Citizens & Northern Corp generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Citizens & Northern Corp:

The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.2%	TTM	0.2%	-0.1%
TTM	0.2%	YOY	0.3%	0.0%
TTM	0.2%	5Y	0.3%	0.0%
5Y	0.3%	10Y	0.3%	0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.2%	0.1%	+0.1%
TTM	0.2%	0.2%	+0.0%
YOY	0.3%	0.2%	+0.1%
5Y	0.3%	0.2%	+0.1%
10Y	0.3%	0.2%	+0.1%

Shows how efficient Citizens & Northern Corp 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 Citizens & Northern Corp to the Banks - Regional 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 Citizens & Northern Corp is using its resources to generate profit. If the return on assets (0.2%) from Citizens & Northern Corp are higher than the Banks - Regional mean (0.1%) that means Citizens & Northern Corp 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 Citizens & Northern Corp is 0.2%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Citizens & Northern Corp is performing over time. The most recent quarter might be important if Citizens & Northern Corp 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 Citizens & Northern Corp 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 Citizens & Northern Corp

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

Income statement
Balance sheet

Net income MRQ (income statement) from Citizens & Northern Corp = 4,261
Total assets MRQ (balance sheet) from Citizens & Northern Corp = 2,518,368
4,261 / 2,518,368 = 0.00 or 0.2%

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

Above 15%-20% is considered healthy but always compare Citizens & Northern Corp to the Banks - Regional industry mean.
1.6% Return on Equity means Citizens & Northern Corp generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Citizens & Northern Corp:

The MRQ is 1.6%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.4%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.6%	TTM	2.4%	-0.8%
TTM	2.4%	YOY	2.6%	-0.2%
TTM	2.4%	5Y	2.3%	+0.1%
5Y	2.3%	10Y	2.3%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	1.6%	1.4%	+0.2%
TTM	2.4%	2.5%	-0.1%
YOY	2.6%	2.7%	-0.1%
5Y	2.3%	2.5%	-0.2%
10Y	2.3%	2.8%	-0.5%

Shows how efficient Citizens & Northern Corp 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 Citizens & Northern Corp to the Banks - Regional 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 Banks - Regional 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 Citizens & Northern Corp is 1.6%. This means Citizens & Northern Corp generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Citizens & Northern Corp is performing over time. The most recent quarter might be important if Citizens & Northern Corp 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 Citizens & Northern Corp up to 10 years back (depending if Citizens & Northern Corp 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 Citizens & Northern Corp

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Citizens & Northern Corp = 4,261
Shareholders equity (balance sheet) MRQ Citizens & Northern Corp = 262,381
4,261 / 262,381 = 0.02 or 1.6%

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 Citizens & Northern Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Citizens & Northern Corp is operating .

Measures how much profit Citizens & Northern Corp 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 Citizens & Northern Corp to the Banks - Regional industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Citizens & Northern Corp:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	27.0%	-27.0%
TTM	27.0%	YOY	669.1%	-642.1%
TTM	27.0%	5Y	164.4%	-137.4%
5Y	164.4%	10Y	105.0%	+59.4%

Measures how efficient Citizens & Northern Corp 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 Citizens & Northern Corp to the Banks - Regional 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 Citizens & Northern Corp 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 Citizens & Northern Corp is 0.0%. This means that Citizens & Northern Corp earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Citizens & Northern Corp is performing over time. The most recent quarter might be important if Citizens & Northern Corp 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 Citizens & Northern Corp 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 Citizens & Northern Corp

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Citizens & Northern Corp = 30,384
Total revenue MRQ Citizens & Northern Corp = 35,914
$30,384 / $35,914 = 0.00 or 0.0%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Citizens & Northern Corp is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.15 means that the operating costs are $0.15 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Citizens & Northern Corp:

The MRQ is 0.154. The company is very efficient in keeping operating costs low. +2
The TTM is -0.291.

Trends

Current period		Compared to		+/-
MRQ	0.154	TTM	-0.291	+0.444
TTM	-0.291	YOY	0.342	-0.632
TTM	-0.291	5Y	-0.114	-0.176
5Y	-0.114	10Y	-0.210	+0.096

Measures how efficient Citizens & Northern Corp 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 Citizens & Northern Corp to the Banks - Regional 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 Citizens & Northern Corp is 15.4%. This means that Citizens & Northern Corp earned $0.15 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Citizens & Northern Corp is performing over time. The most recent quarter might be important if Citizens & Northern Corp 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 Citizens & Northern Corp 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 Citizens & Northern Corp

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
(0 +5,530) \ 35,914 = 0.15

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 Citizens & Northern Corp.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Citizens & Northern Corp is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.08 means the company has $0.08 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Citizens & Northern Corp:

The MRQ is 0.078. The company is unable to pay all its short-term debts. -2
The TTM is 5.821. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	0.078	TTM	5.821	-5.742
TTM	5.821	YOY	15.713	-9.892
TTM	5.821	5Y	123.424	-117.603
5Y	123.424	10Y	93.628	+29.796

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	5.821	0.124	+5.697
YOY	15.713	0.225	+15.488
5Y	123.424	0.219	+123.205
10Y	93.628	0.131	+93.497

Measures if Citizens & Northern Corp 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 Banks - Regional 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 Citizens & Northern Corp 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 Citizens & Northern Corp is 0.08. This means Citizens & Northern Corp has $0.08 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Citizens & Northern Corp is performing over time. The most recent quarter might be important if Citizens & Northern Corp 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 Citizens & Northern Corp 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 Citizens & Northern Corp

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
66,496 \ 848,805) = 0.08

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

Above 1 is considered healthy but always compare Citizens & Northern Corp to the Banks - Regional industry mean.
A Quick Ratio of 0.43 means the company can pay off $0.43 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Citizens & Northern Corp:

The MRQ is 0.434. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 11.205. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.434	TTM	11.205	-10.772
TTM	11.205	YOY	29.006	-17.801
TTM	11.205	5Y	77.612	-66.407
5Y	77.612	10Y	78.912	-1.299

Measures if Citizens & Northern Corp 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 Citizens & Northern Corp to the Banks - Regional 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 Citizens & Northern Corp can pay off its short term debts. This shows if Citizens & Northern Corp 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 Citizens & Northern Corp is 0.43. This means that Citizens & Northern Corp can pay off $0.43 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Citizens & Northern Corp is performing over time. The most recent quarter might be important if Citizens & Northern Corp 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 Citizens & Northern Corp 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 Citizens & Northern Corp

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 Citizens & Northern Corp: (-56,878 + 415,755 +9,140) / 848,805 = 0.43

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 Citizens & Northern Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Citizens & Northern Corp assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Citizens & Northern Corp to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.90 means that Citizens & Northern Corp assets are financed with 89.6% credit (debt) and the remaining percentage (100% - 89.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Citizens & Northern Corp:

The MRQ is 0.896. The company is just able to pay all its debts by selling its assets.
The TTM is 0.485. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.896	TTM	0.485	+0.410
TTM	0.485	YOY	0.893	-0.408
TTM	0.485	5Y	0.792	-0.306
5Y	0.792	10Y	0.820	-0.029

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.896	0.915	-0.019
TTM	0.485	0.917	-0.432
YOY	0.893	0.919	-0.026
5Y	0.792	0.919	-0.127
10Y	0.820	0.927	-0.107

Measures how much % of Citizens & Northern Corp assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Citizens & Northern Corp than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Citizens & Northern Corp to Banks - Regional 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 Citizens & Northern Corp is 0.90. This means means that Citizens & Northern Corp is financed with 89.6% 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Citizens & Northern Corp is performing over time. The most recent quarter might be important if Citizens & Northern Corp 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 Citizens & Northern Corp 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 Citizens & Northern Corp has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Citizens & Northern Corp

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,255,987 \ 2,518,368 = 89.6% or 0.90.

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 Citizens & Northern Corp is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Citizens & Northern Corp to the Banks - Regional industry mean.
A Debt to Equity ratio of 859.8% means that company has $8.60 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Citizens & Northern Corp:

The MRQ is 8.598. The company is unable to pay all its debts with equity. -1
The TTM is 4.660. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	8.598	TTM	4.660	+3.938
TTM	4.660	YOY	8.413	-3.754
TTM	4.660	5Y	6.335	-1.675
5Y	6.335	10Y	5.979	+0.355

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	8.598	10.829	-2.231
TTM	4.660	11.013	-6.353
YOY	8.413	11.363	-2.950
5Y	6.335	11.437	-5.102
10Y	5.979	13.038	-7.059

Measures if Citizens & Northern Corp 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 Citizens & Northern Corp 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 Citizens & Northern Corp is 8.60. This means that Citizens & Northern Corp can pay off $8.60 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Citizens & Northern Corp is performing over time. The most recent quarter might be important if Citizens & Northern Corp 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 Citizens & Northern Corp 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 Citizens & Northern Corp

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,255,987 \ 262,381 = 8.60 or 859.8%

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 Citizens & Northern Corp

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 Citizens & Northern Corp generates.

Above 15 is considered overpriced but always compare Citizens & Northern Corp to the Banks - Regional industry mean.
A PE ratio of 20.24 means the investor is paying $20.24 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Citizens & Northern Corp:

The EOD is 15.600. Based on the earnings, the company is fair priced.
The MRQ is 20.238. Based on the earnings, the company is fair priced.
The TTM is 13.661. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	15.600	MRQ	20.238	-4.638
MRQ	20.238	TTM	13.661	+6.577
TTM	13.661	YOY	14.721	-1.059
TTM	13.661	5Y	15.923	-2.262
5Y	15.923	10Y	18.562	-2.639

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	15.600	7.555	+8.045
MRQ	20.238	6.680	+13.558
TTM	13.661	5.295	+8.366
YOY	14.721	6.943	+7.778
5Y	15.923	9.770	+6.153
10Y	18.562	9.943	+8.619

Measures how much money you pay for each share for every $1 in earnings Citizens & Northern Corp 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 Citizens & Northern Corp to the Banks - Regional 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 Citizens & Northern Corp is 20.24. This means the investor is paying $20.24 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Citizens & Northern Corp is performing over time. The most recent quarter might be important if Citizens & Northern Corp 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 Citizens & Northern Corp 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 Citizens & Northern Corp

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 \ 15,175 = EPS
PE ratio MRQ = 20.24

* 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 Citizens & Northern Corp:

The EOD is -2.788. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -3.617. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 5.995. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	-2.788	MRQ	-3.617	+0.829
MRQ	-3.617	TTM	5.995	-9.612
TTM	5.995	YOY	13.182	-7.187
TTM	5.995	5Y	18.196	-12.201
5Y	18.196	10Y	18.315	-0.119

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	-2.788	-2.112	-0.676
MRQ	-3.617	-1.868	-1.749
TTM	5.995	-0.342	+6.337
YOY	13.182	6.448	+6.734
5Y	18.196	0.429	+17.767
10Y	18.315	0.091	+18.224

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Citizens & Northern Corp is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 1.31 means the investor is paying $1.31 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Citizens & Northern Corp:

The EOD is 1.013. Based on the equity, the company is underpriced. +1
The MRQ is 1.315. Based on the equity, the company is underpriced. +1
The TTM is 0.713. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	1.013	MRQ	1.315	-0.301
MRQ	1.315	TTM	0.713	+0.602
TTM	0.713	YOY	1.448	-0.735
TTM	0.713	5Y	1.264	-0.551
5Y	1.264	10Y	1.537	-0.274

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	1.013	0.436	+0.577
MRQ	1.315	0.386	+0.929
TTM	0.713	0.470	+0.243
YOY	1.448	0.642	+0.806
5Y	1.264	0.795	+0.469
10Y	1.537	1.025	+0.512

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Citizens & Northern Corp.

3.1. Institutions holding Citizens & Northern Corp

Institutions are holding 31.236% of the shares of Citizens & Northern Corp.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	7.4579	0.0007	1146881	83922	7.8951
2023-12-31	Vanguard Group Inc	4.7395	0.0004	728844	23954	3.3983
2023-12-31	Dimensional Fund Advisors, Inc.	3.4121	0.0034	524709	11484	2.2376
2023-12-31	Geode Capital Management, LLC	2.0557	0.0007	316133	8977	2.9226
2023-12-31	Citizens & Northern Corp	2.0047	2.4685	308283	-10454	-3.2798
2023-12-31	State Street Corporation	1.9804	0.0003	304549	3163	1.0495
2023-12-31	Northern Trust Corp	0.8897	0.0006	136817	10875	8.6349
2023-12-31	IVC Wealth Advisors LLC	0.8587	1.8415	132047	-5143	-3.7488
2023-12-31	Pennsylvania Capital Management Inc	0.8123	1.1109	124918	-490	-0.3907
2023-12-31	Bank of New York Mellon Corp	0.654	0.0005	100568	-20374	-16.8461
2023-12-31	PNC Financial Services Group Inc	0.5745	0.0016	88352	-38	-0.043
2023-12-31	Renaissance Technologies Corp	0.4307	0.0023	66241	-2300	-3.3557
2023-12-31	Logan Capital Management Inc	0.3919	0.063	60260	0	0
2023-12-31	QSV Equity Investors LLC	0.3361	1.1277	51683	51683	0
2023-12-31	Stifel Financial Corp	0.319	0.0014	49050	-289	-0.5857
2023-12-31	Cetera Advisor Networks LLC	0.2855	0.0055	43903	0	0
2023-12-31	Minerva Advisors LLC	0.279	0.6014	42900	0	0
2023-12-31	Charles Schwab Investment Management Inc	0.2639	0.0002	40586	0	0
2023-12-31	Hudock Moyer Wealth Resources, LLC	0.2408	0.1781	37038	-170	-0.4569
2023-12-31	Morgan Stanley - Brokerage Accounts	0.234	0.0001	35990	20727	135.799
Total		28.2204	7.4088	4339752	+175527	+4.0%

3.2. Funds holding Citizens & Northern Corp

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.6696	0.0005	410526	0	0
2024-03-28	iShares Russell 2000 ETF	2.589	0.0114	398138	192	0.0482
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4611	0.004	224687	-578	-0.2566
2024-01-31	Fidelity Small Cap Index	0.9574	0.012	147233	1743	1.198
2024-02-29	DFA US Targeted Value I	0.9217	0.0202	141737	0	0
2024-03-28	iShares Russell 2000 Value ETF	0.9055	0.0209	139243	-88	-0.0632
2024-02-29	Fidelity Extended Market Index	0.5564	0.0041	85571	-415	-0.4826
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.4859	0.0033	74724	0	0
2024-03-29	Dimensional US Targeted Value ETF	0.408	0.0117	62750	0	0
2024-02-29	DFA US Micro Cap I	0.4017	0.0158	61766	7400	13.6114
2024-03-31	State St Russell Sm Cap® Indx SL Cl I	0.372	0.011	57200	0	0
2024-02-29	Vanguard Russell 2000 ETF	0.353	0.0105	54292	4272	8.5406
2023-09-30	BlackRock Extended Mkt Composite	0.2933	0.0056	45111	8427	22.9719
2023-12-31	NT R2000 Value Index Fund - NL	0.2764	0.0252	42512	-432	-1.006
2023-12-31	NT R2000 Index Fund - NL	0.2745	0.0131	42211	-373	-0.8759
2024-03-29	Dimensional US Core Equity 2 ETF	0.2737	0.0029	42086	0	0
2024-03-31	BlackRock Extended Equity Market K	0.2535	0.005	38984	14	0.0359
2024-02-29	DFA US Small Cap I	0.2421	0.0044	37234	1584	4.4432
2024-02-29	Schwab Small Cap Index	0.2252	0.0108	34639	0	0
2023-12-31	NT R2000 Index Fund - DC - NL - 2	0.2162	0.0131	33241	-423	-1.2565
Total		14.1362	0.2055	2173885	+21323	+1.0%

3.3. Insider Transactions

Insiders are holding 3.404% of the shares of Citizens & Northern Corp.

Date	Owner	Type	Amount	Price
2024-04-08	Katherine W Shattuck	BUY	467	18.11
2024-03-08	Frank G Pellegrino	BUY	94	17.97
2024-02-02	Katherine W Shattuck	BUY	107	21.19
2024-01-05	Robert G Loughery	BUY	224	22.25
2023-12-08	Frank G Pellegrino	BUY	82	20.79
2023-11-03	Frank G Pellegrino	BUY	83	19.09
2023-10-06	Frank G Pellegrino	BUY	475	18.23
2023-09-01	Katherine W Shattuck	BUY	179	18.33
2023-08-28	Tracy Ellen Watkins	SELL	356	19.27
2023-08-21	Tracy Ellen Watkins	SELL	496	19.45
2023-08-04	Frank G Pellegrino	BUY	104	21.05
2023-07-07	Frank G Pellegrino	BUY	461	19.2
2023-06-02	Katherine W Shattuck	BUY	143	19.55
2023-05-05	Frank G Pellegrino	BUY	87	18.36
2023-04-10	Bobbi J Kilmer	BUY	302	20.56

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Citizens & Northern Corp 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	-	-	-132.236	0.212	-62402%	-0.766	-99%	0.211	-62658%	0.135	-98209%
Book Value Per Share	-	-	17.062	82.877	-79%	16.534	+3%	30.260	-44%	21.272	-20%
Current Ratio	-	-	0.078	5.821	-99%	15.713	-100%	123.424	-100%	93.628	-100%
Debt To Asset Ratio	-	-	0.896	0.485	+85%	0.893	+0%	0.792	+13%	0.820	+9%
Debt To Equity Ratio	-	-	8.598	4.660	+85%	8.413	+2%	6.335	+36%	5.979	+44%
Dividend Per Share	-	-	0.251	0.253	-1%	0.257	-2%	0.245	+3%	0.214	+17%
Eps	-	-	0.277	0.391	-29%	0.428	-35%	0.385	-28%	0.330	-16%
Free Cash Flow Per Share	-	-	-1.550	0.009	-17115%	0.507	-406%	0.340	-555%	0.332	-567%
Free Cash Flow To Equity Per Share	-	-	-0.928	0.412	-325%	2.965	-131%	0.804	-215%	0.501	-285%
Gross Profit Margin	-	-	1.000	0.991	+1%	1.000	0%	0.998	+0%	0.999	+0%
Intrinsic Value_10Y_max	-	-	-18.325	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-90.494	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	0.921	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.441	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	0.665	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-8.805	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-2.123	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-25.303	-	-	-	-	-	-	-	-
Market Cap	265887349.000	-30%	344930783.000	310273189.865	+11%	369552009.978	-7%	355696297.728	-3%	348937200.414	-1%
Net Profit Margin	-	-	0.119	0.220	-46%	4.673	-97%	1.135	-90%	0.711	-83%
Operating Margin	-	-	-	0.270	-100%	6.691	-100%	1.644	-100%	1.050	-100%
Operating Ratio	-	-	0.154	-0.291	+289%	0.342	-55%	-0.114	+174%	-0.210	+236%
Pb Ratio	1.013	-30%	1.315	0.713	+84%	1.448	-9%	1.264	+4%	1.537	-14%
Pe Ratio	15.600	-30%	20.238	13.661	+48%	14.721	+37%	15.923	+27%	18.562	+9%
Price Per Share	17.290	-30%	22.430	20.165	+11%	23.898	-6%	22.927	-2%	22.589	-1%
Price To Free Cash Flow Ratio	-2.788	+23%	-3.617	5.995	-160%	13.182	-127%	18.196	-120%	18.315	-120%
Price To Total Gains Ratio	-0.131	+23%	-0.170	12.971	-101%	-13.992	+8133%	35.469	-100%	152.747	-100%
Quick Ratio	-	-	0.434	11.205	-96%	29.006	-99%	77.612	-99%	78.912	-99%
Return On Assets	-	-	0.002	0.002	-31%	0.003	-39%	0.003	-40%	0.003	-46%
Return On Equity	-	-	0.016	0.024	-33%	0.026	-37%	0.023	-29%	0.023	-28%
Total Gains Per Share	-	-	-131.984	0.465	-28470%	-0.509	-100%	0.456	-29046%	0.349	-37901%
Usd Book Value	-	-	262381000.000	1274623250.000	-79%	255735250.000	+3%	467937750.000	-44%	328415525.000	-20%
Usd Book Value Change Per Share	-	-	-132.236	0.212	-62402%	-0.766	-99%	0.211	-62658%	0.135	-98209%
Usd Book Value Per Share	-	-	17.062	82.877	-79%	16.534	+3%	30.260	-44%	21.272	-20%
Usd Dividend Per Share	-	-	0.251	0.253	-1%	0.257	-2%	0.245	+3%	0.214	+17%
Usd Eps	-	-	0.277	0.391	-29%	0.428	-35%	0.385	-28%	0.330	-16%
Usd Free Cash Flow	-	-	-23840000.000	145000.000	-16541%	7827750.000	-405%	5305450.000	-549%	5139200.000	-564%
Usd Free Cash Flow Per Share	-	-	-1.550	0.009	-17115%	0.507	-406%	0.340	-555%	0.332	-567%
Usd Free Cash Flow To Equity Per Share	-	-	-0.928	0.412	-325%	2.965	-131%	0.804	-215%	0.501	-285%
Usd Market Cap	265887349.000	-30%	344930783.000	310273189.865	+11%	369552009.978	-7%	355696297.728	-3%	348937200.414	-1%
Usd Price Per Share	17.290	-30%	22.430	20.165	+11%	23.898	-6%	22.927	-2%	22.589	-1%
Usd Profit	-	-	4261000.000	6037000.000	-29%	6654500.000	-36%	6002300.000	-29%	5120300.000	-17%
Usd Revenue	-	-	35914000.000	28640000.000	+25%	20143000.000	+78%	23107700.000	+55%	18917300.000	+90%
Usd Total Gains Per Share	-	-	-131.984	0.465	-28470%	-0.509	-100%	0.456	-29046%	0.349	-37901%
	EOD	+4 -4	MRQ	TTM	+6 -30	YOY	+9 -26	5Y	+6 -30	10Y	+7 -29

4.2. Fundamental Score

Let's check the fundamental score of Citizens & Northern Corp based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	15.600
Price to Book Ratio (EOD)	Between	0-1	1.013
Net Profit Margin (MRQ)	Greater than	0	0.119
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.434
Current Ratio (MRQ)	Greater than	1	0.078
Debt to Asset Ratio (MRQ)	Less than	1	0.896
Debt to Equity Ratio (MRQ)	Less than	1	8.598
Return on Equity (MRQ)	Greater than	0.15	0.016
Return on Assets (MRQ)	Greater than	0.05	0.002
Total			2/10 (20.0%)

Create your own Stock Scanner

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

4.3. Technical Score

Let's check the technical score of Citizens & Northern Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	43.574
Ma 20	Greater than	Ma 50	17.795
Ma 50	Greater than	Ma 100	18.174
Ma 100	Greater than	Ma 200	19.504
Open	Greater than	Close	17.000
Total			1/5 (20.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Liabilities	-102,608	75,856	-26,752	-30,140	-56,892	2,387	-54,505	836,652	782,147
Other Stockholders Equity	-151,743	-247	-151,990	-1,735	-153,725	-3,319	-157,044	284,804	127,760
Inventory	-63,976	-6,305	-70,281	1,182	-69,099	-2,814	-71,913	119,651	47,738
Long-term Assets Other	-22,940	4,026	-18,914	-3,678	-22,592	-3,026	-25,618	2,348,490	2,322,872
Cash and Short Term Investments	553,081	-28,055	525,026	-27,569	497,457	-15,661	481,796	-538,674	-56,878
Net Working Capital	459,126	-27,496	431,630	8,935	440,565	-13,274	427,291	-1,209,600	-782,309

