Dolby Laboratories
Buy, Hold or Sell?

Let's analyse Dolby together

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

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

How much money do you get?

$1.09

When do you have the money?

1 year

How often do you get paid?

95.1%

What is your share worth?

Current worth

$24.65

Expected worth in 1 year

$25.67

How sure are you?

92.7%

+ What do you gain per year?

Total Gains per Share

$2.12

Return On Investment

2.6%

For what price can you sell your share?

Current Price per Share

$79.91

Expected price per share

$75.67 - $84.76

How sure are you?

50%

1. Valuation of Dolby (5 min.)

Live pricePrice per Share (EOD)

$79.91

Book Value per Share

$24.65

Intrinsic Value Per Share

$-11.47 - $13.55

Total Value Per Share

$13.18 - $38.20

My calculation of the intrinsic value of Dolby 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: ($0.57) 3Y: ($0.76) TTM: ($0.74)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.02) 3Y: ($-0.05) TTM: ($-0.12)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$1.72	$2.81	$1.47 - $2.75
2	$2.60	$5.25	$0.65 - $2.45
3	$2.72	$7.34	$-0.17 - $2.14
4	$2.17	$9.10	$-1.00 - $1.84
5	$1.02	$10.54	$-1.82 - $1.53
6	$-0.66	$11.67	$-2.64 - $1.23
7	$-2.80	$12.53	$-3.46 - $0.93
8	$-5.35	$13.12	$-4.29 - $0.62
9	$-8.26	$13.45	$-5.11 - $0.32
10	$-11.47	$13.55	$-5.93 - $0.01

2. Growth of Dolby (5 min.)

Is Dolby growing?

	Current year	Previous year	Grow	Grow %
How rich?	$2.3b	$2.4b	-$33.7m	-1.4%

How much money is Dolby making?

	Current year	Previous year	Grow	Grow %
Making money	$47m	$45.8m	$1.2m	2.6%
Net Profit Margin	13.8%	14.6%	-	-

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

Quarterly Yearly

3. Financial Health of Dolby (5 min.)

4. Comparing to competitors in the Specialty Business Services industry (5 min.)

Industry Rankings (Specialty Business Services)

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

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

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

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

Speculation

The Price per Share of Dolby is $79.91. 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 Dolby.
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 Dolby, 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 $24.65. Based on the TTM, the Book Value Change Per Share is $0.26 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.46 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 $0.27 per quarter.

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

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	0.70	0.9%	0.49	0.6%	0.46	0.6%	0.57	0.7%	0.51	0.6%
Usd Book Value Change Per Share	0.36	0.5%	0.26	0.3%	-0.46	-0.6%	0.13	0.2%	0.23	0.3%
Usd Dividend Per Share	0.30	0.4%	0.27	0.3%	0.25	0.3%	0.23	0.3%	0.17	0.2%
Usd Total Gains Per Share	0.66	0.8%	0.53	0.7%	-0.21	-0.3%	0.36	0.4%	0.41	0.5%
Usd Price Per Share	86.18	-	83.64	-	71.37	-	77.24	-	62.77	-
Price to Earnings Ratio	30.83	-	96.89	-	44.97	-	49.65	-	36.63	-
Price-to-Total Gains Ratio	131.03	-	294.47	-	108.60	-	332.66	-	248.18	-
Price to Book Ratio	3.50	-	3.43	-	2.97	-	3.21	-	2.90	-
Price-to-Total Gains Ratio	131.03	-	294.47	-	108.60	-	332.66	-	248.18	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	79.91
Number of shares	12

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.27	0.23
Usd Book Value Change Per Share	0.26	0.13
Usd Total Gains Per Share	0.53	0.36
Gains per Quarter (12 shares)	6.35	4.28
Gains per Year (12 shares)	25.39	17.12

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	13	12	15	11	6	7
2	26	25	40	22	12	24
3	39	37	65	33	18	41
4	52	49	90	44	24	58
5	66	61	115	55	30	75
6	79	74	140	67	36	92
7	92	86	165	78	42	109
8	105	98	190	89	48	126
9	118	110	215	100	54	143
10	131	123	240	111	60	160

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	1.0	0.0	97.6%	85.0	1.0	0.0	98.8%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	7.0	5.0	0.0	58.3%	13.0	7.0	0.0	65.0%	31.0	9.0	1.0	75.6%	65.0	17.0	4.0	75.6%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	39.0	0.0	2.0	95.1%	46.0	0.0	40.0	53.5%
Total Gains per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	18.0	2.0	0.0	90.0%	38.0	3.0	0.0	92.7%	73.0	10.0	3.0	84.9%

Fundamentals of Dolby

About Dolby Laboratories

https://www.dolby.com
Specialty Business Services
2246
1275 Market Street, San Francisco, CA, United States, 94103-1410
Google Maps Bing Maps

Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices. Its audio technologies also include DD, a digital audio coding technology that provides multichannel sound to applications; DD+, a digital audio coding technology that offers audio transmission for a range of media applications and devices; Dolby TrueHD, a digital audio coding technology providing encoding for media application; Dolby Vision, an imaging technology for cinema and media devices; and HEVC, a digital video codec with high bandwidth efficiency for media devices. In addition, the company offers digital cinema servers, cinema processors, amplifiers, loudspeakers, and audio and imaging hardware and software products for the cinema, television, broadcast, communication, and entertainment industries. Further, it provides 3-D glasses and kits; and various services to support theatrical and television production for cinema exhibition, broadcast, and home entertainment. The company serves film studios, content creators, post-production facilities, cinema operators, broadcasters, and video game designers. It sells its products directly to the end users, as well as through dealers and distributors worldwide. Dolby Laboratories, Inc. was founded in 1965 and is headquartered in San Francisco, California.

Fundamental data was last updated by Penke on 2024-04-13 11:48:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Dolby Laboratories.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Dolby to the Specialty Business Services industry mean.
A Net Profit Margin of 21.2% means that $0.21 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Dolby Laboratories:

The MRQ is 21.2%. The company is making a huge profit. +2
The TTM is 13.8%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	21.2%	TTM	13.8%	+7.4%
TTM	13.8%	YOY	14.6%	-0.7%
TTM	13.8%	5Y	17.9%	-4.1%
5Y	17.9%	10Y	17.8%	+0.1%

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	21.2%	2.3%	+18.9%
TTM	13.8%	2.8%	+11.0%
YOY	14.6%	3.4%	+11.2%
5Y	17.9%	2.0%	+15.9%
10Y	17.8%	2.9%	+14.9%

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

Revenue is the amount of profit Dolby 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 Dolby 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 Dolby to the Specialty Business Services industry mean.
Can be used to compare companies within the Specialty Business Services industry.

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

Why do investors use net profit margin in their analysis

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

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Dolby is 0.21. This means that Dolby earned $0.21 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 Specialty Business Services industry is 2.3%.
What is the trend?
The trend is important because it shows you how Dolby is performing over time. The most recent quarter might be important if Dolby 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 Dolby 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 Dolby with other companies in the same industry (Specialty Business Services).
Net profit margin should rise over the years.
Can be influenced when Dolby sells assets (profit will increase while costs remain the same).
It won’t show what part of Dolby 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 Dolby

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 Dolby = 66,981
Total revenue MRQ Dolby = 315,574
$66,981 / $315,574 = 0.21 or 21.2%

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 Dolby is using its assets to generate profit.

Above 5% is considered healthy but always compare Dolby to the Specialty Business Services industry mean.
2.3% Return on Assets means that Dolby generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Dolby Laboratories:

The MRQ is 2.3%. Using its assets, the company is less efficient in making profit.
The TTM is 1.6%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	2.3%	TTM	1.6%	+0.7%
TTM	1.6%	YOY	1.6%	+0.0%
TTM	1.6%	5Y	2.0%	-0.3%
5Y	2.0%	10Y	2.0%	-0.1%

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	2.3%	0.9%	+1.4%
TTM	1.6%	1.0%	+0.6%
YOY	1.6%	1.4%	+0.2%
5Y	2.0%	0.9%	+1.1%
10Y	2.0%	1.3%	+0.7%

Shows how efficient Dolby 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 Dolby to the Specialty Business Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Dolby is using its resources to generate profit. If the return on assets (2.3%) from Dolby are higher than the Specialty Business Services mean (0.9%) that means Dolby 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 Dolby is 2.3%. This means the company generated $0.02 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Specialty Business Services industry is 0.9%.
What is the trend?
The trend is important because it shows you how Dolby is performing over time. The most recent quarter might be important if Dolby 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 Dolby 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 Dolby

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

Income statement
Balance sheet

Net income MRQ (income statement) from Dolby = 66,981
Total assets MRQ (balance sheet) from Dolby = 2,935,529
66,981 / 2,935,529 = 0.02 or 2.3%

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

Above 15%-20% is considered healthy but always compare Dolby to the Specialty Business Services industry mean.
2.9% Return on Equity means Dolby generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Dolby Laboratories:

The MRQ is 2.9%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.0%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.9%	TTM	2.0%	+0.9%
TTM	2.0%	YOY	1.9%	+0.1%
TTM	2.0%	5Y	2.4%	-0.4%
5Y	2.4%	10Y	2.4%	0.0%

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	2.9%	1.9%	+1.0%
TTM	2.0%	2.6%	-0.6%
YOY	1.9%	3.9%	-2.0%
5Y	2.4%	2.1%	+0.3%
10Y	2.4%	3.0%	-0.6%

Shows how efficient Dolby 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 Dolby to the Specialty Business Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

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

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Dolby is 2.9%. This means Dolby generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Specialty Business Services industry is 1.9%.
What is the trend?
The trend is important because it shows you how Dolby is performing over time. The most recent quarter might be important if Dolby 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 Dolby up to 10 years back (depending if Dolby 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 Dolby

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Dolby = 66,981
Shareholders equity (balance sheet) MRQ Dolby = 2,345,848
66,981 / 2,345,848 = 0.03 or 2.9%

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 Dolby Laboratories.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Dolby is operating .

Measures how much profit Dolby 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 Dolby to the Specialty Business Services industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Dolby Laboratories:

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

Trends

Current period		Compared to		+/-
MRQ	-	TTM	14.0%	-14.0%
TTM	14.0%	YOY	15.4%	-1.4%
TTM	14.0%	5Y	19.0%	-5.0%
5Y	19.0%	10Y	22.1%	-3.1%

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	-	6.5%	-6.5%
TTM	14.0%	4.9%	+9.1%
YOY	15.4%	5.2%	+10.2%
5Y	19.0%	4.3%	+14.7%
10Y	22.1%	5.6%	+16.5%

Measures how efficient Dolby 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 Dolby to the Specialty Business Services industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Dolby 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 Dolby is 0.0%. This means that Dolby earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Specialty Business Services industry is 6.5%.
What is the trend?
The trend is important because it shows you how Dolby is performing over time. The most recent quarter might be important if Dolby 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 Dolby 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 Dolby

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Dolby = 72,312
Total revenue MRQ Dolby = 315,574
$72,312 / $315,574 = 0.00 or 0.0%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Dolby is keeping operating costs low.

Below 1 is considered healthy (always compare to Specialty Business Services industry mean).
An Operation Ratio of 0.87 means that the operating costs are $0.87 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Dolby Laboratories:

The MRQ is 0.872. The company is less efficient in keeping operating costs low.
The TTM is 0.845. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.872	TTM	0.845	+0.028
TTM	0.845	YOY	0.825	+0.020
TTM	0.845	5Y	0.799	+0.046
5Y	0.799	10Y	0.780	+0.019

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	0.872	1.073	-0.201
TTM	0.845	1.097	-0.252
YOY	0.825	1.014	-0.189
5Y	0.799	1.069	-0.270
10Y	0.780	1.043	-0.263

Measures how efficient Dolby 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 Dolby to the Specialty Business Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

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

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Dolby is 87.2%. This means that Dolby earned $0.87 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 Specialty Business Services industry is 1.07.
What is the trend?
The trend is important because it shows you how Dolby is performing over time. The most recent quarter might be important if Dolby 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 Dolby 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 Dolby

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
(32,060 +243,262) \ 315,574 = 0.87

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 Dolby Laboratories.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Specialty Business Services industry mean).
A Current Ratio of 3.68 means the company has $3.68 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Dolby Laboratories:

The MRQ is 3.683. The company is very able to pay all its short-term debts. +2
The TTM is 3.834. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	3.683	TTM	3.834	-0.152
TTM	3.834	YOY	5.103	-1.269
TTM	3.834	5Y	4.974	-1.140
5Y	4.974	10Y	4.766	+0.208

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	3.683	1.393	+2.290
TTM	3.834	1.393	+2.441
YOY	5.103	1.383	+3.720
5Y	4.974	1.416	+3.558
10Y	4.766	1.441	+3.325

Measures if Dolby 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 Specialty Business Services industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Dolby 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 Dolby is 3.68. This means Dolby has $3.68 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Specialty Business Services industry is 1.39.
What is the trend?
The trend is important because it shows you how Dolby is performing over time. The most recent quarter might be important if Dolby 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 Dolby 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 Dolby

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,451,355 \ 394,096) = 3.68

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

Above 1 is considered healthy but always compare Dolby to the Specialty Business Services industry mean.
A Quick Ratio of 1.10 means the company can pay off $1.10 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Dolby Laboratories:

The MRQ is 1.101. The company is just able to pay all its short-term debts with the most liquid assets.
The TTM is 3.209. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	1.101	TTM	3.209	-2.108
TTM	3.209	YOY	5.349	-2.140
TTM	3.209	5Y	4.946	-1.737
5Y	4.946	10Y	4.975	-0.029

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	1.101	0.877	+0.224
TTM	3.209	0.889	+2.320
YOY	5.349	0.934	+4.415
5Y	4.946	1.002	+3.944
10Y	4.975	1.030	+3.945

1.4. Solvency of Dolby Laboratories.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Dolby to Specialty Business Services industry mean.
A Debt to Asset Ratio of 0.20 means that Dolby assets are financed with 19.5% credit (debt) and the remaining percentage (100% - 19.5%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Dolby Laboratories:

The MRQ is 0.195. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.194. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.195	TTM	0.194	+0.001
TTM	0.194	YOY	0.159	+0.035
TTM	0.194	5Y	0.173	+0.021
5Y	0.173	10Y	0.160	+0.012

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	0.195	0.575	-0.380
TTM	0.194	0.569	-0.375
YOY	0.159	0.572	-0.413
5Y	0.173	0.564	-0.391
10Y	0.160	0.560	-0.400

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

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

How to use debt to asset ratio

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

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

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

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Dolby is 0.20. This means means that Dolby is financed with 19.5% 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 Specialty Business Services industry is 139.3%.
What is the trend?
The trend is important because it shows you how Dolby is performing over time. The most recent quarter might be important if Dolby 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 Dolby 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 Dolby has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Dolby

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

Balance sheet
Debt to asset ratio = total debt \ total assets
573,219 \ 2,935,529 = 19.5% or 0.20.

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

Below 2 is considered healthy but always compare Dolby to the Specialty Business Services industry mean.
A Debt to Equity ratio of 24.4% means that company has $0.24 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Dolby Laboratories:

The MRQ is 0.244. The company is very able to pay all its debts with equity. +2
The TTM is 0.243. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.244	TTM	0.243	+0.002
TTM	0.243	YOY	0.190	+0.053
TTM	0.243	5Y	0.210	+0.032
5Y	0.210	10Y	0.193	+0.018

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	0.244	1.208	-0.964
TTM	0.243	1.237	-0.994
YOY	0.190	1.300	-1.110
5Y	0.210	1.299	-1.089
10Y	0.193	1.310	-1.117

Measures if Dolby 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 Dolby 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 Dolby is 0.24. This means that Dolby can pay off $0.24 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Business Services industry is 1.21.
What is the trend?
The trend is important because it shows you how Dolby is performing over time. The most recent quarter might be important if Dolby 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 Dolby 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 Dolby

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
573,219 \ 2,345,848 = 0.24 or 24.4%

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 Dolby Laboratories

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 Dolby generates.

Above 15 is considered overpriced but always compare Dolby to the Specialty Business Services industry mean.
A PE ratio of 30.83 means the investor is paying $30.83 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Dolby Laboratories:

The EOD is 28.588. Based on the earnings, the company is overpriced. -1
The MRQ is 30.831. Based on the earnings, the company is overpriced. -1
The TTM is 96.893. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	28.588	MRQ	30.831	-2.243
MRQ	30.831	TTM	96.893	-66.061
TTM	96.893	YOY	44.970	+51.922
TTM	96.893	5Y	49.652	+47.241
5Y	49.652	10Y	36.630	+13.022

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
EOD	28.588	10.455	+18.133
MRQ	30.831	11.225	+19.606
TTM	96.893	10.636	+86.257
YOY	44.970	12.736	+32.234
5Y	49.652	14.758	+34.894
10Y	36.630	14.191	+22.439

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

Why do investors use PE ratio in their analysis

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

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

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

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Dolby is 30.83. This means the investor is paying $30.83 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Business Services industry is 11.23.
What is the trend?
The trend is important because it shows you how Dolby is performing over time. The most recent quarter might be important if Dolby 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 Dolby 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 Dolby

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 \ 95,851 = EPS
PE ratio MRQ = 30.83

* 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 Dolby Laboratories:

The EOD is 828.947. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is 893.989. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 239.632. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	828.947	MRQ	893.989	-65.042
MRQ	893.989	TTM	239.632	+654.357
TTM	239.632	YOY	31.175	+208.457
TTM	239.632	5Y	111.106	+128.525
5Y	111.106	10Y	54.833	+56.273

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
EOD	828.947	4.801	+824.146
MRQ	893.989	4.688	+889.301
TTM	239.632	3.423	+236.209
YOY	31.175	5.191	+25.984
5Y	111.106	3.589	+107.517
10Y	54.833	4.941	+49.892

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Specialty Business Services industry mean).
A PB ratio of 3.50 means the investor is paying $3.50 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Dolby Laboratories:

The EOD is 3.242. Based on the equity, the company is fair priced.
The MRQ is 3.497. Based on the equity, the company is fair priced.
The TTM is 3.428. Based on the equity, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	3.242	MRQ	3.497	-0.254
MRQ	3.497	TTM	3.428	+0.069
TTM	3.428	YOY	2.968	+0.460
TTM	3.428	5Y	3.208	+0.219
5Y	3.208	10Y	2.900	+0.308

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
EOD	3.242	1.705	+1.537
MRQ	3.497	1.917	+1.580
TTM	3.428	1.897	+1.531
YOY	2.968	1.938	+1.030
5Y	3.208	2.073	+1.135
10Y	2.900	2.136	+0.764

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Dolby Laboratories

Institutions are holding 96.544% of the shares of Dolby Laboratories.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	6.6906	0.012	6394750	5666	0.0887
2023-12-31	BlackRock Inc	6.0659	0.0127	5797685	21318	0.3691
2023-12-31	Kayne Anderson Rudnick Investment Management LLC	5.6718	1.1689	5421020	174898	3.3339
2023-12-31	Morgan Stanley - Brokerage Accounts	5.1158	0.0371	4889597	-12698	-0.259
2023-12-31	Ninety One UK Limited	2.6913	0.6596	2572346	578239	28.9974
2023-12-31	ClearBridge Advisors, LLC	2.5307	0.1793	2418794	-111841	-4.4195
2023-12-31	Bank of New York Mellon Corp	2.187	0.0365	2090286	206198	10.9442
2023-12-31	State Street Corporation	1.9375	0.0078	1851884	69748	3.9137
2023-12-31	Disciplined Growth Investors Inc	1.4348	2.5802	1371321	-13550	-0.9784
2023-12-31	Mackenzie Investments	1.3328	0.1656	1273854	-203751	-13.7893
2023-12-31	Geode Capital Management, LLC	1.2764	0.011	1219959	23810	1.9906
2023-12-31	Wells Fargo & Co	1.269	0.0273	1212917	-8125	-0.6654
2023-12-31	Charles Schwab Investment Management Inc	0.7127	0.0149	681152	10389	1.5488
2023-12-31	Acadian Asset Management LLC	0.7076	0.226	676317	-354780	-34.408
2023-12-31	Schroder Investment Management Group	0.6797	0.0726	649679	-57306	-8.1057
2023-12-31	ING Investment Management LLC	0.6482	0.0638	619577	-123392	-16.608
2023-12-31	Fiera Capital Corporation	0.6099	0.1542	582962	4680	0.8093
2023-12-31	Dimensional Fund Advisors, Inc.	0.5909	0.0142	564762	-14606	-2.521
2023-12-31	Bank of America Corp	0.5658	0.0047	540741	5990	1.1201
2023-12-31	Northern Trust Corp	0.5397	0.0081	515855	-18599	-3.48
Total		43.2581	5.4565	41345458	+182288	+0.4%

3.2. Funds holding Dolby Laboratories

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Eaton Vance Atlanta Capital SMID-Cap I	3.7118	2.1925	3547659	249951	7.5795
2024-02-29	Vanguard Total Stock Mkt Idx Inv	1.954	0.0098	1867654	-4028	-0.2152
2024-03-28	iShares Core S&P Mid-Cap ETF	1.9353	0.1822	1849778	-2424	-0.1309
2024-02-29	Vanguard Small Cap Index	1.5961	0.0879	1525552	14046	0.9293
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	0.9232	0.07	882421	3982	0.4533
2024-02-29	Vanguard Small Cap Growth Index Inv	0.8968	0.1989	857109	14418	1.7109
2023-12-31	ClearBridge Aggressive Growth A	0.7979	1.4676	762623	0	0
2024-02-29	ClearBridge Aggressive Growth	0.7979	1.3686	762623	0	0
2023-12-31	Virtus KAR Mid-Cap Core I	0.729	2.6141	696727	66202	10.4995
2024-03-31	First Trust Value Line® Dividend ETF	0.7212	0.5648	689346	0	0
2024-02-29	Vanguard Information Technology ETF	0.6545	0.0665	625540	45653	7.8727
2023-12-31	Virtus KAR Small-Mid Cap Core R6	0.6076	3.0298	580694	62835	12.1336
2024-02-29	BNY Mellon Dynamic Value Fund A	0.5393	0.8668	515443	84469	19.5996
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.4977	0.1832	475666	1788	0.3773
2024-01-31	Canada Life US Small-Mid Cap Growth A	0.4652	1.6792	444594	-174400	-28.1747
2024-02-29	Ninety One American Franchise A Acc£	0.3775	3.6158	360782	50335	16.2137
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.3766	0.0698	359942	7900	2.2441
2024-02-29	Fidelity Extended Market Index	0.3527	0.0712	337094	4778	1.4378
2023-12-31	Voya Large Cap Core Value SMA	0.3496	1.4366	334163	-12932	-3.7258
2023-12-31	Voya Large Cap Core Value	0.3496	1.4366	334163	-12932	-3.7258
Total		18.6335	21.2119	17809573	+399641	+2.2%

3.3. Insider Transactions

Insiders are holding 1.487% of the shares of Dolby Laboratories.

