EMCOR Group Inc
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Let's analyse EMCOR Group Inc together

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

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

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

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Quick analysis of EMCOR Group Inc (30 sec.)

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

How much money do you get?

$0.69

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$52.20

Expected worth in 1 year

$63.22

How sure are you?

72.5%

+ What do you gain per year?

Total Gains per Share

$11.70

Return On Investment

3.3%

For what price can you sell your share?

Current Price per Share

$354.02

Expected price per share

$316.19 - $356.88

How sure are you?

50%

1. Valuation of EMCOR Group Inc (5 min.)

Live pricePrice per Share (EOD)

$354.02

Book Value per Share

$52.20

Intrinsic Value Per Share

$157.50 - $318.21

Total Value Per Share

$209.70 - $370.41

My calculation of the intrinsic value of EMCOR Group Inc is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($1.78) 3Y: ($2.67) TTM: ($4.34)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.19) 3Y: ($0.34) TTM: ($0.82)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$8.65	$13.76	$10.10 - $16.04
2	$19.52	$32.24	$13.07 - $21.42
3	$32.32	$55.15	$16.05 - $26.79
4	$46.81	$82.23	$19.02 - $32.17
5	$62.75	$113.20	$22.00 - $37.54
6	$79.93	$147.83	$24.97 - $42.92
7	$98.16	$185.86	$27.95 - $48.29
8	$117.27	$227.08	$30.92 - $53.66
9	$137.10	$271.27	$33.89 - $59.04
10	$157.50	$318.21	$36.87 - $64.41

2. Growth of EMCOR Group Inc (5 min.)

Is EMCOR Group Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$2.4b	$1.9b	$257.4m	11.5%

How much money is EMCOR Group Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$158.2m	$101.5m	$56.7m	35.8%
Net Profit Margin	5.0%	3.6%	-	-

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

Quarterly Yearly

3. Financial Health of EMCOR Group Inc (5 min.)

4. Comparing to competitors in the Engineering & Construction industry (5 min.)

Industry Rankings (Engineering & Construction)

Richest
#48 / 654

Most Revenue
#52 / 654

Most Profit
#42 / 654

Most Efficient
#182 / 654

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

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

What can you expect buying and holding a share of EMCOR Group Inc?

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

Speculation

The Price per Share of EMCOR Group Inc is $354.02. 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 EMCOR Group Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in EMCOR Group Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $52.20. Based on the TTM, the Book Value Change Per Share is $2.75 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.19 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 $0.17 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	4.47	1.3%	3.33	0.9%	2.04	0.6%	1.83	0.5%	1.34	0.4%
Usd Book Value Change Per Share	4.10	1.2%	2.75	0.8%	-0.19	-0.1%	1.10	0.3%	0.75	0.2%
Usd Dividend Per Share	0.18	0.1%	0.17	0.0%	0.14	0.0%	0.12	0.0%	0.10	0.0%
Usd Total Gains Per Share	4.28	1.2%	2.93	0.8%	-0.05	0.0%	1.22	0.3%	0.85	0.2%
Usd Price Per Share	215.43	-	193.30	-	119.80	-	117.54	-	87.74	-
Price to Earnings Ratio	12.05	-	14.97	-	15.18	-	13.91	-	15.84	-
Price-to-Total Gains Ratio	50.34	-	75.28	-	-60.05	-	-242.09	-	-148.78	-
Price to Book Ratio	4.13	-	4.11	-	3.03	-	2.91	-	2.58	-
Price-to-Total Gains Ratio	50.34	-	75.28	-	-60.05	-	-242.09	-	-148.78	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	354.02
Number of shares	2

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.17	0.12
Usd Book Value Change Per Share	2.75	1.10
Usd Total Gains Per Share	2.93	1.22
Gains per Quarter (2 shares)	5.85	2.43
Gains per Year (2 shares)	23.41	9.72

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	1	22	13	1	9	0
2	3	44	36	2	18	10
3	4	66	59	3	26	20
4	5	88	82	4	35	30
5	7	110	105	5	44	40
6	8	132	128	6	53	50
7	10	154	151	7	61	60
8	11	176	174	8	70	70
9	12	198	197	9	79	80
10	14	220	220	10	88	90

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%	19.0	1.0	0.0	95.0%	39.0	1.0	0.0	97.5%	111.0	9.0	0.0	92.5%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	8.0	4.0	0.0	66.7%	14.0	6.0	0.0	70.0%	29.0	11.0	0.0	72.5%	91.0	28.0	1.0	75.8%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	51.0	0.0	69.0	42.5%
Total Gains per Share	4.0	0.0	0.0	100.0%	8.0	4.0	0.0	66.7%	14.0	6.0	0.0	70.0%	29.0	11.0	0.0	72.5%	91.0	28.0	1.0	75.8%

Fundamentals of EMCOR Group Inc

About EMCOR Group Inc

https://www.emcorgroup.com
Engineering & Construction
38300
301 Merritt Seven, Norwalk, CT, United States, 06851-1092
Google Maps Bing Maps

EMCOR Group, Inc. provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services. The company also provides building services that covers commercial and government site-based operations and maintenance; facility management, maintenance, and services; energy efficiency retrofit services; military base operations support services; services for indoor air quality; floor care and janitorial services; landscaping, lot sweeping, and snow removal services; vendor management and call center services; installation and support for building systems; program development, management, and maintenance for energy systems; technical consulting and diagnostic services; infrastructure and building projects; modification and retrofit projects; and other building services, including reception, security, and catering services. In addition, it offers refinery turnaround planning and engineering; welding; overhaul and maintenance; instrumentation and electrical; and renewable energy services. The company was incorporated in 1987 and is headquartered in Norwalk, Connecticut.

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

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient 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 just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is just 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 underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of EMCOR Group Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit EMCOR Group Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction industry mean.
A Net Profit Margin of 6.2% means that $0.06 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of EMCOR Group Inc:

The MRQ is 6.2%. The company is making a profit. +1
The TTM is 5.0%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	6.2%	TTM	5.0%	+1.2%
TTM	5.0%	YOY	3.6%	+1.3%
TTM	5.0%	5Y	3.5%	+1.5%
5Y	3.5%	10Y	3.1%	+0.3%

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	6.2%	2.5%	+3.7%
TTM	5.0%	2.4%	+2.6%
YOY	3.6%	2.5%	+1.1%
5Y	3.5%	2.4%	+1.1%
10Y	3.1%	2.8%	+0.3%

Measures how much net profit EMCOR Group Inc earns for each $1 of revenue.

Revenue is the amount of profit EMCOR Group Inc generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit EMCOR Group Inc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction industry mean.
Can be used to compare companies within the Engineering & Construction industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of EMCOR Group Inc. If profit margins remain low (compared to the Engineering & Construction 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 EMCOR Group Inc is 0.06. This means that EMCOR Group Inc earned $0.06 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 Engineering & Construction industry is 2.5%.
What is the trend?
The trend is important because it shows you how EMCOR Group Inc is performing over time. The most recent quarter might be important if EMCOR Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for EMCOR Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare EMCOR Group Inc with other companies in the same industry (Engineering & Construction).
Net profit margin should rise over the years.
Can be influenced when EMCOR Group Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of EMCOR Group Inc is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of EMCOR Group Inc

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ EMCOR Group Inc = 211,517
Total revenue MRQ EMCOR Group Inc = 3,439,221
$211,517 / $3,439,221 = 0.06 or 6.2%

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 EMCOR Group Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction industry mean.
3.2% Return on Assets means that EMCOR Group Inc generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of EMCOR Group Inc:

The MRQ is 3.2%. Using its assets, the company is less efficient in making profit.
The TTM is 2.6%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	3.2%	TTM	2.6%	+0.6%
TTM	2.6%	YOY	1.9%	+0.7%
TTM	2.6%	5Y	1.7%	+0.8%
5Y	1.7%	10Y	1.6%	+0.2%

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	3.2%	1.0%	+2.2%
TTM	2.6%	1.0%	+1.6%
YOY	1.9%	1.0%	+0.9%
5Y	1.7%	1.0%	+0.7%
10Y	1.6%	1.3%	+0.3%

Shows how efficient EMCOR Group Inc is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction 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 EMCOR Group Inc is using its resources to generate profit. If the return on assets (3.2%) from EMCOR Group Inc are higher than the Engineering & Construction mean (1.0%) that means EMCOR Group Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of EMCOR Group Inc is 3.2%. This means the company generated $0.03 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Engineering & Construction industry is 1.0%.
What is the trend?
The trend is important because it shows you how EMCOR Group Inc is performing over time. The most recent quarter might be important if EMCOR Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for EMCOR Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example EMCOR Group Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from EMCOR Group Inc = 211,517
Total assets MRQ (balance sheet) from EMCOR Group Inc = 6,609,721
211,517 / 6,609,721 = 0.03 or 3.2%

ROA is an important ratio as it will tell you how effectively EMCOR Group Inc is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient EMCOR Group Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction industry mean.
8.6% Return on Equity means EMCOR Group Inc generated $0.09 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of EMCOR Group Inc:

The MRQ is 8.6%. Using its investors money, the company is less efficient in making profit.
The TTM is 7.0%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	8.6%	TTM	7.0%	+1.6%
TTM	7.0%	YOY	5.2%	+1.8%
TTM	7.0%	5Y	4.5%	+2.5%
5Y	4.5%	10Y	3.9%	+0.6%

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	8.6%	3.4%	+5.2%
TTM	7.0%	2.9%	+4.1%
YOY	5.2%	2.9%	+2.3%
5Y	4.5%	2.6%	+1.9%
10Y	3.9%	3.4%	+0.5%

Shows how efficient EMCOR Group Inc is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction 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 Engineering & Construction 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 EMCOR Group Inc is 8.6%. This means EMCOR Group Inc generated $0.09 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Engineering & Construction industry is 3.4%.
What is the trend?
The trend is important because it shows you how EMCOR Group Inc is performing over time. The most recent quarter might be important if EMCOR Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for EMCOR Group Inc up to 10 years back (depending if EMCOR Group Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of EMCOR Group Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) EMCOR Group Inc = 211,517
Shareholders equity (balance sheet) MRQ EMCOR Group Inc = 2,469,778
211,517 / 2,469,778 = 0.09 or 8.6%

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

1.2. Operating Efficiency of EMCOR Group Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient EMCOR Group Inc is operating .

Measures how much profit EMCOR Group Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction industry mean.
An Operating Margin of 8.4% means the company generated $0.08 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of EMCOR Group Inc:

The MRQ is 8.4%. The company is operating less efficient.
The TTM is 6.6%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	8.4%	TTM	6.6%	+1.8%
TTM	6.6%	YOY	5.1%	+1.6%
TTM	6.6%	5Y	5.4%	+1.3%
5Y	5.4%	10Y	4.9%	+0.5%

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	8.4%	4.4%	+4.0%
TTM	6.6%	3.1%	+3.5%
YOY	5.1%	3.8%	+1.3%
5Y	5.4%	4.0%	+1.4%
10Y	4.9%	4.0%	+0.9%

Measures how efficient EMCOR Group Inc is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction 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 EMCOR Group Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of EMCOR Group Inc is 8.4%. This means that EMCOR Group Inc earned $0.08 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Engineering & Construction industry is 4.4%.
What is the trend?
The trend is important because it shows you how EMCOR Group Inc is performing over time. The most recent quarter might be important if EMCOR Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for EMCOR Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of EMCOR Group Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ EMCOR Group Inc = 289,196
Total revenue MRQ EMCOR Group Inc = 3,439,221
$289,196 / $3,439,221 = 0.08 or 8.4%

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 EMCOR Group Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Engineering & Construction industry mean).
An Operation Ratio of 0.92 means that the operating costs are $0.92 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of EMCOR Group Inc:

The MRQ is 0.916. The company is less efficient in keeping operating costs low.
The TTM is 0.931. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.916	TTM	0.931	-0.015
TTM	0.931	YOY	0.949	-0.018
TTM	0.931	5Y	0.944	-0.013
5Y	0.944	10Y	0.949	-0.005

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	0.916	1.747	-0.831
TTM	0.931	1.725	-0.794
YOY	0.949	1.671	-0.722
5Y	0.944	1.533	-0.589
10Y	0.949	1.319	-0.370

Measures how efficient EMCOR Group Inc is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction 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 EMCOR Group Inc is 91.6%. This means that EMCOR Group Inc earned $0.92 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 Engineering & Construction industry is 1.75.
What is the trend?
The trend is important because it shows you how EMCOR Group Inc is performing over time. The most recent quarter might be important if EMCOR Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for EMCOR Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example EMCOR Group Inc

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(2,821,476 +328,549) \ 3,439,221 = 0.92

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 EMCOR Group Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if EMCOR Group Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Engineering & Construction industry mean).
A Current Ratio of 1.26 means the company has $1.26 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of EMCOR Group Inc:

The MRQ is 1.264. The company is just able to pay all its short-term debts.
The TTM is 1.288. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.264	TTM	1.288	-0.024
TTM	1.288	YOY	1.310	-0.022
TTM	1.288	5Y	1.385	-0.096
5Y	1.385	10Y	1.433	-0.048

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	1.264	1.299	-0.035
TTM	1.288	1.296	-0.008
YOY	1.310	1.320	-0.010
5Y	1.385	1.358	+0.027
10Y	1.433	1.323	+0.110

Measures if EMCOR Group Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Engineering & Construction 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 EMCOR Group Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of EMCOR Group Inc is 1.26. This means EMCOR Group Inc has $1.26 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Engineering & Construction industry is 1.30.
What is the trend?
The trend is important because it shows you how EMCOR Group Inc is performing over time. The most recent quarter might be important if EMCOR Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for EMCOR Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example EMCOR Group Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
4,446,971 \ 3,518,355) = 1.26

The current ratio measures if EMCOR Group Inc is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if EMCOR Group Inc is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then EMCOR Group Inc does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate EMCOR Group Inc is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction industry mean.
A Quick Ratio of 1.21 means the company can pay off $1.21 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of EMCOR Group Inc:

The MRQ is 1.212. The company is just able to pay all its short-term debts with the most liquid assets.
The TTM is 1.232. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	1.212	TTM	1.232	-0.020
TTM	1.232	YOY	1.248	-0.016
TTM	1.232	5Y	1.329	-0.097
5Y	1.329	10Y	1.369	-0.040

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	1.212	0.604	+0.608
TTM	1.232	0.680	+0.552
YOY	1.248	0.844	+0.404
5Y	1.329	0.882	+0.447
10Y	1.369	0.907	+0.462

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast EMCOR Group Inc can pay off its short term debts. This shows if EMCOR Group Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of EMCOR Group Inc is 1.21. This means that EMCOR Group Inc can pay off $1.21 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Engineering & Construction industry is 0.60.
What is the trend?
The trend is important because it shows you how EMCOR Group Inc is performing over time. The most recent quarter might be important if EMCOR Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for EMCOR Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example EMCOR Group Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio EMCOR Group Inc: (790,350 + 0 +3,473,375) / 3,518,355 = 1.21

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

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

1.4. Solvency of EMCOR Group Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of EMCOR Group Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare EMCOR Group Inc to Engineering & Construction industry mean.
A Debt to Asset Ratio of 0.63 means that EMCOR Group Inc assets are financed with 62.6% credit (debt) and the remaining percentage (100% - 62.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of EMCOR Group Inc:

The MRQ is 0.626. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.634. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.626	TTM	0.634	-0.008
TTM	0.634	YOY	0.629	+0.005
TTM	0.634	5Y	0.601	+0.032
5Y	0.601	10Y	0.588	+0.014

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	0.626	0.626	+0.000
TTM	0.634	0.633	+0.001
YOY	0.629	0.618	+0.011
5Y	0.601	0.611	-0.010
10Y	0.588	0.602	-0.014

Measures how much % of EMCOR Group Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare EMCOR Group Inc to Engineering & Construction 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 EMCOR Group Inc is 0.63. This means means that EMCOR Group Inc is financed with 62.6% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Engineering & Construction industry is 129.9%.
What is the trend?
The trend is important because it shows you how EMCOR Group Inc is performing over time. The most recent quarter might be important if EMCOR Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for EMCOR Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why EMCOR Group Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example EMCOR Group Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
4,138,906 \ 6,609,721 = 62.6% or 0.63.

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 EMCOR Group Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare EMCOR Group Inc to the Engineering & Construction industry mean.
A Debt to Equity ratio of 167.6% means that company has $1.68 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of EMCOR Group Inc:

The MRQ is 1.676. The company is just able to pay all its debts with equity.
The TTM is 1.732. The company is just able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	1.676	TTM	1.732	-0.056
TTM	1.732	YOY	1.709	+0.022
TTM	1.732	5Y	1.522	+0.210
5Y	1.522	10Y	1.438	+0.084

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	1.676	1.632	+0.044
TTM	1.732	1.634	+0.098
YOY	1.709	1.612	+0.097
5Y	1.522	1.616	-0.094
10Y	1.438	1.726	-0.288

Measures if EMCOR Group Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of EMCOR Group Inc is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of EMCOR Group Inc is 1.68. This means that EMCOR Group Inc can pay off $1.68 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Engineering & Construction industry is 1.63.
What is the trend?
The trend is important because it shows you how EMCOR Group Inc is performing over time. The most recent quarter might be important if EMCOR Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for EMCOR Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example EMCOR Group Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
4,138,906 \ 2,469,778 = 1.68 or 167.6%

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 EMCOR Group Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings EMCOR Group Inc generates.

Above 15 is considered overpriced but always compare EMCOR Group Inc to the Engineering & Construction industry mean.
A PE ratio of 12.05 means the investor is paying $12.05 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of EMCOR Group Inc:

The EOD is 19.805. Based on the earnings, the company is fair priced.
The MRQ is 12.052. Based on the earnings, the company is underpriced. +1
The TTM is 14.972. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	19.805	MRQ	12.052	+7.753
MRQ	12.052	TTM	14.972	-2.920
TTM	14.972	YOY	15.178	-0.206
TTM	14.972	5Y	13.907	+1.065
5Y	13.907	10Y	15.835	-1.928

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
EOD	19.805	8.214	+11.591
MRQ	12.052	7.997	+4.055
TTM	14.972	8.786	+6.186
YOY	15.178	9.303	+5.875
5Y	13.907	12.406	+1.501
10Y	15.835	15.363	+0.472

Measures how much money you pay for each share for every $1 in earnings EMCOR Group Inc generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare EMCOR Group Inc to the Engineering & Construction 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 EMCOR Group Inc is 12.05. This means the investor is paying $12.05 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Engineering & Construction industry is 8.00.
What is the trend?
The trend is important because it shows you how EMCOR Group Inc is performing over time. The most recent quarter might be important if EMCOR Group Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for EMCOR Group Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example EMCOR Group Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 47,332 = EPS
PE ratio MRQ = 12.05

* 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 EMCOR Group Inc:

The EOD is 10.429. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 6.347. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 1.569. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	10.429	MRQ	6.347	+4.083
MRQ	6.347	TTM	1.569	+4.778
TTM	1.569	YOY	5.123	-3.554
TTM	1.569	5Y	13.405	-11.836
5Y	13.405	10Y	14.150	-0.745

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
EOD	10.429	1.504	+8.925
MRQ	6.347	1.339	+5.008
TTM	1.569	0.077	+1.492
YOY	5.123	0.898	+4.225
5Y	13.405	0.646	+12.759
10Y	14.150	0.074	+14.076

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Engineering & Construction industry mean).
A PB ratio of 4.13 means the investor is paying $4.13 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of EMCOR Group Inc:

The EOD is 6.782. Based on the equity, the company is overpriced. -1
The MRQ is 4.127. Based on the equity, the company is fair priced.
The TTM is 4.106. Based on the equity, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	6.782	MRQ	4.127	+2.655
MRQ	4.127	TTM	4.106	+0.021
TTM	4.106	YOY	3.034	+1.073
TTM	4.106	5Y	2.913	+1.193
5Y	2.913	10Y	2.583	+0.330

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
EOD	6.782	1.152	+5.630
MRQ	4.127	1.114	+3.013
TTM	4.106	1.124	+2.982
YOY	3.034	1.187	+1.847
5Y	2.913	1.329	+1.584
10Y	2.583	1.700	+0.883

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding EMCOR Group Inc

Institutions are holding 94.718% of the shares of EMCOR Group Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	11.3841	0.0294	5357939	-313811	-5.5329
2023-12-31	Vanguard Group Inc	10.3981	0.023	4893864	-6657	-0.1358
2023-12-31	Kayne Anderson Rudnick Investment Management LLC	7.1795	1.8214	3379041	-67458	-1.9573
2023-12-31	FMR Inc	6.7712	0.0527	3186868	-364815	-10.2716
2023-12-31	State Street Corporation	2.8931	0.0143	1361643	40645	3.0768
2023-12-31	Amvescap Plc.	2.2822	0.0551	1074101	154797	16.8385
2023-12-31	Fuller & Thaler Asset Management Inc	2.267	1.1645	1066960	-1595	-0.1493
2023-12-31	Morgan Stanley - Brokerage Accounts	2.0641	0.0184	971474	441389	83.2676
2023-12-31	Geode Capital Management, LLC	1.7077	0.0181	803713	18130	2.3078
2023-12-31	Dimensional Fund Advisors, Inc.	1.5217	0.0451	716207	-76535	-9.6545
2023-12-31	NORGES BANK	1.5163	0.0269	713638	282423	65.4947
2023-12-31	Burgundy Asset Management Ltd	1.4446	1.6247	679902	25241	3.8556
2023-12-31	Lord, Abbett & Co LLC	1.4101	0.5134	663644	-156249	-19.0572
2023-12-31	Congress Asset Management Company, LLP	1.3268	1.059	624459	-1169	-0.1869
2023-12-31	Wells Fargo & Co	1.2591	0.0333	592611	-7595	-1.2654
2023-12-31	Bank of New York Mellon Corp	1.2188	0.0251	573604	-85451	-12.9657
2023-12-31	Goldman Sachs Group Inc	0.9645	0.0088	453930	159768	54.3129
2023-12-31	TimesSquare Capital Management, LLC	0.9053	1.3498	426083	205793	93.4191
2023-12-31	Northern Trust Corp	0.8943	0.0164	420923	604	0.1437
2023-12-31	AQR Capital Management LLC	0.8261	0.1577	388796	-37910	-8.8843
Total		60.2346	8.0571	28349400	+209545	+0.7%

3.2. Funds holding EMCOR Group Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1334	0.0298	1474753	-2904	-0.1965
2024-03-28	iShares Core S&P Mid-Cap ETF	3.1103	0.6027	1463870	-763	-0.0521
2024-02-29	Vanguard Small Cap Index	2.5765	0.2705	1212626	11251	0.9365
2023-12-31	FullerThaler Behavioral Small-Cap Equity	2.1379	2.7256	1006199	-3900	-0.3861
2023-12-31	FullerThaler Behavioral Sm-Cp Eq R6	2.1379	2.7263	1006199	-3900	-0.3861
2024-02-29	Vanguard Small Cap Value Index Inv	1.7575	0.4877	827177	4357	0.5295
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4798	0.214	696452	2537	0.3656
2024-01-31	Fidelity Low-Priced Stock	1.3766	0.5501	647887	-2712	-0.4168
2023-12-31	Virtus KAR Small-Cap Core I	1.3712	7.1103	645370	-1400	-0.2165
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.7984	0.5602	375745	1416	0.3783
2024-03-28	Invesco S&P MidCap Quality ETF	0.7133	2.63	335723	996	0.2976
2024-03-28	iShares S&P Mid-Cap 400 Growth ETF	0.66	1.1524	310651	-1226	-0.3931
2024-02-29	Fidelity OTC	0.6106	0.3164	287400	286602	35915.0376
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5991	0.2116	281958	7000	2.5458
2024-02-29	Strategic Advisers Fidelity US TtlStk	0.567	0.0791	266836	4774	1.8217
2024-03-28	Global X US Infrastructure Dev ETF	0.5638	1.2663	265369	112	0.0422
2024-02-29	Fidelity Extended Market Index	0.5635	0.2167	265193	2994	1.1419
2024-02-29	Clark Navigator All Cap Core U.S. Equity	0.4868	3.1537	229123	-5784	-2.4623
2024-01-31	Fidelity Series Small Cap Opps	0.4848	1.0059	228160	-8400	-3.5509
2024-02-29	State St S&P Midcap® Indx SL Cl II	0.4705	0.5515	221460	-300	-0.1353
Total		25.5989	25.8608	12048151	+290750	+2.4%

3.3. Insider Transactions

Insiders are holding 1.457% of the shares of EMCOR Group Inc.