Latest Balance Sheet

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

Summary

Total Assets	2,518,368
Total Liabilities	2,255,987
Total Stockholder Equity	262,381

	As reported
Total Liabilities	2,255,987
Total Stockholder Equity	+ 262,381
Total Assets	= 2,518,368

Assets

Total Assets	2,518,368
Total Current Assets	66,496
Long-term Assets	2,451,872

Total Current Assets

Total Current Assets (as reported)	66,496
Cash And Cash Equivalents	56,878
Short-term Investments	415,755
Net Receivables	9,140
Inventory	47,738
Total Current Assets (calculated)	529,511
+/-	463,015

Long-term Assets

Long-term Assets (as reported)	2,451,872
Property Plant Equipment	25,202
Goodwill	52,505
Long Term Investments	415,755
Intangible Assets	2,469
Long-term Assets Other	2,322,872
Long-term Assets (calculated)	2,818,803
+/-	366,931

Liabilities & Shareholders' Equity

Total Current Liabilities	848,805
Long-term Liabilities	1,407,182
Total Stockholder Equity	262,381

Total Current Liabilities

Total Current Liabilities (as reported)	848,805
Short-term Debt	66,658
Short Long Term Debt	63,661
Other Current Liabilities	782,147
Total Current Liabilities (calculated)	912,466
+/-	63,661

Long-term Liabilities

Long-term Liabilities (as reported)	1,407,182
Long term Debt	145,724
Long-term Liabilities (calculated)	145,724
+/-	1,261,458

Total Stockholder Equity

Total Stockholder Equity (as reported)	262,381
Common Stock	16,030
Retained Earnings	157,028
Accumulated Other Comprehensive Income	-38,437
Other Stockholders Equity	127,760
Total Stockholder Equity (calculated)	262,381
+/-	0

Other

Capital Stock	16,030
Cash and Short Term Investments	-56,878
Common Stock Shares Outstanding	15,175
Liabilities and Stockholders Equity	2,518,368
Net Debt	158,451
Net Invested Capital	471,766
Net Working Capital	-782,309
Property Plant and Equipment Gross	51,387
Short Long Term Debt Total	215,329

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

> Total Assets

557,100
575,900
588,500
586,000
607,700
607,800
612,000
610,200
605,700
606,900
616,400
615,300
618,300
626,500
632,800
646,300
665,900
686,500
711,300
705,898
704,151
700,262
704,051
719,335
781,256
809,169
837,276
866,999
922,925
947,435
984,812
1,018,768
1,024,687
1,059,335
1,050,010
1,066,901
1,121,127
1,119,139
1,135,433
1,123,002
1,129,661
1,133,701
1,183,599
1,162,954
1,160,644
1,123,707
1,125,287
1,127,368
1,120,959
1,224,983
1,195,031
1,283,746
1,280,297
1,287,061
1,288,897
1,281,637
1,304,924
1,296,983
1,283,378
1,321,795
1,347,364
1,338,699
1,308,108
1,316,588
1,316,209
1,309,650
1,312,054
1,323,735
1,316,764
1,327,527
1,310,009
1,286,907
1,240,321
1,228,344
1,232,952
1,237,695
1,235,139
1,256,205
1,256,533
1,241,963
1,251,958
1,255,722
1,232,531
1,223,417
1,216,544
1,231,018
1,245,333
1,242,292
1,233,924
1,243,401
1,259,921
1,276,959
1,258,116
1,284,007
1,285,439
1,290,893
1,290,000
1,609,685
1,642,587
1,654,145
1,629,445
1,745,466
2,352,793
2,239,100
2,333,595
2,339,063
2,354,896
2,327,648
2,330,371
2,410,718
2,400,180
2,454,307
2,429,872
2,470,780
2,483,949
2,518,368

2,518,368

2,483,949

2,470,780

2,429,872

2,454,307

2,400,180

2,410,718

2,330,371

2,327,648

2,354,896

2,339,063

2,333,595

2,239,100

2,352,793

1,745,466

1,629,445

1,654,145

1,642,587

1,609,685

1,290,000

1,290,893

1,285,439

1,284,007

1,258,116

1,276,959

1,259,921

1,243,401

1,233,924

1,242,292

1,245,333

1,231,018

1,216,544

1,223,417

1,232,531

1,255,722

1,251,958

1,241,963

1,256,533

1,256,205

1,235,139

1,237,695

1,232,952

1,228,344

1,240,321

1,286,907

1,310,009

1,327,527

1,316,764

1,323,735

1,312,054

1,309,650

1,316,209

1,316,588

1,308,108

1,338,699

1,347,364

1,321,795

1,283,378

1,296,983

1,304,924

1,281,637

1,288,897

1,287,061

1,280,297

1,283,746

1,195,031

1,224,983

1,120,959

1,127,368

1,125,287

1,123,707

1,160,644

1,162,954

1,183,599

1,133,701

1,129,661

1,123,002

1,135,433

1,119,139

1,121,127

1,066,901

1,050,010

1,059,335

1,024,687

1,018,768

984,812

947,435

922,925

866,999

837,276

809,169

781,256

719,335

704,051

700,262

704,151

705,898

711,300

686,500

665,900

646,300

632,800

626,500

618,300

615,300

616,400

606,900

605,700

610,200

612,000

607,800

607,700

586,000

588,500

575,900

557,100

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
18,900
21,500
16,600
20,200
18,100
18,400
20,300
23,129
18,436
19,417
16,483
18,777
21,070
18,236
37,029
20,907
18,692
21,298
23,795
20,860
27,539
27,265
24,346
20,803
20,316
21,369
20,099
24,047
18,744
21,763
708,967
709,246
705,276
734,091
729,584
744,015
750,027
835,485
805,931
806,396
810,672
822,100
831,251
820,488
845,164
842,544
846,656
887,402
874,742
876,654
839,328
837,728
828,810
811,381
808,387
810,868
799,204
817,952
791,587
783,543
749,940
728,112
727,620
725,578
722,083
714,798
719,875
696,906
696,001
730,791
743,294
775,749
775,593
786,508
808,164
819,859
829,309
851,181
867,513
892,665
888,592
908,046
899,017
900,127
904,780
1,199,117
1,232,160
1,259,638
1,238,439
1,364,432
1,933,156
1,810,886
1,890,257
1,870,474
1,840,558
1,733,465
654,766
603,764
560,449
561,734
525,026
497,457
481,796
66,496

66,496

481,796

497,457

525,026

561,734

560,449

603,764

654,766

1,733,465

1,840,558

1,870,474

1,890,257

1,810,886

1,933,156

1,364,432

1,238,439

1,259,638

1,232,160

1,199,117

904,780

900,127

899,017

908,046

888,592

892,665

867,513

851,181

829,309

819,859

808,164

786,508

775,593

775,749

743,294

730,791

696,001

696,906

719,875

714,798

722,083

725,578

727,620

728,112

749,940

783,543

791,587

817,952

799,204

810,868

808,387

811,381

828,810

837,728

839,328

876,654

874,742

887,402

846,656

842,544

845,164

820,488

831,251

822,100

810,672

806,396

805,931

835,485

750,027

744,015

729,584

734,091

705,276

709,246

708,967

21,763

18,744

24,047

20,099

21,369

20,316

20,803

24,346

27,265

27,539

20,860

23,795

21,298

18,692

20,907

37,029

18,236

21,070

18,777

16,483

19,417

18,436

23,129

20,300

18,400

18,100

20,200

16,600

21,500

18,900

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
0
0
0
0
15,100
17,000
12,300
16,100
14,000
13,800
15,600
18,063
13,704
14,460
11,164
13,824
15,911
12,816
31,374
16,036
13,003
15,637
17,989
14,900
21,573
21,433
18,458
15,171
14,149
15,334
14,282
18,953
13,285
16,653
31,833
26,446
21,462
42,084
21,373
27,159
23,548
42,814
21,853
31,661
37,479
26,202
23,160
24,028
54,250
51,279
47,967
92,065
77,174
83,652
53,225
46,301
59,278
49,392
55,754
60,575
56,498
69,158
42,496
59,836
45,069
35,776
43,247
44,619
61,087
59,948
55,439
36,047
36,430
35,405
32,221
36,061
41,173
27,436
34,070
32,109
32,543
34,643
32,850
40,244
36,860
51,475
38,341
37,487
44,002
39,505
51,443
35,202
32,678
77,642
174,478
101,857
207,145
208,860
198,995
104,948
114,346
69,187
64,044
55,048
52,212
51,762
52,658
56,878

56,878

52,658

51,762

52,212

55,048

64,044

69,187

114,346

104,948

198,995

208,860

207,145

101,857

174,478

77,642

32,678

35,202

51,443

39,505

44,002

37,487

38,341

51,475

36,860

40,244

32,850

34,643

32,543

32,109

34,070

27,436

41,173

36,061

32,221

35,405

36,430

36,047

55,439

59,948

61,087

44,619

43,247

35,776

45,069

59,836

42,496

69,158

56,498

60,575

55,754

49,392

59,278

46,301

53,225

83,652

77,174

92,065

47,967

51,279

54,250

24,028

23,160

26,202

37,479

31,661

21,853

42,814

23,548

27,159

21,373

42,084

21,462

26,446

31,833

16,653

13,285

18,953

14,282

15,334

14,149

15,171

18,458

21,433

21,573

14,900

17,989

15,637

13,003

16,036

31,374

12,816

15,911

13,824

11,164

14,460

13,704

18,063

15,600

13,800

14,000

16,100

12,300

17,000

15,100

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
2,186
0
0
0
1,981
0
0
0
715
0
0
0
1,233
0
0
0
4,108
0
0
0
5,524
0
0
368,481
8,483
342,780
344,283
344,310
9,769
423,235
422,589
417,761
5,923
418,428
415,791
399,112
73,818
436,297
426,246
433,392
29,461
452,974
464,214
472,113
481,685
486,664
478,368
487,314
472,577
459,855
470,068
475,650
482,658
484,014
512,748
508,253
516,807
527,814
497,111
461,713
420,290
413,606
417,205
409,800
395,077
376,919
364,753
365,086
356,908
341,133
348,044
358,706
363,273
357,646
363,465
363,467
346,723
342,416
332,188
340,545
349,332
366,376
391,881
437,857
517,679
532,913
526,837
487,980
498,033
472,814
445,695
429,138
415,755

415,755

429,138

445,695

472,814

498,033

487,980

526,837

532,913

517,679

437,857

391,881

366,376

349,332

340,545

332,188

342,416

346,723

363,467

363,465

357,646

363,273

358,706

348,044

341,133

356,908

365,086

364,753

376,919

395,077

409,800

417,205

413,606

420,290

461,713

497,111

527,814

516,807

508,253

512,748

484,014

482,658

475,650

470,068

459,855

472,577

487,314

478,368

486,664

481,685

472,113

464,214

452,974

29,461

433,392

426,246

436,297

73,818

399,112

415,791

418,428

5,923

417,761

422,589

423,235

9,769

344,310

344,283

342,780

8,483

368,481

5,524

4,108

1,233

715

1,981

2,186

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
3,800
4,500
4,300
4,100
4,100
4,600
4,700
5,066
4,732
4,957
5,319
4,953
5,159
5,420
5,655
4,871
5,689
5,661
5,806
5,960
5,966
5,832
5,888
5,632
6,167
6,035
5,817
5,094
5,459
5,110
5,371
5,500
5,382
4,890
4,837
5,046
4,900
5,028
5,513
5,714
5,928
5,608
5,846
5,846
5,755
5,606
5,727
5,613
5,627
5,229
5,303
4,960
5,357
4,952
5,144
4,797
4,943
4,556
4,927
4,281
4,567
4,180
4,223
4,146
3,954
3,813
3,964
3,908
4,021
3,875
3,937
3,768
3,900
3,837
3,871
3,963
3,804
3,808
4,027
4,048
3,899
4,042
4,279
3,968
4,270
5,306
5,094
5,001
5,192
6,326
8,296
8,293
7,913
7,293
7,307
7,235
7,507
7,740
8,425
8,653
8,805
8,439
9,311
9,140

9,140

9,311

8,439

8,805

8,653

8,425

7,740

7,507

7,235

7,307

7,293

7,913

8,293

8,296

6,326

5,192

5,001

5,094

5,306

4,270

3,968

4,279

4,042

3,899

4,048

4,027

3,808

3,804

3,963

3,871

3,837

3,900

3,768

3,937

3,875

4,021

3,908

3,964

3,813

3,954

4,146

4,223

4,180

4,567

4,281

4,927

4,556

4,943

4,797

5,144

4,952

5,357

4,960

5,303

5,229

5,627

5,613

5,727

5,606

5,755

5,846

5,608

5,928

5,714

5,513

5,028

4,900

5,046

4,837

4,890

5,382

5,500

5,371

5,110

5,459

5,094

5,817

6,035

6,167

5,632

5,888

5,832

5,966

5,960

5,806

5,661

5,689

4,871

5,655

5,420

5,159

4,953

5,319

4,957

4,732

5,066

4,700

4,600

4,100

4,300

4,500

3,800

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
671,763
677,300
678,432
687,117
703,374
711,810
721,579
787,643
778,565
769,021
767,265
790,290
802,245
790,614
785,159
785,659
792,962
789,724
791,941
787,773
780,800
786,467
764,175
757,037
747,489
745,496
737,763
764,053
744,164
246,849
240,449
218,088
204,500
194,155
173,028
138,289
152,219
140,144
127,736
194,400
245,423
315,630
316,914
338,030
360,423
388,710
416,043
447,977
465,550
491,465
506,700
504,485
497,691
495,399
498,862
790,841
812,156
872,712
858,153
948,276
1,409,837
1,351,404
1,308,823
1,262,440
1,196,399
1,103,603
7,507
86,282
72,923
63,976
61,476
60,660
62,602
66,496

66,496

62,602

60,660

61,476

63,976

72,923

86,282

7,507

1,103,603

1,196,399

1,262,440

1,308,823

1,351,404

1,409,837

948,276

858,153

872,712

812,156

790,841

498,862

495,399

497,691

504,485

506,700

491,465

465,550

447,977

416,043

388,710

360,423

338,030

316,914

315,630

245,423

194,400

127,736

140,144

152,219

138,289

173,028

194,155

204,500

218,088

240,449

246,849

744,164

764,053

737,763

745,496

747,489

757,037

764,175

786,467

780,800

787,773

791,941

789,724

792,962

785,659

785,159

790,614

802,245

790,290

767,265

769,021

778,565

787,643

721,579

711,810

703,374

687,117

678,432

677,300

671,763

> Long-term Assets

0
100
100
0
0
0
-100
0
0
0
0
-100
304,600
242,800
275,600
338,600
354,800
367,500
379,400
368,801
370,900
358,814
361,815
357,990
417,410
433,757
422,961
453,513
490,567
488,865
508,238
523,215
506,037
519,429
494,652
496,074
541,830
519,054
515,994
492,243
482,633
472,174
474,632
453,708
455,368
389,616
395,703
383,353
370,932
389,498
389,100
477,350
469,625
464,961
457,646
461,149
459,760
454,465
436,722
434,393
472,569
462,003
468,780
478,860
487,399
498,269
503,667
512,867
517,560
509,575
518,422
503,364
490,381
500,232
505,332
512,117
513,056
541,407
536,658
545,057
555,957
524,931
489,237
447,668
440,951
444,510
437,169
422,433
404,615
392,220
392,408
384,294
369,524
375,961
386,422
390,766
385,220
410,568
410,427
394,507
391,006
381,034
419,637
428,214
443,338
468,589
514,338
594,183
609,793
604,268
565,353
574,989
549,371
521,843
505,481
2,451,872

2,451,872

505,481

521,843

549,371

574,989

565,353

604,268

609,793

594,183

514,338

468,589

443,338

428,214

419,637

381,034

391,006

394,507

410,427

410,568

385,220

390,766

386,422

375,961

369,524

384,294

392,408

392,220

404,615

422,433

437,169

444,510

440,951

447,668

489,237

524,931

555,957

545,057

536,658

541,407

513,056

512,117

505,332

500,232

490,381

503,364

518,422

509,575

517,560

512,867

503,667

498,269

487,399

478,860

468,780

462,003

472,569

434,393

436,722

454,465

459,760

461,149

457,646

464,961

469,625

477,350

389,100

389,498

370,932

383,353

395,703

389,616

455,368

453,708

474,632

472,174

482,633

492,243

515,994

519,054

541,830

496,074

494,652

519,429

506,037

523,215

508,238

488,865

490,567

453,513

422,961

433,757

417,410

357,990

361,815

358,814

370,900

368,801

379,400

367,500

354,800

338,600

275,600

242,800

304,600

-100

100

Property Plant Equipment

6,800
6,700
6,600
6,800
6,600
6,600
6,500
6,600
6,500
6,600
6,600
6,700
6,700
6,700
7,200
7,400
7,500
8,000
7,900
7,992
8,442
8,485
9,091
9,332
9,237
9,694
9,679
9,967
10,538
10,218
10,254
10,333
10,414
10,532
12,023
12,482
14,397
14,909
15,985
16,725
17,130
18,459
21,679
22,605
23,652
23,306
23,518
23,129
23,087
28,531
28,259
27,796
27,360
27,079
26,500
25,909
25,554
25,118
24,784
24,316
23,872
23,401
23,076
22,636
22,186
21,844
19,372
19,028
18,761
19,090
19,010
18,707
18,459
18,109
17,640
17,430
17,022
16,647
16,402
16,256
16,154
15,837
15,546
15,406
15,376
15,339
15,406
15,397
15,738
15,510
15,366
15,432
15,482
15,017
14,824
14,592
14,663
16,114
16,038
17,170
18,023
18,332
21,504
21,526
20,740
20,620
20,526
20,683
21,169
21,829
21,881
21,574
21,277
20,970
21,267
25,202

25,202

21,267

20,970

21,277

21,574

21,881

21,829

21,169

20,683

20,526

20,620

20,740

21,526

21,504

18,332

18,023

17,170

16,038

16,114

14,663

14,592

14,824

15,017

15,482

15,432

15,366

15,510

15,738

15,397

15,406

15,339

15,376

15,406

15,546

15,837

16,154

16,256

16,402

16,647

17,022

17,430

17,640

18,109

18,459

18,707

19,010

19,090

18,761

19,028

19,372

21,844

22,186

22,636

23,076

23,401

23,872

24,316

24,784

25,118

25,554

25,909

26,500

27,079

27,360

27,796

28,259

28,531

23,087

23,129

23,518

23,306

23,652

22,605

21,679

18,459

17,130

16,725

15,985

14,909

14,397

12,482

12,023

10,532

10,414

10,333

10,254

10,218

10,538

9,967

9,679

9,694

9,237

9,332

9,091

8,485

8,442

7,992

7,900

8,000

7,500

7,400

7,200

6,700

6,600

6,500

6,600

6,500

6,600

6,800

6,600

6,700

6,800

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
3,470
3,383
3,321
3,319
2,919
2,809
2,809
12,067
12,072
12,032
12,032
12,014
12,014
12,014
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,942
11,958
11,957
11,956
11,942
11,953
11,952
11,951
11,942
11,949
30,013
28,618
28,388
28,388
28,388
52,526
52,505
52,505
52,505
52,505
52,505
52,505
52,505
52,505
52,505
52,505
-50
-49
52,505

52,505

-49

-50

52,505

52,526

28,388

28,618

30,013

11,949

11,942

11,951

11,952

11,953

11,942

11,956

11,957

11,958

11,942

12,014

12,032

12,072

12,067

2,809

2,919

3,319

3,321

3,383

3,470

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
710,619
702,846
705,407
695,161
701,333
695,284
681,334
664,195
651,952
645,568
639,786
621,429
618,160
625,924
627,117
625,232
660,585
676,462
701,039
698,370
724,131
738,409
747,467
757,244
776,573
796,576
811,670
1,153,557
1,162,079
1,177,253
1,185,708
1,179,052
1,478,385
1,500,737
1,524,877
1,504,330
1,570,159
2,030,658
1,991,391
1,977,215
391,881
437,857
517,679
532,913
526,837
487,980
498,033
472,814
445,695
429,138
415,755

415,755

429,138

445,695

472,814

498,033

487,980

526,837

532,913

517,679

437,857

391,881

1,977,215

1,991,391

2,030,658

1,570,159

1,504,330

1,524,877

1,500,737

1,478,385

1,179,052

1,185,708

1,177,253

1,162,079

1,153,557

811,670

796,576

776,573

757,244

747,467

738,409

724,131

698,370

701,039

676,462

660,585

625,232

627,117

625,924

618,160

621,429

639,786

645,568

651,952

664,195

681,334

695,284

701,333

695,161

705,407

702,846

710,619

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,470
3,383
3,321
3,319
368
336
315
1,691
1,534
1,378
1,240
1,102
964
826
746
12,607
583
502
458
12,356
12,312
326
12,239
12,211
12,182
212
12,135
12,117
12,098
138
125
113
100
87
78
70
61
52
47
41
36
30
27
24
21
17
11,958
11,957
11,956
12
11,953
11,952
11,951
9
11,949
30,013
1,321
1,247
1,185
1,123
4,059
3,851
3,717
3,583
3,450
3,316
3,206
3,097
2,987
2,877
2,775
55,228
55,125
2,469

2,469

55,125

55,228

2,775

2,877

2,987

3,097

3,206

3,316

3,450

3,583

3,717

3,851

4,059

1,123

1,185

1,247

1,321

30,013

11,949

11,951

11,952

11,953

11,956

11,957

11,958

100

113

125

138

12,098

12,117

12,135

212

12,182

12,211

12,239

326

12,312

12,356

458

502

583

12,607

746

826

964

1,102

1,240

1,378

1,534

1,691

315

336

368

3,319

3,321

3,383

3,470

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
381,943
384,384
390,492
366,004
359,623
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

359,623

366,004

390,492

384,384

381,943

Long-term Assets Other

-6,800
-6,700
-6,600
-6,800
-6,600
-6,600
-6,500
-6,600
-6,500
-6,600
-6,600
-6,700
-304,600
-242,800
-275,600
-338,600
-354,800
-367,500
-379,400
-368,801
-370,900
-358,814
-361,815
-357,990
-417,410
-433,757
-422,961
-453,513
-490,567
-488,865
-508,238
-523,215
-506,037
-519,429
-494,652
-496,074
-541,830
-519,054
-515,994
-492,243
-482,633
-472,174
3,470
3,383
3,321
3,319
3,287
3,145
3,124
13,758
13,606
13,410
13,272
13,116
12,978
12,840
-447,818
-19,889
-31,107
-422,451
-21,957
-20,390
-13,096
-466,918
-12,807
-10,099
-7,927
267,571
-5,003
-3,962
-2,122
251,669
-1,493
-4,631
-4,507
200,183
-3,818
-1,837
-2,673
144,572
132,164
-1,931
-762
318,378
-949
-425
-1,544
392,198
-4,616
-3,942
-4,319
494,705
-3,164
-3,356
-4,181
950
-1,734
-1,195
-1,309
979
-684
910
-332
1,000
-3,530
-3,408
-5,128
-485,592
-11,818
-16,331
-22,327
-22,940
-18,914
-22,592
-25,618
2,322,872