Date	Owner	Type	Amount	Price
2024-02-09	John D Couling	SELL	33560	80.81
2024-01-17	Kevin J Yeaman	SELL	9030	83.51
2023-12-18	Mark Andrew Sherman	SELL	8856	86.19
2023-12-12	Kevin J Yeaman	SELL	18060	89.17
2023-11-21	Kevin J Yeaman	SELL	45150	84.8
2023-10-17	Kevin J Yeaman	SELL	9030	82.32
2023-09-12	Kevin J Yeaman	SELL	18060	82.62
2023-08-31	Todd Pendleton	SELL	6889	84.41
2023-07-13	Kevin J Yeaman	SELL	27090	90
2023-07-12	Mark Andrew Sherman	SELL	21000	89
2023-07-11	Kevin J Yeaman	SELL	18060	87.83
2023-06-13	Kevin J Yeaman	SELL	27090	84.83
2023-05-16	Kevin J Yeaman	SELL	9030	83.65
2023-05-15	John D Couling	SELL	278	83.87
2023-05-08	Emily Rollins	SELL	1000	84.7
2023-05-08	Mark Andrew Sherman	SELL	15000	83.59

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Dolby Laboratories compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.360	0.256	+41%	-0.459	+227%	0.126	+186%	0.235	+53%
Book Value Per Share	-	-	24.646	24.398	+1%	24.022	+3%	23.973	+3%	21.258	+16%
Current Ratio	-	-	3.683	3.834	-4%	5.103	-28%	4.974	-26%	4.766	-23%
Debt To Asset Ratio	-	-	0.195	0.194	+1%	0.159	+23%	0.173	+13%	0.160	+22%
Debt To Equity Ratio	-	-	0.244	0.243	+1%	0.190	+29%	0.210	+16%	0.193	+27%
Dividend Per Share	-	-	0.298	0.273	+9%	0.252	+18%	0.231	+29%	0.173	+72%
Eps	-	-	0.699	0.486	+44%	0.462	+51%	0.565	+24%	0.513	+36%
Free Cash Flow Per Share	-	-	0.024	0.744	-97%	0.752	-97%	0.715	-97%	0.574	-96%
Free Cash Flow To Equity Per Share	-	-	-1.281	0.041	-3236%	-0.820	-36%	-0.116	-91%	0.015	-8505%
Gross Profit Margin	-	-	1.000	-3.028	+403%	-1.195	+219%	-1.184	+218%	-0.775	+177%
Intrinsic Value_10Y_max	-	-	13.549	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-11.467	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	2.813	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	1.723	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	7.343	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	2.720	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	10.536	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	1.017	-	-	-	-	-	-	-	-
Market Cap	4754093621.000	-74%	8260460207.920	8117245691.980	+2%	7138912627.500	+16%	7846331889.896	+5%	6444659648.486	+28%
Net Profit Margin	-	-	0.212	0.138	+53%	0.146	+46%	0.179	+19%	0.178	+19%
Operating Margin	-	-	-	0.140	-100%	0.154	-100%	0.190	-100%	0.221	-100%
Operating Ratio	-	-	0.872	0.845	+3%	0.825	+6%	0.799	+9%	0.780	+12%
Pb Ratio	3.242	-8%	3.497	3.428	+2%	2.968	+18%	3.208	+9%	2.900	+21%
Pe Ratio	28.588	-8%	30.831	96.893	-68%	44.970	-31%	49.652	-38%	36.630	-16%
Price Per Share	79.910	-8%	86.180	83.635	+3%	71.368	+21%	77.237	+12%	62.768	+37%
Price To Free Cash Flow Ratio	828.947	-8%	893.989	239.632	+273%	31.175	+2768%	111.106	+705%	54.833	+1530%
Price To Total Gains Ratio	121.498	-8%	131.031	294.472	-56%	108.601	+21%	332.656	-61%	248.183	-47%
Quick Ratio	-	-	1.101	3.209	-66%	5.349	-79%	4.946	-78%	4.975	-78%
Return On Assets	-	-	0.023	0.016	+40%	0.016	+41%	0.020	+17%	0.020	+13%
Return On Equity	-	-	0.029	0.020	+43%	0.019	+48%	0.024	+21%	0.024	+19%
Total Gains Per Share	-	-	0.658	0.529	+24%	-0.207	+131%	0.357	+84%	0.408	+61%
Usd Book Value	-	-	2362310000.000	2368302250.000	0%	2402064500.000	-2%	2434545700.000	-3%	2183801585.366	+8%
Usd Book Value Change Per Share	-	-	0.360	0.256	+41%	-0.459	+227%	0.126	+186%	0.235	+53%
Usd Book Value Per Share	-	-	24.646	24.398	+1%	24.022	+3%	23.973	+3%	21.258	+16%
Usd Dividend Per Share	-	-	0.298	0.273	+9%	0.252	+18%	0.231	+29%	0.173	+72%
Usd Eps	-	-	0.699	0.486	+44%	0.462	+51%	0.565	+24%	0.513	+36%
Usd Free Cash Flow	-	-	2310000.000	72468500.000	-97%	75629000.000	-97%	72706150.000	-97%	59056756.098	-96%
Usd Free Cash Flow Per Share	-	-	0.024	0.744	-97%	0.752	-97%	0.715	-97%	0.574	-96%
Usd Free Cash Flow To Equity Per Share	-	-	-1.281	0.041	-3236%	-0.820	-36%	-0.116	-91%	0.015	-8505%
Usd Market Cap	4754093621.000	-74%	8260460207.920	8117245691.980	+2%	7138912627.500	+16%	7846331889.896	+5%	6444659648.486	+28%
Usd Price Per Share	79.910	-8%	86.180	83.635	+3%	71.368	+21%	77.237	+12%	62.768	+37%
Usd Profit	-	-	66981000.000	47065500.000	+42%	45862000.000	+46%	57512300.000	+16%	52172560.976	+28%
Usd Revenue	-	-	315574000.000	320099250.000	-1%	309270250.000	+2%	312570150.000	+1%	286913219.512	+10%
Usd Total Gains Per Share	-	-	0.658	0.529	+24%	-0.207	+131%	0.357	+84%	0.408	+61%
	EOD	+4 -4	MRQ	TTM	+19 -17	YOY	+21 -15	5Y	+20 -16	10Y	+21 -15

4.2. Fundamental Score

Let's check the fundamental score of Dolby Laboratories based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	28.588
Price to Book Ratio (EOD)	Between	0-1	3.242
Net Profit Margin (MRQ)	Greater than	0	0.212
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	1.101
Current Ratio (MRQ)	Greater than	1	3.683
Debt to Asset Ratio (MRQ)	Less than	1	0.195
Debt to Equity Ratio (MRQ)	Less than	1	0.244
Return on Equity (MRQ)	Greater than	0.15	0.029
Return on Assets (MRQ)	Greater than	0.05	0.023
Total			5/10 (50.0%)

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4.3. Technical Score

Let's check the technical score of Dolby Laboratories based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	43.990
Ma 20	Greater than	Ma 50	80.852
Ma 50	Greater than	Ma 100	81.521
Ma 100	Greater than	Ma 200	83.211
Open	Greater than	Close	78.840
Total			1/5 (20.0%)

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Latest Balance Sheet

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

Summary

Total Assets	2,935,529
Total Liabilities	573,219
Total Stockholder Equity	2,345,848

	As reported
Total Liabilities	573,219
Total Stockholder Equity	+ 2,345,848
Total Assets	= 2,935,529

Assets

Total Assets	2,935,529
Total Current Assets	1,451,355
Long-term Assets	1,484,174

Total Current Assets

Total Current Assets (as reported)	1,451,355
Cash And Cash Equivalents	656,816
Short-term Investments	140,823
Net Receivables	293,228
Inventory	37,568
Other Current Assets	25,820
Total Current Assets (calculated)	1,154,255
+/-	297,100

Long-term Assets

Long-term Assets (as reported)	1,484,174
Property Plant Equipment	517,322
Goodwill	410,435
Long Term Investments	92,876
Intangible Assets	159,894
Long-term Assets Other	96,980
Long-term Assets (calculated)	1,277,507
+/-	206,667

Liabilities & Shareholders' Equity

Total Current Liabilities	394,096
Long-term Liabilities	179,123
Total Stockholder Equity	2,345,848

Total Current Liabilities

Total Current Liabilities (as reported)	394,096
Accounts payable	14,395
Total Current Liabilities (calculated)	14,395
+/-	379,701

Long-term Liabilities

Long-term Liabilities (as reported)	179,123
Capital Lease Obligations Min Short Term Debt	47,241
Long-term Liabilities Other	26,260
Long-term Liabilities (calculated)	73,501
+/-	105,622

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,345,848
Retained Earnings	2,367,182
Total Stockholder Equity (calculated)	2,367,182
+/-	21,334

Other

Capital Stock	94
Common Stock Shares Outstanding	95,851
Net Invested Capital	2,345,848
Net Working Capital	1,057,259
Property Plant and Equipment Gross	1,109,340

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-11-17

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

> Total Assets

0
0
0
202,707
0
0
0
261,866
286,607
549,941
564,002
586,277
613,771
661,696
693,860
739,288
795,613
859,302
923,700
991,697
1,126,631
1,191,268
1,275,607
1,336,146
1,401,212
1,423,900
1,508,749
1,581,315
1,676,443
1,699,460
1,703,186
1,711,772
1,760,131
1,825,968
1,831,227
1,884,387
1,939,120
1,985,400
1,953,555
1,960,798
1,551,950
1,626,505
1,667,450
1,737,945
1,765,625
1,896,555
1,938,776
1,984,012
1,984,012
2,022,419
2,114,604
2,151,635
2,133,293
2,113,604
2,158,851
2,263,353
2,310,106
2,330,703
2,387,797
2,473,106
2,533,554
2,514,709
2,606,639
2,669,819
2,659,269
2,823,060
2,843,951
2,809,808
2,821,749
2,893,284
2,944,833
2,903,906
2,917,325
3,096,854
3,106,290
3,135,136
3,105,687
3,104,921
3,062,990
2,919,936
2,689,548
2,748,523
2,836,133
3,007,938
2,979,766
2,935,529

2,935,529

2,979,766

3,007,938

2,836,133

2,748,523

2,689,548

2,919,936

3,062,990

3,104,921

3,105,687

3,135,136

3,106,290

3,096,854

2,917,325

2,903,906

2,944,833

2,893,284

2,821,749

2,809,808

2,843,951

2,823,060

2,659,269

2,669,819

2,606,639

2,514,709

2,533,554

2,473,106

2,387,797

2,330,703

2,310,106

2,263,353

2,158,851

2,113,604

2,133,293

2,151,635

2,114,604

2,022,419

1,984,012

1,938,776

1,896,555

1,765,625

1,737,945

1,667,450

1,626,505

1,551,950

1,960,798

1,953,555

1,985,400

1,939,120

1,884,387

1,831,227

1,825,968

1,760,131

1,711,772

1,703,186

1,699,460

1,676,443

1,581,315

1,508,749

1,423,900

1,401,212

1,336,146

1,275,607

1,191,268

1,126,631

991,697

923,700

859,302

795,613

739,288

693,860

661,696

613,771

586,277

564,002

549,941

286,607

261,866

202,707

> Total Current Assets

0
0
0
105,592
0
0
0
144,757
150,832
415,670
431,535
454,188
483,295
531,701
538,483
572,632
611,789
650,191
668,094
733,418
629,184
549,429
619,986
691,869
739,312
725,487
738,148
900,838
954,341
975,034
1,012,238
1,060,413
924,057
1,022,435
1,093,916
1,158,598
1,229,050
1,294,005
1,169,031
970,286
618,558
677,081
714,540
812,722
858,811
967,394
986,950
1,005,851
1,005,851
892,158
942,018
895,529
918,330
737,941
786,287
871,929
759,730
811,016
871,671
978,310
1,011,434
1,035,511
1,154,665
1,238,933
1,301,954
1,423,803
1,428,858
1,338,817
1,381,540
1,401,008
1,459,572
1,503,435
1,547,196
1,724,671
1,751,148
1,772,876
1,760,498
1,695,145
1,621,570
1,504,719
1,310,894
1,349,415
1,462,596
1,469,365
1,487,804
1,451,355

1,451,355

1,487,804

1,469,365

1,462,596

1,349,415

1,310,894

1,504,719

1,621,570

1,695,145

1,760,498

1,772,876

1,751,148

1,724,671

1,547,196

1,503,435

1,459,572

1,401,008

1,381,540

1,338,817

1,428,858

1,423,803

1,301,954

1,238,933

1,154,665

1,035,511

1,011,434

978,310

871,671

811,016

759,730

871,929

786,287

737,941

918,330

895,529

942,018

892,158

1,005,851

986,950

967,394

858,811

812,722

714,540

677,081

618,558

970,286

1,169,031

1,294,005

1,229,050

1,158,598

1,093,916

1,022,435

924,057

1,060,413

1,012,238

975,034

954,341

900,838

738,148

725,487

739,312

691,869

619,986

549,429

629,184

733,418

668,094

650,191

611,789

572,632

538,483

531,701

483,295

454,188

431,535

415,670

150,832

144,757

105,592

Cash And Cash Equivalents

0
0
0
61,922
0
0
0
78,711
94,087
350,650
361,551
372,403
404,502
450,583
373,421
412,487
409,265
337,401
325,909
368,467
280,246
347,502
369,907
394,761
402,434
372,528
363,376
451,678
406,238
417,349
519,098
545,861
433,638
520,268
594,604
551,512
654,414
747,988
670,408
492,600
316,193
328,508
408,561
454,397
484,640
568,899
590,097
568,472
568,472
409,115
513,994
470,868
531,926
467,099
521,202
599,991
516,112
512,838
532,508
592,616
627,017
596,390
705,519
829,621
918,063
790,787
726,596
716,560
797,210
741,429
724,931
855,103
1,071,876
1,110,024
1,104,570
1,219,648
1,225,380
1,056,686
900,393
858,905
620,127
626,158
688,443
765,079
745,364
656,816

656,816

745,364

765,079

688,443

626,158

620,127

858,905

900,393

1,056,686

1,225,380

1,219,648

1,104,570

1,110,024

1,071,876

855,103

724,931

741,429

797,210

716,560

726,596

790,787

918,063

829,621

705,519

596,390

627,017

592,616

532,508

512,838

516,112

599,991

521,202

467,099

531,926

470,868

513,994

409,115

568,472

590,097

568,899

484,640

454,397

408,561

328,508

316,193

492,600

670,408

747,988

654,414

551,512

594,604

520,268

433,638

545,861

519,098

417,349

406,238

451,678

363,376

372,528

402,434

394,761

369,907

347,502

280,246

368,467

325,909

337,401

409,265

412,487

373,421

450,583

404,502

372,403

361,551

350,650

94,087

78,711

61,922

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
205
0
0
74,176
73,212
119,129
194,992
210,548
231,217
200,727
28,905
49,552
119,667
181,123
193,543
211,279
283,808
372,767
382,097
303,771
302,269
270,593
266,818
309,067
391,281
367,412
350,735
322,399
302,693
118,681
124,415
109,342
140,267
179,406
169,082
181,446
231,208
231,208
211,443
188,164
165,833
138,901
139,144
104,267
118,778
121,629
164,818
194,997
247,665
247,757
252,607
240,497
195,284
178,138
175,557
158,679
120,737
119,146
170,234
174,859
189,383
46,948
52,261
58,582
48,277
38,839
80,618
141,688
156,812
189,213
132,875
126,393
124,210
139,148
140,823

140,823

139,148

124,210

126,393

132,875

189,213

156,812

141,688

80,618

38,839

48,277

58,582

52,261

46,948

189,383

174,859

170,234

119,146

120,737

158,679

175,557

178,138

195,284

240,497

252,607

247,757

247,665

194,997

164,818

121,629

118,778

104,267

139,144

138,901

165,833

188,164

211,443

231,208

181,446

169,082

179,406

140,267

109,342

124,415

118,681

302,693

322,399

350,735

367,412

391,281

309,067

266,818

270,593

302,269

303,771

382,097

372,767

283,808

211,279

193,543

181,123

119,667

49,552

28,905

200,727

231,217

210,548

194,992

119,129

73,212

74,176

205

Net Receivables

0
0
0
15,799
0
0
0
24,430
12,432
19,194
19,497
33,242
31,625
30,580
37,462
24,921
18,472
45,659
45,896
28,165
37,955
43,399
45,933
27,650
23,667
45,245
49,817
22,981
43,507
44,427
47,650
54,257
68,638
73,657
49,224
61,815
54,211
57,762
46,034
43,495
51,797
91,201
74,528
97,460
75,949
109,143
95,259
86,168
204,177
117,240
98,562
103,921
101,563
89,935
102,083
91,637
75,688
81,393
88,216
82,102
73,750
122,917
141,257
149,582
137,151
381,094
456,631
414,097
384,766
396,636
470,782
375,951
341,697
481,487
516,884
441,664
414,925
468,258
486,109
406,631
419,686
505,520
558,577
459,450
444,375
293,228

293,228

444,375

459,450

558,577

505,520

419,686

406,631

486,109

468,258

414,925

441,664

516,884

481,487

341,697

375,951

470,782

396,636

384,766

414,097

456,631

381,094

137,151

149,582

141,257

122,917

73,750

82,102

88,216

81,393

75,688

91,637

102,083

89,935

101,563

103,921

98,562

117,240

204,177

86,168

95,259

109,143

75,949

97,460

74,528

91,201

51,797

43,495

46,034

57,762

54,211

61,815

49,224

73,657

68,638

54,257

47,650

44,427

43,507

22,981

49,817

45,245

23,667

27,650

45,933

43,399

37,955

28,165

45,896

45,659

18,472

24,921

37,462

30,580

31,625

33,242

19,497

19,194

12,432

24,430

15,799

Other Current Assets

0
0
0
23,637
0
0
0
34,453
35,867
37,631
41,344
36,821
36,759
37,392
41,467
50,908
53,338
58,927
71,650
90,686
95,671
109,470
132,594
131,658
115,772
100,058
103,690
129,396
122,336
120,715
124,730
129,688
123,389
130,310
6,233
127,746
119,498
120,958
117,430
33,832
28,203
29,432
30,200
32,124
25,584
24,377
22,446
22,880
37,092
37,092
34,523
45,551
32,031
23,195
36,198
37,306
26,302
32,119
32,501
29,790
30,508
31,105
35,244
32,672
35,209
39,601
44,050
41,030
39,704
23,105
23,353
23,353
53,022
51,390
27,227
24,602
62,737
68,693
33,219
21,485
23,224
24,941
53,853
28,598
50,692
25,820

25,820

50,692

28,598

53,853

24,941

23,224

21,485

33,219

68,693

62,737

24,602

27,227

51,390

53,022

23,353

23,105

39,704

41,030

44,050

39,601

35,209

32,672

35,244

31,105

30,508

29,790

32,501

32,119

26,302

37,306

36,198

23,195

32,031

45,551

34,523

37,092

22,880

22,446

24,377

25,584

32,124

30,200

29,432

28,203

33,832

117,430

120,958

119,498

127,746

6,233

130,310

123,389

129,688

124,730

120,715

122,336

129,396

103,690

100,058

115,772

131,658

132,594

109,470

95,671

90,686

71,650

58,927

53,338

50,908

41,467

37,392

36,759

36,821

41,344

37,631

35,867

34,453

23,637

> Long-term Assets

0
0
0
97,115
0
0
0
117,109
135,775
134,271
132,467
132,089
130,476
129,995
155,377
166,656
183,824
209,111
255,606
258,279
497,447
641,839
655,621
644,277
661,900
698,413
770,601
680,477
722,102
724,426
690,948
651,359
836,074
803,533
737,311
725,789
710,070
691,395
784,524
990,512
933,392
949,424
952,910
925,223
906,814
929,161
951,826
978,161
1,130,261
1,130,261
1,172,586
1,256,106
1,214,963
1,375,663
1,372,564
1,391,424
1,550,376
1,519,687
1,516,126
1,494,796
1,522,120
1,479,198
1,451,974
1,430,886
1,357,315
1,399,257
1,415,093
1,470,991
1,440,209
1,492,276
1,485,261
1,400,471
1,370,129
1,372,183
1,355,142
1,362,260
1,345,189
1,409,776
1,441,420
1,415,217
1,378,654
1,399,108
1,373,537
1,538,573
1,491,962
1,484,174