Date	Owner	Type	Amount	Price
2024-03-12	Anthony Guzzi	SELL	6000	319.65
2023-07-27	Anthony Guzzi	SELL	11000	196.37
2023-07-10	Anthony Guzzi	SELL	824	186.27
2023-07-07	Anthony Guzzi	SELL	2435	185.01
2023-06-30	Anthony Guzzi	SELL	7741	185.02
2023-05-10	R Kevin Matz	SELL	13462	165.46
2023-04-27	Anthony Guzzi	SELL	11000	165.52
2023-04-27	Mark A Pompa	SELL	25000	170

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	4.100	2.754	+49%	-0.188	+105%	1.096	+274%	0.754	+443%
Book Value Per Share	-	-	52.202	46.978	+11%	39.404	+32%	39.296	+33%	32.391	+61%
Current Ratio	-	-	1.264	1.288	-2%	1.310	-4%	1.385	-9%	1.433	-12%
Debt To Asset Ratio	-	-	0.626	0.634	-1%	0.629	0%	0.601	+4%	0.588	+7%
Debt To Equity Ratio	-	-	1.676	1.732	-3%	1.709	-2%	1.522	+10%	1.438	+17%
Dividend Per Share	-	-	0.179	0.172	+4%	0.136	+32%	0.119	+50%	0.099	+80%
Eps	-	-	4.469	3.331	+34%	2.041	+119%	1.834	+144%	1.339	+234%
Free Cash Flow Per Share	-	-	8.486	4.335	+96%	2.346	+262%	2.561	+231%	1.781	+376%
Free Cash Flow To Equity Per Share	-	-	5.615	2.161	+160%	-1.178	+121%	1.021	+450%	0.657	+754%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	+0%
Intrinsic Value_10Y_max	-	-	318.206	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	157.498	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	13.757	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	8.651	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	55.152	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	32.323	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	113.204	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	62.752	-	-	-	-	-	-	-	-
Market Cap	16661915898.000	+39%	10196631938.760	9189420731.065	+11%	5986374358.480	+70%	6070171566.435	+68%	4813260345.395	+112%
Net Profit Margin	-	-	0.062	0.050	+24%	0.036	+69%	0.035	+77%	0.031	+96%
Operating Margin	-	-	0.084	0.066	+26%	0.051	+66%	0.054	+56%	0.049	+73%
Operating Ratio	-	-	0.916	0.931	-2%	0.949	-4%	0.944	-3%	0.949	-4%
Pb Ratio	6.782	+39%	4.127	4.106	+1%	3.034	+36%	2.913	+42%	2.583	+60%
Pe Ratio	19.805	+39%	12.052	14.972	-20%	15.178	-21%	13.907	-13%	15.835	-24%
Price Per Share	354.020	+39%	215.430	193.298	+11%	119.795	+80%	117.536	+83%	87.741	+146%
Price To Free Cash Flow Ratio	10.429	+39%	6.347	1.569	+304%	5.123	+24%	13.405	-53%	14.150	-55%
Price To Total Gains Ratio	82.731	+39%	50.344	75.283	-33%	-60.050	+219%	-242.095	+581%	-148.775	+396%
Quick Ratio	-	-	1.212	1.232	-2%	1.248	-3%	1.329	-9%	1.369	-11%
Return On Assets	-	-	0.032	0.026	+25%	0.019	+69%	0.017	+83%	0.016	+104%
Return On Equity	-	-	0.086	0.070	+22%	0.052	+65%	0.045	+91%	0.039	+121%
Total Gains Per Share	-	-	4.279	2.926	+46%	-0.052	+101%	1.215	+252%	0.854	+401%
Usd Book Value	-	-	2470815000.000	2233799000.000	+11%	1976325500.000	+25%	2061021550.000	+20%	1816168325.000	+36%
Usd Book Value Change Per Share	-	-	4.100	2.754	+49%	-0.188	+105%	1.096	+274%	0.754	+443%
Usd Book Value Per Share	-	-	52.202	46.978	+11%	39.404	+32%	39.296	+33%	32.391	+61%
Usd Dividend Per Share	-	-	0.179	0.172	+4%	0.136	+32%	0.119	+50%	0.099	+80%
Usd Eps	-	-	4.469	3.331	+34%	2.041	+119%	1.834	+144%	1.339	+234%
Usd Free Cash Flow	-	-	401660000.000	205312750.000	+96%	112161000.000	+258%	130909250.000	+207%	96047700.000	+318%
Usd Free Cash Flow Per Share	-	-	8.486	4.335	+96%	2.346	+262%	2.561	+231%	1.781	+376%
Usd Free Cash Flow To Equity Per Share	-	-	5.615	2.161	+160%	-1.178	+121%	1.021	+450%	0.657	+754%
Usd Market Cap	16661915898.000	+39%	10196631938.760	9189420731.065	+11%	5986374358.480	+70%	6070171566.435	+68%	4813260345.395	+112%
Usd Price Per Share	354.020	+39%	215.430	193.298	+11%	119.795	+80%	117.536	+83%	87.741	+146%
Usd Profit	-	-	211517000.000	158248500.000	+34%	101530500.000	+108%	94036550.000	+125%	72858575.000	+190%
Usd Revenue	-	-	3439221000.000	3145718250.000	+9%	2769030000.000	+24%	2576712250.000	+33%	2201526800.000	+56%
Usd Total Gains Per Share	-	-	4.279	2.926	+46%	-0.052	+101%	1.215	+252%	0.854	+401%
	EOD	+4 -4	MRQ	TTM	+29 -6	YOY	+30 -5	5Y	+29 -6	10Y	+30 -6

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	19.805
Price to Book Ratio (EOD)	Between	0-1	6.782
Net Profit Margin (MRQ)	Greater than	0	0.062
Operating Margin (MRQ)	Greater than	0	0.084
Quick Ratio (MRQ)	Greater than	1	1.212
Current Ratio (MRQ)	Greater than	1	1.264
Debt to Asset Ratio (MRQ)	Less than	1	0.626
Debt to Equity Ratio (MRQ)	Less than	1	1.676
Return on Equity (MRQ)	Greater than	0.15	0.086
Return on Assets (MRQ)	Greater than	0.05	0.032
Total			5/10 (50.0%)

Create your own Stock Scanner

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

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	62.319
Ma 20	Greater than	Ma 50	348.718
Ma 50	Greater than	Ma 100	326.809
Ma 100	Greater than	Ma 200	274.470
Open	Greater than	Close	345.590
Total			4/5 (80.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Net Interest Income		-4,204	2,372	-1,832	-860	-2,692	2,602	-90	2,920	2,830
Total Other Income Expense Net		-3,181	1,075	-2,106	1,824	-282	-92	-374	2,925	2,551

Latest Balance Sheet

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

Summary

Total Assets	6,609,721
Total Liabilities	4,138,906
Total Stockholder Equity	2,469,778

	As reported
Total Liabilities	4,138,906
Total Stockholder Equity	+ 2,469,778
Total Assets	= 6,609,721

Assets

Total Assets	6,609,721
Total Current Assets	4,446,971
Long-term Assets	2,162,750

Total Current Assets

Total Current Assets (as reported)	4,446,971
Cash And Cash Equivalents	790,350
Net Receivables	3,473,375
Inventory	110,774
Other Current Assets	72,472
Total Current Assets (calculated)	4,446,971
+/-	0

Long-term Assets

Long-term Assets (as reported)	2,162,750
Property Plant Equipment	489,876
Goodwill	956,549
Intangible Assets	586,032
Long-term Assets Other	130,293
Long-term Assets (calculated)	2,162,750
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	3,518,355
Long-term Liabilities	620,551
Total Stockholder Equity	2,469,778

Total Current Liabilities

Total Current Liabilities (as reported)	3,518,355
Short-term Debt	77,701
Short Long Term Debt	2,465
Accounts payable	935,967
Other Current Liabilities	909,578
Total Current Liabilities (calculated)	1,925,711
+/-	1,592,644

Long-term Liabilities

Long-term Liabilities (as reported)	620,551
Long term Debt	2,838
Capital Lease Obligations Min Short Term Debt	256,965
Long-term Liabilities Other	358,283
Long-term Liabilities (calculated)	618,086
+/-	2,465

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,469,778
Common Stock	611
Retained Earnings	3,814,439
Accumulated Other Comprehensive Income	-85,704
Other Stockholders Equity	-1,259,568
Total Stockholder Equity (calculated)	2,469,778
+/-	0

Other

Capital Stock	611
Cash and Short Term Investments	790,350
Common Stock Shares Outstanding	47,332
Current Deferred Revenue	1,595,109
Liabilities and Stockholders Equity	6,609,721
Net Debt	-450,381
Net Invested Capital	2,475,081
Net Working Capital	928,616
Property Plant and Equipment Gross	902,100
Short Long Term Debt Total	339,969

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

> Total Assets

784,600
784,900
784,600
707,500
675,200
673,000
685,200
710,900
687,200
597,900
599,500
614,700
645,000
621,000
667,900
660,700
752,600
756,500
777,100
801,000
801,000
936,700
1,030,300
1,056,500
1,091,715
1,197,479
1,256,020
1,261,864
1,273,089
1,313,153
1,315,236
1,349,664
1,503,204
1,501,219
1,581,165
1,758,491
1,720,442
1,774,487
1,838,635
1,795,247
1,789,340
1,807,904
1,894,477
1,817,969
1,767,486
1,771,922
1,785,457
1,778,941
1,772,767
1,859,979
1,956,593
2,089,023
2,105,492
2,276,433
2,843,515
2,871,643
2,841,889
2,967,372
3,046,926
3,008,404
2,872,309
2,967,747
3,010,129
2,981,894
2,839,014
2,816,359
2,627,504
2,755,542
2,750,013
2,896,574
2,899,173
3,014,076
2,944,231
2,960,729
3,053,461
3,107,070
3,014,716
3,105,336
3,506,759
3,465,915
3,407,516
3,404,895
3,434,667
3,388,967
3,315,582
3,417,786
3,483,429
3,546,470
3,449,659
3,800,366
3,894,953
3,894,170
3,805,162
3,847,574
3,966,321
3,965,904
3,841,999
3,869,401
3,995,893
4,088,807
4,278,324
4,393,578
4,532,721
4,830,358
4,835,547
4,590,423
4,829,985
5,063,840
5,061,189
5,133,170
5,296,678
5,441,446
5,231,154
5,146,444
5,438,729
5,524,607
5,640,910
5,907,669
6,224,193
6,609,721

6,609,721

6,224,193

5,907,669

5,640,910

5,524,607

5,438,729

5,146,444

5,231,154

5,441,446

5,296,678

5,133,170

5,061,189

5,063,840

4,829,985

4,590,423

4,835,547

4,830,358

4,532,721

4,393,578

4,278,324

4,088,807

3,995,893

3,869,401

3,841,999

3,965,904

3,966,321

3,847,574

3,805,162

3,894,170

3,894,953

3,800,366

3,449,659

3,546,470

3,483,429

3,417,786

3,315,582

3,388,967

3,434,667

3,404,895

3,407,516

3,465,915

3,506,759

3,105,336

3,014,716

3,107,070

3,053,461

2,960,729

2,944,231

3,014,076

2,899,173

2,896,574

2,750,013

2,755,542

2,627,504

2,816,359

2,839,014

2,981,894

3,010,129

2,967,747

2,872,309

3,008,404

3,046,926

2,967,372

2,841,889

2,871,643

2,843,515

2,276,433

2,105,492

2,089,023

1,956,593

1,859,979

1,772,767

1,778,941

1,785,457

1,771,922

1,767,486

1,817,969

1,894,477

1,807,904

1,789,340

1,795,247

1,838,635

1,774,487

1,720,442

1,758,491

1,581,165

1,501,219

1,503,204

1,349,664

1,315,236

1,313,153

1,273,089

1,261,864

1,256,020

1,197,479

1,091,715

1,056,500

1,030,300

936,700

801,000

777,100

756,500

752,600

660,700

667,900

621,000

645,000

614,700

599,500

597,900

687,200

710,900

685,200

673,000

675,200

707,500

784,600

784,900

784,600

> Total Current Assets

575,900
565,400
575,900
614,200
583,400
583,700
608,800
632,900
607,800
557,100
566,500
578,700
609,700
587,200
633,300
622,700
711,100
712,900
720,800
732,000
732,000
810,800
906,900
928,000
960,420
1,065,282
1,120,737
1,138,760
1,150,714
1,191,926
1,189,663
1,217,324
1,250,350
1,232,144
1,288,669
1,334,935
1,297,703
1,348,728
1,415,341
1,389,156
1,386,763
1,403,289
1,492,573
1,425,571
1,378,044
1,385,117
1,401,957
1,389,803
1,387,695
1,479,063
1,570,771
1,662,413
1,678,568
1,852,607
1,921,677
1,935,790
1,893,627
2,002,405
2,075,563
2,010,740
1,873,950
1,965,097
2,014,296
1,977,365
1,839,659
1,859,362
1,889,470
1,980,167
1,941,871
1,809,354
1,826,315
1,936,653
1,861,627
1,886,878
1,985,913
2,044,453
1,962,193
2,058,697
1,968,486
1,930,105
1,881,180
1,887,833
1,926,670
1,886,603
1,827,293
1,937,734
2,015,146
2,067,419
1,980,927
2,141,908
2,247,116
2,210,847
2,041,792
2,099,836
2,231,972
2,284,509
2,169,777
2,190,223
2,324,192
2,386,207
2,313,861
2,420,635
2,558,113
2,659,883
2,685,388
2,679,080
2,897,090
3,120,936
3,105,631
3,113,354
3,226,567
3,390,994
3,216,405
3,125,540
3,379,262
3,461,973
3,562,420
3,809,621
4,068,895
4,446,971

4,446,971

4,068,895

3,809,621

3,562,420

3,461,973

3,379,262

3,125,540

3,216,405

3,390,994

3,226,567

3,113,354

3,105,631

3,120,936

2,897,090

2,679,080

2,685,388

2,659,883

2,558,113

2,420,635

2,313,861

2,386,207

2,324,192

2,190,223

2,169,777

2,284,509

2,231,972

2,099,836

2,041,792

2,210,847

2,247,116

2,141,908

1,980,927

2,067,419

2,015,146

1,937,734

1,827,293

1,886,603

1,926,670

1,887,833

1,881,180

1,930,105

1,968,486

2,058,697

1,962,193

2,044,453

1,985,913

1,886,878

1,861,627

1,936,653

1,826,315

1,809,354

1,941,871

1,980,167

1,889,470

1,859,362

1,839,659

1,977,365

2,014,296

1,965,097

1,873,950

2,010,740

2,075,563

2,002,405

1,893,627

1,935,790

1,921,677

1,852,607

1,678,568

1,662,413

1,570,771

1,479,063

1,387,695

1,389,803

1,401,957

1,385,117

1,378,044

1,425,571

1,492,573

1,403,289

1,386,763

1,389,156

1,415,341

1,348,728

1,297,703

1,334,935

1,288,669

1,232,144

1,250,350

1,217,324

1,189,663

1,191,926

1,150,714

1,138,760

1,120,737

1,065,282

960,420

928,000

906,900

810,800

732,000

720,800

712,900

711,100

622,700

633,300

587,200

609,700

578,700

566,500

557,100

607,800

632,900

608,800

583,700

583,400

614,200

575,900

565,400

575,900

Cash And Cash Equivalents

42,000
37,000
42,000
52,500
45,200
39,600
41,300
53,000
54,800
59,000
45,500
50,700
61,100
35,300
44,000
49,400
123,900
95,400
68,300
83,100
83,100
28,200
37,900
58,600
58,114
62,429
79,904
137,685
148,670
165,722
174,732
189,766
142,517
89,716
88,853
93,103
55,875
57,752
82,162
78,260
52,996
50,219
101,025
70,404
69,272
70,634
67,999
103,785
91,144
180,900
244,522
273,735
276,569
336,335
223,077
251,637
224,989
275,511
340,849
405,869
395,076
521,471
648,231
726,975
600,561
599,941
641,111
710,836
631,984
406,546
476,366
511,322
438,655
434,272
474,380
605,303
499,102
530,385
444,037
439,813
406,668
437,119
437,446
432,056
368,894
360,849
445,400
486,831
392,364
443,019
504,558
464,617
302,754
385,396
480,496
467,430
352,443
306,624
353,912
363,907
252,031
213,374
368,073
358,818
347,092
481,391
679,342
902,867
758,833
668,908
663,905
821,345
514,513
262,370
403,816
456,439
420,075
503,052
523,632
790,350

790,350

523,632

503,052

420,075

456,439

403,816

262,370

514,513

821,345

663,905

668,908

758,833

902,867

679,342

481,391

347,092

358,818

368,073

213,374

252,031

363,907

353,912

306,624

352,443

467,430

480,496

385,396

302,754

464,617

504,558

443,019

392,364

486,831

445,400

360,849

368,894

432,056

437,446

437,119

406,668

439,813

444,037

530,385

499,102

605,303

474,380

434,272

438,655

511,322

476,366

406,546

631,984

710,836

641,111

599,941

600,561

726,975

648,231

521,471

395,076

405,869

340,849

275,511

224,989

251,637

223,077

336,335

276,569

273,735

244,522

180,900

91,144

103,785

67,999

70,634

69,272

70,404

101,025

50,219

52,996

78,260

82,162

57,752

55,875

93,103

88,853

89,716

142,517

189,766

174,732

165,722

148,670

137,685

79,904

62,429

58,114

58,600

37,900

28,200

83,100

68,300

95,400

123,900

49,400

44,000

35,300

61,100

50,700

45,500

59,000

54,800

53,000

41,300

39,600

45,200

52,500

42,000

37,000

42,000

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
23,732
23,308
24,787
23,024
12,814
8,182
7,058
6,934
6,988
7,263
6,938
6,474
6,424
7,631
4,407
4,232
3,949
3,319
2,224
2,043
3,308
1,817
2,082
1,958
2,461
2,572
2,429
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,429

2,572

2,461

1,958

2,082

1,817

3,308

2,043

2,224

3,319

3,949

4,232

4,407

7,631

6,424

6,474

6,938

7,263

6,988

6,934

7,058

8,182

12,814

23,024

24,787

23,308

23,732

Net Receivables

434,900
431,500
434,900
439,000
465,000
418,000
434,300
436,000
410,500
410,500
505,300
510,700
531,700
531,900
571,000
555,000
570,500
600,000
636,800
630,000
630,000
765,500
852,700
850,600
885,835
985,438
1,023,791
983,876
986,063
1,009,582
997,955
998,374
1,077,987
880,071
1,163,587
1,200,777
1,198,125
1,244,295
1,285,880
1,258,563
1,280,531
1,302,017
1,355,311
1,314,170
1,268,739
1,261,947
1,297,650
1,232,014
1,245,272
1,237,537
1,273,994
1,332,266
1,344,031
1,451,319
1,597,358
1,574,971
1,556,163
1,613,496
1,620,303
1,390,973
1,281,517
1,249,020
1,182,851
1,057,171
1,043,570
1,050,509
1,053,355
1,090,927
1,103,195
1,175,768
1,138,777
1,302,668
1,175,629
1,194,191
1,270,706
1,315,017
1,351,006
1,402,980
1,396,478
1,358,953
1,356,481
1,313,933
1,355,493
1,337,388
1,349,720
1,445,034
1,462,651
1,477,596
1,487,048
1,588,229
1,638,119
1,626,128
1,653,373
1,633,260
1,673,421
1,730,543
1,731,814
1,791,423
1,884,127
1,931,863
1,975,845
2,126,250
2,105,770
2,208,643
2,250,748
2,107,831
2,129,654
2,094,052
2,229,894
2,306,088
2,427,219
2,434,662
2,565,568
2,704,358
2,809,915
2,840,547
2,972,106
3,141,471
3,372,785
3,473,375

3,473,375

3,372,785

3,141,471

2,972,106

2,840,547

2,809,915

2,704,358

2,565,568

2,434,662

2,427,219

2,306,088

2,229,894

2,094,052

2,129,654

2,107,831

2,250,748

2,208,643

2,105,770

2,126,250

1,975,845

1,931,863

1,884,127

1,791,423

1,731,814

1,730,543

1,673,421

1,633,260

1,653,373

1,626,128

1,638,119

1,588,229

1,487,048

1,477,596

1,462,651

1,445,034

1,349,720

1,337,388

1,355,493

1,313,933

1,356,481

1,358,953

1,396,478

1,402,980

1,351,006

1,315,017

1,270,706

1,194,191

1,175,629

1,302,668

1,138,777

1,175,768

1,103,195

1,090,927

1,053,355

1,050,509

1,043,570

1,057,171

1,182,851

1,249,020

1,281,517

1,390,973

1,620,303

1,613,496

1,556,163

1,574,971

1,597,358

1,451,319

1,344,031

1,332,266

1,273,994

1,237,537

1,245,272

1,232,014

1,297,650

1,261,947

1,268,739

1,314,170

1,355,311

1,302,017

1,280,531

1,258,563

1,285,880

1,244,295

1,198,125

1,200,777

1,163,587

880,071

1,077,987

998,374

997,955

1,009,582

986,063

983,876

1,023,791

985,438

885,835

850,600

852,700

765,500

630,000

636,800

600,000

570,500

555,000

571,000

531,900

531,700

510,700

505,300

410,500

436,000

434,300

418,000

465,000

439,000

434,900

431,500

434,900

Inventory

7,600
7,300
7,600
6,900
7,900
7,800
7,900
8,000
9,500
9,500
8,100
9,100
8,700
8,500
8,200
7,400
6,700
6,400
6,300
7,200
7,200
7,400
7,500
9,800
7,936
6,853
6,830
6,909
6,983
7,266
7,152
7,158
9,008
8,887
10,536
12,271
11,720
11,944
11,876
9,863
10,083
10,030
9,480
10,580
9,359
8,853
8,747
10,175
9,583
13,112
14,582
18,015
18,408
17,089
49,801
52,247
56,909
56,526
61,570
54,601
51,043
45,924
39,895
34,468
32,816
31,738
27,789
32,778
38,035
38,310
38,774
44,914
47,124
46,085
47,023
50,512
39,655
44,994
42,724
52,123
50,332
58,251
67,173
46,854
46,346
65,123
47,843
37,545
37,003
41,946
43,913
37,426
42,672
42,451
43,653
42,724
43,727
43,665
41,932
42,321
39,443
39,180
38,721
40,446
35,387
40,590
39,253
53,338
48,212
64,713
64,489
54,098
71,463
93,464
101,874
85,641
100,405
106,080
115,466
110,774

110,774

115,466

106,080

100,405

85,641

101,874

93,464

71,463

54,098

64,489

64,713

48,212

53,338

39,253

40,590

35,387

40,446

38,721

39,180

39,443

42,321

41,932

43,665

43,727

42,724

43,653

42,451

42,672

37,426

43,913

41,946

37,003

37,545

47,843

65,123

46,346

46,854

67,173

58,251

50,332

52,123

42,724

44,994

39,655

50,512

47,023

46,085

47,124

44,914

38,774

38,310

38,035

32,778

27,789

31,738

32,816

34,468

39,895

45,924

51,043

54,601

61,570

56,526

56,909

52,247

49,801

17,089

18,408

18,015

14,582

13,112

9,583

10,175

8,747

8,853

9,359

10,580

9,480

10,030

10,083

9,863

11,876

11,944

11,720

12,271

10,536

8,887

9,008

7,158

7,152

7,266

6,983

6,909

6,830

6,853

7,936

9,800

7,500

7,400

7,200

6,300

6,400

6,700

7,400

8,200

8,500

8,700

9,100

8,100

9,500

8,000

7,900

7,800

7,900

6,900

7,600

7,300

7,600

Other Current Assets

91,400
89,600
91,400
115,800
65,300
118,300
125,300
135,900
133,000
78,100
7,600
8,200
8,200
11,500
10,100
10,900
10,000
11,100
9,400
11,700
11,700
9,700
8,800
9,000
8,535
10,562
10,212
10,290
8,998
9,356
9,824
22,026
20,838
227,712
25,693
28,784
31,983
34,737
35,423
42,470
43,153
41,023
26,757
30,417
30,674
43,683
27,561
43,829
41,696
47,514
37,673
38,397
39,560
47,864
51,441
56,935
55,566
56,872
52,841
105,441
90,156
89,062
86,764
90,049
94,343
108,356
114,592
88,253
111,858
121,784
108,233
77,749
119,470
119,819
109,085
73,621
72,430
80,338
85,247
90,727
67,699
78,530
66,558
103,201
119,139
135,939
128,828
117,734
134,632
139,906
142,553
130,697
144,902
132,224
135,602
122,621
41,793
48,511
44,221
48,116
46,542
41,831
45,549
51,976
52,161
49,268
48,841
70,679
68,692
73,645
70,954
80,889
64,861
65,348
63,657
79,346
69,834
59,018
57,012
72,472

72,472

57,012

59,018

69,834

79,346

63,657

65,348

64,861

80,889

70,954

73,645

68,692

70,679

48,841

49,268

52,161

51,976

45,549

41,831

46,542

48,116

44,221

48,511

41,793

122,621

135,602

132,224

144,902

130,697

142,553

139,906

134,632

117,734

128,828

135,939

119,139

103,201

66,558

78,530

67,699

90,727

85,247

80,338

72,430

73,621

109,085

119,819

119,470

77,749

108,233

121,784

111,858

88,253

114,592

108,356

94,343

90,049

86,764

89,062

90,156

105,441

52,841

56,872

55,566

56,935

51,441

47,864

39,560

38,397

37,673

47,514

41,696

43,829

27,561

43,683

30,674

30,417

26,757

41,023

43,153

42,470

35,423

34,737

31,983

28,784

25,693

227,712

20,838

22,026

9,824

9,356

8,998

10,290

10,212

10,562

8,535

9,000

8,800

9,700

11,700

9,400

11,100

10,000

10,900

10,100

11,500

8,200

7,600

78,100

133,000

135,900

125,300

118,300

65,300

115,800

91,400

89,600

91,400

> Long-term Assets

208,700
219,500
208,700
93,300
91,800
89,300
76,400
78,000
79,400
40,800
33,000
36,000
35,300
33,800
34,600
38,000
41,500
43,600
56,300
69,000
69,000
125,900
123,400
128,500
131,295
132,197
135,283
123,104
122,375
121,227
125,573
132,340
252,854
269,075
292,496
423,556
422,739
425,759
423,294
406,091
402,577
404,615
401,904
392,398
389,442
386,805
383,500
389,138
385,072
380,916
385,822
426,610
426,924
423,826
921,838
935,853
948,262
964,967
971,363
997,664
998,359
1,002,650
995,833
1,004,529
999,355
956,997
738,034
775,375
808,142
1,087,220
1,072,858
1,077,423
1,082,604
1,073,851
1,067,548
1,062,617
1,052,523
1,046,639
1,538,273
1,535,810
1,526,336
1,517,062
1,507,997
1,502,364
1,488,289
1,480,052
1,468,283
1,479,051
1,468,732
1,658,458
1,647,837
1,683,323
1,763,370
1,747,738
1,734,349
1,681,395
1,672,222
1,679,178
1,671,701
1,702,600
1,964,463
1,972,943
1,974,608
2,170,475
2,150,159
1,911,343
1,932,895
1,942,904
1,955,558
2,019,816
2,070,111
2,050,452
2,014,749
2,020,904
2,059,467
2,062,634
2,078,490
2,098,048
2,155,298
2,162,750

2,162,750

2,155,298

2,098,048

2,078,490

2,062,634

2,059,467

2,020,904

2,014,749

2,050,452

2,070,111

2,019,816

1,955,558

1,942,904

1,932,895

1,911,343

2,150,159

2,170,475

1,974,608

1,972,943

1,964,463

1,702,600

1,671,701

1,679,178

1,672,222

1,681,395

1,734,349

1,747,738

1,763,370

1,683,323

1,647,837

1,658,458

1,468,732

1,479,051

1,468,283

1,480,052

1,488,289

1,502,364

1,507,997

1,517,062

1,526,336

1,535,810

1,538,273

1,046,639

1,052,523

1,062,617

1,067,548

1,073,851

1,082,604

1,077,423

1,072,858

1,087,220

808,142

775,375

738,034

956,997

999,355

1,004,529

995,833

1,002,650

998,359

997,664

971,363

964,967

948,262

935,853

921,838

423,826

426,924

426,610

385,822

380,916

385,072

389,138

383,500

386,805

389,442

392,398

401,904

404,615

402,577

406,091

423,294

425,759

422,739

423,556

292,496

269,075

252,854

132,340

125,573

121,227

122,375

123,104

135,283

132,197

131,295

128,500

123,400

125,900

69,000

56,300

43,600

41,500

38,000

34,600

33,800

35,300

36,000

33,000

40,800

79,400

78,000

76,400

89,300

91,800

93,300

208,700

219,500

208,700

Property Plant Equipment

38,400
37,600
38,400
33,700
31,500
30,200
28,400
27,100
25,800
24,900
25,500
27,000
27,000
26,600
26,500
27,200
27,600
28,300
31,000
32,100
32,100
37,100
37,200
36,500
37,101
36,503
36,642
38,959
39,009
39,296
41,388
42,548
54,402
55,276
55,966
70,750
69,818
69,832
68,363
66,156
62,843
62,693
57,467
56,468
54,447
51,828
49,588
46,443
47,389
47,070
46,437
52,780
53,305
52,028
79,504
83,963
86,244
88,807
90,609
96,716
97,267
94,802
92,813
92,057
89,793
87,459
87,478
88,615
88,549
97,357
97,147
101,663
111,701
113,750
116,406
116,631
114,384
113,562
123,138
123,414
122,456
121,376
122,240
122,178
118,274
118,529
117,039
122,018
121,825
128,376
128,290
127,951
131,455
127,754
126,563
127,156
124,797
124,993
128,765
134,351
373,187
378,811
382,019
401,658
395,644
399,112
391,458
400,582
396,659
405,970
422,241
412,844
417,725
426,495
419,066
425,882
435,334
462,266
476,805
489,876

