Darling Ingredients Inc
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Let's analyse Darling Ingredients Inc together

Penke I guess you are interested in Darling Ingredients Inc. 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 Darling Ingredients Inc. 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 Darling Ingredients Inc (30 sec.)

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

How much money do you get?

$0.03

When do you have the money?

1 year

How often do you get paid?

57.5%

What is your share worth?

Current worth

$28.99

Expected worth in 1 year

$34.14

How sure are you?

77.5%

+ What do you gain per year?

Total Gains per Share

$5.18

Return On Investment

11.5%

For what price can you sell your share?

Current Price per Share

$45.26

Expected price per share

$40.04 - $51.12

How sure are you?

50%

1. Valuation of Darling Ingredients Inc (5 min.)

Live pricePrice per Share (EOD)

$45.26

Book Value per Share

$28.99

Intrinsic Value Per Share

$5.33 - $24.22

Total Value Per Share

$34.31 - $53.21

My calculation of the intrinsic value of Darling Ingredients Inc 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: ($0.32) 3Y: ($0.60) TTM: ($0.53)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($-0.01) TTM: ($0.00)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$1.16	$2.42	$1.15 - $2.50
2	$2.13	$4.85	$1.03 - $2.58
3	$2.95	$7.28	$0.91 - $2.66
4	$3.63	$9.71	$0.79 - $2.74
5	$4.17	$12.14	$0.66 - $2.82
6	$4.60	$14.57	$0.54 - $2.90
7	$4.91	$16.99	$0.42 - $2.98
8	$5.13	$19.41	$0.30 - $3.06
9	$5.27	$21.82	$0.18 - $3.14
10	$5.33	$24.22	$0.06 - $3.22

2. Growth of Darling Ingredients Inc (5 min.)

Is Darling Ingredients Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$4.6b	$3.6b	$776.3m	17.5%

How much money is Darling Ingredients Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$161.9m	$184.4m	-$22.4m	-13.9%
Net Profit Margin	9.5%	11.4%	-	-

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

Quarterly Yearly

3. Financial Health of Darling Ingredients Inc (5 min.)

4. Comparing to competitors in the Packaged Foods industry (5 min.)

Industry Rankings (Packaged Foods)

Richest
#34 / 493

Most Revenue
#76 / 493

Most Profit
#43 / 493

Most Efficient
#85 / 493

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

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

What can you expect buying and holding a share of Darling Ingredients Inc?

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

Speculation

The Price per Share of Darling Ingredients Inc is $45.26. 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 Darling Ingredients Inc.
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 Darling Ingredients Inc, 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 $28.99. Based on the TTM, the Book Value Change Per Share is $1.29 per quarter. Based on the YOY, the Book Value Change Per Share is $0.92 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 $0.01 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Darling Ingredients Inc.

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	0.52	1.2%	1.00	2.2%	1.12	2.5%	0.80	1.8%	0.49	1.1%
Usd Book Value Change Per Share	1.48	3.3%	1.29	2.8%	0.92	2.0%	0.76	1.7%	0.41	0.9%
Usd Dividend Per Share	0.00	0.0%	0.01	0.0%	0.01	0.0%	0.07	0.2%	0.05	0.1%
Usd Total Gains Per Share	1.48	3.3%	1.30	2.9%	0.93	2.1%	0.83	1.8%	0.46	1.0%
Usd Price Per Share	49.84	-	56.06	-	67.23	-	50.08	-	33.14	-
Price to Earnings Ratio	23.87	-	15.97	-	15.07	-	20.53	-	165.69	-
Price-to-Total Gains Ratio	33.60	-	167.90	-	86.47	-	92.86	-	54.65	-
Price to Book Ratio	1.72	-	2.06	-	3.03	-	2.47	-	1.86	-
Price-to-Total Gains Ratio	33.60	-	167.90	-	86.47	-	92.86	-	54.65	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	45.26
Number of shares	22

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.01	0.07
Usd Book Value Change Per Share	1.29	0.76
Usd Total Gains Per Share	1.30	0.83
Gains per Quarter (22 shares)	28.51	18.21
Gains per Year (22 shares)	114.04	72.85

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	1	113	104	6	66	63
2	1	227	218	13	133	136
3	2	340	332	19	199	209
4	3	454	446	25	266	282
5	3	567	560	32	332	355
6	4	680	674	38	399	428
7	5	794	788	45	465	501
8	5	907	902	51	532	574
9	6	1020	1016	57	598	647
10	7	1134	1130	64	665	720

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%	36.0	4.0	0.0	90.0%	97.0	23.0	0.0	80.8%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	18.0	2.0	0.0	90.0%	30.0	10.0	0.0	75.0%	90.0	30.0	0.0	75.0%
Dividend per Share	1.0	0.0	3.0	25.0%	5.0	0.0	7.0	41.7%	9.0	0.0	11.0	45.0%	23.0	0.0	17.0	57.5%	26.0	0.0	94.0	21.7%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	19.0	1.0	0.0	95.0%	31.0	9.0	0.0	77.5%	92.0	28.0	0.0	76.7%

Fundamentals of Darling Ingredients Inc

About Darling Ingredients Inc

https://www.darlingii.com
Packaged Foods
15800
5601 North MacArthur Boulevard, Irving, TX, United States, 75038
Google Maps Bing Maps

Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries. The company also collects and transforms various animal by-product streams into useable and specialty ingredients, such as collagen, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings, and hides. In addition, it recovers and converts used cooking oil and animal fats, and residual bakery products into valuable feed and fuel ingredients. Further, the company provides environmental services, including grease trap collection and disposal services to food service establishments. It primarily operates under the Rendac, Sonac, FASA, Ecoson, Rousselot, Gelnex, and CTH brand names. The company was formerly known as Darling International Inc. and changed its name to Darling Ingredients Inc. in May 2014. Darling Ingredients Inc. was founded in 1882 and is headquartered in Irving, Texas.

Fundamental data was last updated by Penke on 2024-04-13 11:22:05.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is just not 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 able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details

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

1.1. Profitability of Darling Ingredients Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Darling Ingredients Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Darling Ingredients Inc to the Packaged Foods industry mean.
A Net Profit Margin of 5.3% means that $0.05 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Darling Ingredients Inc:

The MRQ is 5.3%. The company is making a profit. +1
The TTM is 9.5%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	5.3%	TTM	9.5%	-4.2%
TTM	9.5%	YOY	11.4%	-2.0%
TTM	9.5%	5Y	10.5%	-1.0%
5Y	10.5%	10Y	6.6%	+3.9%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	5.3%	3.0%	+2.3%
TTM	9.5%	2.9%	+6.6%
YOY	11.4%	2.9%	+8.5%
5Y	10.5%	3.2%	+7.3%
10Y	6.6%	3.6%	+3.0%

Measures how much net profit Darling Ingredients Inc earns for each $1 of revenue.

Revenue is the amount of profit Darling Ingredients Inc 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 Darling Ingredients Inc 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 Darling Ingredients Inc to the Packaged Foods industry mean.
Can be used to compare companies within the Packaged Foods industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Darling Ingredients Inc. If profit margins remain low (compared to the Packaged Foods 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 Darling Ingredients Inc is 0.05. This means that Darling Ingredients Inc earned $0.05 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 Packaged Foods industry is 3.0%.
What is the trend?
The trend is important because it shows you how Darling Ingredients Inc is performing over time. The most recent quarter might be important if Darling Ingredients Inc 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 Darling Ingredients Inc 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 Darling Ingredients Inc with other companies in the same industry (Packaged Foods).
Net profit margin should rise over the years.
Can be influenced when Darling Ingredients Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Darling Ingredients Inc 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 Darling Ingredients Inc

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 Darling Ingredients Inc = 84,516
Total revenue MRQ Darling Ingredients Inc = 1,600,685
$84,516 / $1,600,685 = 0.05 or 5.3%

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 Darling Ingredients Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Darling Ingredients Inc to the Packaged Foods industry mean.
0.8% Return on Assets means that Darling Ingredients Inc generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Darling Ingredients Inc:

The MRQ is 0.8%. Using its assets, the company is inefficient in making profit. -1
The TTM is 1.5%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	0.8%	TTM	1.5%	-0.7%
TTM	1.5%	YOY	2.3%	-0.8%
TTM	1.5%	5Y	1.9%	-0.4%
5Y	1.9%	10Y	1.2%	+0.7%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	0.8%	1.3%	-0.5%
TTM	1.5%	1.3%	+0.2%
YOY	2.3%	1.3%	+1.0%
5Y	1.9%	1.4%	+0.5%
10Y	1.2%	1.6%	-0.4%

Shows how efficient Darling Ingredients Inc 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 Darling Ingredients Inc to the Packaged Foods 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 Darling Ingredients Inc is using its resources to generate profit. If the return on assets (0.8%) from Darling Ingredients Inc are higher than the Packaged Foods mean (1.3%) that means Darling Ingredients Inc 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 Darling Ingredients Inc is 0.8%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Packaged Foods industry is 1.3%.
What is the trend?
The trend is important because it shows you how Darling Ingredients Inc is performing over time. The most recent quarter might be important if Darling Ingredients Inc 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 Darling Ingredients Inc 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 Darling Ingredients Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Darling Ingredients Inc = 84,516
Total assets MRQ (balance sheet) from Darling Ingredients Inc = 11,061,084
84,516 / 11,061,084 = 0.01 or 0.8%

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

Above 15%-20% is considered healthy but always compare Darling Ingredients Inc to the Packaged Foods industry mean.
1.8% Return on Equity means Darling Ingredients Inc generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Darling Ingredients Inc:

The MRQ is 1.8%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.8%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.8%	TTM	3.8%	-1.9%
TTM	3.8%	YOY	5.2%	-1.4%
TTM	3.8%	5Y	4.0%	-0.2%
5Y	4.0%	10Y	2.6%	+1.4%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	1.8%	2.8%	-1.0%
TTM	3.8%	2.7%	+1.1%
YOY	5.2%	3.0%	+2.2%
5Y	4.0%	2.9%	+1.1%
10Y	2.6%	3.0%	-0.4%

Shows how efficient Darling Ingredients Inc 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 Darling Ingredients Inc to the Packaged Foods 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 Packaged Foods 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 Darling Ingredients Inc is 1.8%. This means Darling Ingredients Inc 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 Packaged Foods industry is 2.8%.
What is the trend?
The trend is important because it shows you how Darling Ingredients Inc is performing over time. The most recent quarter might be important if Darling Ingredients Inc 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 Darling Ingredients Inc up to 10 years back (depending if Darling Ingredients Inc 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 Darling Ingredients Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Darling Ingredients Inc = 84,516
Shareholders equity (balance sheet) MRQ Darling Ingredients Inc = 4,605,431
84,516 / 4,605,431 = 0.02 or 1.8%

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

1.2. Operating Efficiency of Darling Ingredients Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Darling Ingredients Inc is operating .

Measures how much profit Darling Ingredients Inc 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 Darling Ingredients Inc to the Packaged Foods industry mean.
An Operating Margin of 9.3% means the company generated $0.09 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Darling Ingredients Inc:

The MRQ is 9.3%. The company is operating less efficient.
The TTM is 8.2%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	9.3%	TTM	8.2%	+1.1%
TTM	8.2%	YOY	15.8%	-7.7%
TTM	8.2%	5Y	13.9%	-5.7%
5Y	13.9%	10Y	10.1%	+3.8%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	9.3%	5.1%	+4.2%
TTM	8.2%	3.6%	+4.6%
YOY	15.8%	4.9%	+10.9%
5Y	13.9%	5.1%	+8.8%
10Y	10.1%	5.1%	+5.0%

Measures how efficient Darling Ingredients Inc 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 Darling Ingredients Inc to the Packaged Foods 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 Darling Ingredients Inc 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 Darling Ingredients Inc is 9.3%. This means that Darling Ingredients Inc earned $0.09 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Packaged Foods industry is 5.1%.
What is the trend?
The trend is important because it shows you how Darling Ingredients Inc is performing over time. The most recent quarter might be important if Darling Ingredients Inc 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 Darling Ingredients Inc 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 Darling Ingredients Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Darling Ingredients Inc = 148,099
Total revenue MRQ Darling Ingredients Inc = 1,600,685
$148,099 / $1,600,685 = 0.09 or 9.3%

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 Darling Ingredients Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Packaged Foods industry mean).
An Operation Ratio of 0.91 means that the operating costs are $0.91 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Darling Ingredients Inc:

The MRQ is 0.907. The company is less efficient in keeping operating costs low.
The TTM is 0.918. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.907	TTM	0.918	-0.011
TTM	0.918	YOY	0.892	+0.026
TTM	0.918	5Y	0.925	-0.007
5Y	0.925	10Y	0.942	-0.017

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	0.907	1.552	-0.645
TTM	0.918	1.503	-0.585
YOY	0.892	1.451	-0.559
5Y	0.925	1.392	-0.467
10Y	0.942	1.257	-0.315

Measures how efficient Darling Ingredients Inc 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 Darling Ingredients Inc to the Packaged Foods 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 Darling Ingredients Inc is 90.7%. This means that Darling Ingredients Inc earned $0.91 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 Packaged Foods industry is 1.55.
What is the trend?
The trend is important because it shows you how Darling Ingredients Inc is performing over time. The most recent quarter might be important if Darling Ingredients Inc 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 Darling Ingredients Inc 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 Darling Ingredients Inc

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
(1,315,868 +136,718) \ 1,600,685 = 0.91

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 Darling Ingredients Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Darling Ingredients Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Packaged Foods industry mean).
A Current Ratio of 1.86 means the company has $1.86 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Darling Ingredients Inc:

The MRQ is 1.859. The company is able to pay all its short-term debts. +1
The TTM is 1.806. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.859	TTM	1.806	+0.053
TTM	1.806	YOY	1.547	+0.259
TTM	1.806	5Y	1.554	+0.252
5Y	1.554	10Y	1.782	-0.228

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	1.859	1.554	+0.305
TTM	1.806	1.606	+0.200
YOY	1.547	1.604	-0.057
5Y	1.554	1.636	-0.082
10Y	1.782	1.611	+0.171

Measures if Darling Ingredients Inc 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 Packaged Foods 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 Darling Ingredients Inc 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 Darling Ingredients Inc is 1.86. This means Darling Ingredients Inc has $1.86 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Packaged Foods industry is 1.55.
What is the trend?
The trend is important because it shows you how Darling Ingredients Inc is performing over time. The most recent quarter might be important if Darling Ingredients Inc 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 Darling Ingredients Inc 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 Darling Ingredients Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,855,666 \ 998,137) = 1.86

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

Above 1 is considered healthy but always compare Darling Ingredients Inc to the Packaged Foods industry mean.
A Quick Ratio of 0.95 means the company can pay off $0.95 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Darling Ingredients Inc:

The MRQ is 0.950. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.873. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.950	TTM	0.873	+0.077
TTM	0.873	YOY	0.791	+0.082
TTM	0.873	5Y	1.847	-0.974
5Y	1.847	10Y	1.473	+0.374

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	0.950	0.548	+0.402
TTM	0.873	0.573	+0.300
YOY	0.791	0.613	+0.178
5Y	1.847	0.692	+1.155
10Y	1.473	0.726	+0.747

Measures if Darling Ingredients Inc 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 Darling Ingredients Inc to the Packaged Foods 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 Darling Ingredients Inc can pay off its short term debts. This shows if Darling Ingredients Inc 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 Darling Ingredients Inc is 0.95. This means that Darling Ingredients Inc can pay off $0.95 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Packaged Foods industry is 0.55.
What is the trend?
The trend is important because it shows you how Darling Ingredients Inc is performing over time. The most recent quarter might be important if Darling Ingredients Inc 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 Darling Ingredients Inc 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 Darling Ingredients Inc

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 Darling Ingredients Inc: (126,794 + 0 +821,890) / 998,137 = 0.95

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 Darling Ingredients Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Darling Ingredients Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Darling Ingredients Inc to Packaged Foods industry mean.
A Debt to Asset Ratio of 0.58 means that Darling Ingredients Inc assets are financed with 57.6% credit (debt) and the remaining percentage (100% - 57.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Darling Ingredients Inc:

The MRQ is 0.576. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.594. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.576	TTM	0.594	-0.019
TTM	0.594	YOY	0.547	+0.048
TTM	0.594	5Y	0.521	+0.074
5Y	0.521	10Y	0.546	-0.025

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	0.576	0.485	+0.091
TTM	0.594	0.490	+0.104
YOY	0.547	0.481	+0.066
5Y	0.521	0.483	+0.038
10Y	0.546	0.489	+0.057

Measures how much % of Darling Ingredients Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Darling Ingredients Inc to Packaged Foods 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 Darling Ingredients Inc is 0.58. This means means that Darling Ingredients Inc is financed with 57.6% 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 Packaged Foods industry is 155.4%.
What is the trend?
The trend is important because it shows you how Darling Ingredients Inc is performing over time. The most recent quarter might be important if Darling Ingredients Inc 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 Darling Ingredients Inc 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 Darling Ingredients Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Darling Ingredients Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
6,367,393 \ 11,061,084 = 57.6% or 0.58.

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 Darling Ingredients Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Darling Ingredients Inc to the Packaged Foods industry mean.
A Debt to Equity ratio of 138.3% means that company has $1.38 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Darling Ingredients Inc:

The MRQ is 1.383. The company is able to pay all its debts with equity. +1
The TTM is 1.499. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.383	TTM	1.499	-0.116
TTM	1.499	YOY	1.254	+0.245
TTM	1.499	5Y	1.138	+0.360
5Y	1.138	10Y	1.273	-0.135

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	1.383	0.959	+0.424
TTM	1.499	0.976	+0.523
YOY	1.254	0.935	+0.319
5Y	1.138	0.996	+0.142
10Y	1.273	1.075	+0.198

Measures if Darling Ingredients Inc 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 Darling Ingredients Inc 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 Darling Ingredients Inc is 1.38. This means that Darling Ingredients Inc can pay off $1.38 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Packaged Foods industry is 0.96.
What is the trend?
The trend is important because it shows you how Darling Ingredients Inc is performing over time. The most recent quarter might be important if Darling Ingredients Inc 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 Darling Ingredients Inc 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 Darling Ingredients Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
6,367,393 \ 4,605,431 = 1.38 or 138.3%

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 Darling Ingredients Inc

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 Darling Ingredients Inc generates.

Above 15 is considered overpriced but always compare Darling Ingredients Inc to the Packaged Foods industry mean.
A PE ratio of 23.87 means the investor is paying $23.87 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Darling Ingredients Inc:

The EOD is 21.680. Based on the earnings, the company is fair priced.
The MRQ is 23.874. Based on the earnings, the company is fair priced.
The TTM is 15.970. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	21.680	MRQ	23.874	-2.194
MRQ	23.874	TTM	15.970	+7.903
TTM	15.970	YOY	15.071	+0.899
TTM	15.970	5Y	20.527	-4.557
5Y	20.527	10Y	165.693	-145.166

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
EOD	21.680	13.646	+8.034
MRQ	23.874	12.860	+11.014
TTM	15.970	13.975	+1.995
YOY	15.071	12.937	+2.134
5Y	20.527	16.287	+4.240
10Y	165.693	18.930	+146.763

Measures how much money you pay for each share for every $1 in earnings Darling Ingredients Inc 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 Darling Ingredients Inc to the Packaged Foods 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 Darling Ingredients Inc is 23.87. This means the investor is paying $23.87 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Packaged Foods industry is 12.86.
What is the trend?
The trend is important because it shows you how Darling Ingredients Inc is performing over time. The most recent quarter might be important if Darling Ingredients Inc 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 Darling Ingredients Inc 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 Darling Ingredients Inc

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 \ 161,935 = EPS
PE ratio MRQ = 23.87

* 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 Darling Ingredients Inc:

The EOD is 43.576. Based on how much money comes from the company's main activities, the company is fair priced.
The MRQ is 47.986. Based on how much money comes from the company's main activities, the company is fair priced.
The TTM is 30.790. Based on how much money comes from the company's main activities, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	43.576	MRQ	47.986	-4.410
MRQ	47.986	TTM	30.790	+17.196
TTM	30.790	YOY	35.062	-4.272
TTM	30.790	5Y	18.849	+11.941
5Y	18.849	10Y	21.664	-2.815

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
EOD	43.576	3.523	+40.053
MRQ	47.986	3.344	+44.642
TTM	30.790	1.746	+29.044
YOY	35.062	0.147	+34.915
5Y	18.849	1.627	+17.222
10Y	21.664	1.610	+20.054

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Packaged Foods industry mean).
A PB ratio of 1.72 means the investor is paying $1.72 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Darling Ingredients Inc:

The EOD is 1.561. Based on the equity, the company is underpriced. +1
The MRQ is 1.720. Based on the equity, the company is underpriced. +1
The TTM is 2.063. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.561	MRQ	1.720	-0.158
MRQ	1.720	TTM	2.063	-0.343
TTM	2.063	YOY	3.031	-0.968
TTM	2.063	5Y	2.467	-0.404
5Y	2.467	10Y	1.861	+0.606

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
EOD	1.561	1.461	+0.100
MRQ	1.720	1.462	+0.258
TTM	2.063	1.457	+0.606
YOY	3.031	1.742	+1.289
5Y	2.467	1.848	+0.619
10Y	1.861	2.378	-0.517

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Darling Ingredients Inc.

3.1. Institutions holding Darling Ingredients Inc

Institutions are holding 102.772% of the shares of Darling Ingredients Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	11.8026	0.024	18858106	-1399626	-6.9091
2023-12-31	Vanguard Group Inc	9.6246	0.0167	15378170	83219	0.5441
2023-12-31	State Street Corporation	3.6612	0.0142	5849921	456007	8.4541
2023-12-31	Grantham, Mayo, Van Otterloo & Co., LLC	3.2328	1.1361	5165384	409523	8.6109
2023-12-31	Handelsbanken Fonder AB	2.3952	0.9268	3827002	-139710	-3.5221
2023-12-31	Impax Asset Management Group PLC	2.3733	0.7556	3792091	-167507	-4.2304
2023-12-31	Deutsche Bank AG	2.1837	0.0887	3489047	-369162	-9.5682
2023-12-31	FMR Inc	2.167	0.0133	3462473	258311	8.0617
2023-12-31	Bank of New York Mellon Corp	2.1451	0.0346	3427361	1350745	65.0455
2023-12-31	Goldman Sachs Group Inc	1.9966	0.0143	3190178	1808852	130.9504
2023-12-31	Earnest Partners LLC	1.9553	0.7775	3124188	-125857	-3.8725
2023-12-31	Davis Selected Advisers	1.925	0.8662	3075812	-33337	-1.0722
2023-12-31	Geode Capital Management, LLC	1.5881	0.0132	2537469	115578	4.7722
2023-12-31	Dimensional Fund Advisors, Inc.	1.563	0.0364	2497432	-219644	-8.0838
2023-09-30	Citadel Advisors Llc	1.4777	0.0264	2361087	1362294	136.394
2023-12-31	NORGES BANK	1.1886	0.0165	1899085	-263585	-12.1879
2023-12-31	Balyasny Asset Management LLC	1.1636	0.174	1859165	1859165	0
2023-12-31	Morgan Stanley - Brokerage Accounts	1.1545	0.0081	1844697	770542	71.7347
2023-12-31	Fidelity International Ltd	1.1376	0.0952	1817643	-233801	-11.3969
2023-12-31	Gates Capital Management Inc	1.1162	2.0479	1783399	1783399	0
Total		55.8517	7.0857	89239710	+7305406	+8.2%

3.2. Funds holding Darling Ingredients Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1317	0.0137	5003765	-24304	-0.4834
2024-03-28	iShares Core S&P Mid-Cap ETF	3.1085	0.2716	4966696	0	0
2024-02-29	Vanguard Small Cap Index	2.5737	0.1238	4112171	38212	0.938
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4762	0.0978	2358668	4103	0.1743
2024-02-29	Vanguard Small Cap Growth Index Inv	1.4442	0.2798	2307496	34650	1.5245
2024-02-29	GMO Resources III	1.3151	4.4498	2101300	239700	12.876
2023-12-31	GMO Resources Composite	1.1803	4.4741	1885800	389500	26.0309
2023-12-31	BGF Sustainable Energy A2	0.8529	1.0108	1362726	-183500	-11.8676
2024-01-31	Impax Specialists Strategy Composite	0.8351	1.6166	1334336	4575	0.344
2024-02-29	Fidelity Value	0.8291	0.61	1324794	-59000	-4.2636
2024-03-31	Handelsbanken Hållbar Energi A1 SEK	0.8279	3.6886	1322753	-77826	-5.5567
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.7975	0.2564	1274188	4794	0.3777
2024-01-31	Impax Climate Strategy	0.7917	1.6198	1264996	-21528	-1.6733
2024-02-29	BNP Paribas Climate Impact Privl C	0.6822	1.559	1090066	198	0.0182
2024-01-31	Davis NY Venture A	0.6484	0.7233	1036029	-67880	-6.1491
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5996	0.097	958060	20700	2.2083
2024-03-28	iShares S&P Mid-Cap 400 Value ETF	0.5858	0.5696	935934	2670	0.2861
2024-02-29	GMO Climate Change Investment A GBP Acc	0.5758	5.1743	919949	68900	8.0959
2023-12-31	SouthernSun Small Cap	0.5719	6.591	913794	29428	3.3276
2024-02-29	GMO Climate Change III	0.5677	5.167	907010	100300	12.4332
Total		23.3953	38.394	37380531	+503692	+1.3%

3.3. Insider Transactions

Insiders are holding 1.031% of the shares of Darling Ingredients Inc.