1,484,174

1,491,962

1,538,573

1,373,537

1,399,108

1,378,654

1,415,217

1,441,420

1,409,776

1,345,189

1,362,260

1,355,142

1,372,183

1,370,129

1,400,471

1,485,261

1,492,276

1,440,209

1,470,991

1,415,093

1,399,257

1,357,315

1,430,886

1,451,974

1,479,198

1,522,120

1,494,796

1,516,126

1,519,687

1,550,376

1,391,424

1,372,564

1,375,663

1,214,963

1,256,106

1,172,586

1,130,261

978,161

951,826

929,161

906,814

925,223

952,910

949,424

933,392

990,512

784,524

691,395

710,070

725,789

737,311

803,533

836,074

651,359

690,948

724,426

722,102

680,477

770,601

698,413

661,900

644,277

655,621

641,839

497,447

258,279

255,606

209,111

183,824

166,656

155,377

129,995

130,476

132,089

132,467

134,271

135,775

117,109

97,115

Property Plant Equipment

0
0
0
65,706
0
0
0
72,333
76,237
78,028
76,563
76,462
75,258
75,037
76,801
76,995
77,179
79,696
81,457
85,552
85,079
84,565
85,775
87,915
84,809
86,895
90,577
92,178
98,292
100,880
95,486
94,097
99,109
103,590
108,334
117,107
123,536
135,517
140,127
254,676
254,361
249,017
245,667
242,917
243,712
242,970
252,389
289,755
330,249
330,249
358,368
386,448
403,091
410,063
416,254
428,225
443,656
459,709
471,095
476,353
485,275
493,173
500,981
502,041
514,182
523,193
537,641
524,641
537,432
620,566
630,466
625,024
618,478
619,010
614,678
610,046
601,509
596,847
586,557
571,572
560,011
555,523
552,742
540,939
521,780
517,322

517,322

521,780

540,939

552,742

555,523

560,011

571,572

586,557

596,847

601,509

610,046

614,678

619,010

618,478

625,024

630,466

620,566

537,432

524,641

537,641

523,193

514,182

502,041

500,981

493,173

485,275

476,353

471,095

459,709

443,656

428,225

416,254

410,063

403,091

386,448

358,368

330,249

289,755

252,389

242,970

243,712

242,917

245,667

249,017

254,361

254,676

140,127

135,517

123,536

117,107

108,334

103,590

99,109

94,097

95,486

100,880

98,292

92,178

90,577

86,895

84,809

87,915

85,775

84,565

85,079

85,552

81,457

79,696

77,179

76,995

76,801

75,037

75,258

76,462

76,563

78,028

76,237

72,333

65,706

Goodwill

0
0
0
8,712
0
0
0
22,030
23,159
23,200
23,200
23,865
23,245
22,669
23,188
23,188
24,331
24,524
41,908
39,364
258,967
272,542
273,552
250,356
236,687
225,548
250,582
261,121
258,868
259,514
258,853
264,580
266,236
267,255
268,009
263,260
263,780
264,750
263,536
281,375
281,763
280,979
278,718
279,724
279,059
279,871
279,966
277,574
277,574
315,791
312,869
312,454
307,708
308,374
309,880
309,020
309,616
307,121
308,751
309,911
311,087
311,186
316,558
314,317
327,982
326,856
513,750
525,240
515,720
335,443
332,979
335,694
489,376
483,401
338,235
338,385
340,694
339,897
371,738
368,282
365,147
369,385
370,134
426,307
408,409
410,435

410,435

408,409

426,307

370,134

369,385

365,147

368,282

371,738

339,897

340,694

338,385

338,235

483,401

489,376

335,694

332,979

335,443

515,720

525,240

513,750

326,856

327,982

314,317

316,558

311,186

311,087

309,911

308,751

307,121

309,616

309,020

309,880

308,374

307,708

312,454

312,869

315,791

277,574

279,966

279,871

279,059

279,724

278,718

280,979

281,763

281,375

263,536

264,750

263,780

263,260

268,009

267,255

266,236

264,580

258,853

259,514

258,868

261,121

250,582

225,548

236,687

250,356

273,552

272,542

258,967

39,364

41,908

24,524

24,331

23,188

22,669

23,245

23,865

23,200

23,159

22,030

8,712

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
222,664
190,837
367,727
347,092
280,380
272,797
247,273
209,804
295,950
361,614
308,277
327,946
335,371
306,338
293,719
304,376
313,505
296,335
318,448
318,448
330,298
373,498
321,015
350,360
268,091
266,431
393,904
350,360
326,800
303,320
314,364
303,501
262,062
243,179
187,782
201,428
199,302
211,352
179,587
141,720
127,294
74,768
52,149
49,337
42,188
54,155
62,819
120,988
124,142
106,726
102,514
124,024
100,797
98,103
97,812
92,876

92,876

97,812

98,103

100,797

124,024

102,514

106,726

124,142

120,988

62,819

54,155

42,188

49,337

52,149

74,768

127,294

141,720

179,587

211,352

199,302

201,428

187,782

243,179

262,062

303,501

314,364

303,320

326,800

350,360

393,904

266,431

268,091

350,360

321,015

373,498

330,298

318,448

296,335

313,505

304,376

293,719

306,338

335,371

327,946

308,277

361,614

295,950

209,804

247,273

272,797

280,380

347,092

367,727

190,837

222,664

Intangible Assets

0
0
0
14,346
0
0
0
28,808
41,000
41,309
40,793
41,049
39,821
16,043
15,512
14,954
14,426
14,625
33,028
35,389
93,672
93,863
90,751
83,060
86,714
79,218
81,694
82,035
77,595
72,297
69,322
67,019
67,340
61,804
55,463
51,573
47,922
44,816
42,115
56,526
52,913
48,489
44,736
41,315
37,996
46,772
50,225
63,700
63,700
108,220
106,369
117,726
127,507
224,151
216,082
222,868
215,342
206,862
203,723
196,494
189,648
195,205
191,340
185,140
184,019
189,476
187,029
189,304
180,891
175,981
167,917
160,069
152,431
144,688
136,944
129,214
122,890
125,804
126,281
119,251
112,265
105,912
98,876
177,334
167,427
159,894

159,894

167,427

177,334

98,876

105,912

112,265

119,251

126,281

125,804

122,890

129,214

136,944

144,688

152,431

160,069

167,917

175,981

180,891

189,304

187,029

189,476

184,019

185,140

191,340

195,205

189,648

196,494

203,723

206,862

215,342

222,868

216,082

224,151

127,507

117,726

106,369

108,220

63,700

50,225

46,772

37,996

41,315

44,736

48,489

52,913

56,526

42,115

44,816

47,922

51,573

55,463

61,804

67,340

67,019

69,322

72,297

77,595

82,035

81,694

79,218

86,714

83,060

90,751

93,863

93,672

35,389

33,028

14,625

14,426

14,954

15,512

16,043

39,821

41,049

40,793

41,309

41,000

28,808

14,346

Other Assets

0
0
0
31,409
0
0
0
44,776
59,538
56,243
55,904
55,627
55,218
54,958
78,576
89,661
106,645
129,415
174,149
172,727
412,368
557,274
569,846
556,362
577,091
611,518
680,024
588,299
623,810
623,546
595,462
557,262
736,965
699,943
628,977
608,682
586,534
555,878
644,397
735,836
679,031
700,407
707,243
682,306
663,102
686,191
699,437
688,406
0
800,012
814,218
869,658
811,872
965,600
956,310
963,199
1,106,720
1,059,978
1,045,031
1,018,443
1,036,845
986,025
181,033
186,209
143,350
158,304
200,497
209,758
207,470
218,566
226,605
204,916
210,126
345,232
223,097
230,460
217,277
226,240
232,702
249,386
238,717
244,264
250,988
295,890
296,534
0

296,534

295,890

250,988

244,264

238,717

249,386

232,702

226,240

217,277

230,460

223,097

345,232

210,126

204,916

226,605

218,566

207,470

209,758

200,497

158,304

143,350

186,209

181,033

986,025

1,036,845

1,018,443

1,045,031

1,059,978

1,106,720

963,199

956,310

965,600

811,872

869,658

814,218

800,012

688,406

699,437

686,191

663,102

682,306

707,243

700,407

679,031

735,836

644,397

555,878

586,534

608,682

628,977

699,943

736,965

557,262

595,462

623,546

623,810

588,299

680,024

611,518

577,091

556,362

569,846

557,274

412,368

172,727

174,149

129,415

106,645

89,661

78,576

54,958

55,218

55,627

55,904

56,243

59,538

44,776

31,409

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
29,272
19,948
20,593
17,657
18,811
14,779
20,390
20,337
22,157
22,634
24,362
30,988
36,591
43,291
41,265
44,877
46,200
41,746
48,212
48,212
55,340
56,217
46,178
171,388
149,272
149,633
166,790
171,388
176,288
178,466
190,915
139,658
141,580
143,949
0
107,313
113,409
109,208
0
123,284
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

123,284

109,208

113,409

107,313

143,949

141,580

139,658

190,915

178,466

176,288

171,388

166,790

149,633

149,272

171,388

46,178

56,217

55,340

48,212

41,746

46,200

44,877

41,265

43,291

36,591

30,988

24,362

22,634

22,157

20,337

20,390

14,779

18,811

17,657

20,593

19,948

29,272

> Total Liabilities

0
0
0
92,802
0
0
0
101,339
110,723
113,173
110,115
106,874
107,608
114,854
113,298
125,089
128,866
140,905
158,606
172,262
237,422
221,206
241,431
264,795
253,976
208,631
209,912
218,210
243,106
225,069
230,079
217,093
188,279
185,832
175,361
199,037
195,032
198,233
202,493
217,565
206,150
217,972
217,588
237,919
215,855
243,373
252,612
252,364
252,364
271,319
315,545
311,652
319,341
301,422
304,803
323,033
331,371
330,045
344,639
350,727
389,712
458,785
452,661
481,900
463,151
474,106
491,094
489,532
508,719
554,583
575,556
467,009
478,920
525,637
512,070
507,322
501,455
462,400
457,802
460,411
438,528
455,998
480,141
625,215
607,582
573,219

573,219

607,582

625,215

480,141

455,998

438,528

460,411

457,802

462,400

501,455

507,322

512,070

525,637

478,920

467,009

575,556

554,583

508,719

489,532

491,094

474,106

463,151

481,900

452,661

458,785

389,712

350,727

344,639

330,045

331,371

323,033

304,803

301,422

319,341

311,652

315,545

271,319

252,364

252,612

243,373

215,855

237,919

217,588

217,972

206,150

217,565

202,493

198,233

195,032

199,037

175,361

185,832

188,279

217,093

230,079

225,069

243,106

218,210

209,912

208,631

253,976

264,795

241,431

221,206

237,422

172,262

158,606

140,905

128,866

125,089

113,298

114,854

107,608

106,874

110,115

113,173

110,723

101,339

92,802

> Total Current Liabilities

0
0
0
51,379
0
0
0
64,476
73,419
76,318
75,465
72,794
73,539
81,731
82,907
92,854
96,508
107,960
122,911
143,204
173,572
159,260
178,646
200,673
191,247
147,932
148,331
156,584
181,911
163,705
171,616
165,756
144,330
147,612
136,616
159,385
149,632
149,798
152,438
156,840
144,465
152,374
152,244
172,815
150,031
176,482
185,173
189,370
189,370
192,323
221,152
209,358
209,143
196,535
198,487
212,077
213,083
207,171
213,056
213,400
245,773
223,182
213,149
240,312
272,127
294,585
294,426
278,339
306,853
293,459
307,254
257,702
267,109
316,419
308,977
308,965
315,717
283,290
280,959
285,485
277,518
290,447
314,011
423,036
422,226
394,096

394,096

422,226

423,036

314,011

290,447

277,518

285,485

280,959

283,290

315,717

308,965

308,977

316,419

267,109

257,702

307,254

293,459

306,853

278,339

294,426

294,585

272,127

240,312

213,149

223,182

245,773

213,400

213,056

207,171

213,083

212,077

198,487

196,535

209,143

209,358

221,152

192,323

189,370

185,173

176,482

150,031

172,815

152,244

152,374

144,465

156,840

152,438

149,798

149,632

159,385

136,616

147,612

144,330

165,756

171,616

163,705

181,911

156,584

148,331

147,932

191,247

200,673

178,646

159,260

173,572

143,204

122,911

107,960

96,508

92,854

82,907

81,731

73,539

72,794

75,465

76,318

73,419

64,476

51,379

Short-term Debt

0
0
0
1,050
0
0
0
1,290
1,314
1,347
1,329
1,346
1,352
1,375
1,416
1,441
1,483
1,506
1,528
1,563
1,571
1,591
1,607
1,593
1,527
1,540
1,615
1,624
1,648
1,647
1,675
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,604
17,413
16,318
15,822
15,817
15,313
15,642
15,403
15,312
15,413
14,331
13,257
13,201
12,625
13,512
13,628
0

13,628

13,512

12,625

13,201

13,257

14,331

15,413

15,312

15,403

15,642

15,313

15,817

15,822

16,318

17,413

15,604

1,675

1,647

1,648

1,624

1,615

1,540

1,527

1,593

1,607

1,591

1,571

1,563

1,528

1,506

1,483

1,441

1,416

1,375

1,352

1,346

1,329

1,347

1,314

1,290

1,050

Accounts payable

0
0
0
9,581
0
0
0
6,540
14,303
70,080
71,271
6,539
65,487
71,779
33,912
4,581
5,086
5,404
29,435
9,281
11,154
6,885
8,431
10,137
11,060
10,060
110,709
12,921
122,090
10,678
13,284
3,606
122,111
136,216
5,621
10,887
106,558
113,689
124,192
14,831
9,900
6,673
8,845
10,695
7,490
10,312
11,626
15,898
171,087
9,973
14,130
27,566
20,710
12,207
17,632
14,762
17,544
11,541
10,062
12,728
14,373
14,408
18,200
16,970
21,922
9,811
14,626
14,304
15,212
13,700
9,041
10,047
12,617
13,631
8,385
12,187
17,779
19,104
11,373
16,821
14,171
17,361
17,170
15,395
20,925
14,395

14,395

20,925

15,395

17,170

17,361

14,171

16,821

11,373

19,104

17,779

12,187

8,385

13,631

12,617

10,047

9,041

13,700

15,212

14,304

14,626

9,811

21,922

16,970

18,200

14,408

14,373

12,728

10,062

11,541

17,544

14,762

17,632

12,207

20,710

27,566

14,130

9,973

171,087

15,898

11,626

10,312

7,490

10,695

8,845

6,673

9,900

14,831

124,192

113,689

106,558

10,887

5,621

136,216

122,111

3,606

13,284

10,678

122,090

12,921

110,709

10,060

11,060

10,137

8,431

6,885

11,154

9,281

29,435

5,404

5,086

4,581

33,912

71,779

65,487

6,539

71,271

70,080

14,303

6,540

9,581

Other Current Liabilities

0
0
0
38,012
0
0
0
54,084
55,447
2,347
35,777
61,641
1,579
4,019
41,878
80,474
82,380
90,700
80,021
118,838
142,489
126,190
137,714
151,599
139,179
110,960
897
104,835
29,879
134,090
144,616
152,503
14,154
821
118,019
121,797
18,662
9,391
3,147
118,516
111,909
125,154
120,166
141,189
127,376
153,530
160,380
160,976
21,236
161,114
190,651
163,776
169,149
162,336
158,534
174,785
171,359
171,225
179,054
177,837
208,250
185,325
172,407
201,906
226,274
265,212
257,349
244,600
271,650
244,370
261,055
213,312
223,234
265,769
265,250
262,935
264,062
227,448
232,064
233,117
231,502
237,529
261,253
357,543
356,168
0

356,168

357,543

261,253

237,529

231,502

233,117

232,064

227,448

264,062

262,935

265,250

265,769

223,234

213,312

261,055

244,370

271,650

244,600

257,349

265,212

226,274

201,906

172,407

185,325

208,250

177,837

179,054

171,225

171,359

174,785

158,534

162,336

169,149

163,776

190,651

161,114

21,236

160,976

160,380

153,530

127,376

141,189

120,166

125,154

111,909

118,516

3,147

9,391

18,662

121,797

118,019

821

14,154

152,503

144,616

134,090

29,879

104,835

897

110,960

139,179

151,599

137,714

126,190

142,489

118,838

80,021

90,700

82,380

80,474

41,878

4,019

1,579

61,641

35,777

2,347

55,447

54,084

38,012

> Long-term Liabilities

0
0
0
41,423
0
0
0
36,863
37,304
36,855
34,650
34,080
34,069
33,123
30,391
32,235
32,358
32,945
35,695
29,058
63,850
61,946
62,785
64,122
62,729
60,699
61,581
61,626
61,195
61,364
58,463
51,337
43,949
38,220
38,745
39,652
45,400
48,435
50,055
60,725
61,685
65,598
65,344
65,104
65,824
66,891
67,439
62,994
78,996
78,996
94,393
102,294
110,198
104,887
106,316
110,956
118,288
122,874
131,583
137,327
143,939
235,603
239,512
241,588
191,024
179,521
196,668
211,193
201,866
261,124
268,302
209,307
211,811
209,218
203,093
198,357
185,738
179,110
176,843
174,926
161,010
165,551
166,130
202,179
185,356
179,123

179,123

185,356

202,179

166,130

165,551

161,010

174,926

176,843

179,110

185,738

198,357

203,093

209,218

211,811

209,307

268,302

261,124

201,866

211,193

196,668

179,521

191,024

241,588

239,512

235,603

143,939

137,327

131,583

122,874

118,288

110,956

106,316

104,887

110,198

102,294

94,393

78,996

62,994

67,439

66,891

65,824

65,104

65,344

65,598

61,685

60,725

50,055

48,435

45,400

39,652

38,745

38,220

43,949

51,337

58,463

61,364

61,195

61,626

61,581

60,699

62,729

64,122

62,785

61,946

63,850

29,058

35,695

32,945

32,358

32,235

30,391

33,123

34,069

34,080

34,650

36,855

37,304

36,863

41,423

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
4,470
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

4,470

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
29,272
19,948
20,593
17,657
18,811
14,779
20,390
20,337
22,157
22,634
24,362
30,988
36,591
43,291
41,265
44,877
46,200
41,746
48,212
48,212
55,340
56,217
46,178
171,388
149,272
149,633
166,790
171,388
176,288
178,466
190,915
139,658
141,580
143,949
0
107,313
113,409
109,208
0
123,284
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

123,284

109,208

113,409

107,313

143,949

141,580

139,658

190,915

178,466

176,288

171,388

166,790

149,633

149,272

171,388

46,178

56,217

55,340

48,212

41,746

46,200

44,877

41,265

43,291

36,591

30,988

24,362

22,634

22,157

20,337

20,390

14,779

18,811

17,657

20,593

19,948

29,272

Other Liabilities

0
0
0
26,875
0
0
0
23,283
23,818
23,723
22,179
21,956
22,390
21,686
19,121
21,342
21,661
22,594
19,346
19,367
36,947
34,135
35,392
39,585
40,615
39,905
40,043
42,228
42,525
43,565
41,074
39,790
43,390
37,614
38,124
38,981
44,761
47,777
49,440
58,029
58,971
62,907
65,344
65,104
65,824
66,891
67,439
62,994
0
78,996
94,393
102,294
107,605
104,887
106,316
110,956
118,288
122,874
131,583
137,327
143,939
235,603
239,512
241,588
191,024
179,521
228,644
211,193
201,866
203,139
203,879
144,118
146,496
144,962
141,928
137,390
129,023
126,495
128,652
130,669
123,325
131,330
0
165,627
148,336
0

148,336

165,627

131,330

123,325

130,669

128,652

126,495

129,023

137,390

141,928

144,962

146,496

144,118

203,879

203,139

201,866

211,193

228,644

179,521

191,024

241,588

239,512

235,603

143,939

137,327

131,583

122,874

118,288

110,956

106,316

104,887

107,605

102,294

94,393

78,996

62,994

67,439

66,891

65,824

65,104

65,344

62,907

58,971

58,029

49,440

47,777

44,761

38,981

38,124

37,614

43,390

39,790

41,074

43,565

42,525

42,228

40,043

39,905

40,615

39,585

35,392

34,135

36,947

19,367

19,346

22,594

21,661

21,342

19,121

21,686

22,390

21,956

22,179

23,723

23,818

23,283

26,875

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
24,677
24,322
14,082
14,445
15,471
16,197
17,763
16,990
17,493
20,888
21,607
21,858
19,073
19,663
19,532
20,178
19,471
19,279
23,203
23,203
29,678
29,661
30,581
33,813
35,652
34,903
35,366
34,603
35,651
36,123
36,425
36,792
37,430
37,775
40,064
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

40,064

37,775

37,430

36,792

36,425

36,123

35,651

34,603

35,366

34,903

35,652

33,813

30,581

29,661

29,678

23,203

19,279

19,471

20,178

19,532

19,663

19,073

21,858

21,607

20,888

17,493

16,990

17,763

16,197

15,471

14,445

14,082

24,322

24,677

> Total Stockholder Equity

0
0
0
93,775
0
0
0
143,327
158,084
418,511
436,314
461,139
488,019
528,047
560,801
594,288
645,993
697,196
743,269
797,156
867,178
947,670
1,011,477
1,049,253
1,127,148
1,195,095
1,276,667
1,341,108
1,411,038
1,452,468
1,473,107
1,473,737
1,550,698
1,618,261
1,633,699
1,663,513
1,722,110
1,764,787
1,728,968
1,720,269
1,327,777
1,390,670
1,431,612
1,481,110
1,529,979
1,632,636
1,664,614
1,710,017
1,735,008
1,735,008
1,782,579
1,822,877
1,805,013
1,803,496
1,845,361
1,931,805
1,970,256
1,994,334
2,036,642
2,115,568
2,136,742
2,049,707
2,147,429
2,181,500
2,189,551
2,343,305
2,347,024
2,314,521
2,307,351
2,333,290
2,364,059
2,431,367
2,432,643
2,565,162
2,587,931
2,621,515
2,597,979
2,637,754
2,599,772
2,454,361
2,246,183
2,287,578
2,350,784
2,366,238
2,355,100
2,345,848

