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Endesa SA
Buy, Hold or Sell?

Let's analyse Endesa together

PenkeI guess you are interested in Endesa SA. 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 Endesa SA. 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 Endesa (30 sec.)










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

How much money do you get?

How much money do you get?
‚ā¨1.71
When do you have the money?
1 year
How often do you get paid?
87.5%

What is your share worth?

Current worth
‚ā¨7.02
Expected worth in 1 year
‚ā¨8.60
How sure are you?
77.5%

+ What do you gain per year?

Total Gains per Share
‚ā¨3.16
Return On Investment
17.2%

For what price can you sell your share?

Current Price per Share
‚ā¨18.38
Expected price per share
‚ā¨17.64 - ‚ā¨19.87
How sure are you?
50%

1. Valuation of Endesa (5 min.)




Live pricePrice per Share (EOD)

‚ā¨18.38

Intrinsic Value Per Share

‚ā¨-12.39 - ‚ā¨-2.71

Total Value Per Share

‚ā¨-5.37 - ‚ā¨4.31

2. Growth of Endesa (5 min.)




Is Endesa growing?

Current yearPrevious yearGrowGrow %
How rich?$8b$4.5b$3.1b41.1%

How much money is Endesa making?

Current yearPrevious yearGrowGrow %
Making money$199.7m$683.9m-$484.2m-242.5%
Net Profit Margin2.8%7.8%--

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

3. Financial Health of Endesa (5 min.)




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

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

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

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

Speculation

The Price per Share of Endesa is ‚ā¨18.38. 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 Endesa.
  • 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 Endesa, 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 ‚ā¨7.02. Based on the TTM, the Book Value Change Per Share is ‚ā¨0.39 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨0.05 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 ‚ā¨0.40 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Endesa.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share
Usd Eps-0.32-1.8%0.341.8%0.834.5%0.392.1%0.422.3%
Usd Book Value Change Per Share-0.24-1.3%0.422.3%0.060.3%-0.09-0.5%-0.49-2.7%
Usd Dividend Per Share0.000.0%0.432.3%1.035.6%0.734.0%1.146.2%
Usd Total Gains Per Share-0.24-1.3%0.854.6%1.085.9%0.643.5%0.653.5%
Usd Price Per Share19.88-20.83-19.07-22.00-21.86-
Price to Earnings Ratio-15.41-6.94-8.04--68.73--27.87-
Price-to-Total Gains Ratio-83.15--21.46--84.69--10.75-11.16-
Price to Book Ratio2.63-2.86-5.07-3.34-2.66-
Price-to-Total Gains Ratio-83.15--21.46--84.69--10.75-11.16-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share19.789746
Number of shares50
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.430.73
Usd Book Value Change Per Share0.42-0.09
Usd Total Gains Per Share0.850.64
Gains per Quarter (50 shares)42.5732.15
Gains per Year (50 shares)170.28128.62
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
18585160146-18119
2171170330293-36248
3256255500439-53377
4341340670586-71506
5427425840732-89635
65125101010879-107764
759759511801025-125893
868367913501171-1431022
976876415201318-1601151
1085384916901464-1781280

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%10.02.00.083.3%15.05.00.075.0%34.06.00.085.0%73.06.00.092.4%
Book Value Change Per Share2.02.00.050.0%4.08.00.033.3%7.013.00.035.0%18.022.00.045.0%45.034.00.057.0%
Dividend per Share1.00.03.025.0%9.00.03.075.0%15.00.05.075.0%35.00.05.087.5%60.00.019.075.9%
Total Gains per Share2.02.00.050.0%7.05.00.058.3%12.08.00.060.0%31.09.00.077.5%60.019.00.075.9%

Fundamentals of Endesa

About Endesa SA

Endesa, S.A. engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, Morocco, Italy, the United Kingdom, Singapore, and internationally. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar. It also offers advisory services and technology relating to energy efficiency, distributed generation, and energy demand management; deploys structures for recharging electric vehicles, vehicle-to-grid, and second-life services for batteries; develops integrated services for local administrations, such as public lighting, smart city development, energy efficiency services, and solutions for connectivity; and provides energy producers with financial solutions, as well as provides engineering and construction activities for facilities related to the electricity business. As of December 31, 2023, it had an installed capacity of 21,247 MW in Spain; operates 319,136 km of distribution and transmission networks; and distributes electricity to 10,522 thousands customers and gas to 1,829 thousands customers. The company was formerly known as Empresa Nacional de Electricidad, S.A. and changed its name to Endesa, S.A. in June 1997. The company was incorporated in 1944 and is headquartered in Madrid, Spain. Endesa, S.A. operates as a subsidiary of Enel Iberia Srl.

Fundamental data was last updated by Penke on 2024-06-06 14:44:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

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

1.1. Profitability of Endesa SA.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Endesa earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare¬†Endesa to the¬†Utilities - Regulated Electric industry mean.
  • A Net Profit Margin of -5.1%¬†means that¬†€-0.05 for each €1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Endesa SA:

  • The MRQ is -5.1%. The company is making a loss. -1
  • The TTM is 2.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ-5.1%TTM2.8%-7.9%
TTM2.8%YOY7.8%-5.0%
TTM2.8%5Y5.5%-2.8%
5Y5.5%10Y8.1%-2.6%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Endesa to the¬†Utilities - Regulated Electric industry mean.
  • -0.8% Return on Assets means that¬†Endesa generated¬†€-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Endesa SA:

  • The MRQ is -0.8%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 0.4%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-0.8%TTM0.4%-1.2%
TTM0.4%YOY1.2%-0.8%
TTM0.4%5Y0.8%-0.4%
5Y0.8%10Y1.0%-0.3%
1.1.3. Return on Equity

Shows how efficient Endesa is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Endesa to the¬†Utilities - Regulated Electric industry mean.
  • -4.5% Return on Equity means Endesa generated €-0.05¬†for each¬†€1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Endesa SA:

  • The MRQ is -4.5%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is 2.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-4.5%TTM2.7%-7.2%
TTM2.7%YOY19.8%-17.0%
TTM2.7%5Y6.4%-3.6%
5Y6.4%10Y5.4%+1.0%

1.2. Operating Efficiency of Endesa SA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Endesa is operating .

  • Measures how much profit Endesa 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¬†Endesa to the¬†Utilities - Regulated Electric industry mean.
  • An Operating Margin of 9.9%¬†means the company generated €0.10 ¬†for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Endesa SA:

  • The MRQ is 9.9%. The company is operating less efficient.
  • The TTM is 18.8%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ9.9%TTM18.8%-9.0%
TTM18.8%YOY18.7%+0.1%
TTM18.8%5Y14.3%+4.5%
5Y14.3%10Y8.9%+5.4%
1.2.2. Operating Ratio

Measures how efficient Endesa is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Utilities - Regulated Electric industry mean).
  • An Operation Ratio of 0.90 means that the operating costs are €0.90 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Endesa SA:

  • The MRQ is 0.901. The company is less efficient in keeping operating costs low.
  • The TTM is 0.804. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.901TTM0.804+0.097
TTM0.804YOY0.822-0.017
TTM0.8045Y0.872-0.067
5Y0.87210Y0.913-0.041

1.3. Liquidity of Endesa SA.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†Utilities - Regulated Electric industry mean).
  • A Current Ratio of 0.85¬†means the company has €0.85 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Endesa SA:

  • The MRQ is 0.855. The company is just not able to pay all its short-term debts. -1
  • The TTM is 1.007. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ0.855TTM1.007-0.152
TTM1.007YOY0.915+0.092
TTM1.0075Y0.844+0.163
5Y0.84410Y0.891-0.047
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Endesa to the¬†Utilities - Regulated Electric industry mean.
  • A Quick Ratio of 0.61¬†means the company can pay off €0.61 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Endesa SA:

  • The MRQ is 0.609. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.928. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.609TTM0.928-0.320
TTM0.928YOY0.843+0.085
TTM0.9285Y0.788+0.141
5Y0.78810Y0.825-0.037

1.4. Solvency of Endesa SA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Endesa to Utilities - Regulated Electric industry mean.
  • A Debt to Asset Ratio of 0.82¬†means that Endesa assets are¬†financed with 82.0% credit (debt) and the remaining percentage (100% - 82.0%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Endesa SA:

  • The MRQ is 0.820. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.832. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.820TTM0.832-0.012
TTM0.832YOY0.915-0.084
TTM0.8325Y0.806+0.026
5Y0.80610Y0.736+0.069
1.4.2. Debt to Equity Ratio

Measures if Endesa is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Endesa to the¬†Utilities - Regulated Electric industry mean.
  • A Debt to Equity ratio of 482.4% means that company has €4.82 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Endesa SA:

  • The MRQ is 4.824. The company is unable to pay all its debts with equity. -1
  • The TTM is 5.203. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ4.824TTM5.203-0.379
TTM5.203YOY15.330-10.126
TTM5.2035Y6.173-0.969
5Y6.17310Y4.172+2.001

2. Market Valuation of Endesa SA

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 Endesa generates.

  • Above 15 is considered overpriced but¬†always compare¬†Endesa to the¬†Utilities - Regulated Electric industry mean.
  • A PE ratio of -15.41 means the investor is paying €-15.41¬†for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Endesa SA:

  • The EOD is -15.343. Based on the earnings, the company is expensive. -2
  • The MRQ is -15.410. Based on the earnings, the company is expensive. -2
  • The TTM is 6.937. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-15.343MRQ-15.410+0.067
MRQ-15.410TTM6.937-22.348
TTM6.937YOY8.039-1.101
TTM6.9375Y-68.734+75.671
5Y-68.73410Y-27.870-40.864
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Endesa SA:

  • The EOD is 17.248. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 17.323. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 6.312. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD17.248MRQ17.323-0.075
MRQ17.323TTM6.312+11.011
TTM6.312YOY-1.975+8.287
TTM6.3125Y1.493+4.818
5Y1.49310Y-12.365+13.859
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Utilities - Regulated Electric industry mean).
  • A PB ratio of 2.63 means the investor is paying €2.63¬†for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Endesa SA:

  • The EOD is 2.618. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.630. Based on the equity, the company is underpriced. +1
  • The TTM is 2.857. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.618MRQ2.630-0.011
MRQ2.630TTM2.857-0.228
TTM2.857YOY5.074-2.217
TTM2.8575Y3.338-0.481
5Y3.33810Y2.661+0.677
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Endesa SA compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.2220.394-156%0.052-531%-0.083-63%-0.457+106%
Book Value Per Share--7.0206.807+3%4.006+75%6.685+5%8.979-22%
Current Ratio--0.8551.007-15%0.915-7%0.844+1%0.891-4%
Debt To Asset Ratio--0.8200.832-1%0.915-10%0.806+2%0.736+11%
Debt To Equity Ratio--4.8245.203-7%15.330-69%6.173-22%4.172+16%
Dividend Per Share---0.396-100%0.953-100%0.680-100%1.059-100%
Eps---0.2990.316-195%0.774-139%0.360-183%0.386-178%
Free Cash Flow Per Share--0.2660.287-7%-0.109+141%0.184+45%0.275-3%
Free Cash Flow To Equity Per Share---0.174-1.284+639%1.462-112%0.111-256%-0.226+30%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---2.713--------
Intrinsic Value_10Y_min---12.386--------
Intrinsic Value_1Y_max--0.901--------
Intrinsic Value_1Y_min--0.128--------
Intrinsic Value_3Y_max--1.814--------
Intrinsic Value_3Y_min---0.799--------
Intrinsic Value_5Y_max--1.649--------
Intrinsic Value_5Y_min---3.016--------
Market Cap19440341905.920-1%19540231905.48020476250727.170-5%18748105264.003+4%21635117522.160-10%21497431503.987-9%
Net Profit Margin---0.0510.028-285%0.078-166%0.055-193%0.081-163%
Operating Margin--0.0990.188-48%0.187-47%0.143-31%0.089+11%
Operating Ratio--0.9010.804+12%0.822+10%0.872+3%0.913-1%
Pb Ratio2.6180%2.6302.857-8%5.074-48%3.338-21%2.661-1%
Pe Ratio-15.343+0%-15.4106.937-322%8.039-292%-68.734+346%-27.870+81%
Price Per Share18.3800%18.46019.346-5%17.708+4%20.436-10%20.305-9%
Price To Free Cash Flow Ratio17.2480%17.3236.312+174%-1.975+111%1.493+1060%-12.365+171%
Price To Total Gains Ratio-82.790+0%-83.150-21.456-74%-84.691+2%-10.748-87%11.159-845%
Quick Ratio--0.6090.928-34%0.843-28%0.788-23%0.825-26%
Return On Assets---0.0080.004-291%0.012-163%0.008-201%0.010-173%
Return On Equity---0.0450.027-266%0.198-123%0.064-171%0.054-184%
Total Gains Per Share---0.2220.791-128%1.004-122%0.597-137%0.603-137%
Usd Book Value--8000957700.0007757085150.000+3%4566823050.000+75%7620613425.000+5%10234975612.500-22%
Usd Book Value Change Per Share---0.2390.425-156%0.055-531%-0.089-63%-0.492+106%
Usd Book Value Per Share--7.5597.329+3%4.314+75%7.198+5%9.667-22%
Usd Dividend Per Share---0.427-100%1.026-100%0.732-100%1.141-100%
Usd Eps---0.3220.340-195%0.833-139%0.387-183%0.415-178%
Usd Free Cash Flow--303629400.000327047625.000-7%-123820500.000+141%210010335.000+45%312996690.000-3%
Usd Free Cash Flow Per Share--0.2870.309-7%-0.117+141%0.198+45%0.296-3%
Usd Free Cash Flow To Equity Per Share---0.187-1.383+639%1.574-112%0.120-256%-0.243+30%
Usd Market Cap20931416130.104-1%21038967692.63022046779157.944-5%20186084937.752+4%23294531036.109-10%23146284500.343-9%
Usd Price Per Share19.7900%19.87620.830-5%19.066+4%22.003-10%21.863-9%
Usd Profit---341313900.000199727850.000-271%683973675.000-150%338245305.000-201%403681747.500-185%
Usd Revenue--6650775900.0006747140550.000-1%8758954500.000-24%6138805050.000+8%5685191340.000+17%
Usd Total Gains Per Share---0.2390.851-128%1.081-122%0.643-137%0.649-137%
 EOD+4 -4MRQTTM+10 -25YOY+14 -215Y+11 -2410Y+9 -26