Date	Owner	Type	Amount	Price
2024-02-29	Kurt Stoffel	BUY	8000	41.62
2023-11-20	Joseph Manzi	BUY	1025	43.38
2023-11-16	Robert W Day	BUY	1950	41.77
2023-11-15	Matthew J Jansen	BUY	11113	44.8
2023-11-13	Charles L Adair	BUY	500	41
2023-11-13	Patrick Mcnutt	BUY	1200	41.88
2023-11-10	Charles L Adair	BUY	500	42.14
2023-09-01	John Bullock	SELL	11532	61.67
2023-09-01	Randall C Stuewe	SELL	100000	62.43
2023-08-30	John Bullock	SELL	14133	63.13
2023-08-14	John Bullock	SELL	58600	65.12
2023-08-11	Gary W Mize	BUY	1550	63.97
2023-08-10	John Bullock	SELL	28734	65.1
2023-05-23	Randall C Stuewe	SELL	70000	65
2023-05-11	Larry Barden	BUY	3000	63.74

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Darling Ingredients Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	1.483	1.288	+15%	0.924	+61%	0.756	+96%	0.408	+263%
Book Value Per Share	-	-	28.985	27.303	+6%	22.284	+30%	19.979	+45%	16.419	+77%
Current Ratio	-	-	1.859	1.806	+3%	1.547	+20%	1.554	+20%	1.782	+4%
Debt To Asset Ratio	-	-	0.576	0.594	-3%	0.547	+5%	0.521	+11%	0.546	+6%
Debt To Equity Ratio	-	-	1.383	1.499	-8%	1.254	+10%	1.138	+21%	1.273	+9%
Dividend Per Share	-	-	-	0.007	-100%	0.006	-100%	0.072	-100%	0.050	-100%
Eps	-	-	0.522	0.997	-48%	1.123	-54%	0.800	-35%	0.486	+7%
Free Cash Flow Per Share	-	-	0.260	0.527	-51%	0.641	-59%	0.465	-44%	0.318	-18%
Free Cash Flow To Equity Per Share	-	-	0.100	1.871	-95%	3.192	-97%	1.069	-91%	0.735	-86%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	24.221	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	5.328	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	2.421	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	1.155	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	7.278	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	2.954	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	12.142	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	4.171	-	-	-	-	-	-	-	-
Market Cap	7231642800.000	-12%	8070840400.000	9103880125.000	-11%	11035137497.500	-27%	8283704631.000	-3%	5484977294.065	+47%
Net Profit Margin	-	-	0.053	0.095	-44%	0.114	-54%	0.105	-50%	0.066	-19%
Operating Margin	-	-	0.093	0.082	+13%	0.158	-42%	0.139	-33%	0.101	-8%
Operating Ratio	-	-	0.907	0.918	-1%	0.892	+2%	0.925	-2%	0.942	-4%
Pb Ratio	1.561	-10%	1.720	2.063	-17%	3.031	-43%	2.467	-30%	1.861	-8%
Pe Ratio	21.680	-10%	23.874	15.970	+49%	15.071	+58%	20.527	+16%	165.693	-86%
Price Per Share	45.260	-10%	49.840	56.058	-11%	67.230	-26%	50.084	0%	33.141	+50%
Price To Free Cash Flow Ratio	43.576	-10%	47.986	30.790	+56%	35.062	+37%	18.849	+155%	21.664	+121%
Price To Total Gains Ratio	30.515	-10%	33.603	167.897	-80%	86.466	-61%	92.860	-64%	54.648	-39%
Quick Ratio	-	-	0.950	0.873	+9%	0.791	+20%	1.847	-49%	1.473	-35%
Return On Assets	-	-	0.008	0.015	-48%	0.023	-67%	0.019	-59%	0.012	-35%
Return On Equity	-	-	0.018	0.038	-51%	0.052	-65%	0.040	-54%	0.026	-29%
Total Gains Per Share	-	-	1.483	1.296	+14%	0.930	+60%	0.828	+79%	0.458	+224%
Usd Book Value	-	-	4693691000.000	4433208750.000	+6%	3656869250.000	+28%	3303343000.000	+42%	2717747625.000	+73%
Usd Book Value Change Per Share	-	-	1.483	1.288	+15%	0.924	+61%	0.756	+96%	0.408	+263%
Usd Book Value Per Share	-	-	28.985	27.303	+6%	22.284	+30%	19.979	+45%	16.419	+77%
Usd Dividend Per Share	-	-	-	0.007	-100%	0.006	-100%	0.072	-100%	0.050	-100%
Usd Eps	-	-	0.522	0.997	-48%	1.123	-54%	0.800	-35%	0.486	+7%
Usd Free Cash Flow	-	-	42048000.000	85564750.000	-51%	105234500.000	-60%	76670750.000	-45%	52641150.000	-20%
Usd Free Cash Flow Per Share	-	-	0.260	0.527	-51%	0.641	-59%	0.465	-44%	0.318	-18%
Usd Free Cash Flow To Equity Per Share	-	-	0.100	1.871	-95%	3.192	-97%	1.069	-91%	0.735	-86%
Usd Market Cap	7231642800.000	-12%	8070840400.000	9103880125.000	-11%	11035137497.500	-27%	8283704631.000	-3%	5484977294.065	+47%
Usd Price Per Share	45.260	-10%	49.840	56.058	-11%	67.230	-26%	50.084	0%	33.141	+50%
Usd Profit	-	-	84516000.000	161931500.000	-48%	184422500.000	-54%	132287450.000	-36%	78019300.000	+8%
Usd Revenue	-	-	1600685000.000	1687498500.000	-5%	1633051000.000	-2%	1247969750.000	+28%	1067593225.000	+50%
Usd Total Gains Per Share	-	-	1.483	1.296	+14%	0.930	+60%	0.828	+79%	0.458	+224%
	EOD	+4 -4	MRQ	TTM	+15 -20	YOY	+11 -24	5Y	+12 -23	10Y	+18 -17

4.2. Fundamental Score

Let's check the fundamental score of Darling Ingredients Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	21.680
Price to Book Ratio (EOD)	Between	0-1	1.561
Net Profit Margin (MRQ)	Greater than	0	0.053
Operating Margin (MRQ)	Greater than	0	0.093
Quick Ratio (MRQ)	Greater than	1	0.950
Current Ratio (MRQ)	Greater than	1	1.859
Debt to Asset Ratio (MRQ)	Less than	1	0.576
Debt to Equity Ratio (MRQ)	Less than	1	1.383
Return on Equity (MRQ)	Greater than	0.15	0.018
Return on Assets (MRQ)	Greater than	0.05	0.008
Total			4/10 (40.0%)

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4.3. Technical Score

Let's check the technical score of Darling Ingredients Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.429
Ma 20	Greater than	Ma 50	44.294
Ma 50	Greater than	Ma 100	43.875
Ma 100	Greater than	Ma 200	44.902
Open	Greater than	Close	42.170
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

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

Summary

Total Assets	11,061,084
Total Liabilities	6,367,393
Total Stockholder Equity	4,605,431

	As reported
Total Liabilities	6,367,393
Total Stockholder Equity	+ 4,605,431
Total Assets	= 11,061,084

Assets

Total Assets	11,061,084
Total Current Assets	1,855,666
Long-term Assets	9,205,418

Total Current Assets

Total Current Assets (as reported)	1,855,666
Cash And Cash Equivalents	126,794
Net Receivables	821,890
Inventory	758,739
Other Current Assets	148,243
Total Current Assets (calculated)	1,855,666
+/-	0

Long-term Assets

Long-term Assets (as reported)	9,205,418
Property Plant Equipment	3,140,724
Goodwill	2,484,502
Long Term Investments	2,251,629
Intangible Assets	1,075,892
Long-term Assets Other	234,960
Long-term Assets (calculated)	9,187,707
+/-	17,711

Liabilities & Shareholders' Equity

Total Current Liabilities	998,137
Long-term Liabilities	5,369,256
Total Stockholder Equity	4,605,431

Total Current Liabilities

Total Current Liabilities (as reported)	998,137
Short-term Debt	116,028
Short Long Term Debt	60,703
Accounts payable	425,588
Other Current Liabilities	440,999
Total Current Liabilities (calculated)	1,043,318
+/-	45,181

Long-term Liabilities

Long-term Liabilities (as reported)	5,369,256
Long term Debt	4,366,370
Capital Lease Obligations	210,228
Long-term Liabilities Other	228,734
Long-term Liabilities (calculated)	4,805,332
+/-	563,924

Total Stockholder Equity

Total Stockholder Equity (as reported)	4,605,431
Common Stock	1,744
Retained Earnings	3,733,254
Accumulated Other Comprehensive Income	-198,346
Other Stockholders Equity	1,068,779
Total Stockholder Equity (calculated)	4,605,431
+/-	0

Other

Capital Stock	1,744
Cash and Short Term Investments	126,794
Common Stock Shares Outstanding	161,935
Current Deferred Revenue	15,522
Liabilities and Stockholders Equity	11,061,084
Net Debt	4,510,507
Net Invested Capital	9,032,504
Net Working Capital	857,529
Property Plant and Equipment Gross	5,501,066
Short Long Term Debt Total	4,637,301

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

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2015-12-31

2015-09-30

2015-06-30

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2014-09-30

2014-06-30

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2013-12-31

2013-09-30

2013-06-30

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2012-12-31

2012-09-30

2012-06-30

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2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

> Total Assets

231,600
235,400
237,200
245,500
242,700
257,000
256,400
266,100
252,800
280,400
326,100
329,600
315,300
314,700
308,300
313,000
302,500
296,100
288,200
263,200
248,700
216,600
210,000
197,800
189,311
187,790
181,091
174,505
166,981
160,005
164,678
159,079
154,456
157,660
163,453
162,912
158,554
163,113
167,464
174,649
184,186
179,557
185,789
182,809
181,641
180,381
184,797
190,772
186,472
320,791
316,604
320,806
323,608
329,503
339,466
351,338
370,543
389,262
413,274
394,375
388,279
406,011
412,004
426,171
437,047
448,383
461,297
1,382,258
1,405,069
1,403,822
1,416,526
1,417,030
1,402,206
1,479,208
1,523,483
1,552,416
1,591,793
1,641,825
1,713,635
3,244,133
5,549,859
5,554,795
5,377,856
5,170,713
4,957,815
4,938,800
4,848,376
4,789,602
4,871,816
4,859,894
4,816,884
4,698,017
4,719,661
4,829,876
4,934,522
4,958,225
5,085,510
4,856,916
4,805,211
4,889,354
4,995,054
5,036,596
4,944,899
5,345,258
5,377,779
5,327,154
5,380,986
5,613,331
5,591,447
5,833,323
5,925,720
6,133,728
6,615,616
8,026,686
8,808,754
9,202,370
10,861,132
10,973,239
10,810,337
11,061,084

11,061,084

10,810,337

10,973,239

10,861,132

9,202,370

8,808,754

8,026,686

6,615,616

6,133,728

5,925,720

5,833,323

5,591,447

5,613,331

5,380,986

5,327,154

5,377,779

5,345,258

4,944,899

5,036,596

4,995,054

4,889,354

4,805,211

4,856,916

5,085,510

4,958,225

4,934,522

4,829,876

4,719,661

4,698,017

4,816,884

4,859,894

4,871,816

4,789,602

4,848,376

4,938,800

4,957,815

5,170,713

5,377,856

5,554,795

5,549,859

3,244,133

1,713,635

1,641,825

1,591,793

1,552,416

1,523,483

1,479,208

1,402,206

1,417,030

1,416,526

1,403,822

1,405,069

1,382,258

461,297

448,383

437,047

426,171

412,004

406,011

388,279

394,375

413,274

389,262

370,543

351,338

339,466

329,503

323,608

320,806

316,604

320,791

186,472

190,772

184,797

180,381

181,641

182,809

185,789

179,557

184,186

174,649

167,464

163,113

158,554

162,912

163,453

157,660

154,456

159,079

164,678

160,005

166,981

174,505

181,091

187,790

189,311

197,800

210,000

216,600

248,700

263,200

288,200

296,100

302,500

313,000

308,300

314,700

315,300

329,600

326,100

280,400

252,800

266,100

256,400

257,000

242,700

245,500

237,200

235,400

231,600

> Total Current Assets

38,900
44,300
47,500
54,100
51,500
59,500
53,300
64,100
52,100
62,900
68,600
69,700
55,300
59,500
56,600
57,200
47,600
48,300
48,700
49,200
43,200
37,400
39,000
37,100
35,426
38,316
39,845
45,857
43,131
39,793
47,172
41,891
37,533
43,990
55,420
56,307
51,928
58,099
63,388
72,195
83,312
78,097
85,501
80,973
80,413
78,314
80,053
83,075
81,152
71,625
71,291
74,661
80,771
89,807
102,568
115,093
135,898
151,992
157,195
138,469
122,541
144,972
155,062
146,377
159,686
153,998
165,582
185,586
218,719
212,306
222,784
219,680
193,724
248,054
275,023
290,262
312,962
322,970
224,331
1,127,502
1,098,438
1,147,777
1,143,369
1,053,613
1,043,791
1,036,506
1,005,623
931,788
960,283
1,004,158
963,003
893,302
927,301
924,929
962,216
956,445
971,080
918,198
878,478
897,942
871,175
867,138
853,681
917,288
930,060
931,051
931,174
986,994
940,767
1,022,580
1,103,644
1,089,014
1,259,033
1,461,826
1,562,036
1,638,097
1,902,506
1,875,957
1,842,995
1,855,666

1,855,666

1,842,995

1,875,957

1,902,506

1,638,097

1,562,036

1,461,826

1,259,033

1,089,014

1,103,644

1,022,580

940,767

986,994

931,174

931,051

930,060

917,288

853,681

867,138

871,175

897,942

878,478

918,198

971,080

956,445

962,216

924,929

927,301

893,302

963,003

1,004,158

960,283

931,788

1,005,623

1,036,506

1,043,791

1,053,613

1,143,369

1,147,777

1,098,438

1,127,502

224,331

322,970

312,962

290,262

275,023

248,054

193,724

219,680

222,784

212,306

218,719

185,586

165,582

153,998

159,686

146,377

155,062

144,972

122,541

138,469

157,195

151,992

135,898

115,093

102,568

89,807

80,771

74,661

71,291

71,625

81,152

83,075

80,053

78,314

80,413

80,973

85,501

78,097

83,312

72,195

63,388

58,099

51,928

56,307

55,420

43,990

37,533

41,891

47,172

39,793

43,131

45,857

39,845

38,316

35,426

37,100

39,000

37,400

43,200

49,200

48,700

48,300

47,600

57,200

56,600

59,500

55,300

69,700

68,600

62,900

52,100

64,100

53,300

59,500

51,500

54,100

47,500

44,300

38,900

Cash And Cash Equivalents

1,700
5,600
3,700
5,100
3,400
10,300
7,600
11,600
5,800
9,900
12,000
13,000
3,400
6,200
1,800
3,000
3,500
3,300
3,400
12,300
1,600
1,600
2,800
1,800
1,983
1,941
5,498
3,509
2,853
3,107
3,408
3,668
2,999
2,795
9,694
15,537
10,863
15,261
15,775
25,383
38,161
36,509
41,191
39,628
38,617
32,368
36,739
36,000
37,188
5,731
6,151
5,281
5,271
6,161
5,873
16,335
38,881
44,596
43,214
50,814
38,178
57,786
70,674
68,182
76,718
66,486
77,075
19,202
38,046
12,444
28,550
38,936
27,584
72,254
87,686
103,249
121,777
133,571
8,011
870,857
143,422
143,785
193,427
108,784
112,131
126,020
148,886
156,884
147,326
157,815
148,585
114,564
138,880
124,817
110,146
106,774
122,869
104,120
81,470
107,262
95,716
87,011
69,122
72,935
76,339
76,185
65,845
81,617
71,199
77,741
67,188
68,906
99,460
146,730
126,032
127,016
132,572
111,541
118,977
126,794

126,794

118,977

111,541

132,572

127,016

126,032

146,730

99,460

68,906

67,188

77,741

71,199

81,617

65,845

76,185

76,339

72,935

69,122

87,011

95,716

107,262

81,470

104,120

122,869

106,774

110,146

124,817

138,880

114,564

148,585

157,815

147,326

156,884

148,886

126,020

112,131

108,784

193,427

143,785

143,422

870,857

8,011

133,571

121,777

103,249

87,686

72,254

27,584

38,936

28,550

12,444

38,046

19,202

77,075

66,486

76,718

68,182

70,674

57,786

38,178

50,814

43,214

44,596

38,881

16,335

5,873

6,161

5,271

5,281

6,151

5,731

37,188

36,000

36,739

32,368

38,617

39,628

41,191

36,509

38,161

25,383

15,775

15,261

10,863

15,537

9,694

2,795

2,999

3,668

3,408

3,107

2,853

3,509

5,498

1,941

1,983

1,800

2,800

1,600

12,300

3,400

3,300

3,500

3,000

1,800

6,200

3,400

13,000

12,000

9,900

5,800

11,600

7,600

10,300

3,400

5,100

3,700

5,600

1,700

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,379
0
0
0
2,349
0
0
0
480
458
448
440
433
409
331
322
449
430
375
379
397
388
375
373
373
384
376
368
365
381
367
363
361
377
361
358
354
364
350
346
343
353
340
334
331
321
312
294
293
282
282
282
142
142
142
103
0
0
0
0
0
0
5,602,453
5,739,060
805
915,085
1,037,436
0
0
0
0
0
0
0
0
0
0

1,037,436

915,085

805

5,739,060

5,602,453

103

142

282

293

294

312

321

331

334

340

353

343

346

350

364

354

358

361

377

361

363

367

381

365

368

376

384

373

375

388

397

379

375

430

449

322

331

409

433

440

448

458

480

2,349

2,379

Net Receivables

19,600
21,200
25,000
26,800
27,700
27,100
24,100
30,200
29,300
34,000
34,200
36,000
27,800
32,300
30,600
32,500
23,900
21,900
22,400
16,600
20,200
11,700
16,800
17,000
18,327
17,843
17,090
21,837
22,306
20,388
25,285
23,719
18,957
19,891
22,466
24,099
20,806
23,154
29,497
29,353
27,700
24,885
27,489
26,675
23,520
25,200
24,320
25,886
22,468
35,607
35,046
42,381
44,616
49,323
54,582
59,401
58,518
65,078
72,142
51,672
52,435
51,574
48,825
46,177
48,095
47,824
47,584
88,929
114,358
118,640
109,330
112,849
89,388
98,225
101,046
98,131
98,211
91,872
111,864
127,356
460,741
493,840
445,808
431,919
402,499
393,289
404,029
383,355
388,171
412,716
396,079
395,876
396,842
389,344
420,317
396,356
418,353
378,268
371,668
392,199
375,441
363,225
359,958
409,655
400,806
379,660
377,523
409,270
388,937
436,077
482,635
470,167
542,830
602,057
687,328
695,156
770,893
769,259
761,271
821,890

821,890

761,271

769,259

770,893

695,156

687,328

602,057

542,830

470,167

482,635

436,077

388,937

409,270

377,523

379,660

400,806

409,655

359,958

363,225

375,441

392,199

371,668

378,268

418,353

396,356

420,317

389,344

396,842

395,876

396,079

412,716

388,171

383,355

404,029

393,289

402,499

431,919

445,808

493,840

460,741

127,356

111,864

91,872

98,211

98,131

101,046

98,225

89,388

112,849

109,330

118,640

114,358

88,929

47,584

47,824

48,095

46,177

48,825

51,574

52,435

51,672

72,142

65,078

58,518

59,401

54,582

49,323

44,616

42,381

35,046

35,607

22,468

25,886

24,320

25,200

23,520

26,675

27,489

24,885

27,700

29,353

29,497

23,154

20,806

24,099

22,466

19,891

18,957

23,719

25,285

20,388

22,306

21,837

17,090

17,843

18,327

17,000

16,800

11,700

20,200

16,600

22,400

21,900

23,900

32,500

30,600

32,300

27,800

36,000

34,200

34,000

29,300

30,200

24,100

27,100

27,700

26,800

25,000

21,200

19,600

Inventory

9,000
7,500
10,200
13,700
11,700
10,200
12,200
11,600
10,800
11,800
15,300
12,600
17,000
11,800
14,500
13,900
12,800
12,600
13,000
11,700
9,100
10,300
8,500
9,600
8,471
8,167
8,981
8,300
7,443
6,794
8,937
7,698
7,874
8,289
7,471
7,006
10,984
8,917
7,560
7,837
7,735
7,494
8,053
6,000
7,591
8,630
7,700
6,601
6,829
16,517
14,356
14,562
18,248
19,552
20,623
22,481
27,959
30,300
29,623
22,182
18,142
20,073
20,436
19,057
20,698
24,723
26,570
45,606
49,765
63,137
66,546
50,830
58,481
56,160
63,515
65,065
62,664
63,114
71,280
65,133
410,521
431,529
420,082
401,613
398,179
396,423
366,775
344,583
372,616
364,362
359,095
330,815
342,114
359,635
375,098
358,183
373,121
370,555
361,679
341,028
339,882
348,309
353,003
362,957
381,432
394,708
406,805
405,922
420,659
428,203
476,295
457,465
491,694
578,402
641,980
673,621
828,789
825,130
822,765
758,739

758,739

822,765

825,130

828,789

673,621

641,980

578,402

491,694

457,465

476,295

428,203

420,659

405,922

406,805

394,708

381,432

362,957

353,003

348,309

339,882

341,028

361,679

370,555

373,121

358,183

375,098

359,635

342,114

330,815

359,095

364,362

372,616

344,583

366,775

396,423

398,179

401,613

420,082

431,529

410,521

65,133

71,280

63,114

62,664

65,065

63,515

56,160

58,481

50,830

66,546

63,137

49,765

45,606

26,570

24,723

20,698

19,057

20,436

20,073

18,142

22,182

29,623

30,300

27,959

22,481

20,623

19,552

18,248

14,562

14,356

16,517

6,829

6,601

7,700

8,630

7,591

6,000

8,053

7,494

7,735

7,837

7,560

8,917

10,984

7,006

7,471

8,289

7,874

7,698

8,937

6,794

7,443

8,300

8,981

8,167

8,471

9,600

8,500

10,300

9,100

11,700

13,000

12,600

12,800

13,900

14,500

11,800

17,000

12,600

15,300

11,800

10,800

11,600

12,200

10,200

11,700

13,700

10,200

7,500

9,000

Other Current Assets

8,600
10,000
8,600
8,500
8,700
11,900
9,400
10,700
6,200
7,200
7,100
8,100
7,100
9,200
9,700
7,800
7,400
10,500
9,900
8,600
12,300
13,800
10,900
8,700
6,645
10,365
8,276
12,211
2,940
2,962
2,969
209
184
2,842
5,378
1,031
1,063
1,012
993
1,176
1,143
737
731
850
839
28
6
6
9
151
307
5,036
3,861
5,859
12,776
8,417
5,829
7,559
6,796
6,696
6,926
8,195
7,233
5,348
6,974
7,803
7,154
25,100
9,599
12,353
11,205
9,235
9,840
12,654
12,297
10,847
6,651
5,344
4,193
46,513
32,978
33,022
21,583
21,324
30,642
24,102
8,718
10,460
11,570
25,822
18,609
21,770
16,331
13,101
17,101
56,664
15,888
21,148
20,253
22,099
20,959
24,127
25,061
25,032
26,270
34,392
28,532
42,289
9,544
21,734
13,721
38,599
64,387
57,462
26,301
56,324
61,234
53,188
38,119
148,243

148,243

38,119

53,188

61,234

56,324

26,301

57,462

64,387

38,599

13,721

21,734

9,544

42,289

28,532

34,392

26,270

25,032

25,061

24,127

20,959

22,099

20,253

21,148

15,888

56,664

17,101

13,101

16,331

21,770

18,609

25,822

11,570

10,460

8,718

24,102

30,642

21,324

21,583

33,022

32,978

46,513

4,193

5,344

6,651

10,847

12,297

12,654

9,840

9,235

11,205

12,353

9,599

25,100

7,154

7,803

6,974

5,348

7,233

8,195

6,926

6,696

6,796

7,559

5,829

8,417

12,776

5,859

3,861

5,036

307

151

839

850

731

737

1,143

1,176

993

1,012

1,063

1,031

5,378

2,842

184

209

2,969

2,962

2,940

12,211

8,276

10,365

6,645

8,700

10,900

13,800

12,300

8,600

9,900

10,500

7,400

7,800

9,700

9,200

7,100

8,100

7,100

7,200

6,200

10,700

9,400

11,900

8,700

8,500

8,600

10,000

8,600

> Long-term Assets

192,700
191,100
189,700
191,400
191,200
197,500
203,100
202,000
200,700
217,500
257,500
259,900
260,000
255,200
251,700
255,800
254,900
247,800
239,500
214,000
205,500
179,200
171,000
160,700
153,885
149,474
141,246
128,648
123,850
120,212
117,506
117,188
116,923
113,670
108,033
106,605
106,626
105,014
104,076
102,454
100,874
101,460
100,288
101,836
101,228
102,067
104,744
107,697
105,320
249,166
245,313
246,145
242,837
239,696
236,898
236,245
234,645
237,270
256,079
255,906
265,738
261,039
256,942
279,794
277,361
294,385
295,715
1,196,672
1,186,350
1,191,516
1,193,742
1,197,350
1,208,482
1,231,154
1,248,460
1,262,154
1,278,831
1,318,855
1,489,304
2,116,631
4,451,421
4,407,018
4,234,487
4,117,100
3,914,024
3,902,294
3,842,753
3,857,814
3,911,533
3,855,736
3,853,881
3,804,715
3,792,360
3,904,947
3,972,306
4,001,780
4,114,430
3,938,718
3,926,733
3,991,412
4,123,879
4,169,458
4,091,218
4,427,970
4,447,719
4,396,103
4,449,812
4,626,337
4,650,680
4,810,743
4,822,076
5,044,714
5,356,583
6,564,860
7,246,718
7,564,273
8,958,626
9,097,282
8,967,342
9,205,418

9,205,418

8,967,342

9,097,282

8,958,626

7,564,273

7,246,718

6,564,860

5,356,583

5,044,714

4,822,076

4,810,743

4,650,680

4,626,337

4,449,812

4,396,103

4,447,719

4,427,970

4,091,218

4,169,458

4,123,879

3,991,412

3,926,733

3,938,718

4,114,430

4,001,780

3,972,306

3,904,947

3,792,360

3,804,715

3,853,881

3,855,736

3,911,533

3,857,814

3,842,753

3,902,294

3,914,024

4,117,100

4,234,487

4,407,018

4,451,421

2,116,631

1,489,304

1,318,855

1,278,831

1,262,154

1,248,460

1,231,154

1,208,482

1,197,350

1,193,742

1,191,516

1,186,350

1,196,672

295,715

294,385

277,361

279,794

256,942

261,039

265,738

255,906

256,079

237,270

234,645

236,245

236,898

239,696

242,837

246,145

245,313

249,166

105,320

107,697

104,744

102,067

101,228

101,836

100,288

101,460

100,874

102,454

104,076

105,014

106,626

106,605

108,033

113,670

116,923

117,188

117,506

120,212

123,850

128,648

141,246

149,474

153,885

160,700

171,000

179,200

205,500

214,000

239,500

247,800

254,900

255,800

251,700

255,200

260,000

259,900

257,500

217,500

200,700

202,000

203,100

197,500

191,200

191,400

189,700

191,100

192,700

Property Plant Equipment

144,300
144,000
143,100
145,700
146,100
148,900
155,200
155,100
155,000
158,000
169,400
175,800
175,500
169,900
168,200
170,600
169,200
164,400
159,900
140,100
133,300
128,500
121,300
113,800
108,982
105,593
99,703
88,242
84,397
81,399
78,214
74,744
75,064
76,064
71,868
72,954
73,570
73,172
73,460
73,274
71,994
71,828
72,514
75,398
75,671
77,650
81,773
85,178
84,505
136,507
134,440
132,149
130,015
128,724
128,675
128,685
128,703
132,698
138,993
143,291
147,692
146,477
144,016
151,982
150,612
158,859
158,761
393,420
393,313
396,004
399,320
400,222
408,547
422,664
438,969
453,927
462,754
478,967
522,262
666,573
1,681,636
1,697,058
1,638,126
1,574,116
1,507,625
1,515,573
1,516,598
1,508,167
1,535,521
1,528,387
1,535,185
1,515,575
1,532,583
1,584,735
1,621,867
1,645,822
1,657,609
1,624,354
1,631,036
1,687,858
1,821,279
1,843,246
1,833,831
1,927,137
1,887,979
1,908,230
1,931,441
2,010,377
1,967,313
2,011,848
1,995,330
1,995,544
2,033,008
2,414,527
2,520,788
2,648,223
2,901,849
2,971,080
3,001,674
3,140,724

3,140,724

3,001,674

2,971,080

2,901,849

2,648,223

2,520,788

2,414,527

2,033,008

1,995,544

1,995,330

2,011,848

1,967,313

2,010,377

1,931,441

1,908,230

1,887,979

1,927,137

1,833,831

1,843,246

1,821,279

1,687,858

1,631,036

1,624,354

1,657,609

1,645,822

1,621,867

1,584,735

1,532,583

1,515,575

1,535,185

1,528,387

1,535,521

1,508,167

1,516,598

1,515,573

1,507,625

1,574,116

1,638,126

1,697,058

1,681,636

666,573

522,262

478,967

462,754

453,927

438,969

422,664

408,547

400,222

399,320

396,004

393,313

393,420

158,761

158,859

150,612

151,982

144,016

146,477

147,692

143,291

138,993

132,698

128,703

128,685

128,675

128,724

130,015

132,149

134,440

136,507

84,505

85,178

81,773

77,650

75,671

75,398

72,514

71,828

71,994

73,274

73,460

73,172

73,570

72,954

71,868

76,064

75,064

74,744

78,214

81,399

84,397

88,242

99,703

105,593

108,982

113,800

121,300

128,500

133,300

140,100

159,900

164,400

169,200

170,600

168,200

169,900

175,500

175,800

169,400

158,000

155,000

155,100

155,200

148,900

146,100

145,700

143,100

144,000

144,300

Goodwill

0
0
0
0
0
0
0
0
0
0
22,800
19,900
20,200
20,600
20,400
5,600
20,700
20,600
20,400
5,500
5,400
5,400
5,300
4,800
4,800
4,800
0
4,600
0
0
4,500
4,429
4,429
4,400
4,400
4,400
4,400
4,400
4,400
4,400
4,400
4,400
4,400
4,400
4,400
4,429
4,429
4,429
4,429
72,580
72,221
71,856
71,856
71,856
71,856
71,856
71,856
71,856
80,063
61,133
66,958
66,958
69,458
79,085
79,085
81,745
84,655
376,263
377,997
378,050
381,635
381,369
381,369
381,369
381,369
381,369
381,369
381,369
446,742
701,637
1,476,541
1,442,299
1,393,289
1,320,419
1,255,105
1,261,610
1,253,693
1,233,102
1,269,296
1,258,480
1,256,376
1,225,893
1,233,271
1,271,927
1,298,266
1,301,093
1,309,608
1,232,964
1,233,545
1,229,159
1,222,382
1,233,486
1,212,313
1,223,291
1,202,592
1,217,177
1,239,343
1,260,240
1,241,242
1,245,549
1,232,179
1,219,116
1,236,524
1,555,814
1,900,267
1,970,377
2,587,587
2,566,169
2,447,376
2,484,502

