Equity Commonwealth
Buy, Hold or Sell?

Let's analyse Equity Commonwealth together

Penke I guess you are interested in Equity Commonwealth. 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 Equity Commonwealth. 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.

Get notifications about Equity Commonwealth

I send you an email if I find something interesting about Equity Commonwealth.

Quick analysis of Equity Commonwealth (30 sec.)

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

How much money do you get?

$4.28

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$22.13

Expected worth in 1 year

$18.86

How sure are you?

57.5%

+ What do you gain per year?

Total Gains per Share

$1.01

Return On Investment

5.4%

For what price can you sell your share?

Current Price per Share

$18.66

Expected price per share

$18.12 - $19.09

How sure are you?

50%

1. Valuation of Equity Commonwealth (5 min.)

Live pricePrice per Share (EOD)

$18.66

Book Value per Share

$22.13

Intrinsic Value Per Share

$3.65 - $24.78

Total Value Per Share

$25.77 - $46.91

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.22) 3Y: ($0.15) TTM: ($0.27)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($0.03) TTM: ($0.01)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.56	$1.10	$0.57 - $1.28
2	$1.06	$2.56	$0.55 - $1.69
3	$1.52	$4.36	$0.52 - $2.10
4	$1.93	$6.48	$0.50 - $2.51
5	$2.30	$8.90	$0.48 - $2.92
6	$2.63	$11.59	$0.45 - $3.33
7	$2.93	$14.54	$0.43 - $3.75
8	$3.20	$17.73	$0.41 - $4.16
9	$3.44	$21.15	$0.38 - $4.57
10	$3.65	$24.78	$0.36 - $4.98

2. Growth of Equity Commonwealth (5 min.)

Is Equity Commonwealth growing?

	Current year	Previous year	Grow	Grow %
How rich?	$2.3b	$2.8b	-$516.7m	-21.7%

How much money is Equity Commonwealth making?

	Current year	Previous year	Grow	Grow %
Making money	$22.7m	$8.8m	$13.9m	61.3%
Net Profit Margin	150.2%	56.5%	-	-

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

Quarterly Yearly

3. Financial Health of Equity Commonwealth (5 min.)

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

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

What can you expect buying and holding a share of Equity Commonwealth?

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

Speculation

The Price per Share of Equity Commonwealth is $18.66. 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 Equity Commonwealth.
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 Equity Commonwealth, 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 $22.13. Based on the TTM, the Book Value Change Per Share is $-0.82 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.05 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $1.07 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.25	1.3%	0.19	1.0%	0.07	0.4%	0.41	2.2%	0.31	1.7%
Usd Book Value Change Per Share	0.70	3.7%	-0.82	-4.4%	-0.05	-0.3%	-0.18	-1.0%	-0.16	-0.8%
Usd Dividend Per Share	0.02	0.1%	1.07	5.7%	0.27	1.4%	0.63	3.4%	0.41	2.2%
Usd Total Gains Per Share	0.71	3.8%	0.25	1.3%	0.22	1.2%	0.45	2.4%	0.25	1.4%
Usd Price Per Share	19.20	-	19.64	-	26.27	-	26.98	-	27.92	-
Price to Earnings Ratio	19.53	-	27.30	-	-45.53	-	-63.91	-	-16.50	-
Price-to-Total Gains Ratio	26.91	-	-14.20	-	-25.01	-	-86.67	-	41.66	-
Price to Book Ratio	0.87	-	0.91	-	1.02	-	1.04	-	1.07	-
Price-to-Total Gains Ratio	26.91	-	-14.20	-	-25.01	-	-86.67	-	41.66	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	18.66
Number of shares	53

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	1.07	0.63
Usd Book Value Change Per Share	-0.82	-0.18
Usd Total Gains Per Share	0.25	0.45
Gains per Quarter (53 shares)	13.34	23.61
Gains per Year (53 shares)	53.38	94.44

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	227	-173	43	133	-39	84
2	454	-347	96	267	-78	178
3	680	-520	149	400	-117	272
4	907	-694	202	534	-156	366
5	1134	-867	255	667	-195	460
6	1361	-1041	308	801	-234	554
7	1588	-1214	361	934	-273	648
8	1814	-1387	414	1068	-312	742
9	2041	-1561	467	1201	-351	836
10	2268	-1734	520	1334	-390	930

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%	7.0	5.0	0.0	58.3%	13.0	7.0	0.0	65.0%	29.0	11.0	0.0	72.5%	123.0	17.0	0.0	87.9%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	4.0	8.0	0.0	33.3%	10.0	10.0	0.0	50.0%	20.0	20.0	0.0	50.0%	65.0	75.0	0.0	46.4%
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%	140.0	0.0	0.0	100.0%
Total Gains per Share	3.0	1.0	0.0	75.0%	5.0	7.0	0.0	41.7%	11.0	9.0	0.0	55.0%	23.0	17.0	0.0	57.5%	112.0	28.0	0.0	80.0%

Fundamentals of Equity Commonwealth

About Equity Commonwealth

https://www.eqcre.com
22
Two North Riverside Plaza, Chicago, IL, United States, 60606-2621
Google Maps Bing Maps

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.

Fundamental data was last updated by Penke on 2024-04-13 13:23:04.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Equity Commonwealth.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Equity Commonwealth to the REIT - Office industry mean.
A Net Profit Margin of 175.3% means that $1.75 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Equity Commonwealth:

The MRQ is 175.3%. The company is making a huge profit. +2
The TTM is 150.2%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	175.3%	TTM	150.2%	+25.0%
TTM	150.2%	YOY	56.5%	+93.7%
TTM	150.2%	5Y	225.8%	-75.5%
5Y	225.8%	10Y	128.4%	+97.4%

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

Revenue is the amount of profit Equity Commonwealth 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 Equity Commonwealth 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 Equity Commonwealth to the REIT - Office industry mean.
Can be used to compare companies within the REIT - Office industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Equity Commonwealth. If profit margins remain low (compared to the REIT - Office 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 Equity Commonwealth is 1.75. This means that Equity Commonwealth earned $1.75 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 REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Equity Commonwealth is performing over time. The most recent quarter might be important if Equity Commonwealth 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 Equity Commonwealth 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 Equity Commonwealth with other companies in the same industry (REIT - Office).
Net profit margin should rise over the years.
Can be influenced when Equity Commonwealth sells assets (profit will increase while costs remain the same).
It won’t show what part of Equity Commonwealth 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 Equity Commonwealth

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 Equity Commonwealth = 26,549
Total revenue MRQ Equity Commonwealth = 15,146
$26,549 / $15,146 = 1.75 or 175.3%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Equity Commonwealth is using its assets to generate profit.

Above 5% is considered healthy but always compare Equity Commonwealth to the REIT - Office industry mean.
1.1% Return on Assets means that Equity Commonwealth generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Equity Commonwealth:

The MRQ is 1.1%. Using its assets, the company is less efficient in making profit.
The TTM is 0.9%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.1%	TTM	0.9%	+0.1%
TTM	0.9%	YOY	0.3%	+0.6%
TTM	0.9%	5Y	1.5%	-0.6%
5Y	1.5%	10Y	1.0%	+0.5%

Shows how efficient Equity Commonwealth 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 Equity Commonwealth to the REIT - Office 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 Equity Commonwealth is using its resources to generate profit. If the return on assets (1.1%) from Equity Commonwealth are higher than the REIT - Office mean () that means Equity Commonwealth 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 Equity Commonwealth is 1.1%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Equity Commonwealth is performing over time. The most recent quarter might be important if Equity Commonwealth 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 Equity Commonwealth 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 Equity Commonwealth

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

Income statement
Balance sheet

Net income MRQ (income statement) from Equity Commonwealth = 26,549
Total assets MRQ (balance sheet) from Equity Commonwealth = 2,425,041
26,549 / 2,425,041 = 0.01 or 1.1%

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

Above 15%-20% is considered healthy but always compare Equity Commonwealth to the REIT - Office industry mean.
1.1% Return on Equity means Equity Commonwealth generated $0.01 for each $1 the owners (shareholders) invested.

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

The MRQ is 1.1%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 1.0%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.1%	TTM	1.0%	+0.2%
TTM	1.0%	YOY	0.3%	+0.7%
TTM	1.0%	5Y	1.6%	-0.6%
5Y	1.6%	10Y	1.2%	+0.4%

Shows how efficient Equity Commonwealth 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 Equity Commonwealth to the REIT - Office 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 REIT - Office 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 Equity Commonwealth is 1.1%. This means Equity Commonwealth generated $0.01 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Equity Commonwealth is performing over time. The most recent quarter might be important if Equity Commonwealth 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 Equity Commonwealth up to 10 years back (depending if Equity Commonwealth 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 Equity Commonwealth

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Equity Commonwealth = 26,549
Shareholders equity (balance sheet) MRQ Equity Commonwealth = 2,385,067
26,549 / 2,385,067 = 0.01 or 1.1%

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 Equity Commonwealth.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Equity Commonwealth is operating .

Measures how much profit Equity Commonwealth 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 Equity Commonwealth to the REIT - Office industry mean.
An Operating Margin of -20.4% means the company generated $-0.20 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Equity Commonwealth:

The MRQ is -20.4%. The company is operating very inefficient. -2
The TTM is 8.9%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	-20.4%	TTM	8.9%	-29.2%
TTM	8.9%	YOY	-15.0%	+23.9%
TTM	8.9%	5Y	8.6%	+0.2%
5Y	8.6%	10Y	16.8%	-8.2%

Measures how efficient Equity Commonwealth 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 Equity Commonwealth to the REIT - Office 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 Equity Commonwealth 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 Equity Commonwealth is -20.4%. This means that Equity Commonwealth earned $-0.20 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Equity Commonwealth is performing over time. The most recent quarter might be important if Equity Commonwealth 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 Equity Commonwealth 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 Equity Commonwealth

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Equity Commonwealth = 24,208
Total revenue MRQ Equity Commonwealth = 15,146
$24,208 / $15,146 = -0.20 or -20.4%

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 Equity Commonwealth is keeping operating costs low.

Below 1 is considered healthy (always compare to REIT - Office industry mean).
An Operation Ratio of 1.20 means that the operating costs are $1.20 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Equity Commonwealth:

The MRQ is 1.204. The company is inefficient in keeping operating costs low. -1
The TTM is 1.284. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	1.204	TTM	1.284	-0.080
TTM	1.284	YOY	1.149	+0.135
TTM	1.284	5Y	1.189	+0.095
5Y	1.189	10Y	1.008	+0.181

Measures how efficient Equity Commonwealth 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 Equity Commonwealth to the REIT - Office 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 Equity Commonwealth is 120.4%. This means that Equity Commonwealth earned $1.20 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 REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Equity Commonwealth is performing over time. The most recent quarter might be important if Equity Commonwealth 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 Equity Commonwealth 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 Equity Commonwealth

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
(6,542 +11,688) \ 15,146 = 1.20

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 Equity Commonwealth.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to REIT - Office industry mean).
A Current Ratio of 62.31 means the company has $62.31 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Equity Commonwealth:

The MRQ is 62.307. The company is very able to pay all its short-term debts. +2
The TTM is 68.345. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	62.307	TTM	68.345	-6.037
TTM	68.345	YOY	90.284	-21.940
TTM	68.345	5Y	78.247	-9.902
5Y	78.247	10Y	48.754	+29.493

Measures if Equity Commonwealth 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 REIT - Office 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 Equity Commonwealth 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 Equity Commonwealth is 62.31. This means Equity Commonwealth has $62.31 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Equity Commonwealth is performing over time. The most recent quarter might be important if Equity Commonwealth 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 Equity Commonwealth 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 Equity Commonwealth

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
2,176,272 \ 34,928) = 62.31

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

Above 1 is considered healthy but always compare Equity Commonwealth to the REIT - Office industry mean.
A Quick Ratio of 62.31 means the company can pay off $62.31 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Equity Commonwealth:

The MRQ is 62.307. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 68.345. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	62.307	TTM	68.345	-6.037
TTM	68.345	YOY	90.284	-21.940
TTM	68.345	5Y	78.144	-9.799
5Y	78.144	10Y	48.977	+29.167

Measures if Equity Commonwealth 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 Equity Commonwealth to the REIT - Office 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 Equity Commonwealth can pay off its short term debts. This shows if Equity Commonwealth 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 Equity Commonwealth is 62.31. This means that Equity Commonwealth can pay off $62.31 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Equity Commonwealth is performing over time. The most recent quarter might be important if Equity Commonwealth 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 Equity Commonwealth 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 Equity Commonwealth

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 Equity Commonwealth: (2,160,535 + 0 +15,737) / 34,928 = 62.31

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 Equity Commonwealth.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Equity Commonwealth assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Equity Commonwealth to REIT - Office industry mean.
A Debt to Asset Ratio of 0.01 means that Equity Commonwealth assets are financed with 1.4% credit (debt) and the remaining percentage (100% - 1.4%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Equity Commonwealth:

The MRQ is 0.014. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.013. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.014	TTM	0.013	+0.001
TTM	0.013	YOY	0.018	-0.005
TTM	0.013	5Y	0.029	-0.016
5Y	0.029	10Y	0.170	-0.140

Measures how much % of Equity Commonwealth assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Equity Commonwealth to REIT - Office 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 Equity Commonwealth is 0.01. This means means that Equity Commonwealth is financed with 1.4% 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 REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Equity Commonwealth is performing over time. The most recent quarter might be important if Equity Commonwealth 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 Equity Commonwealth 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 Equity Commonwealth has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Equity Commonwealth

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

Balance sheet
Debt to asset ratio = total debt \ total assets
34,928 \ 2,425,041 = 1.4% or 0.01.

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

Below 2 is considered healthy but always compare Equity Commonwealth to the REIT - Office industry mean.
A Debt to Equity ratio of 1.5% means that company has $0.01 debt for each $1 in shareholders equity.

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

The MRQ is 0.015. The company is very able to pay all its debts with equity. +2
The TTM is 0.013. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.015	TTM	0.013	+0.001
TTM	0.013	YOY	0.019	-0.005
TTM	0.013	5Y	0.032	-0.019
5Y	0.032	10Y	0.262	-0.230

Measures if Equity Commonwealth 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 Equity Commonwealth 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 Equity Commonwealth is 0.01. This means that Equity Commonwealth can pay off $0.01 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Equity Commonwealth is performing over time. The most recent quarter might be important if Equity Commonwealth 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 Equity Commonwealth 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 Equity Commonwealth

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
34,928 \ 2,385,067 = 0.01 or 1.5%

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 Equity Commonwealth

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 Equity Commonwealth generates.

Above 15 is considered overpriced but always compare Equity Commonwealth to the REIT - Office industry mean.
A PE ratio of 19.53 means the investor is paying $19.53 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Equity Commonwealth:

The EOD is 18.980. Based on the earnings, the company is fair priced.
The MRQ is 19.529. Based on the earnings, the company is fair priced.
The TTM is 27.302. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	18.980	MRQ	19.529	-0.549
MRQ	19.529	TTM	27.302	-7.774
TTM	27.302	YOY	-45.533	+72.836
TTM	27.302	5Y	-63.912	+91.214
5Y	-63.912	10Y	-16.496	-47.416

Measures how much money you pay for each share for every $1 in earnings Equity Commonwealth 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 Equity Commonwealth to the REIT - Office 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 Equity Commonwealth is 19.53. This means the investor is paying $19.53 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the REIT - Office industry is .
What is the trend?
The trend is important because it shows you how Equity Commonwealth is performing over time. The most recent quarter might be important if Equity Commonwealth 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 Equity Commonwealth 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 Equity Commonwealth

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 \ 108,015 = EPS
PE ratio MRQ = 19.53

* 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 Equity Commonwealth:

The EOD is 14.502. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 14.921. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 18.723. Based on how much money comes from the company's main activities, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	14.502	MRQ	14.921	-0.420
MRQ	14.921	TTM	18.723	-3.801
TTM	18.723	YOY	105.042	-86.319
TTM	18.723	5Y	138.501	-119.779
5Y	138.501	10Y	6.801	+131.700

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to REIT - Office industry mean).
A PB ratio of 0.87 means the investor is paying $0.87 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Equity Commonwealth:

The EOD is 0.843. Based on the equity, the company is cheap. +2
The MRQ is 0.868. Based on the equity, the company is cheap. +2
The TTM is 0.910. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.843	MRQ	0.868	-0.024
MRQ	0.868	TTM	0.910	-0.042
TTM	0.910	YOY	1.022	-0.112
TTM	0.910	5Y	1.044	-0.134
5Y	1.044	10Y	1.069	-0.026

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Equity Commonwealth

Institutions are holding 97.768% of the shares of Equity Commonwealth.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	15.1364	0.0068	16194679	-293781	-1.7817
2023-12-31	BlackRock Inc	10.0123	0.0052	10712280	2481340	30.1465
2023-12-31	Mariner Value Strategies, LLC	4.8486	2.2791	5187584	188138	3.7632
2023-12-31	Segall Bryant & Hamill	4.7431	1.8778	5074713	-84449	-1.6369
2023-12-31	Chai Trust Co., LLC	3.3132	5.7071	3544808	178685	5.3083
2023-12-31	State Street Corporation	3.2334	0.0032	3459461	102151	3.0426
2023-12-31	Burgundy Asset Management Ltd	2.6819	0.6111	2869432	102254	3.6952
2023-12-31	Goldman Sachs Group Inc	2.3267	0.0043	2489332	1253715	101.4647
2023-12-31	Geode Capital Management, LLC	2.2668	0.0049	2425265	37549	1.5726
2023-12-31	Cardinal Capital Management Llc	1.8783	1.7726	2009574	245142	13.8935
2023-12-31	Robeco Institutional Asset Management BV	1.7648	0.0879	1888155	-116990	-5.8345
2023-12-31	Brown Advisory Holdings Inc	1.7623	0.0509	1885512	52964	2.8902
2023-12-31	Thompson, Siegel & Walmsley LLC	1.6343	0.5429	1748577	-159870	-8.377
2023-12-31	Vaughan Nelson Scarbrgh & Mccullough LP	1.5111	0.3099	1616720	53760	3.4396
2023-12-31	Charles Schwab Investment Management Inc	1.4461	0.0075	1547255	-13562	-0.8689
2023-12-31	Dimensional Fund Advisors, Inc.	1.3714	0.0082	1467308	-51000	-3.359
2023-12-31	Northern Trust Corp	1.3597	0.0051	1454720	147976	11.324
2023-12-31	Renaissance Technologies Corp	1.2759	0.0406	1365085	-149000	-9.8409
2023-12-31	Ariel Investments, LLC	1.1135	0.2278	1191361	-4305166	-78.3252
2023-12-31	JPMorgan Chase & Co	1.11	0.0022	1187573	188204	18.8323
Total		64.7898	13.5551	69319394	-141940	-0.2%

3.2. Funds holding Equity Commonwealth

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Real Estate Index Investor	4.0703	0.1284	4354847	-135918	-3.0266
2023-12-31	Nuance Mid Cap Value Separate Account	3.5361	1.8144	3783274	411726	12.2118
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.9692	0.0039	3176749	0	0
2024-02-29	Vanguard Small Cap Index	2.4424	0.035	2613179	24168	0.9335
2023-10-31	Nuance Mid Cap Value Institutional	2.3848	1.937	2551557	700424	37.8376
2024-02-29	iShares Russell 2000 ETF	2.2865	0.0739	2446382	-400	-0.0163
2024-02-29	Vanguard Small Cap Value Index Inv	1.6688	0.0632	1785460	7484	0.4209
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4619	0.0289	1564081	21993	1.4262
2023-12-31	Cardinal Capital SMID Cap Value Equity	1.3754	1.7475	1471558	433009	41.6937
2024-02-29	Brown Advisory Small-Cap Fdmtl Val Inv	1.3471	2.0364	1441299	347482	31.7678
2024-01-31	Segall Bryant & Hamill Sm Cp Val Ins	1.2847	4.2603	1374472	0	0
2024-02-29	St. James Select Value	1.0605	3.3865	1134594	15740	1.4068
2023-12-31	Fidelity Small Cap Index	0.9489	0.0767	1015237	-15263	-1.4811
2024-02-01	iShares Russell 2000 Value ETF	0.8879	0.1532	949932	1202	0.1267
2023-12-31	Vanguard Global Minimum Volatility Admr	0.8847	0.9174	946568	0	0
2024-02-29	BlackRock Advantage Small Cap Core Instl	0.669	0.384	715734	32363	4.7358
2024-02-29	Vanguard Real Estate II Index	0.6316	0.1478	675770	-20661	-2.9667
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5758	0.0278	616053	33100	5.678
2024-01-31	Fidelity Extended Market Index	0.5747	0.0328	614908	25921	4.4009
2024-01-31	DFA Real Estate Securities I	0.574	0.1676	614174	12442	2.0677
Total		31.6343	17.4227	33845828	+1894812	+5.6%

3.3. Insider Transactions

Insiders are holding 2.752% of the shares of Equity Commonwealth.

Date	Owner	Type	Amount	Price	Post Transaction Amount	Link
2024-03-06	Andrew Levy	SELL	2409	18.71
2023-08-10	Orrin S Shifrin	SELL	50000	19.26

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Equity Commonwealth compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.695	-0.818	+218%	-0.053	+108%	-0.184	+126%	-0.157	+123%
Book Value Per Share	-	-	22.128	21.587	+3%	25.681	-14%	25.703	-14%	26.032	-15%
Current Ratio	-	-	62.307	68.345	-9%	90.284	-31%	78.247	-20%	48.754	+28%
Debt To Asset Ratio	-	-	0.014	0.013	+10%	0.018	-20%	0.029	-51%	0.170	-92%
Debt To Equity Ratio	-	-	0.015	0.013	+10%	0.019	-21%	0.032	-54%	0.262	-94%
Dividend Per Share	-	-	0.018	1.070	-98%	0.270	-93%	0.629	-97%	0.409	-95%
Eps	-	-	0.246	0.194	+27%	0.066	+275%	0.410	-40%	0.309	-20%
Free Cash Flow Per Share	-	-	0.322	0.272	+18%	0.139	+131%	0.142	+126%	0.217	+48%
Free Cash Flow To Equity Per Share	-	-	0.303	-0.939	+410%	-0.485	+260%	-0.788	+360%	-0.928	+406%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	24.782	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	3.645	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.102	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.558	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	4.365	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	1.519	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	8.896	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	2.301	-	-	-	-	-	-	-	-
Market Cap	1996452060.000	-4%	2073888000.000	2164314727.500	-4%	2962183807.500	-30%	3219911167.000	-36%	3427587726.750	-39%
Net Profit Margin	-	-	1.753	1.502	+17%	0.565	+210%	2.258	-22%	1.284	+37%
Operating Margin	-	-	-0.204	0.089	-329%	-0.150	-26%	0.086	-336%	0.168	-221%
Operating Ratio	-	-	1.204	1.284	-6%	1.149	+5%	1.189	+1%	1.008	+19%
Pb Ratio	0.843	-3%	0.868	0.910	-5%	1.022	-15%	1.044	-17%	1.069	-19%
Pe Ratio	18.980	-3%	19.529	27.302	-28%	-45.533	+333%	-63.912	+427%	-16.496	+184%
Price Per Share	18.660	-3%	19.200	19.635	-2%	26.268	-27%	26.980	-29%	27.915	-31%
Price To Free Cash Flow Ratio	14.502	-3%	14.921	18.723	-20%	105.042	-86%	138.501	-89%	6.801	+119%
Price To Total Gains Ratio	26.153	-3%	26.910	-14.201	+153%	-25.011	+193%	-86.668	+422%	41.657	-35%
Quick Ratio	-	-	62.307	68.345	-9%	90.284	-31%	78.144	-20%	48.977	+27%
Return On Assets	-	-	0.011	0.009	+16%	0.003	+260%	0.015	-27%	0.010	+5%
Return On Equity	-	-	0.011	0.010	+16%	0.003	+258%	0.016	-28%	0.012	-6%
Total Gains Per Share	-	-	0.713	0.252	+183%	0.217	+229%	0.445	+60%	0.252	+183%
Usd Book Value	-	-	2390113000.000	2378312000.000	+0%	2895104000.000	-17%	3056500800.000	-22%	3189840900.000	-25%
Usd Book Value Change Per Share	-	-	0.695	-0.818	+218%	-0.053	+108%	-0.184	+126%	-0.157	+123%
Usd Book Value Per Share	-	-	22.128	21.587	+3%	25.681	-14%	25.703	-14%	26.032	-15%
Usd Dividend Per Share	-	-	0.018	1.070	-98%	0.270	-93%	0.629	-97%	0.409	-95%
Usd Eps	-	-	0.246	0.194	+27%	0.066	+275%	0.410	-40%	0.309	-20%
Usd Free Cash Flow	-	-	34747000.000	29912500.000	+16%	15625250.000	+122%	16526650.000	+110%	26625425.000	+31%
Usd Free Cash Flow Per Share	-	-	0.322	0.272	+18%	0.139	+131%	0.142	+126%	0.217	+48%
Usd Free Cash Flow To Equity Per Share	-	-	0.303	-0.939	+410%	-0.485	+260%	-0.788	+360%	-0.928	+406%
Usd Market Cap	1996452060.000	-4%	2073888000.000	2164314727.500	-4%	2962183807.500	-30%	3219911167.000	-36%	3427587726.750	-39%
Usd Price Per Share	18.660	-3%	19.200	19.635	-2%	26.268	-27%	26.980	-29%	27.915	-31%
Usd Profit	-	-	26549000.000	22791000.000	+16%	8816500.000	+201%	52700400.000	-50%	40081025.000	-34%
Usd Revenue	-	-	15146000.000	15131000.000	+0%	15785000.000	-4%	18789700.000	-19%	74571875.000	-80%
Usd Total Gains Per Share	-	-	0.713	0.252	+183%	0.217	+229%	0.445	+60%	0.252	+183%
	EOD	+4 -4	MRQ	TTM	+25 -10	YOY	+21 -14	5Y	+15 -20	10Y	+17 -18

4.2. Fundamental Score

Let's check the fundamental score of Equity Commonwealth based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	18.980
Price to Book Ratio (EOD)	Between	0-1	0.843
Net Profit Margin (MRQ)	Greater than	0	1.753
Operating Margin (MRQ)	Greater than	0	-0.204
Quick Ratio (MRQ)	Greater than	1	62.307
Current Ratio (MRQ)	Greater than	1	62.307
Debt to Asset Ratio (MRQ)	Less than	1	0.014
Debt to Equity Ratio (MRQ)	Less than	1	0.015
Return on Equity (MRQ)	Greater than	0.15	0.011
Return on Assets (MRQ)	Greater than	0.05	0.011
Total			6/10 (60.0%)

Create your own Stock Scanner

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

4.3. Technical Score

Let's check the technical score of Equity Commonwealth based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	48.703
Ma 20	Greater than	Ma 50	18.686
Ma 50	Greater than	Ma 100	18.714
Ma 100	Greater than	Ma 200	18.976
Open	Greater than	Close	18.530
Total			0/5 (0.0%)

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
Tax Provision		372	708	1,080	-284	796	-736	60	-100	-40

Latest Balance Sheet

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

Summary

Total Assets	2,425,041
Total Liabilities	34,928
Total Stockholder Equity	2,385,067

	As reported
Total Liabilities	34,928
Total Stockholder Equity	+ 2,385,067
Total Assets	= 2,425,041

Assets

Total Assets	2,425,041
Total Current Assets	2,176,272
Long-term Assets	248,769

Total Current Assets

Total Current Assets (as reported)	2,176,272
Cash And Cash Equivalents	2,160,535
Net Receivables	15,737
Total Current Assets (calculated)	2,176,272
+/-	0

Long-term Assets

Long-term Assets (as reported)	248,769
Long-term Assets Other	248,769
Long-term Assets (calculated)	248,769
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	34,928
Long-term Liabilities	34,928
Total Stockholder Equity	2,385,067