489,876

476,805

462,266

435,334

425,882

419,066

426,495

417,725

412,844

422,241

405,970

396,659

400,582

391,458

399,112

395,644

401,658

382,019

378,811

373,187

134,351

128,765

124,993

124,797

127,156

126,563

127,754

131,455

127,951

128,290

128,376

121,825

122,018

117,039

118,529

118,274

122,178

122,240

121,376

122,456

123,414

123,138

113,562

114,384

116,631

116,406

113,750

111,701

101,663

97,147

97,357

88,549

88,615

87,478

87,459

89,793

92,057

92,813

94,802

97,267

96,716

90,609

88,807

86,244

83,963

79,504

52,028

53,305

52,780

46,437

47,070

47,389

46,443

49,588

51,828

54,447

56,468

57,467

62,693

62,843

66,156

68,363

69,832

69,818

70,750

55,966

55,276

54,402

42,548

41,388

39,296

39,009

38,959

36,642

36,503

37,101

36,500

37,200

37,100

32,100

31,000

28,300

27,600

27,200

26,500

26,600

27,000

25,500

24,900

25,800

27,100

28,400

30,200

31,500

33,700

38,400

37,600

38,400

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
67,625
0
0
0
56,011
169,603
184,345
186,862
290,412
293,408
293,889
293,538
277,994
279,304
279,500
280,761
279,432
279,929
279,929
278,907
283,412
283,039
283,039
285,234
288,165
288,168
297,058
592,548
563,918
564,791
569,327
574,363
582,714
584,125
586,127
587,259
593,628
594,426
594,432
388,673
406,804
426,688
570,653
566,752
566,805
568,868
567,709
568,166
566,588
566,588
566,709
829,316
834,825
834,102
834,102
834,102
834,102
834,102
834,628
834,660
843,170
843,170
979,339
979,339
979,628
1,010,399
1,010,399
1,010,399
964,893
965,046
978,303
978,243
990,887
1,004,710
1,013,822
1,019,590
1,063,911
1,064,853
839,772
846,908
851,783
862,323
868,819
888,303
890,268
891,536
901,208
916,812
919,151
923,274
927,485
953,359
956,549

956,549

953,359

927,485

923,274

919,151

916,812

901,208

891,536

890,268

888,303

868,819

862,323

851,783

846,908

839,772

1,064,853

1,063,911

1,019,590

1,013,822

1,004,710

990,887

978,243

978,303

965,046

964,893

1,010,399

979,628

979,339

843,170

834,660

834,628

834,102

834,825

829,316

566,709

566,588

568,166

567,709

568,868

566,805

566,752

570,653

426,688

406,804

388,673

594,432

594,426

593,628

587,259

586,127

584,125

582,714

574,363

569,327

564,791

563,918

592,548

297,058

288,168

288,165

285,234

283,039

283,412

278,907

279,929

279,432

280,761

279,500

279,304

277,994

293,538

293,889

293,408

290,412

186,862

184,345

169,603

56,011

67,625

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,698
5,749
6,211
5,767
5,783
5,951
5,618
5,026
4,500
4,700
4,959
4,116
4,239
5,865
6,799
6,567
8,792
7,634
9,122
6,029
6,570
7,146
8,359
8,599
7,668
8,227
8,792
9,218
7,722
7,604
2,309
3,680
4,180
3,542
2,899
3,638
1,904
1,478
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,478

1,904

3,638

2,899

3,542

4,180

3,680

2,309

7,604

7,722

9,218

8,792

8,227

7,668

8,599

8,359

7,146

6,570

6,029

9,122

7,634

8,792

6,567

6,799

5,865

4,239

4,116

4,959

4,700

4,500

5,026

5,618

5,951

5,783

5,767

6,211

5,749

5,698

Intangible Assets

58,600
58,200
58,600
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
59,400
60,000
68,000
67,034
66,860
67,545
67,625
66,296
67,332
69,089
56,011
169,603
184,345
186,862
304,257
306,378
305,983
305,099
300,220
300,669
300,004
300,404
298,214
297,850
296,989
295,169
300,402
299,236
15,429
16,111
38,251
37,251
27,697
206,647
252,146
261,142
271,315
270,803
292,128
291,714
287,211
282,623
264,522
270,315
246,487
223,995
245,089
259,401
387,382
380,621
370,373
363,336
355,950
348,545
343,748
337,412
332,046
550,785
541,497
531,994
522,493
513,001
502,060
492,599
483,680
474,240
472,834
463,364
510,723
500,056
487,398
521,417
509,341
497,278
495,036
484,368
481,577
471,447
488,286
491,175
488,017
482,785
611,444
597,897
576,540
596,679
582,893
580,555
587,247
602,234
589,365
574,614
577,284
605,949
593,975
584,598
574,475
600,790
586,032

586,032

600,790

574,475

584,598

593,975

605,949

577,284

574,614

589,365

602,234

587,247

580,555

582,893

596,679

576,540

597,897

611,444

482,785

488,017

491,175

488,286

471,447

481,577

484,368

495,036

497,278

509,341

521,417

487,398

500,056

510,723

463,364

472,834

474,240

483,680

492,599

502,060

513,001

522,493

531,994

541,497

550,785

332,046

337,412

343,748

348,545

355,950

363,336

370,373

380,621

387,382

259,401

245,089

223,995

246,487

270,315

264,522

282,623

287,211

291,714

292,128

270,803

271,315

261,142

252,146

206,647

27,697

37,251

38,251

16,111

15,429

299,236

300,402

295,169

296,989

297,850

298,214

300,404

300,004

300,669

300,220

305,099

305,983

306,378

304,257

186,862

184,345

169,603

56,011

69,089

67,332

66,296

67,625

67,545

66,860

67,034

68,000

60,000

59,400

58,600

58,200

58,600

Long-term Assets Other

111,700
123,700
111,700
59,600
60,300
59,100
48,000
50,900
53,600
15,900
7,500
9,000
8,300
7,200
8,100
10,800
13,900
15,300
25,300
36,900
36,900
29,400
26,200
24,000
27,160
28,834
31,096
16,520
17,070
14,599
15,096
33,781
28,849
29,454
49,668
48,549
46,543
49,944
49,832
39,715
39,065
41,918
44,033
37,716
37,145
37,988
38,743
42,293
38,447
35,378
38,040
47,414
48,200
47,043
43,139
35,826
36,085
35,518
35,588
11,148
11,203
11,842
11,675
35,035
39,271
22,921
32,139
28,656
27,737
26,045
22,387
32,964
33,673
31,942
29,731
30,691
30,023
30,083
29,169
29,275
31,217
30,299
31,020
34,902
37,285
36,645
35,198
32,670
31,774
32,352
31,925
79,554
90,881
92,522
92,505
92,001
94,331
90,125
89,704
86,177
91,753
90,389
88,736
93,462
91,765
95,919
97,850
107,646
116,021
157,780
157,333
157,975
130,874
115,917
117,640
123,626
135,284
133,822
124,344
130,293

130,293

124,344

133,822

135,284

123,626

117,640

115,917

130,874

157,975

157,333

157,780

116,021

107,646

97,850

95,919

91,765

93,462

88,736

90,389

91,753

86,177

89,704

90,125

94,331

92,001

92,505

92,522

90,881

79,554

31,925

32,352

31,774

32,670

35,198

36,645

37,285

34,902

31,020

30,299

31,217

29,275

29,169

30,083

30,023

30,691

29,731

31,942

33,673

32,964

22,387

26,045

27,737

28,656

32,139

22,921

39,271

35,035

11,675

11,842

11,203

11,148

35,588

35,518

36,085

35,826

43,139

47,043

48,200

47,414

38,040

35,378

38,447

42,293

38,743

37,988

37,145

37,716

44,033

41,918

39,065

39,715

49,832

49,944

46,543

48,549

49,668

29,454

28,849

33,781

15,096

14,599

17,070

16,520

31,096

28,834

27,160

24,000

26,200

29,400

36,900

25,300

15,300

13,900

10,800

8,100

7,200

8,300

9,000

7,500

15,900

53,600

50,900

48,000

59,100

60,300

59,600

111,700

123,700

111,700

> Total Liabilities

1,096,200
1,099,600
1,096,200
626,400
600,200
603,700
615,300
640,300
620,500
521,400
520,500
530,800
561,000
536,100
577,500
565,400
640,600
639,800
663,700
681,200
681,200
806,600
885,000
886,300
913,687
1,006,246
1,046,866
1,028,361
1,030,870
934,956
911,041
927,731
1,071,572
1,050,309
1,111,704
1,268,621
1,224,592
1,265,378
1,322,632
1,273,891
1,263,188
1,281,128
1,348,977
1,255,608
1,203,052
1,200,704
1,178,725
1,163,505
1,143,751
1,201,205
1,271,294
1,378,714
1,380,188
1,505,864
2,019,416
1,986,602
1,927,077
2,004,391
2,035,865
1,965,059
1,783,960
1,827,706
1,822,326
1,755,428
1,586,582
1,527,896
1,509,393
1,592,697
1,556,503
1,672,670
1,649,296
1,768,945
1,676,853
1,672,317
1,724,617
1,749,891
1,623,231
1,697,876
2,071,558
1,986,289
1,881,002
1,857,404
1,908,944
1,959,580
1,882,108
1,943,499
1,969,260
2,066,414
1,965,209
2,263,867
2,311,061
2,356,228
2,271,021
2,268,645
2,348,456
2,291,787
2,150,333
2,134,268
2,216,767
2,347,366
2,466,702
2,498,747
2,556,910
2,772,578
2,807,953
2,646,225
2,822,120
3,010,596
2,940,517
3,041,993
3,154,628
3,188,357
3,095,356
3,193,653
3,596,307
3,550,316
3,574,585
3,789,582
3,944,224
4,138,906

4,138,906

3,944,224

3,789,582

3,574,585

3,550,316

3,596,307

3,193,653

3,095,356

3,188,357

3,154,628

3,041,993

2,940,517

3,010,596

2,822,120

2,646,225

2,807,953

2,772,578

2,556,910

2,498,747

2,466,702

2,347,366

2,216,767

2,134,268

2,150,333

2,291,787

2,348,456

2,268,645

2,271,021

2,356,228

2,311,061

2,263,867

1,965,209

2,066,414

1,969,260

1,943,499

1,882,108

1,959,580

1,908,944

1,857,404

1,881,002

1,986,289

2,071,558

1,697,876

1,623,231

1,749,891

1,724,617

1,672,317

1,676,853

1,768,945

1,649,296

1,672,670

1,556,503

1,592,697

1,509,393

1,527,896

1,586,582

1,755,428

1,822,326

1,827,706

1,783,960

1,965,059

2,035,865

2,004,391

1,927,077

1,986,602

2,019,416

1,505,864

1,380,188

1,378,714

1,271,294

1,201,205

1,143,751

1,163,505

1,178,725

1,200,704

1,203,052

1,255,608

1,348,977

1,281,128

1,263,188

1,273,891

1,322,632

1,265,378

1,224,592

1,268,621

1,111,704

1,050,309

1,071,572

927,731

911,041

934,956

1,030,870

1,028,361

1,046,866

1,006,246

913,687

886,300

885,000

806,600

681,200

663,700

639,800

640,600

565,400

577,500

536,100

561,000

530,800

520,500

521,400

620,500

640,300

615,300

603,700

600,200

626,400

1,096,200

1,099,600

1,096,200

> Total Current Liabilities

443,300
445,200
443,300
522,000
493,500
486,700
501,900
525,500
503,000
425,500
417,500
421,700
449,100
430,500
467,400
456,600
476,800
474,800
498,500
511,900
511,900
635,900
713,500
717,600
745,459
833,858
867,099
852,387
851,311
866,203
837,159
854,261
972,524
969,351
1,028,518
1,179,875
1,134,118
1,171,368
1,227,643
1,178,457
1,164,675
1,181,676
1,242,002
1,162,373
1,104,904
1,088,012
1,080,560
1,045,316
1,005,609
1,066,200
1,126,998
1,208,348
1,208,309
1,321,202
1,491,802
1,514,223
1,483,651
1,561,489
1,599,516
1,513,155
1,348,349
1,395,768
1,389,611
1,334,605
1,157,623
1,150,297
1,158,228
1,232,699
1,187,454
1,264,855
1,235,206
1,330,913
1,232,499
1,229,897
1,278,195
1,294,519
1,175,912
1,251,625
1,292,016
1,298,743
1,202,414
1,184,539
1,247,130
1,283,417
1,212,878
1,273,965
1,309,230
1,413,728
1,319,752
1,392,661
1,446,836
1,511,774
1,472,860
1,468,857
1,552,279
1,650,952
1,512,297
1,504,930
1,589,568
1,734,398
1,673,183
1,704,566
1,793,374
1,938,610
1,786,382
1,808,212
1,978,848
2,163,232
2,093,407
2,143,110
2,250,123
2,361,731
2,296,570
2,402,935
2,638,796
2,753,522
2,661,391
2,949,462
3,232,802
3,518,355

3,518,355

3,232,802

2,949,462

2,661,391

2,753,522

2,638,796

2,402,935

2,296,570

2,361,731

2,250,123

2,143,110

2,093,407

2,163,232

1,978,848

1,808,212

1,786,382

1,938,610

1,793,374

1,704,566

1,673,183

1,734,398

1,589,568

1,504,930

1,512,297

1,650,952

1,552,279

1,468,857

1,472,860

1,511,774

1,446,836

1,392,661

1,319,752

1,413,728

1,309,230

1,273,965

1,212,878

1,283,417

1,247,130

1,184,539

1,202,414

1,298,743

1,292,016

1,251,625

1,175,912

1,294,519

1,278,195

1,229,897

1,232,499

1,330,913

1,235,206

1,264,855

1,187,454

1,232,699

1,158,228

1,150,297

1,157,623

1,334,605

1,389,611

1,395,768

1,348,349

1,513,155

1,599,516

1,561,489

1,483,651

1,514,223

1,491,802

1,321,202

1,208,309

1,208,348

1,126,998

1,066,200

1,005,609

1,045,316

1,080,560

1,088,012

1,104,904

1,162,373

1,242,002

1,181,676

1,164,675

1,178,457

1,227,643

1,171,368

1,134,118

1,179,875

1,028,518

969,351

972,524

854,261

837,159

866,203

851,311

852,387

867,099

833,858

745,459

717,600

713,500

635,900

511,900

498,500

474,800

476,800

456,600

467,400

430,500

449,100

421,700

417,500

425,500

503,000

525,500

501,900

486,700

493,500

522,000

443,300

445,200

443,300

Short-term Debt

0
0
20,100
102,300
102,500
105,800
105,800
103,500
104,800
28,400
12,400
14,600
19,800
14,100
17,900
123,300
133,700
800
1,900
0
8,000
22,000
12,400
2,200
2,069
17,656
1,177
751
667
542
443
947
50,630
21,592
22,193
134,276
167,345
167,388
195,523
139,767
118,712
119,614
127,561
80,806
83,228
70,756
739
551
616
659
654
659
639
607
2,914
3,791
3,793
3,838
3,816
3,886
3,685
3,405
3,332
45,100
376
348
305
489
478
1,232
1,229
1,522
1,616
1,542
1,673
1,787
1,789
1,812
1,882
19,332
19,227
19,184
19,138
19,041
18,680
18,814
18,712
18,848
17,447
17,354
19,889
15,030
15,289
15,318
15,364
15,364
15,480
15,625
15,769
16,013
67,308
68,355
69,828
71,236
63,082
62,939
62,459
70,542
71,067
72,311
74,281
74,049
76,284
78,051
78,862
82,785
84,343
86,584
81,210
77,701

77,701

81,210

86,584

84,343

82,785

78,862

78,051

76,284

74,049

74,281

72,311

71,067

70,542

62,459

62,939

63,082

71,236

69,828

68,355

67,308

16,013

15,769

15,625

15,480

15,364

15,318

15,289

15,030

19,889

17,354

17,447

18,848

18,712

18,814

18,680

19,041

19,138

19,184

19,227

19,332

1,882

1,812

1,789

1,787

1,673

1,542

1,616

1,522

1,229

1,232

478

489

305

348

376

45,100

3,332

3,405

3,685

3,886

3,816

3,838

3,793

3,791

2,914

607

639

659

654

659

616

551

739

70,756

83,228

80,806

127,561

119,614

118,712

139,767

195,523

167,388

167,345

134,276

22,193

21,592

50,630

947

443

542

667

751

1,177

17,656

2,069

2,200

12,400

22,000

8,000

1,900

800

133,700

123,300

17,900

14,100

19,800

14,600

12,400

28,400

104,800

103,500

105,800

102,500

102,300

20,100

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
19,041
0
0
0
17,541
0
17,354
19,889
15,030
15,289
15,318
15,364
15,364
15,480
15,625
15,769
13,938
18,532
18,385
14,004
14,004
10,360
10,234
9,693
12,915
16,713
16,589
16,328
12,915
16,017
15,635
15,635
12,915
15,524
15,399
6,482
2,465

2,465

6,482

15,399

15,524

12,915

15,635

16,017

12,915

16,328

16,589

16,713

12,915

9,693

10,234

10,360

14,004

18,385

18,532

13,938

15,769

15,625

15,480

15,364

15,318

15,289

15,030

19,889

17,354

17,541

19,041

Accounts payable

178,900
181,000
178,900
219,600
196,700
204,200
208,700
224,000
196,600
202,900
207,300
218,100
218,200
220,400
235,100
239,100
237,300
243,000
236,600
246,900
246,900
284,200
318,700
342,900
337,107
353,816
358,036
365,139
316,994
318,896
287,245
313,227
327,026
359,208
361,916
409,562
350,562
380,720
389,270
451,713
444,959
434,576
441,304
467,415
427,667
439,046
438,120
452,709
427,390
841,006
873,386
908,476
926,701
1,035,341
1,155,404
1,109,745
1,080,132
1,153,869
1,173,696
500,881
391,606
405,791
390,504
379,764
341,666
333,810
347,158
416,715
392,524
431,280
398,560
477,801
445,142
467,777
464,383
490,621
457,769
488,414
479,604
487,738
426,799
399,926
404,094
460,478
410,566
428,424
423,260
488,251
439,782
450,646
465,362
501,213
466,962
469,318
485,701
567,840
487,333
505,379
529,618
652,091
577,883
579,461
584,824
665,402
592,576
563,128
596,093
671,886
624,884
635,803
637,865
734,275
719,792
722,924
751,074
849,284
724,104
790,158
824,155
935,967

935,967

824,155

790,158

724,104

849,284

751,074

722,924

719,792

734,275

637,865

635,803

624,884

671,886

596,093

563,128

592,576

665,402

584,824

579,461

577,883

652,091

529,618

505,379

487,333

567,840

485,701

469,318

466,962

501,213

465,362

450,646

439,782

488,251

423,260

428,424

410,566

460,478

404,094

399,926

426,799

487,738

479,604

488,414

457,769

490,621

464,383

467,777

445,142

477,801

398,560

431,280

392,524

416,715

347,158

333,810

341,666

379,764

390,504

405,791

391,606

500,881

1,173,696

1,153,869

1,080,132

1,109,745

1,155,404

1,035,341

926,701

908,476

873,386

841,006

427,390

452,709

438,120

439,046

427,667

467,415

441,304

434,576

444,959

451,713

389,270

380,720

350,562

409,562

361,916

359,208

327,026

313,227

287,245

318,896

316,994

365,139

358,036

353,816

337,107

342,900

318,700

284,200

246,900

236,600

243,000

237,300

239,100

235,100

220,400

218,200

218,100

207,300

202,900

196,600

224,000

208,700

204,200

196,700

219,600

178,900

181,000

178,900

Other Current Liabilities

264,400
264,200
244,300
200,100
194,300
176,700
187,400
198,000
201,600
194,200
197,800
189,000
211,100
196,000
214,400
94,200
105,800
231,000
260,000
265,000
257,000
329,700
382,400
372,500
406,283
462,386
507,886
486,497
533,650
483,041
549,471
319,165
358,973
364,549
404,882
363,092
370,041
379,432
372,714
345,207
377,824
408,914
447,719
359,667
351,827
357,164
406,350
330,235
353,049
224,535
252,958
299,213
280,969
285,254
333,484
400,687
399,726
403,782
422,004
601,834
600,238
629,758
613,046
526,241
522,515
516,247
647,765
456,690
458,405
463,038
429,191
441,695
400,303
380,651
408,818
418,584
361,500
361,945
419,924
410,378
384,511
384,648
439,116
435,343
414,866
441,738
477,531
477,394
441,378
459,526
494,508
506,289
498,220
461,106
518,828
543,592
453,178
432,312
512,897
514,004
491,629
512,404
572,765
578,330
539,851
526,847
605,610
698,552
657,884
665,037
757,311
765,273
672,786
676,227
762,548
723,190
696,414
714,980
838,113
909,578

909,578

838,113

714,980

696,414

723,190

762,548

676,227

672,786

765,273

757,311

665,037

657,884

698,552

605,610

526,847

539,851

578,330

572,765

512,404

491,629

514,004

512,897

432,312

453,178

543,592

518,828

461,106

498,220

506,289

494,508

459,526

441,378

477,394

477,531

441,738

414,866

435,343

439,116

384,648

384,511

410,378

419,924

361,945

361,500

418,584

408,818

380,651

400,303

441,695

429,191

463,038

458,405

456,690

647,765

516,247

522,515

526,241

613,046

629,758

600,238

601,834

422,004

403,782

399,726

400,687

333,484

285,254

280,969

299,213

252,958

224,535

353,049

330,235

406,350

357,164

351,827

359,667

447,719

408,914

377,824

345,207

372,714

379,432

370,041

363,092

404,882

364,549

358,973

319,165

549,471

483,041

533,650

486,497

507,886

462,386

406,283

372,500

382,400

329,700

257,000

265,000

260,000

231,000

105,800

94,200

214,400

196,000

211,100

189,000

197,800

194,200

201,600

198,000

187,400

176,700

194,300

200,100

244,300

264,200

264,400

> Long-term Liabilities

652,900
654,400
652,900
104,400
106,700
117,000
113,400
114,800
117,500
95,900
103,000
109,100
111,900
105,600
110,100
108,800
163,800
165,000
165,200
169,300
169,300
170,700
171,500
168,700
168,228
172,388
179,767
175,974
179,559
68,753
73,882
73,470
99,048
80,958
83,186
88,746
90,474
94,010
94,989
95,434
98,513
99,452
106,975
93,235
98,148
112,692
98,165
118,189
138,142
135,005
144,296
170,366
171,879
184,662
527,614
472,379
443,426
442,902
436,349
451,904
435,611
431,938
432,715
420,823
428,959
377,599
351,165
359,998
369,049
407,815
414,090
438,032
444,354
442,420
446,422
455,372
447,319
446,251
779,542
687,546
678,588
672,865
661,814
676,163
669,230
669,534
660,030
652,686
645,457
871,206
864,225
844,454
798,161
799,788
796,177
640,835
638,036
629,338
627,199
612,968
793,519
794,181
763,536
833,968
1,021,571
838,013
843,272
847,364
847,110
898,883
904,505
826,626
798,786
790,718
957,511
796,794
913,194
840,120
711,422
620,551

620,551

711,422

840,120

913,194

796,794

957,511

790,718

798,786

826,626

904,505

898,883

847,110

847,364

843,272

838,013

1,021,571

833,968

763,536

794,181

793,519

612,968

627,199

629,338

638,036

640,835

796,177

799,788

798,161

844,454

864,225

871,206

645,457

652,686

660,030

669,534

669,230

676,163

661,814

672,865

678,588

687,546

779,542

446,251

447,319

455,372

446,422

442,420

444,354

438,032

414,090

407,815

369,049

359,998

351,165

377,599

428,959

420,823

432,715

431,938

435,611

451,904

436,349

442,902

443,426

472,379

527,614

184,662

171,879

170,366

144,296

135,005

138,142

118,189

98,165

112,692

98,148

93,235

106,975

99,452

98,513

95,434

94,989

94,010

90,474

88,746

83,186

80,958

99,048

73,470

73,882

68,753

179,559

175,974

179,767

172,388

168,228

168,700

171,500

170,700

169,300

165,200

165,000

163,800

108,800

110,100

105,600

111,900

109,100

103,000

95,900

117,500

114,800

113,400

117,000

106,700

104,400

652,900

654,400

652,900

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
150,000
150,053
151,184
151,426
152,181
152,200
153,335
154,487
154,313
154,311
154,112
153,602
153,369
403,195
335,331
330,639
326,084
321,222
316,399
311,302
307,523
303,040
300,065
293,958
509,841
503,388
408,296
405,405
401,866
398,506
294,786
291,478
287,492
283,569
279,764
25,000
25,000
247,837
50,000
200,000
294,126
272,243
259,619
259,714
259,653
259,337
245,450
245,416
245,004
415,101
231,625
100,000
231,454
97,480
0

97,480

231,454

100,000

231,625

415,101

245,004

245,416

245,450

259,337

259,653

259,714

259,619

272,243

294,126

200,000

50,000

247,837

25,000

279,764

283,569

287,492

291,478

294,786

398,506

401,866

405,405

408,296

503,388

509,841

293,958

300,065

303,040

307,523

311,302

316,399

321,222

326,084

330,639

335,331

403,195

153,369

153,602

154,112

154,311

154,313

154,487

153,335

152,200

152,181

151,426

151,184

150,053

150,000

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
52,335
56,460
63,915
60,096
63,720
67,958
73,156
72,622
76,413
80,191
82,371
87,841
89,734
93,321
94,367
94,873
97,977
98,875
106,387
77,303
96,788
111,362
96,745
107,083
136,812
133,628
143,008
169,127
170,746
183,575
228,664
248,926
244,958
245,302
239,604
255,686
240,242
238,209
239,840
198,772
278,802
227,503
201,112
175,914
217,623
255,634
261,890
206,197
289,867
288,107
292,111
213,160
293,717
292,882
376,347
177,915
347,949
346,781
340,592
186,064
357,928
362,011
356,990
184,721
351,499
361,365
360,837
264,158
392,756
397,922
397,671
271,349
346,558
341,846
343,630
333,204
321,855
322,584
322,197
334,879
328,898
339,526
371,062
382,383
385,502
427,747
416,607
360,340
329,139
317,995
323,442
344,405
355,587
0
357,636
0

357,636

355,587

344,405

323,442

317,995

329,139

360,340

416,607

427,747

385,502

382,383

371,062

339,526

328,898

334,879

322,197

322,584

321,855

333,204

343,630

341,846

346,558

271,349

397,671

397,922

392,756

264,158

360,837

361,365

351,499

184,721

356,990

362,011

357,928

186,064

340,592

346,781

347,949

177,915

376,347

292,882

293,717

213,160

292,111

288,107

289,867

206,197

261,890

255,634

217,623

175,914

201,112

227,503

278,802

198,772

239,840

238,209

240,242

255,686

239,604

245,302

244,958

248,926

228,664

183,575

170,746

169,127

143,008

133,628

136,812

107,083

96,745

111,362

96,788

77,303

106,387

98,875

97,977

94,873

94,367

93,321

89,734

87,841

82,371

80,191

76,413

72,622

73,156

67,958

63,720

60,096

63,915

56,460

52,335

> Total Stockholder Equity

-311,600
-314,700
-311,600
81,100
75,000
69,300
69,900
70,600
66,700
76,500
79,000
83,900
84,000
84,900
90,400
95,300
112,000
116,700
113,400
119,800
119,800
130,100
145,300
170,200
178,028
191,233
209,154
233,503
242,219
378,197
404,195
421,933
431,632
450,910
469,461
489,870
495,850
509,109
516,003
521,356
526,152
526,776
545,500
562,361
564,434
571,218
606,732
615,436
629,016
658,774
685,299
710,309
725,304
770,569
824,099
885,041
914,812
962,981
1,011,061
1,043,345
1,080,322
1,132,155
1,179,426
1,218,071
1,243,737
1,278,653
1,108,340
1,152,943
1,182,826
1,214,007
1,239,255
1,234,734
1,256,318
1,277,820
1,318,123
1,346,080
1,380,885
1,396,400
1,422,188
1,466,265
1,513,472
1,533,862
1,511,691
1,416,013
1,427,739
1,470,815
1,510,312
1,476,711
1,481,699
1,535,223
1,582,590
1,537,089
1,533,318
1,578,076
1,617,012
1,673,267
1,690,816
1,734,283
1,778,228
1,740,545
1,810,766
1,894,185
1,975,165
2,057,134
2,026,948
1,943,622
2,007,289
2,052,668
2,119,968
2,090,475
2,141,348
2,252,387
2,135,096
1,952,089
1,841,720
1,973,589
2,065,623
2,117,385
2,278,930
2,469,778