2,322,872

-25,618

-22,592

-18,914

-22,940

-22,327

-16,331

-11,818

-485,592

-5,128

-3,408

-3,530

1,000

-332

910

-684

979

-1,309

-1,195

-1,734

950

-4,181

-3,356

-3,164

494,705

-4,319

-3,942

-4,616

392,198

-1,544

-425

-949

318,378

-762

-1,931

132,164

144,572

-2,673

-1,837

-3,818

200,183

-4,507

-4,631

-1,493

251,669

-2,122

-3,962

-5,003

267,571

-7,927

-10,099

-12,807

-466,918

-13,096

-20,390

-21,957

-422,451

-31,107

-19,889

-447,818

12,840

12,978

13,116

13,272

13,410

13,606

13,758

3,124

3,145

3,287

3,319

3,321

3,383

3,470

-472,174

-482,633

-492,243

-515,994

-519,054

-541,830

-496,074

-494,652

-519,429

-506,037

-523,215

-508,238

-488,865

-490,567

-453,513

-422,961

-433,757

-417,410

-357,990

-361,815

-358,814

-370,900

-368,801

-379,400

-367,500

-354,800

-338,600

-275,600

-242,800

-304,600

-6,700

-6,600

-6,500

-6,600

-6,500

-6,600

-6,800

-6,600

-6,700

-6,800

> Total Liabilities

504,200
517,100
527,300
519,000
542,100
542,500
544,200
538,600
535,000
530,400
535,100
529,800
531,200
536,500
543,200
555,700
576,700
601,700
629,700
629,275
626,911
622,790
622,596
630,366
687,171
714,321
736,169
766,812
822,689
838,727
870,014
902,931
905,642
936,348
927,904
941,558
990,885
997,982
1,006,429
991,417
1,000,836
1,000,885
1,052,131
1,030,986
1,030,596
995,081
995,556
997,480
991,194
1,083,490
1,054,648
1,145,965
1,148,583
1,156,587
1,166,823
1,159,611
1,163,778
1,160,425
1,157,325
1,169,385
1,191,880
1,177,204
1,167,026
1,177,644
1,170,156
1,155,957
1,150,844
1,156,350
1,145,150
1,151,465
1,129,863
1,104,121
1,057,113
1,048,983
1,051,746
1,058,223
1,050,377
1,067,032
1,069,659
1,053,601
1,062,855
1,068,749
1,042,431
1,035,930
1,028,234
1,040,488
1,054,730
1,056,284
1,046,574
1,053,542
1,068,908
1,088,516
1,071,734
1,094,828
1,095,452
1,093,525
1,087,873
1,369,969
1,399,648
1,409,693
1,378,217
1,489,675
2,056,477
1,939,344
2,033,539
2,034,930
2,055,494
2,026,243
2,054,163
2,152,099
2,161,391
2,204,982
2,174,304
186,153
188,032
2,255,987

2,255,987

188,032

186,153

2,174,304

2,204,982

2,161,391

2,152,099

2,054,163

2,026,243

2,055,494

2,034,930

2,033,539

1,939,344

2,056,477

1,489,675

1,378,217

1,409,693

1,399,648

1,369,969

1,087,873

1,093,525

1,095,452

1,094,828

1,071,734

1,088,516

1,068,908

1,053,542

1,046,574

1,056,284

1,054,730

1,040,488

1,028,234

1,035,930

1,042,431

1,068,749

1,062,855

1,053,601

1,069,659

1,067,032

1,050,377

1,058,223

1,051,746

1,048,983

1,057,113

1,104,121

1,129,863

1,151,465

1,145,150

1,156,350

1,150,844

1,155,957

1,170,156

1,177,644

1,167,026

1,177,204

1,191,880

1,169,385

1,157,325

1,160,425

1,163,778

1,159,611

1,166,823

1,156,587

1,148,583

1,145,965

1,054,648

1,083,490

991,194

997,480

995,556

995,081

1,030,596

1,030,986

1,052,131

1,000,885

1,000,836

991,417

1,006,429

997,982

990,885

941,558

927,904

936,348

905,642

902,931

870,014

838,727

822,689

766,812

736,169

714,321

687,171

630,366

622,596

622,790

626,911

629,275

629,700

601,700

576,700

555,700

543,200

536,500

531,200

529,800

535,100

530,400

535,000

538,600

544,200

542,500

542,100

519,000

527,300

517,100

504,200

> Total Current Liabilities

97,500
103,300
101,200
88,600
108,100
111,800
113,600
107,400
101,600
90,500
96,300
86,600
0
0
0
18,100
29,900
53,600
75,300
92,539
99,124
91,780
103,454
99,441
94,339
93,157
84,421
63,488
43,519
44,675
51,229
52,827
34,396
62,388
56,798
46,540
80,995
46,749
52,680
42,181
56,935
59,292
50,733
39,743
80,804
55,731
68,744
55,980
67,746
42,507
55,708
45,874
48,475
49,186
58,703
56,481
41,769
39,390
33,053
39,229
36,443
28,132
18,402
18,413
16,068
20,343
19,234
4,950
4,030
4,242
19,657
5,567
4,637
20,355
4,833
26,984
4,730
4,637
6,765
5,537
5,840
22,578
12,733
56,633
26,553
28,261
17,992
28,812
21,691
13,084
11,288
67,112
30,049
21,706
13,099
17,985
5,132
40,553
35,799
96,478
46,454
26,889
63,291
45,758
40,868
2,125
1,875
23,628
22,525
110,210
24,547
102,608
93,396
56,892
54,505
848,805

848,805

54,505

56,892

93,396

102,608

24,547

110,210

22,525

23,628

1,875

2,125

40,868

45,758

63,291

26,889

46,454

96,478

35,799

40,553

5,132

17,985

13,099

21,706

30,049

67,112

11,288

13,084

21,691

28,812

17,992

28,261

26,553

56,633

12,733

22,578

5,840

5,537

6,765

4,637

4,730

26,984

4,833

20,355

4,637

5,567

19,657

4,242

4,030

4,950

19,234

20,343

16,068

18,413

18,402

28,132

36,443

39,229

33,053

39,390

41,769

56,481

58,703

49,186

48,475

45,874

55,708

42,507

67,746

55,980

68,744

55,731

80,804

39,743

50,733

59,292

56,935

42,181

52,680

46,749

80,995

46,540

56,798

62,388

34,396

52,827

51,229

44,675

43,519

63,488

84,421

93,157

94,339

99,441

103,454

91,780

99,124

92,539

75,300

53,600

29,900

18,100

86,600

96,300

90,500

101,600

107,400

113,600

111,800

108,100

88,600

101,200

103,300

97,500

Short-term Debt

94,500
99,500
94,700
85,000
103,800
106,700
106,700
104,300
97,200
84,500
87,500
80,500
0
0
0
12,100
29,900
53,600
75,300
89,036
99,124
91,780
97,288
94,691
87,385
85,562
73,911
58,064
37,885
35,742
38,683
43,635
22,613
40,757
45,167
37,763
47,882
40,753
42,061
34,178
50,167
50,562
41,805
34,734
74,514
50,950
63,479
49,258
58,967
35,004
47,879
40,678
41,895
42,159
52,650
48,547
41,769
39,390
33,053
39,229
36,443
28,132
18,402
18,413
16,068
20,343
19,234
4,950
4,030
4,242
19,657
5,567
4,637
12,000
4,833
20,000
4,730
4,637
6,765
5,537
5,840
15,000
4,500
48,581
18,811
20,041
8,270
21,000
14,500
4,000
3,000
58,000
21,000
12,000
3,000
7,000
5,132
27,493
17,514
84,292
35,200
12,200
38,557
18,066
8,018
2,125
1,875
1,803
2,357
88,500
2,457
77,000
93,396
30,500
23,790
66,658

66,658

23,790

30,500

93,396

77,000

2,457

88,500

2,357

1,803

1,875

2,125

8,018

18,066

38,557

12,200

35,200

84,292

17,514

27,493

5,132

7,000

3,000

12,000

21,000

58,000

3,000

4,000

14,500

21,000

8,270

20,041

18,811

48,581

4,500

15,000

5,840

5,537

6,765

4,637

4,730

20,000

4,833

12,000

4,637

5,567

19,657

4,242

4,030

4,950

19,234

20,343

16,068

18,413

18,402

28,132

36,443

39,229

33,053

39,390

41,769

48,547

52,650

42,159

41,895

40,678

47,879

35,004

58,967

49,258

63,479

50,950

74,514

34,734

41,805

50,562

50,167

34,178

42,061

40,753

47,882

37,763

45,167

40,757

22,613

43,635

38,683

35,742

37,885

58,064

73,911

85,562

87,385

94,691

97,288

91,780

99,124

89,036

75,300

53,600

29,900

12,100

80,500

87,500

84,500

97,200

104,300

106,700

103,800

85,000

94,700

99,500

94,500

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
78,597
0
0
0
57
0
25,702
14,590
37,004
20,744
47,196
38,995
6,000
14,000
23,000
32,000
32,000
0
27,493
17,514
84,292
35,200
12,200
38,557
18,066
8,018
0
0
0
0
88,500
0
77,000
91,000
30,500
23,790
63,661

63,661

23,790

30,500

91,000

77,000

88,500

8,018

18,066

38,557

12,200

35,200

84,292

17,514

27,493

32,000

23,000

14,000

6,000

38,995

47,196

20,744

37,004

14,590

25,702

78,597

Accounts payable

3,000
3,800
6,500
3,600
4,300
5,100
6,900
3,100
4,400
6,000
8,800
6,100
0
0
0
6,000
0
0
0
3,503
496,888
498,951
6,166
4,750
6,954
7,595
10,510
5,424
5,634
8,933
12,546
9,192
11,783
21,631
11,631
8,777
33,113
5,996
10,619
8,003
6,768
8,730
8,928
5,009
6,290
4,781
5,265
6,722
8,779
7,503
7,829
5,196
6,580
7,027
6,053
7,934
874,006
885,944
896,866
926,789
952,471
968,540
983,516
1,004,348
1,010,001
995,361
995,730
1,018,206
1,016,801
1,029,456
1,013,010
8,636
7,841
8,355
10,043
6,984
10,544
9,955
8,234
7,015
7,379
7,578
8,233
8,052
7,742
8,220
9,722
7,812
7,191
9,084
8,288
9,112
9,049
9,706
10,099
10,985
9,986
13,060
18,285
12,186
11,254
14,689
24,734
27,692
32,850
24,034
27,125
23,628
22,525
21,710
24,547
25,608
26,752
26,392
30,715
0

30,715

26,392

26,752

25,608

24,547

21,710

22,525

23,628

27,125

24,034

32,850

27,692

24,734

14,689

11,254

12,186

18,285

13,060

9,986

10,985

10,099

9,706

9,049

9,112

8,288

9,084

7,191

7,812

9,722

8,220

7,742

8,052

8,233

7,578

7,379

7,015

8,234

9,955

10,544

6,984

10,043

8,355

7,841

8,636

1,013,010

1,029,456

1,016,801

1,018,206

995,730

995,361

1,010,001

1,004,348

983,516

968,540

952,471

926,789

896,866

885,944

874,006

7,934

6,053

7,027

6,580

5,196

7,829

7,503

8,779

6,722

5,265

4,781

6,290

5,009

8,928

8,730

6,768

8,003

10,619

5,996

33,113

8,777

11,631

21,631

11,783

9,192

12,546

8,933

5,634

5,424

10,510

7,595

6,954

4,750

6,166

498,951

496,888

3,503

6,000

6,100

8,800

6,000

4,400

3,100

6,900

5,100

4,300

3,600

6,500

3,800

3,000

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
995,361
995,730
1,018,206
1,016,801
1,029,456
1,013,010
-8,636
-7,841
950,769
-10,043
954,516
-10,544
-9,955
-8,234
-7,015
-7,379
978,449
961,112
935,615
955,848
967,951
991,880
983,843
980,251
997,262
1,021,625
1,008,449
1,018,081
1,040,899
1,043,947
1,033,772
-9,986
1,284,143
1,294,882
1,252,660
1,249,912
1,381,178
-22,421
605,517
-31,105
-24,034
-27,125
-23,628
-22,525
552,946
-2,457
-102,608
-26,752
-56,892
-54,505
782,147

782,147

-54,505

-56,892

-26,752

-102,608

-2,457

552,946

-22,525

-23,628

-27,125

-24,034

-31,105

605,517

-22,421

1,381,178

1,249,912

1,252,660

1,294,882

1,284,143

-9,986

1,033,772

1,043,947

1,040,899

1,018,081

1,008,449

1,021,625

997,262

980,251

983,843

991,880

967,951

955,848

935,615

961,112

978,449

-7,379

-7,015

-8,234

-9,955

-10,544

954,516

-10,043

950,769

-7,841

-8,636

1,013,010

1,029,456

1,016,801

1,018,206

995,730

995,361

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
50,700
50,700
50,700
60,000
60,000
60,000
60,000
35,025
25,620
25,615
15,610
605
60,600
70,595
105,590
125,584
185,731
180,726
180,720
208,214
221,208
215,202
216,696
235,190
257,184
279,353
279,091
270,827
257,394
254,599
246,499
232,205
195,089
180,889
168,470
179,182
151,302
167,704
169,417
259,454
255,073
256,860
249,395
236,926
236,453
221,658
216,451
196,242
196,032
173,831
158,654
148,495
138,340
133,182
128,024
125,363
115,202
110,038
89,954
15,812
15,661
12,472
12,405
12,338
12,270
12,201
12,131
12,060
12,002
11,916
11,842
11,767
11,692
11,615
11,538
11,454
11,388
11,321
4,256
9,189
18,122
27,054
32,985
35,915
32,844
45,273
65,200
58,627
79,444
79,404
119,359
71,161
67,001
91,962
86,353
75,752
68,329
76,077
24,547
102,608
2,080,908
186,153
188,032
1,407,182

1,407,182

188,032

186,153

2,080,908

102,608

24,547

76,077

68,329

75,752

86,353

91,962

67,001

71,161

119,359

79,404

79,444

58,627

65,200

45,273

32,844

35,915

32,985

27,054

18,122

9,189

4,256

11,321

11,388

11,454

11,538

11,615

11,692

11,767

11,842

11,916

12,002

12,060

12,131

12,201

12,270

12,338

12,405

12,472

15,661

15,812

89,954

110,038

115,202

125,363

128,024

133,182

138,340

148,495

158,654

173,831

196,032

196,242

216,451

221,658

236,453

236,926

249,395

256,860

255,073

259,454

169,417

167,704

151,302

179,182

168,470

180,889

195,089

232,205

246,499

254,599

257,394

270,827

279,091

279,353

257,184

235,190

216,696

215,202

221,208

208,214

180,720

180,726

185,731

125,584

105,590

70,595

60,600

605

15,610

25,615

25,620

35,025

60,000

50,700

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
133,182
128,024
125,363
115,202
110,038
89,954
83,812
76,661
73,472
73,405
73,338
73,270
73,201
73,131
73,060
72,988
62,916
62,842
38,767
38,692
38,615
38,538
38,454
38,388
38,321
31,256
9,189
18,122
27,054
32,985
35,915
32,844
7,000
7,000
6,500
6,500
6,500
16,572
16,553
16,534
47,637
47,673
47,710
47,748
39,286
39,329
39,372
39,415
39,459
0
0

39,459

39,415

39,372

39,329

39,286

47,748

47,710

47,673

47,637

16,534

16,553

16,572

6,500

7,000

32,844

35,915

32,985

27,054

18,122

9,189

31,256

38,321

38,388

38,454

38,538

38,615

38,692

38,767

62,842

62,916

72,988

73,060

73,131

73,201

73,270

73,338

73,405

73,472

76,661

83,812

89,954

110,038

115,202

125,363

128,024

133,182

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,279
6,444
7,415
6,103
8,320
8,960
11,871
6,890
7,100
10,413
14,132
10,778
13,464
23,313
13,313
10,540
34,899
7,778
12,402
9,867
8,656
10,619
10,819
6,982
8,279
6,768
7,235
8,691
10,767
9,641
9,963
7,330
8,731
9,175
8,202
10,081
11,550
13,459
10,955
7,125
6,881
6,659
6,454
6,388
5,747
7,071
7,856
7,831
9,117
7,729
7,242
8,636
7,841
8,355
10,043
6,984
10,544
9,955
8,234
7,015
7,393
7,578
8,233
8,052
7,742
8,220
9,722
7,812
7,191
9,084
8,288
9,112
9,049
9,599
9,985
10,843
8,447
10,857
16,158
10,238
10,885
14,377
16,693
27,692
32,850
19,415
27,125
23,628
22,525
21,710
24,547
17,357
26,752
21,679
30,715
0

30,715

21,679

26,752

17,357

24,547

21,710

22,525

23,628

27,125

19,415

32,850

27,692

16,693

14,377

10,885

10,238

16,158

10,857

8,447

10,843

9,985

9,599

9,049

9,112

8,288

9,084

7,191

7,812

9,722

8,220

7,742

8,052

8,233

7,578

7,393

7,015

8,234

9,955

10,544

6,984

10,043

8,355

7,841

8,636

7,242

7,729

9,117

7,831

7,856

7,071

5,747

6,388

6,454

6,659

6,881

7,125

10,955

13,459

11,550

10,081

8,202

9,175

8,731

7,330

9,963

9,641

10,767

8,691

7,235

6,768

8,279

6,982

10,819

10,619

8,656

9,867

12,402

7,778

34,899

10,540

13,313

23,313

13,464

10,778

14,132

10,413

7,100

6,890

11,871

8,960

8,320

6,103

7,415

6,444

5,279

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14
0
0
0
0
0
0
0
0
0
0
0
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

52,900
58,800
61,200
67,000
65,600
65,300
67,800
71,600
70,700
76,500
81,300
85,500
87,100
90,000
89,600
90,600
89,200
84,800
81,600
76,623
77,240
77,472
81,455
88,969
94,085
94,848
101,107
100,187
100,236
108,708
114,798
115,837
119,045
122,987
122,106
125,343
130,242
121,157
129,004
131,585
128,825
132,816
131,468
131,968
130,048
128,626
129,731
129,888
129,765
141,493
140,383
137,781
131,714
130,474
122,074
122,026
141,146
136,558
126,053
152,410
155,484
161,495
141,082
138,944
146,053
153,693
161,210
167,385
171,614
176,062
180,146
182,786
183,208
179,361
181,206
179,472
184,762
189,173
186,874
188,362
189,103
186,973
190,100
187,487
188,310
190,530
190,603
186,008
187,350
189,859
191,013
188,443
186,382
189,179
189,987
197,368
202,127
239,716
242,939
244,452
251,228
255,791
296,316
299,756
300,056
304,133
299,402
301,405
276,208
258,619
238,789
249,325
255,568
248,117
240,205
262,381

262,381

240,205

248,117

255,568

249,325

238,789

258,619

276,208

301,405

299,402

304,133

300,056

299,756

296,316

255,791

251,228

244,452

242,939

239,716

202,127

197,368

189,987

189,179

186,382

188,443

191,013

189,859

187,350

186,008

190,603

190,530

188,310

187,487

190,100

186,973

189,103

188,362

186,874

189,173

184,762

179,472

181,206

179,361

183,208

182,786

180,146

176,062

171,614

167,385

161,210

153,693

146,053

138,944

141,082

161,495

155,484

152,410

126,053

136,558

141,146

122,026

122,074

130,474

131,714

137,781

140,383

141,493

129,765

129,888

129,731

128,626

130,048

131,968

131,468

132,816

128,825

131,585

129,004

121,157

130,242

125,343

122,106

122,987

119,045

115,837

114,798

108,708

100,236

100,187

101,107

94,848

94,085

88,969

81,455

77,472

77,240

76,623

81,600

84,800

89,200

90,600

89,600

90,000

87,100

85,500

81,300

76,500

70,700

71,600

67,800

65,300

65,600

67,000

61,200

58,800

52,900

Common Stock

5,100
5,100
5,100
5,100
5,100
5,100
5,100
5,100
5,200
5,200
5,200
5,200
5,200
5,200
5,200
5,200
5,300
5,300
5,300
5,272
5,325
5,325
5,325
5,325
5,378
5,378
5,378
5,378
5,432
5,432
5,432
5,431
5,484
8,226
8,226
8,226
8,307
8,307
8,307
8,307
8,390
8,389
8,389
8,389
8,472
8,472
8,472
8,472
8,556
9,193
9,193
9,193
9,284
9,284
9,284
9,284
9,284
9,284
9,399
12,374
130,661
134,229
12,397
12,408
12,420
12,433
12,447
12,461
161,240
165,008
12,507
171,783
174,137
176,681
178,838
180,465
182,220
183,757
182,837
183,002
181,437
182,887
183,978
184,959
182,914
183,636
185,173
186,906
187,825
189,339
190,639
189,950
191,920
195,518
198,355
201,538
202,768
236,284
238,479
240,761
13,935
244,080
284,707
287,961
293,097
294,857
292,997
296,379
296,386
294,621
295,258
299,203
298,365
296,190
300,031
16,030

16,030

300,031

296,190

298,365

299,203

295,258

294,621

296,386

296,379

292,997

294,857

293,097

287,961

284,707

244,080

13,935

240,761

238,479

236,284

202,768

201,538

198,355

195,518

191,920

189,950

190,639

189,339

187,825

186,906

185,173

183,636

182,914

184,959

183,978

182,887

181,437

183,002

182,837

183,757

182,220

180,465

178,838

176,681

174,137

171,783

12,507

165,008

161,240

12,461

12,447

12,433

12,420

12,408

12,397

134,229

130,661

12,374

9,399

9,284

9,193

8,556

8,472

8,389

8,390

8,307

8,226

5,484

5,431

5,432

5,378

5,325

5,272

5,300

5,200

5,100

Retained Earnings

40,700
41,500
42,800
44,400
44,700
46,300
47,800
49,200
49,700
51,300
52,800
54,200
54,200
56,600
58,100
57,500
59,000
60,700
62,500
62,886
63,768
64,748
65,333
65,206
66,105
67,929
69,977
70,352
72,698
75,023
77,182
77,584
79,994
82,219
84,498
84,940
86,860
88,789
90,411
92,672
91,891
93,300
94,697
95,911
94,562
95,773
97,074
96,077
96,547
96,344
97,059
96,628
97,230
98,860
97,723
97,757
90,745
79,486
48,781
53,027
56,123
59,546
62,480
65,920
69,894
73,902
78,085
82,302
85,715
88,956
91,811
94,839
96,497
98,419
100,052
101,216
102,311
103,276
104,344
105,550
106,201
107,422
108,520
109,454
109,901
110,677
111,664
112,790
113,106
114,066
114,836
113,608
114,953
118,012
120,283
122,643
123,155
123,112
124,723
126,480
126,944
128,661
127,224
129,703
134,176
136,756
139,715
142,612
145,073
148,187
148,304
151,743
151,990
153,725
157,044
157,028