Total Current Liabilities

Total Current Liabilities (as reported)	34,928
Accounts payable	27,298
Other Current Liabilities	5,640
Total Current Liabilities (calculated)	32,938
+/-	1,990

Long-term Liabilities

Long-term Liabilities (as reported)	34,928
Long-term Liabilities (calculated)	0
+/-	34,928

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,385,067
Common Stock	1,068
Retained Earnings	-1,671,137
Accumulated Other Comprehensive Income	1,551,874
Other Stockholders Equity	2,383,999
Total Stockholder Equity (calculated)	2,265,804
+/-	119,263

Other

Capital Stock	120,331
Cash and Short Term Investments	2,160,535
Common Stock Shares Outstanding	108,015
Current Deferred Revenue	1,990
Liabilities and Stockholders Equity	2,425,041
Net Debt	-2,160,535
Net Invested Capital	2,265,804
Net Working Capital	2,141,344

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

1993-12-31

1993-09-30

1993-06-30

1993-03-31

1992-12-31

1992-09-30

1992-06-30

1992-03-31

1991-12-31

1991-09-30

1991-06-30

1991-03-31

1990-12-31

1990-09-30

1990-06-30

1990-03-31

1989-12-31

1989-09-30

1989-06-30

1989-03-31

1988-12-31

1988-09-30

1988-06-30

1988-03-31

1987-12-31

1987-09-30

1987-06-30

1987-03-31

1986-12-31

1986-09-30

1986-06-30

1986-03-31

> Total Assets

0
0
0
64,900
0
0
0
154,600
0
0
0
154,900
154,300
179,900
187,100
205,600
225,600
226,700
225,600
290,100
304,500
303,300
335,200
340,700
337,700
352,900
352,100
374,500
382,000
433,900
443,700
527,700
529,700
690,600
847,400
840,206
1,027,900
1,043,400
1,000,200
999,677
1,023,600
1,043,300
1,069,900
1,229,522
1,679,400
1,821,900
1,851,300
2,135,963
2,389,300
2,804,300
2,926,100
3,064,057
3,050,700
3,102,200
3,325,200
2,953,308
2,934,381
2,923,135
2,939,247
2,900,143
2,871,751
2,854,491
2,841,579
2,805,426
2,843,414
2,850,709
3,107,863
3,206,340
3,308,800
3,364,060
3,494,801
4,013,244
4,027,411
4,045,756
4,752,257
4,813,330
4,823,683
5,012,423
5,154,048
5,327,167
5,355,189
5,441,519
5,454,778
5,575,949
5,636,768
5,750,889
5,800,512
5,859,332
5,959,846
6,003,146
6,070,543
6,016,099
6,070,451
5,926,090
6,007,527
6,121,321
6,234,751
6,205,018
6,373,775
6,588,520
6,689,687
6,959,999
7,458,190
7,447,026
7,713,391
7,798,584
7,946,955
8,189,634
8,082,668
8,019,538
6,821,987
6,646,434
6,600,714
6,593,360
6,170,796
5,761,639
5,734,296
5,548,046
5,324,243
5,244,372
5,103,149
4,911,775
4,965,767
4,526,075
4,518,756
4,491,116
4,260,289
4,236,945
4,137,306
3,776,874
3,813,728
3,530,772
3,713,937
3,702,171
3,731,343
3,319,377
3,704,057
3,733,155
3,708,774
3,277,671
3,260,676
3,256,268
3,244,603
3,081,383
3,000,018
2,968,480
2,968,520
2,854,885
2,399,324
2,421,843
2,393,786
2,425,041

2,425,041

2,393,786

2,421,843

2,399,324

2,854,885

2,968,520

2,968,480

3,000,018

3,081,383

3,244,603

3,256,268

3,260,676

3,277,671

3,708,774

3,733,155

3,704,057

3,319,377

3,731,343

3,702,171

3,713,937

3,530,772

3,813,728

3,776,874

4,137,306

4,236,945

4,260,289

4,491,116

4,518,756

4,526,075

4,965,767

4,911,775

5,103,149

5,244,372

5,324,243

5,548,046

5,734,296

5,761,639

6,170,796

6,593,360

6,600,714

6,646,434

6,821,987

8,019,538

8,082,668

8,189,634

7,946,955

7,798,584

7,713,391

7,447,026

7,458,190

6,959,999

6,689,687

6,588,520

6,373,775

6,205,018

6,234,751

6,121,321

6,007,527

5,926,090

6,070,451

6,016,099

6,070,543

6,003,146

5,959,846

5,859,332

5,800,512

5,750,889

5,636,768

5,575,949

5,454,778

5,441,519

5,355,189

5,327,167

5,154,048

5,012,423

4,823,683

4,813,330

4,752,257

4,045,756

4,027,411

4,013,244

3,494,801

3,364,060

3,308,800

3,206,340

3,107,863

2,850,709

2,843,414

2,805,426

2,841,579

2,854,491

2,871,751

2,900,143

2,939,247

2,923,135

2,934,381

2,953,308

3,325,200

3,102,200

3,050,700

3,064,057

2,926,100

2,804,300

2,389,300

2,135,963

1,851,300

1,821,900

1,679,400

1,229,522

1,069,900

1,043,300

1,023,600

999,677

1,000,200

1,043,400

1,027,900

840,206

847,400

690,600

529,700

527,700

443,700

433,900

382,000

374,500

352,100

352,900

337,700

340,700

335,200

303,300

304,500

290,100

225,600

226,700

225,600

205,600

187,100

179,900

154,300

154,900

154,600

64,900

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
41,600
24,600
58,600
64,478
30,900
27,500
20,900
26,535
20,800
18,400
17,100
33,465
81,300
40,000
91,500
42,810
21,700
27,600
46,900
51,872
32,600
27,000
16,700
49,889
43,139
49,819
80,520
131,016
125,603
416,538
415,815
97,402
58,081
63,879
240,919
75,489
89,775
92,303
97,942
95,499
136,729
115,705
131,409
135,465
141,800
145,542
156,435
164,830
193,609
194,419
199,149
190,349
204,811
212,006
217,230
217,846
234,400
207,954
206,849
212,357
376,015
359,562
355,974
348,523
487,808
357,933
534,323
390,359
236,610
488,285
615,771
615,570
437,347
389,135
332,624
544,071
490,649
499,046
1,079,984
1,041,850
649,439
689,235
851,166
644,874
704,493
1,888,123
1,974,454
2,009,650
1,975,405
2,126,680
2,606,120
2,253,237
2,111,169
2,437,717
2,348,566
2,551,714
2,939,458
2,572,883
2,733,139
2,455,190
3,102,419
3,202,593
3,229,578
2,820,199
3,422,428
3,455,846
3,432,726
3,001,927
2,985,681
2,981,098
2,977,037
2,816,547
2,737,573
2,707,463
2,708,588
2,598,231
2,144,294
2,169,198
2,142,962
2,176,272

2,176,272

2,142,962

2,169,198

2,144,294

2,598,231

2,708,588

2,707,463

2,737,573

2,816,547

2,977,037

2,981,098

2,985,681

3,001,927

3,432,726

3,455,846

3,422,428

2,820,199

3,229,578

3,202,593

3,102,419

2,455,190

2,733,139

2,572,883

2,939,458

2,551,714

2,348,566

2,437,717

2,111,169

2,253,237

2,606,120

2,126,680

1,975,405

2,009,650

1,974,454

1,888,123

704,493

644,874

851,166

689,235

649,439

1,041,850

1,079,984

499,046

490,649

544,071

332,624

389,135

437,347

615,570

615,771

488,285

236,610

390,359

534,323

357,933

487,808

348,523

355,974

359,562

376,015

212,357

206,849

207,954

234,400

217,846

217,230

212,006

204,811

190,349

199,149

194,419

193,609

164,830

156,435

145,542

141,800

135,465

131,409

115,705

136,729

95,499

97,942

92,303

89,775

75,489

240,919

63,879

58,081

97,402

415,815

416,538

125,603

131,016

80,520

49,819

43,139

49,889

16,700

27,000

32,600

51,872

46,900

27,600

21,700

42,810

91,500

40,000

81,300

33,465

17,100

18,400

20,800

26,535

20,900

27,500

30,900

64,478

58,600

24,600

41,600

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
41,600
24,600
58,600
59,766
30,900
27,500
20,900
18,640
20,800
18,400
17,100
21,853
81,300
40,000
71,800
22,355
21,700
27,600
46,900
15,643
32,600
27,000
16,700
13,206
5,214
9,674
39,530
92,681
85,754
69,405
73,871
50,555
9,709
13,473
185,182
12,384
24,583
18,698
21,044
11,526
43,609
19,553
26,569
21,961
22,335
18,921
21,514
19,445
35,587
35,099
33,458
17,783
23,059
29,026
25,639
19,879
32,065
33,277
24,851
15,518
35,317
38,138
33,227
18,204
138,702
33,443
174,723
194,040
25,389
55,035
210,673
192,763
193,587
138,805
72,680
102,219
48,692
77,520
165,990
222,449
177,555
428,373
597,405
379,058
421,736
1,286,902
1,649,162
1,802,729
1,742,128
1,772,337
2,405,174
2,094,674
1,888,537
1,967,549
2,233,077
2,351,693
2,837,671
2,507,117
2,673,328
2,400,803
3,069,501
3,180,548
3,205,775
2,795,642
3,348,349
3,437,775
3,418,240
2,987,225
2,971,052
2,965,788
2,961,564
2,800,998
2,721,929
2,691,503
2,692,354
2,582,222
2,128,688
2,153,047
2,127,788
2,160,535

2,160,535

2,127,788

2,153,047

2,128,688

2,582,222

2,692,354

2,691,503

2,721,929

2,800,998

2,961,564

2,965,788

2,971,052

2,987,225

3,418,240

3,437,775

3,348,349

2,795,642

3,205,775

3,180,548

3,069,501

2,400,803

2,673,328

2,507,117

2,837,671

2,351,693

2,233,077

1,967,549

1,888,537

2,094,674

2,405,174

1,772,337

1,742,128

1,802,729

1,649,162

1,286,902

421,736

379,058

597,405

428,373

177,555

222,449

165,990

77,520

48,692

102,219

72,680

138,805

193,587

192,763

210,673

55,035

25,389

194,040

174,723

33,443

138,702

18,204

33,227

38,138

35,317

15,518

24,851

33,277

32,065

19,879

25,639

29,026

23,059

17,783

33,458

35,099

35,587

19,445

21,514

18,921

22,335

21,961

26,569

19,553

43,609

11,526

21,044

18,698

24,583

12,384

185,182

13,473

9,709

50,555

73,871

69,405

85,754

92,681

39,530

9,674

5,214

13,206

16,700

27,000

32,600

15,643

46,900

27,600

21,700

22,355

71,800

40,000

81,300

21,853

17,100

18,400

20,800

18,640

20,900

27,500

30,900

59,766

58,600

24,600

41,600

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
23,126
0
307,163
299,125
8,582
0
0
0
9,415
261,524
0
255,361
9,163
0
0
0
22,257
0
0
0
18,348
0
0
0
21,635
14,235
16,571
17,410
18,027
11,543
94,105
79,944
10,837
9,880
8,993
11,638
11,662
10,490
12,474
7,075
5,082
5,530
5,109
10,102
7,869
17,195
14,329
13,631
16,626
14,723
18,009
17,443
22,101
17,441
22,829
15,554
17,715
33,349
31,351
28,463
32,245
36,190
33,777
36,755
6,532
275,597
278,072
279,626
276,928
247,879
248,275
248,838
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

248,838

248,275

247,879

276,928

279,626

278,072

275,597

6,532

36,755

33,777

36,190

32,245

28,463

31,351

33,349

17,715

15,554

22,829

17,441

22,101

17,443

18,009

14,723

16,626

13,631

14,329

17,195

7,869

10,102

5,109

5,530

5,082

7,075

12,474

10,490

11,662

11,638

8,993

9,880

10,837

79,944

94,105

11,543

18,027

17,410

16,571

14,235

21,635

18,348

22,257

9,163

255,361

261,524

9,415

8,582

299,125

307,163

23,126

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,712
4,712
0
0
7,895
7,895
0
0
11,612
0
0
19,700
20,455
0
0
0
36,229
0
0
0
36,683
37,925
40,145
40,990
38,335
39,849
39,970
42,819
46,847
48,372
50,406
55,737
63,105
65,192
73,605
76,898
83,973
93,120
96,152
104,840
113,504
119,465
126,621
134,921
145,385
158,022
159,320
165,691
172,566
181,752
182,980
191,591
197,967
202,335
174,677
181,998
196,839
203,034
188,512
187,495
194,358
203,044
196,781
198,899
191,237
205,691
203,304
212,737
217,592
226,565
236,001
246,313
253,394
267,733
274,988
218,301
223,769
239,766
238,033
238,207
248,101
249,408
209,089
184,679
174,676
176,740
169,800
150,728
152,031
152,081
115,371
107,832
93,436
55,910
57,347
50,103
51,089
31,151
19,735
19,347
19,554
14,964
13,968
14,486
14,702
14,629
15,310
15,473
15,549
15,644
15,960
16,234
16,009
15,606
16,151
15,174
15,737

15,737

15,174

16,151

15,606

16,009

16,234

15,960

15,644

15,549

15,473

15,310

14,629

14,702

14,486

13,968

14,964

19,554

19,347

19,735

31,151

51,089

50,103

57,347

55,910

93,436

107,832

115,371

152,081

152,031

150,728

169,800

176,740

174,676

184,679

209,089

249,408

248,101

238,207

238,033

239,766

223,769

218,301

274,988

267,733

253,394

246,313

236,001

226,565

217,592

212,737

203,304

205,691

191,237

198,899

196,781

203,044

194,358

187,495

188,512

203,034

196,839

181,998

174,677

202,335

197,967

191,591

182,980

181,752

172,566

165,691

159,320

158,022

145,385

134,921

126,621

119,465

113,504

104,840

96,152

93,120

83,973

76,898

73,605

65,192

63,105

55,737

50,406

48,372

46,847

42,819

39,970

39,849

38,335

40,990

40,145

37,925

36,683

36,229

20,455

19,700

11,612

7,895

4,712

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
127,784
123,919
123,614
124,299
135,572
115,235
153,626
5,082
5,530
224,837
182,259
197,346
17,195
14,329
13,631
188,458
174,224
146,538
695,693
595,632
232,118
22,829
15,554
17,715
33,349
392,132
140,613
32,245
56,537
184,543
50,218
6,532
70,551
354,797
7,657
106,585
45,877
8,419
9,708
3,298
1,767
2,310
4,456
5,003
59,115
4,103
0
0
0
0
0
0
0
-2,707,463
-2,708,588
-2,598,231
-2,144,294
-2,169,198
-2,142,962
-2,176,272

-2,176,272

-2,142,962

-2,169,198

-2,144,294

-2,598,231

-2,708,588

-2,707,463

4,103

59,115

5,003

4,456

2,310

1,767

3,298

9,708

8,419

45,877

106,585

7,657

354,797

70,551

6,532

50,218

184,543

56,537

32,245

140,613

392,132

33,349

17,715

15,554

22,829

232,118

595,632

695,693

146,538

174,224

188,458

13,631

14,329

17,195

197,346

182,259

224,837

5,530

5,082

153,626

115,235

135,572

124,299

123,614

123,919

127,784

> Long-term Assets

0
0
0
0
0
0
0
0
0
0
0
0
122,100
146,100
145,100
144,300
143,900
145,900
145,000
188,400
259,500
259,400
260,700
262,600
267,600
314,100
312,600
310,900
309,400
312,900
311,800
349,800
324,400
504,800
652,000
766,990
820,500
831,400
712,100
963,622
730,700
750,800
773,500
1,182,085
1,319,900
1,504,900
1,521,800
1,968,488
2,124,100
2,529,300
2,634,100
2,966,453
2,697,900
2,821,500
3,066,200
2,870,971
2,851,344
2,829,198
2,820,681
2,706,556
2,680,515
2,672,270
2,662,287
2,646,789
2,721,880
2,731,584
2,805,965
3,070,600
3,156,124
3,203,982
3,333,537
3,917,745
3,819,486
3,846,075
4,523,035
4,677,865
4,568,647
4,762,581
4,884,036
5,162,337
5,044,083
5,135,603
5,112,195
5,385,600
5,282,185
5,416,028
5,435,660
5,641,486
5,588,276
5,136,960
5,278,326
5,803,742
5,694,436
5,566,528
5,651,553
5,772,798
5,746,943
5,847,085
5,839,452
6,198,161
6,453,077
6,471,714
6,842,419
6,831,456
7,276,044
7,409,449
7,614,331
7,645,563
7,592,019
7,520,492
5,742,003
5,604,584
5,951,275
5,904,125
5,319,630
5,116,765
5,029,803
3,659,923
3,349,789
3,234,722
3,127,744
2,785,095
2,359,647
2,272,838
2,407,587
2,053,399
1,911,723
1,685,231
1,197,848
1,203,991
1,080,589
1,075,582
611,518
499,578
501,765
499,178
281,629
277,309
276,048
275,744
274,995
275,170
267,566
264,836
262,445
261,017
259,932
256,654
255,030
252,645
250,824
248,769

248,769

250,824

252,645

255,030

256,654

259,932

261,017

262,445

264,836

267,566

275,170

274,995

275,744

276,048

277,309

281,629

499,178

501,765

499,578

611,518

1,075,582

1,080,589

1,203,991

1,197,848

1,685,231

1,911,723

2,053,399

2,407,587

2,272,838

2,359,647

2,785,095

3,127,744

3,234,722

3,349,789

3,659,923

5,029,803

5,116,765

5,319,630

5,904,125

5,951,275

5,604,584

5,742,003

7,520,492

7,592,019

7,645,563

7,614,331

7,409,449

7,276,044

6,831,456

6,842,419

6,471,714

6,453,077

6,198,161

5,839,452

5,847,085

5,746,943

5,772,798

5,651,553

5,566,528

5,694,436

5,803,742

5,278,326

5,136,960

5,588,276

5,641,486

5,435,660

5,416,028

5,282,185

5,385,600

5,112,195

5,135,603

5,044,083

5,162,337

4,884,036

4,762,581

4,568,647

4,677,865

4,523,035

3,846,075

3,819,486

3,917,745

3,333,537

3,203,982

3,156,124

3,070,600

2,805,965

2,731,584

2,721,880

2,646,789

2,662,287

2,672,270

2,680,515

2,706,556

2,820,681

2,829,198

2,851,344

2,870,971

3,066,200

2,821,500

2,697,900

2,966,453

2,634,100

2,529,300

2,124,100

1,968,488

1,521,800

1,504,900

1,319,900

1,182,085

773,500

750,800

730,700

963,622

712,100

831,400

820,500

766,990

652,000

504,800

324,400

349,800

311,800

312,900

309,400

310,900

312,600

314,100

267,600

262,600

260,700

259,400

259,500

188,400

145,000

145,900

143,900

144,300

145,100

146,100

122,100

Property Plant Equipment

0
0
0
0
0
0
0
0
0
0
0
0
122,100
146,100
145,100
144,300
143,900
145,900
145,000
188,400
259,500
259,400
260,700
262,600
267,600
314,100
312,600
310,900
309,400
312,900
311,800
349,800
324,400
504,800
652,000
633,513
820,500
831,400
712,100
722,356
730,700
750,800
773,500
928,818
1,319,900
1,504,900
1,521,800
1,857,354
2,124,100
2,529,300
2,634,100
2,786,671
2,697,900
2,821,500
3,066,200
2,549,485
2,538,268
2,524,139
2,512,538
2,386,008
2,368,597
2,364,107
2,363,162
2,373,347
2,451,827
2,463,998
2,540,446
2,806,513
2,894,600
2,945,656
3,078,176
3,597,934
3,596,897
3,625,630
4,304,861
4,379,721
4,363,100
4,554,926
4,678,538
4,848,680
5,044,083
5,135,603
5,112,195
5,261,692
5,282,185
5,416,028
5,435,660
5,498,750
5,588,276
5,136,960
5,278,326
5,689,456
5,694,436
5,408,475
5,490,508
5,439,260
5,573,324
5,680,459
5,478,077
5,506,997
5,750,077
6,302,843
6,259,901
6,310,062
6,515,601
6,636,368
6,817,594
6,821,803
6,942,072
6,888,922
4,757,038
4,642,106
0
4,938,862
4,898,041
4,697,998
4,633,227
0
3,088,158
2,988,413
2,891,945
0
0
2,101,635
1,959,810
1,633,299
1,503,776
1,296,893
867,362
876,258
767,297
763,674
569,009
463,803
460,494
459,421
259,104
258,664
257,884
258,391
258,133
254,898
252,221
249,663
246,769
244,599
241,463
238,593
236,836
234,908
232,767
0

232,767

234,908

236,836

238,593

241,463

244,599

246,769

249,663

252,221

254,898

258,133

258,391

257,884

258,664

259,104

459,421

460,494

463,803

569,009

763,674

767,297

876,258

867,362

1,296,893

1,503,776

1,633,299

1,959,810

2,101,635

2,891,945

2,988,413

3,088,158

4,633,227

4,697,998

4,898,041

4,938,862

4,642,106

4,757,038

6,888,922

6,942,072

6,821,803

6,817,594

6,636,368

6,515,601

6,310,062

6,259,901

6,302,843

5,750,077

5,506,997

5,478,077

5,680,459

5,573,324

5,439,260

5,490,508

5,408,475

5,694,436

5,689,456

5,278,326

5,136,960

5,588,276

5,498,750

5,435,660

5,416,028

5,282,185

5,261,692

5,112,195

5,135,603

5,044,083

4,848,680

4,678,538

4,554,926

4,363,100

4,379,721

4,304,861

3,625,630

3,596,897

3,597,934

3,078,176

2,945,656

2,894,600

2,806,513

2,540,446

2,463,998

2,451,827

2,373,347

2,363,162

2,364,107

2,368,597

2,386,008

2,512,538

2,524,139

2,538,268

2,549,485

3,066,200

2,821,500

2,697,900

2,786,671

2,634,100

2,529,300

2,124,100

1,857,354

1,521,800

1,504,900

1,319,900

928,818

773,500

750,800

730,700

722,356

712,100

831,400

820,500

633,513

652,000

504,800

324,400

349,800

311,800

312,900

309,400

310,900

312,600

314,100

267,600

262,600

260,700

259,400

259,500

188,400

145,000

145,900

143,900

144,300

145,100

146,100

122,100

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
285,890
221,349
219,998
222,225
0
0
0
0
356,543
170,895
139,936
1,195,504
1,091,522
0
531,862
0
0
0
0
0
0
0
0
0
0
0
0
0
276,928
247,879
248,275
248,838
249,602
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

249,602

248,838

248,275

247,879

276,928

531,862

1,091,522

1,195,504

139,936

170,895

356,543

222,225

219,998

221,349

285,890

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
45,651
68,983
67,569
67,994
139,607
149,063
142,451
149,087
150,761
161,787
177,279
173,510
164,155
167,879
162,538
163,224
156,743
150,672
162,007
151,869
160,401
164,308
159,428
157,428
163,753
166,453
156,877
175,130
179,357
233,913
270,676
287,241
360,293
343,917
374,022
364,282
371,929
427,756
416,763
394,978
272,381
255,812
244,634
227,197
212,584
198,287
184,894
121,912
99,017
88,760
83,121
70,724
52,017
48,281
45,482
42,719
28,108
23,847
3,621
2,946
596
275
183
92
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

183

275

596

2,946

3,621

23,847

28,108

42,719

45,482

48,281

52,017

70,724

83,121

88,760

99,017

121,912

184,894

198,287

212,584

227,197

244,634

255,812

272,381

394,978

416,763

427,756

371,929

364,282

374,022

343,917

360,293

287,241

270,676

233,913

179,357

175,130

156,877

166,453

163,753

157,428

159,428

164,308

160,401

151,869

162,007

150,672

156,743

163,224

162,538

167,879

164,155

173,510

177,279

161,787

150,761

149,087

142,451

149,063

139,607

67,994

67,569

68,983

45,651

Other 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
163,700
161,200
136,800
8,738
176,500
184,500
267,200
9,520
272,100
274,100
279,300
13,972
278,200
277,000
238,000
124,665
243,500
247,400
245,100
45,732
320,200
253,700
242,300
32,448
39,898
44,118
38,046
62,571
65,633
-234,317
-236,523
61,235
63,453
55,246
60,979
60,251
62,901
67,775
63,322
4,013,244
71,196
83,976
97,813
4,813,330
113,236
104,300
113,577
5,327,167
117,497
111,497
143,434
5,575,949
149,772
122,855
147,622
5,859,332
137,170
658,232
585,368
6,016,099
5,822,220
5,690,447
5,775,167
5,897,097
5,882,515
5,962,320
5,993,078
6,189,978
6,444,964
6,688,577
7,024,678
7,028,802
7,276,044
7,408,030
7,612,912
7,815,976
7,742,413
7,639,914
6,412,146
6,170,008
6,157,845
5,896,025
5,311,530
5,108,665
5,021,703
4,012,604
3,453,839
3,226,622
3,139,991
2,935,861
2,373,110
2,264,738
2,471,983
2,401,602
1,911,723
1,775,219
78,902
76,512
63,858
62,031
1,767
2,310
41,271
39,757
22,525
18,645
18,164
17,353
16,862
290,480
3,244,603
280,385
262,445
261,017
259,932
256,654
255,030
0
250,824
0

250,824

255,030

256,654

259,932

261,017

262,445

280,385

3,244,603

290,480

16,862

17,353

18,164

18,645

22,525

39,757

41,271

2,310

1,767

62,031

63,858

76,512

78,902

1,775,219

1,911,723

2,401,602

2,471,983

2,264,738

2,373,110

2,935,861

3,139,991

3,226,622

3,453,839

4,012,604

5,021,703

5,108,665

5,311,530

5,896,025

6,157,845

6,170,008

6,412,146

7,639,914

7,742,413

7,815,976

7,612,912

7,408,030

7,276,044

7,028,802

7,024,678

6,688,577

6,444,964

6,189,978

5,993,078

5,962,320

5,882,515

5,897,097

5,775,167

5,690,447

5,822,220

6,016,099

585,368

658,232

137,170

5,859,332

147,622

122,855

149,772

5,575,949

143,434

111,497

117,497

5,327,167

113,577

104,300

113,236

4,813,330

97,813

83,976

71,196

4,013,244

63,322

67,775

62,901

60,251

60,979

55,246

63,453

61,235

-236,523

-234,317

65,633

62,571

38,046

44,118

39,898

32,448

242,300

253,700

320,200

45,732

245,100

247,400

243,500

124,665

238,000

277,000

278,200

13,972

279,300

274,100

272,100

9,520

267,200

184,500

176,500

8,738

136,800

161,200

163,700

> Total Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
70,100
97,000
87,500
70,000
85,000
87,000
87,000
125,500
139,500
139,500
103,000
103,000
103,000
120,200
120,000
143,000
50,000
103,900
115,500
81,300
78,400
71,800
231,700
238,167
402,400
422,300
383,100
314,085
315,400
335,200
390,200
521,474
438,600
552,400
622,100
869,703
1,027,000
956,100
1,087,500
1,236,264
1,225,000
1,289,500
1,547,500
1,430,841
1,428,291
1,430,665
1,441,395
1,370,931
1,154,974
1,145,763
1,151,698
1,148,926
1,195,385
1,206,779
1,177,547
1,280,067
1,391,727
1,337,552
1,478,264
2,001,593
1,689,700
1,719,900
2,438,320
2,506,136
2,273,974
2,465,376
2,496,698
2,681,681
2,671,362
2,778,266
2,812,897
2,625,181
2,657,591
2,789,191
2,861,976
2,956,449
3,089,567
3,124,668
3,152,435
3,094,987
3,160,699
2,996,131
3,044,362
3,232,255
3,084,814
3,096,495
3,059,930
3,456,830
3,549,902
3,571,825
3,865,893
3,878,509
3,990,361
4,116,458
4,446,831
4,688,166
3,955,938
3,947,061
3,400,954
3,282,848
3,241,644
3,222,472
2,681,793
2,442,056
2,423,118
2,160,816
1,997,035
1,875,885
1,715,778
1,713,137
1,676,727
1,265,628
1,232,231
1,204,655
935,590
936,450
735,827
334,565
644,217
346,774
322,376
66,548
503,230
73,505
59,443
59,414
465,668
34,507
29,058
24,432
32,769
26,113
19,751
22,658
137,925
31,153
30,252
30,016
31,550
34,928