3.2. Fundamental Score

Let's check the fundamental score of Endesa SA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-15.343
Price to Book Ratio (EOD)Between0-12.618
Net Profit Margin (MRQ)Greater than0-0.051
Operating Margin (MRQ)Greater than00.099
Quick Ratio (MRQ)Greater than10.609
Current Ratio (MRQ)Greater than10.855
Debt to Asset Ratio (MRQ)Less than10.820
Debt to Equity Ratio (MRQ)Less than14.824
Return on Equity (MRQ)Greater than0.15-0.045
Return on Assets (MRQ)Greater than0.05-0.008
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of Endesa SA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.042
Ma 20Greater thanMa 5018.364
Ma 50Greater thanMa 10017.737
Ma 100Greater thanMa 20017.405
OpenGreater thanClose18.415
Total4/5 (80.0%)



Reversals in quarterly reports

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

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Income before Tax  1,212,000-342,000870,000-479,000391,000-149,000242,000-680,000-438,000
Net Income  890,000-296,000594,000-309,000285,000-105,000180,000-497,000-317,000
Tax Provision  570,000-301,000269,000-166,000103,000-42,00061,000-191,000-130,000
Income Tax Expense  309,000-40,000269,000-166,000103,000-42,00061,000-191,000-130,000
Net Income from Continuing Operations  903,000-302,000601,000-313,000288,000-104,000184,000-495,000-311,000



Latest Balance Sheet

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

Summary
Total Assets41,283,000
Total Liabilities33,852,000
Total Stockholder Equity7,017,000
 As reported
Total Liabilities 33,852,000
Total Stockholder Equity+ 7,017,000
Total Assets = 41,283,000

Assets

Total Assets41,283,000
Total Current Assets12,458,000
Long-term Assets28,825,000
Total Current Assets
Cash And Cash Equivalents 2,106,000
Short-term Investments 1,217,000
Net Receivables 5,548,000
Other Current Assets 2,744,000
Total Current Assets  (as reported)12,458,000
Total Current Assets  (calculated)11,615,000
+/- 843,000
Long-term Assets
Property Plant Equipment 22,839,000
Goodwill 462,000
Intangible Assets 1,646,000
Long-term Assets Other 386,000
Long-term Assets  (as reported)28,825,000
Long-term Assets  (calculated)25,333,000
+/- 3,492,000