2,469,778

2,278,930

2,117,385

2,065,623

1,973,589

1,841,720

1,952,089

2,135,096

2,252,387

2,141,348

2,090,475

2,119,968

2,052,668

2,007,289

1,943,622

2,026,948

2,057,134

1,975,165

1,894,185

1,810,766

1,740,545

1,778,228

1,734,283

1,690,816

1,673,267

1,617,012

1,578,076

1,533,318

1,537,089

1,582,590

1,535,223

1,481,699

1,476,711

1,510,312

1,470,815

1,427,739

1,416,013

1,511,691

1,533,862

1,513,472

1,466,265

1,422,188

1,396,400

1,380,885

1,346,080

1,318,123

1,277,820

1,256,318

1,234,734

1,239,255

1,214,007

1,182,826

1,152,943

1,108,340

1,278,653

1,243,737

1,218,071

1,179,426

1,132,155

1,080,322

1,043,345

1,011,061

962,981

914,812

885,041

824,099

770,569

725,304

710,309

685,299

658,774

629,016

615,436

606,732

571,218

564,434

562,361

545,500

526,776

526,152

521,356

516,003

509,109

495,850

489,870

469,461

450,910

431,632

421,933

404,195

378,197

242,219

233,503

209,154

191,233

178,028

170,200

145,300

130,100

119,800

113,400

116,700

112,000

95,300

90,400

84,900

84,000

83,900

79,000

76,500

66,700

70,600

69,900

69,300

75,000

81,100

-311,600

-314,700

-311,600

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100
100
117
117
117
117
117
159
159
159
159
159
159
161
161
161
161
162
162
162
162
163
166
166
166
333
334
335
336
336
337
676
677
678
679
679
680
681
684
685
686
687
688
689
689
690
692
692
693
681
681
679
678
680
682
681
681
676
680
677
662
636
633
634
635
617
613
614
614
606
599
598
599
599
600
600
601
601
602
603
603
604
605
605
605
606
607
607
607
607
608
609
609
609
610
611
611
611

611

610

609

608

607

606

605

604

603

602

601

600

599

598

599

606

614

613

617

635

634

633

636

662

677

680

676

681

682

680

678

679

681

693

692

690

689

688

687

686

685

684

681

680

679

678

677

676

337

336

335

334

333

166

163

162

161

159

117

100

Retained Earnings

-534,700
-538,300
-534,700
0
-7,000
-12,700
-12,100
-10,900
-14,500
-5,300
-3,400
-1,400
-1,200
-300
3,000
6,200
2,200
5,900
11,600
18,500
18,500
26,000
34,600
46,300
51,227
60,385
71,863
86,386
92,043
103,665
118,956
136,398
143,649
158,477
177,956
199,300
202,556
210,829
217,297
219,921
225,638
227,083
242,549
253,128
255,041
262,974
293,838
313,170
320,183
337,044
359,597
399,804
411,491
437,641
475,977
526,307
555,635
599,589
648,224
708,511
745,279
790,098
830,084
869,267
891,084
918,225
742,600
782,576
807,170
835,979
873,386
910,042
933,835
960,557
1,000,138
1,022,239
1,052,406
1,069,353
1,092,018
1,133,873
1,169,781
1,204,155
1,243,762
1,280,991
1,308,742
1,350,524
1,386,977
1,432,980
1,463,380
1,513,863
1,560,489
1,596,269
1,644,070
1,688,278
1,748,100
1,796,556
1,846,328
1,912,430
1,987,113
2,060,440
2,128,326
2,207,775
2,285,083
2,367,481
2,436,305
2,348,199
2,404,964
2,480,321
2,557,919
2,648,109
2,740,817
2,835,504
2,901,909
2,995,844
3,095,166
3,214,281
3,318,560
3,450,553
3,611,442
3,814,439

3,814,439

3,611,442

3,450,553

3,318,560

3,214,281

3,095,166

2,995,844

2,901,909

2,835,504

2,740,817

2,648,109

2,557,919

2,480,321

2,404,964

2,348,199

2,436,305

2,367,481

2,285,083

2,207,775

2,128,326

2,060,440

1,987,113

1,912,430

1,846,328

1,796,556

1,748,100

1,688,278

1,644,070

1,596,269

1,560,489

1,513,863

1,463,380

1,432,980

1,386,977

1,350,524

1,308,742

1,280,991

1,243,762

1,204,155

1,169,781

1,133,873

1,092,018

1,069,353

1,052,406

1,022,239

1,000,138

960,557

933,835

910,042

873,386

835,979

807,170

782,576

742,600

918,225

891,084

869,267

830,084

790,098

745,279

708,511

648,224

599,589

555,635

526,307

475,977

437,641

411,491

399,804

359,597

337,044

320,183

313,170

293,838

262,974

255,041

253,128

242,549

227,083

225,638

219,921

217,297

210,829

202,556

199,300

177,956

158,477

143,649

136,398

118,956

103,665

92,043

86,386

71,863

60,385

51,227

46,300

34,600

26,000

18,500

11,600

5,900

2,200

6,200

3,000

-300

-1,200

-1,400

-3,400

-5,300

-14,500

-10,900

-12,100

-12,700

-7,000

-534,700

-538,300

-534,700

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
421,805
424,140
427,613
432,052
433,823
437,488
417,136
412,783
407,072
406,884
416,104
420,219
418,054
420,974
408,083
418,645
404,147
342,247
227,885
211,140
212,252
214,631
130,369
104,531
107,849
108,405
52,219
159
662
4,343
8,005
9,386
13,054
17,162
21,103
22,291
26,640
30,786
32,274
34,745
38,975
43,189
47,464
48,693
53,204
57,473
61,874
62,374
65,212
70,121
74,795
75,850
81,556
87,018
0

87,018

81,556

75,850

74,795

70,121

65,212

62,374

61,874

57,473

53,204

48,693

47,464

43,189

38,975

34,745

32,274

30,786

26,640

22,291

21,103

17,162

13,054

9,386

8,005

4,343

662

159

52,219

108,405

107,849

104,531

130,369

214,631

212,252

211,140

227,885

342,247

404,147

418,645

408,083

420,974

418,054

420,219

416,104

406,884

407,072

412,783

417,136

437,488

433,823

432,052

427,613

424,140

421,805

Treasury Stock

-1,328,808

-1,238,722

-1,222,645

-1,016,353

-743,846

-562,036

-549,737

-504,520

-379,407

-366,490

-352,985

-253,937

-133,332

-98,201

-72,178

-37,693

-35,471

-10,302

-10,590

-11,696

-11,779

-11,862

-11,903

-12,647

-12,844

-12,860

-14,476

-16,691

-16,718

-15,525

-16,084

-16,326

-15,451

-15,869

-15,875

-14,424

-14,515

-14,130

-14,867

-16,142

-17,534

-16,884

-17,412

-17,938

-18,449

-17,929

-17,973

-18,032

-16,751

-16,733

-16,779

-16,713

-16,797

-16,821

-16,836

Other Stockholders Equity

223,100
223,600
201,800
81,100
82,000
86,200
88,500
90,100
94,900
98,600
101,100
99,000
100,300
102,700
107,000
106,200
126,900
130,300
123,400
125,600
125,600
131,700
108,500
126,000
128,952
134,457
141,638
150,906
156,446
279,949
290,183
290,800
293,995
295,001
294,286
295,557
297,359
298,210
298,632
300,016
300,139
300,435
300,797
301,371
302,448
303,027
305,559
307,303
313,790
320,683
324,191
338,358
340,708
354,959
366,333
373,158
374,987
378,367
381,452
383,471
384,547
387,854
391,459
400,816
401,830
405,479
408,056
412,088
415,334
417,105
420,797
402,660
399,923
394,228
394,237
404,201
408,357
406,275
409,278
397,493
408,343
393,845
331,945
217,583
200,838
201,950
204,329
120,067
94,229
97,547
98,103
41,917
-10,143
-9,640
-31,128
-29,688
-62,792
-85,147
-116,170
-232,834
-231,646
-227,297
-223,151
-221,663
-318,240
-314,010
-309,796
-319,026
-330,714
-451,316
-492,264
-500,162
-681,472
-951,141
-1,152,524
-1,147,850
-1,162,872
-1,247,252
-1,241,766
-1,259,568