34,928

31,550

30,016

30,252

31,153

137,925

22,658

19,751

26,113

32,769

24,432

29,058

34,507

465,668

59,414

59,443

73,505

503,230

66,548

322,376

346,774

644,217

334,565

735,827

936,450

935,590

1,204,655

1,232,231

1,265,628

1,676,727

1,713,137

1,715,778

1,875,885

1,997,035

2,160,816

2,423,118

2,442,056

2,681,793

3,222,472

3,241,644

3,282,848

3,400,954

3,947,061

3,955,938

4,688,166

4,446,831

4,116,458

3,990,361

3,878,509

3,865,893

3,571,825

3,549,902

3,456,830

3,059,930

3,096,495

3,084,814

3,232,255

3,044,362

2,996,131

3,160,699

3,094,987

3,152,435

3,124,668

3,089,567

2,956,449

2,861,976

2,789,191

2,657,591

2,625,181

2,812,897

2,778,266

2,671,362

2,681,681

2,496,698

2,465,376

2,273,974

2,506,136

2,438,320

1,719,900

1,689,700

2,001,593

1,478,264

1,337,552

1,391,727

1,280,067

1,177,547

1,206,779

1,195,385

1,148,926

1,151,698

1,145,763

1,154,974

1,370,931

1,441,395

1,430,665

1,428,291

1,430,841

1,547,500

1,289,500

1,225,000

1,236,264

1,087,500

956,100

1,027,000

869,703

622,100

552,400

438,600

521,474

390,200

335,200

315,400

314,085

383,100

422,300

402,400

238,167

231,700

71,800

78,400

81,300

115,500

103,900

50,000

143,000

120,000

120,200

103,000

139,500

125,500

87,000

85,000

70,000

87,500

97,000

70,100

> Total Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,500
9,800
15,300
21,700
35,800
37,800
18,400
44,300
18,700
18,900
43,900
29,300
74,700
44,200
83,500
81,800
131,200
95,800
102,800
104,200
103,000
103,100
117,800
80,900
71,700
72,300
74,200
67,900
55,100
46,900
53,300
51,700
49,800
51,600
67,500
79,400
65,300
76,200
98,400
412,000
118,600
123,200
95,000
175,000
80,000
236,000
346,000
256,000
572,959
670,495
698,743
49,623
71,279
87,111
88,122
89,441
177,900
301,000
303,000
648,693
190,468
197,053
206,757
239,591
170,582
195,131
210,336
249,272
242,398
273,677
308,895
301,178
284,127
274,108
271,604
245,181
207,326
209,251
235,604
231,527
204,959
190,662
196,253
193,563
179,728
170,786
153,350
150,927
144,645
143,665
109,199
113,855
82,016
96,914
77,861
82,136
52,385
54,160
364,158
71,702
47,321
40,418
477,334
47,814
33,956
34,133
465,668
34,507
29,058
24,432
32,769
26,113
19,751
22,658
137,925
31,153
30,252
30,016
31,550
34,928

34,928

31,550

30,016

30,252

31,153

137,925

22,658

19,751

26,113

32,769

24,432

29,058

34,507

465,668

34,133

33,956

47,814

477,334

40,418

47,321

71,702

364,158

54,160

52,385

82,136

77,861

96,914

82,016

113,855

109,199

143,665

144,645

150,927

153,350

170,786

179,728

193,563

196,253

190,662

204,959

231,527

235,604

209,251

207,326

245,181

271,604

274,108

284,127

301,178

308,895

273,677

242,398

249,272

210,336

195,131

170,582

239,591

206,757

197,053

190,468

648,693

303,000

301,000

177,900

89,441

88,122

87,111

71,279

49,623

698,743

670,495

572,959

256,000

346,000

236,000

80,000

175,000

95,000

123,200

118,600

412,000

98,400

76,200

65,300

79,400

67,500

51,600

49,800

51,700

53,300

46,900

55,100

67,900

74,200

72,300

71,700

80,900

117,800

103,100

103,000

104,200

102,800

95,800

131,200

81,800

83,500

44,200

74,700

29,300

43,900

18,900

18,700

44,300

18,400

37,800

35,800

21,700

15,300

9,800

5,500

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
216,513
216,513
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
412,000
412,000
0
95,000
175,000
80,000
236,000
346,000
256,000
572,959
670,495
698,743
0
0
0
0
0
0
301,000
303,000
648,693
45,577
46,989
49,398
47,348
45,226
44,549
43,513
65,940
65,130
69,836
72,619
70,179
72,392
69,237
70,587
12,958
14,636
12,954
6,564
9,385
15,793
248,852
13,648
14,044
14,095
124,537
116,169
154,990
115,841
9,154
82,105
117,055
6,957
71,447
80,958
64,045
4,412
50,458
52,667
72,547
47,102
40,154
3,533
3,127
5,791
2,521
1,861
2,928
2,979
24,638
2,424
3,986
3,732
2,763
2,637
2,355
2,815
3,132
0
0

3,132

2,815

2,355

2,637

2,763

3,732

3,986

2,424

24,638

2,979

2,928

1,861

2,521

5,791

3,127

3,533

40,154

47,102

72,547

52,667

50,458

4,412

64,045

80,958

71,447

6,957

117,055

82,105

9,154

115,841

154,990

116,169

124,537

14,095

14,044

13,648

248,852

15,793

9,385

6,564

12,954

14,636

12,958

70,587

69,237

72,392

70,179

72,619

69,836

65,130

65,940

43,513

44,549

45,226

47,348

49,398

46,989

45,577

648,693

303,000

301,000

698,743

670,495

572,959

256,000

346,000

236,000

80,000

175,000

95,000

412,000

216,513

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,462
0
0
0
3,687
0
33,769
29,657
1,143,613
25,442
1,101,784
851,791
849,579
679,030
280,012
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

280,012

679,030

849,579

851,791

1,101,784

25,442

1,143,613

29,657

33,769

3,687

7,462

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,948
0
0
0
13,304
0
0
0
0
0
0
0
0
0
0
0
0
42,699
46,075
46,302
40,611
27,144
28,473
30,459
32,888
25,693
28,477
38,548
38,402
36,587
43,676
45,261
60,541
54,421
62,545
67,512
67,716
43,494
73,137
64,993
80,125
67,078
79,729
75,796
49,623
71,279
87,111
88,122
89,441
81,040
96,358
101,723
99,285
96,597
101,886
99,214
111,917
91,407
119,981
108,792
123,823
113,761
137,357
148,525
158,272
140,172
158,044
143,192
194,184
155,993
165,449
169,498
165,855
136,482
138,412
163,075
162,204
149,009
4,053
5,528
5,321
5,047
117,363
4,898
5,159
62,518
4,353
5,150
5,175
42,007
4,815
3,341
2,932
3,014
2,636
38,218
37,153
25,966
25,821
25,702
20,588
21,007
1,670
27,391
19,762
15,505
18,619
21,704
25,935
19,642
20,016
23,027
27,298

27,298

23,027

20,016

19,642

25,935

21,704

18,619

15,505

19,762

27,391

1,670

21,007

20,588

25,702

25,821

25,966

37,153

38,218

2,636

3,014

2,932

3,341

4,815

42,007

5,175

5,150

4,353

62,518

5,159

4,898

117,363

5,047

5,321

5,528

4,053

149,009

162,204

163,075

138,412

136,482

165,855

169,498

165,449

155,993

194,184

143,192

158,044

140,172

158,272

148,525

137,357

113,761

123,823

108,792

119,981

91,407

111,917

99,214

101,886

96,597

99,285

101,723

96,358

81,040

89,441

88,122

87,111

71,279

49,623

75,796

79,729

67,078

80,125

64,993

73,137

43,494

67,716

67,512

62,545

54,421

60,541

45,261

43,676

36,587

38,402

38,548

28,477

25,693

32,888

30,459

28,473

27,144

40,611

46,302

46,075

42,699

13,304

13,948

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,500
9,800
15,300
-194,813
35,800
37,800
18,400
30,352
18,700
18,900
43,900
15,996
74,700
44,200
83,500
81,800
131,200
95,800
102,800
104,200
103,000
103,100
117,800
80,900
71,700
72,300
74,200
67,900
55,100
46,900
53,300
51,700
49,800
51,600
67,500
79,400
65,300
76,200
98,400
-412,000
118,600
123,200
-95,000
-175,000
-80,000
-236,000
-346,000
-256,000
-572,959
-670,495
-698,743
-49,623
-71,279
-87,111
-88,122
-89,441
177,900
-301,000
-303,000
-648,693
144,891
150,064
157,359
23,097
33,949
451
32,429
50,511
52,019
34,905
52,158
61,432
37,691
14,664
31,942
2,339
1,994
1,588
30,322
28,734
23,066
22,984
6,981
129,448
87,813
20,336
1,909
-36,724
169
1,687
667
-26,819
1,013
2,019
-22,602
1,840
1,153
-11,286
299,968
-13,228
-7,914
-5,926
435,583
7,534
81
5,791
438,105
10,991
5,072
-4,249
2,954
2,365
514
1,276
113,584
2,863
7,795
6,868
6,390
5,640

5,640

6,390

6,868

7,795

2,863

113,584

1,276

514

2,365

2,954

-4,249

5,072

10,991

438,105

5,791

7,534

435,583

-5,926

-7,914

-13,228

299,968

-11,286

1,153

1,840

-22,602

2,019

1,013

-26,819

667

1,687

169

-36,724

1,909

20,336

87,813

129,448

6,981

22,984

23,066

28,734

30,322

1,588

1,994

2,339

31,942

14,664

37,691

61,432

52,158

34,905

52,019

50,511

32,429

451

33,949

23,097

157,359

150,064

144,891

-648,693

-303,000

-301,000

177,900

-89,441

-88,122

-87,111

-71,279

-49,623

-698,743

-670,495

-572,959

-256,000

-346,000

-236,000

-80,000

-175,000

-95,000

123,200

118,600

-412,000

98,400

76,200

65,300

79,400

67,500

51,600

49,800

51,700

53,300

46,900

55,100

67,900

74,200

72,300

71,700

80,900

117,800

103,100

103,000

104,200

102,800

95,800

131,200

81,800

83,500

44,200

74,700

15,996

43,900

18,900

18,700

30,352

18,400

37,800

35,800

-194,813

15,300

9,800

5,500

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
70,100
97,000
87,500
70,000
85,000
87,000
87,000
125,500
139,500
139,500
103,000
103,000
103,000
120,200
120,000
143,000
50,000
103,900
115,500
81,300
73,000
62,000
216,500
216,500
366,600
384,600
364,700
269,800
296,800
316,300
346,300
492,200
363,800
508,300
538,600
787,900
895,800
860,300
984,700
1,132,100
1,122,000
1,186,400
1,429,700
1,349,900
1,356,600
1,358,400
1,367,200
1,303,000
1,099,900
1,098,900
1,098,400
1,097,200
1,145,600
1,155,200
1,110,000
1,280,067
1,391,727
1,337,552
1,478,264
1,910,027
1,689,700
1,719,900
2,311,853
2,411,292
2,202,562
2,361,473
2,398,109
2,570,019
2,566,593
2,662,922
2,701,736
2,451,772
2,547,510
2,663,268
2,737,699
2,826,166
3,089,567
2,253,323
2,263,318
2,299,137
2,970,231
2,799,078
2,837,605
2,992,664
2,914,232
2,901,364
2,849,594
3,207,558
3,307,504
3,298,148
3,556,998
3,577,331
3,706,234
3,842,350
4,175,227
4,442,985
3,748,612
3,737,810
3,165,350
3,051,321
3,036,685
3,031,810
2,485,540
2,248,493
2,243,390
1,990,030
1,843,685
1,724,958
1,571,133
1,569,472
1,567,528
1,151,773
1,150,215
1,107,741
857,729
854,314
683,442
280,405
280,059
275,072
275,055
26,130
25,896
25,691
25,487
25,281
1,861
2,928
2,979
0
0
23,748
19,237
21,382
116,221
5,218
22,457
30,016
31,550
34,928

34,928

31,550

30,016

22,457

5,218

116,221

21,382

19,237

23,748

2,979

2,928

1,861

25,281

25,487

25,691

25,896

26,130

275,055

275,072

280,059

280,405

683,442

854,314

857,729

1,107,741

1,150,215

1,151,773

1,567,528

1,569,472

1,571,133

1,724,958

1,843,685

1,990,030

2,243,390

2,248,493

2,485,540

3,031,810

3,036,685

3,051,321

3,165,350

3,737,810

3,748,612

4,442,985

4,175,227

3,842,350

3,706,234

3,577,331

3,556,998

3,298,148

3,307,504

3,207,558

2,849,594

2,901,364

2,914,232

2,992,664

2,837,605

2,799,078

2,970,231

2,299,137

2,263,318

2,253,323

3,089,567

2,826,166

2,737,699

2,663,268

2,547,510

2,451,772

2,701,736

2,662,922

2,566,593

2,570,019

2,398,109

2,361,473

2,202,562

2,411,292

2,311,853

1,719,900

1,689,700

1,910,027

1,478,264

1,337,552

1,391,727

1,280,067

1,110,000

1,155,200

1,145,600

1,097,200

1,098,400

1,098,900

1,099,900

1,303,000

1,367,200

1,358,400

1,356,600

1,349,900

1,429,700

1,186,400

1,122,000

1,132,100

984,700

860,300

895,800

787,900

538,600

508,300

363,800

492,200

346,300

316,300

296,800

269,800

364,700

384,600

366,600

216,500

62,000

73,000

81,300

115,500

103,900

50,000

143,000

120,000

120,200

103,000

139,500

125,500

87,000

85,000

70,000

87,500

97,000

70,100

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,206,066
3,037,207
3,067,769
3,321,535
0
0
0
0
3,957,821
3,285,214
3,281,509
2,879,821
2,770,410
0
2,751,604
2,442,942
2,207,665
2,205,075
0
1,828,073
1,710,324
1,557,839
1,557,557
1,557,260
1,141,667
1,141,628
1,100,355
850,576
848,578
678,527
280,012
279,901
274,955
274,977
26,091
25,896
25,691
25,487
25,281
0
0
0
0
0
0
0
0
0
0
0
0
0
0

25,281

25,487

25,691

25,896

26,091

274,977

274,955

279,901

280,012

678,527

848,578

850,576

1,100,355

1,141,628

1,141,667

1,557,260

1,557,557

1,557,839

1,710,324

1,828,073

2,205,075

2,207,665

2,442,942

2,751,604

2,770,410

2,879,821

3,281,509

3,285,214

3,957,821

3,321,535

3,067,769

3,037,207

3,206,066

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,961
26,198
27,899
27,370
27,890
18,380
22,877
18,821
24,115
23,065
29,049
25,688
28,744
32,517
36,265
64,231
64,203
60,701
98,378
83,389
72,912
81,715
98,162
81,400
91,038
87,460
97,480
90,105
87,007
87,947
98,995
92,848
96,828
106,690
119,757
105,784
111,593
116,542
128,947
109,134
112,479
106,336
124,447
126,941
128,934
136,699
160,833
142,906
143,955
140,553
152,603
144,161
141,731
130,103
116,635
111,583
115,223
97,456
68,795
72,187
69,034
58,534
47,265
41,974
37,051
38,217
32,464
28,566
28,085
28,500
21,508
18,652
13,637
10,173
8,182
9,451
5,119
3,554
3,533
3,127
2,118
2,521
1,861
2,928
2,979
2,373
4,701
3,986
3,732
2,763
5,678
2,355
0
0
2,133
0

2,133

2,355

5,678

2,763

3,732

3,986

4,701

2,373

2,979

2,928

1,861

2,521

2,118

3,127

3,533

3,554

5,119

9,451

8,182

10,173

13,637

18,652

21,508

28,500

28,085

28,566

32,464

38,217

37,051

41,974

47,265

58,534

69,034

72,187

68,795

97,456

115,223

111,583

116,635

130,103

141,731

144,161

152,603

140,553

143,955

142,906

160,833

136,699

128,934

126,941

124,447

106,336

112,479

109,134

128,947

116,542

111,593

105,784

119,757

106,690

96,828

92,848

98,995

87,947

87,007

90,105

97,480

87,460

91,038

81,400

98,162

81,715

72,912

83,389

98,378

60,701

64,203

64,231

36,265

32,517

28,744

25,688

29,049

23,065

24,115

18,821

22,877

18,380

27,890

27,370

27,899

26,198

28,961

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
27,988
29,293
31,579
35,593
0
0
0
0
35,700
34,703
29,260
29,220
27,553
0
29,266
26,197
31,359
30,719
0
29,744
27,340
23,588
0
0
18,460
18,485
19,095
14,355
11,076
9,225
10,173
0
55,431
0
25,904
0
28,648
0
0
0
13,008
0
0
11,680
11,700
0
12,189
11,976
12,193
0
0
0
0

12,193

11,976

12,189

11,700

11,680

13,008

28,648

25,904

55,431

10,173

9,225

11,076

14,355

19,095

18,485

18,460

23,588

27,340

29,744

30,719

31,359

26,197

29,266

27,553

29,220

29,260

34,703

35,700

35,593

31,579

29,293

27,988

> Total Stockholder Equity

0
0
0
63,500
0
0
0
83,700
0
0
0
83,000
82,200
81,200
80,300
131,900
130,700
129,600
128,400
147,800
162,000
161,100
223,600
234,400
232,600
230,900
229,500
228,300
325,100
323,400
321,900
441,100
451,300
618,800
615,700
602,039
625,500
621,100
617,100
685,592
708,200
708,100
679,700
708,048
1,240,800
1,269,500
1,229,200
1,266,260
1,362,300
1,848,200
1,838,600
1,827,793
1,825,700
1,812,700
1,777,700
1,522,467
1,506,090
1,492,470
1,497,852
1,529,212
1,716,777
1,708,728
1,689,881
1,656,500
1,648,029
1,643,930
1,930,316
1,926,273
1,917,073
2,026,508
2,016,537
2,011,651
2,337,711
2,325,856
2,313,937
2,307,194
2,549,709
2,547,047
2,657,350
2,645,486
2,683,827
2,663,253
2,641,881
2,950,768
2,979,177
2,961,698
2,938,536
2,902,883
2,870,279
2,878,478
2,918,108
2,921,112
2,909,752
2,929,959
2,963,165
2,889,066
3,149,937
3,108,523
3,313,845
3,131,690
3,139,785
3,388,174
3,592,297
3,568,517
3,517,424
3,472,041
3,289,270
3,105,428
3,728,032
3,671,141
3,421,033
3,363,586
3,359,070
3,370,888
3,489,003
3,319,583
3,311,178
3,387,230
3,327,208
3,368,487
3,387,371
3,198,638
3,289,040
3,260,447
3,285,483
3,285,335
3,323,560
3,299,366
3,400,290
3,441,014
3,168,318
3,182,801
3,390,289
3,634,173
3,226,825
3,244,577
3,637,580
3,666,394
3,236,620
3,236,678
3,225,176
3,225,297
3,205,313
3,048,728
2,972,977
2,938,429
2,823,453
2,816,528
2,361,417
2,383,975
2,354,263
2,385,067

2,385,067

2,354,263

2,383,975

2,361,417

2,816,528

2,823,453

2,938,429

2,972,977

3,048,728

3,205,313

3,225,297

3,225,176

3,236,678

3,236,620

3,666,394

3,637,580

3,244,577

3,226,825

3,634,173

3,390,289

3,182,801

3,168,318

3,441,014

3,400,290

3,299,366

3,323,560

3,285,335

3,285,483

3,260,447

3,289,040

3,198,638

3,387,371

3,368,487

3,327,208

3,387,230

3,311,178

3,319,583

3,489,003

3,370,888

3,359,070

3,363,586

3,421,033

3,671,141

3,728,032

3,105,428

3,289,270

3,472,041

3,517,424

3,568,517

3,592,297

3,388,174

3,139,785

3,131,690

3,313,845

3,108,523

3,149,937

2,889,066

2,963,165

2,929,959

2,909,752

2,921,112

2,918,108

2,878,478

2,870,279

2,902,883

2,938,536

2,961,698

2,979,177

2,950,768

2,641,881

2,663,253

2,683,827

2,645,486

2,657,350

2,547,047

2,549,709

2,307,194

2,313,937

2,325,856

2,337,711

2,011,651

2,016,537

2,026,508

1,917,073

1,926,273

1,930,316

1,643,930

1,648,029

1,656,500

1,689,881

1,708,728

1,716,777

1,529,212

1,497,852

1,492,470

1,506,090

1,522,467

1,777,700

1,812,700

1,825,700

1,827,793

1,838,600

1,848,200

1,362,300

1,266,260

1,229,200

1,269,500

1,240,800

708,048

679,700

708,100

708,200

685,592

617,100

621,100

625,500

602,039

615,700

618,800

451,300

441,100

321,900

323,400

325,100

228,300

229,500

230,900

232,600

234,400

223,600

161,100

162,000

147,800

128,400

129,600

130,700

131,900

80,300

81,200

82,200

83,000

83,700

63,500

Common 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
574
0
0
0
657
0
0
0
669
0
0
0
988
0
0
0
1,315
0
0
1,300
1,319
1,319
1,319
1,319
1,319
1,310
1,304
1,295
1,288
1,288
1,288
1,288
1,288
1,289
1,422
1,428
1,428
1,773
1,773
1,773
1,773
1,998
1,998
2,099
2,099
2,099
2,100
2,100
2,101
2,111
2,119
2,125
2,254
2,254
2,255
2,277
2,277
2,237
2,237
2,239
2,239
2,584
646
721
721
721
721
837
837
837
837
838
838
1,183
1,183
1,184
1,184
1,184
1,289
1,289
1,296
1,297
1,298
1,263
1,263
1,255
1,255
1,255
1,240
1,240
1,241
1,241
1,242
1,214
1,215
1,215
1,216
1,219
1,219
1,219
1,219
1,215
1,215
1,215
1,215
1,219
1,219
1,215
1,152
1,127
1,112
1,106
1,094
1,097
1,097
1,067
1,068

1,068

1,067

1,097

1,094

1,106

1,112

1,127

1,152

1,215

1,219

1,215

1,219

1,216

1,215

1,214

1,242

1,241

1,240

1,255

1,263

1,298

1,297

1,296

1,289

1,184

1,183

838

837

721

646

2,584

2,239

2,237

2,277

2,255

2,254

2,125

2,119

2,111

2,101

2,100

2,099

1,998

1,773

1,428

1,422

1,289

1,288

1,295

1,304

1,310

1,319

1,300

1,315

988

669

657

574

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-735,871
-734,168
-759,113
-779,555
0
0
0
0
-1,115,036
-1,121,471
-1,143,309
-1,400,354
-1,446,402
0
-1,477,526
2,392,413
2,233,852
2,247,482
0
2,290,564
2,333,709
2,380,111
0
0
-1,223,025
-1,201,208
-1,209,014
-1,177,799
-1,201,357
-1,013,853
-978,817
-1,257,174
-1,243,310
-1,034,753
-794,358
-1,204,010
-1,189,736
-768,164
-742,329
-1,175,151
-1,178,432
-1,190,532
-1,192,382
-1,197,271
-1,200,343
-1,200,669
-1,200,386
-1,302,041
-1,283,395
-1,735,586
-1,721,066
0
0

-1,721,066

-1,735,586

-1,283,395

-1,302,041

-1,200,386

-1,200,669

-1,200,343

-1,197,271

-1,192,382

-1,190,532

-1,178,432

-1,175,151

-742,329

-768,164

-1,189,736

-1,204,010

-794,358

-1,034,753

-1,243,310

-1,257,174

-978,817

-1,013,853

-1,201,357

-1,177,799

-1,209,014

-1,201,208

-1,223,025

2,380,111

2,333,709

2,290,564

2,247,482

2,233,852

2,392,413

-1,477,526

-1,446,402

-1,400,354

-1,143,309

-1,121,471

-1,115,036

-779,555

-759,113

-734,168

-735,871

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-39,570
-39,570
0
0
-55,855
-55,855
0
0
-76,921
0
0
0
-111,669
0
0
0
-169,811
0
0
0
-7,361
-8,192
-8,311
-6,589
-5,995
-3,264
-936
-1,031
-414
650
424
-266,493
-284,548
-303,753
-323,450
-342,828
-363,015
-383,842
-405,252
-429,235
-454,411
-481,597
-506,409
-534,337
-549,208
-579,090
-607,832
-639,132
-668,460
-703,417
-736,336
-770,839
-808,216
-847,622
-799,958
-837,430
-862,958
-894,801
-823,527
-858,271
2,547
-327
-8,268
-13,560
-3,103,502
11,098
18,363
-21,489
-3,307,396
-220
-6,073
-1,044
565
2,577
-32,576
-26,930
-38,331
-26,724
-21,205
-39,765
-53,216
-72,228
-5,963
-5,142
-3,687
-3,014
-2,234
-1,117
-208
-1,002
1,235
2,671
-95
-2,106
-1,469
-1,006
-342
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,577,176
1,551,874

1,551,874

1,577,176

-342

-1,006

-1,469

-2,106

-95

2,671

1,235

-1,002

-208

-1,117

-2,234

-3,014

-3,687

-5,142

-5,963

-72,228

-53,216

-39,765

-21,205

-26,724

-38,331

-26,930

-32,576

2,577

565

-1,044

-6,073

-220

-3,307,396

-21,489

18,363

11,098

-3,103,502

-13,560

-8,268

-327

2,547

-858,271

-823,527

-894,801

-862,958

-837,430

-799,958

-847,622

-808,216

-770,839

-736,336

-703,417

-668,460

-639,132

-607,832

-579,090

-549,208

-534,337

-506,409

-481,597

-454,411

-429,235

-405,252

-383,842

-363,015

-342,828

-323,450

-303,753

-284,548

-266,493

424

650

-414

-1,031

-936

-3,264

-5,995

-6,589

-8,311

-8,192

-7,361

-169,811

-111,669

-76,921

-55,855

-39,570

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,348,849
3,348,849
3,349,114
3,613,828
0
0
0
0
3,585,400
4,212,082
4,212,182
4,213,472
4,213,474
0
4,483,653
4,484,552
4,487,133
4,491,093
0
4,410,951
4,414,611
4,393,409
4,398,033
4,402,927
4,363,177
4,367,190
4,372,610
4,378,184
4,380,313
4,295,772
4,300,822
4,306,020
4,305,974
4,304,560
4,308,049
4,310,353
4,313,831
4,285,266
4,288,245
4,291,293
4,294,632
4,295,226
4,297,197
4,282,106
4,128,656
4,053,256
4,018,440
4,005,125
3,979,566
3,976,643
3,984,681
3,930,372
0