Liabilities & Shareholders' Equity

Total Current Liabilities14,575,000
Long-term Liabilities19,277,000
Total Stockholder Equity7,017,000
Total Current Liabilities
Short-term Debt 4,091,000
Short Long Term Debt 4,007,000
Accounts payable 6,242,000
Other Current Liabilities 3,815,000
Total Current Liabilities  (as reported)14,575,000
Total Current Liabilities  (calculated)18,155,000
+/- 3,580,000
Long-term Liabilities
Long term Debt 8,852,000
Capital Lease Obligations 868,000
Long-term Liabilities  (as reported)19,277,000
Long-term Liabilities  (calculated)9,720,000
+/- 9,557,000
Total Stockholder Equity
Common Stock1,271,000
Retained Earnings 5,336,000
Accumulated Other Comprehensive Income -79,000
Other Stockholders Equity 489,000
Total Stockholder Equity (as reported)7,017,000
Total Stockholder Equity (calculated)7,017,000
+/-0
Other
Capital Stock1,271,000
Cash and Short Term Investments 2,106,000
Common Stock Shares Outstanding 1,058,517
Current Deferred Revenue427,000
Liabilities and Stockholders Equity 41,283,000
Net Debt 11,621,000
Net Invested Capital 19,876,000
Net Working Capital -2,117,000
Property Plant and Equipment Gross 59,941,000
Short Long Term Debt Total 13,727,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-302002-12-312002-06-302001-12-312001-06-302000-12-312000-06-30
> Total Assets 
8,439,468,000
7,986,998,000
50,224,000
50,187,000
48,790,000
48,176,000
49,504,000
46,047,000
46,908,000
45,392,000
46,838,000
48,031,000
48,959,000
50,722,000
51,923,000
55,365,000
55,814,000
54,509,000
56,356,000
54,088,000
54,477,000
54,928,000
55,869,000
58,047,000
61,112,000
61,436,000
58,678,000
58,546,000
58,212,000
57,784,000
58,549,000
60,195,000
61,353,000
61,651,000
62,019,000
62,588,000
60,094,000
58,248,000
58,514,000
58,721,000
58,561,000
58,639,000
59,401,000
58,778,000
59,475,000
57,241,000
57,138,000
56,457,000
53,307,000
53,578,000
54,779,000
30,696,000
30,826,000
30,420,000
29,663,000
29,245,000
29,097,000
28,900,000
30,450,000
30,964,000
30,899,000
30,897,000
31,040,000
31,037,000
30,999,000
31,862,000
32,068,000
31,656,000
32,211,000
32,492,000
31,958,000
31,981,000
32,607,000
31,895,000
31,661,000
32,062,000
32,627,000
34,723,000
41,647,000
39,968,000
47,966,000
49,009,000
60,660,000
49,960,000
46,649,000
42,792,000
41,095,000
41,283,000
41,283,00041,095,00042,792,00046,649,00049,960,00060,660,00049,009,00047,966,00039,968,00041,647,00034,723,00032,627,00032,062,00031,661,00031,895,00032,607,00031,981,00031,958,00032,492,00032,211,00031,656,00032,068,00031,862,00030,999,00031,037,00031,040,00030,897,00030,899,00030,964,00030,450,00028,900,00029,097,00029,245,00029,663,00030,420,00030,826,00030,696,00054,779,00053,578,00053,307,00056,457,00057,138,00057,241,00059,475,00058,778,00059,401,00058,639,00058,561,00058,721,00058,514,00058,248,00060,094,00062,588,00062,019,00061,651,00061,353,00060,195,00058,549,00057,784,00058,212,00058,546,00058,678,00061,436,00061,112,00058,047,00055,869,00054,928,00054,477,00054,088,00056,356,00054,509,00055,814,00055,365,00051,923,00050,722,00048,959,00048,031,00046,838,00045,392,00046,908,00046,047,00049,504,00048,176,00048,790,00050,187,00050,224,0007,986,998,0008,439,468,000
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,293,000
0
0
0
11,368,000
0
18,668,000
0
19,033,000
0
0
0
15,552,000
0
14,454,000
15,415,000
14,291,000
14,706,000
14,251,000
14,856,000
13,606,000
11,017,000
11,032,000
29,157,000
5,945,000
5,958,000
5,795,000
5,170,000
4,979,000
4,839,000
4,954,000
4,962,000
5,435,000
5,323,000
5,439,000
5,673,000
5,530,000
5,548,000
6,117,000
6,193,000
5,655,000
5,961,000
6,005,000
5,953,000
6,100,000
6,820,000
6,109,000
6,005,000
6,234,000
6,820,000
8,256,000
14,148,000
11,652,000
18,601,000
18,894,000
28,114,000
19,925,000
17,906,000
14,031,000
12,571,000
12,458,000
12,458,00012,571,00014,031,00017,906,00019,925,00028,114,00018,894,00018,601,00011,652,00014,148,0008,256,0006,820,0006,234,0006,005,0006,109,0006,820,0006,100,0005,953,0006,005,0005,961,0005,655,0006,193,0006,117,0005,548,0005,530,0005,673,0005,439,0005,323,0005,435,0004,962,0004,954,0004,839,0004,979,0005,170,0005,795,0005,958,0005,945,00029,157,00011,032,00011,017,00013,606,00014,856,00014,251,00014,706,00014,291,00015,415,00014,454,000015,552,00000019,033,000018,668,000011,368,00000015,293,000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,787,000
0
0
0
1,838,000
0
1,150,000
0
1,828,000
0
0
0
2,788,000
0
2,372,000
1,806,000
1,986,000
2,711,000
2,242,000
2,397,000
4,335,000
2,751,000
2,791,000
1,110,000
648,000
799,000
653,000
228,000
346,000
213,000
674,000
663,000
418,000
398,000
451,000
427,000
399,000
240,000
880,000
199,000
244,000
235,000
454,000
437,000
223,000
191,000
379,000
270,000
403,000
474,000
177,000
568,000
695,000
565,000
199,000
563,000
871,000
1,022,000
697,000
330,000
2,106,000
2,106,000330,000697,0001,022,000871,000563,000199,000565,000695,000568,000177,000474,000403,000270,000379,000191,000223,000437,000454,000235,000244,000199,000880,000240,000399,000427,000451,000398,000418,000663,000674,000213,000346,000228,000653,000799,000648,0001,110,0002,791,0002,751,0004,335,0002,397,0002,242,0002,711,0001,986,0001,806,0002,372,00002,788,0000001,828,00001,150,00001,838,0000004,787,000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
188,000
0
0
0
907,000
0
8,430,000
0
9,434,000
0
0
0
5,652,000
0
5,144,000
6,075,000
307,000
4,918,000
1,298,000
6,312,000
1,029,000
1,541,000
397,000
0
1,210,000
715,000
717,000
723,000
353,000
247,000
267,000
345,000
363,000
363,000
630,000
839,000
764,000
770,000
893,000
1,256,000
983,000
1,108,000
1,347,000
1,424,000
1,215,000
314,000
294,000
1,258,000
1,177,000
1,127,000
1,089,000
1,368,000
885,000
3,556,000
3,687,000
11,004,000
6,266,000
6,873,000
3,173,000
4,066,000
1,217,000
1,217,0004,066,0003,173,0006,873,0006,266,00011,004,0003,687,0003,556,000885,0001,368,0001,089,0001,127,0001,177,0001,258,000294,000314,0001,215,0001,424,0001,347,0001,108,000983,0001,256,000893,000770,000764,000839,000630,000363,000363,000345,000267,000247,000353,000723,000717,000715,0001,210,0000397,0001,541,0001,029,0006,312,0001,298,0004,918,000307,0006,075,0005,144,00005,652,0000009,434,00008,430,0000907,000000188,000000000000000000000000000000
       Net Receivables 
623,715,000
637,867,000
0
4,280,000
4,245,000
3,865,000
4,262,000
4,096,000
0
4,337,000
0
0
5,140,000
5,454,000
0