157,028

157,044

153,725

151,990

151,743

148,304

148,187

145,073

142,612

139,715

136,756

134,176

129,703

127,224

128,661

126,944

126,480

124,723

123,112

123,155

122,643

120,283

118,012

114,953

113,608

114,836

114,066

113,106

112,790

111,664

110,677

109,901

109,454

108,520

107,422

106,201

105,550

104,344

103,276

102,311

101,216

100,052

98,419

96,497

94,839

91,811

88,956

85,715

82,302

78,085

73,902

69,894

65,920

62,480

59,546

56,123

53,027

48,781

79,486

90,745

97,757

97,723

98,860

97,230

96,628

97,059

96,344

96,547

96,077

97,074

95,773

94,562

95,911

94,697

93,300

91,891

92,672

90,411

88,789

86,860

84,940

84,498

82,219

79,994

77,584

77,182

75,023

72,698

70,352

69,977

67,929

66,105

65,206

65,333

64,748

63,768

62,886

62,500

60,700

59,000

57,500

58,100

56,600

54,200

52,800

51,300

49,700

49,200

47,800

46,300

44,700

44,400

42,800

41,500

40,700

Accumulated Other Comprehensive Income

-3,400
1,600
2,700
7,000
4,200
2,300
3,300
5,800
3,000
7,200
10,500
13,300
13,200
14,100
12,300
13,900
9,000
3,000
-2,100
-7,447
-9,304
-9,902
-6,504
1,101
4,394
3,719
7,930
6,636
2,873
9,197
13,110
13,736
12,973
14,590
11,408
14,147
14,491
4,007
10,167
10,489
5,826
8,379
5,436
4,648
2,292
-119
1,281
2,408
134
-1,910
-3,372
-5,542
-13,533
-16,285
-23,333
-23,262
-24,069
-17,915
57
-891
-968
-251
4,162
-1,601
1,158
4,986
161,210
10,160
10,852
11,519
180,146
11,003
9,071
2,680
2,368
-993
2,542
5,416
4,037
5,360
7,666
4,086
6,122
2,528
5,396
6,894
5,430
-898
-475
520
374
-1,507
-5,538
-6,339
-8,368
-4,170
-641
3,432
4,460
3,691
9,474
11,711
11,609
11,795
6,959
9,276
6,405
5,026
-20,178
-36,002
-56,469
-49,878
-42,797
-48,073
-59,826
-38,437

-38,437

-59,826

-48,073

-42,797

-49,878

-56,469

-36,002

-20,178

5,026

6,405

9,276

6,959

11,795

11,609

11,711

9,474

3,691

4,460

3,432

-641

-4,170

-8,368

-6,339

-5,538

-1,507

374

520

-475

-898

5,430

6,894

5,396

2,528

6,122

4,086

7,666

5,360

4,037

5,416

2,542

-993

2,368

2,680

9,071

11,003

180,146

11,519

10,852

10,160

161,210

4,986

1,158

-1,601

4,162

-251

-968

-891

-17,915

-24,069

-23,262

-23,333

-16,285

-13,533

-5,542

-3,372

-1,910

134

2,408

1,281

-119

2,292

4,648

5,436

8,379

5,826

10,489

10,167

4,007

14,491

14,147

11,408

14,590

12,973

13,736

13,110

9,197

2,873

6,636

7,930

3,719

4,394

1,101

-6,504

-9,902

-9,304

-7,447

-2,100

3,000

9,000

13,900

12,300

14,100

13,200

13,300

10,500

7,200

3,000

5,800

3,300

2,300

4,200

7,000

2,700

1,600

-3,400

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
67,086
67,322
67,568
67,360
67,817
68,215
68,622
68,640
69,214
69,669
70,105
70,421
70,964
71,442
71,541
71,074
71,258
71,460
71,654
71,212
71,391
71,616
71,730
71,454
71,684
71,818
72,035
71,716
71,947
72,197
72,602
71,963
103,953
104,250
104,519
103,731
103,954
143,286
143,644
143,173
143,817
144,172
144,453
142,991
143,417
143,894
143,950
143,395
143,661
0
0

143,661

143,395

143,950

143,894

143,417

142,991

144,453

144,172

143,817

143,173

143,644

143,286

103,954

103,731

104,519

104,250

103,953

71,963

72,602

72,197

71,947

71,716

72,035

71,818

71,684

71,454

71,730

71,616

71,391

71,212

71,654

71,460

71,258

71,074

71,541

71,442

70,964

70,421

70,105

69,669

69,214

68,640

68,622

68,215

67,817

67,360

67,568

67,322

67,086

Treasury Stock

-17,226

-13,050

-12,520

-12,970

-13,013

-7,708

-6,716

-6,920

-1,746

-265

-1,369

-1,786

-2,470

-2,856

-4,173

-4,429

-4,716

-5,005

-6,362

-6,780

-7,096

-7,404

-8,348

-8,670

-9,066

-9,390

-10,269

-10,762

-11,087

-10,854

-8,804

-8,657

-8,448

-8,493

-6,744

-5,604

-3,119

-3,128

-3,452

-3,462

-3,513

-3,543

-4,203

-4,213

-4,255

-4,309

-5,106

-5,128

-4,714

-4,158

-4,431

-4,429

-4,575

-5,056

-5,331

-5,626

-6,061

-5,815

-5,570

-5,350

-4,992

-4,635

-4,381

-4,146

-4,161

-2,559

-2,331

-1,944

-1,947

-2,019

-2,037

-2,339

-2,338

-2,377

-1,838

-2,074

-2,107

-2,120

-2,179

-2,067

-2,075

-2,085

-1,900

-1,937

-1,549

-1,419

-1,440

Other Stockholders Equity

10,500
10,600
10,600
10,500
11,600
11,600
11,600
11,500
12,800
12,800
12,800
12,800
27,700
28,200
26,300
27,900
24,900
18,800
13,800
8,465
8,147
7,399
10,797
18,438
22,602
21,541
25,752
24,457
22,106
28,253
32,184
19,086
20,594
17,952
17,974
18,030
20,584
20,054
20,119
20,117
22,718
22,748
22,946
23,020
24,722
24,500
22,904
22,931
24,528
37,866
37,503
37,502
38,733
38,615
38,400
38,247
39,564
40,039
42,110
62,151
-56,123
-57,862
62,043
62,217
62,581
62,372
62,194
62,462
63,051
63,562
64,002
64,419
65,097
65,701
66,207
66,653
67,293
67,845
65,838
64,797
62,581
62,810
62,803
62,850
60,358
60,304
60,854
61,461
62,064
62,618
63,148
63,687
64,312
64,851
65,417
66,240
66,958
99,237
99,821
100,346
100,875
101,484
141,500
142,275
142,908
142,071
137,252
137,737
-145,073
-148,187
-148,304
-151,743
-151,990
-153,725
-157,044
127,760

127,760

-157,044

-153,725

-151,990

-151,743

-148,304

-148,187

-145,073

137,737

137,252

142,071

142,908

142,275

141,500

101,484

100,875

100,346

99,821

99,237

66,958

66,240

65,417

64,851

64,312

63,687

63,148

62,618

62,064

61,461

60,854

60,304

60,358

62,850

62,803

62,810

62,581

64,797

65,838

67,845

67,293

66,653

66,207

65,701

65,097

64,419

64,002

63,562

63,051

62,462

62,194

62,372

62,581

62,217

62,043

-57,862

-56,123

62,151

42,110

40,039

39,564

38,247

38,400

38,615

38,733

37,502

37,503

37,866

24,528

22,931

22,904

24,500

24,722

23,020

22,946

22,748

22,718

20,117

20,119

20,054

20,584

18,030

17,974

17,952

20,594

19,086

32,184

28,253

22,106

24,457

25,752

21,541

22,602

18,438

10,797

7,399

8,147

8,465

13,800

18,800

24,900

27,900

26,300

28,200

27,700

12,800

11,500

11,600

10,500

10,600

10,500

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Accounts Payable	0	25,608	23,628	27,692	12,186	10,985	9,112	7,812	8,052	7,015	6,984	8,636	1,018,206	1,004,348	926,789	7,934	5,196	6,722	5,009	8,003	8,777	9,192	5,424	4,750	3,503	6,000	0	0	0	0
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
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
Accumulated Other Comprehensive Income	-38,437	-49,878	5,026	11,795	3,691	-4,170	-1,507	-898	2,528	5,360	-993	11,003	10,160	138,944	-891	-23,262	-5,542	2,408	4,648	10,489	14,147	13,736	6,636	1,101	-7,447	13,900	13,335	5,767	6,952	-8,589
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
Capital Lease Obligations	0	0	0	0	0	0	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	16,030	299,203	16,030	15,983	13,935	12,655	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	143,950	144,453	143,644	104,519	72,602	72,035	71,730	71,654	71,541	70,105	68,622	67,568	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	56,878	55,048	104,948	101,857	35,202	37,487	40,244	32,109	36,061	36,047	44,619	59,836	60,575	46,301	92,065	24,028	31,661	27,159	26,446	18,953	15,171	14,900	16,036	13,824	18,063	16,100	14,253	14,975	13,590	12,407
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
Cash And Short Term Investments	-56,878	553,081	622,627	451,189	381,925	400,760	397,152	427,186	456,351	552,854	527,277	532,413	60,575	46,301	92,065	24,028	31,661	27,159	26,446	18,953	15,171	14,900	16,036	13,824	18,063	16,100	14,253	14,975	13,590	12,407
Common Stock	16,030	299,203	296,379	287,961	240,761	201,538	189,950	186,906	184,959	183,002	180,465	171,783	157,225	12,408	12,374	9,284	9,193	8,472	8,389	8,307	8,226	5,431	5,378	5,325	5,272	5,200	5,168	5,117	5,067	5,016
Common Stock Shares Outstanding	15,242	15,459	15,772	14,747	13,322	12,259	12,144	12,063	12,171	12,412	12,383	12,260	12,167	12,131	9,272	8,983	8,760	8,525	8,601	8,555	8,459	8,453	8,614	8,519	8,480	8,572	8,501	8,464	8,468	8,472
Common Stock Total Equity	0	16,030	16,030	15,983	13,935	12,655	12,655	12,655	12,655	12,655	12,596	12,525	12,461	12,408	12,374	9,284	9,193	8,472	8,389	8,307	8,226	5,431	5,378	5,325	5,272	5,200	5,168	5,117	5,067	5,016
Current Deferred Revenue	0	0	21,825	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	366,004	380,953	372,253	409,777	441,921	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	52,505	52,505	52,505	52,505	28,388	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	12,014	12,032	2,809	3,383	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	2,469	2,877	3,316	3,851	1,247	9	12	17	30	52	87	138	12,154	12,268	502	826	1,378	336	3,383	0	0	0	0	0	0	0	0	0	0	0
Inventory	47,738	-63,976	-121,967	-117,328	-47,169	1,703	1,598	2,180	1,260	1,189	946	3,424	2,174	5,784	873	298	258	264	194	497	101	56	179	316	0	0	0	0	0	0
Liabilities And Stockholders Equity	2,518,368	2,454,307	2,327,648	2,239,100	1,654,145	1,290,893	1,276,959	1,242,292	1,223,417	1,241,963	1,237,695	1,286,907	1,323,735	1,316,588	1,321,795	1,281,637	1,283,746	1,127,368	1,162,954	1,123,002	1,066,901	1,018,768	866,999	719,335	705,898	646,300	615,353	610,192	585,987	546,478
Long Term Debt	145,724	181,781	77,555	16,553	6,500	35,915	9,189	38,454	38,767	73,060	73,338	83,812	125,363	133,495	149,102	197,064	220,954	100,115	154,285	215,161	187,423	170,714	105,584	605	0	0	0	0	0	0
Long Term Debt Total	0	39,372	47,710	16,553	6,500	35,915	9,189	38,454	38,767	73,060	73,338	83,812	125,363	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	415,755	498,033	517,679	1,991,391	1,524,877	1,185,708	811,670	747,467	701,039	627,117	639,786	681,334	705,407	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
Net Debt	158,451	203,733	-27,393	-12,630	107,717	5,428	26,945	27,345	51,287	37,013	48,719	23,976	69,738	120,607	143,406	261,445	268,471	201,281	240,493	286,052	257,782	236,949	167,612	81,472	105,998	56,000	56,208	89,275	71,410	86,093
Net Invested Capital	471,766	431,106	378,960	388,983	387,371	240,283	255,632	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	9,140	8,653	7,235	8,293	5,001	3,968	4,048	3,963	3,768	3,908	4,146	4,281	4,797	4,960	5,613	5,846	5,714	5,046	5,500	5,094	5,632	5,960	4,871	4,953	5,066	4,100	4,808	4,404	4,058	3,861
Net Tangible Assets	0	193,943	245,584	243,400	214,817	185,417	176,489	174,049	175,515	176,368	167,443	170,706	155,231	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-782,309	459,126	606,234	413,724	290,448	882,142	825,553	791,047	719,116	691,369	698,594	777,976	805,918	819,315	848,173	764,007	760,522	688,035	669,503	-18,134	-25,737	-31,967	-42,581	-80,664	-69,410	2,100	0	0	0	0
Non Current Assets Total	2,451,872	574,989	594,183	427,214	393,528	390,766	384,294	422,433	447,668	545,057	512,117	503,364	512,867	478,860	434,393	461,149	477,350	383,353	453,708	492,243	496,074	523,215	453,513	357,990	368,801	338,600	314,904	316,031	307,889	268,740
Non Current Liabilities Other	0	25,608	23,628	27,692	12,186	10,985	9,112	7,812	8,052	7,015	6,984	8,636	7,831	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,407,182	102,608	77,555	89,227	142,919	35,915	9,189	11,454	11,767	12,060	12,338	15,812	125,363	148,495	196,242	236,926	259,454	179,182	232,205	270,827	235,190	208,214	125,584	605	35,025	60,000	70,461	104,250	85,000	98,500
Non Currrent Assets Other	2,322,872	-20,884	-5,887	-2,705	-2,618	-3,160	-3,289	-5,117	-3,115	-1,668	-6,344	-1,725	-6,173	-16,054	-22,037	12,840	13,410	3,145	3,383	-492,243	-496,074	-523,215	-453,513	-357,990	-368,801	-338,600	-314,904	-316,031	-307,889	-268,740
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
Other Assets	0	1,317,584	1,103,603	1,352,404	873,691	1,681,659	1,661,253	1,664,725	1,671,085	1,787,020	1,749,812	1,790,271	1,836,602	1,795,448	1,756,188	1,742,786	1,761,096	1,510,721	1,616,662	606,712	550,024	474,693	392,579	342,568	313,968	287,500	281,388	274,782	260,450	261,470
Other Current Assets	66,496	63,976	121,967	117,328	47,169	495,399	491,465	388,710	315,630	140,144	194,155	246,849	745,496	786,467	789,724	790,614	769,021	711,810	677,300	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	782,147	-102,608	-23,628	-45,758	-96,478	-5,132	1,008,449	983,843	935,615	-7,015	954,516	-8,636	1,018,206	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liab	0	17,357	23,628	27,692	10,238	10,843	9,066	7,747	7,982	7,015	6,984	8,636	7,831	6,388	7,125	10,081	7,330	8,691	6,982	9,867	10,540	10,778	6,890	6,103	0	0	0	0	0	0
Other Stockholder Equity	127,760	-151,743	-142,612	-129,703	-126,480	-122,643	63,687	61,461	62,850	64,797	66,653	64,419	62,462	62,217	62,151	38,247	37,502	22,931	23,020	20,117	18,030	19,086	24,457	18,438	8,465	27,900	27,848	18,614	18,540	2,037
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
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	25,749	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	51,387	52,373	52,226	21,526	17,170	14,592	15,432	15,397	15,406	16,256	17,430	18,707	19,028	22,636	24,316	25,909	27,796	23,129	22,605	16,725	12,482	10,333	9,967	9,332	7,992	7,400	6,720	6,609	6,791	6,920
Property Plant And Equipment Net	25,202	21,574	20,683	21,526	17,170	14,592	15,432	15,397	15,406	16,256	17,430	18,707	19,028	22,636	24,316	25,909	27,796	23,129	22,605	16,725	12,482	10,333	9,967	9,332	7,992	7,400	6,720	6,609	6,791	6,920
Property Plant Equipment	0	21,574	20,683	21,526	17,170	14,592	15,432	15,397	15,406	16,256	17,430	18,707	19,028	22,636	24,316	25,909	27,796	23,129	22,605	16,725	12,482	10,333	9,967	9,332	0	0	0	0	0	0
Retained Earnings	157,028	151,743	142,612	129,703	126,480	122,643	113,608	112,790	109,454	105,550	101,216	94,839	82,302	65,920	53,027	97,757	96,628	96,077	95,911	92,672	84,940	77,584	70,352	65,206	62,886	57,500	52,519	47,862	43,370	39,743
Retained Earnings Total Equity	0	151,743	142,612	129,703	126,480	122,643	113,608	112,790	109,454	105,550	101,216	94,839	82,302	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	63,661	77,000	0	18,066	84,292	7,000	58,000	21,000	57	78,597	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	215,329	258,781	77,555	89,227	142,919	42,915	67,189	59,454	87,348	73,060	93,338	83,812	130,313	166,908	235,471	285,473	300,132	228,440	266,939	305,005	272,953	251,849	183,648	95,296	124,061	72,100	70,461	104,250	85,000	98,500
Short Term Debt	66,658	77,000	1,803	18,066	84,292	7,000	58,000	21,000	48,581	5,537	20,000	5,567	4,950	18,413	39,229	48,547	40,678	49,258	34,734	34,178	37,763	43,635	58,064	94,691	89,036	12,100	0	0	0	0
Short Term Investments	415,755	498,033	517,679	349,332	346,723	363,273	356,908	395,077	420,290	516,807	482,658	472,577	481,685	443,956	396,288	419,688	432,755	356,665	5,524	4,108	1,233	715	1,981	2,186	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
Total Assets	2,518,368	2,454,307	2,327,648	2,239,100	1,654,145	1,290,893	1,276,959	1,242,292	1,223,417	1,241,963	1,237,695	1,286,907	1,323,735	1,316,588	1,321,795	1,281,637	1,283,746	1,127,368	1,162,954	1,123,002	1,066,901	1,018,768	866,999	719,335	705,898	646,300	615,353	610,192	585,987	546,478
Total Current Assets	66,496	561,734	629,862	459,482	386,926	900,127	892,665	819,859	775,749	696,906	725,578	783,543	810,868	837,728	887,402	820,488	806,396	744,015	709,246	24,047	20,803	20,860	20,907	18,777	23,129	20,200	19,061	19,379	17,648	16,268
Total Current Liabilities	848,805	102,608	23,628	45,758	96,478	17,985	67,112	28,812	56,633	5,537	26,984	5,567	4,950	18,413	39,229	56,481	45,874	55,980	39,743	42,181	46,540	52,827	63,488	99,441	92,539	18,100	0	0	0	0
Total Liab	2,255,987	2,204,982	2,026,243	1,939,344	1,409,693	1,093,525	1,088,516	1,056,284	1,035,930	1,053,601	1,058,223	1,104,121	1,156,350	1,177,644	1,169,385	1,159,611	1,145,965	997,480	1,030,986	991,417	941,558	902,931	766,812	630,366	629,275	555,700	529,818	538,599	519,010	499,682
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
Total Stockholder Equity	262,381	249,325	301,405	299,756	244,452	197,368	188,443	186,008	187,487	188,362	179,472	182,786	167,385	138,944	152,410	122,026	137,781	129,888	131,968	131,585	125,343	115,837	100,187	88,969	76,623	90,600	85,535	71,593	66,977	46,796
Treasury Stock	0	-12,520	-6,716	-1,369	-4,173	-6,362	-8,348	-10,269	-8,804	-6,744	-3,452	-4,203	-5,106	-4,431	-4,575	-6,061	-4,992	-4,146	-1,944	-2,339	-2,074	-2,067	-1,937	-1,419	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