2,345,848

2,355,100

2,366,238

2,350,784

2,287,578

2,246,183

2,454,361

2,599,772

2,637,754

2,597,979

2,621,515

2,587,931

2,565,162

2,432,643

2,431,367

2,364,059

2,333,290

2,307,351

2,314,521

2,347,024

2,343,305

2,189,551

2,181,500

2,147,429

2,049,707

2,136,742

2,115,568

2,036,642

1,994,334

1,970,256

1,931,805

1,845,361

1,803,496

1,805,013

1,822,877

1,782,579

1,735,008

1,710,017

1,664,614

1,632,636

1,529,979

1,481,110

1,431,612

1,390,670

1,327,777

1,720,269

1,728,968

1,764,787

1,722,110

1,663,513

1,633,699

1,618,261

1,550,698

1,473,737

1,473,107

1,452,468

1,411,038

1,341,108

1,276,667

1,195,095

1,127,148

1,049,253

1,011,477

947,670

867,178

797,156

743,269

697,196

645,993

594,288

560,801

528,047

488,019

461,139

436,314

418,511

158,084

143,327

93,775

Common Stock

0
0
0
85
0
0
0
87
87
103
104
104
105
106
107
107
108
109
110
110
111
112
113
112
112
113
113
113
114
113
113
112
112
112
111
110
109
107
105
103
102
102
102
102
103
103
103
103
103
103
103
104
102
101
101
102
101
100
101
101
101
102
102
103
102
101
100
99
99
99
99
99
99
100
100
100
100
100
99
98
94
95
95
94
94
0

100

101

102

103

102

101

100

101

102

101

102

104

103

102

103

105

107

109

110

111

112

113

114

113

112

113

112

111

110

109

108

107

106

105

104

103

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,070,911
1,135,922
1,222,309
1,304,370
1,366,118
1,445,189
1,518,348
1,606,468
1,657,997
1,709,479
1,316,461
1,378,371
1,408,587
1,454,382
1,498,897
1,574,765
1,614,544
1,660,485
1,691,614
1,691,614
1,739,346
1,764,578
1,800,857
1,816,318
1,853,602
1,926,528
1,938,320
1,977,478
2,013,790
2,075,559
2,083,063
1,985,064
2,039,116
2,105,621
2,139,154
2,361,843
2,361,607
2,328,918
0
2,351,251
2,395,575
2,448,389
2,443,138
2,565,670
2,591,870
2,626,447
2,607,909
2,649,175
2,615,354
2,484,689
2,297,730
2,319,358
2,378,115
2,397,307
0
0

2,397,307

2,378,115

2,319,358

2,297,730

2,484,689

2,615,354

2,649,175

2,607,909

2,626,447

2,591,870

2,565,670

2,443,138

2,448,389

2,395,575

2,351,251

2,328,918

2,361,607

2,361,843

2,139,154

2,105,621

2,039,116

1,985,064

2,083,063

2,075,559

2,013,790

1,977,478

1,938,320

1,926,528

1,853,602

1,816,318

1,800,857

1,764,578

1,739,346

1,691,614

1,660,485

1,614,544

1,574,765

1,498,897

1,454,382

1,408,587

1,378,371

1,316,461

1,709,479

1,657,997

1,606,468

1,518,348

1,445,189

1,366,118

1,304,370

1,222,309

1,135,922

1,070,911

Accumulated Other Comprehensive Income

0
0
0
1,463
0
0
0
-30,567
-32,312
-28,338
-25,680
-24,688
102
765
3,666
3,814
7,674
8,441
11,661
11,467
16,358
25,471
25,926
4,739
-3,778
-12,000
2,081
9,541
6,858
5,568
4,558
7,801
8,032
10,355
11,895
7,533
7,108
9,130
5,897
10,687
11,214
8,772
5,812
7,814
7,385
8,694
8,678
3,014
3,014
-2,188
-7,532
-7,391
-11,462
-12,923
-8,342
-10,205
-10,197
-19,679
-14,708
-11,518
-7,753
-8,122
-5,616
-13,301
-15,832
-18,639
-14,683
-14,496
-20,625
-18,060
-31,615
-17,121
-10,594
-608
-4,039
-5,032
-10,030
-11,521
-15,681
-30,426
-51,641
-31,875
-27,426
-31,163
-36,984
0

-36,984

-31,163

-27,426

-31,875

-51,641

-30,426

-15,681

-11,521

-10,030

-5,032

-4,039

-608

-10,594

-17,121

-31,615

-18,060

-20,625

-14,496

-14,683

-18,639

-15,832

-13,301

-5,616

-8,122

-7,753

-11,518

-14,708

-19,679

-10,197

-10,205

-8,342

-12,923

-11,462

-7,391

-7,532

-2,188

3,014

8,678

8,694

7,385

7,814

5,812

8,772

11,214

10,687

5,897

9,130

7,108

7,533

11,895

10,355

8,032

7,801

4,558

5,568

6,858

9,541

2,081

-12,000

-3,778

4,739

25,926

25,471

16,358

11,467

11,661

8,441

7,674

3,814

3,666

765

102

-24,688

-25,680

-28,338

-32,312

-30,567

1,463

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
375,241
329,902
320,245
303,424
255,575
210,681
196,545
149,082
64,969
0
0
3,425
17,111
18,812
23,594
49,074
41,289
46,415
45,479
45,479
50,662
65,586
17,571
36,435
0
15,380
42,032
36,435
37,459
51,426
61,331
72,663
113,827
89,077
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

89,077

113,827

72,663

61,331

51,426

37,459

36,435

42,032

15,380

36,435

17,571

65,586

50,662

45,479

46,415

41,289

49,074

23,594

18,812

17,111

3,425

64,969

149,082

196,545

210,681

255,575

303,424

320,245

329,902

375,241

Treasury Stock

-1,473,107

Other Stockholders Equity

0
0
0
6,993
0
0
0
48,731
54,856
300,963
301,329
308,354
293,174
304,559
315,327
323,449
341,400
352,740
365,907
375,830
392,999
407,599
424,502
434,907
443,235
449,952
466,297
478,979
482,505
439,328
397,525
329,902
320,245
303,424
255,575
210,681
196,545
149,082
64,969
-18
-37
3,425
17,111
18,812
23,594
49,074
41,289
46,415
-2,188
45,479
50,662
65,586
17,571
101
101
15,380
42,032
36,435
37,459
51,426
61,331
72,663
113,827
89,077
66,127
101
100
99
-22,823
99
99
99
406
100
100
100
6,253
100
99
98
94
95
95
94
-36,984
0

-36,984

100

6,253

100

406

-22,823

100

101

66,127

89,077

113,827

72,663

61,331

51,426

37,459

36,435

42,032

15,380

101

17,571

65,586

50,662

45,479

-2,188

46,415

41,289

49,074

23,594

18,812

17,111

3,425

-37

-18

64,969

149,082

196,545

210,681

255,575

303,424

320,245

329,902

397,525

439,328

482,505

478,979

466,297

449,952

443,235

434,907

424,502

407,599

392,999

375,830

365,907

352,740

341,400

323,449

315,327

304,559

293,174

308,354

301,329

300,963

54,856

48,731

6,993

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30
Accounts Payable	20,925	14,171	17,779	12,617	15,212	21,922	14,373	17,544	20,710	15,898	10,695	14,831	127,922	148,214	113,822	10,137	9,281	4,581	6,539	6,540	9,581	-	-
Accumulated Amortization	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	-	-
Accumulated Other Comprehensive Income	-36,984	-51,641	-10,030	-10,594	-20,625	-15,832	-7,753	-10,197	-11,462	3,014	7,814	10,687	7,533	7,801	9,541	4,739	11,467	3,814	-24,688	-30,567	1,463	-	-
Additional Paid In Capital	0	0	0	0	0	66,127	61,331	42,032	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Lease Obligations	50,648	50,942	72,118	81,137	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Stock	94	94	100	99	99	102	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Surpluse	0	0	0	0	0	66,127	61,331	42,032	17,571	46,415	18,812	0	210,681	329,902	0	0	0	0	0	0	0	-	-
Cash	745,364	620,127	1,225,380	1,071,876	797,210	918,063	627,017	516,112	531,926	568,472	454,397	492,600	551,512	545,861	451,678	394,761	368,467	412,487	372,403	78,711	61,922	-	22,602
Cash And Equivalents	0	620,127	1,225,380	1,071,876	797,210	918,063	627,017	516,112	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Cash And Short Term Investments	884,512	809,340	1,264,219	1,118,824	916,356	1,096,201	874,774	637,741	670,827	799,680	594,664	795,293	942,793	848,130	735,486	514,428	599,684	485,699	372,403	78,711	61,922	-	22,602
Common Stock	94	94	100	99	99	102	101	101	102	103	102	103	110	112	113	112	110	107	104	87	85	-	-
Common Stock Shares Outstanding	97,588	101,983	104,622	102,944	104,572	106,978	103,286	102,424	103,862	103,632	102,788	107,541	112,554	115,388	115,367	114,781	113,573	111,658	104,220	92,783	86,084	85,008	85,000
Common Stock Total Equity	0	94	100	99	99	102	101	101	102	100	100	100	110	100	100	100	100	100	104	87	85	-	-
Current Deferred Revenue	31,505	18,588	18,473	15,436	19,991	23,931	23,150	24,180	19,284	12,496	20,931	23,493	26,701	9,647	37,204	37,344	13,522	6,358	3,268	2,562	2,736	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	190,915	166,790	46,178	41,746	43,291	22,634	14,779	19,948	0	0	0	0	0	0	0	-	-
Deferred Long Term Liab	0	0	0	0	0	40,064	36,425	35,366	30,581	19,279	19,663	20,888	16,197	24,322	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	-	-
Good Will	408,409	365,147	340,694	489,376	515,720	327,982	311,087	309,616	307,708	277,574	279,724	281,375	263,260	264,580	261,121	250,356	39,364	23,188	23,865	22,030	8,712	-	-
Intangible Assets	167,427	112,265	122,890	152,431	180,891	184,019	189,648	215,342	127,507	63,700	41,315	56,526	51,573	67,019	82,035	83,060	35,389	14,954	41,049	28,808	14,346	-	-
Inventory	35,623	23,549	10,965	25,550	32,331	26,206	25,051	16,354	13,872	8,536	10,093	16,700	26,244	28,338	12,975	18,133	14,883	11,104	11,722	7,163	4,234	-	-
Liabilities And Stockholders Equity	2,979,766	2,689,548	3,105,687	2,917,325	2,821,749	2,659,269	2,533,554	2,310,106	2,133,293	1,984,012	1,737,945	1,960,798	1,884,387	1,711,772	1,581,315	1,336,146	991,697	739,288	586,277	261,866	202,707	-	125,635
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,825	7,782	9,691	10,893	12,124	13,580	14,548	-	-
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	-	-
Long Term Investments	97,812	102,514	62,819	52,149	179,587	187,782	314,364	393,904	321,015	296,335	306,338	361,614	272,797	190,837	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	-	-
Net Debt	-694,716	-569,185	-1,153,262	-990,739	-797,210	-918,063	-627,017	-516,112	-531,926	-568,472	-454,397	-492,600	-551,512	-545,861	-444,229	-385,386	-357,213	-400,153	-358,933	-63,841	-46,324	-	-22,602
Net Invested Capital	2,355,100	2,246,183	2,597,979	2,432,643	2,307,351	2,189,551	2,136,742	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Receivables	444,375	419,686	414,925	341,697	384,766	137,151	73,750	75,688	101,563	86,168	97,460	43,495	61,815	54,257	22,981	27,650	28,165	24,921	33,242	24,430	15,799	-	-
Net Tangible Assets	1,779,264	1,768,771	2,134,395	1,943,267	1,791,631	1,851,935	1,636,007	1,445,298	1,371,853	1,368,743	1,160,071	1,382,368	1,348,680	1,142,138	0	0	0	0	0	0	0	-	-
Net Working Capital	1,065,578	1,033,376	1,444,781	1,280,087	1,074,687	1,029,827	765,661	546,647	709,187	816,481	639,907	813,446	999,213	894,657	744,254	491,196	590,214	479,778	381,394	80,281	54,213	-	-
Non Current Assets Total	1,491,962	1,378,654	1,345,189	1,370,129	1,440,209	1,357,315	1,522,120	1,550,376	1,214,963	978,161	925,223	990,512	725,789	651,359	680,477	644,277	258,279	166,656	132,089	117,109	97,115	-	-
Non Current Liabilities Other	108,339	100,122	185,738	211,811	37,673	18,319	107,514	82,922	77,024	43,715	45,441	39,837	23,455	27,015	0	0	0	0	0	0	0	-	-
Non Current Liabilities Total	185,356	161,010	185,738	211,811	201,866	191,024	143,939	118,288	110,198	62,994	65,104	60,725	39,652	51,337	61,626	64,122	29,058	32,235	34,080	36,863	41,423	-	-
Non Currrent Assets Other	94,674	55,149	61,257	91,245	93,395	42,280	30,831	21,068	9,464	9,051	11,638	13,687	6,273	14,878	15,450	17,050	12,357	7,510	7,797	9,299	11,129	-	-
Noncontrolling Interest In Consolidated Entity	0	4,837	6,253	5,762	0	0	7,100	8,479	8,939	21,631	18,916	22,964	21,837	20,942	0	0	0	0	0	0	0	-	-
Other Assets	296,534	238,717	217,277	210,126	207,470	154,846	221,746	187,858	152,743	50,797	54,929	36,321	21,052	34,826	39,205	41,950	24,750	18,610	14,578	15,724	13,290	-	-
Other Current Assets	50,692	23,224	62,737	53,022	39,704	35,209	30,508	26,302	32,031	22,880	32,124	33,832	127,746	129,688	129,396	131,658	90,686	50,908	36,821	34,453	23,637	-	-
Other Current Liab	356,168	231,502	264,062	223,234	271,650	226,274	208,250	171,359	169,149	160,976	141,189	118,516	4,762	7,895	3,934	151,599	118,838	80,474	61,641	54,084	38,012	-	-
Other Liab	148,336	123,325	129,023	146,496	201,866	209,686	143,939	118,288	107,605	62,994	65,104	58,029	38,981	39,790	42,228	39,585	19,367	21,342	21,956	23,283	26,875	-	-
Other Stockholder Equity	-36,984	94	100	406	99	66,127	61,331	42,032	17,571	46,415	18,812	-18	210,681	350,844	478,979	434,907	375,830	323,449	308,354	48,731	6,993	-	-
Preferred Stock Redeemable	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	-	-
Property Plant And Equipment Gross	521,780	560,011	601,509	618,478	537,432	514,182	485,275	443,656	403,091	289,800	242,900	254,700	117,107	94,100	92,200	87,900	85,600	77,000	76,462	72,333	65,706	-	-
Property Plant And Equipment Net	521,780	560,011	601,509	618,478	537,432	514,182	485,275	443,656	403,091	289,755	242,917	254,676	117,107	94,097	92,178	87,915	85,552	76,995	76,462	72,333	65,706	-	-
Property Plant Equipment	521,780	560,011	534,381	541,963	537,432	514,182	485,275	443,656	403,091	289,755	242,917	254,676	117,107	94,097	92,178	87,915	85,552	76,995	76,462	72,333	65,706	-	-
Retained Earnings	2,391,990	2,297,730	2,607,909	2,443,138	2,327,877	2,139,154	2,083,063	1,938,320	1,798,802	1,660,485	1,454,382	1,709,479	1,445,189	1,135,922	852,475	609,495	409,749	266,918	177,369	125,076	85,234	-	-
Retained Earnings Total Equity	0	2,297,730	2,607,909	2,443,138	0	2,139,154	2,083,063	1,938,320	1,800,857	1,660,485	1,454,382	1,709,479	1,445,189	1,135,922	0	0	0	0	0	0	0	-	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Short Long Term Debt Total	50,648	50,942	72,118	81,137	0	0	0	0	0	0	0	0	0	0	7,449	9,375	11,254	12,334	13,470	14,870	15,598	-	-
Short Term Debt	13,628	13,257	15,403	15,822	0	0	0	0	0	0	0	0	0	0	1,624	1,593	1,563	1,441	1,346	1,290	1,050	-	-
Short Term Investments	139,148	189,213	38,839	46,948	119,146	178,138	247,757	121,629	138,901	231,208	140,267	302,693	391,281	302,269	283,808	119,667	231,217	73,212	205	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	-	-
Total Assets	2,979,766	2,689,548	3,105,687	2,917,325	2,821,749	2,659,269	2,533,554	2,310,106	2,133,293	1,984,012	1,737,945	1,960,798	1,884,387	1,711,772	1,581,315	1,336,146	991,697	739,288	586,277	261,866	202,707	-	125,635
Total Current Assets	1,487,804	1,310,894	1,760,498	1,547,196	1,381,540	1,301,954	1,011,434	759,730	918,330	1,005,851	812,722	970,286	1,158,598	1,060,413	900,838	691,869	733,418	572,632	454,188	144,757	105,592	-	22,602
Total Current Liabilities	422,226	277,518	315,717	267,109	306,853	272,127	245,773	213,083	209,143	189,370	172,815	156,840	159,385	165,756	156,584	200,673	143,204	92,854	72,794	64,476	51,379	-	-
Total Liab	607,582	438,528	501,455	478,920	508,719	463,151	389,712	331,371	319,341	252,364	237,919	217,565	199,037	217,093	218,210	264,795	172,262	125,089	106,874	101,339	92,802	-	-
Total Permanent Equity	0	0	0	0	0	2,196,118	2,143,842	1,978,735	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Stockholder Equity	2,355,100	2,246,183	2,597,979	2,432,643	2,307,351	2,189,551	2,136,742	1,970,256	1,805,013	1,710,017	1,481,110	1,720,269	1,663,513	1,494,679	1,341,108	1,049,253	797,156	594,288	461,139	143,327	93,775	-	60,645
Treasury Stock	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	-	-