3,930,372

3,984,681

3,976,643

3,979,566

4,005,125

4,018,440

4,053,256

4,128,656

4,282,106

4,297,197

4,295,226

4,294,632

4,291,293

4,288,245

4,285,266

4,313,831

4,310,353

4,308,049

4,304,560

4,305,974

4,306,020

4,300,822

4,295,772

4,380,313

4,378,184

4,372,610

4,367,190

4,363,177

4,402,927

4,398,033

4,393,409

4,414,611

4,410,951

4,491,093

4,487,133

4,484,552

4,483,653

4,213,474

4,213,472

4,212,182

4,212,082

3,585,400

3,613,828

3,349,114

3,348,849

Treasury Stock

Other Stockholders Equity

0
0
0
200
0
0
0
-2,000
0
0
0
-2,600
101,700
103,500
105,400
159,900
163,400
166,900
170,300
198,000
213,600
218,800
293,200
292,600
238,600
143,900
324,800
142,800
234,600
223,400
459,100
357,500
629,600
504,600
504,800
472,227
457,900
457,900
458,000
507,746
482,600
483,200
459,500
478,002
939,500
975,900
940,900
956,643
947,200
1,439,700
1,440,000
1,431,475
1,263,700
1,263,000
1,261,300
2,070,864
2,085,103
2,099,768
2,116,414
2,125,699
1,963,839
1,958,527
1,951,032
1,945,610
1,945,610
1,945,623
2,212,246
1,945,753
2,250,278
2,389,189
2,414,026
2,434,218
2,778,339
2,799,789
2,824,181
2,849,357
3,135,335
3,160,200
3,313,496
3,328,367
3,351,335
3,381,496
3,413,402
3,442,921
3,490,866
3,534,615
3,573,708
3,731,671
3,771,077
3,723,569
1,062,106
3,800,944
3,818,350
3,747,176
3,782,437
2,924,166
3,162,936
3,165,077
2,934,174
3,348,849
3,348,849
3,349,114
3,613,828
3,614,079
3,590,321
3,590,410
3,585,964
3,585,400
4,212,082
4,212,182
4,213,472
4,213,474
4,217,651
4,483,653
4,484,552
4,487,133
4,491,093
4,495,244
4,410,951
4,414,611
4,393,409
4,398,033
4,402,927
4,363,177
4,367,190
4,372,610
4,378,184
4,380,313
4,295,772
4,300,822
4,306,020
4,305,974
4,304,560
4,308,049
4,310,353
4,313,831
4,285,266
4,288,245
4,291,293
4,294,632
4,295,226
4,297,197
4,282,106
4,128,656
4,053,256
4,018,440
4,005,125
3,979,566
3,976,643
3,984,681
2,353,196
2,383,999

2,383,999

2,353,196

3,984,681

3,976,643

3,979,566

4,005,125

4,018,440

4,053,256

4,128,656

4,282,106

4,297,197

4,295,226

4,294,632

4,291,293

4,288,245

4,285,266

4,313,831

4,310,353

4,308,049

4,304,560

4,305,974

4,306,020

4,300,822

4,295,772

4,380,313

4,378,184

4,372,610

4,367,190

4,363,177

4,402,927

4,398,033

4,393,409

4,414,611

4,410,951

4,495,244

4,491,093

4,487,133

4,484,552

4,483,653

4,217,651

4,213,474

4,213,472

4,212,182

4,212,082

3,585,400

3,585,964

3,590,410

3,590,321

3,614,079

3,613,828

3,349,114

3,348,849

2,934,174

3,165,077

3,162,936

2,924,166

3,782,437

3,747,176

3,818,350

3,800,944

1,062,106

3,723,569

3,771,077

3,731,671

3,573,708

3,534,615

3,490,866

3,442,921

3,413,402

3,381,496

3,351,335

3,328,367

3,313,496

3,160,200

3,135,335

2,849,357

2,824,181

2,799,789

2,778,339

2,434,218

2,414,026

2,389,189

2,250,278

1,945,753

2,212,246

1,945,623

1,945,610

1,951,032

1,958,527

1,963,839

2,125,699

2,116,414

2,099,768

2,085,103

2,070,864

1,261,300

1,263,000

1,263,700

1,431,475

1,440,000

1,439,700

947,200

956,643

940,900

975,900

939,500

478,002

459,500

483,200

482,600

507,746

458,000

457,900

472,227

504,800

504,600

629,600

357,500

459,100

223,400

234,600

142,800

324,800

143,900

238,600

292,600

293,200

218,800

213,600

198,000

170,300

166,900

163,400

159,900

105,400

103,500

101,700

-2,600

-2,000

200

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	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31	1988-12-31	1987-12-31	1986-12-31
Accounts Payable	27,298	25,935	19,762	20,588	37,153	2,932	5,175	5,159	5,321	162,204	165,855	194,184	158,272	132,821	111,917	99,285	89,441	49,623	80,125	67,716	60,541	38,402	32,888	40,611	0	0	0	13,304	13,948	0	0	0	0	0	0	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-
Accumulated Other Comprehensive Income	1,551,874	0	0	0	0	-342	-95	-208	-3,687	-53,216	-38,331	565	-4,709	4,706	2,547	-862,958	-808,216	-668,460	-549,208	-454,411	-363,015	-284,548	-414	-5,995	-7,361	-169,811	-111,669	-76,921	-55,855	-39,570	0	0	0	0	0	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	4,380,313	4,363,177	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Capital Lease Obligations	0	0	0	0	0	0	1,001	1,946	0	0	0	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	120,331	120,357	120,415	120,478	120,482	120,479	0	0	0	0	0	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	3,979,566	4,128,656	4,294,632	4,313,831	4,305,974	4,380,313	4,363,177	4,414,611	4,487,133	4,213,474	3,585,400	0	3,348,849	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Cash	2,160,535	2,582,222	2,800,998	2,987,225	2,795,642	2,400,803	2,351,693	2,094,674	1,802,729	379,058	222,449	102,219	192,763	194,040	18,204	15,518	19,879	17,783	19,445	21,961	11,526	12,384	50,555	92,681	13,206	15,643	22,355	21,853	18,640	59,766	0	0	0	0	0	-	-	-
Cash And Equivalents	0	2,582,222	2,800,998	2,987,225	2,795,642	2,400,803	2,351,693	2,094,674	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Cash And Short Term Investments	2,160,535	2,582,222	2,800,998	2,987,225	2,795,642	2,400,803	2,351,693	2,094,674	1,802,729	379,058	222,449	102,219	192,763	194,040	18,204	15,518	19,879	17,783	19,445	21,961	11,526	12,384	50,555	92,681	13,206	15,643	22,355	21,853	18,640	59,766	0	0	0	0	0	-	-	-
Common Stock	1,068	1,094	1,152	1,215	1,219	1,216	1,242	1,240	1,263	1,296	1,184	838	837	721	2,239	2,277	2,254	2,101	2,099	1,773	1,428	1,288	1,288	1,319	1,319	1,315	988	669	657	574	0	0	0	0	0	-	-	-
Common Stock Shares Outstanding	110,185	112,825	121,411	126,606	126,260	123,385	125,129	126,768	129,437	125,163	112,378	83,750	77,428	64,703	63,353	63,915	60,889	54,131	49,458	44,039	34,068	32,434	32,563	32,984	32,961	29,967	23,042	16,564	11,889	13,185	8,608	6,667	5,470	4,017	2,500	2,500	1,794	1,667
Common Stock Total Equity	0	1,094	1,152	1,215	1,219	1,216	1,242	1,240	1,263	1,296	1,184	838	837	721	2,239	2,277	2,254	2,101	2,099	1,773	1,428	1,288	1,288	1,319	1,319	1,315	988	669	657	574	0	0	0	0	0	-	-	-
Current Deferred Revenue	1,990	2,355	3,986	2,928	3,127	9,451	11,076	18,460	27,340	31,359	27,553	35,700	37,653	27,988	57,229	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	-	-	-
Deferred Long Term Liab	0	12,193	11,700	13,008	28,648	55,431	11,076	18,460	27,340	31,359	27,553	35,700	0	27,988	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	-	-	-
Good Will	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	275	23,847	48,281	88,760	198,287	255,812	427,756	343,917	233,913	166,453	164,308	150,672	167,879	161,787	149,063	68,983	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Inventory	0	0	0	0	2,825,202	0	97,688	0	0	0	0	0	7,869	114,426	11,662	145,849	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Liabilities And Stockholders Equity	2,425,041	2,854,885	3,081,383	3,277,671	3,319,377	3,530,772	4,236,945	4,526,075	5,244,372	5,761,639	6,646,434	8,189,634	7,447,026	6,588,520	6,121,321	6,016,099	5,859,332	5,575,949	5,327,167	4,813,330	4,013,244	3,206,340	2,805,426	2,900,143	2,953,308	3,064,057	2,135,963	1,229,522	999,677	840,206	527,700	374,500	340,700	290,100	205,600	154,900	154,600	64,900
Long Term Debt	0	0	0	0	25,691	274,955	848,578	1,141,667	1,710,324	2,207,665	2,770,410	3,957,821	3,577,331	3,206,066	2,992,650	2,889,918	2,774,160	2,397,231	2,511,858	2,245,270	1,870,325	1,210,400	782,017	1,258,350	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Long Term Debt Total	0	0	0	0	25,691	274,955	848,578	1,141,667	1,710,324	2,207,665	2,770,410	3,957,821	0	3,206,066	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	249,602	276,928	0	0	0	1,091,522	356,543	0	285,890	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	-	-	-
Net Debt	-2,160,535	-2,582,222	-2,800,998	-2,987,225	-2,769,951	-2,125,848	-1,502,114	-951,061	-88,109	1,855,391	2,816,896	4,316,906	3,454,747	3,100,489	3,021,794	2,884,473	2,806,287	2,433,989	2,806,574	2,564,331	2,310,501	1,209,902	1,046,662	1,210,269	1,336,684	1,123,630	770,627	470,322	251,119	156,747	81,300	143,000	103,000	125,500	70,000	-	-	-
Net Invested Capital	2,265,804	2,697,265	2,929,465	3,117,415	3,151,005	3,338,493	4,028,681	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Receivables	15,737	16,009	15,549	14,702	19,554	51,089	93,436	152,031	174,676	248,101	223,769	253,394	217,592	191,237	194,358	196,839	197,967	172,566	145,385	113,504	83,973	63,105	46,847	38,335	36,683	36,229	20,455	11,612	7,895	4,712	0	0	0	0	0	-	-	-
Net Tangible Assets	0	2,697,265	2,929,465	3,117,415	3,125,314	3,063,538	3,180,103	3,141,184	3,249,224	2,934,926	2,474,113	2,044,011	0	2,384,492	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Working Capital	2,141,344	2,567,078	2,790,434	2,970,348	2,775,512	2,392,822	2,480,654	2,139,382	1,858,723	451,311	810,323	298,890	314,392	141,087	108,932	-436,336	128,405	140,726	-91,170	-39,535	-316,501	11,389	45,702	63,116	-31,011	-52,328	-38,990	4,165	-17,765	42,778	0	0	0	0	0	-	-	-
Non Current Assets Total	248,769	256,654	264,836	275,744	499,178	1,075,582	1,685,231	2,272,838	3,234,722	5,116,765	5,604,584	7,645,563	6,831,456	6,198,161	5,772,798	5,379,299	5,498,750	5,261,692	5,042,977	4,587,525	3,858,142	3,070,600	2,646,789	2,706,556	2,870,971	2,966,453	1,968,488	1,182,085	963,622	766,990	349,800	310,900	262,600	188,400	144,300	-	-	-
Non Current Liabilities Other	0	0	0	0	0	117	2,841	1,946	4,296	188,988	199,790	358,488	0	189,763	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	34,928	5,218	26,113	2,928	25,691	275,072	854,314	1,151,773	1,724,958	2,248,493	3,051,321	4,442,985	3,577,331	3,207,558	2,992,664	2,251,298	2,826,166	2,451,772	2,570,019	2,411,292	1,910,027	1,280,067	1,097,200	1,303,000	1,349,900	1,132,100	787,900	492,200	269,800	216,500	81,300	143,000	103,000	125,500	70,000	-	-	-
Non Currrent Assets Other	248,769	18,061	15,173	17,353	39,757	825,705	1,384,456	2,224,557	3,145,962	4,918,478	4,830,781	7,033,096	343,917	171,361	174,716	-5,379,299	-5,498,750	-5,261,692	-5,042,977	-4,587,525	-3,858,142	-3,070,600	-2,646,789	-2,706,556	-2,870,971	-2,966,453	-1,968,488	-1,182,085	-963,622	-766,990	-349,800	-310,900	-262,600	-188,400	-144,300	-	-	-
Noncontrolling Interest In Consolidated Entity	0	7,204	6,542	6,486	1,295	1,197	1,129	0	0	0	0	396,040	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	248,769	256,654	280,385	17,353	39,757	62,306	87,546	122,608	32,245	199,880	160,805	183,141	197,346	171,361	124,299	424,443	142,736	123,908	119,360	90,340	59,603	60,251	61,235	62,571	32,448	45,732	124,665	13,972	9,520	8,738	0	0	0	0	0	-	-	-
Other Current Assets	-2,176,272	-2,598,231	-2,816,547	-3,001,927	-2,820,199	3,298	106,585	6,532	32,245	17,715	595,632	188,458	197,346	5,082	124,299	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Current Liab	5,640	2,863	2,365	10,991	6,937	46,091	1,840	-26,819	-36,724	129,448	28,734	2,339	35,074	31,521	23,097	-648,693	-89,441	-49,623	-256,000	-175,000	-412,000	64,100	51,700	67,900	80,900	104,200	81,800	15,996	30,352	-194,813	0	0	0	0	0	-	-	-
Other Liab	0	2,355	3,986	2,928	3,127	9,451	11,076	26,620	37,678	72,187	111,583	144,161	142,906	126,941	135,997	105,784	92,848	134,216	81,400	83,389	64,231	25,688	18,821	27,370	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Stockholder Equity	2,383,999	3,979,566	4,128,656	4,294,632	4,313,831	4,305,974	4,380,313	4,363,177	4,414,611	4,487,133	4,213,474	3,585,400	3,614,079	3,348,849	2,924,166	3,800,944	3,731,671	3,442,921	3,328,367	2,849,357	2,434,218	1,945,753	1,945,610	2,125,699	2,070,864	1,431,475	956,643	478,002	507,746	472,227	357,500	142,800	292,600	198,000	159,900	-2,600	-2,000	200
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	-	-	-
Preferred Stock Total Equity	0	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	384,657	633,661	633,661	778,676	513,285	682,364	682,364	682,364	803,134	482,935	482,935	482,935	482,935	193,086	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Property Plant And Equipment Gross	0	0	0	0	0	0	0	0	0	0	0	0	6,310,062	5,506,997	5,439,260	5,689,456	5,498,750	5,261,692	4,848,680	4,379,721	3,597,934	2,806,513	2,373,347	2,386,008	2,549,485	2,786,671	1,857,354	928,818	722,356	633,513	0	0	0	0	0	-	-	-
Property Plant And Equipment Net	0	238,593	249,663	258,391	459,421	0	0	0	0	0	0	0	6,310,062	5,855,336	5,439,260	5,379,299	5,498,750	5,261,692	4,848,680	4,379,721	3,597,934	2,806,513	2,373,347	2,386,008	2,549,485	2,786,671	1,857,354	928,818	722,356	633,513	349,800	310,900	262,600	188,400	144,300	-	-	-
Property Plant Equipment	0	238,593	249,663	258,391	459,421	763,674	1,296,893	2,101,635	2,988,413	4,697,998	4,642,106	6,821,803	0	5,506,997	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Retained Earnings	-1,671,137	-1,283,395	-1,200,343	-1,178,432	-1,189,736	-1,243,310	-1,201,357	-1,223,025	-1,428,354	-1,500,287	-1,446,402	-1,115,036	-820,366	-735,871	-722,250	-701,515	-705,190	-628,928	-618,707	-572,460	-543,915	-503,703	-483,070	-437,791	-442,857	564,814	420,298	306,298	233,044	168,808	83,600	85,500	-58,200	-50,200	-28,000	85,600	85,700	63,300
Retained Earnings Total Equity	0	-1,283,395	-1,200,343	-1,178,432	-1,189,736	-1,243,310	-1,201,357	-1,223,025	2,333,709	2,233,852	-1,446,402	-1,115,036	0	-735,871	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Short Long Term Debt	0	0	0	0	0	0	849,579	1,143,613	3,687	7,462	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Short Long Term Debt Total	0	0	0	0	25,691	274,955	849,579	1,143,613	1,714,620	2,234,449	3,039,345	4,419,125	3,647,510	3,294,529	3,039,998	2,899,991	2,826,166	2,451,772	2,826,019	2,586,292	2,322,027	1,222,286	1,097,217	1,302,950	1,349,890	1,139,273	792,982	492,175	269,759	216,513	81,300	143,000	103,000	125,500	70,000	-	-	-
Short Term Debt	0	2,355	3,986	2,928	597	13,228	64,045	117,055	154,990	14,044	9,385	12,958	70,179	88,463	47,348	648,693	0	0	256,000	175,000	412,000	0	0	0	0	0	0	0	0	216,513	0	0	0	0	0	-	-	-
Short Term Investments	0	0	0	0	0	249,602	276,928	6,532	32,245	17,715	22,101	16,626	7,869	5,082	11,662	10,837	18,027	21,635	18,348	22,257	9,163	9,415	8,582	23,126	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	-	-	-
Total Assets	2,425,041	2,854,885	3,081,383	3,277,671	3,319,377	3,530,772	4,236,945	4,526,075	5,244,372	5,761,639	6,646,434	8,189,634	7,447,026	6,588,520	6,121,321	6,016,099	5,859,332	5,575,949	5,327,167	4,813,330	4,013,244	3,206,340	2,805,426	2,900,143	2,953,308	3,064,057	2,135,963	1,229,522	999,677	840,206	527,700	374,500	340,700	290,100	205,600	154,900	154,600	64,900
Total Current Assets	2,176,272	2,598,231	2,816,547	3,001,927	2,820,199	2,455,190	2,551,714	2,253,237	2,009,650	644,874	1,041,850	544,071	615,570	390,359	348,523	212,357	217,846	190,349	164,830	135,465	95,499	75,489	97,402	131,016	49,889	51,872	42,810	33,465	26,535	64,478	0	0	0	0	0	-	-	-
Total Current Liabilities	34,928	31,153	26,113	34,507	47,814	71,702	82,136	113,855	150,927	193,563	231,527	245,181	301,178	249,272	239,591	648,693	89,441	49,623	256,000	175,000	412,000	64,100	51,700	67,900	80,900	104,200	81,800	29,300	44,300	21,700	0	0	0	0	0	-	-	-
Total Liab	34,928	31,153	26,113	34,507	73,505	346,774	936,450	1,265,628	1,875,885	2,442,056	3,282,848	4,688,166	3,878,509	3,456,830	3,232,255	3,094,987	2,956,449	2,625,181	2,681,681	2,506,136	2,001,593	1,280,067	1,148,926	1,370,931	1,430,841	1,236,264	869,703	521,474	314,085	238,167	81,300	143,000	103,000	125,500	70,000	-	-	-
Total Permanent Equity	0	0	0	0	0	0	3,300,495	3,260,447	0	0	0	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	2,385,067	2,816,528	3,048,728	3,236,678	3,244,577	3,182,801	3,299,366	3,260,447	3,368,487	3,319,583	3,363,586	3,105,428	3,568,517	3,131,690	2,889,066	2,921,112	2,902,883	2,950,768	2,645,486	2,307,194	2,011,651	1,926,273	1,656,500	1,529,212	1,522,467	1,827,793	1,266,260	708,048	685,592	602,039	441,100	228,300	234,400	147,800	131,900	83,000	83,700	63,500
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
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	-	-	-