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Accounts Payable	0	30,715	26,392	26,752	25,608	24,547	21,710	22,525	23,628	27,125	24,034	32,850	27,692	24,734	14,689	11,254	12,186	18,285	13,060	9,986	10,985	10,099	9,706	9,049	9,112	8,288	9,084	7,191	7,812	9,722	8,220	7,742	8,052	8,233	7,578	7,379	7,015	8,234	9,955	10,544	6,984	10,043	8,355	7,841	8,636	1,013,010	1,029,456	1,016,801	1,018,206	995,730	995,361	1,010,001	1,004,348	983,516	968,540	952,471	926,789	896,866	885,944	874,006	7,934	6,053	7,027	6,580	5,196	7,829	7,503	8,779	6,722	5,265	4,781	6,290	5,009	8,928	8,730	6,768	8,003	10,619	5,996	33,113	8,777	11,631	21,631	11,783	9,192	12,546	8,933	5,634	5,424	10,510	7,595	6,954	4,750	6,166	498,951	496,888	3,503	0	0	0	6,000	0	0	0	6,100	8,800	6,000	4,400	3,100	6,900	5,100	4,300	3,600	6,500	3,800	3,000
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-38,437	-59,826	-48,073	-42,797	-49,878	-56,469	-36,002	-20,178	5,026	6,405	9,276	6,959	11,795	11,609	11,711	9,474	3,691	4,460	3,432	-641	-4,170	-8,368	-6,339	-5,538	-1,507	374	520	-475	-898	5,430	6,894	5,396	2,528	6,122	4,086	7,666	5,360	4,037	5,416	2,542	-993	2,368	2,680	9,071	11,003	180,146	11,519	10,852	10,160	161,210	4,986	1,158	-1,601	4,162	-251	-968	-891	57	-17,915	-24,069	-23,262	-23,333	-16,285	-13,533	-5,542	-3,372	-1,910	134	2,408	1,281	-119	2,292	4,648	5,436	8,379	5,826	10,489	10,167	4,007	14,491	14,147	11,408	14,590	12,973	13,736	13,110	9,197	2,873	6,636	7,930	3,719	4,394	1,101	-6,504	-9,902	-9,304	-7,447	-2,100	3,000	9,000	13,900	12,300	14,100	13,200	13,300	10,500	7,200	3,000	5,800	3,300	2,300	4,200	7,000	2,700	1,600	-3,400
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	16,030	300,031	296,190	298,365	299,203	295,258	294,621	16,030	16,030	16,030	16,030	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	143,661	143,395	143,950	143,894	143,417	142,991	144,453	144,172	143,817	143,173	143,644	143,286	103,954	103,731	104,519	104,250	103,953	71,963	72,602	72,197	71,947	71,716	72,035	71,818	71,684	71,454	71,730	71,616	71,391	71,212	71,654	71,460	71,258	71,074	71,541	71,442	70,964	70,421	70,105	69,669	69,214	68,640	68,622	68,215	67,817	67,360	67,568	67,322	67,086	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	56,878	52,658	51,762	52,212	55,048	64,044	69,187	114,346	104,948	198,995	208,860	207,145	101,857	174,478	77,642	32,678	35,202	51,443	39,505	44,002	37,487	38,341	51,475	36,860	40,244	32,850	34,643	32,543	32,109	34,070	27,436	41,173	36,061	32,221	35,405	36,430	36,047	55,439	59,948	61,087	44,619	43,247	35,776	45,069	59,836	42,496	69,158	56,498	60,575	55,754	49,392	59,278	46,301	53,225	83,652	77,174	92,065	47,967	51,279	54,250	24,028	23,160	26,202	37,479	31,661	21,853	42,814	23,548	27,159	21,373	42,084	21,462	26,446	31,833	16,653	13,285	18,953	14,282	15,334	14,149	15,171	18,458	21,433	21,573	14,900	17,989	15,637	13,003	16,036	31,374	12,816	15,911	13,824	11,164	14,460	13,704	18,063	15,600	13,800	14,000	16,100	12,300	17,000	15,100	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	-56,878	481,796	497,457	525,026	553,081	552,024	596,024	647,259	622,627	636,852	600,741	573,521	451,189	515,023	409,830	375,094	381,925	414,910	402,970	401,648	400,760	397,047	399,519	377,993	397,152	397,936	399,396	409,462	427,186	443,870	444,641	454,779	456,351	493,934	532,516	564,244	552,854	563,692	572,696	545,101	527,277	518,897	505,844	504,924	532,413	42,496	49,343	56,498	60,575	55,754	49,392	59,278	46,301	53,225	83,652	77,174	92,065	47,967	51,279	54,250	24,028	23,160	26,202	37,479	31,661	21,853	42,814	23,548	27,159	21,373	42,084	21,462	26,446	31,833	16,653	13,285	18,953	14,282	15,334	14,149	15,171	18,458	21,433	21,573	14,900	17,989	15,637	13,003	16,036	31,374	12,816	15,911	13,824	11,164	14,460	13,704	18,063	15,600	13,800	14,000	16,100	12,300	17,000	15,100	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock	16,030	300,031	296,190	298,365	299,203	295,258	294,621	296,386	296,379	292,997	294,857	293,097	287,961	284,707	244,080	13,935	240,761	238,479	236,284	202,768	201,538	198,355	195,518	191,920	189,950	190,639	189,339	187,825	186,906	185,173	183,636	182,914	184,959	183,978	182,887	181,437	183,002	182,837	183,757	182,220	180,465	178,838	176,681	174,137	171,783	12,507	165,008	161,240	12,461	12,447	12,433	12,420	12,408	12,397	134,229	130,661	12,374	9,399	9,284	9,284	9,284	9,284	9,284	9,284	9,193	9,193	9,193	8,556	8,472	8,472	8,472	8,472	8,389	8,389	8,389	8,390	8,307	8,307	8,307	8,307	8,226	8,226	8,226	5,484	5,431	5,432	5,432	5,432	5,378	5,378	5,378	5,378	5,325	5,325	5,325	5,325	5,272	5,300	5,300	5,300	5,200	5,200	5,200	5,200	5,200	5,200	5,200	5,200	5,100	5,100	5,100	5,100	5,100	5,100	5,100	5,100
Common Stock Shares Outstanding	15,175	15,155	15,232	15,411	15,377	15,367	15,445	15,649	15,636	15,710	15,875	15,854	15,801	15,780	13,712	13,699	13,664	13,647	13,623	12,334	12,289	12,272	12,190	12,089	12,081	12,238	12,059	12,200	12,143	12,044	12,018	12,108	12,204	12,220	12,223	12,289	12,325	12,420	12,459	12,445	12,416	12,397	12,369	12,349	12,274	12,271	12,243	12,246	12,207	12,154	12,180	12,178	12,175	12,137	12,125	12,114	12,114	9,006	8,974	8,956	8,956	8,986	8,978	8,903	8,903	9,085	8,799	8,394	8,376	8,512	8,555	8,503	8,464	8,535	8,610	8,599	8,442	8,477	8,479	8,500	8,441	8,483	8,468	12,669	12,624	8,442	8,440	8,441	8,426	13,684	13,717	13,596	8,453	13,740	8,457	8,459	8,455	8,374	8,374	8,374	8,374	8,290	8,290	8,309	8,510	8,490	8,480	8,480	8,470	8,470	8,470	8,470	8,470	8,470	8,470	8,470
Common Stock Total Equity	0	0	16,030	16,030	16,030	16,030	16,030	16,030	16,030	16,030	294,857	16,013	15,983	15,983	13,935	13,935	13,935	13,935	13,935	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,655	12,636	12,616	12,596	12,579	12,561	12,543	12,525	12,507	12,490	12,474	12,461	12,447	12,433	12,420	12,408	12,397	12,384	12,374	12,374	9,399	9,284	9,284	9,284	9,284	9,284	9,284	9,193	9,193	9,193	8,556	8,472	8,472	8,472	8,472	8,389	8,389	8,389	8,390	8,307	8,307	8,307	8,307	8,226	8,226	8,226	5,484	5,431	5,432	5,432	5,432	5,378	5,378	5,378	5,378	5,325	5,325	5,325	5,325	5,272	5,300	5,300	5,300	5,200	5,200	5,200	5,200	5,200	5,200	5,200	5,200	5,100	5,100	5,100	5,100	5,100	5,100	5,100	5,100
Current Deferred Revenue	0	0	0	0	0	0	-552,946	20,168	21,825	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	14	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	359,623	366,004	390,492	384,384	381,943	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	52,505	-49	-50	52,505	52,505	52,505	52,505	52,505	52,505	52,505	52,505	52,505	52,505	52,526	28,388	28,388	28,388	28,618	30,013	11,949	11,942	11,951	11,952	11,953	11,942	11,956	11,957	11,958	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	11,942	12,014	12,014	12,014	12,032	12,032	12,072	12,067	2,809	2,809	2,919	3,319	3,321	3,383	3,470	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	2,469	55,125	55,228	2,775	2,877	2,987	3,097	3,206	3,316	3,450	3,583	3,717	3,851	4,059	1,123	1,185	1,247	1,321	30,013	11,949	9	11,951	11,952	11,953	12	11,956	11,957	11,958	17	21	24	27	30	36	41	47	52	61	70	78	87	100	113	125	138	12,098	12,117	12,135	212	12,182	12,211	12,239	326	12,312	12,356	458	502	583	12,607	746	826	964	1,102	1,240	1,378	1,534	1,691	315	336	368	3,319	3,321	3,383	3,470	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	47,738	-71,913	-69,099	-70,281	-63,976	-72,923	-86,282	531	684	1,374	1,332	1,472	1,338	2,369	1,593	1,685	2,886	2,762	3,305	1,875	1,703	2,678	2,897	1,325	2,363	2,087	3,731	2,041	2,322	2,942	2,433	2,110	1,540	1,439	1,415	1,797	1,189	2,306	1,419	1,454	946	1,577	1,615	1,714	3,424	4,685	4,094	3,200	2,174	2,814	1,832	842	5,784	530	863	669	873	1,408	922	1,057	298	312	202	196	258	386	215	388	264	276	654	317	194	153	166	653	497	552	53	53	101	78	79	52	56	164	407	318	179	339	299	372	316	0	219	389	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	2,518,368	2,483,949	2,470,780	2,429,872	2,454,307	2,400,180	2,410,718	2,330,371	2,327,648	2,354,896	2,339,063	2,333,595	2,239,100	2,352,793	1,745,466	1,629,445	1,654,145	1,642,587	1,609,685	1,290,000	1,290,893	1,285,439	1,284,007	1,258,116	1,276,959	1,259,921	1,243,401	1,233,924	1,242,292	1,245,333	1,231,018	1,216,544	1,223,417	1,232,531	1,255,722	1,251,958	1,241,963	1,256,533	1,256,205	1,235,139	1,237,695	1,232,952	1,228,344	1,240,321	1,286,907	1,310,009	1,327,527	1,316,764	1,323,735	1,312,054	1,309,650	1,316,209	1,316,588	1,308,108	1,338,699	1,347,364	1,321,795	1,283,378	1,296,983	1,304,924	1,281,637	1,288,897	1,287,061	1,280,297	1,283,746	1,195,031	1,224,983	1,120,959	1,127,368	1,125,287	1,123,707	1,160,644	1,162,954	1,183,599	1,133,701	1,129,661	1,123,002	1,135,433	1,119,139	1,121,127	1,066,901	1,050,010	1,059,335	1,024,687	1,018,768	984,812	947,435	922,925	866,999	837,276	809,169	781,256	719,335	704,051	700,262	704,151	705,898	711,300	686,500	665,900	646,300	632,800	626,500	618,300	615,300	616,400	606,900	605,700	610,200	612,000	607,800	607,700	586,000	588,500	575,900	557,100
Long Term Debt	145,724	188,032	186,153	231,512	181,781	97,249	166,119	70,686	77,555	88,228	94,087	16,534	16,553	16,572	6,500	6,500	6,500	7,000	7,000	32,844	35,915	32,985	27,054	18,122	9,189	31,256	38,321	38,388	38,454	38,538	38,615	38,692	38,767	62,842	62,916	72,988	73,060	73,131	73,201	73,270	73,338	73,405	73,472	76,661	83,812	89,954	110,038	115,202	125,363	128,024	133,182	138,340	148,495	158,654	173,831	196,032	196,242	216,451	221,658	236,453	236,926	249,395	256,860	255,073	259,454	169,417	167,704	151,302	179,182	168,470	180,889	195,089	232,205	246,499	254,599	257,394	270,827	279,091	279,353	257,184	235,190	216,696	215,202	221,208	208,214	180,720	180,726	185,731	125,584	105,590	70,595	60,600	605	15,610	25,615	25,620	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	39,459	39,415	39,372	39,329	39,286	47,748	47,710	47,673	47,637	16,534	16,553	16,572	6,500	6,500	6,500	7,000	7,000	32,844	35,915	32,985	27,054	18,122	9,189	31,256	38,321	38,388	38,454	38,538	38,615	38,692	38,767	62,842	62,916	72,988	73,060	73,131	73,201	73,270	73,338	73,405	73,472	76,661	83,812	89,954	110,038	115,202	125,363	128,024	133,182	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	415,755	429,138	445,695	472,814	498,033	487,980	526,837	532,913	517,679	437,857	391,881	1,977,215	1,991,391	2,030,658	1,570,159	1,504,330	1,524,877	1,500,737	1,478,385	1,179,052	1,185,708	1,177,253	1,162,079	1,153,557	811,670	796,576	776,573	757,244	747,467	738,409	724,131	698,370	701,039	676,462	660,585	625,232	627,117	625,924	618,160	621,429	639,786	645,568	651,952	664,195	681,334	695,284	701,333	695,161	705,407	702,846	710,619	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	158,451	135,374	134,391	179,300	203,733	33,205	185,432	-43,660	-27,393	-110,767	-114,773	-130,381	-12,630	-16,562	13,962	81,966	107,717	31,271	30,069	-11,158	5,428	-2,356	-12,421	2,262	26,945	1,406	7,678	20,345	27,345	12,738	31,220	16,330	51,287	35,121	42,511	36,558	37,013	17,692	13,253	12,183	48,719	30,158	49,696	31,592	23,976	67,115	45,122	62,734	69,738	91,504	104,133	95,130	120,607	123,831	118,311	155,301	143,406	201,537	209,769	223,972	261,445	278,885	272,817	259,489	268,471	195,443	159,894	186,721	201,281	210,576	189,755	248,141	240,493	256,471	288,508	294,276	286,052	306,870	304,772	290,917	257,782	243,405	234,526	222,248	236,949	201,414	200,831	210,613	167,612	148,127	143,341	132,074	81,472	101,734	102,935	111,040	105,998	119,700	99,800	75,900	56,000	38,400	33,700	35,600	80,500	87,500	84,500	97,200	104,300	106,700	106,700	103,800	85,000	94,700	99,500	94,500
Net Invested Capital	471,766	428,237	434,270	487,080	431,106	336,038	424,738	346,894	378,960	387,630	398,220	376,820	388,983	454,232	347,395	365,872	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,140	9,311	8,439	8,805	8,653	8,425	7,740	7,507	7,235	7,307	7,293	7,913	8,293	8,296	6,326	5,192	5,001	5,094	5,306	4,270	3,968	4,279	4,042	3,899	4,048	4,027	3,808	3,804	3,963	3,871	3,837	3,900	3,768	3,937	3,875	4,021	3,908	3,964	3,813	3,954	4,146	4,223	4,180	4,567	4,281	4,927	4,556	4,943	4,797	5,144	4,952	5,357	4,960	5,303	5,229	5,627	5,613	5,727	5,606	5,755	5,846	5,846	5,608	5,928	5,714	5,513	5,028	4,900	5,046	4,837	4,890	5,382	5,500	5,371	5,110	5,459	5,094	5,817	6,035	6,167	5,632	5,888	5,832	5,966	5,960	5,806	5,661	5,689	4,871	5,655	5,420	5,159	4,953	5,319	4,957	4,732	5,066	4,700	4,600	4,100	4,100	4,300	4,500	3,800	0	0	0	0	0	0	0	0	0	0	0	0
Net Tangible Assets	0	185,129	192,939	200,288	193,943	183,297	203,017	220,497	245,584	243,447	248,045	243,834	243,400	239,731	226,280	221,655	214,817	213,000	209,703	190,178	185,417	178,036	177,227	174,429	176,489	179,057	177,902	175,392	174,049	178,640	178,564	176,341	175,515	178,122	174,990	177,114	176,368	174,871	177,161	172,742	167,443	169,164	167,306	171,141	170,706	168,048	163,945	159,479	155,231	149,028	141,482	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-782,309	427,291	440,565	431,630	459,126	535,902	493,554	632,241	1,709,837	1,838,683	1,868,349	1,849,389	1,765,128	1,869,865	1,337,543	1,191,985	1,163,160	1,196,361	1,158,564	899,648	882,142	885,918	886,340	858,543	825,553	856,225	838,097	807,618	791,047	790,172	758,247	749,040	719,116	730,561	708,213	690,161	691,369	713,110	710,161	717,353	698,594	722,787	707,757	745,303	777,976	771,930	813,710	795,174	805,918	789,153	791,038	812,742	819,315	820,926	848,522	838,299	848,173	813,603	803,154	803,395	764,007	772,548	772,914	762,197	760,522	750,223	792,978	682,281	688,035	660,840	678,360	624,472	669,503	658,234	-37,529	-38,191	-18,134	-32,581	-25,380	-60,679	-25,737	-32,452	-35,123	-6,857	-31,967	-27,434	-23,377	-24,827	-42,581	-47,392	-74,921	-73,269	-80,664	-86,971	-72,363	-80,688	-69,410	-55,000	-35,200	-11,800	2,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Assets Total	2,451,872	505,481	521,843	549,371	574,989	565,353	604,268	609,793	594,183	514,338	468,589	443,338	428,214	419,637	381,034	391,006	394,507	410,427	410,568	385,220	390,766	386,422	375,961	369,524	384,294	392,408	392,220	404,615	422,433	437,169	444,510	440,951	447,668	489,237	524,931	555,957	545,057	536,658	541,407	513,056	512,117	505,332	500,232	490,381	503,364	518,422	509,575	517,560	512,867	503,667	498,269	487,399	478,860	468,780	462,003	472,569	434,393	436,722	454,465	459,760	461,149	457,646	464,961	469,625	477,350	389,100	389,498	370,932	383,353	395,703	389,616	455,368	453,708	474,632	472,174	482,633	492,243	515,994	519,054	541,830	496,074	494,652	519,429	506,037	523,215	508,238	488,865	490,567	453,513	422,961	433,757	417,410	357,990	361,815	358,814	370,900	368,801	379,400	367,500	354,800	338,600	275,600	242,800	304,600	-100	0	0	0	0	-100	0	0	0	100	100	0
Non Current Liabilities Other	0	0	26,392	26,752	25,608	24,547	21,710	22,525	23,628	27,125	24,034	32,850	27,692	24,734	14,689	11,254	12,186	18,285	13,060	9,986	10,985	10,099	9,706	9,049	9,112	8,288	9,084	7,191	7,812	9,722	8,220	7,742	8,052	8,233	7,578	7,379	7,015	8,234	9,955	10,544	6,984	10,043	8,355	7,841	8,636	7,242	7,729	9,117	7,831	7,856	7,071	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,407,182	188,032	186,153	2,080,908	102,608	24,547	76,077	68,329	75,752	86,353	91,962	67,001	71,161	119,359	79,404	79,444	58,627	65,200	45,273	32,844	35,915	32,985	27,054	18,122	9,189	4,256	11,321	11,388	11,454	11,538	11,615	11,692	11,767	11,842	11,916	12,002	12,060	12,131	12,201	12,270	12,338	12,405	12,472	15,661	15,812	89,954	110,038	115,202	125,363	128,024	133,182	138,340	148,495	158,654	173,831	196,032	196,242	216,451	221,658	236,453	236,926	249,395	256,860	255,073	259,454	169,417	167,704	151,302	179,182	168,470	180,889	195,089	232,205	246,499	254,599	257,394	270,827	279,091	279,353	257,184	235,190	216,696	215,202	221,208	208,214	180,720	180,726	185,731	125,584	105,590	70,595	60,600	605	15,610	25,615	25,620	35,025	60,000	60,000	60,000	60,000	50,700	50,700	50,700	0	0	0	0	0	0	0	0	0	0	0	0
Non Currrent Assets Other	2,322,872	-25,618	-22,592	-18,914	-22,940	-22,327	-16,331	-11,818	-485,592	-5,128	-3,408	-3,530	1,000	-332	910	-684	979	-1,309	-1,195	-1,734	950	-4,181	-3,356	-3,164	494,705	-4,319	-3,942	-4,616	392,198	-1,544	-425	-949	318,378	-762	-1,931	132,164	144,572	-2,673	-1,837	-3,818	200,183	-4,507	-4,631	-1,493	251,669	-2,122	-3,962	-5,003	267,571	-7,927	-10,099	-12,807	-466,918	-13,096	-20,390	-21,957	-422,451	-31,107	-19,889	-447,818	12,840	12,978	13,116	13,272	13,410	13,606	13,758	3,124	3,145	3,287	3,319	3,321	3,383	3,470	-472,174	-482,633	-492,243	-515,994	-519,054	-541,830	-496,074	-494,652	-519,429	-506,037	-523,215	-508,238	-488,865	-490,567	-453,513	-422,961	-433,757	-417,410	-357,990	-361,815	-358,814	-370,900	-368,801	-379,400	-367,500	-354,800	-338,600	-275,600	-242,800	-304,600	-6,700	-6,600	-6,600	-6,500	-6,600	-6,500	-6,600	-6,600	-6,800	-6,600	-6,700	-6,800
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	1,496,672	1,451,480	1,355,475	1,317,584	1,274,378	1,202,686	1,065,812	2,327,648	2,354,896	2,339,063	2,333,595	2,239,100	2,352,793	1,745,466	1,629,445	2,048,652	2,053,014	2,020,253	1,675,220	1,681,659	1,671,861	1,659,968	1,627,640	1,661,253	1,652,329	1,635,621	1,638,539	1,664,725	1,682,502	1,675,528	1,657,495	1,671,085	1,721,768	1,780,653	1,807,915	1,787,020	1,793,191	1,797,612	1,748,195	1,749,812	1,738,284	1,728,576	1,730,702	1,790,271	1,828,431	1,837,102	1,834,324	1,836,602	1,815,721	1,807,919	1,803,608	1,795,448	1,776,888	42	53	1,756,188	1,720,100	-26	1,764,684	1,742,786	1,746,543	1,752,022	1,749,922	1,761,096	1,584,131	1,614,481	1,491,891	1,510,721	1,520,990	1,513,323	1,616,012	1,616,662	1,658,231	639,764	628,284	606,712	599,340	578,716	558,981	550,024	531,012	512,641	491,111	474,693	452,779	437,272	413,666	392,579	377,286	357,176	342,776	342,568	325,753	322,031	314,815	313,968	311,600	300,600	293,000	287,500	340,600	362,200	294,800	615,400	616,400	606,900	605,700	610,200	612,100	607,800	607,700	586,000	588,400	575,800	557,100
Other Current Assets	66,496	62,602	60,660	61,476	63,976	72,923	86,282	7,507	1,103,603	1,196,399	1,262,440	1,308,823	1,351,404	1,409,837	948,276	858,153	872,712	812,156	790,841	498,862	495,399	497,691	504,485	506,700	491,465	465,550	447,977	416,043	388,710	360,423	338,030	316,914	315,630	245,423	194,400	127,736	140,144	152,219	138,289	173,028	194,155	204,500	218,088	240,449	246,849	744,164	764,053	737,763	745,496	747,489	757,037	764,175	786,467	780,800	787,773	791,941	789,724	792,962	785,659	785,159	790,614	802,245	790,290	767,265	769,021	778,565	787,643	721,579	711,810	703,374	687,117	678,432	677,300	671,763	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	782,147	-54,505	-56,892	-26,752	-102,608	-2,457	552,946	-22,525	-23,628	-27,125	-24,034	-31,105	605,517	-22,421	1,381,178	1,249,912	1,252,660	1,294,882	1,284,143	-9,986	1,033,772	1,043,947	1,040,899	1,018,081	1,008,449	1,021,625	997,262	980,251	983,843	991,880	967,951	955,848	935,615	961,112	978,449	-7,379	-7,015	-8,234	-9,955	-10,544	954,516	-10,043	950,769	-7,841	-8,636	1,013,010	1,029,456	1,016,801	1,018,206	995,730	995,361	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Liab	0	30,715	21,679	26,752	17,357	24,547	21,710	22,525	23,628	27,125	19,415	32,850	27,692	16,693	14,377	10,885	10,238	16,158	10,857	8,447	10,843	9,985	9,599	9,049	9,112	8,288	9,084	7,191	7,812	9,722	8,220	7,742	8,052	8,233	7,578	7,393	7,015	8,234	9,955	10,544	6,984	10,043	8,355	7,841	8,636	7,242	7,729	9,117	7,831	7,856	7,071	5,747	6,388	6,454	6,659	6,881	7,125	10,955	13,459	11,550	10,081	8,202	9,175	8,731	7,330	9,963	9,641	10,767	8,691	7,235	6,768	8,279	6,982	10,819	10,619	8,656	9,867	12,402	7,778	34,899	10,540	13,313	23,313	13,464	10,778	14,132	10,413	7,100	6,890	11,871	8,960	8,320	6,103	7,415	6,444	5,279	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	127,760	-157,044	-153,725	-151,990	-151,743	-148,304	-148,187	-145,073	137,737	137,252	142,071	142,908	142,275	141,500	101,484	100,875	100,346	99,821	99,237	66,958	66,240	65,417	64,851	64,312	63,687	63,148	62,618	62,064	61,461	60,854	60,304	60,358	62,850	62,803	62,810	62,581	64,797	65,838	67,845	67,293	66,653	66,207	65,701	65,097	64,419	64,002	63,562	63,051	62,462	62,194	62,372	62,581	62,217	62,043	-57,862	-56,123	62,151	42,110	40,039	39,564	38,247	38,400	38,615	38,733	37,502	37,503	37,866	24,528	22,931	22,904	24,500	24,722	23,020	22,946	22,748	22,718	20,117	20,119	20,054	20,584	18,030	17,974	17,952	20,594	19,086	32,184	28,253	22,106	24,457	25,752	21,541	22,602	18,438	10,797	7,399	8,147	8,465	13,800	18,800	24,900	27,900	26,300	28,200	27,700	12,800	12,800	12,800	12,800	11,500	11,600	11,600	11,600	10,500	10,600	10,600	10,500
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	25,833	25,791	25,749	25,706	25,664	25,622	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	51,387	0	0	0	52,373	0	0	0	0	0	20,620	20,740	21,526	21,504	18,332	18,023	17,170	16,038	16,114	14,663	14,592	14,824	15,017	15,482	15,432	15,366	15,510	15,738	15,397	15,406	15,339	15,376	15,406	15,546	15,837	16,154	16,256	16,402	16,647	17,022	17,430	17,640	18,109	18,459	18,707	19,010	19,090	18,761	19,028	19,372	21,844	22,186	22,636	23,076	23,401	23,872	24,316	24,784	25,118	25,554	25,909	26,500	27,079	27,360	27,796	28,259	28,531	23,087	23,129	23,518	23,306	23,652	22,605	21,679	18,459	17,130	16,725	15,985	14,909	14,397	12,482	12,023	10,532	10,414	10,333	10,254	10,218	10,538	9,967	9,679	9,694	9,237	9,332	9,091	8,485	8,442	7,992	7,900	8,000	7,500	7,400	7,200	6,700	6,700	6,700	6,600	6,600	6,500	6,600	6,500	6,600	6,600	6,800	6,600	6,700	6,800
Property Plant And Equipment Net	25,202	21,267	20,970	21,277	21,574	21,881	21,829	21,169	20,683	20,526	20,620	20,740	21,526	21,504	18,332	18,023	17,170	16,038	16,114	14,663	14,592	14,824	15,017	15,482	15,432	15,366	15,510	15,738	15,397	15,406	15,339	15,376	15,406	15,546	15,837	16,154	16,256	16,402	16,647	17,022	17,430	17,640	18,109	18,459	18,707	19,010	19,090	18,761	19,028	19,372	21,844	22,186	22,636	23,076	23,401	23,872	24,316	24,784	25,118	25,554	25,909	26,500	27,079	27,360	27,796	28,259	28,531	23,087	23,129	23,518	23,306	23,652	22,605	21,679	18,459	17,130	16,725	15,985	14,909	14,397	12,482	12,023	10,532	10,414	10,333	10,254	10,218	10,538	9,967	9,679	9,694	9,237	9,332	9,091	8,485	8,442	7,992	7,900	8,000	7,500	7,400	7,200	6,700	6,700	6,700	6,600	6,600	6,500	6,600	6,500	6,600	6,600	6,800	6,600	6,700	6,800
Property Plant Equipment	0	21,267	20,970	21,277	21,574	21,881	21,829	21,169	20,683	20,526	20,620	20,740	21,526	21,504	18,332	18,023	17,170	16,038	16,114	14,663	14,592	14,824	15,017	15,482	15,432	15,366	15,510	15,738	15,397	15,406	15,339	15,376	15,406	15,546	15,837	16,154	16,256	16,402	16,647	17,022	17,430	17,640	18,109	18,459	18,707	19,010	19,090	18,761	19,028	19,372	21,844	22,186	22,636	23,076	23,401	23,872	24,316	24,784	25,118	25,554	25,909	26,500	27,079	27,360	27,796	28,259	28,531	23,087	23,129	23,518	23,306	23,652	22,605	21,679	18,459	17,130	16,725	15,985	14,909	14,397	12,482	12,023	10,532	10,414	10,333	10,254	10,218	10,220	9,967	9,679	9,694	9,237	9,332	9,091	8,485	8,442	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	157,028	157,044	153,725	151,990	151,743	148,304	148,187	145,073	142,612	139,715	136,756	134,176	129,703	127,224	128,661	126,944	126,480	124,723	123,112	123,155	122,643	120,283	118,012	114,953	113,608	114,836	114,066	113,106	112,790	111,664	110,677	109,901	109,454	108,520	107,422	106,201	105,550	104,344	103,276	102,311	101,216	100,052	98,419	96,497	94,839	91,811	88,956	85,715	82,302	78,085	73,902	69,894	65,920	62,480	59,546	56,123	53,027	48,781	79,486	90,745	97,757	97,723	98,860	97,230	96,628	97,059	96,344	96,547	96,077	97,074	95,773	94,562	95,911	94,697	93,300	91,891	92,672	90,411	88,789	86,860	84,940	84,498	82,219	79,994	77,584	77,182	75,023	72,698	70,352	69,977	67,929	66,105	65,206	65,333	64,748	63,768	62,886	62,500	60,700	59,000	57,500	58,100	56,600	54,200	54,200	52,800	51,300	49,700	49,200	47,800	46,300	44,700	44,400	42,800	41,500	40,700
Retained Earnings Total Equity	0	0	153,725	151,990	151,743	148,304	148,187	145,073	142,612	139,715	136,756	134,176	129,703	127,224	128,661	126,944	126,480	124,723	123,112	123,155	122,643	120,283	118,012	114,953	113,608	114,836	114,066	113,106	112,790	111,664	110,677	109,901	109,454	108,520	107,422	106,201	105,550	104,344	103,276	102,311	101,216	100,052	98,419	96,497	94,839	91,811	88,956	85,715	82,302	78,085	73,902	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	63,661	23,790	30,500	91,000	77,000	0	88,500	0	0	0	0	8,018	18,066	38,557	12,200	35,200	84,292	17,514	27,493	0	32,000	32,000	23,000	14,000	6,000	38,995	47,196	20,744	37,004	14,590	25,702	0	57	0	0	0	78,597	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	215,329	188,032	186,153	231,512	258,781	97,249	254,619	70,686	77,555	88,228	94,087	76,764	89,227	157,916	91,604	114,644	142,919	82,714	69,574	32,844	42,915	35,985	39,054	39,122	67,189	34,256	42,321	52,888	59,454	46,808	58,656	57,503	87,348	67,342	77,916	72,988	73,060	73,131	73,201	73,270	93,338	73,405	85,472	76,661	83,812	109,611	114,280	119,232	130,313	147,258	153,525	154,408	166,908	177,056	201,963	232,475	235,471	249,504	261,048	278,222	285,473	302,045	299,019	296,968	300,132	217,296	202,708	210,269	228,440	231,949	231,839	269,603	266,939	288,304	305,161	307,561	305,005	321,152	320,106	305,066	272,953	261,863	255,959	243,821	251,849	219,403	216,468	223,616	183,648	179,501	156,157	147,985	95,296	112,898	117,395	124,744	124,061	135,300	113,600	89,900	72,100	50,700	50,700	50,700	80,500	87,500	84,500	97,200	104,300	106,700	106,700	103,800	85,000	94,700	99,500	94,500
Short Term Debt	66,658	23,790	30,500	93,396	77,000	2,457	88,500	2,357	1,803	1,875	2,125	8,018	18,066	38,557	12,200	35,200	84,292	17,514	27,493	5,132	7,000	3,000	12,000	21,000	58,000	3,000	4,000	14,500	21,000	8,270	20,041	18,811	48,581	4,500	15,000	5,840	5,537	6,765	4,637	4,730	20,000	4,833	12,000	4,637	5,567	19,657	4,242	4,030	4,950	19,234	20,343	16,068	18,413	18,402	28,132	36,443	39,229	33,053	39,390	41,769	48,547	52,650	42,159	41,895	40,678	47,879	35,004	58,967	49,258	63,479	50,950	74,514	34,734	41,805	50,562	50,167	34,178	42,061	40,753	47,882	37,763	45,167	40,757	22,613	43,635	38,683	35,742	37,885	58,064	73,911	85,562	87,385	94,691	97,288	91,780	99,124	89,036	75,300	53,600	29,900	12,100	0	0	0	80,500	87,500	84,500	97,200	104,300	106,700	106,700	103,800	85,000	94,700	99,500	94,500
Short Term Investments	415,755	429,138	445,695	472,814	498,033	487,980	526,837	532,913	517,679	437,857	391,881	366,376	349,332	340,545	332,188	342,416	346,723	363,467	363,465	357,646	363,273	358,706	348,044	341,133	356,908	365,086	364,753	376,919	395,077	409,800	417,205	413,606	420,290	461,713	497,111	527,814	516,807	508,253	512,748	484,014	482,658	475,650	470,068	459,855	472,577	487,314	478,368	486,664	481,685	472,113	464,214	452,974	29,461	433,392	426,246	436,297	73,818	399,112	415,791	418,428	5,923	417,761	422,589	423,235	9,769	344,310	344,283	342,780	8,483	368,481	0	0	5,524	0	0	0	4,108	0	0	0	1,233	0	0	0	715	0	0	0	1,981	0	0	0	2,186	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	2,518,368	2,483,949	2,470,780	2,429,872	2,454,307	2,400,180	2,410,718	2,330,371	2,327,648	2,354,896	2,339,063	2,333,595	2,239,100	2,352,793	1,745,466	1,629,445	1,654,145	1,642,587	1,609,685	1,290,000	1,290,893	1,285,439	1,284,007	1,258,116	1,276,959	1,259,921	1,243,401	1,233,924	1,242,292	1,245,333	1,231,018	1,216,544	1,223,417	1,232,531	1,255,722	1,251,958	1,241,963	1,256,533	1,256,205	1,235,139	1,237,695	1,232,952	1,228,344	1,240,321	1,286,907	1,310,009	1,327,527	1,316,764	1,323,735	1,312,054	1,309,650	1,316,209	1,316,588	1,308,108	1,338,699	1,347,364	1,321,795	1,283,378	1,296,983	1,304,924	1,281,637	1,288,897	1,287,061	1,280,297	1,283,746	1,195,031	1,224,983	1,120,959	1,127,368	1,125,287	1,123,707	1,160,644	1,162,954	1,183,599	1,133,701	1,129,661	1,123,002	1,135,433	1,119,139	1,121,127	1,066,901	1,050,010	1,059,335	1,024,687	1,018,768	984,812	947,435	922,925	866,999	837,276	809,169	781,256	719,335	704,051	700,262	704,151	705,898	711,300	686,500	665,900	646,300	632,800	626,500	618,300	615,300	616,400	606,900	605,700	610,200	612,000	607,800	607,700	586,000	588,500	575,900	557,100