-1,259,568

-1,241,766

-1,247,252

-1,162,872

-1,147,850

-1,152,524

-951,141

-681,472

-500,162

-492,264

-451,316

-330,714

-319,026

-309,796

-314,010

-318,240

-221,663

-223,151

-227,297

-231,646

-232,834

-116,170

-85,147

-62,792

-29,688

-31,128

-9,640

-10,143

41,917

98,103

97,547

94,229

120,067

204,329

201,950

200,838

217,583

331,945

393,845

408,343

397,493

409,278

406,275

408,357

404,201

394,237

394,228

399,923

402,660

420,797

417,105

415,334

412,088

408,056

405,479

401,830

400,816

391,459

387,854

384,547

383,471

381,452

378,367

374,987

373,158

366,333

354,959

340,708

338,358

324,191

320,683

313,790

307,303

305,559

303,027

302,448

301,371

300,797

300,435

300,139

300,016

298,632

298,210

297,359

295,557

294,286

295,001

293,995

290,800

290,183

279,949

156,446

150,906

141,638

134,457

128,952

126,000

108,500

131,700

125,600

123,400

130,300

126,900

106,200

107,000

102,700

100,300

99,000

101,100

98,600

94,900

90,100

88,500

86,200

82,000

81,100

201,800

223,600

223,100

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Accounts Payable	935,967	849,284	734,275	671,886	665,402	652,091	567,840	501,213	488,251	460,478	487,738	490,621	477,801	416,715	379,764	500,881	1,109,745	908,476	452,709	467,415	451,713	409,562	313,227	365,139	342,900	246,900	239,100	218,100	224,000	219,600
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-85,704	-93,451	-83,562	-109,233	-89,288	-87,662	-94,200	-101,703	-76,953	-83,197	-65,777	-81,040	-78,649	-42,411	-52,699	-49,318	-15,102	-28,189	-5,370	7,699	1,257	-5,148	-5,424	-3,906	-2,200	-24,300	-17,100	-13,700	-8,600	0
Additional Paid In Capital	0	0	0	0	0	0	8,005	52,219	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	334,666	294,441	286,687	268,960	267,773	0	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	611	609	607	606	604	601	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	74,795	61,874	47,464	32,274	21,103	8,005	52,219	130,369	0	0	416,104	417,136	427,613	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	790,350	456,439	821,345	902,867	358,818	363,907	467,430	464,617	486,831	432,056	439,813	605,303	511,322	710,836	726,975	405,869	251,637	273,735	103,785	70,404	78,260	93,103	189,766	137,685	58,600	83,100	49,400	50,700	53,000	52,500
Cash And Equivalents	0	456,439	821,345	902,867	358,818	363,907	467,430	464,617	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	790,350	456,439	821,345	902,867	358,818	363,907	467,430	464,617	486,831	432,056	439,813	605,303	511,322	710,836	726,975	405,869	251,637	273,735	103,785	70,404	78,260	93,103	189,766	137,685	58,600	83,100	49,400	50,700	53,000	52,500
Common Stock	611	609	607	606	604	601	599	606	617	636	676	680	681	690	687	681	678	336	333	163	162	161	159	117	100	0	0	0	0	0
Common Stock Shares Outstanding	47,564	50,136	54,348	55,421	56,519	58,443	59,619	61,207	63,308	67,063	68,077	67,738	68,376	66,394	67,445	67,117	66,732	65,632	63,670	62,267	62,488	61,669	58,838	54,358	50,317	44,324	41,081	39,579	38,584	37,731
Common Stock Total Equity	0	609	607	606	604	601	599	606	617	636	676	680	681	690	687	681	678	336	333	163	162	161	159	117	100	0	0	0	0	0
Current Deferred Revenue	1,595,109	1,098,263	788,134	722,252	623,642	552,290	524,156	489,242	429,235	368,555	381,295	383,527	409,895	358,805	383,500	406,554	0	0	261,821	254,485	241,770	272,945	220,922	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	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	956,549	919,151	890,268	851,783	1,063,911	990,887	964,893	979,628	843,170	834,102	834,825	566,588	566,805	406,804	593,628	582,714	563,918	288,165	283,412	279,432	277,994	290,412	56,011	67,625	0	0	0	0	0	0
Intangible Assets	586,032	593,975	589,365	582,893	611,444	488,286	495,036	487,398	472,834	502,060	541,497	343,748	370,373	245,089	264,522	292,128	252,146	38,251	300,402	298,214	300,220	304,257	56,011	67,625	68,000	0	0	0	0	0
Inventory	110,774	85,641	54,098	53,338	40,446	42,321	42,724	37,426	37,545	46,854	52,123	50,512	44,914	32,778	34,468	54,601	52,247	18,015	10,175	10,580	9,863	12,271	7,158	6,909	9,800	7,200	7,400	9,100	8,000	6,900
Liabilities And Stockholders Equity	6,609,721	5,524,607	5,441,446	5,063,840	4,830,358	4,088,807	3,965,904	3,894,170	3,546,470	3,388,967	3,465,915	3,107,070	3,014,076	2,755,542	2,981,894	3,008,404	2,871,643	2,089,023	1,778,941	1,817,969	1,795,247	1,758,491	1,349,664	1,261,864	1,056,500	801,000	660,700	614,700	710,900	707,500
Long Term Debt	2,838	227,818	240,733	253,648	50,000	279,764	294,786	408,296	300,065	316,399	335,331	154,112	153,335	151,184	150,251	196,218	223,453	1,239	1,406	1,332	561	905	848	115,878	0	0	0	0	0	0
Long Term Debt Total	0	231,625	245,450	259,619	50,000	279,764	294,786	408,296	300,065	0	0	154,112	153,335	151,184	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	2,899	2,309	8,792	8,359	0	0	4,959	5,618	6,211	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	-450,381	78,735	-281,010	-367,344	211,507	-68,130	-157,280	-41,291	-167,918	-96,616	-85,150	-449,404	-356,465	-350,349	-531,624	-205,765	-24,393	-271,837	-101,828	11,734	62,068	42,078	-187,971	-21,056	59,600	42,200	137,100	37,000	118,700	109,600
Net Invested Capital	2,475,081	2,214,322	2,506,035	2,319,231	2,359,686	2,036,322	1,983,417	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	3,473,375	2,840,547	2,434,662	2,094,052	2,208,643	1,931,863	1,730,543	1,626,128	1,477,596	1,337,388	1,358,953	1,315,017	1,187,832	1,090,927	1,057,171	1,390,973	1,574,971	1,332,266	1,232,014	1,314,170	1,258,563	1,200,777	998,374	983,876	850,600	630,000	555,000	510,700	436,000	439,000
Net Tangible Assets	0	460,463	772,754	617,992	381,779	261,372	213,338	70,063	160,707	79,851	0	435,744	297,556	501,050	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	928,616	708,451	1,029,263	957,704	721,273	651,809	633,557	699,073	653,691	603,186	631,362	749,934	605,740	747,468	642,760	497,585	421,567	454,065	344,487	263,198	210,699	155,060	363,063	286,373	210,400	220,100	166,100	157,000	107,400	92,200
Non Current Assets Total	2,162,750	2,062,634	2,050,452	1,942,904	2,170,475	1,702,600	1,681,395	1,683,323	1,479,051	1,502,364	1,535,810	1,062,617	1,077,423	775,375	1,004,529	997,664	935,853	426,610	389,138	392,398	406,091	423,556	132,340	123,104	128,500	69,000	38,000	36,000	78,000	93,300
Non Current Liabilities Other	358,283	344,405	581,176	847,364	783,968	333,204	346,049	436,158	352,621	0	0	301,260	284,697	208,814	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	620,551	796,794	826,626	847,364	833,968	612,968	640,835	844,454	652,686	676,163	687,546	455,372	438,032	359,998	420,823	451,904	472,379	170,366	118,189	93,235	95,434	88,746	73,470	175,974	168,700	169,300	108,800	109,100	114,800	104,400
Non Currrent Assets Other	130,293	123,626	157,975	107,646	93,462	86,177	92,001	79,554	32,670	34,902	29,275	30,691	32,964	28,656	35,035	11,148	35,826	47,414	42,293	37,716	39,715	48,549	33,781	16,520	24,000	36,900	10,800	9,000	50,900	59,600
Noncontrolling Interest In Consolidated Entity	0	702	702	576	646	896	850	853	3,345	0	0	11,099	10,397	9,902	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	123,626	157,975	349,801	93,462	89,076	92,001	79,554	30,164	34,902	29,275	30,691	32,964	28,656	35,035	11,148	13,157	17,784	13,634	11,244	13,263	23,907	16,964	6,156	0	0	0	0	0	0
Other Current Assets	72,472	79,346	80,889	70,679	51,976	48,116	122,621	130,697	117,734	103,201	90,727	73,621	114,836	88,253	90,049	105,441	56,935	38,397	43,829	30,417	42,470	28,784	22,026	10,290	9,000	11,700	10,900	8,200	135,900	115,800
Other Current Liab	909,578	723,190	765,273	698,552	578,330	514,004	543,592	506,289	477,394	435,343	410,378	418,584	441,695	456,690	526,241	601,834	400,687	299,213	330,235	359,667	345,207	363,092	319,165	486,497	372,500	257,000	94,200	189,000	198,000	200,100
Other Liab	0	344,405	360,340	382,383	334,879	333,204	346,049	394,426	352,621	186,064	177,915	213,160	206,197	175,914	198,772	255,686	248,926	169,127	107,083	77,303	94,873	87,841	72,622	60,096	0	0	0	0	0	0
Other Stockholder Equity	-1,259,568	-1,147,850	-500,162	-319,026	-221,663	-232,834	-29,688	41,917	120,067	217,583	397,493	404,201	402,660	412,088	400,816	383,471	373,158	338,358	307,303	301,371	300,016	295,557	290,800	150,906	126,000	125,600	106,200	99,000	90,100	81,100
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	902,100	425,882	412,844	400,582	401,658	134,351	127,156	127,951	122,018	122,178	123,414	116,631	101,663	88,615	92,057	96,716	83,963	52,780	46,443	56,468	66,156	70,750	42,548	38,959	36,500	32,100	27,200	27,000	27,100	33,700
Property Plant And Equipment Net	489,876	425,882	412,844	400,582	401,658	134,351	127,156	127,951	122,018	122,178	123,414	116,631	101,663	88,615	92,057	96,716	83,963	52,780	46,443	56,468	66,156	70,750	42,548	38,959	36,500	32,100	27,200	27,000	27,100	33,700
Property Plant Equipment	0	157,819	152,066	158,427	156,187	134,351	127,156	127,951	122,018	122,178	123,414	116,631	101,663	88,615	92,057	96,716	83,963	52,780	46,443	56,468	66,156	70,750	42,548	38,959	0	0	0	0	0	0
Retained Earnings	3,814,439	3,214,281	2,835,504	2,480,321	2,367,481	2,060,440	1,796,556	1,596,269	1,432,980	1,280,991	1,133,873	1,022,239	910,042	782,576	869,267	708,511	526,307	399,804	313,170	253,128	219,921	199,300	136,398	86,386	46,300	18,500	6,200	-1,400	-10,900	0
Retained Earnings Total Equity	0	3,214,281	2,835,504	2,480,321	2,367,481	2,060,440	1,796,556	1,596,269	1,432,980	0	0	1,022,239	910,042	782,576	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	2,465	12,915	12,915	12,915	14,004	16,013	15,364	15,030	17,541	19,041	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	339,969	535,174	540,335	535,523	570,325	295,777	310,150	423,326	318,913	335,440	354,663	155,899	154,857	360,487	195,351	200,104	227,244	1,898	1,957	82,138	140,328	135,181	1,795	116,629	118,200	125,300	186,500	87,700	171,700	162,100
Short Term Debt	77,701	82,785	74,049	70,542	71,236	16,013	15,364	15,030	18,848	19,041	19,332	1,787	1,522	489	45,100	3,886	3,791	659	551	80,806	139,767	134,276	947	751	2,200	8,000	123,300	14,600	103,500	102,300
Short Term Investments	0	0	0	0	0	0	1,958	2,043	4,232	6,474	6,934	11,160	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	6,609,721	5,524,607	5,441,446	5,063,840	4,830,358	4,088,807	3,965,904	3,894,170	3,546,470	3,388,967	3,465,915	3,107,070	3,014,076	2,755,542	2,981,894	3,008,404	2,871,643	2,089,023	1,778,941	1,817,969	1,795,247	1,758,491	1,349,664	1,261,864	1,056,500	801,000	660,700	614,700	710,900	707,500
Total Current Assets	4,446,971	3,461,973	3,390,994	3,120,936	2,659,883	2,386,207	2,284,509	2,210,847	2,067,419	1,886,603	1,930,105	2,044,453	1,936,653	1,980,167	1,977,365	2,010,740	1,935,790	1,662,413	1,389,803	1,425,571	1,389,156	1,334,935	1,217,324	1,138,760	928,000	732,000	622,700	578,700	632,900	614,200
Total Current Liabilities	3,518,355	2,753,522	2,361,731	2,163,232	1,938,610	1,734,398	1,650,952	1,511,774	1,413,728	1,283,417	1,298,743	1,294,519	1,330,913	1,232,699	1,334,605	1,513,155	1,514,223	1,208,348	1,045,316	1,162,373	1,178,457	1,179,875	854,261	852,387	717,600	511,900	456,600	421,700	525,500	522,000
Total Liab	4,138,906	3,550,316	3,188,357	3,010,596	2,772,578	2,347,366	2,291,787	2,356,228	2,066,414	1,959,580	1,986,289	1,749,891	1,768,945	1,592,697	1,755,428	1,965,059	1,986,602	1,378,714	1,163,505	1,255,608	1,273,891	1,268,621	927,731	1,028,361	886,300	681,200	565,400	530,800	640,300	626,400
Total Permanent Equity	0	0	0	0	0	0	1,674,117	1,537,942	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	2,469,778	1,973,589	2,252,387	2,052,668	2,057,134	1,740,545	1,673,267	1,537,089	1,476,711	1,416,013	1,466,265	1,346,080	1,234,734	1,152,943	1,218,071	1,043,345	885,041	710,309	615,436	562,361	521,356	489,870	421,933	233,503	170,200	119,800	95,300	83,900	70,600	81,100
Treasury Stock	0	-1,222,645	-562,036	-366,490	-253,937	-253,937	-37,693	-10,302	-10,302	-10,302	-10,590	-11,903	-14,476	-15,525	-15,451	-14,424	-14,130	-16,884	-17,929	-16,751	-16,713	-16,836	-16,836	-16,836	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31
Accounts Payable	935,967	824,155	790,158	724,104	849,284	751,074	722,924	719,792	734,275	637,865	635,803	624,884	671,886	596,093	563,128	592,576	665,402	584,824	579,461	577,883	652,091	529,618	505,379	487,333	567,840	485,701	469,318	466,962	501,213	465,362	450,646	439,782	488,251	423,260	428,424	410,566	460,478	404,094	399,926	426,799	487,738	479,604	488,414	457,769	490,621	464,383	467,777	445,142	477,801	398,560	431,280	392,524	416,715	347,158	333,810	341,666	379,764	390,504	405,791	391,606	500,881	1,173,696	1,153,869	1,080,132	1,109,745	1,155,404	1,035,341	926,701	908,476	873,386	841,006	427,390	452,709	438,120	439,046	427,667	467,415	441,304	434,576	444,959	451,713	389,270	380,720	350,562	409,562	361,916	359,208	327,026	313,227	287,245	318,896	316,994	365,139	358,036	353,816	337,107	342,900	318,700	284,200	246,900	246,900	236,600	243,000	237,300	239,100	235,100	220,400	218,200	218,100	207,300	202,900	196,600	224,000	208,700	204,200	196,700	219,600	178,900	181,000	178,900
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-85,704	-91,357	-86,527	-90,675	-93,451	-101,531	-93,223	-85,949	-83,562	-107,812	-106,925	-107,844	-109,233	-88,484	-91,172	-91,722	-89,288	-87,370	-86,896	-86,516	-87,662	-93,316	-93,600	-93,320	-94,200	-100,559	-101,160	-101,208	-101,703	-76,616	-76,801	-76,523	-76,953	-81,629	-82,293	-82,474	-83,197	-64,678	-64,815	-65,332	-65,777	-79,789	-79,909	-80,560	-81,040	-76,930	-77,644	-78,121	-78,649	-55,621	-39,769	-40,370	-42,411	-43,005	-45,740	-49,865	-52,699	-42,803	-46,482	-50,188	-49,318	-19,295	-15,654	-16,489	-15,102	-18,888	-22,707	-27,232	-28,189	1,175	712	-5,291	-5,370	7,169	5,051	6,779	7,699	1,992	-904	213	1,257	-87	-91	-4,226	-5,148	-2,940	-2,727	-6,171	-5,424	-5,103	-5,576	-6,387	-3,906	-4,464	-3,726	-2,268	-2,200	2,100	-27,600	-24,300	-24,300	-21,600	-19,500	-17,100	-17,100	-19,600	-17,500	-15,100	-13,700	-18,700	-16,800	-13,700	-8,600	-6,500	-4,200	0	0	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	0	13,054	9,386	8,005	4,343	662	159	52,219	108,405	107,849	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	334,666	331,034	322,111	295,107	294,441	282,195	290,135	284,498	286,687	286,514	267,205	256,248	268,960	252,733	257,066	251,214	267,773	255,114	245,119	240,002	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	611	611	611	610	609	609	609	608	607	607	607	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	87,018	81,556	75,850	74,795	70,121	65,212	62,374	61,874	57,473	53,204	48,693	47,464	43,189	38,975	34,745	32,274	30,786	26,640	22,291	21,103	17,162	13,054	9,386	8,005	4,343	662	159	52,219	108,405	107,849	104,531	130,369	214,631	212,252	211,140	227,885	342,247	404,147	418,645	408,083	420,974	418,054	420,219	416,104	406,884	407,072	412,783	417,136	437,488	433,823	432,052	427,613	424,140	421,805	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	790,350	523,632	503,052	420,075	456,439	403,816	262,370	514,513	821,345	663,905	668,908	758,833	902,867	679,342	481,391	347,092	358,818	368,073	213,374	252,031	363,907	353,912	306,624	352,443	467,430	480,496	385,396	302,754	464,617	504,558	443,019	392,364	486,831	445,400	360,849	368,894	432,056	437,446	437,119	406,668	439,813	444,037	530,385	499,102	605,303	474,380	434,272	438,655	511,322	476,366	406,546	631,984	710,836	641,111	599,941	600,561	726,975	648,231	521,471	395,076	405,869	340,849	275,511	224,989	251,637	223,077	336,335	276,569	273,735	244,522	180,900	91,144	103,785	67,999	70,634	69,272	70,404	101,025	50,219	52,996	78,260	82,162	57,752	55,875	93,103	88,853	89,716	142,517	189,766	174,732	165,722	148,670	137,685	79,904	62,429	58,114	58,600	37,900	28,200	83,100	83,100	68,300	95,400	123,900	49,400	44,000	35,300	61,100	50,700	45,500	59,000	54,800	53,000	41,300	39,600	45,200	52,500	42,000	37,000	42,000
Cash And Equivalents	0	523,632	503,052	420,075	456,439	403,816	262,370	514,513	821,345	663,905	668,908	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	790,350	523,632	503,052	420,075	456,439	403,816	262,370	514,513	821,345	663,905	668,908	758,833	902,867	679,342	481,391	347,092	358,818	368,073	213,374	252,031	363,907	353,912	306,624	352,443	467,430	480,496	385,396	302,754	464,617	504,558	443,019	392,364	486,831	445,400	360,849	368,894	432,056	437,446	437,119	406,668	439,813	444,037	530,385	499,102	605,303	474,380	434,272	438,655	511,322	476,366	406,546	631,984	710,836	641,111	599,941	600,561	726,975	648,231	521,471	395,076	405,869	340,849	275,511	224,989	251,637	223,077	336,335	276,569	273,735	244,522	180,900	91,144	103,785	67,999	70,634	69,272	70,404	101,025	50,219	52,996	78,260	82,162	57,752	55,875	93,103	88,853	89,716	142,517	189,766	174,732	165,722	148,670	137,685	79,904	62,429	58,114	58,600	37,900	28,200	83,100	83,100	68,300	95,400	123,900	49,400	44,000	35,300	61,100	50,700	45,500	59,000	54,800	53,000	41,300	39,600	45,200	52,500	42,000	37,000	42,000
Common Stock	611	611	611	610	609	609	609	608	607	607	607	607	606	605	605	605	604	603	603	602	601	601	600	600	599	599	598	599	606	614	614	613	617	635	634	633	636	662	677	680	676	681	681	682	680	678	679	681	681	693	692	692	690	689	689	688	687	686	685	684	681	680	679	679	678	677	676	337	336	336	335	334	333	166	166	166	163	162	162	162	162	161	161	161	161	159	159	159	159	159	159	117	117	117	117	117	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Outstanding	47,332	47,398	47,589	47,946	47,937	49,050	50,712	52,917	53,725	53,985	54,588	55,135	55,161	55,200	54,937	56,211	56,593	56,558	56,500	56,424	57,514	58,541	58,671	59,064	59,314	59,419	59,639	60,112	60,956	59,721	61,276	61,351	62,909	63,392	63,330	63,611	66,715	67,803	68,000	68,001	67,175	68,164	68,096	68,099	66,568	67,512	67,696	67,946	66,957	68,415	68,592	68,581	66,400	66,400	67,972	67,898	65,898	67,552	67,262	67,023	65,404	67,426	67,301	66,971	64,976	67,256	67,051	66,622	63,530	66,332	64,850	63,755	62,668	63,637	63,464	63,767	60,651	62,489	64,222	61,805	60,167	61,600	62,438	62,019	59,478	61,838	61,783	61,711	59,383	61,164	61,257	51,427	41,742	52,178	53,871	59,532	38,652	45,455	57,704	42,182	42,182	42,182	47,742	39,024	37,647	37,647	36,000	40,000	36,190	36,190	37,938	37,949	40,000	40,000	37,377	37,838	160,000	162,000	160,000	162,000
Common Stock Total Equity	0	0	611	610	609	609	609	608	607	607	607	607	606	605	605	605	604	603	603	602	601	601	600	600	599	599	598	599	606	614	614	613	617	635	634	633	636	662	677	680	676	681	681	682	680	678	679	681	681	693	692	692	690	689	689	688	687	686	685	684	681	680	679	679	678	677	676	337	336	336	335	334	333	166	166	166	163	162	162	162	162	161	161	161	161	159	159	159	159	159	159	117	117	117	117	117	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	1,595,109	1,489,324	1,357,740	1,156,530	1,098,263	1,046,312	925,733	827,708	788,134	780,666	769,959	739,572	722,252	714,686	655,298	590,873	623,642	565,957	544,346	536,363	552,290	531,284	551,614	556,306	524,156	532,386	523,115	492,389	489,242	467,077	465,135	421,145	429,235	389,727	384,989	368,766	368,555	384,782	380,781	371,877	381,295	390,606	399,454	354,854	383,527	403,321	379,927	385,438	409,895	406,226	369,305	336,047	358,805	163,000	299,892	293,066	383,500	382,729	356,814	352,820	406,554	0	0	0	0	0	0	0	0	0	0	224,554	261,821	235,351	221,046	242,182	254,485	225,418	218,572	223,180	241,770	270,136	243,828	246,170	272,945	239,527	224,002	235,895	220,922	0	63,724	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	956,549	953,359	927,485	923,274	919,151	916,812	901,208	891,536	890,268	888,303	868,819	862,323	851,783	846,908	839,772	1,064,853	1,063,911	1,019,590	1,013,822	1,004,710	990,887	978,243	978,303	965,046	964,893	1,010,399	1,010,399	1,010,399	979,628	979,339	979,339	843,170	843,170	834,660	834,628	834,102	834,102	834,102	834,102	834,102	834,825	829,316	566,709	566,588	566,588	568,166	567,709	568,868	566,805	566,752	570,653	426,688	406,804	388,673	594,432	594,426	593,628	587,259	586,127	584,125	582,714	574,363	569,327	564,791	563,918	592,548	297,058	288,168	288,165	285,234	283,039	283,039	283,412	278,907	279,929	279,929	279,432	280,761	279,500	279,304	277,994	293,538	293,889	293,408	290,412	186,862	184,345	169,603	56,011	0	0	0	67,625	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	586,032	600,790	574,475	584,598	593,975	605,949	577,284	574,614	589,365	602,234	587,247	580,555	582,893	596,679	576,540	597,897	611,444	482,785	488,017	491,175	488,286	471,447	481,577	484,368	495,036	497,278	509,341	521,417	487,398	500,056	510,723	463,364	472,834	474,240	483,680	492,599	502,060	513,001	522,493	531,994	541,497	550,785	332,046	337,412	343,748	348,545	355,950	363,336	370,373	380,621	387,382	259,401	245,089	223,995	246,487	270,315	264,522	282,623	287,211	291,714	292,128	270,803	271,315	261,142	252,146	206,647	27,697	37,251	38,251	16,111	15,429	299,236	300,402	295,169	296,989	297,850	298,214	300,404	300,004	300,669	300,220	305,099	305,983	306,378	304,257	186,862	184,345	169,603	56,011	69,089	67,332	66,296	67,625	67,545	66,860	67,034	68,000	60,000	59,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	58,600	58,200	58,600
Inventory	110,774	115,466	106,080	100,405	85,641	101,874	93,464	71,463	54,098	64,489	64,713	48,212	53,338	39,253	40,590	35,387	40,446	38,721	39,180	39,443	42,321	41,932	43,665	43,727	42,724	43,653	42,451	42,672	37,426	43,913	41,946	37,003	37,545	47,843	65,123	46,346	46,854	67,173	58,251	50,332	52,123	42,724	44,994	39,655	50,512	47,023	46,085	47,124	44,914	38,774	38,310	38,035	32,778	27,789	31,738	32,816	34,468	39,895	45,924	51,043	54,601	61,570	56,526	56,909	52,247	49,801	17,089	18,408	18,015	14,582	13,112	9,583	10,175	8,747	8,853	9,359	10,580	9,480	10,030	10,083	9,863	11,876	11,944	11,720	12,271	10,536	8,887	9,008	7,158	7,152	7,266	6,983	6,909	6,830	6,853	7,936	9,800	7,500	7,400	7,200	7,200	6,300	6,400	6,700	7,400	8,200	8,500	8,700	9,100	8,100	9,500	9,500	8,000	7,900	7,800	7,900	6,900	7,600	7,300	7,600
Liabilities And Stockholders Equity	6,609,721	6,224,193	5,907,669	5,640,910	5,524,607	5,438,729	5,146,444	5,231,154	5,441,446	5,296,678	5,133,170	5,061,189	5,063,840	4,829,985	4,590,423	4,835,547	4,830,358	4,532,721	4,393,578	4,278,324	4,088,807	3,995,893	3,869,401	3,841,999	3,965,904	3,966,321	3,847,574	3,805,162	3,894,170	3,894,953	3,800,366	3,449,659	3,546,470	3,483,429	3,417,786	3,315,582	3,388,967	3,434,667	3,404,895	3,407,516	3,465,915	3,506,759	3,105,336	3,014,716	3,107,070	3,053,461	2,960,729	2,944,231	3,014,076	2,899,173	2,896,574	2,750,013	2,755,542	2,627,504	2,816,359	2,839,014	2,981,894	3,010,129	2,967,747	2,872,309	3,008,404	3,046,926	2,967,372	2,841,889	2,871,643	2,843,515	2,276,433	2,105,492	2,089,023	1,956,593	1,859,979	1,772,767	1,778,941	1,785,457	1,771,922	1,767,486	1,817,969	1,894,477	1,807,904	1,789,340	1,795,247	1,838,635	1,774,487	1,720,442	1,758,491	1,581,165	1,501,219	1,503,204	1,349,664	1,315,236	1,313,153	1,273,089	1,261,864	1,256,020	1,197,479	1,091,715	1,056,500	1,030,300	936,700	801,000	801,000	777,100	756,500	752,600	660,700	667,900	621,000	645,000	614,700	599,500	597,900	687,200	710,900	685,200	673,000	675,200	707,500	784,600	784,900	784,600
Long Term Debt	2,838	97,480	231,454	100,000	227,818	415,101	245,004	245,416	245,450	259,337	259,653	259,714	253,648	272,243	294,126	200,000	50,000	242,049	25,000	25,000	279,764	283,569	287,492	291,478	294,786	398,506	401,866	405,405	408,296	503,388	509,841	293,958	300,065	303,040	307,523	311,302	316,399	321,222	326,084	330,639	335,331	403,195	153,369	153,602	154,112	154,311	154,313	154,487	153,335	152,200	152,181	151,426	151,184	150,053	150,000	150,157	150,251	192,875	193,729	195,369	196,218	196,745	197,600	198,468	223,453	298,950	1,087	1,133	1,239	1,288	1,377	1,330	1,406	1,420	1,330	1,360	1,332	588	577	536	561	622	689	740	905	815	767	22,635	848	726	795	115,839	115,878	115,852	115,928	115,893	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	97,480	231,454	100,000	231,625	415,101	245,004	245,416	245,450	259,337	259,653	259,714	259,619	272,243	294,126	200,000	50,000	247,837	25,000	25,000	279,764	283,569	287,492	291,478	294,786	398,506	401,866	405,405	408,296	503,388	509,841	293,958	300,065	303,040	307,523	311,302	316,399	321,222	326,084	330,639	335,331	403,195	153,369	153,602	154,112	154,311	154,313	154,487	153,335	152,200	152,181	151,426	151,184	150,053	150,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,478	1,904	3,638	2,899	3,542	4,180	3,680	2,309	7,604	7,722	9,218	8,792	8,227	7,668	8,599	8,359	7,146	6,570	6,029	9,122	7,634	8,792	6,567	6,799	5,865	4,239	4,116	4,959	4,700	4,500	5,026	5,618	5,951	5,783	5,767	6,211	5,749	5,698	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	-450,381	-88,636	65,912	221,875	78,735	309,115	288,404	31,418	-281,010	-101,726	-125,461	-226,158	-367,344	-144,673	80,035	408,663	211,507	143,094	326,578	286,941	-68,130	-54,574	-3,507	-45,485	-157,280	-66,626	31,788	117,940	-41,291	18,719	84,176	-80,959	-167,918	-123,648	-34,512	-38,912	-96,616	-97,086	-91,851	-56,802	-85,150	-38,960	-375,204	-343,711	-449,404	-318,396	-278,417	-282,552	-356,465	-322,937	-253,133	-480,080	-350,349	-289,641	-449,497	-450,028	-531,624	-452,024	-324,337	-196,022	-205,765	-140,288	-74,073	-22,728	-24,393	78,787	-334,641	-274,797	-271,837	-242,580	-178,864	-89,198	-101,828	-65,840	1,452	15,316	11,734	27,124	69,972	66,252	62,068	113,983	110,325	112,210	42,078	-65,845	-67,357	-69,252	-187,971	-173,563	-164,385	-32,164	-21,056	37,125	71,155	59,848	59,600	90,600	110,900	42,200	42,200	51,400	22,500	126,900	137,100	37,100	41,800	31,900	37,000	39,700	41,900	120,300	118,700	130,900	130,500	119,400	109,600	8,100	24,000	8,100
Net Invested Capital	2,475,081	2,382,892	2,364,238	2,412,466	2,214,322	2,272,456	2,212,728	2,396,529	2,506,035	2,417,013	2,366,717	2,396,395	2,319,231	2,289,225	2,247,982	2,531,489	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	3,473,375	3,372,785	3,141,471	2,972,106	2,840,547	2,809,915	2,704,358	2,565,568	2,434,662	2,427,219	2,306,088	2,229,894	2,094,052	2,129,654	2,107,831	2,250,748	2,208,643	2,105,770	2,126,250	1,975,845	1,931,863	1,884,127	1,791,423	1,731,814	1,730,543	1,673,421	1,633,260	1,653,373	1,626,128	1,638,119	1,588,229	1,487,048	1,477,596	1,462,651	1,445,034	1,349,720	1,337,388	1,355,493	1,313,933	1,356,481	1,358,953	1,396,478	1,402,980	1,351,006	1,315,017	1,270,706	1,194,191	1,175,629	1,302,668	1,138,777	1,175,768	1,103,195	1,090,927	1,053,355	1,050,509	1,043,570	1,057,171	1,182,851	1,249,020	1,281,517	1,390,973	1,620,303	1,613,496	1,556,163	1,574,971	1,597,358	1,451,319	1,344,031	1,332,266	1,273,994	1,237,537	1,245,272	1,232,014	1,297,650	1,261,947	1,268,739	1,314,170	1,355,311	1,302,017	1,280,531	1,258,563	1,285,880	1,244,295	1,198,125	1,200,777	1,163,587	880,071	1,077,987	998,374	997,955	1,009,582	986,063	983,876	1,023,791	985,438	885,835	850,600	852,700	765,500	630,000	630,000	636,800	600,000	570,500	555,000	571,000	531,900	531,700	510,700	505,300	410,500	410,500	436,000	434,300	418,000	465,000	439,000	434,900	431,500	434,900
Net Tangible Assets	0	724,781	615,425	557,751	460,463	318,959	473,597	1,560,482	772,754	650,811	634,409	1,539,413	617,992	563,702	527,310	364,198	381,779	472,790	392,346	314,881	261,372	328,538	274,403	241,402	213,338	109,335	58,336	1,502	70,063	103,195	45,161	175,165	160,707	201,412	152,507	101,038	79,851	164,588	177,267	147,376	89,943	42,087	497,645	476,885	435,744	401,412	354,161	324,114	297,556	291,882	255,972	496,737	501,050	495,672	437,734	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	928,616	836,093	860,159	901,029	708,451	740,466	722,605	919,835	1,029,263	976,444	970,244	1,012,224	957,704	918,242	870,868	899,006	721,273	764,739	716,069	640,678	651,809	734,624	685,293	657,480	633,557	679,693	630,979	568,932	699,073	800,280	749,247	661,175	653,691	705,916	663,769	614,415	603,186	679,540	703,294	678,766	631,362	676,470	807,072	786,281	749,934	707,718	656,981	629,128	605,740	591,109	544,499	754,417	747,468	731,242	709,065	682,036	642,760	624,685	569,329	525,601	497,585	476,047	440,916	409,976	421,567	429,875	531,405	470,259	454,065	443,773	412,863	382,086	344,487	321,397	297,105	273,140	263,198	250,571	221,613	222,088	210,699	187,698	177,360	163,585	155,060	260,151	262,793	277,826	363,063	352,504	325,723	299,403	286,373	253,638	231,424	214,961	210,400	193,400	174,900	220,100	220,100	222,300	238,100	234,300	166,100	165,900	156,700	160,600	157,000	149,000	131,600	104,800	107,400	106,900	97,000	89,900	92,200	132,600	120,200	132,600
Non Current Assets Total	2,162,750	2,155,298	2,098,048	2,078,490	2,062,634	2,059,467	2,020,904	2,014,749	2,050,452	2,070,111	2,019,816	1,955,558	1,942,904	1,932,895	1,911,343	2,150,159	2,170,475	1,974,608	1,972,943	1,964,463	1,702,600	1,671,701	1,679,178	1,672,222	1,681,395	1,734,349	1,747,738	1,763,370	1,683,323	1,647,837	1,658,458	1,468,732	1,479,051	1,468,283	1,480,052	1,488,289	1,502,364	1,507,997	1,517,062	1,526,336	1,535,810	1,538,273	1,046,639	1,052,523	1,062,617	1,067,548	1,073,851	1,082,604	1,077,423	1,072,858	1,087,220	808,142	775,375	738,034	956,997	999,355	1,004,529	995,833	1,002,650	998,359	997,664	971,363	964,967	948,262	935,853	921,838	423,826	426,924	426,610	385,822	380,916	385,072	389,138	383,500	386,805	389,442	392,398	401,904	404,615	402,577	406,091	423,294	425,759	422,739	423,556	292,496	269,075	252,854	132,340	125,573	121,227	122,375	123,104	135,283	132,197	131,295	128,500	123,400	125,900	69,000	69,000	56,300	43,600	41,500	38,000	34,600	33,800	35,300	36,000	33,000	40,800	79,400	78,000	76,400	89,300	91,800	93,300	208,700	219,500	208,700
Non Current Liabilities Other	358,283	357,636	357,740	813,194	344,405	787,511	545,714	553,370	581,176	416,607	427,747	847,110	847,364	843,272	838,013	821,571	783,968	763,536	769,181	768,519	333,204	343,630	341,846	346,558	346,049	397,671	397,922	392,756	436,158	360,837	361,365	351,499	352,621	356,990	362,011	357,928	359,764	340,592	346,781	347,949	352,215	376,347	292,882	293,717	301,260	292,111	288,107	289,867	284,697	261,890	255,634	217,623	208,814	201,112	227,599	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	620,551	711,422	840,120	913,194	796,794	957,511	790,718	798,786	826,626	904,505	898,883	847,110	847,364	843,272	838,013	1,021,571	833,968	763,536	794,181	793,519	612,968	627,199	629,338	638,036	640,835	796,177	799,788	798,161	844,454	864,225	871,206	645,457	652,686	660,030	669,534	669,230	676,163	661,814	672,865	678,588	687,546	779,542	446,251	447,319	455,372	446,422	442,420	444,354	438,032	414,090	407,815	369,049	359,998	351,165	377,599	428,959	420,823	432,715	431,938	435,611	451,904	436,349	442,902	443,426	472,379	527,614	184,662	171,879	170,366	144,296	135,005	138,142	118,189	98,165	112,692	98,148	93,235	106,975	99,452	98,513	95,434	94,989	94,010	90,474	88,746	83,186	80,958	99,048	73,470	73,882	68,753	179,559	175,974	179,767	172,388	168,228	168,700	171,500	170,700	169,300	169,300	165,200	165,000	163,800	108,800	110,100	105,600	111,900	109,100	103,000	95,900	117,500	114,800	113,400	117,000	106,700	104,400	652,900	654,400	652,900
Non Currrent Assets Other	130,293	124,344	133,822	135,284	123,626	117,640	115,917	130,874	157,975	157,333	157,780	116,021	107,646	97,850	95,919	91,765	93,462	88,736	90,389	91,753	86,177	89,704	90,125	94,331	92,001	92,505	92,522	90,881	79,554	31,925	32,352	31,774	32,670	35,198	36,645	37,285	34,902	31,020	30,299	31,217	29,275	29,169	30,083	30,023	30,691	29,731	31,942	33,673	32,964	22,387	26,045	27,737	28,656	32,139	22,921	39,271	35,035	11,675	11,842	11,203	11,148	35,588	35,518	36,085	35,826	43,139	47,043	48,200	47,414	38,040	35,378	38,447	42,293	38,743	37,988	37,145	37,716	44,033	41,918	39,065	39,715	49,832	49,944	46,543	48,549	49,668	29,454	28,849	33,781	15,096	14,599	17,070	16,520	31,096	28,834	27,160	24,000	26,200	29,400	36,900	36,900	25,300	15,300	13,900	10,800	8,100	7,200	8,300	9,000	7,500	15,900	53,600	50,900	48,000	59,100	60,300	59,600	111,700	123,700	111,700
Noncontrolling Interest In Consolidated Entity	0	0	702	702	702	702	702	702	702	702	702	704	576	576	576	646	646	646	646	856	896	898	850	850	850	853	853	823	853	1,302	1,276	2,751	3,345	3,857	3,472	5,735	13,374	14,032	13,629	13,042	13,361	13,013	11,060	10,600	11,099	10,721	10,592	11,060	10,397	10,622	9,897	10,684	9,902	9,771	9,810	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	124,344	133,822	135,284	123,626	117,640	115,917	130,874	157,975	157,333	157,780	116,021	349,801	97,850	95,919	91,765	93,462	88,736	90,389	91,753	86,177	89,704	90,125	94,331	1,554,239	1,607,786	1,619,984	1,631,915	1,555,372	1,519,547	1,530,082	1,346,907	1,357,033	1,351,244	1,361,523	1,370,015	1,380,186	1,385,757	1,395,686	1,403,880	1,412,396	1,415,135	933,077	938,139	945,986	951,142	960,101	970,903	975,760	975,711	989,863	719,593	686,760	650,556	869,538	909,562	912,472	903,020	907,848	901,092	900,948	880,754	876,160	862,018	851,890	842,334	371,798	373,619	373,830	339,385	333,846	337,683	342,695	333,912	334,977	334,995	335,930	344,437	341,922	339,734	339,935	354,931	355,927	352,921	352,806	236,530	213,799	198,452	89,792	84,185	81,931	83,366	84,145	98,641	95,694	94,194	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	72,472	57,012	59,018	69,834	79,346	63,657	65,348	64,861	80,889	70,954	73,645	68,692	70,679	48,841	49,268	52,161	51,976	45,549	41,831	46,542	48,116	44,221	48,511	41,793	122,621	135,602	132,224	144,902	130,697	142,553	139,906	134,632	117,734	128,828	135,939	119,139	103,201	66,558	78,530	67,699	90,727	85,247	80,338	72,430	73,621	109,085	119,819	119,470	77,749	108,233	121,784	111,858	88,253	114,592	108,356	94,343	90,049	86,764	89,062	90,156	105,441	52,841	56,872	55,566	56,935	51,441	47,864	39,560	38,397	37,673	47,514	41,696	43,829	27,561	43,683	30,674	30,417	26,757	41,023	43,153	42,470	35,423	34,737	31,983	28,784	25,693	227,712	20,838	22,026	9,824	9,356	8,998	10,290	10,212	10,562	8,535	9,000	8,800	9,700	11,700	11,700	9,400	11,100	10,000	10,900	10,100	11,500	8,200	8,200	7,600	78,100	133,000	135,900	125,300	118,300	65,300	115,800	91,400	89,600	91,400
Other Current Liab	909,578	838,113	714,980	696,414	723,190	762,548	676,227	672,786	765,273	757,311	665,037	657,884	698,552	605,610	526,847	539,851	578,330	572,765	512,404	491,629	514,004	512,897	432,312	453,178	543,592	518,828	461,106	498,220	506,289	494,508	459,526	441,378	477,394	477,531	441,738	414,866	435,343	439,116	384,648	384,511	410,378	419,924	361,945	361,500	418,584	408,818	380,651	400,303	441,695	429,191	463,038	458,405	456,690	647,765	516,247	522,515	526,241	613,046	629,758	600,238	601,834	422,004	403,782	399,726	400,687	333,484	285,254	280,969	299,213	252,958	224,535	353,049	330,235	406,350	357,164	351,827	359,667	447,719	408,914	377,824	345,207	372,714	379,432	370,041	363,092	404,882	364,549	358,973	319,165	549,471	483,041	533,650	486,497	507,886	462,386	406,283	372,500	382,400	329,700	257,000	265,000	260,000	231,000	105,800	94,200	214,400	196,000	211,100	189,000	197,800	194,200	201,600	198,000	187,400	176,700	194,300	200,100	244,300	264,200	264,400
Other Liab	0	357,636	0	355,587	344,405	323,442	317,995	329,139	360,340	416,607	427,747	385,502	382,383	371,062	339,526	328,898	334,879	322,197	322,584	321,855	333,204	343,630	341,846	346,558	271,349	397,671	397,922	392,756	264,158	360,837	361,365	351,499	184,721	356,990	362,011	357,928	186,064	340,592	346,781	347,949	177,915	376,347	292,882	293,717	213,160	292,111	288,107	289,867	206,197	261,890	255,634	217,623	175,914	201,112	227,503	278,802	198,772	239,840	238,209	240,242	255,686	239,604	245,302	244,958	248,926	228,664	183,575	170,746	169,127	143,008	133,628	136,812	107,083	96,745	111,362	96,788	77,303	106,387	98,875	97,977	94,873	94,367	93,321	89,734	87,841	82,371	80,191	76,413	72,622	73,156	67,958	63,720	60,096	63,915	56,460	52,335	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	-1,259,568	-1,241,766	-1,247,252	-1,162,872	-1,147,850	-1,152,524	-951,141	-681,472	-500,162	-492,264	-451,316	-330,714	-319,026	-309,796	-314,010	-318,240	-221,663	-223,151	-227,297	-231,646	-232,834	-116,170	-85,147	-62,792	-29,688	-31,128	-9,640	-10,143	41,917	98,103	97,547	94,229	120,067	204,329	201,950	200,838	217,583	331,945	393,845	408,343	397,493	409,278	406,275	408,357	404,201	394,237	394,228	399,923	402,660	420,797	417,105	415,334	412,088	408,056	405,479	401,830	400,816	391,459	387,854	384,547	383,471	381,452	378,367	374,987	373,158	366,333	354,959	340,708	338,358	324,191	320,683	313,790	307,303	305,559	303,027	302,448	301,371	300,797	300,435	300,139	300,016	298,632	298,210	297,359	295,557	294,286	295,001	293,995	290,800	290,183	279,949	156,446	150,906	141,638	134,457	128,952	126,000	108,500	131,700	125,600	125,600	123,400	130,300	126,900	106,200	107,000	102,700	100,300	99,000	101,100	98,600	94,900	90,100	88,500	86,200	82,000	81,100	201,800	223,600	223,100
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	902,100	476,805	462,266	435,334	425,882	419,066	0	0	0	0	405,970	396,659	400,582	391,458	399,112	395,644	401,658	382,019	378,811	373,187	134,351	128,765	124,993	124,797	127,156	126,563	127,754	131,455	127,951	128,290	128,376	121,825	122,018	117,039	118,529	118,274	122,178	122,240	121,376	122,456	123,414	123,138	113,562	114,384	116,631	116,406	113,750	111,701	101,663	97,147	97,357	88,549	88,615	87,478	87,459	89,793	92,057	92,813	94,802	97,267	96,716	90,609	88,807	86,244	83,963	79,504	52,028	53,305	52,780	46,437	47,070	47,389	46,443	49,588	51,828	54,447	56,468	57,467	62,693	62,843	66,156	68,363	69,832	69,818	70,750	55,966	55,276	54,402	42,548	41,388	39,296	39,009	38,959	36,642	36,503	37,101	36,500	37,200	37,100	31,200	32,100	31,000	28,300	27,600	27,200	26,500	26,600	27,000	27,000	25,500	24,900	25,800	27,100	28,400	30,200	31,500	33,700	36,300	37,600	38,400
Property Plant And Equipment Net	489,876	476,805	462,266	435,334	425,882	419,066	426,495	417,725	412,844	422,241	405,970	396,659	400,582	391,458	399,112	395,644	401,658	382,019	378,811	373,187	134,351	128,765	124,993	124,797	127,156	126,563	127,754	131,455	127,951	128,290	128,376	121,825	122,018	117,039	118,529	118,274	122,178	122,240	121,376	122,456	123,414	123,138	113,562	114,384	116,631	116,406	113,750	111,701	101,663	97,147	97,357	88,549	88,615	87,478	87,459	89,793	92,057	92,813	94,802	97,267	96,716	90,609	88,807	86,244	83,963	79,504	52,028	53,305	52,780	46,437	47,070	47,389	46,443	49,588	51,828	54,447	56,468	57,467	62,693	62,843	66,156	68,363	69,832	69,818	70,750	55,966	55,276	54,402	42,548	41,388	39,296	39,009	38,959	36,642	36,503	37,101	36,500	37,200	37,100	32,100	32,100	31,000	28,300	27,600	27,200	26,500	26,600	27,000	27,000	25,500	24,900	25,800	27,100	28,400	30,200	31,500	33,700	38,400	37,600	38,400