	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	2014-11-17	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
Accounts Payable	14,395	20,925	15,395	17,170	17,361	14,171	16,821	11,373	19,104	17,779	12,187	8,385	13,631	12,617	10,047	9,041	13,700	15,212	14,304	14,626	9,811	21,922	16,970	18,200	14,408	14,373	12,728	10,062	11,541	17,544	14,762	17,632	12,207	20,710	27,566	14,130	9,973	171,087	15,898	11,626	10,312	7,490	10,695	8,845	6,673	9,900	14,831	124,192	113,689	106,558	10,887	5,621	136,216	122,111	3,606	13,284	10,678	122,090	12,921	110,709	10,060	11,060	10,137	8,431	6,885	11,154	9,281	29,435	5,404	5,086	4,581	33,912	71,779	65,487	6,539	71,271	70,080	14,303	6,540	0	0	0	9,581	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	0	-36,984	-31,163	-27,426	-31,875	-51,641	-30,426	-15,681	-11,521	-10,030	-5,032	-4,039	-608	-10,594	-17,121	-31,615	-18,060	-20,625	-14,496	-14,683	-18,639	-15,832	-13,301	-5,616	-8,122	-7,753	-11,518	-14,708	-19,679	-10,197	-10,205	-8,342	-12,923	-11,462	-7,391	-7,532	-2,188	3,014	3,014	8,678	8,694	7,385	7,814	5,812	8,772	11,214	10,687	5,897	9,130	7,108	7,533	11,895	10,355	8,032	7,801	4,558	5,568	6,858	9,541	2,081	-12,000	-3,778	4,739	25,926	25,471	16,358	11,467	11,661	8,441	7,674	3,814	3,666	765	102	-24,688	-25,680	-28,338	-32,312	-30,567	0	0	0	1,463	0	0	0
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	66,127	89,077	113,827	72,663	61,331	51,426	37,459	36,435	42,032	15,380	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,473,107	0	0	0	0	0	0	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	47,241	50,648	50,064	47,868	47,422	50,942	58,588	63,604	67,927	72,118	76,609	76,478	80,073	81,137	81,507	81,836	73,589	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	94	94	94	95	95	94	98	99	100	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	89,077	113,827	72,663	61,331	51,426	37,459	36,435	42,032	15,380	0	36,435	17,571	65,586	50,662	45,479	45,479	46,415	41,289	49,074	23,594	18,812	17,111	3,425	0	0	64,969	149,082	196,545	210,681	255,575	303,424	320,245	329,902	375,241	0	0	0	0	0	0	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	656,816	745,364	765,079	688,443	626,158	620,127	858,905	900,393	1,056,686	1,225,380	1,219,648	1,104,570	1,110,024	1,071,876	855,103	724,931	741,429	797,210	716,560	726,596	790,787	918,063	829,621	705,519	596,390	627,017	592,616	532,508	512,838	516,112	599,991	521,202	467,099	531,926	470,868	513,994	409,115	568,472	568,472	590,097	568,899	484,640	454,397	408,561	328,508	316,193	492,600	670,408	747,988	654,414	551,512	594,604	520,268	433,638	545,861	519,098	417,349	406,238	451,678	363,376	372,528	402,434	394,761	369,907	347,502	280,246	368,467	325,909	337,401	409,265	412,487	373,421	450,583	404,502	372,403	361,551	350,650	94,087	78,711	0	0	0	61,922	0	0	0
Cash And Equivalents	0	0	765,079	688,443	626,158	620,127	858,905	900,393	1,056,686	1,225,380	1,219,648	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	884,512	889,289	814,836	759,033	809,340	1,015,717	1,042,081	1,137,304	1,264,219	1,267,925	1,163,152	1,162,285	1,118,824	1,044,486	899,790	911,663	916,356	837,297	885,275	966,344	1,096,201	1,024,905	946,016	848,997	874,774	840,281	727,505	677,656	637,741	718,769	625,469	606,243	670,827	636,701	702,158	620,558	622,598	799,680	771,543	737,981	664,046	594,664	517,903	452,923	434,874	795,293	992,807	1,098,723	1,021,826	942,793	903,671	787,086	704,231	848,130	822,869	799,446	779,005	735,486	574,655	566,071	583,557	514,428	419,459	376,407	480,973	599,684	536,457	532,393	528,394	485,699	447,597	450,583	404,502	372,403	361,551	350,650	94,087	78,711	0	0	0	61,922	0	0	0
Common Stock	0	94	94	95	95	94	98	99	100	100	100	100	100	99	99	99	99	99	99	100	101	102	103	102	102	101	101	101	100	101	102	101	101	102	104	103	103	103	103	103	103	103	102	102	102	102	103	105	107	109	110	111	112	112	112	113	113	114	113	113	113	112	112	113	112	111	110	110	109	108	107	107	106	105	104	104	103	87	87	0	0	0	85	0	0	0
Common Stock Shares Outstanding	95,851	97,678	97,459	97,298	97,047	98,461	101,474	102,707	103,801	104,369	104,633	104,581	103,876	102,722	102,075	102,773	103,078	102,945	103,717	104,587	106,130	106,794	106,950	107,001	102,552	103,530	104,222	103,883	103,876	103,766	102,677	101,555	101,931	103,059	104,105	103,904	104,275	0	104,116	103,942	103,934	103,192	102,976	103,031	102,680	103,523	104,915	107,202	109,170	109,443	112,300	112,349	113,346	113,713	114,300	115,282	115,995	116,138	115,800	115,528	115,059	114,870	115,000	114,875	114,736	114,700	114,100	113,696	113,412	112,767	112,200	111,983	111,387	110,190	104,200	112,750	105,544	97,819	85,707	95,306	90,986	90,518	85,006	85,006	85,010	85,017
Common Stock Total Equity	0	0	94	95	95	94	98	99	100	100	100	100	100	99	99	99	99	99	99	100	101	100	100	100	100	100	101	101	100	101	100	100	100	100	100	100	100	103	100	100	100	100	100	100	100	100	100	100	100	100	110	100	100	112	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	107	106	100	104	100	103	87	87	0	0	0	85	0	0	0
Current Deferred Revenue	0	31,505	36,586	22,963	22,356	18,588	21,216	22,109	21,426	18,473	18,201	20,029	21,202	15,436	18,025	19,745	19,785	19,991	19,435	22,451	19,562	23,931	21,436	22,542	23,449	23,150	22,835	23,940	24,405	24,180	22,530	22,321	21,992	19,284	18,016	16,371	21,236	0	12,496	13,167	12,640	15,165	20,931	23,233	20,547	22,656	23,493	25,099	26,718	24,412	26,701	12,976	10,575	8,065	9,647	12,041	17,290	28,294	37,204	35,110	25,372	39,481	37,344	30,894	24,594	18,358	13,522	11,927	10,350	7,559	6,358	5,701	4,558	5,121	3,268	2,865	2,544	2,355	2,562	0	0	0	2,736	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	123,284	0	109,208	113,409	107,313	0	143,949	141,580	139,658	190,915	178,466	176,288	171,388	166,790	149,633	149,272	171,388	46,178	56,217	55,340	48,212	48,212	41,746	46,200	44,877	41,265	43,291	36,591	30,988	24,362	22,634	22,157	20,337	20,390	14,779	18,811	17,657	20,593	19,948	29,272	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
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	40,064	37,775	37,430	36,792	36,425	36,123	35,651	34,603	35,366	34,903	35,652	33,813	30,581	29,661	29,678	23,203	23,203	19,279	19,471	20,178	19,532	19,663	19,073	21,858	21,607	20,888	17,493	16,990	17,763	16,197	15,471	14,445	14,082	24,322	24,677	0	0	0	0	0	0	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
Good Will	410,435	408,409	426,307	370,134	369,385	365,147	368,282	371,738	339,897	340,694	338,385	338,235	483,401	489,376	335,694	332,979	335,443	515,720	525,240	513,750	326,856	327,982	314,317	316,558	311,186	311,087	309,911	308,751	307,121	309,616	309,020	309,880	308,374	307,708	312,454	312,869	315,791	277,574	277,574	279,966	279,871	279,059	279,724	278,718	280,979	281,763	281,375	263,536	264,750	263,780	263,260	268,009	267,255	266,236	264,580	258,853	259,514	258,868	261,121	250,582	225,548	236,687	250,356	273,552	272,542	258,967	39,364	41,908	24,524	24,331	23,188	23,188	22,669	23,245	23,865	23,200	23,200	23,159	22,030	0	0	0	8,712	0	0	0
Intangible Assets	159,894	167,427	177,334	98,876	105,912	112,265	119,251	126,281	125,804	122,890	129,214	136,944	144,688	152,431	160,069	167,917	175,981	180,891	189,304	187,029	189,476	184,019	185,140	191,340	195,205	189,648	196,494	203,723	206,862	215,342	222,868	216,082	224,151	127,507	117,726	106,369	108,220	63,700	63,700	50,225	46,772	37,996	41,315	44,736	48,489	52,913	56,526	42,115	44,816	47,922	51,573	55,463	61,804	67,340	67,019	69,322	72,297	77,595	82,035	81,694	79,218	86,714	83,060	90,751	93,863	93,672	35,389	33,028	14,625	14,426	14,954	15,512	16,043	39,821	41,049	40,793	41,309	41,000	28,808	0	0	0	14,346	0	0	0
Inventory	37,568	35,623	32,398	30,353	26,111	23,549	24,096	16,623	13,144	10,965	12,143	14,881	20,108	25,550	29,330	28,331	29,104	32,331	38,908	34,632	27,765	26,206	23,932	24,066	24,862	25,051	19,950	17,697	14,773	16,354	18,544	17,259	14,237	13,872	20,070	23,761	28,291	8,536	8,536	9,185	9,569	8,253	10,093	12,795	19,487	21,023	16,700	12,760	16,562	33,515	26,244	23,416	31,382	27,799	28,338	16,989	10,446	9,493	12,975	9,986	14,113	16,316	18,133	22,000	20,153	14,585	14,883	14,091	13,212	11,585	11,104	11,957	13,146	10,409	11,722	9,143	8,195	8,446	7,163	0	0	0	4,234	0	0	0
Liabilities And Stockholders Equity	0	2,979,766	3,007,938	2,836,133	2,748,523	2,689,548	2,919,936	3,062,990	3,104,921	3,105,687	3,135,136	3,106,290	3,096,854	2,917,325	2,903,906	2,944,833	2,893,284	2,821,749	2,809,808	2,843,951	2,823,060	2,659,269	2,669,819	2,606,639	2,514,709	2,533,554	2,473,106	2,387,797	2,330,703	2,310,106	2,263,353	2,158,851	2,113,604	2,133,293	2,151,635	2,114,604	2,022,419	2,022,419	1,984,012	1,938,776	1,896,555	1,765,625	1,737,945	1,667,450	1,626,505	1,551,950	1,960,798	1,953,555	1,985,400	1,939,120	1,884,387	1,831,227	1,825,968	1,760,131	1,711,772	1,703,186	1,699,460	1,676,443	1,581,315	1,508,749	1,423,900	1,401,212	1,336,146	1,275,607	1,191,268	1,126,631	991,697	923,700	859,302	795,613	739,288	693,860	661,696	613,771	586,277	564,002	549,941	286,607	261,866	0	0	0	202,707	0	0	0
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	4,470	4,880	5,407	5,825	6,315	6,453	6,887	7,782	8,408	8,810	9,209	9,691	10,037	10,351	10,697	10,893	11,270	11,437	11,679	12,124	12,471	13,131	13,486	13,580	0	0	0	14,548	0	0	0
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,470	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	92,876	97,812	98,103	100,797	124,024	102,514	106,726	124,142	120,988	62,819	54,155	42,188	49,337	52,149	74,768	127,294	141,720	179,587	211,352	199,302	201,428	187,782	243,179	262,062	303,501	314,364	303,320	326,800	350,360	393,904	266,431	268,091	350,360	321,015	373,498	330,298	318,448	318,448	296,335	313,505	304,376	293,719	306,338	335,371	327,946	308,277	361,614	295,950	209,804	247,273	272,797	280,380	347,092	367,727	190,837	222,664	0	0	0	0	0	0	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
Net Debt	0	-694,716	-715,015	-640,575	-578,736	-569,185	-800,317	-836,789	-988,759	-1,153,262	-1,143,039	-1,028,092	-1,029,951	-990,739	-773,596	-643,095	-667,840	-797,210	-716,560	-726,596	-790,787	-918,063	-829,621	-705,519	-596,390	-627,017	-592,616	-532,508	-512,838	-516,112	-599,991	-521,202	-467,099	-531,926	-470,868	-513,994	-409,115	0	-568,472	-590,097	-568,899	-484,640	-454,397	-408,561	-328,508	-316,193	-492,600	-670,408	-747,988	-654,414	-551,512	-594,604	-520,268	-433,638	-545,861	-512,953	-410,822	-399,183	-444,229	-355,446	-364,535	-394,020	-385,386	-359,892	-337,101	-269,466	-357,213	-314,344	-325,544	-397,085	-400,153	-360,735	-437,771	-391,471	-358,933	-347,751	-336,172	-79,287	-63,841	0	0	0	-46,324	0	0	0
Net Invested Capital	2,345,848	2,355,100	2,366,238	2,350,784	2,287,578	2,246,183	2,454,361	2,599,772	2,637,754	2,597,979	2,621,515	2,587,931	2,565,162	2,432,643	2,431,367	2,364,059	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	293,228	444,375	459,450	558,577	505,520	419,686	406,631	486,109	468,258	414,925	441,664	516,884	481,487	341,697	375,951	470,782	396,636	384,766	414,097	456,631	381,094	137,151	149,582	141,257	122,917	73,750	82,102	88,216	81,393	75,688	91,637	102,083	89,935	101,563	103,921	98,562	117,240	204,177	86,168	95,259	109,143	75,949	97,460	74,528	91,201	51,797	43,495	46,034	57,762	54,211	61,815	49,224	73,657	68,638	54,257	47,650	44,427	43,507	22,981	49,817	45,245	23,667	27,650	45,933	43,399	37,955	28,165	45,896	45,659	18,472	24,921	37,462	30,580	31,625	33,242	19,497	19,194	12,432	24,430	0	0	0	15,799	0	0	0
Net Tangible Assets	0	1,779,264	2,366,238	2,350,784	2,287,578	1,768,771	2,454,361	2,599,772	2,172,053	2,134,395	2,153,916	2,587,931	2,565,162	1,943,267	2,431,367	2,364,059	1,821,866	1,791,631	1,789,281	1,833,274	1,826,973	1,677,550	1,682,043	1,639,531	1,543,316	1,636,007	1,609,163	1,524,168	1,480,351	1,445,298	1,399,917	1,319,399	1,480,351	1,371,853	1,392,697	1,363,341	1,310,997	1,310,997	1,368,743	1,334,423	1,305,993	1,212,924	1,160,071	1,108,158	1,061,202	993,101	1,382,368	1,423,317	1,455,221	1,410,408	1,348,680	1,310,227	1,289,202	1,217,122	1,142,138	1,122,648	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1,057,259	1,065,578	1,046,329	1,148,585	1,058,968	1,033,376	1,219,234	1,340,611	1,411,855	1,444,781	1,463,911	1,442,171	1,408,252	1,280,087	1,245,733	1,152,318	1,107,549	1,074,687	1,060,478	1,134,432	1,129,218	1,029,827	998,621	941,516	812,329	765,661	764,910	658,615	603,845	546,647	659,852	587,800	541,406	709,187	686,171	720,866	699,835	816,481	816,481	801,777	790,912	708,780	639,907	562,296	524,707	474,093	813,446	1,016,593	1,144,207	1,079,418	999,213	957,300	874,823	779,727	894,657	840,622	811,329	772,430	744,254	589,817	577,555	548,065	491,196	441,340	390,169	455,612	590,214	545,183	542,231	515,281	479,778	455,576	449,970	409,756	381,394	356,070	339,352	77,413	80,281	0	0	0	54,213	0	0	0
Non Current Assets Total	1,484,174	1,491,962	1,538,573	1,373,537	1,399,108	1,378,654	1,415,217	1,441,420	1,409,776	1,345,189	1,362,260	1,355,142	1,372,183	1,370,129	1,400,471	1,485,261	1,492,276	1,440,209	1,470,991	1,415,093	1,399,257	1,357,315	1,430,886	1,451,974	1,479,198	1,522,120	1,494,796	1,516,126	1,519,687	1,550,376	1,391,424	1,372,564	1,375,663	1,214,963	1,256,106	1,172,586	1,130,261	1,130,261	978,161	951,826	929,161	906,814	925,223	952,910	949,424	933,392	990,512	784,524	691,395	710,070	725,789	737,311	803,533	836,074	651,359	690,948	724,426	722,102	680,477	770,601	698,413	661,900	644,277	655,621	641,839	497,447	258,279	255,606	209,111	183,824	166,656	155,377	129,995	130,476	132,089	132,467	134,271	135,775	117,109	0	0	0	97,115	0	0	0