2,484,502

2,447,376

2,566,169

2,587,587

1,970,377

1,900,267

1,555,814

1,236,524

1,219,116

1,232,179

1,245,549

1,241,242

1,260,240

1,239,343

1,217,177

1,202,592

1,223,291

1,212,313

1,233,486

1,222,382

1,229,159

1,233,545

1,232,964

1,309,608

1,301,093

1,298,266

1,271,927

1,233,271

1,225,893

1,256,376

1,258,480

1,269,296

1,233,102

1,253,693

1,261,610

1,255,105

1,320,419

1,393,289

1,442,299

1,476,541

701,637

446,742

381,369

381,635

378,050

377,997

376,263

84,655

81,745

79,085

69,458

66,958

61,133

80,063

71,856

72,221

72,580

4,429

4,400

4,429

4,500

4,600

4,800

5,300

5,400

5,500

20,400

20,600

20,700

5,600

20,400

20,600

20,200

19,900

22,800

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
21,733
0
9,567
12,898
21,733
32,848
46,359
54,424
62,495
73,835
104,297
116,250
115,114
149,025
147,662
144,503
202,712
198,639
177,036
165,137
247,238
256,604
243,801
261,690
292,717
270,921
279,814
290,028
302,038
409,135
399,097
398,794
410,177
433,381
458,032
447,689
689,354
802,184
729,094
742,875
804,682
915,085
1,037,436
1,107,834
1,349,247
1,563,840
1,736,242
1,814,583
1,926,395
2,125,126
2,214,312
2,164,182
2,251,629

2,251,629

2,164,182

2,214,312

2,125,126

1,926,395

1,814,583

1,736,242

1,563,840

1,349,247

1,107,834

1,037,436

915,085

804,682

742,875

729,094

802,184

689,354

447,689

458,032

433,381

410,177

398,794

399,097

409,135

302,038

290,028

279,814

270,921

292,717

261,690

243,801

256,604

247,238

165,137

177,036

198,639

202,712

144,503

147,662

149,025

115,114

116,250

104,297

73,835

62,495

54,424

46,359

32,848

21,733

12,898

9,567

21,733

Intangible Assets

44,100
44,400
43,900
42,800
41,900
44,900
43,900
42,900
41,900
47,600
83,700
79,800
80,500
80,000
78,200
79,600
80,500
78,700
20,400
48,400
47,000
45,500
44,000
4,800
40,689
39,429
38,135
4,632
4,581
4,530
4,479
27,366
26,231
29,591
4,429
27,517
27,046
26,044
4,429
4,429
22,875
4,429
4,429
4,429
4,429
4,429
4,429
16,898
11,480
36,114
34,882
33,657
32,440
31,223
30,239
29,037
27,830
26,624
30,846
35,982
38,372
37,397
36,437
40,298
39,355
44,596
43,434
390,954
383,883
376,881
369,898
362,914
355,931
351,349
344,299
337,402
331,002
325,765
364,415
588,664
1,054,608
1,037,479
979,781
932,413
869,800
852,490
815,729
782,349
792,166
769,427
747,522
711,927
697,820
703,182
697,908
676,500
659,855
610,878
593,234
595,862
579,313
565,976
537,360
526,394
497,779
485,148
474,793
473,680
452,539
439,035
417,409
397,801
409,627
760,079
873,613
865,122
1,091,137
1,074,604
1,091,446
1,075,892

1,075,892

1,091,446

1,074,604

1,091,137

865,122

873,613

760,079

409,627

397,801

417,409

439,035

452,539

473,680

474,793

485,148

497,779

526,394

537,360

565,976

579,313

595,862

593,234

610,878

659,855

676,500

697,908

703,182

697,820

711,927

747,522

769,427

792,166

782,349

815,729

852,490

869,800

932,413

979,781

1,037,479

1,054,608

588,664

364,415

325,765

331,002

337,402

344,299

351,349

355,931

362,914

369,898

376,881

383,883

390,954

43,434

44,596

39,355

40,298

36,437

37,397

38,372

35,982

30,846

26,624

27,830

29,037

30,239

31,223

32,440

33,657

34,882

36,114

11,480

16,898

4,429

22,875

4,429

26,044

27,046

27,517

4,429

29,591

26,231

27,366

4,479

4,530

4,581

4,632

38,135

39,429

40,689

4,800

44,000

45,500

47,000

48,400

20,400

78,700

80,500

79,600

78,200

80,000

80,500

79,800

83,700

47,600

41,900

42,900

43,900

44,900

41,900

42,800

43,900

44,400

44,100

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
1,524,837
1,604,081
0
0
0
0
0
0
0
0
0
0
0
0
0

1,604,081

1,524,837

Long-term Assets Other

4,300
2,700
2,700
2,900
3,200
3,700
4,000
4,000
3,800
11,900
4,400
4,300
4,000
5,300
5,300
5,600
5,200
4,700
59,200
25,500
25,200
5,200
5,700
42,100
4,214
4,452
3,408
35,774
34,872
34,283
34,813
10,649
11,199
8,015
31,736
6,134
6,010
5,798
26,187
24,751
6,005
25,203
23,345
22,009
21,128
19,988
18,542
18,090
4,906
3,965
3,770
6,683
6,603
6,642
6,128
6,667
6,256
6,092
6,177
6,623
6,840
6,867
7,031
8,429
8,309
9,185
8,865
36,035
31,157
25,658
23,206
31,112
21,737
21,019
29,399
26,961
18,636
14,836
25,277
44,643
79,984
76,077
72,170
71,009
67,023
79,833
75,523
70,606
40,584
38,592
35,912
43,613
42,138
48,239
47,018
62,284
63,037
56,802
54,574
53,375
53,487
54,353
46,179
47,400
42,653
41,651
45,598
60,682
59,099
61,000
53,887
66,795
97,709
81,886
122,668
136,268
231,960
246,032
238,053
234,960

234,960

238,053

246,032

231,960

136,268

122,668

81,886

97,709

66,795

53,887

61,000

59,099

60,682

45,598

41,651

42,653

47,400

46,179

54,353

53,487

53,375

54,574

56,802

63,037

62,284

47,018

48,239

42,138

43,613

35,912

38,592

40,584

70,606

75,523

79,833

67,023

71,009

72,170

76,077

79,984

44,643

25,277

14,836

18,636

26,961

29,399

21,019

21,737

31,112

23,206

25,658

31,157

36,035

8,865

9,185

8,309

8,429

7,031

6,867

6,840

6,623

6,177

6,092

6,256

6,667

6,128

6,642

6,603

6,683

3,770

3,965

4,906

18,090

18,542

19,988

21,128

22,009

23,345

25,203

6,005

24,751

26,187

5,798

6,010

6,134

31,736

8,015

11,199

10,649

34,813

34,283

34,872

35,774

3,408

4,452

4,214

42,100

5,700

5,200

25,200

25,500

59,200

4,700

5,200

5,600

5,300

4,000

4,300

4,400

11,900

3,800

4,000

3,700

3,200

2,900

2,700

4,300

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,627
6,443
6,618
16,431
15,832
15,752
16,073
16,352
17,362
17,049
17,196
14,990
15,627
17,050
17,219
14,043
15,186
14,623
0
14,981
0
0
0
14,394
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

14,394

14,981

14,623

15,186

14,043

17,219

17,050

15,627

14,990

17,196

17,049

17,362

16,352

16,073

15,752

15,832

16,431

6,618

6,443

9,627

> Total Liabilities

203,400
205,700
204,700
206,000
198,200
207,300
204,600
211,300
194,000
217,500
264,400
265,600
250,700
246,300
240,300
243,200
234,100
230,300
229,300
225,300
215,300
187,600
186,200
175,900
170,424
173,549
172,019
171,781
165,715
164,151
172,343
168,733
163,527
127,008
128,229
126,998
119,573
121,293
120,472
119,367
124,889
115,870
117,399
115,574
113,284
109,133
111,274
117,092
111,987
178,393
169,744
169,481
162,109
157,408
155,935
150,354
147,536
139,750
140,718
157,797
145,024
150,407
139,805
141,294
138,589
138,011
139,344
917,962
598,000
543,092
514,037
496,655
446,240
484,020
487,902
489,980
493,934
514,715
555,328
1,223,181
3,454,107
3,430,928
3,306,426
3,119,579
2,999,874
2,969,689
2,931,503
2,814,992
2,841,005
2,801,818
2,731,487
2,621,795
2,615,824
2,662,670
2,729,835
2,630,528
2,646,271
2,518,885
2,489,908
2,553,533
2,638,355
2,629,961
2,572,007
2,701,908
2,769,337
2,628,800
2,545,797
2,659,122
2,561,501
2,649,513
2,656,483
2,785,943
3,119,966
4,460,163
5,139,940
5,305,880
6,739,533
6,522,676
6,343,355
6,367,393

6,367,393

6,343,355

6,522,676

6,739,533

5,305,880

5,139,940

4,460,163

3,119,966

2,785,943

2,656,483

2,649,513

2,561,501

2,659,122

2,545,797

2,628,800

2,769,337

2,701,908

2,572,007

2,629,961

2,638,355

2,553,533

2,489,908

2,518,885

2,646,271

2,630,528

2,729,835

2,662,670

2,615,824

2,621,795

2,731,487

2,801,818

2,841,005

2,814,992

2,931,503

2,969,689

2,999,874

3,119,579

3,306,426

3,430,928

3,454,107

1,223,181

555,328

514,715

493,934

489,980

487,902

484,020

446,240

496,655

514,037

543,092

598,000

917,962

139,344

138,011

138,589

141,294

139,805

150,407

145,024

157,797

140,718

139,750

147,536

150,354

155,935

157,408

162,109

169,481

169,744

178,393

111,987

117,092

111,274

109,133

113,284

115,574

117,399

115,870

124,889

119,367

120,472

121,293

119,573

126,998

128,229

127,008

163,527

168,733

172,343

164,151

165,715

171,781

172,019

173,549

170,424

175,900

186,200

187,600

215,300

225,300

229,300

230,300

234,100

243,200

240,300

246,300

250,700

265,600

264,400

217,500

194,000

211,300

204,600

207,300

198,200

206,000

204,700

205,700

203,400

> Total Current Liabilities

42,800
50,500
48,000
57,100
53,800
54,800
43,900
51,200
45,700
53,100
70,600
77,700
66,600
59,500
52,800
53,800
48,500
50,900
187,800
46,100
38,400
40,800
44,100
42,400
35,283
151,700
148,017
152,666
147,205
153,596
161,936
158,609
40,819
38,521
40,626
47,155
46,055
48,453
48,974
41,006
47,882
40,894
44,089
41,371
42,740
41,087
44,635
42,668
39,102
52,319
52,683
56,796
60,481
62,737
73,501
80,708
80,708
75,139
81,956
71,023
59,496
66,290
70,696
71,277
70,922
69,421
74,151
154,830
172,207
151,553
146,434
127,257
103,641
134,677
135,625
131,684
122,170
133,981
148,235
176,804
529,727
557,169
544,290
484,043
475,571
465,019
455,354
443,746
451,856
466,698
459,660
451,851
451,794
488,980
546,264
559,483
506,869
482,730
485,831
540,498
546,172
566,306
595,893
688,339
651,746
606,296
623,554
675,305
637,707
692,212
756,197
752,684
813,414
919,827
1,027,983
1,068,443
1,099,024
1,013,549
1,033,703
998,137

998,137

1,033,703

1,013,549

1,099,024

1,068,443

1,027,983

919,827

813,414

752,684

756,197

692,212

637,707

675,305

623,554

606,296

651,746

688,339

595,893

566,306

546,172

540,498

485,831

482,730

506,869

559,483

546,264

488,980

451,794

451,851

459,660

466,698

451,856

443,746

455,354

465,019

475,571

484,043

544,290

557,169

529,727

176,804

148,235

133,981

122,170

131,684

135,625

134,677

103,641

127,257

146,434

151,553

172,207

154,830

74,151

69,421

70,922

71,277

70,696

66,290

59,496

71,023

81,956

75,139

80,708

73,501

62,737

60,481

56,796

52,683

52,319

39,102

42,668

44,635

41,087

42,740

41,371

44,089

40,894

47,882

41,006

48,974

48,453

46,055

47,155

40,626

38,521

40,819

158,609

161,936

153,596

147,205

152,666

148,017

151,700

35,283

42,400

44,100

40,800

38,400

46,100

187,800

50,900

48,500

53,800

52,800

59,500

66,600

77,700

70,600

53,100

45,700

51,200

43,900

54,800

53,800

57,100

48,000

50,500

42,800

Short-term Debt

11,300
11,400
11,400
11,600
13,900
10,000
10,100
9,100
8,000
8,000
8,600
15,600
18,100
5,100
5,100
5,100
5,100
5,100
142,600
7,700
8,300
11,100
10,100
7,800
6,905
119,858
114,974
109,528
109,018
125,371
124,174
120,053
5,120
4,265
4,352
8,372
8,033
7,813
8,656
7,489
5,041
5,036
5,030
5,030
5,029
5,027
5,026
5,026
5,022
5,015
5,009
5,004
5,000
5,000
5,000
6,250
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,009
5,009
5,009
5,009
3,009
9
161
314
10
10
10
80
82
83
85
86
19,888
62,451
68,616
60,197
54,401
81,195
50,884
47,966
47,244
46,591
30,842
27,169
23,247
24,965
19,370
18,215
16,143
16,722
7,466
11,100
7,492
63,469
72,580
96,315
128,801
123,869
82,290
67,158
66,997
65,061
81,831
95,320
62,575
76,986
78,193
107,703
119,078
164,160
136,466
126,240
116,028

116,028

126,240

136,466

164,160

119,078

107,703

78,193

76,986

62,575

95,320

81,831

65,061

66,997

67,158

82,290

123,869

128,801

96,315

72,580

63,469

7,492

11,100

7,466

16,722

16,143

18,215

19,370

24,965

23,247

27,169

30,842

46,591

47,244

47,966

50,884

81,195

54,401

60,197

68,616

62,451

19,888

314

161

3,009

5,009

5,000

6,250

5,000

5,004

5,009

5,015

5,022

5,026

5,027

5,029

5,030

5,036

5,041

7,489

8,656

7,813

8,033

8,372

4,352

4,265

5,120

120,053

124,174

125,371

109,018

109,528

114,974

119,858

6,905

7,800

10,100

11,100

8,300

7,700

142,600

5,100

18,100

15,600

8,600

8,000

9,100

10,100

10,000

13,900

11,600

11,400

11,300

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
54,401
0
0
0
45,166
46,591
30,842
27,169
23,247
24,965
1,746,923
18,215
16,143
16,722
7,466
11,100
7,221
23,693
35,877
61,092
90,996
86,397
42,758
26,185
27,538
26,997
41,603
55,138
24,407
35,337
32,695
63,663
69,846
118,804
88,085
73,862
60,703

60,703

73,862

88,085

118,804

69,846

63,663

32,695

35,337

24,407

55,138

41,603

26,997

27,538

26,185

42,758

86,397

90,996

61,092

35,877

23,693

7,221

11,100

7,466

16,722

16,143

18,215

1,746,923

24,965

23,247

27,169

30,842

46,591

45,166

54,401

Accounts payable

10,500
11,100
11,900
19,600
14,600
15,600
13,800
17,400
17,800
20,300
32,000
27,700
20,600
22,900
19,400
22,400
17,900
19,600
17,300
15,500
9,500
7,700
10,600
11,100
7,472
7,315
8,179
14,341
10,874
9,278
13,899
11,104
7,864
8,164
8,551
9,902
9,974
9,206
10,327
9,059
8,283
7,173
9,391
8,144
8,363
8,975
9,264
12,264
7,726
17,498
14,808
17,471
16,390
21,739
23,239
24,879
26,909
30,491
31,735
16,243
17,175
19,162
20,564
18,746
23,564
21,654
22,257
70,123
74,510
88,021
70,838
60,402
44,078
71,329
58,670
54,014
57,812
65,188
48,554
43,742
316,080
313,171
170,402
168,518
161,853
164,424
155,549
149,998
170,895
177,303
168,556
180,895
181,439
186,458
213,592
217,417
188,048
185,150
177,769
219,479
192,511
208,901
192,010
239,252
211,596
197,528
206,998
255,340
245,648
264,447
272,844
307,118
351,253
414,584
398,175
472,491
433,845
427,066
394,748
425,588

425,588

394,748

427,066

433,845

472,491

398,175

414,584

351,253

307,118

272,844

264,447

245,648

255,340

206,998

197,528

211,596

239,252

192,010

208,901

192,511

219,479

177,769

185,150

188,048

217,417

213,592

186,458

181,439

180,895

168,556

177,303

170,895

149,998

155,549

164,424

161,853

168,518

170,402

313,171

316,080

43,742

48,554

65,188

57,812

54,014

58,670

71,329

44,078

60,402

70,838

88,021

74,510

70,123

22,257

21,654

23,564

18,746

20,564

19,162

17,175

16,243

31,735

30,491

26,909

24,879

23,239

21,739

16,390

17,471

14,808

17,498

7,726

12,264

9,264

8,975

8,363

8,144

9,391

7,173

8,283

9,059

10,327

9,206

9,974

9,902

8,551

8,164

7,864

11,104

13,899

9,278

10,874

14,341

8,179

7,315

7,472

11,100

10,600

7,700

9,500

15,500

17,300

19,600

17,900

22,400

19,400

22,900

20,600

27,700

32,000

20,300

17,800

17,400

13,800

15,600

14,600

19,600

11,900

11,100

10,500

Other Current Liabilities

21,000
28,000
24,700
25,900
25,300
29,200
20,000
24,700
19,900
24,800
30,000
34,400
27,900
31,500
28,300
26,300
25,500
26,200
27,900
22,900
20,600
22,000
23,400
23,500
20,906
24,527
24,864
28,797
27,313
18,947
148,000
147,500
32,900
30,300
32,000
28,881
28,048
31,434
29,991
326
9,476
28,685
29,668
192
29,348
27,085
25,936
25,378
26,354
29,806
32,866
2
39,091
35,998
45,262
49,579
48,799
39,648
40,123
49,780
37,321
42,128
45,132
47,522
42,349
42,758
46,885
81,698
77,360
63,371
75,282
66,845
59,553
63,338
66,759
72,771
64,275
68,708
99,595
109,523
151,196
167,552
298,038
241,146
226,385
243,696
240,598
226,114
227,338
249,435
254,561
223,617
233,324
266,102
292,483
19,172
254,728
253,341
281,412
282,786
258,629
267,264
296,598
301,968
282,074
275,145
333,636
338,525
295,592
304,330
332,235
367,119
385,175
410,738
507,306
476,874
501,019
427,396
512,715
440,999

440,999

512,715

427,396

501,019

476,874

507,306

410,738

385,175

367,119

332,235

304,330

295,592

338,525

333,636

275,145

282,074

301,968

296,598

267,264

258,629

282,786

281,412

253,341

254,728

19,172

292,483

266,102

233,324

223,617

254,561

249,435

227,338

226,114

240,598

243,696

226,385

241,146

298,038

167,552

151,196

109,523

99,595

68,708

64,275

72,771

66,759

63,338

59,553

66,845

75,282

63,371

77,360

81,698

46,885

42,758

42,349

47,522

45,132

42,128

37,321

49,780

40,123

39,648

48,799

49,579

45,262

35,998

39,091

32,866

29,806

26,354

25,378

25,936

27,085

29,348

192

29,668

28,685

9,476

326

29,991

31,434

28,048

28,881

32,000

30,300

32,900

147,500

148,000

18,947

27,313

28,797

24,864

24,527

20,906

23,500

23,400

22,000

20,600

22,900

27,900

26,200

25,500

26,300

28,300

31,500

27,900

34,400

30,000

24,800

19,900

24,700

20,000

29,200

25,300

25,900

24,700

28,000

21,000

> Long-term Liabilities

160,600
155,200
156,700
148,900
144,400
152,500
160,700
160,100
148,300
164,400
193,800
187,900
184,100
186,800
187,500
189,400
185,600
179,400
41,500
179,200
176,900
146,800
142,100
133,500
135,141
21,849
24,002
19,115
18,510
10,555
10,407
10,124
122,708
88,487
87,603
79,843
73,518
72,840
71,498
78,361
77,007
74,976
73,310
74,203
70,544
68,046
66,639
74,424
72,885
126,074
117,061
112,685
101,628
94,671
82,434
69,646
66,828
64,611
58,762
86,774
85,528
84,117
69,109
70,017
67,667
68,590
65,193
763,132
425,793
391,539
367,603
369,398
342,599
349,343
352,277
358,296
371,764
380,734
407,093
1,046,377
2,924,380
2,873,759
2,762,136
2,635,536
2,524,303
2,504,670
2,476,149
2,371,246
2,389,149
2,335,120
2,271,827
2,169,944
2,164,030
2,173,690
2,183,571
2,071,045
2,139,402
2,036,155
2,004,077
2,013,035
2,092,183
2,063,655
1,976,114
2,013,569
2,117,591
2,022,504
1,922,243
1,983,817
1,923,794
1,957,301
1,900,286
2,033,259
2,306,552
3,540,336
4,111,957
4,237,437
5,640,509
5,509,127
5,309,652
5,369,256

5,369,256

5,309,652

5,509,127

5,640,509

4,237,437

4,111,957

3,540,336

2,306,552

2,033,259

1,900,286

1,957,301

1,923,794

1,983,817

1,922,243

2,022,504

2,117,591

2,013,569

1,976,114

2,063,655

2,092,183

2,013,035

2,004,077

2,036,155

2,139,402

2,071,045

2,183,571

2,173,690

2,164,030

2,169,944

2,271,827

2,335,120

2,389,149

2,371,246

2,476,149

2,504,670

2,524,303

2,635,536

2,762,136

2,873,759

2,924,380

1,046,377

407,093

380,734

371,764

358,296

352,277

349,343

342,599

369,398

367,603

391,539

425,793

763,132

65,193

68,590

67,667

70,017

69,109

84,117

85,528

86,774

58,762

64,611

66,828

69,646

82,434

94,671

101,628

112,685

117,061

126,074

72,885

74,424

66,639

68,046

70,544

74,203

73,310

74,976

77,007

78,361

71,498

72,840

73,518

79,843

87,603

88,487

122,708

10,124

10,407

10,555

18,510

19,115

24,002

21,849

135,141

133,500

142,100

146,800

176,900

179,200

41,500

179,400

185,600

189,400

187,500

186,800

184,100

187,900

193,800

164,400

148,300

160,100

160,700

152,500

144,400

148,900

156,700

155,200

160,600

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
25,035
23,782
707,030
370,028
329,873
309,719
280,020
250,018
250,015
250,163
250,142
250,120
250,099
250,076
866,947
2,330,494
2,302,655
2,223,030
2,098,039
2,009,535
1,994,417
1,976,412
1,912,756
1,924,393
1,874,492
1,818,361
1,727,696
1,727,496
1,727,553
1,734,176
1,698,050
1,764,423
1,687,823
1,668,129
1,666,940
1,663,763
1,640,056
1,559,809
1,558,429
1,664,858
1,553,118
1,448,019
1,480,531
1,417,534
1,393,798
1,325,736
1,438,974
1,677,925
2,881,134
3,220,901
3,314,969
4,558,632
4,458,797
4,338,126
0

4,338,126

4,458,797

4,558,632

3,314,969

3,220,901

2,881,134

1,677,925

1,438,974

1,325,736

1,393,798

1,417,534

1,480,531

1,448,019

1,553,118

1,664,858

1,558,429

1,559,809

1,640,056

1,663,763

1,666,940

1,668,129

1,687,823

1,764,423

1,698,050

1,734,176

1,727,553

1,727,496

1,727,696

1,818,361

1,874,492

1,924,393

1,912,756

1,976,412

1,994,417

2,009,535

2,098,039

2,223,030

2,302,655

2,330,494

866,947

250,076

250,099

250,120

250,142

250,163

250,015

250,018

280,020

309,719

329,873

370,028

707,030

23,782

25,035

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
9,627
6,443
6,618
16,431
15,832
15,752
16,073
16,352
17,362
17,049
17,196
14,990
15,627
17,050
17,219
14,043
15,186
14,623
0
14,981
0
0
0
14,394
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

14,394

14,981

14,623

15,186

14,043

17,219

17,050

15,627

14,990

17,196

17,049

17,362

16,352

16,073

15,752

15,832

16,431

6,618

6,443

9,627

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18,865
17,859
20,012
16,247
15,642
7,669
7,539
8,134
8,591
7,418
5,798
7,530
7,343
7,129
7,106
16,083
17,078
17,361
17,074
20,197
20,332
17,368
17,136
27,372
27,663
29,793
25,560
34,685
35,378
36,171
31,113
27,225
28,833
26,019
19,390
54,274
54,278
54,117
36,084
36,143
36,227
37,958
35,108
50,760
46,810
46,512
34,014
58,245
57,610
56,725
52,678
61,539
59,909
59,469
51,086
40,671
106,200
98,241
90,158
114,700
112,354
110,918
105,783
97,809
96,116
93,692
89,517
96,114
95,720
96,916
96,354
106,287
374,979
348,332
335,948
346,095
339,320
340,159
332,551
363,716
361,483
369,904
368,403
393,579
397,483
436,976
451,381
473,971
503,385
525,539
757,872
780,765
0
901,165
816,668
0

816,668

901,165

780,765

757,872

525,539

503,385

473,971

451,381

436,976

397,483

393,579

368,403

369,904

361,483

363,716

332,551

340,159

339,320

346,095

335,948

348,332

374,979

106,287

96,354

96,916

95,720

96,114

89,517

93,692

96,116

97,809

105,783

110,918

112,354

114,700

90,158

98,241

106,200

40,671

51,086

59,469

59,909

61,539

52,678

56,725

57,610

58,245

34,014

46,512

46,810

50,760

35,108

37,958

36,227

36,143

36,084

54,117

54,278

54,274

19,390

26,019

28,833

27,225

31,113

36,171

35,378

34,685

25,560

29,793

27,663

27,372

17,136

17,368

20,332

20,197

17,074

17,361

17,078

16,083

7,106

7,129

7,343

7,530

5,798

7,418

8,591

8,134

7,539

7,669

15,642

16,247

20,012

17,859

18,865

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
5,597
6,303
5,342
8,955
15,154
23,870
31,133
34,971
42,603
49,436
46,615
61,735
71,166
105,931
138,759
487,686
472,863
448,948
422,797
402,414
399,335
393,954
360,681
368,640
366,936
363,949
346,134
340,814
349,221
353,041
266,708
268,376
242,683
234,070
231,063
225,336
227,073
219,329
247,931
250,338
260,858
265,844
276,208
281,684
321,466
335,566
362,942
393,738
397,140
461,806
0
522,731
561,895
0
0

561,895

522,731

461,806

397,140

393,738

362,942

335,566

321,466

281,684

276,208

265,844

260,858

250,338

247,931

219,329

227,073

225,336

231,063

234,070

242,683

268,376

266,708

353,041

349,221

340,814

346,134

363,949

366,936

368,640

360,681

393,954

399,335

402,414

422,797

448,948

472,863

487,686

138,759

105,931

71,166

61,735

46,615

49,436

42,603

34,971

31,133

23,870

15,154

8,955

5,342

6,303

5,597

> Total Stockholder Equity

28,200
29,700
32,500
39,500
44,500
49,700
51,800
54,800
58,800
62,900
61,700
64,000
64,600
68,400
68,000
69,800
68,400
65,800
58,900
37,900
33,400
29,000
23,800
21,900
18,887
14,241
9,072
2,724
1,266
-4,146
-7,665
-9,654
-9,071
30,652
35,224
35,914
38,981
41,820
46,992
55,282
59,297
63,687
68,390
67,235
68,357
71,248
73,523
73,680
74,485
142,398
146,860
151,325
161,499
172,095
183,531
200,984
223,007
249,512
272,556
236,578
243,255
255,604
272,199
284,877
298,458
310,372
321,953
464,296
807,069
860,730
902,489
920,375
955,966
995,188
1,035,581
1,062,436
1,097,859
1,127,110
1,158,307
2,020,952
1,992,464
2,025,380
1,971,307
1,952,990
1,852,794
1,866,514
1,814,237
1,870,709
1,927,330
1,956,214
1,983,677
1,972,994
1,999,362
2,064,302
2,122,655
2,244,933
2,365,361
2,263,403
2,254,442
2,273,048
2,290,539
2,342,911
2,308,493
2,565,819
2,543,565
2,633,360
2,773,920
2,891,909
2,966,603
3,118,576
3,205,524
3,280,960
3,425,280
3,493,466
3,580,112
3,809,023
4,032,534
4,368,230
4,380,714
4,605,431