Property Plant Equipment	0	476,805	162,594	160,417	157,819	419,066	426,495	151,346	152,066	422,241	405,970	157,202	158,427	155,161	158,453	157,848	156,187	149,023	145,638	145,056	134,351	128,765	124,993	124,797	127,156	126,563	127,754	131,455	127,951	128,290	128,376	121,825	122,018	117,039	118,529	118,274	122,178	122,240	121,376	122,456	123,414	123,138	113,562	114,384	116,631	116,406	113,750	111,701	101,663	97,147	97,357	88,549	88,615	87,478	87,459	89,793	92,057	92,813	94,802	97,267	96,716	90,609	88,807	86,244	83,963	79,504	52,028	53,305	52,780	46,437	47,070	47,389	46,443	49,588	51,828	54,447	56,468	57,467	62,693	62,843	66,156	68,363	69,832	69,818	70,750	55,966	55,276	54,402	42,548	41,388	39,296	39,009	38,959	36,642	36,503	37,101	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	3,814,439	3,611,442	3,450,553	3,318,560	3,214,281	3,095,166	2,995,844	2,901,909	2,835,504	2,740,817	2,648,109	2,557,919	2,480,321	2,404,964	2,348,199	2,436,305	2,367,481	2,285,083	2,207,775	2,128,326	2,060,440	1,987,113	1,912,430	1,846,328	1,796,556	1,748,100	1,688,278	1,644,070	1,596,269	1,560,489	1,513,863	1,463,380	1,432,980	1,386,977	1,350,524	1,308,742	1,280,991	1,243,762	1,204,155	1,169,781	1,133,873	1,092,018	1,069,353	1,052,406	1,022,239	1,000,138	960,557	933,835	910,042	873,386	835,979	807,170	782,576	742,600	918,225	891,084	869,267	830,084	790,098	745,279	708,511	648,224	599,589	555,635	526,307	475,977	437,641	411,491	399,804	359,597	337,044	320,183	313,170	293,838	262,974	255,041	253,128	242,549	227,083	225,638	219,921	217,297	210,829	202,556	199,300	177,956	158,477	143,649	136,398	118,956	103,665	92,043	86,386	71,863	60,385	51,227	46,300	34,600	26,000	18,500	18,500	11,600	5,900	2,200	6,200	3,000	-300	-1,200	-1,400	-3,400	-5,300	-14,500	-10,900	-12,100	-12,700	-7,000	0	-534,700	-538,300	-534,700
Retained Earnings Total Equity	0	0	3,450,553	3,318,560	3,214,281	3,095,166	2,995,844	2,901,909	2,835,504	2,740,817	2,648,109	2,557,919	2,480,321	2,404,964	2,348,199	2,436,305	2,367,481	2,285,083	2,207,775	2,128,326	2,060,440	1,987,113	1,912,430	1,846,328	1,796,556	1,748,100	1,688,278	1,644,070	1,596,269	1,560,489	1,513,863	1,463,380	1,432,980	1,386,977	1,350,524	1,308,742	1,280,991	1,243,762	1,204,155	1,169,781	1,133,873	1,092,018	1,069,353	1,052,406	1,022,239	1,000,138	960,557	933,835	910,042	873,386	835,979	807,170	782,576	742,600	918,225	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,465	6,482	15,399	15,524	12,915	15,635	15,635	16,017	12,915	16,328	16,589	16,713	12,915	9,693	10,234	10,360	14,004	14,004	18,385	18,532	13,938	15,769	15,625	15,480	15,364	15,364	15,318	15,289	15,030	19,889	17,354	0	17,541	0	0	0	19,041	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	339,969	434,996	568,964	641,950	535,174	712,931	550,774	545,931	540,335	562,179	543,447	532,675	535,523	534,669	561,426	755,755	570,325	511,167	539,952	538,972	295,777	299,338	303,117	306,958	310,150	413,870	417,184	420,694	423,326	523,277	527,195	311,405	318,913	321,752	326,337	329,982	335,440	340,360	345,268	349,866	354,663	405,077	155,181	155,391	155,899	155,984	155,855	156,103	154,857	153,429	153,413	151,904	360,487	351,470	150,444	150,533	195,351	196,207	197,134	199,054	200,104	200,561	201,438	202,261	227,244	301,864	1,694	1,772	1,898	1,942	2,036	1,946	1,957	2,159	72,086	84,588	82,138	128,149	120,191	119,248	140,328	196,145	168,077	168,085	135,181	23,008	22,359	73,265	1,795	1,169	1,337	116,506	116,629	117,029	133,584	117,962	118,200	128,500	139,100	125,300	125,300	119,700	117,900	250,800	186,500	81,100	77,100	93,000	87,700	85,200	100,900	175,100	171,700	172,200	170,100	164,600	162,100	50,100	61,000	50,100
Short Term Debt	77,701	81,210	86,584	84,343	82,785	78,862	78,051	76,284	74,049	74,281	72,311	71,067	70,542	62,459	62,939	63,082	71,236	69,828	68,355	67,308	16,013	15,769	15,625	15,480	15,364	15,364	15,318	15,289	15,030	19,889	17,354	17,447	18,848	18,712	18,814	18,680	19,041	19,138	19,184	19,227	19,332	1,882	1,812	1,789	1,787	1,673	1,542	1,616	1,522	1,229	1,232	478	489	305	348	376	45,100	3,332	3,405	3,685	3,886	3,816	3,838	3,793	3,791	2,914	607	639	659	654	659	616	551	739	70,756	83,228	80,806	127,561	119,614	118,712	139,767	195,523	167,388	167,345	134,276	22,193	21,592	50,630	947	443	542	667	751	1,177	17,656	2,069	2,200	12,400	22,000	8,000	0	1,900	800	133,700	123,300	17,900	14,100	19,800	14,600	12,400	28,400	104,800	103,500	105,800	105,800	102,500	102,300	20,100	0	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,429	2,572	2,461	1,958	2,082	1,817	3,308	2,043	2,224	3,319	3,949	4,232	4,407	7,631	6,424	6,474	6,938	7,263	6,988	6,934	7,058	8,182	12,814	23,024	24,787	23,308	23,732	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	6,609,721	6,224,193	5,907,669	5,640,910	5,524,607	5,438,729	5,146,444	5,231,154	5,441,446	5,296,678	5,133,170	5,061,189	5,063,840	4,829,985	4,590,423	4,835,547	4,830,358	4,532,721	4,393,578	4,278,324	4,088,807	3,995,893	3,869,401	3,841,999	3,965,904	3,966,321	3,847,574	3,805,162	3,894,170	3,894,953	3,800,366	3,449,659	3,546,470	3,483,429	3,417,786	3,315,582	3,388,967	3,434,667	3,404,895	3,407,516	3,465,915	3,506,759	3,105,336	3,014,716	3,107,070	3,053,461	2,960,729	2,944,231	3,014,076	2,899,173	2,896,574	2,750,013	2,755,542	2,627,504	2,816,359	2,839,014	2,981,894	3,010,129	2,967,747	2,872,309	3,008,404	3,046,926	2,967,372	2,841,889	2,871,643	2,843,515	2,276,433	2,105,492	2,089,023	1,956,593	1,859,979	1,772,767	1,778,941	1,785,457	1,771,922	1,767,486	1,817,969	1,894,477	1,807,904	1,789,340	1,795,247	1,838,635	1,774,487	1,720,442	1,758,491	1,581,165	1,501,219	1,503,204	1,349,664	1,315,236	1,313,153	1,273,089	1,261,864	1,256,020	1,197,479	1,091,715	1,056,500	1,030,300	936,700	801,000	801,000	777,100	756,500	752,600	660,700	667,900	621,000	645,000	614,700	599,500	597,900	687,200	710,900	685,200	673,000	675,200	707,500	784,600	784,900	784,600
Total Current Assets	4,446,971	4,068,895	3,809,621	3,562,420	3,461,973	3,379,262	3,125,540	3,216,405	3,390,994	3,226,567	3,113,354	3,105,631	3,120,936	2,897,090	2,679,080	2,685,388	2,659,883	2,558,113	2,420,635	2,313,861	2,386,207	2,324,192	2,190,223	2,169,777	2,284,509	2,231,972	2,099,836	2,041,792	2,210,847	2,247,116	2,141,908	1,980,927	2,067,419	2,015,146	1,937,734	1,827,293	1,886,603	1,926,670	1,887,833	1,881,180	1,930,105	1,968,486	2,058,697	1,962,193	2,044,453	1,985,913	1,886,878	1,861,627	1,936,653	1,826,315	1,809,354	1,941,871	1,980,167	1,889,470	1,859,362	1,839,659	1,977,365	2,014,296	1,965,097	1,873,950	2,010,740	2,075,563	2,002,405	1,893,627	1,935,790	1,921,677	1,852,607	1,678,568	1,662,413	1,570,771	1,479,063	1,387,695	1,389,803	1,401,957	1,385,117	1,378,044	1,425,571	1,492,573	1,403,289	1,386,763	1,389,156	1,415,341	1,348,728	1,297,703	1,334,935	1,288,669	1,232,144	1,250,350	1,217,324	1,189,663	1,191,926	1,150,714	1,138,760	1,120,737	1,065,282	960,420	928,000	906,900	810,800	732,000	732,000	720,800	712,900	711,100	622,700	633,300	587,200	609,700	578,700	566,500	557,100	607,800	632,900	608,800	583,700	583,400	614,200	575,900	565,400	575,900
Total Current Liabilities	3,518,355	3,232,802	2,949,462	2,661,391	2,753,522	2,638,796	2,402,935	2,296,570	2,361,731	2,250,123	2,143,110	2,093,407	2,163,232	1,978,848	1,808,212	1,786,382	1,938,610	1,793,374	1,704,566	1,673,183	1,734,398	1,589,568	1,504,930	1,512,297	1,650,952	1,552,279	1,468,857	1,472,860	1,511,774	1,446,836	1,392,661	1,319,752	1,413,728	1,309,230	1,273,965	1,212,878	1,283,417	1,247,130	1,184,539	1,202,414	1,298,743	1,292,016	1,251,625	1,175,912	1,294,519	1,278,195	1,229,897	1,232,499	1,330,913	1,235,206	1,264,855	1,187,454	1,232,699	1,158,228	1,150,297	1,157,623	1,334,605	1,389,611	1,395,768	1,348,349	1,513,155	1,599,516	1,561,489	1,483,651	1,514,223	1,491,802	1,321,202	1,208,309	1,208,348	1,126,998	1,066,200	1,005,609	1,045,316	1,080,560	1,088,012	1,104,904	1,162,373	1,242,002	1,181,676	1,164,675	1,178,457	1,227,643	1,171,368	1,134,118	1,179,875	1,028,518	969,351	972,524	854,261	837,159	866,203	851,311	852,387	867,099	833,858	745,459	717,600	713,500	635,900	511,900	511,900	498,500	474,800	476,800	456,600	467,400	430,500	449,100	421,700	417,500	425,500	503,000	525,500	501,900	486,700	493,500	522,000	443,300	445,200	443,300
Total Liab	4,138,906	3,944,224	3,789,582	3,574,585	3,550,316	3,596,307	3,193,653	3,095,356	3,188,357	3,154,628	3,041,993	2,940,517	3,010,596	2,822,120	2,646,225	2,807,953	2,772,578	2,556,910	2,498,747	2,466,702	2,347,366	2,216,767	2,134,268	2,150,333	2,291,787	2,348,456	2,268,645	2,271,021	2,356,228	2,311,061	2,263,867	1,965,209	2,066,414	1,969,260	1,943,499	1,882,108	1,959,580	1,908,944	1,857,404	1,881,002	1,986,289	2,071,558	1,697,876	1,623,231	1,749,891	1,724,617	1,672,317	1,676,853	1,768,945	1,649,296	1,672,670	1,556,503	1,592,697	1,509,393	1,527,896	1,586,582	1,755,428	1,822,326	1,827,706	1,783,960	1,965,059	2,035,865	2,004,391	1,927,077	1,986,602	2,019,416	1,505,864	1,380,188	1,378,714	1,271,294	1,201,205	1,143,751	1,163,505	1,178,725	1,200,704	1,203,052	1,255,608	1,348,977	1,281,128	1,263,188	1,273,891	1,322,632	1,265,378	1,224,592	1,268,621	1,111,704	1,050,309	1,071,572	927,731	911,041	934,956	1,030,870	1,028,361	1,046,866	1,006,246	913,687	886,300	885,000	806,600	681,200	681,200	663,700	639,800	640,600	565,400	577,500	536,100	561,000	530,800	520,500	521,400	620,500	640,300	615,300	603,700	600,200	626,400	1,096,200	1,099,600	1,096,200
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,735,133	1,691,666	1,674,117	1,617,865	1,578,929	1,534,141	1,537,942	1,583,892	1,536,499	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,469,778	2,278,930	2,117,385	2,065,623	1,973,589	1,841,720	1,952,089	2,135,096	2,252,387	2,141,348	2,090,475	2,119,968	2,052,668	2,007,289	1,943,622	2,026,948	2,057,134	1,975,165	1,894,185	1,810,766	1,740,545	1,778,228	1,734,283	1,690,816	1,673,267	1,617,012	1,578,076	1,533,318	1,537,089	1,582,590	1,535,223	1,481,699	1,476,711	1,510,312	1,470,815	1,427,739	1,416,013	1,511,691	1,533,862	1,513,472	1,466,265	1,422,188	1,396,400	1,380,885	1,346,080	1,318,123	1,277,820	1,256,318	1,234,734	1,239,255	1,214,007	1,182,826	1,152,943	1,108,340	1,278,653	1,243,737	1,218,071	1,179,426	1,132,155	1,080,322	1,043,345	1,011,061	962,981	914,812	885,041	824,099	770,569	725,304	710,309	685,299	658,774	629,016	615,436	606,732	571,218	564,434	562,361	545,500	526,776	526,152	521,356	516,003	509,109	495,850	489,870	469,461	450,910	431,632	421,933	404,195	378,197	242,219	233,503	209,154	191,233	178,028	170,200	145,300	130,100	119,800	119,800	113,400	116,700	112,000	95,300	90,400	84,900	84,000	83,900	79,000	76,500	66,700	70,600	69,900	69,300	75,000	81,100	-311,600	-314,700	-311,600
Treasury Stock	0	0	-1,328,808	-1,238,722	-1,222,645	-1,222,645	-1,016,353	-743,846	-562,036	-549,737	-504,520	-379,407	-366,490	-352,985	-352,985	-352,985	-253,937	-253,937	-253,937	-253,937	-253,937	-133,332	-98,201	-72,178	-37,693	-35,471	-10,302	-10,302	-10,302	-10,302	-10,302	-10,302	-10,302	-10,302	-10,302	-10,302	-10,302	-10,302	-10,302	-10,302	-10,590	-11,696	-11,779	-11,862	-11,903	-12,647	-12,844	-12,860	-14,476	-16,691	-16,718	-16,718	-15,525	-16,084	-16,326	-16,326	-15,451	-15,869	-15,875	-15,875	-14,424	-14,424	-14,515	-14,515	-14,130	-14,867	-16,142	-17,534	-16,884	-17,412	-17,938	-18,449	-17,929	-17,973	-17,973	-18,032	-16,751	-16,733	-16,733	-16,779	-16,713	-16,797	-16,797	-16,821	-16,836	-16,836	-16,836	-16,836	-16,836	-16,836	-16,836	-16,836	-16,836	-16,836	-16,836	-16,836	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Begin Period Cash Flow	457,068	822,568	903,562	359,920	366,214	469,388	464,617	486,831	432,056	439,813	605,303	511,322	710,836	726,975	405,869	251,637	273,735	103,785	59,109	78,260	93,103	189,766	137,685	58,552	83,100	49,400	50,700	53,000	52,500	39,500
Capital Expenditures	78,404	49,289	36,192	47,969	48,432	43,479	34,684	39,648	35,460	38,035	35,497	37,875	29,581	19,359	24,100	37,514	21,501	19,733	12,445	16,134	17,940	15,585	17,939	16,698	66,500	39,500	9,800	7,400	4,500	4,200
Cash And Cash Equivalents Changes	0	-352,985	-79,715	539,596	-8,886	-99,753	2,813	-22,214	54,775	-7,757	-165,490	93,981	-199,514	-16,139	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	263,144	-50,720	134,744	48,904	-28,741	22,194	6,937	12,263	-30,582	-10,531	23,621	-24,449	-10,761	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	333,282	-365,500	-80,994	543,642	-6,294	-103,174	2,813	-22,214	54,775	-7,757	-165,490	93,981	-199,514	-16,139	321,106	154,232	-22,098	169,950	44,676	-7,856	-14,843	-96,663	52,081	79,133	-24,500	33,700	-1,400	-2,300	400	13,000
Change In Working Capital	141,853	-39,106	-208,359	354,616	-78,900	-113,690	31,726	-4,194	19,532	468	-45,225	-27,976	-45,145	-85,032	116,025	84,993	108,015	96,754	38,560	-24,697	-63,962	63,696	-18,388	3,169	-29,100	-3,300	1,700	13,900	-8,400	4,300
Change Receivables	0	-340,091	-246,856	139,377	-135,954	-146,101	-80,514	-98,773	-115,303	27,409	-3,221	-12,852	-75,529	-8,342	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-620,761	-340,091	-246,856	139,377	-135,954	-146,101	-80,514	-98,773	-115,303	27,409	-3,221	-12,852	-75,529	-8,342	354,206	57,246	0	0	11,029	0	0	28,464	48,974	0	0	0	0	0	0	0
Change To Inventory	-23,442	-31,541	-116	-12,709	4,345	-3,915	-4,936	954	9,733	5,269	-865	-5,597	-10,549	2,118	20,135	-601	148,688	100,612	28,837	21,130	-29,018	-14,174	-59,217	76,376	14,700	1,200	3,000	-11,200	-16,300	-6,900
Change To Liabilities	0	81,463	101,422	104,813	15,580	74,565	103,622	93,044	121,176	-4,650	-30,458	-32,763	68,057	-100,630	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	9,265	17,990	199,529	4,412	9,525	8,880	-897	-9,206	31	-1,045	935	2,010	224,333	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-34,134	-10,301	143,999	45,481	-32,019	25,053	28,902	53,885	-14,594	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	118,965	108,611	112,436	106,671	92,087	80,915	88,509	79,789	74,189	74,490	67,338	60,966	53,776	41,915	45,745	48,517	37,671	21,310	22,631	26,308	25,951	16,756	18,200	16,101	14,100	10,600	8,200	7,900	8,900	15,700
Dividends Paid	32,684	27,187	28,163	17,674	17,950	18,640	18,971	19,454	20,095	21,293	12,080	34,073	3,336	2,500	1,350	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	790,350	457,068	822,568	903,562	359,920	366,214	467,430	464,617	486,831	432,056	439,813	605,303	511,322	710,836	726,975	405,869	251,637	273,735	103,785	70,404	78,260	93,103	189,766	137,685	58,600	83,100	49,300	50,700	52,900	52,500
Exchange Rate Changes	0	0	0	0	0	0	3,242	-6,675	-2,610	-2,796	832	2,706	867	-4,906	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	821,251	448,644	282,625	758,397	307,268	227,532	331,450	224,913	231,206	208,622	114,572	146,533	119,844	49,293	335,012	297,512	237,520	189,609	130,864	38,349	-16,630	139,112	63,152	74,738	-30,900	-4,200	15,800	25,700	6,200	1,700
Investments	-151,934	-140,800	-1,399	-94,863	-1,414	-3,400	-200	-99	-99	-3,865	3,816	12,872	-17,667	25,505	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-13,875	-13,875	-41,457	5,231	-16,736	-116,647	105,626	-20,251	-19,169	195,295	-2,018	-5,242	-51,258	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	632,994	406,122	383,701	132,943	325,140	283,577	227,193	182,153	172,507	173,427	127,354	148,886	133,671	-82,684	163,077	182,204	126,808	86,634	60,042	33,207	20,621	62,902	50,012	40,089	27,800	17,100	8,600	9,400	-10,900	-108,400
Other Cashflows From Financing Activities	-11,899	265,104	-11,011	-6,780	43,472	-7,187	-4,479	613,806	-9,020	8,891	607,032	6,867	4,503	157,292	5,004	62,140	233,436	6,098	-80,271	-59,971	5,147	110,936	143	-1,609	-6,900	29,600	-16,700	-94,300	-6,400	10,200
Other Cashflows From Investing Activities	0	-91,511	-115,485	-46,894	-295,493	-70,843	-103,209	-230,924	-24,348	20,232	-451,741	-17,543	-273,270	-38,870	0	2,462	5,494	1,661	4,413	10,061	7,430	1,819	1,925	2,765	0	0	0	0	0	0
Other Non Cash Items	8,755	-302	10,415	237,339	4,286	4,930	62,125	6,019	1,937	-17,740	-7,659	-10,860	-7,150	204,101	23,889	22,899	9,840	10,813	17,074	5,961	11,249	3,911	27,542	32,077	22,800	10,900	7,100	1,900	21,100	94,300
Sale Purchase Of Stock	-127,713	-660,609	-195,546	-112,553	6,090	-216,244	-93,166	-94,221	-104,330	-201,994	-26,070	-23,912	-27,523	155,818	0	0	0	0	0	0	0	0	0	0	-2,900	-14,000	0	0	0	0
Stock Based Compensation	13,739	12,125	11,107	11,151	11,386	11,030	9,939	8,902	8,801	8,121	6,943	6,766	5,447	5,742	7,454	5,905	-4,517	155	0	0	0	0	24,281	0	0	0	0	0	0	0
Total Cash From Financing Activities	-412,054	-710,118	-245,456	-171,907	-19,247	-253,042	-228,470	-9,429	-149,473	-229,950	167,031	-50,587	-29,288	-47,161	1,693	-24,998	243,746	16,498	-78,529	-58,381	7,110	113,443	2,207	-1,183	400	38,600	-16,300	-93,800	-6,400	10,200
Total Cash From Operating Activities	899,655	497,933	318,817	806,366	355,700	271,011	366,134	264,561	266,666	246,657	150,069	184,408	149,425	68,652	359,112	335,026	259,021	209,342	143,309	54,483	1,310	154,697	81,091	91,436	35,600	35,300	25,600	33,100	10,700	5,900
Total Cashflows From Investing Activities	0	-140,800	-153,076	-94,863	-345,339	-117,722	-138,093	-270,671	-59,808	-21,668	-483,422	-42,546	-320,518	-32,724	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31
Begin Period Cash Flow	523,632	503,052	420,825	457,068	404,886	263,542	515,869	822,568	665,020	669,788	759,757	903,562	680,637	482,340	348,127	359,920	369,807	215,768	254,261	366,214	356,341	309,196	354,904	469,388	480,496	385,396	302,754	464,617	504,558	443,019	392,364	486,831	445,400	360,849	368,894	432,056	437,446	437,119	406,668	439,813	444,037	530,385	499,102	605,303	474,380	434,272	438,655	511,322	476,366	406,546	631,984	710,836	641,111	599,941	600,561	726,975	648,231	521,471	395,076	405,869	340,849	275,511	224,989	251,637	223,077	336,335	276,569	273,735	244,522	180,900	91,144	103,785	67,999	70,634	69,272	70,404	101,025	50,219	52,996	78,260	82,162	57,752	55,875	93,103	88,853	89,716	142,517	189,766	174,732	165,722	148,670	137,685	79,904	62,429	58,114	58,552	37,900	28,300	14,800	83,100	0	0	123,900	49,400	8,700	0	61,000	50,700	0	4,200	54,800	53,000	1,700	0	45,100	52,500	41,900	39,500	0	39,500
Capital Expenditures	22,098	19,742	13,410	23,154	10,572	10,970	16,246	11,501	10,238	9,220	8,530	8,204	13,789	8,229	13,916	12,035	12,603	13,374	9,342	13,113	14,805	12,760	9,326	6,588	8,571	8,445	7,093	10,575	10,342	10,356	9,934	9,016	12,598	7,069	8,857	6,936	10,461	10,995	8,506	8,073	11,491	9,186	7,815	7,005	8,519	10,344	11,186	7,826	10,086	8,941	6,037	4,517	5,389	6,101	4,380	3,489	6,853	4,024	5,278	7,945	12,323	9,105	8,304	7,782	7,141	4,513	4,171	5,676	6,562	3,455	3,709	6,007	4,265	2,252	2,586	3,342	6,360	1,660	5,705	2,409	4,552	4,172	3,867	5,349	2,650	3,896	4,882	4,157	5,293	5,098	3,321	4,227	8,520	3,160	1,901	3,117	2,800	4,700	57,100	4,300	4,300	28,300	3,200	3,700	2,300	2,300	2,900	2,300	2,900	2,500	800	1,200	1,200	1,300	300	1,700	1,100	2,800	2,800	2,800
Cash And Cash Equivalents Changes	0	0	78,610	-38,482	44,157	150,127	-243,989	-303,280	156,957	-1,676	-90,305	-144,691	0	194,900	134,236	-7,115	-14,526	155,911	-37,020	-113,251	11,309	48,009	-42,854	-116,217	-13,066	95,100	82,642	-161,863	-39,941	61,539	50,655	-94,467	41,431	84,551	-8,045	-63,162	-5,390	327	30,451	-33,145	-4,224	-86,348	31,283	-106,201	130,923	40,108	-4,383	-72,667	34,956	69,820	-225,438	-78,852	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	133,772	-224,716	384,563	126,909	-52,225	-196,103	204,422	-6,987	-47,449	-200,706	0	191,292	201,533	-188,023	179,711	113,488	-90,464	-153,831	178,760	4,716	-68,823	-143,394	28,842	42,330	24,943	-73,921	87,132	11,667	3,939	-95,801	99,811	43,310	-56,222	-74,636	53,203	-1,072	3,626	-86,339	49,412	75,068	10,547	-145,558	128,038	-110	-29,918	-74,389	50,494	5,685	272	-80,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	266,718	20,580	82,227	-36,243	52,182	141,344	-252,327	-306,699	157,548	-4,768	-89,969	-143,805	222,925	198,297	134,213	-11,793	-9,887	154,039	-38,493	-111,953	9,873	47,145	-45,708	-114,484	-13,066	95,100	82,642	-161,863	-39,941	61,539	50,655	-94,467	41,431	84,551	-8,045	-63,162	-5,390	327	30,451	-33,145	-4,224	-86,348	31,283	-106,201	130,923	40,108	-4,383	-72,667	34,956	69,820	-225,438	-78,852	69,725	41,170	-620	-126,414	78,744	126,760	126,395	-10,793	65,020	65,338	50,522	-26,648	28,560	-113,258	59,766	2,834	29,213	63,622	89,756	-12,641	35,786	-2,635	1,362	-1,132	-30,621	50,806	-2,777	-25,264	-3,902	24,410	1,877	-37,228	4,250	-863	-52,801	-47,249	15,034	9,010	17,052	10,985	57,781	17,475	4,315	-438	20,700	9,600	-65,900	14,800	0	-27,200	-28,400	74,500	5,300	8,700	-25,700	10,300	5,200	-13,500	4,200	1,800	11,600	1,700	-5,500	-7,400	12,800	2,400	0	0
Change In Working Capital	184,737	55,595	130,324	-228,803	91,635	124,050	-55,250	-199,541	55,250	-9,604	-50,106	-203,899	158,324	188,742	198,864	-191,314	61,950	110,873	-94,335	-157,388	102,313	-3,786	-68,823	-143,394	38,374	42,330	24,943	-73,921	76,001	11,667	3,939	-95,801	107,080	43,310	-56,222	-74,636	72,504	10,677	3,626	-86,339	14,718	75,068	10,547	-145,558	76,441	-110	-29,918	-74,389	29,798	5,685	2,098	-82,726	60,127	4,067	-27,847	-121,379	20,617	74,400	68,572	-47,564	38,836	27,509	38,226	-19,578	50,609	49,009	20,082	-11,685	28,584	35,199	66,577	-33,606	3,081	30,841	13,684	-9,046	-9,106	3,932	-4,483	-15,040	30,770	-13,805	-6,376	-74,551	29,039	-1,574	-5,035	41,266	1,119	-12,532	-6,898	-77	17,767	19,247	-27,611	-6,234	-3,700	18,500	-43,400	-2,200	-2,200	-15,800	3,800	68,200	200	9,200	-3,900	3,600	8,000	17,400	26,800	-2,600	500	9,900	7,100	-2,300	-80,100	132,600	-12,400	0
Change Receivables	0	0	0	0	-340,091	0	0	0	-246,856	0	0	0	0	0	0	0	-135,954	0	0	0	-146,101	0	0	0	-80,514	0	0	0	-98,773	0	0	0	-115,303	0	0	0	27,409	0	0	0	-3,221	0	0	0	-12,852	0	0	0	-75,529	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	-340,091	-384,816	0	0	-246,856	-297,504	-297,504	-297,504	139,377	147,206	147,206	147,206	-146,065	-146,065	-146,065	-146,065	-177,036	-177,036	-177,036	-177,036	-68,081	0	0	0	-106,624	0	0	0	-128,140	0	0	0	27,409	0	0	0	3,221	0	0	0	12,852	0	0	0	75,529	0	0	0	0	0	0	0	354,206	0	0	0	57,246	0	0	0	0	0	0	0	0	0	0	152,000	11,029	0	0	0	0	0	0	0	0	0	0	0	28,464	0	0	0	48,974	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	-31,541	-31,541	0	0	-116	-116	-116	-116	-12,709	-12,709	-12,709	-12,709	4,345	4,345	4,345	4,345	-3,915	-3,915	-3,915	-3,915	-4,936	0	0	0	954	0	0	0	9,733	0	0	0	5,269	0	0	0	-865	0	0	0	-5,597	0	0	0	-10,549	0	0	0	10,875	0	0	0	38,607	0	0	0	50,679	0	0	0	148,688	0	0	0	100,612	0	0	-41,000	28,837	0	0	0	21,130	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	76,376	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	0	81,463	0	0	0	101,422	0	0	0	76,120	0	0	0	15,580	0	0	0	74,565	0	0	0	103,622	103,622	103,622	103,622	93,044	93,044	93,044	0	121,176	0	0	0	-4,650	0	0	0	-30,458	0	0	0	-32,763	0	0	0	68,057	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	5,675	-3,847	162	9,947	-113	205,082	-226	15,187	1,636	6,657	-218	-6,596	-9,409	211,602	7,031	1,812	1,445	-636	1,791	1,910	-5,177	4,238	8,554	4,498	6,524	4,088	-6,230	-8,955	-2,604	5,178	5,484	-15,685	-1,874	2,471	5,882	-7,421	4,902	740	1,810	-726	-1,345	-4,221	5,247	1,529	-1,822	2,272	-1,044	3,382	-8,740	-179	7,547	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	55,595	55,595	-228,803	96,607	124,050	-254,791	-254,791	253,308	-9,604	-50,106	-203,899	-52,293	188,742	198,864	-191,314	186,331	110,873	-94,335	-157,388	183,984	-3,786	-68,823	-143,394	25,138	42,330	23,678	-73,921	31,091	11,667	3,939	0	53,885	0	0	0	-14,594	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	31,186	30,286	28,995	28,498	27,978	27,496	26,008	27,129	28,189	29,141	28,116	26,990	27,025	27,022	26,110	26,514	25,175	22,352	22,365	22,195	20,748	19,582	20,206	20,379	21,954	21,944	22,240	22,371	19,994	20,519	20,474	18,802	18,992	18,304	18,670	18,223	18,782	18,747	18,590	18,371	20,114	17,642	15,091	14,491	16,053	15,215	15,202	14,496	14,970	15,213	11,987	11,606	11,411	10,136	10,263	10,105	11,594	11,177	11,216	11,758	11,841	12,151	12,602	11,923	16,582	9,444	5,199	6,446	6,118	4,876	5,196	5,120	6,847	5,031	5,508	5,245	8,090	5,942	6,345	5,931	7,681	6,172	5,399	6,699	5,279	4,172	3,928	3,377	4,979	4,467	4,418	4,336	4,696	4,130	3,826	3,449	3,800	3,700	3,700	2,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Dividends Paid	8,486	8,484	8,563	7,151	7,150	6,418	6,689	6,930	6,939	6,988	7,115	7,121	4,394	4,392	4,388	4,500	4,492	4,491	4,487	4,480	4,604	4,655	4,677	4,704	4,705	4,735	4,738	4,793	4,856	4,864	4,855	4,879	5,017	5,024	5,015	5,039	5,184	5,366	5,390	5,353	4,028	4,025	4,027	1,043	22,485	3,328	3,337	3,323	4,386	0	1,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	790,350	523,632	503,052	420,825	457,068	404,886	263,542	515,869	822,568	665,020	669,788	759,757	903,562	680,637	482,340	348,127	359,920	369,807	215,768	254,261	366,214	356,341	309,196	354,904	467,430	480,496	385,396	302,754	464,617	504,558	443,019	392,364	486,831	445,400	360,849	368,894	432,056	437,446	437,119	406,668	439,813	444,037	530,385	499,102	605,303	474,380	434,272	438,655	511,322	476,366	406,546	631,984	710,836	641,111	599,941	600,561	726,975	648,231	521,471	395,076	405,869	340,849	275,511	224,989	251,637	223,077	336,335	276,569	273,735	244,522	180,900	91,144	103,785	67,999	70,634	69,272	70,404	101,025	50,219	52,996	78,260	82,162	57,752	55,875	93,103	88,853	89,716	142,517	189,766	174,732	165,722	148,670	137,685	79,904	62,429	58,114	58,600	37,900	-65,900	14,800	83,100	-27,200	-28,400	123,900	5,300	8,700	-25,700	61,000	5,200	-13,500	4,200	54,800	11,600	1,700	-5,500	45,100	12,800	41,900	39,500	0
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	311	1,192	1,249	490	-1,476	-940	-3,039	-1,220	-1,411	-1,234	2,220	-2,185	-2,217	-2,315	1,351	385	1,582	3,506	284	-4,540	505	1,471	-878	1,608	-107	-1,871	235	2,610	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	401,660	241,223	286,105	-107,737	249,007	246,235	60,717	-107,315	194,638	111,693	73,487	-97,193	245,743	261,862	341,640	-90,848	166,176	205,745	5,895	-70,548	190,314	85,782	17,111	-65,675	119,279	126,950	100,966	-15,745	125,295	70,783	75,012	-46,177	158,487	94,578	2,898	-24,757	127,202	58,359	55,450	-32,389	70,531	111,072	35,076	-102,107	133,889	43,249	10,350	-40,955	80,667	44,700	35,365	-40,888	93,886	43,526	-5,517	-82,602	80,064	129,822	121,218	3,908	123,000	79,848	77,670	16,994	119,140	65,934	49,758	2,688	54,034	67,861	91,278	-23,564	42,282	66,210	26,317	-3,945	11,470	33,148	-1,415	-4,854	49,944	-4,211	4,312	-66,675	61,934	18,131	9,693	49,354	22,113	12,701	18,189	10,149	41,419	39,371	-9,356	3,304	20,300	17,100	-88,500	20,500	20,500	-17,600	-23,000	15,900	15,200	5,600	-9,500	4,500	4,900	2,500	16,200	2,100	16,400	3,100	-7,500	-5,800	41,800	-20,000	-18,800	-20,000
Investments	-27,259	-85,598	-23,029	-25,405	-17,902	-69,570	-39,375	-13,953	-1,595	-66,547	196	-31,764	-17,644	-48,898	-13,900	-14,421	-658	-46	84	-794	2	-1	-597	-2,804	-200	-200	-200	-200	-99	-99	-99	0	-99	0	0	0	-2,000	-275	-1,290	-300	-800	0	4,616	0	12,815	146	-89	0	-17,639	0	-28	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-143,474	-100,000	100,000	-183,875	169,148	-910	-979	-11,647	-1,025	-1,083	-1,145	-8,018	-23,536	-201,077	191,174	44,988	-30,005	-4,899	-4,853	-4,252	-4,154	-4,158	-4,172	-104,167	-4,163	-4,170	-4,147	-100,243	-4,559	215,266	-4,838	-4,925	-5,238	-4,723	-5,365	-4,823	-4,750	-4,728	-4,868	-53,443	249,528	-398	-392	-326	-345	-592	-755	-4,571	-370	-138	-163	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	211,517	169,746	140,595	111,473	126,300	105,772	100,664	73,386	101,668	99,740	97,348	84,945	79,781	61,186	-83,689	75,665	86,924	81,834	83,972	72,410	77,966	79,421	70,816	55,374	53,198	64,597	56,788	52,610	40,887	51,557	55,355	34,354	51,054	41,907	46,836	32,710	43,808	46,777	41,000	41,842	46,269	28,893	21,474	30,718	46,788	40,310	33,980	27,808	37,490	41,483	28,809	24,594	43,983	-177,640	28,556	22,417	40,001	40,477	45,228	37,371	60,287	48,635	43,954	29,328	50,330	38,336	26,150	11,992	40,207	22,553	16,861	7,013	19,332	30,864	7,933	1,913	10,579	15,466	1,445	5,717	2,624	6,468	8,273	3,256	21,344	19,479	14,828	7,251	17,442	15,291	11,622	5,657	14,523	11,478	9,158	4,930	11,700	8,600	5,400	6,900	6,900	5,700	3,700	800	3,200	3,200	1,900	300	1,900	1,900	9,300	-3,700	1,200	600	-5,700	-7,000	-88,500	-6,000	-3,600	-8,100
Other Cashflows From Financing Activities	-3,421	2,171	-1,623	93,302	-1,649	169,944	98,529	-5,749	-190	-4,669	-1,666	-4,486	-66	1,635	-1,955	496,855	46,581	415	-1,049	-3,798	-142	-2	-3,776	-3,267	-86	-739	-1,017	-2,637	-486	400,309	-1,464	-4,697	1,315	192	-4,280	-7,257	2,192	-1,091	258	5,596	356,209	23	795	-10	-1,184	-123	-3,450	4,191	-25,538	14	-924	1,265	202,893	185,734	-153	149,700	2,343	559	-259	1,011	1,362	-310	-1,383	-25,046	-72,581	300,372	5,131	514	3,349	155	2,636	11,958	-114	-70,019	-12,495	2,357	-47,792	7,958	943	-21,080	-55,817	28,068	-8	32,904	111,983	541	-50,907	49,319	605	-170	-169	-123	602	-17,557	15,649	-276	-10,100	-10,700	20,200	-3,700	-3,700	-10,100	-5,500	37,000	-8,300	3,900	-17,100	5,000	1,700	-16,100	-78,800	-600	-4,700	-2,100	2,000	-1,600	-13,600	17,000	8,800	17,000
Other Cashflows From Investing Activities	0	-77,726	-9,619	-2,251	-7,330	-84,181	-23,129	-2,452	-3,757	-111,532	-54,205	-23,560	-46,894	-40,669	16	-2,386	-217,121	-15,707	-32,564	-30,101	-46,048	-193	-22,155	-2,447	-22,610	496	-101	-80,994	109	341	-231,604	230	-24,912	-829	-178	1,571	4,101	12,393	1,686	2,052	-3,969	-447,583	-738	549	1,240	1,111	981	-20,875	1,556	26,760	-259,331	-42,255	0	0	0	0	0	0	0	0	2,462	0	0	0	5,494	0	0	0	1,661	1,262	1,203	965	4,413	3,038	0	0	10,061	12,732	1,170	1,079	7,430	521	0	330	1,819	987	360	280	1,925	1,066	1,131	1,162	2,765	34	34	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	9,933	-180	-3,847	162	10,863	-2,972	2,516	-226	3,962	1,314	5,371	-232	11	-1,247	235,919	2,656	-430	1,438	3,983	-705	2,072	-5,899	2,884	6,326	-3,232	2,527	2,716	544	-5,490	1,279	954	4,410	-8,858	3,998	2,444	6,105	-6,136	4,820	2,147	2,166	-7,156	-202	425	2,178	-9,023	-725	2,218	2,361	-7,578	1,231	-23,627	27,202	-15,488	4,540	-21,946	1,852	-6,849	5,760	6,095	2,172	-5,466	1,360	4,448	1,589	15,711	327	-1,258	-423	6,018	2,267	6,353	3,916	8,038	1,726	1,778	1,285	8,136	9,468	983	947	13,421	1,126	883	3,270	8,922	-50	854	1,617	3,866	10,573	12,368	4,460	12,953	7,676	7,172	4,276	11,300	-9,000	2,900	20,100	20,100	20,800	-27,300	-49,400	14,100	-4,500	-4,600	2,900	-2,100	-14,300	-19,100	9,600	15,900	-6,100	-8,600	5,200	211,500	-143,800	-12,100	-9,100
Sale Purchase Of Stock	-22,414	-98,530	-89,266	-16,033	-4,036	-202,256	-272,507	-181,810	-12,299	-45,217	-125,113	-12,917	-13,505	-99,048	1,590	-99,048	1,589	1,532	1,646	1,323	-125,440	-30,296	-26,023	-34,485	-2,222	-25,169	-10,874	-54,901	-59,416	-731	220,144	-34,074	-83,182	1,010	1,033	-21,148	-125,599	-58,063	-17,773	866	-21,072	250,387	-4,998	671	5,833	-2,723	-7,997	-13,192	-23,324	1,728	127	1,308	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-2,100	-2,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	3,036	3,168	3,448	4,087	2,803	2,859	3,025	3,438	2,640	2,617	2,657	3,193	2,641	2,550	2,669	3,291	2,546	2,615	2,668	3,557	2,528	9,394	-557	-716	70,564	3,578	1,872	-864	12,282	-1,319	4,781	-1,217	9,836	-868	-647	-955	5,248	-11,453	-1,542	-4,869	6,093	-913	-723	-418	6,472	-567	-209	-4,621	11,388	-9,492	25,268	-24,800	7,245	225,654	11,895	-3,909	23,401	1,294	-925	395	23,990	3,011	-542	414	-1,498	-8,266	3,710	1,537	-5,527	1,502	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-135,897	-149,787	-197,876	71,506	-197,520	-37,508	-281,577	-193,513	-32,329	-56,042	-133,147	-23,938	-24,313	-26,293	-207,420	86,119	37,077	-34,081	-10,435	-11,808	-132,959	-37,579	-37,213	-45,291	-109,846	-33,538	-19,472	-65,614	-163,770	-8,645	210,286	-47,300	-90,733	-7,964	-12,985	-37,791	-132,476	-67,835	-26,746	-2,893	-71,568	246,657	-7,955	-103	-17,526	-5,869	-14,747	-12,445	-29,521	231	-1,679	1,681	2,463	-5,371	335	-44,588	2,064	210	-1,014	433	-133	642	-890	-24,617	-70,517	302,845	10,168	1,250	5,861	2,540	1,851	6,246	-2,076	-67,487	-11,916	2,950	-47,217	8,320	1,239	-20,723	-55,495	28,490	843	33,272	113,093	638	-49,966	49,678	723	186	878	420	870	-17,426	15,649	-276	-100	-10,700	20,300	-5,800	-5,800	-9,900	-5,200	59,500	-8,200	4,000	-17,100	5,000	1,700	-16,100	-78,800	-600	-4,700	-2,100	2,000	-1,600	-13,600	17,000	8,800	17,000
Total Cash From Operating Activities	423,758	260,965	299,515	-84,583	259,579	257,205	76,963	-95,814	204,876	120,913	82,017	-88,989	259,532	270,091	355,556	-78,813	178,779	219,119	15,237	-57,435	205,119	98,542	26,437	-59,087	127,850	135,395	108,059	-5,170	135,637	81,139	84,946	-37,161	171,085	101,647	11,755	-17,821	137,663	69,354	63,956	-24,316	82,022	120,258	42,891	-95,102	142,408	53,593	21,536	-33,129	90,753	53,641	41,402	-36,371	99,275	49,627	-1,137	-79,113	86,917	133,846	126,496	11,853	135,323	88,953	85,974	24,776	126,281	70,447	53,929	8,364	60,596	71,316	94,987	-17,557	46,547	68,462	28,903	-603	17,830	34,808	4,290	-2,445	54,496	-39	8,179	-61,326	64,584	22,027	14,575	53,511	27,406	17,799	21,510	14,376	49,939	42,531	-7,455	6,421	23,100	21,800	-31,400	24,800	24,800	10,700	-19,800	19,600	17,500	7,900	-6,600	6,800	7,800	5,000	17,000	3,300	17,600	4,400	-7,200	-4,100	42,900	-17,200	-16,000	-17,200
Total Cashflows From Investing Activities	0	-134,032	-23,029	-25,405	-17,902	-69,570	-39,375	-13,953	-15,590	-66,547	-39,175	-31,764	-17,644	-48,898	-13,900	-14,421	-230,382	-29,127	-41,822	-44,008	-60,851	-12,954	-32,078	-11,839	-31,381	-7,949	-7,194	-91,569	-10,332	-10,015	-241,538	-8,786	-37,510	-7,898	-9,035	-5,365	-8,360	1,123	-8,110	-6,321	-16,260	-456,769	-3,937	-6,456	5,536	-9,087	-10,294	-28,701	-26,169	17,819	-265,396	-46,772	0	602	6,642	3,487	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Cost Of Revenue	10,493,534	9,472,526	8,401,843	7,401,679	7,818,743	6,925,178	6,539,987	6,513,662	5,774,247	5,517,719	5,604,100	5,540,325	4,879,510	4,401,741	4,723,042	5,898,591	5,224,330	4,453,359	4,214,783	4,300,978	4,052,192	3,485,417	3,028,031	3,086,286	2,584,000	1,976,500	1,760,500	1,500,600	1,436,700	1,591,900
Depreciation And Amortization	118,965	112,922	116,061	106,671	95,163	80,915	88,509	79,789	74,189	74,490	67,338	60,966	53,776	41,915	45,745	48,517	37,671	21,310	22,631	26,308	25,951	16,756	18,200	16,101	14,100	10,600	8,200	7,900	8,900	15,700
Discontinued Operations	0	0	0	0	0	-2,345	-857	-3,142	-60	-4,690	0	0	9,083	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	878,106	564,877	530,800	494,778	460,892	409,039	390,915	312,987	288,579	281,610	223,123	251,668	215,828	232,337	273,160	259,428	100,511	121,288	84,631	53,994	45,152	114,425	88,682	78,925	58,100	33,600	26,300	2,400	4,100	71,000
Ebitda	997,071	677,799	646,861	601,449	556,055	489,954	479,424	392,776	362,768	356,100	290,461	312,634	269,604	274,252	318,905	307,945	138,182	142,598	107,262	80,302	71,103	131,181	106,882	95,026	72,200	44,200	34,500	10,300	13,000	86,700
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	-2,345	38,486	-3,142	-60	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	2,089,339	1,603,594	1,501,737	1,395,382	1,355,868	1,205,453	1,147,012	1,037,862	944,479	907,246	813,058	806,354	733,949	719,544	824,900	886,651	702,822	567,677	499,764	446,902	482,454	482,634	391,823	373,918	310,000	233,900	190,400	168,700	152,000	172,100
Income Before Tax	872,853	558,750	529,303	252,326	450,889	395,028	318,749	296,494	278,823	281,645	202,651	244,248	201,352	-30,289	259,270	298,792	201,749	117,738	71,030	33,162	36,916	112,326	89,474	71,587	49,700	29,700	15,500	16,900	-9,900	-119,200
Income Tax Expense	239,524	152,628	145,602	119,383	125,749	109,106	90,699	111,199	106,256	103,528	75,297	95,362	76,764	52,395	96,193	116,588	77,706	30,484	9,738	-45	16,295	49,424	39,462	31,498	21,900	12,600	6,900	7,500	1,000	-300
Interest Expense	17,199	10,438	5,122	7,488	11,556	10,798	12,770	12,627	8,932	9,075	8,769	7,275	9,441	12,204	7,890	11,764	9,240	2,340	8,316	8,883	8,939	4,096	4,795	9,705	8,400	11,000	11,800	14,900	17,500	3,900
Interest Income	15,415	2,761	5,122	1,521	2,265	2,746	965	663	8,259	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-337	0	169	576	646	46	-3	218	221	4,763	3,562	2,302	2,845	4,007	2,321	1,931	2,051	4,201	4,515	3,814	1,905	1,114	0	0	0	0	0	0	0	0
Net Income	632,994	406,122	383,532	132,943	325,140	283,531	227,196	181,935	172,286	168,664	123,792	146,584	130,826	-86,691	160,756	182,204	126,808	86,634	60,042	33,207	20,621	62,902	50,012	40,089	27,800	12,300	7,600	9,400	-10,900	302,700
Net Income Applicable To Common Shares	0	406,122	383,532	132,943	325,140	283,531	227,196	181,935	172,286	173,354	123,792	146,584	130,826	-86,691	160,756	182,204	124,043	87,254	61,292	33,207	20,621	62,902	50,012	40,089	0	0	0	0	0	0
Net Income From Continuing Ops	548,114	406,122	383,701	132,943	325,140	285,922	228,050	185,295	172,567	178,117	127,354	148,886	124,588	-82,684	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-8,818	-10,438	-5,122	-7,488	-11,556	-10,798	-11,805	-11,964	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	2,761	949	1,521	2,265	2,746	965	663	673	842	1,128	1,556	1,820	10,601	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	234,964	1,523	3,213	59,396	3,866	824	2,639	11,703	145	5,035	250,422	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	878,106	564,877	530,800	494,778	460,892	403,083	330,554	308,458	287,082	289,878	210,292	249,967	210,793	-28,686	262,425	302,577	99,825	118,044	81,131	42,129	45,152	114,425	88,682	78,925	58,100	37,200	27,400	17,100	5,800	-22,200
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	11,704,767	10,511,243	9,372,780	8,305,263	8,712,196	7,724,335	7,297,049	7,239,200	6,430,820	6,144,197	6,195,163	6,096,567	5,397,631	4,899,549	5,279,517	6,479,054	5,826,984	4,901,370	4,631,666	4,697,477	4,489,494	3,853,626	3,331,172	3,381,279	2,835,900	2,173,200	1,923,500	1,652,200	1,582,900	1,786,200
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	115,757	108,611	112,436	106,671	92,087	80,915	88,509	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	1,160,302	1,038,717	970,937	903,584	893,453	799,157	757,062	725,538	656,573	626,478	591,063	556,242	518,121	497,808	556,475	582,317	502,654	448,011	416,883	399,338	437,302	368,209	303,141	278,892	237,800	186,100	154,800	143,700	137,300	178,600
Tax Provision	206,993	152,628	145,602	119,383	125,749	109,106	90,699	111,199	106,256	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	1,211,233	1,038,717	970,937	903,584	893,453	799,157	757,062	725,538	656,573	626,478	591,063	556,242	518,121	497,808	556,475	580,463	602,654	448,011	416,883	396,499	437,302	368,209	303,141	294,993	251,900	196,700	163,000	151,600	146,200	194,300
Total Other Income Expense Net	-5,253	-6,127	-1,497	-242,452	-10,003	-470	-59,396	-3,866	-824	9,110	-11,703	-145	-5,035	-242,522	-6,000	-1,757	-343	-1,622	-1,750	-3,591	-8,236	-2,099	792	-7,338	-8,400	3,600	1,100	14,700	1,700	-93,200
Total Revenue	12,582,873	11,076,120	9,903,580	8,797,061	9,174,611	8,130,631	7,686,999	7,551,524	6,718,726	6,424,965	6,417,158	6,346,679	5,613,459	5,121,285	5,547,942	6,785,242	5,927,152	5,021,036	4,714,547	4,747,880	4,534,646	3,968,051	3,419,854	3,460,204	2,894,000	2,210,400	1,950,900	1,669,300	1,588,700	1,764,000