Non Current Liabilities Other	26,260	108,339	202,179	166,130	165,551	100,122	174,926	176,843	102,378	185,738	24,832	203,093	209,218	211,811	209,307	268,302	261,124	37,673	211,193	228,644	179,521	0	203,813	202,082	198,811	107,514	101,204	95,932	88,271	82,922	76,053	70,664	88,271	77,024	72,633	64,715	55,793	55,793	43,715	47,968	46,713	46,292	45,441	46,271	43,740	40,078	39,837	32,562	31,445	27,637	23,455	23,274	23,775	29,867	27,015	29,316	0	0	0	0	0	0	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	179,123	185,356	202,179	166,130	165,551	161,010	174,926	176,843	179,110	185,738	198,357	203,093	209,218	211,811	209,307	268,302	261,124	201,866	211,193	196,668	179,521	191,024	241,588	239,512	235,603	143,939	137,327	131,583	122,874	118,288	110,956	106,316	104,887	110,198	102,294	94,393	78,996	78,996	62,994	67,439	66,891	65,824	65,104	65,344	65,598	61,685	60,725	50,055	48,435	45,400	39,652	38,745	38,220	43,949	51,337	58,463	61,364	61,195	61,626	61,581	60,699	62,729	64,122	62,785	61,946	63,850	29,058	35,695	32,945	32,358	32,235	30,391	33,123	34,069	34,080	34,650	36,855	37,304	36,863	0	0	0	41,423	0	0	0
Non Currrent Assets Other	96,980	94,674	86,209	47,102	52,080	55,149	65,841	57,464	61,331	61,257	85,356	87,546	86,825	91,245	100,901	97,353	95,282	93,395	100,550	50,991	50,991	42,280	42,260	39,453	36,475	30,831	30,252	29,469	24,247	21,068	15,247	12,985	11,894	9,464	9,763	9,342	9,341	9,341	9,051	9,541	10,295	11,063	11,638	11,827	12,005	11,716	13,687	20,639	16,171	7,169	6,273	6,314	6,135	15,069	14,878	15,351	15,496	15,176	15,450	24,873	24,184	23,271	198,046	13,188	13,033	12,541	85,581	8,151	8,668	7,797	40,419	31,086	7,038	15,397	7,797	8,299	8,122	11,869	9,299	0	0	0	11,129	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	16,485	5,208	4,947	4,837	5,164	5,416	4,767	6,253	6,299	6,289	6,055	5,762	5,530	5,218	5,411	0	5,755	5,833	5,649	0	6,419	6,549	6,217	7,100	6,811	6,516	6,324	8,479	8,515	8,687	6,324	8,939	17,106	16,480	16,092	16,092	21,631	21,550	20,546	19,791	18,916	18,250	17,863	18,023	22,964	22,094	22,380	21,978	21,837	22,167	21,875	21,154	20,942	22,284	0	0	0	0	0	0	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	296,534	295,890	250,988	244,264	238,717	249,386	232,702	226,240	217,277	230,460	223,097	345,232	210,126	204,916	226,605	218,566	207,470	209,758	200,497	158,304	143,350	186,209	181,033	986,025	1,036,845	1,018,443	1,045,031	1,059,978	1,106,720	963,199	956,310	965,600	811,872	869,658	814,218	800,012	0	688,406	699,437	686,191	663,102	682,306	707,243	700,407	679,031	735,836	644,397	555,878	586,534	608,682	628,977	699,943	736,965	557,262	595,462	623,546	623,810	588,299	680,024	611,518	577,091	556,362	569,846	557,274	412,368	172,727	174,149	129,415	106,645	89,661	78,576	54,958	55,218	55,627	55,904	56,243	59,538	44,776	0	0	0	31,409	0	0	0
Other Current Assets	25,820	50,692	28,598	53,853	24,941	23,224	21,485	33,219	68,693	62,737	24,602	27,227	51,390	53,022	23,353	23,353	23,105	39,704	41,030	44,050	39,601	35,209	32,672	35,244	31,105	30,508	29,790	32,501	32,119	26,302	37,306	36,198	23,195	32,031	45,551	34,523	37,092	37,092	22,880	22,446	24,377	25,584	32,124	30,200	29,432	28,203	33,832	117,430	120,958	119,498	127,746	6,233	130,310	123,389	129,688	124,730	120,715	122,336	129,396	103,690	100,058	115,772	131,658	132,594	109,470	95,671	90,686	71,650	58,927	53,338	50,908	41,467	37,392	36,759	36,821	41,344	37,631	35,867	34,453	0	0	0	23,637	0	0	0
Other Current Liab	0	356,168	357,543	261,253	237,529	231,502	233,117	232,064	227,448	264,062	262,935	265,250	265,769	223,234	213,312	261,055	244,370	271,650	244,600	257,349	265,212	226,274	201,906	172,407	185,325	208,250	177,837	179,054	171,225	171,359	174,785	158,534	162,336	169,149	163,776	190,651	161,114	21,236	160,976	160,380	153,530	127,376	141,189	120,166	125,154	111,909	118,516	3,147	9,391	18,662	121,797	118,019	821	14,154	152,503	144,616	134,090	29,879	104,835	897	110,960	139,179	151,599	137,714	126,190	142,489	118,838	80,021	90,700	82,380	80,474	41,878	4,019	1,579	61,641	35,777	2,347	55,447	54,084	0	0	0	38,012	0	0	0
Other Liab	0	148,336	165,627	0	131,330	123,325	130,669	128,652	126,495	129,023	137,390	141,928	144,962	146,496	144,118	203,879	203,139	201,866	211,193	228,644	179,521	191,024	241,588	239,512	235,603	143,939	137,327	131,583	122,874	118,288	110,956	106,316	104,887	107,605	102,294	94,393	78,996	0	62,994	67,439	66,891	65,824	65,104	65,344	62,907	58,971	58,029	49,440	47,777	44,761	38,981	38,124	37,614	43,390	39,790	41,074	43,565	42,525	42,228	40,043	39,905	40,615	39,585	35,392	34,135	36,947	19,367	19,346	22,594	21,661	21,342	19,121	21,686	22,390	21,956	22,179	23,723	23,818	23,283	0	0	0	26,875	0	0	0
Other Stockholder Equity	0	-36,984	94	95	95	94	98	99	100	6,253	100	100	100	406	99	99	99	-22,823	99	100	101	66,127	89,077	113,827	72,663	61,331	51,426	37,459	36,435	42,032	15,380	101	101	17,571	65,586	50,662	45,479	-2,188	46,415	41,289	49,074	23,594	18,812	17,111	3,425	-37	-18	64,969	149,082	196,545	210,681	255,575	303,424	320,245	329,902	397,525	439,328	482,505	478,979	466,297	449,952	443,235	434,907	424,502	407,599	392,999	375,830	365,907	352,740	341,400	323,449	315,327	304,559	293,174	308,354	301,329	300,963	54,856	48,731	0	0	0	6,993	0	0	0
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
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	1,473,107	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	1,109,340	521,780	501,666	508,021	512,168	560,011	517,870	527,623	533,706	0	610,046	614,678	543,550	618,478	625,024	630,466	620,566	537,432	524,641	537,641	523,193	514,200	502,000	501,000	493,200	485,300	476,353	471,095	459,700	443,656	428,200	416,300	410,100	403,100	386,400	358,400	330,200	289,755	289,800	252,400	243,000	243,700	242,900	245,700	249,000	254,400	254,700	140,100	135,500	123,500	117,107	108,300	103,600	99,109	94,100	95,500	100,900	98,300	92,200	90,600	86,900	84,800	87,900	85,800	84,600	85,100	85,600	81,500	79,700	77,200	77,000	76,801	75,037	75,300	76,462	76,600	78,028	76,237	72,333	0	0	0	65,706	0	0	0
Property Plant And Equipment Net	517,322	521,780	540,939	552,742	555,523	560,011	571,572	586,557	596,847	601,509	610,046	614,678	619,010	618,478	625,024	630,466	620,566	537,432	524,641	537,641	523,193	514,182	502,041	500,981	493,173	485,275	476,353	471,095	459,709	443,656	428,225	416,254	410,063	403,091	386,448	358,368	330,249	0	289,755	252,389	242,970	243,712	242,917	245,667	249,017	254,361	254,676	140,127	135,517	123,536	117,107	108,334	103,590	99,109	94,097	95,486	100,880	98,292	92,178	90,577	86,895	84,809	87,915	85,775	84,565	85,079	85,552	81,457	79,696	77,179	76,995	76,801	75,037	75,258	76,462	76,563	78,028	76,237	72,333	0	0	0	65,706	0	0	0
Property Plant Equipment	0	521,780	501,666	508,021	512,168	560,011	517,870	527,623	596,847	534,381	610,046	542,702	543,550	541,963	546,650	551,027	549,495	537,432	524,641	537,641	523,193	514,182	502,041	500,981	493,173	485,275	476,353	471,095	459,709	443,656	428,225	416,254	459,709	403,091	386,448	358,368	330,249	330,249	289,755	252,389	242,970	243,712	242,917	245,667	249,017	254,361	254,676	140,127	135,517	123,536	117,107	108,334	103,590	99,109	94,097	95,486	100,880	98,292	92,178	90,577	86,895	84,809	87,915	85,775	84,565	85,079	85,552	81,457	79,696	77,179	76,995	76,801	75,037	75,258	76,462	76,563	78,028	76,237	72,333	0	0	0	65,706	0	0	0
Retained Earnings	2,367,182	2,391,990	2,397,307	2,378,115	2,319,358	2,297,730	2,484,689	2,615,354	2,649,175	2,607,909	2,626,447	2,591,870	2,565,670	2,443,138	2,448,389	2,395,575	2,351,251	2,327,877	2,328,918	2,361,607	2,361,843	2,139,154	2,105,621	2,039,116	1,985,064	2,083,063	2,075,559	2,013,790	1,977,478	1,938,320	1,926,528	1,853,602	1,816,318	1,798,802	1,764,578	1,739,346	1,691,614	1,691,614	1,660,485	1,614,544	1,574,765	1,498,897	1,454,382	1,408,587	1,378,371	1,316,461	1,709,479	1,657,997	1,606,468	1,518,348	1,445,189	1,366,118	1,304,370	1,222,309	1,135,922	1,070,911	1,007,459	921,561	852,475	808,176	757,030	687,579	609,495	560,936	514,488	457,710	409,749	365,591	335,906	296,811	266,918	241,701	222,617	194,638	177,369	160,561	145,783	135,453	125,076	0	0	0	85,234	0	0	0
Retained Earnings Total Equity	0	0	2,397,307	2,378,115	2,319,358	2,297,730	2,484,689	2,615,354	2,649,175	2,607,909	2,626,447	2,591,870	2,565,670	2,443,138	2,448,389	2,395,575	2,351,251	0	2,328,918	2,361,607	2,361,843	2,139,154	2,105,621	2,039,116	1,985,064	2,083,063	2,075,559	2,013,790	1,977,478	1,938,320	1,926,528	1,853,602	1,816,318	1,800,857	1,764,578	1,739,346	1,691,614	1,691,614	1,660,485	1,614,544	1,574,765	1,498,897	1,454,382	1,408,587	1,378,371	1,316,461	1,709,479	1,657,997	1,606,468	1,518,348	1,445,189	1,366,118	1,304,370	1,222,309	1,135,922	1,070,911	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	50,648	50,064	47,868	47,422	50,942	58,588	63,604	67,927	72,118	76,609	76,478	80,073	81,137	81,507	81,836	73,589	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,145	6,527	7,055	7,449	7,930	7,993	8,414	9,375	10,015	10,401	10,780	11,254	11,565	11,857	12,180	12,334	12,686	12,812	13,031	13,470	13,800	14,478	14,800	14,870	0	0	0	15,598	0	0	0
Short Term Debt	0	13,628	13,512	12,625	13,201	13,257	14,331	15,413	15,312	15,403	15,642	15,313	15,817	15,822	16,318	17,413	15,604	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,675	1,647	1,648	1,624	1,615	1,540	1,527	1,593	1,607	1,591	1,571	1,563	1,528	1,506	1,483	1,441	1,416	1,375	1,352	1,346	1,329	1,347	1,314	1,290	0	0	0	1,050	0	0	0
Short Term Investments	140,823	139,148	124,210	126,393	132,875	189,213	156,812	141,688	80,618	38,839	48,277	58,582	52,261	46,948	189,383	174,859	170,234	119,146	120,737	158,679	175,557	178,138	195,284	240,497	252,607	247,757	247,665	194,997	164,818	121,629	118,778	104,267	139,144	138,901	165,833	188,164	211,443	231,208	231,208	181,446	169,082	179,406	140,267	109,342	124,415	118,681	302,693	322,399	350,735	367,412	391,281	309,067	266,818	270,593	302,269	303,771	382,097	372,767	283,808	211,279	193,543	181,123	119,667	49,552	28,905	200,727	231,217	210,548	194,992	119,129	73,212	74,176	0	0	205	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	1,473,107	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	2,935,529	2,979,766	3,007,938	2,836,133	2,748,523	2,689,548	2,919,936	3,062,990	3,104,921	3,105,687	3,135,136	3,106,290	3,096,854	2,917,325	2,903,906	2,944,833	2,893,284	2,821,749	2,809,808	2,843,951	2,823,060	2,659,269	2,669,819	2,606,639	2,514,709	2,533,554	2,473,106	2,387,797	2,330,703	2,310,106	2,263,353	2,158,851	2,113,604	2,133,293	2,151,635	2,114,604	2,022,419	1,984,012	1,984,012	1,938,776	1,896,555	1,765,625	1,737,945	1,667,450	1,626,505	1,551,950	1,960,798	1,953,555	1,985,400	1,939,120	1,884,387	1,831,227	1,825,968	1,760,131	1,711,772	1,703,186	1,699,460	1,676,443	1,581,315	1,508,749	1,423,900	1,401,212	1,336,146	1,275,607	1,191,268	1,126,631	991,697	923,700	859,302	795,613	739,288	693,860	661,696	613,771	586,277	564,002	549,941	286,607	261,866	0	0	0	202,707	0	0	0
Total Current Assets	1,451,355	1,487,804	1,469,365	1,462,596	1,349,415	1,310,894	1,504,719	1,621,570	1,695,145	1,760,498	1,772,876	1,751,148	1,724,671	1,547,196	1,503,435	1,459,572	1,401,008	1,381,540	1,338,817	1,428,858	1,423,803	1,301,954	1,238,933	1,154,665	1,035,511	1,011,434	978,310	871,671	811,016	759,730	871,929	786,287	737,941	918,330	895,529	942,018	892,158	1,005,851	1,005,851	986,950	967,394	858,811	812,722	714,540	677,081	618,558	970,286	1,169,031	1,294,005	1,229,050	1,158,598	1,093,916	1,022,435	924,057	1,060,413	1,012,238	975,034	954,341	900,838	738,148	725,487	739,312	691,869	619,986	549,429	629,184	733,418	668,094	650,191	611,789	572,632	538,483	531,701	483,295	454,188	431,535	415,670	150,832	144,757	0	0	0	105,592	0	0	0
Total Current Liabilities	394,096	422,226	423,036	314,011	290,447	277,518	285,485	280,959	283,290	315,717	308,965	308,977	316,419	267,109	257,702	307,254	293,459	306,853	278,339	294,426	294,585	272,127	240,312	213,149	223,182	245,773	213,400	213,056	207,171	213,083	212,077	198,487	196,535	209,143	209,358	221,152	192,323	189,370	189,370	185,173	176,482	150,031	172,815	152,244	152,374	144,465	156,840	152,438	149,798	149,632	159,385	136,616	147,612	144,330	165,756	171,616	163,705	181,911	156,584	148,331	147,932	191,247	200,673	178,646	159,260	173,572	143,204	122,911	107,960	96,508	92,854	82,907	81,731	73,539	72,794	75,465	76,318	73,419	64,476	0	0	0	51,379	0	0	0
Total Liab	573,219	607,582	625,215	480,141	455,998	438,528	460,411	457,802	462,400	501,455	507,322	512,070	525,637	478,920	467,009	575,556	554,583	508,719	489,532	491,094	474,106	463,151	481,900	452,661	458,785	389,712	350,727	344,639	330,045	331,371	323,033	304,803	301,422	319,341	311,652	315,545	271,319	252,364	252,364	252,612	243,373	215,855	237,919	217,588	217,972	206,150	217,565	202,493	198,233	195,032	199,037	175,361	185,832	188,279	217,093	230,079	225,069	243,106	218,210	209,912	208,631	253,976	264,795	241,431	221,206	237,422	172,262	158,606	140,905	128,866	125,089	113,298	114,854	107,608	106,874	110,115	113,173	110,723	101,339	0	0	0	92,802	0	0	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,196,118	2,187,919	2,153,978	2,055,924	2,143,842	2,122,379	2,043,158	2,000,658	1,978,735	1,940,320	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,473,107	0	0	0	0	0	0	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	2,345,848	2,355,100	2,366,238	2,350,784	2,287,578	2,246,183	2,454,361	2,599,772	2,637,754	2,597,979	2,621,515	2,587,931	2,565,162	2,432,643	2,431,367	2,364,059	2,333,290	2,307,351	2,314,521	2,347,024	2,343,305	2,189,551	2,181,500	2,147,429	2,049,707	2,136,742	2,115,568	2,036,642	1,994,334	1,970,256	1,931,805	1,845,361	1,803,496	1,805,013	1,822,877	1,782,579	1,735,008	1,735,008	1,710,017	1,664,614	1,632,636	1,529,979	1,481,110	1,431,612	1,390,670	1,327,777	1,720,269	1,728,968	1,764,787	1,722,110	1,663,513	1,633,699	1,618,261	1,550,698	1,473,737	1,473,107	1,452,468	1,411,038	1,341,108	1,276,667	1,195,095	1,127,148	1,049,253	1,011,477	947,670	867,178	797,156	743,269	697,196	645,993	594,288	560,801	528,047	488,019	461,139	436,314	418,511	158,084	143,327	0	0	0	93,775	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,473,107	0	0	0	0	0	0	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