	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	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31	1988-12-31	1988-09-30	1988-06-30	1988-03-31	1987-12-31	1987-09-30	1987-06-30	1987-03-31	1986-12-31	1986-09-30	1986-06-30	1986-03-31
Accounts Payable	27,298	23,027	20,016	19,642	25,935	21,704	18,619	15,505	19,762	27,391	1,670	21,007	20,588	25,702	25,821	25,966	37,153	38,218	2,636	3,014	2,932	3,341	4,815	42,007	5,175	5,150	4,353	62,518	5,159	4,898	117,363	5,047	5,321	5,528	4,053	149,009	162,204	163,075	138,412	136,482	165,855	169,498	165,449	155,993	194,184	143,192	158,044	140,172	158,272	148,525	137,357	113,761	123,823	108,792	119,981	91,407	111,917	99,214	101,886	96,597	99,285	101,723	96,358	81,040	89,441	88,122	87,111	71,279	49,623	75,796	79,729	67,078	80,125	64,993	73,137	43,494	67,716	67,512	62,545	54,421	60,541	45,261	43,676	36,587	38,402	38,548	28,477	25,693	32,888	30,459	28,473	27,144	40,611	46,302	46,075	42,699	0	0	0	0	0	0	0	0	0	0	0	0	13,304	0	0	0	13,948	0	0	0	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 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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	1,551,874	1,577,176	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-342	-1,006	-1,469	-2,106	-95	2,671	1,235	-1,002	-208	-1,117	-2,234	-3,014	-3,687	-5,142	-5,963	-72,228	-53,216	-39,765	-21,205	-26,724	-38,331	-26,930	-32,576	2,577	565	-1,044	-6,073	-220	-3,307,396	-21,489	18,363	11,098	-3,103,502	-13,560	-8,268	-327	2,547	-858,271	-823,527	-894,801	-862,958	-837,430	-799,958	-847,622	-808,216	-770,839	-736,336	-703,417	-668,460	-639,132	-607,832	-579,090	-549,208	-534,337	-506,409	-481,597	-454,411	-429,235	-405,252	-383,842	-363,015	-342,828	-323,450	-303,753	-284,548	-266,493	424	650	-414	-1,031	-936	-3,264	-5,995	-6,589	-8,311	-8,192	-7,361	0	0	0	-169,811	0	0	0	-111,669	0	0	0	-76,921	0	0	-55,855	-55,855	0	0	-39,570	-39,570	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,306,020	4,300,822	4,295,772	4,380,313	4,378,184	4,372,610	4,367,190	4,363,177	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	120,331	120,330	120,360	120,360	120,357	120,369	120,375	120,390	120,415	120,478	120,482	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,930,372	3,984,681	3,976,643	3,979,566	4,005,125	4,018,440	4,053,256	4,128,656	4,282,106	4,297,197	4,295,226	4,294,632	4,291,293	4,288,245	4,285,266	4,313,831	4,310,353	4,308,049	4,304,560	4,305,974	4,306,020	4,300,822	4,295,772	4,380,313	4,378,184	4,372,610	4,367,190	4,363,177	4,402,927	4,398,033	4,393,409	4,414,611	4,410,951	0	4,491,093	4,487,133	4,484,552	4,483,653	0	4,213,474	4,213,472	4,212,182	4,212,082	3,585,400	0	0	0	0	3,613,828	3,349,114	3,348,849	3,348,849	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	-	-	-	-	-	-	-	-	-	-	-	-
Cash	2,160,535	2,127,788	2,153,047	2,128,688	2,582,222	2,692,354	2,691,503	2,721,929	2,800,998	2,961,564	2,965,788	2,971,052	2,987,225	3,418,240	3,437,775	3,348,349	2,795,642	3,205,775	3,180,548	3,069,501	2,400,803	2,673,328	2,507,117	2,837,671	2,351,693	2,233,077	1,967,549	1,888,537	2,094,674	2,405,174	1,772,337	1,742,128	1,802,729	1,649,162	1,286,902	421,736	379,058	597,405	428,373	177,555	222,449	165,990	77,520	48,692	102,219	72,680	138,805	193,587	192,763	210,673	55,035	25,389	194,040	174,723	33,443	138,702	18,204	33,227	38,138	35,317	15,518	24,851	33,277	32,065	19,879	25,639	29,026	23,059	17,783	33,458	35,099	35,587	19,445	21,514	18,921	22,335	21,961	26,569	19,553	43,609	11,526	21,044	18,698	24,583	12,384	185,182	13,473	9,709	50,555	73,871	69,405	85,754	92,681	39,530	9,674	5,214	13,206	16,700	27,000	32,600	15,643	46,900	27,600	21,700	22,355	71,800	40,000	81,300	21,853	17,100	18,400	20,800	18,640	20,900	27,500	30,900	59,766	58,600	24,600	41,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Equivalents	0	2,127,788	2,153,047	2,128,688	2,582,222	2,692,354	2,691,503	2,721,929	2,800,998	2,961,564	2,965,788	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,160,535	2,127,788	2,153,047	2,128,688	2,582,222	2,692,354	2,691,503	2,721,929	2,800,998	2,961,564	2,965,788	2,971,052	2,987,225	3,418,240	3,437,775	3,348,349	2,795,642	3,205,775	3,180,548	3,069,501	2,400,803	2,673,328	2,507,117	2,837,671	2,351,693	2,233,077	1,967,549	1,888,537	2,094,674	2,405,174	1,772,337	1,742,128	1,802,729	1,649,162	1,286,902	421,736	379,058	597,405	428,373	177,555	222,449	165,990	77,520	48,692	102,219	72,680	138,805	193,587	192,763	210,673	55,035	25,389	194,040	174,723	33,443	138,702	18,204	33,227	38,138	35,317	15,518	24,851	33,277	32,065	19,879	25,639	29,026	23,059	17,783	33,458	35,099	35,587	19,445	21,514	18,921	22,335	21,961	26,569	19,553	43,609	11,526	276,405	18,698	286,107	12,384	185,182	13,473	9,709	50,555	372,996	376,568	85,754	92,681	39,530	9,674	5,214	13,206	16,700	27,000	32,600	15,643	46,900	27,600	21,700	22,355	71,800	40,000	81,300	21,853	17,100	18,400	20,800	18,640	20,900	27,500	30,900	59,766	58,600	24,600	41,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock	1,068	1,067	1,097	1,097	1,094	1,106	1,112	1,127	1,152	1,215	1,219	1,219	1,215	1,215	1,215	1,215	1,219	1,219	1,219	1,219	1,216	1,215	1,215	1,214	1,242	1,241	1,241	1,240	1,240	1,255	1,255	1,255	1,263	1,263	1,298	1,297	1,296	1,289	1,289	1,184	1,184	1,184	1,183	1,183	838	838	837	837	837	837	721	721	721	721	646	2,584	2,239	2,239	2,237	2,237	2,277	2,277	2,255	2,254	2,254	2,125	2,119	2,111	2,101	2,100	2,100	2,099	2,099	2,099	1,998	1,998	1,773	1,773	1,773	1,773	1,428	1,428	1,422	1,289	1,288	1,288	1,288	1,288	1,288	1,295	1,304	1,310	1,319	1,319	1,319	1,319	1,319	1,300	0	0	1,315	0	0	0	988	0	0	0	669	0	0	0	657	0	0	0	574	0	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	108,015	110,217	111,237	111,300	111,171	112,596	113,380	113,740	119,285	122,190	122,189	122,002	121,673	121,673	123,255	126,605	123,490	123,564	125,862	125,822	123,376	122,851	122,649	127,097	124,293	125,175	124,067	125,150	126,048	126,568	126,937	127,522	127,493	129,878	130,537	129,874	129,398	131,243	123,812	118,400	118,387	118,328	118,309	94,154	83,745	83,745	83,727	83,722	81,536	81,536	72,144	79,437	65,173	72,471	71,893	64,030	55,933	63,230	63,222	63,703	56,813	64,111	63,661	63,659	53,020	60,318	60,229	59,951	52,498	52,498	52,492	52,465	50,365	50,365	49,955	44,954	44,321	44,321	44,319	43,181	35,679	35,679	32,630	32,212	32,206	32,206	32,203	32,202	32,484	32,484	32,655	32,898	32,986	32,986	32,984	32,980	32,292	32,292	33,661	33,056	33,417	33,417	28,611	25,323	24,355	24,355	24,911	17,963	16,518	16,518	16,544	16,458	14,907	14,907	15,096	14,758	14,444	14,444	12,813	11,284	8,661	8,661	8,796	7,813	6,800	6,800	6,600	6,771	5,096	5,096	5,000	4,808	3,864	3,864	3,977	3,977	2,500	2,500	2,500	2,500	2,500	2,500	2,625	2,500	1,705	1,705	1,705	1,705	1,250	1,250	1,709	1,709
Common Stock Total Equity	0	0	1,097	1,097	1,094	1,106	1,112	1,127	1,152	1,215	1,219	1,219	1,215	1,215	1,215	1,215	1,219	1,219	1,219	1,219	1,216	1,215	1,215	1,214	1,242	1,241	1,241	1,240	1,240	1,255	1,255	1,255	1,263	1,263	1,298	1,297	1,296	1,289	1,289	1,184	1,184	1,184	1,183	1,183	838	838	837	837	837	837	721	721	721	721	646	2,584	2,239	0	2,237	2,237	2,277	2,277	2,255	2,254	2,254	2,125	2,119	2,111	2,101	2,100	2,100	2,099	2,099	2,099	1,998	1,998	1,773	1,773	1,773	1,773	1,428	1,428	1,422	1,289	1,288	1,288	1,288	1,288	1,288	1,295	1,304	1,310	1,319	1,319	1,319	1,319	1,319	1,300	0	0	1,315	0	0	0	988	0	0	0	669	0	0	657	657	0	0	574	574	0	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	1,990	2,133	3,132	2,815	2,355	2,637	2,763	3,732	3,986	2,424	2,373	2,979	2,928	1,861	2,521	2,118	3,127	3,533	3,554	5,119	9,451	8,182	10,173	9,225	11,076	14,355	19,095	18,485	18,460	21,529	24,615	23,588	27,340	29,744	21,860	30,719	31,359	26,197	29,266	29,618	27,553	29,220	29,260	34,703	35,700	25,883	32,163	33,872	11,295	35,593	31,579	11,488	8,998	25,602	30,150	0	57,229	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	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	12,193	11,976	12,189	0	11,700	11,680	0	0	13,008	0	0	0	28,648	0	25,904	0	55,431	0	10,173	9,225	11,076	14,355	19,095	18,485	18,460	0	0	23,588	27,340	29,744	0	30,719	31,359	26,197	29,266	0	27,553	29,220	29,260	34,703	35,700	0	0	0	0	35,593	31,579	29,293	27,988	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	92	183	275	596	2,946	3,621	23,847	28,108	42,719	45,482	48,281	52,017	70,724	83,121	88,760	99,017	121,912	184,894	198,287	212,584	227,197	244,634	255,812	272,381	394,978	416,763	427,756	371,929	364,282	374,022	343,917	360,293	287,241	270,676	233,913	179,357	175,130	156,877	166,453	163,753	157,428	159,428	164,308	160,401	151,869	162,007	150,672	156,743	163,224	162,538	167,879	164,155	173,510	177,279	161,787	150,761	149,087	142,451	149,063	139,607	67,994	67,569	68,983	45,651	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	97,688	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,869	10,102	5,109	0	114,426	7,075	12,474	10,490	11,662	11,638	8,993	9,880	145,849	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	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities And Stockholders Equity	2,425,041	2,393,786	2,421,843	2,399,324	2,854,885	2,968,520	2,968,480	3,000,018	3,081,383	3,244,603	3,256,268	3,260,676	3,277,671	3,708,774	3,733,155	3,704,057	3,319,377	3,731,343	3,702,171	3,713,937	3,530,772	3,813,728	3,776,874	4,137,306	4,236,945	4,260,289	4,491,116	4,518,756	4,526,075	4,965,767	4,911,775	5,103,149	5,244,372	5,324,243	5,548,046	5,734,296	5,761,639	6,170,796	6,593,360	6,600,714	6,646,434	6,821,987	8,019,538	8,082,668	8,189,634	7,946,955	7,798,584	7,713,391	7,447,026	7,458,190	6,959,999	6,689,687	6,588,520	6,373,775	6,205,018	6,234,751	6,121,321	6,007,527	5,926,090	6,070,451	6,016,099	6,070,543	6,003,146	5,959,846	5,859,332	5,800,512	5,750,889	5,636,768	5,575,949	5,454,778	5,441,519	5,355,189	5,327,167	5,154,048	5,012,423	4,823,683	4,813,330	4,752,257	4,045,756	4,027,411	4,013,244	3,494,801	3,364,060	3,308,800	3,206,340	3,107,863	2,850,709	2,843,414	2,805,426	2,841,579	2,854,491	2,871,751	2,900,143	2,939,247	2,923,135	2,934,381	2,953,308	3,325,200	3,102,200	3,050,700	3,064,057	2,926,100	2,804,300	2,389,300	2,135,963	1,851,300	1,821,900	1,679,400	1,229,522	1,069,900	1,043,300	1,023,600	999,677	1,000,200	1,043,400	1,027,900	840,206	847,400	690,600	529,700	527,700	443,700	433,900	382,000	374,500	352,100	352,900	337,700	340,700	335,200	303,300	304,500	290,100	225,600	226,700	225,600	205,600	187,100	179,900	154,300	154,900	-	-	-	154,600	-	-	-	64,900	-	-	-
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	25,281	25,487	25,691	25,896	26,091	274,977	274,955	279,901	280,012	678,527	848,578	850,576	1,100,355	1,141,628	1,141,667	1,557,260	1,557,557	1,557,839	1,710,324	1,828,073	1,973,692	2,205,075	2,207,665	2,442,942	2,751,604	2,989,939	2,770,410	2,879,821	3,281,509	3,285,214	3,957,821	4,151,036	3,817,861	3,706,234	3,577,331	3,321,535	3,067,769	3,037,207	3,206,066	2,826,691	2,879,274	2,880,928	2,992,650	2,816,201	2,777,703	2,952,509	2,889,918	2,930,955	2,921,620	2,911,699	2,774,160	2,674,859	2,614,133	2,499,305	2,397,231	2,639,621	2,611,077	2,513,246	2,520,156	2,333,543	2,310,524	2,157,568	2,245,270	2,272,430	1,596,654	1,571,076	1,870,325	1,396,738	1,261,359	1,326,396	1,210,400	1,109,950	1,155,237	1,145,577	782,017	1,098,362	1,098,910	1,099,940	1,258,350	1,367,194	1,358,392	1,356,631	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	25,281	25,487	25,691	25,896	26,091	274,977	274,955	279,901	280,012	678,527	848,578	850,576	1,100,355	1,141,628	1,141,667	1,557,260	1,557,557	1,557,839	1,710,324	1,828,073	0	2,205,075	2,207,665	2,442,942	2,751,604	0	2,770,410	2,879,821	3,281,509	3,285,214	3,957,821	0	0	0	0	3,321,535	3,067,769	3,037,207	3,206,066	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	249,602	248,838	248,275	247,879	276,928	0	0	0	0	0	0	0	0	0	0	0	0	0	531,862	0	1,091,522	1,195,504	139,936	170,895	356,543	0	0	0	0	222,225	219,998	221,349	285,890	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	-2,160,535	-2,127,788	-2,153,047	-2,128,688	-2,582,222	-2,692,354	-2,691,503	-2,721,929	-2,800,998	-2,961,564	-2,965,788	-2,971,052	-2,987,225	-3,418,240	-3,412,494	-3,322,862	-2,769,951	-3,179,879	-3,154,457	-2,794,524	-2,125,848	-2,393,427	-2,227,105	-2,158,641	-1,502,114	-1,381,286	-865,765	-745,279	-951,061	-845,774	-212,019	-180,665	-88,109	183,801	692,518	1,807,559	1,855,391	1,874,487	2,589,585	2,845,448	2,816,896	2,986,918	3,636,259	3,676,098	4,316,906	4,148,943	3,748,293	3,585,039	3,454,747	3,418,481	3,242,734	3,346,948	3,077,966	2,695,481	2,890,380	2,797,740	3,021,794	2,861,089	2,786,554	2,962,769	2,932,312	2,541,467	2,521,046	2,934,231	2,806,287	2,712,060	2,634,242	2,524,451	2,433,989	3,367,021	3,298,318	3,103,965	2,806,574	2,722,595	2,578,552	2,260,227	2,564,331	2,380,284	1,608,570	1,559,563	2,310,501	1,375,694	1,242,661	1,301,813	1,209,902	924,768	1,141,764	1,135,868	1,046,662	1,024,491	1,029,505	1,014,186	1,210,269	1,327,664	1,359,352	1,351,417	1,336,684	1,413,000	1,159,400	1,089,400	1,123,630	937,800	832,800	874,200	770,627	466,800	468,300	282,500	470,322	329,200	297,900	276,000	251,119	343,800	357,100	335,700	156,747	157,900	37,400	31,400	81,300	115,500	103,900	50,000	143,000	120,000	120,200	103,000	103,000	103,000	139,500	139,500	125,500	87,000	87,000	85,000	70,000	87,500	97,000	70,100	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	2,265,804	2,235,000	2,264,712	2,242,154	2,697,265	2,704,190	2,819,166	2,853,714	2,929,465	3,086,050	3,106,034	3,105,913	3,117,415	3,117,357	3,572,412	3,543,804	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	15,737	15,174	16,151	15,606	16,009	16,234	15,960	15,644	15,549	15,473	15,310	14,629	14,702	14,486	13,968	14,964	19,554	19,347	19,735	31,151	51,089	50,103	57,347	55,910	93,436	107,832	115,371	152,081	152,031	150,728	169,800	176,740	174,676	184,679	209,089	249,408	248,101	238,207	238,033	239,766	223,769	218,301	274,988	267,733	253,394	246,313	236,001	226,565	217,592	212,737	203,304	205,691	191,237	198,899	196,781	203,044	194,358	187,495	188,512	203,034	196,839	181,998	174,677	202,335	197,967	191,591	182,980	181,752	172,566	165,691	159,320	158,022	145,385	134,921	126,621	119,465	113,504	104,840	96,152	93,120	83,973	76,898	73,605	65,192	63,105	55,737	50,406	48,372	46,847	42,819	39,970	39,849	38,335	40,990	40,145	37,925	36,683	0	0	0	36,229	0	0	0	20,455	19,700	0	0	11,612	0	0	7,895	7,895	0	0	4,712	4,712	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net Tangible Assets	0	2,235,000	2,264,712	2,242,154	2,697,265	2,704,190	2,819,166	2,853,714	2,929,465	3,086,050	3,106,034	3,105,913	3,117,415	3,117,357	3,547,131	3,518,317	3,125,314	3,107,562	3,514,818	3,270,843	3,063,538	3,048,459	3,318,805	3,277,406	3,180,103	3,176,189	3,123,353	3,120,738	3,141,184	3,237,023	3,127,914	3,184,987	3,249,224	3,108,928	0	3,007,021	2,934,926	3,157,153	2,759,014	0	2,474,113	2,514,991	2,642,502	2,677,608	2,044,011	0	0	0	0	2,453,328	2,321,844	2,355,824	2,384,492	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,141,344	2,111,412	2,139,182	2,114,042	2,567,078	2,570,663	2,684,805	2,717,822	2,790,434	2,944,268	2,956,666	2,959,602	2,970,348	2,968,919	3,424,234	3,390,590	2,772,385	2,752,244	3,162,175	3,055,098	2,383,488	2,368,981	2,518,723	2,887,073	2,469,578	2,270,705	2,340,803	2,029,153	2,139,382	2,496,921	1,983,015	1,830,760	1,858,723	1,821,104	1,717,337	524,765	451,311	654,913	498,573	444,480	810,323	844,380	289,795	283,323	298,890	61,020	115,027	153,220	314,392	306,876	214,608	-5,788	141,087	323,987	162,802	317,226	108,932	149,217	162,509	185,547	-436,336	-96,151	-93,046	56,500	128,405	129,108	124,895	133,532	140,726	-499,594	-476,076	-379,350	-91,170	-189,565	-90,458	61,800	-39,535	36,409	-7,495	18,129	-316,501	-458	16,103	24,475	-3,911	173,419	12,279	8,281	45,702	362,515	369,638	70,503	63,116	6,320	-22,481	-28,561	-31,011	-101,100	-76,100	-70,400	-52,328	-55,900	-68,200	-109,500	-38,990	8,000	-4,200	6,600	4,165	-26,800	-500	2,100	-17,765	2,500	-10,300	-4,900	42,778	43,300	14,800	36,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	248,769	250,824	252,645	255,030	256,654	259,932	261,017	262,445	264,836	267,566	275,170	274,995	275,744	276,048	277,309	281,629	499,178	501,765	499,578	611,518	1,075,582	1,080,589	1,203,991	1,197,848	1,685,231	1,911,723	2,053,399	2,407,587	2,272,838	2,359,647	2,785,095	3,127,744	3,234,722	3,349,789	3,659,923	5,029,803	5,116,765	5,319,630	5,904,125	5,951,275	5,604,584	5,742,003	7,520,492	7,592,019	7,645,563	7,614,331	7,409,449	7,276,044	6,831,456	6,842,419	6,471,714	6,453,077	6,198,161	5,839,452	5,847,085	5,746,943	5,772,798	5,651,553	5,566,528	5,694,436	5,803,742	5,278,326	5,136,960	5,588,276	5,641,486	5,435,660	5,416,028	5,282,185	5,385,600	5,112,195	5,135,603	5,044,083	5,162,337	4,884,036	4,762,581	4,568,647	4,677,865	4,523,035	3,846,075	3,819,486	3,917,745	3,333,537	3,203,982	3,156,124	3,070,600	2,805,965	2,731,584	2,721,880	2,646,789	2,662,287	2,672,270	2,680,515	2,706,556	2,820,681	2,829,198	2,851,344	2,870,971	3,066,200	2,821,500	2,697,900	2,966,453	2,634,100	2,529,300	2,124,100	1,968,488	1,521,800	1,504,900	1,319,900	1,182,085	773,500	750,800	730,700	963,622	712,100	831,400	820,500	766,990	652,000	504,800	324,400	349,800	311,800	312,900	309,400	310,900	312,600	314,100	267,600	262,600	260,700	259,400	259,500	188,400	145,000	145,900	143,900	144,300	145,100	146,100	122,100	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	81	0	0	39	78	0	0	0	1,656	2,841	1,215	3,448	2,643	1,946	2,807	4,448	3,793	4,296	6,799	0	24,220	188,988	28,950	169,766	0	199,790	207,585	462,719	460,569	358,488	0	0	0	0	221,144	207,193	178,891	189,763	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	34,928	31,550	30,016	22,457	5,218	116,221	21,382	19,237	23,748	0	0	2,979	2,928	1,861	25,281	25,487	25,691	25,896	26,130	275,055	275,072	280,059	280,405	683,442	854,314	857,729	1,107,741	1,150,215	1,151,773	1,567,528	1,569,472	1,571,133	1,724,958	1,843,685	1,990,030	2,243,390	2,248,493	2,485,540	3,031,810	3,036,685	3,051,321	3,165,350	3,737,810	3,748,612	4,442,985	4,175,227	3,842,350	3,706,234	3,577,331	3,556,998	3,298,148	3,307,504	3,207,558	2,849,594	2,901,364	2,914,232	2,992,664	2,837,605	2,799,078	2,970,231	2,299,137	2,263,318	2,253,323	3,089,567	2,826,166	2,737,699	2,663,268	2,547,510	2,451,772	2,701,736	2,662,922	2,566,593	2,570,019	2,398,109	2,361,473	2,202,562	2,411,292	2,311,853	1,719,900	1,689,700	1,910,027	1,478,264	1,337,552	1,391,727	1,280,067	1,110,000	1,155,200	1,145,600	1,097,200	1,098,400	1,098,900	1,099,900	1,303,000	1,367,200	1,358,400	1,356,600	1,349,900	1,429,700	1,186,400	1,122,000	1,132,100	984,700	860,300	895,800	787,900	538,600	508,300	363,800	492,200	346,300	316,300	296,800	269,800	364,700	384,600	366,600	216,500	216,500	62,000	73,000	81,300	115,500	103,900	50,000	143,000	120,000	120,200	103,000	103,000	103,000	139,500	139,500	125,500	87,000	87,000	85,000	70,000	87,500	97,000	70,100	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	248,769	18,057	17,737	18,194	18,061	18,469	16,418	262,445	264,836	267,566	275,170	274,995	275,744	276,048	277,309	281,629	499,178	501,765	499,486	611,335	825,705	831,155	952,770	946,348	1,384,456	1,603,989	1,732,608	2,086,508	2,224,557	2,307,630	2,714,371	3,044,623	3,145,962	3,250,772	3,538,011	4,844,909	4,918,478	5,107,046	5,145,066	5,187,707	4,830,781	4,952,368	7,114,107	7,163,862	7,033,096	245,812	228,562	584,188	343,917	403,866	338,368	532,900	519,700	187,654	0	0	174,716	0	0	0	114,286	-5,278,326	-5,136,960	-5,588,276	142,736	-5,435,660	-5,416,028	-5,282,185	123,908	-5,112,195	-5,135,603	-5,044,083	119,360	-4,884,036	-4,762,581	-4,568,647	90,340	-4,523,035	-3,846,075	-3,819,486	59,603	-3,333,537	-3,203,982	-3,156,124	-3,070,600	-2,805,965	-2,731,584	-2,721,880	-2,646,789	-2,662,287	-2,672,270	-2,680,515	-2,706,556	-2,820,681	-2,829,198	-2,851,344	-2,870,971	-3,066,200	-2,821,500	-2,697,900	-2,966,453	-2,634,100	-2,529,300	-2,124,100	-1,968,488	-1,521,800	-1,504,900	-1,319,900	-1,182,085	-773,500	-750,800	-730,700	-963,622	-712,100	-831,400	-820,500	-766,990	-652,000	-504,800	-324,400	-349,800	-311,800	-312,900	-309,400	-310,900	-312,600	-314,100	-267,600	-262,600	-260,700	-259,400	-259,500	-188,400	-145,000	-145,900	-143,900	-144,300	-145,100	-146,100	-122,100	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	7,852	7,655	7,204	7,142	7,393	7,290	6,542	6,521	6,539	6,442	6,486	6,486	7,347	7,034	1,295	1,288	1,450	1,272	1,197	1,193	1,295	1,189	1,129	1,139	1,126	1,042	0	0	0	0	0	0	0	0	0	0	0	0	0	0	401,336	398,698	396,040	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	250,824	0	255,030	256,654	259,932	261,017	262,445	280,385	3,244,603	290,480	16,862	17,353	18,164	18,645	22,525	39,757	41,271	2,310	1,767	62,031	63,858	76,512	78,902	1,775,219	1,911,723	2,401,602	2,471,983	2,264,738	2,373,110	2,935,861	3,139,991	3,226,622	3,453,839	4,012,604	5,021,703	5,108,665	5,311,530	5,896,025	6,157,845	6,170,008	6,412,146	7,639,914	7,742,413	7,815,976	7,612,912	7,408,030	7,276,044	7,028,802	7,024,678	6,688,577	6,444,964	6,189,978	5,993,078	5,962,320	5,882,515	5,897,097	5,775,167	5,690,447	5,822,220	6,016,099	585,368	658,232	137,170	5,859,332	147,622	122,855	149,772	5,575,949	143,434	111,497	117,497	5,327,167	113,577	104,300	113,236	4,813,330	97,813	83,976	71,196	4,013,244	63,322	67,775	62,901	60,251	60,979	55,246	63,453	61,235	-236,523	-234,317	65,633	62,571	38,046	44,118	39,898	32,448	242,300	253,700	320,200	45,732	245,100	247,400	243,500	124,665	238,000	277,000	278,200	13,972	279,300	274,100	272,100	9,520	267,200	184,500	176,500	8,738	136,800	161,200	163,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Assets	-2,176,272	-2,142,962	-2,169,198	-2,144,294	-2,598,231	-2,708,588	-2,707,463	0	0	0	0	0	0	0	4,103	59,115	5,003	4,456	2,310	1,767	3,298	9,708	8,419	45,877	106,585	7,657	354,797	70,551	6,532	50,218	184,543	56,537	32,245	140,613	392,132	33,349	17,715	15,554	22,829	232,118	595,632	695,693	146,538	174,224	188,458	13,631	14,329	17,195	197,346	182,259	224,837	5,530	5,082	153,626	115,235	135,572	124,299	123,614	123,919	127,784	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Liab	5,640	6,390	6,868	7,795	2,863	113,584	1,276	514	2,365	2,954	-4,249	5,072	10,991	438,105	5,791	81	7,534	435,583	-5,926	-7,914	-13,228	299,968	-11,286	1,153	1,840	-22,602	2,019	1,013	-26,819	667	1,687	169	-36,724	1,909	20,336	87,813	129,448	6,981	22,984	23,066	28,734	30,322	1,588	1,994	2,339	31,942	14,664	37,691	61,432	52,158	34,905	52,019	50,511	32,429	451	33,949	23,097	157,359	150,064	144,891	-648,693	-303,000	-301,000	177,900	-89,441	-88,122	-87,111	-71,279	-49,623	-698,743	-670,495	-572,959	-256,000	-346,000	-236,000	-80,000	-175,000	-95,000	123,200	118,600	-412,000	98,400	76,200	65,300	79,400	67,500	51,600	49,800	51,700	53,300	46,900	55,100	67,900	74,200	72,300	71,700	80,900	117,800	103,100	103,000	104,200	102,800	95,800	131,200	81,800	83,500	44,200	74,700	15,996	43,900	18,900	18,700	30,352	18,400	37,800	35,800	-194,813	15,300	9,800	5,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other Liab	0	2,133	0	0	2,355	5,678	2,763	3,732	3,986	4,701	2,373	2,979	2,928	1,861	2,521	2,118	3,127	3,533	3,554	5,119	9,451	8,182	10,173	13,637	18,652	21,508	28,500	28,085	28,566	32,464	38,217	37,051	41,974	47,265	58,534	69,034	72,187	68,795	97,456	115,223	111,583	116,635	130,103	141,731	144,161	152,603	140,553	143,955	142,906	160,833	136,699	128,934	126,941	124,447	106,336	112,479	109,134	128,947	116,542	111,593	105,784	119,757	106,690	96,828	92,848	98,995	87,947	87,007	90,105	97,480	87,460	91,038	81,400	98,162	81,715	72,912	83,389	98,378	60,701	64,203	64,231	36,265	32,517	28,744	25,688	29,049	23,065	24,115	18,821	22,877	18,380	27,890	27,370	27,899	26,198	28,961	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,383,999	2,353,196	3,984,681	3,976,643	3,979,566	4,005,125	4,018,440	4,053,256	4,128,656	4,282,106	4,297,197	4,295,226	4,294,632	4,291,293	4,288,245	4,285,266	4,313,831	4,310,353	4,308,049	4,304,560	4,305,974	4,306,020	4,300,822	4,295,772	4,380,313	4,378,184	4,372,610	4,367,190	4,363,177	4,402,927	4,398,033	4,393,409	4,414,611	4,410,951	4,495,244	4,491,093	4,487,133	4,484,552	4,483,653	4,217,651	4,213,474	4,213,472	4,212,182	4,212,082	3,585,400	3,585,964	3,590,410	3,590,321	3,614,079	3,613,828	3,349,114	3,348,849	3,348,849	2,934,174	3,165,077	3,162,936	2,924,166	3,782,437	3,747,176	3,818,350	3,800,944	1,062,106	3,723,569	3,771,077	3,731,671	3,573,708	3,534,615	3,490,866	3,442,921	3,413,402	3,381,496	3,351,335	3,328,367	3,313,496	3,160,200	3,135,335	2,849,357	2,824,181	2,799,789	2,778,339	2,434,218	2,414,026	2,389,189	2,250,278	1,945,753	2,212,246	1,945,623	1,945,610	1,945,610	1,951,032	1,958,527	1,963,839	2,125,699	2,116,414	2,099,768	2,085,103	2,070,864	1,261,300	1,263,000	1,263,700	1,431,475	1,440,000	1,439,700	947,200	956,643	940,900	975,900	939,500	478,002	459,500	483,200	482,600	507,746	458,000	457,900	457,900	472,227	504,800	504,600	629,600	357,500	459,100	223,400	234,600	142,800	324,800	143,900	238,600	292,600	293,200	218,800	213,600	198,000	170,300	166,900	163,400	159,900	105,400	103,500	101,700	-2,600	-	-	-	-2,000	-	-	-	200	-	-	-
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	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	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	119,263	384,654	119,263	384,657	119,266	384,677	633,661	633,661	633,661	633,661	633,661	633,661	633,661	778,676	778,676	778,676	778,676	779,089	513,285	513,285	682,364	682,364	682,364	682,364	682,364	682,364	682,364	682,364	682,364	682,364	682,364	682,364	803,134	803,134	803,134	803,134	434,864	434,864	434,864	482,935	482,935	482,935	482,935	482,935	482,935	482,935	482,935	482,935	482,935	482,935	482,935	482,935	483,266	193,086	193,086	193,086	193,086	193,113	193,277	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,817,594	6,636,368	6,515,601	6,310,062	6,259,901	5,964,475	5,750,077	5,506,997	5,478,077	5,680,459	5,573,324	5,439,260	5,490,508	5,408,475	5,694,436	5,689,456	5,658,393	5,136,960	5,588,276	5,498,750	5,435,660	5,416,028	5,282,185	5,261,692	5,112,195	5,135,603	5,044,083	4,848,680	4,678,538	4,554,926	4,363,100	4,379,721	4,304,861	3,625,630	3,596,897	3,597,934	3,078,176	2,945,656	2,894,600	2,806,513	2,540,446	2,463,998	2,451,827	2,373,347	2,363,162	2,364,107	2,368,597	2,386,008	2,512,538	2,524,139	2,538,268	2,549,485	3,066,200	2,821,500	2,697,900	2,786,671	2,634,100	2,529,300	2,124,100	1,857,354	1,521,800	1,504,900	1,319,900	928,818	773,500	750,800	730,700	722,356	712,100	831,400	820,500	633,513	652,000	504,800	324,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Net	0	232,767	234,908	236,836	238,593	241,463	244,599	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	6,817,594	6,636,368	6,515,601	6,310,062	6,259,901	6,302,843	5,750,077	5,506,997	5,478,077	5,680,459	5,573,324	5,439,260	5,490,508	5,408,475	5,694,436	5,689,456	5,278,326	5,136,960	5,588,276	5,498,750	5,435,660	5,416,028	5,282,185	5,261,692	5,112,195	5,135,603	5,044,083	4,848,680	4,678,538	4,554,926	4,363,100	4,379,721	4,304,861	3,625,630	3,596,897	3,597,934	3,078,176	2,945,656	2,894,600	2,806,513	2,540,446	2,463,998	2,451,827	2,373,347	2,363,162	2,364,107	2,368,597	2,386,008	2,512,538	2,524,139	2,538,268	2,549,485	3,066,200	2,821,500	2,697,900	2,786,671	2,634,100	2,529,300	2,124,100	1,857,354	1,521,800	1,504,900	1,319,900	928,818	773,500	750,800	730,700	722,356	712,100	831,400	820,500	633,513	652,000	504,800	324,400	349,800	311,800	312,900	309,400	310,900	312,600	314,100	267,600	262,600	260,700	259,400	259,500	188,400	145,000	145,900	143,900	144,300	145,100	146,100	122,100	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	0	232,767	234,908	236,836	238,593	241,463	244,599	246,769	249,663	252,221	254,898	258,133	258,391	257,884	258,664	259,104	459,421	460,494	463,803	569,009	763,674	767,297	876,258	867,362	1,296,893	1,503,776	1,633,299	1,959,810	2,101,635	0	0	2,891,945	2,988,413	3,088,158	0	4,633,227	4,697,998	4,898,041	4,938,862	0	4,642,106	4,757,038	6,888,922	6,942,072	6,821,803	0	0	0	0	6,259,901	5,964,475	5,750,077	5,506,997	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,671,137	-1,696,439	-1,721,066	-1,735,586	-1,283,395	-1,302,041	-1,200,386	-1,200,669	-1,200,343	-1,197,271	-1,192,382	-1,190,532	-1,178,432	-1,175,151	-742,329	-768,164	-1,189,736	-1,204,010	-794,358	-1,034,753	-1,243,310	-1,257,174	-978,817	-1,013,853	-1,201,357	-1,177,799	-1,209,014	-1,201,208	-1,223,025	-1,233,288	-1,317,679	-1,388,933	-1,428,354	-1,464,518	-1,488,003	-1,493,638	-1,500,287	-1,341,730	-1,477,526	-1,466,702	-1,446,402	-1,400,354	-1,143,309	-1,121,471	-1,115,036	-930,149	-891,809	-852,190	2,482,321	-779,555	-759,113	-734,168	2,372,337	-289,854	-731,296	-697,620	-722,250	-645,604	-678,291	-698,398	-701,515	2,008,791	-729,752	-737,794	-705,190	-669,592	-641,834	-613,517	-628,928	-569,353	-547,375	-525,381	-618,707	-606,843	-591,677	-588,962	-572,460	-565,717	-553,389	-541,494	-543,915	-539,024	-523,588	-513,676	-503,703	-499,991	-496,491	-492,605	-483,070	-454,501	-443,280	-438,385	-437,791	-468,557	-472,131	-458,618	-442,857	515,100	549,700	562,000	564,814	398,600	408,500	415,100	420,298	288,300	293,600	301,300	306,298	220,200	224,900	225,600	233,044	159,100	163,200	167,600	168,808	110,900	114,200	-178,300	83,600	-137,200	100,000	90,500	85,500	-95,300	87,000	-6,000	-58,200	-69,600	-57,700	-51,600	-50,200	-41,900	-37,300	-32,700	-28,000	-25,100	-22,300	-19,500	85,600	-	-	-	85,700	-	-	-	63,300	-	-	-
Retained Earnings Total Equity	0	0	-1,721,066	-1,735,586	-1,283,395	-1,302,041	-1,200,386	-1,200,669	-1,200,343	-1,197,271	-1,192,382	-1,190,532	-1,178,432	-1,175,151	-742,329	-768,164	-1,189,736	-1,204,010	-794,358	-1,034,753	-1,243,310	-1,257,174	-978,817	-1,013,853	-1,201,357	-1,177,799	-1,209,014	-1,201,208	-1,223,025	0	0	2,380,111	2,333,709	2,290,564	0	2,247,482	2,233,852	2,392,413	-1,477,526	0	-1,446,402	-1,400,354	-1,143,309	-1,121,471	-1,115,036	0	0	0	0	-779,555	-759,113	-734,168	-735,871	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	280,012	679,030	849,579	851,791	1,101,784	25,442	1,143,613	29,657	33,769	0	3,687	0	0	0	7,462	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	25,281	25,487	25,691	25,896	26,091	274,977	274,955	279,901	280,012	679,030	849,579	851,791	1,101,784	1,143,258	1,143,613	1,559,400	1,560,318	1,561,463	1,714,620	1,832,963	1,979,420	2,229,295	2,234,449	2,471,892	3,017,958	3,023,003	3,039,345	3,152,908	3,713,779	3,724,790	4,419,125	4,221,623	3,887,098	3,778,626	3,647,510	3,629,154	3,297,769	3,372,337	3,272,006	2,870,204	2,923,823	2,936,442	3,039,998	2,894,316	2,824,692	2,998,086	2,947,830	2,566,318	2,554,323	2,966,296	2,826,166	2,737,699	2,663,268	2,547,510	2,451,772	3,400,479	3,333,417	3,139,552	2,826,019	2,744,109	2,597,473	2,282,562	2,586,292	2,406,853	1,628,123	1,603,172	2,322,027	1,396,738	1,261,359	1,326,396	1,222,286	1,109,950	1,155,237	1,145,577	1,097,217	1,098,362	1,098,910	1,099,940	1,302,950	1,367,194	1,369,026	1,356,631	1,349,890	1,429,700	1,186,400	1,122,000	1,139,273	984,700	860,400	895,900	792,982	538,600	508,300	363,800	492,175	346,300	316,300	296,800	269,759	364,700	384,600	366,600	216,513	216,500	62,000	73,000	81,300	115,500	103,900	50,000	143,000	120,000	120,200	103,000	103,000	103,000	139,500	139,500	125,500	87,000	87,000	85,000	70,000	87,500	97,000	70,100	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	0	0	3,132	2,815	2,355	2,637	2,763	3,732	3,986	2,424	24,638	2,979	2,928	1,861	2,521	5,791	3,127	3,533	40,154	47,102	72,547	52,667	50,458	4,412	64,045	80,958	71,447	6,957	117,055	82,105	9,154	115,841	154,990	116,169	124,537	14,095	14,044	13,648	248,852	15,793	9,385	6,564	12,954	14,636	12,958	70,587	69,237	72,392	70,179	72,619	69,836	65,130	65,940	43,513	44,549	45,226	47,348	49,398	46,989	45,577	648,693	303,000	301,000	0	0	0	0	0	0	698,743	670,495	572,959	256,000	346,000	236,000	80,000	175,000	95,000	0	412,000	412,000	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	216,513	216,513	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	248,838	248,275	247,879	276,928	279,626	278,072	275,597	6,532	36,755	33,777	36,190	32,245	28,463	31,351	33,349	17,715	15,554	22,829	17,441	22,101	17,443	18,009	14,723	16,626	13,631	14,329	17,195	7,869	10,102	5,109	5,530	5,082	7,075	12,474	10,490	11,662	11,638	8,993	9,880	10,837	79,944	94,105	11,543	18,027	17,410	16,571	14,235	21,635	0	0	0	18,348	0	0	0	22,257	0	0	0	9,163	255,361	0	261,524	9,415	0	0	0	8,582	299,125	307,163	0	23,126	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	2,425,041	2,393,786	2,421,843	2,399,324	2,854,885	2,968,520	2,968,480	3,000,018	3,081,383	3,244,603	3,256,268	3,260,676	3,277,671	3,708,774	3,733,155	3,704,057	3,319,377	3,731,343	3,702,171	3,713,937	3,530,772	3,813,728	3,776,874	4,137,306	4,236,945	4,260,289	4,491,116	4,518,756	4,526,075	4,965,767	4,911,775	5,103,149	5,244,372	5,324,243	5,548,046	5,734,296	5,761,639	6,170,796	6,593,360	6,600,714	6,646,434	6,821,987	8,019,538	8,082,668	8,189,634	7,946,955	7,798,584	7,713,391	7,447,026	7,458,190	6,959,999	6,689,687	6,588,520	6,373,775	6,205,018	6,234,751	6,121,321	6,007,527	5,926,090	6,070,451	6,016,099	6,070,543	6,003,146	5,959,846	5,859,332	5,800,512	5,750,889	5,636,768	5,575,949	5,454,778	5,441,519	5,355,189	5,327,167	5,154,048	5,012,423	4,823,683	4,813,330	4,752,257	4,045,756	4,027,411	4,013,244	3,494,801	3,364,060	3,308,800	3,206,340	3,107,863	2,850,709	2,843,414	2,805,426	2,841,579	2,854,491	2,871,751	2,900,143	2,939,247	2,923,135	2,934,381	2,953,308	3,325,200	3,102,200	3,050,700	3,064,057	2,926,100	2,804,300	2,389,300	2,135,963	1,851,300	1,821,900	1,679,400	1,229,522	1,069,900	1,043,300	1,023,600	999,677	1,000,200	1,043,400	1,027,900	840,206	847,400	690,600	529,700	527,700	443,700	433,900	382,000	374,500	352,100	352,900	337,700	340,700	335,200	303,300	304,500	290,100	225,600	226,700	225,600	205,600	187,100	179,900	154,300	154,900	-	-	-	154,600	-	-	-	64,900	-	-	-