4,605,431

4,380,714

4,368,230

4,032,534

3,809,023

3,580,112

3,493,466

3,425,280

3,280,960

3,205,524

3,118,576

2,966,603

2,891,909

2,773,920

2,633,360

2,543,565

2,565,819

2,308,493

2,342,911

2,290,539

2,273,048

2,254,442

2,263,403

2,365,361

2,244,933

2,122,655

2,064,302

1,999,362

1,972,994

1,983,677

1,956,214

1,927,330

1,870,709

1,814,237

1,866,514

1,852,794

1,952,990

1,971,307

2,025,380

1,992,464

2,020,952

1,158,307

1,127,110

1,097,859

1,062,436

1,035,581

995,188

955,966

920,375

902,489

860,730

807,069

464,296

321,953

310,372

298,458

284,877

272,199

255,604

243,255

236,578

272,556

249,512

223,007

200,984

183,531

172,095

161,499

151,325

146,860

142,398

74,485

73,680

73,523

71,248

68,357

67,235

68,390

63,687

59,297

55,282

46,992

41,820

38,981

35,914

35,224

30,652

-9,071

-9,654

-7,665

-4,146

1,266

2,724

9,072

14,241

18,887

21,900

23,800

29,000

33,400

37,900

58,900

65,800

68,400

69,800

68,000

68,400

64,600

64,000

61,700

62,900

58,800

54,800

51,800

49,700

44,500

39,500

32,500

29,700

28,200

Common Stock

0
0
0
0
0
0
0
0
0
0
100
200
100
100
100
200
200
200
200
200
200
200
200
200
156
156
156
156
156
156
156
156
156
623
623
623
623
623
630
637
638
639
639
639
639
644
644
644
645
808
809
809
809
811
815
815
817
822
822
822
826
826
826
826
829
829
829
930
1,175
1,176
1,176
1,176
1,183
1,183
1,185
1,186
1,191
1,192
1,192
1,653
1,658
1,659
1,660
1,662
1,670
1,670
1,671
1,671
1,676
1,676
1,676
1,676
1,678
1,678
1,678
1,679
1,680
1,681
1,681
1,681
1,684
1,684
1,684
1,686
1,691
1,692
1,696
1,699
1,715
1,716
1,717
1,717
1,734
1,735
1,735
1,736
1,742
1,743
1,744
1,744

1,744

1,743

1,742

1,736

1,735

1,734

1,717

1,716

1,715

1,699

1,696

1,692

1,691

1,686

1,684

1,681

1,680

1,679

1,678

1,676

1,671

1,670

1,662

1,660

1,659

1,658

1,653

1,192

1,191

1,186

1,185

1,183

1,176

1,175

930

829

826

822

817

815

811

809

808

645

644

639

638

637

630

623

156

200

100

200

100

Retained Earnings

1,100
2,700
5,400
7,400
12,400
16,800
18,900
21,700
25,700
29,300
28,000
29,400
29,800
33,600
33,100
34,800
33,400
30,800
23,900
2,700
-1,800
-6,300
-11,500
-13,300
-16,332
-20,978
-26,147
-32,495
-33,644
-39,365
-42,884
-44,340
-43,757
-42,508
-39,055
-35,377
-31,958
-28,779
-26,050
-17,186
-13,251
-8,785
-4,203
-3,294
-2,372
375
2,366
4,447
4,813
1,664
6,287
12,376
22,097
31,578
43,679
58,050
79,511
103,590
126,584
112,555
117,365
129,064
145,137
154,345
165,823
177,194
188,576
198,588
245,150
297,377
338,509
368,006
396,577
432,802
469,974
498,776
531,181
557,599
585,250
607,743
554,940
587,697
602,015
671,958
672,067
675,147
666,060
750,489
751,568
783,567
812,261
852,802
858,588
867,737
875,498
981,227
1,083,314
1,052,894
1,046,857
1,087,505
1,105,517
1,131,775
1,157,496
1,400,105
1,485,615
1,551,054
1,652,179
1,696,924
1,848,690
2,045,272
2,192,084
2,347,838
2,535,891
2,737,887
2,928,968
3,085,528
3,271,329
3,523,712
3,648,738
3,733,254

3,733,254

3,648,738

3,523,712

3,271,329

3,085,528

2,928,968

2,737,887

2,535,891

2,347,838

2,192,084

2,045,272

1,848,690

1,696,924

1,652,179

1,551,054

1,485,615

1,400,105

1,157,496

1,131,775

1,105,517

1,087,505

1,046,857

1,052,894

1,083,314

981,227

875,498

867,737

858,588

852,802

812,261

783,567

751,568

750,489

666,060

675,147

672,067

671,958

602,015

587,697

554,940

607,743

585,250

557,599

531,181

498,776

469,974

432,802

396,577

368,006

338,509

297,377

245,150

198,588

188,576

177,194

165,823

154,345

145,137

129,064

117,365

112,555

126,584

103,590

79,511

58,050

43,679

31,578

22,097

12,376

6,287

1,664

4,813

4,447

2,366

375

-2,372

-3,294

-4,203

-8,785

-13,251

-17,186

-26,050

-28,779

-31,958

-35,377

-39,055

-42,508

-43,757

-44,340

-42,884

-39,365

-33,644

-32,495

-26,147

-20,978

-16,332

-13,300

-11,500

-6,300

-1,800

2,700

23,900

30,800

33,400

34,800

33,100

33,600

29,800

29,400

28,000

29,300

25,700

21,700

18,900

16,800

12,400

7,400

5,400

2,700

1,100

Accumulated Other Comprehensive Income

-198,346

-332,413

-212,561

-299,208

-383,874

-473,139

-400,907

-311,369

-321,690

-309,353

-268,754

-295,796

-252,433

-325,608

-364,522

-384,491

-321,847

-342,846

-290,001

-312,263

-304,539

-277,324

-274,118

-198,444

-209,524

-224,092

-272,748

-324,348

-340,006

-286,314

-282,226

-276,363

-335,918

-305,953

-266,990

-274,895

-177,060

-86,338

-16,199

-10,199

-29,423

-27,293

-28,473

-29,427

-31,329

-28,115

-28,940

-30,013

-30,904

-19,362

-19,859

-20,400

-20,988

-22,335

-22,710

-23,411

-23,782

-27,364

-28,190

-29,042

-29,850

-8,303

-8,361

-9,288

-8,598

-11,348

-11,002

-11,635

-11,733

-9,747

-9,152

-9,282

-10,609

-8,679

-8,946

-7,134

-7,331

-5,202

-5,285

-5,176

-3,907

-533

-153,900

-150,634

-309

-140,900

-134,285

-132,400

-127,700

-44,400

-39,300

-34,200

-15,900

-24,700

-20,100

-15,900

-11,800

-7,700

-3,800

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
159,256
159,080
290,106
586,557
587,500
587,631
587,685
595,786
597,767
601,851
603,836
607,432
609,316
611,789
1,454,250
1,463,965
1,470,908
1,473,969
1,479,637
1,481,590
1,484,952
1,486,738
1,488,783
1,491,317
1,494,075
1,496,963
1,499,431
1,506,253
1,510,689
1,512,726
1,515,614
1,525,836
1,530,349
1,530,924
1,536,157
1,548,446
1,552,301
1,556,792
1,560,897
1,575,854
1,581,812
1,589,479
1,597,429
1,611,845
1,617,953
1,623,264
1,627,816
1,637,930
1,646,468
1,652,453
1,660,084
1,673,632
1,680,188
1,691,636
0

1,691,636

1,680,188

1,673,632

1,660,084

1,652,453

1,646,468

1,637,930

1,627,816

1,623,264

1,617,953

1,611,845

1,597,429

1,589,479

1,581,812

1,575,854

1,560,897

1,556,792

1,552,301

1,548,446

1,536,157

1,530,924

1,530,349

1,525,836

1,515,614

1,512,726

1,510,689

1,506,253

1,499,431

1,496,963

1,494,075

1,491,317

1,488,783

1,486,738

1,484,952

1,481,590

1,479,637

1,473,969

1,470,908

1,463,965

1,454,250

611,789

609,316

607,432

603,836

601,851

597,767

595,786

587,685

587,631

587,500

586,557

290,106

159,080

159,256

Treasury Stock

-624,852

-614,961

-529,905

-491,717

-438,906

-374,721

-302,188

-277,611

-199,851

-151,710

-143,826

-136,676

-135,104

-75,022

-64,633

-52,848

-52,845

-47,756

-47,696

-47,403

-47,025

-44,063

-43,155

-43,054

-42,809

-40,909

-40,878

-40,868

-34,316

-34,279

-28,265

-27,638

-23,207

-19,999

-18,685

-17,900

-13,271

-12,631

-12,524

-12,518

-10,033

-9,314

-7,624

-7,567

-5,588

-5,465

-5,464

-5,413

-4,340

-4,197

-4,200

-3,855

-3,848

-3,520

-1,614

-1,547

-629

-378

-172

Other Stockholders Equity

30,900
34,700
38,900
48,000
52,200
57,600
48,800
67,300
72,400
78,000
33,600
34,400
34,700
34,700
34,800
34,800
34,800
34,800
34,800
35,000
35,000
35,100
35,100
35,000
162,700
167,400
169,348
175,900
180,317
185,697
188,900
35,400
35,500
81,400
83,000
74,575
74,223
73,883
76,319
77,007
77,086
77,118
77,156
77,221
77,224
79,175
79,192
79,198
78,309
149,078
149,511
149,873
150,228
150,708
150,385
150,717
151,967
153,461
153,453
153,051
154,106
153,904
153,600
153,488
155,217
155,059
154,883
285,766
581,144
582,036
582,166
582,097
588,219
590,143
592,537
593,803
594,914
596,792
599,158
1,440,979
1,446,065
1,452,223
1,453,970
1,456,430
1,453,952
1,456,687
1,452,459
1,454,467
1,450,449
1,453,197
1,456,054
1,458,522
1,463,444
1,467,635
1,469,571
1,471,551
1,478,811
1,482,946
1,483,228
1,488,401
1,495,601
1,499,453
1,492,159
1,485,875
1,440,750
1,445,136
1,445,653
1,445,719
1,411,994
1,340,342
1,321,076
1,253,095
1,199,024
1,154,751
1,122,548
1,105,633
1,058,671
1,055,336
1,062,645
1,068,779

1,068,779

1,062,645

1,055,336

1,058,671

1,105,633

1,122,548

1,154,751

1,199,024

1,253,095

1,321,076

1,340,342

1,411,994

1,445,719

1,445,653

1,445,136

1,440,750

1,485,875

1,492,159

1,499,453

1,495,601

1,488,401

1,483,228

1,482,946

1,478,811

1,471,551

1,469,571

1,467,635

1,463,444

1,458,522

1,456,054

1,453,197

1,450,449

1,454,467

1,452,459

1,456,687

1,453,952

1,456,430

1,453,970

1,452,223

1,446,065

1,440,979

599,158

596,792

594,914

593,803

592,537

590,143

588,219

582,097

582,166

582,036

581,144

285,766

154,883

155,059

155,217

153,488

153,600

153,904

154,106

153,051

153,453

153,461

151,967

150,717

150,385

150,708

150,228

149,873

149,511

149,078

78,309

79,198

79,192

79,175

77,224

77,221

77,156

77,118

77,086

77,007

76,319

73,883

74,223

74,575

83,000

81,400

35,500

35,400

188,900

185,697

180,317

175,900

169,348

167,400

162,700

35,000

35,100

35,000

34,800

34,700

34,400

33,600

78,000

72,400

67,300

48,800

57,600

52,200

48,000

38,900

34,700

30,900

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	425,588	472,491	307,118	255,340	239,252	219,479	217,417	180,895	149,998	168,518	43,742	54,014	60,402	70,123	18,746	16,243	24,879	17,471	12,264	8,144	9,059	9,902	11,104	14,341	11,100	15,500	22,400	27,700	17,400	19,600
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	-198,346	-383,874	-321,690	-252,433	-321,847	-304,539	-209,524	-340,006	-335,918	-177,060	-29,423	-31,329	-30,904	-20,988	-23,782	-29,850	-8,598	-11,733	-10,609	-7,331	-5,176	-3,907	-533	-140,900	-122,700	-100,700	-81,600	-56,000	-34,200	-15,900
Additional Paid In Capital	0	0	0	0	0	0	1,515,614	1,499,431	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	210,228	190,935	158,482	149,166	129,229	0	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	1,744	1,736	1,717	1,699	1,686	1,681	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	1,660,084	1,627,816	1,597,429	1,560,897	1,536,157	1,515,614	1,499,431	1,488,783	1,479,637	1,454,250	603,836	587,685	290,106	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	126,794	127,016	68,906	81,617	72,935	107,262	106,774	114,564	156,884	108,784	870,857	103,249	38,936	19,202	68,182	50,814	16,335	5,281	36,000	39,628	25,383	15,537	3,668	3,509	1,800	12,300	3,000	13,000	11,600	5,100
Cash And Equivalents	0	127,016	68,906	81,617	72,935	107,262	106,774	114,564	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	126,794	127,016	68,906	81,617	72,935	107,262	106,774	114,564	156,884	108,784	870,857	103,249	38,936	19,202	68,182	50,814	16,335	5,281	36,000	39,628	25,383	15,537	3,668	3,509	1,800	12,300	3,000	13,000	11,600	5,100
Common Stock	1,744	1,736	1,717	1,699	1,686	1,681	1,679	1,676	1,671	1,662	1,653	1,186	1,176	930	826	822	815	809	644	639	637	623	156	156	200	200	200	100	0	0
Common Stock Shares Outstanding	162,387	164,121	167,096	167,208	168,378	167,910	166,730	165,212	165,119	165,059	119,924	118,089	115,525	83,243	82,475	82,246	81,309	72,957	64,567	64,623	61,643	44,272	15,586	15,660	15,534	15,583	16,364	16,739	16,000	15,102
Common Stock Total Equity	0	0	1,717	1,699	1,686	1,681	1,679	1,676	1,671	1,662	1,700	1,200	1,176	900	800	800	800	800	644	600	600	600	200	200	200	200	200	100	0	0
Current Deferred Revenue	15,522	0	15,872	14,443	18,318	30,741	306,751	24,092	20,390	19,978	3,651	4,817	0	6,376	7,216	6,656	8,026	34,319	0	28,005	24,132	0	-120,048	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	14,394	14,981	14,043	14,990	16,352	16,431	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	362,942	276,208	247,931	231,063	266,708	346,134	360,681	422,797	138,759	46,615	31,133	5,342	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	2,484,502	1,970,377	1,219,116	1,260,240	1,223,291	1,229,159	1,301,093	1,225,893	1,233,102	1,320,419	701,637	381,369	381,369	376,263	79,085	61,133	71,856	71,856	4,429	4,400	4,400	4,400	4,429	4,600	4,800	5,500	20,900	19,900	0	0
Intangible Assets	1,075,892	865,122	397,801	473,680	526,394	595,862	676,500	711,927	782,349	932,413	588,664	337,402	362,914	334,265	40,298	35,982	29,037	33,657	16,898	4,429	4,429	27,517	27,366	4,632	4,800	48,400	79,600	79,800	42,900	42,800
Inventory	758,739	673,621	457,465	405,922	362,957	341,028	358,183	330,815	344,583	401,613	65,133	65,065	50,830	45,606	19,057	22,182	22,481	14,562	6,601	6,000	7,837	7,006	7,698	8,300	9,600	11,700	13,900	12,600	11,600	13,700
Liabilities And Stockholders Equity	11,061,084	9,202,370	6,133,728	5,613,331	5,345,258	4,889,354	4,958,225	4,698,017	4,789,602	5,170,713	3,244,133	1,552,416	1,417,030	1,382,258	426,171	394,375	351,338	320,806	190,772	182,809	174,649	162,912	159,079	174,505	197,800	263,200	313,000	329,600	266,100	245,500
Long Term Debt	4,366,370	3,314,969	1,438,974	1,477,747	1,558,429	1,666,940	1,698,050	1,727,696	1,912,756	2,098,039	866,947	250,142	280,020	707,030	27,539	32,500	37,500	78,000	44,502	49,528	48,188	60,055	0	0	0	0	0	0	0	0
Long Term Debt Total	0	3,314,969	1,438,974	1,480,531	1,558,429	1,666,940	1,698,050	1,727,696	1,912,756	2,098,039	866,947	250,142	280,020	707,030	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	2,251,629	1,926,395	1,349,247	804,682	689,354	410,177	302,038	292,717	247,238	202,712	115,114	62,495	21,733	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	4,510,507	3,448,734	1,552,957	1,575,618	1,705,719	1,567,170	1,607,419	1,636,379	1,803,116	2,043,656	15,978	146,975	241,094	690,837	-35,634	-13,314	27,415	77,723	13,528	14,930	30,294	52,890	116,385	106,019	116,200	136,000	144,300	140,800	114,600	115,600
Net Invested Capital	9,032,504	7,193,838	4,744,341	4,399,978	4,215,244	3,947,480	3,959,126	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	821,890	695,156	470,167	409,270	409,655	392,199	396,356	395,876	383,355	431,919	127,356	98,131	112,849	105,196	46,177	51,672	59,401	42,381	25,886	26,675	29,353	24,099	23,719	21,837	17,000	16,600	32,500	36,000	30,200	26,800
Net Tangible Assets	0	973,524	3,280,960	2,891,909	816,134	447,986	267,333	35,167	-144,742	-299,842	730,651	343,665	176,092	-302,921	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	857,529	569,654	336,330	311,689	228,949	357,444	396,962	441,451	488,042	569,570	950,698	158,578	92,423	30,756	75,100	67,446	34,385	17,865	40,407	39,602	31,189	9,152	-116,718	-106,809	-5,300	3,100	3,400	-8,000	12,900	-3,000
Non Current Assets Total	9,205,418	7,564,273	5,044,714	4,626,337	4,427,970	3,991,412	4,001,780	3,804,715	3,857,814	4,117,100	2,116,631	1,262,154	1,197,350	1,196,672	279,794	255,906	236,245	246,145	107,697	101,836	102,454	106,605	117,188	128,648	160,700	214,000	255,800	259,900	202,000	191,400
Non Current Liabilities Other	228,734	199,710	111,029	227,078	207,209	115,032	106,287	96,114	97,809	114,700	40,671	61,539	58,245	50,760	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	5,369,256	4,237,437	2,033,259	1,983,817	2,013,569	2,013,035	2,071,045	2,169,944	2,371,246	2,635,536	1,046,377	358,296	369,398	763,132	70,017	86,774	69,646	112,685	74,424	74,203	78,361	79,843	10,124	19,115	133,500	179,200	189,400	187,900	160,100	148,900
Non Currrent Assets Other	234,960	136,268	66,795	60,682	47,400	53,375	62,284	43,613	70,606	71,009	27,354	14,352	23,647	92,724	8,429	6,623	6,667	6,683	18,090	22,009	24,751	6,134	7,149	31,274	35,100	9,500	-23,200	-27,300	4,000	2,900
Noncontrolling Interest In Consolidated Entity	0	0	66,825	62,300	77,531	62,773	82,764	103,228	103,901	98,144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	154,156	83,006	77,358	61,794	68,356	76,327	58,603	57,975	87,440	44,643	26,961	31,112	36,035	8,429	15,500	6,667	8,483	5,621	6,003	24,751	29,222	38,015	35,774	0	0	0	0	0	0
Other Current Assets	148,243	56,324	38,599	42,289	25,032	22,099	56,664	21,770	10,460	21,324	46,513	10,847	9,235	8,833	5,348	6,696	8,417	5,036	6	850	1,176	1,031	209	12,211	8,700	8,600	7,800	8,100	10,700	8,500
Other Current Liab	440,999	476,874	367,119	338,525	301,968	282,786	19,172	223,617	226,114	241,146	109,523	72,771	66,845	81,698	47,522	49,780	49,579	2	25,378	192	326	28,881	147,500	28,797	23,500	22,900	26,300	34,400	24,700	25,900
Other Liab	0	780,765	473,971	393,579	363,716	346,095	372,995	442,248	458,490	114,700	40,671	61,539	58,245	50,760	36,143	54,274	27,225	34,685	27,372	20,197	16,083	7,530	8,134	16,247	0	0	0	0	0	0
Other Stockholder Equity	1,068,779	1,105,633	1,253,095	1,445,719	1,485,875	1,488,401	1,471,551	1,458,522	1,454,467	1,456,430	1,440,979	593,803	582,097	285,766	153,488	153,051	150,717	149,873	79,198	77,221	77,007	74,575	35,400	175,900	157,700	135,700	116,400	90,500	67,300	48,000
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,212	8,599	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	5,501,066	2,648,223	1,840,080	2,010,377	1,927,137	1,687,858	1,645,822	1,515,575	1,508,167	1,574,116	666,600	453,900	400,222	393,400	152,000	143,300	128,700	132,100	85,178	75,400	73,300	73,000	74,700	88,200	113,800	140,100	170,600	175,800	155,100	145,700
Property Plant And Equipment Net	3,140,724	2,648,223	1,995,544	2,010,377	1,927,137	1,687,858	1,645,822	1,515,575	1,508,167	1,574,116	666,573	453,927	400,222	393,420	151,982	143,291	128,685	132,149	85,178	75,398	73,274	72,954	74,744	88,242	113,800	140,100	170,600	175,800	155,100	145,700
Property Plant Equipment	0	2,648,223	1,995,544	1,863,814	1,802,411	1,687,858	1,645,822	1,515,575	1,508,167	1,574,116	666,573	453,927	400,222	393,420	151,982	143,291	128,685	132,149	85,178	75,398	73,274	72,954	74,744	88,242	0	0	0	0	0	0
Retained Earnings	3,733,254	3,085,528	2,347,838	1,696,924	1,400,105	1,087,505	981,227	852,802	750,489	671,958	607,743	498,776	368,006	198,588	154,345	112,555	58,050	12,376	4,447	-3,294	-17,186	-35,377	-44,340	-32,495	-13,300	2,700	34,800	29,400	21,700	7,400
Retained Earnings Total Equity	0	0	2,347,838	1,696,924	1,400,105	1,087,505	981,227	852,802	750,489	671,958	607,743	498,776	368,006	198,588	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	60,703	69,846	24,407	27,538	90,996	7,492	16,143	23,247	45,166	54,401	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	4,637,301	3,575,750	1,621,863	1,657,235	1,778,654	1,674,432	1,714,193	1,750,943	1,960,000	2,152,440	886,835	250,224	280,030	710,039	32,548	37,500	43,750	83,004	49,528	54,558	55,677	68,427	120,053	109,528	118,000	148,300	147,300	153,800	126,200	120,700
Short Term Debt	116,028	119,078	62,575	66,997	128,801	7,492	16,143	23,247	47,244	54,401	19,888	82	10	3,009	5,009	5,000	6,250	5,004	5,026	5,030	7,489	8,372	120,053	109,528	7,800	7,700	5,100	15,600	9,100	11,600
Short Term Investments	0	0	0	805	0	0	142	293	331	343	354	361	365	373	397	449	433	480	2,349	2,379	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
Total Assets	11,061,084	9,202,370	6,133,728	5,613,331	5,345,258	4,889,354	4,958,225	4,698,017	4,789,602	5,170,713	3,244,133	1,552,416	1,417,030	1,382,258	426,171	394,375	351,338	320,806	190,772	182,809	174,649	162,912	159,079	174,505	197,800	263,200	313,000	329,600	266,100	245,500
Total Current Assets	1,855,666	1,638,097	1,089,014	986,994	917,288	897,942	956,445	893,302	931,788	1,053,613	1,127,502	290,262	219,680	185,586	146,377	138,469	115,093	74,661	83,075	80,973	72,195	56,307	41,891	45,857	37,100	49,200	57,200	69,700	64,100	54,100
Total Current Liabilities	998,137	1,068,443	752,684	675,305	688,339	540,498	559,483	451,851	443,746	484,043	176,804	131,684	127,257	154,830	71,277	71,023	80,708	56,796	42,668	41,371	41,006	47,155	158,609	152,666	42,400	46,100	53,800	77,700	51,200	57,100
Total Liab	6,367,393	5,305,880	2,785,943	2,659,122	2,701,908	2,553,533	2,630,528	2,621,795	2,814,992	3,119,579	1,223,181	489,980	496,655	917,962	141,294	157,797	150,354	169,481	117,092	115,574	119,367	126,998	168,733	171,781	175,900	225,300	243,200	265,600	211,300	206,000
Total Permanent Equity	0	0	0	0	0	0	2,327,697	2,076,222	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	4,605,431	3,809,023	3,280,960	2,891,909	2,565,819	2,273,048	2,244,933	1,972,994	1,870,709	1,952,990	2,020,952	1,062,436	920,375	464,296	284,877	236,578	200,984	151,325	73,680	67,235	55,282	35,914	-9,654	2,724	21,900	37,900	69,800	64,000	54,800	39,500
Treasury Stock	0	0	-374,721	-151,710	-75,022	-47,756	-44,063	-40,909	-34,316	-23,207	-13,271	-10,033	-5,588	-4,340	-3,855	-3,848	-1,547	-172	-172	-172	-172	-172	-172	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