Cash Flow

Currency in USD. All numbers in thousands.

	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-11-17	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30
Begin Period Cash Flow	628,371	1,233,032	1,079,979	805,593	925,250	627,017	516,112	531,926	568,472	568,500	454,397	492,600	551,512	545,861	451,678	394,761	368,467	363,537	372,403	78,711	61,922	37,394
Capital Expenditures	22,154	59,456	54,454	68,987	113,536	85,357	104,867	221,782	194,968	78,718	126,258	30,761	167,699	47,362	38,307	23,565	13,610	15,803	8,039	14,734	12,522	6,750
Cash And Cash Equivalents Changes	0	-587,917	153,053	274,386	0	0	110,905	-15,814	-36,546	-	114,075	-38,203	-58,912	5,651	94,183	0	0	0	0	0	0	0
Cash Flows Other Operating	0	14,662	-1,299	27,738	0	0	-12,411	-15,217	-3,595	-	-354	3,891	-4,108	-13,305	-9,283	0	0	0	0	0	0	0
Change In Cash	170,788	-604,661	153,053	274,386	-119,657	291,046	110,905	-15,814	-36,546	-	114,075	-38,203	-58,912	5,651	94,183	56,917	26,294	4,930	40,084	293,692	16,789	24,528
Change In Working Capital	-42,616	-56,254	-24,638	-81,051	-94,427	-25,619	48,515	37,703	20,919	-	40,251	-22,131	15,719	-10,362	-306	-11,473	56,254	20,182	44,046	-4,806	-1,160	435
Change Receivables	0	-14,314	-49,034	1,251	0	0	1,041	24,886	-7,008	-	10,165	-53,639	18,831	-8,514	-31,329	0	0	0	0	0	0	0
Change To Account Receivables	43,546	-14,314	-49,034	1,251	-27,492	-65,723	1,041	24,886	-7,008	-10,165	10,165	-53,639	18,831	-8,514	-31,329	1,797	987	-5,012	1,289	-5,132	0	0
Change To Inventory	-2,425	-11,759	17,154	-11,784	-16,098	-6,602	-11,922	-2,949	5,835	-3,818	3,818	9,166	3,051	2,105	-15,696	-3,638	-7,567	-9,795	-1,700	-4,611	-2,434	1,403
Change To Liabilities	-60,694	-33,955	25,438	-96,616	1,253	-29,078	71,807	30,983	23,632	-	17,032	18,451	-2,055	6,352	31,710	0	33,874	38,315	14,620	12,336	13,132	5,365
Change To Netincome	112,909	87,134	40,438	99,963	81,827	145,323	33,043	43,758	28,978	-	59,490	43,011	47,928	45,386	25,014	0	29,825	0	25,129	0	0	1,565
Change To Operating Activities	-7,482	-10,972	-15,220	-4,423	-20,196	-17,835	-11,921	-14,621	-3,327	-	337	0	0	0	0	0	0	0	0	0	0	0
Depreciation	71,257	103,609	112,757	90,878	85,123	81,283	84,308	85,152	69,133	0	53,278	53,245	43,876	43,994	34,937	28,732	24,814	14,805	12,862	11,348	8,517	7,498
Dividends Paid	77,584	100,067	89,172	88,581	77,496	66,155	57,059	48,397	41,018	0	41,018	408,206	0	0	35,569	0	0	0	0	0	0	0
End Period Cash Flow	799,159	628,371	1,233,032	1,079,979	805,593	918,063	627,017	516,112	531,926	568,500	568,472	454,397	492,600	551,512	545,861	451,678	394,761	368,467	412,487	372,403	78,711	61,922
Exchange Rate Changes	0	0	2,720	3,938	0	0	1,675	-1,395	-3,809	-	-1,948	-1,765	288	1,163	-3,984	0	0	0	0	0	0	0
Free Cash Flow	259,912	259,120	393,299	274,862	214,138	266,845	266,184	135,057	114,422	-	244,879	243,900	222,098	356,326	288,991	249,660	250,864	147,170	124,463	65,688	34,336	32,892
Investments	54,206	-198,308	-2,316	203,361	-56,229	78,250	-53,159	-60,006	85,657	-	-92,664	210,123	-16,534	-189,557	-2,609	0	0	0	0	0	0	0
Issuance Of Capital Stock	47,781	57,848	122,088	82,658	57,346	106,162	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	0	0	0	0	0	0	-	0	-79	-518	0	-7,680	0	0	0	0	0	0	0
Net Income	191,736	183,898	317,823	231,619	255,505	122,805	202,427	186,402	181,198	206,103	208,720	190,302	265,134	310,582	282,827	242,991	199,458	142,831	89,549	52,293	39,842	30,969
Other Cashflows From Financing Activities	-766	-1,435	-7,362	-5,045	-1,758	-1,022	4,648	3,011	-3,084	-	2,434	-4,564	852	24,470	95,777	19,543	20,210	20,378	10,278	-1,292	-1,239	-1,397
Other Cashflows From Investing Activities	0	-236,479	11,865	-2,640	57,307	163,443	-8,956	-121,729	-131,700	0	-33,562	-6,547	-10,796	217	-4,266	0	40	0	0	0	0	0
Other Non Cash Items	-6,949	1,863	-20,839	21,049	45,084	12,550	-174	3,395	-14,445	-	9,904	8,559	16,279	9,025	-1,823	-14,020	-16,634	-1,567	-14,399	7,510	9,785	3,727
Sale Purchase Of Stock	-152,895	-566,904	-278,069	-196,807	-363,373	-172,614	-117,676	-114,486	-123,057	0	-69,679	-91,073	-272,038	-192,410	-241,362	17,200	14,700	10,100	2,207	-72	-144	-38
Stock Based Compensation	90,291	114,925	99,698	86,628	76,580	71,249	65,343	66,985	67,069	-	65,680	64,328	47,581	43,665	27,694	21,758	22,332	19,841	19,138	14,184	0	0
Total Cash From Financing Activities	-194,014	-610,558	-252,515	-207,775	-385,281	-133,629	-100,089	-88,761	-138,532	-40,580	-33,872	-487,964	-254,318	-162,498	-184,774	21,523	34,896	30,524	20,202	244,714	-20	-1,402
Total Cash From Operating Activities	282,066	318,576	447,753	343,849	327,674	352,202	371,051	356,839	309,390	361,547	371,137	274,661	389,797	403,688	327,298	273,225	264,474	162,973	132,502	80,422	46,858	39,642
Total Cashflows From Investing Activities	54,206	-295,935	-44,905	134,374	-56,229	78,086	-161,732	-282,497	-203,595	-204,944	-204,944	176,865	-194,679	-236,702	-44,357	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	2014-11-17	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
Begin Period Cash Flow	817,966	799,159	693,420	631,477	628,371	867,257	908,838	1,064,432	1,233,032	1,227,252	1,113,496	1,119,425	1,079,979	863,393	734,444	753,155	805,593	724,045	734,866	799,786	925,250	829,621	705,519	596,390	627,017	592,616	532,508	512,838	516,112	599,991	521,202	467,099	531,926	470,868	513,994	409,115	568,472	568,500	590,097	568,899	484,640	454,397	408,561	328,508	316,193	492,600	670,408	747,988	654,414	551,512	594,604	520,268	433,638	545,861	519,098	417,349	406,238	451,678	363,376	372,528	402,434	394,761	369,907	347,502	280,246	368,467	325,909	337,401	409,265	412,487	373,421	450,583	404,502	372,403	361,551	350,650	94,087	78,711	0	0	0	0	0	0	0	0
Capital Expenditures	6,099	8,185	7,413	7,524	7,217	10,710	11,165	11,703	25,878	11,835	13,732	13,360	15,527	10,438	14,127	20,747	23,675	16,611	23,778	42,543	30,604	17,945	15,785	21,154	30,473	17,949	30,438	33,904	22,576	25,933	41,595	24,616	129,638	52,465	57,596	46,363	28,077	21,661	69,186	26,800	21,305	8,967	8,910	5,637	5,449	10,765	117,124	20,125	17,884	12,566	17,028	10,783	9,906	9,646	12,600	7,518	7,445	10,744	6,008	5,684	2,556	9,317	5,944	3,035	3,154	1,477	8,108	2,498	3,399	1,798	2,342	1,764	2,023	1,910	2,733	2,863	4,172	4,966	12,522	0	0	0	6,750	0	0	0
Cash And Cash Equivalents Changes	0	0	106,335	61,032	-5,398	-231,840	-33,424	-154,053	-168,600	5,780	113,756	-5,929	39,446	216,586	128,949	-18,711	-52,438	0	-10,821	-64,920	-125,464	0	124,102	109,129	-30,627	34,401	60,108	19,670	-3,274	-83,879	78,789	54,103	-3,274	61,058	-43,126	104,879	-159,357	-159,357	-21,625	21,198	84,259	30,243	45,836	80,053	12,315	-176,407	-177,808	-77,580	93,574	102,902	-43,092	74,336	86,630	-112,223	0	0	0	0	0	0	0	0	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	71,422	-48,929	-34,931	340	88,324	-25,671	-48,331	-12,132	69,067	-43,269	-14,965	-28,666	99,507	-20,330	-22,773	0	90,454	-45,807	-47,354	0	-987	-6,123	-6,609	-1,754	623	-2,575	-8,705	-4,142	-4,096	-3,412	-8,705	2,584	-134	-1,572	-4,473	-4,473	1,447	-662	492	-1,631	-3,033	4,023	-5,724	8,625	-4,690	1,710	-2,229	1,101	-3,587	5,145	-3,551	-11,312	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-109,308	18,807	105,739	61,943	3,106	-238,886	-41,581	-155,594	-168,600	5,780	113,756	-5,929	39,446	216,586	128,949	-18,711	-52,438	81,548	-10,821	-64,920	-125,464	88,442	124,102	109,129	-30,627	34,401	60,108	19,670	-3,274	-83,879	78,789	54,103	-64,827	61,058	-43,126	104,879	-159,357	-156,559	-21,625	21,198	84,259	30,243	45,836	80,053	12,315	-176,407	-177,808	-77,580	93,574	102,902	-43,092	74,336	86,630	-112,223	26,763	101,749	11,111	-45,440	88,302	-9,152	-29,906	7,673	24,854	22,405	67,256	-88,221	42,558	-11,492	-71,864	-3,222	39,066	-77,162	46,081	32,099	10,852	10,901	256,563	15,376	0	0	0	0	0	0	0	0
Change In Working Capital	-101,888	5,289	49,131	-32,434	-63,984	-26,635	90,594	-19,278	-100,935	14,081	80,735	-31,390	-88,064	44,249	-8,654	-64,324	-52,322	42,554	-24,268	-57,060	-55,653	-21,650	16,724	-27,232	6,539	39,465	24,972	3,032	-18,954	28,949	27,167	-22,663	4,250	24,218	-16,883	70,389	-67,272	0	16,748	23,979	-4,636	4,160	-2,236	24,187	-28,953	-15,129	-13,007	20,565	5,498	2,663	-7,028	34,248	-13,879	-23,702	-16,174	689	-8,604	23,783	34,488	-4,844	-60,654	19,537	62,430	-2,018	-28,665	24,507	7,518	12,744	-17,800	17,720	29,053	-5,838	11,456	9,375	-19,344	-3,604	1,802	16,340	0	0	0	0	0	0	0	0
Change Receivables	0	0	81,315	7,384	-45,153	-8,919	-8,893	13,463	-9,965	44,814	8,943	9,111	-111,902	65,498	-3,377	-58,539	-2,331	0	-55,801	-31,957	17,736	0	-9,462	-18,750	-50,268	8,617	5,962	-7,756	-5,782	16,088	10,525	-13,688	-5,782	2,309	-5,860	18,985	-22,442	-22,442	8,584	13,767	-33,334	21,148	-22,810	17,119	-39,884	-8,064	3,472	11,256	-3,428	7,531	-22,579	34,283	-5,429	-14,789	0	0	0	0	0	0	0	0	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	-28,935	4,233	81,315	7,384	-45,153	-8,919	-8,893	13,463	-9,965	44,814	8,943	9,111	-111,902	65,498	-3,377	-58,539	-2,331	42,530	-57,504	-30,254	17,736	12,757	-9,462	-18,750	-50,268	8,617	5,962	-7,756	-5,782	16,088	10,525	-13,688	11,961	2,309	-5,860	18,985	-22,442	-10,165	8,584	13,767	-33,334	21,148	-22,810	17,119	-39,884	-8,064	3,472	11,256	-3,428	7,531	-22,579	34,283	-5,429	-14,789	-6,734	-3,148	-1,047	-20,400	26,491	-3,477	-21,217	1,225	-5,012	-16,281	-13,521	-8,123	1,289	-2,039	-7,095	6,860	-5,132	1,235	2,175	-5,405	-5,921	2,135	1,193	7,580	0	0	0	0	0	0	0	0
Change To Inventory	-9,297	-10,801	2,303	-4,227	-501	472	-7,186	-3,226	-1,819	2,326	4,430	5,974	4,424	749	-7,157	-6,143	767	-122	-7,993	-5,274	-2,709	-6,094	-156	1,139	-1,491	-5,082	-3,587	-4,131	878	3,075	-2,491	-2,656	-877	597	3,841	4,394	-2,997	-2,997	1,164	1,014	-585	2,225	3,530	6,390	5,419	-6,173	-2,224	4,399	8,147	-7,271	-2,822	7,965	-3,574	536	-11,609	-6,504	-1,073	3,490	-3,783	3,855	-1,322	-2,388	1,307	-2,757	-5,655	-462	-3,131	-2,390	-4,009	-265	97	-385	-2,631	1,219	-2,448	-1,314	233	-1,082	0	0	0	0	1,403	0	0	0
Change To Liabilities	0	24,729	-102,645	16,696	19,808	-7,487	22,054	165	-30,684	-4,030	1,785	-3,206	34,379	6,867	-96,788	20,804	-27,499	11,495	-23,465	25,978	-23,326	33,199	27,329	-3,498	64,907	37,684	21,974	17,494	-5,345	13,122	23,229	-2,907	-5,345	16,673	-14,730	59,049	-37,360	-37,360	-4,037	9,860	28,791	-17,582	20,077	-3,345	11,236	-9,517	-9,565	3,200	3,008	1,302	21,960	-4,997	-2,612	-7,999	32,677	24,273	6,731	8,459	0	0	0	0	33,874	19,577	7,341	10,425	38,315	23,485	9,820	1,411	14,620	7,047	6,734	586	12,336	6,517	12,851	5,519	13,132	0	0	0	5,365	0	0	0
Change To Netincome	0	46,283	31,505	16,546	18,488	27,619	14,713	19,032	25,160	9,086	13,694	12,914	5,037	14,004	50,827	21,127	14,005	21,699	26,522	11,578	-6,091	63,404	21,130	15,827	71,464	-3,284	14,796	10,862	10,669	-2,003	14,616	22,430	10,669	-6,122	9,602	15,633	9,865	9,865	19,430	11,667	15,192	13,201	7,562	14,628	7,083	13,738	21,214	11,298	10,502	4,914	22,537	625	17,547	4,677	0	0	0	0	0	0	0	0	29,825	0	0	0	0	0	0	0	25,129	0	0	0	0	7,609	2,549	6,022	0	0	0	0	1,565	0	0	0
Change To Operating Activities	0	373	-10,265	-10,265	-2,821	3,575	-319	1,250	-15,478	-24,330	4,471	250	4,389	2,674	6,874	-3,087	-10,884	-1,623	-1,728	-5,148	-11,697	1,172	-872	-6,871	-6,513	-12,030	916	-2,575	-8,705	-14,621	-4,096	0	0	-3,327	0	0	0	0	337	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	20,960	24,257	24,304	24,591	22,362	22,569	27,255	26,364	27,421	42,056	23,302	25,231	22,168	26,979	23,687	19,973	20,239	22,309	22,015	20,770	20,029	19,885	20,714	20,802	19,882	19,765	20,482	22,251	21,810	21,323	20,912	21,103	21,814	18,366	17,189	17,054	16,524	18,915	14,287	13,877	12,705	12,409	13,630	13,195	13,291	13,129	12,687	11,086	10,174	9,929	10,019	12,930	11,506	9,539	9,392	8,151	9,588	7,806	7,231	6,916	8,066	6,519	5,407	6,832	7,329	5,246	4,272	3,856	3,453	3,224	3,410	3,247	3,095	3,110	3,149	3,058	2,814	2,327	0	0	0	0	0	0	0	0
Dividends Paid	28,552	25,823	25,843	25,872	25,869	24,251	25,135	25,398	25,283	22,289	22,309	22,343	22,231	22,142	22,103	22,255	22,081	19,178	19,283	19,462	19,573	16,559	16,640	16,579	16,377	14,291	14,274	14,278	14,216	12,141	12,056	12,086	12,114	10,274	10,274	10,257	10,228	15,819	10,228	0	0	0	5,039	408,206	408,206	408,206	0	0	0	0	0	0	0	0	0	13,790	0	7,337	3,173	0	0	0	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	708,658	817,966	799,159	693,420	631,477	628,371	867,257	908,838	1,064,432	1,233,032	1,227,252	1,113,496	1,119,425	1,079,979	863,393	734,444	753,155	805,593	724,045	734,866	799,786	918,063	829,621	705,519	596,390	627,017	592,616	532,508	512,838	516,112	599,991	521,202	467,099	531,926	470,868	513,994	409,115	568,500	568,472	590,097	568,899	484,640	454,397	408,561	328,508	316,193	492,600	670,408	747,988	654,414	551,512	594,604	520,268	433,638	545,861	519,098	417,349	406,238	451,678	363,376	372,528	402,434	394,761	369,907	347,502	280,246	368,467	325,909	337,401	409,265	412,487	373,421	450,583	404,502	372,403	361,551	350,650	94,087	78,711	0	0	0	0	0	0	0
Exchange Rate Changes	0	0	0	0	0	0	0	0	-1,310	-2,171	475	-709	5,125	3,147	5,141	-6,436	2,086	0	-1,176	1,096	-2,419	0	-4,720	2,252	870	2,441	1,855	2,747	-5,368	-59	-2,238	1,842	-5,368	-1,438	1,421	-994	-2,798	-2,798	-1,182	-1,243	615	-138	-301	-283	-1,119	-62	567	124	-140	-263	-141	149	989	166	0	0	0	0	0	0	0	0	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	2,310	76,830	113,716	97,018	49,178	40,599	161,443	51,296	5,782	97,938	158,620	70,108	66,633	102,224	120,161	44,993	7,484	113,869	67,572	6,349	26,348	93,786	126,645	59,738	-13,324	60,618	106,699	53,682	45,185	46,951	85,494	64,855	-62,243	30,808	-9,419	117,665	-24,632	-18,216	29,983	65,748	80,833	68,315	58,263	78,978	50,370	56,244	-40,325	78,204	100,993	83,226	92,501	111,785	91,034	61,006	55,247	67,451	78,573	87,720	71,953	59,513	30,087	88,107	96,517	48,204	31,354	74,789	49,388	32,570	19,845	45,367	43,740	14,710	39,216	26,797	14,558	11,072	14,018	26,040	34,336	0	0	0	32,892	0	0	0
Investments	633	-19,711	3,741	31,110	35,517	-30,012	2,947	-71,010	-100,233	1,378	-459	-898	-2,337	165,073	41,074	10,946	-13,732	17,092	28,830	20,655	-10,962	71,752	60,427	50,736	3,380	-11,490	-32,122	-6,900	-2,647	-132,135	-13,074	34,122	-2,647	104,572	-24,261	9,700	-4,354	-4,354	-35,213	-23,447	-5,452	-28,552	-148	4,213	-27,200	233,258	-49,075	-62,179	50,313	44,407	-80,381	20,455	20,204	-149,835	0	0	0	0	0	0	0	0	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	18,301	10,550	15,837	10,440	10,954	4,248	18,538	13,690	21,372	32,940	17,991	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-79	0	0	0	-518	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	66,981	9,908	16,405	95,883	79,448	27,759	39,610	36,519	80,010	44,228	54,560	76,345	142,690	26,976	67,378	88,674	48,591	43,935	39,637	73,575	98,358	50,230	83,288	70,765	-81,478	21,940	76,186	50,727	53,574	24,079	63,767	67,545	31,011	44,873	35,856	58,532	41,937	41,937	46,362	40,563	76,549	45,246	46,084	30,502	62,239	51,477	52,045	51,406	88,317	73,366	79,288	61,748	82,061	86,765	63,327	63,688	85,898	69,086	44,299	51,146	69,451	78,095	48,559	46,448	56,778	47,673	44,158	29,685	39,095	29,893	25,217	19,084	27,979	17,269	16,808	14,778	10,330	10,377	3,269	11,968	12,359	12,246	7,801	7,792	8,434	6,942
Other Cashflows From Financing Activities	0	-19,711	22,031	23,586	-766	1,435	-8,161	-120,941	-1,435	-14,957	-14,191	-14,258	-7,362	154,635	-1,671	-3,091	-283	-743	-1	-108	-906	38,173	44,882	-1	-1,021	1,861	900	1,019	868	1,912	975	38	86	12	437	151	-3,647	1,944	577	295	552	1,010	-146	17	180	-4,570	-89	516	368	57	-5,664	6,150	1,385	22,599	10,370	34,186	17,452	19,327	8,625	8,314	3,486	424	2,839	6,578	4,863	5,930	2,941	4,764	4,465	7,729	2,552	2,275	8,059	-1,830	-244	-332	-322	-322	0	0	0	0	0	0	0	0
Other Cashflows From Investing Activities	0	0	25,703	66,627	35,517	-236,479	57	-38,330	-11,426	-4,500	12,671	13,130	16,365	203,361	38,288	-2,350	-290	57,307	-15,109	-5,000	-12,065	655	-6,973	-1,147	-11,477	-1,164	-435	-5,927	-1,430	-222	-13,895	-947	-1,430	-15,709	-16,048	-116	-99,827	-99,827	-16,808	-4,227	-12,395	-132	-2,873	0	355	-4,029	-10,859	-77	380	-240	490	280	2,176	-2,729	0	0	46	0	0	0	0	0	40	40	40	7	0	0	0	54	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-1,745	14,050	4,174	-2,036	-4,416	976	-2,679	2,054	1,512	-4,159	-1,594	-9,578	-5,508	7,788	5,617	6,433	1,211	10,001	31,427	-1,651	5,307	2,704	5,790	1,608	2,448	-1,084	2,345	1,174	-2,609	-19	-635	2,621	1,428	-21,035	3,109	2,757	724	0	1,625	1,797	4,747	1,735	1,968	1,844	2,247	2,455	3,453	1,576	5,212	6,038	11,290	521	4,228	-6,294	-1,642	5,730	-3,174	-1,909	331	2,733	13,021	-18,176	-32,176	4,727	7,766	409	2,140	754	-638	-7,981	-15,262	5,248	971	-3,458	2,268	3,504	5,112	4,017	0	0	0	0	0	0	0	0
Sale Purchase Of Stock	-114,564	-27,525	-26,819	-51,664	-74,412	-222,424	-191,274	-85,713	-67,493	-97,516	-40,562	-71,921	-68,070	-46,085	-27,956	-72,481	-50,285	-55,100	-89,713	-86,336	-132,224	-60,945	-56,730	-9,600	-45,339	-25,807	-26,070	-26,142	-39,657	-17,479	-9,409	-38,310	-49,288	-62,183	-16,701	-16,374	-27,799	-20,287	-19,500	-30,161	-1,631	-18,387	-11,222	-9,286	-12,973	-57,592	-78,570	-103,810	-60,081	-26,068	-49,910	-67,376	-29,158	-45,966	-63,714	-94,524	-67,463	-15,661	1,133	8,100	1,800	3,000	2,700	3,500	2,900	5,600	1,900	2,100	1,900	479	-72	0	0	1,501	-72	500	0	-72	0	0	0	0	0	0	0	0
Stock Based Compensation	31,894	28,195	29,224	29,827	31,240	26,962	27,608	27,699	32,656	24,136	24,836	24,413	26,313	21,778	21,285	20,951	22,614	17,000	18,863	19,235	21,482	17,773	17,101	17,691	18,684	16,403	15,742	15,983	17,215	15,512	16,007	16,086	19,380	16,247	16,313	16,667	17,842	0	16,907	15,966	17,753	15,054	14,396	17,283	14,945	17,704	13,338	10,741	12,063	11,439	10,749	11,076	10,856	10,984	7,193	8,063	7,111	5,327	6,207	6,371	-7,280	4,531	19,506	0	0	5,466	19,138	0	0	4,861	14,184	-2,053	0	5,109	6,793	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-125,140	-42,798	-36,825	-67,096	-90,093	-242,427	-197,871	-97,421	-72,839	-86,865	-44,880	-74,430	-46,340	-53,858	-37,427	-68,214	-48,276	-62,702	-91,128	-93,020	-138,431	-57,283	-58,490	3,418	-21,274	-16,004	-15,889	-29,182	-39,014	-664	9,002	-45,769	-51,330	-71,875	-11,119	-21,363	-34,162	-34,162	-9,697	-23,183	8,258	-9,250	-9,105	-2,855	-10,093	-465,866	-78,116	-94,002	-57,972	-24,228	-55,561	-58,333	-27,773	-20,831	-59,832	-72,391	-50,403	-2,148	6,221	9,757	2,151	3,394	5,476	10,121	7,730	11,569	4,867	6,853	6,374	12,430	3,681	4,599	6,043	5,879	149	185	244,306	74	0	0	0	0	0	0	0	0
Total Cash From Operating Activities	8,409	85,015	121,129	104,542	56,395	51,309	172,608	62,999	31,660	109,773	172,352	83,468	82,160	112,662	134,288	65,740	31,159	130,480	91,350	48,892	56,952	111,731	142,430	80,892	17,149	78,567	137,137	87,586	67,761	72,884	127,089	89,471	67,395	83,273	48,177	164,028	3,445	3,445	99,169	92,548	102,138	77,282	67,173	84,615	55,819	67,009	76,799	98,329	118,877	95,792	109,529	122,568	100,940	70,652	67,847	74,969	86,018	98,464	77,961	65,197	32,643	97,424	102,461	51,239	34,508	76,266	57,496	35,068	23,244	47,165	46,082	16,474	41,239	28,707	17,291	13,935	18,190	31,006	46,858	0	0	0	39,642	0	0	0
Total Cashflows From Investing Activities	0	-19,711	22,031	23,586	28,300	-295,935	-8,161	-120,941	-126,111	-14,957	-14,191	-14,258	-1,499	154,635	26,947	-9,801	-37,407	-56,229	-9,867	-21,888	-41,566	38,173	44,882	22,567	-27,372	-30,603	-62,995	-41,481	-26,653	-156,040	-55,064	8,559	-26,653	51,098	-81,605	-47,246	-125,842	-125,842	-93,617	-46,924	-26,752	-37,651	-11,931	-1,424	-32,292	222,512	-177,058	-82,031	32,809	31,601	-96,919	9,952	12,475	-162,210	0	-62,022	0	0	0	0	0	0	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.

	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-11-17	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30
Cost Of Revenue	117,014	141,360	130,025	146,498	160,854	128,260	118,307	108,982	94,796	70,176	70,176	96,719	92,027	111,171	131,815	64,768	67,777	74,265	76,042	80,218	91,505	73,643	57,717	50,442
Depreciation And Amortization	0	123,300	119,727	113,858	147,081	81,283	84,308	85,152	69,133	-	53,278	53,245	43,876	43,994	34,937	28,732	24,814	14,805	12,862	11,348	8,517	7,498	88,474	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Ebit	219,247	206,605	344,390	218,742	257,077	312,619	269,627	237,262	243,558	-	278,524	257,095	364,374	425,635	435,802	365,607	287,028	185,433	125,863	80,015	68,198	49,196	549	9,861
Ebitda	219,247	329,905	464,117	332,600	404,158	393,902	353,935	322,414	312,691	-	331,802	310,340	408,250	469,629	470,739	394,339	311,842	200,238	138,725	91,363	76,715	56,694	89,023	9,861
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	-	-
Extraordinary Items	0	0	0	0	-102,100	-121,400	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Gross Profit	892,168	1,112,433	1,151,231	1,015,294	1,080,766	1,043,664	963,147	916,756	872,614	890,000	890,000	812,955	834,237	844,334	790,898	654,735	572,454	407,763	315,500	247,749	197,536	143,829	104,151	74,211
Income Before Tax	241,020	215,279	354,512	239,715	282,307	312,867	256,644	235,904	243,455	0	276,099	250,646	368,991	440,643	437,012	371,419	301,802	209,416	146,637	91,218	68,092	47,610	-198	6,492
Income Tax Expense	-49,284	31,381	36,689	8,096	26,802	190,062	54,217	49,502	62,257	67,379	67,379	60,344	103,857	130,061	154,185	127,073	100,770	65,131	55,833	37,330	27,321	16,079	11	4,210
Interest Expense	161	394	479	186	170	198	127	125	183	0	183	575	196	1,027	703	935	13,200	22,529	19,519	9,608	1,035	2,148	643	3,369
Interest Income	22,305	6,174	3,493	11,178	24,489	17,949	9,577	5,684	4,361	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Minority Interest	-988	189	7,596	256	5,679	6,567	625	542	1,850	-	2,617	1,031	832	1,315	-620	1,355	1,574	1,454	1,255	1,595	929	562	-	-
Net Income	191,470	184,087	310,227	231,363	255,151	122,246	201,802	185,860	179,335	206,103	206,103	189,271	264,302	309,267	283,447	242,991	199,458	142,831	89,549	52,293	39,842	30,969	-105	5,651
Net Income Applicable To Common Shares	200,656	184,087	310,227	231,363	255,151	41,746	201,802	185,860	181,390	-	206,103	189,271	264,302	309,267	283,447	242,991	199,458	142,831	89,549	52,293	39,842	30,969	-	-
Net Income From Continuing Ops	201,644	183,898	317,823	231,619	255,505	122,805	202,427	186,402	183,240	-	208,720	190,302	265,134	310,582	282,827	0	0	0	0	0	0	0	-	-
Net Interest Income	28,086	6,174	3,014	12,539	24,749	18,772	9,450	5,559	0	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Non Operating Income Net Other	0	9,068	10,601	21,159	0	0	8,139	4,234	32,737	-	2,198	5,959	7,195	9,883	8,334	0	0	0	0	0	0	0	-	-
Non Recurring	0	10,623	10,240	1,821	0	0	12,856	1,233	-80	-	2,403	5,874	1,191	3,406	7,026	0	0	0	0	0	0	0	-	-
Operating Income	219,247	206,605	344,390	218,742	257,077	299,998	248,632	231,795	210,901	273,718	273,718	245,262	361,992	429,733	429,381	363,666	286,783	186,952	129,583	84,062	67,863	47,667	549	9,861
Other Items	0	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Operating Expenses	773,470	1,036,565	940,497	941,229	947,985	872,372	819,966	792,710	756,589	-	684,055	658,538	563,081	522,366	486,306	350,990	353,448	295,076	261,959	243,905	219,440	168,495	72,845	114,792
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	-	-
Reconciled Depreciation	95,514	103,609	112,757	90,878	85,123	81,283	84,308	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Research Development	201,097	261,174	253,640	239,045	237,871	236,794	233,312	219,607	200,892	183,128	183,128	168,746	140,143	123,920	104,978	66,710	62,080	44,109	35,377	30,532	23,479	18,262	15,128	16,106
Selling And Marketing Expenses	263,494	358,716	332,671	335,933	343,835	309,802	296,661	295,267	278,920	-	252,647	231,103	181,736	149,642	130,160	0	0	0	0	0	0	0	-	-
Selling General Administrative	191,865	275,315	224,161	219,753	205,425	197,516	171,686	168,854	181,981	0	178,104	161,970	149,175	137,633	119,353	225,500	224,100	178,800	154,200	135,155	129,935	94,852	-	-
Tax Provision	48,409	31,381	36,689	8,096	-75,298	32,669	54,217	49,502	62,542	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Operating Expenses	656,456	895,205	810,472	794,731	787,131	744,112	701,659	683,728	661,793	-	613,879	561,819	471,054	411,195	354,491	286,222	285,671	220,811	185,917	163,687	127,935	94,852	15,128	64,350
Total Other Income Expense Net	21,773	8,674	10,122	20,973	25,230	-5,457	-14,294	-2,683	28,273	2,381	-3,549	-3,763	5,808	7,504	605	2,906	-245	1,519	3,720	4,047	1,403	-219	-747	-3,369
Total Revenue	1,009,182	1,253,793	1,281,256	1,161,792	1,241,620	1,171,924	1,081,454	1,025,738	967,410	59,219	960,176	909,674	926,264	955,505	922,713	719,503	640,231	482,028	391,542	327,967	289,041	217,472	161,868	124,653