Total Current Assets	2,176,272	2,142,962	2,169,198	2,144,294	2,598,231	2,708,588	2,707,463	2,737,573	2,816,547	2,977,037	2,981,098	2,985,681	3,001,927	3,432,726	3,455,846	3,422,428	2,820,199	3,229,578	3,202,593	3,102,419	2,455,190	2,733,139	2,572,883	2,939,458	2,551,714	2,348,566	2,437,717	2,111,169	2,253,237	2,606,120	2,126,680	1,975,405	2,009,650	1,974,454	1,888,123	704,493	644,874	851,166	689,235	649,439	1,041,850	1,079,984	499,046	490,649	544,071	332,624	389,135	437,347	615,570	615,771	488,285	236,610	390,359	534,323	357,933	487,808	348,523	355,974	359,562	376,015	212,357	206,849	207,954	234,400	217,846	217,230	212,006	204,811	190,349	199,149	194,419	193,609	164,830	156,435	145,542	141,800	135,465	131,409	115,705	136,729	95,499	97,942	92,303	89,775	75,489	240,919	63,879	58,081	97,402	415,815	416,538	125,603	131,016	80,520	49,819	43,139	49,889	16,700	27,000	32,600	51,872	46,900	27,600	21,700	42,810	91,500	40,000	81,300	33,465	17,100	18,400	20,800	26,535	20,900	27,500	30,900	64,478	58,600	24,600	41,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Liabilities	34,928	31,550	30,016	30,252	31,153	137,925	22,658	19,751	26,113	32,769	24,432	29,058	34,507	465,668	34,133	33,956	47,814	477,334	40,418	47,321	71,702	364,158	54,160	52,385	82,136	77,861	96,914	82,016	113,855	109,199	143,665	144,645	150,927	153,350	170,786	179,728	193,563	196,253	190,662	204,959	231,527	235,604	209,251	207,326	245,181	271,604	274,108	284,127	301,178	308,895	273,677	242,398	249,272	210,336	195,131	170,582	239,591	206,757	197,053	190,468	648,693	303,000	301,000	177,900	89,441	88,122	87,111	71,279	49,623	698,743	670,495	572,959	256,000	346,000	236,000	80,000	175,000	95,000	123,200	118,600	412,000	98,400	76,200	65,300	79,400	67,500	51,600	49,800	51,700	53,300	46,900	55,100	67,900	74,200	72,300	71,700	80,900	117,800	103,100	103,000	104,200	102,800	95,800	131,200	81,800	83,500	44,200	74,700	29,300	43,900	18,900	18,700	44,300	18,400	37,800	35,800	21,700	15,300	9,800	5,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Total Liab	34,928	31,550	30,016	30,252	31,153	137,925	22,658	19,751	26,113	32,769	24,432	29,058	34,507	465,668	59,414	59,443	73,505	503,230	66,548	322,376	346,774	644,217	334,565	735,827	936,450	935,590	1,204,655	1,232,231	1,265,628	1,676,727	1,713,137	1,715,778	1,875,885	1,997,035	2,160,816	2,423,118	2,442,056	2,681,793	3,222,472	3,241,644	3,282,848	3,400,954	3,947,061	3,955,938	4,688,166	4,446,831	4,116,458	3,990,361	3,878,509	3,865,893	3,571,825	3,549,902	3,456,830	3,059,930	3,096,495	3,084,814	3,232,255	3,044,362	2,996,131	3,160,699	3,094,987	3,152,435	3,124,668	3,089,567	2,956,449	2,861,976	2,789,191	2,657,591	2,625,181	2,812,897	2,778,266	2,671,362	2,681,681	2,496,698	2,465,376	2,273,974	2,506,136	2,438,320	1,719,900	1,689,700	2,001,593	1,478,264	1,337,552	1,391,727	1,280,067	1,177,547	1,206,779	1,195,385	1,148,926	1,151,698	1,145,763	1,154,974	1,370,931	1,441,395	1,430,665	1,428,291	1,430,841	1,547,500	1,289,500	1,225,000	1,236,264	1,087,500	956,100	1,027,000	869,703	622,100	552,400	438,600	521,474	390,200	335,200	315,400	314,085	383,100	422,300	402,400	238,167	231,700	71,800	78,400	81,300	115,500	103,900	50,000	143,000	120,000	120,200	103,000	103,000	103,000	139,500	139,500	125,500	87,000	87,000	85,000	70,000	87,500	97,000	70,100	-	-	-	-	-	-	-	-	-	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,169,511	3,442,309	3,401,479	3,300,495	3,324,699	3,286,461	3,286,525	3,260,447	3,289,040	3,198,638	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,385,067	2,354,263	2,383,975	2,361,417	2,816,528	2,823,453	2,938,429	2,972,977	3,048,728	3,205,313	3,225,297	3,225,176	3,236,678	3,236,620	3,666,394	3,637,580	3,244,577	3,226,825	3,634,173	3,390,289	3,182,801	3,168,318	3,441,014	3,400,290	3,299,366	3,323,560	3,285,335	3,285,483	3,260,447	3,289,040	3,198,638	3,387,371	3,368,487	3,327,208	3,387,230	3,311,178	3,319,583	3,489,003	3,370,888	3,359,070	3,363,586	3,421,033	3,671,141	3,728,032	3,105,428	3,289,270	3,472,041	3,517,424	3,568,517	3,592,297	3,388,174	3,139,785	3,131,690	3,313,845	3,108,523	3,149,937	2,889,066	2,963,165	2,929,959	2,909,752	2,921,112	2,918,108	2,878,478	2,870,279	2,902,883	2,938,536	2,961,698	2,979,177	2,950,768	2,641,881	2,663,253	2,683,827	2,645,486	2,657,350	2,547,047	2,549,709	2,307,194	2,313,937	2,325,856	2,337,711	2,011,651	2,016,537	2,026,508	1,917,073	1,926,273	1,930,316	1,643,930	1,648,029	1,656,500	1,689,881	1,708,728	1,716,777	1,529,212	1,497,852	1,492,470	1,506,090	1,522,467	1,777,700	1,812,700	1,825,700	1,827,793	1,838,600	1,848,200	1,362,300	1,266,260	1,229,200	1,269,500	1,240,800	708,048	679,700	708,100	708,200	685,592	617,100	621,100	625,500	602,039	615,700	618,800	451,300	441,100	321,900	323,400	325,100	228,300	229,500	230,900	232,600	234,400	223,600	161,100	162,000	147,800	128,400	129,600	130,700	131,900	80,300	81,200	82,200	83,000	-	-	-	83,700	-	-	-	63,500	-	-	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	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	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Begin Period Cash Flow	2,582,222	2,800,998	2,987,225	2,800,645	2,404,101	2,360,590	2,101,206	1,802,729	364,516	222,449	102,219	192,763	194,040	18,204	15,518	19,879	16,700	19,445	21,961	11,526	12,384	50,555	92,681	13,206	15,643	22,355	21,853	18,640	57,877	13,887	14,100	42,100	9,700	11,600	2,200
Capital Expenditures	5,691	934	509	986	745,735	911,149	737,511	1,025,219	1,621,198	85,648	510,893	752,936	868,399	972,913	665,410	416,461	423,488	527,661	576,082	765,091	832,826	500,581	56,976	21,506	493,809	761,414	548,465	225,428	267,470	324,554	0	0	15,400	27,200	25,300
Cash And Cash Equivalents Changes	0	-218,776	-186,227	186,580	396,544	43,511	259,384	291,945	1,438,213	156,609	120,230	-90,544	0	175,836	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	-1,631	1,058	568	-1,874	10,547	15,814	51,072	3,355	3,690	-1,096	-5,772	0	6,099	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-421,687	-218,776	-186,227	186,580	396,544	43,511	259,384	291,945	1,438,213	156,609	120,230	-90,544	-1,277	175,836	2,686	-4,361	3,179	-1,662	-2,516	10,435	-858	-38,171	-42,126	79,475	-2,437	-6,712	502	3,213	-39,237	45,879	128,600	2,000	27,800	36,800	40,900
Change In Working Capital	-2,505	-2,207	729	-5,422	-21,020	-24,247	-36,655	-26,662	-65,922	-49,971	-74,326	-36,876	-10,072	-24,789	-10,665	-18,173	-48,488	-21,456	-66,010	-46,233	-13,491	-3,544	-33,827	-24,737	16,604	-13,728	41,539	707	-1,718	9,075	-9,200	3,800	-5,600	4,800	2,200
Change Receivables	0	-6,089	81	-2,119	-13,099	-19,886	-23,708	-23,921	-47,472	-54,773	-57,039	-38,801	0	-34,675	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	-1,739	-6,089	81	-2,119	-13,099	-19,886	-23,708	-23,921	-47,472	-54,773	-57,039	-38,801	0	0	0	0	-44,628	-39,598	-66,063	-65,929	-30,740	-14,815	-17,530	-25,222	-8,700	-37,100	-5,300	-7,800	-1,600	-3,300	-6,200	700	-100	0	0
Change To Inventory	0	0	410	3,104	5,311	0	0	0	0	-9,277	-1,858	1,663	0	0	0	0	-58,457	-24,057	-68,929	-39,123	-16,767	-10,411	-36,415	-33,598	9,796	-17,390	8,651	-944	-6,108	8,528	0	0	0	0	0
Change To Liabilities	0	5,513	-410	-3,104	-5,311	-704	-9,047	4,663	-4,643	1,112	-16,191	7,697	12,589	3,787	2,797	12,003	0	12,254	1,043	7,175	11,139	5,514	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	12,080	14,035	-433,320	-401,790	-224,582	-8,016	-243,754	-72,055	-11,244	209,386	121,845	0	-96,995	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	0	0	0	-337	264	1,225	-5,358	0	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	17,444	17,810	17,774	20,096	28,685	48,700	92,152	138,337	201,474	238,147	256,477	268,254	183,188	204,477	170,547	155,026	197,317	140,250	120,822	102,116	85,224	68,750	65,187	63,813	73,382	60,764	39,330	22,106	22,849	14,724	9,100	9,600	7,300	5,100	4,600
Dividends Paid	476,220	120,187	14,012	435,783	436,637	312,600	7,988	17,956	27,924	61,692	154,306	199,249	194,479	175,893	158,546	240,970	244,628	216,690	211,231	191,374	154,658	127,396	118,731	137,206	192,832	176,952	132,080	93,377	80,473	44,869	44,900	33,500	23,900	18,600	11,300
End Period Cash Flow	2,160,535	2,582,222	2,800,998	2,987,225	2,800,645	2,404,101	2,360,590	2,094,674	1,802,729	379,058	222,449	102,219	192,763	194,040	18,204	15,518	19,879	17,783	19,445	21,961	11,526	12,384	50,555	92,681	13,206	15,643	22,355	21,853	18,640	59,766	142,700	44,100	37,500	48,400	43,100
Exchange Rate Changes	0	0	0	0	0	0	0	-8	-9,502	-1,126	-1,302	436	0	2,376	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	116,577	65,040	16,109	33,328	98,945	89,536	99,996	163,016	181,544	200,392	745,544	276,783	-605,067	-720,779	-368,406	-118,019	-151,914	-241,282	-350,128	-555,887	-632,622	-321,738	88,215	132,992	-270,189	-567,070	-362,765	-127,110	-186,169	-246,220	46,600	41,800	4,200	-400	-12,600
Investments	-4,994	-3,577	-6,803	-12,039	223,948	-20,431	-340,738	-121,450	-36,213	618,152	120,809	-129,990	0	-76	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
Net Borrowings	0	0	0	-25,441	-255,842	-581,460	-295,053	-560,239	-266,815	-785,316	-758,657	374,401	0	197,476	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	91,445	37,357	-16,429	452,093	492,866	272,908	29,666	232,894	99,857	24,012	-156,967	-79,845	109,984	135,409	164,674	244,645	124,966	252,239	164,984	165,695	117,684	106,940	84,953	144,460	105,600	148,840	113,302	81,110	61,800	59,853	37,700	27,200	22,100	14,300	7,900
Other Cashflows From Financing Activities	-1,846	-279	-33	-1,879	-170	-113	31	-52	-7,143	804,351	-744,088	1,678,997	-7,131	1,815,577	-17,721	405,173	1,216,216	1,621,773	-7,171	-6,189	-3,319	1,327,322	186,348	682,221	613,742	-7,938	-4,668	-7,320	-1,666	-33,910	-5,800	35,500	14,000	70,500	72,900
Other Cashflows From Investing Activities	0	97	0	655,291	771,787	962,522	806,324	1,176,371	1,685,106	186,199	221,459	13,083	0	619,454	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	-494	141	-1,407	221	-214	-2,418	-11,290	-10,358	-4,227	-11,796	209,467	125,250	-19,768	-62,963	-27,552	-83,056	-2,221	-84,654	6,158	-12,374	10,787	6,697	28,878	-29,038	28,034	-1,532	-8,471	-5,605	-1,630	-5,318	9,000	1,200	-4,200	2,600	-2,000
Sale Purchase Of Stock	-60,198	-159,870	-181,488	-26,897	-5,487	-93,976	-3,188	-344,987	-87,983	0	1,036,000	-150,000	1,272,391	-177,500	-14,486	0	-125,000	-713,285	1,058,247	1,660,436	1,223,454	-289,849	-219,318	0	0	1,520,967	784,900	481,000	219,000	333,770	98,700	0	0	0	0
Stock Based Compensation	15,977	11,939	15,442	13,215	14,426	19,697	21,414	18,530	15,425	0	0	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	-538,264	-280,336	-195,533	-490,000	-698,136	-988,149	-306,198	-923,182	-382,722	-847,008	-301,017	380,423	359,807	274,861	170,937	-219,956	150,683	-81,605	302,264	483,932	625,106	275,726	-165,820	-190,337	-12,296	746,333	630,044	140,223	68,805	229,391	128,600	2,000	27,800	36,800	40,900
Total Cash From Operating Activities	122,268	65,040	16,109	33,328	98,945	89,536	99,996	163,016	181,544	200,392	234,651	276,783	263,332	252,134	297,004	298,442	271,574	286,379	225,954	209,204	200,204	178,843	145,191	154,498	223,620	194,344	185,700	98,318	81,301	78,334	46,600	41,800	19,600	26,800	12,700
Total Cashflows From Investing Activities	0	-3,480	-6,803	643,252	995,735	942,124	465,586	1,052,119	1,648,893	804,351	187,898	-748,186	-623,932	-353,535	0	0	0	0	0	0	0	0	0	115,314	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	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31
Begin Period Cash Flow	2,127,788	2,153,047	2,128,688	2,582,222	2,692,354	2,691,503	2,721,929	2,800,998	2,961,564	2,965,788	2,971,052	2,987,225	3,418,240	3,441,878	3,351,523	2,800,645	3,210,231	3,182,858	3,071,268	2,404,101	2,683,036	2,515,536	2,844,666	2,360,590	2,233,077	1,967,549	1,888,537	2,094,674	2,405,174	1,772,337	1,742,128	1,802,729	1,649,162	1,286,902	421,736	364,516	597,405	428,373	177,555	222,449	165,990	77,520	48,692	102,219	72,680	138,805	193,587	192,763	210,673	55,035	25,389	194,040	174,723	33,443	138,702	18,204	33,227	38,138	35,317	15,518	24,851	33,277	32,065	19,879	25,639	29,026	23,059	17,783	33,458	35,099	35,587	19,445	21,514	18,921	22,335	21,961	26,569	19,553	43,609	11,526	21,044	18,698	24,583	12,384	185,182	13,473	9,709	50,555	73,871	69,405	85,754	92,681	39,530	9,674	5,214	13,206	16,700	27,000	32,600	15,600	46,900	27,600	21,700	22,400	71,800	40,000	81,300	21,900	17,100	18,400	20,800	18,600	20,900	27,500	30,900	59,800	58,600	24,600	41,600	13,900	0	42,700	32,100	14,100	0	8,700	33,800	42,100	26,300	0	18,700	9,700	0	0	21,900	11,600	4,800	23,200	0	2,200
Capital Expenditures	1,078	1,540	3,073	1,710	665	662	1,877	703	340	5,979	4,074	840	652,116	1,753	81,057	571,059	4,636	3,343	340,675	413,039	1,467	137,497	43,556	731,563	89,922	500,274	73,066	74,249	82,922	613,812	236,057	92,428	239,004	448,814	925,702	7,678	17,716	21,378	163,199	38,457	153,125	11,815	11,036	380,619	475,613	171,267	186,381	117,965	38,879	281,254	234,059	314,207	565,930	201,540	190,878	14,565	194,846	204,245	198,605	67,714	80,773	176,033	32,487	127,168	114,292	70,961	153,501	84,734	161,291	27,080	117,765	221,525	164,805	158,252	235,848	17,177	102,003	585,702	53,666	23,720	515,006	138,239	71,946	107,635	285,422	92,573	27,903	94,683	25,538	13,897	10,270	7,271	8,906	4,998	3,964	3,638	89,909	259,900	141,200	2,800	169,214	120,700	192,900	278,600	9,965	51,000	189,300	298,200	158,828	28,000	25,200	13,400	178,670	98,600	16,500	170,900	11,246	150,900	183,500	1,400	0	0	0	0	0	600	48,600	2,600	3,600	3,100	1,600	7,100	23,500	100	3,100	500	200	0	24,800	300
Cash And Cash Equivalents Changes	0	0	24,359	-453,534	-110,132	851	-30,426	-79,069	-160,566	-4,224	-5,264	-16,173	-431,015	-23,638	90,355	550,878	-409,586	27,373	111,590	667,167	-278,935	-645,706	0	484,076	120,981	265,528	79,012	-206,137	0	632,837	30,209	-60,601	0	0	0	57,220	0	0	0	0	56,459	88,470	28,828	-53,527	0	0	0	0	0	155,638	29,646	-168,651	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	317	460	-282	-126	-969	-254	1,562	51	-606	51	1,262	-467	580	-807	-219	164	52	-1,871	1,269	-11,438	0	10,358	-1,815	-4,996	19,431	3,194	0	-4,255	42,099	-3,905	0	0	0	1,797	0	0	0	0	-5,717	11,263	-7,752	1,110	0	0	0	0	0	372	3,347	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	32,747	-25,259	24,359	-453,534	-110,132	851	-30,426	-79,069	-160,566	-4,224	-5,264	-16,173	-431,015	-23,638	90,355	550,878	-409,586	27,373	111,590	667,167	-278,935	167,500	-329,130	484,076	127,513	265,528	79,012	-206,137	-310,500	632,837	30,209	-60,601	153,567	362,260	865,166	57,220	-218,347	169,032	250,818	-44,894	56,459	88,470	28,828	-53,527	29,539	-66,125	-54,782	824	-17,910	155,638	29,646	-168,651	19,317	141,280	-105,259	120,498	-15,023	-4,911	2,821	19,799	-9,333	-8,426	1,212	12,186	-5,760	-3,387	5,967	5,276	-15,675	-1,641	-488	16,142	-2,069	2,593	-3,414	374	-4,608	7,016	-24,056	32,083	-9,518	2,346	-5,885	12,199	-172,798	171,709	3,764	-40,846	-23,316	4,466	-16,349	-6,927	53,151	29,856	4,460	-7,992	-3,494	-10,300	-5,600	17,000	-31,257	19,300	5,900	-700	-49,445	31,800	-41,300	59,400	4,753	-1,300	-2,400	2,200	-2,260	-6,600	-3,400	-28,900	1,166	34,000	-17,000	27,700	136,500	-68,600	42,700	18,000	9,900	-8,300	8,700	-8,300	-1,400	26,300	-6,100	9,000	34,600	-5,000	-3,100	10,300	15,700	4,800	23,200	-2,800
Change In Working Capital	3,052	2,021	-358	-7,220	3,828	-969	921	-5,987	91	3,065	-3,282	855	-4,697	-58	2,190	-2,857	-586	964	-4,863	-16,535	6,951	-2,857	-5,063	-23,278	4,951	-14,109	12,887	-40,384	8,912	-14,335	4,513	-25,752	-2,457	-31,297	5,847	-38,015	-32,206	11,334	-2,572	-26,527	-26,681	-2,814	1,353	-46,184	13,457	-29,069	24,482	-45,746	9,554	-13,856	34,505	-40,275	-2,348	-11,172	16,422	-27,691	-13,652	-13,241	33,484	-17,256	-19,812	-4,001	22,976	-17,336	-5,205	-13,913	13,803	-43,173	19,054	-29,329	11,467	-22,648	-29,946	-11,164	35,425	-60,325	-19,101	13,908	-12,166	-28,874	-4,889	3,618	-2,096	-10,124	-5,101	6,705	6,597	-11,745	-3,526	-852	-6,083	-23,366	-6,270	-1,255	2,251	-19,463	-8,396	28,800	200	-4,000	-11,928	-9,200	400	7,000	20,939	3,000	-1,200	18,800	24,707	-7,800	-9,400	-6,800	14,282	8,000	-4,800	-19,200	-725	9,800	10,000	-10,000	-6,000	3,400	-1,000	-5,600	3,000	200	2,800	-2,200	-800	2,200	0	0	5,800	600	0	-1,600	400	800	-1,400	2,400
Change Receivables	0	0	-861	-662	-379	-3,374	-1,071	-1,265	-326	80	58	269	-1,104	-1,530	1,248	-733	-2,027	-3,036	80	-8,116	-137	3,071	0	-11,410	-2,946	-860	-1,663	-18,239	0	-6,747	1,759	-15,486	0	0	0	-28,678	0	0	0	0	1,666	-36,256	-1,246	-21,203	0	0	0	0	0	-32,757	11,723	-35,938	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-657	441	-861	-662	-379	-3,374	-1,071	-1,265	-326	80	58	269	-1,104	-1,530	1,248	-733	-2,027	-3,036	80	-8,116	-137	-2,893	-5,446	-11,410	-2,946	-860	-1,663	-18,239	-3,447	-6,747	1,759	-15,486	-865	-26,145	8,216	-28,678	-26,187	-8,730	-1,606	-18,250	1,666	-36,256	-1,246	-21,203	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,283	0	7,155	-13,438	2,738	-29,968	133	-17,531	9,178	-37,244	2,983	-14,515	-16,707	-20,210	-2,105	-27,041	-3,896	-20,742	-17,455	-23,836	-3,929	-1,715	-12,958	-12,138	-484	-9,350	4,863	-9,844	-1,900	4,829	-10,014	-10,445	-12,290	-3,183	638	-10,387	-3,200	1,200	100	-6,800	-14,100	-11,600	-4,800	-6,600	-1,200	-5,900	-3,400	5,200	3,500	-5,000	-5,600	-700	-200	5,600	-800	-6,200	-1,900	-600	600	-1,400	-5,300	1,200	0	-2,100	300	-400	600	200	-300	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	401	-2,579	-186	0	0	0	0	0	1,789	0	0	0	-1,556	0	0	0	7,158	0	0	0	6,523	0	0	0	18,759	0	0	0	5,303	0	0	0	0	0	0	0	0	-9,324	220	-173	2,819	-4,674	-1,681	1,678	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-26,175	0	25,209	-25,209	-10,358	-10,417	16,129	-53,811	15,854	-22,235	16,158	-33,834	-21,092	-19,181	34,878	-63,534	-6,511	8,750	-8,918	-32,444	-5,946	4,795	-5,931	-9,685	-9,280	4,204	5,862	-11,197	-5,918	10,849	-19,004	-22,342	-16,340	-528	1,345	-18,075	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,580	186	-7,018	4,489	2,531	2,961	-4,468	-1,145	2,985	-3,340	535	-4,660	2,132	552	-1,128	1,847	4,021	-4,631	-6,548	5,819	13,755	440	-10,139	9,712	-8,253	13,547	-24,053	4,663	-3,333	4,391	-6,361	-13,105	0	0	-11,134	10,389	19,826	0	0	-22,630	22,179	10,351	-26,091	6,034	0	2,429	0	12,589	18,529	19,435	-4,337	3,104	0	282	0	2,797	169	3,635	0	12,003	14,684	8,723	0	0	0	0	0	12,254	0	0	0	1,043	0	5,429	0	7,175	6,971	2,004	0	11,139	6,859	5,274	0	5,514	5,660	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,478	8,262	3,267	3,267	2,734	2,893	3,186	2,723	2,573	2,349	6,380	3,110	2,822	-23,133	-416,119	3,277	1,962	-217,082	-189,947	5,361	153,151	-21,267	-191,547	32,568	-22,859	-2,110	-15,615	-185,278	-80,229	-107,350	-36,021	-54,893	0	0	609	-11,244	0	0	0	22,170	210,010	-6,505	-16,289	0	0	0	0	0	-9,269	-46	-34,609	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-57	57	-337	-220	253	1,492	264	-1,994	-3,241	0	1,225	0	0	0	-5,358	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,184	4,436	4,514	4,310	4,634	4,451	4,313	4,412	4,403	4,588	4,432	4,351	4,875	5,330	4,588	5,303	6,224	6,086	7,885	8,490	10,707	11,186	12,903	13,904	18,931	21,422	24,311	27,488	29,701	30,066	41,198	37,372	38,625	43,280	55,501	64,068	60,964	59,286	64,005	53,892	55,043	62,562	69,820	69,052	87,061	80,698	36,848	63,647	14,024	60,203	57,931	51,030	55,948	53,355	43,700	43,940	42,894	41,927	44,056	41,670	38,318	37,802	26,945	51,961	77,828	40,909	40,346	38,234	35,607	35,975	35,403	33,265	31,532	30,168	29,931	29,191	29,626	26,093	23,315	23,082	16,281	27,774	20,895	20,274	19,019	15,066	17,444	17,221	16,334	16,471	16,225	16,157	16,014	15,885	16,040	15,874	16,082	19,900	18,600	18,800	17,664	16,300	14,200	12,600	12,030	10,400	9,600	7,300	4,706	6,000	5,800	5,600	5,449	5,900	6,600	4,900	4,324	4,100	3,500	2,800	2,000	2,400	2,400	2,300	2,900	2,400	2,200	2,100	1,900	1,700	2,100	1,600	1,700	900	1,200	1,300	1,200	1,300	1,100	1,000
Dividends Paid	1,997	1,997	1,997	470,229	112,734	1,997	1,997	3,459	1,997	1,997	1,997	8,021	427,856	1,997	1,997	3,933	429,486	1,997	1,997	3,157	306,609	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	6,981	6,981	6,981	6,981	6,981	6,981	6,981	13,963	40,748	40,748	40,747	40,730	40,727	32,102	32,103	55,958	55,684	55,504	55,684	48,977	44,909	44,909	47,724	44,965	43,674	39,530	39,530	39,512	39,509	39,995	60,483	60,467	60,010	60,010	63,077	59,912	59,791	61,848	53,341	53,332	53,508	56,509	55,570	53,463	53,461	48,737	48,736	48,729	46,955	46,954	40,055	40,055	37,283	37,265	35,296	30,703	30,698	30,699	30,746	30,984	30,611	26,390	26,390	26,387	42,218	42,211	42,232	50,100	50,100	50,400	49,952	50,000	40,400	36,600	36,580	35,600	35,500	24,400	23,877	23,200	23,100	23,200	20,673	20,200	20,100	19,500	7,731	18,900	18,900	14,800	20,000	2,900	11,200	10,800	8,600	8,300	8,300	8,300	6,500	6,300	6,100	5,000	4,700	4,600	4,700	4,600	2,900	2,800	2,800	2,800
End Period Cash Flow	2,160,535	2,127,788	2,153,047	2,128,688	2,582,222	2,692,354	2,691,503	2,721,929	2,800,998	2,961,564	2,965,788	2,971,052	2,987,225	3,418,240	3,441,878	3,351,523	2,800,645	3,210,231	3,182,858	3,071,268	2,404,101	2,683,036	2,515,536	2,844,666	2,360,590	2,233,077	1,967,549	1,888,537	2,094,674	2,405,174	1,772,337	1,742,128	1,802,729	1,649,162	1,286,902	421,736	379,058	597,405	428,373	177,555	222,449	165,990	77,520	48,692	102,219	72,680	138,805	193,587	192,763	210,673	55,035	25,389	194,040	174,723	33,443	138,702	18,204	33,227	38,138	35,317	15,518	24,851	33,277	32,065	19,879	25,639	29,026	23,059	17,783	33,458	35,099	35,587	19,445	21,514	18,921	22,335	21,961	26,569	19,553	43,609	11,526	21,044	18,698	24,583	12,384	185,182	13,473	9,709	50,555	73,871	69,405	85,754	92,681	39,530	9,674	5,214	13,206	16,700	27,000	32,600	15,643	46,900	27,600	21,700	22,355	71,800	40,000	81,300	21,853	17,100	18,400	20,800	18,640	20,900	27,500	30,900	59,766	58,600	24,600	41,600	136,500	-68,600	42,700	32,100	9,900	-8,300	8,700	33,800	-1,400	26,300	-6,100	18,700	34,600	-5,000	-3,100	21,900	15,700	4,800	23,200	-600
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-8	0	0	0	-559	0	0	0	0	-833	304	-994	221	0	0	0	0	0	-2,037	428	155	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	34,747	33,541	28,254	23,108	32,657	17,775	9,153	2,916	5,580	7,418	1,563	1,548	1,618	8,461	11,471	11,778	24,851	32,853	28,471	12,770	38,989	26,667	24,251	-371	35,670	18,462	48,554	-2,690	46,304	22,838	70,890	22,984	40,121	17,421	83,681	40,321	39,673	31,567	82,525	46,627	44,991	52,959	93,869	423,451	565,984	-123,558	-82,829	-82,814	18,261	-214,126	-124,015	-285,187	-512,155	-139,359	-102,854	33,589	-131,434	-145,294	-86,772	-4,906	-22,786	-101,251	71,155	-65,137	-40,784	-5,604	-57,822	-47,704	-61,791	18,380	-30,983	-166,888	-119,405	-94,589	-125,920	-10,214	-53,517	-504,417	-4,203	6,250	-461,094	-81,783	-22,776	-66,969	-238,687	-44,724	25,837	-64,164	16,001	29,742	29,611	12,861	28,151	38,736	42,092	24,013	-35,789	-205,200	-83,300	54,100	-124,270	-68,300	-143,100	-231,400	61,735	-10,300	-152,200	-262,000	-114,810	-9,700	-7,600	5,000	-155,269	123,200	6,700	-160,800	42,680	-129,100	-162,100	2,300	21,200	6,200	11,300	7,900	16,400	8,000	-39,500	5,100	5,100	4,800	4,600	-10,300	-15,900	4,200	1,700	9,600	3,600	3,400	-22,500	2,900
Investments	-1,078	-1,540	-1,898	-1,175	-388	-662	-1,877	-650	-824	1,477	-3,849	-3,607	-4,161	-4,941	-1,397	-1,540	-4,636	-3,343	-3,733	235,660	-8,245	-23,890	5,320	5,852	-12,800	-13,715	-18,096	-296,127	-276,238	-32,791	-34,326	-25,963	27,068	0	0	16,788	686,504	0	0	0	-32,438	-35,865	-25,211	214,323	0	0	0	0	0	9,776	1,574	476	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0	-25,147	-146	-148	-145	-140	-255,414	-143	-5,668	-225,262	-400,261	-175,265	-2,581	-250,348	-41,776	-348	-560,187	-842	-827	-139,974	-469,963	0	0	-8,732	-785,316	0	0	0	-101,174	97,945	-5,079	-750,349	0	0	0	0	0	-19,888	-70,551	100,682	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	26,626	26,232	15,836	22,751	20,928	12,221	2,903	1,305	-1,637	-2,814	-1,940	-10,038	-1,670	370	27,886	425,507	15,996	23,896	242,377	210,597	15,422	32,777	37,047	187,662	-21,569	33,224	-5,811	23,822	12,260	86,388	87,844	46,402	43,145	30,466	12,616	13,630	-158,561	156,740	5,385	20,448	-5,301	-216,207	28,917	35,624	-147,270	22,265	20,586	24,574	14,873	28,535	19,964	46,612	22,304	65,810	9,998	37,297	-10,253	72,199	59,616	43,112	63,463	85,724	68,052	27,406	27,479	32,865	31,474	33,148	37,877	33,013	31,514	149,835	43,706	38,297	50,746	32,235	41,993	36,401	35,060	52,241	35,164	24,619	30,609	27,292	31,521	27,322	26,812	21,285	11,529	19,763	26,048	27,613	63,522	27,761	26,727	26,450	13,000	15,600	37,700	39,300	41,440	40,100	35,900	31,400	37,602	28,400	27,900	19,400	22,010	18,400	22,500	18,200	15,100	15,200	15,700	15,800	13,253	19,600	14,300	12,700	10,000	9,800	9,500	8,400	7,300	6,800	6,600	6,500	6,500	5,300	5,300	5,000	3,900	3,400	3,500	3,500	2,200	1,900	1,800	2,000
Other Cashflows From Financing Activities	56,800	-56,803	-1,898	-1,843	-280	-15,017	-37,582	1	-824	1,477	-33	-3,607	-852	-4,941	-30	-997	-170	-3,343	340,675	-3,300	-114	143,096	1	-177,262	293,885	499,411	1	30	-538,043	612,838	242,127	-52	128,009	-87,983	928,753	-7,143	-15,869	687,459	170,125	-37,364	1,863,722	99,996	-7,611	-736,473	-4,261	760,807	-282	-5,767	-6,278	-580	455,531	295,000	1,107,288	-11,866	134,988	-187	466,305	104,800	397,739	-565	47,181	117,998	51,997	187,997	154,592	358,826	-1,670	-7	435,785	78,820	112,497	994,671	-2,290	-68	200,000	-4,813	-206	1,071,566	26,919	-2,032	-1,404	-3	240,210	296,215	470,732	-75	233,485	219,000	-1	-81	-6,657	193,087	308,840	288,386	50,000	34,995	98,942	247,900	137,700	129,200	-4,038	303,200	-1,500	-1,000	-968	227,300	145,000	-1,000	-6,520	37,000	19,200	26,400	102,278	-20,000	18,000	150,000	-35,978	256,300	54,900	100	156,500	-65,700	56,600	-3,000	18,500	-1,500	17,000	-2,600	-2,800	32,600	-1,600	14,000	39,300	-400	1,600	14,900	72,700	24,400	26,000	-300
Other Cashflows From Investing Activities	0	0	0	0	7	90	0	-650	0	3,382	-3,382	-3,607	238	655,053	82,454	572,599	995,735	1,000,371	344,408	427,379	6,745	-535,757	1,443	745,767	105,668	513,126	92,326	95,204	500	0	0	114,904	500	0	0	16,383	-8,225	0	0	0	186,600	3,177	30,548	1,134	0	0	0	0	0	167,247	1,315	60,132	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-538	-107	273	279	382	-151	-100	10	-130	-409	-561	-307	-6	-430	455	142	-129	444	-221,105	-672	-438	-876	-377	-727	-1,149	-2,773	-3,694	-3,674	-854	-2,006	-4,650	-2,848	-738	-1,730	-1,975	216	169,476	-195,793	15,707	-1,186	21,930	209,418	-6,221	-15,660	137,123	-26,185	21,636	-7,324	18,689	-7,754	-2,356	-28,347	-22,129	-45,812	17,904	-5,392	44,423	-41,934	-25,323	-4,718	-23,982	-44,743	-14,331	0	-26,594	5,496	10,056	8,821	6,962	5,801	8,398	-105,815	108	6,362	-6,174	5,862	-4,032	4,883	3,254	-16,479	7,356	445	-238	3,224	1,296	-1,244	2,887	3,758	17,202	8,257	3,691	-272	-36,209	1,343	1,038	4,790	33,434	-9,600	1,400	2,800	-2,232	5,200	-700	-3,800	1,129	-1,100	800	-9,300	-7,405	1,700	-1,300	1,400	-11,430	-4,500	5,700	8,600	14,582	-11,700	-6,400	-1,800	15,200	-9,400	400	2,800	3,200	-800	-2,500	1,300	1,100	-1,300	-1,200	-9,800	-3,800	-600	100	6,900	0	-600	800	-2,200
Sale Purchase Of Stock	-56,803	-56,803	-3,395	-3,395	-29,394	-15,017	-37,582	-77,877	-163,325	-11,122	-948	-6,093	-2	-14	-30	-26,881	-5,487	-5,487	-145	-5,342	-4,066	89,911	0	-89,910	-2,979	0	1	-209	-44,424	0	-275,000	-25,563	-87,983	0	0	0	0	0	0	0	-1,236,913	626,809	15,000	921,000	334,000	180,814	106,000	338,500	521,056	264,587	265,804	0	-175,000	957,632	239,095	56,000	0	0	0	-14,486	0	0	0	0	56,551	-181,551	584,475	120,000	-313,285	0	0	-400,000	820,221	242,000	0	180,000	436,639	0	0	445,000	674,735	135,000	0	0	331	-290,180	0	0	-5,429	-7,597	-5,166	-201,126	0	0	0	0	0	0	0	0	301,467	0	580,000	334,900	409,900	0	0	0	380,000	0	0	0	0	0	0	0	0	0	0	40,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	2,501	2,499	7,989	2,988	2,885	2,885	2,993	3,176	2,853	2,988	2,914	6,687	3,324	3,320	3,268	3,303	3,370	3,408	3,721	3,927	4,020	5,197	5,142	5,338	5,107	5,575	5,506	5,226	4,659	4,894	4,624	4,353	3,660	3,655	4,152	3,958	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-2,000	-58,800	-1,997	-475,467	-142,408	-17,014	-39,579	-81,335	-165,322	-13,119	-2,978	-14,114	-428,710	-27,158	-2,173	-31,959	-429,801	-2,137	-257,556	-8,642	-316,457	-2,263	-402,257	-267,172	-7,557	-252,345	-43,772	-2,524	-465,017	-2,839	-282,808	-172,518	-123,785	-95,924	-147,300	-15,713	-241,123	-549,139	-1,932	-54,814	-141,921	57,215	-53,592	-162,719	223,178	44,418	23,726	89,101	-41,088	194,778	150,344	55,773	152,712	81,259	-46,039	86,929	116,444	-1,909	42,030	14,372	-166,699	-60,637	-69,943	77,323	35,445	-1,531	63,789	52,980	41,706	-26,252	30,495	-127,554	99,080	95,025	99,828	8,331	28,398	509,162	-21,997	-31,631	454,840	83,163	16,281	70,822	66,525	213,695	-21,741	17,247	-37,690	-39,606	-44,014	-44,510	-96,526	-17,805	-40,494	-35,512	-150,996	189,600	12,000	-62,900	93,333	73,100	374,700	205,200	211,644	-8,400	109,000	317,800	127,123	6,800	-3,900	10,200	-19,395	-40,200	-2,100	130,500	-43,709	135,400	144,200	-6,500	136,500	-68,600	42,700	18,000	9,900	-8,300	8,700	-8,300	-1,400	26,300	-6,100	9,000	34,600	-5,000	-3,100	10,300	15,700	4,800	23,200	-2,800
Total Cash From Operating Activities	35,825	35,081	28,254	23,108	32,657	18,437	11,030	2,916	5,580	7,418	1,563	1,548	1,618	8,461	11,471	11,778	24,851	32,853	28,471	12,770	38,989	26,667	24,251	-371	35,670	18,462	48,554	-2,690	46,304	22,838	70,890	22,984	40,121	17,421	83,681	40,321	39,673	31,567	82,525	46,627	44,991	52,959	93,869	42,832	90,371	47,709	103,552	35,151	57,140	67,128	110,044	29,020	53,775	62,181	88,024	48,154	63,412	58,951	111,833	62,808	57,987	74,782	103,642	62,031	73,508	65,357	95,679	37,030	99,500	45,460	86,782	54,637	45,400	63,663	109,928	6,963	48,486	81,285	49,463	29,970	53,912	56,456	49,170	40,666	46,735	47,849	53,740	30,519	41,539	43,639	39,881	20,132	37,057	43,734	46,056	27,651	54,120	54,700	57,900	56,900	44,944	52,400	49,800	47,200	71,700	40,700	37,100	36,200	44,018	18,300	17,600	18,400	23,401	24,600	23,200	10,100	31,434	21,800	21,400	3,700	21,200	6,200	11,300	7,900	16,400	8,600	9,100	7,700	8,700	7,900	6,200	-3,200	7,600	4,300	4,800	10,100	3,800	3,400	2,300	3,200
Total Cashflows From Investing Activities	0	-4,613	-1,898	-1,175	-381	-572	-1,877	-650	-824	1,477	-3,849	-3,607	-3,923	-4,941	81,057	571,059	-4,636	-3,343	340,675	663,039	-1,467	-559,647	48,876	751,619	92,868	499,411	74,230	-200,923	1,052,119	612,838	242,127	88,941	1,648,893	1,411,741	961,924	33,171	804,351	820,220	132,761	0	154,222	-22,008	-10,455	66,139	-748,186	-464,117	-305,415	0	-623,932	-104,231	-231,170	-253,599	-353,535	-163,989	-161,829	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	89,059	0	0	0	0	0	0	0	33,744	0	0	0	0	0	0	0	0	0	5,668	5,235	17,451	115,314	2,694	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31	1988-12-31	1987-12-31	1986-12-31
Cost Of Revenue	27,462	24,184	25,893	28,858	46,418	79,916	141,425	200,706	324,948	387,982	370,869	419,681	392,131	333,889	356,001	347,958	516,851	472,573	414,036	352,132	298,470	202,694	221,393	220,021	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Depreciation And Amortization	17,444	17,810	17,774	19,329	28,122	49,041	90,708	131,806	194,001	227,532	218,854	268,254	218,688	204,477	170,547	185,657	197,317	140,250	120,822	102,116	85,224	68,750	65,187	63,813	73,382	60,764	39,330	22,106	22,849	14,724	9,100	9,600	7,300	5,100	4,600	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	6,151	-211,255	-182,969	0	-81,862	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Ebit	-21,356	-9,329	-16,309	6,086	87,260	70,441	87,058	128,243	144,474	151,769	219,833	316,079	267,466	226,981	312,173	264,272	294,326	193,522	269,827	248,090	200,114	178,787	168,824	184,985	196,051	201,082	131,098	87,246	80,439	62,849	68,200	60,000	53,100	41,600	28,500	23,600	13,300	200
Ebitda	-3,912	8,481	1,465	25,415	115,382	119,482	177,766	260,049	338,475	379,301	438,687	584,333	486,154	431,458	482,720	449,929	491,643	333,772	390,649	350,206	285,338	247,537	234,011	248,798	269,433	261,846	170,428	109,352	103,288	77,573	77,300	69,600	60,400	46,700	33,100	23,600	13,300	200
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	2,806	0	0	48,175	55,658	88,008	161,339	2,444	2,824	7,513	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Gross Profit	33,062	38,956	32,109	37,420	81,432	117,106	199,146	299,974	389,943	473,875	514,667	593,411	519,817	459,481	493,721	487,582	840,010	795,821	710,758	603,229	500,727	214,272	394,172	405,006	427,541	356,554	208,863	120,183	112,678	86,683	56,500	48,700	43,800	32,900	23,200	18,900	10,800	200
Income Before Tax	93,311	37,810	-16,309	452,341	494,150	276,064	30,166	233,639	102,221	-63	52,745	104,292	63,156	80,301	77,401	84,079	122,206	250,580	164,984	162,829	114,446	106,763	180,689	143,366	194,651	0	0	0	85,391	70,837	0	0	0	0	0	-	-	-
Income Tax Expense	1,866	453	120	248	1,284	3,156	500	745	2,364	3,191	2,634	3,207	1,347	550	735	773	395	62,146	124,198	10,264	8,049	117,129	89,975	42,713	81,489	56,566	17,098	13,992	18,679	16,924	34,800	32,800	31,000	27,300	20,600	-7,700	-6,100	-200
Interest Expense	0	47,045	33	620	8,908	26,585	52,183	84,329	107,316	143,230	173,011	204,244	195,024	179,642	173,458	180,193	165,894	165,894	143,663	118,212	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	109,260	46,945	6,800	20,608	72,392	46,815	26,380	10,331	110,184	0	0	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	-257	94	-33	799	186	95	10	1,129	1,129	1,129	20,093	15,576	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	91,164	29,275	-16,429	451,294	492,680	272,813	29,656	232,894	99,857	24,012	-177,060	-95,421	109,984	135,409	164,674	244,645	124,255	250,580	164,984	162,829	114,446	106,763	82,804	142,272	113,862	144,516	114,000	73,254	64,236	49,919	33,400	27,200	22,100	14,300	7,900	7,700	6,100	200
Net Income Applicable To Common Shares	0	29,275	-24,384	443,306	484,692	264,825	21,668	205,329	71,933	-24,288	-221,664	-151,958	14,824	81,755	25,998	32,638	57,009	196,150	111,471	116,829	68,446	82,642	68,111	143,366	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Income From Continuing Ops	85,747	37,357	-16,429	452,093	492,866	272,908	29,666	232,894	99,857	21,206	75,865	101,085	0	79,751	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Interest Income	109,260	46,945	6,800	20,608	63,484	20,230	-25,803	-73,998	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Non Operating Income Net Other	0	47,042	6,800	468,103	488,190	291,110	41,385	258,532	88,214	219,511	34,820	18,199	0	97,204	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	12,087	19,714	58,476	17,162	185,072	318	5,648	0	52,371	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Operating Income	33,062	-9,329	-16,309	6,086	87,260	11,539	40,964	59,436	121,323	-51,884	218,286	290,337	233,943	190,391	254,315	265,113	292,193	293,150	273,697	237,826	192,065	178,787	176,734	184,985	195,351	201,082	131,098	87,246	82,915	66,843	68,200	60,000	53,100	41,600	28,500	23,600	13,300	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	0	0	0	0	0	-	-	-
Other Operating Expenses	81,880	72,372	81,111	81,420	112,982	173,396	279,893	382,768	576,406	728,669	666,932	717,107	657,577	581,419	591,109	347,958	547,106	502,671	437,061	365,403	308,662	238,179	221,393	220,021	232,190	155,472	77,765	32,937	29,763	19,840	11,700	11,300	9,300	8,700	5,300	4,700	2,500	-
Preferred Stock And Other Adjustments	0	7,988	7,988	7,988	7,988	7,988	7,988	27,556	27,924	48,300	44,604	56,537	0	5,921	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Reconciled Depreciation	17,894	17,810	17,774	16,929	24,676	42,573	82,163	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	-	-	-
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	-	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	7,021	0	0	3,101	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Selling General Administrative	36,974	30,378	37,444	33,233	38,442	44,439	47,760	50,256	57,457	113,155	77,209	51,697	39,737	39,646	39,427	33,711	35,717	32,133	30,446	25,170	19,338	16,815	15,614	17,271	18,704	17,172	11,670	7,055	6,914	5,116	900	700	700	400	400	-	-	-
Tax Provision	2,278	453	120	248	1,284	3,156	500	745	2,364	0	0	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	54,418	48,188	55,218	52,562	66,564	93,480	138,468	182,062	251,458	340,687	296,063	297,426	265,446	247,530	235,108	347,958	547,106	502,671	437,061	365,403	308,662	238,179	221,393	220,021	232,190	155,472	77,765	32,937	29,763	19,840	-11,700	-11,300	-9,300	-8,700	-5,300	-4,700	-2,500	-
Total Other Income Expense Net	60,249	47,139	6,800	446,255	406,890	232,208	-4,709	189,725	65,063	8,418	5,923	11,123	2,091	44,833	-29,634	-2,283	-1,422	119,204	19,355	-74,997	-77,619	45,105	3,955	0	-700	0	0	0	2,476	3,994	0	0	0	0	0	-	-	-
Total Revenue	60,524	63,140	58,002	66,278	127,850	197,022	340,571	500,680	714,891	861,857	885,536	1,013,092	911,948	793,370	849,722	835,540	840,010	795,821	710,758	603,229	500,727	416,966	394,172	405,006	427,541	356,554	208,863	120,183	112,678	86,683	56,500	48,700	43,800	32,900	23,200	18,900	10,800	200