Total Current Assets	66,496	481,796	497,457	525,026	561,734	560,449	603,764	654,766	1,733,465	1,840,558	1,870,474	1,890,257	1,810,886	1,933,156	1,364,432	1,238,439	1,259,638	1,232,160	1,199,117	904,780	900,127	899,017	908,046	888,592	892,665	867,513	851,181	829,309	819,859	808,164	786,508	775,593	775,749	743,294	730,791	696,001	696,906	719,875	714,798	722,083	725,578	727,620	728,112	749,940	783,543	791,587	817,952	799,204	810,868	808,387	811,381	828,810	837,728	839,328	876,654	874,742	887,402	846,656	842,544	845,164	820,488	831,251	822,100	810,672	806,396	805,931	835,485	750,027	744,015	729,584	734,091	705,276	709,246	708,967	21,763	18,744	24,047	20,099	21,369	20,316	20,803	24,346	27,265	27,539	20,860	23,795	21,298	18,692	20,907	37,029	18,236	21,070	18,777	16,483	19,417	18,436	23,129	20,300	18,400	18,100	20,200	16,600	21,500	18,900	0	0	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities	848,805	54,505	56,892	93,396	102,608	24,547	110,210	22,525	23,628	1,875	2,125	40,868	45,758	63,291	26,889	46,454	96,478	35,799	40,553	5,132	17,985	13,099	21,706	30,049	67,112	11,288	13,084	21,691	28,812	17,992	28,261	26,553	56,633	12,733	22,578	5,840	5,537	6,765	4,637	4,730	26,984	4,833	20,355	4,637	5,567	19,657	4,242	4,030	4,950	19,234	20,343	16,068	18,413	18,402	28,132	36,443	39,229	33,053	39,390	41,769	56,481	58,703	49,186	48,475	45,874	55,708	42,507	67,746	55,980	68,744	55,731	80,804	39,743	50,733	59,292	56,935	42,181	52,680	46,749	80,995	46,540	56,798	62,388	34,396	52,827	51,229	44,675	43,519	63,488	84,421	93,157	94,339	99,441	103,454	91,780	99,124	92,539	75,300	53,600	29,900	18,100	0	0	0	86,600	96,300	90,500	101,600	107,400	113,600	111,800	108,100	88,600	101,200	103,300	97,500
Total Liab	2,255,987	188,032	186,153	2,174,304	2,204,982	2,161,391	2,152,099	2,054,163	2,026,243	2,055,494	2,034,930	2,033,539	1,939,344	2,056,477	1,489,675	1,378,217	1,409,693	1,399,648	1,369,969	1,087,873	1,093,525	1,095,452	1,094,828	1,071,734	1,088,516	1,068,908	1,053,542	1,046,574	1,056,284	1,054,730	1,040,488	1,028,234	1,035,930	1,042,431	1,068,749	1,062,855	1,053,601	1,069,659	1,067,032	1,050,377	1,058,223	1,051,746	1,048,983	1,057,113	1,104,121	1,129,863	1,151,465	1,145,150	1,156,350	1,150,844	1,155,957	1,170,156	1,177,644	1,167,026	1,177,204	1,191,880	1,169,385	1,157,325	1,160,425	1,163,778	1,159,611	1,166,823	1,156,587	1,148,583	1,145,965	1,054,648	1,083,490	991,194	997,480	995,556	995,081	1,030,596	1,030,986	1,052,131	1,000,885	1,000,836	991,417	1,006,429	997,982	990,885	941,558	927,904	936,348	905,642	902,931	870,014	838,727	822,689	766,812	736,169	714,321	687,171	630,366	622,596	622,790	626,911	629,275	629,700	601,700	576,700	555,700	543,200	536,500	531,200	529,800	535,100	530,400	535,000	538,600	544,200	542,500	542,100	519,000	527,300	517,100	504,200
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	262,381	240,205	248,117	255,568	249,325	238,789	258,619	276,208	301,405	299,402	304,133	300,056	299,756	296,316	255,791	251,228	244,452	242,939	239,716	202,127	197,368	189,987	189,179	186,382	188,443	191,013	189,859	187,350	186,008	190,603	190,530	188,310	187,487	190,100	186,973	189,103	188,362	186,874	189,173	184,762	179,472	181,206	179,361	183,208	182,786	180,146	176,062	171,614	167,385	161,210	153,693	146,053	138,944	141,082	161,495	155,484	152,410	126,053	136,558	141,146	122,026	122,074	130,474	131,714	137,781	140,383	141,493	129,765	129,888	129,731	128,626	130,048	131,968	131,468	132,816	128,825	131,585	129,004	121,157	130,242	125,343	122,106	122,987	119,045	115,837	114,798	108,708	100,236	100,187	101,107	94,848	94,085	88,969	81,455	77,472	77,240	76,623	81,600	84,800	89,200	90,600	89,600	90,000	87,100	85,500	81,300	76,500	70,700	71,600	67,800	65,300	65,600	67,000	61,200	58,800	52,900
Treasury Stock	0	0	-17,226	-13,050	-12,520	-12,970	-13,013	-7,708	-6,716	-6,920	-1,746	-265	-1,369	-1,786	-2,470	-2,856	-4,173	-4,429	-4,716	-5,005	-6,362	-6,780	-7,096	-7,404	-8,348	-8,670	-9,066	-9,390	-10,269	-10,762	-11,087	-10,854	-8,804	-8,657	-8,448	-8,493	-6,744	-5,604	-3,119	-3,128	-3,452	-3,462	-3,513	-3,543	-4,203	-4,213	-4,255	-4,309	-5,106	-5,128	-4,714	-4,158	-4,431	-4,431	-4,431	-4,429	-4,575	-5,056	-5,331	-5,626	-6,061	-5,815	-5,570	-5,350	-4,992	-4,992	-4,635	-4,381	-4,146	-4,161	-2,559	-2,331	-1,944	-1,947	-2,019	-2,037	-2,339	-2,338	-2,377	-1,838	-2,074	-2,107	-2,120	-2,179	-2,067	-2,075	-2,085	-1,900	-1,937	-1,937	-1,937	-1,549	-1,419	-1,440	-1,440	-1,440	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Begin Period Cash Flow	47,698	95,848	96,017	31,122	32,827	37,004	28,621	33,313	31,619	38,591	55,016	56,815	46,301	92,065	24,028	31,661	27,159	26,446	18,953	15,171	14,900	16,036	13,824	18,063	16,128	14,300	14,975	13,590	12,407	13,122
Capital Expenditures	32,265	3,288	1,864	3,137	2,870	1,167	1,697	1,580	1,039	801	801	1,622	998	707	1,253	998	2,416	3,270	6,712	5,830	3,360	1,712	1,935	2,426	1,547	1,500	834	582	637	2,113
Cash And Cash Equivalents Changes	0	-48,150	-169	64,895	-1,705	-4,177	8,383	-4,692	1,694	-6,972	-16,425	-1,799	10,514	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-3,453	-724	-2,652	1,588	-1,570	33	157	-1,768	1,368	3,202	-3,774	-211	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	5,080	-48,150	-169	64,895	-1,705	-4,177	8,383	-4,692	1,694	-6,972	-16,425	-1,799	10,514	-45,764	68,037	-7,633	4,502	713	7,493	3,782	271	-1,136	2,212	-4,239	1,935	1,800	-722	1,385	1,183	-715
Change In Working Capital	2,761	-4,666	-177	-687	-1,282	1,150	338	-1,008	-888	929	2,156	-824	4,672	10,367	-16,091	-95	-878	186	-661	-346	323	-289	453	1,159	-279	1,400	0	0	0	0
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	3,580	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-1,400	-3,532	186	-2,645	1,188	-413	-595	-410	-1,697	1,395	3,234	-1,043	3,580	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	2,703	0	0	0	0	0	0	919	278	637	4,009	0	5,176	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	-589	210	2,473	-2,068	1,957	1,312	-216	1,195	-90	-679	674	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	6,874	470	2,190	347	694	1,799	-539	316	540	5,393	4,356	7,151	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-1,134	-363	1,958	-2,470	1,563	933	-598	809	-439	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	2,559	2,389	2,130	1,981	1,749	1,754	1,639	1,602	1,910	1,975	2,226	2,110	2,191	2,527	3,140	3,437	3,292	2,775	2,477	1,672	1,313	1,050	1,322	-1,405	-866	400	723	764	735	627
Dividends Paid	-15,569	15,865	15,976	14,469	14,041	11,746	11,145	11,112	11,245	11,392	10,916	9,061	6,227	5,249	8,415	7,678	8,248	7,945	7,558	7,139	6,674	6,038	5,441	4,986	4,639	4,200	3,744	3,458	3,226	3,022
End Period Cash Flow	52,778	47,698	95,848	96,017	31,122	32,827	37,004	28,621	33,313	31,619	38,591	55,016	56,815	46,301	92,065	24,028	31,661	27,159	26,446	18,953	15,171	14,900	16,036	13,824	18,063	16,100	14,253	14,975	13,590	12,407
Exchange Rate Changes	0	0	0	0	0	0	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	807	31,311	32,980	21,647	19,591	24,725	17,677	16,930	18,647	21,480	29,771	26,030	36,466	34,339	11,715	17,119	7,530	6,861	7,403	9,077	11,230	10,884	7,361	4,981	6,977	9,100	9,987	10,418	8,449	7,067
Investments	-53,202	-245,854	-106,838	12,731	14,441	-26,840	-30,786	-29,803	14,959	-10,232	9,384	34,422	-1,699	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	160	212	131	198	189	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	104,304	-13,149	-128,909	-27,980	-22,187	6,326	-27,634	11,093	-18,126	6,321	-43,267	-36,595	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	23,962	26,618	30,554	19,222	19,504	22,013	13,434	15,762	16,471	17,086	18,594	22,705	23,368	19,055	-39,335	10,059	10,424	11,986	12,984	14,863	16,257	14,959	12,052	8,476	11,485	11,100	10,107	9,255	7,866	7,494
Other Cashflows From Financing Activities	106,793	200,948	144,481	112,832	43,678	9,410	68,197	21,082	15,744	-4,218	124	118	13,906	50,739	145	61,193	132,711	41,829	62,041	98,960	76,412	167,091	135,159	34,154	100,928	65,300	-4,850	55,009	25,289	11,817
Other Cashflows From Investing Activities	0	14,454	4,807	86,986	11,097	6,359	1,578	1,984	4,489	1,547	297	1,836	5,614	2,611	1,564	462	905	3,629	822	202	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	1,482	9,398	2,504	3,579	1,520	307	1,180	1,728	1,508	472	5,061	-666	2,992	-3,341	83,351	6,569	-3,126	-4,611	1,883	1,508	1,626	87	-2,262	617	804	600	-19	1,196	585	796
Sale Purchase Of Stock	-6,784	-9,349	-7,586	-163	-189	189	127	-3,723	-4,415	-4,002	-33,772	-11,489	-1,022	0	89,115	0	0	0	0	0	0	0	0	0	0	0	27,019	0	0	0
Stock Based Compensation	1,472	1,260	1,214	1,050	798	855	628	582	606	565	696	567	423	67	286	294	255	106	-1,928	-2,886	-4,904	-2,927	-1,920	-1,377	-3,043	-3,000	0	0	0	0
Total Cash From Financing Activities	24,734	151,939	68,882	-56,469	-46,834	-8,421	19,914	6,197	-36,401	-19,767	-55,877	-64,087	-29,867	-22,933	55,697	1,512	17,128	-45,239	-2,302	43,346	32,214	126,030	129,697	-5,252	71,270	21,300	-15,577	16,555	13,563	-6,205
Total Cash From Operating Activities	33,072	34,599	34,844	24,784	22,461	25,892	19,374	18,510	19,686	22,281	30,572	27,652	37,464	35,046	12,968	18,117	9,946	10,131	14,115	14,907	14,590	12,596	9,296	7,407	8,524	10,600	10,821	11,000	9,086	9,180
Total Cashflows From Investing Activities	0	-234,688	-103,895	96,580	22,668	-21,648	-30,905	-29,399	18,409	-9,486	8,880	34,636	2,917	0	0	0	0	35,821	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Begin Period Cash Flow	48,308	46,162	46,112	47,698	55,444	60,337	105,246	95,848	190,155	201,020	199,305	96,017	168,148	73,812	28,598	31,122	46,883	34,945	39,442	32,827	36,031	48,705	34,340	37,004	29,610	31,403	29,055	28,621	30,102	23,968	38,425	33,313	27,793	30,977	32,002	31,619	50,131	54,400	55,299	38,591	37,707	30,956	40,249	55,016	37,676	64,438	52,258	56,815	55,754	49,392	59,278	46,301	53,225	83,652	77,174	92,065	47,967	51,279	54,250	24,028	23,160	26,202	37,479	31,661	21,853	42,814	23,548	27,159	21,373	42,084	21,462	26,446	31,833	16,653	13,285	18,953	14,282	15,334	14,149	15,171	18,458	21,433	21,573	14,900	17,989	15,637	13,003	16,036	31,374	12,816	15,911	13,824	11,164	14,460	13,704	18,063	15,600	13,800	14,000	16,100	12,300	17,000	15,100	14,300	0	1,500	810	0	2,430	0	770	770	0	1,150	580	0
Capital Expenditures	30,884	830	275	276	302	825	1,168	993	691	432	502	239	587	465	785	1,300	1,570	375	429	496	205	275	220	467	488	270	194	745	392	468	342	378	306	194	172	367	324	271	116	90	317	61	160	263	194	400	802	226	332	400	180	86	112	260	107	228	211	392	282	368	120	146	449	283	737	155	924	600	272	888	458	1,652	1,540	2,327	1,892	953	1,250	1,484	859	2,237	855	1,716	413	376	371	365	356	620	655	302	768	210	512	884	317	713	147	300	800	300	500	200	600	200	280	250	250	50	260	150	140	30	370	120	20	100
Cash And Cash Equivalents Changes	0	0	50	-1,586	-7,746	-4,893	-44,909	9,398	-94,307	-10,865	1,715	103,288	-72,131	94,336	45,214	-2,524	-15,761	11,938	-4,497	6,615	-3,204	-12,674	14,365	-2,664	7,394	-1,793	2,348	434	-1,481	6,134	-14,457	5,112	5,520	-3,184	-1,025	383	-18,512	-4,269	-899	16,708	884	6,751	-9,293	-14,767	17,340	-26,762	12,180	-4,557	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	744	-558	-2,043	687	-1,162	-935	-162	-551	2,656	-2,667	-558	7,145	-7,192	-2,047	67	1,351	602	-432	-201	192	-2,516	955	-649	1,928	-1,243	-3	-11	884	47	-763	278	-811	522	-1,757	1,262	-59	1,036	-871	-183	696	3,706	-1,017	-558	-2,681	-1,266	731	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,470	2,146	50	-1,586	-7,746	-4,893	-44,909	9,398	-94,307	-10,865	1,715	103,288	-72,131	94,336	45,214	-2,524	-15,761	11,938	-4,497	6,615	-3,204	-12,674	14,365	-2,664	7,394	-1,793	2,348	434	-1,481	6,134	-14,457	5,112	5,520	-3,184	-1,025	383	-18,512	-4,269	-899	16,708	884	6,751	-9,293	-14,767	17,340	-26,762	12,180	-4,557	1,061	6,362	-9,886	12,977	-6,924	-30,427	6,478	-14,891	44,098	-3,312	-2,971	30,222	868	-3,042	-11,277	5,818	9,808	-20,961	19,266	-3,611	5,786	-20,711	20,622	-4,984	-5,387	15,180	3,368	-5,668	4,671	-1,052	1,185	-1,022	-3,287	-2,975	-140	6,673	-3,089	2,352	2,634	-3,033	-15,338	18,558	-3,095	2,087	2,660	-3,296	756	-4,359	2,463	1,800	-200	-2,100	3,800	-4,700	1,900	800	-910	-2,120	1,500	810	-2,570	2,430	-3,020	4,550	770	-1,320	1,150	580
Change In Working Capital	-652	1,313	-343	1,993	-2,347	1,090	-648	-2,761	12	741	519	-1,449	1,724	4,246	-3,868	-2,789	-2,117	2,468	1,325	-2,958	240	882	-150	178	-212	1,381	-109	-722	-604	789	-49	-1,144	103	-248	619	-1,362	53	-919	786	1,009	-3,060	2,305	4,983	-2,072	987	1,014	-625	-2,200	2,504	-1,089	2,705	552	6,017	187	3,314	849	-15,790	6,250	-4,172	-2,379	1,854	-1,430	2,919	-3,438	-261	973	-300	-1,290	1,323	1,109	-2,303	57	-2,047	1,531	1,148	-1,293	-1,652	1,211	429	-334	-2,501	6,810	-5,161	1,175	-2,481	1,790	569	-167	-2,410	669	1,000	1,194	-2,329	1,015	1,079	1,394	-3,279	1,300	400	1,300	-3,300	2,100	700	1,900	2,700	-2,800	-1,600	-1,300	3,800	-1,800	-800	-700	2,900	-2,700	-800	-1,900
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,251	424	-2,941	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-225	-824	500	-851	-1,970	589	-1,188	-963	-109	-466	2,951	-2,190	-1,451	7,891	-7,199	-1,886	293	1,149	395	-649	-551	592	-1,211	757	-802	1,775	-1,397	-171	-105	403	51	-759	333	-805	527	-1,752	1,269	-53	1,043	-864	-176	705	3,714	-1,009	223	1,251	0	0	2,692	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Inventory	2,253	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	588	841	674	0	196	0	99	919	199	255	0	278	362	60	0	637	55	364	32	4,009	2,944	2,636	2,125	0	0	0	0	5,176	4,517	5,354	5,269	0	0	480	46	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-691	2,982	-237	634	677	-1,663	260	1,346	-2,287	891	3,329	-3,486	3,429	-799	-2,304	1,424	1,029	-2,217	890	390	1,159	-482	688	-297	1,382	-461	-403	483	-7	-289	-138	652	194	487	-1,118	-767	-166	1,961	-2,786	1,709	1,368	-970	674	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	656	-228	1,364	5,201	179	130	1,125	476	1,457	-2,339	-459	1,586	-930	1,993	2,069	-237	-1,230	-255	331	-620	181	802	1,671	1,176	-1,535	487	19	-1,074	79	437	-448	435	139	190	429	-1,068	969	210	1,921	29	349	3,094	1,883	3,188	-30	-685	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-843	-843	-377	501	540	-1,798	121	1,207	-2,432	741	3,175	-3,645	3,331	-903	-2,722	1,483	1,030	-2,261	733	322	1,136	-628	933	-394	1,224	64	-598	3	63	0	809	0	0	0	-439	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	620	529	534	570	609	767	506	507	528	521	528	553	552	532	450	447	434	472	418	425	437	467	438	412	400	413	422	404	405	404	382	411	452	489	495	474	479	491	603	402	553	556	560	557	541	524	512	533	473	574	566	578	608	622	641	656	738	808	801	793	849	851	865	872	878	917	834	663	706	719	673	677	700	478	730	569	529	430	240	473	-703	732	650	634	442	-159	379	388	1,956	-95	-217	-322	-377	-360	-931	263	-266	-300	-200	-100	0	-100	100	400	190	180	190	160	190	190	190	190	190	180	190	180
Dividends Paid	-3,866	-3,851	3,901	3,951	3,944	3,938	3,966	4,017	3,996	4,015	4,053	3,912	3,901	3,898	3,342	3,328	3,328	3,327	3,324	4,062	2,949	2,939	2,930	2,928	2,814	2,806	2,789	2,736	2,779	2,776	2,768	2,789	2,804	2,806	2,806	2,829	2,828	2,861	2,856	2,847	2,738	2,730	2,728	2,720	2,601	2,375	2,149	1,936	1,714	1,610	1,502	1,401	1,289	1,364	1,296	1,300	2,193	2,165	2,148	1,909	1,791	1,796	1,940	2,151	2,133	2,137	1,990	1,988	1,971	1,989	1,990	1,995	1,891	1,888	1,889	1,890	1,782	1,782	1,786	1,789	1,683	1,683	1,694	1,614	1,586	1,479	1,481	1,492	1,360	1,362	1,366	1,353	1,250	1,236	1,251	1,249	1,239	1,100	1,200	1,100	1,100	1,100	1,000	1,000	1,010	910	910	910	900	860	850	850	850	790	800	790
End Period Cash Flow	52,778	48,308	46,162	46,112	47,698	55,444	60,337	105,246	95,848	190,155	201,020	199,305	96,017	168,148	73,812	28,598	31,122	46,883	34,945	39,442	32,827	36,031	48,705	34,340	37,004	29,610	31,403	29,055	28,621	30,102	23,968	38,425	33,313	27,793	30,977	32,002	31,619	50,131	54,400	55,299	38,591	37,707	30,956	40,249	55,016	37,676	64,438	52,258	56,815	55,754	49,392	59,278	46,301	53,225	83,652	77,174	92,065	47,967	51,279	54,250	24,028	23,160	26,202	37,479	31,661	21,853	42,814	23,548	27,159	21,373	42,084	21,462	26,446	31,833	16,653	13,285	18,953	14,282	15,334	14,149	15,171	18,458	21,433	21,573	14,900	17,989	15,637	13,003	16,036	31,374	12,816	15,911	13,824	11,164	14,460	13,704	18,063	15,600	13,800	14,000	16,100	12,300	17,000	15,100	-910	-2,120	1,500	810	-2,570	2,430	-3,020	4,550	770	-1,320	1,150	580
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-23,840	7,628	7,519	9,273	7,756	11,699	7,201	4,655	9,018	9,292	9,196	5,474	9,597	8,378	845	2,827	4,615	8,317	4,335	2,324	7,230	5,975	5,657	5,863	3,856	7,169	3,222	3,430	4,281	4,789	4,501	3,359	4,124	5,205	5,976	3,342	5,490	2,927	6,702	6,361	3,821	8,094	11,236	6,620	10,110	7,982	4,757	3,181	9,830	4,101	9,670	12,865	7,913	10,633	9,713	6,080	-1,467	6,908	4,445	1,829	4,292	6,002	5,634	1,191	2,476	4,604	-56	506	3,384	2,776	-411	1,112	1,122	3,016	2,460	805	1,024	3,496	3,716	841	59	9,121	-1,862	3,912	587	4,896	3,341	2,060	-431	3,014	2,403	2,375	-1,573	1,488	2,360	2,706	-1,023	3,000	1,900	3,100	-1,400	4,300	2,100	4,100	-1,740	4,220	3,410	4,100	-1,670	4,530	3,170	4,390	-2,320	4,960	2,990	2,820
Investments	-12,846	-18,967	-57,500	21,828	-56,565	-25,509	-146,102	-17,678	-75,086	-29,004	-30,060	10,812	39,425	11,455	-61,773	23,624	-34,994	-20,434	57,854	12,015	-7,291	-17,035	-12,917	10,403	-12,860	-22,795	-3,392	8,261	-6,811	-8,755	-29,156	14,919	11,949	20,150	-10,644	-6,496	-5,893	-6,412	-22,155	24,228	-9,784	-56	-9,255	28,479	36,661	-9,301	1,355	5,707	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	19	0	0	141	0	135	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-45,394	49,711	84,539	-68,859	95,450	-6,826	-10,596	-5,774	17,456	-14,235	-70,451	-7,413	-23,243	-27,802	58,356	13,671	-89,215	-10,792	7,362	-2,817	-381	-26,351	31,960	-8,201	-11,936	-5,497	11,501	-11,189	-327	-27,619	17,514	-9,636	2,984	231	-1,299	2,058	-162	-18,723	18,485	-11,621	8,561	-9,104	-20,232	-7,002	-4,952	-11,081	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,231	7,591	6,043	6,253	7,779	4,455	7,489	6,895	7,308	7,399	7,060	8,787	6,770	2,848	5,438	4,166	5,458	5,307	3,649	5,090	5,681	5,586	6,371	4,375	1,943	3,936	4,121	3,434	4,231	4,087	3,871	3,573	4,065	4,234	4,357	3,815	4,368	4,267	4,163	4,288	4,225	4,689	4,974	4,706	5,939	5,494	5,685	5,587	6,141	5,989	5,697	5,541	4,884	4,864	4,869	4,438	4,615	-28,194	-8,731	-7,025	2,178	1,012	3,753	3,116	3,182	2,848	1,936	2,458	2,694	3,273	3,199	2,820	3,104	3,287	3,298	3,295	4,063	3,405	3,689	3,706	4,347	3,918	3,920	4,072	3,591	3,710	3,820	3,838	3,192	3,406	3,189	2,265	2,281	1,833	2,213	2,149	3,085	2,900	2,800	2,700	2,400	2,600	3,400	2,700	2,420	2,440	2,480	2,760	2,220	2,370	2,490	2,180	2,400	2,070	1,670	1,730
Other Cashflows From Financing Activities	-10,191	16,751	48,713	-24,799	37,237	6,524	111,332	36,506	-14,793	41,304	14,389	103,793	-50,765	80,901	156,589	23,102	60,901	30,345	-50,977	3,418	3,257	300	22,505	-16,652	45,851	26,227	5,142	-9,023	-129	41	11,896	-7,266	17,797	-26,860	15,817	8,990	-14,731	46	34	40	33	36	27	28	35	53	8	22	21,669	17	16	15	20,839	-11,864	16,087	25,677	2	51	11,961	92	2,886	23,103	20,055	15,149	126,493	-3,745	-9,226	19,189	15,968	10,831	-20,026	35,056	-2,857	19,944	7,468	37,486	5,957	14,150	33,705	45,148	16,489	11,584	46,663	1,676	51,292	27,592	32,553	55,654	35,630	18,942	26,124	54,463	24,088	8,840	-5,280	6,506	2,409	26,700	28,700	20,600	16,200	6,000	20,000	300	-2,640	1,820	-6,210	-4,820	-1,960	-70	-390	22,440	-2,940	5,020	12,100	2,610
Other Cashflows From Investing Activities	0	0	9,880	4,954	2,427	6,624	4,852	551	1,532	753	482	1,436	3,794	76,735	1,474	4,983	1,944	3,110	5,025	1,018	2,523	1,066	2,116	654	399	460	204	515	181	69	1,734	0	661	1,729	1,908	191	1,035	340	-8	180	255	283	5	9	261	263	454	858	2,554	2,082	230	0	2,611	2,542	408	221	1,564	336	320	200	462	374	299	259	905	478	421	75	3,629	603	151	32	822	790	643	59	202	93	84	42	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	1,787	-1,377	1,615	-170	2,233	6,378	918	-131	2,009	1,673	1,803	-2,981	1,770	716	-619	1,712	2,273	626	-937	-442	826	-568	-967	1,016	17	1,855	-1,310	618	706	151	758	113	79	701	536	192	521	-626	658	-81	2,354	201	371	2,135	1,917	-151	-860	-1,572	125	-1,382	-13	4,262	-3,512	-718	665	224	-314	48,486	18,946	16,233	1,384	5,715	-1,454	924	-820	21	-1,602	-725	-862	-1,437	-1,522	-790	905	47	-824	-813	-666	-66	217	-767	-229	-623	-858	-1,593	-594	-80	-1,071	-1,379	-2,514	-664	-801	-552	91	150	776	-400	304	-600	200	200	200	-100	-1,500	-700	-4,200	1,840	1,060	1,290	-3,670	2,170	1,430	2,070	-4,460	2,820	1,180	2,910
Sale Purchase Of Stock	-65	-219	-4,635	-1,865	9,349	-268	-5,701	-3,380	-174	-5,724	-1,531	-157	163	0	0	-163	189	0	36	-189	96	28	2	63	29	17	28	53	3,723	12,817	-653	-3,070	-471	-529	-393	-3,022	-1,538	1,954	17,313	-11,338	9,603	1,142	-5,455	-39,062	-20,994	-1,031	12,865	-2,329	-39	-412	-13,285	5,648	0	0	0	0	29,917	10,915	0	36,322	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	457	320	318	377	91	388	413	368	244	345	284	341	378	248	230	194	152	215	202	229	355	162	155	183	153	153	154	168	98	159	163	162	147	152	157	150	102	79	172	212	91	113	205	287	80	76	170	241	37	35	159	192	17	18	19	13	-50	22	124	190	294	0	0	0	255	0	0	0	106	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-753	-236	-373	-15	-1,243	0	-600	-500	0	-200	0	0	-2,700	2,800	1,600	1,300	-3,800	1,800	0	700	-2,900	2,700	800	0
Total Cash From Financing Activities	9,569	12,655	40,151	-37,641	38,636	2,293	89,140	21,870	-29,771	8,094	4,993	85,566	-124,947	-2,232	104,668	-33,958	12,674	20,945	-71,711	-8,742	-5,666	-2,680	19,509	-19,584	15,999	13,373	2,314	-11,772	868	10,031	8,464	-13,166	-11,214	-30,268	1,735	3,346	-19,144	-918	14,446	-14,151	6,847	-1,570	-11,279	-49,875	-29,692	-25,706	5,614	-14,303	3,847	-7,908	-17,571	-8,235	9,407	-38,111	-15,671	21,442	36,499	-842	-7,285	27,325	-11,316	8,900	5,255	-1,327	91,952	-31,614	-32,531	-10,679	-1,391	-3,577	-36,216	-4,055	-19,042	11,350	-3,773	9,163	-14,258	2,106	31,912	23,586	14,800	-105	19,263	-1,744	34,700	26,107	11,067	54,156	34,264	17,575	24,753	53,105	7,833	-2,401	-6,536	-4,148	1,170	25,600	27,500	17,000	15,100	4,900	19,000	-17,700	-3,640	910	-7,120	-5,730	-2,860	-930	-1,240	21,590	-3,790	4,230	11,300	1,820
Total Cash From Operating Activities	7,044	8,458	7,794	9,549	8,058	12,524	8,369	5,648	9,709	9,724	9,698	5,713	10,184	8,843	1,630	4,127	6,185	8,692	4,764	2,820	7,435	6,250	5,877	6,330	4,344	7,439	3,416	4,175	4,673	5,257	4,843	3,737	4,430	5,399	6,148	3,709	5,814	3,198	6,818	6,451	4,138	8,155	11,396	6,883	10,304	8,382	5,559	3,407	10,162	4,501	9,850	12,951	8,025	10,893	9,820	6,308	-1,256	7,300	4,727	2,197	4,412	6,148	6,083	1,474	3,213	4,759	868	1,106	3,656	3,664	47	2,764	2,662	5,343	4,352	1,758	2,274	4,980	4,575	3,078	914	10,837	-1,449	4,288	958	5,261	3,697	2,680	224	3,316	3,171	2,585	-1,061	2,372	2,677	3,419	-876	3,300	2,700	3,400	-900	4,500	2,700	4,300	-1,460	4,470	3,660	4,150	-1,410	4,680	3,310	4,420	-1,950	5,080	3,010	2,920
Total Cashflows From Investing Activities	0	0	-47,895	26,506	-54,440	-19,710	-142,418	-18,120	-74,245	-28,683	-12,976	12,009	42,632	87,725	-61,084	27,307	-34,620	-17,699	62,450	12,537	-4,973	-16,244	-11,021	10,590	-12,949	-22,605	-3,382	8,031	-7,022	-9,154	-27,764	14,541	12,304	21,685	-8,908	-6,672	-5,182	-6,549	-22,163	24,408	-10,101	166	-9,410	28,225	36,728	-9,438	1,007	6,339	2,917	15,865	6,096	8,261	0	0	0	0	0	0	287	700	0	0	0	5,671	0	62,785	56,891	5,962	35,821	32,300	53,098	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Cost Of Revenue	0	0	0	0	0	988	4,716	4,914	5,447	5,598	7,812	9,319	13,271	20,436	25,136	31,958	34,438	31,460	27,713	24,006	24,637	27,255	28,956	30,821	0	0	0	0	0	0
Depreciation And Amortization	2,559	2,389	2,130	1,981	1,749	1,754	1,639	1,602	1,910	1,975	2,226	2,110	2,191	2,527	3,140	3,437	3,292	2,775	2,477	1,672	1,313	1,050	1,322	-1,405	-866	400	723	764	735	627
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
Ebit	-186	41,869	37,687	23,212	23,409	30,888	24,505	24,802	26,410	27,900	30,542	40,162	45,638	44,100	-37,534	43,427	46,976	45,532	41,464	40,320	43,403	45,008	43,430	40,440	39,410	37,300	36,585	35,857	34,836	30,638
Ebitda	2,373	44,258	39,817	25,193	25,158	32,642	26,144	26,404	28,320	29,875	32,768	42,272	47,829	46,627	-34,394	46,864	50,268	48,307	43,941	41,992	44,716	46,058	44,752	39,035	38,544	37,700	37,308	36,621	35,571	31,265
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
Extraordinary Items	0	0	0	0	0	0	-2,159	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	137,921	105,959	103,820	90,847	72,692	65,029	57,074	55,937	58,182	57,411	61,318	66,600	49,916	57,615	56,189	46,733	46,879	47,044	46,765	45,115	43,080	40,482	34,345	27,877	33,331	31,800	5,005	4,023	5,208	3,400
Income Before Tax	30,483	32,350	37,687	23,212	23,409	26,263	20,590	21,109	21,808	22,778	24,777	31,131	32,082	24,855	-61,990	12,378	13,067	14,758	15,777	17,714	19,866	18,693	15,074	10,295	14,839	14,600	13,273	12,406	10,359	9,833
Income Tax Expense	6,335	5,732	7,133	3,990	3,905	4,250	7,156	5,347	5,337	5,692	6,183	8,426	8,714	5,800	-22,655	2,319	2,643	2,772	2,793	2,851	3,609	3,734	3,022	1,819	3,354	3,500	3,166	3,151	2,493	2,339
Interest Expense	8,871	9,519	6,562	9,595	10,283	4,625	3,915	3,693	4,602	5,122	5,765	9,031	13,556	19,245	24,456	31,049	33,909	30,774	25,687	22,606	23,537	26,315	28,356	30,145	24,571	22,700	23,312	23,451	24,477	20,805
Interest Income	113,504	92,647	84,501	77,146	64,748	50,306	45,842	44,028	44,519	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
Net Income	24,148	26,618	30,554	19,222	19,504	22,013	13,434	15,762	16,471	17,086	18,594	22,705	23,368	19,055	-39,335	10,059	10,424	11,986	12,984	14,863	16,257	14,959	12,052	8,476	11,485	11,100	10,107	9,255	7,866	7,494
Net Income Applicable To Common Shares	0	26,618	30,313	19,222	19,504	22,013	13,434	15,762	16,471	17,086	18,594	22,705	23,368	17,581	0	10,059	10,424	11,986	12,984	14,863	16,257	14,959	12,052	8,476	0	0	0	0	0	0
Net Income From Continuing Ops	24,148	26,618	30,554	19,222	19,504	22,013	13,434	15,762	16,471	17,086	18,594	31,131	23,368	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	80,400	83,128	77,939	67,551	54,465	45,681	41,927	40,335	39,917	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	114,927	41,869	37,687	23,212	23,409	30,888	1,275	1,687	1,579	1,264	1,820	1,966	1,997	4,291	3,026	3,126	2,572	1,983	41,464	40,320	43,403	45,008	43,430	40,440	39,410	37,300	36,585	35,857	34,836	30,638
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
Other Operating Expenses	107,438	2,005	-66,133	-67,635	49,283	34,141	1,086	1,126	538	699	1,534	64,634	47,919	18,558	101,805	43,607	44,307	45,061	5,301	4,795	323	4,526	9,085	12,563	6,079	5,500	31,580	31,834	29,628	27,238
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
Reconciled Depreciation	2,151	2,389	2,130	1,981	1,749	1,754	1,639	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	44,195	41,833	48,490	39,108	31,301	26,654	21,556	20,616	20,581	21,274	19,796	19,500	20,411	18,125	17,965	18,763	18,506	17,984	16,135	14,652	13,013	12,069	10,706	9,536	8,757	8,400	7,666	7,596	7,003	6,624
Tax Provision	6,335	5,732	7,133	3,990	3,905	4,250	7,156	5,347	5,337	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	22,758	2,005	-66,133	-67,635	-49,283	-34,141	1,086	1,126	538	699	1,534	-64,634	-47,919	18,558	101,805	-43,607	-44,307	-45,061	-5,301	-4,795	323	4,526	9,085	12,563	6,079	5,500	31,580	31,834	29,628	27,238
Total Other Income Expense Net	30,483	-9,519	37,687	23,212	23,409	-4,625	19,315	19,422	20,229	21,514	22,957	29,165	30,085	20,564	-65,016	9,252	10,495	12,775	-25,687	-22,606	-23,537	-26,315	-28,356	-30,145	-24,571	-22,700	-23,312	-23,451	-24,477	-20,805
Total Revenue	137,921	105,959	103,820	90,847	72,692	66,017	57,074	55,937	58,182	57,411	61,318	66,600	49,916	57,615	56,189	46,733	46,879	47,044	46,765	45,115	43,080	40,482	34,345	27,877	33,331	31,800	5,005	4,023	5,208	3,400