6,098,000
5,935,000
5,913,000
6,078,000
5,819,000
6,301,000
6,223,000
6,479,000
5,748,000
7,380,000
8,719,000
8,163,000
6,628,000
7,083,000
7,111,000
6,969,000
6,914,000
7,478,000
6,197,000
6,966,000
5,786,000
6,226,000
9,272,000
5,595,000
5,288,000
5,568,000
5,913,000
5,799,000
5,853,000
5,717,000
5,177,000
5,041,000
5,468,000
5,514,000
5,761,000
25,750,000
3,966,000
3,497,000
3,229,000
3,240,000
3,114,000
3,098,000
2,728,000
2,893,000
3,491,000
3,254,000
3,112,000
3,204,000
3,483,000
3,255,000
2,788,000
3,469,000
3,576,000
3,168,000
2,091,000
3,037,000
3,871,000
3,962,000
3,689,000
4,519,000
4,001,000
4,951,000
4,807,000
11,091,000
4,340,000
6,661,000
5,176,000
8,647,000
8,398,000
6,140,000
6,861,000
5,583,000
5,548,000
5,548,0005,583,0006,861,0006,140,0008,398,0008,647,0005,176,0006,661,0004,340,00011,091,0004,807,0004,951,0004,001,0004,519,0003,689,0003,962,0003,871,0003,037,0002,091,0003,168,0003,576,0003,469,0002,788,0003,255,0003,483,0003,204,0003,112,0003,254,0003,491,0002,893,0002,728,0003,098,0003,114,0003,240,0003,229,0003,497,0003,966,00025,750,0005,761,0005,514,0005,468,0005,041,0005,177,0005,717,0005,853,0005,799,0005,913,0005,568,0005,288,0005,595,0009,272,0006,226,0005,786,0006,966,0006,197,0007,478,0006,914,0006,969,0007,111,0007,083,0006,628,0008,163,0008,719,0007,380,0005,748,0006,479,0006,223,0006,301,0005,819,0006,078,0005,913,0005,935,0006,098,00005,454,0005,140,000004,337,00004,096,0004,262,0003,865,0004,245,0004,280,0000637,867,000623,715,000
       Other Current Assets 
4,679,000
6,023,000
0
58,000
50,000
60,000
42,000
46,000
0
42,000
0
0
0
1,075,000
5,875,000
22,000
22,000
0
0
3,000
0
0
0
10,569,000
10,502,000
2,259,000
2,437,000
9,226,000
1,534,000
715,000
648,000
7,566,000
1,004,000
7,956,000
1,416,000
6,642,000
432,000
3,246,000
503,000
5,859,000
423,000
5,665,000
6,205,000
4,839,000
5,803,000
4,279,000
5,041,000
1,648,000
5,518,000
850,000
1,251,000
3,079,000
3,497,000
3,437,000
3,240,000
3,018,000
3,098,000
2,906,000
2,935,000
3,452,000
3,254,000
3,240,000
3,204,000
3,100,000
3,255,000
3,122,000
3,469,000
2,955,000
3,168,000
3,089,000
3,037,000
3,485,000
1,108,000
894,000
3,560,000
3,577,000
4,099,000
5,953,000
11,091,000
917,000
9,914,000
1,605,000
17,325,000
2,268,000
8,663,000
2,070,000
5,333,000
2,744,000
2,744,0005,333,0002,070,0008,663,0002,268,00017,325,0001,605,0009,914,000917,00011,091,0005,953,0004,099,0003,577,0003,560,000894,0001,108,0003,485,0003,037,0003,089,0003,168,0002,955,0003,469,0003,122,0003,255,0003,100,0003,204,0003,240,0003,254,0003,452,0002,935,0002,906,0003,098,0003,018,0003,240,0003,437,0003,497,0003,079,0001,251,000850,0005,518,0001,648,0005,041,0004,279,0005,803,0004,839,0006,205,0005,665,000423,0005,859,000503,0003,246,000432,0006,642,0001,416,0007,956,0001,004,0007,566,000648,000715,0001,534,0009,226,0002,437,0002,259,00010,502,00010,569,0000003,0000022,00022,0005,875,0001,075,00000042,000046,00042,00060,00050,00058,00006,023,0004,679,000
   > Long-term 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
43,253,000
0
0
0
48,827,000
0
42,983,000
0
43,555,000
0
0
0
43,169,000
0
44,185,000
43,986,000
44,487,000
44,769,000
42,990,000
42,282,000
42,851,000
42,290,000
42,546,000
25,622,000
24,751,000
24,868,000
24,625,000
24,493,000
24,266,000
24,258,000
23,946,000
25,488,000
25,529,000
25,576,000
25,458,000
25,367,000
25,507,000
25,451,000
25,745,000
25,875,000
26,001,000
26,250,000
26,487,000
26,005,000
25,881,000
25,787,000
25,786,000
25,656,000
25,828,000
25,807,000
26,467,000
27,499,000
28,316,000
29,365,000
30,115,000
32,546,000
30,035,000
28,743,000
28,761,000
28,524,000
28,825,000
28,825,00028,524,00028,761,00028,743,00030,035,00032,546,00030,115,00029,365,00028,316,00027,499,00026,467,00025,807,00025,828,00025,656,00025,786,00025,787,00025,881,00026,005,00026,487,00026,250,00026,001,00025,875,00025,745,00025,451,00025,507,00025,367,00025,458,00025,576,00025,529,00025,488,00023,946,00024,258,00024,266,00024,493,00024,625,00024,868,00024,751,00025,622,00042,546,00042,290,00042,851,00042,282,00042,990,00044,769,00044,487,00043,986,00044,185,000043,169,00000043,555,000042,983,000048,827,00000043,253,000000000000000000000000000000
       Property Plant Equipment 
5,086,064,000
5,060,247,000
36,717,000
30,152,000
28,189,000
27,741,000
26,821,000
26,962,000
32,487,000
27,428,000
33,519,000
33,958,000
29,099,000
30,465,000
31,367,000
32,313,000
32,405,000
31,895,000
32,700,000
33,714,000
33,718,000
34,591,000
34,939,000
30,142,000
30,777,000
30,930,000
31,252,000
31,528,000
32,722,000
33,559,000
33,796,000
35,059,000
32,152,000
32,416,000
32,030,000
32,896,000
32,140,000
32,200,000
32,171,000
32,904,000
33,052,000
33,446,000
33,526,000
34,106,000
34,040,000
33,005,000
32,564,000
32,053,000
31,110,000
31,664,000
21,028,000
21,104,000
21,026,000
20,927,000
20,796,000
20,815,000
20,726,000
20,659,000
21,899,000
21,891,000
21,772,000
21,674,000
21,569,000
21,727,000
21,566,000
21,777,000
21,791,000
21,840,000
22,038,000
22,259,000
21,469,000
21,329,000
21,166,000
21,307,000
21,286,000
21,354,000
21,216,000
21,517,000
21,634,000
22,097,000
22,058,000
22,131,000
22,086,000
22,338,000
22,220,000
22,416,000
22,444,000
22,839,000
22,839,00022,444,00022,416,00022,220,00022,338,00022,086,00022,131,00022,058,00022,097,00021,634,00021,517,00021,216,00021,354,00021,286,00021,307,00021,166,00021,329,00021,469,00022,259,00022,038,00021,840,00021,791,00021,777,00021,566,00021,727,00021,569,00021,674,00021,772,00021,891,00021,899,00020,659,00020,726,00020,815,00020,796,00020,927,00021,026,00021,104,00021,028,00031,664,00031,110,00032,053,00032,564,00033,005,00034,040,00034,106,00033,526,00033,446,00033,052,00032,904,00032,171,00032,200,00032,140,00032,896,00032,030,00032,416,00032,152,00035,059,00033,796,00033,559,00032,722,00031,528,00031,252,00030,930,00030,777,00030,142,00034,939,00034,591,00033,718,00033,714,00032,700,00031,895,00032,405,00032,313,00031,367,00030,465,00029,099,00033,958,00033,519,00027,428,00032,487,00026,962,00026,821,00027,741,00028,189,00030,152,00036,717,0005,060,247,0005,086,064,000
       Goodwill 
0
821,143,000
0
5,543,000
0
4,970,000
4,660,000
4,584,000
0
0
0
0
0
3,763,000
4,142,000
4,278,000
4,235,000
4,036,000
4,044,000
3,986,000
3,991,000
4,021,000
4,042,000
2,291,000
2,407,000
2,154,000
2,184,000
2,053,000
2,708,000
2,689,000
2,586,000
2,815,000
2,794,000
3,007,000
2,986,000
2,797,000