	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	2014-11-17	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
Cost Of Revenue	32,060	35,552	41,515	41,049	34,450	37,179	35,957	35,515	32,709	30,699	31,644	32,378	35,304	42,465	29,888	36,830	37,315	45,960	39,690	36,575	38,629	31,960	34,465	30,959	30,876	29,238	32,125	26,977	29,967	30,222	24,621	24,373	29,766	25,357	24,880	25,149	19,410	19,410	12,420	18,869	17,505	21,382	23,491	24,340	23,283	25,605	26,994	21,031	23,592	20,410	25,642	27,933	28,457	29,139	26,343	40,056	29,623	35,793	17,264	19,750	31,982	-4,228	16,549	16,016	17,246	17,966	14,989	19,560	20,687	19,029	18,589	18,884	16,398	22,171	15,371	14,156	23,715	26,976	22,290	23,198	24,753	21,264	19,901	17,785	18,431	17,526
Depreciation And Amortization	0	24,257	24,304	24,591	28,093	22,569	32,161	31,714	27,421	42,056	23,302	25,231	22,168	26,979	23,687	19,973	20,239	22,309	22,015	20,770	20,029	19,885	20,714	20,802	19,882	19,765	20,482	22,251	21,810	21,323	20,912	21,103	21,814	18,366	17,189	17,054	16,524	0	14,287	13,877	12,705	12,409	13,630	13,195	13,291	13,129	12,687	11,086	10,174	9,929	10,019	12,930	11,506	9,539	9,392	8,151	9,588	7,806	7,231	6,916	8,066	6,519	5,407	6,832	7,329	5,246	4,272	3,856	3,453	3,224	3,410	3,247	3,095	3,110	3,149	3,058	2,814	2,327	-75,320	26,182	29,381	20,092	-54,857	19,462	19,043	17,662
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
Ebit	0	57,698	40,547	84,699	94,088	13,124	45,566	43,350	91,431	457	59,373	86,275	163,199	7,523	41,546	110,473	55,201	62,609	72,061	110,052	74,313	42,007	96,595	89,345	84,672	39,380	96,334	66,231	67,682	30,838	81,800	85,111	39,513	61,903	47,447	79,916	54,292	54,331	57,874	51,377	103,101	64,028	58,883	43,854	85,274	67,032	71,524	65,759	121,397	100,118	120,296	90,217	118,446	108,908	104,479	98,887	134,150	102,335	64,992	71,459	109,998	115,855	65,244	68,447	85,715	67,622	51,213	39,777	48,906	33,839	45,241	23,161	36,785	20,676	23,672	23,204	17,285	15,804	7,849	20,484	20,397	19,133	11,534	11,213	13,786	11,134
Ebitda	0	81,955	64,851	109,290	122,181	35,693	77,727	75,064	118,852	42,513	82,675	111,506	185,367	34,502	65,233	130,446	75,440	84,918	94,076	130,822	94,342	61,892	117,309	110,147	104,554	59,145	116,816	88,482	89,492	52,161	102,712	106,214	61,327	80,269	64,636	96,970	70,816	0	72,161	65,254	115,806	76,437	72,513	57,049	98,565	80,161	84,211	76,845	131,571	110,047	130,315	103,147	129,952	118,447	113,871	107,038	143,738	110,141	72,223	78,375	118,064	122,374	70,651	75,279	93,044	72,868	55,485	43,633	52,359	37,063	48,651	26,408	39,880	23,786	26,821	26,262	20,099	18,131	-67,471	46,666	49,778	39,225	-43,323	30,675	32,829	28,796
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-102,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	283,514	255,010	256,855	334,842	300,471	241,025	253,628	298,856	318,924	254,326	255,155	287,180	354,570	228,726	217,021	314,985	254,562	252,867	262,469	301,683	263,747	233,365	282,982	270,396	256,921	212,810	273,540	240,497	236,300	202,775	252,966	249,967	211,048	204,163	206,822	246,801	214,828	214,828	214,537	204,481	261,087	209,895	193,161	182,734	226,063	210,997	197,761	186,841	236,667	212,968	218,126	191,066	221,569	213,573	201,464	190,213	213,798	185,423	146,613	151,494	172,142	184,486	146,581	138,301	155,311	132,261	113,974	100,053	108,323	85,413	83,554	74,766	88,326	68,854	63,553	65,523	61,386	57,287	46,587	52,852	53,938	44,159	38,207	35,510	37,364	32,748
Income Before Tax	80,833	9,033	23,757	117,281	99,982	30,974	49,412	43,451	91,442	43,058	59,125	85,367	166,962	34,492	39,990	110,779	54,454	56,251	41,800	110,002	74,254	41,960	96,590	89,483	84,834	26,491	96,303	66,194	67,656	30,813	81,784	83,823	39,484	61,876	47,378	79,885	54,316	54,316	60,662	51,814	102,922	60,701	58,868	37,847	84,872	69,059	72,951	70,321	122,515	103,204	116,632	90,451	122,494	111,066	98,622	98,082	133,929	106,379	67,221	79,019	108,219	116,960	71,434	70,867	86,929	72,572	56,575	45,878	62,270	44,693	41,389	31,201	45,973	28,074	26,675	27,328	18,787	18,428	7,328	20,854	12,429	19,357	20,784	11,259	13,435	11,004
Income Tax Expense	0	-875	7,352	21,398	20,534	3,215	9,802	6,932	11,432	-1,170	4,565	9,022	24,272	7,516	-27,388	22,105	5,863	12,316	2,163	36,427	-24,104	-8,270	13,302	18,718	166,312	4,551	20,117	15,467	14,082	6,734	18,017	16,278	8,473	17,003	11,522	21,353	12,379	12,379	14,300	11,251	26,373	15,455	12,784	7,345	22,633	17,582	20,906	18,915	34,198	29,838	37,344	28,404	40,012	24,301	35,295	34,394	47,610	36,886	22,518	27,502	38,430	38,623	22,254	24,117	29,792	24,607	12,064	15,839	22,776	14,452	15,917	11,778	17,652	10,486	9,255	12,332	8,000	7,743	3,980	8,392	12,359	6,825	3,764	3,443	4,899	3,973
Interest Expense	0	0	114	34,000	81	139	84	87	84	119	108	167	85	55	34	25	72	64	29	32	45	47	87	29	35	33	31	37	26	37	26	33	29	68	69	31	15	15	639	251	93	112	71	77	402	25	139	26	5	26	1,027	2,360	85	283	114	392	112	85	336	187	149	863	5,569	2,118	855	4,658	5,009	5,747	12,965	10,506	4,107	7,701	8,846	7,079	2,391	3,906	1,045	2,316	600	124	4,321	62	31	22	453	219
Interest Income	0	0	7,316	6,807	4,797	3,199	1,416	1,098	716	816	741	962	974	439	2,578	4,721	4,932	5,625	6,551	7,494	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-600	-722	6	187	73	-3	13	-201	4	37	6,299	128	7,492	147	93	178	5,411	5,679	63	135	139	6,567	143	134	144	145	143	137	200	146	139	147	200	362	350	558	580	580	421	784	681	731	289	286	328	128	551	-123	197	207	217	299	421	378	-236	236	421	407	404	371	338	242	621	302	359	292	353	354	399	348	255	339	342	319	612	218	457	308	79	494	70	286	347	24	102	89
Net Income	66,981	9,186	16,399	95,696	79,375	27,756	39,597	36,720	80,014	44,191	54,621	76,217	135,198	26,829	67,285	88,496	48,753	43,918	39,574	73,440	98,219	50,092	83,145	70,631	-81,622	21,795	76,043	50,590	53,374	23,933	63,628	67,398	30,901	44,498	35,506	57,974	41,357	39,779	45,941	39,779	75,868	44,515	45,795	30,216	61,911	51,349	51,494	51,529	88,120	73,159	79,071	61,748	82,061	86,387	65,011	63,452	85,898	69,086	44,299	51,146	69,451	78,095	48,559	46,448	56,778	47,673	44,158	29,685	39,095	29,893	25,217	19,084	27,979	17,269	16,808	14,778	10,330	10,377	3,269	11,968	12,359	12,246	7,801	7,792	8,434	6,942
Net Income Applicable To Common Shares	0	9,186	16,399	95,696	79,375	27,756	39,597	36,720	80,014	44,191	54,621	76,217	135,198	26,829	67,285	88,496	48,753	43,918	39,574	73,440	98,219	50,092	83,145	70,631	-81,622	21,795	76,043	50,590	53,374	23,933	63,628	67,398	53,374	46,553	35,506	57,974	41,357	41,357	45,941	39,779	75,868	44,515	45,795	30,216	61,911	51,349	51,494	51,529	88,120	73,159	79,071	61,748	82,061	86,387	65,011	63,452	85,898	69,086	44,299	51,146	69,451	78,095	48,559	46,448	56,778	47,673	44,158	29,685	39,095	29,893	25,217	19,084	27,979	17,269	16,808	14,778	10,330	10,377	3,269	11,968	12,359	12,246	7,801	7,792	8,434	6,942
Net Income From Continuing Ops	67,581	9,908	16,405	95,883	79,448	27,759	39,610	36,519	80,010	44,228	54,560	76,345	142,690	26,976	67,378	88,674	48,591	43,935	39,637	73,575	98,358	50,230	83,288	70,765	-81,478	21,940	76,186	50,727	53,574	24,079	63,767	67,545	53,574	46,915	35,856	58,532	41,937	41,937	46,362	40,563	76,549	45,246	46,084	30,502	62,239	51,477	52,045	51,406	88,317	73,366	79,288	62,047	82,482	86,765	0	63,688	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	9,187	9,280	7,202	6,807	4,797	3,199	1,332	1,011	632	697	633	795	889	439	2,544	4,696	4,860	5,625	6,522	7,462	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,936	8,023	5,975	4,005	3,930	188	945	2,812	3,142	2,347	2,300	4,479	5,885	4,859	5,936	0	7,573	7,104	5,628	0	1,885	3,208	2,629	7,871	-2,109	762	1,615	1,765	615	1,529	1,615	28,134	2,502	1,309	792	792	1,729	1,489	-1,903	883	1,839	976	1,092	2,052	1,562	2,222	1,474	1,937	3,771	1,856	2,109	2,147	0	2,534	0	0	0	0	0	0	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	16,676	33	-244	4,580	976	5,162	-95	-664	140	741	10,023	-45	1,522	-331	675	0	30,232	18	14	90	-82	-167	-197	12,856	77,136	-51,424	12,856	-12	-10	1,255	0	-41	0	0	-39	-39	-210	-688	86	3,215	-56	5,930	0	0	-2	-85	910	368	2,669	-48	0	785	0	1,068	0	0	0	0	0	0	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	72,312	-3,494	15,935	84,699	94,088	13,124	45,566	43,350	90,581	40,365	56,091	83,187	164,747	30,068	34,139	105,945	48,590	51,220	34,256	102,930	68,671	36,662	94,792	86,304	82,240	23,350	95,932	63,283	66,067	29,085	81,195	82,327	39,188	33,810	44,945	78,607	53,539	53,539	58,294	50,576	104,918	59,930	57,100	36,948	84,182	67,032	71,528	68,125	121,046	101,293	112,156	87,905	120,470	109,202	97,191	95,940	132,078	104,172	65,262	78,419	105,512	114,473	66,684	68,206	84,525	67,368	51,229	40,119	56,338	39,266	36,648	27,181	41,379	24,375	22,619	25,266	18,036	18,141	7,849	20,484	20,397	19,133	11,534	11,213	13,786	11,134
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
Other Operating Expenses	0	263,460	265,759	266,634	241,077	246,516	243,043	285,859	261,147	245,324	230,568	235,630	228,975	241,168	211,248	246,201	242,612	241,313	237,671	235,310	233,691	228,663	222,737	215,218	205,754	205,842	209,733	204,191	200,200	203,924	196,402	190,758	201,626	195,751	186,757	193,343	180,738	0	168,873	173,462	173,588	168,132	159,608	164,196	165,164	169,570	153,229	139,832	138,303	131,717	128,943	131,142	129,556	132,725	124,961	133,261	111,225	116,859	103,757	92,547	96,746	65,785	96,446	86,111	88,032	82,859	77,734	79,494	72,672	65,176	65,495	66,469	63,345	66,650	56,305	54,413	67,065	66,122	133,405	29,384	30,453	26,198	101,431	22,620	22,966	21,478
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
Reconciled Depreciation	20,960	24,257	24,304	24,591	22,362	22,569	27,255	26,364	27,421	42,056	23,302	25,231	22,168	26,979	23,687	19,973	20,239	22,309	22,015	20,770	20,029	19,885	20,714	20,802	19,882	19,765	20,482	22,251	21,810	21,323	20,912	21,103	21,814	18,366	17,189	17,054	16,524	0	14,287	13,877	12,705	12,409	13,630	13,195	13,291	13,129	12,687	11,086	10,174	9,929	10,019	12,930	11,506	9,539	9,392	8,151	9,588	7,806	7,231	6,916	8,066	6,519	5,407	6,832	7,329	5,246	4,272	3,856	3,453	3,224	3,410	3,247	3,095	3,110	3,149	3,058	2,814	2,327	0	0	0	0	0	0	0	0
Research Development	67,033	70,426	68,696	67,951	64,450	62,070	62,859	67,421	68,824	61,966	62,094	65,808	63,772	61,726	59,583	60,086	57,650	60,191	60,408	58,625	58,647	60,500	60,357	59,493	56,444	57,822	59,631	58,341	57,518	59,214	54,977	52,088	53,328	50,189	45,508	56,601	48,594	46,786	47,081	46,786	44,798	44,463	41,447	42,915	41,948	42,436	37,958	35,123	34,236	32,826	33,108	34,086	28,399	28,327	29,417	27,513	25,248	22,800	18,079	17,222	16,244	15,546	17,082	15,366	15,725	13,907	12,459	11,854	10,960	8,836	9,964	9,108	8,363	7,942	7,618	6,885	7,740	8,289	6,659	6,186	5,700	4,934	4,940	4,835	4,535	3,952
Selling And Marketing Expenses	0	90,870	85,594	95,695	82,205	90,202	87,114	84,230	97,170	98,466	80,714	78,046	75,445	81,396	70,934	88,485	95,118	82,149	83,390	92,690	85,602	85,800	79,834	74,019	70,149	76,386	73,480	75,620	71,175	74,764	74,234	71,815	74,454	74,180	70,782	65,940	68,018	0	63,838	63,602	64,828	60,379	56,024	58,528	58,130	58,421	48,707	46,819	43,194	43,016	37,154	36,726	37,545	38,217	36,525	36,527	26,724	30,384	0	0	0	0	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	144,169	66,612	69,954	61,939	59,972	57,065	57,113	98,693	62,444	54,193	56,116	59,398	54,454	55,581	50,843	60,800	52,529	53,013	54,183	47,420	50,813	50,403	48,081	50,747	48,285	42,396	44,497	43,253	41,540	39,724	42,570	42,482	44,078	46,025	45,587	45,653	44,716	112,734	45,534	44,205	46,457	41,908	38,646	38,413	41,803	43,108	39,570	36,859	37,281	35,465	33,039	32,397	35,155	37,042	32,676	29,165	29,630	27,882	58,800	50,900	44,500	50,500	62,800	55,000	55,300	51,000	50,500	48,400	42,500	37,300	40,600	38,477	38,584	36,500	33,316	33,400	43,350	41,146	38,540	34,368	32,001	25,026	25,363	24,297	23,578	21,614
Tax Provision	13,252	-875	7,352	21,398	20,534	3,215	9,802	6,932	11,432	-1,170	4,565	9,022	24,272	7,516	-27,388	22,105	5,863	-89,784	2,163	36,427	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	243,262	227,908	224,244	225,585	206,627	209,337	207,086	250,344	228,438	214,625	198,924	203,252	193,671	198,703	181,360	209,371	205,297	195,353	197,981	198,735	195,062	196,703	188,272	184,259	174,878	176,604	177,608	177,214	170,233	173,702	171,781	166,385	171,860	170,394	161,877	168,194	161,328	161,289	156,453	154,593	156,083	146,750	136,117	139,856	141,881	143,965	126,235	118,801	114,711	111,307	103,301	103,209	101,099	103,586	98,618	93,205	81,602	81,066	86,493	72,797	64,764	70,013	79,897	70,095	70,786	64,893	62,745	59,934	51,985	46,147	46,906	47,585	46,947	44,479	40,934	40,257	43,350	39,146	111,115	6,186	5,700	4,934	81,530	4,835	4,535	3,952
Total Other Income Expense Net	-666	-27,349	-16,056	32,582	5,894	17,850	3,846	101	324	2,660	2,261	644	5,174	4,030	1,785	469	329	-6,888	-29,210	-408	429	-464	-3,521	-517	-955	-12,748	-2,109	762	-199	104	-839	-976	-972	27,075	1,049	218	-69	8,303	1,128	1,218	-2,909	-2,986	1,110	-5,774	188	2,027	1,425	2,281	559	1,543	-2,637	234	2,024	1,079	-5,743	-413	-109	2,022	2,565	322	-1,630	-1,382	1,440	-241	-1,190	-254	16	342	7,432	5,427	-8,593	4,020	4,594	3,699	-1,053	2,062	751	2,337	2,943	370	-1,540	224	9,250	46	-351	-130
Total Revenue	315,574	290,562	298,370	375,891	334,921	278,204	289,585	334,371	351,633	285,025	286,799	319,558	389,874	271,191	246,909	351,815	291,877	298,827	302,159	338,258	302,376	265,325	317,447	301,355	287,797	242,048	305,665	267,474	266,267	232,997	277,587	274,340	240,814	229,520	231,702	271,950	234,238	234,238	226,957	223,350	278,592	231,277	216,652	207,074	249,346	236,602	224,755	207,872	260,259	233,378	243,768	218,999	250,026	242,712	227,807	230,269	243,421	221,216	163,877	171,244	204,124	180,258	163,130	154,317	172,557	150,227	128,963	119,613	129,010	104,442	102,143	93,650	104,724	91,025	78,924	79,679	85,101	84,263	68,877	76,050	78,691	65,423	58,108	53,295	55,795	50,274

Latest Income Statement (annual, 2023-09-30)

Gross Profit (+$)
totalRevenue	1,009,182
Cost of Revenue	-117,014
Gross Profit	892,168	892,168

Operating Income (+$)
Gross Profit	892,168
Operating Expense	-656,456
Operating Income	219,247	235,712

Operating Expense (+$)
Research Development	201,097
Selling General Administrative	191,865
Selling And Marketing Expenses	263,494
Operating Expense	656,456	656,456

Net Interest Income (+$)
Interest Income	22,305
Interest Expense	-161
Other Finance Cost	-5,942
Net Interest Income	28,086

Pretax Income (+$)
Operating Income	219,247
Net Interest Income	28,086
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	241,020	197,474 EBIT - interestExpense = 219,086 142,186 191,631
Interest Expense	161
Earnings Before Interest and Taxes (EBIT)	219,247	241,181
Earnings Before Interest and Taxes (EBITDA)	219,247

After tax Income (+$)
Income Before Tax	241,020
Tax Provision	-48,409
Net Income From Continuing Ops	201,644	192,611
Net Income	191,470
Net Income Applicable To Common Shares	200,656

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	773,470
Total Other Income/Expenses Net	21,773	-28,086

Technical Analysis of Dolby
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 Dolby. The general trend of Dolby is BEARISH with 71.4% 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 Dolby'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 (-71.4%)		Bearish trend (71.4%)
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 Dolby Laboratories.

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

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

The bullish price targets are: 83.80 < 84.41 < 84.76.

The bearish price targets are: 77.56 > 77.54 > 75.67.

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Dolby Laboratories 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 Dolby Laboratories. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Dolby Laboratories 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 Dolby Laboratories. The current macd is -0.97992987.

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

Dolby Laboratories 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 Dolby Laboratories. The current adx is 32.06.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Dolby shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.

Dolby Laboratories 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 Dolby Laboratories. The current sar is 77.54.

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

Dolby Laboratories 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 Dolby Laboratories. The current rsi is 43.99. The current phase is Continuation in bear market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Dolby Laboratories 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 Dolby Laboratories. The current phase is Continuation in bear market.

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

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

Dolby Laboratories 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 Dolby Laboratories. The current cci is -46.99756022.

Dolby Laboratories 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 Dolby Laboratories. The current cmo is -6.02754959.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Dolby Laboratories 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 Dolby Laboratories. The current willr is -62.11456555.

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

Dolby Laboratories 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 Dolby Laboratories.

Dolby Laboratories 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 Dolby Laboratories. The current atr is 1.17647385.

Dolby Laboratories 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 Dolby Laboratories. The current obv is 15,167,711.

Dolby Laboratories 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 Dolby Laboratories. The current mfi is 50.46.

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

Dolby Laboratories Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Dolby Laboratories.

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	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-06	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2023-12-08	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-14	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-18	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-21	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-26	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-28	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-02	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-03	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-09	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-11	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-12	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-16	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-17	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-22	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-23	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-24	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-25	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-26	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-31	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-02	STOCH	LONG EXIT		The %K line crosses below the %D line.
	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).
2024-02-06	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-13	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-15	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-22	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.
2024-02-26	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-29	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-05	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-08	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
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.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-19	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-21	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-22	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-03-26	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-03	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-04	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-08	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-09	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-04-10	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).
2024-04-12	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-15	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-16	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-04-18	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-25	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.

6.3. Candlestick Patterns

Dolby Laboratories Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Dolby Laboratories based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	43.990
Ma 20	Greater than	Ma 50	80.852
Ma 50	Greater than	Ma 100	81.521
Ma 100	Greater than	Ma 200	83.211
Open	Greater than	Close	78.840
Total			1/5 (20.0%)

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Quick analysis of Dolby (30 sec.)

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1. Valuation of Dolby (5 min.)

$79.91

$24.65

$-11.47 - $13.55

$13.18 - $38.20

2. Growth of Dolby (5 min.)

Is Dolby growing?

How much money is Dolby making?

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

3. Financial Health of Dolby (5 min.)

4. Comparing to competitors in the Specialty Business Services industry (5 min.)

Industry Rankings (Specialty Business Services)

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

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

Speculation

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Fundamentals of Dolby

About Dolby Laboratories

Financial Health

Valuation

1.1. Profitability of Dolby Laboratories.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Specialty Business Services)

1.1.2. Return on Assets

Trends

Compared to industry (Specialty Business Services)

1.1.3. Return on Equity

Trends

Compared to industry (Specialty Business Services)

1.2. Operating Efficiency of Dolby Laboratories.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Specialty Business Services)

1.2.2. Operating Ratio

Trends

Compared to industry (Specialty Business Services)

1.3. Liquidity of Dolby Laboratories.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Specialty Business Services)

1.3.2. Quick Ratio

Trends

Compared to industry (Specialty Business Services)

1.4. Solvency of Dolby Laboratories.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Specialty Business Services)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Specialty Business Services)

2. Market Valuation of Dolby Laboratories

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Specialty Business Services)

Dolby Laboratories
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