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Cost Of Revenue	0	0	0	0	0	0	0	0	384	0	0	0	0	0	0	0	0	0	0	0	1,564	1,301	1,059	1,285	1,022	1,307	982	1,405	917	1,482	1,243	1,272	1,406	1,428	1,397	1,216	1,380	1,505	1,736	977	2,913	1,635	1,481	1,783	1,767	2,464	2,768	2,320	2,717	3,071	3,659	3,824	5,029	4,828	5,112	5,467	5,796	6,650	6,257	6,433	7,435	7,615	7,348	9,560	8,979	8,551	8,679	8,229	8,292	8,024	7,266	7,878	8,050	6,801	6,530	6,332	6,095	6,015	5,843	6,053	5,800	5,905	6,339	6,593	6,879	6,955	6,925	6,496	6,699	7,187	7,428	7,642	7,964	7,940	7,546	7,371	0	0	0	0	0	0	0	0	5,840	5,890	5,850	5,740	5,940	5,940	5,790	5,790	5,980	6,260	6,140	6,100
Depreciation And Amortization	620	529	534	570	609	767	506	507	528	521	528	553	552	532	450	447	434	472	418	425	437	467	438	412	400	413	422	404	405	404	382	411	452	489	495	474	479	491	603	402	553	556	560	557	541	524	512	533	473	574	566	578	608	622	641	656	738	808	801	793	849	851	865	872	878	917	834	663	706	719	673	677	700	478	730	569	529	430	240	473	-703	732	650	634	442	-159	379	388	1,956	-95	-217	-322	-377	-360	-931	263	-266	-300	-200	-100	0	-100	100	400	190	180	190	160	190	190	190	190	190	180	190	180
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	0	8,908	6,928	12,450	13,115	8,144	10,791	9,819	10,515	10,579	10,587	12,568	10,355	5,755	8,960	7,737	9,592	9,403	7,276	7,421	8,014	7,938	8,827	6,109	6,478	6,183	6,473	5,371	6,651	6,482	6,099	5,570	6,413	6,755	6,985	6,257	7,107	6,965	6,853	6,975	6,928	7,664	8,060	7,890	10,048	9,736	10,180	10,198	11,236	11,327	11,454	11,621	10,605	11,174	11,186	11,135	11,793	-36,669	-7,851	-4,807	9,661	8,277	12,780	12,709	12,809	12,176	10,975	11,016	11,308	12,122	11,578	10,524	10,892	10,435	10,178	9,959	10,843	9,571	9,880	10,026	10,889	10,332	10,873	11,309	10,966	11,216	11,557	11,269	10,481	11,357	11,358	10,234	10,593	9,997	10,055	9,795	10,810	10,300	9,600	8,900	3,000	9,100	10,400	9,400	9,060	9,050	9,070	9,400	8,870	9,190	9,090	8,720	9,200	9,170	8,070	8,410
Ebitda	620	9,437	7,462	13,020	13,724	8,911	11,297	10,326	11,043	11,100	11,115	13,121	10,907	6,287	9,410	8,184	10,026	9,875	7,694	7,846	8,451	8,405	9,265	6,521	6,878	6,596	6,895	5,775	7,056	6,886	6,481	5,981	6,865	7,244	7,480	6,731	7,586	7,456	7,456	7,377	7,481	8,220	8,620	8,447	10,589	10,260	10,692	10,731	11,709	11,901	12,020	12,199	11,213	11,796	11,827	11,791	12,531	-35,861	-7,050	-4,014	10,510	9,128	13,645	13,581	13,687	13,093	11,809	11,679	12,014	12,841	12,251	11,201	11,592	10,913	10,908	10,528	11,372	10,001	10,120	10,499	10,186	11,064	11,523	11,943	11,408	11,057	11,936	11,657	12,437	11,262	11,141	9,912	10,216	9,637	9,124	10,058	10,544	10,000	9,400	8,800	8,500	9,000	10,500	9,800	9,250	9,230	9,260	9,560	9,060	9,380	9,280	8,910	9,390	9,350	8,260	8,590
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	35,914	25,648	26,601	26,397	27,928	26,153	26,107	384	25,747	25,841	24,983	26,528	26,145	25,937	19,499	19,266	19,020	18,956	18,784	15,932	16,712	16,590	17,093	14,981	14,564	14,366	14,270	13,874	13,956	14,655	14,027	13,857	15,719	14,048	14,904	13,511	14,223	14,932	14,356	13,900	14,921	15,117	15,231	16,049	16,002	14,038	16,426	16,031	16,293	16,234	15,651	15,676	16,289	14,693	13,855	13,976	13,268	14,173	-4,764	14,078	10,695	9,680	12,937	13,421	12,586	12,316	10,485	11,492	11,547	12,120	11,688	11,689	12,002	11,687	11,571	11,505	12,194	10,994	11,026	10,901	11,479	10,263	10,390	10,948	9,872	10,131	10,240	10,239	9,000	9,045	8,810	7,490	7,339	6,528	6,925	7,085	8,631	8,600	8,100	7,900	7,500	7,600	8,900	7,600	1,460	1,180	1,310	1,910	990	1,130	1,290	920	810	220	-370	40
Income Before Tax	5,922	9,437	7,462	7,662	9,552	5,313	9,107	8,378	8,985	8,965	8,840	10,897	8,251	3,286	6,693	4,982	6,593	6,403	4,342	6,071	6,702	6,697	7,748	5,116	5,479	5,198	5,495	4,418	5,731	5,538	5,174	4,666	5,326	5,629	5,809	5,044	5,850	5,678	5,563	5,687	5,574	6,268	6,645	6,290	8,148	7,508	7,779	7,696	8,432	8,219	7,826	7,605	6,295	6,535	6,150	5,875	6,123	-42,685	-14,015	-11,413	2,466	803	5,056	4,053	4,130	3,625	2,296	3,016	3,211	4,289	4,012	3,246	3,743	4,009	4,023	4,002	5,098	3,906	4,387	4,323	5,339	4,677	4,784	5,066	4,387	4,541	4,812	4,953	3,932	4,320	4,080	2,742	2,779	2,207	2,659	2,650	3,939	3,900	3,600	3,500	3,000	3,300	4,700	3,600	3,220	3,160	3,230	3,660	2,940	3,240	3,300	2,930	3,230	2,910	1,920	2,300
Income Tax Expense	1,661	1,846	1,419	1,409	1,773	858	1,618	1,483	1,677	1,566	1,780	2,110	1,481	438	1,255	816	1,135	1,096	693	981	1,021	1,111	1,377	741	3,536	1,262	1,374	984	1,500	1,451	1,303	1,093	1,261	1,395	1,452	1,229	1,482	1,411	1,400	1,399	1,349	1,579	1,671	1,584	2,209	2,014	2,094	2,109	2,291	2,230	2,129	2,064	1,411	1,671	1,281	1,437	1,508	-14,491	-5,284	-4,388	288	-209	1,303	937	948	777	360	558	517	1,016	813	426	639	722	725	707	1,035	501	698	617	992	759	864	994	796	831	992	1,115	740	914	891	477	498	374	446	501	854	1,000	800	800	600	800	1,200	900	800	720	740	900	710	880	810	750	820	840	260	580
Interest Expense	2,002	9,455	7,649	5,358	3,563	2,831	1,684	1,441	1,530	1,614	1,747	1,671	2,104	2,469	2,267	2,755	2,999	3,000	2,934	1,350	1,312	1,241	1,079	993	999	985	978	953	920	944	925	904	1,087	1,126	1,176	1,213	1,257	1,287	1,290	1,288	1,354	1,396	1,415	1,600	1,900	2,228	2,401	2,502	2,804	3,108	3,628	4,016	4,310	4,639	5,036	5,260	5,670	6,016	6,164	6,606	7,195	7,474	7,724	8,656	8,679	8,551	8,679	8,000	8,097	7,833	7,566	7,278	7,149	6,426	6,155	5,957	5,745	5,665	5,493	5,703	5,550	5,655	6,089	6,243	6,579	6,675	6,745	6,316	6,549	7,037	7,278	7,492	7,814	7,790	7,396	7,145	6,871	6,400	6,000	5,400	5,500	5,800	5,700	5,800	5,840	5,890	5,850	5,740	5,940	5,940	5,790	5,790	5,980	6,260	6,140	6,100
Interest Income	30,236	29,118	28,011	26,139	25,855	23,710	21,309	21,773	21,246	21,073	20,428	21,754	21,859	21,747	16,508	17,032	17,284	17,271	17,134	13,059	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	4,261	7,591	6,043	6,253	7,779	4,455	7,489	6,895	7,308	7,399	7,060	8,787	6,770	2,848	5,438	4,166	5,458	5,307	3,649	5,090	5,681	5,586	6,371	4,375	1,943	3,936	4,121	3,434	4,231	4,087	3,871	3,573	4,065	4,234	4,357	3,815	4,368	4,267	4,163	4,288	4,225	4,689	4,974	4,706	5,939	5,494	5,685	5,587	6,141	5,989	5,697	5,541	4,884	4,864	4,869	4,438	4,615	-28,194	-8,731	-7,025	2,178	1,012	3,753	3,116	3,182	2,848	1,936	2,458	2,694	3,273	3,199	2,820	3,104	3,287	3,298	3,295	4,063	3,405	3,689	3,706	4,347	3,918	3,920	4,072	3,591	3,710	3,820	3,838	3,192	3,406	3,189	2,265	2,281	1,833	2,213	2,149	3,085	2,900	2,800	2,700	2,400	2,500	3,500	2,700	2,420	2,440	2,480	2,760	2,220	2,370	2,490	2,180	2,400	2,070	1,670	1,730
Net Income Applicable To Common Shares	0	7,534	6,043	6,253	7,779	4,416	7,419	6,835	7,256	7,336	6,999	8,787	6,770	2,848	5,438	4,166	5,458	5,307	3,649	5,090	5,681	5,586	6,371	4,375	1,943	3,936	4,121	3,434	4,231	4,087	3,871	3,573	4,065	4,234	4,357	3,815	4,368	4,267	4,163	4,288	4,225	4,689	4,974	4,706	5,939	5,494	5,685	5,587	6,141	5,989	5,697	5,541	4,884	4,135	4,497	4,065	4,242	0	0	0	2,178	1,012	3,753	3,116	3,182	2,848	1,936	2,458	2,694	3,273	3,199	2,820	3,104	3,287	3,298	3,295	4,063	3,405	3,689	3,706	4,347	3,918	3,920	4,072	3,591	3,710	3,820	3,838	3,192	3,406	3,189	2,265	2,281	1,833	2,213	2,149	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	4,261	7,591	6,043	6,253	7,779	4,455	7,489	6,895	7,308	7,399	7,060	8,787	6,770	2,848	5,438	4,166	5,458	5,307	3,649	5,090	5,681	5,586	6,371	4,375	1,943	3,936	4,121	3,434	4,231	4,087	3,871	3,573	4,065	4,234	4,357	3,815	4,368	4,267	4,163	4,288	1,057	4,689	4,974	7,874	14,365	5,494	5,685	5,587	0	5,989	5,697	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	19,594	19,663	20,362	20,781	22,292	20,879	19,625	20,332	19,716	19,459	18,681	20,083	19,755	19,278	14,241	14,277	14,285	14,271	14,200	11,715	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	30,384	9,437	7,462	12,450	13,115	8,144	10,791	9,819	10,515	10,579	10,587	12,568	10,355	5,755	8,960	7,737	9,592	9,403	7,276	7,421	8,014	7,938	8,827	6,109	1,275	6,183	6,473	5,371	1,687	6,482	6,099	5,570	1,579	6,755	6,985	6,257	1,264	6,965	6,853	6,975	1,820	7,664	8,060	7,890	1,966	9,736	10,180	10,198	1,997	11,327	11,454	376	4,291	11,174	776	11,135	3,026	-36,669	-7,851	-4,807	3,126	8,277	12,780	12,709	2,572	12,176	10,975	11,016	1,983	12,122	11,578	10,524	10,892	10,435	10,178	9,959	10,843	9,571	9,880	10,026	10,889	10,332	10,873	11,309	10,966	11,216	11,557	11,269	10,481	11,357	11,358	10,234	10,593	9,997	10,055	9,795	10,810	10,300	9,600	8,900	8,500	9,100	10,400	9,400	3,220	3,160	3,230	3,660	2,940	3,240	3,300	2,930	3,230	2,910	1,920	2,300
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	29,992	-16,211	-19,139	937	1,525	521	480	489	2,627	538	598	547	1,692	422	10,539	11,529	1,069	9,553	11,508	8,511	1,140	8,652	8,266	8,872	1,086	8,183	7,797	8,503	1,126	8,173	7,928	8,287	538	7,293	7,919	7,254	699	7,967	7,503	6,925	1,534	7,453	7,171	8,159	15,672	4,302	6,246	5,833	15,337	4,907	4,197	15,300	13,449	4,251	4,169	4,753	14,184	52,517	24,491	21,583	13,549	1,403	157	712	13,959	140	490	476	13,262	2	110	1,165	1,110	1,252	1,393	1,546	1,351	1,423	1,146	875	590	69	483	361	1,094	1,085	1,317	1,030	1,481	2,312	2,548	2,744	3,254	3,469	3,130	2,710	2,179	1,700	1,500	1,000	1,000	1,500	1,500	1,800	15,750	15,680	15,630	15,460	15,880	15,710	15,370	15,370	15,530	16,090	16,120	16,030
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	518	529	534	570	609	767	506	507	528	521	528	553	552	532	450	447	434	472	418	425	437	467	438	412	400	413	422	404	405	404	382	411	452	489	495	474	479	491	603	402	553	556	560	557	541	524	512	533	473	574	566	578	608	622	641	656	738	808	801	793	849	851	865	872	878	917	834	663	706	719	673	677	700	478	730	569	529	430	240	473	-703	732	650	634	442	-159	379	388	1,956	-95	-217	-322	-377	-360	-931	263	-266	-300	-200	-100	0	-100	100	400	190	180	190	160	190	190	190	190	190	180	190	180
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	213	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,840	5,890	5,850	5,740	5,940	5,940	5,790	5,790	5,980	6,260	6,140	6,100
Selling General Administrative	11,113	10,878	12,677	937	10,135	12,545	11,985	12,230	16,327	10,902	10,986	10,275	11,562	10,360	8,414	8,772	8,170	8,090	7,780	7,261	6,909	6,541	6,412	6,559	5,558	5,294	5,212	5,492	4,968	5,349	5,321	5,466	5,340	5,124	4,897	5,220	5,133	5,774	5,146	5,221	4,769	4,781	4,816	5,007	3,828	5,080	5,173	5,419	5,074	4,990	4,996	5,351	4,676	4,639	4,488	4,322	3,781	4,570	4,711	4,903	4,132	3,892	4,815	4,842	4,547	4,773	4,406	4,780	4,722	4,428	4,369	4,465	4,085	4,142	4,001	3,907	3,668	3,772	3,557	3,655	3,447	3,133	3,121	3,312	3,038	3,183	2,995	2,853	2,905	2,628	2,575	2,018	2,542	2,381	2,297	2,316	2,357	2,200	2,100	2,000	2,300	2,000	2,000	2,000	4,070	3,900	3,930	3,980	4,000	3,830	3,790	3,790	3,570	3,570	3,840	3,830
Tax Provision	1,661	1,846	1,419	1,409	1,773	858	1,618	1,483	1,677	1,566	1,780	2,110	1,481	438	1,255	816	1,135	1,096	693	981	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	5,530	-16,211	-19,139	937	1,525	521	480	489	2,243	538	598	547	1,692	422	-10,539	-11,529	1,069	-9,553	-11,508	-8,511	1,140	-8,652	-8,266	-8,872	1,086	-8,183	-7,797	-8,503	1,126	-8,173	-7,928	-8,287	538	-7,293	-7,919	-7,254	699	-7,967	-7,503	-6,925	1,534	-7,453	-7,171	-8,159	-15,672	-4,302	-6,246	-5,833	-15,337	-4,907	-4,197	-15,300	-13,449	4,251	4,169	4,753	-14,184	52,517	24,491	21,583	-13,549	-1,403	-157	-712	-13,959	-140	490	-476	-13,262	2	-110	-1,165	-1,110	-1,252	-1,393	-1,546	-1,351	-1,423	-1,146	-875	-590	69	483	361	1,094	1,085	1,317	1,030	1,481	2,312	2,548	2,744	3,254	3,469	3,130	2,710	2,179	1,700	1,500	1,000	1,000	1,500	1,500	1,800	9,910	9,790	9,780	9,720	9,940	9,770	9,580	9,580	9,550	9,830	9,980	9,930
Total Other Income Expense Net	5,922	9,437	7,462	-4,788	-3,563	-2,831	-1,684	-1,441	-1,530	-1,614	-1,747	-1,671	-2,104	-2,469	-2,267	-2,755	-2,999	-3,000	-2,934	-1,350	-1,312	-1,241	-1,079	-993	4,204	-985	-978	-953	4,044	-944	-925	-904	3,747	-1,126	-1,176	-1,213	4,586	-1,287	-1,290	-1,288	3,754	-1,396	-1,415	-1,600	6,182	-2,228	-2,401	-2,502	6,435	-3,108	-3,628	7,229	2,004	-4,639	5,374	-5,260	3,097	-6,016	-6,164	-6,606	-660	-7,474	-7,724	-8,656	1,558	-8,551	-8,679	-8,000	1,228	-7,833	-7,566	-7,278	-7,149	-6,426	-6,155	-5,957	-5,745	-5,665	-5,493	-5,703	-5,550	-5,655	-6,089	-6,243	-6,579	-6,675	-6,745	-6,316	-6,549	-7,037	-7,278	-7,492	-7,814	-7,790	-7,396	-7,145	-6,871	-6,400	-6,000	-5,400	-5,500	-5,800	-5,700	-5,800	0	0	0	0	0	0	0	0	0	0	0	0
Total Revenue	35,914	25,648	26,601	26,397	27,928	26,153	26,107	384	26,131	25,841	24,983	26,528	26,145	25,937	19,499	19,266	19,020	18,956	18,784	15,932	16,712	16,590	17,093	14,981	14,564	14,366	14,270	13,874	13,956	14,655	14,027	13,857	15,719	14,048	14,904	13,511	14,223	14,932	14,356	13,900	14,921	15,117	15,231	16,049	16,002	14,038	16,426	16,031	16,293	16,234	15,651	15,676	16,289	14,693	13,855	13,976	13,268	14,173	-4,764	14,078	10,695	9,680	12,937	13,421	12,586	12,316	10,485	11,492	11,547	12,120	11,688	11,689	12,002	11,687	11,571	11,505	12,194	10,994	11,026	10,901	11,479	10,263	10,390	10,948	9,872	10,131	10,240	10,239	9,000	9,045	8,810	7,490	7,339	6,528	6,925	7,085	8,631	8,600	8,100	7,900	7,500	7,600	8,900	7,600	7,300	7,070	7,160	7,650	6,930	7,070	7,080	6,710	6,790	6,480	5,770	6,140