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31
Accounts Payable	425,588	394,748	427,066	433,845	472,491	398,175	414,584	351,253	307,118	272,844	264,447	245,648	255,340	206,998	197,528	211,596	239,252	192,010	208,901	192,511	219,479	177,769	185,150	188,048	217,417	213,592	186,458	181,439	180,895	168,556	177,303	170,895	149,998	155,549	164,424	161,853	168,518	170,402	313,171	316,080	43,742	48,554	65,188	57,812	54,014	58,670	71,329	44,078	60,402	70,838	88,021	74,510	70,123	22,257	21,654	23,564	18,746	20,564	19,162	17,175	16,243	31,735	30,491	26,909	24,879	23,239	21,739	16,390	17,471	14,808	17,498	7,726	12,264	9,264	8,975	8,363	8,144	9,391	7,173	8,283	9,059	10,327	9,206	9,974	9,902	8,551	8,164	7,864	11,104	13,899	9,278	10,874	14,341	8,179	7,315	7,472	11,100	10,600	7,700	9,500	15,500	17,300	19,600	17,900	22,400	19,400	22,900	20,600	27,700	32,000	20,300	17,800	17,400	13,800	15,600	14,600	19,600	11,900	11,100	10,500
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	1,604,081	1,524,837	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-198,346	-332,413	-212,561	-299,208	-383,874	-473,139	-400,907	-311,369	-321,690	-309,353	-268,754	-295,796	-252,433	-325,608	-364,522	-384,491	-321,847	-342,846	-290,001	-312,263	-304,539	-277,324	-274,118	-198,444	-209,524	-224,092	-272,748	-324,348	-340,006	-286,314	-282,226	-276,363	-335,918	-305,953	-266,990	-274,895	-177,060	-86,338	-16,199	-10,199	-29,423	-27,293	-28,473	-29,427	-31,329	-28,115	-28,940	-30,013	-30,904	-19,362	-19,859	-20,400	-20,988	-22,335	-22,710	-23,411	-23,782	-27,364	-28,190	-29,042	-29,850	-8,303	-8,361	-9,288	-8,598	-11,348	-11,002	-11,635	-11,733	-9,747	-9,152	-9,282	-10,609	-8,679	-8,946	-7,134	-7,331	-5,202	-5,285	-5,176	-5,176	-3,907	-3,907	-3,907	-3,907	-533	-533	-533	-533	-153,900	-150,634	-309	-140,900	-134,285	-132,400	-127,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-44,400	-39,300	-34,200	-15,900	-24,700	-20,100	-15,900	-11,800	-7,700	-3,800
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	1,515,614	0	0	0	1,499,431	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	210,228	207,236	197,546	189,960	190,935	177,224	179,161	166,891	158,482	163,351	166,755	146,841	149,166	146,794	139,014	128,722	129,229	118,977	120,143	128,876	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,744	1,744	1,743	1,742	1,736	1,735	1,735	1,734	1,717	1,717	1,716	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,691,636	1,680,188	1,673,632	1,660,084	1,652,453	1,646,468	1,637,930	1,627,816	1,623,264	1,617,953	1,611,845	1,597,429	1,589,479	1,581,812	1,575,854	1,560,897	1,556,792	1,552,301	1,548,446	1,536,157	1,530,924	1,530,349	1,525,836	1,515,614	1,512,726	1,510,689	1,506,253	1,499,431	1,496,963	1,494,075	1,491,317	1,488,783	1,486,738	1,484,952	1,481,590	1,479,637	1,473,969	1,470,908	1,463,965	1,454,250	611,789	609,316	607,432	603,836	601,851	597,767	595,786	587,685	587,631	587,500	586,557	290,106	159,080	159,256	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	126,794	118,977	111,541	132,572	127,016	126,032	146,730	99,460	68,906	67,188	77,741	71,199	81,617	65,845	76,185	76,339	72,935	69,122	87,011	95,716	107,262	81,470	104,120	122,869	106,774	110,146	124,817	138,880	114,564	148,585	157,815	147,326	156,884	148,886	126,020	112,131	108,784	193,427	143,785	143,422	870,857	8,011	133,571	121,777	103,249	87,686	72,254	27,584	38,936	28,550	12,444	38,046	19,202	77,075	66,486	76,718	68,182	70,674	57,786	38,178	50,814	43,214	44,596	38,881	16,335	5,873	6,161	5,271	5,281	6,151	5,731	37,188	36,000	36,739	32,368	38,617	39,628	41,191	36,509	38,161	25,383	15,775	15,261	10,863	15,537	9,694	2,795	2,999	3,668	3,408	3,107	2,853	3,509	5,498	1,941	1,983	1,800	2,800	1,600	1,600	12,300	3,400	3,300	3,500	3,000	1,800	6,200	3,400	13,000	12,000	9,900	5,800	11,600	7,600	10,300	3,400	5,100	3,700	5,600	1,700
Cash And Equivalents	0	118,977	111,541	132,572	127,016	126,032	146,730	99,460	68,906	67,188	77,741	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	126,794	118,977	111,541	132,572	127,016	126,032	146,730	99,460	68,906	67,188	77,741	71,199	81,617	65,845	76,185	76,339	72,935	69,122	87,011	95,716	107,262	81,470	104,120	122,869	106,774	110,146	124,817	138,880	114,564	148,585	157,815	147,326	156,884	148,886	126,020	112,131	108,784	193,427	143,785	143,422	870,857	8,011	133,571	121,777	103,249	87,686	72,254	27,584	38,936	28,550	12,444	38,046	19,202	77,075	66,486	76,718	68,182	70,674	57,786	38,178	50,814	43,214	44,596	38,881	16,335	5,873	6,161	5,271	5,281	6,151	5,731	37,188	36,000	36,739	32,368	38,617	39,628	41,191	36,509	38,161	25,383	15,775	15,261	10,863	15,537	9,694	2,795	2,999	3,668	3,408	3,107	2,853	3,509	5,498	1,941	1,983	1,800	2,800	1,600	1,600	12,300	3,400	3,300	3,500	3,000	1,800	6,200	3,400	13,000	12,000	9,900	5,800	11,600	7,600	10,300	3,400	5,100	3,700	5,600	1,700
Common Stock	1,744	1,744	1,743	1,742	1,736	1,735	1,735	1,734	1,717	1,717	1,716	1,715	1,699	1,696	1,692	1,691	1,686	1,684	1,684	1,684	1,681	1,681	1,681	1,680	1,679	1,678	1,678	1,678	1,676	1,676	1,676	1,676	1,671	1,671	1,670	1,670	1,662	1,660	1,659	1,658	1,653	1,192	1,192	1,191	1,186	1,185	1,183	1,183	1,176	1,176	1,176	1,175	930	829	829	829	826	826	826	826	822	822	822	817	815	815	811	809	809	809	808	645	644	644	644	639	639	639	639	638	637	630	623	623	623	623	623	156	156	156	156	156	156	156	156	156	200	200	200	200	200	200	200	200	200	100	100	100	200	100	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Outstanding	161,935	162,425	162,370	162,817	163,504	163,635	164,745	164,601	166,267	166,770	167,597	167,749	167,920	166,997	165,999	167,927	168,153	168,266	168,432	168,660	168,379	164,656	164,651	167,742	166,997	167,181	166,831	165,864	168,921	165,436	165,474	164,553	162,363	165,195	165,298	165,146	166,531	164,957	165,097	164,386	125,000	118,480	118,588	118,293	120,000	118,174	118,141	117,830	117,700	117,655	117,672	109,165	84,700	82,816	82,827	82,670	82,700	82,578	82,560	82,082	84,100	82,305	82,178	82,088	82,100	80,667	79,017	79,833	82,100	90,050	78,725	64,772	64,600	66,333	68,700	64,567	65,457	65,457	64,304	64,304	62,500	68,200	56,760	63,665	63,700	61,560	15,568	15,568	15,500	15,300	15,462	16,414	15,600	15,664	15,483	15,589	15,600	15,758	15,517	15,517	15,600	15,682	15,294	15,556	16,600	16,667	16,522	20,000	16,600	16,250	16,364	16,250	16,154	16,154	15,714	14,706	15,556	15,556	15,000	15,015
Common Stock Total Equity	0	0	1,743	1,742	0	1,735	1,735	1,734	1,717	1,717	1,716	1,715	1,699	1,696	1,692	1,691	1,686	1,684	1,684	1,684	1,681	1,681	1,681	1,680	1,700	1,678	1,700	1,700	1,676	1,700	1,700	1,700	1,700	1,700	1,700	1,700	1,700	1,700	1,700	1,700	1,700	1,200	1,200	1,200	1,200	1,200	1,183	1,183	1,176	1,200	1,200	1,200	900	800	800	800	800	800	800	800	800	800	800	800	800	800	811	809	800	809	800	600	644	600	600	600	600	600	600	600	600	600	600	600	600	600	600	200	200	200	156	156	200	156	200	200	200	200	200	200	200	200	200	200	200	100	100	100	200	100	0	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	15,522	0	22,621	0	0	14,799	16,312	0	15,872	55,798	41,604	31,406	14,443	15,762	51,333	34,207	18,318	10,970	17,561	31,563	30,741	15,550	36,773	47,371	306,751	21,974	17,050	12,066	24,092	9,374	9,118	7,032	20,390	11,241	6,015	6,138	19,978	15,653	7,830	19,933	3,651	14,358	13,621	11,235	4,817	10,116	0	0	0	6,785	5,356	20,328	6,376	6,826	6,787	6,813	7,216	7,515	6,969	6,430	6,656	5,098	4,128	4,302	8,026	8,274	0	0	34,319	0	7,879	6,594	0	4,409	4,825	0	28,005	0	0	25,082	24,132	0	0	0	0	-4,277	-4,208	-5,065	-120,048	-124,137	0	0	0	0	0	0	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	14,394	0	0	0	14,981	0	14,623	15,186	14,043	17,219	17,050	15,627	14,990	17,196	17,049	17,362	16,352	16,073	15,752	15,832	16,431	6,618	6,443	9,627	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	561,895	522,731	0	461,806	397,140	393,738	362,942	335,566	321,466	281,684	276,208	265,844	260,858	250,338	247,931	219,329	227,073	225,336	231,063	234,070	242,683	268,376	266,708	353,041	349,221	340,814	346,134	363,949	366,936	368,640	360,681	393,954	399,335	402,414	422,797	448,948	472,863	487,686	138,759	105,931	71,166	61,735	46,615	49,436	42,603	34,971	31,133	23,870	15,154	8,955	5,342	6,303	5,597	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
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	2,484,502	2,447,376	2,566,169	2,587,587	1,970,377	1,900,267	1,555,814	1,236,524	1,219,116	1,232,179	1,245,549	1,241,242	1,260,240	1,239,343	1,217,177	1,202,592	1,223,291	1,212,313	1,233,486	1,222,382	1,229,159	1,233,545	1,232,964	1,309,608	1,301,093	1,298,266	1,271,927	1,233,271	1,225,893	1,256,376	1,258,480	1,269,296	1,233,102	1,253,693	1,261,610	1,255,105	1,320,419	1,393,289	1,442,299	1,476,541	701,637	446,742	381,369	381,369	381,369	381,369	381,369	381,369	381,369	381,635	378,050	377,997	376,263	84,655	81,745	79,085	79,085	69,458	66,958	66,958	61,133	80,063	71,856	71,856	71,856	71,856	71,856	71,856	71,856	72,221	72,580	4,429	4,429	4,429	4,429	4,400	4,400	4,400	4,400	4,400	4,400	4,400	4,400	4,400	4,400	4,400	4,400	4,429	4,429	4,500	0	0	4,600	0	4,800	4,800	4,800	5,300	5,400	5,400	5,500	20,400	20,600	20,700	5,600	20,400	20,600	20,200	19,900	22,800	0	0	0	0	0	0	0	0	0	0
Intangible Assets	1,075,892	1,091,446	1,074,604	1,091,137	865,122	873,613	760,079	409,627	397,801	417,409	439,035	452,539	473,680	474,793	485,148	497,779	526,394	537,360	565,976	579,313	595,862	593,234	610,878	659,855	676,500	697,908	703,182	697,820	711,927	747,522	769,427	792,166	782,349	815,729	852,490	869,800	932,413	979,781	1,037,479	1,054,608	588,664	364,415	325,765	331,002	337,402	344,299	351,349	355,931	362,914	369,898	376,881	383,883	390,954	43,434	44,596	39,355	40,298	36,437	37,397	38,372	35,982	30,846	26,624	27,830	29,037	30,239	31,223	32,440	33,657	34,882	36,114	11,480	16,898	4,429	4,429	4,429	4,429	4,429	4,429	22,875	4,429	4,429	26,044	27,046	27,517	4,429	29,591	26,231	27,366	4,479	4,530	4,581	4,632	38,135	39,429	40,689	4,800	44,000	45,500	47,000	48,400	20,400	78,700	80,500	79,600	78,200	80,000	80,500	79,800	83,700	47,600	41,900	42,900	43,900	44,900	41,900	42,800	43,900	44,400	44,100
Inventory	758,739	822,765	825,130	828,789	673,621	641,980	578,402	491,694	457,465	476,295	428,203	420,659	405,922	406,805	394,708	381,432	362,957	353,003	348,309	339,882	341,028	361,679	370,555	373,121	358,183	375,098	359,635	342,114	330,815	359,095	364,362	372,616	344,583	366,775	396,423	398,179	401,613	420,082	431,529	410,521	65,133	71,280	63,114	62,664	65,065	63,515	56,160	58,481	50,830	66,546	63,137	49,765	45,606	26,570	24,723	20,698	19,057	20,436	20,073	18,142	22,182	29,623	30,300	27,959	22,481	20,623	19,552	18,248	14,562	14,356	16,517	6,829	6,601	7,700	8,630	7,591	6,000	8,053	7,494	7,735	7,837	7,560	8,917	10,984	7,006	7,471	8,289	7,874	7,698	8,937	6,794	7,443	8,300	8,981	8,167	8,471	9,600	8,500	10,300	9,100	11,700	13,000	12,600	12,800	13,900	14,500	11,800	17,000	12,600	15,300	11,800	10,800	11,600	12,200	10,200	11,700	13,700	10,200	7,500	9,000
Liabilities And Stockholders Equity	11,061,084	10,810,337	10,973,239	10,861,132	9,202,370	8,808,754	8,026,686	6,615,616	6,133,728	5,925,720	5,833,323	5,591,447	5,613,331	5,380,986	5,327,154	5,377,779	5,345,258	4,944,899	5,036,596	4,995,054	4,889,354	4,805,211	4,856,916	5,085,510	4,958,225	4,934,522	4,829,876	4,719,661	4,698,017	4,816,884	4,859,894	4,871,816	4,789,602	4,848,376	4,938,800	4,957,815	5,170,713	5,377,856	5,554,795	5,549,859	3,244,133	1,713,635	1,641,825	1,591,793	1,552,416	1,523,483	1,479,208	1,402,206	1,417,030	1,416,526	1,403,822	1,405,069	1,382,258	461,297	448,383	437,047	426,171	412,004	406,011	388,279	394,375	413,274	389,262	370,543	351,338	339,466	329,503	323,608	320,806	316,604	320,791	186,472	190,772	184,797	180,381	181,641	182,809	185,789	179,557	184,186	174,649	167,464	163,113	158,554	162,912	163,453	157,660	154,456	159,079	164,678	160,005	166,981	174,505	181,091	187,790	189,311	197,800	210,000	216,600	248,700	263,200	288,200	296,100	302,500	313,000	308,300	314,700	315,300	329,600	326,100	280,400	252,800	266,100	256,400	257,000	242,700	245,500	237,200	235,400	231,600
Long Term Debt	4,366,370	4,338,126	4,458,797	4,558,632	3,314,969	3,220,901	2,881,134	1,677,925	1,438,974	1,325,736	1,393,798	1,417,534	1,477,747	1,447,973	1,553,118	1,664,858	1,558,429	1,559,809	1,640,056	1,663,763	1,666,796	1,668,129	1,687,823	1,764,423	1,698,050	1,734,176	1,727,553	1,727,496	1,727,696	1,818,361	1,874,492	1,924,393	1,912,756	1,976,412	1,994,417	2,009,535	2,098,039	2,223,030	2,302,655	2,330,494	866,947	250,076	250,099	250,120	250,142	250,163	250,015	250,018	280,020	309,719	329,873	370,028	707,030	23,782	25,035	26,287	27,539	28,750	30,000	31,250	32,500	35,000	36,250	37,500	37,500	49,750	58,500	66,250	78,000	88,750	94,000	43,250	44,502	45,759	45,766	47,022	49,528	51,288	53,796	55,051	48,188	51,993	53,778	54,583	60,055	69,704	70,850	112,127	0	0	0	0	0	0	0	113,689	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	4,338,126	4,458,797	4,558,632	3,314,969	3,220,901	2,881,134	1,677,925	1,438,974	1,325,736	1,393,798	1,417,534	1,480,531	1,448,019	1,553,118	1,664,858	1,558,429	1,559,809	1,640,056	1,663,763	1,666,940	1,668,129	1,687,823	1,764,423	1,698,050	1,734,176	1,727,553	1,727,496	1,727,696	1,818,361	1,874,492	1,924,393	1,912,756	1,976,412	1,994,417	2,009,535	2,098,039	2,223,030	2,302,655	2,330,494	866,947	250,076	250,099	250,120	250,142	250,163	250,015	250,018	280,020	309,719	329,873	370,028	707,030	23,782	25,035	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	2,251,629	2,164,182	2,214,312	2,125,126	1,926,395	1,814,583	1,736,242	1,563,840	1,349,247	1,107,834	1,037,436	915,085	804,682	742,875	729,094	802,184	689,354	447,689	458,032	433,381	410,177	398,794	399,097	409,135	302,038	290,028	279,814	270,921	292,717	261,690	243,801	256,604	247,238	165,137	177,036	198,639	202,712	144,503	147,662	149,025	115,114	116,250	104,297	73,835	62,495	54,424	46,359	32,848	21,733	12,898	9,567	0	21,733	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	4,510,507	4,500,247	4,632,887	4,734,824	3,448,734	3,335,756	2,946,260	1,780,693	1,552,957	1,477,037	1,524,415	1,520,173	1,575,618	1,555,153	1,658,705	1,803,638	1,705,719	1,670,756	1,709,065	1,720,616	1,567,170	1,597,759	1,591,169	1,658,276	1,607,419	1,642,245	1,622,106	1,613,581	1,636,379	1,696,945	1,747,519	1,823,658	1,803,116	1,875,492	1,919,281	1,978,599	2,043,656	2,089,800	2,227,486	2,249,523	15,978	242,151	116,613	128,426	146,975	162,557	177,771	222,444	241,094	281,483	317,590	331,991	690,837	-48,284	-36,442	-45,422	-35,634	-36,924	-22,786	-1,928	-13,314	-3,214	-3,346	3,619	27,415	48,877	57,339	65,979	77,723	87,608	93,284	11,084	13,528	14,046	18,425	13,434	14,930	15,127	22,323	21,931	30,294	44,874	46,330	51,753	52,890	64,362	72,320	114,248	116,385	120,766	122,264	106,165	106,019	109,476	117,917	118,611	116,200	122,200	125,300	146,200	136,000	139,200	132,600	139,800	144,300	139,900	134,000	147,300	140,800	139,700	112,800	108,200	114,600	116,600	109,700	114,600	115,600	121,300	118,700	126,900
Net Invested Capital	9,032,504	8,792,702	8,915,112	8,709,970	7,193,838	6,864,676	6,407,295	5,138,542	4,744,341	4,586,398	4,553,977	4,411,134	4,399,978	4,248,124	4,229,236	4,294,820	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	821,890	761,271	769,259	770,893	695,156	687,328	602,057	542,830	470,167	482,635	436,077	388,937	409,270	377,523	379,660	400,806	409,655	359,958	363,225	375,441	392,199	371,668	378,268	418,353	396,356	420,317	389,344	396,842	395,876	396,079	412,716	388,171	383,355	404,029	393,289	402,499	431,919	445,808	493,840	460,741	127,356	111,864	91,872	98,211	98,131	101,046	98,225	89,388	112,849	109,330	118,640	114,358	88,929	47,584	47,824	48,095	46,177	48,825	51,574	52,435	51,672	72,142	65,078	58,518	59,401	54,582	49,323	44,616	42,381	35,046	35,607	22,468	25,886	24,320	25,200	23,520	26,675	27,489	24,885	27,700	29,353	29,497	23,154	20,806	24,099	22,466	19,891	18,957	23,719	25,285	20,388	22,306	21,837	17,090	17,843	18,327	17,000	16,800	11,700	20,200	16,600	22,400	21,900	23,900	32,500	30,600	32,300	27,800	36,000	34,200	34,000	29,300	30,200	24,100	27,100	27,700	26,800	25,000	21,200	19,600
Net Tangible Assets	0	841,892	4,368,230	4,032,534	973,524	3,580,112	3,493,466	3,425,280	3,280,960	3,205,524	1,433,992	2,966,603	2,891,909	1,059,784	931,035	843,194	816,134	558,820	543,449	488,844	447,986	427,663	419,561	395,898	267,333	126,481	89,193	68,271	35,167	-20,221	-71,693	-134,132	-144,742	-255,185	-247,586	-272,111	-299,842	-401,763	-454,398	-538,685	730,651	347,150	419,976	385,488	343,665	309,913	262,470	218,666	176,092	150,956	105,799	45,189	-302,921	193,864	184,031	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	857,529	809,292	862,408	803,482	569,654	534,053	541,999	445,619	336,330	347,447	330,368	303,060	311,689	307,620	324,755	278,314	228,949	257,788	300,832	325,003	357,444	392,647	435,468	464,211	396,962	415,952	435,949	475,507	441,451	503,343	537,460	508,427	488,042	550,269	571,487	568,220	569,570	599,079	590,608	568,711	950,698	76,096	188,989	190,792	158,578	139,398	113,377	90,083	92,423	76,350	60,753	46,512	30,756	91,431	84,577	88,764	75,100	84,366	78,682	63,045	67,446	75,239	76,853	55,190	34,385	29,067	27,070	20,290	17,865	18,608	19,306	42,050	40,407	35,418	37,227	37,673	39,602	41,412	37,203	35,430	31,189	14,414	9,646	5,873	9,152	14,794	5,469	-3,286	-116,718	-114,764	-113,803	-104,074	-106,809	-108,172	-113,384	143	-5,300	-5,100	-3,400	4,800	3,100	-139,100	-2,600	-900	3,400	3,800	0	-11,300	-8,000	-2,000	9,800	6,400	12,900	9,400	4,700	-2,300	-3,000	-500	-6,200	-3,900
Non Current Assets Total	9,205,418	8,967,342	9,097,282	8,958,626	7,564,273	7,246,718	6,564,860	5,356,583	5,044,714	4,822,076	4,810,743	4,650,680	4,626,337	4,449,812	4,396,103	4,447,719	4,427,970	4,091,218	4,169,458	4,123,879	3,991,412	3,926,733	3,938,718	4,114,430	4,001,780	3,972,306	3,904,947	3,792,360	3,804,715	3,853,881	3,855,736	3,911,533	3,857,814	3,842,753	3,902,294	3,914,024	4,117,100	4,234,487	4,407,018	4,451,421	2,116,631	1,489,304	1,318,855	1,278,831	1,262,154	1,248,460	1,231,154	1,208,482	1,197,350	1,193,742	1,191,516	1,186,350	1,196,672	295,715	294,385	277,361	279,794	256,942	261,039	265,738	255,906	256,079	237,270	234,645	236,245	236,898	239,696	242,837	246,145	245,313	249,166	105,320	107,697	104,744	102,067	101,228	101,836	100,288	101,460	100,874	102,454	104,076	105,014	106,626	106,605	108,033	113,670	116,923	117,188	117,506	120,212	123,850	128,648	141,246	149,474	153,885	160,700	171,000	179,200	205,500	214,000	239,500	247,800	254,900	255,800	251,700	255,200	260,000	259,900	257,500	217,500	200,700	202,000	203,100	197,500	191,200	191,400	189,700	191,100	192,700
Non Current Liabilities Other	228,734	222,347	488,435	559,146	199,710	429,250	262,062	234,889	111,029	238,984	115,510	224,576	227,078	208,380	208,528	202,395	207,209	196,976	196,526	203,084	115,032	101,878	105,649	106,603	106,287	96,354	96,916	95,720	96,114	89,517	93,692	96,116	97,809	105,783	110,918	112,354	114,700	90,158	98,241	106,200	40,671	51,086	59,469	59,909	61,539	52,678	56,725	57,610	58,245	34,014	46,512	46,810	50,760	35,108	37,958	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,369,256	5,309,652	5,509,127	5,640,509	4,237,437	4,111,957	3,540,336	2,306,552	2,033,259	1,900,286	1,957,301	1,923,794	1,983,817	1,922,243	2,022,504	2,117,591	2,013,569	1,976,114	2,063,655	2,092,183	2,013,035	2,004,077	2,036,155	2,139,402	2,071,045	2,183,571	2,173,690	2,164,030	2,169,944	2,271,827	2,335,120	2,389,149	2,371,246	2,476,149	2,504,670	2,524,303	2,635,536	2,762,136	2,873,759	2,924,380	1,046,377	407,093	380,734	371,764	358,296	352,277	349,343	342,599	369,398	367,603	391,539	425,793	763,132	65,193	68,590	67,667	70,017	69,109	84,117	85,528	86,774	58,762	64,611	66,828	69,646	82,434	94,671	101,628	112,685	117,061	126,074	72,885	74,424	66,639	68,046	70,544	74,203	73,310	74,976	77,007	78,361	71,498	72,840	73,518	79,843	87,603	88,487	122,708	10,124	10,407	10,555	18,510	19,115	24,002	21,849	135,141	133,500	142,100	146,800	176,900	179,200	41,500	179,400	185,600	189,400	187,500	186,800	184,100	187,900	193,800	164,400	148,300	160,100	160,700	152,500	144,400	148,900	156,700	155,200	160,600
Non Currrent Assets Other	234,960	238,053	246,032	231,960	136,268	122,668	81,886	97,709	66,795	53,887	61,000	59,099	60,682	45,598	41,651	42,653	47,400	46,179	54,353	53,487	53,375	54,574	56,802	63,037	62,284	47,018	48,239	42,138	43,613	35,912	38,592	40,584	70,606	75,523	79,833	67,023	71,009	72,170	76,077	79,984	44,643	25,277	14,836	18,636	26,961	29,399	21,019	21,737	31,112	23,206	25,658	31,157	36,035	8,865	9,185	8,309	8,429	7,031	6,867	6,840	6,623	6,177	6,092	6,256	6,667	6,128	6,642	6,603	6,683	3,770	3,965	4,906	18,090	18,542	19,988	21,128	22,009	23,345	25,203	6,005	24,751	26,187	5,798	6,010	6,134	31,736	8,015	11,199	10,649	34,813	34,283	34,872	35,774	3,408	4,452	4,214	42,100	5,700	5,200	25,200	25,500	59,200	4,700	5,200	5,600	5,300	5,300	4,000	4,300	4,400	11,900	3,800	4,000	4,000	3,700	3,200	2,900	2,700	2,700	4,300
Noncontrolling Interest In Consolidated Entity	0	0	82,333	89,065	0	88,702	73,057	70,370	66,825	63,713	65,234	63,343	62,300	61,269	64,994	64,877	77,531	64,399	63,724	66,160	62,773	60,861	74,628	73,878	82,764	82,032	102,904	104,475	103,228	101,720	101,862	103,481	103,901	102,636	102,597	105,147	98,144	100,123	98,487	103,288	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	262,664	271,117	252,927	154,156	137,467	98,198	113,584	83,006	69,324	76,875	74,501	77,358	61,360	56,454	57,185	61,794	60,025	68,718	67,524	68,356	70,124	71,425	78,223	2,355,958	2,350,439	2,320,212	2,259,777	2,289,140	2,318,696	2,327,349	2,376,012	2,349,647	2,326,155	2,386,721	2,406,399	2,542,984	2,596,361	2,709,960	2,769,785	1,450,058	967,042	839,888	816,077	808,227	809,491	808,490	799,935	797,128	794,422	795,512	793,037	36,035	136,954	135,526	126,749	127,812	112,926	114,562	118,046	112,615	117,086	104,572	105,942	107,560	108,223	110,972	112,822	113,996	110,873	112,659	20,815	22,519	22,971	24,417	25,557	26,438	27,774	29,632	28,880	29,180	30,616	31,842	33,056	33,651	36,165	37,606	41,859	42,444	39,292	38,813	39,453	40,406	41,543	43,881	44,903	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	148,243	38,119	53,188	61,234	56,324	26,301	57,462	64,387	38,599	13,721	21,734	9,544	42,289	28,532	34,392	26,270	25,032	25,061	24,127	20,959	22,099	20,253	21,148	15,888	56,664	17,101	13,101	16,331	21,770	18,609	25,822	11,570	10,460	8,718	24,102	30,642	21,324	21,583	33,022	32,978	46,513	4,193	5,344	6,651	10,847	12,297	12,654	9,840	9,235	11,205	12,353	9,599	25,100	7,154	7,803	6,974	5,348	7,233	8,195	6,926	6,696	6,796	7,559	5,829	8,417	12,776	5,859	3,861	5,036	307	151	9	6	6	28	839	850	731	737	1,143	1,176	993	1,012	1,063	1,031	5,378	2,842	184	209	2,969	2,962	2,940	12,211	8,276	10,365	6,645	8,700	10,900	13,800	12,300	8,600	9,900	10,500	7,400	7,800	9,700	9,200	7,100	8,100	7,100	7,200	6,200	10,700	9,400	11,900	8,700	8,500	8,600	10,000	8,600
Other Current Liab	440,999	512,715	427,396	501,019	476,874	507,306	410,738	385,175	367,119	332,235	304,330	295,592	338,525	333,636	275,145	282,074	301,968	296,598	267,264	258,629	282,786	281,412	253,341	254,728	19,172	292,483	266,102	233,324	223,617	254,561	249,435	227,338	226,114	240,598	243,696	226,385	241,146	298,038	167,552	151,196	109,523	99,595	68,708	64,275	72,771	66,759	63,338	59,553	66,845	75,282	63,371	77,360	81,698	46,885	42,758	42,349	47,522	45,132	42,128	37,321	49,780	40,123	39,648	48,799	49,579	45,262	35,998	39,091	2	32,866	29,806	26,354	25,378	25,936	27,085	29,348	192	29,668	28,685	9,476	326	29,991	31,434	28,048	28,881	32,000	30,300	32,900	147,500	148,000	18,947	27,313	28,797	24,864	24,527	20,906	23,500	23,400	22,000	20,600	22,900	27,900	26,200	25,500	26,300	28,300	31,500	27,900	34,400	30,000	24,800	19,900	24,700	20,000	29,200	25,300	25,900	24,700	28,000	21,000
Other Liab	0	816,668	901,165	0	780,765	757,872	525,539	503,385	473,971	451,381	436,976	397,483	393,579	368,403	369,904	361,483	363,716	332,551	340,159	339,320	346,095	335,948	348,332	374,979	106,287	96,354	96,916	95,720	96,114	89,517	93,692	96,116	97,809	105,783	110,918	112,354	114,700	90,158	98,241	106,200	40,671	51,086	59,469	59,909	61,539	52,678	56,725	57,610	58,245	34,014	46,512	46,810	50,760	35,108	37,958	36,227	36,143	36,084	54,117	54,278	54,274	19,390	26,019	28,833	27,225	31,113	36,171	35,378	34,685	25,560	29,793	27,663	27,372	17,136	17,368	20,332	20,197	17,074	17,361	17,078	16,083	7,106	7,129	7,343	7,530	5,798	7,418	8,591	8,134	7,539	7,669	15,642	16,247	20,012	17,859	18,865	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	1,068,779	1,062,645	1,055,336	1,058,671	1,105,633	1,122,548	1,154,751	1,199,024	1,253,095	1,321,076	1,340,342	1,411,994	1,445,719	1,445,653	1,445,136	1,440,750	1,485,875	1,492,159	1,499,453	1,495,601	1,488,401	1,483,228	1,482,946	1,478,811	1,471,551	1,469,571	1,467,635	1,463,444	1,458,522	1,456,054	1,453,197	1,450,449	1,454,467	1,452,459	1,456,687	1,453,952	1,456,430	1,453,970	1,452,223	1,446,065	1,440,979	599,158	596,792	594,914	593,803	592,537	590,143	588,219	582,097	582,166	582,036	581,144	285,766	154,883	155,059	155,217	153,488	153,600	153,904	154,106	153,051	153,453	153,461	151,967	150,717	150,385	150,708	150,228	149,873	149,511	149,078	78,309	79,198	79,192	79,175	77,224	77,221	77,156	77,118	77,086	77,007	76,319	73,883	74,223	74,575	83,000	81,400	35,500	35,400	188,900	185,697	180,317	175,900	169,348	167,400	162,700	35,000	35,100	35,100	35,000	35,000	34,800	34,800	34,800	34,800	34,800	34,700	34,700	34,400	33,600	78,000	72,400	67,300	48,800	57,600	52,200	48,000	38,900	34,700	30,900
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,212	8,952	9,296	8,955	8,599	8,227	7,861	0	0	0	0	0	0	0	0	0	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	5,501,066	5,253,931	2,774,526	2,712,823	2,648,223	2,345,671	2,237,199	1,867,880	1,840,080	1,834,670	2,011,848	1,967,313	2,010,377	432,303	1,908,230	1,887,979	1,927,137	1,833,831	1,843,246	1,821,279	1,687,858	1,631,036	1,624,354	1,657,609	1,645,800	1,621,867	1,584,700	1,532,600	1,515,575	1,535,200	1,528,400	1,535,500	1,508,200	1,516,600	1,515,600	1,507,600	1,574,100	1,638,100	1,697,100	1,681,600	666,600	522,300	479,000	462,800	453,900	439,000	422,664	408,547	400,222	399,300	396,000	393,300	393,400	158,800	158,900	150,600	152,000	144,000	146,500	147,700	143,300	139,000	132,700	128,700	128,700	128,700	128,724	130,015	132,100	134,440	136,500	84,500	85,178	81,800	77,700	75,700	75,400	72,500	71,800	72,000	73,300	73,500	73,200	73,600	73,000	71,900	76,100	75,100	74,700	78,200	81,399	84,397	88,200	99,703	105,600	109,000	113,800	121,300	128,500	133,300	140,100	159,900	164,400	169,200	156,600	168,200	169,900	175,500	175,800	169,400	158,000	155,000	155,100	155,200	148,900	146,100	145,700	143,100	144,000	144,300
Property Plant And Equipment Net	3,140,724	3,001,674	2,971,080	2,901,849	2,648,223	2,520,788	2,414,527	2,033,008	1,995,544	1,995,330	2,011,848	1,967,313	2,010,377	1,931,441	1,908,230	1,887,979	1,927,137	1,833,831	1,843,246	1,821,279	1,687,858	1,631,036	1,624,354	1,657,609	1,645,822	1,621,867	1,584,735	1,532,583	1,515,575	1,535,185	1,528,387	1,535,521	1,508,167	1,516,598	1,515,573	1,507,625	1,574,116	1,638,126	1,697,058	1,681,636	666,573	522,262	478,967	462,754	453,927	438,969	422,664	408,547	400,222	399,320	396,004	393,313	393,420	158,761	158,859	150,612	151,982	144,016	146,477	147,692	143,291	138,993	132,698	128,703	128,685	128,675	128,724	130,015	132,149	134,440	136,507	84,505	85,178	81,773	77,650	75,671	75,398	72,514	71,828	71,994	73,274	73,460	73,172	73,570	72,954	71,868	76,064	75,064	74,744	78,214	81,399	84,397	88,242	99,703	105,593	108,982	113,800	121,300	128,500	133,300	140,100	159,900	164,400	169,200	170,600	168,200	169,900	175,500	175,800	169,400	158,000	155,000	155,100	155,200	148,900	146,100	145,700	143,100	144,000	144,300
Property Plant Equipment	0	3,001,674	2,774,526	2,712,823	2,648,223	2,520,788	2,237,199	1,867,880	1,995,544	1,834,670	2,011,848	1,822,075	1,863,814	1,789,172	1,773,329	1,764,120	1,802,411	1,714,768	1,722,296	1,691,558	1,687,858	1,631,036	1,624,354	1,657,609	1,645,822	1,621,867	1,584,735	1,532,583	1,515,575	1,535,185	1,528,387	1,535,521	1,508,167	1,516,598	1,515,573	1,507,625	1,574,116	1,638,126	1,697,058	1,681,636	666,573	522,262	478,967	462,754	453,927	438,969	422,664	408,547	400,222	399,320	396,004	393,313	393,420	158,761	158,859	150,612	151,982	144,016	146,477	147,692	143,291	138,993	132,698	128,703	128,685	128,675	128,724	130,015	132,149	134,440	136,507	84,505	85,178	81,773	77,650	75,671	75,398	72,514	71,828	71,994	73,274	73,460	73,172	73,570	72,954	71,868	76,064	75,064	74,744	78,214	81,399	84,397	88,242	99,703	105,593	108,982	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	3,733,254	3,648,738	3,523,712	3,271,329	3,085,528	2,928,968	2,737,887	2,535,891	2,347,838	2,192,084	2,045,272	1,848,690	1,696,924	1,652,179	1,551,054	1,485,615	1,400,105	1,157,496	1,131,775	1,105,517	1,087,505	1,046,857	1,052,894	1,083,314	981,227	875,498	867,737	858,588	852,802	812,261	783,567	751,568	750,489	666,060	675,147	672,067	671,958	602,015	587,697	554,940	607,743	585,250	557,599	531,181	498,776	469,974	432,802	396,577	368,006	338,509	297,377	245,150	198,588	188,576	177,194	165,823	154,345	145,137	129,064	117,365	112,555	126,584	103,590	79,511	58,050	43,679	31,578	22,097	12,376	6,287	1,664	4,813	4,447	2,366	375	-2,372	-3,294	-4,203	-8,785	-13,251	-17,186	-26,050	-28,779	-31,958	-35,377	-39,055	-42,508	-43,757	-44,340	-42,884	-39,365	-33,644	-32,495	-26,147	-20,978	-16,332	-13,300	-11,500	-6,300	-1,800	2,700	23,900	30,800	33,400	34,800	33,100	33,600	29,800	29,400	28,000	29,300	25,700	21,700	18,900	16,800	12,400	7,400	5,400	2,700	1,100
Retained Earnings Total Equity	0	0	3,523,712	3,271,329	0	2,928,968	2,737,887	2,535,891	2,347,838	2,192,084	2,045,272	1,848,690	1,696,924	1,652,179	1,551,054	1,485,615	1,400,105	1,157,496	1,131,775	1,105,517	1,087,505	1,046,857	1,052,894	1,083,314	981,227	875,498	867,737	858,588	852,802	812,261	783,567	751,568	750,489	666,060	675,147	672,067	671,958	602,015	587,697	554,940	607,743	585,250	557,599	531,181	498,776	469,974	432,802	396,577	368,006	338,509	297,377	245,150	198,588	188,576	177,194	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	60,703	73,862	88,085	118,804	69,846	63,663	32,695	35,337	24,407	55,138	41,603	26,997	27,538	26,185	42,758	86,397	90,996	61,092	35,877	23,693	7,221	11,100	7,466	16,722	16,143	18,215	1,746,923	24,965	23,247	27,169	30,842	46,591	45,166	0	0	0	54,401	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,637,301	4,619,224	4,744,428	4,867,396	3,575,750	3,461,788	3,092,990	1,880,153	1,621,863	1,544,225	1,602,156	1,591,372	1,657,235	1,620,998	1,734,890	1,879,977	1,778,654	1,739,878	1,796,076	1,816,332	1,674,432	1,679,229	1,695,289	1,781,145	1,714,193	1,752,391	1,746,923	1,752,461	1,750,943	1,845,530	1,905,334	1,970,984	1,960,000	2,024,378	2,045,301	2,090,730	2,152,440	2,283,227	2,371,271	2,392,945	886,835	250,162	250,184	250,203	250,224	250,243	250,025	250,028	280,030	310,033	330,034	370,037	710,039	28,791	30,044	31,296	32,548	33,750	35,000	36,250	37,500	40,000	41,250	42,500	43,750	54,750	63,500	71,250	83,004	93,759	99,015	48,272	49,528	50,785	50,793	52,051	54,558	56,318	58,832	60,092	55,677	60,649	61,591	62,616	68,427	74,056	75,115	117,247	120,053	124,174	125,371	109,018	109,528	114,974	119,858	120,594	118,000	125,000	126,900	147,800	148,300	142,600	135,900	143,300	147,300	141,700	140,200	150,700	153,800	151,700	122,700	114,000	126,200	124,200	120,000	118,000	120,700	125,000	124,300	128,600
Short Term Debt	116,028	126,240	136,466	164,160	119,078	107,703	78,193	76,986	62,575	95,320	81,831	65,061	66,997	67,158	82,290	123,869	128,801	96,315	72,580	63,469	7,492	11,100	7,466	16,722	16,143	18,215	19,370	24,965	23,247	27,169	30,842	46,591	47,244	47,966	50,884	81,195	54,401	60,197	68,616	62,451	19,888	86	85	83	82	80	10	10	10	314	161	9	3,009	5,009	5,009	5,009	5,009	5,000	5,000	5,000	5,000	5,000	5,000	5,000	6,250	5,000	5,000	5,000	5,004	5,009	5,015	5,022	5,026	5,026	5,027	5,029	5,030	5,030	5,036	5,041	7,489	8,656	7,813	8,033	8,372	4,352	4,265	5,120	120,053	124,174	125,371	109,018	109,528	114,974	119,858	6,905	7,800	10,100	11,100	8,300	7,700	142,600	5,100	5,100	5,100	5,100	5,100	18,100	15,600	8,600	8,000	8,000	9,100	10,100	10,000	13,900	11,600	11,400	11,400	11,300
Short Term Investments	0	0	0	0	0	0	0	0	0	0	1,037,436	915,085	805	5,739,060	5,602,453	0	0	0	0	0	0	103	142	142	142	282	282	282	293	294	312	321	331	334	340	353	343	346	350	364	354	358	361	377	361	363	367	381	365	368	376	384	373	373	375	388	397	379	375	430	449	322	331	409	433	440	448	458	480	0	0	0	2,349	0	0	0	2,379	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	11,061,084	10,810,337	10,973,239	10,861,132	9,202,370	8,808,754	8,026,686	6,615,616	6,133,728	5,925,720	5,833,323	5,591,447	5,613,331	5,380,986	5,327,154	5,377,779	5,345,258	4,944,899	5,036,596	4,995,054	4,889,354	4,805,211	4,856,916	5,085,510	4,958,225	4,934,522	4,829,876	4,719,661	4,698,017	4,816,884	4,859,894	4,871,816	4,789,602	4,848,376	4,938,800	4,957,815	5,170,713	5,377,856	5,554,795	5,549,859	3,244,133	1,713,635	1,641,825	1,591,793	1,552,416	1,523,483	1,479,208	1,402,206	1,417,030	1,416,526	1,403,822	1,405,069	1,382,258	461,297	448,383	437,047	426,171	412,004	406,011	388,279	394,375	413,274	389,262	370,543	351,338	339,466	329,503	323,608	320,806	316,604	320,791	186,472	190,772	184,797	180,381	181,641	182,809	185,789	179,557	184,186	174,649	167,464	163,113	158,554	162,912	163,453	157,660	154,456	159,079	164,678	160,005	166,981	174,505	181,091	187,790	189,311	197,800	210,000	216,600	248,700	263,200	288,200	296,100	302,500	313,000	308,300	314,700	315,300	329,600	326,100	280,400	252,800	266,100	256,400	257,000	242,700	245,500	237,200	235,400	231,600
Total Current Assets	1,855,666	1,842,995	1,875,957	1,902,506	1,638,097	1,562,036	1,461,826	1,259,033	1,089,014	1,103,644	1,022,580	940,767	986,994	931,174	931,051	930,060	917,288	853,681	867,138	871,175	897,942	878,478	918,198	971,080	956,445	962,216	924,929	927,301	893,302	963,003	1,004,158	960,283	931,788	1,005,623	1,036,506	1,043,791	1,053,613	1,143,369	1,147,777	1,098,438	1,127,502	224,331	322,970	312,962	290,262	275,023	248,054	193,724	219,680	222,784	212,306	218,719	185,586	165,582	153,998	159,686	146,377	155,062	144,972	122,541	138,469	157,195	151,992	135,898	115,093	102,568	89,807	80,771	74,661	71,291	71,625	81,152	83,075	80,053	78,314	80,413	80,973	85,501	78,097	83,312	72,195	63,388	58,099	51,928	56,307	55,420	43,990	37,533	41,891	47,172	39,793	43,131	45,857	39,845	38,316	35,426	37,100	39,000	37,400	43,200	49,200	48,700	48,300	47,600	57,200	56,600	59,500	55,300	69,700	68,600	62,900	52,100	64,100	53,300	59,500	51,500	54,100	47,500	44,300	38,900
Total Current Liabilities	998,137	1,033,703	1,013,549	1,099,024	1,068,443	1,027,983	919,827	813,414	752,684	756,197	692,212	637,707	675,305	623,554	606,296	651,746	688,339	595,893	566,306	546,172	540,498	485,831	482,730	506,869	559,483	546,264	488,980	451,794	451,851	459,660	466,698	451,856	443,746	455,354	465,019	475,571	484,043	544,290	557,169	529,727	176,804	148,235	133,981	122,170	131,684	135,625	134,677	103,641	127,257	146,434	151,553	172,207	154,830	74,151	69,421	70,922	71,277	70,696	66,290	59,496	71,023	81,956	75,139	80,708	80,708	73,501	62,737	60,481	56,796	52,683	52,319	39,102	42,668	44,635	41,087	42,740	41,371	44,089	40,894	47,882	41,006	48,974	48,453	46,055	47,155	40,626	38,521	40,819	158,609	161,936	153,596	147,205	152,666	148,017	151,700	35,283	42,400	44,100	40,800	38,400	46,100	187,800	50,900	48,500	53,800	52,800	59,500	66,600	77,700	70,600	53,100	45,700	51,200	43,900	54,800	53,800	57,100	48,000	50,500	42,800
Total Liab	6,367,393	6,343,355	6,522,676	6,739,533	5,305,880	5,139,940	4,460,163	3,119,966	2,785,943	2,656,483	2,649,513	2,561,501	2,659,122	2,545,797	2,628,800	2,769,337	2,701,908	2,572,007	2,629,961	2,638,355	2,553,533	2,489,908	2,518,885	2,646,271	2,630,528	2,729,835	2,662,670	2,615,824	2,621,795	2,731,487	2,801,818	2,841,005	2,814,992	2,931,503	2,969,689	2,999,874	3,119,579	3,306,426	3,430,928	3,454,107	1,223,181	555,328	514,715	493,934	489,980	487,902	484,020	446,240	496,655	514,037	543,092	598,000	917,962	139,344	138,011	138,589	141,294	139,805	150,407	145,024	157,797	140,718	139,750	147,536	150,354	155,935	157,408	162,109	169,481	169,744	178,393	111,987	117,092	111,274	109,133	113,284	115,574	117,399	115,870	124,889	119,367	120,472	121,293	119,573	126,998	128,229	127,008	163,527	168,733	172,343	164,151	165,715	171,781	172,019	173,549	170,424	175,900	186,200	187,600	215,300	225,300	229,300	230,300	234,100	243,200	240,300	246,300	250,700	265,600	264,400	217,500	194,000	211,300	204,600	207,300	198,200	206,000	204,700	205,700	203,400
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,315,303	2,338,031	2,439,239	2,327,697	2,204,687	2,167,206	2,103,837	2,076,222	2,085,397	2,058,076	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,605,431	4,380,714	4,368,230	4,032,534	3,809,023	3,580,112	3,493,466	3,425,280	3,280,960	3,205,524	3,118,576	2,966,603	2,891,909	2,773,920	2,633,360	2,543,565	2,565,819	2,308,493	2,342,911	2,290,539	2,273,048	2,254,442	2,263,403	2,365,361	2,244,933	2,122,655	2,064,302	1,999,362	1,972,994	1,983,677	1,956,214	1,927,330	1,870,709	1,814,237	1,866,514	1,852,794	1,952,990	1,971,307	2,025,380	1,992,464	2,020,952	1,158,307	1,127,110	1,097,859	1,062,436	1,035,581	995,188	955,966	920,375	902,489	860,730	807,069	464,296	321,953	310,372	298,458	284,877	272,199	255,604	243,255	236,578	272,556	249,512	223,007	200,984	183,531	172,095	161,499	151,325	146,860	142,398	74,485	73,680	73,523	71,248	68,357	67,235	68,390	63,687	59,297	55,282	46,992	41,820	38,981	35,914	35,224	30,652	-9,071	-9,654	-7,665	-4,146	1,266	2,724	9,072	14,241	18,887	21,900	23,800	29,000	33,400	37,900	58,900	65,800	68,400	69,800	68,000	68,400	64,600	64,000	61,700	62,900	58,800	54,800	51,800	49,700	44,500	39,500	32,500	29,700	28,200
Treasury Stock	0	0	-624,852	-614,961	0	-529,905	-491,717	-438,906	-374,721	-302,188	-277,611	-199,851	-151,710	-143,826	-136,676	-135,104	-75,022	-64,633	-52,848	-52,845	-47,756	-47,696	-47,403	-47,025	-44,063	-43,155	-43,054	-42,809	-40,909	-40,909	-40,878	-40,868	-34,316	-34,279	-28,265	-27,638	-23,207	-19,999	-18,685	-17,900	-13,271	-12,631	-12,524	-12,518	-10,033	-9,314	-7,624	-7,567	-5,588	-5,465	-5,464	-5,413	-4,340	-4,197	-4,197	-4,200	-3,855	-3,855	-3,855	-3,855	-3,848	-3,520	-3,520	-1,614	-1,547	-1,547	-629	-378	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	-172	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