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31
Cost Of Revenue	2,821,476	2,662,126	2,555,562	2,454,370	2,495,022	2,413,130	2,324,380	2,239,994	2,237,151	2,140,329	2,061,387	1,962,976	1,897,643	1,838,530	1,698,735	1,966,771	2,039,193	1,951,754	1,977,822	1,849,974	1,893,157	1,737,710	1,663,042	1,631,269	1,701,538	1,591,621	1,621,436	1,625,392	1,677,995	1,655,130	1,658,675	1,521,862	1,525,205	1,463,726	1,413,058	1,372,258	1,466,223	1,344,482	1,338,420	1,384,174	1,428,862	1,422,757	1,375,218	1,377,263	1,383,432	1,402,994	1,396,071	1,357,828	1,303,645	1,293,974	1,220,111	1,149,261	1,151,046	1,104,349	1,099,250	1,047,096	1,147,039	1,166,740	1,207,786	1,201,477	1,433,349	1,496,003	1,497,761	1,471,478	1,527,334	1,331,887	1,236,756	1,186,124	1,208,457	1,121,762	1,086,895	1,036,244	1,081,442	1,084,002	1,066,876	993,125	1,100,423	1,100,931	1,091,701	1,007,923	1,047,446	1,039,382	1,021,103	944,261	975,269	923,052	866,183	720,913	746,471	747,762	775,018	752,700	814,108	828,969	777,681	665,528	743,700	729,000	626,200	525,500	525,500	508,000	493,300	449,700	460,200	473,400	432,100	394,700	414,300	390,900	349,800	345,600	367,700	365,200	349,600	354,100	399,600	393,300	390,700	393,300
Depreciation And Amortization	31,186	30,286	28,995	28,224	1,023	28,521	27,102	28,298	30,025	29,141	28,116	26,990	27,025	27,022	26,110	26,514	25,175	22,352	22,365	22,195	20,748	19,582	20,206	20,379	21,954	21,944	22,240	22,371	19,994	20,519	20,474	18,802	18,992	18,304	18,670	18,223	18,782	18,747	18,590	18,371	20,114	17,642	15,091	14,491	16,053	15,215	15,202	14,496	14,970	15,213	11,987	11,606	11,411	10,136	10,263	10,105	11,594	11,177	11,216	11,758	11,841	12,151	12,602	11,923	16,582	9,444	5,199	6,446	6,118	4,876	5,196	5,120	6,847	5,031	5,508	5,245	8,090	5,942	6,345	5,931	7,681	6,172	5,399	6,699	5,279	4,172	3,928	3,377	4,979	4,467	4,418	4,336	4,696	4,130	3,826	3,449	3,800	3,700	3,700	2,900	0	0	0	0	0	0	0	0	-2,200	0	-12,500	0	-2,600	900	0	0	78,500	3,600	0	0
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,335	-523	-205	-282	-128	-207	-18	-504	-1,558	-406	-1,097	-81	679	-270	-114	-355	-4,079	-611	0	0	0	0	0	0	0	0	0	0	661	8,422	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	289,196	204,697	196,385	154,910	177,182	150,094	137,644	99,957	143,017	138,329	134,280	117,912	112,975	137,142	84,720	106,806	99,021	116,249	120,532	102,991	95,186	113,472	102,288	79,375	85,346	106,782	93,237	83,596	57,236	86,764	93,122	55,871	65,331	70,424	78,318	55,514	76,539	62,432	68,395	70,517	71,133	56,823	42,182	52,985	79,254	69,152	56,289	46,189	66,737	56,899	37,267	43,861	70,912	271,209	64,254	43,051	59,120	68,138	78,996	66,906	110,534	78,638	73,444	49,697	-13,394	54,915	44,156	19,117	45,865	37,762	25,334	12,327	31,243	329,961	15,758	7,870	28,005	16,137	4,511	5,341	7,386	13,535	16,637	7,594	39,112	35,858	26,924	12,531	30,440	26,235	22,905	10,846	27,276	22,523	18,580	10,547	22,900	18,100	12,000	5,100	11,400	10,200	6,700	1,500	6,400	5,400	3,200	500	6,500	3,500	4,100	-3,300	4,800	5,600	-5,400	-6,700	-9,600	-3,400	-6,000	-7,100
Ebitda	320,382	234,983	225,380	183,134	178,205	178,615	164,746	128,255	173,042	167,470	162,396	144,902	140,000	164,164	110,830	133,320	124,196	138,601	142,897	125,186	115,934	133,054	122,494	99,754	107,300	128,726	115,477	105,967	77,230	107,283	113,596	74,673	84,323	88,728	96,988	73,737	95,321	81,179	86,985	88,888	91,247	74,465	57,273	67,476	95,307	84,367	71,491	60,685	81,707	72,112	49,254	55,467	82,323	281,345	74,517	53,156	70,714	79,315	90,212	78,664	122,375	90,789	86,046	61,620	3,188	64,359	49,355	25,563	51,983	42,638	30,530	17,447	38,090	334,992	21,266	13,115	36,095	22,079	10,856	11,272	15,067	19,707	22,036	14,293	44,391	40,030	30,852	15,908	35,419	30,702	27,323	15,182	31,972	26,653	22,406	13,996	26,700	21,800	15,700	13,300	11,400	12,100	8,000	3,900	9,100	8,700	6,300	3,500	4,300	6,000	-8,400	500	2,200	6,500	-1,700	-2,900	68,900	200	-3,300	-7,800
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,235	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	617,745	545,472	490,060	436,062	454,800	413,231	383,008	352,555	403,042	381,343	376,279	341,073	383,851	363,184	315,286	333,061	364,747	335,987	346,380	308,754	336,151	309,339	290,844	269,119	311,101	295,070	274,501	266,340	271,969	268,044	274,741	223,108	252,621	235,402	239,527	216,929	248,573	222,229	219,635	215,211	234,075	206,310	181,535	191,138	228,449	203,248	193,964	180,693	214,317	188,267	179,816	162,970	205,101	172,928	176,399	165,116	211,612	205,245	214,884	193,159	247,169	224,346	225,211	189,925	240,299	168,911	169,476	132,223	171,447	147,872	133,528	114,833	156,444	431,413	113,406	100,083	129,247	114,980	101,512	101,163	124,204	118,206	123,275	116,769	143,799	129,233	120,216	89,386	117,693	100,867	94,488	84,855	116,156	92,599	89,169	75,994	103,100	81,700	70,300	79,500	79,500	58,000	52,200	44,200	59,300	48,600	43,500	39,100	52,100	41,600	37,900	37,100	49,500	38,700	31,900	31,900	50,900	42,300	42,800	42,300
Income Before Tax	291,747	234,609	193,693	152,804	174,001	147,925	136,987	99,837	142,747	137,043	132,964	116,549	136,985	135,122	-124,030	104,249	120,416	113,452	117,128	99,893	111,534	109,655	97,550	76,289	45,552	103,412	89,825	79,960	70,981	82,746	89,363	53,404	81,959	67,897	75,677	53,290	72,511	71,386	65,715	67,360	66,281	52,005	34,605	49,760	77,439	67,200	54,779	44,830	59,914	54,075	46,791	40,154	66,234	-176,926	40,475	39,928	55,070	66,101	74,046	64,053	100,008	77,571	72,474	48,739	82,420	56,150	44,873	20,451	43,958	36,318	25,152	12,309	29,099	26,577	12,532	3,023	18,068	19,298	2,491	-6,695	4,781	11,548	14,795	5,792	38,114	34,785	26,479	12,948	31,147	27,305	20,918	10,104	25,934	20,497	16,354	8,803	20,800	15,700	9,500	11,400	11,400	10,200	6,700	1,500	6,400	5,400	3,200	500	3,800	3,500	12,800	-3,300	1,400	900	-5,400	-6,700	-90,700	-7,100	-6,000	-7,100
Income Tax Expense	80,232	64,863	53,098	41,331	47,701	42,153	36,323	26,451	41,079	37,303	35,616	31,604	57,204	73,936	-40,341	28,584	33,492	31,618	33,156	27,483	32,233	29,711	26,529	20,633	-7,774	38,608	33,019	26,846	28,536	30,783	32,911	18,969	31,584	25,720	28,727	20,225	28,100	23,998	24,715	25,518	20,012	23,112	13,131	19,042	30,651	26,890	20,799	17,022	22,765	21,014	17,469	14,778	25,327	-2,362	11,919	17,511	15,069	25,624	28,818	26,682	39,721	28,936	28,520	19,411	32,336	19,067	18,723	8,459	3,751	13,765	8,291	4,676	9,627	-5,522	4,599	1,110	7,489	3,832	1,046	-12,412	2,157	5,080	6,522	2,536	16,770	15,306	11,651	5,697	13,705	12,014	9,296	4,447	11,411	9,018	7,196	3,873	9,100	7,100	4,100	4,500	4,500	4,400	3,000	700	3,200	2,200	1,300	200	1,900	1,600	3,600	400	200	300	300	300	-1,100	300	300	300
Interest Expense	12,585	90	2,692	1,832	4,204	3,194	1,751	1,289	2,106	1,286	1,316	1,363	1,406	1,484	2,110	2,488	2,824	2,678	3,231	2,823	2,787	3,588	3,457	2,996	3,306	3,324	3,069	3,071	3,654	3,479	3,118	2,376	2,282	2,226	2,208	2,216	2,188	2,397	2,242	2,248	2,791	2,352	1,764	1,862	1,815	1,807	1,510	1,359	2,887	2,824	2,325	2,746	2,849	3,179	3,053	3,123	2,250	1,947	1,900	1,793	10,526	1,067	970	958	96,060	2,488	717	1,334	1,907	1,444	182	638	2,284	304,619	3,226	4,847	9,937	3,161	2,020	12,036	2,605	1,987	1,842	1,802	998	1,073	445	417	707	1,070	1,987	742	1,342	2,026	2,226	1,744	2,100	2,400	2,500	1,900	0	1,900	1,300	7,200	2,700	3,300	4,100	3,000	2,700	2,500	8,700	3,800	3,400	4,700	3,700	3,800	333,200	4,400	0	0
Interest Income	0	90	2,692	1,832	4,204	3,194	1,751	1,289	1,157	1,286	1,316	1,363	1,406	1,484	2,110	2,488	2,824	2,678	3,231	2,823	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	2	-337	0	0	0	0	0	0	0	0	702	171	576	576	576	646	646	646	646	856	-2	48	850	850	-3	2,349	30	-30	211	26	-25	6	-12	385	-13	-139	1,342	1,753	1,087	581	348	2,203	460	551	378	729	532	663	825	725	513	782	931	1,061	1,415	600	818	491	409	603	673	905	277	76	5	932	710	404	734	828	-256	256	1,149	1,514	987	865	2,224	671	451	468	1,905	0	0	0	1,114	0	0	0	0	0	0	0	0	0	0	0	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	211,517	169,409	140,595	111,473	126,300	105,772	100,664	73,386	101,668	99,740	97,350	84,774	79,781	61,186	-83,689	75,665	86,924	81,834	83,972	72,410	77,968	79,373	70,816	55,374	53,201	64,597	56,758	52,640	40,676	51,531	55,380	34,348	51,066	41,522	46,849	32,849	42,466	45,024	39,913	41,261	45,921	26,690	21,014	30,167	46,410	39,581	33,448	27,145	36,665	40,758	28,809	24,594	39,976	-175,625	27,141	21,817	39,183	39,986	44,819	36,768	60,287	48,635	43,954	29,328	50,330	38,336	26,150	11,992	40,207	22,553	16,861	7,013	19,332	30,864	7,933	1,913	10,579	15,466	1,445	5,717	2,624	6,468	8,273	3,256	21,344	19,479	14,828	7,251	17,442	15,291	11,622	5,657	14,523	11,479	9,158	4,930	11,700	8,600	5,400	6,900	6,900	5,800	3,700	-4,000	3,200	3,200	900	300	1,900	1,900	9,200	-3,700	1,200	600	-5,700	-7,000	324,700	-8,100	-3,600	-8,100
Net Income Applicable To Common Shares	0	169,409	140,595	111,473	126,300	105,772	100,664	73,386	101,668	99,740	97,350	84,774	79,781	61,186	-83,689	75,665	86,924	81,834	83,972	72,410	77,968	79,373	70,816	55,374	53,201	64,597	56,758	52,640	40,676	51,531	55,380	34,348	51,066	41,522	46,849	32,849	43,069	45,024	39,913	41,261	45,921	26,690	21,014	30,167	46,410	39,581	33,448	27,145	36,665	40,758	28,809	24,594	41,661	-175,625	27,141	21,817	39,183	39,986	44,819	36,768	60,287	48,635	43,954	29,328	50,084	37,083	25,351	11,525	39,710	22,036	16,021	7,633	19,466	32,014	7,639	2,034	10,277	15,894	1,394	5,717	2,624	6,468	8,273	3,256	21,344	19,479	14,828	7,251	17,442	15,291	11,622	5,657	14,523	11,478	9,158	4,930	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	211,515	169,746	140,595	111,473	126,300	105,772	100,664	73,386	101,668	99,740	97,348	84,945	79,781	61,186	-83,689	75,665	86,924	81,834	83,972	72,410	79,301	79,944	71,021	55,656	53,326	64,804	56,806	53,114	42,445	51,963	56,452	34,435	50,375	42,177	46,950	33,065	47,887	47,388	41,000	41,842	46,269	28,893	21,474	30,718	46,788	40,310	33,980	27,808	36,829	33,061	29,322	25,376	0	-174,564	52,394	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,830	-90	-2,692	-1,832	-4,204	-3,194	-1,751	-1,289	-1,157	-1,286	-1,316	-1,363	-1,406	-1,484	-2,110	-2,488	-2,824	-2,678	-3,231	-2,823	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	2,761	0	0	0	949	0	0	0	0	0	0	0	2,265	0	0	0	716	852	634	544	358	277	73	257	145	161	192	165	158	157	182	176	201	186	221	234	266	235	270	357	391	381	368	416	354	412	492	562	0	642	8,580	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	536	-232,750	69	956	119	173	275	1,613	229	1,281	90	58,442	46	343	565	2,595	539	641	91	82	301	433	8	894	398	438	909	2,061	2,466	5,813	1,363	0	145	0	0	3,936	0	138	961	0	227,867	20,726	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	289,196	234,983	196,667	154,910	177,182	150,094	137,644	99,957	143,017	137,421	133,358	117,004	137,622	135,855	-122,638	105,995	122,874	115,749	119,959	102,310	113,647	111,776	99,656	78,741	48,500	106,459	92,821	82,774	74,490	86,064	92,289	55,615	84,083	69,966	77,703	55,330	74,498	73,597	67,736	69,374	68,806	54,122	36,099	51,265	78,863	68,626	56,289	46,189	62,424	56,487	49,116	42,338	68,436	-174,389	34,948	42,319	56,001	67,260	74,860	64,304	100,940	78,638	73,330	49,669	-13,894	54,915	44,156	18,931	43,829	36,554	25,334	12,327	31,199	29,449	15,156	5,528	23,329	19,586	4,231	-5,017	7,386	13,535	16,637	7,594	39,112	35,858	26,924	12,531	30,440	26,235	21,161	10,846	27,276	22,523	18,580	10,547	22,900	18,100	12,000	13,300	13,300	12,100	8,000	3,900	9,100	8,700	6,300	3,500	6,500	6,000	4,100	500	4,800	5,600	-1,700	-2,900	-9,600	-3,400	-2,200	-3,400
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	3,150,025	2,970,265	2,848,955	2,735,522	2,772,640	2,676,267	2,569,744	2,492,592	2,497,176	2,384,251	2,304,308	2,187,045	2,142,263	2,065,323	1,903,909	2,193,768	2,280,110	2,171,873	2,204,070	2,056,143	2,114,048	1,935,044	1,852,949	1,821,557	1,905,697	1,780,186	1,802,773	1,808,393	1,872,879	1,836,571	1,840,486	1,689,264	1,693,661	1,628,861	1,574,449	1,533,849	1,638,458	1,504,465	1,489,881	1,529,102	1,592,070	1,572,479	1,514,841	1,515,773	1,533,018	1,537,471	1,533,746	1,492,332	1,451,602	1,425,754	1,350,673	1,268,932	1,285,882	1,223,799	1,219,975	1,169,893	1,300,850	1,304,635	1,344,760	1,329,272	1,577,892	1,641,711	1,649,585	1,611,720	1,781,277	1,445,883	1,362,076	1,299,323	1,335,057	1,232,476	1,195,089	1,138,750	1,206,665	1,185,710	1,164,825	1,086,509	1,204,003	1,195,708	1,188,842	1,108,924	1,164,264	1,144,053	1,127,741	1,053,436	1,079,956	1,016,427	959,475	797,768	833,724	822,394	846,601	826,709	902,988	899,045	848,270	730,975	823,900	792,600	684,500	591,700	591,700	553,900	537,500	490,000	510,400	513,300	469,300	430,300	459,900	426,500	383,600	382,200	412,400	398,300	383,200	388,900	460,100	439,000	435,700	439,000
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	31,186	30,286	28,995	28,498	27,978	27,496	26,008	27,129	28,189	29,141	28,116	26,990	27,025	27,022	26,110	26,514	25,175	22,352	22,365	22,195	20,748	19,582	20,206	20,379	21,954	21,944	22,240	22,371	19,994	20,519	20,474	18,802	18,992	18,304	18,670	18,223	18,782	18,747	18,590	18,371	20,114	17,642	15,091	14,491	16,053	15,215	15,202	14,496	14,970	15,213	11,987	11,606	11,411	10,136	10,263	10,105	11,594	11,177	11,216	11,758	11,841	12,151	12,602	11,923	16,582	9,444	5,199	6,446	6,118	4,876	5,196	5,120	6,847	5,031	5,508	5,245	8,090	5,942	6,345	5,931	7,681	6,172	5,399	6,699	5,279	4,172	3,928	3,377	4,979	4,467	4,418	4,336	4,696	4,130	3,826	3,449	3,800	3,700	3,700	2,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	717	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	328,549	308,139	293,393	281,152	277,618	263,137	245,364	252,598	260,025	243,922	242,921	224,069	244,620	226,793	205,174	226,997	240,917	220,119	226,248	206,169	220,891	197,334	189,190	190,288	204,159	188,565	181,337	183,001	194,884	181,441	181,811	167,402	168,456	165,135	161,391	161,591	172,235	159,983	151,461	144,928	163,208	149,722	139,623	138,510	149,586	134,477	137,675	134,504	147,957	131,780	130,562	119,671	134,836	119,450	120,725	122,797	153,811	137,895	136,974	127,795	144,543	145,708	151,824	140,242	153,943	113,996	125,320	113,199	126,600	110,714	108,194	102,506	125,223	101,708	97,949	93,384	103,580	97,616	97,141	101,001	116,818	104,671	106,638	109,175	104,687	93,375	93,292	76,855	87,253	74,632	71,583	69,673	84,184	65,946	66,763	61,998	76,400	59,900	54,600	55,600	55,600	45,900	44,200	40,300	42,000	39,900	37,200	35,600	37,700	35,600	33,800	36,600	35,800	33,100	33,600	34,800	44,800	43,100	0	0
Tax Provision	80,232	64,863	53,098	41,331	47,701	42,153	36,323	26,451	41,079	37,303	35,616	31,604	57,204	73,936	-40,341	28,584	33,492	31,618	33,156	27,483	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	328,549	308,139	293,393	281,152	277,618	263,137	245,364	252,598	260,025	243,922	242,921	224,069	244,620	226,793	205,174	226,997	240,917	220,119	226,248	206,169	220,891	197,334	189,907	190,288	204,159	188,565	181,337	183,001	194,884	181,441	181,811	167,402	168,456	165,135	161,391	161,591	172,235	159,983	151,461	144,928	163,208	149,722	139,623	138,510	149,586	134,477	137,675	134,504	147,957	131,780	130,562	119,671	134,836	119,450	120,725	122,797	153,811	137,895	136,974	127,795	144,543	145,708	151,824	140,242	253,943	113,996	125,320	113,199	126,600	110,714	108,194	102,506	125,223	101,708	97,949	93,384	103,580	94,777	97,141	101,001	116,818	104,671	106,638	109,175	104,687	93,375	93,292	76,855	87,253	74,632	71,583	74,009	88,880	70,076	70,589	65,447	80,200	63,600	58,300	66,200	66,200	45,900	44,200	40,300	50,200	39,900	37,200	35,600	45,600	35,600	33,800	36,600	44,700	33,100	33,600	34,800	60,500	45,700	45,000	45,700
Total Other Income Expense Net	2,551	-374	-282	-2,106	-3,181	-2,169	-657	-120	-270	908	922	908	-840	215	-232,032	673	-590	262	227	131	-939	386	-564	-90	-58,442	-46	-343	-565	-2,595	-539	-641	-91	-82	-301	-433	-8	-1,840	11,351	-438	-909	-2,061	-2,466	-5,813	-1,363	-1,424	-145	-1,510	-1,359	-3,936	-2,412	-138	-961	-1,829	-227,867	-12,826	-2,391	-1,800	-90	-3,050	-1,060	-1,686	-1,067	-57	-14	-250	1,235	717	-93	-1,018	-604	-182	-18	-22	-256	-301	-1,171	-2,338	4,066	-140	-5,179	-2,605	-1,987	-1,842	-1,802	-998	-1,073	-445	417	707	1,070	-243	-742	-1,342	-2,026	-2,226	-1,744	-2,100	-2,400	-2,500	-1,900	-1,900	-1,900	-1,300	-2,400	-2,700	-3,300	-3,100	-3,000	2,200	-2,500	12,500	-3,800	2,600	-900	-3,700	-3,800	-78,500	-3,600	-3,800	-3,700
Total Revenue	3,439,221	3,207,598	3,045,622	2,890,432	2,949,822	2,826,361	2,707,388	2,592,549	2,640,193	2,521,672	2,437,666	2,304,049	2,281,494	2,201,714	2,014,021	2,299,832	2,403,940	2,287,741	2,324,202	2,158,728	2,229,308	2,047,049	1,953,886	1,900,388	2,012,639	1,886,691	1,895,937	1,891,732	1,949,964	1,923,174	1,933,416	1,744,970	1,777,826	1,699,128	1,652,585	1,589,187	1,714,796	1,566,711	1,558,055	1,599,385	1,662,937	1,629,067	1,556,753	1,568,401	1,611,881	1,606,242	1,590,035	1,538,521	1,517,962	1,482,241	1,399,927	1,312,231	1,356,147	1,277,277	1,275,649	1,212,212	1,358,651	1,371,985	1,422,670	1,394,636	1,680,518	1,720,349	1,722,972	1,661,403	1,767,633	1,500,798	1,406,232	1,318,347	1,379,904	1,269,634	1,220,423	1,151,077	1,237,886	1,515,415	1,180,282	1,093,208	1,229,670	1,215,911	1,193,213	1,109,086	1,171,650	1,157,588	1,144,378	1,061,030	1,119,068	1,052,285	986,399	810,299	864,164	848,629	869,506	837,555	930,264	921,568	866,850	741,522	846,800	810,700	696,500	605,000	605,000	566,000	545,500	493,900	519,500	522,000	475,600	433,800	466,400	432,500	387,700	382,700	417,200	403,900	381,500	386,000	450,500	435,600	433,500	435,600