2,594,000
2,620,000
2,516,000
2,617,000
2,676,000
2,703,000
2,764,000
2,676,000
2,790,000
2,531,000
2,456,000
2,313,000
2,230,000
2,254,000
0
0
0
0
0
0
0
0
306,000
300,000
461,000
459,000
459,000
459,000
459,000
459,000
480,000
479,000
479,000
479,000
465,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000
462,000462,000462,000462,000462,000462,000462,000462,000462,000462,000462,000462,000462,000462,000462,000462,000462,000465,000479,000479,000479,000480,000459,000459,000459,000459,000459,000461,000300,000306,000000000002,254,0002,230,0002,313,0002,456,0002,531,0002,790,0002,676,0002,764,0002,703,0002,676,0002,617,0002,516,0002,620,0002,594,0002,797,0002,986,0003,007,0002,794,0002,815,0002,586,0002,689,0002,708,0002,053,0002,184,0002,154,0002,407,0002,291,0004,042,0004,021,0003,991,0003,986,0004,044,0004,036,0004,235,0004,278,0004,142,0003,763,000000004,584,0004,660,0004,970,00005,543,0000821,143,0000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
340,000
930,000
227,000
909,000
322,000
1,001,000
978,000
1,074,000
345,000
1,212,000
1,053,000
1,161,000
291,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000291,0001,161,0001,053,0001,212,000345,0001,074,000978,0001,001,000322,000909,000227,000930,000340,00000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
910,517,000
896,573,000
0
6,068,000
6,104,000
5,472,000
5,151,000
5,110,000
0
4,891,000
0
0
709,000
4,480,000
4,865,000
5,141,000
6,098,000
5,274,000
5,246,000
4,790,000
4,612,000
4,517,000
4,669,000
2,801,000
3,588,000
3,273,000
3,486,000
1,183,000
4,131,000
3,658,000
3,621,000
3,840,000
5,997,000
6,081,000
6,002,000
3,167,000
6,087,000
5,886,000
5,540,000
5,630,000
5,890,000
5,393,000
2,683,000
2,772,000
2,765,000
2,415,000
2,285,000
2,290,000
2,254,000
2,239,000
505,000
627,000
822,000
650,000
688,000
428,000
413,000
413,000
1,119,000
1,172,000
1,176,000
1,166,000
1,179,000
1,196,000
1,270,000
1,296,000
1,313,000
1,355,000
1,328,000
1,322,000
1,322,000
1,375,000
1,357,000
1,341,000
1,402,000
1,399,000
1,445,000
1,457,000
1,520,000
1,547,000
1,556,000
1,610,000
1,617,000
1,636,000
1,647,000
1,669,000
1,673,000
1,646,000
1,646,0001,673,0001,669,0001,647,0001,636,0001,617,0001,610,0001,556,0001,547,0001,520,0001,457,0001,445,0001,399,0001,402,0001,341,0001,357,0001,375,0001,322,0001,322,0001,328,0001,355,0001,313,0001,296,0001,270,0001,196,0001,179,0001,166,0001,176,0001,172,0001,119,000413,000413,000428,000688,000650,000822,000627,000505,0002,239,0002,254,0002,290,0002,285,0002,415,0002,765,0002,772,0002,683,0005,393,0005,890,0005,630,0005,540,0005,886,0006,087,0003,167,0006,002,0006,081,0005,997,0003,840,0003,621,0003,658,0004,131,0001,183,0003,486,0003,273,0003,588,0002,801,0004,669,0004,517,0004,612,0004,790,0005,246,0005,274,0006,098,0005,141,0004,865,0004,480,000709,000004,891,00005,110,0005,151,0005,472,0006,104,0006,068,0000896,573,000910,517,000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
235,000
0
0
0
965,000
0
8,778,000
0
9,503,000
0
0
0
5,726,000
0
5,793,000
6,160,000
395,000
5,011,000
1,450,000
6,394,000
2,225,000
1,613,000
515,000
2,972,000
1,816,000
737,000
752,000
745,000
974,000
304,000
288,000
365,000
952,000
383,000
658,000
859,000
1,304,000
778,000
965,000
1,270,000
1,635,000
1,170,000
1,550,000
1,486,000
1,372,000
375,000
354,000
1,318,000
1,404,000
1,184,000
1,639,000
1,425,000
2,545,000
5,424,000
5,925,000
14,173,000
9,030,000
8,134,000
5,076,000
365,000
386,000
386,000365,0005,076,0008,134,0009,030,00014,173,0005,925,0005,424,0002,545,0001,425,0001,639,0001,184,0001,404,0001,318,000354,000375,0001,372,0001,486,0001,550,0001,170,0001,635,0001,270,000965,000778,0001,304,000859,000658,000383,000952,000365,000288,000304,000974,000745,000752,000737,0001,816,0002,972,000515,0001,613,0002,225,0006,394,0001,450,0005,011,000395,0006,160,0005,793,00005,726,0000009,503,00008,778,0000965,000000235,000000000000000000000000000000
> Total Liabilities 
6,140,098,000
5,852,512,000
36,949,000
37,769,000
36,837,000
36,958,000
35,375,000
32,301,000
32,624,000
31,309,000
31,766,000
32,843,000
34,292,000
36,838,000
36,802,000
37,619,000
39,282,000
37,878,000
38,613,000
36,722,000
36,511,000
38,550,000
37,351,000
39,476,000
41,670,000
39,291,000
35,776,000
37,782,000
41,545,000
40,199,000
39,972,000
41,225,000
40,643,000
40,063,000
40,052,000
39,424,000
36,863,000
34,833,000
34,602,000
34,042,000
33,027,000
33,175,000
33,179,000
11,756,000
30,576,000
28,794,000
28,482,000
29,688,000
26,751,000
26,358,000
27,356,000
22,121,000
21,817,000
21,398,000
20,321,000
20,206,000
19,717,000
19,685,000
20,547,000
21,876,000
21,562,000
21,862,000
21,581,000
21,804,000
21,380,000
22,534,000
22,352,000
22,475,000
22,533,000
23,393,000
23,468,000
24,144,000
23,865,000
23,649,000
23,127,000
24,597,000
24,521,000
27,698,000
34,642,000
34,424,000
43,005,000
44,708,000
58,717,000
44,199,000
39,344,000
36,376,000
33,429,000
33,852,000
33,852,00033,429,00036,376,00039,344,00044,199,00058,717,00044,708,00043,005,00034,424,00034,642,00027,698,00024,521,00024,597,00023,127,00023,649,00023,865,00024,144,00023,468,00023,393,00022,533,00022,475,00022,352,00022,534,00021,380,00021,804,00021,581,00021,862,00021,562,00021,876,00020,547,00019,685,00019,717,00020,206,00020,321,00021,398,00021,817,00022,121,00027,356,00026,358,00026,751,00029,688,00028,482,00028,794,00030,576,00011,756,00033,179,00033,175,00033,027,00034,042,00034,602,00034,833,00036,863,00039,424,00040,052,00040,063,00040,643,00041,225,00039,972,00040,199,00041,545,00037,782,00035,776,00039,291,00041,670,00039,476,00037,351,00038,550,00036,511,00036,722,00038,613,00037,878,00039,282,00037,619,00036,802,00036,838,00034,292,00032,843,00031,766,00031,309,00032,624,00032,301,00035,375,00036,958,00036,837,00037,769,00036,949,0005,852,512,0006,140,098,000
   > Total Current Liabilities 
1,678,408,000
1,576,018,000
8,368,000
9,610,000
10,279,000
11,582,000
9,523,000
8,692,000
8,753,000
8,660,000
8,449,000
8,755,000
7,306,000
7,696,000
7,006,000
10,408,000
11,240,000
8,548,000
7,549,000
8,145,000
7,327,000
8,146,000
7,512,000
11,252,000
12,274,000
11,668,000
10,232,000
10,846,000
10,349,000
10,230,000
9,273,000
11,234,000
10,754,000
9,817,000
10,835,000
12,041,000
10,746,000
11,647,000
12,549,000
10,307,000
10,202,000
9,901,000
9,995,000
10,765,000
10,865,000
9,783,000
9,036,000
11,214,000
9,558,000
8,782,000
15,689,000
6,406,000
6,142,000