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

Gross Profit (+$)
totalRevenue	137,921
Cost of Revenue	-0
Gross Profit	137,921	137,921

Operating Income (+$)
Gross Profit	137,921
Operating Expense	-22,758
Operating Income	114,927	115,163

Operating Expense (+$)
Research Development	0
Selling General Administrative	44,195
Selling And Marketing Expenses	0
Operating Expense	22,758	44,195

Net Interest Income (+$)
Interest Income	113,504
Interest Expense	-8,871
Other Finance Cost	-24,233
Net Interest Income	80,400

Pretax Income (+$)
Operating Income	114,927
Net Interest Income	80,400
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	30,483	84,444 EBIT - interestExpense = -9,057 30,483 33,019
Interest Expense	8,871
Earnings Before Interest and Taxes (EBIT)	-186	39,354
Earnings Before Interest and Taxes (EBITDA)	2,373

After tax Income (+$)
Income Before Tax	30,483
Tax Provision	-6,335
Net Income From Continuing Ops	24,148	24,148
Net Income	24,148
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	107,438
Total Other Income/Expenses Net	30,483	-80,400

Technical Analysis of Citizens & Northern Corp
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 Citizens & Northern Corp. The general trend of Citizens & Northern Corp is BEARISH with 85.7% 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 Citizens & Northern Corp'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 (-85.7%)		Bearish trend (85.7%)
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 Citizens & Northern Corp.

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

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

The bullish price targets are: 17.20 < 17.22 < 17.25.

The bearish price targets are: 16.54 > 16.46 > 16.03.

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Citizens & Northern Corp 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 Citizens & Northern Corp. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-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 lower than the MA 200. -1
MA 100 trending down: The MA 100 is trending down. -1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending down: The MA 200 is trending down. -1
Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Citizens & Northern Corp 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 Citizens & Northern Corp. The current macd is -0.34107967.

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

Citizens & Northern Corp 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 Citizens & Northern Corp. The current adx is 14.79.

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

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Citizens & Northern Corp shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Citizens & Northern Corp 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 Citizens & Northern Corp. The current sar is 18.33.

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

Citizens & Northern Corp 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 Citizens & Northern Corp. The current rsi is 43.57. 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.

Citizens & Northern Corp 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 Citizens & Northern Corp. 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 Citizens & Northern Corp price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Citizens & Northern Corp 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 Citizens & Northern Corp. The current cci is -76.06942293.

Citizens & Northern Corp 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 Citizens & Northern Corp. The current cmo is -12.53899892.

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

Citizens & Northern Corp 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 Citizens & Northern Corp. The current willr is -71.70731707.

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

Citizens & Northern Corp 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 Citizens & Northern Corp.

Citizens & Northern Corp 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 Citizens & Northern Corp. The current atr is 0.63461404.

Citizens & Northern Corp 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 Citizens & Northern Corp. The current obv is -166,704.

Citizens & Northern Corp 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 Citizens & Northern Corp. The current mfi is 34.48.

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

Citizens & Northern Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Citizens & Northern Corp.

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

6.3. Candlestick Patterns

Citizens & Northern Corp Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Citizens & Northern Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	43.574
Ma 20	Greater than	Ma 50	17.795
Ma 50	Greater than	Ma 100	18.174
Ma 100	Greater than	Ma 200	19.504
Open	Greater than	Close	17.000
Total			1/5 (20.0%)

Create your own Symbol Scanner

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Quick analysis of Citizens & Northern Corp (30 sec.)

What can you expect buying and holding a share of Citizens & Northern Corp? (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 Citizens & Northern Corp (5 min.)

$17.29

$17.06

$-90.49 - $-18.33

$-73.43 - $-1.26

2. Growth of Citizens & Northern Corp (5 min.)

Is Citizens & Northern Corp growing?

How much money is Citizens & Northern Corp making?

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

3. Financial Health of Citizens & Northern Corp (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Citizens & Northern Corp? (5 min.)

What can you expect buying and holding a share of Citizens & Northern Corp?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Citizens & Northern Corp

About Citizens & Northern Corp

Financial Health

Valuation

1.1. Profitability of Citizens & Northern Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Citizens & Northern Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Citizens & Northern Corp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Citizens & Northern Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Citizens & Northern Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Citizens & Northern Corp
Buy, Hold or Sell?