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	127,331	69,072	81,720	73,045	107,369	106,916	114,564	156,884	108,784	870,857	103,249	38,936	19,202	68,182	50,814	16,335	5,281	36,000	37,249	24,803	15,537	3,668	3,509	1,828	12,300	2,900	13,000	11,600	5,100	5,300
Capital Expenditures	557,004	392,801	274,400	283,925	363,149	325,779	281,483	243,546	233,693	240,206	120,730	115,550	60,153	26,087	23,638	37,615	15,814	11,800	21,406	13,312	11,586	13,433	9,142	7,684	9,900	15,000	26,600	28,600	24,600	17,800
Cash And Cash Equivalents Changes	0	0	-12,648	8,675	-34,324	453	-7,790	-42,320	48,100	-762,073	767,608	64,313	19,734	-48,980	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	-401,491	-352,420	-395,649	5,218	-28,050	9,235	77,326	23,311	-10,298	10,398	-23,011	-17,542	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-537	81,096	-12,648	8,675	-34,324	453	-7,790	-42,320	48,100	-762,073	767,608	64,313	19,734	-48,980	17,368	34,479	11,054	-30,719	-1,249	12,446	9,846	11,869	159	1,681	-10,500	-2,900	-9,800	-14,200	400	-14,000
Change In Working Capital	-66,193	-141,030	-34,743	6,278	-19,650	13,195	47,862	26,511	79,463	-16,523	12,902	8,108	-45,640	-1,444	9,018	2,026	-9,886	-526	1,951	5,089	-4,590	6,043	-9,097	4,478	-4,500	13,300	-7,800	10,100	-4,100	-7,800
Change Receivables	0	0	-79,954	22,362	-26,086	-6,347	3,482	-22,796	8,214	982	4,424	-2,324	6,181	-6,276	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-10,832	-56,543	-79,954	22,362	-26,086	-6,347	3,482	-22,796	8,214	982	4,424	-2,324	-10,086	-6,276	-5,148	18,977	-17,020	-2,787	793	2,700	-5,300	-400	-1,900	-4,800	-400	15,900	3,500	-5,800	0	0
Change To Inventory	49,582	-130,170	-72,919	-18,666	-39,111	2,391	-15,022	15,343	34,536	-11,194	2,059	-15,168	-5,760	-4,661	4,286	-398	-7,728	867	-3,074	2,606	-365	111	-746	2,246	2,100	700	-3,200	3,700	2,200	-7,800
Change To Liabilities	0	65,936	84,580	11,200	32,436	14,534	73,386	39,286	-11,449	-31,223	8,521	3,923	-29,083	23,727	0	0	18,916	0	1,276	3,001	0	6,312	0	5,998	0	0	0	0	0	0
Change To Netincome	0	-182,626	123,570	287,644	99,597	-49,803	-82,421	-42,992	-18,081	-65,675	-3,131	18,357	35,126	5,450	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-16,758	14,724	-12,818	3,569	12,426	-24,380	-8,199	35,396	47,363	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	502,015	394,721	316,387	350,178	325,510	321,192	302,100	289,908	269,904	269,517	98,787	85,371	78,909	31,908	25,226	24,433	23,214	20,686	16,388	15,224	15,133	16,426	26,634	31,181	31,500	32,400	33,700	27,600	22,600	19,900
Dividends Paid	0	0	664,425	492,568	1,025,200	10,257	5,281	136,674	667,728	4,272	0	0	0	0	0	0	0	0	0	1,240	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	126,794	150,168	69,072	81,720	73,045	107,369	106,774	114,564	156,884	108,784	870,857	103,249	38,936	19,202	68,182	50,814	16,335	5,281	36,000	37,249	25,383	15,537	3,668	3,509	1,800	12,400	3,200	-2,600	5,500	-8,700
Exchange Rate Changes	0	0	-5,445	1,638	-3,986	-8,165	20,528	-6,297	-3,601	10,980	-5,134	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	342,259	420,938	430,020	340,726	-528	72,836	129,104	147,490	187,655	34,966	89,991	133,987	180,711	55,423	55,548	54,335	49,893	17,032	3,178	24,811	16,716	20,699	-3,530	8,559	-9,100	10,500	500	17,800	9,600	14,800
Investments	-1,675,452	-2,416,546	-490,263	-310,628	2,000	12,250	4,750	-243,191	-4,750	-4,750	44,959	-43,424	-23,305	-23,305	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	50	67	39	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
Net Borrowings	0	1,872,391	-105,963	-240,141	517,606	624,620	33,401	36,327	590,745	1,842,184	344,704	-30,032	-430,408	653,471	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	647,726	747,092	657,290	300,330	320,967	105,944	133,354	107,224	85,279	68,311	108,967	130,770	169,418	44,243	41,790	54,562	45,533	5,107	7,741	14,268	18,191	9,366	-11,845	-19,189	-16,000	-32,100	5,400	7,700	14,400	7,400
Other Cashflows From Financing Activities	1,888,636	3,764,493	1,272,125	953,889	2,032,368	1,149,838	199,684	266,074	1,309,501	1,960,504	622,468	-1,432	130,445	685,629	-1,117	-5,384	-39,573	31,647	-5,249	-667	-8,524	-14,187	3,823	-10,654	-33,100	-3,000	-10,100	-14,800	-800	-14,000
Other Cashflows From Investing Activities	0	-2,025,237	-216,137	-30,513	1,431	107,727	12,144	8,511	377	2,094,400	734,075	5,005	-225	-758,925	1,913	0	0	739	768	161	0	5,357	0	3,776	0	0	0	0	0	0
Other Non Cash Items	-195,200	-258,783	-353,163	-71,171	-305,743	-43,521	8,478	-31,405	-30,100	-45,724	-43,961	6,046	9,543	2,255	-12,268	23,498	1,235	4,157	2,354	2,763	-2,150	806	-80	-227	100	3,500	-2,000	800	-5,200	4,000
Sale Purchase Of Stock	-52,941	-125,531	-167,708	-55,044	-19,260	182	22	-5,000	-5,912	416	840,600	100	293,117	35	0	300	500	0	0	-10,000	2,000	0	0	0	0	100	300	600	0	0
Stock Based Compensation	33,156	25,005	21,837	23,222	21,007	18,779	17,598	10,330	8,995	20,807	9,433	8,904	3,932	2,146	768	-141	-5	3,337	0	0	0	-696	0	0	-400	17,700	-900	300	200	7,800
Total Cash From Financing Activities	876,292	1,678,604	-221,360	-306,986	-54,885	-47,582	-154,852	-183,868	-139,978	1,275,569	1,457,446	-31,392	-137,447	653,155	-6,106	-5,081	-39,056	31,676	-5,195	-12,526	-6,513	-14,187	3,823	-10,654	-33,100	-2,900	-9,800	-14,200	400	-14,000
Total Cash From Operating Activities	899,263	813,739	704,420	624,651	362,621	398,615	410,587	391,036	421,348	275,172	210,721	249,537	240,864	81,510	79,186	91,950	65,707	28,832	24,584	38,123	28,302	34,132	5,612	16,243	800	25,500	27,100	46,400	34,200	32,600
Total Cashflows From Investing Activities	0	-2,416,546	-490,263	-310,628	-338,074	-342,415	-284,053	-243,191	-229,669	-2,323,794	-895,425	-153,832	-83,683	-783,645	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31
Begin Period Cash Flow	119,281	244,119	261,839	150,168	147,357	146,840	99,560	69,072	67,360	77,918	71,376	81,720	65,955	76,288	76,445	73,045	69,281	87,114	95,823	107,369	81,573	104,262	123,011	106,916	110,146	124,817	138,880	114,564	148,585	157,815	147,326	156,884	148,886	126,020	112,131	108,784	193,427	143,785	143,422	870,857	8,011	133,571	121,777	103,249	87,686	72,254	27,584	38,936	28,550	12,444	38,046	19,202	77,075	66,486	76,718	68,182	70,674	57,786	38,178	50,814	43,214	44,596	38,881	16,335	5,873	6,161	5,271	5,281	6,151	5,731	37,188	36,000	36,739	32,368	38,617	37,249	41,191	36,509	38,161	25,383	15,775	15,261	10,863	15,537	9,694	2,795	2,999	3,668	3,408	3,107	2,853	3,509	5,498	1,941	1,983	1,828	2,800	1,600	1,600	12,300	3,400	3,300	3,500	3,000	1,800	6,200	3,400	13,000	12,000	10,000	0	11,600	0	2,700	2,300	5,100	700	0	1,700	5,300
Capital Expenditures	174,927	146,253	122,980	112,844	135,502	105,642	79,939	71,718	82,388	65,571	65,343	61,098	95,294	61,715	61,901	65,015	114,907	77,221	83,974	87,047	110,800	75,555	82,822	56,602	79,222	69,622	70,167	62,292	75,322	58,818	56,031	53,375	68,490	64,239	49,373	51,591	78,012	51,351	52,671	58,172	32,637	32,755	28,333	27,005	31,396	30,658	28,806	24,690	16,132	16,151	15,113	12,757	8,839	6,857	5,612	4,779	9,495	3,849	4,145	6,149	16,583	7,568	8,756	4,708	5,606	4,466	3,357	2,385	3,576	2,628	3,093	2,503	6,926	7,008	4,354	3,118	5,614	3,321	2,863	1,514	3,763	2,947	2,197	2,679	3,626	2,409	3,776	3,622	3,126	2,234	2,250	1,532	2,808	1,502	2,490	884	5,900	1,500	1,400	1,100	3,400	3,000	2,700	5,900	10,100	6,200	4,200	6,100	10,200	6,900	6,300	5,200	5,200	6,900	7,500	5,000	5,600	4,000	5,200	3,000
Cash And Cash Equivalents Changes	0	0	-26,974	104,390	0	4,753	63,339	30,488	1,712	-10,558	6,542	-10,344	15,765	-10,333	-157	3,400	3,764	-17,833	-8,709	-11,546	25,796	-22,689	-18,749	16,095	-3,372	-14,671	-14,063	24,316	-34,021	-9,230	10,489	-9,558	7,998	22,866	13,889	3,347	-84,643	49,642	363	-727,435	862,846	-125,560	11,794	18,528	15,563	15,432	44,670	-11,352	10,386	16,106	-25,602	18,844	10,386	0	18,577	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-234,396	-125,017	0	-131,875	-125,860	-166,323	-64,649	-89,106	-135,337	-112,399	-43,080	-101,342	-69,413	-138,585	-281,957	-105,060	-8,749	117	37,913	-3,809	-20,462	-8,424	2,396	-10,879	-20,019	452	32,009	14,580	-440	-36,914	46,946	44,253	-6,558	-7,315	17,501	22,370	-28,450	11,890	18,733	-18,392	-922	-9,717	9,665	-11,325	4,863	7,195	17,567	-10,692	-48,758	18,872	17,567	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,513	9,412	-17,720	111,671	2,811	517	47,280	30,488	1,712	-10,558	6,542	-10,344	15,765	-10,333	-157	3,400	3,764	-17,833	-8,709	-11,546	25,796	-22,689	-18,749	16,095	-3,372	-14,671	-14,063	24,316	-34,021	-9,230	10,489	-9,558	7,998	22,866	13,889	3,347	-84,643	49,642	363	-727,435	862,846	-125,560	11,794	18,528	15,563	15,432	44,670	-11,352	10,386	16,106	-25,602	18,844	-57,873	10,589	-10,232	8,536	-2,492	12,888	19,608	-12,636	7,600	-1,382	5,715	22,546	10,462	-288	890	-10	-870	420	-31,457	1,188	-739	4,371	-6,249	1,368	-3,942	4,682	-1,652	12,778	9,608	514	4,398	-4,674	5,843	6,899	-204	-669	260	301	254	-656	-1,989	3,557	-42	155	-1,000	1,200	-21,400	-1,400	3,300	6,900	-8,200	-4,900	4,000	1,300	-12,500	-2,600	800	-1,300	-1,900	-11,800	500	-2,600	2,700	-2,800	-5,300	700	-4,400	-3,600
Change In Working Capital	-19,874	60,151	-63,989	-42,481	-7,755	-16,060	-41,972	-75,243	53,728	-39,781	-36,835	-11,855	27,529	30,282	4,402	-55,935	-99	-8,123	19,580	-31,008	57,609	3,830	12,848	-61,092	45,256	-10,764	22,738	-9,368	23,444	27,561	820	-25,314	51,860	20,408	22,146	-14,951	10,751	44,905	-27,951	-44,228	26,753	-9,165	10,033	-14,719	3,093	-11,216	20,535	-4,304	-1,428	-4,749	-43,975	4,512	9,309	1,118	-7,939	-3,932	11,487	-261	4,797	-7,005	24,359	-5,233	-17,981	881	2,207	-7,479	-4,463	-151	-150	409	-1,965	1,180	592	6,309	-8,663	3,713	-4,005	1,633	6,016	1,445	298	-3,484	677	-2,081	-1,173	3,801	2,583	832	4,856	1,267	-11,408	-3,812	1,259	6,942	1,128	-4,851	400	3,600	4,800	-13,300	5,600	-5,200	8,100	4,800	1,800	-4,900	1,800	-6,500	200	7,800	4,200	-2,100	4,600	-8,900	4,600	-4,400	5,100	-7,800	5,800	-3,100
Change Receivables	0	0	9,664	14,733	0	1,589	-5,729	-41,317	5,868	-50,911	-45,632	10,721	-13,721	10,006	25,590	487	-46,474	-6,830	15,526	11,692	-16,004	4,440	19,807	-14,590	8,793	-23,016	18,458	-753	-19,738	17,023	-27,199	7,118	556	-14,924	10,313	12,269	41,628	-3,726	-43,938	7,018	3,475	-5,310	4,808	1,451	1,132	-1,827	-14,063	12,434	5,320	8,130	5,101	-12,370	5,320	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-36,563	1,334	9,664	14,733	-11,086	1,589	-5,729	-41,317	5,868	-50,911	-45,632	10,721	-13,721	10,006	25,590	487	-46,474	-6,830	15,526	11,692	-16,004	4,440	19,807	-14,590	8,793	-23,016	18,458	-753	-19,738	17,023	-27,199	7,118	556	-14,924	10,313	12,269	41,628	-3,726	-43,938	7,018	3,475	-5,310	4,808	1,451	1,132	-1,827	-14,063	12,434	5,320	8,130	-11,166	-12,370	-5,366	-269	1,714	-2,355	-990	1,822	-5,067	-913	31,718	-7,064	-6,560	883	-4,819	-5,259	0	-7,315	-7,315	4,528	549	3,418	793	880	1,475	3,155	800	1,864	2,800	1,653	100	0	945	3,300	-1,600	-2,600	-900	4,700	1,600	-4,900	1,449	0	-4,700	0	500	-1,300	-200	-5,100	8,500	-3,600	5,800	-500	2,000	5,300	1,400	1,700	-4,500	8,200	-1,800	-200	0	0	0	0	0	0	0	0	0	0
Change To Inventory	72,276	-393	3,425	-25,726	10,801	-45,772	-52,308	-42,891	24,612	-57,539	-12,804	-27,188	25,314	-8,567	-10,414	-24,999	-4,740	-16,997	-12,311	-5,063	28,351	4,601	-20,379	-10,182	16,036	-9,106	-11,292	-10,660	26,711	8,133	1,705	-21,206	26,869	29,118	5,060	-26,511	1,919	-10,307	-19,506	16,700	11,624	-5,685	-3,490	-390	193	-6,627	-397	-8,337	17,434	-2,157	-16,018	-5,019	4,910	-1,581	-4,607	-3,383	3,014	507	-2,901	3,666	8,285	1,943	-4,147	-6,479	1,467	-3,438	-3,175	-2,582	1,734	883	-2,027	277	-590	1,313	-2,694	-1,103	2,678	177	-224	-25	1,330	2,359	524	-4,578	1,831	2,079	-2,701	-1,098	337	-2,174	1,696	-605	1,305	1,264	-2,111	1,788	1,100	2,400	-300	-1,100	2,700	-300	-3,800	2,100	1,300	-3,000	3,200	-4,700	3,900	-1,900	300	1,400	1,900	-1,100	2,400	-1,000	-1,800	-1,200	700	-5,500
Change To Liabilities	0	54,510	-58,826	-35,254	-12,720	6,305	13,387	58,964	37,668	44,142	16,232	-13,462	22,032	22,543	-16,585	-16,790	52,235	10,050	13,167	-43,016	37,538	2,701	12,717	-38,422	33,449	23,343	24,959	-8,365	11,848	-3,551	27,653	3,336	-1,131	-8,813	18,480	-19,985	-39,082	33,077	38,606	-63,824	-2,082	10,936	6,000	-6,333	-4,559	1,884	30,036	-23,438	-16,109	-11,017	-192	-1,765	-16,109	333	0	0	0	0	0	0	0	4,863	0	4,048	18,916	11,618	5,634	3,534	0	0	0	0	1,276	3,268	0	1,370	3,001	5,652	2,449	226	0	1,712	1,953	0	6,312	6,904	2,251	0	0	0	0	0	5,998	0	0	0	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	-36,119	122,032	26,482	-92,320	102,760	28,027	29,760	34,088	22,958	-83,983	20,953	45,286	86,815	138,287	17,256	44,825	101,549	-26,207	-20,570	10,437	-6,987	38,020	-91,273	-92,726	-6,315	-5,827	22,447	-35,571	-18,059	16,848	-6,210	-80,261	26,106	32,434	3,640	-64,554	804	778	-2,703	-33,455	734	10,549	19,041	-7,154	8,427	9,799	7,285	8,393	8,339	9,574	8,820	8,393	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	19,272	-6,731	-6,731	6,741	-5,012	288	-18,775	-14,558	14,955	-4,507	18,834	-2,014	4,137	40	-14,981	-2,604	4,736	3,328	-1,891	7,695	-3,512	4,757	3,486	-23,344	-7,460	-14,668	2,834	-8,161	6,083	-2,498	-14,962	35,396	0	0	0	47,363	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	137,929	125,994	122,086	116,006	117,384	104,978	93,113	79,246	80,805	77,826	79,222	78,534	96,467	85,730	83,310	84,671	86,453	80,407	79,486	79,164	85,277	78,842	78,454	78,619	80,794	77,202	72,990	71,114	77,468	70,653	69,531	72,256	69,934	67,327	66,245	66,398	69,039	67,311	67,498	65,669	31,713	23,131	22,076	21,867	22,413	20,524	21,674	20,760	21,220	18,953	19,055	19,681	10,055	7,623	7,206	7,024	7,039	6,027	6,223	5,937	6,997	5,799	5,845	5,792	6,028	5,647	5,795	5,744	5,822	5,682	5,049	4,133	4,998	3,812	3,807	3,771	3,919	3,559	3,971	3,775	4,175	3,678	3,623	3,657	4,155	3,644	4,235	4,392	7,276	6,056	6,488	6,814	10,843	6,824	6,809	6,705	7,800	7,900	8,000	7,800	4,900	9,100	9,300	9,100	9,200	8,300	8,200	8,000	8,000	7,000	6,500	6,100	6,000	5,700	5,600	5,300	5,200	5,100	4,800	4,800
Dividends Paid	0	0	4,824	0	0	3,653	0	0	0	1,689	21	2,143	0	5,266	1,675	218,603	0	4,500	0	0	18,262	8,005	983	0	7,794	4,648	1,702	433	0	885	0	41,760	667	954	1,828	38	4,272	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,240	1,240	1,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	126,794	253,531	244,119	261,839	150,168	147,357	146,840	99,560	69,072	67,360	77,918	71,376	81,720	65,955	76,288	76,445	73,045	69,281	87,114	95,823	107,369	81,573	104,262	123,011	106,774	110,146	124,817	138,880	114,564	148,585	157,815	147,326	156,884	148,886	126,020	112,131	108,784	193,427	143,785	143,422	870,857	8,011	133,571	121,777	103,249	87,686	72,254	27,584	38,936	28,550	12,444	38,046	19,202	77,075	66,486	76,718	68,182	70,674	57,786	38,178	50,814	43,214	44,596	38,881	16,335	5,873	6,161	5,271	5,281	6,151	5,731	37,188	36,000	36,739	32,368	38,617	37,249	41,191	36,509	38,161	25,383	15,775	15,261	10,863	15,537	9,694	2,795	2,999	3,668	3,408	3,107	2,853	3,509	5,498	1,941	1,983	1,800	2,800	1,600	10,900	3,300	6,900	-8,200	-1,900	4,000	1,300	-12,500	10,400	800	-1,300	-1,900	-200	500	-2,600	2,700	2,300	-5,300	700	-2,700	1,700
Exchange Rate Changes	0	0	0	0	0	0	0	-8,118	1,160	-5,608	2,850	-3,847	4,350	3,855	349	-6,916	1,746	-4,879	722	-1,575	-1,927	5,083	-9,649	-1,672	3,852	5,443	10,924	309	-5,354	-2,884	-5,375	7,316	-3,302	5,861	7,544	-13,704	4,019	-1,195	9,892	-1,736	-5,134	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	42,048	130,335	94,294	75,582	39,799	171,761	128,904	80,474	169,983	88,541	93,789	77,707	58,944	145,049	167,202	-30,469	-14,968	31,157	21,729	-38,446	88,117	-3,904	18,301	-29,678	62,583	1,612	32,912	32,177	35,152	53,511	67,159	-8,332	56,204	44,865	78,937	7,649	17,863	86,922	18,857	-88,676	9,379	6,770	41,365	32,477	19,665	24,958	60,483	28,881	50,566	39,511	22,691	67,943	24,535	14,689	6,196	10,003	20,107	13,453	20,760	1,228	8,753	17,140	5,409	23,033	20,667	8,986	8,470	11,770	9,917	5,584	-874	2,405	852	4,291	-5,689	3,724	-1,265	7,307	12,695	6,074	9,497	186	5,528	1,505	5,952	9,883	3,580	1,284	7,579	1,705	-13,061	247	3,037	7,271	749	-2,498	-2,900	2,400	2,100	-10,700	4,000	-9,500	10,200	5,800	-400	-7,300	12,600	-4,800	700	7,300	3,900	5,900	3,400	-2,800	8,000	1,000	7,600	-2,700	8,300	1,600
Investments	-168,818	-158,269	25,000	-75,000	-193,788	25,000	-75,000	-164,750	-270,548	-20,551	-65,627	-4,449	-123,288	-61,477	-61,227	-64,636	-103,174	1,000	1,000	-79,765	2,250	3,500	3,000	3,500	-4,750	2,500	-2,500	2,250	-4,750	-2,250	-2,250	0	-4,750	0	0	0	-4,750	0	0	0	89,918	0	-32,424	-12,535	-9,008	-8,898	-14,167	-11,351	-9,063	-3,501	-9,140	-1,601	-9,063	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-112,407	-138,440	1,231,844	19,625	366,710	1,227,847	241,451	-12,861	-43,875	-12,544	-36,683	-30,684	-151,092	-66,629	8,264	5,621	519,717	-32,103	24,371	644,524	-14,159	-53,739	47,994	107,496	-90,500	7,756	8,649	7,562	11,488	8,517	8,760	4,546	6,225	574,031	5,943	5,267	15,721	23,687	1,797,509	344,642	22	19	21	-60,045	60,018	-3	-30,002	-29,919	-20,217	-40,003	-340,269	-29,919	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	84,516	128,081	255,197	189,855	159,231	192,301	204,829	190,731	157,597	148,206	198,069	153,418	46,139	101,605	66,495	86,091	243,446	26,837	31,044	19,640	42,144	-5,137	-29,138	98,075	106,944	8,684	10,328	7,398	41,680	28,890	33,991	2,663	85,875	-7,357	4,937	1,824	68,788	15,954	34,575	-51,006	22,493	27,651	26,418	32,405	28,802	37,172	36,225	28,571	29,497	41,132	52,227	46,562	10,012	11,382	11,371	11,478	9,208	16,073	11,699	4,810	-13,972	22,994	24,079	21,461	14,371	12,100	9,482	9,580	6,089	1,801	-3,149	366	2,162	1,921	2,742	916	1,285	4,582	4,466	3,935	8,864	2,728	3,180	3,419	3,695	3,839	1,249	583	-1,456	-3,519	-5,721	-1,149	-6,348	-5,169	-4,646	-3,026	-1,900	-5,200	-4,400	-4,500	-21,200	-6,900	-2,600	-1,400	1,700	-500	3,800	400	1,400	-1,200	3,600	3,900	2,900	2,200	4,300	5,000	2,000	2,700	1,600	1,100
Other Cashflows From Financing Activities	-4,264	546,960	740,519	1,479,635	195,498	1,184,012	2,040,755	344,228	309,691	99,860	121,799	76,350	106,355	3,926	146,237	423,406	156,614	56,625	611,887	170,302	156,231	129,850	728,140	135,617	37,284	72,475	38,916	51,009	20,363	52,985	16,526	81,286	3,368	30,437	542,065	59,991	3,097	5,570	-26,447	1,978,284	635,536	-11,242	-5	-1,821	-236	-93	69	-1,172	291,018	-20,237	-39,463	-612	685,848	39	2	-260	-2	-930	5	-190	-2,937	-1,274	76	-1,249	-10,552	-9,316	-7,781	-11,924	-10,908	-5,329	49,169	-1,285	-6	-65	-1,280	-2,533	-1,736	-2,667	-14,478	6,275	-1,283	281	-1,119	-5,090	-3,844	-3,002	-4,442	-2,899	-7,353	-1,095	13,286	-1,015	-6,182	-5,451	-1,144	2,123	-8,000	-2,300	-21,400	-1,400	3,300	6,900	-8,200	-5,000	4,000	1,200	-12,500	-2,800	800	-1,300	-1,900	-11,800	500	-100	2,700	-2,800	-5,300	700	-4,400	-5,000
Other Cashflows From Investing Activities	0	-1,126,078	-116,576	-1,181,789	-2,025,237	-1,965,638	-1,255,286	-129,747	-216,137	-69,279	-3,444	-59,809	-34,225	1,291	296	3,416	5,229	526	526	1,431	56,426	212	50,586	503	7,009	-225	9,068	3,301	8,843	6,029	3,941	8,511	-184	220	0	341	18,749	0	-6,039	2,081,690	854,242	-122,791	2,825	-201	5,016	-527	-1,712	2,228	-1,061	335	228	273	-1,061	0	0	0	1,913	1,773	158	76	0	881	717	634	0	0	103	57	739	459	219	57	768	994	866	174	161	450	447	349	0	75	28	13	5,357	1,622	1,604	946	0	0	141	112	3,776	2,620	883	530	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	12,343	5,795	-121,498	-101,763	-104,294	-15,777	-66,021	-72,691	-72,723	-54,241	-124,683	-101,516	-22,369	-13,853	62,527	-97,476	-257,620	6,524	-28,026	-26,621	9,980	1,938	39,582	-95,021	-9,514	-4,558	-4,497	27,047	-28,186	-14,250	14,328	-3,297	-84,669	15,035	35,350	4,184	-49,157	8,667	-5,335	101	-31,868	-14,779	2,134	552	572	1,542	1,712	2,220	9,980	-7,843	2,097	5,309	2,103	-697	403	446	-644	-11,758	30	104	22,826	150	180	342	120	110	465	540	360	410	2,868	399	2,813	9	-342	-126	2,706	26	1,105	-1,567	-77	211	245	-811	2,901	1,008	-711	-901	29	135	-170	-74	91	176	-52	-442	-1,400	1,100	-100	200	3,600	100	-300	100	-2,900	-3,100	4,100	-400	1,500	600	-3,700	2,500	-10,100	4,800	200	-100	2,000	100	600	1,300
Sale Purchase Of Stock	0	-1,720	-9,147	-43,794	-22,470	-37,174	-48,698	-17,189	-69,784	-22,261	-75,663	50	-55,044	-55,044	-63,828	-55,044	-7,520	-11,713	12	12	182	-18	-983	182	429	-2,942	22	22	45	143	100	-5,000	45	-5,900	100	100	-1	417	-2,100	2,500	840,600	32	16	16	8	64	64	64	-72	0	400	292,800	-72	0	0	0	0	0	0	0	0	0	200	100	0	300	0	0	0	0	0	0	0	0	0	0	0	100	0	100	700	1,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100	0	100	0	200	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	6,110	8,961	6,232	11,853	6,121	5,515	7,046	6,323	3,424	4,402	5,596	8,415	4,020	3,636	4,748	10,818	2,464	4,361	3,855	10,327	5,173	374	4,240	8,992	2,888	3,707	4,271	6,732	2,377	2,886	2,627	2,440	2,527	1,826	3,360	1,282	4,178	2,046	6,124	8,459	2,039	2,519	1,992	2,883	1,495	2,483	1,855	3,071	846	882	990	1,214	-149	1,453	297	545	153	152	159	304	-67	-62	21	-33	-51	62	23	-39	3,476	-19	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-200	100	17,700	0	0	0	0	0	-600	0	100	0	100	0	800	0	100	-700	0	0	0	0
Total Cash From Financing Activities	-25,858	-117,931	-152,672	1,172,753	-4,296	325,325	1,176,664	180,911	18,729	-69,232	-89,813	-81,044	-19,535	-159,475	-168,382	40,406	5,253	-49,225	-32,106	21,193	-17,640	-21,273	-54,827	46,158	-75,697	-20,801	-47,793	-10,561	-66,656	-61,945	-52,631	-2,636	-45,894	-29,069	-73,542	8,527	-94,228	-38,137	-35,409	1,443,343	1,470,544	-11,264	-8	-1,826	-247	-101	66	-31,110	-30,056	-20,239	-39,381	-47,771	657,114	-1,204	-1,247	-1,508	-1,252	-2,180	-1,234	-1,440	-2,937	-1,246	223	-1,121	-10,530	-9,063	-7,626	-11,837	-10,908	-5,321	49,179	-1,274	-1,365	-48	-1,252	-2,530	-1,808	-2,628	-14,445	6,355	-588	281	-1,119	-5,087	-3,844	-3,002	-4,442	-2,899	-7,353	-1,095	13,286	-1,015	-6,182	-5,451	-1,144	2,123	-8,000	-2,300	-21,400	-1,400	3,300	6,900	-8,200	-4,900	4,000	1,300	-12,500	-2,600	800	-1,300	-1,900	-11,800	500	100	2,700	-2,800	-5,300	700	-4,400	-5,000
Total Cash From Operating Activities	216,975	276,588	217,274	188,426	175,301	277,403	208,843	152,192	252,371	154,112	159,132	138,805	154,238	206,764	229,103	34,546	99,939	108,378	105,703	48,601	198,917	71,651	101,123	26,924	141,805	71,234	103,079	94,469	110,474	112,329	123,190	45,043	124,694	109,104	128,310	59,240	95,875	138,273	71,528	-30,504	42,016	39,525	69,698	59,482	51,061	55,616	89,289	53,571	66,698	55,662	37,804	80,700	33,374	21,546	11,808	14,782	29,602	17,302	24,905	7,377	25,336	24,708	14,165	27,741	26,273	13,452	11,827	14,155	13,493	8,212	2,219	4,908	7,778	11,299	-1,335	6,842	4,349	10,628	15,558	7,588	13,260	3,133	7,725	4,184	9,578	12,292	7,356	4,906	10,705	3,939	-10,811	1,779	5,845	8,773	3,239	-1,614	3,000	3,900	3,500	-9,600	7,400	-6,500	12,900	11,700	10,100	-1,100	16,800	1,300	10,900	14,200	10,200	11,100	8,600	4,100	15,500	6,000	13,200	1,300	13,500	4,600
Total Cashflows From Investing Activities	0	-1,506,634	-91,576	-1,256,789	-2,416,546	-2,222,758	-1,330,286	-294,497	-490,263	-89,830	-65,627	-64,258	-123,288	-61,477	-61,227	-64,636	-103,174	-72,107	-83,028	-79,765	-153,554	-78,150	-55,396	-55,315	-73,332	-70,547	-80,273	-59,901	-72,485	-56,730	-54,695	-59,281	-67,500	-63,030	-48,423	-50,716	-90,309	-49,299	-45,648	-2,138,538	-644,580	-153,821	-57,896	-39,128	-35,251	-40,083	-44,685	-33,813	-26,256	-19,317	-24,025	-14,085	-26,256	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,646,917	5,002,609	3,499,385	2,688,815	2,589,085	2,647,083	2,875,851	2,641,734	2,654,025	3,123,171	1,261,101	1,232,604	1,267,599	531,648	440,111	614,708	483,453	321,416	241,707	237,925	246,061	194,559	196,778	190,283	212,300	283,800	404,200	395,000	336,200	282,900
Depreciation And Amortization	502,015	437,758	318,805	386,430	298,685	321,192	302,100	289,908	269,904	269,517	98,787	85,371	78,909	31,908	25,226	24,433	23,214	20,686	16,388	15,224	15,133	16,426	26,634	31,181	31,500	32,400	33,700	27,600	22,600	19,900
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	556,013	1,029,068	884,470	430,936	475,821	261,854	160,024	218,981	217,520	255,083	196,950	230,839	313,034	93,311	70,939	108,332	81,217	23,921	15,230	30,870	23,326	18,956	5,619	-5,221	-12,300	-10,900	21,700	27,000	35,800	25,700
Ebitda	1,058,028	1,466,826	1,203,275	817,366	774,506	583,046	462,124	508,889	487,424	524,600	295,737	316,210	391,943	125,219	96,165	132,765	104,431	44,607	31,618	46,094	38,459	35,382	32,253	25,960	19,200	21,500	55,400	54,600	58,400	45,600
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	1,700	36,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	1,105,607	1,529,595	1,241,984	883,108	774,820	740,643	786,400	756,381	743,421	833,272	462,449	468,825	529,650	193,261	157,695	192,784	161,860	85,574	67,160	82,304	78,368	67,677	59,196	52,512	46,300	53,200	94,200	93,900	85,400	71,400
Income Before Tax	719,957	893,718	821,396	353,619	380,434	117,975	64,200	122,539	98,780	81,452	163,678	206,785	272,294	70,343	66,879	89,916	75,032	7,373	10,879	23,513	28,837	16,549	-11,845	-5,589	-25,700	-26,100	8,400	15,000	23,100	10,800
Income Tax Expense	59,568	146,626	164,106	53,289	59,467	12,031	-69,154	15,315	13,501	13,141	54,711	76,015	102,876	26,100	25,089	35,354	29,499	2,266	3,184	9,245	10,646	7,183	15,813	13,784	-10,000	-9,300	3,000	7,300	8,700	3,400
Interest Expense	259,223	125,566	62,077	72,686	78,674	86,429	88,926	94,187	105,530	135,416	38,108	24,054	37,163	8,737	3,105	3,018	5,045	7,184	0	0	2,400	6,400	14,200	14,000	14,000	12,500	13,700	13,000	0	0
Interest Income	0	131,741	58,523	71,783	79,557	93,410	95,559	25,662	37,025	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-12,663	-9,402	-6,376	3,511	8,367	4,448	4,886	4,911	6,748	4,096	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	647,726	737,690	650,914	296,819	312,600	101,496	128,468	102,313	78,531	64,215	108,967	130,770	169,418	44,243	41,790	54,562	45,533	5,107	7,741	13,892	18,191	8,963	-11,845	-19,189	-16,000	-32,100	5,400	7,700	14,400	7,400
Net Income Applicable To Common Shares	0	737,690	650,914	296,819	312,600	101,496	128,468	102,313	78,531	64,215	108,967	130,770	169,418	44,243	41,790	54,562	45,533	5,107	7,695	14,268	18,090	8,372	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	732,364	747,092	657,290	300,330	320,967	105,944	133,400	107,224	85,279	94,593	108,967	130,770	169,418	44,243	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-259,223	-125,566	-62,077	-72,686	-78,674	-86,429	-88,926	-94,187	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	-997	-4,631	-16,713	109,182	16,313	64,659	61,677	52,360	32,220	-902	-5,149	-3,433	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	2,174	38,167	0	14,965	0	401	8,299	24,667	23,271	0	0	10,798	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	556,013	1,029,068	884,470	430,936	475,821	95,222	136,813	152,067	142,644	164,508	169,566	231,741	314,606	82,513	70,939	92,676	80,647	19,239	16,133	30,571	27,264	20,957	3,968	-5,405	-12,000	-12,300	21,900	27,500	36,100	25,800
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	6,196,511	5,833,938	4,207,310	3,417,489	3,273,118	3,277,539	3,525,438	3,245,647	3,246,503	3,767,268	1,530,713	1,469,688	1,482,643	631,598	526,867	714,816	564,666	387,751	292,734	289,658	297,165	241,279	252,006	248,200	270,600	349,300	476,500	461,400	385,500	328,500
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	502,015	394,721	316,387	350,178	325,510	321,192	302,100	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	542,534	436,608	391,538	378,496	356,874	306,224	346,265	314,005	316,383	374,580	170,800	151,700	136,135	68,000	61,100	59,800	58,000	45,600	35,240	36,500	36,000	30,300	28,600	26,700	26,800	33,100	38,600	32,800	26,700	25,700
Tax Provision	59,568	146,626	164,106	53,289	59,467	12,031	-69,154	15,315	13,501	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	549,594	831,329	707,925	728,674	684,033	630,456	649,587	603,913	592,478	644,097	269,612	237,084	215,044	99,950	86,756	100,108	81,213	66,335	51,027	51,733	51,104	46,720	55,228	57,917	58,300	65,500	72,300	66,400	49,300	45,600
Total Other Income Expense Net	163,944	-135,350	-63,074	-77,317	-95,387	94,217	16,313	64,258	53,367	27,693	8,949	-902	-5,149	-14,231	-955	-15,656	-570	-4,682	903	-299	3,938	2,001	-1,651	-184	300	-1,400	200	500	300	100
Total Revenue	6,752,524	6,532,204	4,741,369	3,571,923	3,363,905	3,387,726	3,662,251	3,398,115	3,397,446	3,956,443	1,723,550	1,701,429	1,797,249	724,909	597,806	807,492	645,313	406,990	308,867	320,229	324,429	262,236	255,974	242,795	258,600	337,000	498,400	488,900	421,600	354,300