6,048,000
5,378,000
5,871,000
5,414,000
5,808,000
5,211,000
7,521,000
7,018,000
7,165,000
7,210,000
7,535,000
6,580,000
7,039,000
6,870,000
7,694,000
7,565,000
7,971,000
7,643,000
8,465,000
8,336,000
8,241,000
7,700,000
8,555,000
8,593,000
11,141,000
17,401,000
15,822,000
21,557,000
21,533,000
29,417,000
20,682,000
17,898,000
13,045,000
11,467,000
14,575,000
14,575,00011,467,00013,045,00017,898,00020,682,00029,417,00021,533,00021,557,00015,822,00017,401,00011,141,0008,593,0008,555,0007,700,0008,241,0008,336,0008,465,0007,643,0007,971,0007,565,0007,694,0006,870,0007,039,0006,580,0007,535,0007,210,0007,165,0007,018,0007,521,0005,211,0005,808,0005,414,0005,871,0005,378,0006,048,0006,142,0006,406,00015,689,0008,782,0009,558,00011,214,0009,036,0009,783,00010,865,00010,765,0009,995,0009,901,00010,202,00010,307,00012,549,00011,647,00010,746,00012,041,00010,835,0009,817,00010,754,00011,234,0009,273,00010,230,00010,349,00010,846,00010,232,00011,668,00012,274,00011,252,0007,512,0008,146,0007,327,0008,145,0007,549,0008,548,00011,240,00010,408,0007,006,0007,696,0007,306,0008,755,0008,449,0008,660,0008,753,0008,692,0009,523,00011,582,00010,279,0009,610,0008,368,0001,576,018,0001,678,408,000
       Short-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
1,381,000
0
0
0
929,000
0
514,000
0
985,000
0
0
0
1,070,000
0
657,000
979,000
974,000
1,581,000
1,449,000
1,277,000
982,000
656,000
537,000
0
0
0
0
0
0
0
0
11,000
1,144,000
1,378,000
1,326,000
1,707,000
978,000
1,286,000
1,287,000
1,332,000
1,046,000
1,856,000
1,685,000
2,054,000
954,000
1,576,000
1,527,000
1,714,000
1,372,000
2,069,000
2,025,000
4,383,000
3,167,000
4,661,000
4,406,000
8,093,000
6,784,000
5,957,000
1,315,000
1,694,000
4,091,000
4,091,0001,694,0001,315,0005,957,0006,784,0008,093,0004,406,0004,661,0003,167,0004,383,0002,025,0002,069,0001,372,0001,714,0001,527,0001,576,000954,0002,054,0001,685,0001,856,0001,046,0001,332,0001,287,0001,286,000978,0001,707,0001,326,0001,378,0001,144,00011,00000000000537,000656,000982,0001,277,0001,449,0001,581,000974,000979,000657,00001,070,000000985,0000514,0000929,0000001,381,000000000000000000000000000000
       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
5,367,000
5,902,000
6,074,000
1,707,000
955,000
1,286,000
1,265,000
1,332,000
1,024,000
1,856,000
1,607,000
1,992,000
890,000
1,488,000
1,447,000
1,714,000
1,309,000
2,069,000
1,946,000
4,303,000
3,133,000
4,661,000
4,319,000
0
6,696,000
0
1,223,000
0
4,007,000
4,007,00001,223,00006,696,00004,319,0004,661,0003,133,0004,303,0001,946,0002,069,0001,309,0001,714,0001,447,0001,488,000890,0001,992,0001,607,0001,856,0001,024,0001,332,0001,265,0001,286,000955,0001,707,0006,074,0005,902,0005,367,00000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
324,597,000
341,074,000
0
2,253,000
2,039,000
2,573,000
2,217,000
2,385,000
0
2,536,000
0
0
4,869,000
5,492,000
5,560,000
5,683,000
9,451,000
8,548,000
7,335,000
4,763,000
6,380,000
7,432,000
6,557,000
6,051,000
7,168,000
9,464,000
8,338,000
4,046,000
9,014,000
8,985,000
8,235,000
4,864,000
9,611,000
1,085,000
9,511,000
8,919,000
8,728,000
4,954,000
7,684,000
7,754,000
7,918,000
4,427,000
8,161,000
6,139,000
8,534,000
6,765,000
7,134,000
5,093,000
8,260,000
4,738,000
3,522,000
3,613,000
5,614,000
3,122,000
4,843,000
3,386,000
4,732,000
4,717,000
4,704,000
3,429,000
5,075,000
3,241,000
5,141,000
4,071,000
4,820,000
2,932,000
5,146,000
3,644,000
5,039,000
2,969,000
5,115,000
3,884,000
6,126,000
2,996,000
5,587,000
3,739,000
5,292,000
3,088,000
11,861,000
3,811,000
6,013,000
4,036,000
8,012,000
4,794,000
4,907,000
3,696,000
4,775,000
6,242,000
6,242,0004,775,0003,696,0004,907,0004,794,0008,012,0004,036,0006,013,0003,811,00011,861,0003,088,0005,292,0003,739,0005,587,0002,996,0006,126,0003,884,0005,115,0002,969,0005,039,0003,644,0005,146,0002,932,0004,820,0004,071,0005,141,0003,241,0005,075,0003,429,0004,704,0004,717,0004,732,0003,386,0004,843,0003,122,0005,614,0003,613,0003,522,0004,738,0008,260,0005,093,0007,134,0006,765,0008,534,0006,139,0008,161,0004,427,0007,918,0007,754,0007,684,0004,954,0008,728,0008,919,0009,511,0001,085,0009,611,0004,864,0008,235,0008,985,0009,014,0004,046,0008,338,0009,464,0007,168,0006,051,0006,557,0007,432,0006,380,0004,763,0007,335,0008,548,0009,451,0005,683,0005,560,0005,492,0004,869,000002,536,00002,385,0002,217,0002,573,0002,039,0002,253,0000341,074,000324,597,000
       Other Current Liabilities 
384,302,000
339,414,000
0
2,325,000
2,667,000
1,921,000
4,944,000
1,880,000
0
2,223,000
0
0
0
498,000
0
2,275,000
0
0
0
2,754,000
0
0
0
4,356,000
3,837,000
890,000
880,000
9,465,000
46,000
132,000
132,000
10,305,000
363,000
7,416,000
331,000
1,232,000
1,208,000
5,067,000
1,047,000
1,018,000
1,067,000
4,109,000
9,016,000
2,736,000
750,000
743,000
625,000
3,901,000
642,000
2,024,000
12,167,000
2,793,000
528,000
2,926,000
535,000
2,485,000
682,000
1,091,000
496,000
2,098,000
565,000
1,446,000
362,000
1,765,000
474,000
1,832,000
392,000
259,000
670,000
264,000
474,000
-2,000
634,000
2,499,000
399,000
2,465,000
558,000
4,624,000
500,000
8,844,000
10,883,000
12,809,000
13,029,000
8,810,000
6,732,000
-1,000
4,681,000
3,815,000
3,815,0004,681,000-1,0006,732,0008,810,00013,029,00012,809,00010,883,0008,844,000500,0004,624,000558,0002,465,000399,0002,499,000634,000-2,000474,000264,000670,000259,000392,0001,832,000474,0001,765,000362,0001,446,000565,0002,098,000496,0001,091,000682,0002,485,000535,0002,926,000528,0002,793,00012,167,0002,024,000642,0003,901,000625,000743,000750,0002,736,0009,016,0004,109,0001,067,0001,018,0001,047,0005,067,0001,208,0001,232,000331,0007,416,000363,00010,305,000132,000132,00046,0009,465,000880,000890,0003,837,0004,356,0000002,754,0000002,275,0000498,0000002,223,00001,880,0004,944,0001,921,0002,667,0002,325,0000339,414,000384,302,000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,936,000
0
0
0
29,991,000
0
30,246,000
0
27,383,000
0
0
0
23,735,000
0
23,274,000
23,184,000
991,000
19,711,000
19,011,000
19,446,000
18,474,000
17,193,000
17,576,000
11,667,000
15,715,000
15,675,000
15,350,000
14,943,000
14,335,000
14,303,000
13,877,000
15,336,000
14,355,000
14,544,000
14,697,000
14,371,000
14,269,000
14,800,000
15,495,000
15,482,000
14,781,000
14,968,000
15,422,000
15,825,000
15,679,000
15,529,000
15,408,000
15,427,000
16,042,000
15,928,000
16,557,000
17,241,000
18,602,000
21,448,000
23,175,000
29,300,000
23,517,000
21,446,000