	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	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31	1988-12-31	1988-09-30	1988-06-30	1988-03-31	1987-12-31	1987-09-30	1987-06-30	1987-03-31	1986-12-31	1986-09-30	1986-06-30	1986-03-31
Cost Of Revenue	6,542	6,722	6,942	7,256	6,986	6,073	6,592	4,533	6,582	6,102	6,588	6,621	6,976	6,444	6,677	8,761	9,741	9,923	10,974	15,780	15,539	20,257	19,521	19,937	30,674	32,380	37,284	41,087	42,742	49,313	51,393	57,258	63,820	73,571	89,686	97,871	94,158	99,392	92,701	101,731	90,104	94,632	109,754	109,659	94,921	112,577	108,093	104,090	116,371	100,912	90,161	90,407	62,225	93,722	89,147	89,574	89,272	88,304	86,686	91,739	93,920	89,074	130,431	127,419	126,972	122,800	120,797	117,628	123,052	122,269	117,585	109,667	109,638	106,794	99,146	97,296	99,246	91,918	160,012	0	80,413	82,759	71,453	70,799	-98,777	58,183	56,011	56,551	51,999	49,618	49,677	51,042	55,739	55,274	54,610	54,398	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 And Amortization	4,184	4,436	4,514	4,310	4,634	4,451	4,313	4,412	4,403	4,588	4,432	4,351	4,680	5,137	4,398	5,114	6,037	6,086	7,561	8,585	10,830	11,287	13,021	12,832	18,738	21,133	23,922	27,488	29,040	29,184	41,198	36,251	37,143	40,522	53,637	64,068	58,839	59,286	59,831	53,892	51,908	62,562	69,820	66,523	87,061	63,437	63,552	61,351	14,024	56,389	51,973	51,030	55,948	53,355	43,700	49,780	42,894	48,165	44,056	41,670	38,318	46,584	26,945	51,961	77,828	40,909	40,346	38,234	35,607	35,975	35,403	33,265	31,532	30,168	29,931	29,191	29,626	26,093	23,315	23,082	16,281	27,774	20,895	20,274	19,019	15,066	17,444	17,221	16,334	16,471	16,225	16,157	16,014	15,885	16,040	15,874	16,082	19,900	18,600	18,800	17,664	16,300	14,200	12,600	12,030	10,400	9,600	7,300	4,706	6,000	5,800	5,600	5,449	5,900	6,600	4,900	4,324	4,100	3,500	2,800	2,000	2,400	2,400	2,300	2,900	2,400	2,200	2,100	1,900	1,700	2,100	1,600	1,700	900	1,200	1,300	1,200	1,300	1,100	1,000	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,806	217	2,042	0	16,611	-217,108	-4,900	-5,858	0	0	0	0	0	653	-1,062	-254	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-3,084	24,119	-10,720	-4,545	-2,977	-3,081	-3,010	-261	-1,611	-2,782	-1,909	-10,007	-1,800	319	1,331	6,236	16,448	21,751	25,995	23,066	23,324	17,050	17,540	10,320	18,571	20,192	24,452	23,843	23,421	25,871	46,670	32,281	25,408	29,503	50,188	39,375	43,541	12,946	55,757	39,525	40,484	40,609	76,379	86,320	91,409	74,322	73,607	76,741	109,035	73,176	71,731	65,510	-10,251	86,096	73,575	81,824	94,566	110,927	73,419	74,172	74,649	67,332	84,679	72,462	75,048	76,185	80,780	78,237	78,473	76,663	78,055	-39,669	66,725	74,735	62,341	67,798	66,180	67,129	58,263	53,916	58,472	44,779	48,780	48,083	48,061	45,746	42,856	42,124	38,635	42,005	43,639	48,500	44,793	47,901	46,435	45,856	-296,149	189,300	152,800	149,200	-153,818	136,900	117,000	101,000	-64,902	78,200	70,600	47,100	-24,654	36,900	39,900	35,000	-18,885	34,500	36,600	30,600	-11,057	29,000	24,100	21,000	18,500	17,800	16,600	15,500	15,900	15,400	14,700	14,300	13,900	13,600	13,300	12,500	9,700	11,300	10,900	9,800	7,900	7,300	6,900	6,400	-	-	-	-	-	-	-	-	-	-	-	-
Ebitda	1,100	28,555	-6,206	-235	1,657	1,370	1,303	4,151	2,792	1,806	2,523	-5,656	2,880	5,456	5,729	11,350	22,485	27,837	33,556	31,651	34,154	28,337	30,561	23,152	37,309	41,325	48,374	51,331	52,461	55,055	87,868	68,532	62,551	70,025	103,825	103,443	102,380	72,232	115,588	93,417	92,392	103,171	146,199	152,843	178,470	137,759	137,159	138,092	123,059	129,565	123,704	116,540	45,697	139,451	117,275	131,604	137,460	159,092	117,475	115,842	112,967	113,916	111,624	124,423	152,876	117,094	121,126	116,471	114,080	112,638	113,458	-6,404	98,257	104,903	92,272	96,989	95,806	93,222	81,578	76,998	74,753	72,553	69,675	68,357	67,080	60,812	60,300	59,345	54,969	58,476	59,864	64,657	60,807	63,786	62,475	61,730	-280,067	209,200	171,400	168,000	-136,154	153,200	131,200	113,600	-52,872	88,600	80,200	54,400	-19,948	42,900	45,700	40,600	-13,436	40,400	43,200	35,500	-6,733	33,100	27,600	23,800	20,500	20,200	19,000	17,800	18,800	17,800	16,900	16,400	15,800	15,300	15,400	14,100	11,400	12,200	12,100	11,100	9,100	8,600	8,000	7,400	9,600	4,800	4,700	4,600	6,500	2,700	2,200	1,900	100	100	100	100
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,806	0	0	0	0	0	0	0	0	0	0	0	48,175	0	0	0	55,658	0	0	0	88,008	0	0	0	161,339	0	0	0	2,444	0	0	0	2,824	0	0	0	7,513	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	116	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,604	8,490	7,648	8,320	8,801	9,053	8,949	12,153	7,813	7,779	8,287	8,230	7,732	10,041	9,588	10,059	16,254	16,812	22,394	25,972	27,386	26,616	29,115	30,711	40,949	45,418	54,315	58,464	60,804	65,319	93,974	79,877	75,114	85,637	114,008	115,184	118,650	117,203	122,493	115,529	108,315	107,109	165,012	165,389	149,890	149,084	147,281	147,156	132,981	137,878	132,020	123,955	86,420	124,313	124,819	124,052	124,211	118,283	126,043	125,184	124,486	122,615	204,273	215,164	213,748	211,217	209,995	205,050	205,763	202,542	197,957	189,559	186,066	183,372	174,289	167,319	-268,127	320,838	138,945	136,578	130,836	127,538	121,720	120,633	214,272	102,067	100,729	98,675	98,912	96,784	98,646	99,830	100,532	103,175	101,045	100,254	96,441	116,800	107,800	106,400	96,254	99,100	86,300	74,900	56,463	59,600	54,700	38,100	24,383	31,300	34,600	29,800	27,178	29,000	30,500	26,000	21,383	23,900	19,900	17,600	15,400	14,800	13,800	12,700	12,900	12,400	11,900	11,500	11,500	11,100	10,900	10,400	8,000	8,600	8,500	7,800	6,500	5,900	5,600	5,200	4,900	4,800	4,700	4,600	4,000	2,700	2,200	1,900	100	100	100	100
Income Before Tax	26,586	26,262	16,632	23,831	21,300	12,244	2,953	1,313	-1,611	-2,782	-1,909	-10,007	-1,592	441	27,945	425,547	16,161	23,375	242,717	211,897	15,962	32,842	36,591	80,632	-21,624	33,559	-5,766	23,997	12,540	86,613	88,009	46,477	43,132	30,489	15,531	13,069	-157,705	156,154	-4,858	6,346	1,919	1,686	32,472	39,614	37,000	21,898	20,328	25,066	2,405	30,435	21,116	12,640	-28,914	61,582	10,246	37,371	-10,187	20,453	36,288	30,847	18,319	22,178	22,013	27,570	122,206	31,354	31,474	149,835	250,580	31,354	31,514	149,835	164,984	38,297	50,746	32,235	162,829	36,401	35,060	49,375	114,446	24,619	27,371	27,292	106,763	27,203	26,812	21,164	11,529	19,763	26,048	27,613	57,040	31,171	28,705	26,450	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Tax Expense	-40	-30	796	1,080	372	23	50	8	26	32	31	31	78	71	59	40	165	-521	340	1,300	540	65	-456	3,007	-55	335	45	175	280	225	165	75	-13	23	2,915	-561	1,025	703	908	555	107	785	754	988	1,301	1,322	92	492	604	307	90	346	221	-34	181	182	217	176	190	152	162	451	-4	164	-2,049	46,439	48,595	122,707	212,703	46,481	4,976	-73,217	121,278	4,427	22,239	3,530	120,836	3,099	1,733	1,961	79,282	0	0	0	75,179	18,543	16,044	20,960	27,106	22,242	17,923	22,704	-12,363	17,940	17,730	19,406	-309,111	173,800	115,100	101,600	-193,034	96,800	83,100	69,600	-101,402	48,000	42,700	27,700	-41,208	18,400	17,400	19,200	-33,021	18,400	20,900	12,300	-16,376	13,400	11,800	4,300	9,400	8,100	7,100	10,500	8,600	8,600	8,100	7,800	7,400	8,300	8,100	7,500	5,800	7,900	7,400	6,300	5,700	5,400	5,000	4,400	-1,800	-1,800	-2,100	-2,100	-1,600	-1,500	-1,500	-1,500	-100	-100	-100	-100
Interest Expense	28,310	0	0	28,310	7,537	15,294	5,963	1,574	1,732	1,599	1,626	1,843	2,284	9	302	309	311	321	4,070	4,206	5,035	5,085	6,350	10,115	10,796	11,510	14,863	15,014	19,255	21,427	21,300	22,347	24,390	25,111	27,973	29,842	32,151	35,245	37,899	37,935	38,559	39,359	43,762	52,344	53,763	51,138	50,237	49,106	49,987	49,423	48,200	47,414	42,136	44,743	46,281	46,482	43,546	41,786	44,267	43,859	45,616	45,154	44,383	45,224	171,571	43,169	42,301	41,294	165,894	43,169	41,854	41,294	143,663	35,628	34,732	35,607	118,212	31,423	25,201	26,225	26,957	24,046	25,062	25,079	21,855	21,346	22,249	20,910	21,864	21,986	22,469	24,199	24,225	25,441	25,310	25,098	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest Income	29,670	29,269	27,352	28,376	24,263	15,145	5,963	1,574	1,732	1,599	1,626	1,843	2,284	2,597	4,443	11,895	14,521	19,401	20,695	13,569	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-77	-86	-52	66	53	-31	7	3	-3	6	6,539	-20	-4	1	54	748	6	10	91	79	5	13	14	63	-8	12	-2	8	2,171	-2,084	1,042	0	1,129	0	0	0	1,129	0	0	0	19,985	108	10,028	9,957	5,514	4,647	4,521	894	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	26,549	26,146	15,784	22,685	20,875	10,193	2,896	1,302	-1,634	-2,808	-1,936	-10,018	-1,666	369	27,832	424,759	15,990	23,886	242,286	210,518	15,417	32,764	37,033	77,600	-21,561	33,212	-5,809	23,814	12,260	86,388	87,844	46,402	43,145	30,466	12,616	13,630	-158,561	156,740	5,385	20,448	-5,301	-216,315	18,889	25,667	-152,784	17,618	16,065	23,680	14,873	28,535	19,964	46,612	22,304	65,810	9,998	37,297	-10,253	72,199	59,616	43,112	63,463	85,724	68,052	27,406	27,479	32,154	31,474	33,148	37,877	31,354	31,514	149,835	43,706	38,297	50,746	32,235	41,993	36,401	35,060	49,375	35,164	24,619	27,371	27,292	31,584	27,203	26,812	21,164	11,529	19,763	25,716	25,796	57,156	29,961	28,705	26,450	12,962	15,500	37,700	47,600	39,216	40,100	33,900	31,400	36,500	30,200	27,900	19,400	16,554	18,500	22,500	15,800	14,136	16,100	15,700	18,300	5,319	15,600	12,300	16,700	9,100	9,700	9,500	5,000	7,300	6,800	6,600	6,500	6,500	5,300	5,200	5,000	3,900	3,400	3,500	3,500	2,200	1,900	1,900	2,000	1,800	1,800	2,100	2,100	1,600	1,500	1,500	1,500	100	100	100	100
Net Income Applicable To Common Shares	0	24,149	13,787	20,688	18,878	10,193	899	-695	-3,631	-4,805	-3,933	-12,015	-3,663	-1,628	25,835	422,762	13,993	21,889	240,289	208,521	13,420	30,767	35,036	185,602	-23,558	31,215	-7,806	21,817	10,263	84,391	71,254	39,421	36,164	23,485	5,635	6,649	-173,830	149,759	-17,802	5,574	-16,452	-227,466	7,738	14,516	2,221	0	-12,946	12,946	117	14,712	9,464	37,773	-13,320	39,417	-20,770	20,770	25,998	-23,393	23,393	18,070	5,490	9,060	9,350	8,738	1,807	7,779	9,379	10,553	21,433	20,916	22,301	131,500	32,013	26,736	31,439	20,528	30,572	23,056	23,681	38,003	23,664	13,119	15,871	15,792	20,084	20,953	21,875	16,226	6,592	14,825	21,111	25,583	57,040	31,171	28,705	26,450	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	26,626	26,232	15,836	22,751	20,928	12,221	2,903	1,305	-1,637	-2,814	-1,940	-10,038	-1,670	370	27,886	425,507	15,996	23,896	242,377	210,597	15,422	32,777	37,047	187,662	-21,569	33,224	-5,811	23,822	322,194	86,388	87,844	46,402	99,857	30,466	0	12,508	21,206	156,523	6,688	0	4,620	901	31,718	38,626	0	0	0	0	0	30,128	21,026	12,294	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	29,670	29,269	27,352	28,376	24,263	15,145	5,963	1,574	1,732	1,599	1,626	1,843	2,284	2,597	4,141	11,586	14,210	19,080	16,625	13,569	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	27,352	28,376	24,270	15,235	5,963	1,574	1,732	1,599	1,626	1,843	2,492	2,737	31,359	431,515	14,545	21,346	241,487	210,812	13,414	33,503	38,069	206,124	-21,006	32,473	9,092	20,826	0	85,182	108,579	38,510	0	26,734	0	8,888	0	179,931	29,613	0	11,110	10,719	409	12,582	0	0	0	0	0	14,624	3,302	2,712	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-13	0	-12,087	12,100	43,197	-39,339	18,428	1,286	131,208	-116,468	43,736	0	17,162	0	0	1,904	185,072	0	22,683	0	-19	-436	145	628	0	0	0	0	0	4,805	2,415	2,645	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	24,208	24,119	-10,720	-4,545	-2,977	-3,081	-3,010	-261	124	-4,381	-3,535	-11,850	-4,084	-2,287	-3,112	-5,659	1,927	2,350	5,300	5,291	7,583	4,424	4,872	-7,547	10,178	12,596	5	18,185	5,534	22,858	730	30,314	24,232	28,866	34,202	34,023	-124,094	12,540	15,882	43,788	40,205	30,326	75,825	80,972	80,424	69,989	68,931	70,993	49,460	65,234	66,014	56,518	-941	63,576	63,762	63,978	62,158	58,951	66,158	67,048	65,679	66,847	66,307	72,462	71,929	73,386	73,918	72,960	75,108	72,746	73,079	72,217	69,734	70,308	69,397	64,268	62,709	64,030	56,530	51,955	50,423	44,779	48,780	48,083	48,061	43,884	42,856	42,124	42,590	42,005	43,639	48,500	44,793	47,901	46,435	45,856	-296,149	189,300	152,800	149,200	-153,818	136,900	117,000	101,000	-64,902	78,200	70,600	47,100	-24,654	36,900	39,900	35,000	-18,885	34,500	36,600	30,600	-11,057	29,000	24,100	21,000	18,500	17,800	16,600	15,500	15,900	15,400	14,700	14,300	13,900	13,600	13,300	12,500	9,700	11,300	10,900	9,800	7,900	7,300	6,900	6,400	9,600	4,800	4,700	4,600	6,500	2,700	2,200	1,900	100	100	100	100
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	18,230	7,061	25,310	20,121	18,757	18,117	18,551	16,947	17,738	18,262	18,410	26,701	18,792	18,772	19,377	24,479	24,068	24,385	28,068	36,461	35,342	42,449	43,764	46,108	61,445	65,202	73,166	80,080	83,272	91,774	100,901	106,821	114,702	130,342	154,234	177,128	169,757	204,055	176,629	178,228	158,233	171,851	198,796	193,448	163,741	190,606	185,009	177,751	189,186	168,751	153,752	155,199	130,998	152,900	149,101	149,338	149,314	146,097	146,082	149,616	152,727	144,842	137,966	142,702	141,819	137,831	135,366	132,090	130,655	129,796	124,878	117,342	116,332	113,064	104,892	103,051	330,836	256,808	82,415	84,623	80,413	82,759	72,940	72,550	67,434	58,183	57,873	56,551	60,277	54,779	55,007	51,330	55,739	55,274	54,610	54,398	392,590	72,500	45,000	42,800	250,072	37,800	30,700	26,100	121,365	18,600	15,900	9,000	49,037	5,600	5,300	5,200	46,063	5,500	6,100	4,600	32,440	5,100	4,200	3,400	3,100	3,000	2,800	2,800	3,000	3,000	2,800	2,800	2,400	2,500	2,400	2,100	1,700	2,700	2,400	2,000	1,400	1,400	1,300	1,200	4,700	-	-	-	2,500	-	-	-	-	-	-	-
Preferred Stock And Other Adjustments	0	0	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	5,991	1,997	1,997	-1,997	13,979	-1,997	-1,997	-1,997	13,979	-1,997	-1,997	-1,997	0	1,997	16,590	6,981	0	6,981	0	6,981	0	6,981	23,187	0	11,151	11,151	11,151	11,151	0	0	0	0	0	13,823	10,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,184	4,436	4,514	4,310	4,634	4,451	4,313	4,412	4,403	4,588	4,432	4,351	4,065	4,380	3,913	4,571	6,224	6,086	7,885	8,490	10,707	11,186	12,903	13,904	18,931	21,422	24,311	27,488	29,701	30,066	41,198	37,372	38,625	43,280	55,501	64,068	60,964	59,286	64,005	53,892	55,043	62,562	69,820	69,052	87,061	80,698	36,848	63,647	14,024	60,203	57,931	51,030	55,948	53,355	43,700	43,940	42,894	41,927	44,056	41,670	38,318	37,802	26,945	51,961	77,828	40,909	40,346	38,234	35,607	35,975	35,403	33,265	31,532	30,168	29,931	29,191	29,626	26,093	23,315	23,082	16,281	27,774	20,895	20,274	19,019	15,066	17,444	17,221	16,334	16,471	16,225	16,157	16,014	15,885	16,040	15,874	16,082	19,900	18,600	18,800	17,664	16,300	14,200	12,600	12,030	10,400	9,600	7,300	4,706	6,000	5,800	5,600	5,449	5,900	6,600	4,900	4,324	4,100	3,500	2,800	2,000	2,400	2,400	2,300	2,900	2,400	2,200	2,100	1,900	1,700	2,100	1,600	1,700	900	1,200	1,300	1,200	1,300	1,100	1,000	-	-	-	-	-	-	-	-	-	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	40,266	0	0	0	26,538	1,746	2,064	0	30,888	0	500	0	28,907	0	0	0	5,569	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,504	7,061	13,854	8,555	7,137	7,593	7,646	8,002	6,753	7,572	7,390	15,729	7,136	7,191	8,302	10,604	8,290	8,523	9,533	12,096	8,973	10,905	11,222	13,339	12,033	11,689	11,960	12,078	11,490	13,277	12,177	13,312	13,739	16,249	10,911	16,558	16,760	47,450	24,097	24,848	16,221	25,069	21,653	17,266	51,697	14,592	13,364	12,310	39,737	9,704	9,554	10,951	39,646	10,658	9,796	9,984	39,427	9,628	9,792	9,487	15,344	9,184	8,991	9,376	9,067	8,947	9,125	8,578	7,207	8,513	8,540	7,873	7,016	9,102	7,453	6,875	6,696	6,946	5,830	5,698	5,015	4,951	4,872	4,500	5,023	3,916	4,151	3,725	3,820	4,061	3,640	4,093	3,760	4,482	4,332	4,697	3,604	5,300	5,000	4,800	4,772	4,800	4,000	3,600	3,570	3,300	3,000	1,900	2,255	1,700	1,600	1,500	2,214	1,600	1,700	1,400	4,216	300	300	200	200	300	200	200	100	200	200	0	200	200	200	100	100	100	100	100	100	100	100	100	-	-	-	-	-	-	-	-	-	-	-	-
Tax Provision	-40	60	796	1,080	372	23	50	8	26	32	31	31	78	71	59	40	165	-521	340	1,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	11,688	7,061	18,368	12,865	11,771	12,044	11,959	12,414	11,156	12,160	11,822	20,080	11,816	12,328	12,700	15,718	14,327	14,462	17,094	20,681	19,803	22,192	24,243	26,171	30,771	32,822	35,882	38,993	40,530	42,461	49,508	49,563	50,882	56,771	64,548	79,257	75,599	104,663	83,928	76,497	68,129	77,219	89,042	83,789	68,820	78,029	76,916	73,661	72,815	67,839	63,591	64,792	68,773	59,178	59,954	59,764	60,042	57,793	59,396	57,877	58,807	55,768	137,966	142,702	141,819	137,831	135,366	132,090	130,655	129,796	124,878	117,342	116,332	113,064	104,892	103,051	-330,836	256,808	82,415	84,623	80,413	82,759	72,940	72,550	67,434	58,183	57,873	56,551	60,277	54,779	55,007	51,330	55,739	55,274	54,610	54,398	392,590	-72,500	-45,000	-42,800	250,072	-37,800	-30,700	-26,100	121,365	-18,600	-15,900	-9,000	49,037	-5,600	-5,300	-5,200	46,063	-5,500	-6,100	-4,600	32,440	-5,100	-4,200	-3,400	-3,100	-3,000	-2,800	-2,800	-3,000	-3,000	-2,800	-2,800	-2,400	-2,500	-2,400	-2,100	-1,700	-2,700	-2,400	-2,000	-1,400	-1,400	-1,300	-1,200	4,700	-	-	-	2,500	-	-	-	-	-	-	-
Total Other Income Expense Net	2,378	2,143	27,352	28,376	24,277	15,325	5,963	1,574	-1,735	1,599	1,626	1,843	208	131	26,916	419,620	24	1,945	220,792	193,037	-2,327	20,877	25,401	80,427	-29,399	24,877	-15,355	15,168	8,374	82,169	62,639	36,543	42,114	26,097	-6,684	3,536	-169,095	178,453	-5,805	4,865	-6	10,928	14	9,900	9,365	1,582	-213	389	-8,064	9,450	495	67	-5,447	40,618	-8,785	18,447	-51,851	-48,688	13,545	7,254	-47,360	-44,669	-44,294	-44,892	-3,119	2,408	-711	77,618	1,745	1,172	-41,565	116,287	7,055	-32,011	10,644	-32,033	97,518	-27,629	-21,470	-2,580	256,088	-20,160	-21,409	-20,791	173,969	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Revenue	15,146	15,212	14,590	15,576	15,787	15,126	15,541	16,686	14,395	13,881	14,875	14,851	14,708	16,485	16,265	18,820	25,995	26,735	33,368	41,752	42,925	46,873	48,636	50,648	71,623	77,798	91,599	99,551	103,546	114,632	145,367	137,135	138,934	159,208	203,694	213,055	212,808	216,595	215,194	217,260	198,419	201,741	274,766	275,048	244,811	261,661	255,374	251,246	249,352	238,790	222,181	214,362	148,645	218,035	213,966	213,626	213,483	206,587	212,729	216,923	218,406	211,689	204,273	215,164	213,748	211,217	209,995	205,050	205,763	202,542	197,957	189,559	186,066	183,372	174,289	167,319	-268,127	320,838	138,945	136,578	130,836	127,538	121,720	120,633	115,495	102,067	100,729	98,675	98,912	96,784	98,646	99,830	100,532	103,175	101,045	100,254	96,441	116,800	107,800	106,400	96,254	99,100	86,300	74,900	56,463	59,600	54,700	38,100	24,383	31,300	34,600	29,800	27,178	29,000	30,500	26,000	21,383	23,900	19,900	17,600	15,400	14,800	13,800	12,700	12,900	12,400	11,900	11,500	11,500	11,100	10,900	10,400	8,000	8,600	8,500	7,800	6,500	5,900	5,600	5,200	4,900	4,800	4,700	4,600	4,000	2,700	2,200	1,900	100	100	100	100