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31
Cost Of Revenue	1,315,868	1,365,091	1,483,429	1,484,297	1,379,288	1,371,237	1,231,507	1,020,577	988,924	859,604	878,073	772,784	771,192	638,368	632,347	646,908	640,533	652,923	644,716	646,663	667,882	648,101	653,001	678,099	745,831	744,028	700,764	689,627	694,559	671,167	677,115	598,893	629,907	671,321	668,276	684,521	794,298	725,170	747,966	755,453	318,404	310,089	309,922	322,686	314,088	327,909	314,138	276,469	314,306	326,674	325,228	301,391	161,735	125,650	123,853	120,410	109,942	113,273	113,353	103,543	129,369	177,745	161,298	146,296	127,395	130,889	121,925	103,244	99,143	92,761	68,831	60,681	59,693	63,204	62,701	56,109	54,431	57,966	67,309	58,219	72,139	62,839	60,033	51,050	51,830	54,272	46,277	46,395	50,534	51,242	46,690	48,312	45,844	46,065	49,014	49,360	55,300	52,100	47,100	57,700	36,800	77,100	82,400	87,400	104,300	94,300	103,300	102,400	114,500	101,900	91,100	87,500	92,400	76,900	83,600	83,400	81,200	69,600	68,400	63,700
Depreciation And Amortization	137,929	125,994	122,086	116,006	140,708	105,859	107,943	83,248	80,805	77,826	79,222	78,534	96,467	85,730	83,310	84,671	86,453	80,407	79,486	79,164	85,277	78,842	78,454	78,619	80,794	77,202	72,990	71,114	77,468	70,653	69,531	72,256	69,934	67,327	66,245	66,398	69,039	67,311	67,498	65,669	31,713	23,131	22,076	21,867	22,413	20,524	21,674	20,760	21,220	18,953	19,055	19,681	10,055	7,623	7,206	7,024	7,039	6,027	6,223	5,937	6,997	5,799	5,845	5,792	6,028	5,647	5,795	5,744	5,822	5,682	5,049	4,133	4,998	3,812	3,807	3,771	3,919	3,559	3,971	3,775	4,175	3,678	3,623	3,657	4,155	3,644	4,235	4,392	7,276	6,056	6,488	6,814	10,843	6,824	6,809	6,705	7,800	7,900	8,000	7,800	4,900	9,100	9,300	9,100	9,200	8,300	8,200	8,000	8,000	7,000	6,500	6,100	6,000	5,700	5,600	5,300	5,200	5,100	4,800	4,800
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	0	0	0	0
Ebit	148,099	113,418	125,726	164,472	249,226	268,331	278,612	232,899	212,482	205,956	268,772	199,678	113,217	126,571	105,522	121,878	295,552	53,911	58,261	45,522	69,786	12,608	53,068	126,392	46,671	39,566	42,627	31,160	69,945	51,659	66,016	31,361	110,149	29,071	43,473	34,827	101,843	53,114	80,803	19,323	30,586	58,663	48,422	58,448	50,416	65,175	63,582	52,274	58,109	73,550	91,061	88,133	35,496	19,318	18,914	19,583	16,504	25,396	20,276	8,763	-3,485	37,215	39,602	35,000	25,118	21,115	17,512	17,472	11,735	4,224	6,294	1,668	3,724	3,989	4,944	2,573	3,289	9,476	12,788	5,317	6,255	5,776	6,454	4,841	6,103	7,917	2,502	3,000	3,474	1,447	-230	928	-2,613	-1,476	-1,131	-17	-6,400	-1,100	-2,400	-2,200	-4,100	-6,900	-700	700	5,500	2,400	9,700	4,100	-6,200	14,900	9,200	8,500	7,500	6,400	10,100	12,000	6,900	7,900	5,500	5,400
Ebitda	286,028	239,412	247,812	280,478	389,934	374,190	386,555	316,147	293,287	283,782	347,994	278,212	209,684	212,301	188,832	206,549	382,005	134,318	137,747	124,686	155,063	91,450	131,522	205,011	127,465	116,768	115,617	102,274	147,413	122,312	135,547	103,617	180,083	96,398	109,718	101,225	170,882	120,425	148,301	84,992	62,299	81,794	70,498	80,315	72,829	85,699	85,256	73,034	79,329	92,503	110,116	107,814	45,551	26,941	26,120	26,607	23,543	31,423	26,499	14,700	3,512	43,014	45,447	40,792	31,146	26,762	23,307	23,216	17,557	9,906	11,343	5,801	8,722	7,801	8,751	6,344	7,208	13,035	16,759	9,092	10,430	9,454	10,077	8,498	10,258	11,561	6,737	7,392	10,750	7,503	6,258	7,742	8,230	5,348	5,678	6,688	1,400	6,800	5,600	5,600	800	2,200	8,600	9,800	14,700	10,700	17,900	12,100	1,800	21,900	15,700	14,600	13,500	12,100	15,700	17,300	12,100	13,000	10,300	10,200
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	284,817	250,019	265,150	301,323	388,795	376,362	418,681	345,757	321,144	326,312	320,596	273,932	248,647	212,201	216,326	205,934	218,895	189,126	182,608	188,441	185,248	164,475	193,645	197,275	206,718	193,653	195,584	190,445	192,718	182,689	200,226	180,748	179,768	182,441	191,039	190,173	205,905	230,630	258,993	175,982	110,345	115,697	113,671	122,736	110,827	124,823	122,536	110,639	116,560	129,201	145,382	138,507	65,497	43,035	42,357	42,372	39,630	46,663	41,945	29,457	19,082	58,482	59,560	55,660	48,050	40,942	37,500	35,368	28,987	22,468	18,400	15,719	17,215	16,128	18,573	15,244	16,391	22,208	24,200	19,505	24,380	17,884	18,503	17,601	18,516	18,661	15,767	15,286	18,147	13,803	11,924	15,322	14,948	11,564	12,543	13,458	11,900	11,300	11,100	12,100	3,600	12,100	16,900	20,700	25,000	20,200	25,500	23,400	23,200	25,300	23,200	22,200	21,500	18,600	22,100	23,200	20,000	19,100	16,500	15,700
Income Before Tax	94,502	112,717	295,909	216,829	197,226	227,516	252,162	216,814	195,379	190,843	253,048	182,126	56,370	106,417	86,441	104,391	279,013	37,687	38,820	24,914	50,183	-6,540	-27,455	101,787	21,934	14,980	18,070	9,216	47,893	28,146	41,974	4,526	84,737	502	9,602	3,939	73,580	27,090	50,078	-69,296	23,078	45,024	42,753	52,823	44,908	59,307	57,829	44,741	50,328	66,141	82,486	73,339	16,923	17,704	17,577	18,139	14,918	24,819	19,274	7,868	-20,361	36,695	39,093	34,489	24,330	19,739	15,982	14,981	9,293	2,478	-4,986	588	2,298	2,887	4,305	1,389	1,940	7,706	7,520	6,347	13,413	4,780	5,129	5,515	7,145	6,149	2,607	583	-1,456	-3,519	-5,721	-1,149	-3,085	-1,624	-1,269	405	-3,400	-8,700	-7,100	-6,600	-9,200	-10,400	-4,300	-2,200	2,200	-700	6,200	700	2,400	3,100	6,100	6,300	4,900	3,200	6,700	8,400	3,000	4,000	2,200	1,600
Income Tax Expense	7,246	-15,364	40,712	26,974	37,995	35,215	47,333	26,083	37,782	42,637	54,979	28,708	10,231	4,812	19,946	18,300	35,567	10,850	7,776	5,274	8,039	-1,403	1,683	3,712	-85,010	6,296	7,742	1,818	6,213	-744	7,983	1,863	-1,138	7,859	4,665	2,115	4,792	11,136	15,503	-18,290	585	17,373	16,335	20,418	16,106	22,135	21,604	16,170	20,831	25,009	30,259	26,777	6,911	6,322	6,206	6,661	5,710	8,746	7,575	3,058	-6,389	13,701	15,014	13,028	9,959	7,639	6,500	5,401	3,204	677	-1,837	222	182	966	1,563	473	655	3,124	3,054	2,412	4,549	2,052	1,949	2,096	3,450	2,340	1,358	3,151	4,321	4,461	4,379	2,652	3,499	3,619	3,445	3,220	-1,500	-3,500	-2,600	-2,400	-3,300	-3,500	-1,700	-800	500	-200	2,400	300	1,000	1,300	2,500	2,400	2,000	1,100	2,300	3,400	1,000	1,200	700	500
Interest Expense	68,453	70,278	70,193	50,299	46,139	39,816	24,008	15,603	14,972	15,409	15,268	16,428	16,883	18,793	17,920	19,090	18,586	19,359	20,853	19,876	20,209	20,080	23,016	23,124	22,269	22,531	22,446	21,680	22,439	23,867	23,980	23,901	23,308	24,828	34,285	23,109	24,633	25,355	26,571	58,857	21,501	5,313	5,669	5,625	5,508	5,868	5,753	6,925	7,781	7,409	7,745	14,228	6,081	857	889	910	949	714	784	658	684	714	775	845	920	1,166	1,326	1,860	1,860	2,022	1,760	1,542	1,350	1,534	1,589	1,600	1,500	1,664	3,560	1,760	700	700	400	500	400	700	1,400	3,900	3,700	4,000	3,267	3,227	3,500	3,545	3,500	3,400	3,800	3,500	4,400	3,800	3,600	3,000	2,900	2,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	67,899	65,854	45,175	52,242	38,008	26,148	15,343	14,318	13,967	14,012	16,226	17,738	19,126	18,362	16,557	17,728	19,558	21,159	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-2,740	-3,055	2,814	4,054	-2,671	1,220	2,833	2,678	-1,843	1,394	65,234	1,652	5,628	-480	-1,056	-581	15,897	-1,116	-4,786	-1,628	6,630	-900	-1,282	73,878	8,557	-923	-1,179	-1,569	8,683	-196	-1,992	-1,584	12,050	-1,730	-1,857	-1,715	-1,155	1,636	1,818	1,797	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	84,516	125,026	252,383	185,801	156,560	191,081	201,996	188,053	155,754	146,812	196,582	151,766	44,745	101,125	65,439	85,510	242,609	25,721	26,258	18,012	40,648	-6,037	-30,420	97,305	105,729	7,761	9,149	5,829	40,541	28,694	31,999	1,079	84,429	-9,087	3,080	109	69,943	14,318	32,757	-52,803	22,493	27,651	26,418	32,405	28,802	37,172	36,225	28,571	29,497	41,132	52,227	46,562	10,012	11,382	11,371	11,478	9,208	16,073	11,699	4,810	-13,972	22,994	24,079	21,461	14,371	12,100	9,482	9,580	6,089	1,801	-3,149	366	2,081	1,990	2,748	922	909	4,582	4,466	3,935	8,864	2,728	3,180	3,419	3,678	3,453	1,249	583	-1,456	-3,519	-5,721	-1,149	-6,348	-5,169	-4,645	-3,026	-1,900	-5,200	-4,500	-4,500	-21,200	-6,900	-2,600	-1,400	1,700	-500	3,800	400	1,400	-1,300	3,600	3,900	2,900	2,100	4,400	5,000	2,000	2,800	1,500	1,100
Net Income Applicable To Common Shares	0	125,026	252,383	185,801	156,560	191,081	201,996	188,053	155,754	146,812	196,582	151,766	44,745	101,125	65,439	85,510	242,609	25,721	26,258	18,012	137,953	-6,037	-30,420	97,305	105,729	7,761	9,149	5,829	40,541	28,694	31,999	1,079	84,429	-9,087	3,080	109	69,943	14,318	32,757	-52,803	22,493	27,651	26,418	32,405	28,802	37,172	36,225	28,571	29,497	41,132	52,227	46,562	29,497	11,382	11,371	11,478	9,208	16,073	11,699	4,810	31,568	22,994	24,079	21,461	14,371	12,100	9,482	9,580	6,089	1,801	-366	366	2,116	1,921	2,742	916	1,338	4,569	4,447	3,914	9,460	2,728	2,838	3,064	3,331	3,412	1,092	537	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	87,256	128,081	255,197	189,855	159,231	192,301	204,829	190,731	157,597	148,206	198,069	153,418	46,139	101,605	66,495	86,091	243,446	26,837	31,044	19,640	140,219	-5,137	-29,138	98,075	106,990	8,684	10,328	7,398	41,680	28,890	33,991	2,663	85,875	-7,357	4,937	1,824	95,070	15,954	34,575	-51,006	22,493	27,651	26,418	32,405	28,802	37,172	36,225	28,571	29,497	41,132	52,227	46,562	29,497	11,382	11,371	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-68,453	-70,278	-70,193	-50,299	-46,139	-39,816	-24,008	-15,603	-14,972	-15,409	-15,268	-16,428	-16,883	-18,793	-17,920	-19,090	-18,586	-19,359	-20,853	-19,876	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,418	11,283	0	-999	-2,442	-482	-687	589	58	-957	-1,111	-2,245	-1,927	652	-58,058	-2,813	23,642	20,516	139,935	-4,646	-26,107	0	9,177	4,201	3,453	-518	34,952	16,485	11,487	1,735	75,337	-13,478	4,595	-4,777	85,122	2,520	-25,407	-9,875	36,034	-3,268	-418	-128	929	-601	-386	-844	-1,368	-1,211	-2,004	-566	-1,368	-757	-448	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,602	11,546	0	4,503	13,915	3,773	1,396	0	0	778	38,167	0	0	0	0	0	0	0	0	0	14,965	0	0	0	0	0	-382	1,706	70	331	492	1,280	1,208	5,319	2,363	2,191	4,165	15,948	14,945	8,326	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	148,099	113,418	125,726	164,472	249,226	268,331	278,612	232,899	211,038	205,663	268,258	199,511	74,364	127,455	106,288	122,829	293,287	59,859	36,031	24,274	23,614	18,186	21,668	31,754	35,026	33,310	37,063	31,414	35,380	35,528	54,467	26,692	32,719	38,808	39,292	31,825	39,662	49,925	75,485	-564	18,536	41,652	50,802	58,576	49,487	65,776	63,968	52,510	59,477	74,761	92,235	88,133	24,698	19,318	18,914	19,583	16,504	25,396	20,276	8,763	-19,538	37,312	39,735	35,167	25,184	21,010	17,410	17,043	11,444	4,362	1,534	1,899	3,736	4,205	5,419	2,773	3,382	9,423	11,054	6,712	10,203	5,636	6,001	5,424	6,843	7,082	3,247	3,734	2,865	942	-1,342	1,503	-2,849	-1,550	-1,200	194	-3,200	-3,200	-2,800	-2,600	-4,800	-7,200	-1,100	800	5,500	2,300	9,800	4,200	200	9,000	9,200	8,900	7,900	6,400	10,100	11,900	6,900	7,800	5,700	5,300
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	1,452,586	1,501,692	1,622,853	1,621,148	1,618,392	1,581,295	1,432,396	1,201,855	1,167,462	1,034,705	1,056,427	948,716	969,776	814,091	805,850	827,772	835,940	816,879	805,219	810,830	829,516	794,390	810,013	843,620	917,523	904,371	859,285	848,658	851,897	818,328	822,804	752,618	776,464	813,674	818,815	837,550	958,178	903,684	927,309	916,051	396,099	375,808	372,791	386,846	375,428	386,956	372,706	334,598	371,389	381,114	378,375	351,765	191,736	149,367	147,296	143,199	133,068	134,540	135,022	124,237	167,989	198,915	181,123	166,789	150,261	150,821	142,015	121,569	116,686	110,867	85,697	74,501	73,172	75,127	75,855	68,580	67,440	70,751	80,455	71,012	86,316	75,087	72,535	63,227	63,503	65,851	58,797	57,947	65,816	64,103	59,956	62,131	63,641	59,179	62,757	62,624	70,400	66,600	61,000	72,400	45,200	96,400	100,400	107,300	123,800	112,200	119,000	121,600	137,500	118,200	105,100	100,800	106,000	89,100	95,600	94,700	94,300	80,900	79,200	74,100
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	137,929	125,994	122,086	116,006	117,384	104,978	93,113	79,246	80,805	77,826	79,222	78,534	96,467	85,730	83,310	84,671	86,453	80,407	79,486	79,164	85,277	78,842	78,454	78,619	80,794	77,202	72,990	71,114	77,468	70,653	69,531	72,256	69,934	67,327	66,245	66,398	69,039	67,311	67,498	65,669	31,713	23,131	22,076	21,867	22,413	20,524	21,674	20,760	21,220	18,953	19,055	19,681	10,055	7,623	7,206	7,024	7,039	6,027	6,223	5,937	6,997	5,799	5,845	5,792	6,028	5,647	5,795	5,744	5,822	5,682	5,049	4,133	4,998	3,812	3,807	3,771	3,919	3,559	3,971	3,775	4,175	3,678	3,623	3,657	4,155	3,644	4,235	4,392	7,276	6,056	6,488	6,814	10,843	6,824	6,809	6,705	7,800	7,900	8,000	7,800	4,900	9,100	9,300	9,100	9,200	8,300	8,200	8,000	8,000	7,000	6,500	6,100	6,000	5,700	5,600	5,300	5,200	5,100	4,800	4,800
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	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	132,620	137,697	129,252	135,466	121,720	105,080	107,776	102,032	97,733	97,275	99,132	97,398	378,496	89,993	89,013	90,469	109,742	81,634	81,368	85,003	76,671	67,088	78,558	86,902	89,900	83,141	84,500	86,900	79,870	76,500	76,200	81,500	70,400	75,000	84,300	86,600	46,100	95,100	94,600	90,000	46,000	42,600	40,800	42,300	38,900	38,500	36,894	37,369	35,863	35,500	34,100	30,700	20,100	16,100	16,200	15,800	15,700	15,200	15,400	14,800	15,700	15,400	14,000	14,700	16,800	14,300	14,295	12,581	11,700	12,424	11,800	9,700	9,082	8,100	9,300	8,700	9,200	9,200	9,100	9,000	9,800	8,600	8,900	8,500	7,500	7,300	8,300	7,200	7,900	6,700	6,778	7,005	7,000	6,290	6,900	6,600	7,300	6,600	5,900	6,900	8,600	8,400	7,200	8,800	10,300	9,600	7,500	11,200	8,900	9,300	7,500	7,200	0	6,500	6,500	6,000	0	6,200	6,000	5,600
Tax Provision	7,246	-15,364	40,712	26,974	37,995	35,215	47,333	26,083	37,782	42,637	54,979	28,708	10,231	4,812	19,946	18,300	35,567	10,850	7,776	5,274	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	136,718	136,601	139,424	136,851	239,104	210,058	200,889	181,278	178,538	175,101	178,354	175,932	198,584	175,723	173,503	180,864	195,407	163,956	160,503	164,167	161,634	146,289	157,012	165,521	171,692	160,343	158,521	159,031	157,338	147,161	145,689	153,725	146,557	142,353	150,539	153,029	163,880	178,514	179,343	160,598	77,695	65,719	62,869	64,160	61,340	59,047	58,568	58,129	57,083	54,440	53,147	50,374	30,001	23,717	23,443	22,789	23,126	21,267	21,669	20,694	38,620	21,170	19,825	20,493	22,866	19,932	20,090	18,325	17,543	18,106	16,866	13,820	13,479	11,923	13,154	12,471	13,009	12,785	13,146	12,793	14,177	12,248	12,502	12,177	11,673	11,579	12,520	11,552	15,282	12,861	13,266	13,819	17,797	13,114	13,743	13,264	15,100	14,500	13,900	14,700	8,400	19,300	18,000	19,900	19,500	17,900	15,700	19,200	23,000	16,300	14,000	13,300	13,600	12,200	12,000	11,300	13,100	11,300	10,800	10,400
Total Other Income Expense Net	-53,597	-701	170,183	52,357	-52,000	-40,815	-26,450	-16,085	67,745	55,041	126,074	100,554	23,190	88,732	61,538	98,411	274,111	31,876	37,568	20,516	46,778	-4,646	-41,072	93,157	9,177	4,201	3,453	-518	34,952	16,485	11,417	1,404	74,834	-14,758	3,387	-10,096	56,188	329	-3,001	-25,823	11,929	359	-2,380	-128	929	-601	-386	-844	-3,805	-170	-2,004	-566	-12,492	-757	-448	-534	-637	137	-218	-237	-16,053	97	133	167	66	-105	-102	-429	-291	138	-4,760	231	12	216	475	200	93	-53	-1,734	1,395	3,948	-140	-453	583	740	-233	745	734	-609	-505	-1,112	575	-236	-74	-69	211	3,200	-2,100	-400	-400	-700	-200	-400	100	-3,300	-100	100	100	6,400	-5,900	-3,100	400	400	-3,200	-3,400	-100	-3,900	-100	200	-100
Total Revenue	1,600,685	1,615,110	1,748,579	1,785,620	1,768,083	1,747,599	1,650,188	1,366,334	1,310,068	1,185,916	1,198,669	1,046,716	1,019,839	850,569	848,673	852,842	859,428	842,049	827,324	835,104	853,130	812,576	846,646	875,374	952,549	937,681	896,348	880,072	887,277	853,856	877,341	779,641	809,675	853,762	859,315	874,694	1,000,203	955,800	1,006,959	931,435	428,749	425,786	423,593	445,422	424,915	452,732	436,674	387,108	430,866	455,875	470,610	439,898	227,232	168,685	166,210	162,782	149,572	159,936	155,298	133,000	148,451	236,227	220,858	201,956	175,445	171,831	159,425	138,612	128,130	115,229	87,231	76,400	76,908	79,332	81,274	71,353	70,822	80,174	91,509	77,724	96,519	80,723	78,536	68,651	70,346	72,933	62,044	61,681	68,681	65,045	58,614	63,634	60,792	57,629	61,557	62,818	67,200	63,400	58,200	69,800	40,400	89,200	99,300	108,100	129,300	114,500	128,800	125,800	137,700	127,200	114,300	109,700	113,900	95,500	105,700	106,600	101,200	88,700	84,900	79,400