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

Gross Profit (+$)
totalRevenue	12,582,873
Cost of Revenue	-10,493,534
Gross Profit	2,089,339	2,089,339

Operating Income (+$)
Gross Profit	2,089,339
Operating Expense	-1,211,233
Operating Income	878,106	878,106

Operating Expense (+$)
Research Development	0
Selling General Administrative	1,160,302
Selling And Marketing Expenses	0
Operating Expense	1,211,233	1,160,302

Net Interest Income (+$)
Interest Income	15,415
Interest Expense	-17,199
Other Finance Cost	-7,034
Net Interest Income	-8,818

Pretax Income (+$)
Operating Income	878,106
Net Interest Income	-8,818
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	872,853	883,359 EBIT - interestExpense = 860,907 872,518 650,193
Interest Expense	17,199
Earnings Before Interest and Taxes (EBIT)	878,106	890,052
Earnings Before Interest and Taxes (EBITDA)	997,071

After tax Income (+$)
Income Before Tax	872,853
Tax Provision	-206,993
Net Income From Continuing Ops	548,114	665,860
Net Income	632,994
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	11,704,767
Total Other Income/Expenses Net	-5,253	8,818

Technical Analysis of EMCOR Group Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of EMCOR Group Inc. The general trend of EMCOR Group Inc is BULLISH with 100.0% 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 EMCOR Group Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (100.0%)		Bearish trend (-100.0%)
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 EMCOR Group Inc.

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

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

The bullish price targets are: 356.88.

The bearish price targets are: 327.38 > 324.78 > 316.19.

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EMCOR Group Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of EMCOR Group Inc. The current mas is .

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

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

EMCOR Group Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of EMCOR Group Inc. The current macd is 3.83386788.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-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 EMCOR Group Inc price going down in the near term. -2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for EMCOR Group Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the EMCOR Group Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +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

EMCOR Group Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of EMCOR Group Inc. The current adx is 33.95.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy EMCOR Group Inc shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2

EMCOR Group Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of EMCOR Group Inc. The current sar is 328.06.

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

EMCOR Group Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of EMCOR Group Inc. The current rsi is 62.32. The current phase is Continuation in bull market.

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

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing 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.

EMCOR Group Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of EMCOR Group Inc. The current phase is Continuation in bull market.

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

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

EMCOR Group Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of EMCOR Group Inc. The current cci is 18.89.

EMCOR Group Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of EMCOR Group Inc. The current cmo is 27.15.

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

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

EMCOR Group Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of EMCOR Group Inc. The current willr is -28.55687023.

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

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 EMCOR Group Inc.

EMCOR Group Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of EMCOR Group Inc. The current atr is 9.48366484.

EMCOR Group Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of EMCOR Group Inc. The current obv is 21,243,241.

EMCOR Group Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of EMCOR Group Inc. The current mfi is 43.50.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

EMCOR Group Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for EMCOR Group Inc.

6.2. Trading Signals

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

Date	Indicator	Signal
2023-12-05	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).
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-08	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-12	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-13	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2023-12-14	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-20	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-21	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-29	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.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-03	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-01-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-08	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-09	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-10	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-11	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-16	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-18	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-19	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-29	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-30	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-07	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-23	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-02-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-29	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-11	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-15	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-25	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-04-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-04-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-09	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-15	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-17	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-24	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-25	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	62.319
Ma 20	Greater than	Ma 50	348.718
Ma 50	Greater than	Ma 100	326.809
Ma 100	Greater than	Ma 200	274.470
Open	Greater than	Close	345.590
Total			4/5 (80.0%)

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Quick analysis of EMCOR Group Inc (30 sec.)

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

How much money do you get?

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1. Valuation of EMCOR Group Inc (5 min.)

$354.02

$52.20

$157.50 - $318.21

$209.70 - $370.41

2. Growth of EMCOR Group Inc (5 min.)

Is EMCOR Group Inc growing?

How much money is EMCOR Group Inc making?

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

3. Financial Health of EMCOR Group Inc (5 min.)

4. Comparing to competitors in the Engineering & Construction industry (5 min.)

Industry Rankings (Engineering & Construction)

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

What can you expect buying and holding a share of EMCOR Group Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

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Linear %

Fundamentals of EMCOR Group Inc

About EMCOR Group Inc

Financial Health

Valuation

1.1. Profitability of EMCOR Group Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Engineering & Construction)

1.1.2. Return on Assets

Trends

Compared to industry (Engineering & Construction)

1.1.3. Return on Equity

Trends

Compared to industry (Engineering & Construction)

1.2. Operating Efficiency of EMCOR Group Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Engineering & Construction)

1.2.2. Operating Ratio

Trends

Compared to industry (Engineering & Construction)

1.3. Liquidity of EMCOR Group Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Engineering & Construction)

1.3.2. Quick Ratio

Trends

Compared to industry (Engineering & Construction)

1.4. Solvency of EMCOR Group Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Engineering & Construction)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Engineering & Construction)

2. Market Valuation of EMCOR Group Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Engineering & Construction)

EMCOR Group Inc
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