23,331,000
21,962,000
19,277,000
19,277,00021,962,00023,331,00021,446,00023,517,00029,300,00023,175,00021,448,00018,602,00017,241,00016,557,00015,928,00016,042,00015,427,00015,408,00015,529,00015,679,00015,825,00015,422,00014,968,00014,781,00015,482,00015,495,00014,800,00014,269,00014,371,00014,697,00014,544,00014,355,00015,336,00013,877,00014,303,00014,335,00014,943,00015,350,00015,675,00015,715,00011,667,00017,576,00017,193,00018,474,00019,446,00019,011,00019,711,000991,00023,184,00023,274,000023,735,00000027,383,000030,246,000029,991,00000026,936,000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,910,000
12,950,000
11,704,000
0
13,151,000
0
0
0013,151,000011,704,00012,950,0009,910,000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
1,301,752,000
0
7,270,000
0
8,518,000
0
9,787,000
5,955,000
8,799,000
6,566,000
6,530,000
7,258,000
7,486,000
7,837,000
8,191,000
8,900,000
8,626,000
8,370,000
8,337,000
7,928,000
7,947,000
8,069,000
7,276,000
7,892,000
8,026,000
7,942,000
7,808,000
8,718,000
8,763,000
8,676,000
8,785,000
8,884,000
9,131,000
9,111,000
9,933,000
9,417,000
9,900,000
9,145,000
9,334,000
9,093,000
9,389,000
8,958,000
9,836,000
9,209,000
9,307,000
9,008,000
9,002,000
8,661,000
8,877,000
8,164,000
8,759,000
8,806,000
8,708,000
8,670,000
8,716,000
8,667,000
8,519,000
8,636,000
9,048,000
8,936,000
8,889,000
8,826,000
8,770,000
8,680,000
9,939,000
9,968,000
9,806,000
9,685,000
9,851,000
10,209,000
10,027,000
9,531,000
9,456,000
9,457,000
10,105,000
10,020,000
10,215,000
11,054,000
11,378,000
12,625,000
13,265,000
16,350,000
11,726,000
10,522,000
0
0
0
00010,522,00011,726,00016,350,00013,265,00012,625,00011,378,00011,054,00010,215,00010,020,00010,105,0009,457,0009,456,0009,531,00010,027,00010,209,0009,851,0009,685,0009,806,0009,968,0009,939,0008,680,0008,770,0008,826,0008,889,0008,936,0009,048,0008,636,0008,519,0008,667,0008,716,0008,670,0008,708,0008,806,0008,759,0008,164,0008,877,0008,661,0009,002,0009,008,0009,307,0009,209,0009,836,0008,958,0009,389,0009,093,0009,334,0009,145,0009,900,0009,417,0009,933,0009,111,0009,131,0008,884,0008,785,0008,676,0008,763,0008,718,0007,808,0007,942,0008,026,0007,892,0007,276,0008,069,0007,947,0007,928,0008,337,0008,370,0008,626,0008,900,0008,191,0007,837,0007,486,0007,258,0006,530,0006,566,0008,799,0005,955,0009,787,00008,518,00007,270,00001,301,752,0000
> Total Stockholder Equity
1,616,428,000
1,437,247,000
8,874,000
8,656,000
8,307,000
8,043,000
8,620,000
8,801,000
9,162,000
8,975,000
9,476,000
9,477,000
10,612,000
9,415,000
10,478,000
11,590,000
10,238,000
10,570,000
11,431,000
11,291,000
11,828,000
11,442,000
11,897,000
11,989,000
12,625,000
16,635,000
17,351,000
17,082,000
11,381,000
13,355,000
14,104,000
14,231,000
15,834,000
16,236,000
16,696,000
17,776,000
18,085,000
18,204,000
18,715,000
19,291,000
20,046,000
19,942,000
20,513,000
41,306,000
21,992,000
21,947,000
22,181,000
20,521,000
20,733,000
21,156,000
21,417,000
8,576,000
9,009,000
9,021,000
9,340,000
9,036,000
9,377,000
9,212,000
9,751,000
8,952,000
9,198,000
8,894,000
9,327,000
9,096,000
9,480,000
9,195,000
9,572,000
9,037,000
9,531,000
8,949,000
8,336,000
7,688,000
8,591,000
8,094,000
8,380,000
7,315,000
7,954,000
6,873,000
6,854,000
5,380,000
4,772,000
4,116,000
1,753,000
5,560,000
7,097,000
6,231,000
7,255,000
7,017,000
7,017,0007,255,0006,231,0007,097,0005,560,0001,753,0004,116,0004,772,0005,380,0006,854,0006,873,0007,954,0007,315,0008,380,0008,094,0008,591,0007,688,0008,336,0008,949,0009,531,0009,037,0009,572,0009,195,0009,480,0009,096,0009,327,0008,894,0009,198,0008,952,0009,751,0009,212,0009,377,0009,036,0009,340,0009,021,0009,009,0008,576,00021,417,00021,156,00020,733,00020,521,00022,181,00021,947,00021,992,00041,306,00020,513,00019,942,00020,046,00019,291,00018,715,00018,204,00018,085,00017,776,00016,696,00016,236,00015,834,00014,231,00014,104,00013,355,00011,381,00017,082,00017,351,00016,635,00012,625,00011,989,00011,897,00011,442,00011,828,00011,291,00011,431,00010,570,00010,238,00011,590,00010,478,0009,415,00010,612,0009,477,0009,476,0008,975,0009,162,0008,801,0008,620,0008,043,0008,307,0008,656,0008,874,0001,437,247,0001,616,428,000
   Common Stock
211,394,000
211,394,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
9,202,000
1,271,000
1,271,000
1,271,000
10,238,000
10,570,000
11,431,000
1,271,000
11,828,000
11,442,000
11,897,000
1,271,000
12,625,000
1,271,000
17,351,000
1,271,000
11,381,000
1,271,000
14,104,000
1,271,000
15,834,000
1,271,000
16,696,000
1,271,000
18,085,000
1,271,000
18,715,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,000
1,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,00018,715,0001,271,00018,085,0001,271,00016,696,0001,271,00015,834,0001,271,00014,104,0001,271,00011,381,0001,271,00017,351,0001,271,00012,625,0001,271,00011,897,00011,442,00011,828,0001,271,00011,431,00010,570,00010,238,0001,271,0001,271,0001,271,0009,202,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,0001,271,000211,394,000211,394,000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,849,000
486,000
-3,014,000
5,838,000
4,965,000
-696,000
-79,000
-79,000-696,0004,965,0005,838,000-3,014,000486,0002,849,000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders 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
3,108,000
0
13,355,000
0
14,231,000
0
14,965,000
0
12,376,000
0
0
0
15,808,000
0
18,671,000
20,513,000
38,001,000
21,992,000
3,740,000
22,181,000
17,371,000
20,733,000
3,120,000
3,118,000
-6,806,000
9,009,000
-74,000
9,340,000
-275,000
9,377,000
192,000
9,751,000
-683,000
9,198,000
17,000
9,327,000
-597,000
9,480,000
182,000
7,108,000
-641,000
7,897,000
6,902,000
6,889,000
-650,000
6,476,000
5,695,000
5,598,000
-451,000
6,192,000
4,770,000
4,124,000
-1,689,000
3,163,000
-920,000
-1,655,000
-2,526,000
-606,000
-6,018,000
488,000
489,000
489,000488,000-6,018,000-606,000-2,526,000-1,655,000-920,0003,163,000-1,689,0004,124,0004,770,0006,192,000-451,0005,598,0005,695,0006,476,000-650,0006,889,0006,902,0007,897,000-641,0007,108,000182,0009,480,000-597,0009,327,00017,0009,198,000-683,0009,751,000192,0009,377,000-275,0009,340,000-74,0009,009,000-6,806,0003,118,0003,120,00020,733,00017,371,00022,181,0003,740,00021,992,00038,001,00020,513,00018,671,000015,808,00000012,376,000014,965,000014,231,000013,355,00003,108,000000000000000000000000000000



Balance Sheet

Currency in EUR. All numbers in thousands.