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

Gross Profit (+$)
totalRevenue	6,752,524
Cost of Revenue	-5,646,917
Gross Profit	1,105,607	1,105,607

Operating Income (+$)
Gross Profit	1,105,607
Operating Expense	-549,594
Operating Income	556,013	556,013

Operating Expense (+$)
Research Development	0
Selling General Administrative	542,534
Selling And Marketing Expenses	0
Operating Expense	549,594	542,534

Net Interest Income (+$)
Interest Income	0
Interest Expense	-259,223
Other Finance Cost	-0
Net Interest Income	-259,223

Pretax Income (+$)
Operating Income	556,013
Net Interest Income	-259,223
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	719,957	392,069 EBIT - interestExpense = 296,790 707,294 906,949
Interest Expense	259,223
Earnings Before Interest and Taxes (EBIT)	556,013	979,180
Earnings Before Interest and Taxes (EBITDA)	1,058,028

After tax Income (+$)
Income Before Tax	719,957
Tax Provision	-59,568
Net Income From Continuing Ops	732,364	660,389
Net Income	647,726
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	6,196,511
Total Other Income/Expenses Net	163,944	259,223

Technical Analysis of Darling Ingredients Inc
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 Darling Ingredients Inc. The general trend of Darling Ingredients Inc is BEARISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Darling Ingredients Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (-14.3%)		Bearish trend (14.3%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

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

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

Score

Let's take a look at the Support & Resistance of Darling Ingredients Inc.

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: 43.24 < 48.39 < 51.12.

The bearish price targets are: 40.67 > 40.35 > 40.04.

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Darling Ingredients Inc 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 Darling Ingredients Inc. The current mas is .

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

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Darling Ingredients Inc 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 Darling Ingredients Inc. The current macd is -0.31226677.

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

Darling Ingredients Inc 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 Darling Ingredients Inc. The current adx is 13.21.

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

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Darling Ingredients Inc shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Darling Ingredients Inc 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 Darling Ingredients Inc. The current sar is 40.73.

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

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Darling Ingredients Inc 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 Darling Ingredients Inc. The current rsi is 55.43. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
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.

Darling Ingredients Inc 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 Darling Ingredients Inc. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +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 Darling Ingredients Inc price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Darling Ingredients Inc 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 Darling Ingredients Inc. The current cci is -6.35134125.

Darling Ingredients Inc 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 Darling Ingredients Inc. The current cmo is 19.67.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Darling Ingredients Inc 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 Darling Ingredients Inc. The current willr is -40.8616188.

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

Darling Ingredients Inc 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 Darling Ingredients Inc.

Darling Ingredients Inc 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 Darling Ingredients Inc. The current atr is 1.63069573.

Darling Ingredients Inc 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 Darling Ingredients Inc. The current obv is -39,445,899.

Darling Ingredients Inc 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 Darling Ingredients Inc. The current mfi is 61.47.

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

MFI > 50: +1

Darling Ingredients Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Darling Ingredients Inc.

6.2. Trading Signals

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

Date	Indicator	Signal
2023-12-04	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-26	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-03	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-04	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-05	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	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).
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-17	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-22	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-23	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-01-24	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-29	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-02-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-12	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-15	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	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	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-27	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-28	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-01	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	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
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-05	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-07	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.
2024-03-13	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-15	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-26	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-03-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-28	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
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
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-03	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-04	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).
2024-04-05	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-08	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	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).
2024-04-09	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-10	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-11	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-15	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
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-16	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-25	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).

6.3. Candlestick Patterns

Darling Ingredients Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Darling Ingredients Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.429
Ma 20	Greater than	Ma 50	44.294
Ma 50	Greater than	Ma 100	43.875
Ma 100	Greater than	Ma 200	44.902
Open	Greater than	Close	42.170
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Quick analysis of Darling Ingredients Inc (30 sec.)

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

$45.26

$28.99

$5.33 - $24.22

$34.31 - $53.21

2. Growth of Darling Ingredients Inc (5 min.)

Is Darling Ingredients Inc growing?

How much money is Darling Ingredients Inc making?

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

3. Financial Health of Darling Ingredients Inc (5 min.)

4. Comparing to competitors in the Packaged Foods industry (5 min.)

Industry Rankings (Packaged Foods)

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

What can you expect buying and holding a share of Darling Ingredients Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Darling Ingredients Inc

About Darling Ingredients Inc

Financial Health

Valuation

1.1. Profitability of Darling Ingredients Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Packaged Foods)

1.1.2. Return on Assets

Trends

Compared to industry (Packaged Foods)

1.1.3. Return on Equity

Trends

Compared to industry (Packaged Foods)

1.2. Operating Efficiency of Darling Ingredients Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Packaged Foods)

1.2.2. Operating Ratio

Trends

Compared to industry (Packaged Foods)

1.3. Liquidity of Darling Ingredients Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Packaged Foods)

1.3.2. Quick Ratio

Trends

Compared to industry (Packaged Foods)

1.4. Solvency of Darling Ingredients Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Packaged Foods)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Packaged Foods)

2. Market Valuation of Darling Ingredients Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Packaged Foods)

Darling Ingredients Inc
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