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

Gross Profit (+$)
totalRevenue	60,524
Cost of Revenue	-27,462
Gross Profit	33,062	33,062

Operating Income (+$)
Gross Profit	33,062
Operating Expense	-54,418
Operating Income	33,062	-21,356

Operating Expense (+$)
Research Development	0
Selling General Administrative	36,974
Selling And Marketing Expenses	0
Operating Expense	54,418	36,974

Net Interest Income (+$)
Interest Income	109,260
Interest Expense	-0
Other Finance Cost	-0
Net Interest Income	109,260

Pretax Income (+$)
Operating Income	33,062
Net Interest Income	109,260
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	93,311	-27,187 EBIT - interestExpense = -21,356 93,030 91,164
Interest Expense	0
Earnings Before Interest and Taxes (EBIT)	-21,356	93,311
Earnings Before Interest and Taxes (EBITDA)	-3,912

After tax Income (+$)
Income Before Tax	93,311
Tax Provision	-2,278
Net Income From Continuing Ops	85,747	91,033
Net Income	91,164
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	81,880
Total Other Income/Expenses Net	60,249	-109,260

Technical Analysis of Equity Commonwealth
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 Equity Commonwealth. The general trend of Equity Commonwealth is BEARISH 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 Equity Commonwealth'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 Equity Commonwealth.

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

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 18.64 < 19.01 < 19.09.

The bearish price targets are: 18.44 > 18.42 > 18.12.

Tweet this

Equity Commonwealth 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 Equity Commonwealth. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Equity Commonwealth 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 Equity Commonwealth. The current macd is -0.05720373.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Equity Commonwealth price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Equity Commonwealth. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Equity Commonwealth price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Equity Commonwealth 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 Equity Commonwealth. The current adx is 8.42174461.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Equity Commonwealth shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1

Equity Commonwealth 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 Equity Commonwealth. The current sar is 18.94.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

Equity Commonwealth 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 Equity Commonwealth. The current rsi is 48.70. The current phase is Continuation in bear market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Equity Commonwealth 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 Equity Commonwealth. The current phase is Continuation in bear market.

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

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

Equity Commonwealth 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 Equity Commonwealth. The current cci is -65.4950205.

Equity Commonwealth 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 Equity Commonwealth. The current cmo is 0.29831413.

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

Equity Commonwealth 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 Equity Commonwealth. The current willr is -58.97435897.

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

Equity Commonwealth Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Equity Commonwealth.

Equity Commonwealth 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 Equity Commonwealth. The current atr is 0.22536081.

Equity Commonwealth 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 Equity Commonwealth. The current obv is -43,532,935.

Equity Commonwealth 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 Equity Commonwealth. The current mfi is 42.82.

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

Equity Commonwealth Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Equity Commonwealth.

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

6.3. Candlestick Patterns

Equity Commonwealth Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Equity Commonwealth based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	48.703
Ma 20	Greater than	Ma 50	18.686
Ma 50	Greater than	Ma 100	18.714
Ma 100	Greater than	Ma 200	18.976
Open	Greater than	Close	18.530
Total			0/5 (0.0%)

Create your own Symbol Scanner

Get notifications about Equity Commonwealth

I send you an email if I find something interesting about Equity Commonwealth.

Equity Commonwealth Buy, Hold or Sell?

Let's analyse Equity Commonwealth together

Get notifications about Equity Commonwealth

Quick analysis of Equity Commonwealth (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Equity Commonwealth (5 min.)

$18.66

$22.13

$3.65 - $24.78

$25.77 - $46.91

2. Growth of Equity Commonwealth (5 min.)

Is Equity Commonwealth growing?

How much money is Equity Commonwealth making?

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

3. Financial Health of Equity Commonwealth (5 min.)

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

What can you expect buying and holding a share of Equity Commonwealth?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Equity Commonwealth

About Equity Commonwealth

Financial Health

Valuation

1.1. Profitability of Equity Commonwealth.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of Equity Commonwealth.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Equity Commonwealth.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of Equity Commonwealth.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of Equity Commonwealth

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Equity Commonwealth
Buy, Hold or Sell?